# EDGAR Filing Document

**Accession Number:** 0001536089
**File Stem:** 0001493152-23-005478
**Filing Date:** 2023-2
**Character Count:** 56084
**Document Hash:** 850c565a650bba2e8da7bf16326db353
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-005478.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001493152-23-005478

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 38

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUAL INTERACTIVE TECHNOLOGIES CORP.
- **CENTRAL INDEX KEY:** 0001536089
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-190265
- **FILM NUMBER:** 23643572

**BUSINESS ADDRESS:**
- **STREET 1:** 600 17TH STREET
- **STREET 2:** SUITE 2800 SOUTH
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** (303) 228-7120

**MAIL ADDRESS:**
- **STREET 1:** 600 17TH STREET
- **STREET 2:** SUITE 2800 SOUTH
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MASCOTA RESOURCES CORP.
- **DATE OF NAME CHANGE:** 20111130

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q**

☒ Quarterly
 Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act Of 1934

**For the quarterly period end December 31, 2022**

☐ Transition Report Under Section 13 or 15(d) of the Securities Exchange Act Of 1934

For the transition period from __________ to __________

Commission File Number: None

**<u>VIRTUAL INTERACTIVE TECHNOLOGIES CORP.</u>**

(Exact name of registrant as specified in its charter)

---

| | |
|:---|:---|
| **nevada** | **36-4752858** |
| (State or other jurisdiction<br> of incorporation or organization) | (I.R.S. Employer<br> Identification No.) |

---

600 17<sup>th</sup> Street, Suite 2800 South

Denver, CO 80202

**(Address of principal executive offices, including Zip Code)**

(303) 228-7120

(Issuer's telephone number, including area code)

Check whether the issuer (1) has filed all reports required to be filed by section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a small reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "non-accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☐

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| None | N/A | N/A |

---

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: 8,312,784 shares of common stock as of February 16, 2023.

Virtual Interactive Technologies Corp.

Index

---

| | |
|:---|:---|
|  | Page |
| [Part I. Financial Information](#a_001) |  |
| &nbsp;&nbsp;&nbsp;[Item 1. Financial Statements](#a_001) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Consolidated Balance Sheets](#a_002) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Consolidated Statements of Operations](#a_003) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit)](#a_004) | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Unaudited Condensed Consolidated Statements of Cash Flows](#a_005) | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Notes to Unaudited Condensed Consolidated Financial Statements](#a_006) | 7-12 |
| &nbsp;&nbsp;&nbsp;[Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](#a_007) | 13-14 |
| &nbsp;&nbsp;&nbsp;[Item 4. Controls and Procedures](#a_008) | 14 |
| [Part II. Other Information](#a_009) |  |
| &nbsp;&nbsp;&nbsp;[Item 6. Exhibits](#a_010) | 15 |
| [Part III. Signatures](#a_011) | 16 |

---

Virtual Interactive Technologies Corp.

Condensed Consolidated Balance Sheets

As of December 31, 2022 and September 30, 2022

(UNAUDITED)

---

| | | |
|:---|:---|:---|
|  | December 31, 2022 | September 30, 2022 |
| ASSETS |  |  |
| CURRENT ASSETS: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $8860 | $36378 |
| &nbsp;&nbsp;&nbsp;Royalties receivable | 104509 | 83644 |
| &nbsp;&nbsp;&nbsp;Interest receivable | 4964 | 4586 |
| &nbsp;&nbsp;&nbsp;Note receivable | 25000 | 25000 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 1935451 | 1956215 |
| &nbsp;&nbsp;&nbsp;Total current assets | 2078784 | 2105823 |
| TOTAL ASSETS | $2078784 | $2105823 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
| CURRENT LIABILITIES: |  |  |
| Accounts payable and accrued liabilities | $33400 | $34591 |
| Note payable, related party | 741030 | 741030 |
| Interest payable, related party | 258410 | 223940 |
| Convertible notes payable, net of discounts | 375543 | 262686 |
| Interest payable | 50123 | 34129 |
| Total current liabilities | 1458506 | 1296376 |
| LONG-TERM LIABILITIES: |  |  |
| Note payable | 10000 | 10000 |
| Interest payable | 2272 | 2121 |
| Total long-term liabilities | 12272 | 12121 |
| Total liabilities | 1470778 | 1308497 |
| Commitments and contingencies |  |  |
| STOCKHOLDERS' EQUITY |  |  |
| Series A Preferred Stock, $0.01 par value; 10,000,000 authorized; 50,000 shares issued and outstanding | 500 | 500 |
| Series B Convertible Preferred Stock $0.01 par value; 10,000,000 authorized; 270,612 shares issued and outstanding | 2706 | 2706 |
| Common stock, $0.001 par value; 90,000,000 shares authorized, 8,312,784 shares issued and 8,271,534 shares outstanding at December 31, 2022, and 8,100,284 shares issued and 8,059,034 outstanding as of September 30, 2022 | 8271 | 8059 |
| Additional paid-in-capital | 8271118 | 7595246 |
| Treasury stock (41,250 shares, $0 cost) |  |  |
| Accumulated deficit | (7674589) | (6809185) |
| Total stockholders' equity | 608006 | 797326 |
| Total liabilities and stockholders' equity | $2078784 | $2105823 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Virtual Interactive Technologies Corp.

