v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 8,795,783 $ 4,982,333
Prepaid expenses 208,180 336,687
Other current assets 158,619 119,301
Total current assets 9,162,582 5,438,321
Non-current assets    
Property and equipment, net 44,429 46,393
Intangible asset - shell company 314,191 314,191
Goods and service tax and other credits receivable 579,335 601,537
Prepaid insurance- long term portion 63,668 67,307
Right-of-use of asset, net 21,241 29,428
Total non-current assets 1,022,864 1,058,856
Total assets 10,185,446 6,497,177
Current liabilities    
Accounts payable and accrued expenses 1,122,271 1,286,683
Due to Affiliates 179,346 204,562
Operating lease liability - current portion 22,548 31,258
Salary and post-employment benefits payable 592,194 870,822
Other current liabilities 227,766 341,835
Total current liabilities 2,144,125 2,735,160
Total liabilities 2,144,125 2,735,160
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, 300,000,000 VHI shares authorized, 7,018,528 and 5,919,337 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 7,019 5,919
Additional paid in capital 95,381,758 90,078,579
Non-controlling interest in VTI; 20,000,000 common shares authorized, 1,481,598 and 1,481,598 shares issued and outstanding at March 31, 2026 and December 31, 2025 1,297,347 1,319,958
Accumulated deficit (88,526,485) (87,563,575)
Accumulated other comprehensive loss (118,318) (78,864)
Total stockholders’ equity 8,041,321 3,762,017
Total liabilities and stockholders’ equity $ 10,185,446 $ 6,497,177

Source

10-Q XBRL Zip