v3.25.3

Condensed Balance Sheets - USD ($)	Sep. 30, 2025	Dec. 31, 2024
Current Assets:
Cash	$ 540,650	$ 1,419,934
Accounts receivable, net	318,103	346,618
Royalty receivable	73,344	38,163
Inventory	674,549	605,919
Vendor deposits	142,811	195,702
Deposits	23,378	29,692
Total current assets	1,772,835	2,636,028
Right to use asset	65,106	89,549
Intangible assets, net	41,800	27,833
Total assets	1,879,741	2,753,410
Current Liabilities:
Accounts payable and accrued expenses	933,403	418,007
Customer deposits	28,174	99,789
Lease liabilities, current portion	39,958	34,391
Notes payable, current portion	241,242	271,797
Refund liability	61,880	182,534
Convertible notes payable		69,129
Income tax payable	726,538	741,222
Total current liabilities	2,044,835	1,826,216
Notes payable, less current portion	147,237	147,237
Lease liabilities, net of current portion	31,007	61,678
Total liabilities	2,223,079	2,035,131
Partners’ Capital (Deficit) Surplus:
Common units - 100,000,000 units authorized; 91,746,806 units issued and outstanding	8,312,674	8,312,674
Accumulated deficit	(8,656,012)	(7,594,395)
Total partners’ capital (deficit) surplus	(343,338)	718,279
Total liabilities and partners’ capital surplus	1,879,741	2,753,410
Related Party
Current Liabilities:
Accounts payable - related party	$ 13,640	$ 9,347

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

VPR Brands, LP. 10-Q