Condensed Consolidated Statements of Operations

For the three months ended December 31, 2022 and 2021

(UNAUDITED)

---

| | | |
|:---|:---|:---|
|  | For the three months ended, | For the three months ended, |
|  | December 31,<br>2022 | December 31,<br>2021 |
| Revenue – royalties | $42224 | $30392 |
| Gross profit | 42224 | 30392 |
| Operating expenses: |  |  |
| Professional fees | 712923 | 159112 |
| Marketing and advertising | 48042 | 35000 |
| General and administrative | 4038 | 3697 |
| Total operating expenses | 765003 | 197809 |
| Loss from operations | (722779) | (167417) |
| Other income (expense) |  |  |
| Other income | 378 | 454 |
| Amortization of debt discount | (112857) | (96063) |
| Interest expense, related party | (13971) | (15152) |
| Interest expense | (16145) | (7495) |
| Loss from foreign currency transactions | (30) | (379) |
| Total other income (expense) | (142625) | (118635) |
| Net loss | $(865404) | $(286052) |
| Loss per share, basic and fully diluted | $(0.10) | $(0.04) |
| Weighted average number of shares outstanding, basic and fully diluted | 8248925 | 6918545 |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Virtual Interactive Technologies Corp.

Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit)

For the three months ended December 31, 2022 and 2021

(UNAUDITED)

For the three months ended December 31, 2022

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Preferred Stock | Preferred Stock | Preferred Stock | Preferred Stock | | | | | | | |
|  | Series A | Series A | Series B Convertible | Series B Convertible | Common Stock | Common Stock | | Treasury Stock | Treasury Stock | | |
|  | Shares | Par Value | Shares | Par Value | Shares | Par Value | Additional<br>Paid In<br>Capital | Shares | Cost |<br>Accumulated<br>Deficit | Total Stockholders'<br>Equity<br>(Deficit) |
| Balance September 30, 2022 | 50000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | &nbsp;&nbsp;&nbsp;&nbsp;270612 | $&nbsp;&nbsp;&nbsp;&nbsp; 2706 | 8059034 | $&nbsp;&nbsp;&nbsp;&nbsp; 8059 | $7595246 | 41250 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | $(6809185) | $797326 |
| Common stock issued for services |  |  |  |  | 212500 | 212 | 312663 |  |  |  | 312875 |
| Warrants issued for services |  |  |  |  |  |  | 363209 |  |  |  | 363209 |
| Net loss | - | - | - | - | - | - | - | - | - | (865404) | (865404) |
| Balance, December 31, 2022 | 50000 | $500 | 270612 | $2706 | 8271534 | $8271 | $8271118 | 41250 | $- | $(7674589) | $608006 |

---

For the three months ended December 31, 2021

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Preferred Stock | Preferred Stock | Preferred Stock | Preferred Stock | | | | | |
|  | Series A | Series A | Series B Convertible | Series B Convertible | Common Stock | Common Stock | | | |
|  | Shares | Par Value | Shares | Par Value | Shares | Par Value | Additional<br>Paid-In<br>Capital |<br>Accumulated<br>Deficit | Total Stockholders'<br>Equity<br>(Deficit) |
| Balance, September 30, 2021 | 50000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500 | 595612 | $&nbsp;&nbsp;&nbsp;&nbsp;5956 | 6900284 | $&nbsp;&nbsp;&nbsp;&nbsp;6900 | $4518347 | $(5139076) | $(607373) |
| Common stock issued for services |  |  |  |  | 60000 | 60 | 92940 |  | 93000 |
| Net loss | - | - | - | - | - | - | - | (286052) | (286052) |
| Balance, December 31, 2021 | 50000 | $500 | 595612 | $5956 | 6960284 | $6960 | $4611287 | $(5425128) | $(800425) |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Virtual Interactive Technologies Corp.

