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
Q3
3/31/2022
Q2
12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6416324214679
Cash and cash equivalents6416324214679
Receivables 11 38924
Inventory, net of allowances, customer advances and progress billings272450129132135
Inventory272450129132135
Other undisclosed current assets      1
Total current assets:934182208288238
Noncurrent Assets
Operating lease, right-of-use asset      2
Total noncurrent assets:      2
TOTAL ASSETS:934182208288239
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:662683624549518481
Settlement liabilities673673   
Employee-related liabilities7176808588
Other undisclosed accounts payable and accrued liabilities662(62)(124)469433393
Due to related parties2,2372,1122,0551,9161,8251,460
Other undisclosed current liabilities608744749753758762
Total current liabilities:3,5073,5393,4283,2193,1012,703
Noncurrent Liabilities
Long-term debt and lease obligation305  373737
Long-term debt, excluding current maturities305  373737
Total noncurrent liabilities:305  373737
Total liabilities:3,8123,5393,4283,2563,1382,740
Equity
Equity, attributable to parent(3,230)(3,096)(3,008)(2,810)(2,700)(2,540)
Common stock126125124122121120
Additional paid in capital25,34325,30125,25825,19825,15625,105
Accumulated deficit(28,700)(28,522)(28,390)(28,131)(27,977)(27,764)
Equity, attributable to noncontrolling interest(489)(402)(339)(237)(150)38
Total equity:(3,719)(3,498)(3,346)(3,047)(2,850)(2,501)
TOTAL LIABILITIES AND EQUITY:934182208288239

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

6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
Revenues10016519795290
Cost of revenue
(Cost of Goods and Services Sold)
(10)(26)(79)(10)(59)(80)
Gross profit:90139(60)68(7)10
Operating expenses(311)(288)(296)(273)(362)(309)
Operating loss:(221)(149)(356)(204)(370)(298)
Nonoperating expense(44)(46)(5)(36)(32)(26)
Interest and debt expense(40)(42)(3)(36)(32)(26)
Loss from continuing operations:(305)(237)(363)(277)(434)(350)
Loss before gain (loss) on sale of properties:(305)(237)(363)(277)(434)(350)
Other undisclosed net income40423363226
Net loss:(265)(195)(360)(241)(402)(324)
Net income attributable to noncontrolling interest876310287188144
Net loss available to common stockholders, diluted:(178)(132)(259)(154)(213)(181)

Comprehensive Income ($ in thousands)

6/30/2022
Q3
3/31/2022
Q2
12/31/2021
Q1
9/30/2021
Q4
6/30/2021
Q3
3/31/2021
Q2
12/31/2020
Q1
Net loss:(265)(195)(360)(241)(402)(324)
Comprehensive loss:(265)(195)(360)(241)(402)(324)
Comprehensive income, net of tax, attributable to noncontrolling interest876310287188144
Comprehensive loss, net of tax, attributable to parent:(178)(132)(259)(154)(213)(181)

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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