OTC: VASO
VASO CorpCIK 0000839087 · SIC 3845 · Electromedical Equipment
Small
Revenue $89M
Assets $86M
as of Sep 6, 2026
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10-Q
Filed Aug 14, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed Jul 31, 2026
· Period ending Jul 31, 2026
Summary not yet generated.
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8-K
Filed Jul 23, 2026
· Period ending Jul 23, 2026
Summary not yet generated.
10-Q
Filed May 15, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
8-K
Filed May 8, 2026
· Period ending May 4, 2026
Summary not yet generated.
10-K
Filed Mar 31, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-Q
Filed Nov 14, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
10-K
Filed Mar 31, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
10-K/A
Filed May 12, 2020
· Period ending Dec 31, 2019
Summary not yet generated.
10-Q/A
Filed Aug 27, 2010
· Period ending Feb 28, 2010
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)
(in thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues | ||||
| Managed IT systems and services | - | 1,058 | - | 2,045 |
| Professional sales services | 10,494 | 8,744 | 19,729 | 17,449 |
| Equipment sales and services | 693 | 529 | 1,253 | 970 |
| Total revenues | 11,187 | 10,331 | 20,982 | 20,464 |
| Cost of revenues | ||||
| Cost of managed IT systems and services | - | 589 | - | 1,160 |
| Cost of professional sales services | 2,024 | 1,659 | 4,037 | 3,469 |
| Cost of equipment sales and services | 274 | 142 | 535 | 258 |
| Total cost of revenues | 2,298 | 2,390 | 4,572 | 4,887 |
| Gross profit | 8,889 | 7,941 | 16,410 | 15,577 |
| Operating expenses | ||||
| Selling, general and administrative | 7,703 | 7,681 | 16,095 | 15,751 |
| Research and development | 212 | 167 | 395 | 345 |
| Total operating expenses | 7,915 | 7,848 | 16,490 | 16,096 |
| Operating income (loss) | 974 | 93 | (80) | (519) |
| Other (expense) income | ||||
| Interest and other income, net | 253 | 258 | 455 | 432 |
| Total other income, net | 253 | 258 | 455 | 432 |
| Income (loss) before income taxes | 1,227 | 351 | 375 | (87) |
| Income tax expense | (387) | (28) | (260) | (56) |
| Net income (loss) from continuing operations | 840 | 323 | 115 | (143) |
| Net loss from discontinued operations, net of tax | (296) | (520) | (458) | (1,129) |
| Net income (loss) | 544 | (197) | (343) | (1,272) |
| Other comprehensive income (loss) | ||||
| Foreign currency translation gain | 50 | 41 | 102 | 55 |
| Comprehensive income (loss) | 594 | (156) | (241) | (1,217) |
| Income (loss) per common share | ||||
| - basic and diluted continuing operations | 0.00 | 0.00 | (0.00) | (0.00) |
| - basic and diluted discontinued operations | (0.00) | (0.00) | (0.00) | (0.01) |
| - basic and diluted | 0.00 | (0.00) | (0.00) | (0.01) |
| Weighted average common shares outstanding | ||||
| - basic | 176,014 | 175,742 | 175,984 | 175,719 |
| - diluted | 176,345 | 175,742 | 175,984 | 175,719 |
Condensed Consolidated Balance Sheets
(in thousands, except share and per share data)
| Description | June 30, 2026 (unaudited) | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | 38,291 | 34,081 |
| Accounts and other receivables, net of an allowance for credit losses and commission adjustments of $12,088 at June 30, 2026 and $11,215 at December 31, 2025 | 5,911 | 13,293 |
| Receivables due from related parties | 1,270 | 926 |
| Inventories, net | 837 | 833 |
| Deferred commission expense | 3,945 | 3,789 |
| Prepaid expenses and other current assets | 652 | 1,055 |
| Current assets held for sale | 4,284 | 4,583 |
| Total current assets | 55,190 | 58,560 |
| Property and equipment, net of accumulated depreciation of $1,276 at June 30, 2026 and $1,233 at December 31, 2025 | 101 | 121 |
| Operating lease right of use assets | 1,643 | 1,152 |
| Goodwill | 1,263 | 1,225 |
| Intangibles, net | 1,716 | 1,255 |