Condensed Consolidated Statements of Cash flows

For the Three Months Ended December 31, 2022 and 2021

(UNAUDITED)

---

| | | |
|:---|:---|:---|
|  | For the three months ended, | For the three months ended, |
|  | December 31,<br>2022 | December 31,<br>2021 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(865404) | $(286052) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Amortization of warrants issued for prepaid services | 389896 |  |
| &nbsp;&nbsp;&nbsp;Amortization of common stock issued for prepaid services | 306952 | 93000 |
| &nbsp;&nbsp;&nbsp;Debt discount amortization | 112857 | 96063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and operating liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest receivable | (378) | (454) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royalties receivable | (20865) | (4519) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | (1191) | 1486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest payable, related party | 34470 | 15152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest payable | 16145 | 2029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities | (27518) | (83295) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net change in cash and cash equivalents | (27518) | (83295) |
| Cash and cash equivalents, beginning of period | 36378 | 251064 |
| Cash and cash equivalents, end of period | $8860 | $167769 |
| Supplemental disclosure of cash flow information: |  |  |
| &nbsp;&nbsp;&nbsp;Interest paid | $- | $5465 |
| &nbsp;&nbsp;&nbsp;Income taxes paid | $- | $- |
| Schedule of Non-Cash Investing and Financing Activities |  |  |
| &nbsp;&nbsp;&nbsp;Common stock issued for prepaid services | $312875 | $- |
| &nbsp;&nbsp;&nbsp;Warrants issued for prepaid services | $363209 | $- |

---

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

**VIRTUAL INTERACTIVE TECHNOLOGIES CORP.**

Notes to Unaudited Condensed Consolidated Financial Statements

For the Three Months Ended

December 31, 2022

**Note 1. Basis of Presentation**

While the information presented in the accompanying December 31, 2022 financial statements is unaudited, it includes all adjustments which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the periods presented in accordance with the accounting principles generally accepted in the United States of America ("US GAAP"). In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with US GAAP have been condensed or omitted. These financial statements should be read in conjunction with the Company's September 30, 2022 audited financial statements (and notes thereto). Operating results for the three months ended December 31, 2022 are not necessarily indicative of the results that can be expected for the year ending September 30, 2023.

The accompanying unaudited condensed consolidated financial statements herein contain the operations of Virtual Interactive Technologies Corp. (OTCPINK: VRVR), and its wholly-owned subsidiaries Advanced Interactive Gaming Inc. ("AIG Inc.") and Advanced Interactive Gaming Ltd. ("AIG Ltd") (collectively, the "Company" or "VIT"). All significant intercompany amounts have been eliminated.

**Note 2. Business**

Nature of Operations

The Company is a next generation game and metaverse developer that creates immersion experiences by harnessing the latest technologies, including Blockchain and digital assets. The Company's newly launched brand, Extrosive, is building a metaverse that replaces traditional boring financial experiences with a new paradigm, "global Prosperity space" (gPs). This new asset class dynamically augments global and local realities and builds communities of aligned financial values, virtuous economies, and a trusted network. The result would be a metaverse game for the glamourous world of Wall Street, High-Speed trading involving community building, quantified self, and NFTs – a pure adrenal rush! In addition, the Company continues to build on its successful catalog that includes Carmageddon Max Damage, Carmageddon Crashers, Interplanetary: Enhanced Edition, Catch & Release, and Worbitol. The Company also entered into a joint development partnership with Duane Lee "Dog" Chapman, of the "Dog The Bounty Hunter" fame, to develop and promote multiple games across several platforms. For more information, please visit www.vrvrcorp.com.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimated.

Cash Equivalents

The Company considers all highly liquid instruments purchased with original maturities of three months or less to be cash equivalents. The Company had no cash equivalents at December 31, 2022 or September 30, 2022.

Fair Value of Financial Instruments

The Company accounts for fair value measurements in accordance with accounting standard ASC 820-10-50, "*Fair Value Measurements."* ASC 820 defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows:

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| |
|:---|
| Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. |
| Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. |
| Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement. |

---

The Company's financial instruments consist of cash, royalties receivable, notes receivable and related accrued interest receivable, accounts payable and accrued expenses, and notes payable and related accrued interest payable. The carrying value of these financial instruments approximates fair value due to the short-term nature of the instruments.

Net Income (Loss) Per Share

In accordance with ASC 260 *"Earnings per Share,"* the basic net income (loss) per share ("EPS") is computed by dividing the net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS is computed by dividing the net loss available to common stockholders by the weighted average number of common shares outstanding adjusted on an "if-converted" basis (for convertible preferred stock). During the three months ended December 31, 2022 and 2021, the Company had 270,612 and 595,612 shares, respectively, of Series B Convertible Preferred stock issued and outstanding that are convertible into shares of common stock on a one-for-one basis. These potentially dilutive securities were excluded from the EPS computation due to their anti-dilutive effect resulting from the Company's net losses during the three months ended December 31, 2022 and 2021.

Foreign Currency

The Company's functional currency is the US dollar. With the exception of stockholders' equity (deficit), all transactions that are originally denominated in foreign currency are translated to US dollars by our international customers, on a monthly basis, when recognized by them and prior to paying royalties to the Company. All royalty revenues that are received and recognized by the Company are recorded in US dollars.

