Vynleads, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Vynleads, Inc. has filed its 2023 10-K report detailing financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

Vynleads, Inc. (VYND) filed a Annual Report (10-K) with the SEC on March 22, 2024. Vynleads, Inc. filed its 2023 Form 10-K on March 22, 2024, reporting on the fiscal year ending December 31, 2023. The company's business address is 596 Herrons Ferry Road, Suite 301, Rock Hill, SC 29730. Vynleads, Inc. is incorporated in Delaware and operates within the Personal Services industry (SIC 7200). The filing covers the fiscal year from January 1, 2023, to December 31, 2023, with comparative data for the fiscal year ended December 31, 2022. Key financial statement elements such as Common Stock, Additional Paid-In Capital, and Retained Earnings are detailed for the fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking Vynleads, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Vynleads, Inc.'s financial health, operational activities, and risk factors for the fiscal year 2023, crucial for investors and stakeholders to assess the company's performance and outlook. The detailed financial data, including revenue segments and balance sheet items, allows for a year-over-year comparison, enabling analysis of growth trends, profitability, and financial stability.

Risk Assessment

Risk Level: — Vynleads, Inc. shows moderate risk based on this filing. The company's financial disclosures are limited in the provided text, making it difficult to assess its overall financial health, debt levels, or profitability comprehensively, which suggests a medium risk in fully understanding its financial standing.

Analyst Insight

Investors should review the full 10-K filing to understand Vynleads, Inc.'s revenue streams, operational costs, and any disclosed risks to make informed investment decisions.

Revenue Breakdown

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-03-22 — Filing Date (As of date)
• 7200 — SIC Code (Standard Industrial Classification)
• DE — State of Incorporation (State of incorporation)

Key Players & Entities

• Vynleads, Inc. (company) — Filer name
• 2023 (date) — Fiscal year end
• March 22, 2024 (date) — Filing date
• 596 Herrons Ferry Road, Suite 301, Rock Hill, SC 29730 (address) — Business address
• Delaware (location) — State of incorporation
• 7200 (industry) — Standard Industrial Classification
• 2022 (date) — Comparative fiscal year end
• 2021 (date) — Comparative fiscal year end

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Reporting period end date for the 10-K.
• 2024-03-22: Filing Date — Date the 10-K was officially filed with the SEC.

Key Financial Figures

• $8M — ing members and generated approximately $8M in gross revenues since its launch date
• $49 — . We sell the Lifestyle Blueprint for $49. In addition to the Lifestyle Blueprint
• $9.95 — sources. Monthly subscription rates are $9.95. We also offer two nutritional supple
• $60.00 — Typically, we will spend approximately $60.00 on internal account advertising for eac
• $30.00 — cts sold, the CPA payout can range from $30.00 to $80.00 for a new customer sale. This
• $80.00 — the CPA payout can range from $30.00 to $80.00 for a new customer sale. This range, ho
• $200 — related third party at a monthly fee of $200. 5 ITEM 1A. RISK FACTORS The effe
• $0.04 — VYND. As of March 22, 2024 the price is $0.04 Holders We have 45 stockholders of

Filing Documents

• vynd_10k.htm (10-K) — 1032KB
• vynd_ex31x1.htm (EX-31.1) — 6KB
• vynd_ex32x1.htm (EX-32.1) — 4KB
• image_001.jpg (GRAPHIC) — 2KB
• image_004.jpg (GRAPHIC) — 12KB
• 0001079973-24-000407.txt (&nbsp;) — 5000KB
• vynd-20231231_cal.xml (EX-101.CAL) — 33KB
• vynd-20231231_def.xml (EX-101.DEF) — 94KB
• vynd-20231231_lab.xml (EX-101.LAB) — 295KB
• vynd-20231231_pre.xml (EX-101.PRE) — 231KB
• vynd-20231231.xsd (EX-101.SCH) — 34KB
• vynd_10k_htm.xml (XML) — 907KB

Selected Financial Data

Selected Financial Data. 7 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 7 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 11 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 11 Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure. 29 Item 9A.

Controls and Procedures

Controls and Procedures. 29 Item 9B. Other Information. 29 PART III Item 10. Directors, Executive Officers and Corporate Governance. 30 Item 11.

Executive Compensation

Executive Compensation. 32 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 33 Item 13. Certain Relationships and Related Transactions, and Director Independence. 34 Item 14. Principal Accountant Fees and Services. 35 PART IV Item 15. Exhibits, Financial Statement Schedules. 36 PART I ITEM 1. BUSINESS Unless the context indicates or suggests otherwise, references to "we," "our," "us," the "Company," or "Vynleads" refer to Vynleads, Inc., a Delaware corporation. FORWARD-LOOKING This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. These "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. Throughout this Report, references to "we," "us" "the Company," "the registrant," etc., all refer to Vynleads, Inc. GENERAL History of our company Our corporation was formed in Delaware in July 2015. Vynleads' flagship brand, "Done with Diabetes" (DWD), was introduced in 2016. Since its inception, DWD has ac

Properties

Properties We rent executive office space on a month-to-month basis under a co-working agreement with an unrelated third party at a monthly fee of $200. 5 ITEM 1A. RISK FACTORS The effects of the COVID-19 pandemic, including actions taken by businesses and governments, have adversely affected the global economy, disrupted global supply chains and created significant volatility in the financial markets. As a result, there has been a significant reduction in demand for our products and services. If the reduced demand continues for a prolonged period, the Company's business, financial condition, results of operation and liquidity may be materially and adversely affected. The Company's operations also may be adversely affected if significant portions of the Company's workforce are unable to work effectively due to illness, quarantines, government actions or other restrictions in connection with future waves of COVID-19 pandemic. The extent to which the COVID-19 pandemic adversely affects the Company's business, financial condition, results of operation and liquidity will depend on future developments, which are uncertain and cannot be predicted. These future developments include, but are not limited to, the scope and duration of the COVID-19 pandemic and actions taken by governmental authorities and other third parties in response to the pandemic. Disruptions and/or uncertainties related to the COVID-19 pandemic for a sustained period of time could result in delays or modifications to the Company's strategic plans and initiatives and hinder the Company's ability to achieve its strategic goals. ITEM 1B. UNRESOLVED STAFF COMMENTS None. ITEM 2. PROPERTIES We do not own any real estate or other properties. ITEM 3. LEGAL PROCEEDINGS In 2016 we engaged a third party to provide certain promotional services to us in connection with our business, including the use of his name and appearance, under the terms of a five-year agreement. As compensation, we agre

View Full Filing

View this 10-K filing on SEC EDGAR