The latest financial statement is for the quarter ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Impairment of developed technology and tradename | - | - | 5,909,318 |
| Loss on extinguishment of debt related party | - | - | 0 |
| Net income (loss) | 7,738,000 | -3,452,000 | -18,881,931 |
| Issuance of warrants for consulting services | - | - | 0 |
| Fair value of vested incentive stock options | - | - | -214,695 |
| Discount on related party note payable | - | - | 0 |
| Amortization of debt discount | 36,000 | - | 1,330,173 |
| Depreciation and amortization | 105,000 | 83,000 | 992,719 |
| Issuance of common stock for consulting services | - | - | 325,000 |
| Incentive stock option and rsu expense | 141,000 | 63,000 | - |
| (gain) loss on change in fair value of derivative | 10,961,000 | 132,000 | 47,000 |
| Prepaid expenses and other current assets | -263,000 | -147,000 | 1,266,452 |
| Related party receivables | 420,000 | - | - |
| Accounts payable and accrued expenses | -123,000 | 380,000 | -336,604 |
| Accrued expenses - related party | 764,000 | 669,000 | 1,306,724 |
| Players liabilities | -35,000 | -229,000 | 22,632 |
| Net cash used in operating activities | -2,492,000 | -2,471,000 | -10,430,726 |
| Cash paid for licenses and capitalized software | 288,000 | 206,000 | 1,022,622 |
| Cash paid for non-gaming development | 45,000 | - | - |
| Proceeds from issuance of common stock | - | - | 500,000 |
| Net cash used in investing activities | -127,000 | -206,000 | -1,022,622 |
| Proceeds from line of credit - related party | 3,194,000 | 2,900,000 | 11,916,000 |
| Proceeds from convertible notes | 0 | 100,000 | 0 |
| Repayment of convertible note | 500,000 | - | - |
| Repayments of notes payable | 274,000 | 265,000 | 972,814 |
| Net cash provided by financing activities | 2,420,000 | 2,735,000 | 11,443,186 |
| Net change in cash and cash reserved for users | -199,000 | 58,000 | -10,162 |
| Cash and cash equivalents at beginning of period | 498,000 | 440,000 | 449,763 |
| Cash and cash equivalents at end of period | 299,000 | 498,000 | 439,601 |
VIP Play, Inc. (VIPZ)
VIP Play, Inc. (VIPZ)