VIVIC CORP.

Going-concern yacht-distribution micro-cap with collapsing revenue, negative gross margin, and almost no cash.

Strengths

• Asset-light OEM/outsourced manufacturing model with an established Monte Fino/Kha Shing distribution relationship

Risks

• Explicit going-concern doubt; revenue down ~99%, net margin -7,743%, ROE -191%, only ~$42k cash and current ratio 0.68
• China/Taiwan wind-down, dependence on related-party financing, and minimal operating history

Notable findings

• Going concernRisks Related to Our Business Our registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern in their audit report
• Net lossNet loss (net margin -7742.9%)
• Weak liquidityCurrent ratio 0.69 (<1)
• Chronic dilutionShare count +17%/yr over 2y (dilution)
• Revenue declineRevenue -99.3% YoY