10-Q Filing

WORLD HEALTH ENERGY HOLDINGS, INC. CIK: 943535 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-023680`
Period End Date	20220630
Filing Date	20220822
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 38 Cash Flow Statement 58 Stockholders Equity 23

Balance Sheet 72 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`	$407.98K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.02K	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`	$10.02K	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
Payments on account of investment	`PaymentsOnAccountOfInvestment`	$900.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Payments on account of investment	`PaymentsOnAccountOfInvestment`	$900.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$175.96K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$356.13K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	750.00B	shares	Point-in-time
T o t a l Current assets	`AssetsCurrent`	$1.31M	USD	Point-in-time
T o t a l Current assets	`AssetsCurrent`	$1.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	493.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	488.50B	shares	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$176.33K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	493.00B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	488.50B	shares	Point-in-time
Right Of Use asset arising from operating lease	`OperatingLeaseRightOfUseAsset`	$201.52K	USD	Point-in-time
Long term prepaid expenses	`PrepaidExpenseNoncurrent`	$22.86K	USD	Point-in-time
Long term prepaid expenses	`PrepaidExpenseNoncurrent`	$25.72K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$27.78K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$36.15K	USD	Point-in-time
Funds in respect of employee rights upon termination	`FundsInRespectOfEmployeeRightsUponTermination`	$20.65K	USD	Point-in-time
Funds in respect of employee rights upon termination	`FundsInRespectOfEmployeeRightsUponTermination`	$21.18K	USD	Point-in-time
T o t a l assets	`Assets`	$1.59M	USD	Point-in-time
T o t a l assets	`Assets`	$1.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.06K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$92.50K	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`	$42.73K	USD	Point-in-time
Other account liabilities	`OtherAccruedLiabilitiesCurrent`	$588.27K	USD	Point-in-time
Other account liabilities	`OtherAccruedLiabilitiesCurrent`	$638.39K	USD	Point-in-time
T o t a l current liabilities	`LiabilitiesCurrent`	$723.50K	USD	Point-in-time
T o t a l 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`	$152.66K	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`	$132.03K	USD	Point-in-time
Right Of Use liabilities arising from operating lease	`OperatingLeaseLiabilityNoncurrent`	$173.23K	USD	Point-in-time
T o t a l liabilities	`Liabilities`	$3.02M	USD	Point-in-time
T o t a l 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 shares authorized at June 30, 2022 and December 31, 2021. 493,002,741,330 and 488,499,407,996 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$66.88M	USD	Point-in-time
Common stock, par $0.00001, 750,000,000,000 shares authorized at June 30, 2022 and December 31, 2021. 493,002,741,330 and 488,499,407,996 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively.	`CommonStockValue`	$66.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-57.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-62.26M	USD	Point-in-time
Proceeds on account of shares	`ProceedsOnAccountOfShares`	$250.00K	USD	Point-in-time
Proceeds on account of shares	`ProceedsOnAccountOfShares`	-	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`	$-10.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.09M	USD	Point-in-time
T o t a l stockholders deficit	`StockholdersEquity`	$-1.27M	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`	$-2.46M	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`	$1.75M	USD	Point-in-time
T o t a l liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.59M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$43.75K	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$81.45K	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.21K	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$48.80K	USD	1 Quarter
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`	$243.02K	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$119.52K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$270.34K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$145.17K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$147.70K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$269.65K	USD	2 Qtrs
Share based compensation expenses	`ShareBasedCompensation`	-	USD	1 Quarter
Share based compensation expenses	`ShareBasedCompensation`	-	USD	2 Qtrs
Share based compensation expenses	`ShareBasedCompensation`	$3.95M	USD	2 Qtrs
Share based compensation expenses	`ShareBasedCompensation`	$2.52M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-177.46K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.41M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-442.06K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.77M	USD	1 Quarter
Financing income (expenses), net	`OtherNonoperatingIncomeExpense`	$36.63K	USD	2 Qtrs
Financing income (expenses), net	`OtherNonoperatingIncomeExpense`	$33.34K	USD	1 Quarter
Financing income (expenses), net	`OtherNonoperatingIncomeExpense`	$-30.92K	USD	2 Qtrs
