For the quarter ending 2025-09-30, WETH had $2,742,428 increase in cash & cash equivalents over the period. $3,810,919 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Allowance for credit loss | - | 150 | 45,739 | 44,862 |
| Provision for obsolete inventory | 97,892 | -65,976 | -25,276 | 54,873 |
| Depreciation | - | 2,486 | 2,471 | 9,805 |
| Depreciation and amortization | 13,626 | - | - | - |
| Amortization of operating right-of-use assets | 141,985 | 152,230 | 156,014 | 98,387 |
| Accounts receivable | 18,391 | -492,831 | 3,545,017 | 256,681 |
| Inventories | -272 | -68,715 | 8,289 | -50,328 |
| Prepaid expenses and other current assets | -535,862 | -353,279 | -554,764 | 1,771,602 |
| Deferred tax assets | 64,243 | -16,456 | 5,383 | 41,993 |
| Accounts payable | -203,998 | -125,054 | 322,661 | 649,915 |
| Loans from a third party | - | - | - | 135,000 |
| Amounts due to related parties | -28,262 | 242,464 | 250,959 | 149,211 |
| Income tax payable | -166,770 | -434,268 | 1,290,429 | - |
| Accrued expenses and other current liabilities | 60,601 | -156,252 | 589,309 | -3,343,142 |
| Operating lease liabilities | 761,032 | -152,217 | -151,375 | -98,387 |
| Allowance for credit losses | 204,967 | - | - | - |
| (gain) loss on changes in fair value of common stock purchase warrants liability | - | - | - | 378,371 |
| Net income | 2,527,192 | 2,241,828 | 2,562,722 | 6,031,158 |
| Gain on changes in fair value of common stock purchase warrants liability | 0 | - | - | - |
| Amortization of discounts and issuance cost of the notes | 0 | - | - | 5,715 |
| Net cash provided by (used in) operating activities | 3,810,919 | 2,636,672 | 2,039,728 | 1,069,078 |
| Effect of changes of foreign exchange rates on cash | -1,068,491 | 1,408,233 | 607,513 | -2,666,482 |
| Purchase of property, plant and equipment | 0 | - | - | 271,830 |
| Net cash used in investing activity | 0 | - | - | -271,830 |
| Proceeds from issuance of common stock, net of issue costs | 0 | - | - | 8,989,754 |
| Proceeds from advances from a related party | 0 | - | - | - |
| Repayments of convertible promissory notes payable | 0 | - | - | -1,400,750 |
| Net cash provided by financing activities | 0 | - | - | 7,589,004 |
| Net increase in cash | 2,742,428 | 4,044,908 | 2,647,238 | 5,719,770 |
| Cash and cash equivalents at beginning of period | 110,452,470 | 106,407,562 | 103,760,324 | - |
| Cash and cash equivalents at end of period | 113,194,898 | 110,452,470 | 106,407,562 | - |
Wetouch Technology Inc. (WETH)
Wetouch Technology Inc. (WETH)