10-Q Filing

WORLD HEALTH ENERGY HOLDINGS, INC. CIK: 943535 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-016810`
Period End Date	20200630
Filing Date	20200827
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	when-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 36 Cash Flow Statement 44 Stockholders Equity 17

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$359.46K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$750.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$18.75K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.45K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$213.01K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$306.15K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00B	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$325.65K	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$578.92K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	89.79B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$24.03K	USD	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$12.29K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	89.79B	shares	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$17.23K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$18.57K	USD	Point-in-time
Total assets	`Assets`	$620.18K	USD	Point-in-time
Total assets	`Assets`	$356.51K	USD	Point-in-time
Short term bank credit	`BankOverdrafts`	-	USD	Point-in-time
Short term bank credit	`BankOverdrafts`	$2.16K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.37K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.92K	USD	Point-in-time
Other accounts liabilities	`OtherAccruedLiabilitiesCurrent`	$73.48K	USD	Point-in-time
Other accounts liabilities	`OtherAccruedLiabilitiesCurrent`	$391.19K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.85K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$433.27K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$41.85K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$53.95K	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$1.10M	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$1.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.25M	USD	Point-in-time
Preferred stock, par $0.0007, 10,000,000 shares authorized, 5,000,000 shares issued and outstanding as of June 30, 2020 and December 31, 2019.	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par $0.0007, 10,000,000 shares authorized, 5,000,000 shares issued and outstanding as of June 30, 2020 and December 31, 2019.	`PreferredStockValue`	$3.50K	USD	Point-in-time
Common stock, par $0.0007, 110,000,000,000 shares authorized, 89,789,407,996 and 0 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively.	`CommonStockValue`	-	USD	Point-in-time
Common stock, par $0.0007, 110,000,000,000 shares authorized, 89,789,407,996 and 0 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively.	`CommonStockValue`	$62.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-2.68K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-63.34M	USD	Point-in-time
Foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-2.19K	USD	Point-in-time
Foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-5.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-623.84K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-851.92K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-336.78K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-203.80K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$620.18K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$356.51K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$28.11K	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$53.49K	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$26.92K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$24.59K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$101.21K	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$47.41K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$147.35K	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$56.69K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$118.06K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$64.01K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$60.65K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$40.39K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-111.73K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-83.47K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-70.17K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-237.31K	USD	2 Qtrs
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$9.23K	USD	2 Qtrs
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$-10.44K	USD	2 Qtrs
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$8.05K	USD	1 Quarter
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$24.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-122.17K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-228.07K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-59.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-62.12K	USD	1 Quarter
Other comprehensive loss - Foreign currency gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-10.81K	USD	2 Qtrs
Other comprehensive loss - Foreign currency gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.59K	USD	1 Quarter
Other comprehensive loss - Foreign currency gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.31K	USD	2 Qtrs
Other comprehensive loss - Foreign currency gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.92K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-132.98K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-67.05K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-224.77K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-61.72K	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-122.17K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-228.07K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-59.13K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-62.12K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.80K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$19.25K	USD	2 Qtrs
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.13K	USD	2 Qtrs
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$12.22K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.43K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.32K	USD	2 Qtrs
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.68K	USD	2 Qtrs
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$14.53K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.27K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.64K	USD	2 Qtrs
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.13K	USD	2 Qtrs
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.96K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-204.29K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-61.28K	USD	2 Qtrs
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$234.73K	USD	2 Qtrs
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$103.75K	USD	2 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.41K	USD	2 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.64K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-244.37K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-106.16K	USD	2 Qtrs
Short term bank credit	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	2 Qtrs
Short term bank credit	`ProceedsFromRepaymentsOfBankOverdrafts`	$2.16K	USD	2 Qtrs
Payments of lease liability	`FinanceLeasePrincipalPayments`	$14.28K	USD	2 Qtrs
Payments of lease liability	`FinanceLeasePrincipalPayments`	$13.88K	USD	2 Qtrs
Loan received from related party	`ProceedsFromRelatedPartyDebt`	$101.03K	USD	2 Qtrs
Loan received from related party	`ProceedsFromRelatedPartyDebt`	$193.86K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$88.91K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$179.97K	USD	2 Qtrs
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.04K	USD	2 Qtrs
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.18K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.36K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-358.71K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$750.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.15K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$359.46K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.51K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$750.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.15K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$359.46K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$34.51K	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Balance	`StockholdersEquity`	$-336.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Balance	`StockholdersEquity`	$-203.80K	USD	Point-in-time
Effect of Reverse Capitalization	`EffectOfReverseCapitalizationValue`	$-480.46K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-10.81K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.59K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.31K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.92K	USD	1 Quarter
Comprehensive loss	`NetIncomeLoss`	$-122.17K	USD	2 Qtrs
Comprehensive loss	`NetIncomeLoss`	$-228.07K	USD	2 Qtrs
Comprehensive loss	`NetIncomeLoss`	$-59.13K	USD	1 Quarter
Comprehensive loss	`NetIncomeLoss`	$-62.12K	USD	1 Quarter
Balance	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Balance	`StockholdersEquity`	$-336.78K	USD	Point-in-time
Balance	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Balance	`StockholdersEquity`	$-203.80K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.