$VIVC

VIVIC CORP.

CIK:0001703073|SEC Filings

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2026	Mar. 31, 2025	Mar. 31, 2026	Mar. 31, 2025
Defined Benefit Plan Disclosure [Line Items]
Total revenue				$ 44,243
Cost of revenue				128,584
Gross loss				(84,341)
Operating expenses
Share-based compensation	8,500	829,292	343,661	1,676,659
General and administrative	42,459	115,386	206,406	603,950
Total operating expenses	50,959	944,678	550,067	2,280,609
Loss from operations	(50,959)	(944,678)	(550,067)	(2,364,950)
Other income (expenses)
Interest expense, net	(856)	(6,817)	(5,425)	(22,091)
Other income (expenses), net		688	2,727	(110,221)
Total other expenses, net	(856)	(6,129)	(2,698)	(132,312)
Loss before income taxes	(51,815)	(950,807)	(552,765)	(2,497,262)
Income tax provision				738
Net loss	(51,815)	(950,807)	(552,765)	(2,498,000)
Other comprehensive item
Foreign currency translation gain (loss)	(528)	2,061	6,585	6,291
COMPREHENSIVE LOSS	$ (52,343)	$ (948,746)	$ (546,180)	$ (2,491,709)
Weighted average common stock outstanding
Basic	27,727,452	27,410,921	27,656,861	27,159,096
Diluted	27,727,452	27,410,921	27,656,861	27,159,096
Net loss per share of common stock – Basic	$ (0.002)	$ (0.03)	$ (0.02)	$ (0.09)
Net loss per share of common stock – Diluted	$ (0.002)	$ (0.03)	$ (0.02)	$ (0.09)
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total revenue
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total revenue				$ 44,243

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (552,765)	$ (2,498,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expenses	294	2,101
Stock compensation expenses	343,661	1,676,659
Changes in operating assets and liabilities:
Accounts receivable		15,384
Accounts receivable - related party		1,226,980
Note receivable		48,692
Deposit and prepayments	61,710	176,384
Deposit and prepayments- related party	22,833	(480,588)
Other receivables	9,103	(720)
Inventory	4,150
Accounts payable		(139,517)
Accounts payable - related party		(1,215,728)
Accrued liabilities and other payables	42,830	54,455
Deferred revenue	(154,257)	622,675
Tax payables	(82,137)	89
Net cash used in operating activities	(304,578)	(511,134)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties	1,539,785	556,048
Repayment to related parties	(711,574)	(278,535)
Repayment to loans	(552,257)	(138,457)
Proceeds from loans		123,073
Net cash provided by financing activities	275,954	262,129
Effect of exchange rate change on cash and cash equivalents	706	(231)
NET DECREASE IN CASH & CASH EQUIVALENTS	(27,918)	(249,236)
CASH & CASH EQUIVALENTS, BEGINNING OF THE PERIOD	41,903	310,859
CASH & CASH EQUIVALENTS, END OF THE PERIOD	13,985	61,623
Supplemental Cash Flows Information:
Cash paid for income tax
Cash paid for interest	$ 5,850	$ 22,142

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2026	Jun. 30, 2025
Current assets
Cash and cash equivalents	$ 13,985	$ 41,903
Other receivables		9,319
Inventory		4,249
Total current assets	1,030,986	1,346,322
Non-current assets
Due from related parties	1,707,076	2,512,934
Property and equipment, net		302
Total non-current assets	1,707,076	2,513,236
TOTAL ASSETS	2,738,062	3,859,558
Current liabilities
Accrued liabilities and other payables	320,123	277,566
Deferred revenue	540,748	698,691
Tax payable		84,100
Due to related parties	363,022	339,054
Short-term loan		565,456
Total current liabilities	1,223,893	1,964,867
Non-Current liabilities
SBA loan payable	87,500	87,500
Total non-current liabilities	87,500	87,500
TOTAL LIABILITIES	1,311,393	2,052,367
Commitments and contingencies
STOCKHOLDERS’ EQUITY
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 832,000 shares issued and outstanding as of March 31, 2026 and June 30, 2025	832	832
Common stock, $0.001 par value; 70,000,000 shares authorized; 27,678,419 shares issued and outstanding as of March 31, 2026, and 27,410,921 shares issued and outstanding as of June 30, 2025	27,755	27,540
Additional paid-in capital	7,699,091	7,533,648
Accumulated other comprehensive loss	(2,644)	(9,229)
Accumulated deficit	(6,298,365)	(5,745,600)
Total stockholders’ equity	1,426,669	1,807,191
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	2,738,062	3,859,558
Nonrelated Party [Member]
Current assets
Prepayments	280,340	354,705
Related Party [Member]
Current assets
Prepayments	$ 736,661	$ 936,146