Overview
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- TickerVIIQ on OTC1
- IndustryServices-Prepackaged Software1
- HeadquartersMinneapolis, Minnesota1
- Incorporated inNV3
- Business address729 N. Washington Avenue, Suite 600, Minneapolis, Mn 554013
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation
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VisitIQ improves match rates, lowers customer acquisition costs, and increases the return on every marketing dollar spent.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue46¢$1.2M
- Other costs53¢$1.4M
- Income tax1¢$19.9K
Out of $2.6M in revenue.6 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Data revenue | $2.2M | $2.1M |
| Media activation revenue | $423.1K | $938.8K |
| Total revenue | $2.6M | $3.0M |
| Data cost of sales | $1.1M | $2.0M |
| Media activation cost of sales | $148.4K | $978.1K |
| Total cost of sales | $1.2M | $3.0M |
| Gross profit (loss) | $1.4M | -$1.2K |
| Legal and professional fees | $417.0K | $1.5M |
| Personnel expenses | $3.1M | $3.9M |
| General and administrative costs | $540.4K | $670.7K |
| Sales & marketing expenses | $73.0K | $93.2K |
| Depreciation and amortization expense | $1.5M | $1.3M |
| Credit losses expense | $187.0K | $220.3K |
| Stock-based compensation expense - primarily related party (see Notes 12 and 13) | $2.9M | |
| Impairment losses on equity investments | $16.0K | |
| Loss on disposition of software assets | $377.1K | |
| Total operating expenses | $8.7M | $8.1M |
| Interest expense | -$775.7K | -$2.6M |
| Interest income | $18.8K | |
| Gain on exchange of convertible notes payable for Series B convertible preferred stock | $442.6K | |
| Loss recognized upon dissolution of DrivenIQ | -$481.7K | |
| Net loss before allowance for income taxes | -$8.1M | -$10.7M |
| Income tax expense | $19.9K | |
| Net loss | -$8.2M | -$10.7M |
| Net loss attributable to the non-controlling interest | $187.8K | $2.0M |
| Net loss attributable to VisitIQ Corp. | -$8.0M | -$8.7M |
| Preferred stock cumulative dividends | -$979.2K | -$459.9K |
| Net loss attributable to common stockholders | -$8.9M | -$9.1M |
| Basic net loss per share | -$3.16 | -$1.67 |
| Diluted net loss per share | -$3.16 | -$1.67 |
| Basic | 2.8M shares | 5.5M shares |
| Diluted | 2.8M shares | 5.5M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-08-31 | 2024-08-31 | 2023-08-31 |
|---|---|---|---|
| Cash | $107.6K | $386.0K | |
| Accounts receivable, net of allowance for credit losses of approximately $121,000 and $47,000, respectively | $209.8K | $210.8K | $566.9K |
| Prepaid expenses and other current assets | $95.6K | $19.2K | |
| Notes receivable | $625.0K | ||
| Total current assets | $412.9K | $1.2M | |
| Equity method investments | $25.0K | $25.0K | |
| Equity investments | $84.0K | $84.0K | |
| Total investments | $109.0K | $109.0K | |
| Internally developed software | $5.2M | $3.9M | |
| Less: accumulated amortization | -$3.1M | -$1.7M | |
| Total intangible assets | $2.1M | $2.3M | |
| Goodwill | $349.3K | $349.3K | |
| Total assets | $3.0M | $4.0M | |
| Accounts payable | $1.7M | $1.2M | |
| Accrued expenses | $240.9K | $449.7K | |
| Deferred revenue | $32.8K | $109.0K | |
| Accrued interest (See Note 8) | $63.4K | $2.2M | |
| Other notes payable (See Note 3) | $111.9K | ||
| Convertible notes payable (See Note 8) | $2.1M | $19.5M | |
| Total current liabilities | $4.2M | $23.5M | |
| Mezzanine equity - Series B convertible preferred stock | $12.8M | $4.3M | |
| Common stock | $2.1K | $5.5K | |
| Additional paid-in capital | $17.9M | ||
| Accumulated deficit | -$32.0M | -$23.5M | |
| Total deficit attributable to VisitIQ Corp. | -$14.0M | -$23.5M | |
| Non-controlling interest | -$293.9K | ||
| Total stockholders deficit | -$14.0M | -$23.8M | -$13.2M |
| Total liabilities and stockholders deficit | $3.0M | $4.0M | |
