WORLD HEALTH ENERGY Faces Going Concern Doubt Amid Mounting Losses

TL;DR

**WHEN is a ticking time bomb; get out now before it runs out of cash next month.**

AI Summary

WORLD HEALTH ENERGY HOLDINGS, INC. (WHEN) reported a net loss of $2,614,850 for the nine months ended September 30, 2025, a decrease from the $3,596,278 net loss in the same period of 2024. Revenues increased to $169,825 for the nine months ended September 30, 2025, up from $123,173 in 2024, but gross profit turned into a loss of $112,043 from a profit of $36,641. The company used $915,201 in net cash from operating activities during the nine months ended September 30, 2025, and had only $125,000 in unrestricted cash and cash equivalents as of September 30, 2025. WHEN's accumulated deficit reached $30,122,000, and management projects existing cash will only fund operations until November 2025, raising substantial doubt about its ability to continue as a going concern. Strategic outlook involves securing additional financing through equity sales or partnerships, with a significant risk of ceasing operations if unsuccessful. The company also faces geopolitical risks from the Israel-Hamas war, potentially impacting its Israeli-based subsidiary RNA Ltd.

Why It Matters

This filing reveals a company teetering on the brink, with only enough cash to last until November 2025. For investors, this signals extreme risk, as the potential for a complete loss of investment is high if additional financing isn't secured. Employees, particularly those at the Israeli subsidiary RNA Ltd., face job insecurity due to both financial instability and geopolitical conflict. Customers of CrossMobile Sp z o.o. in Poland and Europe might experience service disruptions if the company ceases operations. In a competitive telecom and cybersecurity market, WHEN's inability to generate significant revenue and its reliance on external funding make it a vulnerable player, unlikely to compete effectively against better-capitalized rivals.

Risk Assessment

Risk Level: high — The company explicitly states "substantial doubt regarding the Company's ability to continue as a going concern" and projects its existing cash of $125,254 will only fund operations until November 2025. It incurred a net loss of $2,614,850 and used $915,201 in cash from operations during the nine months ended September 30, 2025, with an accumulated deficit of $30,122,260.

Analyst Insight

Investors should immediately divest any holdings in WORLD HEALTH ENERGY HOLDINGS, INC. (WHEN). The company's dire financial position, with cash projected to run out in November 2025 and an explicit going concern warning, indicates an extremely high risk of total capital loss. Do not attempt to 'buy the dip' as the fundamental business model is unsustainable without immediate, significant, and uncertain external financing.

Financial Highlights

debt To Equity

N/A

revenue

$169,825

operating Margin

N/A

total Assets

N/A

total Debt

N/A

net Income

-$2,614,850

eps

N/A

gross Margin

-65.9%

cash Position

$125,254

revenue Growth

37.9%

Key Numbers

• $2,614,850 — Net loss (for the nine months ended September 30, 2025, indicating continued unprofitability)
• $915,201 — Net cash used in operating activities (for the nine months ended September 30, 2025, highlighting cash burn)
• $125,254 — Cash and cash equivalents (as of September 30, 2025, insufficient to sustain operations beyond November 2025)
• $30,122,260 — Accumulated deficit (as of September 30, 2025, reflecting significant historical losses)
• $169,825 — Revenues (for the nine months ended September 30, 2025, showing minimal sales)
• 550,834,347,495 — Shares of common stock outstanding (as of November 19, 2025, indicating extreme share dilution)
• $112,043 — Gross loss (for the nine months ended September 30, 2025, a deterioration from a gross profit in the prior year)
• November 2025 — Projected cash runway (management's estimate for how long existing cash will fund operations)

Key Players & Entities

• WORLD HEALTH ENERGY HOLDINGS, INC. (company) — registrant
• RNA Ltd. (company) — wholly owned Israeli based subsidiary
• CrossMobile Sp z o.o. (company) — majority owned Polish based subsidiary
• Hamas (person) — terrorist organization
• Hezbollah (person) — terrorist organization based in Lebanon
• Iran (person) — country involved in regional conflict
• FINRA (regulator) — Financial Industry Regulatory Authority
• Assad regime (person) — former Syrian government
• SG 77 Inc. (company) — Delaware corporation, wholly-owned subsidiary of UCG
• UCG (company) — parent company of SG 77 Inc.

