$WLSS
Welsis Corp.

2024 Q2 Form 10-Q Financial Statement

#000164033424000724 Filed on May 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q3
Revenue $0.00 $0.00 $8.000K
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $15.69K $14.03K $8.370K
YoY Change 56.9% -53.23% -58.15%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.000K $2.000K
YoY Change -80.0%
% of Gross Profit
Operating Expenses $15.69K $14.03K $8.370K
YoY Change 94.52% -49.59% -58.15%
Operating Profit -$15.69K -$14.03K
YoY Change 328.05% -49.59%
Interest Expense $1.664K $999.00
YoY Change 66.9% 0.0%
% of Operating Profit
Other Income/Expense, Net -$1.664K $54.00K
YoY Change 66.9% -5505.51%
Pretax Income -$17.35K $39.98K -$370.00
YoY Change -233.27% -98.15%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$17.35K $39.98K -$370.00
YoY Change 373.45% -243.67% -98.15%
Net Earnings / Revenue -4.63%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 $0.01 $0.00
COMMON SHARES
Basic Shares Outstanding 2.753M shares 2.753M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change
Cash & Equivalents $0.00 $0.00 $9.834K
Short-Term Investments
Other Short-Term Assets $9.830K
YoY Change -50.85%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $0.00 $9.834K
YoY Change -100.0% -100.0% -47.42%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $17.33K $23.33K
YoY Change -31.58% -25.53%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $17.33K $19.33K $23.33K
YoY Change -31.58% -29.27% -25.53%
TOTAL ASSETS
Total Short-Term Assets $0.00 $0.00 $9.834K
Total Long-Term Assets $17.33K $19.33K $23.33K
Total Assets $17.33K $19.33K $33.17K
YoY Change -43.24% -31.68% -33.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.13K $7.260K $75.50K
YoY Change -86.26% -89.9% 10.54%
Accrued Expenses $11.99K $10.32K $8.330K
YoY Change 19.9% 3.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.11K $17.58K $111.1K
YoY Change -79.55% -82.8% 27.83%
LONG-TERM LIABILITIES
Long-Term Debt $50.82K $40.00K $40.00K
YoY Change 27.05% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $50.82K $40.00K $40.00K
YoY Change 27.05% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.11K $17.58K $111.1K
Total Long-Term Liabilities $50.82K $40.00K $40.00K
Total Liabilities $72.93K $57.58K $151.1K
YoY Change -50.77% -59.52% 19.06%
SHAREHOLDERS EQUITY
Retained Earnings -$131.4K -$114.0K -$140.8K
YoY Change -6.4% -16.59% 41.2%
Common Stock $276.00 $276.00 $276.00
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$55.60K -$38.25K -$118.0K
YoY Change
Total Liabilities & Shareholders Equity $17.33K $19.33K $33.17K
YoY Change -43.24% -31.68% -33.71%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q3
OPERATING ACTIVITIES
Net Income -$17.35K $39.98K -$370.00
YoY Change 373.45% -243.67% -98.15%
Depreciation, Depletion And Amortization $2.000K $2.000K
YoY Change -80.0%
Cash From Operating Activities $0.00 $440.00 -$57.07K
YoY Change -100.0% -102.2% 185.35%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $21.33K $6.670K
YoY Change -122.23%
Cash From Investing Activities $21.33K $6.670K
YoY Change -122.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -23.13K 31.54K
YoY Change -100.0% -331.3% -54.94%
NET CHANGE
Cash From Operating Activities 0.000 440.0 -57.07K
Cash From Investing Activities 21.33K 6.670K
Cash From Financing Activities 0.000 -23.13K 31.54K
Net Change In Cash 0.000 -1.360K -18.86K
YoY Change -100.0% -86.4% -194.3%
FREE CASH FLOW
Cash From Operating Activities $0.00 $440.00 -$57.07K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001887912
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2752667 shares
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2752667 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2752667 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2023Q1 welsis Common Stock Par Value Per Share
CommonStockParValuePerShare
0.0001
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2752667 shares
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-03-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
333-261614
dei Entity Registrant Name
EntityRegistrantName
WELSIS CORP.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
WY
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-1620699
dei Entity Address Address Line1
EntityAddressAddressLine1
701 E Cathedral Rd.
dei Entity Address Address Line2
EntityAddressAddressLine2
Ste 45 PMB 405
dei Entity Address City Or Town
EntityAddressCityOrTown
Philadelphia
dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
19128
dei City Area Code
CityAreaCode
212
dei Local Phone Number
LocalPhoneNumber
552-8991
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
true
dei Entity Shell Company
EntityShellCompany
false
CY2024Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
2752667 shares
CY2024Q1 welsis Mobile Application And Website Development
MobileApplicationAndWebsiteDevelopment
19333 usd
CY2023Q3 welsis Mobile Application And Website Development
MobileApplicationAndWebsiteDevelopment
23333 usd
CY2024Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
40000 usd
CY2023Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
40000 usd
CY2024Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
40000 usd
CY2023Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
40000 usd
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2752667 shares
CY2024Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
54001 usd
CY2023Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-999 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
53002 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1998 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
39975 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-27825 usd
us-gaap Net Income Loss
NetIncomeLoss
26711 usd
us-gaap Net Income Loss
NetIncomeLoss
-37036 usd
CY2024Q1 welsis Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.01
CY2023Q1 welsis Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.01
welsis Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.01
welsis Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
-0.01
CY2024Q1 welsis Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
2752667 shares
CY2023Q1 welsis Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
2752667 shares
welsis Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
2752667 shares
welsis Weighted Average Number Of Shares Outstanding Basic And Diluted
WeightedAverageNumberOfSharesOutstandingBasicAndDiluted