| Accounts receivable, net of allowance for credit losses | $121.0K | $47.0K |
| Period ending | 2025-08-31 | 2024-08-31 | 2023-08-31 |
|---|---|---|---|
| Cash | $107.6K | $386.0K | |
| Accounts receivable, net of allowance for credit losses of approximately $121,000 and $47,000, respectively | $209.8K | $210.8K | $566.9K |
| Prepaid expenses and other current assets | $95.6K | $19.2K | |
| Notes receivable | $625.0K | ||
| Total current assets | $412.9K | $1.2M | |
| Equity method investments | $25.0K | $25.0K | |
| Equity investments | $84.0K | $84.0K | |
| Total investments | $109.0K | $109.0K | |
| Internally developed software | $5.2M | $3.9M | |
| Less: accumulated amortization | -$3.1M | -$1.7M | |
| Total intangible assets | $2.1M | $2.3M | |
| Goodwill | $349.3K | $349.3K | |
| Total assets | $3.0M | $4.0M | |
| Accounts payable | $1.7M | $1.2M | |
| Accrued expenses | $240.9K | $449.7K | |
| Deferred revenue | $32.8K | $109.0K | |
| Accrued interest (See Note 8) | $63.4K | $2.2M | |
| Other notes payable (See Note 3) | $111.9K | ||
| Convertible notes payable (See Note 8) | $2.1M | $19.5M | |
| Total current liabilities | $4.2M | $23.5M | |
| Mezzanine equity - Series B convertible preferred stock | $12.8M | $4.3M | |
| Common stock | $2.1K | $5.5K | |
| Additional paid-in capital | $17.9M | ||
| Accumulated deficit | -$32.0M | -$23.5M | |
| Total deficit attributable to VisitIQ Corp. | -$14.0M | -$23.5M | |
| Non-controlling interest | -$293.9K | ||
| Total stockholders deficit | -$14.0M | -$23.8M | -$13.2M |
| Total liabilities and stockholders deficit | $3.0M | $4.0M | |
| Accounts receivable, net of allowance for credit losses | $121.0K | $47.0K |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Net loss | -$8.2M | -$10.7M |
| Depreciation and amortization expense | $1.5M | $1.3M |
| Amortization of debt discount | $315.0K | $1.3M |
| Provision for credit losses | $74.3K | $46.8K |
| Gain on debt exchange for series B convertible preferred stock | -$442.6K | |
| Loss recognized upon dissolution of DrivenIQ | $481.7K | |
| Stock-based compensation expense - primarily related party (see Notes 12 and 13) | $2.9M | |
| Loss on disposal of fixed assets | $16.2K | |
| Realized and unrealized loss on equity investments | $16.0K | |
| Settlement of lease liability with equity method investment | $256.2K | |
| Write-off of notes receivable | $30.6K | |
| Loss on disposition of software asset | $377.1K | |
| (Increase) decrease in accounts receivable | -$73.3K | $309.2K |
| Decrease in prepaid expenses and other current assets | $7.6K | $6.4K |
| Increase in accounts payable and accrued liabilities | $376.4K | $969.2K |
| Increase in accrued interest | $460.7K | $1.3M |
| Increase (decrease) in deferred revenue | -$76.2K | $109.0K |
| Net cash used in operating activities | -$2.6M | -$4.7M |
| Capitalized software development costs | -$1.3M | -$1.1M |
| Payments received on notes receivable | $625.0K | |
| Issuance of notes receivable | $0 | -$30.6K |
| Net cash used in investing activities | -$662.6K | -$1.1M |
| Payment on other notes payable | -$111.9K | |
| Issuance of convertible notes payable | $3.2M | |
| Payments on insurance financing arrangement | -$84.2K | |
| Issuance of convertible notes payable with common stock warrants | $5.3M | |
| Net cash provided by financing activities | $3.0M | $5.3M |
| Net decrease in cash | -$278.4K | -$463.4K |
| Exchange of convertible notes payable and accrued interest for Series B convertible preferred stock | $23.5M | |
| Exchange of Series B convertible preferred stock for Series C convertible stock | $15.0M | |
| Exchange of common stock for Series B convertible preferred stock | $480.4K | |
| Insurance financing agreement | $101.9K | |
| Equity method investment used to settle lease liability | $256.2K | |
| Issuance of notes payable to settle accounts payable | $111.9K |
No quarter-by-quarter statement was filed.
