The number of authorized shares is useful information for company management, but has no relevance for investors.
"For example, a company may specify 10 million shares as the authorized number of shares in its incorporation documents. However, it may issue only 10 percent of the authorized amount when it lists on a stock market because the proceeds would be sufficient to fund operations. The accounting records would note the number of authorized shares but use the outstanding share count for calculating shareholders' equity." Source: https://finance.zacks.com/outstanding-stock-vs-authorized-stock-2309.html ;
What matters is the O/S when calculating market cap -- this is the important information for investors. At the current price, .0019, market cap is only $1.6 million. The company just reported revenue of $3.7 million in just 60 days. VTNL is still very undervalued with more news to come, including a share buyback. :