Financing income (expenses), net	`OtherNonoperatingIncomeExpense`	$-29.43K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-472.98K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.74M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-206.89K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.38M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-206.89K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.74M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.64M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.38M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-266.09K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-472.98K	USD	2 Qtrs
Loss per share (basic and diluted)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Loss per share (basic and diluted)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Loss per share (basic and diluted)	`EarningsPerShareBasic`	-	USD	1 Quarter
Loss per share (basic and diluted)	`EarningsPerShareBasic`	-	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-472.98K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.74M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-206.89K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-4.38M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.93K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.46K	USD	2 Qtrs
Increase (decrease) in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.20K	USD	2 Qtrs
Increase (decrease) in liability for employee rights upon retirement	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$26.30K	USD	2 Qtrs
Share based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Share based compensation	`ShareBasedCompensation`	$3.95M	USD	2 Qtrs
Share based compensation	`ShareBasedCompensation`	$2.52M	USD	1 Quarter
Interest on lease liability	`InterestOnLeaseLiability`	$-19.03K	USD	2 Qtrs
Interest on lease liability	`InterestOnLeaseLiability`	$-11.61K	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.41K	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.95K	USD	2 Qtrs
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$11.02K	USD	2 Qtrs
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-8.67K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.44K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.57K	USD	2 Qtrs
Increase (decrease) in other accounts liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-50.12K	USD	2 Qtrs
Increase (decrease) in other accounts liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$13.69K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-483.70K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-470.69K	USD	2 Qtrs
Loans received from (granted to) related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-5.23K	USD	2 Qtrs
Loans received from (granted to) related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$7.19K	USD	2 Qtrs
Proceeds from related parties	`ProceedsFromRepaymentsOfRelatedParties`	$6.51K	USD	2 Qtrs
Proceeds from related parties	`ProceedsFromRepaymentsOfRelatedParties`	-	USD	2 Qtrs
Loan to investee company	`PaymentsForLoanToInvesteeCompany`	-	USD	2 Qtrs
Loan to investee company	`PaymentsForLoanToInvesteeCompany`	$10.00K	USD	2 Qtrs
Increase in asset for employee rights upon retirement	`IncreaseInAssetForEmployeeRightsUponRetirement`	-	USD	2 Qtrs
Increase in asset for employee rights upon retirement	`IncreaseInAssetForEmployeeRightsUponRetirement`	$-530.00	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.31K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.74K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.59K	USD	2 Qtrs
Proceeds from stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	$611.25K	USD	2 Qtrs
Proceeds from stock issued for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Payments on account of shares	`ProceedsFromOtherEquity`	$250.00K	USD	2 Qtrs
Payments on account of shares	`ProceedsFromOtherEquity`	-	USD	2 Qtrs
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	$167.74K	USD	2 Qtrs
Loan received from parent company	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$861.25K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$167.74K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$361.96K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-314.69K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$46.02K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$407.98K	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`	$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`	$407.98K	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`	$359.95K	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 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.27M	USD	Point-in-time
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`	$-2.46M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.27M	USD	Point-in-time
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$284.00K	USD	1 Quarter
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$287.25K	USD	1 Quarter
Share based payment to employees and service providers	`StockIssuedDuringPeriodValueIssuedForServices`	$2.46M	USD	1 Quarter
Share based payment to employees and service providers	`StockIssuedDuringPeriodValueIssuedForServices`	$1.31M	USD	1 Quarter
Proceeds on account of shares	`StockIssuedDuringPeriodValueOther`	$290.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-206.89K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.74M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.64M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.38M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-266.09K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-472.98K	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-1.27M	USD	Point-in-time
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`	$-2.46M	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.