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Balance Sheets Overview

Current Ratio
40.35%
Quick Ratio
40.35%
Cash Ratio
5.61%
Debt to Asset Ratio
54.63%
Unit: Dollar
Assets Breakdown
    • Intangible assets, net
    • Goodwill
    • Accounts receivable, net of allo...
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Accumulated deficit
    • Notes payable, less current port...
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash
454,151
1,346,132
5,266,286
472,759
Accounts receivable, net of allowance for credit losses of 1,642,234 and 835,007 as of june 30, 2026, and december 31, 2025, respectively
2,231,040
2,671,169
2,520,844
2,578,490
Due from related party
315,473
312,947
304,614
284,614
Prepaids and other current assets
265,723
511,051
273,663
382,522
Current assets from discontinued operations
0
-
-
-
Total current assets
3,266,387
4,841,299
8,365,407
3,718,385
Long-term investments
749,800
749,800
-
-
Right-of-use assets, net
8,345
10,881
13,304
315,679
Intangible assets, net
7,680,004
8,232,500
8,785,000
9,337,504
Goodwill
4,916,694
4,916,694
4,916,694
4,916,694
Fixed assets, net
113,178
265,245
332,614
418,860
Non-current assets from discontinued operations
0
-
-
-
Total assets
16,734,408
19,016,419
22,413,019
18,707,122
Accounts payable and accrued liabilities
6,396,048
8,529,725
11,536,775
11,716,584
Deferred revenue
-
1,446,585
1,324,485
1,150,093
Due to related party
51,900
51,900
51,900
51,900
Operating lease liabilities
8,345
10,881
10,394
85,575
Financing lease liabilities
0
0
131,062
184,106
Factoring payable
-
-
0
122,220
Encompass purchase liability
400,000
400,000
650,000
265,578
Line of credit-Equity Line Of Credit
-
-
0
42,394
Notes payable, current portion-Quantum Notes
-
-
351,307
3,828,125
Convertible notes, at fair value-September2024Convertible Note
757,242
346,943
0
2,043,760
Loan payable, related party, net of discount-Revolving Credit Facility
-
471,651
471,651
-
Loan payable, related party, net of discount-Related Party
141,651
-
-
471,651
Line of credit-Revolving Credit Facility
0
0
456,097
456,097
Notes payable, net of discount
334,582
-
-
1,944,710
Notes payable, net of discount-Related Party
-
524,093
1,241,996
-
Notes payable, current portion-Exchange Notes
-
-
0
1,028,158
Common stock issuance obligation
5,918
12,798
18,941
31,227
Current liabilities from discontinued operations
0
-
-
-
Total current liabilities
8,095,686
11,794,576
16,244,608
23,422,178
Notes payable, less current portion, net of discount
781,581
781,581
593,941
589,374
Sepa liability
145,174
-
-
-
Operating lease liabilities, less current portion
0
0
2,910
203,689
Deferred revenue, net of current portion
-
-
0
0
Deferred tax liabilities, net
119,192
119,192
119,192
67,379
Total liabilities
9,141,633
12,695,349
16,960,651
24,282,620
Preferred stock, value-Series APreferred Stock
1
1
-
-
Preferred stock, 0.0001 par value, 10,000,000 shares authorized 1,788 and 6,158 shares issued and outstanding as of december 31, 2025, and december 31, 2024, respectively
-
-
1
1
Preferred stock, value-Series BPreferred Stock
0
1
-
-
Common stock, 0.0001 par value 100,000,000 shares authorized 55,679,813 and 33,193,140 shares issued and outstanding as of june 30, 2026, and december 31, 2025, respectively
5,567
4,730
3,319
1,703
Additional paid-in capital
91,756,919
91,333,323
87,865,771
68,989,139
Accumulated deficit
-84,169,712
-85,016,985
-82,416,723
-74,566,341
Total stockholders deficit
-
-
-
-5,575,498
Total stockholders equity
7,592,775
6,321,070
5,452,368
-
Total liabilities and stockholders equity
16,734,408
19,016,419
22,413,019
18,707,122
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Accounts receivable, netof allowance for...$2,231,040 (38.00%↑ Y/Y)Cash$454,151 (55.75%↑ Y/Y)Due from relatedparty$315,473 (30.84%↑ Y/Y)Prepaids and othercurrent assets$265,723 (-35.20%↓ Y/Y)Intangible assets, net$7,680,004 (-22.35%↓ Y/Y)Goodwill$4,916,694 (0.00%↑ Y/Y)Total current assets$3,266,387 (27.62%↑ Y/Y)Long-term investments$749,800 Fixed assets, net$113,178 (-77.64%↓ Y/Y)Right-of-use assets, net$8,345 (-97.53%↓ Y/Y)Total assets$16,734,408 (-8.10%↓ Y/Y)Total liabilities andstockholders equity$16,734,408 (-8.10%↓ Y/Y)Total liabilities$9,141,633 (-61.82%↓ Y/Y)Total stockholdersequity$7,592,775 Accumulated deficit-$84,169,712 (-13.32%↓ Y/Y)Total currentliabilities$8,095,686 (-64.89%↓ Y/Y)Notes payable, lesscurrent portion, net of...$781,581 (31.59%↑ Y/Y)Sepa liability$145,174 Deferred taxliabilities, net$119,192 (76.90%↑ Y/Y)Additional paid-in capital$91,756,919 (33.88%↑ Y/Y)Common stock, 0.0001par value...$5,567 (238.83%↑ Y/Y)Preferred stock,value-Series APreferred...$1 Accounts payable andaccrued liabilities$6,396,048 (-33.52%↓ Y/Y)Convertible notes, at fairvalue-September2024Convertible Note$757,242 (-74.06%↓ Y/Y)Encompass purchaseliability$400,000 (51.59%↑ Y/Y)Notes payable, net ofdiscount$334,582 (-77.09%↓ Y/Y)Loan payable,related party, net of...$141,651 (-69.97%↓ Y/Y)Due to related party$51,900 (0.00%↑ Y/Y)Operating leaseliabilities$8,345 (-89.71%↓ Y/Y)Common stock issuanceobligation$5,918 (-90.03%↓ Y/Y)

VSEE HEALTH, INC. (VSEEW)

VSEE HEALTH, INC. (VSEEW)