Wearable Health Solutions, Inc (WHSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2901 PACIFIC COAST HIGHWAY
NEWPORT BEACH, CA 92663
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2019
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments136457141061
Cash and cash equivalents136457141061
Receivables033156127899
Inventory, net of allowances, customer advances and progress billings96475868
Inventory96475868
Prepaid expense  4 914577
Other undisclosed current assets 7(22)64028530
Total current assets:152125297112521275
Noncurrent Assets
Operating lease, right-of-use asset3239 
Property, plant and equipment394542649 
Total noncurrent assets:718442649 
TOTAL ASSETS:223209339119571275
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:517404374412155177
Employee-related liabilities   (30)
Accounts payable16346582233093
Accrued liabilities8996  125114
Other undisclosed accounts payable and accrued liabilities265262316189  
Deferred revenue1036981196
Debt548548513543  
Derivative instruments and hedges, liabilities    110  
Due to related parties 24158114  
Other liabilities     2812
Other undisclosed current liabilities2,6131,2931,4059501,110894
Total current liabilities:3,7822,5552,4312,3241,2931,083
Noncurrent Liabilities
Long-term debt and lease obligation  104    
Long-term debt, excluding current maturities  104    
Liabilities, other than long-term debt1826   127
Accounts payable and accrued liabilities      127
Operating lease, liability1826 
Other undisclosed noncurrent liabilities     398(127)
Total noncurrent liabilities:18130  398 
Total liabilities:3,8002,6852,4312,3241,6901,083
Equity
Equity, attributable to parent, including:(3,577)(2,476)(2,092)(2,205)(1,119)(809)
Common stock157153149911
Common stock, share subscribed but unissued, subscriptions receivable      28
Common stock, value, subscriptions250     
Additional paid in capital37,47337,27136,77316,71013,07512,577
Accumulated deficit(41,812)(40,712)(39,423)(18,925)(14,195)(13,414)
Other undisclosed equity, attributable to parent356812409000
Total equity:(3,577)(2,476)(2,092)(2,205)(1,119)(809)
TOTAL LIABILITIES AND EQUITY:223209339119571275

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

12/31/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2019
6/30/2016
6/30/2015
Revenues7458541,0467701,2961,147
Cost of revenue(477)(442)(568)(398)(396)(367)
Gross profit:268412477372900780
Operating expenses(2,562)(10,032)(13,522)(807)(1,487)(1,293)
Other undisclosed operating loss      
Operating loss:(2,294)(9,620)(13,045)(435)(587)(512)
Nonoperating income (expense)(94)6(5) (193)2,815
Gain on contract termination      1,476
Other nonoperating income (expense) 203336 (193)1,339
Interest and debt expense(14)(133)(21)(281)19(11)
Income (loss) from continuing operations before equity method investments, income taxes:(2,402)(9,747)(13,070)(715)(761)2,292
Other undisclosed income (loss) from continuing operations before income taxes1413321(0)  
Income (loss) from continuing operations before income taxes:(2,388)(9,614)(13,049)(715)(761)2,292
Income tax expense (benefit)     352(369)
Income (loss) from continuing operations:(2,388)(9,614)(13,049)(715)(409)1,923
Income (loss) before gain (loss) on sale of properties:(9,074)(13,049)(715)(409)1,923
Other undisclosed net income (loss)    298(371)(1,096)
Net income (loss):(2,388)(9,614)(13,049)(417)(780)827
Other undisclosed net loss attributable to parent    (298)  
Net income (loss) attributable to parent:(2,388)(9,614)(13,049)(715)(780)827
Other undisclosed net income available to common stockholders, basic 27,59626,098   
Net income (loss) available to common stockholders, diluted:(2,388)17,98213,049(715)(780)827

Comprehensive Income ($ in thousands)

12/31/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2019
6/30/2016
6/30/2015
Net income (loss):(2,388)(9,614)(13,049)(417)(780)827
Comprehensive income (loss), net of tax, attributable to parent:(2,388)(9,614)(13,049)(417)(780)827

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: