U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________

FORM 10-Q

[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended ~~June30~~December 31, 2013

[ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission File No. 333-166884

_____________________________________

VR HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)	52-2130901 (I.R.S. Employer Identification Number)
1615 Chester Road, Chester, Maryland (Address of principal executive offices)	21619 (Zip Code)
1825 Ponce de Leon Blvd, Suite 56 Coral Gables, FL (Address of principal executive offices)	33134 (Zip Code)
(443) 519-0129 (registrant’s telephone number, including area code)
(305) 602-1010 (registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirement for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [ ] No [ X ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check One):


Large accelerated filer [ ]	Accelerated filer [ ]
Non-accelerated filer [ ]	Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12(b)-2 of the Exchange Act). Yes [ ] No [ X ]

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. At ~~August~~September 15, ~~2013~~ 2014, the registrant had outstanding ~~448~~450,~~039~~139,037 shares of common stock.

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Table of Contents

Part I – Financial Information. Item 1. Financial Statements 3 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3. Quantitative and Qualitative Disclosures about Market Risk 26 Item 4. Controls and Procedures 26 Item 4(T). Controls and Procedures 26 Part II- Other Information Item 1. Legal Proceedings 28 Item 1A. Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 29

Part I –	Financial Information.

Item 1.	Financial Statements	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	21
Item 4.	Controls and Procedures	21
Item 4(T).	Controls and Procedures	21

Part II-	Other Information

Item 1.	Legal Proceedings	22
Item 1A.	Risk Factors	22
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	22
Item 3.	Defaults Upon Senior Securities	22
Item 4.	Mine Safety Disclosures	22
Item 5.	Other Information	22
Item 6.	Exhibits	22

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PART I – FINANCIAL INFORMATION

Item 1. Financial Statements.

VR Holdings, Inc.

(A Development Stage Company)

Consolidated Balance Sheets

(Unaudited)

	June 30,			September 30,
	December 31,			September 30,
ASSETS	2013			2012
	2013			2013
ASSETS
Current assets:
Cash	$	284		$	~~5,580~~284
Assets held for sale		2814,~~773~~690			4716,~~300~~047
Total assets	$	2914,~~057~~974		$	5216,~~880~~331
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities:
Accounts payable and accrued liabilities	$	~~513~~528,~~210~~583		$	~~478~~514,~~832~~022
Accounts payable, related party		238,~~643~~390			238,~~643~~390
Liabilities, related to assets held for sale		6359,~~988~~552			5362,~~514~~737
Liabilities, related party related to assets held for sale		27,355			27,355
Total current liabilities		~~607~~653,~~196~~880			~~562~~642,~~344~~504
Shareholders’ deficit:
Common stock, $0.000001 par value; 550,000,000 shares authorized, 448,039,037 and 448,039,037 shares issued and outstanding, respectively		449			449
Additional paid-in capital		15,~~113~~578,~~899~~003			15,~~113~~578,~~899~~003
Accumulated deficit		(15,492,955	)		(15,492,955	)
Deficit during development stage		(~~199~~724,~~532~~403	)		(~~130~~711,~~857~~670	)
Total shareholders’ deficit		(~~578~~638,~~139~~906	)		(~~509~~626,~~464~~173	)
Total liabilities and shareholders’ deficit	$	2914,~~057~~974		$	5216,~~880~~331
See notes to consolidated financial statements.

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VR Holdings, Inc.

(A Development Stage Company)

Consolidated Statements of Operations

(Unaudited)

	For the Three Months Ended June 30,
	For the Three Months Ended December 31, 2013						For the Period from July 25, 2006 (Re-entry to development stage) to December 31, 2013
	2013			2012
Revenue	$	—		$	—		$	—
Expenses:
General and administrative		1110,~~809~~126			3815,~~968~~486			5,433,852
Impairment of goodwill		—			—			1,266,892
Loss from Operations		(1110,~~809~~126	)		(3815,~~968~~486	)		(6,700,744	)
Other income (expense)
Gain on forgiveness of debt		—			—			7,414,017
Interest expense		—			—			(110,522	)
Net income (loss) from continuing operations		(1110,~~809~~126	)		.(3815,~~968~~486	)		602,751
Net income (loss) from discontinued operations		(192,~~448~~607	)		(115,~~297~~841	)		(1,327,154	)
Net income (loss)	$	(3112,~~257~~733	)	$	(4031,~~265~~327	)	$	(724,403	)
Net loss per common share, basic and diluted
Continuing operations	$	(0.00	)	$	(0.00	)
Net loss per common share, basic and diluted
Discontinued operations	$	(0.00	)	$	(0.00	)
Net loss per common share, basic and diluted
Total	$	(0.00	)	$	(0.00	)
Weighted average number of common shares – basic and diluted		448,039,037			~~458~~448,~~776~~039,~~815~~037
See notes to consolidated financial statements.

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VR Holdings, Inc.

(A Development Stage Company)

Consolidated Statements of ~~Operations~~Cash Flows

(Unaudited)

	For the Nine Months Ended June 30,						For the Period from July 25, 2006 to June 30,
	For the Three Months Ended December 31,						For the Period from Re-Entry to Development Stage July 25, 2006 to December 31, 2013
	2013			2012			~~2013~~
Revenue	$	—		$	—		$	—
CASH FLOWS FROM OPERATING ACTIVITIES;
Expenses:
Net income (loss)	$	(12,733	)	$	(31,327	)	$	(724,403	)
General and administrative		39,663			163,557			4,923,008
Adjustments to reconcile net income (loss) to net cash from operating activities:
Impairment of goodwill		—			2,944,539			1,266,892
Depreciation		55			—			220
Loss from Operations		(39,663	)		(3,108,096	)		(6,189,900	)
Share-based compensation		—			—			4,005,475
Other income (expense)
Expenses paid by shareholder		—			—			168,570
Gain on forgiveness of debt		—			—			7,414,017
Shares for services		—			—			765,000
Interest expense		—			—			(110,522	)
Impairment of goodwill		—			—			1,266,892
Net income (loss) from continuing operations		(39,663	)		(3,108,096	)		1,113,595
Loss on exchange of debt for stock		—			—			1,153,815
Net income (loss) from discontinued operations		(29,012	)		(56,040	)		(1,313,127	)
Gain on settlement of debt		—			—			(7,414,017	)
Net income (loss)	$	(68,675	)	$	(3,164,136	)	$	(199,532	)
Changes in operating assets and liabilities
Net loss per common share, basic and diluted
Due from related party		(5,989	)		14,000			(9,409	)
Continuing operations	$	(0.00	)	$	(0.01	)
Accounts payable		11,376			36,003			581,554
Net loss per common share, basic and diluted
Accounts payable – related party		—			(24,721	)		(4,567	)
Discontinued operations	$	(0.00	)	$	(0.00	)
Accrued interest payable		—			—			108,740
Net loss per common share, basic and diluted
Net cash used by operating activities		(7,291	)		(6,045	)		(102,130	)
Total	$	(0.00	)	$	(0.01	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Weighted average number of common shares – basic and diluted		448,039,037			451,532,403
Cash acquired from business acquisition		—			—			270
Purchase of fixed assets		—			(1,665	)		(832	)
Proceeds from sale of stocks		—			—			5,000
Net, cash provided (used) by investing activities		—			(1,665	)		4,438
CASH PROVIDED BY FINANCING ACTIVITIES:
Net proceeds from issuance of common stock		—			—			48,265
Net proceeds from notes payable		—			—			50,000
Net cash provided by financing activities		—			—			98,265
NET CHANGE IN CASH		(7,291	)		(7,710	)		573
CASH AT BEGINNING OF PERIOD		7,864			8,880			—
CASH AT END OF PERIOD	$	573		$	1,170		$	573
SUPPLEMENT CASH FLOW DISCLOSURE
Cash paid for:
Interest	$	—		$	—		$	—
Income taxes		—			—			—
Non-cash financing activities:
Debt converted to common stock	$	—		$	—		$	8,187,678
Forgiveness of related party accounts payable	$	—		$	—		$	5,955
See notes to consolidated financial statements.

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VR Holdings, Inc.

(A Development Stage Company)

Consolidated Statements of Cash Flows

(Unaudited)

	For the Nine Months Ended June 30,						For the Period from July 25, 2006 to June 30,
	2013			2012			2013
CASH FLOWS FROM OPERATING ACTIVITIES;
Net income (loss)	$	(68,675	)	$	(3,164,136	)	$	(199,532	)
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation		110			—			110
Share-based compensation		—			—			3,547,326
Expenses paid by shareholder		—			986			168,570
Shares for services		—			—			765,000
Impairment of goodwill		—			2,944,539			1,266,892
Loss on exchange of debt for stock		—			—			1,153,815
Gain on settlement of debt		—			—			(7,414,017	)
Changes in operating assets and liabilities
Accounts receivable		16,200			(60,000	)		(23,420	)
Prepaid expenses		—			(2,940	)		—
Accounts payable		72,206			86,297			564,662
Accounts payable – related party		(27,354	)		23,500			(40,314	)
Accrued interest payable		—			—			108,740
Net cash used by operating activities		(7,513	)		(171,754	)		(102,168	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash acquired from business acquisition		—			7,472			270
Purchase of fixed assets		(832	)		—			(832	)
Proceeds from sale of stocks		—			—			5,000
Net, cash provided (used) by investing activities		(832	)		7,472			4,438
CASH PROVIDED BY FINANCING ACTIVITIES:
Net proceeds from issuance of common stock		—			48,263			48,265
Net proceeds from related parties		—			69,207			—
Net proceeds from notes payable		—			50,000			50,000
Net cash provided by financing activities		—			166,183			98,265
NET CHANGE IN CASH		(8,345	)		1,901			535
CASH AT BEGINNING OF PERIOD		8,880			—			—
CASH AT END OF PERIOD	$	535		$	1,901		$	535
SUPPLEMENT CASH FLOW DISCLOSURE
Cash paid for:
Interest	$	—		$	—		$	—
Income taxes		—			—			—
Non-cash financing activities:
Common stock issued for business acquisition		$ $		$	2,625,000		$	2,625,000
Debt converted to common stock	$		$-	$	—		$	8,187,678

See notes to consolidated financial statements.

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VR Holdings, Inc.

(A Development Stage Company)

Notes to Consolidated Financial Statements

(Unaudited)

NOTE 1 – BASIS OF PRESENTATION

The accompanying unaudited interim consolidated financial statements have been prepared by VR Holdings, Inc. pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with such rules and regulations. The information furnished in the interim consolidated financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim consolidated financial statements be read in conjunction with VR Holdings’ most recent audited consolidated financial statements and notes thereto included in VR Holdings’ September 30, ~~2012~~2013 Form 10-K. Operating results for the three and six months ended ~~June~~December 3031, ~~2013~~2014 are not necessarily indicative of the results that may be expected for the ~~year~~ year ending September 30, 2013.

Development Stage

VR Holdings re-entered the development stage on July 25, 2006. From inception to July 24, 2006, the Company had an accumulated deficit of $15,492,955.

Principles of Consolidation

The financial statements include the accounts of VR Holdings, Inc. and its subsidiaries. Intercompany transactions and balances have been eliminated.

Estimates and Assumptions

Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Examples include valuation of stock-based compensation. Actual results and outcomes may differ from management’s estimates and assumptions.

~~New~~Cash ~~Accounting~~and ~~Pronouncements~~Cash Equivalents

The Company considers all highly liquid short-term investments purchased with an original maturity of three months or less to be cash equivalents. At December 31, 2013, the Company had $572 of cash, $288 of which is included in assets held for sale, and $0 cash equivalents. At September 30, 2013, the Company had $7,865 of cash, $7,581 of assets held for sale, and $0 cash equivalents.

Goodwill

The Company follows the policy of recognizing Goodwill when acquiring a company or line of business to the extent that the assets acquired net of liabilities assumed is less than the value of the purchase price. The Goodwill generated is then evaluated as to its continuing value and any deterioration is amortized through charges to the Statement of Operations.

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Discontinued Operations

The Company follows the policy of segregating the assets and liabilities of subsidiaries or lines of business on its Balance Sheet from the assets liabilities of continuing subsidiaries or lines of businesses when it is decided to close or dispose of a subsidiary or line of business. The Company also, follows the policy of separately disclosing the assets and liabilities and the net operations of a subsidiary or line of business in its financial statements when it is decided to close or dispose of a subsidiary or line of business.

Goodwill Impairment

The Company follows the policy of annually reviewing the carrying value of its Goodwill assets as to any impairment of the current value. In those cases where there has been an impairment of the carrying value of Goodwill, the carrying value of Goodwill is adjusted to reflect this impairment through a charge to the current year Statement of Operations.

Interests in Litigation

The interests in litigation are being accounted for as gain contingencies. Therefore, no amounts have been recorded for these interests in the consolidated financial statements. Any gains will be recorded when realized.

Income Taxes

An asset and liability approach is used for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss carryforwards (“NOLs”). If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized.

Stock-Based Compensation

We measure compensation cost at the grant date based on the fair value of the award and recognize compensation cost upon the probable attainment of a specified performance condition or over a service period.

Reclassifications

Certain amounts from prior periods have been reclassified to conform to the current period presentation.

Earnings (Loss) Per Common Share

Basic net earnings (loss) per common share are computed by dividing net earnings (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.

The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The dilutive effect of outstanding convertible securities is reflected in diluted earnings per share by application of the if-converted method.

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The basic net loss per common share is computed by dividing the net loss by the weighted average number of shares outstanding during a period. Diluted net loss per common share is computed by dividing the net loss, adjusted on an as if converted basis, by the weighted average number of common shares outstanding plus potential dilutive securities using the treasury stock method. For the periods ended December 31, 2013 and 2012, potential dilutive securities that had an anti-dilutive effect were not included in the calculation of diluted net loss per common share. These securities include options and warrants to purchase shares of common stock. Under the treasury stock method, an increase in the fair market value of the Company’s common stock results in a greater dilutive effect from outstanding options, restricted stock awards and common stock warrants.

As of December 31, 2013 and 2012, all potentially dilutive securities are anti-dilutive.

Recently Issued Accounting Pronouncements

In July 2013, FASB issued ASU No. 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists." The provisions of ASU No. 2013-11 require an entity to present an unrecognized tax benefit, or portion thereof, in the statement of financial position as a reduction to a deferred tax asset for a net operating loss carryforward or a tax credit carryforward, with certain exceptions related to availability. ASU No. 2013-11 is effective for interim and annual reporting periods beginning after December 15, 2013. The adoption of ASU No. 2013-11 is not expected to have a material impact on the Company's Consolidated Financial Statements.

February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to:

Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period; and

Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.

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The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact on our financial position or results of operations.

In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations.

In October 2012, the FASB issued Accounting Standards Update ASU 2012-04, “Technical Corrections and Improvements” in Accounting Standards Update No. 2012-04. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update will be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 is not expected to have a material impact on our financial position or results of operations.

In August 2012, the FASB issued ASU 2012-03, “Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update)” in Accounting Standards Update No. 2012-03. This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 is not expected to have a material impact on our financial position or results of operations.

In July 2012, the FASB issued ASU 2012-02, “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” in Accounting Standards Update No. 2012-02. This update amends ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment and permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles - Goodwill and Other - General Intangibles Other than Goodwill. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The adoption of ASU 2012-02 has not had a material impact on our financial position or results of operations.

In December 2011, the FASB issued ASU 2011-12, “Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. This update defers the requirement to present items that are reclassified from accumulated other comprehensive income to net income in both the statement of income where net income is presented and the statement where other comprehensive income is presented. The adoption of ASU 2011-12 has not had a material impact on our financial position or results of operations.

In December 2011, the FASB issued ASU No. 2011-11 “Balance Sheet: Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). This Update requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The objective of this disclosure is to facilitate comparison between those entities that prepare their financial statements on the basis of U.S. GAAP and those entities that prepare their financial

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~~statements~~In onOctober 2012, the ~~basis~~FASB ofissued Accounting ~~IFRS~~Standards Update ASU 2012-04, “Technical Corrections and Improvements” in Accounting Standards Update No. 2012-04. The ~~amended~~amendments ~~guidance is~~in ~~effective~~this ~~for~~update ~~annual~~cover ~~reporting~~a ~~periods~~wide ~~beginning~~range onof orTopics ~~after~~in ~~January~~the 1,Accounting ~~2013,~~Standards Codification. These amendments include technical corrections and ~~interim~~improvements ~~periods~~to ~~within~~the ~~those~~Accounting ~~annual~~Standards ~~periods.~~Codification and conforming amendments VRrelated ~~Holdings~~to isfair ~~currently~~value ~~evaluating~~measurements. ~~the~~The ~~impact,~~amendments ifin ~~any~~this update will be effective for fiscal periods beginning after December 15, ~~that~~2012. ~~the~~The adoption of ~~this~~ASU ~~pronouncement~~2012-04 ~~may~~is not expected to have ona ~~its~~material ~~results~~impact ofon ~~operations or~~our financial position or results of operations.

