Company: VYND
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001079973-25-000779
Chunk: 0

Company: Vynleads, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
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March 31, 2025

(UNAUDITED)

1.       Business

Vynleads, Inc. (“Vynleads”)
was incorporated as a Delaware corporation on July 15, 2015. We are a provider of health and wellness information principally targeted
to people who are pre-diabetes or who have type 2 diabetes. We provide information to our customers who are seeking to make healthy choices
by providing clear, generic blueprints, education, resources, and support. Our core product is our proprietary Lifestyle Blueprint, a
digital guide that provides dietary recommendations for a very low calorie eight-week diet together with information focusing on what,
how and how much a person eats, nutritional information and how a person’s body does and does not use food to enable our customers
to continue leading a more successful lifestyle. We also offer nutritional supplements and monthly subscriptions to our proprietary newsletter
which covers a wide variety of healthy living-related topics.

Our corporate headquarters
are located in Rock Hill, South Carolina.

Our accompanying unaudited condensed financial statements
have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim
financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of
the information and footnote disclosures required by U.S. GAAP for complete financial statements.

The unaudited interim condensed financial statements should be read
in conjunction with the audited financial statements and notes to the financial statements contained in our Annual Report on Form 10-K
for the year ended December 31, 2024 and with the information contained in our other publicly available filings with the Securities and
Exchange Commission. The condensed financial statements reflect all adjustments considered necessary for a fair presentation of the results
of operations and financial position for the interim periods presented. All such adjustments are of a normal recurring nature.

2.       Going
Concern

Our unaudited condensed financial statements have
been presented on the basis that we are a going concern, which contemplates the realization of assets and satisfaction of liabilities
in the normal course of business. Since July 15, 2015, the date of our inception, we have experienced recurring operating losses and negative
operating cash flows, and have financed our recent working capital requirements primarily through the issuance of debt and equity securities,
as well as borrowings from related parties. During the quarters ended March 31, 2025 and 2024,