Welsis Corp. Files Q1 2025 10-Q

TL;DR

Welsis Corp. Q1 2025 10-Q filed. Financials updated.

AI Summary

Welsis Corp. filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of fiscal year 2025. Key financial data points such as retained earnings and additional paid-in capital as of December 31, 2024, are included. The company's fiscal year ends on September 30.

Why It Matters

This filing provides investors with an update on Welsis Corp.'s financial performance and position for the first quarter of its fiscal year 2025, allowing for assessment of recent business trends.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information.

Key Numbers

• 75000000 — Total Assets (Reported for the period ending 2024-12-31)
• 2752667 — Net Income (Reported for the three months ended 2024-12-31)

Key Players & Entities

• Welsis Corp. (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of reporting period
• 20250206 (date) — Filing date
• 0930 (date) — Fiscal year end

FAQ

Key Financial Figures

• $24,256 — 2 ) The Company incurred net loss of $24,256 during the three months ended December
• $13,264 — ber 31, 2024 as compared to net loss of $13,264 during the three months ended December
• $4,106 — 024, our Company had prepaid expense of $4,106. As of September 30, 2024, our Company
• $71,696 — Our current liabilities increased from $71,696 as of September 30, 2024 to $90,769 as
• $90,769 — rom $71,696 as of September 30, 2024 to $90,769 as of December 31, 2024 mainly due to t
• $86,663 — any had a working capital deficiency of $86,663 compared with a working capital deficie
• $9,289 — t cash used in operating activities was $9,289 and $8,466, respectively. Cash flows u
• $8,466 — in operating activities was $9,289 and $8,466, respectively. Cash flows used in oper

Filing Documents

• welsis_10q.htm (10-Q) — 306KB
• welsis_ex311.htm (EX-31.1) — 10KB
• welsis_ex321.htm (EX-32.1) — 5KB
• 0001640334-25-000196.txt ( ) — 1557KB
• welsis-20241231.xsd (EX-101.SCH) — 18KB
• welsis-20241231_lab.xml (EX-101.LAB) — 106KB
• welsis-20241231_cal.xml (EX-101.CAL) — 22KB
• welsis-20241231_pre.xml (EX-101.PRE) — 81KB
• welsis-20241231_def.xml (EX-101.DEF) — 21KB
• welsis_10q_htm.xml (XML) — 114KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Balance Sheet 3 4 5 6 Notes to the Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 14 Item 4.

Controls and Procedures

Controls and Procedures 14 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 15 Item 3. Defaults Upon Senior Securities 15 Item 4. Mine Safety Disclosures 15 Item 5. Other Information 15 Item 6. Exhibits 15

Signatures

Signatures 16 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) Balance Sheets December 31, September 30, 2024 2024 (Unaudited) (Audited) ASSETS Current Assets Prepaid Expense $ 4,106 $ - Total Current Assets 4,106 - TOTAL ASSETS $ 4,106 $ - LIABILITIES AND SHAREHOLDERS' DEFICIT Current Liabilities Accounts payable and accrued liabilities $ 33,980 $ 16,919 Accrued interest 16,789 14,777 Note payable 40,000 40,000 Total Current Liabilities 90,769 71,696 Long term liabilities Convertible note payable 27,234 17,945 Total Long-term liabilities 27,234 17,945 TOTAL LIABILITIES 118,003 89,641 SHAREHOLDERS' DEFICIT Common stock: 75,000,000 shares authorized; $ 0.0001 par value 2,752,667 shares issued and outstanding 276 276 Additional paid in capital 75,519 75,519 Accumulated deficit ( 189,692 ) ( 165,436 ) TOTAL SHAREHOLDERS' DEFICIT ( 113,897 ) ( 89,641 ) TOTAL LIABILITIES & SHAREHOLDERS' DEFICIT $ 4,106 $ - The accompanying notes are an integral part of these unaudited condensed financial statements 3 Table of Contents WELSIS CORP. (Unaudited) Three Months Ended December 31, 2024 2023 REVENUE $ - $ 2,000 GROSS PROFIT - 2,000 OPERATING EXPENSES General and administrative expense $ 22,244 $ 14,265 Total operating expenses 22,244 14,265 Loss from Operations ( 22,244 ) ( 12,265 ) OTHER EXPENSE Interest expense ( 2,012 ) ( 999 ) Total other income expense ( 2,012 ) ( 999 ) NET LOS $ ( 24,256 ) $ ( 13,264 ) NET LOSS PER SHARE, BASIC AND DILUTED $ ( 0.01 ) $ ( 0.00 ) WEIGHTED AVERAGE SHARES OUTSTANDING, BASIC AND DILUTED 2,752,667 2,752,667 The accompanying notes are an integral part of these unaudited condensed financial statements 4 Table of Contents WELSIS CORP. (Unaudited) Three Months Ended December 31, 2024 Additional Total Common Stoc

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

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS General Overview Welsis Corp. (the "Company") was incorporated in the State of Wyoming and established on August 16, 2021. We were a development stage startup company provided an online psychological help services, which are also known as teletherapy or telepsychology services. We purchased the telehealth platform, delivering on-demand professional psychological consultations anytime, anywhere, via mobile devices, the internet, video and phone calls. Our solution connects consumers with our board-certified specialists. We provided counseling and psychological services for adolescents (from 14 years) and adults, for men and women, therapy for individuals, couples and families. O

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