For the quarter ending 2026-03-31, VSEEW has $19,016,419 in assets. $12,695,349 in debts. $1,346,132 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 1,346,132 | 5,266,286 | 472,759 | 291,595 |
| Accounts receivable, net of allowance for credit losses of 1,125,816 and 835,007 as of march 31, 2026, and december 31, 2025, respectively | 2,671,169 | 2,520,844 | 2,578,490 | 1,616,751 |
| Due from related party | 312,947 | 304,614 | 284,614 | 241,122 |
| Prepaids and other current assets | 511,051 | 273,663 | 382,522 | 410,037 |
| Total current assets | 4,841,299 | 8,365,407 | 3,718,385 | 2,559,505 |
| Long-term investments | 749,800 | - | - | - |
| Right-of-use assets, net | 10,881 | 13,304 | 315,679 | 337,770 |
| Intangible assets, net | 8,232,500 | 8,785,000 | 9,337,504 | 9,890,002 |
| Goodwill | 4,916,694 | 4,916,694 | 4,916,694 | 4,916,694 |
| Fixed assets, net | 265,245 | 332,614 | 418,860 | 506,070 |
| Total assets | 19,016,419 | 22,413,019 | 18,707,122 | 18,210,041 |
| Accounts payable and accrued liabilities | 8,529,725 | 11,536,775 | 11,716,584 | 9,620,888 |
| Deferred revenue | 1,446,585 | 1,324,485 | 1,150,093 | 1,170,101 |
| Due to related parties | 51,900 | 51,900 | 51,900 | 51,900 |
| Operating lease liabilities | 10,881 | 10,394 | 85,575 | 81,132 |
| Financing lease liabilities | 0 | 131,062 | 184,106 | 234,673 |
| Factoring payable | - | 0 | 122,220 | 143,220 |
| Encompass purchase liability | 400,000 | 650,000 | 265,578 | 263,874 |
| Line of credit-Equity Line Of Credit | - | 0 | 42,394 | 59,843 |
| Notes payable, current portion-Quantum Notes | - | 351,307 | 3,828,125 | 3,580,612 |
| Convertible notes, at fair value-September2024Convertible Note | 346,943 | 0 | 2,043,760 | 2,918,875 |
| Loan payable, related party-Related Party | - | - | 471,651 | 471,651 |
| Loan payable, related party, net of discount-Revolving Credit Facility | 471,651 | 471,651 | - | - |
| Line of credit-Revolving Credit Facility | 0 | 456,097 | 456,097 | 456,097 |
| Notes payable, net of discount | - | - | 1,944,710 | 1,460,422 |
| Notes payable, net of discount-Related Party | 524,093 | 1,241,996 | - | - |
| Notes payable, current portion-Exchange Notes | - | 0 | 1,028,158 | 2,485,636 |
| Common stock issuance obligation | 12,798 | 18,941 | 31,227 | 59,383 |
| Total current liabilities | 11,794,576 | 16,244,608 | 23,422,178 | 23,058,307 |
| Notes payable, less current portion, net of discount | 781,581 | 593,941 | 589,374 | 593,941 |
| Operating lease liabilities, less current portion | 0 | 2,910 | 203,689 | 226,718 |
| Deferred revenue, net of current portion | - | 0 | 0 | 0 |
| Deferred tax liabilities, net | 119,192 | 119,192 | 67,379 | 67,378 |
| Total liabilities | 12,695,349 | 16,960,651 | 24,282,620 | 23,946,344 |
| Preferred stock, value-Series APreferred Stock | 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 | 1 |
| Preferred stock, value-Series BPreferred Stock | 1 | - | - | - |
| Common stock, 0.0001 par value 100,000,000 shares authorized 47,299,421 and 33,193,140 shares issued and outstanding as of march 31, 2026, and december 31, 2025 | 4,730 | 3,319 | 1,703 | 1,643 |
| Additional paid-in capital | 91,333,323 | 87,865,771 | 68,989,139 | 68,538,649 |
| Accumulated deficit | -85,016,985 | -82,416,723 | -74,566,341 | -74,276,596 |
| Total stockholders deficit | - | - | -5,575,498 | -5,736,303 |
| Total stockholders equity | 6,321,070 | 5,452,368 | - | - |
| Total liabilities and stockholders equity | 19,016,419 | 22,413,019 | 18,707,122 | 18,210,041 |
VSEE HEALTH, INC. (VSEEW)
VSEE HEALTH, INC. (VSEEW)