WECONNECT TECH INTERNATIONAL, INC. financial statements (2021 and earlier)

Company profile

Business Address 1-01, 1ST FLOOR, AXIS BUSINESS CAMPUS
PETALING JAYA, SELANGOR, 46100
State of Incorp. NV
Fiscal Year End July 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
7/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31421686
Cash and cash equivalents31421686
Receivables4191     
Inventory, net of allowances, customer advances and progress billings 3    
Inventory 3     
Prepaid expense00533  
Other undisclosed current assets25695     
Total current assets:7080473886
Noncurrent Assets
Property, plant and equipment89119     
Total noncurrent assets:89119     
TOTAL ASSETS:15992373886
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities914011111
Accounts payable76200000
Accrued liabilities153811011
Debt184213     
Due to related parties1,072323297235200197165
Deferred tax liabilities11     
Other undisclosed current liabilities2152     
Total current liabilities:1,368638298236201198166
Noncurrent Liabilities
Other undisclosed noncurrent liabilities910     
Total noncurrent liabilities:910     
Total liabilities:1,377648298236201198166
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,218)275(291)(233)(193)(190)(160)
Common stock5945,1171717171717
Additional paid in capital4,959435525525525525525
Accumulated other comprehensive loss(235)(228)     
Accumulated deficit(6,535)(5,049)(1,018)(942)   
Other additional capital  186    
Other undisclosed stockholders' equity attributable to parent   168(734)(731)(701)
Total stockholders' equity:(1,218)275(291)(233)(193)(190)(160)
TOTAL LIABILITIES AND EQUITY:15992373886

Income statement (P&L) ($ in thousands)

7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
7/31/2013
Revenues111239     
Revenue from related parties65113
Other income1105   
Cost of revenue(10)(266)     
Cost of goods and services sold(3)      
Gross profit:101(27)     
Operating expenses(1,588)(1,484)(62)(19)(17)(13)(54)
Operating loss:(1,487)(1,511)(62)(19)(17)(13)(54)
Nonoperating income (expense)  (14)(1)34103
Foreign currency transaction gain (loss), before tax   (1)34103
Other nonoperating expense  (14)    
Other undisclosed income from continuing operations before equity method investments, income taxes 105     
Income (loss) before gain (loss) on sale of properties:(1,487)(1,406)(76)(20)17(4)(51)
Other undisclosed net income1      
Net income (loss):(1,486)(1,406)(76)(20)17(4)(51)
Other undisclosed net income (loss) attributable to parent 0 (38)(38)(44)(3)
Net loss available to common stockholders, diluted:(1,486)(1,406)(76)(58)(21)(48)(54)

Comprehensive Income ($ in thousands)

7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
7/31/2014
7/31/2013
Net income (loss):(1,486)(1,406)(76)(20)17(4)(51)
Comprehensive income (loss):(1,486)(1,406)(76)(20)17(4)(51)
Other undisclosed comprehensive loss, net of tax, attributable to parent(7)(150)     
Comprehensive income (loss), net of tax, attributable to parent:(1,493)(1,556)(76)(20)17(4)(51)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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