10-Q Filing

WORLD HEALTH ENERGY HOLDINGS, INC. CIK: 943535 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-014088`
Period End Date	20220331
Filing Date	20220517
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 16 Cash Flow Statement 50 Stockholders Equity 13

Balance Sheet 66 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.02K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$385.96K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	5.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.02K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.77K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	5.00M	shares	Point-in-time
Prepaid share based payment to service providers	`PrepaidShareBasedPaymentToServiceProviders`	$1.07M	USD	Point-in-time
Prepaid share based payment to service providers	`PrepaidShareBasedPaymentToServiceProviders`	$1.19M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	750.00B	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$67.84K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$78.10K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	488.50B	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	491.34B	shares	Point-in-time
Total Current assets	`AssetsCurrent`	$1.31M	USD	Point-in-time
Total Current assets	`AssetsCurrent`	$1.55M	USD	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$201.52K	USD	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$188.92K	USD	Point-in-time
Long term prepaid expenses	`PrepaidExpenseNoncurrent`	$25.72K	USD	Point-in-time
Long term prepaid expenses	`PrepaidExpenseNoncurrent`	$25.19K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$27.67K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$27.78K	USD	Point-in-time
Funds in respect of employee rights upon termination	`FundsInRespectOfEmployeeRightsUponTermination`	$22.14K	USD	Point-in-time
Funds in respect of employee rights upon termination	`FundsInRespectOfEmployeeRightsUponTermination`	$21.18K	USD	Point-in-time
Total assets	`Assets`	$1.59M	USD	Point-in-time
Total assets	`Assets`	$1.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.69K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.06K	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityCurrent`	$45.76K	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityCurrent`	$46.91K	USD	Point-in-time
Other account liabilities	`OtherAccruedLiabilitiesCurrent`	$632.00K	USD	Point-in-time
Other account liabilities	`OtherAccruedLiabilitiesCurrent`	$638.39K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$758.60K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$764.20K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$157.86K	USD	Point-in-time
Liability for employee rights upon retirement	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$159.93K	USD	Point-in-time
Long term loan from parent company	`DueToRelatedPartiesNoncurrent`	$2.01M	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	`OperatingLeaseLiabilityNoncurrent`	$156.74K	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityNoncurrent`	$173.23K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.09M	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 shares authorized at March 31, 2022 and December 31, 2021. 491,339,407,996 and 488,499,407,996 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$66.84M	USD	Point-in-time
Common stock, par $0.00001, 750,000,000,000 shares authorized at March 31, 2022 and December 31, 2021. 491,339,407,996 and 488,499,407,996 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$66.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-62.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-60.70M	USD	Point-in-time
Proceeds on account of shares	`ProceedsOnAccountOfShares`	-	USD	Point-in-time
Proceeds on account of shares	`ProceedsOnAccountOfShares`	$290.00K	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`	$-7.73M	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`	$-2.25M	USD	Point-in-time
T o t a l stockholders deficit	`StockholdersEquity`	$-1.52M	USD	Point-in-time
T o t a l stockholders deficit	`StockholdersEquity`	$-1.27M	USD	Point-in-time
T o t a l liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.82M	USD	Point-in-time
T o t a l liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.59M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.54K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$32.65K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$123.51K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$172.77K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.55M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$124.48K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-264.61K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.64M	USD	1 Quarter
Financing income (expenses), net	`OtherNonoperatingIncomeExpense`	$-1.48K	USD	1 Quarter
Financing income (expenses), net	`OtherNonoperatingIncomeExpense`	$3.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-266.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.64M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-266.09K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.64M	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasic`	-	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasic`	-	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-266.09K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.82K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.92K	USD	1 Quarter
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$28.51K	USD	1 Quarter
Increase in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$2.07K	USD	1 Quarter
Share based payment to a service providers	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.43M	USD	1 Quarter
Share based payment to a service providers	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Operating lease ROU asset and liability, net	`OperatingLeaseRouAssetAndLiabilityNet`	$-6.52K	USD	1 Quarter
Operating lease ROU asset and liability, net	`OperatingLeaseRouAssetAndLiabilityNet`	$-2.74K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.75K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.27K	USD	1 Quarter
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$7.99K	USD	1 Quarter
Decrease (increase) in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.14K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.42K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-369.00	USD	1 Quarter
Increase in other accounts liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-6.39K	USD	1 Quarter
Increase in other accounts liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$37.18K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-219.93K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-229.56K	USD	1 Quarter
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	-	USD	1 Quarter
Loans granted to related parties	`PaymentsToFundLongtermLoansToRelatedParties`	$1.73K	USD	1 Quarter
Proceeds from related parties	`ProceedsFromCollectionOfAdvanceToAffiliate`	-	USD	1 Quarter
Proceeds from related parties	`ProceedsFromCollectionOfAdvanceToAffiliate`	$3.52K	USD	1 Quarter
Increase in asset for employee rights upon retirement	`IncreaseInAssetForEmployeeRightsUponRetirement`	-	USD	1 Quarter
Increase in asset for employee rights upon retirement	`IncreaseInAssetForEmployeeRightsUponRetirement`	$958.00	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.67K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.82K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.50K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.85K	USD	1 Quarter
Proceeds from stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$284.00K	USD	1 Quarter
Proceeds from stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds on account of shares	`ProceedsFromOtherEquity`	$290.00K	USD	1 Quarter
Proceeds on account of shares	`ProceedsFromOtherEquity`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$574.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$339.94K	USD	1 Quarter
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-218.08K	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`	$385.96K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$46.02K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$359.95K	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`	$385.96K	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`	$359.95K	USD	Point-in-time
Initial recognition of operating lease right-of-use assets	`InitialRecognitionOfOperatingLeaseRightofuseAssets`	$242.91K	USD	1 Quarter
Initial recognition of operating lease right-of-use assets	`InitialRecognitionOfOperatingLeaseRightofuseAssets`	-	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 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.27M	USD	Point-in-time
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$284.00K	USD	1 Quarter
Share based payment to a service providers	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.31M	USD	1 Quarter
Proceeds on account of shares	`StockIssuedDuringPeriodValueOther`	$290.00K	USD	1 Quarter
Comprehensive loss for three month ended March 31, 2021	`ComprehensiveIncomeNetOfTax`	$-266.09K	USD	1 Quarter
Comprehensive loss for three month ended March 31, 2021	`ComprehensiveIncomeNetOfTax`	$-1.64M	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.27M	USD	Point-in-time

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