W&E Source Corp. (WESC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1855 TALLEYRAND, SUITE 203A
BROSSARD, QC J4W 2Y9
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 47 - Transportation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2023
MRQ
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8268532,2483,5082,5082,925
Cash and cash equivalents8268532,2483,5082,5082,925
Receivables384042384346
Total current assets:8648932,2903,5462,5512,971
Noncurrent Assets
Deposits noncurrent assets11,04911,65312,03011,01611,45715,000
Other undisclosed noncurrent assets      (3,585)
Total noncurrent assets:11,04911,65312,03011,01611,45711,415
TOTAL ASSETS:11,91312,54614,32014,56214,00814,386
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:26,77149,31024,56115,35117,85711,283
Other undisclosed accounts payable and accrued liabilities26,77149,31024,56115,35117,85711,283
Due to related parties102,54051,47412,02032,68323,45215,862
Other undisclosed current liabilities    165,446120,98887,243
Total current liabilities:129,311100,78436,581213,480162,297114,388
Noncurrent Liabilities
Total liabilities:129,311100,78436,581213,480162,297114,388
Equity
Equity, attributable to parent(117,398)(88,238)(22,261)(198,918)(148,289)(100,002)
Common stock13,00913,00913,0098,2498,2498,249
Additional paid in capital1,218,9861,217,6461,217,1061,059,9311,059,9311,059,931
Accumulated other comprehensive income15,5648,5413,46515,92011,3909,938
Accumulated deficit(1,364,957)(1,327,434)(1,255,841)(1,283,018)(1,227,859)(1,178,120)
Total equity:(117,398)(88,238)(22,261)(198,918)(148,289)(100,002)
TOTAL LIABILITIES AND EQUITY:11,91312,54614,32014,56214,00814,386

Income Statement (P&L) (USD)

3/31/2023
TTM
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Revenues    784491495
Gross profit:    784491495
Operating expenses(75,471)(65,730)(55,028)(51,286)(55,651)(51,829)
Operating loss:(75,471)(65,730)(55,028)(50,502)(55,160)(51,334)
Nonoperating income (expense)(11,035)(5,863)82,205(4,657)5,421295
Gain (loss), foreign currency transaction, before tax(9,263)(5,321)6,158(4,657)5,421295
Interest and debt expense(1,772)(542)(14,326)   
Income (loss) from continuing operations before equity method investments, income taxes:(88,278)(72,135)12,851(55,159)(49,739)(51,039)
Other undisclosed income from continuing operations before income taxes143,728143,72814,326   
Income (loss) from continuing operations:55,45071,59327,177(55,159)(49,739)(51,039)
Income (loss) before gain (loss) on sale of properties:72,97471,59327,177(55,159)(49,739)(51,039)
Net income (loss):55,45071,59327,177(55,159)(49,739)(51,039)
Other undisclosed net loss attributable to parent(141,956)(143,186)    
Net income (loss) available to common stockholders, diluted:(86,506)(71,593)27,177(55,159)(49,739)(51,039)

Comprehensive Income (USD)

3/31/2023
TTM
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Net income (loss):55,45071,59327,177(55,159)(49,739)(51,039)
Comprehensive income (loss):55,45071,59327,177(55,159)(49,739)(51,039)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(129,329)(139,904)12,4566,2761,452(6)
Comprehensive income (loss), net of tax, attributable to parent:(73,879)(68,311)39,633(48,883)(48,287)(51,045)

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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