Foreign currency translation gains/losses are recorded in other accumulated comprehensive income ("AOCI") based on exchange rates prevalent on reporting dates for balance sheet items, and at weighted average exchange rates during the reporting period for the statement of operations. Foreign currency transaction gains/losses are recorded as other income (expense) in the period of settlement. No AOCI items were present during the three months ended December 31, 2022 and 2021, as all financial statement items were denominated in the US dollar. Losses from foreign currency transactions during the three months ended December 31, 2022 and 2021 totaled $30 and $379, respectively.

Concentration of Credit Risk

Some of our US dollar balances are held in a Bermuda bank that is not insured. As of December 31, 2022 and September 30, 2022, uninsured deposits in the Bermuda bank totaled $250 and $20,495, respectively. Our management believes that the financial institution is financially sound, and the risk of loss is low. The Company is in the process of migrating all of its banking to the institutions in the United States, which are insured by the FDIC up to $250,000.

Revenue Recognition

The Company follows the guidance contained in ASC 606, *"Revenue Recognition*." The core principle of ASC 606 is that an entity should recognize revenue to depict the transfer of goods of services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASC 606 outlines the following five-step revenue recognition model (along with other guidance impacted by this standard): (1) identify the contract with the customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations; (5) recognize revenue when or as the entity satisfies a performance obligation.

*Revenue - Royalties*

The Company enters into agreements with third-party developers that require us to make payments for game development and production services. In exchange for our payments, we receive the exclusive publishing and distribution rights to the finished game titles as well as, in some cases, the underlying intellectual property rights. The Company has several contracts with video game developers that entitle us to royalty streams as a percentage of revenues generated by the game sales, which vary from contract to contract. As of December 31, 2022, the Company has four royalty contracts with three developers that are generating royalty revenue.

Once a game has been developed and has met the terms of the underlying royalty agreement, the game is released for commercial sales. Per each contract, the Company will receive reports on a regular basis from the game developers' sales platforms that identify the amount of game sales, from which consideration expected to be collected from the commercial customers is computed based on the applicable royalty percentages. Royalty revenue is based on a percentage of net receipts as defined in each customer agreement and is recognized in accordance with the sale-based royalty provisions of ASC 606, which requires revenue recognition after the subsequent sales occur. The Company's performance obligation under each royalty contract as an investor in the game is complete once funds are advanced to the gaming developer. Subsequent consideration is then received by the Company from the developers in the amount of the Company's percentage fee of royalty income (net receipts) received by the customer. Net receipts include all gross revenues received by the customer as a result of sales of the games or related exploitation less certain taxes, refunds, manufacturing costs, freight, and other items specified in the underlying contract.

During the three months ended December 31, 2022 and 2021, the Company recognized revenue from royalties of $42,224 and $30,392, respectively.

*Royalties Receivable*

The Company provides an allowance for doubtful accounts equal to the estimated uncollectible royalties. The Company's estimate is based on historical collection experience and a review of the current status of royalties receivable. It is reasonably possible that the Company's estimate of the allowance for doubtful accounts will change and that losses ultimately incurred could differ materially from the amounts estimated in determining the allowance. The Company had royalties receivable of $104,509 and $83,644 at December 31, 2022 and September 30, 2022, respectively, and has determined that no allowance is necessary.

Going Concern

The accompanying consolidated financial statements have been prepared in conformity with US GAAP, which contemplates the Company's continuation as a going concern. The Company has not established profitable operations and has incurred significant losses since its inception. The Company's plan is to grow significantly over the next few years through strategic game development partnerships, through internal game development and through the acquisition of independent game development companies globally.

The Company has taken much of the cash flow from its first royalty agreement and has invested in royalty agreements for the development of several other video games. By continuing to reinvest these royalties into agreements to develop new games, along with actively managing corporate overhead, management's plan is to substantially increase its video game royalty portfolio and cash flow over the next several years. The Company intends to continue to grow its game portfolio over the next several years, focusing on console games, virtual reality games and mobile games.

There are no assurances that the Company will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or debt financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or debt financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available to the Company, it may be required to curtail or cease its operations.

Due to uncertainties related to these matters, there exists a substantial doubt about the ability of the Company to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.

New Accounting Pronouncements

The Company has evaluated all recently issued or enacted accounting pronouncements, and has determined that all such pronouncements either do not apply or their impact is insignificant to the financial statements.

**Note 3. Stockholders' Equity (Deficit)**

The Company's common stock is quoted under the symbol "VRVR" on the OTC Pink tier operated by OTC Markets Group, Inc. To date, an active trading market for the Company's common stock has not developed.

