Wellness Center USA Inc (WCUI) financial statements (2021 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
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42534298934176
Cash and cash equivalents42534298934176
Receivables   25  13
Inventory, net of allowances, customer advances and progress billings  (12)1279214270
Inventory  (12)1279214270
Other undisclosed current assets56551422963145
Total current assets:98108668198311604
Noncurrent Assets
Property, plant and equipment 235163045
Intangible assets, net (including goodwill)     3626,765
Goodwill     555,785
Intangible assets, net (excluding goodwill)     306980
Other noncurrent assets23 171717  
Other undisclosed noncurrent assets     212(1,004)
Total noncurrent assets:2321922336045,806
TOTAL ASSETS:12111025902309146,410
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:776794573203648114126
Accounts payable     11472
Accrued liabilities      54
Employee-related liabilities103      
Other undisclosed accounts payable and accrued liabilities673794573203648  
Debt23 2031099114 
Due to related parties53439966 251132285
Deferred revenue and credits55   
Customer advances and deposits   3
Contract with customer, liability9
Other undisclosed current liabilities103  1377566668
Total current liabilities:1,4351,1948503819859271,082
Noncurrent Liabilities
Total liabilities:1,4351,1948503819859271,082
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,710)(1,477)(424)27(560)635,328
Common stock10710710190756545
Common stock, share subscribed but unissued, subscriptions receivable    (442)  
Additional paid in capital23,86923,77822,45019,06916,46514,53413,519
Accumulated deficit(25,687)(25,362)(22,975)(19,133)(17,542)(14,536)(8,236)
Other undisclosed stockholders' equity attributable to parent    8850 
Stockholders' equity attributable to noncontrolling interest396393(402)(317)(195)(75) 
Total stockholders' equity:(1,315)(1,084)(825)(290)(755)(12)5,328
TOTAL LIABILITIES AND EQUITY:12111025902309146,410

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues2133214273481433225
Revenue, net2734816129
Cost of revenue
(Cost of Goods and Services Sold)
(12)(20)(80)(147)(190)(122)(3)
Gross profit:813134126292311222
Operating expenses(1,641)(1,780)(2,226)(2,129)(2,487)(7,444)(5,283)
Operating loss:(1,633)(1,767)(2,093)(2,003)(2,196)(7,133)(5,061)
Nonoperating income (expense)(182)(279)(1,401)185(273)(756)(107)
Investment income, nonoperating  (318)(50)32(16)
Other nonoperating expense    (276)(758)(6)
Interest and debt expense(140)(182)(892)(51) 81(27)
Loss from continuing operations before equity method investments, income taxes:(1,955)(2,228)(4,385)(1,869)(2,468)(7,808)(5,194)
Other undisclosed income from continuing operations before income taxes  89251 1,433 
Loss from continuing operations before income taxes:(1,955)(2,228)(3,493)(1,818)(2,468)(6,375)(5,194)
Other undisclosed loss from continuing operations     (758) 
Loss from continuing operations:(1,955)(2,228)(3,493)(1,818)(2,468)(7,133)(5,194)
Income (loss) from discontinued operations   105  (239)
Loss before gain (loss) on sale of properties:(1,955)(2,228)(3,493)(1,713)(2,468)(7,133)(5,434)
Other undisclosed net income (loss)140182  (3)758572
Net loss:(1,815)(2,046)(3,493)(1,713)(2,471)(6,375)(4,862)
Net income (loss) attributable to noncontrolling interest826484122(120)75 
Other undisclosed net income (loss) attributable to parent (405)  120(0) 
Net loss attributable to parent:(1,733)(2,388)(3,409)(1,591)(2,471)(6,300)(4,862)
Other undisclosed net loss available to common stockholders, basic  (433)    
Net loss available to common stockholders, diluted:(1,733)(2,388)(3,842)(1,591)(2,471)(6,300)(4,862)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net loss:(1,815)(2,046)(3,493)(1,713)(2,471)(6,375)(4,862)
Comprehensive loss:(1,815)(2,046)(3,493)(1,713)(2,471)(6,375)(4,862)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest826484122(120)75 
Comprehensive loss, net of tax, attributable to parent:(1,733)(1,982)(3,409)(1,591)(2,591)(6,300)(4,862)

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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