For the quarter ending 2026-03-31, WETH has $147,289,706 in assets. $4,116,768 in debts. $120,518,189 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 120,518,189 | 118,363,448 | 113,194,898 | 110,452,470 |
| Accounts receivable, net | 11,059,940 | 6,505,038 | 10,806,772 | 10,736,898 |
| Inventories | 29,060 | 45,202 | 46,878 | 145,664 |
| Prepaid expenses and other current assets | 1,116,411 | 1,189,616 | 1,127,278 | 1,824,544 |
| Total current assets | 132,723,600 | 126,103,304 | 125,175,826 | 123,159,576 |
| Sub total | 9,048,639 | 8,925,585 | 13,465,350 | 13,058,137 |
| Less accumulated depreciation | 40,497 | 39,609 | 38,578 | 38,010 |
| Property, plant and equipment, net | 9,008,142 | 8,885,976 | 13,426,772 | 13,020,127 |
| Land use right, net | 542,910 | 544,118 | 542,935 | - |
| Operating right-of-use assets | 370,689 | 521,454 | 666,003 | 813,516 |
| Deferred tax assets, net | 71,201 | 71,223 | 96,371 | 30,971 |
| Long-term prepayment | 4,573,164 | 4,510,973 | - | - |
| Total assets | 147,289,706 | 140,637,048 | 139,907,907 | 137,024,190 |
| Accounts payable | 937,337 | 1,063,759 | 1,289,512 | 1,487,987 |
| Due to a related party | 321,310 | 286,311 | 614,372 | 642,634 |
| Income tax payable | 1,202,262 | - | 699,178 | 866,798 |
| Accrued expenses and other current liabilities | 1,285,170 | 1,372,047 | 1,472,125 | 1,408,070 |
| Operating lease liabilities | 370,689 | 521,454 | 614,500 | 609,059 |
| Total current liabilities | 4,116,768 | 3,243,571 | 4,689,687 | 5,014,548 |
| Operating lease liabilities- non current | - | - | 51,503 | 204,458 |
| Total liabilities | 4,116,768 | 3,243,571 | 4,741,190 | 5,219,006 |
| Common stock, 0.001 par value, 65,000,000 shares authorized, 11,931,534 and 11,931,534 issued and outstanding as of march 31, 2026 and december 31, 2025, 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 | 85,656,190 | 81,789,884 | 81,961,116 | 79,433,924 |
| Accumulated other comprehensive loss | -3,070,832 | -4,983,987 | -7,381,979 | -8,216,320 |
| Total stockholders equity | 143,172,938 | 137,393,477 | 135,166,717 | 131,805,184 |
| Total liabilities and stockholders equity | 147,289,706 | 140,637,048 | 139,907,907 | 137,024,190 |
Wetouch Technology Inc. (WETH)
Wetouch Technology Inc. (WETH)