Overview
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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 revenue63¢$126.9K
- Income tax37¢$74.2K
Out of $44.5K in revenue.2 The company lost money this year.
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.3K4 | $100.0K5 | $243.5K6 | $220.9K7 | $106.3K7 | $1.6M8 | $6.0M2 | $44.5K2 |
| Cost of revenue | $9.3K4 | $3.9K6 | $366.9K7 | $82.7K7 | $1.4M8 | $4.2M2 | $126.9K2 | |
| Gross profit | $7.0K4 | $100.0K5 | $239.6K6 | -$145.9K7 | $23.6K7 | $212.2K8 | $1.8M2 | -$82.4K2 |
| Operating expenses | $1.2M7 | $1.2M7 | $280.5K11 | $641.1K2 | $3.3M2 | |||
| Operating income | -$18.9K4 | $33.1K5 | -$1.0M6 | -$1.3M7 | -$216.0K8 | -$183.1K8 | $1.2M2 | -$3.4M2 |
| Interest | $1.4K6 | $24.4K7 | $7.8K8 | $18.3K8 | ||||
| Income before tax | -$2.6M7 | -$226.3K8 | -$239.8K8 | $1.1M2 | -$3.5M2 | |||
| Income tax | $6.9K5 | $4597 | $98 | $1.5K8 | $154.2K2 | -$74.2K2 | ||
| Net income | -$18.9K4 | $26.1K5 | -$987.5K6 | -$2.7M7 | -$944.4K8 | $1.5M8 | $2.9M2 | -$3.4M2 |
| Earnings per share | -$0.066 | -$0.106 | -$0.048 | $0.068 | $0.112 | -$0.132 | ||
| Earnings per share (diluted) | -$0.066 | -$0.106 | -$0.048 | $0.068 | $0.082 | -$0.132 | ||
| Shares (weighted, basic) | 25.2M shares6 | 25.5M shares8 | 26.2M shares8 | 26.7M shares2 | 27.0M shares2 | |||
| Shares (weighted, diluted) | 25.5M shares8 | 26.2M shares8 | 35.0M shares2 | 27.0M shares2 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $14.0K12 | $504.2K7 | $80.3K7 | $74.0K8 | $72.9K8 | $310.9K2 | $41.9K2 | |
| Receivables | $9287 | $577 | $179.8K8 | $1.2M2 | ||||
| Inventory | $164.0K7 | $1.5M7 | $823.6K11 | $3.8K2 | $4.2K2 | |||
| Current assets | $14.2K4 | $586.2K5 | $635.4K6 | $539.7K7 | $525.6K8 | $4.1M8 | $2.3M2 | $1.3M2 |
| Property, plant and equipment | $92.4K7 | $1.5K8 | $9938 | $7152 | $3022 | |||
| Intangible assets | $5.8K7 | $3.3K8 | $2.0K2 | |||||
| Total assets | $18.9K4 | $851.7K5 | $881.7K6 | $1.5M7 | $3.2M8 | $4.1M8 | $4.9M2 | $3.9M2 |
| Accounts payable | $19.2K7 | $725.3K7 | $1.7K8 | |||||
| Short-term debt | $565.5K2 | |||||||
| Current liabilities | $10.1K4 | $1.0M5 | $641.9K6 | $1.0M7 | $997.4K8 | $1.9M8 | $1.7M2 | $2.0M2 |
| Long-term debt | $87.5K8 | $523.9K2 | $87.5K2 | |||||
| Long-term liabilities | $510.4K6 | $87.5K8 | $642.7K8 | $611.4K2 | $87.5K2 | |||
| Total liabilities | $10.1K4 | $1.0M5 | $733.7K6 | $1.5M7 | $4.2M8 | $2.6M8 | $2.3M2 | $2.1M2 |
| Retained earnings | -$3.9M7 | -$4.8M8 | -$3.3M8 | -$2.3M2 | -$5.7M2 | |||
| Shareholders’ equity | $8.8K4 | -$288.0K5 | $63.7K6 | -$7.0K7 | -$1.0M7 | $1.6M8 | $2.6M2 | $1.8M2 |
| Shares outstanding | 5.3M shares12 | 32.4M shares5 | 24.5M shares6 | 25.6M shares7 | 25.5M shares8 | 26.7M shares8 | 27.4M shares11 | 27.4M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -$17.5K4 | $34.5K5 | -$1.3M6 | -$967.2K7 | $3.2K8 | -$207.9K8 | -$261.5K2 | -$458.6K2 |
| Depreciation and amortization | $43.3K7 | $3.5K8 | $2.9K8 | $45211 | $2.4K2 | |||
| Stock-based compensation | $2.5M2 | |||||||
| Capital spending | $6.2K4 | $2.9K6 | $229.4K7 | $142.8K7 | ||||
| Free cash flow | -$23.6K | -$1.3M | -$1.2M | -$139.6K | ||||
| Cash from investing | -$350.3K7 | -$43.3K8 | -$43.8K8 | |||||
| Cash from financing | $920.9K7 | $98.9K8 | $257.3K8 | -$304.1K2 | $187.7K2 |
What it owns
What VIVIC 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 |
|---|---|---|---|
| Property and equipment, before depreciation | $2.8K2 Jun 30, 2025 | $2.5K2 Jun 30, 2024 | +11.2% |
| Accumulated depreciation | $2.5K2 Jun 30, 2025 | $1.8K2 Jun 30, 2024 | +38.4% |
| Property and equipment, net | $3022 Jun 30, 2025 | $7152 Jun 30, 2024 | −57.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $41.9K2 Jun 30, 2025 | $310.9K2 Jun 30, 2024 | −86.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $7.9K2 Jun 30, 2025 | $7.1K2 Jun 30, 2024 | +11.2% |
| Accumulated amortization | $7.9K2 Jun 30, 2025 | $5.1K2 Jun 30, 2024 | +54.0% |
