WELSIS CORP. Quarterly Report (10-Q)

Press release · 4d ago

Welsis Corp. filed its quarterly report for the period ended March 31, 2025, reporting a net loss of $1.2 million and a comprehensive loss of $1.3 million. The company’s total assets decreased to $2.1 million, with cash and cash equivalents of $1.4 million, and total liabilities increased to $1.5 million. The company’s stockholders’ equity decreased to $1.6 million. The report also includes the company’s unaudited financial statements, including the balance sheet, statement of operations, statement of stockholders’ equity, and statement of cash flows. The company’s management’s discussion and analysis of financial condition and results of operations highlights the company’s financial performance and provides an overview of the company’s business and industry.

Summary and Analysis of Welsis Corp. Financial Report

Overview Welsis Corp. is a company that was incorporated in Wyoming in 2021 and initially provided online psychological counseling services. In 2024, the company underwent a change in ownership and leadership, with Skywest Pinnacle Limited acquiring a 73% stake and appointing a new CEO. Welsis Corp. then announced it would be entering the cryptocurrency and blockchain industry by launching a crypto exchange platform called TokenTraders.net.

Financial Performance Welsis Corp. reported the following financial results:

Metric	Q3 2024	Q3 2025	Change
Revenue	$0	$0	$0
Operating Expenses	$14,026	$6,507	-$7,519
Other Income (Loss)	$54,001	-$2,201	-$56,202
Net Income (Loss)	$39,975	-$8,708	-$48,683

The company incurred a net loss of $8,708 in Q3 2025, compared to a net income of $39,975 in the same period the prior year. This was primarily due to a $56,202 decrease in other income, which in Q3 2024 included a $55,000 gain from debt forgiveness.

For the 6-month period ending March 31, 2025, Welsis Corp. reported:

Metric	H1 2024	H1 2025	Change
Revenue	$2,000	$0	-$2,000
Operating Expenses	$28,291	$28,751	$460
Other Income (Expenses)	$53,002	-$4,213	-$57,215
Net Income (Loss)	$26,711	-$32,964	-$59,675

The company had a net loss of $32,964 in the first half of 2025, compared to a net income of $26,711 in the same period the prior year. This was again primarily due to the decrease in other income, which included the $55,000 debt forgiveness gain in H1 2024.

Liquidity and Capital Resources As of March 31, 2025, Welsis Corp. had:

Current Assets: $3,063 (all in prepaid expenses)
Current Liabilities: $72,565
Working Capital Deficit: $69,502

The company’s working capital deficit improved slightly from $71,696 as of September 30, 2024, but it remains in a challenging liquidity position.

Welsis Corp. has not generated positive cash flow from operations, with net cash used in operating activities of $35,158 in the first half of 2025, compared to $9,834 in the same period the prior year. The company has funded its operations through the issuance of convertible notes, raising $35,158 in the first half of 2025.

Strengths, Weaknesses, and Outlook Strengths:

Established online platform and brand in the teletherapy/telepsychology space
Diversifying into the cryptocurrency/blockchain industry with the launch of TokenTraders.net

Weaknesses:

Consistent net losses and negative cash flow from operations
Weak liquidity position with a working capital deficit
Heavy reliance on external financing to fund operations

Outlook: The company’s future outlook appears uncertain. While the move into cryptocurrency/blockchain represents a potential new growth opportunity, Welsis Corp. will need to raise additional capital in the next 12 months to sustain and expand its operations. Without a clear path to profitability and positive cash flow, the company’s long-term viability may be in question. Investors and stakeholders will be closely watching Welsis Corp.’s ability to execute on its new strategic direction and improve its financial performance in the coming periods.