There were various other accounting standards and interpretations issued recently, none of which are expected to have a material impact on our consolidated financial position, operations or cash flows.

Subsequent Events

VR Holdings evaluated subsequent events through the date the financial statements were issued.

NOTE 2 – GOING CONCERN

At ~~June~~December 3031, 2013, we had $14,974 of assets, $653,880 of liabilities and a working capital deficit of $~~578~~638,~~139~~906. Through ~~June~~September 30, 2013, we have been primarily engaged in ~~preparation~~advancement ~~and filing~~ of ~~lawsuits~~pending litigation. In the course of our ~~development~~ activities, we have sustained losses and expect such losses to continue through at least ~~2013and~~fiscal year 2014 if there were no change of strategy. We ~~expect~~The current plan of VR Holdings is to acquire ~~finance~~a ~~our~~portfolio of other operating companies, and expand those operations. ~~primarily~~A ~~through~~Letter ~~future~~of ~~financing~~Intent was signed on January 5, ~~including~~2014, whereby VR Holdings is interested in acquiring all of the ~~sale~~outstanding ownership interests (the “Acquisition”) of ~~stock~~Enelco Environmental inTechnologies VRCo., ~~Holdings~~Ltd. Weand ~~will~~EETC USA, LLC (collectively referred to as “EETC”) from China MPP Ventures, LLC, a Maryland limited liability company (“CMPP”) on terms that would be mutually agreeable. We previously reported ~~required~~the toexecution ~~obtain~~of ~~additional~~the ~~capital~~Letter inof Intent by the ~~future~~filing of a Form 8-K with the Securities and Exchange Commission on January 8, 2014. Neither counsel nor VR Holdings offers any guarantee regarding the proposed acquisition, completion or outcome of the transaction. Subsequently, A Share Exchange Agreement was executed on March 28, 2014, by VR Holdings, CMPP, Zhu, Lapides and Deohge to ~~continue~~acquire certain ~~operations~~interests of CMPP. However, milestone events were not achieved, and the Agreement was terminated on July 7, 2014.

~~Although~~VR weHoldings ~~were~~still ~~incorporated~~maintains inits ~~1998,~~interest wein ~~have no recent operating history before the merger with~~ Litigation Dynamics, ~~Inc.~~as ~~(“LDI”).~~well Weas ~~cannot forecast with any degree of certainty whether any of our proposed litigation services will ever generate revenue or~~ the ~~amount~~claims of ~~revenue to be generated. In addition, we cannot predict~~ the ~~consistency of our operating results. We are currently involved in a lawsuit. If we are successful in the~~ litigation~~, we plan on utilizing the proceeds to be received to fund our operations~~. IfVR weHoldings ~~are~~continues ~~not successful in the litigation, or if we receive only a minimal amount, we will not have sufficient money~~ to ~~fund~~pursue ~~our~~acquisition ~~proposed operations.~~candidates ~~In such event, we will have~~ to ~~raise~~meet ~~capital~~its ~~either~~business ~~through equity or debt offerings~~strategy.

~~There~~Through isfuture nofinancing, ~~assurance that we~~including ~~will be able to obtain such additional capital through equity or~~ debt ~~financing,~~structures or ~~any~~the ~~combination~~sale ~~thereof,~~of orstock onin ~~satisfactory terms~~the ~~or at all. Additionally~~Company, nowe ~~assurance can be given that any such financing, if obtained,~~ will be ~~adequate~~required to meet our ultimate capital needs and to support our growth. If adequate capital cannot be obtained on a timely basis and on satisfactory terms, our operations would be materially negatively impacted. Further, if we do not obtain additional ~~funding~~capital ~~during~~in the ~~year~~future ~~2013,~~to ~~we may~~continue ~~enter into bankruptcy and possibly cease~~ operations ~~thereafter~~.

Although we were incorporated in 1998, we have no recent revenue to date and we cannot forecast with any degree of certainty whether any of our proposed litigation services will ever generate revenue or the amount of revenue to be generated. In addition, we cannot predict the consistency of our operating results. We are currently involved as plaintiffs in a lawsuit. If we are successful in the litigation, we plan on utilizing any proceeds to be received to fund our operations. If we are not successful in the litigation, or if we receive only a minimal amount, we will not have sufficient money to fund our proposed operations. In such event, we will have to raise capital either through equity or debt offerings to fund our plan of acquisition. There is no assurance that we will be able to obtain additional capital through equity or debt financing, or any combination thereof, or on satisfactory terms or at all. Additionally, no assurance can be given that any such financing, if obtained, will be adequate to meet our ultimate capital needs and to support our growth. If adequate capital cannot be obtained on a timely basis and on satisfactory terms, our operations would be materially negatively impacted. Further, if we do not obtain additional funding prior to or during fiscal year 2014, we may enter into bankruptcy and possibly cease operations thereafter.

As a result of the above discussed conditions, there exists substantial doubt about our ability to continue as a going concern. Our financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments relating to the recoverability of the recorded assets or the classification of liabilities that may be necessary should it be determined that we are unable to continue as a going concern.

~~Note~~NOTE 3 – ~~ACQUISITION~~ EQUITY

InOn ~~January~~May ~~2012~~10, VR2010, ~~Holdings~~the Company ~~entered~~issued ~~into~~300,000 anshares ~~agreement~~of ~~with~~common ~~Litigation~~stock ~~Dynamics,~~valued ~~Inc.~~at to$196 ~~have Litigation Dynamics, Inc~~($0.0006545 ~~merge~~per ~~into~~share) VRfor ~~Holdings,~~services ~~Inc.~~rendered ~~Subsequent~~ to the ~~completion~~Company. ofThe ~~this~~value ~~acquisition,~~of these ashares ~~formal valuation~~ was ~~obtained~~determined ~~from~~based anon ~~independent valuation firm to assist VR Holdings in establishing~~ the ~~values~~value of ~~the~~shares ~~assets~~previously ~~and~~issued ~~liabilities~~by ~~of Litigation Dynamics, Inc. at~~ the ~~date of the acquisition~~Company.

The acquisition has been accounted for as a business combination, and VR Holdings valued all assets and liabilities acquired at their fair values on the date of acquisition. Accordingly, the assets and liabilities of the acquired entity were recorded at their estimated fair values at the date of the acquisition.

This evaluation determined that the price paid by VR Holdings for Litigation Dynamics, Inc. created intangible assets relating to Tradenames of $4,000 and Goodwill of $1,262,892. Based upon a subsequent review performed by VR Holdings of the continuing value of these assets, it was determined that these assets had no continuing value and were expensed by a charge to the Statement of Operations for the year ended September 30, 2012.

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~~Actual~~On ~~results~~August of24, ~~operations of Litigation Dynamics~~2010, ~~Inc. are included in VR Holdings’ consolidated financial statements from~~ the ~~date~~Company ofissued ~~acquisition.~~100,000 ~~The~~shares ~~allocation~~ of ~~the~~common ~~purchase~~stock ~~price~~ to ~~assets~~a ~~and~~consultant ~~liabilities~~for ~~based~~services. ~~upon~~These ~~the~~shares ~~fair~~were ~~market~~valued ~~determination~~ at ~~the date of acquisition was as follows:~~$65.

Cash	$	270
Account receivable, net of allowance of $26,000		4,380
Accounts payable		(41,374	)
Notes payable – related party		(87,668	)
Note payable – long term debt		(300,000	)
Net tangible Assets/liabilities	$	(424,392	)
Trade-names		4,000
Cash paid by Litigation Dynamics to VR Holdings		20,000
Goodwill		1,262,892
Total Net Assets Acquired	$	862,500
Total consideration paid - Common stock (paid to Litigation Dynamics, Inc.)	$	862,500

On August 30, 2010, the Company issued warrants to purchase 2,000,000 shares of common stock at an exercise price of $0.10 for a period of five years. The warrants were issued for services rendered by two attorneys. The fair value of the warrants at the date of grant was $1,308.

~~NOTE~~The warrants were valued using the Black-Scholes option-pricing model. Variables used in the Black-Scholes pricing model for the warrants include: (1) discount rate of 1.39%, (2) expected term of 5 years, (3) expected volatility of 350% and (4) –zero ~~DISCONTINUED~~expected ~~OPERATIONS~~dividends. All of the warrants issued were outstanding at September 30, 2011.

InOn ~~January~~November ~~2012~~30, ~~VR Holdings entered into an agreement with Litigation Dynamics~~2010, ~~Inc.~~the ~~to have Litigation Dynamics, Inc. merge into VR Holdings, Inc. for a consideration~~Company ofissued 1725,~~500~~200,000 shares of common ~~shares~~stock ofvalued VRat ~~Holdings~~$16,493 ~~Inc~~($0.0006545 ~~plus~~per ~~additional~~share) ~~shares~~for ofservices ~~VR Holdings, Inc., up~~ to ~~20,000,000 shares, based upon~~ the ~~revenue volume of Litigation Dynamics, Inc~~Company. ~~over~~The ~~the~~value ~~next~~of ~~five years. On September 24, 2012, a second agreement was signed~~these byshares ~~VR Holdings, Inc. and Litigation Dynamics, Inc. where by it~~ was ~~agreed~~determined ~~that~~based ~~Litigation~~on ~~Dynamics, Inc. would be spun off as a separate company and that~~ the ~~total~~value ~~number~~ of shares ~~issued~~previously tosold ~~the shareholder of Litigation Dynamics, Inc. would be reduced to 10,250,000 net of 3,000,000 shares which would be used in exchange for $300,000 of notes payable~~ by ~~Litigation Dynamics, Inc., and 1,500,000 shares due CapNet Security Corporation under a separate agreement signed by VR Holdings, Inc. As part of~~ the ~~reevaluation of the acquisition of Litigation Dynamics, $63,660 of Notes Receivable, which were in default, were written off as bad expense for the year ended September 30, 2012~~Company. ~~The details of the Notes Receivable written off are as follows:~~

Note Receivable From	Amount
IMM-03211	$	31,000
IIM-072011	$	950
Pine Springs-061011	$	687
TGM-040111	$	3,250
TGM-050611	$	21,879
TGM-070811	$	2,489
TGM-081511-2	$	2,000
TGM-090711	$	1,405
TOTAL	$	63,660

In February 2011, the Company issued 21,000,000 shares of common stock to three individuals for services. The fair value of these shares at the date of grant was $13,745 based on the value of shares previously sold by the Company.

In August 2011, the Company sold 50,000 shares of common stock for $5,000.

In November and December 2011, the company sold 480,694 shares of common stock for $43,263 after the payment of $4,806 of sales commissions.

In January 2012, the Company entered into an agreement with Litigation Dynamics, Inc. to have Litigation Dynamics, Inc. merge into VR Holdings, Inc. for a consideration of 17,500,.000 of common shares of VR Holdings, Inc. plus possible additional shares of VR Holdings, Inc., of up to 20,000,000 shares, based upon future revenue volume over the next five years. On September 24, 2012, a second agreement was signed by VR Holdings, Inc. and Litigation Dynamics, Inc. whereby it was agreed that Litigation Dynamics, Inc. would be spun off as a separate company and the total number of shares issued would be reduced to 10,250,000 divided between Litigation Dynamics, Inc. shareholder (5,750,000 shares), conversion of debt (3,000,000 shares) and CapNet Security Corporation (1,500,000 shares). The shares paid to CapNet Security Corporation related to a separate agreement signed by VR Holdings, Inc. concerning investment banking services to be provided by CapNet Security Corporation. For additional information on the conversion of debt, see NOTE 7 - DEBT.

In April 2012, the Company sold 50,000 shares of common stock for $5,000. On September 30, 2012, the Company issued warrants to purchase 7,000,000 shares of common stock at an exercise price of $0.10 for a period of five years. The warrants were issued for services rendered by an attorney. The fair value of the warrants at the date of grant was $3,260,588. The warrant was valued using the Black-Scholes option-pricing model. Variables used in the Black-Scholes pricing model for the warrants include: (1) discount rate of 0.62%, (2) expected term of 5 years, (3) expected volatility of 107.8% and (4) zero expected dividends. All of the warrants issued were outstanding at September 30, 2012. The Warrants were immediately vested and expensed through a charge to the Statement of Operations.

On August 13, 2013, the above warrant agreement to purchase 7,000,000 shares of common stock was amended and increased by an additional 1,000,000 to purchase a total of 8,000,000 shares of common stock at an exercise price of $0.10 for the remainder period of the original warrant. The warrants were issued for services rendered by an attorney. The fair value of the warrants at the date of grant was $458,149. The warrant was valued using the Black-Scholes option-pricing model. Variables used in the Black-Scholes pricing model for the warrants include: (1) discount rate of 1.49%, (2) expected term of 4.13years, (3) expected volatility of 106.43% and (4) zero expected dividends. All of the warrants issued were outstanding at September 30, 2013. The additional 1,000,000 warrants were immediately vested and expensed through a charge to the Statement of Operations for 2013.

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In ~~addition to the reduction in common shares that VR Holdings, Inc. will issue, VR Holdings, Inc. received $30,000 in cash which was paid $20,000 in~~ September ~~2012~~ ~~and $10~~2012,~~000~~ ~~in October 2012. The exchange rate for~~ the ~~shareholders of VR Holdings, Inc. to receive when Litigation Dynamics~~Company iscancelled ~~spun-off is one share of the new company~~3, ~~Litigation Dynamics~~500,000 ~~Inc. for every 100~~ shares of ~~VR Holdings, Inc. owned at the time of the spin-off. The control group of VR Holdings, Inc. who own approximately 93.8 % of VR Holdings, Inc.~~ common stock ~~will~~that ~~receive 1~~had ~~share~~been oforiginally ~~Litigation~~issued ~~Dynamics,~~to ~~Inc.~~an attorney for ~~every~~services ~~200~~as ~~shares~~the ~~they~~attorney ~~own~~was ofnot able VRto ~~Holdings,~~perform ~~Inc.~~these ~~at the time of the spin-off~~services.

AsLitigations aDynamics, ~~result~~Inc. ofused ~~entering into~~3,000,000 shares of the ~~Separation~~common ~~Agreement,~~stock ~~the~~that ~~operations~~it ofreceived ~~Litigation~~from ~~Dynamics~~VR Holdings, Inc. ~~have~~for ~~been~~the ~~classified~~merger asto ~~Discontinued~~pay ~~Operations~~off on$300,000 ~~the~~of ~~Statement~~ debt plus $76,182 of accrued ~~Operations~~interest. ~~The~~Using ~~components~~the ofBlack ~~Discontinued~~Sholes ~~Operations~~evaluation ~~summarized~~model, onit ~~the~~was ~~Statement~~determined ofthat ~~Operations~~the ~~arising~~value ~~from~~of the ~~decision~~3,000,000 toshares of common ~~spin~~stock ~~off~~had a value of $1,539,997. After deducting the ~~operations~~value of the notes and the accrued interest, Litigation Dynamics, Inc. lost ~~are~~$1,153,815 on the exchange and this loss was recorded as ~~follows:~~a charge to the Statement of Operations during the year ended September 30, 2012.

	For the nine months Ended June 30,
	2013			2012
Revenue	$	115,544		$	60,000
Expenses:
General and administrative		140,806			93,676
Loss from operations		(25,262	)		(33,676	)
Other Income (expenses):
Interest Expense		3,750			22,364
Net Income (loss)	$	(29,012	)	$	(56,040	)
Assets:
Cash	$	251		$	339
Accounts receivable		27,800			60,000
Due from related parties		—			—
Notes receivable		—			—
Property, Plant & Equipment		722			—
Total assets held for sale	$	28,773		$	60,339
Liabilities:
Accounts payable	$	13,988		$	77,372
Amounts due related parties		27,355			58,546
Notes payable		50,000			300,000
Total liabilities held for sale	$	91,343		$	435,918

In addition, there was the forgiveness of a related party account payable in the amount of $5,955. This amount was forgiven by Michael Moore.

NOTE 4 – RELATED PARTY TRANSACTIONS

The Cancer Foundation, Inc., a shareholder of VR Holdings, has paid for certain expenses on behalf of VR Holdings. During the nine months ended December 31, 2013 and 2012, The Cancer Foundation, Inc. paid $0 and $1,826, respectively. These payments have been recorded as contributed capital to VR Holdings.

In addition, there was the forgiveness of a related party account payable in the amount of $5,955. This amount was forgiven by Michael Moore.

NOTE 5 – LITIGATION

As of the date of this filing, VR Holdings had a pending motion in the Circuit Court of Cook County, Illinois under Cause No. 12-L-8718, to lift the stay of the proceeding styled VR Holdings, INC, MML, Inc. and Morton M. Lapides v. Cerberus Capital Management, LP, Madeline, LLC, Gordon Brothers Group, Warren Feder and Stephen A. Feinberg. Damages estimates by VR Holdings from previously reported litigation in the Circuit Court of Cook County, Illinois under Cause No. 09 L 004607 captioned The Cancer Foundation, Inc. v.Cerberus Capital Management, LP, are not currently relevant to VR Holdings. The merits of the claims raised in that lawsuit are being pursued in VR Holdings, Inc., MML, Inc. and Morton M. Lapides v. Cerberus Capital Management, LP, Madeline, LLC, Gordon Brothers Group, Warren Feder and Stephen A. Feinberg; damages are undetermined at the time of this filing.

