Wearable Health Solutions, Inc (WHSI) financial statements (2021 and earlier)

Company profile

Business Address 2300 YONGE ST
TORONTO, ON M4P1E4
State of Incorp. NV
Fiscal Year End June 30
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2019
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments410618
Cash and cash equivalents410618
Receivables12789937
Inventory, net of allowances, customer advances and progress billings586823
Inventory586823
Prepaid expense914577 
Other undisclosed current assets028530 
Total current assets:11252127567
Noncurrent Assets
Property, plant and equipment649 0
Intangible assets, net (including goodwill)   1,099
Intangible assets, net (excluding goodwill)   1,099
Total noncurrent assets:649 1,099
TOTAL ASSETS:1195712751,167
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:412155177261
Accounts payable223309367
Accrued liabilities 125114194
Employee-related liabilities  (30) 
Other undisclosed accounts payable and accrued liabilities189   
Deferred revenue196
Debt543  26
Derivative instruments and hedges, liabilities110   
Due to related parties114   
Other liabilities 2812 
Other undisclosed current liabilities9501,110894416
Total current liabilities:2,3241,2931,083703
Noncurrent Liabilities
Liabilities, other than long-term debt  1272,500
Accounts payable and accrued liabilities  1272,500
Other undisclosed noncurrent liabilities 398(127) 
Total noncurrent liabilities: 398 2,500
Total liabilities:2,3241,6901,0833,203
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,205)(1,119)(809)(2,036)
Common stock9111
Common stock, share subscribed but unissued, subscriptions receivable  28 
Additional paid in capital16,71013,07512,57712,204
Accumulated deficit(18,925)(14,195)(13,414)(14,241)
Other undisclosed stockholders' equity attributable to parent0000
Total stockholders' equity:(2,205)(1,119)(809)(2,036)
TOTAL LIABILITIES AND EQUITY:1195712751,167

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

6/30/2019
6/30/2016
6/30/2015
6/30/2014
Revenues7701,2961,1471,154
Cost of revenue(398)(396)(367)(325)
Gross profit:372900780829
Operating expenses(807)(1,487)(1,293)(1,908)
Operating loss:(435)(587)(512)(1,078)
Nonoperating income (expense) (193)2,8151,303
Gain on contract termination  1,476 
Other nonoperating income (expense) (193)1,3391,303
Interest and debt expense(281)19(11)1,515
Income (loss) from continuing operations before equity method investments, income taxes:(715)(761)2,2921,740
Other undisclosed loss from continuing operations before income taxes(0)   
Income (loss) from continuing operations before income taxes:(715)(761)2,2921,740
Income tax expense (benefit) 352(369)567
Income (loss) before gain (loss) on sale of properties:(715)(409)1,9232,307
Other undisclosed net income (loss)298(371)(1,096)(2,082)
Net income (loss):(417)(780)827225
Other undisclosed net loss attributable to parent(298)   
Net income (loss) attributable to parent:(715)(780)827225
Preferred stock dividends and other adjustments   315
Net income (loss) available to common stockholders, diluted:(715)(780)827540

Comprehensive Income ($ in thousands)

6/30/2019
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(417)(780)827225
Comprehensive income (loss), net of tax, attributable to parent:(417)(780)827225

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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