10-Q Filing

WORLD HEALTH ENERGY HOLDINGS, INC. CIK: 943535 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-020111`
Period End Date	20210630
Filing Date	20210816
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 19

Balance Sheet 65 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$359.95K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.26K	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`	$20.04K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.09K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$42.18K	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`	$58.76K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00B	shares	Point-in-time
T o t a l Current assets	`AssetsCurrent`	$124.06K	USD	Point-in-time
T o t a l Current assets	`AssetsCurrent`	$407.21K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00B	shares	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$223.58K	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`	$24.54K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	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
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$26.05K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$29.11K	USD	Point-in-time
T o t a l assets	`Assets`	$458.15K	USD	Point-in-time
T o t a l assets	`Assets`	$401.29K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.71K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.28K	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityCurrent`	$41.53K	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Other accounts liabilities	`OtherAccruedLiabilitiesCurrent`	$493.37K	USD	Point-in-time
Other accounts liabilities	`OtherAccruedLiabilitiesCurrent`	$496.87K	USD	Point-in-time
T o t a l current liabilities	`LiabilitiesCurrent`	$523.16K	USD	Point-in-time
T o t a l current liabilities	`LiabilitiesCurrent`	$557.61K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$104.85K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$131.15K	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$1.98M	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`	$187.62K	USD	Point-in-time
T o t a l liabilities	`Liabilities`	$2.44M	USD	Point-in-time
T o t a l liabilities	`Liabilities`	$2.86M	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 June 30, 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 June 30, 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`	$-1.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.97M	USD	Point-in-time
T o t a l stockholders deficit	`StockholdersEquity`	$-2.25M	USD	Point-in-time
T o t a l stockholders deficit	`StockholdersEquity`	$-629.31K	USD	Point-in-time
T o t a l stockholders deficit	`StockholdersEquity`	$-1.33M	USD	Point-in-time
T o t a l stockholders deficit	`StockholdersEquity`	$-2.46M	USD	Point-in-time
T o t a l stockholders deficit	`StockholdersEquity`	$-1.98M	USD	Point-in-time
T o t a l stockholders deficit	`StockholdersEquity`	$-792.36K	USD	Point-in-time
T o t a l liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$458.15K	USD	Point-in-time
T o t a l liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$401.29K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$81.45K	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$48.80K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$24.59K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$28.11K	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$253.86K	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$81.09K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$47.41K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$147.35K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$118.06K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$269.65K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$145.17K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$60.65K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-83.47K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-237.31K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-177.46K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-442.06K	USD	2 Qtrs
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$9.23K	USD	2 Qtrs
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$-29.43K	USD	1 Quarter
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$21.75K	USD	1 Quarter
Financing income (expense), net	`OtherNonoperatingIncomeExpense`	$-30.92K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-163.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-228.07K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-266.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-472.98K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-206.89K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-61.72K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-472.98K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-206.89K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-228.07K	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	2 Qtrs
Loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 48 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`	$-228.07K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-266.09K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-472.98K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-206.89K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-61.72K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.78K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$19.80K	USD	2 Qtrs
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$12.22K	USD	2 Qtrs
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$26.30K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.95K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.32K	USD	2 Qtrs
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$14.53K	USD	2 Qtrs
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$11.02K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.64K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.57K	USD	2 Qtrs
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$11.00K	USD	2 Qtrs
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$13.69K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-439.75K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-203.26K	USD	2 Qtrs
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$5.23K	USD	2 Qtrs
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$234.73K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.51K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.64K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.74K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-244.37K	USD	2 Qtrs
Short term bank credit	`ProceedsFromBankDebt`	-	USD	2 Qtrs
Short term bank credit	`ProceedsFromBankDebt`	$2.16K	USD	2 Qtrs
Payments of lease liability	`FinanceLeasePrincipalPayments`	$30.94K	USD	2 Qtrs
Payments of lease liability	`FinanceLeasePrincipalPayments`	$14.28K	USD	2 Qtrs
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	$167.74K	USD	2 Qtrs
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	$101.03K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$88.91K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$136.79K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-314.69K	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`	$359.95K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.26K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$750.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$359.46K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$359.95K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$45.26K	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`	$359.46K	USD	Point-in-time
Initial recognition of operating lease right-of-use assets	`InitialRecognitionOfOperatingLeaseRightofuseAssets`	-	USD	2 Qtrs
Initial recognition of operating lease right-of-use assets	`InitialRecognitionOfOperatingLeaseRightofuseAssets`	$242.91K	USD	2 Qtrs
Initial recognition of operating lease liability	`InitialRecognitionOfOperatingLeaseLiability`	-	USD	2 Qtrs
Initial recognition of operating lease liability	`InitialRecognitionOfOperatingLeaseLiability`	$-242.91K	USD	2 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.46M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-792.36K	USD	Point-in-time
Comprehensive loss for three months ended June 30, 2021	`NetIncomeLoss`	$-163.05K	USD	1 Quarter
Comprehensive loss for three months ended June 30, 2021	`NetIncomeLoss`	$-228.07K	USD	2 Qtrs
Comprehensive loss for three months ended June 30, 2021	`NetIncomeLoss`	$-266.09K	USD	1 Quarter
Comprehensive loss for three months ended June 30, 2021	`NetIncomeLoss`	$-472.98K	USD	2 Qtrs
Comprehensive loss for three months ended June 30, 2021	`NetIncomeLoss`	$-206.89K	USD	1 Quarter
Comprehensive loss for three months ended June 30, 2021	`NetIncomeLoss`	$-61.72K	USD	1 Quarter
Effect of Reverse Capitalization	`EffectOfReverseCapitalizationValue`	$-480.46K	USD	1 Quarter
Balance, value	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-2.46M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-792.36K	USD	Point-in-time

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