2024 Q2 Form 10-K Financial Statement

#000107997324000746 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $0.00 $0.00
YoY Change -100.0% -100.0%
Cost Of Revenue $0.00 $0.00
YoY Change -100.0% -100.0%
Gross Profit $0.00 $0.00
YoY Change -100.0% -100.0%
Gross Profit Margin
Selling, General & Admin $804.4K $804.4K
YoY Change 453.6% -19.11%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $804.4K $804.4K
YoY Change 433.45% -20.84%
Operating Profit -$804.4K -$804.4K
YoY Change -1618.38% 172.57%
Interest Expense -$27.76K $27.76K
YoY Change 767.5% -0.64%
% of Operating Profit
Other Income/Expense, Net $248.6K $220.9K
YoY Change 115.83%
Pretax Income -$583.6K -$583.6K
YoY Change 460.24% 81.52%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$538.7K -$538.7K
YoY Change 417.19% 67.57%
Net Earnings / Revenue
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$0.02 -$0.02
COMMON SHARES
Basic Shares Outstanding 530.1M shares 28.59M shares 28.13M shares
Diluted Shares Outstanding 28.13M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $66.46K $66.46K
YoY Change -9.75% -9.75%
Cash & Equivalents $66.46K $66.46K
Short-Term Investments
Other Short-Term Assets $299.8K $299.8K
YoY Change 1361.01% 1361.01%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.349M $1.349M
YoY Change 365.87% 365.87%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $288.8K $288.8K
YoY Change
Total Long-Term Assets $288.8K $288.8K
YoY Change -28.48% -28.47%
TOTAL ASSETS
Total Short-Term Assets $1.349M $1.349M
Total Long-Term Assets $288.8K $288.8K
Total Assets $1.638M $1.638M
YoY Change 136.23% 136.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $331.1K $331.1K
YoY Change 121.47% 121.47%
Accrued Expenses $10.62K $61.18K
YoY Change -83.1% -2.63%
Deferred Revenue
YoY Change
Short-Term Debt $4.956M $4.956M
YoY Change
Long-Term Debt Due $3.869M
YoY Change 3.36%
Total Short-Term Liabilities $5.566M $5.566M
YoY Change 34.6% 34.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $159.1K $159.1K
YoY Change
Total Long-Term Liabilities $159.1K $159.1K
YoY Change -39.16% -39.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.566M $5.566M
Total Long-Term Liabilities $159.1K $159.1K
Total Liabilities $5.725M $5.725M
YoY Change 30.21% 30.21%
SHAREHOLDERS EQUITY
Retained Earnings -$99.78M
YoY Change 0.54%
Common Stock $28.59K
YoY Change 1.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.087M -$4.087M
YoY Change
Total Liabilities & Shareholders Equity $1.638M $1.638M
YoY Change 136.23% 136.23%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$538.7K -$538.7K
YoY Change 417.19% 67.57%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $49.28K -$125.4K
YoY Change -236.74% 26.86%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$728.0K -$983.0K
YoY Change
Cash From Investing Activities -$728.0K -$983.0K
YoY Change 1284.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $7.709K
YoY Change
Cash From Financing Activities 776.0K 1.165M
YoY Change 9007.86% 511.2%
NET CHANGE
Cash From Operating Activities 49.28K -125.4K
Cash From Investing Activities -728.0K -$983.0K
Cash From Financing Activities 776.0K 1.165M
Net Change In Cash 97.27K -$983.0K
YoY Change -453.45% -4842.38%
FREE CASH FLOW
Cash From Operating Activities $49.28K -$125.4K
Capital Expenditures $0.00 $0.00
Free Cash Flow $49.28K -$125.4K
YoY Change -236.74% -26.17%

Facts In Submission

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CY2023 us-gaap Use Of Estimates
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<p id="xdx_845_eus-gaap--UseOfEstimates_zHAjgbOzvjLf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_869_zXekLhYZQa6l">Use of Estimates</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are used primarily when accounting for depreciation and amortization expense, various common stock, warrants and option transactions, evaluation of intangible assets, and loss contingencies.</p>
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1643721 usd
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1624635 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zgrf3MCYHOO6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_869_zgPjHc0f69I1">Concentration of Credit Risk, Accounts Receivable and Allowance for Doubtful Accounts</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of cash and cash equivalents placed with high credit quality institutions and accounts receivable due from Pro-Tech’s customers. Management evaluates the collectability of accounts receivable based on a combination of factors. If management becomes aware of a customer’s inability to meet its financial obligations after a sale has occurred, the Company records an allowance to reduce the net receivable to the amount that it reasonably believes to be collectable from the customer. Accounts receivable are written off at the point they are considered uncollectible. An allowance of $<span id="xdx_905_ecustom--LoanAndLeasesReceivableAllowance_iI_c20231231_z9AueXw6redl" title="Allowance amount"><span id="xdx_90C_ecustom--LoanAndLeasesReceivableAllowance_iI_c20221231_zxyQlfmJlyOd" title="Allowance amount">0</span></span> has been recorded at each of December 31, 2023 and 2022, respectively. The Company suffered no losses from uncollected accounts receivable in 2023 or 2022. Additional allowances may be required in the future. