VHUB: the balance sheet

MyFinsight

For the year ending 2025-12-31, VHUB has $3,623,962 in assets. $13,943,270 in debts.

Balance Sheets	2025-12-31
Cash and cash equivalents	89,634
Inventory (note 2)	1,021,947
Security deposit - current	2,000
Prepaid expenses	248,032
Total current assets	1,361,613
Security deposit	79,566
Property and equipment, net (note 2)	1,275,078
Right of use asset	907,705
Total non-current assets	2,262,349
Total assets	3,623,962

Accounts payable and accrued expenses	716,329
Interest payable - current	89,148
Sales tax payable	6,839
Customer deposits	203,645
Current operating lease liability	346,953
Loan payable - related party (note 4)	1,000,000
Deferred revenue (note 2)	1,500,000
Accrued payroll and compensation (note 4)	2,114,487
Convertible debt at fair value (note 9)	4,576,949
Total current liabilities	10,554,350
Interest payable	131,549
Right of use liability	706,441
Promissory note (note 3)	2,550,930
Total noncurrent liabilities	3,388,920
Total liabilities	13,943,270
Preferred stock, value-Preferred Class B	3
Preferred stock, value-Preferred Class C	100
Common stock - 0.001 par value 100,000,000 shares authorized 75,024,356 shares issued and outstanding as of december 31, 2025 and 26,500,959 as of december 31, 2024	75,024
Additional paid-in capital	71,774,075
Accumulated deficit	-82,168,510
Total stockholders deficit	-10,319,308
Total liabilities & stockholders deficit	3,623,962

Unit: Dollar.