Security
Valor Energy Incorporated Common Stock · VAI
VAINASDAQCommon stockCurrentCIK 1711012Updated Nov 14, 2026
Name history
Senmiao Technology Ltd · through Aug 26, 2026
VAI price & chart
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Recent filings
10-Q filing
Unregistered Sales of Equity Securities
Items 3.02
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities
Items 1.01, 3.02, 9.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Show 5 more recent filings
Financials
FY 2026 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2026 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2027 | Q1 2026 | Q1 2025 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 5,741,167Source | 7,891,539Source | 12,135,150Source | 4,682,368Source | 8,596,506Source | 14,758,180Source | 5,305,627Source | 9,207,422Source | 5,257,677Source | 5,800,792Source | 9,861,484Source | 14,238,615Source |
| Property, Plant and Equipment, NetUSD | 1,027,780Source | 1,887,833Source | 2,959,653Source | 1,230,566Source | 2,182,075Source | 724,331Source | 1,455,691Source | 2,341,445Source | 812,934Source | 1,652,921Source | 2,676,524Source | 3,343,457Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 318,750Source | 393,750Source | — | 337,500Source | 412,500Source | 281,250Source | 356,250Source | 548,671Source | 300,000Source | 375,000Source | — | 774,324Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 3,508,226Source | 949,224Source | 1,064,822Source | 676,980Source | 792,025Source | 12,871,865Source | 867,767Source | 748,869Source | — | 833,577Source | 792,299Source | 1,610,090Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,213Source | 40,300Source | 50,820Source | 25,759Source | 22,184Source | — | 34,915Source | 20,156Source | — | 21,127Source | 34,013Source | 158,435Source |
| Inventory, NetUSD | — | — | — | — | — | — | — | — | — | — | — | 6,678Source |
| Assets, CurrentUSD | 4,331,637Source | 1,988,738Source | 5,042,414Source | 2,109,714Source | 2,022,857Source | 13,711,428Source | 2,291,298Source | 2,273,697Source | 4,092,171Source | 2,238,762Source | 2,651,160Source | 4,854,786Source |
| Prepaid Expense and Other Assets, CurrentUSD | 749,655Source | 622,881Source | 1,256,431Source | 882,799Source | 736,146Source | 813,267Source | 1,071,674Source | 1,001,171Source | 471,001Source | 1,015,084Source | 1,022,813Source | 1,438,243Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | 90,982Source | — | — | — | — | 51,489Source | — | — | 60,862Source | — |
| Other Assets, NoncurrentUSD | — | 632,937Source | 650,713Source | — | 658,345Source | — | — | 635,733Source | — | — | 639,863Source | — |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 6,870,700Source | 5,426,690Source | 6,035,040Source | 4,771,498Source | 5,409,622Source | 50,059,573Source | 4,814,209Source | 5,714,908Source | 7,777,200Source | 5,218,172Source | 5,573,116Source | 5,741,549Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 456Source | 1,051Source | 956Source | 251Source | 1,051Source | 1,456Source | 111Source | 1,051Source | 456Source | 1,051Source | 1,051Source | 773Source |
| Additional Paid in CapitalUSD | — | — | 43,834,973Source | — | — | — | — | — | — | — | 43,950,123Source | 43,355,834Source |
| Retained Earnings (Accumulated Deficit)USD | -49,055,747Source | -43,334,452Source | -40,003,077Source | -45,922,713Source | -42,769,137Source | -83,138,642Source | -45,273,970Source | -42,057,688Source | -50,379,773Source | -45,109,573Source | -41,384,268Source | -37,715,294Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -869,464Source | -1,783,267Source | -1,593,976Source | -1,713,815Source | -1,641,269Source | -838,887Source | -1,740,686Source | -1,734,325Source | -851,569Source | -1,697,164Source | -1,672,005Source | -1,247,099Source |
| Stockholders' Equity Attributable to ParentUSD | -4,527,274Source | -1,166,545Source | 2,238,876Source | -3,148,583Source | -459,232Source | -38,579,592Source | -2,642,865Source | 159,161Source | -5,833,405Source | -2,855,563Source | 894,901Source | 4,394,214Source |
| Additional Paid in Capital, Common StockUSD | 45,397,481Source | 43,950,123Source | — | 44,487,694Source | 43,950,123Source | 45,396,481Source | 44,371,680Source | 43,950,123Source | 45,397,481Source | 43,950,123Source | — | — |