FAQ

Risk Factors

• Going Concern Uncertainty [high — financial]: The company has a projected cash runway only until November 2025, with $125,254 in unrestricted cash and cash equivalents as of September 30, 2025. This, coupled with an accumulated deficit of $30,122,260, raises substantial doubt about its ability to continue as a going concern.
• Deteriorating Gross Profitability [high — financial]: Gross profit turned into a loss of $112,043 for the nine months ended September 30, 2025, a significant deterioration from a gross profit of $36,641 in the same period of 2024, indicating rising cost of goods sold relative to revenue.
• Negative Operating Cash Flow [high — financial]: The company used $915,201 in net cash from operating activities for the nine months ended September 30, 2025. This consistent cash burn exacerbates the liquidity concerns.
• Need for Additional Financing [high — financial]: Management's strategic outlook relies on securing additional financing through equity sales or partnerships. Failure to do so carries a significant risk of ceasing operations.
• Geopolitical Instability [medium — market]: The ongoing Israel-Hamas war poses a risk to the company's Israeli-based subsidiary, RNA Ltd., potentially disrupting operations and impacting financial performance.
• Extreme Share Dilution [medium — financial]: As of November 19, 2025, there were 550,834,347,495 shares of common stock outstanding. This indicates a history of significant equity issuance, potentially diluting existing shareholders' value.

Industry Context

The energy sector is capital-intensive and subject to volatile commodity prices and geopolitical influences. Companies like WHEN, potentially operating in niche or emerging areas, face intense competition and the need for continuous innovation and significant investment. Regulatory changes and global economic conditions heavily impact market demand and operational costs.

Regulatory Implications

While the provided text doesn't detail specific regulatory hurdles, companies in the energy sector are subject to environmental, safety, and financial reporting regulations. Compliance with these can be costly and complex, especially for a company with limited resources.

What Investors Should Do

1. Monitor closely for any announcements regarding new financing rounds or strategic partnerships, as these are critical for the company's survival.
2. Evaluate the feasibility and terms of any proposed equity sales, considering the potential for further dilution given the current share count.
3. Assess the impact of geopolitical risks on RNA Ltd. and the company's overall operational stability.
4. Analyze the sustainability of revenue growth against the increasing cost of goods sold, as indicated by the gross loss.

Key Dates

• 2025-09-30: Nine months ended September 30, 2025 — Reported a net loss of $2,614,850 and used $915,201 in operating cash flow, with only $125,254 in cash remaining.
• 2025-11-01: Projected cash runway end — Management estimates existing cash will only fund operations until November 2025, highlighting immediate liquidity concerns.

Glossary

Accumulated deficit

The total net losses of a company since its inception that have not been offset by profits. (WHEN's accumulated deficit of $30,122,260 reflects significant historical unprofitability and a substantial need for future earnings.)

Going concern

A business's ability to continue operating for the foreseeable future without the threat of liquidation. (Management's projection of cash runway until November 2025 raises substantial doubt about WHEN's ability to continue as a going concern.)

Cash runway

The amount of time a company can continue to operate before it runs out of cash, based on its current burn rate. (WHEN's projected cash runway of only until November 2025 is a critical indicator of its immediate financial distress.)

Gross profit (loss)

Revenue minus the cost of goods sold. (WHEN's shift from a gross profit of $36,641 to a gross loss of $112,043 indicates a worsening cost structure relative to its sales.)

Year-Over-Year Comparison

For the nine months ended September 30, 2025, WHEN reported a net loss of $2,614,850, an improvement from the $3,596,278 net loss in the prior year period. Revenues increased by 37.9% to $169,825 from $123,173. However, gross profit deteriorated significantly, turning into a loss of $112,043 from a profit of $36,641, indicating a worsening cost structure. Operating cash burn increased to $915,201 from an unspecified amount in the prior year, and cash reserves are critically low, projecting a runway only until November 2025.

