United Health Products, Inc. (UEEC) Financial Statements (2024 and earlier)

Company Profile

Business Address 526 COMMERCE CIRCLE
MESQUITE, NV 89027
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 13,37721,79946,07616,62431,273189,942
Cash and cash equivalents 13,37721,79946,07616,62431,273189,942
Receivables     11,010447,970
Inventory, net of allowances, customer advances and progress billings34,730 69,67476,84883,694163,534
Inventory34,730 69,67476,84883,694163,534
Deferred costs      
Other undisclosed current assets22,9325,000   12,114
Total current assets:71,03926,799115,75093,472125,977813,560
Noncurrent Assets
Operating lease, right-of-use asset    
Property, plant and equipment   101,350   
Intangible assets, net (including goodwill)36,450     
Intangible assets, net (excluding goodwill)36,450     
Deferred costs  27,017,200    
Other undisclosed noncurrent assets243,039(27,017,200)    
Total noncurrent assets:279,489 101,350   
TOTAL ASSETS:350,52826,799217,10093,472125,977813,560
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,255,232826,486416,759512,476243,713325,654
Employee-related liabilities45,000  205,000 
Accounts payable      
Accrued liabilities420,0003,207193,651119,01625,00086,500
Other undisclosed accounts payable and accrued liabilities835,232778,279223,108393,46013,713239,154
Debt200,177 559,952365,7858,121450,828
Due to related parties172,579219,000    
Other undisclosed current liabilities787,467123,207193,651119,016226,843298,343
Total current liabilities:2,415,4551,168,6931,170,362997,277478,6771,074,825
Noncurrent Liabilities
Liabilities, other than long-term debt      
Operating lease, liability    
Total noncurrent liabilities:      
Total liabilities:2,415,4551,168,6931,170,362997,277478,6771,074,825
Equity
Equity, attributable to parent(2,064,927)(1,141,894)(953,262)(903,805)(352,700)(261,265)
Common stock230,871228,667189,357178,300185,943164,969
Common stock, share subscribed but unissued, subscriptions receivable (50,550)     
Additional paid in capital71,830,69571,017,88140,696,64025,045,75419,198,34313,304,617
Accumulated deficit(74,075,943)(72,388,442)(41,839,259)(26,127,859)(19,736,986)(13,730,851)
Total equity:(2,064,927)(1,141,894)(953,262)(903,805)(352,700)(261,265)
TOTAL LIABILITIES AND EQUITY:350,52826,799217,10093,472125,977813,560

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues 37,500596434,92745,862645,652
Other income 1,402,981304,273  3,935 
Cost of revenue (18,644)(25)(195)(1,316)(96,701)(67,016)
Cost of goods and services sold (18,644)(69,649)(6,979) (96,701)(67,016)
Gross profit: 18,856344483,611(50,839)578,636
Operating expenses(2,820,895)(29,800,669)(14,849,099)(6,097,723)(2,326,731)(1,297,954)
Operating loss:(2,802,039)(29,800,635)(14,848,651)(6,094,112)(2,377,570)(719,318)
Nonoperating income (expense)1,114,538(748,548)(862,749)(508,183)(3,628,565)(215,650)
Other nonoperating income (expense)1,114,538(748,548)(862,749)(508,183)  
Interest and debt expense(209,598)(434,570)316,521(508,183)(3,632,500)(184,650)
Loss from continuing operations before income taxes:(1,897,099)(30,983,753)(15,394,879)(7,110,478)(9,638,635)(1,119,618)
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:(1,897,099)(30,983,753)(15,394,879)(7,110,478)(9,638,635)(1,119,618)
Loss before gain (loss) on sale of properties:(30,983,753)(15,394,879)(7,110,478)(9,638,635)(1,119,618)
Other undisclosed net income (loss)3,584,600     
Net income (loss):1,687,501(30,983,753)(15,394,879)(7,110,478)(9,638,635)(1,119,618)
Other undisclosed net income (loss) attributable to parent(3,375,002)434,570(316,521)508,1833,632,500184,650
Net loss available to common stockholders, diluted:(1,687,501)(30,549,183)(15,711,400)(6,602,295)(6,006,135)(934,968)

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,687,501(30,983,753)(15,394,879)(7,110,478)(9,638,635)(1,119,618)
Comprehensive income (loss), net of tax, attributable to parent:1,687,501(30,983,753)(15,394,879)(7,110,478)(9,638,635)(1,119,618)

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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