NOTE 6 – DISCONTINUED OPERATION

In January 2012, the Company entered into an agreement with Litigation Dynamics, Inc. to have Litigation Dynamics, Inc. merge into VR Holdings, Inc. for a consideration of 17,500,000 of common shares of VR Holdings, Inc. plus additional shares of VR Holdings, Inc., up to 20,000,000 shares, based upon the revenue volume of Litigation Dynamics, Inc. over the next five years. On September 24, 2012, a second agreement was signed by VR Holdings, Inc. and Litigation Dynamics, Inc. whereby it was agreed that Litigation Dynamics, Inc. would be spun off as a separate company and that the total number of shares issued to the shareholder of Litigation Dynamics, Inc. would be reduced to 10,250,000 net of 3,000,000 shares which would be used in exchange for $300,000 of notes payable by Litigation Dynamics, Inc., and 1,500,000 shares due CapNet Security Corporation under a separate agreement signed by VR Holdings, Inc. As part of the reevaluation of the acquisition, of Litigation Dynamics, $63,660 of Notes Receivable were written off to bad expense for the year ended September 30, 2012.

In addition to the reduction in common shares that VR Holdings, Inc. will issue, VR Holdings, Inc. received $30,000 in cash which was paid $20,000 in September 2012 and $10,000 in October 2012. The exchange rate for the shareholders of VR Holdings, Inc. to receive when Litigation Dynamics is spun-off is one share of the new company, Litigation Dynamics, Inc. for every 100 shares of VR Holdings, Inc. owned at the time of the spin-off. The control group of VR Holdings, Inc. who own approximately 93.8 % of VR Holdings, Inc. common stock will receive 1 share of Litigation Dynamics, Inc. For every 200 shares they own of VR Holdings, Inc. at the time of the spin-off.

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~~NOTE~~As 5a –result ~~DEBT~~of entering into the Separation Agreement, the operations of Litigation Dynamics, Inc. have been classified as Discontinued Operations on the Statement of Operations. The components of Discontinued Operations summarized on the Statement of Operations arising from the decision to spin off the operations of Litigation Dynamics, Inc. are as follows:

As noted in NOTE 4 – DISCONTINUED OPERATIONS, in the year ended September 30, 2012, Litigations Dynamics, Inc. utilized 3,000,000 shares of the common stock that it received from VR Holdings, Inc. for the merger in exchange for $300,000 of debt plus $76,182 of accrued interest. These notes had an interest rate of 18% and matured between November 30, 2011 and May 31, 2012. To determine the value of the 3,000,000 shares of VR Holdings, Inc. common stock issued in the exchange for this debt (Notes Payable), VR Holdings utilized the fair value of the stock price on the date of conversion. This approach determined that the value of the 3,000,000 shares of common stock was $1,539,997. After deducting the value of the debt and the accrued interest, Litigation Dynamics, Inc. lost $1,153,815 on the exchange, and this loss was recorded as a charge to the Statement of Operations during the year ended September 30, 2012. The details of the notes exchanged for common stock of VR Holdings, Inc. are as follows:

	Three months ended December 31,
	2013			2012
Revenue	$	—		$	—

Expenses:
General and administrative		1,357			14,591
Loss from operations		(1,357	)		(14,591	)

Other Income (expenses):
Interest Expense		(1,250	)		(1,250	)

Net Income (loss)	$	(2,607	)	$	(15,841	)

Note Payable From		Amount
	December 31, 2013		September 30, 2013
Albert Braden	$	75,000
Assets:
Michael Jud	$	50,000
Cash	$	288	$	7,580
Michael Jud	$	5,000
Due from related parties	$	14,402	$	8,467
Charles Jud	$	45,000
Total assets held for sale	$	14,690	$	16,047
Robert Embry	$	75,000
Liabilities:
Robert Embry	$	50,000
Accounts payable	$	9,552	$	12,737
TOTAL	$	300,000
Amounts due related parties	$	27,355	$	27,355
Notes payable – in default	$	50,000	$	50,000
Total liabilities held for sale	$	86,907	$	90,092

OnNOTE ~~May~~7 ~~23,~~– 2012, VR Holdings, Inc. signed a $50,000 note with an investment group to generate additional funding. The note has an annual interest rate of 10% payable quarterly with the first payment date on August 23, 2012 with interest being accrued monthly. As a condition of the Separation Agreement between VR Holdings, Inc. and Litigation Dynamics, this note was transferred to Litigation Dynamics, Inc. and the responsibility for making interest and principals payments was transferred to Litigation Dynamics, Inc. with no recourse to VR Holdings, Inc. The note holder has agreed to these conditions.DEBT

As noted in NOTE 6 – ~~EQUITY~~DISCONTINUED OPERATION, Litigations Dynamics, Inc. used 3,000,000 shares of the common stock that it received from VR Holdings, Inc. for the merger to pay to convert $300,000 of debt plus $76,182 of accrued interest. Using the Black Scholes evaluation model, it was determined that the value of the 3,000,000 shares of common stock had a value of $1,539,997. After deducting the value of the notes and the accrued interest, Litigation Dynamics, Inc. lost $1,153,815 on the exchange and this loss was recorded as a charge to the Statement of Operations during the year ended September 30, 2012.

On May 1023, ~~2010~~2012, VR Holdings, ~~issued~~Inc. ~~300~~signed a $50,000 ~~shares~~note with an investment group to generate additional funding. The note has an annual interest rate of ~~common~~10% payable ~~stock~~quarterly ~~valued~~with atthe ~~$196~~first ~~($0~~payment date on August 23, 2012 with interest being accrued monthly.~~0006545~~ ~~per~~As ~~share)~~a ~~for~~condition ~~services~~of ~~rendered~~the toSeparation Agreement between VR Holdings, Inc. ~~The~~and ~~value~~Litigation ~~of these~~Dynamics, ~~shares~~this note was ~~determined~~transferred ~~based~~to onLitigation Dynamics, Inc. and the ~~value~~responsibility for ofmaking ~~shares~~interest ~~previously~~and ~~issued~~principals bypayments was transferred to Litigation Dynamics, Inc. with no recourse to VR Holdings, Inc. The note holder has agreed to these conditions, and thus VR Holdings, Inc. has no responsibility going forward to make any interest or principal payment associated with this note. The note is currently in default and the note holder has agreed to these conditions.

On August 24, 2010, VR Holdings issued 100,000 shares of common stock to a consultant for services. These shares were valued at $65.

On August 30, 2010, VR Holdings issued warrants to purchase 2,000,000 shares of common stock at an exercise price of $0.10 for a period of five years. The warrants were issued for services rendered by two attorneys. The fair value of the warrants at the date of grant was $1,308. The warrants were valued using the Black-Scholes option-pricing model. Variables used in the Black-Scholes pricing model for the warrants include: (1) discount rate of 1.39%, (2) expected term of 5 years, (3) expected volatility of 350% and (4) zero expected dividends. All of the warrants issued were outstanding at September 30, 2011.

On November 30, 2010, VR Holdings issued 25,200,000 shares of common stock valued at $16,493 ($0.0006545 per share) for services to VR Holdings. The value of these shares was determined based on the value of shares previously sold by VR Holdings.

In February 2011, VR Holdings issued 21,000,000 shares of common stock to three individuals for services. The fair value of these shares at the date of grant was $13,745 based on the value of shares previously sold by VR Holdings.

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InNOTE ~~August~~8 ~~2011,~~– VRSUBSEQUENT ~~Holdings sold 50,000 shares of common stock for $5,000.~~EVENTS

InOn ~~November~~January ~~and~~5, ~~December 2011~~2014, a Letter of Intent was executed whereby VR Holdings ~~sold~~is ~~480,694~~interested ~~shares~~in acquiring all of ~~common~~the ~~stock~~outstanding ~~for~~ownership ~~$43~~interests (the “Acquisition”) of Enelco Environmental Technologies Co.,~~263~~ ~~after~~Ltd. and EETC USA, LLC (collectively referred to as “EETC”) from China MPP Ventures, LLC, a Maryland limited liability company (“CMPP”) on terms that would be mutually agreeable. EETC is engaged in the ~~payment~~business of ~~$4,806~~industrial air pollution control. We previously reported the execution of ~~sales~~the ~~commissions~~Letter of Intent by the filing of a Form 8-K with the Securities and Exchange Commission on January 8, 2014. Neither counsel nor VR Holdings offers any guarantee regarding the proposed acquisition, completion or outcome of the transaction.

~~In January 2012,~~ VR Holdings ~~entered~~ ~~into~~and anCMPP ~~agreement~~wish ~~with Litigation Dynamics, Inc.~~ to commence ~~have~~negotiating ~~Litigation~~a ~~Dynamics,~~definitive ~~Inc.~~written ~~merge~~agreement ~~into~~providing ~~VR Holdings, Inc.~~ for athe ~~consideration of~~Acquisition ~~17,500,000~~(the of“Definitive ~~common shares of VR Holdings, Inc~~Agreement”). ~~plus~~To facilitate ~~possible~~the ~~additional~~negotiation ~~shares~~ of VRthe ~~Holdings,~~Definitive ~~Inc.~~Agreement, ~~of up to 20,000,000 shares, based upon future revenue volume over~~ the ~~next~~parties ~~five~~request ~~years.~~that ~~On September 24, 2012, a second agreement was signed by~~ VR Holdings~~, Inc.~~’ ~~and~~counsel ~~Litigation~~prepare ~~Dynamics,~~an ~~Inc~~initial draft. ~~where~~The byexecution itof ~~was agreed that Litigation Dynamics, Inc. would be spun off as a separate company and~~ the ~~total~~Definitive ~~number~~Agreement ~~of shares issued~~ would be ~~reduced~~subject to ~~10,250,000~~the ~~divided~~satisfactory ~~between~~completion ~~Litigation Dynamics, Inc. shareholder (5,750,000 shares), conversion~~ of ~~debt~~the ~~(3,000,000~~ongoing ~~shares)~~investigation ~~and CapNet Security Corporation (1,500,000 shares). The shares paid to CapNet Security Corporation related to a separate agreement signed~~ by VR Holdings, ~~Inc.~~and ~~concerning~~CMPP ~~investment~~of ~~banking~~their ~~services~~respective tobusinesses, beapproval ~~provided~~ by ~~CapNet~~ ~~Security~~their ~~Corporation~~respective ~~including~~boards ~~raising~~of ~~funds~~directors, and the ~~merger~~approval of ~~Litigation Dynamics, Inc. with VR Holdings, Inc. For additional~~the ~~information~~Acquisition onby the ~~conversion~~stockholders of ~~debt,~~VR ~~see~~Holdings ~~NOTE~~and ~~(8)~~owners ~~CONVERSION~~of ~~OF DEBT~~CMPP.

InIf ~~April~~the ~~2012~~acquisition were to be completed, VR Holdings ~~sold 50,000~~may ~~shares~~be in a stronger position as a result of ~~common~~the ~~stock~~acquisition ~~for~~to $5not only continue to grow the operations of EETC,~~000~~ but also to continue efforts in the litigation held by VR Holdings. Neither counsel not VR Holdings offers any guarantee regarding the proposed acquisition or outcome of the pending litigation.

OnThe ~~September~~following ~~30,~~organization ~~2012, VR Holdings~~changes ~~issued~~have aalso ~~warrant~~occurred subsequent to ~~purchase~~the ~~7,000,000~~quarter ~~shares~~ending ofDecember ~~common~~31, ~~stock~~2013. atOn anJanuary ~~exercise~~6, ~~price~~2014, ofHarry $0J.10 ~~with~~Conn, ~~exercise~~due ~~period~~to ofpersonal ~~five years~~reasons ~~from~~and the ~~date~~press of ~~issue.~~other ~~The~~matters, ~~warrant~~resigned ~~was~~as ~~issued~~a ~~for~~director ~~legal~~of ~~services~~the ~~rendered~~registrant. ~~and~~There towere beno ~~rendered~~disagreements tobetween VRMr. ~~Holdings,~~Conn ~~Inc~~and the registrant. byOther anthan ~~attorney. The~~as ~~fair~~a ~~value~~result of ~~the~~his ~~warrants~~board atmembership and serving on the ~~date~~audit committee of ~~grant~~the ~~was $3~~registrant,~~260,588~~ Mr. ~~The~~Conn ~~warrant~~did ~~was~~not serve ~~valued~~on ~~using~~any ~~the~~committee ~~Black-Scholes~~of ~~option-pricing model.~~our ~~Variables~~board ~~used~~of indirectors. ~~the~~The ~~Black-Scholes~~registrant ~~pricing~~has ~~model~~furnished ~~for~~to ~~the~~Mr. ~~warrants~~Conn ~~include:~~a ~~(1)~~copy ~~discount~~of ~~rate~~the ofForm ~~0.62%,~~8-K ~~(2)~~before ~~expected~~its ~~term~~filing. ofMr. 5Conn ~~years,~~has ~~(3)~~been ~~expected~~afforded ~~volatility~~an ofopportunity ~~107.8%~~to ~~and~~state ~~(4)~~whether ~~zero~~or ~~expected~~not ~~dividends.~~he ~~All~~agrees ofor ~~the~~disagrees ~~warrants~~with ~~issued~~the ~~were~~statements ~~outstanding~~contained ~~at September~~herein. ~~30, 2012~~Mr. ~~The~~Conn ~~Warrants~~has ~~were~~stated ~~immediately~~that ~~vested~~he ~~and~~agrees ~~expensed~~with ~~through~~the astatements ~~charge~~contained toin the ~~Statement~~Form ~~of Operations~~8-K.

InOn ~~September~~January ~~2012~~9, VR2014, ~~Holdings~~John E. ~~cancelled~~Baker, 3due to personal reasons and the press of other matters,~~500~~ resigned as chairman,~~000~~ ~~shares~~chief financial officer, principal accounting officer, and assistant secretary of ~~common~~the ~~stock~~registrant. ~~that~~There ~~had~~were ~~been~~no ~~originally~~disagreements ~~issued~~between toMr. anBaker ~~attorney~~and ~~for~~the ~~services~~registrant. Other than as a result of his board membership and serving on the ~~attorney~~audit ~~was~~committee of the registrant, Mr. Baker did not serve on any committee ~~able~~of our board of directors. The registrant has furnished to ~~perform~~Mr. ~~these~~Baker ~~services~~a copy of the Form 8-K before its filing. Mr. Baker has been afforded an opportunity to state whether or not he agrees or disagrees with the statements contained herein. Mr. Baker has stated that he agrees with the statements contained in the Form 8-K.

~~Litigation Dynamics~~Likewise, ~~Inc.~~on ~~utilized~~January 39,~~000~~ 2014,~~000~~ our ~~shares~~board of ~~the~~directors ~~common~~elected ~~stock~~Matthew ~~that~~A. itLapides ~~received~~to ~~from~~be ~~VR Holdings~~chairman, ~~Inc.~~chief ~~for~~financial ~~the merger in exchange for $300~~officer,~~000~~ ofprincipal ~~debt~~accounting ~~plus $76~~officer,~~182~~ ofand ~~accrued~~assistant secretary ~~interest. To determine the value~~ of the ~~3,000,000~~registrant. ~~shares~~The ofregistrant VRand ~~Holdings, Inc~~Mr. ~~common stock~~Lapides ~~used~~have innot ~~the~~entered ~~exchange~~into ~~for~~any ~~this~~material ~~debt (Notes Receivable)~~plan, VRcontract ~~Holdings~~or ~~used~~arrangement ~~the Black Sholes evaluation model. This model determined~~(whether ~~that~~or ~~the~~not ~~value~~written) ofto ~~the~~which ~~3,000,000~~Mr. ~~shares~~Lapides ofis ~~common~~a ~~stock~~party ~~used~~or in ~~the~~which ~~exchange~~he ~~was~~participates. $1Moreover,~~539,997.~~ ~~After~~there ~~deducting~~has ~~the~~been ~~value~~no ofmaterial ~~the~~amendment ~~debt~~in ~~and~~connection ~~the~~with ~~accrued~~any ~~interest,~~triggering ~~Litigation~~event ~~Dynamics,~~or ~~Inc.~~any ~~lost~~grant ~~$1,153,815~~or onaward ~~the~~to ~~exchange,~~Mr. ~~and~~Lapides ~~this~~or ~~loss~~modification ~~was~~thereto, ~~recorded~~under asany asuch ~~charge~~plan, tocontract ~~the~~or ~~Statement~~arrangement ofin ~~Operations~~connection ~~during~~with ~~the~~any ~~year~~such ~~ended September 30, 2012~~event.

~~NOTE~~The 7members –of ~~RELATED~~our ~~PARTY~~board ~~TRANSACTIONS~~of directors are subject to change from time to time by the vote of the stockholders at special or annual meetings to elect directors. Officers are elected annually by the directors. There are no family relationships among our directors and officers.

~~The~~However, ~~Cancer~~the ~~Foundation,~~family ~~Inc~~of Mr., Lapides ais ~~shareholder~~the owner of VRDeohge ~~Holdings~~Corp., ~~has~~a ~~paid~~Maryland ~~for~~corporation, ~~certain~~the ~~expenses~~controlling onstockholder ~~behalf~~ of VRthe ~~Holdings.~~registrant, ~~During~~whose ~~the~~executive ~~nine~~officer ~~months~~and director ~~ended~~is ~~June~~Pamela ~~30,~~Lapides. ~~2013 and~~There ~~2012,~~are ~~The~~no ~~Cancer~~arrangements ~~Foundation,~~or ~~Inc.~~understandings ~~paid~~between $0Mr. Lapides and ~~$986,~~any ~~respectively.~~other ~~These~~person ~~payments~~pursuant ~~have~~to ~~been~~which he ~~recorded~~was asor ~~contributed~~is ~~capital~~ to VRbe ~~Holdings~~selected as an officer or director of the registrant.

NOTE 8 – LITIGATION

VR Holdings, through its subsidiaries, is involved in a lawsuit, styled Morton M. Lapides, SR., MML, Inc. and VR Holdings, Inc. v. Cerberus Capital Management, LP. All claims held by Mr. and Mrs. Morton M. Lapides, Sr. have been assigned to VR Holdings. It is our plan to use any proceeds received by us as a result of the below described litigation to fund our business plan going forward. If we are unsuccessful in the litigation or do not receive sufficient funds, we will be forced to sell additional equity to raise the capital we need to fund our anticipated operations. If we are not successful in raising any needed capital, our business plan will fail.

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~~The~~There ~~Basis~~has not been, in the past or since the beginning of ~~our~~the ~~Litigation~~registrant's last fiscal year, or any currently proposed transaction, between Mr. Lapides and the registrant and the amount involved exceeded $120,000, and in which Mr. Lapides had or will have a direct or indirect material interest. As of the date of the Form 8-K filed with the Securities and Exchange Commission on January 9, 2014, the registrant and Mr. Lapides have not executed any compensation arrangement as a result of Mr. Lapides' service as an officer and director of the registrant.

InOur board of directors has adopted charters for various committees; none of the ~~late~~committees ~~1980s~~has been organized. However, itour ~~was~~complete ~~discovered that~~board ~~Mr.~~does ~~Lapides~~serve ~~had~~as ~~pancreatic~~an ~~cancer~~audit committee. InAs ~~researching~~a ~~possible~~result ~~treatments,~~of Mr. Lapides ~~discovered~~being ~~that~~a ~~Johns~~member ~~Hopkins~~of ~~Hospital had~~the anboard ~~experimental~~of ~~program~~directors ~~for~~of the ~~treatment~~registrant, he will serve on the audit committee of ~~pancreatic~~the ~~cancer~~registrant.

AsOn aMarch ~~result~~28, of2014, ~~the~~a ~~treatment~~Share Exchange ofAgreement ~~Mr.~~was ~~Lapides~~executed atwhereby ~~Johns~~VR ~~Hopkins~~Holdings ~~Hospital,~~will ~~the~~acquire ~~board~~all of ~~trustees~~the ofoutstanding ~~The~~ownership ~~Cancer~~interests ~~Foundation~~of ~~decided~~Enelco toEnvironmental ~~donate $75~~Technologies Co.,~~000,000~~ toLtd. ~~Johns Hopkins Hospital~~ and $5EETC USA,~~000,000~~ toLLC ~~other~~(collectively ~~research~~referred ~~institutions for cancer research. This gift was~~ to beas ~~made~~“EETC”) byfrom ~~The~~China ~~Cancer~~MPP ~~Foundation~~Ventures, ~~Inc.~~ ~~which~~LLC, ~~had been~~ a ~~family~~Maryland ~~charity~~limited ~~organization.~~liability company ~~The~~(“CMPP”) ~~source~~on ofterms ~~the~~that ~~funding~~would ~~by The Cancer Foundation was to~~ be anmutually ~~$80,000,000 gift by the companies owned by Mr~~agreeable. ~~Lapides,~~EETC ~~which~~is ~~turned~~engaged ~~out~~in ~~to be VR Holdings, Inc. With~~ the ~~destruction~~business of VRindustrial ~~Holdings~~air ~~by the~~pollution ~~actions allegedly taken by various parties as described below, Mr~~control. ~~Lapides~~We nopreviously ~~longer~~reported ~~had~~ the ~~ability~~execution toof ~~make this contribution, and~~ the ~~intended~~Share ~~contribution~~Exchange ~~became~~Agreement aby ~~claim~~the offiling ~~The Cancer Foundation. The $80,000,000 claim plus interest~~ of ~~The~~a ~~Cancer~~Form ~~Foundation was~~8-K ~~exchanged~~with ~~for shares of~~ the ~~common~~Securities ~~stock~~and Exchange ofCommission VRon ~~Holdings~~April 8, ~~Inc~~2014. ~~using~~Neither ~~the~~counsel ~~exchange~~nor ~~rate of $4.47 of claim value for every share of~~ VR Holdings ~~common~~offers ~~stock.~~any ~~The~~guarantee ~~Cancer~~regarding ~~Foundation~~the ~~has~~proposed noacquisition, completion ~~claim~~or ~~against~~outcome VRof ~~Holdings and is no longer a party to~~ the ~~Illinois litigation~~transaction.

On April 3, 2014, 500,000 shares of common stock were issued to Jana Yokum. The ~~Cancer~~issued ~~Foundation~~shares are fully paid, ~~Inc~~non-assessable and are being issued for legal services rendered in lieu of cash per agreement. vThere are no contingencies on the issuance of these shares and Ms. ~~Cerberus~~Yokum ~~Capital~~is ~~Management,~~not an affiliate LPof the firm. The shares issued to Ms. Yokum will be restricted and the certificates contain a standard legend.

~~This~~On isApril ~~a breach of contract case pending in the Circuit Court of Cook County~~3, ~~Illinois. MML~~2014, ~~Transcolor~~1, ~~and Morton M. Lapides~~600,000 ~~Sr.~~shares ~~(together, the “plaintiffs”)~~of ~~allege~~common ~~that~~stock ~~Madeleine~~were ~~LLC,~~issued ato ~~subsidiary~~Chris ofHagerman. ~~Cerberus~~The ~~Capital~~issued ~~Management,~~shares LPare ~~(“Madeleine”)~~fully ~~and Gordon Brothers Capital Corp. (“Gordon Brothers”) (together~~paid, ~~the~~non-assessable ~~“defendants”)~~and ~~breached~~are abeing ~~Comprehensive~~issued ~~Settlement~~for consulting and ~~Shareholders Agreement,~~marketing ~~dated~~services ~~April~~rendered ~~11,~~in ~~1997~~lieu ~~(the~~of ~~“Shareholders~~cash ~~Agreement”)~~per byagreement. ~~depriving~~There ~~the~~are ~~plaintiffs~~no ofcontingencies on the ~~right~~issuance ~~to regain control~~ of ~~Winterland~~these ~~Concessions~~shares ~~Company~~and ~~(“Winterland”)~~Mr. Hagerman ~~The~~is ~~plaintiffs~~not ~~allegedly~~an ~~have~~affiliate ~~suffered substantial damages as a result~~ of the ~~alleged breach of the Shareholders Agreement~~firm. The ~~Cancer~~shares ~~Foundation~~issued ~~was~~to ~~initially~~Mr. aHagerman ~~plaintiff,~~will ~~but~~be ~~later~~restricted ~~withdrew,~~and ~~because~~ the ~~Court~~certificates ~~ruled~~contain ~~that~~a ~~it had no standing to sue~~standard legend.

~~The~~On ~~plaintiffs~~April ~~initially~~28, ~~filed suit on July 23~~2014, ~~2007~~stock inpurchase ~~the~~warrants ~~United~~were issued ~~States~~to ~~District~~Norman ~~Court~~T. ~~for~~Reynolds ~~the~~in ~~Northern~~consideration ~~District of Illinois alleging federal-law claims~~ for ~~civil~~ ~~RICO~~his ~~and~~legal ~~RICO~~services ~~conspiracy~~ and ~~state-law~~advise ~~claims~~rendered ~~for~~to ~~fraudulent~~VR ~~concealment,~~Holdings ~~tortuous~~during ~~interference,~~the ~~civil~~full ~~conspiracy,~~time ~~and breach~~ of engagement ~~contract.~~with Onthe ~~April~~company. 4,Under ~~2008,~~ the ~~court~~conditions ~~dismissed~~of ~~the~~this ~~plaintiffs’~~Stock ~~federal~~Purchase ~~RICO~~Warrant, ~~claims~~Mr. asReynolds ~~time~~is ~~barred~~entitled ~~and~~purchase ~~then~~up ~~declined~~ to ~~retain~~ ~~supplemental~~12 ~~jurisdiction~~million shares ~~over~~of ~~the~~VR ~~plaintiffs’~~Holdings ~~state-law~~common ~~claims.~~stock ~~The~~at ~~court~~an ~~also~~exercise ~~dismissed~~price ~~the defendants’ Rule 11 claim~~$0.10 ~~The~~per ~~plaintiffs~~share ~~filed~~and awill ~~notice~~subject ofto ~~appeal~~all of the ~~court’s~~terms ~~decision~~and onconditions ~~April 22, 2008. On March 19, 2009, the U.S.~~contained ~~Court~~within ~~of Appeals for~~ the ~~Seventh~~issuance ~~Circuit affirmed the District Court’s decision~~document. ~~The~~These ~~Illinois~~warrants ~~state~~shall ~~court~~expire ~~action was filed~~ on April 1730, ~~2009~~2019.

~~The~~On ~~defendants~~July ~~filed a motion to dismiss the state court action on August 3~~7, ~~2009. The plaintiffs filed an opposition brief on November 13~~2014, ~~2009. The defendants filed their reply on December 4, 2009. Oral argument was held on January 22, 2010. At~~ the ~~conclusion~~terms of ~~argument, Judge Allen S. Goldberg dismissed~~ the ~~complaint on the grounds of res judicata. The plaintiffs filed a motion for reconsideration in which~~Share ~~they~~Exchange ~~argued~~Agreement ~~that~~by ~~Judge Goldberg misapplied the doctrine of res judicata that the complaint should be reinstated~~ and ~~the case~~between ~~allowed~~VR ~~to proceed. The defendants’ opposition brief was filed on April 12~~Holdings, ~~2010~~CMPP, ~~and the plaintiff’s reply was filed on May 10~~Zhu, ~~2010. Oral argument on the motion for reconsideration was held on June 1, 2010, at which time Judge Goldberg denied the motion. MML and~~ Lapides ~~filed a notice of appeal on June 25, 2010,~~ and ~~their~~Deohge ~~opening~~was ~~brief~~terminated on November 5, 2010, with the Appellate Court of Illinois, First Judicial District. The defendants filed an opposition on December 5, 2010, as well as a cross appeal seeking a reversal of the trial judge’s order denying the defendants’ motion for ~~attorneys’~~failure ~~fees.~~to ~~The~~meet ~~plaintiffs~~certain ~~filed~~milestone aevents ~~reply~~designated onin ~~January 14, 2011, and~~ the ~~defendants filed a reply on the attorneys’ fees issue on January 28, 2011~~Agreement.

On ~~March~~July 161, ~~2011~~2014, ~~the~~a ~~Appellate Court,~~compensation ~~ordered~~agreement ~~the parties to brief the issue of whether the case should be transferred to California, New York or Maryland on~~was ~~the~~established ~~grounds of forum non conveniens because the case has more connections~~ with ~~those~~Matthew ~~jurisdictions than it does with Illinois~~Lapides. After the parties briefed this issue, the Court issued an opinion on May 25, 2011 reversing the trial court’s decision dismissing the case and remanding the case back to the trial court. In its opinion, the Court declined to transfer the case to another state because the defendants refused to waive their statute of limitations defense. The Court reversed the trial court’s dismissal of the case on res judicata grounds, and rejected the defendants’ arguments on the statute of limitation and failure to state a claim. The Court also denied the defendants’ cross appeal for attorneys’ fees.

On July 28, 2014, the consulting services of ICA were engaged. Pursuant to the Engagement Agreement, VR Holdings is issuing 12,500,000 shares for specified services.

On July 28, 2014, the consulting services of Coral Capital were engaged. Pursuant to the Engagement Agreement, VR Holdings is issuing 12,500,000 shares for specified services.

On July 30, 2014, a Promissory Note was executed with Ipanema Capital, LLC to meet short term capital requirements. Pursuant to the terms of the Agreement, Ipanema has conversion rights on their Promissory Note allowing them to acquire common shares of VR Holdings at a conversion rate of $0.001 per share. Ipanema has also been issued warrants to purchase up to 20,000,000 shares of VR Holdings common stock and will subject to all of the terms and conditions contained within the issuance document. These warrants shall expire on July 31, 2019.

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The Court of Appeals’ rulings constitute a complete reversal of Judge Goldberg’s dismissal of the complaint. On August 5, 2011, the Illinois Court of Appeals wrote to the Clerk of the Cook County Circuit Court stating that the mandate of the Appellate Court has been filed with the Cook County Circuit Court. In doing so, the case was returned to the trial court for further proceedings. At this juncture, the trial court has not taken any action to set a case schedule or take any other action as a result of the Appellate Court’s reversal of the trial court’s decision and the remand of the case to the trial. Neither Plaintiffs nor Defendants have asked the trial court to take any action as a result of the remand.

Now that the Illinois Court of Appeals has reversed Judge Goldberg’s dismissal, the case may move forward into the discovery phase where a number of issues will need to be explored. These issues include whether the defendants breached the Shareholders Agreement, whether the defendants’ actions damaged MML and Mr. Lapides, and the quantum of their damages. Expert testimony may be needed during the litigation. Either party may move for summary judgment at the conclusion of discovery. If there are any important remaining factual issues after summary judgment rulings, the case may then proceed to trial.

It is not possible to predict the ultimate resolution of the case.

On March 11, 2011, VR Holdings filed a suit in Queen Anne’s County, Maryland against Marshall & Ilsley Trust Company and Venable L.L.P. for alleged civil conspiracy beginning in 1998 and continuing through November 2010, at which time the alleged conspirators abandoned their efforts. Marshall & Ilsley allegedly participated with the two lenders to Winterland Concessions Company, a previous subsidiary. The civil conspiracy expanded to damages through additional causes being tortuous aiding and abetting, breach of fiduciary duty, negligence, intentional misrepresentation, and negligent misrepresentation, resulting in damages to VR Holding’s subsidiaries and approximately 2,500 parties in the amount of $1.6 billion plus punitive damages and legal fees.

On May 25, 2011, the Illinois State Appellate Court ruled in VR Holdings’ favor in regards to The Cancer Foundation, Inc. v. Cerberus Capital Management, LP litigation stating that there were no res judicata or statute of limitations problems, and in addition, stated that “…the bankruptcy court in Maryland lacked jurisdiction to decide the contract claim at issue here.” VR Holdings was advised that the defenses in the Maryland case were almost identical to the two items eliminated in the Illinois case. The same damages could not be collected twice. For that reason, and since Marshall & Ilsley is believed to be in financial difficulty, there was no reason to burden the court with this suit when a decision on the major defense issues were already ruled on in another suit and the Illinois decision questioned a Maryland court’s authority. On advice of counsel, the case was withdrawn.

Following the May 2011 appellate victory, the action was returned to the Circuit Court in August 2011. Plaintiffs sought a scheduling conference in May 2012 and moved to reinstate the action under Illinois Rule 369. Defendants objected on the ground that the delay from August 2011 to May 2012 was excessive. The Circuit Court agreed and, by Order of August 3, 2012 denied the plaintiffs’ motion to reinstate the action known as Morton M. Lapides, Sr., MML, Inc. and VR Holdings, Inc. v. Cerberus Capital Management, LP., Madeleine, LLC, Gordon Brothers Group, Warren Feder and Stephen A. Feinberg, Circuit Court for Cook County Illinois, Docket No. 09 L 004607. The motion was denied “without prejudice to plaintiffs’ filing of a new, separate lawsuit.”

Under Illinois procedure, when a civil action is voluntarily or involuntarily dismissed without a ruling on the merits, the limitations period is tolled for a year to allow the filing of a new action. On August 3, 2012, plaintiffs filed a new action captioned VR Holdings, Inc. v. Cerberus Capital Management, LP., Madeleine, LLC, Gordon Brothers Group, Warren Feder and Stephen A. Feinberg, Circuit Court for Cook County Illinois, Docket No Docket No. 12 L 008718. Plaintiffs have also appealed the Order denying the denial of reinstatement in the 2009 action. The new action is stayed pending the resolution of the appeal.

Since the filing of VR Holdings’ 10-K for the year ended September 30, 2012, all parties have filed their briefs concerning the appeal, and the court is fully briefed. The appellate court has not scheduled oral arguments and the appeal is awaiting decision by the court. Neither VR Holdings, Inc. nor counsel offers any guaranty regarding the outcome of the pending litigation.

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NOTE 9 – SUBSEQUENT EVENT

On August 15, 2013, but effective on August 1, 2013, VR Holdings, Inc., a Delaware corporation (the “registrant” or “VR Holdings”) executed that certain Consulting Agreement (the “Consulting Agreement”) with Schneider Mitigation Group (“Schneider”).

Pursuant to the Consulting Agreement, Schneider agreed to provide business development and corporate management services along with consulting for capital structure, finance, and mitigation. Specifically, Schneider agreed to provide for:

· The maintaining of reporting status and filings in whatever manner may be deemed necessary which includes satisfying a perceived short term capital need of up to $25,000 which may need to be paid in the next few days;

· Working capital for the registrant which includes a target of $1,500,000; and

· An operating strategy and business for the registrant.

The Consultant shall determine the manner in which the services under the Consulting Agreement are to be performed and the specific hours to be worked by the Consultant. Primary management duties will be fulfilled by Mr. Gregory Gennace and the registrant will rely on the Consultant to work as many hours as may be reasonably necessary to fulfill the Consultant’s obligations under the Consulting Agreement.

The registrant agreed to pay the Consultant 50,000,000 shares of the registrant’s common stock upon signing the Consulting Agreement. Additionally, as the plaintiff and beneficiary of a potential award resulting from a civil complaint filed in the Circuit Court of Cook County, Illinois filed against Cerberus Capital Management, LP, et al (the “Lawsuit”) the registrant agreed to pay the Consultant the first $5,000,000 of any proceeds recovered through settlement or garnishment action(s) from the Lawsuit. Additionally, the registrant will make commission payments to the Consultant based on five percent of the gross profit or selling price of all merchandise and products and contemplated services of the registrant created through the Consultant’s business development efforts.

The Consulting Agreement shall become effective on the date stated above and shall remain in effect for a period of one year unless terminated for breach or as provided in the Consulting Agreement. The Consulting Agreement may be renewed or terminated through mutual agreement of the parties.

It was understood by the parties that the Consultant is an independent contractor with respect to the registrant, and not an employee of the registrant. The registrant will not provide fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of the Consultant, or its employees.

The Consultant agreed to indemnify and hold the registrant harmless from all claims, losses, expenses, fees including attorney fees, costs, and judgments that may be asserted against the registrant that result from the acts or omissions of the Consultant, the Consultant’s employees, if any, and the Consultant’s agents, with the exception of any executives hired by the registrant on the Consultant’s recommendation. The Consultant’s obligations under the Consulting Agreement may not be assigned or transferred to any other person, firm, or corporation without the prior written consent of the registrant.

Recognizing that the various items of information are special and unique assets of the registrant that need to be protected from disclosure, and in consideration of the disclosure of the Information, the Consultant agreed that for a period of 18 months following the termination of the Consulting Agreement, whether such termination is voluntary or involuntary, the Consultant will not directly or indirectly engage in any business competitive with the registrant. This covenant shall apply to the geographical area that includes United States of America and Canada. Directly or indirectly engaging in any competitive business includes, but is not limited to, (i) engaging in a business as owner, partner, or agent, (ii) becoming an employee of any third party that is engaged in such business, or (iii) becoming interested directly or indirectly in any such business, or (iv) soliciting any customer of the registrant for the benefit of a third party that is engaged in such business. The Consultant and the registrant agreed that this non-compete provision will not adversely affect the livelihood of the Consultant.

A copy of the Consulting Agreement was filed as an exhibit to the registrant’s Report on Form 8-K, filed on August 16, 2013.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

THE FOLLOWING DISCUSSION SHOULD BE READ TOGETHER WITH THE INFORMATION CONTAINED IN THE FINANCIAL STATEMENTS AND RELATED NOTES INCLUDED ELSEWHERE IN THIS REPORT ON FORM 10-Q.

The following discussion reflects our plan of operation. This discussion should be read in conjunction with the financial statements which are included in this Report. This discussion contains forward-looking statements, including statements regarding our expected financial position, business and financing plans. These statements involve risks and uncertainties. Our actual results could differ materially from the results described in or implied by these forward-looking statements as a result of various factors, including those discussed below and elsewhere in this Report.

VR Holdings, Inc.

~~Since the~~The business previously operated by VR Holdings before the filing of our registration statement with the SEC on May 17, 2010, has no relevance. While the ongoing ~~longer~~operations ~~has~~in ~~any~~interests ~~relevance~~in Litigation Dynamics, Inc. continues, the discussion which immediately follows relates ~~primarily~~ to our proposed business ofstrategy ~~investing in litigation and arbitration cases, claims and disputes. The discussion~~ of ~~our~~acquiring ~~wholly-owned~~certain ~~subsidiary,~~operating ~~Litigation Dynamics follows below the discussion pertaining to VR Holdings~~businesses. ~~Therefore,~~Unless ~~unless~~ the context otherwise suggests, “we,” “our,” “us,” and similar terms, as well as references to “VR Holdings ~~or Litigation Dynamics~~,” all refer to VR Holdings ~~or Litigation Dynamics~~ as of the date of this Report.

IfRegardless weof ~~are~~the ~~successful~~outcome in of our litigation effort in The Cancer Foundation, Inc. v. Cerberus Capital Management, LP, more fully discussed below and in “Business –Legal Proceedings,” our business going forward is expected to consist of a strategy to ~~build~~acquire acertain ~~diversified~~operating ~~portfolio of investments in various legal claims and~~ companies to provide our stockholders with an attractive level of capital growth through ~~investing~~the ~~directly~~operating ~~and~~activities ~~indirectly~~of inthe ~~litigation~~intended ~~and arbitration~~merger. ~~cases~~See “The Plan of Acquisition.” In the future, ~~claims~~we ~~and~~may ~~disputes~~raise additional capital though equity or debt offerings.

~~The primary function of~~ VR Holdings ~~will~~, ~~be to invest directly and indirectly in litigation and arbitration cases~~Inc., ~~claims~~MML ~~and disputes~~Inc. Weand ~~hope to provide the capital~~Morton ~~for our intended business plan through the proceeds which we may receive in The Cancer Foundation, Inc~~M. Lapides v. Cerberus Capital Management, LP, ~~litigation~~Madeline, ~~described in this Report. However~~LLC, ifGordon weBrothers ~~are not successful in that litigation~~Group, weWarren ~~still~~Feder ~~intend to pursue our business plan,~~ and ifStephen ~~necessary raise whatever funds we may need by means of a debt or equity offering~~A. ~~At the time of this Report, we are currently offering through a private placement shares of our common stock in order to raise needed capital~~Feinberg.

ItMML, ~~should~~Inc. bea ~~clearly~~wholly ~~understood~~owned ~~that~~subsidiary weof ~~will~~VR ~~not~~holdings, beis ~~able~~a toplaintiff ~~commence~~in ~~our~~an ~~proposed~~Illinois ~~business,~~State ~~unless~~court ~~and~~suit. ~~until~~If ~~we are~~ successful, inalthough ~~The~~not ~~Cancer~~legally ~~Foundation~~liable, ~~Inc.~~plans v.to distribute ~~Cerberus~~on ~~Capital~~a ~~Management,~~percentage LPbasis ~~litigation,~~the orproceeds wefrom ~~raise~~this ~~additional~~suit ~~funds~~to byall ~~means~~claimants ofincluding aits ~~debt~~parent, orVR ~~equity offering~~Holdings. WeThe ~~will~~claimants ~~explore~~accepting this ~~whatever~~exchange ~~capital-raising~~will ~~steps~~have ~~which~~their ~~seem~~claims ~~most~~transferred ~~likely~~ to ~~produce~~VR ~~the~~Holdings. ~~capital~~See wethe ~~need~~registration tostatement ~~finance~~filed ~~our~~by ~~litigation~~VR ~~and~~Holdings towith ~~fund~~the ~~our~~SEC which ~~proposed~~became ~~business~~effective ~~going~~on ~~forward.~~May We11, ~~have~~2011, ~~not~~and ~~yet~~which ~~made~~is ~~any~~expressly ~~decision~~incorporated onin ~~what~~this ~~capital-raising~~Report ~~steps~~by wereference. ~~might~~The ~~take,~~suit ~~but~~was ~~expect~~filed toin ~~make~~state ~~that~~court ~~decision~~on ~~once~~April we17, ~~know~~2009 ~~the~~by ~~outcome of~~ The Cancer Foundation, Inc. v.and others plaintiffs against Cerberus Capital Management, ~~LP litigation~~L.P. Atand other ~~the~~defendants ~~time~~after ofa ~~this~~suit ~~Report,~~based weon ~~are~~similar ~~currently~~facts ~~offering~~was ~~through~~dismissed ain ~~private~~the ~~placement~~United ~~shares~~States District Court for the Northern District of ~~our~~Illinois and ~~common~~the ~~stock~~dismissal inaffirmed ~~order~~by tothe ~~raise~~United ~~needed capital~~States Court of Appeals for the Seventh Circuit. InIf the ~~future~~state court action is not successful, there wewill ~~may~~be ~~raise~~no ~~additional~~recovery ~~capital~~of ~~though~~damages ~~equity~~and orno ~~debt~~proceeds ~~offerings~~will be available for distribution to the claimants. However, it will not impact VR Holdings intended business growth strategy.

~~Additionally,~~At ~~one of~~ the ~~effects~~time of ~~the~~ ~~exchange of claims with the claimants as described in~~ this Report ~~is to extinguish any claim against Mr. Lapides for which~~, hewe ~~has~~are ~~been~~currently ~~held personally liable~~ in ~~Cause~~a ~~No.~~due ~~98-6-5483-JS,~~diligence Inphase ~~re Transcolor Corporation, Debtor, National City Bank~~ of ~~Minneapolis, Plaintiff~~acquisition vstargets. ~~Morton M. Lapides, Sr., et al., Defendants , in the United States Bankruptcy Court for the District of Maryland.~~ In the ~~Maryland litigation~~future, ~~Mr.~~we ~~Lapides~~may ~~was~~raise ~~found~~additional tocapital bethough ~~personably liable for $7,000,000, plus interest. See the registration statement~~equity ~~filed~~or bydebt ~~VR Holdings with the SEC which became effective on May 11, 2011, and which is expressly incorporated in this Report by reference~~offerings.

Table of Contents -17-

If we are not successful in our litigation in The Cancer Foundation, Inc. v. Cerberus Capital Management, LP, the amount owed by Mr. Lapides will not be paid by VR Holdings. As stated below, VR Holdings does not have any legal obligation to offer any of its shares to any of the below described claimants, but we wish to do so to resolve potential claims against us so that we can move forward with the expectation that our past liabilities, both asserted and unasserted, have been extinguished.

The Cancer Foundation, Inc. v. Cerberus Capital Management, LP

MML, Inc. is a plaintiff in an Illinois State court suit, see The Cancer Foundation, Inc. v. Cerberus Capital Management, LP, and if successful, although not legally liable, plans to distribute on a percentage basis the proceeds from this suit to all claimants including its parent, VR Holdings. The claimants accepting this exchange will have their claims transferred to VR Holdings. See the registration statement filed by VR Holdings with the SEC which became effective on May 11, 2011, and which is expressly incorporated in this Report by reference. The suit was filed in state court on April 17, 2009, by The Cancer Foundation, Inc. and others plaintiffs against Cerberus Capital Management, L.P. and other defendants after a suit based on similar facts was dismissed in the United States District Court for the Northern District of Illinois and the dismissal affirmed by the United States Court of Appeals for the Seventh Circuit. If the state court action is not successful, there will be no recovery of damages and no proceeds will be available for distribution to the claimants. MML, Inc., Morton M. Lapides, Sr. and Transcolor were also plaintiffs in the federal and state lawsuits. We voluntarily agreed to dismiss The Cancer Foundation and Transcolor as plaintiffs because they lacked standing.

The defendants filed a motion to dismiss the state court action on August 3, 2009. The plaintiffs filed an opposition brief on November 13, 2009. The defendants filed their reply on December 4, 2009. Oral argument was held on January 22, 2010. At the conclusion of argument, Judge Allen S. Goldberg dismissed the complaint on the grounds of res judicata . The plaintiffs filed a motion for reconsideration in which they argued that Judge Goldberg misapplied the doctrine of res judicata that the complaint should be reinstated and the case allowed to proceed. The defendants’ opposition brief was filed on April 12, 2010 and the plaintiff’s reply was filed on May 10, 2010. Oral argument on the motion for reconsideration was held on June 1, 2010, at which time Judge Goldberg denied the motion. MML and Lapides filed a notice of appeal on June 25, 2010 and their opening brief on November 5, 2010 with the Appellate Court of Illinois, First Judicial District. The defendants filed an opposition on December 5, 2010, as well as a cross appeal seeking a reversal of the trial judge’s order denying the defendants’ motion for attorneys’ fees. The plaintiffs filed a reply on January 14, 2011, and the defendants filed a reply on the attorneys’ fees issue on January 28, 2011.

On March 16, 2011, the Appellate Court, on its own initiative, ordered the parties to brief the issue of whether the case should be transferred to California, New York or Maryland on the grounds of forum non conveniens because the case has more connections with those jurisdictions than it does with Illinois. After the parties briefed this issue, the Court issued an opinion on May 25, 2011 reversing the trial court’s decision dismissing the case and remanding the case back to the trial court. In its opinion, the Court declined to transfer the case to another state because the defendants refused to waive their statute of limitations defense. The Court reversed the trial court’s dismissal of the case on res judicata grounds, and rejected the defendants’ arguments on the statute of limitation and failure to state a claim. The Court also denied the defendants’ cross appeal for attorneys’ fees.

The Court of Appeals’ rulings constitute a complete reversal of Judge Goldberg’s dismissal of the complaint. On August 5, 2011, the Illinois Court of Appeals wrote to the Clerk of the Cook County Circuit Court stating that the mandate of the Appellate Court has been filed with the Cook County Circuit Court. In doing so, the case was returned to the trial court for further proceedings. At this juncture, the trial court has not taken any action to set a case schedule or take any other action as a result of the Appellate Court’s reversal of the trial court’s decision and the remand of the case to the trial. Neither the plaintiffs nor the defendants have asked the trial court to take any action as a result of the remand.

Table of Contents -18-

It is not possible to predict the ultimate resolution of the case.

VR Holdings, Inc. v. Marshall & Ilsley Trust Company and Venable L.L.P.

As discussed above, on March 11, 2011, VR Holdings filed a suit in Queen Anne’s County, Maryland against Marshall & Ilsley Trust Company and Venable L.L.P. for alleged civil conspiracy beginning in 1998 and continuing through November 2010, at which time the alleged conspirators abandoned their efforts. Marshall & Ilsley allegedly participated with the two lenders to Winterland Concessions Company, a previous subsidiary of VR Holdings. The civil conspiracy expanded to damages through additional causes being tortious aiding and abetting, breach of fiduciary duty, negligence, intentional misrepresentation, and negligent misrepresentation, resulting in damages to VR Holding’s subsidiaries and approximately 2,500 parties in the amount of $1.6 billion plus punitive damages and legal fees.

On May 25, 2011, the Illinois State Appellate Court ruled in VR Holdings’ favor in regards to The Cancer Foundation, Inc. v. Cerberus Capital Management, LP litigation stating that there were no res judicata or statute of limitations problems, and in addition, stated that “… the bankruptcy court in Maryland lacked jurisdiction to decide the contract claim at issue here.” VR Holdings was advised that the defenses in the Maryland case were almost identical to the two items eliminated in the Illinois case. The same damages could not be collected twice. For that reason, and since Marshall & Ilsley is believed to be in financial difficulty, there was no reason to burden the Court with this suit when a decision on the major defense issues were already ruled on in another suit and the Illinois decision questioned a Maryland court’s authority. On the advice of counsel, the case was withdrawn.

Our attorneys in the Marshall & Ilsley and Venable litigation were Frame & Frame, Robert B. Morris, and Barry L. Dahne, one of the trustees of The Cancer Foundation, and one of our major stockholders. In consideration for their services rendered, we have issued 7,000,000 shares of our common stock to each of Frame & Frame, and Messrs. Morris and Dahne. Mr. Morris has since died and his shares were cancelled and returned to VR Holdings. We registered the 7,000,000 shares issued to Frame & Frame and 5,000,000 of the 7,000,000 shares issued to Mr. Dahne by means of a registration statement. Each of Frame & Frame and Mr. Dahne are listed as selling stockholders in the registration statement.

If The Cancer Foundation, Inc. v. Cerberus Capital Management, LP litigation is unsuccessful, we will have to raise funds in some manner to be determined at a later time, in order to continue our VR Holdings business plan, or revise the proposed business model as it now stands. At the time of this Report, we are currently offering through a private placement shares of our common stock in order to raise needed capital. In the future, we may raise additional capital though equity or debt offerings.

It should be clearly understood that we will not be able to commence our proposed VR Holdings business, unless and until we are successful in The Cancer Foundation, Inc. v. Cerberus Capital Management, LP litigation, or we raise additional funds by means of a debt or equity offering. We will explore whatever capital-raising steps which seem most likely to produce the capital we need to finance our litigation and to fund our proposed business going forward. At the time of this Report, we are currently offering through a private placement shares of our common stock in order to raise needed capital. In the future, we may raise additional capital though equity or debt offerings. If we are not successful in our litigation efforts or cannot raise needed funds, our proposed business will most likely fail.

Recent Transactions

In January 2012, VR Holdings entered into an agreement with Litigation Dynamics, Inc. to have Litigation Dynamics, Inc. merge into VR Holdings, Inc. for a consideration of 17,500,000 common shares of VR Holdings, Inc. plus additional shares of VR Holdings, Inc., up to 20,000,000 shares, based upon the revenue volume of Litigation Dynamics, Inc. over the next five years. On September 24, 2012, a second agreement was signed by VR Holdings, Inc. and Litigation Dynamics, Inc. where by it was agreed that Litigation Dynamics, Inc. would be spun off as a separate company and that the total number of shares issued to the shareholder of Litigation Dynamics, Inc. would be reduced to 10,250,000 net of 3,000,000 shares which would be used in exchange for $300,000 of notes payable by Litigation Dynamics, Inc., and 1,500,000 shares due CapNet Security Corporation under a separate agreement signed by VR Holdings, Inc. As part of the reevaluation of the acquisition, of Litigation Dynamics, $63,660 of Notes Receivable were written off as bad debt expense for the year ended September 30, 2012.

Table of Contents -19-

In additions to the reduction in common shares that VR Holdings, Inc. issued, VR Holdings, Inc. received $30,000 in cash which was paid $20,000 in September 2012 and $10,000 in October 2012. The exchange rate for the shareholders of VR Holdings, Inc. to be received when Litigation Dynamics is spun-off is one share of the new company, Litigation Dynamics, Inc. for every 100 shares of VR Holdings, Inc. owned at the time of the spin-off. The control group of VR Holdings, Inc. who own approximately 93.8 % of VR Holdings, Inc. common shares will receive 1 share of Litigation Dynamics, Inc. For every 200 shares they own of VR Holdings, Inc. at the time of the spin-off.

As a result of entering into the Separation Agreement, the operations of Litigation Dynamics, Inc. have been classified as Discontinued Operations on the Statement of Operations, and the assets and liabilities of Litigation Dynamics, Inc. have been segregated on VR Holdings Balance Sheet as hailed for sale.

As note in NOTE 4 – DISCONTINUED OPERATIONS, Litigations Dynamics, Inc. utilized 3,000,000 shares of the common stock that it received from VR Holdings, Inc. for the merger in exchange for $300,000 of debt plus $76,182 of accrued interest. To determine the value of the 3,000,000 shares of VR Holdings, Inc. common stock issued in the exchange for this debt (Notes Payable), VR Holdings utilized the fair value of the stock price on the date of conversion. This approach determined that the value of the 3,000,000 shares of common stock was $1,539,997. After deducting the value of the debt and the accrued interest, Litigation Dynamics, Inc. lost $1,153,815 on the exchange, and this loss was recorded as a charge to the Statement of Operations during the year ended September 30, 2012.

On May 23, 2012, VR Holdings, Inc. signed a $50,000 note with an investment group to generate additional funding. The note has an annual interest rate of 10% payable quarterly with the first payment date on August 23, 2012 with interest being accrued monthly. As a condition of the Separation Agreement between VR Holdings, Inc. and Litigation Dynamics, this note was transferred to Litigation Dynamics, Inc. and the responsibility for making interest and principals payments was transferred to Litigation Dynamics, Inc. with no recourse to VR Holdings, Inc. The note holder has agreed to these conditions.

Results of Operations

Three Months Ended ~~June~~December 3031, 2013 Compared to Three Months Ended ~~June~~December 3031, 2012.

Revenues. VR Holdings had revenues of $0 for the three months ended ~~June~~December 3031, 2013 and 2012 of $45,000 and $60,000, respectively, which have been reclassified as Discontinued Operations in the June 30, 2013 and 2012 financial statements. The decrease in revenue in 2013 was due to a decrease consulting services of Litigation Dynamics, Inc., which sells computer software and consulting services associated with litigation support. VR Holdings, Inc. and Litigation Dynamics, Inc. signed a Separation Agreement on September 24, 2012 which provided for the spin-off of Litigation Dynamics, Inc. and as such the revenue has been reclassified as Discontinued Operations in VR Holdings’ financial statements. See NOTE -4- DISCONTINUED OPERATIONS for additional information.

General and Administrative Expenses. Our general and administrative expenses decreased for the quarter from $3815,~~968~~486 in 2012 to $1110,~~809~~136 in 2013. ~~This~~as ~~decrease~~a ~~was primarily the~~ result of areduced general ~~decrease~~business inand ~~professional~~travel ~~fees~~expenses ~~incurred~~related ~~relating~~ to ~~the~~business ~~preparation~~acquisition ~~and filing of documents with the SEC~~activities.

~~Net~~Table ~~(Loss). The net loss decreased to $(31,257) in 2013 from a net loss~~ of ~~$(40,266)~~Contents ~~in 2012. This decrease was the result of the decrease in general and administrative expenses offset by an increase in the operating loss at Litigation Dynamics, Inc.~~-15-

~~Table~~Net (Loss) from Continued Operations. The net loss from continuing operations for the quarter ending December 31, 2013 was 10,126 as compared to a loss in the same period in 2012 of ~~Contents~~15,486 ~~-20-~~as a result of reduced general and administrative expenses as described above.

~~Nine~~Net ~~Months~~(Loss) ~~Ended~~from ~~June~~Discontinued 30Operations. The net loss from discontinued operations for the quarter ending December 31, 2013 ~~Compared~~was 2,607 as compared to ~~Nine~~a ~~Months~~loss in the same ~~Ended~~periods ~~June~~in 302012 of 15,841 ~~2012~~as a result of reduction of general and Administrative expenses associated with Litigation Dynamics.

~~Revenues~~Net (Loss). VRThe ~~Holdings~~net ~~had~~loss ~~revenues~~ for the ~~nine~~quarter ~~months~~ending ~~ended~~December ~~June 30~~31, 2013, ~~and~~was ~~2012~~12,733 ofas ~~$115,544~~compared ~~and~~to ~~$60,000,~~a ~~respectfully,~~loss ~~which have been reclassified as Discontinued Operations~~ in the ~~March~~same ~~31,~~period ~~2013, financial statements. The increase~~ in ~~revenue~~2012 inof ~~2013 was due to the additional consulting services performed by Litigation Dynamics~~31,327 ~~Inc.,~~as ~~which~~a ~~sells~~result ~~computer~~of ~~software and consulting services associated with for litigation support.~~reduced VRgeneral ~~Holdings, Inc.~~ and ~~Litigation~~administrative ~~Dynamics,~~expenses ~~Inc.~~in ~~signed~~both acontinued ~~Separation~~operations ~~Agreement on September 24, 2012 which provided for the spin-off of Litigation Dynamics, Inc.~~ and asdiscontinued ~~such,~~operations ~~the revenue has been reclassified~~ as ~~Discontinued~~described ~~Operations in VR Holdings’ financial statements~~above. ~~See NOTE -4- DISCONTINUED OPERATIONS for additional information.~~

~~General~~Liquidity and ~~Administrative~~Capital ~~Expenses~~Resources. Our ~~The~~primary ~~general~~expenses ~~and~~have ~~administrative~~been ~~expenses~~greatly ~~decreased~~reduced ~~from~~as ~~$163,557~~ongoing inlitigation ~~2012~~expenses towere ~~$39,663~~nearly ineliminated ~~2013.~~as ~~This~~the ~~decrease~~result ~~was~~of ~~primarily~~attorneys representing the ~~result~~ offirm on a ~~decrease~~contingency inbasis. ~~professional~~The ~~fees~~primary ~~incurred~~expenses ~~relating~~were tolegal ~~the~~and ~~acquisition~~accounting fees. As of ~~Litigation~~December ~~Dynamics~~31, ~~Inc.~~2013, the inCompany ~~2012~~had ~~and~~$572 ~~the~~of ~~preparation and~~cash, ~~filing~~$288 of ~~documents~~which ~~with~~is ~~the~~included ~~SEC~~in assets held for sale, and $0 cash equivalents.

~~Impairment~~ As of ~~Goodwill.~~December ~~The~~31, ~~decrease~~2013, inwe ~~the~~had ~~impairment~~outstanding liabilities of ~~goodwill expense of~~ $2653,~~944~~880,~~539~~ ~~was~~which ~~the~~is ~~result~~payable ofwithin ~~the~~12 ~~one time write off or expensing of goodwill in 2012~~months. ~~The~~We ~~acquisition~~are ofattempting ~~Litigation~~to ~~dynamics,~~obtain ~~Inc.~~funds ~~created~~from ~~this goodwill and~~ the ~~subsequent~~successful ~~evaluation~~conclusion of ~~the continuing~~ ~~value~~our oflawsuit ~~this~~through ~~goodwill~~the ~~caused~~judicial itsystem. toThere beare ~~written~~no ~~off~~interest, aspenalties anor ~~expense~~fines inaccruing ~~the~~on ~~Income Statement in~~ the ~~quarter~~past ~~ended~~due ~~March 31, 2012~~amounts.

Net (Loss). The net loss decreased to ($68,675) in 2013 from a net loss of ($3,164,136) in 2012. This decrease was the result of the decrease in acquisition costs and the write off of the impairment of goodwill associated with acquisition of Litigations Dynamics, Inc. in 2012.

Liquidity and Capital Resources

The directors of The Cancer Foundation have agreed that The Cancer Foundation would advance money to VR Holdings to be used to pay legal and audit expenses associated with the legal action taken by VR Holdings against our lender group. As a charitable foundation, The Cancer Foundation determined that it was in the best interests of the foundation to attempt to recover gifts that were made to it but not received. The Cancer Foundation believes that this is the best way for it to recover the $80,000,000 donation that it would have received from VR Holdings had the lender group of VR Holdings not taken actions that caused VR Holdings to lose its value. However, it should be understood that even though VR Holdings desired to make the proposed $80,000,000 gift to The Cancer Foundation, the foundation had no legal claim to the money and we were not contractually obligated to make the gift. In addition, The Cancer Foundation determined that it was in the best interests of the foundation to exchange its claim against the lender group for shares of VR Holdings and to pay legal bills and audit expenses of VR Holdings. There is no formal agreement between VR Holdings and The Cancer Foundation concerning the payment of legal and audit expenses of VR Holdings, Inc. by The Cancer Foundation. However, The Cancer Foundation may continue to pay bills associated with the current litigation, as funds become available to The Cancer Foundation, but there is no obligation to do so or assurance that funds will be provided.

The Cancer Foundation has paid our expenses for the periods indicated were as follows:

Period		Amount
Year ended September 30, 2008	$	15,000
Year ended September 30, 2009	$	19,567
Year ended September 30, 2010	$	116,961
Year ended September 30, 2011	$	15,216
Year ended September 30, 2012	$	1,836
Nine months ended June 30, 2013	$	0

Table of Contents -21-

Funds were provided to The Cancer Foundation for the periods indicated by investors who purchased shares of our common stock owned by The Cancer Foundation, as follows:

Stockholder	Shares Purchased	Date Purchased		Amount Paid
Edwin C. Fulton	300,000	10/23/2009	$	30,000
Vivek Sood	50,000	10/23/2009		5,000
Chris Urban	100,000	3/15/2010		10,000
Total	450,000		$	45,000

Our primary source of liquidity has been expenses paid by The Cancer Foundation, which were primarily legal and accounting fees. As of June 30, 2013, we had $535 in cash and cash equivalents including $251 of cash and equivalents classified as assets held for sale. We have no obligation to repay The Cancer Foundation for any funds advanced on our behalf and there are no agreements reflecting that we have any such obligation.

As of June 30, 2012, we had outstanding liabilities of $607,196, which is payable within 12 months. There are no interest, penalties or fines accruing on the past due amounts. We are attempting to obtain funds from the successful conclusion of our lawsuit. In the event that we are unsuccessful in our litigation or the litigation continues for an extensive period, we would be required to raise additional equity capital. At the time of this Report, we are currently offering through a private placement shares of our common stock in order to raise needed capital. In the future, we may raise additional capital though equity or debt offerings.

There is no assurance that we will be able to obtain such additional capital through equity or debt financing, or any combination thereof, or on satisfactory terms or at all. Additionally, no assurance can be given that any such financing, if obtained, will be adequate to meet our ultimate capital needs and to support our growth. If adequate capital cannot be obtained on a timely basis and on satisfactory terms, our operations would be materially negatively impacted. Further, if we do not obtain additional funding during the year 2013, we may enter into bankruptcy and possibly cease operations thereafter. As a result of the above discussed conditions, there exists substantial doubt about our ability to continue as a going concern.

Seasonality

Our proposed business is not subject to seasonality.

Impact of Inflation

General inflation in the economy has driven the operating expenses of many businesses higher. We will continuously seek methods of reducing costs and streamlining operations while maximizing efficiency through improved internal operating procedures and controls. While we are subject to inflation as described above, our management believes that inflation currently does not have a material effect on our operating results. However, inflation may become a factor in the future.

Critical Accounting Policies

The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States requires us to make judgments, assumptions and estimates that affect the amounts reported. Note 1 – Basis of Presentation of Notes to Financial Statements describes the significant accounting policies used in the preparation of the financial statements. Certain of these significant accounting policies are considered to be critical accounting policies, as defined below.

ADevelopment critical accounting policy is defined as one that is both material to the presentation of our financial statements and requires management to make difficult, subjective or complex judgments that could have a material effect on our financial condition or results of operations. Specifically, critical accounting estimates have the following attributes:Stage

~~Table~~VR ofHoldings ~~Contents~~ re-~~22-~~entered the development stage on July 25, 2006. From inception to July 24, 2006, the Company had an accumulated deficit of $15,492,955.

·Principles ~~We are required to make assumptions about matters that are highly uncertain at the time~~ of ~~the estimate; and~~Consolidation

·The ~~Different~~financial ~~estimates~~statements weinclude ~~could reasonably have used, or changes in~~ the ~~estimate~~accounts ~~that~~of ~~are~~VR ~~reasonably likely to occur~~Holdings, ~~would~~Inc. and ~~have~~its asubsidiaries. ~~material~~Intercompany ~~effect~~transactions onand ~~our~~balances ~~financial~~have ~~condition~~been ~~or results of operations~~eliminated.

~~Estimates~~Table and assumptions about future events and their effects cannot be determined with certainty. We base our estimates on historical experience and on various other assumptions believed to be applicable and reasonable under the circumstances. These estimates may change as new events occur, as additional information is obtained and as our operating environment changes. These changes have historically been minor and have been included in the consolidated financial statements as soon as they became known. Based on a critical assessment of ~~our~~Contents accounting policies and the underlying judgments and uncertainties affecting the application of those policies, management believes that our financial statements are fairly stated in accordance with accounting principles generally accepted in the United States, and present a meaningful presentation of our financial condition and results of operations.-16-

InEstimates ~~preparing our financial statements to conform to accounting principles generally accepted in the United States, we make estimates~~ and assumptions that affect the amounts reported in our financial statements and accompanying notes. These estimates include useful lives for fixed assets for depreciation calculations and assumptions for valuing options and warrants. Actual results could differ from these estimates.Assumptions

~~Financing~~Preparing ~~Activities~~financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Examples include valuation of stock-based compensation. Actual results and outcomes may differ from management’s estimates and assumptions.

WeCash plan to fund our proposed operations from some or all of our litigation efforts. If we are unsuccessful in our litigation, we will have to raise capital by means of borrowings or the sale of shares of our common stock. At the time of this Report, we are currently offering through a private placement shares of our common stock in order to raise needed capital. In the future, we may raise additional capital though equity or debt offerings. At present, we do not have any commitments with respect to future financings. If we are unable to raise the capital we need to finance our business, including the proposed business of Litigation Dynamics going forward, and ~~our~~Cash ~~litigation is unsuccessful, our proposed business will likely fail.~~Equivalents

AtThe ~~present,~~Company weconsiders doall ~~not have sufficient~~highly ~~capital~~liquid onshort-term ~~hand~~investments topurchased ~~fund~~with ~~our~~an ~~proposed~~original ~~operations~~maturity ~~for~~of ~~the~~three ~~next 12~~ months. Weor ~~estimate~~less ~~that we will need at least $400,000~~ to ~~fund our operations over the next 12 months in addition to repaying or refinancing $300,000 of debt for Litigation Dynamics. These operating funds will~~ be ~~spent~~cash ~~to fund the current ligation that has been filed and to pay our operating expenses~~equivalents. ~~Recently,~~At ~~The~~December ~~Cancer Foundation~~31, ~~Inc.~~2013, ~~a charitable foundation established in 1968 by~~ the ~~uncles~~Company ~~and~~had ~~father~~$572 of ~~Mr. Morton M. Lapides~~cash, ~~Sr.,~~$288 ~~who along with his wife are the controlling stockholders~~ of ~~Deohge~~which ~~Corp.,~~is ~~our~~included ~~majority~~in ~~stockholder,~~assets ~~has~~held ~~made~~for ~~capital contributions of money to pay most of our current operating expenses. However~~sale, weand ~~cannot~~$0 ~~continue~~cash ~~to rely upon any future funding from The Cancer Foundation, Inc~~equivalents.

~~The Cancer Foundation has paid our expenses for the periods indicated were as follows:~~Goodwill

Period		Amount
Year ended September 30, 2008	$	15,000
Year ended September 30, 2009	$	19,567
Year ended September 30, 2010	$	116,961
Year ended September 30, 2011	$	15,216
Year ended September 30, 2012	$	1,836
Nine months ended June 30, 2013	$	0

~~Table~~Discontinued ~~of Contents -23-~~Operations

~~Funds~~The ~~were~~Company ~~provided~~follows the policy of segregating the assets and liabilities of subsidiaries or lines of business on its Balance Sheet from the assets liabilities of continuing subsidiaries or lines of businesses when it is decided to ~~The~~close ~~Cancer~~or ~~Foundation~~dispose of a subsidiary or line of business. The ~~for~~Company also, follows the ~~periods~~policy ~~indicated~~of byseparately ~~investors~~disclosing ~~who~~the ~~purchased~~assets ~~shares~~and liabilities and the net operations of ~~our~~a ~~common~~subsidiary ~~stock~~or line ~~owned~~of bybusiness ~~The~~in ~~Cancer~~its ~~Foundation,~~financial asstatements ~~follows:~~when it is decided to close or dispose of a subsidiary or line of business.

Stockholder	Shares Purchased	Date Purchased		Amount Paid
Edwin C. Fulton	300,000	10/23/2009	$	30,000
Vivek Sood	50,000	10/23/2009		5,000
Chris Urban	100,000	3/15/2010		10,000
Total	450,000		$	45,000

Goodwill Impairment

VRThe ~~Holdings~~Company ~~Needs~~follows Tothe ~~Hire~~policy of ~~Specialized~~annually ~~Personnel~~reviewing the carrying value of its Goodwill assets as to any impairment of the current value. In those cases where there has been an impairment of the carrying value of Goodwill, the carrying value of Goodwill is adjusted to reflect this impairment through a charge to the current year Statement of Operations.

~~Although~~Interests ~~we are committed to the continued development and growth of our business, we will need to engage specialized key personnel, such as underwriters and legal personnel, to assess risks of investing~~ in lawsuits and to assist VR Holdings in the execution of our business model, inasmuch as John E. Baker, our chief executive officer, does not possess the requisite level of expertise to perform such functions. Further, Mr. Baker will not devote his entire working efforts to our business, since he is currently employed as chief financial officer and treasurer of Inware Technologies, Inc. It is possible that we will not be able to locate and hire such specialized personnel on acceptable terms.Litigation

~~Litigation~~The ~~Dynamics~~interests ~~Needs~~in Tolitigation are ~~Hire~~being ~~Specialized~~accounted ~~Personnel~~for as gain contingencies. Therefore, no amounts have been recorded for these interests in the consolidated financial statements. Any gains will be recorded when realized.

~~Although~~Income we are committed to the continued development and growth of our business, we will need to engage specialized key personnel, such as experienced litigation support professionals, paralegals, and IT professionals to assist Litigation Dynamics in the execution of our business model. It is possible that we will not be able to locate and hire such specialized personnel on acceptable terms.Taxes

~~Quantitative~~An asset and ~~Qualitative~~liability ~~Disclosures~~approach is ~~About~~used ~~Market~~for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between ~~Risk~~income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss carryforwards (“NOLs”). If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized.

WeStock-Based conduct all of our transactions in U.S. dollars. We are therefore not directly subject to the risks of foreign currency fluctuations and do not hedge or otherwise deal in currency instruments in an attempt to minimize such risks.Compensation

Reclassifications

Certain amounts from prior periods have been reclassified to conform to the current period presentation.

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Earnings (Loss) Per Common Share

The Company has no outstanding stock options, warrants, or convertible securities which would be considered dilutive at December 31, 2013. As of December 31, 2013 and 2012, the Company had 10,000,000 and 9,000,000 common stock warrants outstanding, respectively, with an exercise price of $0.10 per share for all Warrants. At December 31, 2013 and 2012, the market for the common shares of VR Holdings, Inc. was so limited that it was determined that it was impossible for sufficient number of options to be exercised to cause any dilutive effect upon the earnings per share calculation.

As of December 31, 2013 and 2012, there are no potentially dilutive securities that are anti-dilutive.

Recently Issued Accounting Pronouncements

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-18-

Table of Contents -24-

InThere ~~August~~were ~~2012,~~various ~~the~~other ~~FASB issued ASU~~accounting ~~2012-03,~~standards ~~“Technical Amendments~~ and ~~Corrections~~interpretations toissued ~~SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114~~recently, ~~Technical~~none Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update)” in Accounting Standards Update No. 2012-03. This update amends various SEC paragraphs pursuant to the issuance of ~~SAB~~which ~~No.~~are ~~114. The adoption of ASU 2012-03 is not~~ expected to have a material impact on our ~~financial~~consolidated ~~position~~financial orposition, ~~results~~operations ofor ~~operations~~cash flows.

In ~~July~~ ~~2012,~~preparing ~~the~~our ~~FASB~~financial ~~issued~~statements to ~~ASU~~conform ~~2012-02,~~to ~~“Intangibles~~accounting –principles ~~Goodwill~~generally ~~and~~accepted ~~Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment”~~ in ~~Accounting~~the ~~Standards~~United ~~Update No. 2012-02. This update amends ASU 2011-08~~States, ~~Intangibles~~we ~~– Goodwill~~make ~~and~~estimates ~~Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment~~ and ~~permits~~assumptions ~~an entity first to assess qualitative factors to determine whether it is more likely than not~~ that anaffect ~~indefinite-lived intangible asset is impaired as a~~the ~~basis~~amounts ~~for~~reported ~~determining whether it is necessary to perform the quantitative impairment test~~ in ~~accordance~~our ~~with~~financial ~~Subtopic~~statements ~~350-30, Intangibles - Goodwill~~ and ~~Other~~accompanying ~~- General Intangibles Other than Goodwill~~notes. ~~The~~These ~~amendments~~estimates ~~are~~include ~~effective~~useful ~~for~~lives ~~annual and interim impairment tests performed~~ for ~~fiscal~~fixed ~~years~~assets ~~beginning after September 15, 2012. Early adoption is permitted, including~~ for depreciation ~~annual~~calculations and ~~interim impairment~~assumptions ~~tests performed as of a date before July 27, 2012, if a public entity’s financial statements~~ for ~~the~~valuing ~~most~~options ~~recent annual~~and ~~or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance~~warrants. ~~The adoption~~Actual ofresults ~~ASU~~could ~~2012-02~~differ ~~has~~from ~~not~~these ~~had a material impact on our financial position or results of operations~~estimates.

~~In December~~Financing 2011, the FASB issued ASU 2011-12, “Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. This update defers the requirement to present items that are reclassified from accumulated other comprehensive income to net income in both the statement of income where net income is presented and the statement where other comprehensive income is presented. The adoption of ASU 2011-12 has not had a material impact on our financial position or results of operations.Activities

~~In December~~Regardless ~~2011,~~of the ~~FASB~~outcome ~~issued~~in ~~ASU~~our ~~No. 2011-11 “Balance Sheet: Disclosures about Offsetting Assets and Liabilities”~~litigation, ~~(“ASU~~we ~~2011-11”).~~will ~~This~~have ~~Update requires an entity~~ to ~~disclose~~raise ~~information~~capital ~~about~~by ~~offsetting~~means ~~and~~of ~~related~~borrowings ~~arrangements~~or ~~to enable~~the ~~users~~sale of ~~its~~shares ~~financial~~of ~~statements~~our tocommon ~~understand~~stock. In the ~~effect~~future, ofwe ~~those~~may ~~arrangements~~raise onadditional capital ~~its~~though ~~financial~~equity ~~position~~or debt offerings. ~~The~~At ~~objective of~~present, ~~this~~we ~~disclosure~~do isnot tohave ~~facilitate~~any ~~comparison~~commitments ~~between~~with ~~those~~respect ~~entities~~to ~~that~~future ~~prepare~~financings. ~~their~~If ~~financial~~we ~~statements~~are unable onto raise the ~~basis~~capital ofwe ~~U.S. GAAP~~need ~~and~~to ~~those~~finance ~~entities~~our ~~that~~business, ~~prepare~~our ~~their~~proposed ~~financial~~business ~~statements~~will onlikely ~~the~~fail.

~~Table~~At ofpresent, ~~Contents~~we ~~-25-~~do not have sufficient capital on hand to fund our proposed operations for the next 12 months. We estimate that we will need at least $250,000 to fund our operations over the next 12 months. These operating funds will be spent to fund our operating expenses.

~~basis~~Table of ~~IFRS.~~Contents The amended guidance is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. VR Holdings is currently evaluating the impact, if any, that the adoption of this pronouncement may have on its results of operations or financial position.-19-

VR Holdings Needs To Hire Specialized Personnel

Although we are committed to the continued development and growth of our business, we will need to engage specialized key personnel, such as underwriters and legal personnel, to assess risks of investing in lawsuits and to assist VR Holdings in the execution of our business model, inasmuch as Matthew A. Lapides, our chief executive officer, does not possess the requisite level of expertise to perform such functions. Further, Mr. Baker will not devote his entire working efforts to our business, since he is currently employed as chief financial officer and treasurer of Inware Technologies, Inc. It is possible that we will not be able to locate and hire such specialized personnel on acceptable terms.

Litigation Dynamics Needs To Hire Specialized Personnel

Although we are committed to the continued development and growth of our business, we will need to engage specialized key personnel, such as experienced litigation support professionals, paralegals, and IT professionals to assist Litigation Dynamics in the execution of our business model. It is possible that we will not be able to locate and hire such specialized personnel on acceptable terms.

Quantitative and Qualitative Disclosures About Market Risk

We conduct all of our transactions in U.S. dollars. We are therefore not directly subject to the risks of foreign currency fluctuations and do not hedge or otherwise deal in currency instruments in an attempt to minimize such risks.

Adequacy of Working Capital for VR Holdings

It is possible that there will be capital to fund our business plan through a successful resolution of the litigation in which we are currently involved. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Financing Activities.” However, if our litigation efforts are unsuccessful or do not generate sufficient cash to fund our anticipated operations, we will continue to execute the intended business strategy. We still fully intend to proceed with our proposed business plan and will apply great efforts to raise what we feel is sufficient working capital for our intended business plan by various means.

If we are not able to raise additional capital, we would not be able to continue operations and our business may fail. In the future, we may raise additional capital though equity or debt offerings.

The Financial Results for VR Holdings May Be Affected by Factors Outside of Our Control

Our future operating results may vary significantly from quarter to quarter due to a variety of factors, many of which are outside our control. Our anticipated expense levels are based, in part, on our estimates of future revenues and may vary from projections. We may be unable to adjust spending rapidly enough to compensate for any unexpected revenues shortfall. Accordingly, any significant shortfall in revenues in relation to our planned expenditures would materially adversely affect our business, operating results, and financial condition. We cannot predict with certainty our success in litigation. Further, we believe that period-to-period comparisons of our operating results are not necessarily a meaningful indication of future performance.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

There has been no material change in our market risks since the end of the fiscal year ~~2012~~2013.

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Item 4. Controls and Procedures.

See Item 4(T) below.

Item 4(T). Controls and Procedures.

The term disclosure controls and procedures means controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Exchange Act (15 U.S.C. 78a, et seq. ) is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

The term internal control over financial reporting is defined as a process designed by, or under the supervision of, the issuer’s principal executive and principal financial officers, or persons performing similar functions, and effected by the issuer’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:

Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the issuer;

Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the issuer are being made only in accordance with authorizations of management and directors of the issuer; and

Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the issuer’s assets that could have a material effect on the financial statements.

Our management, including our chief executive officer and chief financial officer, does not expect that our disclosure controls and procedures or our internal controls over financial reporting will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of inherent limitations in all control systems, internal control over financial reporting may not prevent or detect misstatements, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the registrant have been detected. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

~~Table~~Evaluation of ~~Contents~~Disclosure and Controls and Procedures. Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-~~26-~~15(f) under the Exchange Act. Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States. We carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. The evaluation was undertaken in consultation with our accounting personnel. Based on that evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were not effective at December 31 , 2013 due to the lack of accounting personnel. We intend to hire additional employees when we obtain sufficient capital.

Evaluation of Disclosure and Controls and Procedures. Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) under the Exchange Act. Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States. We carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report. The evaluation was undertaken in consultation with our accounting personnel. Based on that evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were not effective at June 30 , 2013 due to the lack of accounting personnel. We intend to hire additional employees when we obtain sufficient capital.

Changes in Internal Controls over Financial Reporting. There were no changes in the internal controls over our financial reporting that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

See Item 2, above.

Item 1A. Risk Factors.

Not applicable.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

~~None~~Not ~~that have not already been reported~~Applicable.

Item 3. Defaults Upon Senior Securities.

Not applicable.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

Table of Contents -28-

Item 6. Exhibits.

Exhibit No.		Identification of Exhibit
	Identification of Exhibit
1.0**	Letter Agreement between CapNet Securities Corporation and VR Holdings, Inc. dated October 24, 2011, filed as Exhibit 1.0 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.	Letter Agreement between CapNet Securities Corporation and VR Holdings, Inc. dated October 24, 2011, filed as Exhibit 1.0 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
2.0**	Plan and Agreement of Triangular Merger between VR Holdings, Inc., VRH Merger Sub, Inc. and Litigation Dynamics, Inc. dated November 21, 2011, filed as Exhibit 10.1 to the registrant’s Report on Form 8-K on November 23, 2011, Commission File Number 333-166884.	Plan and Agreement of Triangular Merger between VR Holdings, Inc., VRH Merger Sub, Inc. and Litigation Dynamics, Inc. dated November 21, 2011, filed as Exhibit 10.1 to the registrant’s Report on Form 8-K on November 23, 2011, Commission File Number 333-166884.
3.1**	Certificate of Incorporation of VR Holdings, Inc. filed with the Secretary of State of Delaware on November 2, 1998, filed as Exhibit 3.1 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.	Certificate of Incorporation of VR Holdings, Inc. filed with the Secretary of State of Delaware on November 2, 1998, filed as Exhibit 3.1 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.
3.2**	Certificate of Amendment of Certificate of Incorporation of VR Holdings, Inc. filed with the Secretary of State of Delaware on June 2, 2008, filed as Exhibit 3.2 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.	Certificate of Amendment of Certificate of Incorporation of VR Holdings, Inc. filed with the Secretary of State of Delaware on June 2, 2008, filed as Exhibit 3.2 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.
3.3**	Original Bylaws of VR Holdings, Inc., filed as Exhibit 3.3 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.	~~Original Bylaws of VR Holdings, Inc., filed as Exhibit 3.3 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.~~
3.4**	Amended and Restated Certificate of Incorporation of VR Holdings, Inc. adopted May 14, 2010, filed as Exhibit 3.4 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.	Amended and Restated Certificate of Incorporation of VR Holdings, Inc. adopted May 14, 2010, filed as Exhibit 3.4 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.
3.5**	Amended and Restated Bylaws of VR Holdings, Inc. adopted May 14, 2010, filed as Exhibit 3.5 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.	~~Amended and Restated Bylaws of VR Holdings, Inc. adopted May 14, 2010, filed as Exhibit 3.5 to the registrant’s registration statement on July 20, 2010, Commission File Number 333-166884.~~
3.6**	Articles of Incorporation of VRH Merger Sub, Inc. filed with the Secretary of State of Texas on November 14, 2011, and subsequently amended on January 20, 2012, by Articles of Merger between VRH Merger Sub, Inc. and Litigation Dynamics, Inc. filed with the Secretary of State of Texas on January 20, 2012. to reflect the change of the name of VRH Merger Sub, Inc. to Litigation Dynamics, Inc., filed as Exhibit 3.6 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.	Articles of Incorporation of VRH Merger Sub, Inc. filed with the Secretary of State of Texas on November 14, 2011, and subsequently amended on January 20, 2012, by Articles of Merger between VRH Merger Sub, Inc. and Litigation Dynamics, Inc. filed with the Secretary of State of Texas on January 20, 2012. to reflect the change of the name of VRH Merger Sub, Inc. to Litigation Dynamics, Inc., filed as Exhibit 3.6 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
3.7**		Bylaws of VRH Merger Sub, Inc. adopted on November 21, 2011, and subsequently amended on January 20, 2012 to reflect the change of the name of VRH Merger Sub, Inc. to Litigation Dynamics, Inc., filed as Exhibit 3.7 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
3.8**		Articles of Merger between VRH Merger Sub, Inc. and Litigation Dynamics, Inc. filed with the Secretary of State of Texas on January 20, 2012, filed as Exhibit 3.8 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.1**		Charter of the Audit Committee of VR Holdings, Inc., filed as Exhibit 10.1 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.2**		Code of Business Conduct of VR Holdings, Inc., filed as Exhibit 10.2 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.3**		Code of Ethics for Senior Executive Officers and Senior Financial Officers of VR Holdings, Inc., filed as Exhibit 10.3 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.4**		Charter of the Compensation Committee of VR Holdings, Inc., filed as Exhibit 10.4 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.5**		Corporate Governance Principles of the Board of Directors of VR Holdings, Inc., filed as Exhibit 10.5 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.6**		Charter of the Executive Committee of the Board of Directors of VR Holdings, Inc., filed as Exhibit 10.6 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.7**		Charter of the Finance Committee of VR Holdings, Inc., filed as Exhibit 10.7 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.8**		Charter of the Governance and Nominating Committee of VR Holdings, Inc., filed as Exhibit 10.8 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.9**		Executive Summary Memorandum, filed as Exhibit 10.9 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.10**		Assignment of Claims, filed as Exhibit 10.10 to the registrant’s registration statement on September 9, 2010, Commission File Number 333-166884.