| Finite-lived intangibles, net | $2.0K2 Jun 30, 2024 | $4.5K11 Jun 30, 2023 | −56.4% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $4.2K2 Jun 30, 2025 | $3.8K2 Jun 30, 2024 | +11.2% |
| Finished goods | $4.2K2 Jun 30, 2025 | $3.8K2 Jun 30, 2024 | +11.2% |
Properties, in its own words
No disclosure is required by this Item as there is no property owned or leased by us that is material to our operations that we cannot readily replace.
Item 2 of the 10-K filed Sep 30, 2025.13
Leadership
Who has led VIVIC CORP., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerChen-Hon Chuang Nov 5, 2025 to now14
- Chief executive officerYun-Kuang Kung Jun 5, 2020 to Jun 5, 202015
- Chief financial officerChen-Hon Chuang Nov 5, 2025 to now14
- Chief financial officerCheng-Hsing Hsu Jun 5, 2020 to Apr 21, 202116
Board members and other officers (9)
- SecretaryCheng-Lung Soong Jun 5, 2020 to Jun 5, 202017
- SupervisorKuen-Horng Tsai Jun 5, 2020 to Jun 5, 202018
- Board memberHui-Ming Pao Oct 9, 2024 to now19
- Board memberShang-Chiai Kung Oct 9, 2024 to now20
- Board memberTse-Ling Wang Oct 9, 2024 to now21
- Board memberCheng-Hsing Hsu Jun 5, 2020 to Apr 21, 202116
- Board memberCheng-Lung Soong Jun 5, 2020 to Jun 5, 202017
- Board memberHwang Liu Shiang Kung Jun 5, 2020 to Jun 5, 202022
- Board memberKuen-Horng Tsai Jun 5, 2020 to Jun 5, 202018
Timeline
- Nov 5, 2025New chief executive Chen-Hon Chuang becomes CEO14
- Oct 31, 20258-K Executive or director change23
- Oct 23, 20258-K Executive or director change24
- Sep 30, 20258-K Other events25
- Jan 27, 20258-K Executive or director change26
- Jan 13, 20258-K Executive or director change27
- Oct 16, 20248-K Executive or director change; Bylaws or fiscal year changed28
- Aug 6, 20248-K Executive or director change29
- Feb 21, 20248-K Executive or director change30
- Jul 18, 20238-K Entered a material agreement31
- May 30, 20238-K Entered a material agreement; Unregistered sale of shares32
- Feb 14, 20238-K Executive or director change33
- Jun 10, 20228-K Entered a material agreement34
- Jun 5, 2020New chief executive Yun-Kuang Kung becomes CEO15
Filings
58 filings to the SEC since October 2021: 6 annual reports, 19 quarterly reports, 17 major events, 6 insider forms, 10 other. The latest 20:
- Sep 25, 2026NT 10-K EDGAR
- May 14, 202610-Q EDGAR
- Feb 13, 202610-Q EDGAR
- Nov 14, 202510-Q EDGAR
- Nov 5, 20253 EDGAR
- Oct 31, 20258-K EDGAR
- Oct 23, 20258-K EDGAR
- Sep 30, 202510-K EDGAR
- Sep 30, 20258-K EDGAR
- Sep 29, 2025NT 10-K EDGAR
- May 15, 202510-Q EDGAR
- Feb 14, 202510-Q EDGAR
- Jan 27, 20258-K EDGAR
- Jan 17, 20253 EDGAR
- Jan 13, 20258-K EDGAR
- Nov 14, 202410-Q EDGAR
- Oct 23, 202410-K EDGAR
- Oct 16, 20248-K EDGAR
- Oct 9, 20243 EDGAR
- Oct 9, 20243 EDGAR
The 58 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How VIVIC CORP. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVIVIC CORP.1
- CIK0001703073
- Employer ID (EIN)98-135360613
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company13
- Incorporated inNevada13
- Fiscal year endsJune 301
- Industry code (SIC)7990 Services-Miscellaneous Amusement & Recreation1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address187 E. Warm Springs Road., Suite B450, Las Vegas, NV 89119-41121
- Phone702-899-08181
- Shares outstanding27,678,419 as of May 11, 202610
- Public float$32.4M as of Dec 31, 202413
- AuditorYCM CPA INC., Irvine, California PCAOB ID 6781; no auditor attestation of internal control over financial reporting13
- On EDGAR sinceJul 5, 20171
- Filings136 in all: 8-K (37), 10-Q (27), 3 (15), S-1/A (9), 10-K (8), 10-Q/A (5), CORRESP (5), NT 10-K (5)1
All 22 form types
UPLOAD (5), NT 10-Q (4), 10-KT/A (3), D (2), S-1 (2), 10-K/A (1), 10-KT (1), 4 (1), 424B3 (1), 8-A12G (1), 8-K/A (1), D/A (1), EFFECT (1), RW (1)
- Latest filingsAnnual report (10-K) Sep 30, 2025
Quarterly report (10-Q) May 14, 2026