What it owns
What VisitIQ Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Computer equipment and software | $5.2M6 Aug 31, 2025 | $3.9M6 Aug 31, 2024 | +32.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Stakes in other companies (equity method) | $25.0K6 Aug 31, 2025 | $25.0K6 Aug 31, 2024 | 0% |
Intangibles and goodwill
Leadership
Who has led VisitIQ Corp., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief financial officerMichael P. Toups Apr 11, 2011 to Apr 11, 20117
Board members and other officers (8)
- Executive Vice PresidentHegui Zhao Apr 11, 2011 to Apr 11, 20118
- Executive Vice PresidentPan Mingxiao Apr 11, 2011 to Apr 11, 20119
- Vice PresidentRen Xudong Apr 11, 2011 to Apr 11, 201110
- Cheif Executive OfficerRen Zhiqing Apr 11, 2011 to Apr 11, 201111
- Board memberDora Dong Apr 11, 2011 to Apr 23, 201312
- Board memberFengmei Ying Apr 11, 2011 to Apr 11, 201113
- Board memberPan Mingxiao Apr 11, 2011 to Apr 11, 20119
- Board memberRen Zhiqing Apr 11, 2011 to Apr 11, 201111
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- VisitIQ, LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Filings
10 filings to the SEC since October 2021: 2 annual reports, 1 private raises, 7 other. The latest 10:
- May 26, 202610-K/A EDGAR
- May 20, 202610-K EDGAR
- Nov 12, 2025D EDGAR
- Nov 29, 2023RW EDGAR
- Jul 6, 2023S-1/A EDGAR
- Jun 21, 2023RW EDGAR
- May 30, 2023S-1 EDGAR
- Oct 14, 2022S-1/A EDGAR
- Aug 12, 2022S-1/A EDGAR
- May 3, 2022S-1 EDGAR
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $391.0K
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2025 | $391.0K | $391.0K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How VisitIQ Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVisitIQ Corp.1
- CIK0001470129
- Employer ID (EIN)86-24651175
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inNevada5
- Fiscal year endsAugust 311
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address729 N. Washington Avenue, Suite 600, Minneapolis, MN 554011
- Phone651-295-75831
- Shares outstanding2,133,236 shares as of Apr 30, 20265
- Public float$234.0K as of Feb 28, 20255
- AuditorBoulay PLLP, Minneapolis, Minnesota PCAOB ID 5425
- On EDGAR sinceSep 24, 20091
- Filings65 in all: 8-K (17), 10-Q (10), 3 (8), S-1/A (6), 10-K (4), CORRESP (4), 4 (3), S-1 (3)1
All 15 form types
UPLOAD (3), RW (2), 10-K/A (1), 15-12G (1), 8-A12G (1), D (1), EFFECT (1)
- Latest filingsAnnual report (10-K) May 20, 2026
Quarterly report (10-Q) Jan 14, 2013
Latest 8-K (8-K) Apr 3, 2013
Risk factors and legal proceedings
The risks VisitIQ Corp. names in Item 1A of its 10-K filed May 20, 2026: 37 risks under these headings, as written.5
- Risks Related to Our Business and Our Industry
- Our success and revenue growth depends on our ability to add and retain customers.
