Issue 002 | U.S. Pilot | US

VIVS

VivoSim Labs, INC.

Screen state: Passing Source state: Verified 10-Q | 2026-02-11 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 57.1%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 6,041,000USD
Total Liabilities: 2,519,000USD
NCAV: 3,522,000USD
Cash: 4,288,000USD
NCAV per share: 1.35USD/share
Evidence: 10 annual | 20 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2025-12-31 10-Q Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-K Open filing	2024-12-31 10-Q Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-K Open filing	2023-12-31 10-Q Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-K Open filing	2022-12-31 10-Q Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-K Open filing	2021-12-31 10-Q Open filing	2021-09-30 10-Q Open filing	2021-06-30 10-Q Open filing	2021-03-31 10-K Open filing	2020-03-31 10-K Open filing	2019-03-31 10-K Open filing	2018-03-31 10-K Open filing	2017-03-31 10-K Open filing	2016-03-31 10-K Open filing
Period-end Shares Outstanding	2,607,9622,607,962	2,607,9622,607,962	2,599,7972,599,797	1,898,0681,898,068	1,427,77917,133,346	256,09715,365,825	239,55114,373,076	167,96210,077,726	163,9799,838,755	145,3248,719,453	145,3038,718,203	n/an/a	145,2438,714,590	145,2218,713,268	145,1998,711,953	145,1778,710,627	145,0938,705,551	145,0918,705,454	144,9698,698,128	144,5088,670,492	2,175,968130,558,098	103,346124,015,429	92,527111,032,957	87,126104,551,466	76,99392,391,989
Weighted-average Basic Shares	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	147,5158,850,881	145,2988,717,870	n/an/a	n/an/a	n/an/a	145,2058,712,284	145,1838,710,968	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	2,607,9622,607,962	2,604,9502,604,950	2,503,6972,503,697	1,463,6091,463,609	1,504,71318,056,561	299,90917,994,538	244,39514,663,693	152,4159,144,922	151,9249,115,455	145,3088,718,502	145,2878,717,232	n/an/a	145,2278,713,617	145,2058,712,284	145,1838,710,968	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	-3-3	-2-2	-1-1	-2-2	-1-1	-0-0	-0-0	-2-2	-1-1	-1-1	-0-0	-2-2	-1-1	-1-1	-0-0	-1-1	-1-1	-1-1	-0-0	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Diluted EPS	-3-3	-2-2	-1-1	-2-2	-1-1	-0-0	-0-0	-2-2	-1-1	-1-1	-0-0	-2-2	-1-1	-1-1	-0-0	-1-1	-1-1	-1-1	-0-0	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	3.0%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	0.0%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	0.0%	0.3%	37.0%	32.9%	457.5%	6.9%	42.6%	2.4%	12.8%	0.0%	Insufficient evidence	Insufficient evidence	0.0%	0.0%	0.0%	0.1%	0.0%	0.1%	0.3%	-93.4%	2005.5%	11.7%	6.2%	13.2%	Insufficient evidence
Ownership Claim Change	0.0%	-0.3%	-27.0%	-24.8%	-82.1%	-6.5%	-29.9%	-2.4%	-11.4%	-0.0%	Insufficient evidence	Insufficient evidence	-0.0%	-0.0%	-0.0%	-0.1%	-0.0%	-0.1%	-0.3%	1405.8%	-95.3%	-10.5%	-5.8%	-11.6%	Insufficient evidence

Verified split events: reverse 20.0 on 2019-06-25; reverse 5.0 on 2025-01-14; reverse 12.0 on 2025-03-21

