Company: VYND
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001079973-25-000779
Chunk: 2

Company: Vynleads, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 2
---
IAL STATEMENTSMarch 31, 2025(UNAUDITED) 

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 and cash equivalents approximate their
fair value.

Holdback Receivable

Holdback receivable includes a merchant holdback net
of a reserve for refunds, which reserve is $58 and $58 as of March 31, 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
of nutritional supplements, provided that an order has been received or a contract executed, there are no uncertainties regarding customer
acceptance, the sales price is fixed or determinable and collection is deemed reasonably assured. If uncertainties regarding customer
acceptance exist, we recognize revenues when those uncertainties are resolved, and title has been transferred to the customer. Amounts
collected or billed prior to satisfying the above revenue recognition criteria are recorded as deferred revenue.

There was no revenue for the three months ended March
31, 2025 and March 31, 2024.

Shipping and Handling Costs

We include shipping and handling fees billed to customers
as revenue and shipping and handling costs for shipments to customers as cost of revenue.

    7 
    VYNLEADS, INC.NOTES TO CONDENSED FINANCIAL STATEMENTSMarch 31, 2025(UNAUDITED) 

Loss Per Share

Basic loss per common share is computed by dividing
net loss by the weighted-average number of common shares outstanding during the period. Diluted