Company: VYND
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001079973-25-001679
Chunk: 17

Company: Vynleads, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 for the three months ended September
30, 2025 was $58,069 compared to $58,658 for the three months ended September 30, 2024. Our net loss increase is attributable to the increase
in selling, general, and administrative expense offset by the decrease in interest expense.

Costs and Expenses

Total costs and operating expenses increased by
$11,422 or 6% in the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase in operating
cost and expense was due to use of third-party software development team.

Selling, general and administrative expenses increased
by $16,609 or 10% in the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024. The increase in operating
cost and expense was due to use of third-party software development team.

Net Loss

Our net loss for the nine months ended September
30, 2025 was $196,120 compared to $197,545 for the nine months ended September 30, 2024. Our net loss increase is attributable to the
increase in selling, general, and administrative expense offset by the decrease in interest expense.

  17  

Liquidity and capital resources

Liquidity is the ability of a company to generate
sufficient cash to satisfy its needs for cash. The following table summarizes our total current assets, total current liabilities and
working capital deficitat September 30, 2025 as compared to December 31, 2024.

                                 September 30,                       December 31,                
                                                    (unaudited)                                  
  Total current assets           $                       40,753      $                   87,203  
  Total current liabilities      $                      366,738      $                  314,568  
  Working capital deficit        $                     (325,985      $                 (227,365  

The reduction in total current assets between
the periods primarily reflects a reduction in cashand decrease in prepaid expenses. The increase
in total current liabilities reflects an increase in notes payable. We do not have any capital
commitments and do not have any external sources of working capital available.

Going concern and management’s liquidity
plans

We have experienced
recurring operating losses and negative operating cash flows, and have financed our recent working capital requirements primarily through
the issuance of notes payable. During the nine months ended September 30, 202