| Other assets, net | 6,161 | 5,989 |
| Investment in EECP Global | 38 | 135 |
| Deferred tax assets, net | 6,600 | 6,844 |
| Noncurrent assets held for sale | 13,195 | 13,068 |
| Total assets | 85,907 | 88,349 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 673 | 896 |
| Accrued commissions | 1,114 | 2,575 |
| Accrued expenses and other liabilities | 4,366 | 8,352 |
| Operating lease liabilities current | 827 | 689 |
| Sales tax payable | 210 | 244 |
| Deferred revenue current portion | 20,610 | 19,018 |
| Notes payable current portion | 147 | 286 |
| Due to related party | 3 | 3 |
| Current liabilities held for sale | 4,913 | 4,783 |
| Total current liabilities | 32,863 | 36,846 |
| LONG-TERM LIABILITIES | ||
| Operating lease liabilities, net of current portion | 816 | 464 |
| Deferred revenue, net of current portion | 20,903 | 19,577 |
| Other long-term liabilities | 2,086 | 1,906 |
| Noncurrent liabilities held for sale | 31 | 127 |
| Total long-term liabilities | 23,836 | 22,074 |
| COMMITMENTS AND CONTINGENCIES (NOTE O) | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, $.01 par value; 1,000,000 shares authorized; nil shares issued and outstanding at June 30, 2026 and December 31, 2025 | - | - |
| Common stock, $.001 par value; 250,000,000 shares authorized; 176,018,035 and 175,953,035 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 176 | 176 |
| Additional paid-in capital | 62,099 | 62,080 |
| Accumulated deficit | (32,855) | (32,512) |
| Accumulated other comprehensive loss | (212) | (315) |
| Total stockholders’ equity | 29,208 | 29,429 |
| Total liabilities and stockholders’ equity | 85,907 | 88,349 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net loss | (343) | (1,272) |
| Adjustments to reconcile net loss to net cash provided by operating activities | ||
| Depreciation and amortization | 472 | 352 |
| Deferred income taxes | 87 | - |
| Loss from investment in EECP Global | 98 | 111 |
| Provision for credit losses and commission adjustments | 167 | 108 |
| Share-based compensation | 19 | 17 |
| Changes in operating assets and liabilities: | ||
| Accounts and other receivables | 7,238 | 8,068 |
| Due from related parties | (352) | (171) |
| Inventories | 22 | (11) |
| Deferred commission expense | (156) | 113 |
| Prepaid expenses and other current assets | 199 | (581) |
| Other assets, net | (109) | (764) |
| Accounts payable | (19) | 560 |
| Accrued commissions | (1,400) | (1,868) |
| Accrued expenses and other liabilities | (4,158) | (1,997) |
| Sales tax payable | (45) | (60) |
| Deferred revenue | 2,919 | 3,218 |
| Other long-term liabilities | 180 | 406 |
| Net cash provided by operating activities | 4,819 | 6,229 |
| Cash flows from investing activities | ||
| Purchases of equipment and software | (963) | (867) |
| Net cash used in investing activities | (963) | (867) |
| Cash flows from financing activities | ||
| Payroll taxes paid by withholding shares | - | (1) |
| Proceeds from note payable | - | 966 |
| Repayment of notes payable and finance lease obligations | (146) | (29) |
| Net cash (used in) provided by financing activities | (146) | 936 |
| Effect of exchange rate differences on cash and cash equivalents | 4 | (9) |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 3,714 | 6,289 |
| Cash and cash equivalents beginning of period, including cash from discontinued operations | 35,050 | 26,271 |
| Cash and cash equivalents end of period, including cash from discontinued operations | 38,764 | 32,560 |
| SUPPLEMENTAL DISCLOSURE OF CASH INFORMATION | ||
| Interest paid | - | 1 |
| Income taxes paid | 136 | 136 |
| SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES | ||
| Initial recognition of operating lease right of use asset and liability | 903 | 145 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share data); (in thousands, except share and per share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