Wellness Center USA, Inc. (WCUI) Financial Statements (2024 and earlier)
Company Profile
Business Address |
2500 WEST HIGGINS ROAD, STE. 780 HOFFMAN ESTATES, IL 60169 |
State of Incorp. | NV |
Fiscal Year End | September 30 |
Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
6/30/2022 MRQ | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 32 | 51 | 53 | 4 | 29 | 89 | |||
Cash and cash equivalents | 32 | 51 | 53 | 4 | 29 | 89 | |||
Receivables | 25 | ||||||||
Inventory, net of allowances, customer advances and progress billings | 50 | 95 | (12) | 12 | 79 | ||||
Inventory | 50 | 95 | (12) | 12 | 79 | ||||
Other undisclosed current assets | 1 | 55 | 14 | 2 | 29 | ||||
Total current assets: | 82 | 146 | 108 | 6 | 68 | 198 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 2 | 3 | 5 | 16 | |||||
Other noncurrent assets | 7 | 17 | 17 | 17 | |||||
Total noncurrent assets: | 7 | 2 | 19 | 22 | 33 | ||||
TOTAL ASSETS: | 82 | 153 | 110 | 25 | 90 | 230 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 624 | 408 | 794 | 573 | 203 | 648 | |||
Settlement liabilities | 673 | ||||||||
Employee-related liabilities | 76 | 92 | |||||||
Other undisclosed accounts payable and accrued liabilities | (124) | 316 | 794 | 573 | 203 | 648 | |||
Debt | 369 | 203 | 109 | 9 | |||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 55 | |||
Due to related parties | 2,055 | 1,165 | 399 | 66 | 251 | ||||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 9 | ✕ | ✕ | ||
Other undisclosed current liabilities | 749 | 403 | 13 | 77 | |||||
Total current liabilities: | 3,428 | 2,346 | 1,194 | 850 | 381 | 985 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 37 | ||||||||
Long-term debt, excluding current maturities | 37 | ||||||||
Total noncurrent liabilities: | 37 | ||||||||
Total liabilities: | 3,428 | 2,383 | 1,194 | 850 | 381 | 985 | |||
Equity | |||||||||
Equity, attributable to parent, including: | (3,008) | (2,411) | (1,477) | (424) | 27 | (560) | |||
Common stock | 124 | 118 | 107 | 101 | 90 | 75 | |||
Common stock, share subscribed but unissued, subscriptions receivable | (442) | ||||||||
Additional paid in capital | 25,258 | 25,054 | 23,778 | 22,450 | 19,069 | 16,465 | |||
Accumulated deficit | (28,390) | (27,583) | (25,362) | (22,975) | (19,133) | (17,542) | |||
Other undisclosed equity, attributable to parent | 885 | ||||||||
Equity, attributable to noncontrolling interest | (339) | 182 | 393 | (402) | (317) | (195) | |||
Total equity: | (3,346) | (2,230) | (1,084) | (825) | (290) | (755) | |||
TOTAL LIABILITIES AND EQUITY: | 82 | 153 | 110 | 25 | 90 | 230 |
Income Statement (P&L) ($ in thousands)
6/30/2022 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 240 | 5 | 33 | 214 | 273 | 481 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 273 | 481 | |
Cost of revenue (Cost of Goods and Services Sold) | (229) | (20) | (80) | (147) | (190) | |||
Gross profit: | 11 | 5 | 13 | 134 | 126 | 292 | ||
Operating expenses | (1,239) | (1,927) | (1,780) | (2,226) | (2,129) | (2,487) | ||
Operating loss: | (1,228) | (1,922) | (1,767) | (2,093) | (2,003) | (2,196) | ||
Nonoperating income (expense) | (99) | (581) | (279) | (1,401) | 185 | (273) | ||
Investment income, nonoperating | (318) | (50) | 3 | |||||
Other nonoperating expense | (276) | |||||||
Interest and debt expense | (97) | 13 | (182) | (892) | (51) | |||
Loss from continuing operations before equity method investments, income taxes: | (1,424) | (2,489) | (2,228) | (4,385) | (1,869) | (2,468) | ||
Other undisclosed income from continuing operations before income taxes | 892 | 51 | ||||||
Loss from continuing operations: | (1,424) | (2,489) | (2,228) | (3,493) | (1,818) | (2,468) | ||
Loss before gain (loss) on sale of properties: | ✕ | (1,424) | (2,489) | (2,228) | (3,493) | (1,713) | (2,468) | |
Income from discontinued operations | 105 | |||||||
Other undisclosed net income (loss) | 97 | (13) | 182 | (3) | ||||
Net loss: | (1,327) | (2,502) | (2,046) | (3,493) | (1,713) | (2,471) | ||
Net income (loss) attributable to noncontrolling interest | 521 | 281 | 64 | 84 | 122 | (120) | ||
Other undisclosed net income (loss) attributable to parent | (405) | 120 | ||||||
Net loss attributable to parent: | (806) | (2,221) | (2,388) | (3,409) | (1,591) | (2,471) | ||
Other undisclosed net loss available to common stockholders, basic | (433) | |||||||
Net loss available to common stockholders, diluted: | (806) | (2,221) | (2,388) | (3,842) | (1,591) | (2,471) |
Comprehensive Income ($ in thousands)
6/30/2022 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
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Net loss: | (1,327) | (2,502) | (2,046) | (3,493) | (1,713) | (2,471) | ||
Comprehensive loss: | (1,327) | (2,502) | (2,046) | (3,493) | (1,713) | (2,471) | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 521 | 281 | 64 | 84 | 122 | (120) | ||
Comprehensive loss, net of tax, attributable to parent: | (806) | (2,221) | (1,982) | (3,409) | (1,591) | (2,591) |
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.