OTC:WLSS
Welsis Corp.
A financially distressed shell company with no recorded revenue and substantial shareholder equity deficits trading on the OTC exchange.
Key Metrics
Investment Thesis
Bull Case
Speculative investors might consider WLSS only for a potential turnaround story or restructuring event where the current shell value could be reset, though this is highly theoretical given the lack of assets and negative equity.
Bear Case
Avoidance is strongly recommended as the stock represents a high-risk gamble with no revenue, negative shareholders' equity of -$150,331, and total liabilities significantly outpacing total assets, signaling a likely distressed or non-operational entity.
About Welsis Corp.
Welsis Corp. (WLSS) reports zero revenue and significant accumulated deficits on the OTC market, indicating a speculative entity with no current operational income streams or product offerings disclosed in recent filings.
Analysis
Management Discussion
Recent financial performance shows a net loss of $-0.1M in 2025 driven by operating expenses of $50,573 with no corresponding revenue, while cash flow from operations remains negative at -$49,947 indicating an inability to fund itself through sales.
Industry Overview
Welsis Corp. operates in a context where it has failed to establish a foothold in any traditional industry due to the absence of revenue streams and product offerings, effectively existing only as a balance sheet liability with minimal current assets.
Financial Statements
Income Statement
Balance Sheet
Cash Flow
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $15.9K | $2.0K | $0 |
| Cost of Revenue | $0 | $0 | $0 |
| Gross Profit | $15.9K | $2.0K | $0 |
| Operating Expenses | $57.0K | $59.9K | $50.6K |
| Operating Income | $-41.1K | $-57.9K | $-50.6K |
| G&A | $57.0K | $59.9K | $50.6K |
| Amortization | — | $8.0K | $0 |
| Other OpEx | $0 | $0 | $0 |
| Non-Operating Income | $0 | $0 | $0 |
| Interest Expense | — | $6.5K | $10.1K |
| Pre-Tax Income | $-41.1K | $-57.9K | $-50.6K |
| Income Tax | $0 | $-33.2K | $10.1K |
| Continuing Ops | $-41.1K | $-24.7K | $-60.7K |
| Discontinued Ops | $0 | $0 | $0 |
| Net Income | $-41.1K | $-24.7K | $-60.7K |
| Minority Interest | $0 | $0 | $0 |
| Net to Common | $-41.1K | $-24.7K | $-60.7K |
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Current Assets | $9.8K | $0 | $2.2K |
| Long-Term Assets | $23.3K | $0 | $0 |
| Intangibles | $23.3K | $0 | — |
| Other LT Assets | $0 | $0 | — |
| Total Assets | $33.2K | $0 | $2.2K |
| Current Liabilities | $111.1K | $71.7K | $84.6K |
| Accounts Payable | $75.5K | — | — |
| Other Current Liab | $35.6K | $57.1K | $63.2K |
| Long-Term Liabilities | $40.0K | $17.9K | $67.9K |
| Total Liabilities | $151.1K | $89.6K | $152.5K |
| Shareholders' Equity | $-118.0K | $-89.6K | $-150.3K |
| Paid-In Capital | $22.5K | $75.5K | $75.5K |
| Retained Earnings | $-140.8K | $-165.4K | $-226.1K |
| Total L&E | $33.2K | $0 | $2.2K |
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net Income (CFO) | $-41.1K | $-24.7K | $-60.7K |
| Non-Cash Adjustments | $0 | $-28.7K | $-4.3K |
| Working Capital Changes | $4.0K | $23.4K | $15.1K |
| Cash from Operations | $-37.1K | $-30.0K | $-49.9K |
| Cash from Investing | $-23.3K | $0 | $0 |
| Cash from Financing | $51.5K | $20.1K | $49.9K |
| FX Effect | $0 | $0 | $0 |
| Net Change in Cash | $-8.9K | $-9.8K | $0 |
| Beginning Cash | $18.7K | $9.8K | $0 |
| Ending Cash | $9.8K | $0 | $0 |
Frequently Asked Questions
How does Welsis Corp. make money?
The financial data reveals no identifiable business segments as reported revenue is $0.0M across 2023, 2024, and 2025, suggesting a lack of active commercial operations or product lines generating cash flow.
What are the main risks for WLSS?
The company faces extreme risk of insolvency with current liabilities of $84,608 exceeding current assets of $2,169, a severe deficit in retained earnings of over $226k, and zero revenue generation for the past three years.
What is WLSS's competitive advantage?
No competitive advantages can be identified given the company has generated zero gross profit and relies entirely on financing activities rather than operational income to sustain its balance sheet.
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Not financial advice. All content is for informational purposes only. Data may contain errors. Consult a qualified financial advisor before making investment decisions.