VIVIC CORP. (VIVC)
Operating primarily as a travel agency within the Dominican Republic, Vivic Corp. orchestrates a wide array of individual and group excursions, encompassing cultural, recreational, sports, business, and ecological tours, among other specialized travel packages. Diversifying its portfolio, the company also undertakes the construction of marinas and yachts through its Monte Fino brand. Furthermore, it manages Joy Wave, an online service facilitating yacht rentals and leisure maritime activities. Vivic Corp. is additionally engaged in the development of innovative, energy-saving yacht engines and offers comprehensive tourism consultancy and various yacht-related services. Established in 2017, this enterprise, headquartered in Las Vegas, Nevada, functions as a subsidiary of Honetech Inc.
Sector: Services-Miscellaneous Amusement & Recreation
Industry: Leisure
Vivic Corp.
OTC:VIVCIndustrials · Conglomerates
+23.50%$0.0247
Mkt Cap$684K
Float23.4M
O/S27.68M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$272
Net Income-$2.4M
Total Assets$2.75M
Free Cash Flow-$318K
Debt & Equity
Debt 23%
Equity 76%
Preferred 0%
Total Debt$453K
Total Equity$1.47M
Preferred Stock$832
Shares Outstanding
Short Interest
Split History1 split
- 4:1Forward splitJan 27, 20201 share → 4
Balance Sheet Details
Assets$2.75M
Liabilities$1.28M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-04-30 | 2018-04-30 |
| Revenue | $272 | $1.6M | $106K | $244K | $244K | $100K | $16K |
| YoY Growth | -100.0% | 1405.7% | -56.5% | 0.3% | 143.6% | 513.3% | - |
| Cost of Revenue | $3K | $1.39M | $83K | $367K | $4K | $0 | $9K |
| Gross Profit | $943 | $212K | $24K | -$123K | $240K | $100K | $7K |
| Gross Margin | 346.7% | 13.3% | 22.2% | -50.2% | 98.4% | 100.0% | 43.2% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.12M | $395K | $1.2M | $1.26M | $1.26M | $67K | $26K |
| Other | $332K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $2.45M | $395K | $1.2M | $1.26M | $1.26M | $67K | $26K |
| Operating Income (EBIT) | -$2.45M | -$183K | -$1.18M | -$1.39M | -$1.02M | $33K | -$19K |
| Operating Margin | -902398.2% | -11.4% | -1106.2% | -567.7% | -419.8% | 33.1% | -116.0% |
| Interest Expense | $20K | $18K | $32K | $24K | $1K | $0 | $0 |
| Interest Income | $0 | $0 | $442 | $280 | $98 | $0 | $0 |
| Other Income (Expense) | -$21K | -$57K | $216K | -$1.28M | $35K | $0 | $0 |
| Income Before Tax (EBT) | -$2.48M | -$240K | -$960K | -$2.66M | -$988K | $33K | -$19K |
| Income Tax Expense | $75K | $2K | $9 | $459 | $5K | $7K | $0 |
| Net Income | -$2.4M | $1.5M | -$960K | -$2.66M | -$993K | $26K | -$19K |
| Net Income Margin | -882539.7% | 94.0% | -902.6% | -1090.5% | -407.8% | 26.1% | -116.0% |
| Supplementary Data | |||||||
| EPS | -0.09 | 0.06 | -0.04 | -0.11 | -0.04 | 0.00 | -0.00 |
| Diluted EPS | -0.09 | 0.06 | -0.04 | -0.11 | -0.04 | 0.00 | -0.00 |
| Weighted Average OS | 27.67M | 26.21M | 25.55M | 25.24M | 26.40M | 29.52M | 21.36M |
| EBITDA | -$2.46M | -$219K | -$1.17M | -$1.27M | -$984K | $34K | -$17K |
| EBITDA Margin | -904233.8% | -13.7% | -1102.9% | -521.5% | -404.2% | 34.1% | -107.1% |
Balance Sheet
| Period | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-04-30 | 2018-04-30 | 2017-04-30 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $18K | $73K | $74K | $74K | $504K | $171K | $14K | $5K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $18K | $73K | $74K | $74K | $504K | $171K | $14K | $5K |
| Accounts Receivable | $0 | $3.12M | $57 | $928 | $54K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $164K | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $250K | $1.89M | $301K | $77K | $11K | $0 | $200 |
| Total Current Assets | $1.05M | $4.11M | $2.42M | $540K | $635K | $182K | $14K | $5K |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $0 | $993 | $741K | $812K | $246K | $0 | $5K | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $3K | $6K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.71M | $0 | $0 | $61K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $27K | $39K | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $1.71M | $4K | $774K | $912K | $246K | $0 | $5K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.75M | $4.12M | $3.19M | $1.45M | $882K | $182K | $19K | $5K |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $0 | $2K | $725K | $19K | $12K | $0 | $0 | $0 |
