10-Q Filing

WORLD HEALTH ENERGY HOLDINGS, INC. CIK: 943535 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-022262`
Period End Date	20200930
Filing Date	20201123
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	when-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 36 Cash Flow Statement 42 Stockholders Equity 17

Balance Sheet 59 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`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.15K	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.43K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.45K	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`	$313.22K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$213.01K	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$578.92K	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$419.80K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00B	shares	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
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$24.03K	USD	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$6.28K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$15.77K	USD	Point-in-time
Total assets	`Assets`	$441.85K	USD	Point-in-time
Total assets	`Assets`	$620.18K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.37K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.69K	USD	Point-in-time
Other accounts liabilities	`OtherAccruedLiabilitiesCurrent`	$421.92K	USD	Point-in-time
Other accounts liabilities	`OtherAccruedLiabilitiesCurrent`	$73.48K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.85K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$458.61K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$41.85K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$77.66K	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$1.51M	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$1.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.25M	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, value	`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 September 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 September 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`	$-5.50K	USD	Point-in-time
Foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-5.71K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-623.84K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.12M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-611.88K	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`	$441.85K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$52.91K	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$66.27K	USD	3 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$24.80K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$12.78K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$73.06K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$328.53K	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$181.18K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$174.27K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$227.53K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$109.47K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$196.62K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$132.60K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-192.89K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-503.15K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-265.84K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-304.62K	USD	3 Qtrs
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$-73.50K	USD	1 Quarter
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$6.92K	USD	3 Qtrs
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$-83.94K	USD	3 Qtrs
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.31K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-496.22K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-266.39K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-268.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-388.56K	USD	3 Qtrs
Other comprehensive loss - Foreign currency loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-19.52K	USD	3 Qtrs
Other comprehensive loss - Foreign currency loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.52K	USD	1 Quarter
Other comprehensive loss - Foreign currency loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-218.00	USD	3 Qtrs
Other comprehensive loss - Foreign currency loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-8.71K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-275.10K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-408.08K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-496.44K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-271.67K	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-496.22K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-266.39K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-268.15K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-388.56K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$29.56K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$29.77K	USD	3 Qtrs
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$18.45K	USD	3 Qtrs
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$34.95K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.07K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.96K	USD	3 Qtrs
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$14.59K	USD	3 Qtrs
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$15.03K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.18K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.82K	USD	3 Qtrs
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$25.34K	USD	3 Qtrs
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$47.35K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-306.90K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-399.95K	USD	3 Qtrs
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$149.18K	USD	3 Qtrs
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$242.09K	USD	3 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$676.00	USD	3 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.22K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-149.85K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-251.31K	USD	3 Qtrs
Payments of lease liability	`FinanceLeasePrincipalPayments`	$21.47K	USD	3 Qtrs
Payments of lease liability	`FinanceLeasePrincipalPayments`	$13.88K	USD	3 Qtrs
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	$408.99K	USD	3 Qtrs
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	$673.13K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$387.51K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$659.25K	USD	3 Qtrs
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.57K	USD	3 Qtrs
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.77K	USD	3 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$200.72K	USD	3 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-265.31K	USD	3 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$359.46K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$94.15K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$223.87K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING 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`	$94.15K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$223.87K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$23.15K	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$-611.88K	USD	Point-in-time
Balance	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Balance	`StockholdersEquity`	$-203.80K	USD	Point-in-time
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-19.52K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-3.52K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-218.00	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-8.71K	USD	1 Quarter
Effect of Reverse Capitalization	`EffectOfReverseCapitalizationValue`	$-480.46K	USD	3 Qtrs
Comprehensive loss	`NetIncomeLoss`	$-496.22K	USD	3 Qtrs
Comprehensive loss	`NetIncomeLoss`	$-266.39K	USD	1 Quarter
Comprehensive loss	`NetIncomeLoss`	$-268.15K	USD	1 Quarter
Comprehensive loss	`NetIncomeLoss`	$-388.56K	USD	3 Qtrs
Balance	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Balance	`StockholdersEquity`	$-611.88K	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.