- We are subject to payment-related risks if customers dispute, do not pay their invoices, or decrease their amount of spend due to unforeseen downturns in their financial condition. Any decreases or significant delays in payments could have a material adverse effect on our business, operating results and financial condition. These risks may be heightened during economic downturns or customer impacts from such downturns, including supply chain disruptions or shortages.
- We may experience fluctuations in our operating results which could make our future operating results difficult to compare and predict. Consequently, we may not be able to meet our expectations or those of securities analysts and investors.
- If we do not manage our growth effectively, the quality of our platform and solutions may suffer, and our business, operating results and financial condition may be adversely affected.
- Our industry is intensely competitive, and if we do not effectively compete against current and future competitors or fail to innovate and make the right investment decisions in our product offerings and platform, our business, operating results and financial condition could be harmed.
- Our success depends on our ability to retain key members of our management team, and on our ability to hire, train, retain and motivate new employees.
- Acquisitions or strategic investments could be difficult to identify and may divert the attention of management and disrupt our business, dilute stockholder value and adversely affect our business, operating results and financial condition.
- We may be adversely affected by the effects of inflation.
- If we are not able to maintain and enhance our reputation and brand recognition, our business, financial conditions and results of operations will be harmed.
- We may not be able to add new customers, retain existing customers, or increase sales to existing customers, which could adversely affect our business, results of operations, and financial condition.
- The estimates of market opportunity and forecasts of market growth included in this Annual Report may prove to be inaccurate, and even if the markets in which we compete achieve the forecasted growth, our business may not grow at similar rates, or at all.
The other 26 risks
- AI and Machine Learning are emerging technologies and involve significant risks and uncertainties.
- The risk of non-compliance with laws and regulations, including, but not limited to, the risk of changes to laws and regulations, could adversely affect our business.
- Risks Related to Our Indebtedness, Liquidity and Financial Position
- We will need additional capital in the future to meet our financial obligations and to pursue our business objectives. Additional capital may not be available on favorable terms, or at all, which could compromise our ability to meet our financial obligations and grow our business.
- Risks Related to Certain Tax Matters
- Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited.
- Risks Related to Public Reporting Matters and an Investment in Our Common Stock
- We may issue additional equity or debt securities in the future in order to raise capital. Additional issuances of equity securities would dilute the investment of our current stockholders and could cause the market price of our common stock to decline, and we may also expend substantial funds to satisfy a portion of our tax withholding and remittance obligations that arise upon the vesting and/or settlement of certain of our option awards, which may have an adverse effect on our financial condition and results of operations.
- The nature of our business requires the application of accounting guidance that requires management to make estimates and assumptions. Reported results under GAAP may vary from key metrics used to measure our business. Additionally, changes in accounting guidance may cause us to experience greater volatility in our quarterly and annual results.
- If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
- Anti-takeover provisions contained in our charter documents and Nevada law could prevent a takeover that stockholders consider favorable and could also reduce the market price of our stock.
- Risks Related to Our Financial Position and Need for Additional Capital
- We are an early-stage company with a history of operating losses and may not maintain profitability in the future.
- We expect to require additional capital to fund our operations in the near-term, and this capital might not be available on acceptable terms, if at all.
- We have historically invested in engineering and development efforts that further enhance our products. Such investments may affect our operating results and liquidity, and, if the return on these investments is lower or develops more slowly than we expect, our revenue and operating results may suffer.
- Risks Related to Data Collection and Security, Intellectual Property and Technology Industry Regulations
- The technology industry is subject to increasing scrutiny that could result in U.S. government actions that could negatively affect our business.