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-03-31 10-K USD	2024-03-31 10-K USD	2023-03-31 10-K USD	2022-03-31 10-K USD	2021-03-31 10-K USD	2020-03-31 10-K USD	2019-03-31 10-K USD	2018-03-31 10-K USD	2017-03-31 10-K USD	2016-03-31 10-K USD
Revenue	144,000	109,000	370,000	1,500,000	0	2,196,000	3,091,000	3,627,000	3,167,000	806,000
Operating Income	-12,616,000	-15,086,000	-17,731,000	-11,479,000	-16,826,000	-21,475,000	-27,274,000	-35,271,000	-38,575,000	-38,643,000
Net Income	-2,488,000	-14,671,000	-17,259,000	-11,448,000	-16,826,000	-18,710,000	-26,635,000	-34,803,000	-38,447,000	-38,575,000
Cash From Operations	-9,461,000	-14,653,000	-12,408,000	-8,453,000	-13,323,000	-14,882,000	-20,375,000	-28,857,000	-29,185,000	-29,368,000
Capex	-13,000	-42,000	-396,000	-409,000	-405,000	0	-79,000	-226,000	-1,354,000	-2,114,000
Free Cash Flow	-9,474,000	-14,695,000	-12,804,000	-8,862,000	-13,728,000	-14,882,000	-20,454,000	-29,083,000	-30,539,000	-31,482,000
Cash And Equivalents	11,312,000	2,901,000	15,301,000	28,675,000	37,364,000	27,356,000	36,477,000	43,726,000	62,751,000	62,091,000
Accounts Receivable	30,000	33,000	152,000	0	0	111,000	503,000	883,000	647,000	259,000
Inventory	0	297,000	0	n/a	n/a	0	490,000	842,000	550,000	334,000
Total Current Assets	12,131,000	3,936,000	17,048,000	29,533,000	38,398,000	28,318,000	38,574,000	46,760,000	65,092,000	63,652,000
Total Assets	14,650,000	6,349,000	20,313,000	33,296,000	39,917,000	28,441,000	40,623,000	49,827,000	69,180,000	67,576,000
Total Current Liabilities	3,737,000	1,860,000	3,671,000	1,383,000	721,000	1,810,000	3,737,000	4,658,000	6,011,000	4,490,000
Total Liabilities	4,158,000	2,748,000	4,984,000	3,087,000	721,000	1,810,000	4,325,000	5,241,000	6,818,000	5,395,000
Shareholders Equity	10,492,000	3,601,000	15,329,000	30,209,000	39,196,000	26,631,000	36,298,000	44,586,000	62,362,000	62,181,000
Shares Outstanding	2,599,797	239,530	145,282	145,177	144,969	2,175,968	108,523	92,606	87,154	76,993
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	1,463,609	152,415	145,217	145,060	115,033	6,477,808	96,150	89,370	81,469	75,048
Weighted Avg Shares Basic	1,463,609	152,415	145,217	145,060	115,033	6,477,808	96,150	89,370	81,469	75,048
Net Share Count Change (Normalized)	32.9%	2.4%	Insufficient evidence	0.1%	-93.4%	2005.5%	11.7%	6.2%	13.2%	Insufficient evidence
Ownership Claim Change (Normalized)	-24.8%	-2.4%	Insufficient evidence	-0.1%	1405.8%	-95.3%	-10.5%	-5.8%	-11.6%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2025-12-31 10-Q USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-K USD	2024-12-31 10-Q USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-K USD	2023-12-31 10-Q USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-K USD	2022-12-31 10-Q USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-K USD	2021-12-31 10-Q USD	2021-09-30 10-Q USD	2021-06-30 10-Q USD	2021-03-31 10-K USD
Revenue	26,000	28,000	37,000	51,000	24,000	30,000	39,000	29,000	5,000	0	75,000	162,000	131,000	77,000	0	n/a	0	0	n/a	0
Operating Income	-2,750,000	-2,635,000	-2,915,000	-3,154,000	-3,468,000	-2,608,000	-3,386,000	-3,096,000	-3,680,000	-4,115,000	-4,195,000	-7,779,000	-3,359,000	-3,354,000	-3,239,000	-1,913,000	-3,500,000	-3,507,000	-2,559,000	-2,598,000
Net Income	-2,691,000	-2,545,000	-2,843,000	6,852,000	-3,447,000	-2,549,000	-3,344,000	-3,045,000	-3,604,000	-3,994,000	-4,028,000	-7,459,000	-3,264,000	-3,321,000	-3,215,000	-1,911,000	-3,500,000	-3,505,000	-2,532,000	-2,596,000
Cash From Operations	-2,271,000	-2,378,000	-3,940,000	-2,035,000	-1,801,000	-2,642,000	-2,983,000	-2,671,000	-3,522,000	-3,149,000	-5,311,000	-4,733,000	-3,044,000	-2,217,000	-2,414,000	-1,541,000	-3,356,000	-2,143,000	-1,413,000	-2,114,000
Capex	0	0	n/a	0	0	-13,000	0	0	0	-27,000	-15,000	-162,000	-41,000	-119,000	-74,000	-53,000	-133,000	-29,000	-194,000	-111,000
Free Cash Flow	-2,271,000	-2,378,000	n/a	-2,035,000	-1,801,000	-2,655,000	-2,983,000	-2,671,000	-3,522,000	-3,176,000	-5,326,000	-4,895,000	-3,085,000	-2,336,000	-2,488,000	-1,594,000	-3,489,000	-2,172,000	-1,607,000	-2,225,000
Cash And Equivalents	4,288,000	6,677,000	9,055,000	11,312,000	1,161,000	3,174,000	6,187,000	2,901,000	5,295,000	7,617,000	10,754,000	15,301,000	20,196,000	13,265,000	15,568,000	28,675,000	30,269,000	33,791,000	36,008,000	37,364,000
Total Current Assets	6,041,000	7,591,000	9,679,000	12,131,000	2,100,000	4,783,000	7,283,000	3,936,000	6,241,000	8,296,000	11,695,000	17,048,000	21,614,000	24,357,000	26,909,000	29,533,000	31,171,000	34,303,000	36,658,000	38,398,000
Total Liabilities	2,519,000	2,621,000	2,440,000	4,158,000	3,480,000	3,074,000	2,808,000	2,748,000	2,699,000	2,705,000	2,980,000	4,984,000	2,790,000	2,904,000	2,892,000	3,087,000	3,802,000	1,675,000	964,000	721,000
Shares Outstanding	2,607,962	2,607,962	2,599,797	1,898,068	1,454,539	256,097	256,068	239,530	167,335	147,285	145,303	145,283	145,243	145,221	145,199	145,178	145,093	145,091	145,089	144,508
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	2,607,962	2,604,950	2,503,697	1,463,609	1,504,713	299,909	244,395	167,225	151,924	145,308	145,287	145,255	145,227	145,205	145,183	145,114	145,092	145,089	144,945	6,902,000
Weighted Avg Shares Basic	2,607,962	2,604,950	2,503,697	1,463,609	1,504,713	299,909	244,395	167,225	151,924	145,308	145,287	145,255	145,227	145,205	145,183	145,114	145,092	145,089	144,945	6,902,000
Net Share Count Change (Normalized)	0.0%	0.3%	37.0%	32.9%	457.5%	6.9%	42.6%	2.4%	12.8%	0.0%	Insufficient evidence	Insufficient evidence	0.0%	0.0%	0.0%	0.1%	0.0%	0.1%	0.3%	-93.4%
Ownership Claim Change (Normalized)	0.0%	-0.3%	-27.0%	-24.8%	-82.1%	-6.5%	-29.9%	-2.4%	-11.4%	-0.0%	Insufficient evidence	Insufficient evidence	-0.0%	-0.0%	-0.0%	-0.1%	-0.0%	-0.1%	-0.3%	1405.8%