Filing Documents

• form10-q.htm (10-Q) — 1137KB
• ex31-1.htm (EX-31.1) — 12KB
• ex32-1.htm (EX-32.1) — 7KB
• form10-q_001.jpg (GRAPHIC) — 32KB
• 0001493152-25-024256.txt ( ) — 4351KB
• when-20250930.xsd (EX-101.SCH) — 24KB
• when-20250930_cal.xml (EX-101.CAL) — 46KB
• when-20250930_def.xml (EX-101.DEF) — 102KB
• when-20250930_lab.xml (EX-101.LAB) — 286KB
• when-20250930_pre.xml (EX-101.PRE) — 214KB
• form10-q_htm.xml (XML) — 541KB

– Financial Statements – Unaudited

Item 1 – Financial Statements – Unaudited 1 Condensed Interim Consolidated Balance Sheets – September 30, 2025 and December 31, 2024 2 Condensed Interim Consolidated Statements of Comprehensive loss for the three and nine months ended September 30, 2025 and 2024 3 Condensed Interim Consolidated Statement of Changes in Stockholders' Deficit for the three and nine months ended September 30, 2025 and 2024 4 Condensed Interim Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2023 6 Notes to Condensed Consolidated Financial Statements 7

– 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 24

– Controls and Procedures

Item 4 – Controls and Procedures 24

– Legal Proceedings

Item 1 – Legal Proceedings 25

– Risk Factors

Item 1A – Risk Factors 26

– Unregistered Sales of Equity Securities and Use of Proceeds

Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds 26

– Defaults upon Senior Securities

Item 3 – Defaults upon Senior Securities 26

– Mine Safety Disclosures

Item 4 – Mine Safety Disclosures 26

– Other Information

Item 5 – Other Information 26

– Exhibits

Item 6 – Exhibits 26 Exhibit Index 26

SIGNATURES

SIGNATURES 27 i WORLD HEALTH ENERGY HOLDINGS, INC. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2025 (UNAUDITED) 1 WORLD HEALTH ENERGY HOLDINGS, INC. CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS (U.S. dollars except share and per share data) September 30, December 31, 2025 2024 Assets Current Assets Cash and cash equivalents 125,254 63,188 Restricted cash 156 Accounts receivable, net of allowance for credit losses of $ 3,185 and $ 2,832 as of September 30, 2025 and December 31, 2024. Respectively 38,015 27,668 Inventory 8,824 17,605 Other current assets 189,170 188,071 Total Current assets 361,419 296,532 Non-current assets Operating lease right-of-use asset 30,807 94,471 Long term prepaid expenses 17,646 25,356 Property and equipment, net 35,060 43,146 Funds in respect of employee rights upon termination 53,840 53,840 Investment in non-consolidated entity (Note 3) 911,379 911,379 Intangible assets 9,693,958 14,693,958 Total non-current assets 10,742,690 15,822,150 Total assets 11,104,109 16,118,682 Liabilities and Stockholders' Deficit Current Liabilities Short term credit 333,130 397,567 Accounts payable 211,223 109,649 Short term operating lease liability 32,454 82,054 Other current liabilities 807,656 675,124 Total Current Liabilities 1,384,463 1,264,394 Non-current Liabilities Liability for employee rights upon retirement 290,998 218,130 Long term loan from parent company 2,753,080 2,646,135 Long term operating lease liability - 6,839 Fair value of commitment to issue shares (Note 3) 894,147 439,690 Deferred tax liability 872,456 872,456 Total non-current liabilities 4,810,681 4,183,250 Total liabilities 6,195,144 5,447,644 Redeemable shares (Note 4) - 5,000,000 Stockholders' Deficit (Note 5) Series A preferred stock $ 0.0007 par value, 10,000,000 shares authorized, 5,000,000 shares issued and ou

View Full Filing

View this 10-Q filing on SEC EDGAR