- Our business and the effectiveness of our platform depends on our ability to collect and use online data. New tools used by consumers to limit data collection, regulatory restrictions and potential changes to web browsers and mobile operating systems affect our ability to collect such data, which could harm our operating results and financial condition.
- Actual or perceived failures to comply with applicable data protection, privacy and security laws, regulations, standards and other requirements could adversely affect our business, results of operations, and financial condition and the price of our common stock.
- Our intellectual property rights may be difficult to enforce and protect, which could enable others to copy or use aspects of our technology without compensating us, thereby eroding our competitive advantage and having an adverse effect on our business, results of operations and financial condition.
- Any unfavorable publicity or negative public perception of current data collection practices could in the future harm our business, results of operations, financial condition and the price of our common stock, including from additional regulations which may impact the effectiveness of our data cloud and platform.
- A significant inadvertent disclosure or breach of confidential and/or personal information we may be deemed to process, or a security breach of our or our customers’, suppliers’, or other partners’ IT Systems could be detrimental to our business, reputation, financial performance and results of operations.
- We depend on third-party data providers, systems and technologies to operate our business, the disruption of which could adversely affect our business, operating results and financial condition.
- If we fail to detect or prevent fraud or malware intrusion on our platform, devices, or systems, or into the systems or devices of our customers and their consumers, publishers could lose confidence in our platform, and we could face legal claims and regulatory investigations, any of which could adversely affect our business, operating results and financial condition.
- The standards that private entities and inbox service providers adopt in the future to regulate the use and delivery of email may interfere with the effectiveness of our platform and our ability to conduct business.
- Risks Related to Ownership of Our Common Stock
- We do not anticipate paying any cash dividends in the foreseeable future.
- Because our common stock does not trade on a national securities exchange, the prices of our common stock may be more volatile and lower than if we were listed.
- Our common stock is deemed a “penny stock,” which makes it more difficult for our investors to sell their shares.
- General Risk Factors
- If securities or industry analysts do not publish research or reports about our business, if they adversely change their recommendations regarding our stock, or if our results of operations do not meet their expectations, our stock price and trading volume could decline.
- We have identified material weaknesses in our internal control over financial reporting. If we fail to remediate these material weaknesses, or if we experience additional material weaknesses in the future or otherwise fail to maintain effective internal control over financial reporting in the future, we may not be able to accurately or timely report our financial condition or results of operations, which may adversely affect investor confidence in us and, as a result, the value of our common stock.
Legal proceedings
From time to time, we are involved in various legal proceedings arising from the normal course of business activities. Except for the proceeding below, the Company is not currently a party to any other legal proceedings the outcome of which, if determined adversely to the Company, would individually or in the aggregate have a material adverse effect on its business, financial condition, and results of operations.
On March 3, 2025, plaintiff Intersect Technologies, LLC (“Intersect”) filed an amended complaint in the U.S. District Court in the District of Delaware against us alleging breach of contract and certain other causes of action against us related to the business of DrivenIQ and the transfer of substantially all the assets of DrivenIQ to us in connection with the foreclosure sale. Intersect sought to recover its actual and punitive damages to the extent by law, which it alleged was in excess of $75,000. In February 2026, we entered into settlement discussions with Intersect in connection with this matter. On May 18, 2026, the parties reached an agreement-in-principle settling the matter, with our insurance carrier covering our settlement costs.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARVisitIQ Corp. filings on SEC EDGAR
- 2Yahoo FinanceVIIQ quote
- 3SEC EDGARVisitIQ Corp. filings on SEC EDGAR
- 4
- 5
- 6SEC EDGARVisitIQ Corp. 10-K for fiscal 2025
- 7
- 8SEC EDGARHegui Zhao, Executive Vice President
- 9
- 10SEC EDGARRen Xudong, Vice President
- 11SEC EDGARRen Zhiqing, Cheif Executive Officer
- 12SEC EDGARDora Dong, Board member
- 13SEC EDGARFengmei Ying, Board member
- 14