$VSME

VS MEDIA Holdings Ltd

CIK:0001951294|SEC Filings
v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenues, net $ 7,521,447 $ 8,248,108 $ 7,991,103
Cost of revenues (5,738,306) (6,554,925) (6,351,394)
Gross profit 1,783,141 1,693,183 1,639,709
Operating expenses:      
Marketing expenses (973,598) (488,516) (218,895)
Share-based compensation (478,838) (946,444) (861,551)
General and administrative expenses (6,756,606) (7,162,954) (6,973,526)
Total operating expenses (8,209,042) (8,597,914) (8,053,972)
Loss from operations (6,425,901) (6,904,731) (6,414,263)
Other income (expense):      
Interest income 8,211 6,607 7,560
Interest income, related party 173,011
Interest expense (163,014) (409,884) (290,745)
Share of loss from equity investment (159,220)
Impairment on intangible assets (906,305)
Impairment on investments (100,444)
Impairment on goodwill (1,118,038)
Other income 80,063 15,086 103,006
Total other expenses, net (2,185,736) (388,191) (180,179)
Loss before income taxes (8,611,637) (7,292,922) (6,594,442)
Income taxes expense
Net loss (8,611,637) (7,292,922) (6,594,442)
Other comprehensive (loss) income      
Foreign currency translation adjustment (61,583) (137,033) 259,131
Total comprehensive loss $ (8,673,220) $ (7,429,955) $ (6,335,311)
Income (loss) per share - basic [1] $ (5.20) $ (46.08) $ (46.16)
Income (loss) per share - diluted [1] $ (5.20) $ (46.08) $ (46.16)
Weighted average number of ordinary shares outstanding - basic [1],[2] 1,655,965 158,283 142,858
Weighted average number of ordinary shares outstanding - diluted [1],[2] 1,655,965 158,283 142,858
[1] The consolidated financial statements have been adjusted to reflect the 1-for-20 reverse share split effective January 13, 2026.
[2] The consolidated financial statements have been adjusted to reflect the 1-for-20 reverse share split effective January 13, 2026.