$VHUB

VenHub Global, Inc.

CIK:0001972234|SEC Filings

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Total revenue	$ 86,614	$ 13,615	$ 154,450	$ 513,615
Cost of goods sold
Total cost of goods sold	299,244	6,829	363,391	330,217
Gross profit	(212,630)	6,786	(208,941)	183,398
Operating expenses
General and administrative expenses	8,987,723	1,450,630	12,879,863	10,187,664
Payroll and compensation	800,603	317,500	1,283,103	635,000
Research and development	182,603	131,016	271,318	432,371
Total operating expenses	9,970,929	1,899,146	14,434,284	11,255,035
(Loss) income from operations	(10,183,559)	(1,892,360)	(14,643,225)	(11,071,637)
Other expenses
Interest expense	578,062	120,000	11,795,411	228,033
Settlement expense	269,000	18,513,430	269,000	18,513,430
Change in fair value of convertible debt	(540,753)	3,849	391,442	65,414
Total other expenses	306,309	18,637,279	12,455,853	18,806,877
Income tax provision
Net loss	$ (10,489,868)	$ (20,529,639)	$ (27,099,078)	$ (29,878,514)
Loss per share
Loss per share basic	$ (0.12)	$ (0.73)	$ (0.32)	$ (1.04)
Loss per share diluted	$ (0.12)	$ (0.73)	$ (0.32)	$ (1.04)
Weighted average common shares outstanding
Weighted average common shares outstanding basic	86,302,690	28,169,261	83,719,758	28,765,414
Weighted average common shares outstanding diluted	86,302,690	28,169,261	83,719,758	28,765,414
Store sales
Revenue
Total revenue				$ 500,000
Product sales
Revenue
Total revenue	86,614	13,615	154,450	13,615
Store costs
Cost of goods sold
Total cost of goods sold	232,134		232,134	323,388
Product costs
Cost of goods sold
Total cost of goods sold	$ 67,110	$ 6,829	$ 131,257	$ 6,829

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) from continuing operations	$ (27,099,078)	$ (29,878,514)
Adjustments to reconcile net loss to net cash used in operating activities:
Share based compensation	8,366,728	7,913,639
Settlement expense	269,000	18,513,430
Payment of settlement expense	(269,000)
Non-cash interest expense related to note extension	11,300,000
Depreciation and amortization expense	142,322	27,952
Change in fair value of convertible debt	391,442	65,414
Change in operating assets and liabilities:
Inventory	(1,425,185)	(179,095)
Deferred offering cost		(88,704)
Repayment of promissory note	(2,550,930)
Interest payable	(148,331)	200,689
Prepaid expenses	(476,631)	(59,281)
Deferred revenue		1,750,000
Customer deposits	(41,645)	(1,000)
Security deposit	(64,101)	(55,000)
Change in operating right of use asset	62,838	(741,398)
Change in operating right of use liability	(113,056)	685,072
Accounts payable and accrued expenses	213,236	(150,272)
Sales tax payable	1,785	40,100
Sales tax receivable	(48,637)
Accrued payroll and compensation	343,160	404,000
Net cash (used) in operating activities	(11,146,083)	(1,552,968)
CASH FLOWS FROM INVESTING ACTIVITIES
Property and equipment, net	(210,508)	(483,154)
Net cash (used) in investing activities	(210,508)	(483,154)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from crowdfunding		221,050
Proceeds from convertible debt, net		650,000
Proceeds from stock purchase agreements	300,012
Proceeds from warrant issuance	18,865,000	3,500,000
Proceeds from related party notes	1,100,000
Repayment of convertible notes	(4,968,391)
Payment of offering costs	(1,466,225)
Net cash provided by financing activities	13,830,396	4,371,050
Net (decrease) increase in cash and cash equivalents	2,473,805	2,334,928
Cash and cash equivalents, beginning of period	89,634	1,352,892
Cash and cash equivalents, end of period	$ 2,563,439	$ 3,687,820

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 2,563,439	$ 89,634
Inventory (note 2)	2,447,132	1,021,947
Prepaid expenses	724,663	248,032
Sales tax receivable	48,637
Security deposit - current	2,000	2,000
Total current assets:	5,785,871	1,361,613
Non-current assets:
Security deposit	143,667	79,566
Property and equipment, net (note 2)	1,343,264	1,275,078
Right of use asset	844,867	907,705
Total non-current assets:	2,331,798	2,262,349
Total assets:	8,117,669	3,623,962
Current liabilities:
Accounts payable and accrued expenses	929,565	716,329
Interest payable - current	72,366	89,148
Sales tax payable	8,624	6,839
Customer deposits	162,000	203,645
Current operating lease liability	326,247	346,953
Deferrred revenue (note 2)	1,500,000	1,500,000
Accrued payroll and compensation (note 4)	2,457,647	2,114,487
Convertible debt at fair value (note 9)		4,576,949
Total current labilities:	7,556,449	10,554,350
Noncurrent liabilities:
Interest payable		131,549
Right of use liability	614,091	706,441
Promissory note (note 3)		2,550,930
Total noncurrent liabilities:	614,091	3,388,920
Total liabilities:	8,170,540	13,943,270
Commitments and contingencies: (note 3 and 6)
Stockholders’ deficit:
Common stock - $0.001 par value; 100,000,000 shares authorized; 90,392,857 shares issued and outstanding as of June 30, 2026 and 75,024,356 as of December 31, 2025	90,392	75,024
Additional paid-in capital	109,124,222	71,774,075
Accumulated deficit	(109,267,588)	(82,168,510)
Total stockholders’ equity (deficit):	(52,871)	(10,319,308)
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY:	8,117,669	3,623,962
Related Party
Current liabilities:
Loan payable - related party (note 4)	2,100,000	1,000,000
Preferred Stock A
Stockholders’ deficit:
Preferred stock, value
Preferred Stock B
Stockholders’ deficit:
Preferred stock, value	3	3
Preferred Stock C
Stockholders’ deficit:
Preferred stock, value	$ 100	$ 100