10-Q Filing

WORLD HEALTH ENERGY HOLDINGS, INC. CIK: 943535 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-011863`
Period End Date	20210331
Filing Date	20210517
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	when-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 16 Cash Flow Statement 44 Stockholders Equity 10

Balance Sheet 64 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$141.87K	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`	$359.95K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$13.36K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.09K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$47.20K	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`	$42.18K	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$407.21K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00B	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$202.43K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00B	shares	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$230.76K	USD	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	89.79B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	89.79B	shares	Point-in-time
Long term prepaid expenses	`PrepaidExpenseNoncurrent`	$24.88K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	89.79B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	89.79B	shares	Point-in-time
Long term prepaid expenses	`PrepaidExpenseNoncurrent`	$24.00K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$26.27K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$26.05K	USD	Point-in-time
Total assets	`Assets`	$458.15K	USD	Point-in-time
Total assets	`Assets`	$483.46K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.86K	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityCurrent`	$39.61K	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Other accounts liabilities	`OtherAccruedLiabilitiesCurrent`	$531.58K	USD	Point-in-time
Other accounts liabilities	`OtherAccruedLiabilitiesCurrent`	$496.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$523.16K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$592.05K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$104.85K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$133.36K	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$1.81M	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$1.81M	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityNoncurrent`	$193.99K	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$2.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.44M	USD	Point-in-time
Preferred stock, value	`PreferredStockValue`	$3.50K	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 shares issued and outstanding at March 31, 2021 and December 31, 2020.	`CommonStockValue`	$62.85M	USD	Point-in-time
Common stock, par $0.0007, 110,000,000,000 shares authorized, 89,789,407,996 shares issued and outstanding at March 31, 2021 and December 31, 2020.	`CommonStockValue`	$62.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-63.34M	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`	$-5.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.50M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-792.36K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$458.15K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$483.46K	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.65K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.52K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$99.95K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$172.77K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$124.48K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$57.41K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-153.84K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-264.61K	USD	1 Quarter
Financing expenses, net	`OtherNonoperatingIncomeExpense`	$-1.48K	USD	1 Quarter
Financing expenses, net	`OtherNonoperatingIncomeExpense`	$-9.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-163.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.09K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-163.05K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-266.09K	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-163.05K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-266.09K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.36K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.60K	USD	1 Quarter
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$2.78K	USD	1 Quarter
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$28.51K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.27K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.74K	USD	1 Quarter
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$12.72K	USD	1 Quarter
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.14K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.98K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.42K	USD	1 Quarter
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$37.18K	USD	1 Quarter
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$31.61K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-204.64K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-124.78K	USD	1 Quarter
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	1 Quarter
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$228.90K	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedParties`	-	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedParties`	$3.52K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.67K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.67K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-236.57K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.85K	USD	1 Quarter
Payments of lease liability	`FinanceLeasePrincipalPayments`	$6.94K	USD	1 Quarter
Payments of lease liability	`FinanceLeasePrincipalPayments`	$15.30K	USD	1 Quarter
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	$91.78K	USD	1 Quarter
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.30K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$84.84K	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-218.08K	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-276.50K	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$141.87K	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`	$82.96K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$359.95K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$141.87K	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`	$82.96K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$359.95K	USD	Point-in-time
Initial recognition of operating lease right-of-use assets	`InitialRecognitionOfOperatingLeaseRightofuseAssets`	-	USD	1 Quarter
Initial recognition of operating lease right-of-use assets	`InitialRecognitionOfOperatingLeaseRightofuseAssets`	$242.91K	USD	1 Quarter
Initial recognition of operating lease liability	`InitialRecognitionOfOperatingLeaseLiability`	-	USD	1 Quarter
Initial recognition of operating lease liability	`InitialRecognitionOfOperatingLeaseLiability`	$-242.91K	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$-792.36K	USD	Point-in-time
Comprehensive loss for the period	`NetIncomeLoss`	$-163.05K	USD	1 Quarter
Comprehensive loss for the period	`NetIncomeLoss`	$-266.09K	USD	1 Quarter
Balance	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$-792.36K	USD	Point-in-time

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