Welsis Corp. Narrows Q1 Loss to $10,020 Despite Zero Revenue
Welsis Corp. reported a net loss of $10,020 for the quarter ending December 31, 2025, a 59% improvement from the $24,256 loss in the year-ago period. The company generated no revenue for the fifth consecutive quarter.
Welsis Corp. narrowed its first-quarter loss to $10,020 for the three months ending December 31, 2025, down 59% from a loss of $24,256 in the same quarter last year. The company reported zero revenue in both periods. Read more earnings reports.
Operating expenses fell 69% to $6,793 from $22,244 a year earlier. Interest expense rose to $3,227 from $2,012, a 60% increase that partially offset the benefit of lower operating costs.
The company ended the quarter with total assets of $1,126, down from $2,169 at September 30, 2025. Total liabilities climbed to $161,477 from $152,500 at the prior quarter-end, pushing stockholders' deficit to negative $160,351 from negative $150,331.
Current liabilities stood at $83,060 as of December 31, down slightly from $84,608 three months earlier. The company held no cash at quarter-end, consistent with the prior period.
Cash used in operations totaled $10,525 in the quarter compared to $9,289 in the year-ago period. Cash from financing activities of $10,525 offset the operational outflow.
Retained deficit widened to $236,146 at December 31 from $226,126 at September 30. Common shares outstanding remained unchanged at 2,752,667.
| Metric | Q1 FY2026 | Q1 FY2025 |
|---|---|---|
| Revenue | $0 | $0 |
| Operating Expenses | $6,793 | $22,244 |
| Operating Loss | ($6,793) | ($22,244) |
| Interest Expense | $3,227 | $2,012 |
| Net Loss | ($10,020) | ($24,256) |
| Total Assets | $1,126 | — |
| Total Liabilities | $161,477 | — |
| Stockholders' Deficit | ($160,351) | ($113,897) |
The Wyoming-incorporated company filed as a non-accelerated filer and qualifies as a small business under securities regulations.