VRCA: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, VRCA has $38,786K in assets. $22,731K in debts. $20,600K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
210.43%
Quick Ratio
198.26%
Cash Ratio
127.01%
Debt to Asset Ratio
58.61%
Unit: Thousand (K) dollars
Assets Breakdown
Cash
Accounts receivable
Prepaid expenses and other curre...
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Total current liabilities
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash	20,600	30,147	21,097	15,396
Accounts receivable	7,724	5,260	7,047	9,193
Collaboration receivable, billed and unbilled	89	137	282	8,178
Deferred r&d services, current portion (note 10)	1,374	1,958	1,959	-
Inventory	1,974	2,236	2,304	2,522
Prepaid expenses and other current assets	2,368	2,801	3,586	1,492
Total current assets	34,129	42,539	36,275	36,781
Property and equipment, net	191	209	225	315
Operating lease right-of-use asset	463	540	616	690
Finance lease right-of-use asset	1,009	1,113	1,050	945
Deferred r&d services, non-current portion (note 10)	2,354	2,354	2,354	-
Other non-current assets	640	376	376	376
Total assets	38,786	47,131	40,896	39,107

Deferred revenue	-	-	-	481
Accounts payable	2,193	2,072	1,585	2,321
Accrued expenses and other current liabilities	12,251	12,837	12,600	13,101
Deferred revenue	1,031	782	1,564	-
Current portion of long-term debt	-	0	12,458	12,673
Operating lease liability	348	341	335	328
Finance lease liability	396	405	366	318
Total current liabilities	16,219	16,437	28,908	29,222
Operating lease liability	152	242	330	416
Long-term debt	-	0	21,619	24,578
Finance lease liability	546	643	629	579
Derivative liability	-	0	1,762	1,796
R&d funding liability (note 10)	5,814	5,066	4,688	-
Total liabilities	22,731	22,388	57,936	56,591
Common stock, 0.0001 par value 200,000,000 authorized 17,189,300 shares issued and 17,178,786 shares outstanding as of march 31, 2026 and december 31, 2025	2	2	1	1
Treasury stock, at cost, 10,514 shares as of march 31, 2026 and december 31, 2025	0	0	0	0
Additional paid-in capital	350,648	349,654	299,798	299,080
Accumulated deficit	-334,595	-324,913	-316,839	-316,565
Total stockholders equity	16,055	24,743	-17,040	-17,484
Total liabilities and stockholders equity	38,786	47,131	40,896	39,107

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

MyFinsight

Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Current Ratio210.43%Quick Ratio198.26%Cash Ratio127.01%Debt to Asset Ratio58.61%Unit: Thousand (K) dollarsAssets BreakdownCashAccounts receivablePrepaid expenses and other curre...OthersLiabilities BreakdownAdditional paid-in capitalAccumulated deficitTotal current liabilitiesOthers

Time Plot

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Balance Sheets