Company: VYND
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001079973-25-000779
Chunk: 5

Company: Vynleads, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 5
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 measurement date. The standard also prioritizes, within the measurement of fair value, the use of market-based
information over entity specific information and establishes a three-level hierarchy for fair value measurement based on the nature of
inputs used in the valuation of an asset or liability as of the measurement date.

The hierarchy established under ASC 820-10 gives the
highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to
unobservable inputs (Level 3). The three levels of the fair value hierarchy under ASC 820-10 are described below:

Level 1 - Pricing inputs are quoted prices
available in active markets for identical investments as of the reporting date. As required by ASC 820-10, we do not adjust the quoted
price for these investments, even in situations where we hold a large position and a sale could reasonably impact the quoted price.

Level 2 - Pricing inputs are quoted prices
for similar investments, or inputs that are observable, either directly or indirectly, for substantially the full term through corroboration
with observable market data. Level 2 includes investments valued at quoted prices adjusted for legal or contractual restrictions specific
to these investments.

Level 3 - Pricing inputs are unobservable
for the investment, that is, inputs that reflect the reporting entity’s own assumptions about the assumptions market participants
would use in pricing the asset or liability. Level 3 includes investments that are supported by little or no market activity.

The carrying amounts of our cash, holdback receivable,
prepaid expenses and other current assets, and accounts payable and accrued expenses approximate their fair values due to their short-term
maturities as of March 31, 2025 and December 31, 2024.

Recent Accounting Pronouncements

We have evaluated all issued but not yet effective
accounting pronouncements and determined that they are either immaterial or not relevant to us.

    9 
    VYNLEADS, INC.NOTES TO CONDENSED FINANCIAL STATEMENTSMarch 31, 2025(UNAUDITED) 

4.       Related
Party Transactions

On March 16, 2021, the Company
executed a note payable to Mr. Sergei Stetsenko, a member of our Board of Directors, in the amount of $15,000, interest accrues at 5%
per annum, unsecured, and due after six months of execution, or the date in which the Company sec