For the quarter ending 2025-12-31, VIPZ has $3,876,000 in assets. $31,160,000 in debts.
| Balance Sheets | 2025-12-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Cash | 241,000 | 311,000 | 162,599 | |
| Cash reserved for users | 58,000 | 187,000 | 277,002 | |
| Related party receivables-Related Party | 420,000 | - | - | |
| Prepaid expenses and other current assets | 2,124,000 | 2,272,000 | 2,419,151 | |
| Total current assets | 2,843,000 | 2,770,000 | 2,858,752 | |
| Debt issuance costs, net | - | - | 0 | |
| Equipment, net | - | - | 493 | |
| Total | - | - | 919,909 | |
| Less accumulated amortization | - | - | 37,374 | |
| Intangible assets, net | 1,029,000 | 1,005,000 | 882,535 | |
| Security deposit | - | - | 4,076 | |
| Deposits and other assets | 4,000 | 4,000 | - | |
| Total other assets | 1,033,000 | 1,009,000 | 887,104 | |
| Total assets | 3,876,000 | 3,779,000 | 3,745,856 | |
| Notes payable - long-term | - | - | 0 | |
| Total long-term liabilities | - | - | 0 | |
| Accounts payable and accrued expenses | 1,329,000 | 1,451,000 | 1,072,123 | |
| Accrued expenses - related party | 3,111,000 | 2,347,000 | 1,678,322 | |
| Players liabilities | 73,000 | 108,000 | 336,389 | |
| Notes payable-Nonrelated Party | 340,000 | 499,000 | 764,415 | |
| Notes payable-Related Party | 30,000 | 30,000 | 30,000 | |
| Convertible notes, net of discount | 410,000 | 132,000 | 85,407 | |
| Line of credit - related party | 25,680,000 | 22,486,000 | 19,586,000 | |
| Derivative liability | 187,000 | 11,148,000 | 11,226,000 | |
| Total current liabilities | 31,160,000 | 38,201,000 | 34,778,656 | |
| Total liabilities | 31,160,000 | 38,201,000 | 34,778,656 | |
| Preferred stock value-Series APreferred Stock | - | - | 0 | |
| Preferred stock value-Series CPreferred Stock | - | - | 0 | |
| Preferred stock value-Series BPreferred Stock | 12,000 | 12,000 | 11,693 | |
| Common stock, 0.001 par value, 475,000,000 shares authorized, 73,457,857 and 73,457,857 shares issued and outstanding as of december 31, 2025, and june 30, 2025, respectively | 73,000 | 73,000 | 73,457 | |
| Additional paid-in capital | 31,473,000 | 31,332,000 | 31,268,755 | |
| Accumulated deficit | -58,842,000 | -65,839,000 | -62,386,705 | |
| Total stockholders deficit | -27,284,000 | -34,422,000 | -31,032,800 | |
| Total liabilities and stockholders deficit | 3,876,000 | 3,779,000 | 3,745,856 | |
VIP Play, Inc. (VIPZ)
VIP Play, Inc. (VIPZ)