Home / Going-concern warnings / VITASPRING BIOMEDICAL CO. LTD.
Filed 2026-06-08 路 Form 10-K 路 Accession 0001640334-26-001019 nano
Price before filing: $0.0111 (2026-06-05 close, split/dividend-adjusted)
Market cap at flag: $2.3M (2026-06-08) 路 Latest: $6.6M (2026-10-12)
| Window | VSBC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +0.0% | +1.3% | -1.3% | 2026-07-08 |
| 90 days | +0.0% | +4.1% | -4.1% | 2026-09-08 |
| 180 days | pending | pending | until 2026-12-05 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"The Company's minimal cash balance, recurring operating losses, and significant working capital deficit raise substantial doubt about its ability to continue as a going concern within one year after the date that the financial statements are issued."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: independent auditor report in Form 10-K (period 2025-01-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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