Treasury Stock

The Company accounts for treasury stock using the cost method. During the three months ended June 30, 2022, the Company acquired 41,250 shares at $0 cost of its then-issued and outstanding common stock pursuant to a claw-back provision in one of its notes payable (Note 4). At December 31, 2022 and September 30, 2022, the Company held these shares in treasury.

Common Stock

The Company is authorized to issue 90,000,000 shares of common stock at par value of $0.001. At December 31, 2022, the Company had 8,312,784 shares issued and 8,271,534 shares outstanding, with 41,250 shares held as treasury stock. At September 30, 2022, the Company had 8,100,284 shares issued and 8,059,034 shares outstanding, with 41,250 shares held as treasury stock.

On August 16, 2022, the Company entered into a one-year agreement with two groups to assist the Company with creating interactive gaming and entertainment experiences, including metaverse, utilizing blockchain and Non-Fungible Tokens, as well as assisting the Company with investor and public relations. As part of the agreement, each group received 225,000 shares which were valued at $2.10 per share and a total expense of $945,00 was recorded as prepaid expense and will be amortized over the life of the contract. The total expense recognized for the three months ended December 31, 2022 was $238,192. As of December 31, 2022, total prepaid stock expense amortized was $354,699, resulting in $590,301 remaining prepaid expense.

On October 26, 2022, the Company entered into a one-year agreement with a group to assist the Company with creating a customized positive investment image and communicate that image to the investment community. As part of the agreement, they received 200,000 shares which were valued at $1.49 per share and a total of $298,000 was recorded as prepaid expense and will be amortized over the life of the contract. The total expense recognized for the three months ended December 31, 2022 was $53,885 resulting in $244,115 remaining prepaid expense.

On November 28, 2022, the Company entered into a four-month agreement with a group to assist the Company with product awareness program and to conduct customer lead generation activities. Under the agreement the Company agreed to issue the group 12,500 shares during each month of the agreement. During the three months ended December 31, 2022, the Company issued 12,500 shares of common stock, which were valued at $1.19 per share. The total expense recognized for the three months ended December 31, 2022 was $14,875.

Preferred Stock

The Company is authorized to issue 10,000,000 each of Series A and B preferred shares at a par value of $0.01. Series A preferred shares are not convertible, whereas Series B preferred shares are convertible into common stock on a one-for-one basis at the option of the holder and there is no redemption feature.

At December 31, 2022 and September 30, 2022, the Company had 270,612, for both period presented, of Series B convertible preferred stock issued and outstanding.

Warrants

In connection with the August 16, 2022 agreements under "Common Stock" above, the Company issued one-year warrant to purchase 225,000 common shares at $1.00 and a two-year warrant to purchase 225,000 common shares at $1.00. On the date of the grant, the Company elected to treat the warrants as a single award, and valued the warrants at $1,286,308 using the Black-Scholes option pricing model with the following assumptions: expected life of the options of 1 and 2 years, expected volatility of 109.88%, risk-free rate of 3.28% and no dividend yield. The expense is being amortized over the life of the contract and a total of $324,220 was recognized for the three months ended December 31, 2022, resulting in $803,502 remaining as prepaid expense at December 31, 2022.

In connection with the October 26, 2022 agreement under "Common Stock" above, the Company issued a one-year warrant to purchase 200,000 common shares at $1.00 and a two-year warrant to purchase 200,000 common shares at $1.00. On the date of the grant, the Company elected to treat the warrants as a single award, and valued the warrants at $363,209 using the Black-Scholes option pricing model with the following assumptions: expected life of the options of 1 and 2 years, expected volatility of 111.16%, risk-free rate of 4.75% and no dividend yield. The expense is being amortized over the life of the contract and a total of $65,676 was recognized for the three months ended December 31, 2022, resulting in $297,533 remaining as prepaid expense at December 31, 2022.

The following table reflects a summary of Common Stock warrants outstanding and warrant activity during the year ended December 31, 2022:

---

| | | | |
|:---|:---|:---|:---|
|  | **Underlying**<br> **Shares** | **Weighted Average**<br> **Exercise Price** | **Weighted Average<br> Term (Years)** |
| Warrants outstanding at September 30, 2022 | 900000 | 1.00 | 1.38 |
| Granted | 400000 | 1.00 | 1.32 |
| Exercised |  |  |  |
| Forfeited | - | - | - |
| Warrants outstanding and exercisable at December 31, 2022 | 1300000 | $1.00 | 1.19 |

---

The intrinsic value of warrants outstanding as of December 31, 2022 was approximately $494,000.

**Note 4. Notes and Convertible Notes Payable**

On March 20, 2019, an unrelated individual loaned VRVR $10,000. The note carries a 6% interest rate and was initially payable March 20, 2020, and then amended on July 27, 2022 to mature on March 20, 2024. As of December 31, 2022 and September 30, 2022, the note balance was $10,000, and accrued interest on the note totaled $2,272 and $2,121, respectively.

