WETOUCH TECHNOLOGY INC.: 10-Q filed 2022-08-15
What WETOUCH TECHNOLOGY INC. reported in its quarterly report filed 2022-08-15 (fiscal Q2 2022): 41 published measures, 117 facts as tagged in accession 0001493152-22-022717.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2022-08-15
- Fiscal period
- fiscal Q2 2022
- Accession
- 0001493152-22-022717 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All WETOUCH TECHNOLOGY INC. filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 73,428,728 | USD | |
| At 2021-12-31 | 68,678,318 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 7,030,086 | USD | |
| At 2021-12-31 | 4,370,310 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 66,398,642 | USD | |
| At 2022-03-31 | 67,250,715 | USD | |
| At 2021-12-31 | 64,308,008 | USD | |
| At 2021-06-30 | 61,463,817 | USD | |
| At 2021-03-31 | 55,586,938 | USD | |
| At 2020-12-31 | 44,353,782 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 45,145,800 | USD | |
| At 2021-12-31 | 46,163,704 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 2,930,705 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 5,493,218 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 5,067,100 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 13,428,349 | USD | 181 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 1,498,745 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 11,153,435 | USD | 181 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 11,752,934 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 23,747,481 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 15,234,885 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 25,948,189 | USD | 181 |
Contract revenue excluding tax
Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 11,752,934 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 23,747,481 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 15,234,885 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 25,850,636 | USD | 181 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | 17,759,514 | USD | 181 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 60,103,382 | USD | |
| At 2021-12-31 | 54,610,164 | USD |
Basic weighted-average shares
Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 31,991,065 | shares | 91 |
| 2022-01-01 to 2022-06-30 | 32,078,536 | shares | 181 |
| 2021-04-01 to 2021-06-30 | 31,811,523 | shares | 91 |
| 2021-01-01 to 2021-06-30 | 31,811,523 | shares | 181 |
Diluted weighted-average shares
Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 32,605,193 | shares | 91 |
| 2022-01-01 to 2022-06-30 | 32,692,664 | shares | 181 |
| 2021-04-01 to 2021-06-30 | 32,653,163 | shares | 91 |
| 2021-01-01 to 2021-06-30 | 32,653,163 | shares | 181 |
Basic earnings per share
Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 0.09 | USD/shares | 91 |
| 2022-01-01 to 2022-06-30 | 0.17 | USD/shares | 181 |
| 2021-04-01 to 2021-06-30 | 0.2 | USD/shares | 91 |
| 2021-01-01 to 2021-06-30 | 0.42 | USD/shares | 181 |
Diluted earnings per share
Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 0.09 | USD/shares | 91 |
| 2022-01-01 to 2022-06-30 | 0.17 | USD/shares | 181 |
| 2021-04-01 to 2021-06-30 | 0.2 | USD/shares | 91 |
| 2021-01-01 to 2021-06-30 | 0.42 | USD/shares | 181 |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 1,158,653 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 2,159,958 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 1,887,339 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 3,238,952 | USD | 181 |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 11,253,282 | USD | |
| At 2021-12-31 | 11,833,302 | USD |
Share-based compensation expense
Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2021-01-01 to 2021-06-30 | 3,149,106 | USD | 181 |
Operating income or loss
Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 4,054,039 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 7,484,452 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 6,939,835 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 8,313,808 | USD | 181 |
Current assets
Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 62,175,446 | USD | |
| At 2021-12-31 | 56,845,016 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 57,391 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 113,563 | USD | 181 |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 6,124,102 | USD | |
| At 2021-12-31 | 3,241,675 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 2,103,972 | USD | |
| At 2021-12-31 | 800,586 | USD |
Net current accounts receivable
Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 15,290,559 | USD | |
| At 2021-12-31 | 7,991,037 | USD |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 996,960 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 1,877,302 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 960,328 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 4,727,853 | USD | 181 |
Net inventory
Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 506,684 | USD | |
| At 2021-12-31 | 244,381 | USD |
Gross profit
Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 5,050,999 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 9,361,754 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 7,900,163 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 13,041,661 | USD | 181 |
Cost of revenue
Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 6,701,935 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 14,385,727 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 7,334,722 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 12,906,528 | USD | 181 |
Research and development expense
Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 21,713 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 44,570 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 22,588 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 44,768 | USD | 181 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 32,039,035 | shares | |
| At 2021-12-31 | 31,811,523 | shares |
Accumulated other comprehensive income or loss
Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | -1,137,416 | USD | |
| At 2021-12-31 | 2,265,168 | USD |
Gross property, plant and equipment
Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 11,263,121 | USD | |
| At 2021-12-31 | 11,838,419 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 9,838 | USD | |
| At 2021-12-31 | 5,117 | USD |
Prepaid expenses and other current assets
Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 1,232,403 | USD | |
| At 2021-12-31 | 2,445,894 | USD |
Pre-tax income or loss from continuing operations
Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 4,089,358 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 7,653,176 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 6,954,439 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 16,667,301 | USD | 181 |
General and administrative expense
General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 443,146 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 815,484 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 812,166 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 1,320,582 | USD | 181 |
Depreciation expense
Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 7,216 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 9,838 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 260,943 | USD | 181 |
Nonoperating income or expense
Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 35,319 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 168,724 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 14,604 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 8,353,493 | USD | 181 |
Income taxes paid, net
Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 1,045,215 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 1,521,333 | USD | 181 |
Change in accounts receivable
The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 7,727,876 | USD | 181 |
| 2021-01-01 to 2021-06-30 | -1,286,124 | USD | 181 |
Change in inventories
The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 276,717 | USD | 181 |
| 2021-01-01 to 2021-06-30 | -89,850 | USD | 181 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 1,365,543 | USD | 181 |
| 2021-01-01 to 2021-06-30 | -186,330 | USD | 181 |
Inspect the source
- Entity
- WETOUCH TECHNOLOGY INC. / CIK 0001826660
- Captured
- 2026-09-21T17:35:48.327Z
- SEC response SHA-256
dfc83427e1fa2abe425fb79ea62d7446e638f2df8d54fbb3de37507e59c718d1
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.
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import json
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with urlopen("https://canlicapital.com/company-data/0001826660.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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