| Liabilities and EquityUSD | 5,741,167Source | 7,891,539Source | 12,135,150Source | 4,682,368Source | 8,596,506Source | 14,758,180Source | 5,305,627Source | 9,207,422Source | 5,257,677Source | 5,800,792Source | 9,861,484Source | 14,238,615Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 6,860,489Source | 5,426,690Source | 5,418,047Source | 4,750,824Source | 5,409,622Source | 50,059,573Source | 4,783,613Source | 5,591,409Source | 7,777,200Source | 5,218,172Source | 5,343,210Source | 5,184,823Source |
| Operating Lease, Liability, CurrentUSD | — | — | 33,840Source | — | — | — | — | 14,104Source | — | — | 14,007Source | — |
| Accounts Payable, CurrentUSD | 102,190Source | 171,226Source | 165,839Source | 142,735Source | 143,364Source | 102,429Source | 163,354Source | 152,784Source | 103,563Source | 163,231Source | 140,532Source | 183,645Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | 51,568Source | — | — | — | — | 15,334Source | — | — | 20,430Source | — |
| Deferred Income Tax Liabilities, NetUSD | — | — | 41,525Source | — | — | — | — | 9,413Source | — | — | 11,611Source | 42,930Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 3,354,798Source | 3,397,030Source | 3,626,870Source | 3,016,510Source | 3,411,752Source | 3,235,256Source | 3,091,340Source | 3,098,989Source | 3,270,939Source | 3,203,819Source | 3,159,103Source | 3,833,466Source |
| Additional Financial Items | ||||||||||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | 50,820Source | — | — | — | — | — | — | — | 34,013Source | 158,435Source |
| Accrued Liabilities, CurrentUSD | 163,827Source | 502,955Source | 430,341Source | 429,501Source | 477,010Source | 85,840Source | 471,489Source | 609,965Source | 60,289Source | 520,876Source | 516,210Source | 226,721Source |
cash flow · annual statements
| Line item | Q4 2026 | Q4 2025 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | Q1 2027 | Q1 2026 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -2,969,482Source | -583,378Source | -723,730Source | -425,453Source | -32,786,087Source | -276,438Source | -5,371,504Source | -3,680,812Source | -4,234,214Source | -3,790,693Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 158,604Source | 219,397Source | 881,130Source | 913,443Source | 933,395Source | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 250,000Source | — | — | — | — | — | 250,000Source | — | 444,300Source | — |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | — | -1,217Source | -9,158Source | 1,352Source | -115,567Source | -224,673Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | — | — | — | — | -6,825Source | -316,139Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | — | -1,981Source | — | 67,693Source | 169,376Source | 170,703Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | — | -29,222Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -881,647Source | -321,155Source | -1,601,561Source | 500,303Source | 7,241Source | 557,837Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -39,538Source | -385Source | -193,939Source | -464,778Source | -569,608Source | 320,528Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 61,875Source | — | — | 1,602Source | 671,679Source | 1,151,076Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 10,230,000Source | 377,471Source | 4,419,010Source | -123,720Source | -168,340Source | -373,834Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 9,309,646Source | 34,190Source | 2,766,244Source | 38,941Source | -815,454Source | 424,869Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 3,545,828Source | 949,224Source | 677,037Source | 792,025Source | 12,871,865Source | 867,767Source | 3,599,821Source | 833,577Source | 794,636Source | — |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | — | — | 17,630Source | 0Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | 831Source | -21,741Source | 142,734Source | 127,136Source | -84,747Source | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | — | — | — | — | 250,000Source | — | — | 0Source |
| Amortization of Intangible AssetsUSD | — | — | 18,750Source | 18,750Source | 18,750Source | 18,750Source | 18,750Source | 18,750Source | 75,000Source | 75,029Source | 172,135Source | 184,215Source |
| Deconsolidation, Gain (Loss), AmountUSD | — | — | — | — | — | — | — | — | — | 397,003Source | — | — |
