World Health Energy Holdings Files Q1 2024 10-Q
Ticker: WHEN · Form: 10-Q · Filed: May 20, 2024 · CIK: 943535
| Field | Detail |
|---|---|
| Company | World Health Energy Holdings, Inc. (WHEN) |
| Form Type | 10-Q |
| Filed Date | May 20, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, software
TL;DR
WHEH filed Q1 2024 10-Q. Financials and ops update.
AI Summary
World Health Energy Holdings, Inc. filed its quarterly report for the period ending March 31, 2024. The company, formerly known as Advanced Plant Pharmaceuticals Inc., is based in Boca Raton, Florida, and operates in the pre-packaged software industry. The filing details financial information and operational updates for the first quarter of 2024.
Why It Matters
This filing provides investors with an update on the financial health and operational status of World Health Energy Holdings, Inc. for the first quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly filing with no immediately apparent significant negative or positive events.
Key Players & Entities
- WORLD HEALTH ENERGY HOLDINGS, INC. (company) — Filer
- ADVANCED PLANT PHARMACEUTICALS INC (company) — Former company name
- BOCA RATON, FL (location) — Business address
- 20240331 (date) — Reporting period end date
- 20240520 (date) — Filing date
FAQ
What is the primary business of World Health Energy Holdings, Inc.?
World Health Energy Holdings, Inc. operates in the SERVICES-PREPACKAGED SOFTWARE industry, with SIC code 7372.
When was the company formerly known as Advanced Plant Pharmaceuticals Inc.?
The company's name changed from Advanced Plant Pharmaceuticals Inc. on June 22, 1999.
What is the fiscal year end for World Health Energy Holdings, Inc.?
The company's fiscal year ends on December 31.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending March 31, 2024.
Where is World Health Energy Holdings, Inc. located?
The company's business and mailing address is 1825 NW Corporate Blvd, Suite 110, Boca Raton, FL 33431.
Filing Stats: 4,495 words · 18 min read · ~15 pages · Grade level 16.7 · Accepted 2024-05-20 15:51:45
Key Financial Figures
- $0.00001 — he registrant's common stock, par value $0.00001 per share, were outstanding. WORLD HE
Filing Documents
- form10-q.htm (10-Q) — 902KB
- ex31-1.htm (EX-31.1) — 12KB
- ex32-1.htm (EX-32.1) — 7KB
- 0001493152-24-020654.txt ( ) — 3538KB
- when-20240331.xsd (EX-101.SCH) — 17KB
- when-20240331_cal.xml (EX-101.CAL) — 40KB
- when-20240331_def.xml (EX-101.DEF) — 88KB
- when-20240331_lab.xml (EX-101.LAB) — 253KB
- when-20240331_pre.xml (EX-101.PRE) — 187KB
- form10-q_htm.xml (XML) — 406KB
– Financial Statements – Unaudited
Item 1 – Financial Statements – Unaudited 3 Condensed Consolidated Balance Sheets – March 31, 2024 and December 31, 2023 4 Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 and 2023 5 Condensed Consolidated Statement of Changes in Stockholders' Deficit for the three months ended March 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8
– Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations 14
– Quantitative and Qualitative Disclosures About Market Risk
Item 3 – Quantitative and Qualitative Disclosures About Market Risk 21
– Controls and Procedures
Item 4 – Controls and Procedures 21
– Legal Proceedings
Item 1 – Legal Proceedings 22
– Risk Factors
Item 1A – Risk Factors 23
– Unregistered Sales of Equity Securities and Use of Proceeds
Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds 23
– Defaults upon Senior Securities
Item 3 – Defaults upon Senior Securities 23
– Mine Safety Disclosures
Item 4 – Mine Safety Disclosures 23
– Other Information
Item 5 – Other Information 23
– Exhibits
Item 6 – Exhibits 23 Exhibit Index 23
SIGNATURES
SIGNATURES 24 i WORLD HEALTH ENERGY HOLDINGS, INC. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2024 (UNAUDITED) 2 WORLD HEALTH ENERGY HOLDINGS, INC . CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2024 IN U.S. DOLLARS (UNAUDITED) TABLE OF CONTENTS Page CONDENSED CONSOLIDATED FINANCIAL STATEMENTS: Interim Condensed Consolidated Balance Sheets 4 Interim Condensed Consolidated Statements of Operations and Comprehensive Loss 5 Interim Condensed Consolidated Statements of Stockholders' Equity 6 Interim Condensed Consolidated Statements of Cash Flows 7 Notes to Interim condensed consolidated financial statements 8 - 13 3 WORLD HEALTH ENERGY HOLDINGS, INC . UNAUDITED CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (U.S. dollars except share and per share data) March 31, December 31, 2024 2023 Assets Current Assets Cash and cash equivalents 112,887 46,435 Accounts receivable, net of allowance for credit losses of $ 5,378 and $ 7,545 as of March 31, 2024 and December 31, 2023. respectively 51,080 51,011 Inventory 11,767 4,699 Other current assets 191,322 148,749 Total Current assets 367,056 250,894 Non-current assets Right-of-use asset 103,225 116,548 Long term prepaid expenses 25,122 25,496 Property and equipment, net 52,456 55,473 Funds in respect of employee rights upon termination 58,725 56,558 Intangible assets 9,693,958 9,693,958 Total non-current assets 9,933,486 9,948,033 Total assets 10,300,542 10,198,927 Liabilities and Stockholders' Deficit Current Liabilities Short term credit from related party 80,339 - Accounts payable 65,367 106,964 Short term operating lease liability 39,367 56,245 Other current liabilities 590,591 554,928 Total Current Liabilities 775,664 718,137 Non-current Liabilities Liability for employee rights upon retirement 224,519 217,617 Long term loan from parent company 2,012,3