For the quarter ending 2026-03-31, WETH had $2,154,741 increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenues | -23,576,666 | - | - | - |
| Cost of revenues | -15,668,033 | - | - | - |
| Allowance for credit losses | 12 | - | - | - |
| Reversal of provision for obsolete inventory | -10,652 | - | - | - |
| Staff cost | -661,537 | - | - | - |
| Depreciation and amortization expense | -4,606 | - | - | - |
| Lease expense | -298,390 | - | - | - |
| Income tax expense | -1,740,322 | - | - | - |
| Other segment items | -1,522,735 | - | - | - |
| Net income | 3,866,306 | -171,232 | 2,527,192 | 2,241,828 |
| Impairment loss on construction in progress | - | 175,426 | - | - |
| Allowance for credit loss | 12 | -235,483 | 159,078 | 45,889 |
| (reversal) of provision for obsolete inventory | -4,012 | -43,611 | 97,892 | -65,976 |
| Depreciation | - | - | - | 2,486 |
| Depreciation and amortization | 9,020 | 8,748 | 13,626 | - |
| Amortization of operating right-of-use assets | 157,410 | 150,928 | 141,985 | 152,230 |
| Accounts receivable | 4,449,866 | -4,362,359 | 18,391 | -492,831 |
| Inventories | -20,719 | -46,368 | -272 | -68,715 |
| Prepaid expenses and other current assets | -75,316 | -178,692 | -535,862 | -353,279 |
| Deferred tax assets, net | -1,000 | -25,914 | 64,243 | -16,456 |
| Accounts payable | 188,450 | - | -203,998 | -125,054 |
| Long-term investment | - | 4,388,965 | - | - |
| Amounts due to related parties | 34,999 | -328,061 | -28,262 | 242,464 |
| (gain) on changes in fair value of common stock purchase warrants liability | - | 0 | 0 | - |
| Income tax payable | 1,198,125 | -938,045 | -166,770 | -434,268 |
| Loans from a third party | - | 0 | - | - |
| Accrued expenses and other current liabilities | -89,876 | -100,422 | 60,601 | -156,252 |
| Amortization of discounts and issuance cost of the notes | - | 0 | 0 | - |
| Operating lease liabilities | -159,050 | 155,244 | 761,032 | -152,217 |
| Net cash provided by operating activities | 519,501 | -1,095,749 | 3,810,919 | 2,636,672 |
| Purchase of property, plant and equipment | - | 322,304 | 0 | - |
| Net cash used in investing activities | - | -322,304 | 0 | - |
| Proceeds from issuance of common stock, net of issue costs | - | - | 0 | - |
| Effect of changes of foreign exchange rates on cash | 1,635,240 | 6,586,603 | -1,068,491 | 1,408,233 |
| Proceeds from advances from a related party | - | - | 0 | - |
| Proceeds from issuance of public offerings, net of expenses | - | 0 | - | - |
| Repayments of convertible promissory notes payable | - | 0 | 0 | - |
| Net cash provided by financing activities | - | 0 | 0 | - |
| Net increase in cash | 2,154,741 | 5,168,550 | 2,742,428 | 4,044,908 |
| Cash, beginning of period | 118,363,448 | 113,194,898 | 110,452,470 | 106,407,562 |
| Cash, end of period | 120,518,189 | 118,363,448 | 113,194,898 | 110,452,470 |
Wetouch Technology Inc. (WETH)
Wetouch Technology Inc. (WETH)