Company: VYND
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001079973-25-000779
Chunk: 18

Company: Vynleads, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 18
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 31, 2025
and March 31, 2024 was $0.

Costs and Expenses

Total costs and operating expenses increased by $6,041
or 8% in the three months ended March 31, 2025 compared to the three months ended March 31, 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 $5,558 or 8% in the three months ended March 31, 2025 compared to the three months ended March 31, 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 three months ended March 31,
2025 was $80,970 compared to $80,616 for the three months ended March 31, 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 deficit at March 31, 2025 as compared to December 31, 2024.

    March 31,  
    December 31, 

    2025  
    2024 

     (unaudited)  

    Total current assets 
    $39,554  
    $87,203 
  
    Total current liabilities 
    $315,389  
    $314,568 
  
    Working capital deficit 
    $(275,835) 
    $(227,365)

The reduction in total current assets between the
periods primarily reflects a reduction in cash and 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 three months ended March 31, 2025 and 2024, we have reported net losses of $80,970 and $80,616,
respectively. As of March 31