For the quarter ending 2025-09-30, WETH has $139,907,907 in assets. $4,741,190 in debts. $113,194,898 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Cash | 113,194,898 | 110,452,470 | 106,407,564 | 103,760,324 |
| Accounts receivable, net | 10,806,772 | 10,736,898 | 11,101,555 | 7,504,630 |
| Inventories | 46,878 | 145,664 | 146,625 | 112,327 |
| Prepaid expenses and other current assets | 1,127,278 | 1,824,544 | 2,167,153 | 2,762,580 |
| Total current assets | 125,175,826 | 123,159,576 | 119,822,897 | 114,139,861 |
| Subtotal | 13,465,350 | 13,058,137 | 12,890,607 | 12,815,375 |
| Accumulated depreciation | 38,578 | 38,010 | 35,045 | 32,378 |
| Property, plant and equipment, net | 13,426,772 | 13,020,127 | 12,855,562 | 12,782,997 |
| Land use right, net | 542,935 | - | - | - |
| Operating right-of-use assets | 666,003 | 813,516 | 952,398 | 1,055,208 |
| Deferred tax assets | 96,371 | 30,971 | 47,035 | 41,397 |
| Total assets | 139,907,907 | 137,024,190 | 133,677,892 | 128,019,463 |
| Accounts payable | 1,289,512 | 1,487,987 | 1,594,777 | 1,263,981 |
| Due to a related party-Related Party | 614,372 | 642,634 | 400,513 | 149,211 |
| Income tax payable | 699,178 | 866,798 | 1,290,822 | - |
| Accrued expenses and other current liabilities | 1,472,125 | 1,408,070 | 1,558,615 | 966,461 |
| Operating lease liabilities- current | 614,500 | 609,059 | 599,654 | 571,539 |
| Total current liabilities | 4,689,687 | 5,014,548 | 5,444,381 | 2,951,192 |
| Operating lease liabilities- non current | 51,503 | 204,458 | 352,744 | 482,606 |
| Total liabilities | 4,741,190 | 5,219,006 | 5,797,125 | 3,433,798 |
| Common stock, 0.001 par value, 15,000,000 shares authorized, 11,931,534 and 11,931,534 issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 11,932 | 11,932 | 11,932 | 11,932 |
| Additional paid in capital | 52,501,680 | 52,501,680 | 52,501,680 | 52,501,680 |
| Statutory reserve | 8,073,968 | 8,073,968 | 8,073,968 | 8,073,968 |
| Retained earnings | 81,961,116 | 79,433,924 | 77,192,096 | 74,629,374 |
| Accumulated other comprehensive loss | -7,381,979 | -8,216,320 | -9,898,909 | -10,631,289 |
| Total stockholders equity | 135,166,717 | 131,805,184 | 127,880,767 | 124,585,665 |
| Total liabilities and stockholders equity | 139,907,907 | 137,024,190 | 133,677,892 | 128,019,463 |
Wetouch Technology Inc. (WETH)
Wetouch Technology Inc. (WETH)