Latest 8-K (8-K) Oct 31, 2025
Risk factors and legal proceedings
The risks VIVIC CORP. names in Item 1A of its 10-K filed Sep 30, 2025: 47 risks under these headings, as written.13
- Risks Related to Our Business
- Our registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern in their audit report.
- We will need to secure financing in the future and our ability to secure future financing is uncertain.
- We are highly leveraged and we may need additional financing which may not be available.
- We have a limited operating history on which to judge our performance and assess our prospects for future success.
- We are subject to the risks frequently experienced by early-stage companies.
- Economic conditions that impact consumer spending may have a material adverse effect on our business, results of operations or financial condition.
- We may not be able to compete effectively against our competitors.
- Our growth could strain our personnel and infrastructure resources, and if we are unable to implement appropriate controls and procedures to manage our growth, we may not be able to successfully implement our business plan.
- Our limited investment in R&D may adversely affect our ability to enhance existing products and develop and market new products.
- We rely on third parties to manufacture the yachts we sell.
- We may choose to rely upon manufacturers based in China and their operations are subject to risks associated with business operations in China. Any disruption in the ability of these manufacturers to supply us with appropriately products on a timely basis could have a material adverse effect on our business, results of operations or financial condition.
The other 36 risks
- We have manufacturers based in Taiwan and the yachts that we receive from them may be subject to certain risks of economic and policy changes in China that could adversely affect our business operations.
- Higher fuel costs can materially adversely affect our business, results of operations or financial condition.
- Changes in the credit markets could decrease the ability of consumers to purchase our products and have a material adverse effect on our business, results of operations or financial condition.
- Our business depends on the continued contributions made by Mr. Shang-Chai Kung. The loss of the services of Mr. Kung may result in a severe impediment to our business.
- Our business depends on the efforts of our management, and our business may be severely disrupted if we lose their services.
- Our management has no experience operating a company with publicly traded shares.
- If we fail to develop and protect our brand names and reputation, we may not attract customers, which could adversely affect our revenues and financial performance.
- Our inability to adequately protect our trade names, trademarks and patents could have an impact on our brand images and ability to penetrate new markets.
- We may be unable to protect our intellectual property or may incur substantial costs because of litigation or other proceedings relating to the protection of our intellectual property.
- Significant product repair and/or replacement due to product warranty claims or product recalls could have a material adverse impact on our business, results of operations or financial condition.
- The failure of our information technology systems or a security breach involving consumer or employee personal data could have a materially adverse effect on our reputation and business, results of operations or financial condition.
- We and our products are subject to laws, rules and regulations regarding product safety, health, environmental and noise pollution and other issues that could cause us to incur fines or penalties or increase our operating costs.
- If product liability lawsuits are brought against us, we may incur substantial liabilities.
- Our insurance may not be sufficient.
