VRCA: the balance sheet

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For the quarter ending 2025-09-30, VRCA has $40,896K in assets. $57,936K in debts. $21,097K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	21,097	15,396
Accounts receivable	7,047	9,193
Collaboration receivable, billed and unbilled	282	8,178
Deferred r&d services, current portion (note 11)	1,959	-
Inventory	2,304	2,522
Prepaid expenses and other current assets	3,586	1,492
Total current assets	36,275	36,781
Property and equipment, net	225	315
Operating lease right-of-use asset	616	690
Finance lease right-of-use asset	1,050	945
Deferred r&d services, non-current portion (note 11)	2,354	-
Other non-current assets	376	376
Total assets	40,896	39,107

Deferred revenue	-	481
Accounts payable	1,585	2,321
Accrued expenses and other current liabilities	12,600	13,101
Deferred revenue	1,564	-
Current portion of long-term debt	12,458	12,673
Operating lease liability	335	328
Finance lease liability	366	318
Total current liabilities	28,908	29,222
Operating lease liability	330	416
Finance lease liability	629	579
Derivative liability	1,762	1,796
R&d funding liability (note 11)	4,688	-
Long term debt	21,619	24,578
Total liabilities	57,936	56,591
Common stock, 0.0001 par value 200,000,000 authorized 9,500,549 shares issued and 9,490,035 shares outstanding as of september 30, 2025 and 9,188,513 shares issued and 9,177,999 shares outstanding as of december 31, 2024	1	1
Treasury stock, at cost, 10,514 shares as of september 30, 2025 and december 31, 2024	0	0
Additional paid-in capital	299,798	299,080
Accumulated deficit	-316,839	-316,565
Total stockholders deficit	-17,040	-17,484
Total liabilities and stockholders deficit	40,896	39,107

Unit: Thousand (K) dollars