Table of Contents -2922-

Exhibit No.		Identification of Exhibit
3.7**	Bylaws of VRH Merger Sub, Inc. adopted on November 21, 2011, and subsequently amended on January 20, 2012 to reflect the change of the name of VRH Merger Sub, Inc. to Litigation Dynamics, Inc., filed as Exhibit 3.7 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.11**		Form of Settlement with the claimants, filed as Exhibit 10.11 to the registrant’s registration statement on April 29, 2011, Commission File Number 333-166884.
3.8**	Articles of Merger between VRH Merger Sub, Inc. and Litigation Dynamics, Inc. filed with the Secretary of State of Texas on January 20, 2012, filed as Exhibit 3.8 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.12**		Warrant dated August 30, 2010, for 1,000,000 shares issued to Norman T. Reynolds, Esq., filed as Exhibit 10.12 to the registrant’s registration statement on October 25, 2010, Commission File Number 333-166884.
10.1**	Charter of the Audit Committee of VR Holdings, Inc., filed as Exhibit 10.1 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.13*		Amended Warrant dated August 13, 2012, for 8,000,000 shares issued to Norman T. Reynolds, Esq.
10.2**	Code of Business Conduct of VR Holdings, Inc., filed as Exhibit 10.2 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.14**		Employment Agreement between Litigation Dynamics, Inc. and Zane Russell dated January 20, 2012, filed as Exhibit 10.14 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.3**	Code of Ethics for Senior Executive Officers and Senior Financial Officers of VR Holdings, Inc., filed as Exhibit 10.3 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.15**		Employment Agreement between Litigation Dynamics, Inc. and J. Michael Moore dated January 20, 2012, filed as Exhibit 10.15 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.4**	Charter of the Compensation Committee of VR Holdings, Inc., filed as Exhibit 10.4 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.16**		Master Services Agreement between Litigation Dynamics, Inc. and VR Holdings, Inc. dated January 20, 2012, filed as Exhibit 10.16 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.5**	Corporate Governance Principles of the Board of Directors of VR Holdings, Inc., filed as Exhibit 10.5 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.17**		Subscription Agreement executed by Litigation Dynamics, Inc. shareholders on January 20, 2012, in connection with the merger of VRH Merger Sub, Inc. and Litigation Dynamics, Inc., filed as Exhibit 10.17 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.6**	Charter of the Executive Committee of the Board of Directors of VR Holdings, Inc., filed as Exhibit 10.6 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.18**		Promissory note executed by Pine Springs Capital, LLC dated March 31, 2011, in the amount of $11,250.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.18 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.7**	Charter of the Finance Committee of VR Holdings, Inc., filed as Exhibit 10.7 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.19**		Promissory note executed by New Course Group dated June 10, 2011, in the amount of $3,930.55 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.19 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.8**	Charter of the Governance and Nominating Committee of VR Holdings, Inc., filed as Exhibit 10.8 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.20**		Promissory note executed by New Course Group dated June 3, 2011, in the amount of $5,711.38 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.20 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.9**	Executive Summary Memorandum, filed as Exhibit 10.9 to the registrant’s registration statement on May 17, 2010, Commission File Number 333-166884.
10.21**		Promissory note executed by Pine Springs Capital, LLC dated May 20, 2011, in the amount of $4,000.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.21 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.10**	Assignment of Claims, filed as Exhibit 10.10 to the registrant’s registration statement on September 9, 2010, Commission File Number 333-166884.
10.22**		Promissory note executed by New Course Group dated June 29, 2011, in the amount of $3,220.51 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.22 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.11**	Form of Settlement with the claimants, filed as Exhibit 10.11 to the registrant’s registration statement on April 29, 2011, Commission File Number 333-166884.
10.23**		Promissory note executed by ProduClear, Inc. dated April 13, 2011, in the amount of $2,500.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.23 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.12**	Warrant dated August 30, 2010, for 1,000,000 shares issued to Norman T. Reynolds, Esq., filed as Exhibit 10.12 to the registrant’s registration statement on October 25, 2010, Commission File Number 333-166884.
10.24**		Promissory note executed by Texas Golfer Magazine dated April 1, 2011, in the amount of $3,250.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.24 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.13**	Amended Warrant dated August 13, 2012, for 8,000,000 shares issued to Norman T. Reynolds, Esq., filed as Exhibit 10.13 to the registrant’s Report on Form 10-K on February 5, 2014, Commission File Number 333-166884.
10.25**		Promissory note executed by Trekmore dated April 8, 2011, in the amount of $5,000.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.25 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.14**	Employment Agreement between Litigation Dynamics, Inc. and Zane Russell dated January 20, 2012, filed as Exhibit 10.14 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.26**		Promissory note executed by Litigation Dynamics, Inc. dated May 5, 2011, in the amount of $50,000.00 payable to the order of Robert Embry, filed as Exhibit 10.26 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.15**	Employment Agreement between Litigation Dynamics, Inc. and J. Michael Moore dated January 20, 2012, filed as Exhibit 10.15 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.27**		Promissory note executed by Litigation Dynamics, Inc. dated April 25, 2011, in the amount of $50,000.00 payable to the order of Michael Jud, filed as Exhibit 10.27 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.16**	Master Services Agreement between Litigation Dynamics, Inc. and VR Holdings, Inc. dated January 20, 2012, filed as Exhibit 10.16 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.28**		Promissory note executed by Litigation Dynamics, Inc. dated April 19, 2011, in the amount of $5,000.00 payable to the order of Michael Jud, filed as Exhibit 10.28 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.17**	Subscription Agreement executed by Litigation Dynamics, Inc. shareholders on January 20, 2012, in connection with the merger of VRH Merger Sub, Inc. and Litigation Dynamics, Inc., filed as Exhibit 10.17 to the registrant’s Report on Form 8-K/A on January 23, 2012, Commission File Number 333-166884.
10.18**	Promissory note executed by Pine Springs Capital, LLC dated March 31, 2011, in the amount of $11,250.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.18 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.

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Exhibit No.		Identification of Exhibit
10.19**	Promissory note executed by New Course Group dated June 10, 2011, in the amount of $3,930.55 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.19 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.29**		Promissory note executed by Litigation Dynamics, Inc. dated April 8, 2011, in the amount of $75,000.00 payable to the order of Robert Embry, filed as Exhibit 10.29 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.20**	Promissory note executed by New Course Group dated June 3, 2011, in the amount of $5,711.38 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.20 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.30**		Promissory note executed by Litigation Dynamics, Inc. dated April 8, 2011, in the amount of $75,000.00 payable to the order of 2005 Braden Interest, Ltd., filed as Exhibit 10.30 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.21**	Promissory note executed by Pine Springs Capital, LLC dated May 20, 2011, in the amount of $4,000.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.21 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.31**		Promissory note executed by Litigation Dynamics, Inc. dated March 21, 2011, in the amount of $45,000.00 payable to the order of Charles Jud, filed as Exhibit 10.31 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.22**	Promissory note executed by New Course Group dated June 29, 2011, in the amount of $3,220.51 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.22 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.32**		Separation Agreement by and between VR Holdings, Inc., Litigation Dynamics, Inc., J. Michael Moore, Zane Russell, CapNet Securities Corporation, John E. Baker, Deohge Corp., Pamela Lapides, The Cancer Foundation, Inc., John Foster Woods, and Barry L. Dahne, dated September 24, 2012, filed as Exhibit 10.1 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.23**	Promissory note executed by ProduClear, Inc. dated April 13, 2011, in the amount of $2,500.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.23 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.33**		Assumption Agreement for Litigation Dynamics, Inc. by and between VR Holdings, Inc. and Litigation Dynamics, Inc., dated September 24, 2012, filed as Exhibit 10.2 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.24**	Promissory note executed by Texas Golfer Magazine dated April 1, 2011, in the amount of $3,250.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.24 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.34**		Assumption Agreement for VR Holdings, Inc. by and between VR Holdings, Inc. and Litigation Dynamics, Inc., dated September 24, 2012, filed as Exhibit 10.3 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.25**	Promissory note executed by Trekmore dated April 8, 2011, in the amount of $5,000.00 payable to the order of Litigation Dynamics, Inc., filed as Exhibit 10.25 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.35**		Form of VR Holdings, Inc. Distribution Agreement, filed as Exhibit 10.4 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.26**	Promissory note executed by Litigation Dynamics, Inc. dated May 5, 2011, in the amount of $50,000.00 payable to the order of Robert Embry, filed as Exhibit 10.26 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.36**		Assumption and Novation Agreement is made by and between VR Holdings, Inc., Litigation Dynamics, Inc., and Structured Financial Service, LLC, dated September 24, 2012, filed as Exhibit 10.5 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.27**	Promissory note executed by Litigation Dynamics, Inc. dated April 25, 2011, in the amount of $50,000.00 payable to the order of Michael Jud, filed as Exhibit 10.27 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.37**		Non-Exclusive Software Reseller Agreement by and between Innovative Litigation Services. LLC and Litigation Dynamics, Inc., filed as Exhibit 10.6 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.28**	Promissory note executed by Litigation Dynamics, Inc. dated April 19, 2011, in the amount of $5,000.00 payable to the order of Michael Jud, filed as Exhibit 10.28 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.38**		VR Holdings, Inc. promissory note payable to the order of Structured Financial Service, LLC in the amount of $50,000, dated May 23, 2012, filed as Exhibit 10.7 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.29**	Promissory note executed by Litigation Dynamics, Inc. dated April 8, 2011, in the amount of $75,000.00 payable to the order of Robert Embry, filed as Exhibit 10.29 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.39**		Warrant dated August 30, 2010, for 1,000,000 shares issued to Stephen H. Marcus, Esq., filed as Exhibit 10.13 to the registrant’s registration statement on October 25, 2010, Commission File Number 333-166884.
10.30**	Promissory note executed by Litigation Dynamics, Inc. dated April 8, 2011, in the amount of $75,000.00 payable to the order of 2005 Braden Interest, Ltd., filed as Exhibit 10.30 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
10.40**		Consulting Agreement by and between VR Holdings, Inc. and Schneider Mitigation Group, dated August 15, 2013, but effective as of August 1, 2013, filed as Exhibit 10.1 to the registrant’s Report on Form 8-K on August 16, 2013, Commission File Number 333-166884.
10.31**	Promissory note executed by Litigation Dynamics, Inc. dated March 21, 2011, in the amount of $45,000.00 payable to the order of Charles Jud, filed as Exhibit 10.31 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.
31.1*		Certification of John E. Baker, Chief Executive Officer of VR Holdings, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
10.32**	Separation Agreement by and between VR Holdings, Inc., Litigation Dynamics, Inc., J. Michael Moore, Zane Russell, CapNet Securities Corporation, John E. Baker, Deohge Corp., Pamela Lapides, The Cancer Foundation, Inc., John Foster Woods, and Barry L. Dahne, dated September 24, 2012, filed as Exhibit 10.1 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
31.2*		Certification of John E. Baker, Chief Financial Officer and Principal Accounting Officer of VR Holdings, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
10.33**	Assumption Agreement for Litigation Dynamics, Inc. by and between VR Holdings, Inc. and Litigation Dynamics, Inc., dated September 24, 2012, filed as Exhibit 10.2 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
32.1*		Certification of John E. Baker, Chief Executive Officer of VR Holdings, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
10.34**	Assumption Agreement for VR Holdings, Inc. by and between VR Holdings, Inc. and Litigation Dynamics, Inc., dated September 24, 2012, filed as Exhibit 10.3 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
32.2*		Certification of John E. Baker, Chief Financial Officer and Principal Accounting Officer of VR Holdings, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
10.35**	Form of VR Holdings, Inc. Distribution Agreement, filed as Exhibit 10.4 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
99.1**		Audited Financial Statements of Litigation Dynamics, Inc., a Texas corporation, and Pro forma financial information, filed as Exhibit 99.1 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.

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10.36**	Assumption and Novation Agreement is made by and between VR Holdings, Inc., Litigation Dynamics, Inc., and Structured Financial Service, LLC, dated September 24, 2012, filed as Exhibit 10.5 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.37**	Non-Exclusive Software Reseller Agreement by and between Innovative Litigation Services. LLC and Litigation Dynamics, Inc., filed as Exhibit 10.6 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.38**	VR Holdings, Inc. promissory note payable to the order of Structured Financial Service, LLC in the amount of $50,000, dated May 23, 2012, filed as Exhibit 10.7 to the registrant’s Report on Form 8-K on September 26, 2012, Commission File Number 333-166884.
10.39**	Warrant dated August 30, 2010, for 1,000,000 shares issued to Stephen H. Marcus, Esq., filed as Exhibit 10.13 to the registrant’s registration statement on October 25, 2010, Commission File Number 333-166884.
10.40**	Consulting Agreement by and between VR Holdings, Inc. and Schneider Mitigation Group, dated August 15, 2013, but effective as of August 1, 2013, filed as Exhibit 10.1 to the registrant’s Report on Form 8-K on August 16, 2013, Commission File Number 333-166884.
10.41**	Letter of Intent was executed by VR Holdings, Inc., a Delaware corporation (“VR Holdings”) and China MPP Ventures, LLC, a Maryland limited liability company (“CMPP”) dated January 5, 2013, filed as Exhibit 10.1 to the registrant’s Report on Form 8-K on January 8, 2014, Commission File Number 333-166884.
10.42**	Letter of resignation as a director by Harry J, Conn, dated January 6, 2014, filed as Exhibit 10.2 to the registrant’s Report on Form 8-K on January 8, 2014, Commission File Number 333-166884.
10.43**	Letter of resignation as a director and officer by John E. Baker, dated January 9, 2014, filed as Exhibit 10.1 to the registrant’s Report on Form 8-K on January 12, 2014, Commission File Number 333-166884.
31.1*	Certification of Matthew A. Lapides, Chief Executive Officer of VR Holdings, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
31.2*	Certification of Matthew A. Lapides, Chief Financial Officer and Principal Accounting Officer of VR Holdings, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
32.1*	Certification of Matthew A. Lapides, Chief Executive Officer of VR Holdings, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
32.2*	Certification of Matthew A. Lapides, Chief Financial Officer and Principal Accounting Officer of VR Holdings, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
99.1**	Audited Financial Statements of Litigation Dynamics, Inc., a Texas corporation, and Pro forma financial information, filed as Exhibit 99.1 to the registrant’s Report on Form 8-K/A on March 7, 2012, Commission File Number 333-166884.

____________

* Filed herewith.

** Previously filed.

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SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

VR HOLDINGS, INC.

Date: ~~August~~September 1916, ~~2013~~2014.

By /s/ ~~John~~Matthew EA. ~~Baker~~Lapides

~~John~~Matthew EA. ~~Baker~~Lapides, Chief Executive Officer

By /s/ ~~John~~Matthew EA. ~~Baker~~Lapides

~~John~~Matthew EA. ~~Baker~~Lapides, Chief Financial ~~Officer~~ Officer and

Principal Accounting Officer

~~Pursuant~~Table ~~to the requirements~~ of ~~the Securities~~Contents ~~Exchange Act of 1934, as amended, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.~~-26-

Signature	Title	Date
/s/ John E. Baker	Chief Executive Officer and Director	August 19, 2013
/s/ John E. Baker	Chief Financial Officer, Principal Accounting Officer, and Director	August 19, 2013

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Filing Compare · VR Holdings, Inc.