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2023 and 2022, two and three customers comprised <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--TwoCustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zHT1b30tl933" title="Concentration risk percentage">70</span>% and <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__srt--MajorCustomersAxis__custom--ThreeCustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zRIV7BxlnHgc" title="Concentration risk percentage">78.2</span>% of the Company’s gross accounts receivables, respectively. For the years ended December 31, 2023 and 2022, four and three customers comprised <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--FourCustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z75l3OBk1NI" title="Concentration risk percentage">70</span>% and <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_pip0_dp_c20220101__20221231__srt--MajorCustomersAxis__custom--ThreeCustomerMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalRevenuesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zNpwYZZ8aZJ9" title="Concentration risk percentage">52.7</span>%, respectively, of the Company’s total revenues.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2023Q4 vyey Loan And Leases Receivable Allowance
LoanAndLeasesReceivableAllowance
0 usd
CY2022Q4 vyey Loan And Leases Receivable Allowance
LoanAndLeasesReceivableAllowance
0 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28129338 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28037713 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
28591593 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
28037713 shares
CY2023 vyey Common Stock Equivalents Outstanding
CommonStockEquivalentsOutstanding
211477 shares
CY2022 vyey Common Stock Equivalents Outstanding
CommonStockEquivalentsOutstanding
2468480 shares
CY2023Q3 us-gaap Investment Owned Balance Principal Amount
InvestmentOwnedBalancePrincipalAmount
5000000 usd
CY2023Q3 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.05 pure
CY2023Q3 us-gaap Reorganization Items
ReorganizationItems
983000 usd
CY2023 us-gaap Reorganization Items
ReorganizationItems
983000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
983000 usd
CY2023Q4 vyey Impaired Financing Receivables Related Allowance
ImpairedFinancingReceivablesRelatedAllowance
0 usd
CY2024Q1 vyey Disposal Group Including Discontinued Operation Commit To Invest Amount
DisposalGroupIncludingDiscontinuedOperationCommitToInvestAmount
4000000 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1643721 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1624635 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
693615 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
903598 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
950106 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
721037 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
744715 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
578396 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
205391 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
142641 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Other Expense
DisposalGroupIncludingDiscontinuedOperationOtherExpense
158477 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Other Expense
DisposalGroupIncludingDiscontinuedOperationOtherExpense
128693 usd
CY2023 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
46914 usd
CY2022 us-gaap Discontinued Operation Provision For Loss Gain On Disposal Before Income Tax
DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax
13948 usd
CY2023 vyey Discontinued Operation Income Loss From Discontinued Operation Tax Expense
DiscontinuedOperationIncomeLossFromDiscontinuedOperationTaxExpense
2065 usd
CY2022 vyey Discontinued Operation Income Loss From Discontinued Operation Tax Expense
DiscontinuedOperationIncomeLossFromDiscontinuedOperationTaxExpense
0 usd
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
44849 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
13948 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
11328 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
63481 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
251233 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
163196 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Inventory Current
DisposalGroupIncludingDiscontinuedOperationInventoryCurrent
17256 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Inventory Current
DisposalGroupIncludingDiscontinuedOperationInventoryCurrent
32269 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Prepaid And Other Assets Current
DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent
9588 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Prepaid And Other Assets Current
DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent
9080 usd
CY2023Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
289405 usd
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