| Short-Term Debt | $365K | $192K | $274K | $451K | $529K | $100K | $10K | $2K |
| Current Income Tax Payable | $0 | $10K | $0 | $0 | $30K | $7K | $0 | $0 |
| Current Unearned Revenue | $541K | $1.52M | $576K | $204K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $288K | $213K | $2.23M | $181K | $100K | $18K | $0 | $0 |
| Total Current Liabilities | $1.19M | $1.92M | $3.87M | $1.04M | $642K | $118K | $10K | $2K |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $88K | $643K | $88K | $88K | $92K | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $100K | $10K | $2K |
| Total Long-Term Liabilities | $88K | $643K | $363K | $510K | $92K | $100K | $10K | $2K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | -$100K | -$10K | -$2K |
| Total Liabilities | $1.28M | $2.56M | $4.23M | $1.55M | $734K | $118K | $10K | $2K |
| Stockholders' Equity | ||||||||
| Preferred Stock | $832 | $832 | $832 | $832 | $832 | $832 | $0 | $0 |
| Common Stock | $28K | $27K | $26K | $26K | $24K | $29K | $5K | $5K |
| Retained Earnings | -$6.25M | -$3.3M | -$4.81M | -$3.87M | -$1.3M | $5K | -$21K | -$2K |
| Comprehensive Income & Other | -$2K | -$15K | $1K | $10K | -$2K | $0 | $0 | $0 |
| Other Stockholders' Equity | $7.69M | $4.83M | $3.75M | $3.83M | $1.34M | $29K | $24K | $0 |
| Total Equity | $1.47M | $1.55M | -$1.04M | -$7K | $64K | $63K | $9K | $3K |
| Minority Interest | $0 | $0 | $0 | -$90K | $84K | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.75M | $4.12M | $3.19M | $1.54M | $797K | $182K | $19K | $5K |
| Supplementary Data | ||||||||
| Total Debt | $453K | $835K | $361K | $1.1M | $621K | $100K | $10K | $2K |
| Net Debt | $435K | $762K | $287K | $1.03M | $117K | -$71K | -$4K | -$2K |
Cash Flow Statement
| Period | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-04-30 | 2018-04-30 | 2017-04-30 |
| Operating Activities | ||||||||
| Net Income | -$4.07M | -$241K | -$982K | -$2.66M | -$988K | $26K | -$19K | -$2K |
| Depreciation & Amortization | $294 | $3K | $4K | $113K | $38K | $1K | $1K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $2.84M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $10K | -$267K | -$6 | $53K | $0 | $0 | $0 | $0 |
| Inventory | $4K | $0 | -$1.47M | -$164K | $0 | $0 | $0 | $0 |
| Accounts Payable | -$3K | $2K | $706K | $7K | $25 | $0 | $0 | $0 |
| Other Working Capital | -$14K | $532K | $1.53M | $218K | -$387K | $0 | $1K | -$200 |
| Total Working Capital Change | -$2K | $266K | $774K | $114K | -$387K | $7K | $1K | -$200 |
| Other Non-Cash Items | $911K | -$236K | $207K | $1.47M | $0 | $0 | -$1K | $0 |
| Net Cash from Operating | -$318K | -$208K | $3K | -$967K | -$1.34M | $35K | -$17K | -$2K |
| Investing Activities | ||||||||
| Capital Expenditures | -$77K | $0 | -$150K | -$229K | -$3K | $0 | -$6K | $0 |
| Acquisitions | $0 | $0 | $107K | -$121K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $44K | -$44K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$33K | -$44K | -$43K | -$350K | -$3K | $0 | -$6K | $0 |
| Financing Activities | ||||||||
| Debt Repaid | $521K | -$546K | - | -$1.08M | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $1.31M | $25K | $25K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$288K | $99K | -$161K | $1.3M | $102K | $8K | $2K |
| Net Cash from Financing | $281K | $257K | $99K | $921K | $1.3M | $122K | $33K | $7K |
| Forex Effect | $7K | -$7K | $24K | -$27K | -$14K | $0 | $0 | $0 |
| Net Change in Cash | -$36K | -$1K | $83K | -$424K | -$58K | $157K | $9K | $5K |
| Supplementary Data | ||||||||
| Operating Cash Flow | -$318K | -$208K | $3K | -$967K | -$1.34M | $35K | -$17K | -$2K |
| Capital Expenditure | -$3 | $0 | -$150K | -$229K | -$3K | $0 | -$6K | $0 |
| Free Cash Flow | -$318K | -$208K | -$147K | -$1.2M | -$1.34M | $35K | -$24K | -$2K |
| Cash at Beginning | $54K | $74K | $80K | $504K | $563K | $14K | $5K | $0 |
| Cash at End | $18K | $73K | $163K | $80K | $504K | $171K | $14K | $5K |