On September 23, 2021, an unrelated third party loaned VRVR $235,000 that consisted of cash received by the Company in the amount of $217,375 and an original issue discount of $17,625. This discount was amortized over the life of the note commencing October 1, 2021. The note carried a 12.5% annual interest rate and matured on March 23, 2022. Under the terms of the agreement, the Company paid any accrued interest on a monthly basis. In addition, under the terms of the agreement, the Company issued 82,500 commitment shares to the holder at $2.00 per share and an expense of $165,000 was applied as an additional discount to the note and amortized over the life of the note. The Company had the right to redeem 41,250 of the commitment shares if the note was repaid on or before the maturity date. On September 30, 2021, principal and accrued interest totaled $235,000 and $571, respectively. On March 23, 2022, the note payable balance of $235,000 and unpaid interest of $1,958 were repaid in full in the amount of $236,958. During the period of October 1, 2021 through March 23, 2022, interest payments totaling $12,811 were made, resulting in $14,769 total interest payments during the nine months ended June 30, 2022, and $0 principal and interest balances at June 30, 2022. As a result of this repayment, 41,250 of the commitment shares were redeemed at $0 cost and are being held in treasury.

On March 15, 2022, an unrelated third party loaned VRVR $235,000 that consisted of cash received by the Company in the amount of $217,375 and an original issue discount of $17,625. This discount is being amortized over the life of the note commencing March 15, 2022. The note carries a 15% annual interest rate and matures on March 15, 2023. As of December 31, 2022 and September 30, 2022, the note balance was $235,000 and $235,000, respectively, and the accrued interest was $28,104 and $19,218, respectively. The note is convertible at a price of $1.25 per share.

On March 21, 2022, an unrelated third party, loaned VRVR $235,000 that consisted of cash received by the Company, on April 4, 2022, in the amount of $217,375 and an original issue discount of $17,625. This discount is being amortized over the life of the note commencing March 15, 2022. The note carries a 12% annual interest rate and matures on March 21, 2023. As of December 31, 2022 and September 30, 2022, the note balance was $235,000 and $235,000, respectively, and the accrued interest was $22,019 and $14,911, respectively. The note is convertible at a price of $1.25 per share.

Debt discount amortization on the above notes totaled $112,857 and $96,063 during the three months ended December 31, 2022 and 2021, respectively. Total unamortized debt discount totaled $94,457 and $207,314 at December 31, 2022 and September 31, 2022, respectively.

**Note 5. Related Party Transactions**

Note Payable, Related Party

On March 29, 2018, the Company issued a $750,000, unsecured promissory note to the Company's CEO for a potential acquisition and working capital. The note carries an interest rate of 6% per annum, compounding annually, and matures on December 31, 2022. All principal and interest are due at maturity and there is no prepayment penalty for early repayment of the note. As of December 31, 2022 and September 30, 2022, total balance on the debt was $741,030 and accrued interest totaled $258,410 and $223,940, respectively.

**Note 6. Note Receivable**

On December 11, 2019, the Company issued a $25,000, unsecured promissory note receivable to a non-related entity. The note carries an interest rate of 6% per annum and is due on demand. There is no prepayment penalty for early repayment of the note. As of December 31, 2022 and September 30, 2022 accrued interest was $4,964 and $4,586, respectively.

**Note 7. Subsequent Events**

The Company has evaluated other events subsequent to the balance sheet date through the date these financial statements were issued and determined that there are no events requiring disclosure.

---

| | |
|:---|:---|
| **ITEM 2.** | **MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS** |

---

***Cautionary Statement about Forward-Looking Statements***

This Form 10-Q contains forward-looking statements regarding future events and the Company's future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). These statements are based on current expectations, estimates, forecasts, and projections about the industry in which the Company operates and the beliefs and assumptions of the Company's management. Words such as "hopes," "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of the Company's future financial performance, and other characterizations of future events or circumstances are forward-looking statements.

The Company is under no duty to update any of these forward-looking statements after the date of this report. You should not place undue reliance on these forward-looking statements.

**EXECUTIVE OVERVIEW**

Virtual Interactive Technologies Corp. (OTCPINK: VRVR) ("VIT") or ("the Company") is a next generation game and metaverse developer that creates immersion experiences by harnessing the latest technologies, including Blockchain and digital assets. The Company's newly launched brand, Extrosive, is building a metaverse that replaces traditional boring financial experiences with a new paradigm, "global Prosperity space" (gPs). This new asset class dynamically augments global and local realities and builds communities of aligned financial values, virtuous economies, and a trusted network. The result would be a metaverse game for the glamourous world of Wall Street, High-Speed trading involving community building, quantified self, and NFTs – a pure adrenal rush! In addition, the Company continues to build on its successful catalog that includes Carmageddon Max Damage, Carmageddon Crashers, Interplanetary: Enhanced Edition, Catch & Release, and Worbitol. The Company also entered into a joint development partnership with Duane Lee "Dog" Chapman, of the "Dog The Bounty Hunter" fame, to develop and promote multiple games across several platforms. For more information, please visit www.vrvrcorp.com.

