Going concern
Filing comparison
VPR Brands, LP. said management's plans alleviate substantial doubt about going concern
Substantial doubt about ability to continue as a going concern → Substantial doubt raised, alleviated by management's plans
NOTE 3: GOING CONCERN The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company’s operating results raise substantial doubt about the Company’s ability to continue as a going concern, despite net income of $1,940,561 for the three months ended March 31, 2026, and an accumulated deficit of $6,850,017 as of March 31, 2026. The continuation of the Company as a going concern is dependent upon, among other…
Evidence
- Blank check
- No
- Comparable
- Yes
- Current state
- doubt_alleviated
- Current state label
- Substantial doubt raised, alleviated by management's plans
- Direction
- eased
- Located in
- going-concern note
- Prior filed
- 2025-11-14
- Prior form
- 10-Q
- Prior state
- substantial_doubt
- Prior state label
- Substantial doubt about ability to continue as a going concern
- Source
- ASC 205-40 going-concern note comparison
- Why
- Disclosure about the company's ability to continue as a going concern changed compared with its previous report.