268026 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Noncurrent
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent
64608 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Noncurrent
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentNoncurrent
162343 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill Noncurrent
DisposalGroupIncludingDiscontinuedOperationGoodwillNoncurrent
145149 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill Noncurrent
DisposalGroupIncludingDiscontinuedOperationGoodwillNoncurrent
145149 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNoncurrent
79071 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsNoncurrent
96323 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
288828 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
403815 usd
CY2023Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
578233 usd
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
671841 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
35992 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
85711 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent
6080 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities Current
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilitiesCurrent
12268 usd
CY2023Q4 vyey Disposal Group Including Discontinued Operation Short Term Notes Payable Net
DisposalGroupIncludingDiscontinuedOperationShortTermNotesPayableNet
30000 usd
CY2022Q4 vyey Disposal Group Including Discontinued Operation Short Term Notes Payable Net
DisposalGroupIncludingDiscontinuedOperationShortTermNotesPayableNet
10000 usd
CY2023Q4 vyey Disposal Group Including Discontinued Operation Current Portion Of Long Term Notes Payable
DisposalGroupIncludingDiscontinuedOperationCurrentPortionOfLongTermNotesPayable
18127 usd
CY2022Q4 vyey Disposal Group Including Discontinued Operation Current Portion Of Long Term Notes Payable
DisposalGroupIncludingDiscontinuedOperationCurrentPortionOfLongTermNotesPayable
15589 usd
CY2023Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
90199 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
123568 usd
CY2023Q4 vyey Disposal Group Including Discontinued Operation Non Current Long Term Notes Payable Net
DisposalGroupIncludingDiscontinuedOperationNonCurrentLongTermNotesPayableNet
159140 usd
CY2022Q4 vyey Disposal Group Including Discontinued Operation Non Current Long Term Notes Payable Net
DisposalGroupIncludingDiscontinuedOperationNonCurrentLongTermNotesPayableNet
261592 usd
CY2023Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
159140 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
261592 usd
CY2023Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
249339 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
385160 usd
CY2023Q4 vyey Disposal Group Including Discontinued Operation Total Property Plant And Equipment At Cost
DisposalGroupIncludingDiscontinuedOperationTotalPropertyPlantAndEquipmentAtCost
792109 usd
CY2022Q4 vyey Disposal Group Including Discontinued Operation Total Property Plant And Equipment At Cost
DisposalGroupIncludingDiscontinuedOperationTotalPropertyPlantAndEquipmentAtCost
792109 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
727501 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
629766 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
64608 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
162343 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
97735 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
151854 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets
DisposalGroupIncludingDiscontinuedOperationIntangibleAssets
17252 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets
DisposalGroupIncludingDiscontinuedOperationIntangibleAssets
17252 usd
CY2023Q4 vyey Disposal Group Including Discontinued Operation Protech Customer Relationships
DisposalGroupIncludingDiscontinuedOperationProtechCustomerRelationships
129680 usd
CY2022Q4 vyey Disposal Group Including Discontinued Operation Protech Customer Relationships
DisposalGroupIncludingDiscontinuedOperationProtechCustomerRelationships
129680 usd
CY2023Q4 vyey Disposal Group Including Discontinued Operation Protech Trademark
DisposalGroupIncludingDiscontinuedOperationProtechTrademark
42840 usd
CY2022Q4 vyey Disposal Group Including Discontinued Operation Protech Trademark
DisposalGroupIncludingDiscontinuedOperationProtechTrademark
42840 usd
CY2023Q4 vyey Disposal Group Including Discontinued Operation Amortization And Impairment
DisposalGroupIncludingDiscontinuedOperationAmortizationAndImpairment
-93448 usd
CY2022Q4 vyey Disposal Group Including Discontinued Operation Amortization And Impairment
DisposalGroupIncludingDiscontinuedOperationAmortizationAndImpairment
-76196 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
79071 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
96323 usd
CY2023 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
Events which may cause limitations in the amount of the net operating losses that the Company may use in any one year include, but are not limited to, a cumulative ownership change of more than 50% over a three-year period.
