Company: VYND
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001079973-25-001679
Chunk: 2

Company: Vynleads, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 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 condensed
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.

Cash

Cash includes cash on hand, is deposited at one
area bank and may exceed federally insured limits at times. We consider all highly liquid investments with a maturity of three months
or less when purchased to be cash equivalents. The carrying amounts reported in the balance sheets for cash approximate their fair value.

Holdback Receivable

Holdback receivable includes a merchant holdback
net of a reserve for refunds, which reserve is $0and $58as of September 30, 2025 and December 31, 2024, respectively.

Revenue Recognition

The Company accounts for revenue in accordance
with Financial Accounting Standards Board (FASB) and Accounting Standard Codification (ASC) Topic 606. Revenues are recognized when the
Company satisfies a performance obligation by transferring control of the promised goods or services to our customers at a point in time,
in an amount specified in the contract with our customer and that reflects the consideration the Company expects to be entitled to in
exchange for those goods or services. The Company also assesses our customer’s ability and intention to pay, which is based on a
variety of factors including our customer’s historical payment experience and financial condition.

We generate revenues primarily from (i) internet
content subscriptions and (ii) sales of nutritional supplements. Revenues are recognized upon the acceptance of subscription membership
or shipment