Oculus Inc. Q1 2025 10-Q: Assets $91.4M, No Warrants Exercisable
Ticker: OVTZ · Form: 10-Q · Filed: May 12, 2025 · CIK: 1107280
| Field | Detail |
|---|---|
| Company | Oculus Inc. (OVTZ) |
| Form Type | 10-Q |
| Filed Date | May 12, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, assets, liabilities, warrants
TL;DR
Oculus Inc. Q1 2025: $91.4M assets, $0 liabilities. Warrants locked until revenue/exchange/control targets hit.
AI Summary
Oculus Inc. filed its 10-Q for the period ending March 31, 2025. The company reported total assets of $91,422,569 and total liabilities of $0 for the quarter. No share purchase warrants are exercisable until specific performance criteria, such as targeted revenue sales projections, listing on a major US exchange, or a change of control, are met.
Why It Matters
This filing provides insight into Oculus Inc.'s financial position at the end of Q1 2025, highlighting significant assets and the conditional nature of its share purchase warrants.
Risk Assessment
Risk Level: medium — The company has no share purchase warrants exercisable until specific performance criteria are met, which could indicate potential future dilution or a lack of immediate investor confidence.
Key Numbers
- $91.4M — Total Assets (As of March 31, 2025)
- $0 — Total Liabilities (As of March 31, 2025)
- 250,000,000 — Authorized Shares (For common stock)
- 500,000,000 — Authorized Shares (For preferred stock)
Key Players & Entities
- OCULUS INC. (company) — Filer
- 20250331 (date) — Period of Report
- 20250512 (date) — Filed as of Date
- 91,422,569 (dollar_amount) — Total Assets
- 0 (dollar_amount) — Total Liabilities
FAQ
What are the specific performance criteria required for Oculus Inc.'s share purchase warrants to become exercisable?
The share purchase warrants are exercisable upon meeting targeted revenue sales projections, listing on a major US exchange, or a change of control.
What was the total asset value for Oculus Inc. as of March 31, 2025?
Oculus Inc. reported total assets of $91,422,569 as of March 31, 2025.
What were Oculus Inc.'s total liabilities as of March 31, 2025?
Oculus Inc. reported total liabilities of $0 as of March 31, 2025.
When is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is for the quarter ended March 31, 2025.
What was the company's former name prior to 2012?
Prior to February 6, 2012, the company was formerly known as OCULUS VISIONTECH INC. and prior to February 1, 2012, it was OCULUS VISION TECH INC. Before February 17, 2000, it was USA VIDEO INTERACTIVE CORP.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 12, 2025 regarding OCULUS INC. (OVTZ).