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
8163000 usd
CY2023 vyey Operating Loss Carryforwards Limitationson Use Period
OperatingLossCarryforwardsLimitationsonUsePeriod
P20Y
CY2023 vyey Net Operating Loss Description
NetOperatingLossDescription
Combined with the Section 382 limitation, as of December 31, 2023 the Company has net operating losses available of approximately $8,954,000 which will expire in between 2028 and 2038, and $[*3,290,000] that will carryforward indefinitely.
CY2023 vyey Operating Income Loss1
OperatingIncomeLoss1
12244000 usd
CY2023 vyey Effective Income Tax Rate Coporate Income Tax Rate
EffectiveIncomeTaxRateCoporateIncomeTaxRate
0.2416 pure
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2612000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2576000 usd
CY2023 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
-127000 usd
CY2022 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
-12000 usd
CY2023 vyey Equity Based Expenses
EquityBasedExpenses
-261000 usd
CY2022 vyey Equity Based Expenses
EquityBasedExpenses
261000 usd
CY2023 vyey Other Expense
OtherExpense
-19000 usd
CY2022 vyey Other Expense
OtherExpense
-23000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2861000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2802000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2861000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2802000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2023 vyey Effective Income Tax Rate Reconciliations At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationsAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 vyey Effective Income Tax Rate Reconciliations At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationsAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 vyey Effective Income Tax Rate Reconciliation Noncompulsory Stock Warrantsin Shares
EffectiveIncomeTaxRateReconciliationNoncompulsoryStockWarrantsinShares
0.153 pure
CY2022 vyey Effective Income Tax Rate Reconciliation Noncompulsory Stock Warrantsin Shares
EffectiveIncomeTaxRateReconciliationNoncompulsoryStockWarrantsinShares
0.000 pure
CY2023 vyey Effective Income Tax Rate Reconciliation State Tax Other Permanent Items
EffectiveIncomeTaxRateReconciliationStateTaxOtherPermanentItems
0.032 pure
CY2022 vyey Effective Income Tax Rate Reconciliation State Tax Other Permanent Items
EffectiveIncomeTaxRateReconciliationStateTaxOtherPermanentItems
0.032 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.084 pure
CY2023 vyey Effective Income Tax Rate Reconciliation Intangible Impairmentin
EffectiveIncomeTaxRateReconciliationIntangibleImpairmentin
0 pure
CY2022 vyey Effective Income Tax Rate Reconciliation Intangible Impairmentin
EffectiveIncomeTaxRateReconciliationIntangibleImpairmentin
0.000 pure
CY2023 vyey Effective Income Tax Rate Reconciliation Change In Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInValuationAllowance
-0.089 pure
CY2022 vyey Effective Income Tax Rate Reconciliation Change In Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInValuationAllowance
-0.158 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2023Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
1087000 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
0 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10619 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
3868726 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
3717476 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3868726 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3717476 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
0 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
0 usd
CY2023Q4 vyey Long Term Debt And Capital Lease Obligations Repayment Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentOfPrincipalInNextTwelveMonths
3868726 usd
CY2023Q4 vyey Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Due
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalDue
3868726 usd
CY2023Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.04
CY2023Q3 us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
155086 usd
CY2023Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.28
CY2023 us-gaap Payments For Rent
PaymentsForRent
4710 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
4734 usd
CY2023 vyey Commitments And Contingencies Description
CommitmentsAndContingenciesDescription
The Company’s office space in Austin, Texas is leased on a month-to-month basis, and the lease agreement for the Pro-Tech facility in Oklahoma County, Oklahoma is cancellable at any time by giving notice of 90 days.
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-538703 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-321484 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28129338 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28037713 shares
CY2023 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2022 us-gaap Dilutive Securities
DilutiveSecurities
0 usd
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28129338 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28037713 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
211477 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2468480 shares

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