Vestand (VSTD)
Nasdaq Market Closed
Vestand Inc. is a California-based company that combines restaurant operations with a developing focus on real estate investment, property development, and property technology. Its core business background is in operating and expanding restaurant assets, but the company also presents itself as a PropTech platform seeking to apply technology-led processes to real estate acquisition, management, and financing.
The company’s real estate activities include identifying and acquiring properties, overseeing development projects, managing financial aspects of property ownership, and providing ongoing property management services. By linking operational businesses with real estate assets, Vestand aims to participate in both the cash-flow characteristics of hospitality operations and the longer-term value creation associated with property ownership and development.
A distinctive element of Vestand’s strategy is its interest in artificial intelligence-driven real estate investing and security token offerings, or STOs. In this context, AI can be used to support property analysis, market screening, risk assessment, and portfolio management, while tokenization may offer alternative ways to structure access to real estate-related investments. These areas remain highly dependent on execution, regulation, and investor adoption, but they position Vestand in a segment where finance, technology, and real assets increasingly overlap.
As a listed company, Vestand offers public-market exposure to a small and evolving business model rather than to a mature, single-sector operator. Investors typically assess companies of this type by looking at the scalability of their restaurant operations, the quality and financing of real estate projects, regulatory compliance around tokenized securities, and management’s ability to turn a broad strategy into durable revenue streams.
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- Industry
- Eating Places
- Address
- 6940 BEACH BLVD, BUENA PARK, CA, 90621
Vestand Receives Nasdaq Staff Determination Notification Regarding Late 10-Q and 10-K Filings and Continued Listing Requirements
Vestand Appoints Jaeho Yoon as Chief Financial Officer and Andrew Yun as Chief Compliance Officer
Income Statement
| Line Item | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 |
|---|---|---|---|---|---|
| Revenue | 3.69M | 3.51M | 3.69M | 3.02M | 3.33M |
| Gross profit | 2.37M | 2.57M | 2.69M | 2.16M | 2.48M |
| Operating income | -1.7M | -1.27M | 213.28K | -1.05M | -947.38K |
| EBITDA | -1.41M | -1.08M | 452.17K | -789.4K | -754.46K |
| Net income | -1.2M | -1.42M | 537.27K | -1.22M | -1.08M |
| Basic EPS | -0.81 | -0.24 | 0.1 | -0.23 | -0.82 |
| Diluted EPS | -0.81 | -0.24 | 0.1 | -0.23 | -0.82 |
Balance Sheet
| Line Item | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 |
|---|---|---|---|---|---|
| Total assets | 19.07M | 18.99M | 17.57M | 17.31M | 17.13M |
| Total liabilities | 14.38M | 14.84M | 17.32M | 17.71M | 16.39M |
| Total equity | 4.69M | 4.14M | 255.4K | -399.81K | 736.61K |
| Cash & equivalents | 1.33M | 3.4M | 1.24M | 1.71M | 1.19M |
| Current assets | 3.06M | 3.6M | 1.46M | 1.84M | 1.41M |
| Current liabilities | 5.36M | 5.52M | 6.04M | 5.9M | 4.83M |
Cash Flow
| Line Item | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 |
|---|---|---|---|---|---|
| Operating cash flow | -898.81K | -863.2K | -289.5K | 543.26K | 994.65K |
| Investing cash flow | -2.72M | -32.62K | -324.49K | -38.4K | -1.84M |
| Financing cash flow | 1.55M | 3.05M | 142.95K | 13.03K | 685.78K |
| Change in cash | -2.07M | 2.16M | -471.03K | 517.89K | -161.56K |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 8-K — Vestand Inc. | View Filing | |
| edgar index | 8-K — Vestand Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Vestand Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Vestand Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — Vestand Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SEC STAFF ACTION — Vestand Inc. | View Filing | |
| edgar index | 8-K — Vestand Inc. | View Filing | |
| edgar index | 8-K — Vestand Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Vestand Inc. | View Filing | |
| edgar index | SCHEDULE 13D/A — Vestand Inc. | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| edgar index | 4 — Vestand Inc. | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| edgar index | 8-K — Vestand Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Vestand Inc. | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| edgar index | 8-K — Vestand Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Vestand Inc. | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| edgar index | 4 — Vestand Inc. | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| edgar index | 4 — Vestand Inc. | View Filing | |
| edgar index | NT 10-Q — Vestand Inc. | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| edgar index | 4 — Vestand Inc. | View Filing | |
| edgar index | SCHEDULE 13D/A — Vestand Inc. | View Filing | |
| edgar index | 8-K — Vestand Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing | |
| form 4 | Form 4 — Chae James | View Filing |