**<u>Results of Operations</u>**

The following discussion involves the results of operations for the three months ended December 31, 2022 and December 31, 2021.

*<u>For the Three Months Ended December 31, 2022 and 2021</u>*

Revenue increased from $30,392 for the three months ended December 31, 2021 to $42,224 for the three months ended December 31, 2022. Revenue was derived from royalty interests in five games, Carmageddon Max Damage, Carmageddon Crashers, Catch & Release, Interplanetary: Enhanced Edition and Worbital.

Operating expense for the three months ended December 31, 2022 and 2021 was $765,003 and $197,809, respectively. This increase was primarily due to professional fees incurred through issuances of stock and warrants that were associated with three vendor contracts.

Other income (expense) for the three months ended December 31, 2022 and 2021 was ($142,625) and ($118,635), respectively. This increase in expense was mainly due to non-cash transactions associated with the amortization of debt discount in the current period of $112,857 versus $96,063 for the three-month period ended December 31, 2021. The Company incurred interest expense associated with additional debt brought on in the second quarter of 2021. Interest expense recorded for the three months ended December 31, 2022 and 2021 was $16,145 and $7,495, respectively. Interest expense recorded for related parties for the three months ended December 31, 2022 and 2021 was $13,971 and $15,152, respectively.

For the three months ended December 31, 2022 we recorded a net loss of $865,404. For the three months ended December 31, 2021, we recorded a net loss of $286,052. The increase in loss of $579,352 was mainly associated with additional general and administrative expenses identified above, and debt discount amortization and interest expense associated with our related party and convertible notes payable.

**Liquidity and Capital Resources**

As of December 31, 2022, we had cash and cash equivalents of $8,860. As of September 30, 2022, we had cash and cash equivalents of $36,378. Working capital was 620,278 as of December 31, 2022 compared to $809,447 at September 30, 2022. The decrease in working capital of $189,169 was primarily the result of vendor contracts associated with stock and warrants issued for services. The respective expense was recorded as a prepaid asset and amortized over the life of the contract.

***<u>Cash Flows from Operating Activities:</u>***

Net cash used in operating activities for the three months ended December 31, 2022 and 2021 was $27,518 and $83,295, respectively. The change over the two periods presented was $55,777.

Changes in operating activities for the three months ended December 31, 2022 included a decrease in accounts payable and accrued liabilities of $1,191 and increases in interest receivable of $378, royalties receivable of $20,865, interest payable, related party of $34,470, and interest payable of $16,145. The Company also had non-cash expenses of $306,952 and $389,896 in amortization of stock and warrants, respectively, issued for prepaid services, and debt discount amortization of $112,857.

Changes in operating activities for the three months ended December 31, 2021 included increases in royalty receivable of $4,519, interest receivable of $454, accounts payable and accrued liabilities of $1,486, interest payable, related party of $15,152, and interest payable of $2,029. The Company also had non-cash expenses of $93,000 in amortization of stock issued for prepaid services and debt discount amortization of $96,063.

---

| | |
|:---|:---|
| **ITEM 4.** | **CONTROLS AND PROCEDURES** |

---

Disclosure Controls and Procedures

We carried out an evaluation of the effectiveness of our disclosure controls and procedures as of December 31, 2022. This evaluation was carried out under the supervision and with the participation of our management, including our Chief Executive and Financial Officer.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized, and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in our company's reports filed under the Securities Exchange Act of 1934 is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

Based upon that evaluation, our Chief Executive and Financial Officer concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this report.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during the three months ended December 31, 2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

**PART II**

**Item 6. Exhibits**

**Exhibits**

---

| | |
|:---|:---|
| 3.1 | [Articles of Incorporation (1)](https://www.sec.gov/Archives/edgar/data/1536089/000139390513000384/masc_3-1.htm) |
| 3.2 | [Amended Articles of Incorporation (1)](https://www.sec.gov/Archives/edgar/data/1536089/000139390513000384/masc_3-2.htm) |
| 3.3 | [Bylaws (1)](https://www.sec.gov/Archives/edgar/data/1536089/000139390513000384/masc_3-3.htm) |
| 31.1\* | [Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act](ex31-1.htm) |
| 31.2\* | [Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act](ex31-2.htm) |
| 32.1\* | [Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act](ex32-1.htm) |
| 32.2\* | [Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act](ex32-2.htm) |
| 101.INS | Inline XBRL Instance Document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

(1) Incorporated by reference to the same exhibit filed with the Company's registration statement on Form S-1 (File #333-190265).

