10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001493152-22-009921`
Period End Date	20211231
Filing Date	20220414
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 16 Cash Flow Statement 53 Stockholders Equity 15

Balance Sheet 67 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 outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.02K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$359.95K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.09K	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.02K	USD	Point-in-time
Prepaid share based payment to service providers	`PrepaidShareBasedPaymentToServiceProviders`	$1.19M	USD	Point-in-time
Prepaid share based payment to service providers	`PrepaidShareBasedPaymentToServiceProviders`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	110.00B	shares	Point-in-time
Other current assets (Note 3)	`OtherAssetsCurrent`	$42.18K	USD	Point-in-time
Other current assets (Note 3)	`OtherAssetsCurrent`	$67.84K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	750.00B	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	89.79B	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$1.31M	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$407.21K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	488.50B	shares	Point-in-time
Right Of Use asset arising from operating lease (Note 6)	`OperatingLeaseRightOfUseAsset`	$201.52K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	488.50B	shares	Point-in-time
Right Of Use asset arising from operating lease (Note 6)	`OperatingLeaseRightOfUseAsset`	-	USD	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
Long term prepaid expenses	`PrepaidExpenseNoncurrent`	$25.72K	USD	Point-in-time
Property and Equipment, Net (Note 4)	`PropertyPlantAndEquipmentNet`	$26.05K	USD	Point-in-time
Property and Equipment, Net (Note 4)	`PropertyPlantAndEquipmentNet`	$27.78K	USD	Point-in-time
Funds in respect of employee rights upon termination	`FundsInRespectOfEmployeeRightsUponTermination`	$21.18K	USD	Point-in-time
Funds in respect of employee rights upon termination	`FundsInRespectOfEmployeeRightsUponTermination`	-	USD	Point-in-time
Total assets	`Assets`	$458.15K	USD	Point-in-time
Total assets	`Assets`	$1.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.06K	USD	Point-in-time
Right Of Use liabilities arising from operating lease (Note 6)	`OperatingLeaseLiabilityCurrent`	$45.76K	USD	Point-in-time
Right Of Use liabilities arising from operating lease (Note 6)	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Other account liabilities (Note 5)	`OtherAccruedLiabilitiesCurrent`	$638.39K	USD	Point-in-time
Other account liabilities (Note 5)	`OtherAccruedLiabilitiesCurrent`	$496.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$764.20K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$523.16K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$157.86K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$104.85K	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$1.81M	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$2.01M	USD	Point-in-time
Right Of Use liabilities arising from operating lease (Note 6)	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Right Of Use liabilities arising from operating lease (Note 6)	`OperatingLeaseLiabilityNoncurrent`	$173.23K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.11M	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 $0.00001, 750,000,000,000 and 110,000,000,000 shares authorized at December 31, 2021 and December 31, 2020, respectively. 488,499,407,996 and 89,789,407,996 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$66.84M	USD	Point-in-time
Common stock, par $0.00001, 750,000,000,000 and 110,000,000,000 shares authorized at December 31, 2021 and December 31, 2020, respectively. 488,499,407,996 and 89,789,407,996 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively.	`CommonStockValue`	$62.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-63.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-62.26M	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`	$-6.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.50M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.59M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$458.15K	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$140.18K	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$98.16K	USD	Annual
Research and development expenses (Note 10)	`ResearchAndDevelopmentExpense`	$497.12K	USD	Annual
Research and development expenses (Note 10)	`ResearchAndDevelopmentExpense`	$489.21K	USD	Annual
General and administrative expenses (Note 11)	`GeneralAndAdministrativeExpense`	$682.86K	USD	Annual
General and administrative expenses (Note 11)	`GeneralAndAdministrativeExpense`	$523.66K	USD	Annual
Share base compensation expenses (Notes 8, 9)	`ShareBasedCompensation`	-	USD	Annual
Share base compensation expenses (Notes 8, 9)	`ShareBasedCompensation`	$3.49M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-914.71K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-4.53M	USD	Annual
Financing income (expenses), net	`OtherNonoperatingIncomeExpense`	$-71.18K	USD	Annual
