Vivic Corp. has reported its financial results for the six months ending December 31, 2025, revealing a net loss of $500,950, a significant reduction from the $1,547,193 loss recorded during the same period in 2024. The company did not generate any revenue during the latest reporting period, compared to $44,243 in revenue from related parties in the previous year. The decrease in net loss is attributed to a substantial reduction in operating expenses, which fell to $499,108 from $1,335,931, primarily due to lower general and administrative costs and decreased share-based compensation.
The company's total assets decreased to $2,754,592 as of December 31, 2025, down from $3,859,558 at the end of June 2025. This decline was driven by a reduction in cash and cash equivalents, which dropped to $17,906 from $41,903, and a decrease in prepayments to related parties. Current liabilities also saw a significant reduction, falling to $1,193,747 from $1,964,867, largely due to a decrease in deferred revenue and short-term loans.
Strategically, Vivic Corp. has shifted its focus from the Taiwan market to operations in the United States and Southeast Asia, ceasing its activities in Taiwan due to regulatory challenges. The company is winding down its Taiwan operations, with completion expected by June 30, 2026. Additionally, Vivic Corp. divested its interest in Weiguan Ship, a subsidiary, in July 2023, which has been reflected in its financial statements as discontinued operations.
Operationally, the company has not reported any customer counts or user statistics for the current period. However, it has indicated plans to expand its yacht offerings and market presence, particularly in the U.S. and Southeast Asia. The company is actively pursuing additional financing to support its operations and is exploring opportunities to enhance its product lines and market reach. Despite the current financial challenges, management remains focused on securing funding and improving operational efficiencies to ensure the company's sustainability in the coming year.
About VIVIC CORP.
VIVIC Corp. is a Nevada holding company primarily engaged in the design, manufacture, and distribution of yachts, focusing on high-end, eco-friendly vessels. It operates through a Taiwan branch and owns a Hong Kong entity, serving global markets with a strong emphasis on yacht sales, chartering, and related marine activities. The company leverages strategic partnerships, outsourced manufacturing, and a premium brand to compete in the luxury and commercial yacht sectors.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.