Luckwel Pharmaceuticals Inc. (LWEL) Financial Statements (2024 and earlier)

Company Profile

Business Address 125 CAMBRIDGE PARK DRIVE
CAMBRIDGE, MA 02140
State of Incorp. NV
Fiscal Year End March 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
2/29/2016
2/28/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4425,75418,50329,413116,64248,286
Cash and cash equivalents4425,75418,50329,413116,64248,286
Other undisclosed current assets    17,568125 
Total current assets:4425,75418,50346,981116,76748,286
Noncurrent Assets
Intangible assets, net (including goodwill)     (55,000)(36,666)
Intangible assets, net (excluding goodwill)     (55,000)(36,666)
Other noncurrent assets    5,405  
Other undisclosed noncurrent assets     55,000 
Total noncurrent assets:    5,405 (36,666)
Other undisclosed assets17,1691,516   45,833
TOTAL ASSETS:17,21327,27018,50352,386116,76757,453
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:222,16367,84366,04367,5417412,314
Taxes payable70,000     
Employee-related liabilities144,000  327,05432,081390,466
Accrued liabilities8,163     
Other undisclosed accounts payable and accrued liabilities  67,84366,043(259,513)(31,340)(388,152)
Debt      
Due to related parties1,123,305751,25081,757327,054  
Other undisclosed current liabilities     32,081 
Total current liabilities:1,345,468819,093147,800394,59532,8222,314
Noncurrent Liabilities
Other undisclosed liabilities     390,466
Total liabilities:1,345,468819,093147,800394,59532,822392,780
Equity
Equity, attributable to parent, including:(1,328,255)(791,823)(129,297)(342,209)83,945(526,337)
Common stock1,433,7601,433,760183,760176,260175,000105,000
Additional paid in capital465,748465,7481,715,748973,248856,00086,000
Accumulated other comprehensive income101010101010
Accumulated deficit(3,227,773)(2,691,341)(2,028,815)(1,491,727)(947,065)(526,337)
Other undisclosed equity, attributable to parent      (191,010)
Other undisclosed equity      191,010
Total equity:(1,328,255)(791,823)(129,297)(342,209)83,945(335,327)
TOTAL LIABILITIES AND EQUITY:17,21327,27018,50352,386116,76757,453

Income Statement (P&L) (USD)

3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
2/29/2016
2/28/2015
Revenues  5  44 
Other income  5 (59,918)44
Gross profit:  5  44 
Operating expenses(536,432)(622,531)(533,260)(450,790)(420,772)(265,105)
Operating loss:(536,432)(622,526)(533,260)(510,708)(420,728)(265,105)
Nonoperating expense  (3,828)   
Investment income, nonoperating   (4,123)   
Other nonoperating income (expense)  295   
Interest and debt expense      
Loss from continuing operations:(536,432)(622,526)(537,088)(510,708)(420,728)(265,105)
Loss before gain (loss) on sale of properties:(536,432)(622,526)(537,088)(510,708)(420,728)(265,105)
Net loss:(536,432)(622,526)(537,088)(510,708)(420,728)(265,105)
Other undisclosed net income attributable to parent     950
Net loss available to common stockholders, diluted:(536,432)(622,526)(537,088)(510,708)(420,728)(264,155)

Comprehensive Income (USD)

3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
2/29/2016
2/28/2015
Net loss:(536,432)(622,526)(537,088)(510,708)(420,728)(265,105)
Comprehensive loss, net of tax, attributable to parent:(536,432)(622,526)(537,088)(510,708)(420,728)(265,105)

Statements Sources

The financial statements are based on the Company's filings with 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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