\* Provided herewith

**SIGNATURES**

In accordance with Section 13 or 15(d) of the Exchange Act, the Registrant has caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized on the 17th day of February 2023.

---

| | |
|:---|:---|
| **VIRTUAL INTERACTIVE TECHNOLGIES CORP.** | **VIRTUAL INTERACTIVE TECHNOLGIES CORP.** |
| By: | */s/ Jason D. Garber* |
|  | Jason D. Garber |
|  | Principal Executive Officer |
| By: | */s/ Janelle Gladstone* |
|  | Janelle Gladstone |
|  | Principal Financial and Accounting Officer |

---

## Exhibit 31.1

**Exhibit 31.1**

**CERTIFICATION**

I, Jason D. Garber, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I
 have reviewed this quarterly report on Form 10-Q of Virtual Interactive Technologies Corp.;

2. Based
 on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
 to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to
 the period covered by this report;

3. Based
 on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
 respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in
 this report;

4. The
 registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures
 (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange
 Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed
 such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
 to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
 within those entities, particularly during the period in which this report is being prepared;

b) Designed
 such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our
 supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
 for external purposes in accordance with generally accepted accounting principles;

c) Evaluated
 the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about
 the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
 and

d) Disclosed
 in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's
 most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an quarterly report) that has materially
 affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The
 registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial
 reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing
 the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All
 significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are
 reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information;
 and

b) Any
 fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
 internal control over financial reporting.

---

| | |
|:---|:---|
| February 17, 2023 | */s/ Jason D. Garber* |
|  | Jason D. Garber |
|  | Principal Executive Officer |

---

## Exhibit 31.2

**Exhibit 31.2**

**CERTIFICATIONS**

I, Janelle Gladstone, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I
 have reviewed this quarterly report on Form 10-Q of Virtual Interactive Technologies Corp.;

2. Based
 on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
 to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to
 the period covered by this report;

3. Based
 on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
 respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in
 this report;

4. The
 registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures
 (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange
 Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed
 such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
 to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
 within those entities, particularly during the period in which this report is being prepared;

b) Designed
 such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our
 supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
 for external purposes in accordance with generally accepted accounting principles;

c) Evaluated
 the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about
 the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;
 and

d) Disclosed
 in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's
 most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an quarterly report) that has materially
 affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The
 registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial
 reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing
 the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All
 significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are
 reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information;
 and

b) Any
 fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
 internal control over financial reporting.

---

| | |
|:---|:---|
| February 17, 2023 | */s/ Janelle Gladstone* |
|  | Janelle Gladstone |
|  | Principal Financial Officer |

---

## Exhibit 32.1

**Exhibit 32.1**

**CERTIFICATION PURSUANT TO**

**18 U.S.C. SECTION 1350**

**AS ADOPTED PURSUANT TO SECTION 906**

**OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Quarterly Report on Form 10-Q for the period ending December 31, 2022 of Virtual Interactive Technologies Corp., a Nevada corporation (the "Company"), as filed with the Securities and Exchange Commission (the "Quarterly Report"), Jason D. Garber, the Principal Executive and Financial Officer of the Company, certifies, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of his knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. This
 Quarterly Report fully complies with the requirements of Section 13(a) or15(d) of the Securities and Exchange Act of 1934, as amended;
 and

2. The
 information contained in this Quarterly Report fairly presents, in all material respects, the financial condition and results of
 operation of the Company.

---

| | |
|:---|:---|
| February 17, 2023 |  |
|  | */s/ Jason D. Garber* |
|  | Jason D. Garber |
|  | Principal Executive Officer |

---

## Exhibit 32.2

**Exhibit 32.2**

**CERTIFICATION PURSUANT TO**

**18 U.S.C. SECTION 1350**

**AS ADOPTED PURSUANT TO SECTION 906**

**OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Quarterly Report on Form 10-Q for the period ending December 31, 2022 of Virtual Interactive Technologies Corp., a Nevada corporation (the "Company"), as filed with the Securities and Exchange Commission (the "Quarterly Report"), James W. Creamer III, the Principal Executive and Financial Officer of the Company, certifies, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of his knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. This
 Quarterly Report fully complies with the requirements of Section 13(a) or15(d) of the Securities and Exchange Act of 1934, as amended;
 and

2. The
 information contained in this Quarterly Report fairly presents, in all material respects, the financial condition and results of
 operation of the Company.

---

| | |
|:---|:---|
| February 17, 2023 |  |
|  | */s/ Janelle Gladstone* |
|  | Janelle Gladstone |
|  | Principal Financial Officer |

---