| DepreciationUSD | — | — | 220,043Source | 225,782Source | 219,626Source | 228,626Source | 158,604Source | 219,397Source | 881,130Source | 913,443Source | — | 1,095,518Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 813,405Source | 121,314Source | 3,127Source | -7,127Source | 2,732,106Source | 77,182Source | 202,959Source | — | — | — |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | 426,766Source | — | — | — | — | — | 426,766Source | — | — | — |
| Financing Interest ExpenseUSD | — | — | — | 3,365Source | — | 4,270Source | — | 615Source | — | 15,145Source | 29,088Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | 14,663Source | — | 21,923Source | 4,020Source | 34,801Source | 452,522Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | — | — | — | — | — | — | — | -19,636Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | 42,581Source | — | — | — |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | — | — | — | -32,786,087Source | -312,693Source | -5,268,901Source | -3,467,165Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -2,948,938Source | -257,495Source | -723,730Source | -238,739Source | -32,786,087Source | -312,693Source | -5,268,901Source | -3,467,165Source | — | -3,790,693Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -20,544Source | -325,883Source | — | -186,714Source | — | 36,255Source | -102,603Source | -213,647Source | — | 0Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | — | -9,016Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -3,133,034Source | -565,315Source | -648,743Source | -711,449Source | -32,758,869Source | -164,397Source | -5,270,200Source | -3,725,305Source | -3,668,974Source | -3,113,749Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 163,552Source | -18,063Source | -74,987Source | 285,996Source | -27,218Source | -112,041Source | -101,304Source | 44,493Source | -565,240Source | -676,944Source |
| Nonoperating Income (Expense)USD | — | — | -1,852,353Source | 153,546Source | 34,483Source | 377,008Source | -32,155,307Source | 106,269Source | -2,380,704Source | 400,351Source | — | 2,350,215Source |
| Operating ExpensesUSD | — | — | 1,146,065Source | 516,970Source | 1,032,301Source | 712,646Source | 692,472Source | 500,829Source | 3,098,397Source | 4,717,319Source | 6,285,482Source | 7,633,421Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 206,432Source | — |
| Operating Lease, Impairment LossUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | — | — | -737,700Source | 29,087Source | 312,792Source | — | — | 664,001Source |
| Other Operating Income (Expense), NetUSD | — | — | — | — | — | — | — | — | — | — | 481,681Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | 660,000Source | — | — | — | 11,000,000Source | — | 659,992Source | — | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 358,684Source | 451,447Source | 936,344Source | 745,880Source | 360,889Source | 427,698Source | 1,546,127Source | 3,389,072Source | 4,320,031Source | — |
income statement · annual statements
| Line item | Q4 2026 | Q4 2025 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | Q1 2027 | Q1 2026 | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 358,684Source | 916,954Source | 906,502Source | 742,258Source | 360,889Source | 836,042Source | 1,546,127Source | 3,342,611Source | 6,779,686Source | 8,082,514Source |
| Cost of RevenueUSD | — | — | 309,204Source | 698,970Source | 631,623Source | 631,647Source | 299,197Source | 603,505Source | 1,335,927Source | 2,424,901Source | 4,781,009Source | — |
| Selling, General and Administrative ExpenseUSD | — | — | 651,157Source | 412,270Source | 907,255Source | 530,651Source | 692,472Source | 500,829Source | 2,426,333Source | 2,624,120Source | 4,115,436Source | 6,142,447Source |
| Operating Income (Loss)USD | — | — | -1,096,585Source | -411,041Source | -758,213Source | -615,747Source | -630,780Source | -418,962Source | -2,888,197Source | -3,867,516Source | -4,724,911Source | -6,140,908Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | — | — | -737,700Source | 29,087Source | 312,792Source | — | — | 664,001Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | -2,948,938Source | -257,495Source | -723,730Source | -238,739Source | -32,786,087Source | -312,693Source | -5,268,901Source | -3,467,165Source | — | -3,790,693Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | — | -9,016Source | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 163,552Source | -18,063Source | -74,987Source | 285,996Source | -27,218Source | -112,041Source | -101,304Source | 44,493Source | -565,240Source | -676,944Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -3,133,034Source | -565,315Source | -648,743Source | -711,449Source | -32,758,869Source | -164,397Source | -5,270,200Source | -3,725,305Source | -3,668,974Source | -3,113,749Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.88Source | -0.54Source | -0.43Source | -0.68Source | -6.41Source | -0.15Source | -1.97Source | -0.35Source | — | -0.43Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.88Source | -0.54Source | -0.43Source | -0.68Source | -6.41Source | -0.15Source | -1.97Source | -0.35Source | -0.41Source | -0.43Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 3,562,698Source | 1,052,122Source | 1,499,154Source | 1,052,122Source | 5,107,258Source | 1,082,802Source | 2,675,178Source | 10,521,222Source | 8,863,190Source | 7,195,781Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 3,562,698Source | 1,052,122Source | 1,499,154Source | 1,052,122Source | 5,107,258Source | 1,082,802Source | 2,675,178Source | 10,521,222Source | 8,863,190Source | 7,195,781Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 18,750Source | 18,750Source | 18,750Source | 18,750Source | 18,750Source | 18,750Source | 75,000Source | 75,029Source | 172,135Source | 184,215Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | — | — | — | — | — | 17,334Source | — | — | — | — | — | 6,590,001Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | — | — | 20,206Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | — | — | — | 1,278,797Source | — | — |
| Financing Interest ExpenseUSD | — | — | — | 3,365Source | — | 4,270Source | — | 615Source | — | 15,145Source | 29,088Source | — |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Gross ProfitUSD | — | — | 49,480Source | 105,929Source | 274,088Source | 96,899Source | 61,692Source | 81,867Source | 210,200Source | 849,803Source | 1,560,571Source | 1,492,513Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | — | — | — | — | — | — | — | — | -4,243,230Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | — | — | — | — | -32,786,087Source | -312,693Source | -5,268,901Source | -3,467,165Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | -86,294Source | — | — | — | -185,349Source | — | -773,780Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -2,948,938Source | -257,495Source | -723,730Source | -238,739Source | -32,786,087Source | -312,693Source | -5,268,901Source | -3,467,165Source | — | -3,790,693Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | — | — | — | — | -6.41Source | -0.18Source | — | — | — | -0.43Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -0.87Source | -0.23Source | -0.43Source | -0.5Source | -6.41Source | -0.18Source | -1.93Source | -0.33Source | — | -0.43Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -20,544Source | -325,883Source | — | -186,714Source | — | 36,255Source | -102,603Source | -213,647Source | — | 0Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 17,630Source | — |
| Nonoperating Income (Expense)USD | — | — | -1,852,353Source | 153,546Source | 34,483Source | 377,008Source | -32,155,307Source | 106,269Source | -2,380,704Source | 400,351Source | — | 2,350,215Source |
| Operating ExpensesUSD | — | — | 1,146,065Source | 516,970Source | 1,032,301Source | 712,646Source | 692,472Source | 500,829Source | 3,098,397Source | 4,717,319Source | 6,285,482Source | 7,633,421Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 206,432Source | — |
| Other ExpensesUSD | — | — | — | — | — | — | — | — | — | — | 444,300Source | — |
| Other Operating Income (Expense), NetUSD | — | — | — | — | — | — | — | — | — | — | 481,681Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 358,684Source | 451,447Source | 936,344Source | 745,880Source | 360,889Source | 427,698Source | 1,546,127Source | 3,389,072Source | 4,320,031Source | — |
Offerings
Registration 333-299126
Filing attachments
ea027216901ex99-1_senmiao.htm · 8-K · 2026-01-07
Exhibit 99.1 SENMIAO TECHNOLOGY LIMITED Unaudited Pro Forma Condensed Combined Balance Sheet (Expressed in U.S. dollar, except for the number of shares) As of September 30, 2025 September 30, Pro Forma adjustments Pro Forma adjustments Septem…
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