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	6,041,000USD	us-gaap:AssetsCurrent	2025-12-31	1.00	Data Vault \| sec/companyfacts/cik=0001497253/companyfacts.json Data Vault \| sec/companyfacts/cik=0001497253/companyfacts.json
Total Liabilities	2,519,000USD	us-gaap:Liabilities	2025-12-31	1.00	Data Vault \| sec/companyfacts/cik=0001497253/companyfacts.json Data Vault \| sec/companyfacts/cik=0001497253/companyfacts.json
Cash	4,288,000USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2025-12-31	1.00	Data Vault \| sec/companyfacts/cik=0001497253/companyfacts.json Data Vault \| sec/companyfacts/cik=0001497253/companyfacts.json
Shares Outstanding	2,607,962	us-gaap:CommonStockSharesOutstanding	2025-12-31	1.00	Data Vault \| sec/companyfacts/cik=0001497253/companyfacts.json Data Vault \| sec/companyfacts/cik=0001497253/companyfacts.json
NCAV	3,522,000USD	derived	2025-12-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	1.35USD	derived	2025-12-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	57.1%	derived	2025-12-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001497253
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001497253/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001497253/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 26
Imported At: 2026-08-15T12:53:01+00:00
Rendered At: 2026-08-16T03:29:43+00:00

Run Audit

Mary Run: f75c5d221f074da8a489fba328e8ef51
Mary As Of: 2026-07-18
Accession: 0001193125-26-046520
CIK: 0001497253
Mary Filing Date: 2026-02-11
Filing Currency: USD
Internal Discount: 57.1%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=f75c5d221f074da8a489fba328e8ef51; mary_as_of=2026-07-18; mary_filing_date=2026-02-11; mary_accession=0001193125-26-046520; mary_cik=0001497253; gnni_supporting_filing_date=2026-02-11; internal_discount=0.570523; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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