VRSSF: the balance sheet

MyFinsight

For the quarter ending 2025-12-31, VRSSF has $2,290,444 in assets. $15,488,203 in debts.

Unit: Dollar

Balance Sheets	2025-12-31	2025-09-30	2025-06-30
Cash and restricted cash	67,954	1,209,908	3,255,995
Deferred financing costs	-	-	33,151
Work in progress	-	-	0
Accounts receivable	164,000	296,700	200,000
Tax receivable	761,962	728,193	689,203
Prepaid expenses	1,105,789	1,215,775	615,716
Total current assets	2,099,705	3,450,576	4,794,065
Due from related parties	70,449	69,657	68,864
Equipment	120,290	120,008	118,266
Total assets	2,290,444	3,640,241	4,981,195

Accounts payable	3,141,081	1,508,247	2,265,506
Deferred revenue	-	-	0
Accrued liabilities	79,891	132,665	25,655
Deferred grant	41,739	-	17,832
Provision for legal claim	9,640,094	9,402,338	9,171,174
Convertible debentures	1,832,770	-	-
Restricted share unit liability	611,592	1,776,600	4,025,461
Total current liabilities	15,347,167	12,819,850	15,505,628
Loans payable	141,036	139,722	140,347
Total liabilities	15,488,203	12,959,572	15,645,975
Voting shares, value-Class ASubordinate Voting Stock	-	121,532,339	112,097,010
Class a subordinate voting shares, without par value unlimited authorized 12,618,775 and 7,825,571 issued and outstanding, respectively	118,580,460	-	-
Additional paid-in capital	23,368,424	18,808,571	16,944,375
Accumulated other comprehensive loss	-601,456	-591,715	-504,697
Deficit	-154,545,187	-149,068,526	-139,201,468
Total shareholders deficiency	-13,197,759	-9,319,331	-10,664,780
Total liabilities and shareholders deficiency	2,290,444	3,640,241	4,981,195

Unit: Dollar