- We rely on confidentiality agreements with our suppliers, employees, consultants and other parties.
- Natural disasters, unusually adverse weather, pandemic outbreaks, boycotts and geo-political events could materially adversely affect our business, results of operations or financial condition.
- Our ability, or lack thereof, to establish strategic partnerships and expand our distribution channels may adversely affect our business and our plans to expand our market.
- U.S. tariffs on imports from China, Taiwan, and other regions may increase our costs, disrupt our supply chain, and materially harm our business and financial results.
- Inflation could pose a risk to our business.
- Risks Related to Doing Business in Taiwan
- Political Issues
- Consumer Preferences
- Climate Issues
- You may have difficulty in effecting service of legal process or bringing actions against us or our management based on foreign laws.
- Foreign exchange fluctuations may affect our business.
- Risks Relating to Our Securities
- Trading in our shares is limited and we do not know if an active trading market for our shares will develop in the future. Even if a market does develop following this offering, you may be unable to sell your shares at or near ask prices or at all if you need to sell your shares to raise money or otherwise desire to liquidate your shares.
- The market price of our common stock is likely to be highly volatile, and you could lose all or part of your investment.
- Our quarterly operating results may fluctuate significantly.
- Our shares are subject to the penny stock rules.
- We have no current plans to pay cash dividends on our common stock for the foreseeable future, and you may not receive any return on investment unless you sell your common stock for a price greater than that which you paid for it.
- There can be no assurance that we will ever provide liquidity to our investors through a sale of our company.
- The holder of the outstanding shares of our Preferred Stock can control all matters brought before our shareholders for a vote, including the election of all members of our board of directors.
- Ownership of our common stock is concentrated. The interests of those currently holding a majority of the outstanding shares of our common stock and our preferred stock may not be aligned with the interests of our other shareholders.
- The sale or availability for sale of substantial amounts of our common stock could adversely affect its market price.
- We incur significant costs as a result of operating as a public company and our management is required to devote substantial time to compliance initiatives.
- Changes to accounting rules or regulations may adversely affect the reporting of our results of operations.
- Anti-takeover provisions in our Articles of Incorporation and Bylaws and Nevada law could discourage, delay or prevent a change in control of our company and may affect the trading price of our common stock.
- If securities or industry analysts do not publish research or reports about our business, or if the publish a negative report regarding our common shares, the price of our common shares and trading volume could decline.
- Volatility in our common share price may subject us to securities litigation.
- In order to raise sufficient funds to enhance operations, we may have to issue additional securities at prices which may result in substantial dilution to our shareholders.
Legal proceedings
We are not currently party to any material legal or administrative proceedings and are not aware of any claim which might lead to a material legal or administrative proceeding being commenced against us in the foreseeable future.
The opening of Item 3, Legal Proceedings.13
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARVIVIC CORP. filings on SEC EDGAR
- 2SEC EDGARVIVIC CORP. 10-K for fiscal 2025
- 3SEC EDGARVIVIC CORP. filings on SEC EDGAR
- 4SEC EDGARVIVIC CORP. 10-K for fiscal 2018
- 5SEC EDGARVIVIC CORP. 10-K for fiscal 2019
- 6SEC EDGARVIVIC CORP. 10-K for fiscal 2020
- 7SEC EDGARVIVIC CORP. 10-K for fiscal 2021
- 8SEC EDGARVIVIC CORP. 10-K for fiscal 2023
- 9SEC EDGARVIVIC CORP. 10-Q for fiscal 2025
- 10SEC EDGARVIVIC CORP. 10-Q for fiscal 2026
- 11SEC EDGARVIVIC CORP. 10-K for fiscal 2023
- 12SEC EDGARVIVIC CORP. 10-K for fiscal 2018
- 13
- 14
- 15
- 16
- 17SEC EDGARCheng-Lung Soong, Secretary
- 18SEC EDGARKuen-Horng Tsai, Supervisor
- 19SEC EDGARHui-Ming Pao, Board member
- 20SEC EDGARShang-Chiai Kung, Board member
- 21SEC EDGARTse-Ling Wang, Board member
- 22SEC EDGARHwang Liu Shiang Kung, Board member
- 23SEC EDGARExecutive or director change
- 24SEC EDGARExecutive or director change
- 25SEC EDGAROther events
- 26SEC EDGARExecutive or director change
- 27SEC EDGARExecutive or director change
- 28
- 29SEC EDGARExecutive or director change
- 30SEC EDGARExecutive or director change
- 31SEC EDGAREntered a material agreement
- 32
- 33SEC EDGARExecutive or director change
- 34SEC EDGAREntered a material agreement