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VIP PLAY INC 10-Q Filings

VIPZ OTC Link

Every 10-Q that VIP PLAY INC (VIPZ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow VIPZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VIPZ filings page.

Rhea-AI Summary

VIP Play, Inc. reports results for the quarter and nine months ended March 31, 2026, showing a small asset base against heavy debt and continued losses. Total assets were $3,766 thousand, while liabilities reached $42,322 thousand, leaving stockholders’ deficit at $38,556 thousand.

The company recorded a net loss of $11,423 thousand for the quarter and $7,137 thousand for the nine-month period, driven by a net gaming loss, $2,093 thousand of quarterly operating expenses, and a $8,148 thousand loss from changes in derivative fair value. A related-party line of credit totaled $28,075 thousand, and derivative liabilities were $8,335 thousand.

Management discloses an accumulated deficit of $70,265 thousand, negative operating cash flows of $7,220 thousand for the nine months, and states that these conditions raise substantial doubt about the company’s ability to continue as a going concern. The filing also notes an unresolved dispute over a terminated West Virginia market access agreement and approximately $200 thousand in unauthorized player withdrawals from a software defect, of which about $30 thousand has been recovered.

Rhea-AI Summary

VIP Play, Inc. reported quarterly results for the period ended December 31, 2025, showing net income of $7.8 million for the quarter and $4.3 million for the six months, mainly from an $11.1 million non‑cash gain on derivative liabilities.

The core business remains weak, with gaming revenue of $72,000 for the quarter and a loss from operations of $2.4 million for the quarter and $5.3 million for six months. Cash was $241,000 plus $58,000 reserved for users, against a related‑party line of credit balance of $25.7 million and total stockholders’ deficit of $27.3 million.

The company discloses an accumulated deficit of $58.8 million, negative operating cash flow of $5.0 million for six months, and states that these conditions raise substantial doubt about its ability to continue as a going concern. VIP Play obtained interim approval for West Virginia i‑Gaming and sports wagering licenses but has not started operations there and is contesting a notice of termination and early termination fee under its West Virginia market access agreement.

Rhea-AI Summary

VIP Play, Inc. reported first‑quarter fiscal 2026 results. The company posted a net loss of $3.452 million (loss per share $0.05) on gaming revenues of $5 thousand, as operating expenses reached $2.681 million and net gaming loss totaled $186 thousand.

The balance sheet shows total assets of $3.779 million against total liabilities of $38.201 million, resulting in a stockholders’ deficit of $34.422 million. Cash was $311 thousand with an additional $187 thousand reserved for users. A related‑party line of credit stood at $22.486 million and the derivative liability was $11.148 million. The filing includes a going concern note citing “substantial doubt.”

Operating cash outflow was $2.471 million, partly offset by financing inflows of $2.735 million (including $2.900 million from the related‑party line and $100 thousand from a new convertible note). The company disclosed an August software defect leading to approximately $200 thousand in unauthorized withdrawals; $30 thousand has been recovered to date. Shares outstanding were 73,457,857 as of November 14, 2025.