Financing income (expenses), net	`OtherNonoperatingIncomeExpense`	$41.92K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.60M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-872.79K	USD	Annual
Loss per common stock (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Loss per common stock (basic and diluted)	`EarningsPerShareBasicAndDiluted`	-	USD	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-4.60M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-872.79K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$58.05K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$39.44K	USD	Annual
Share based payment to a service providers (Note 9)	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Share based payment to a service providers (Note 9)	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$3.49M	USD	Annual
Interest on lease liability	`InterestOfLeaseLiability`	-	USD	Annual
Interest on lease liability	`InterestOfLeaseLiability`	$29.76K	USD	Annual
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$63.00K	USD	Annual
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$53.01K	USD	Annual
Increase (decrease) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.36K	USD	Annual
Increase (decrease) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.94K	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$5.97K	USD	Annual
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$19.32K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.08K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$53.77K	USD	Annual
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$141.51K	USD	Annual
Increase in other accounts liabilities	`IncreaseDecreaseInAccruedLiabilities`	$130.48K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-649.56K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-799.13K	USD	Annual
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$232.18K	USD	Annual
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$7.19K	USD	Annual
Increase in asset for employee rights upon retirement	`IncreaseInAssetForEmployeeRightsUponRetirement`	-	USD	Annual
Increase in asset for employee rights upon retirement	`IncreaseInAssetForEmployeeRightsUponRetirement`	$21.18K	USD	Annual
Increase in other long term prepaid expenses	`IncreaseInOtherLongTermPrepaidExpenses`	$24.88K	USD	Annual
Increase in other long term prepaid expenses	`IncreaseInOtherLongTermPrepaidExpenses`	-	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.93K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.23K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-281.29K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.30K	USD	Annual
Payments of lease liability	`FinanceLeasePrincipalPayments`	$63.13K	USD	Annual
Payments of lease liability	`FinanceLeasePrincipalPayments`	$29.17K	USD	Annual
Proceeds from stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$386.00K	USD	1 Quarter
Proceeds from stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$386.00K	USD	Annual
Proceeds from stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$960.51K	USD	Annual
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	$199.63K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$931.34K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$522.50K	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$488.00	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-313.93K	USD	Annual
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$46.02K	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`	$359.95K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$46.02K	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`	$359.95K	USD	Point-in-time
Debt set off	`NotesAssumed1`	-	USD	Annual
Debt set off	`NotesAssumed1`	$250.61K	USD	Annual
Initial recognition of operating lease right-of-use	`InitialRecognitionOfOperatingLeaseRightofuseAssets`	$242.91K	USD	Annual
Initial recognition of operating lease right-of-use	`InitialRecognitionOfOperatingLeaseRightofuseAssets`	-	USD	Annual
Prepaid expenses for service providers in Companys shares	`PrepaidExpensesForServiceProviders`	$1.19M	USD	Annual
Prepaid expenses for service providers in Companys shares	`PrepaidExpensesForServiceProviders`	-	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-629.31K	USD	Point-in-time
Effect of Reverse Capitalization (Note 1 B)	`EffectOfReverseCapitalizationValue`	$-480.46K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-4.60M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-872.79K	USD	Annual
Issuance of shares (Note 8)	`StockIssuedDuringPeriodValueNewIssues`	$386.00K	USD	Annual
Issuance of shares in exchange for services (Note 8)	`StockIssuedDuringPeriodValueIssuedForServices`	$1.69M	USD	Annual
Issuance of shares in exchange for services (Note 8)	`StockIssuedDuringPeriodValueIssuedForServices`	$150.00K	USD	Point-in-time
Share based compensation for services providers (Note 9)	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$2.08M	USD	Annual
Conversion preferred stock to common stock (Note 8)	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Issuance of shares in respect of purchase of investee (Note 8)	`IssuanceOfSharesInRespectOfPurchaseOfInvesteeValue`	$900.00K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-629.31K	USD	Point-in-time

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