2752667 shares
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-117973 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-13264 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-131237 usd
CY2024Q1 welsis Forgiveness Of Related Party Loans
ForgivenessOfRelatedPartyLoans
53015 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
39975 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-38247 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-76905 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-9211 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-86116 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-27825 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-113941 usd
us-gaap Profit Loss
ProfitLoss
26711 usd
us-gaap Profit Loss
ProfitLoss
-37036 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000 usd
welsis Gains Losses On Extinguishment Of Debts
GainsLossesOnExtinguishmentOfDebts
-55000 usd
welsis Gains Losses On Extinguishment Of Debts
GainsLossesOnExtinguishmentOfDebts
0 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12457 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3601 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1998 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1998 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9834 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-27437 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
29661 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29661 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
9697 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
29661 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
39358 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-9834 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-17740 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9834 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18703 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
963 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
welsis Forgiveness Of Related Party Debts Amount
ForgivenessOfRelatedPartyDebtsAmount
53015 usd
welsis Forgiveness Of Related Party Debts Amount
ForgivenessOfRelatedPartyDebtsAmount
0 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 1 - NATURE OF OPERATIONS</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Welsis Corp. (referred as the “Company”, “we”, “our”) was Incorporated in the State of Wyoming and established on August 16, 2021. We are a development-stage company formed to commence operations concerned with the virtual psychological therapy that is also known as teletherapy or telepsychology services. We have developed a full business plan. Our Company provides counseling and psychological services for adolescents (from 14 years) and adults, for men and women, therapy for individuals, couples and families. Also, we plan to provide our services to specific communities, for example to the corporative sector of business in a form of corporate group sessions or individual ones. We have purchased a website and a working prototype of online services mobile platform application known as “Psychologist-24”.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 13, 2024, Dusan Zindovic, the previous majority shareholder of Welsis Corp. (the “Company”), entered into a stock purchase agreement for the sale of 2,000,000 shares of Common Stock of the Company to Skywest Pinnacle Limited. The closing of the purchase and sale occurred on April 1, 2024. As a result of the acquisition, Skywest Pinnacle Limited holds approximately 73% of the issued and outstanding shares of Common Stock of the Company, and as such it is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company. Also effective April 1, 2024, the previous sole officer and director of the company, Dusan Zindovic, resigned his positions with the Company. Upon such resignations, Kwok Boon Kit was appointed as Chief Executive Officer, Treasurer and Secretary, and Director of the Company.</p>
CY2024Q1 welsis Business Of Description
BusinessOfDescription
the previous majority shareholder of Welsis Corp. (the “Company”), entered into a stock purchase agreement for the sale of 2,000,000 shares of Common Stock of the Company to Skywest Pinnacle Limited. The closing of the purchase and sale occurred on April 1, 2024. As a result of the acquisition, Skywest Pinnacle Limited holds approximately 73% of the issued and outstanding shares
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9834 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
40000 usd
welsis Finite Lived Intangible Asset Useful Life1
FiniteLivedIntangibleAssetUsefulLife1
5 years
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19333 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20667 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4000 usd
CY2024Q1 us-gaap Notes Payable
NotesPayable
40000 usd
CY2024Q1 us-gaap Interest Payable Current
InterestPayableCurrent
10323 usd
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
8325 usd
CY2024Q1 us-gaap Loans Payable
LoansPayable
55000 usd
us-gaap Revenues
Revenues
2000 usd
us-gaap Revenues
Revenues
3500 usd
CY2024Q1 welsis Retained Earnings Accumulated Deficits
RetainedEarningsAccumulatedDeficits
-114042 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9834 usd
welsis Amounts Payable To Related Party
AmountsPayableToRelatedParty
14400 usd
CY2024Q1 us-gaap Shares Issued
SharesIssued
40000 shares
us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.10 pure
us-gaap Interest Paid
InterestPaid
1998 usd
us-gaap Interest Paid
InterestPaid
1998 usd
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2024Q1 welsis Common Stock Par Value Per Share
CommonStockParValuePerShare
0.0001
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2752667 shares

Files In Submission

Name View Source Status
0001640334-24-000724-index-headers.html Edgar Link pending
0001640334-24-000724-index.html Edgar Link pending
0001640334-24-000724.txt Edgar Link pending
0001640334-24-000724-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
welsis-20240331.xsd Edgar Link pending
wlss_10q.htm Edgar Link pending
wlss_ex311.htm Edgar Link pending
wlss_ex321.htm Edgar Link pending
welsis-20240331_cal.xml Edgar Link unprocessable
welsis-20240331_lab.xml Edgar Link unprocessable
welsis-20240331_def.xml Edgar Link unprocessable
welsis-20240331_pre.xml Edgar Link unprocessable
wlss_10q_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable