Company: VYND
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001079973-25-000779
Chunk: 1

Company: Vynleads, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 1
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 we have reported net losses of $80,970
and $80,616, respectively. As of March 31, 2025, we had a negative working capital of $275,835 and an accumulated deficit of $2,866,500.
As a result, management believes that there is substantial doubt about our ability to continue as a going concern.

Despite our current expense,
cash flow projections, and aggregate cash and holdback receivable from our merchant, net of reserve for refunds, of $8,468, we will require
substantial funds to expand service and product offerings into additional areas, market and promote our services and product offerings;
and develop and grow our infrastructure and corporate organization. Our capital requirements depend on numerous factors, including but
not limited to our ability to generate sufficient revenues to pay our operating expenses.

Our ability to meet our current
and projected obligations depends on our ability to generate sufficient sales and to control expenses and will require that we seek additional
capital through private and/or public financing sources. There can be no assurances that we will achieve our forecasted financial results
or that we will be able to raise additional capital to operate our business. Any such failure would have a material adverse impact on
our liquidity and financial condition and could force us to curtail or discontinue operations entirely and could require us to file for
protection under bankruptcy laws. These conditions raise substantial doubt as to our ability to continue as a going concern. The financial
statements do not include any adjustments that might result from the outcome from this uncertainty.

3.       Summary
of Significant Accounting Policies

Accounting Principles

The financial statements and accompanying notes are
prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).

Use of Accounting Estimates

The preparation of financial statements in conformity
with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses
during the reporting period. We believe that judgment is involved in determining our reserve for refunds, our holdback reserve, and valuation
of stock-based compensation. We evaluate our estimates and assumptions as facts and circumstances dictate. As future events and their
effects cannot be determined with precision, actual results could differ from these estimates and assumptions, and those differences could
be material to the Financial Statements.

    6 
    VYNLEADS, INC.NOTES TO CONDENSED FINANC