$VTIX

Virtuix Holdings Inc.

CIK:0001606242|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
SALES	$ 767,300	$ 1,032,136
COST OF GOODS SOLD	540,142	856,059
GROSS PROFIT	227,158	176,077
OPERATING EXPENSES
Selling expenses	738,978	1,049,658
General and administrative expenses	3,080,778	959,392
Research and development expenses	309,375	208,716
TOTAL OPERATING EXPENSES	4,129,131	2,217,766
LOSS FROM OPERATIONS	(3,901,973)	(2,041,689)
OTHER INCOME (EXPENSE)
Loss on disposal of assets	(5,132)
Interest income	163	185
Other income	9,002
Loss on extinguishment of debt	(431,224)	(122,864)
Loss on derecognition of equity method investment	(40,619)
Change in fair value of derivative liabilities	349,128
Change in fair value of debt	23,222
Interest expense	(2,539,592)	(119,299)
Financing expense	(584,150)
TOTAL OTHER EXPENSE, NET	(3,219,202)	(241,978)
PROVISION FOR INCOME TAX	49,391	23,418
SHARE OF LOSS IN JOINT VENTURE		(70)
NET LOSS	$ (7,170,566)	$ (2,307,155)
Weighted average common shares outstanding:
Basic (in Shares)	0.22	0.28
Diluted (in Shares)	0.22	0.28
Net loss per share:
Basic (in Dollars per share)	$ 32,787,960	$ 8,259,732
Diluted (in Dollars per share)	$ 32,787,960	$ 8,259,732

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (7,170,566)	$ (2,307,155)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	142,953	158,776
Amortization of discount on notes payable	2,052,255	973
Amortization of loan costs	270,970	1,125
Credit loss expense	6,094	36,918
Lease expense - right of use operating	78,002	68,170
Stock-based compensation	619,857	10,897
Change in fair value of derivative liabilities	(349,128)
Change in fair value of debt	(23,222)
Loss on disposal of assets	5,132
Loss on derecognition of the equity method investment	40,619
Share of loss in joint venture		70
Warrant modification expense	584,150
Loss on extinguishment of debt	431,224	122,864
Stock issuance in exchange for services	103,080
Payments on operating leases	(91,244)	(82,591)
Due from related parties		21,345
(Increase) decrease in assets:
Prepaid expenses and other current assets	132,593	17,993
Accounts receivable	(92,208)	(53,222)
Other assets	36,289	810
Inventory	(184,762)	292,557
Increase (decrease) in liabilities:
Accounts payable	(59,502)	351,188
Accrued expenses	186,627	193,645
Gift card liability	(508)
Operating lease liabilities	13,242	14,421
Deferred revenue	(26,776)	(339,906)
CASH USED IN OPERATING ACTIVITIES	(3,294,829)	(1,491,122)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for purchases of property and equipment	(6,298)	(1,304)
Cash paid for purchases of intangibles	(4,949)	(2,192)
CASH USED IN INVESTING ACTIVITIES	(11,247)	(3,496)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of preferred stock		1,493,873
Payments on short-term notes payable	(4,603)	(110,992)
Payments on long-term notes payable	(140)	(134)
Proceeds from short-term notes payable		217,678
Warrants exercised	1,380,000	79
Equity issuance costs	(96,600)
CASH PROVIDED BY FINANCING ACTIVITIES	1,278,657	1,600,504
NET (DECREASE) INCREASE IN CASH	(2,027,419)	105,886
CASH AT BEGINNING OF PERIOD	9,471,288	477,908
CASH AT END OF PERIOD	7,443,869	583,794
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid	150	6,140
Enterprise income taxes paid to People’s Republic of China	1,093	1,316
Delaware franchise tax paid	48,298	22,102
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Debt extinguished for issuance of preferred stock		462,975
Reduction of debt and accrued interest through issuance of common stock	284,500
Issuance of common stock for debt extinguishment	$ 402,832

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Mar. 31, 2026
CURRENT ASSETS
Cash and cash equivalents	$ 7,443,869	$ 9,471,288
Receivables, net of allowance for credit losses	465,403	379,289
Inventory	1,373,385	1,188,623
Prepaids and other current assets	764,516	897,109
TOTAL CURRENT ASSETS	10,047,173	11,936,309
NONCURRENT ASSETS
Property and equipment	1,414,460	1,413,294
Less: accumulated depreciation	(1,066,258)	(1,034,984)
Net property and equipment	348,202	378,310
Intangibles	2,802,690	2,797,741
Less: accumulated amortization	(1,370,066)	(1,258,387)
Net intangibles	1,432,624	1,539,354
Investment in joint venture		40,619
Other assets	50,975	87,264
Right-of-use asset - operating	701,512	779,514
TOTAL NONCURRENT ASSETS	2,533,313	2,825,061
TOTAL ASSETS	12,580,486	14,761,370
CURRENT LIABILITIES
Accounts payable	662,290	721,792
Accrued expenses	588,772	559,517
Deferred revenue	639,551	666,327
Gift card liability	445,744	446,252
Current portion of notes payable, net of discount and unamortized deferred loan costs	9,658,998	5,328,477
Derivative liabilities at fair value	1,900,649	2,709,817
Current portion of EIDL loan	576	570
Lease liability - operating	256,966	286,702
TOTAL CURRENT LIABILITIES	14,153,546	10,719,454
LONG-TERM LIABILITIES
Notes payable, net of discount and unamortized deferred loan costs	1,039,518	2,428,835
EIDL loan	23,371	23,517
Lease liability, net of current portion - operating	444,546	492,812
TOTAL LONG-TERM LIABILITIES	1,507,435	2,945,164
TOTAL LIABILITIES	15,660,981	13,664,618
STOCKHOLDERS’ (DEFICIT) EQUITY
Additional paid-in capital	83,403,609	80,410,625
Accumulated deficit	(86,517,001)	(79,346,435)
TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY	(3,080,495)	1,096,752
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	12,580,486	14,761,370
Class A Common Stock
STOCKHOLDERS’ (DEFICIT) EQUITY
Common stock value	28,897	28,562
Class B Common Stock
STOCKHOLDERS’ (DEFICIT) EQUITY
Common stock value	$ 4,000	$ 4,000