WETOUCH TECHNOLOGY INC.: 10-Q filed 2023-08-16
What WETOUCH TECHNOLOGY INC. reported in its quarterly report filed 2023-08-16 (fiscal Q2 2023): 39 published measures, 115 facts as tagged in accession 0001493152-23-029053.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2023-08-16
- Fiscal period
- fiscal Q2 2023
- Accession
- 0001493152-23-029053 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 2023-06-30 | 117,789,704 | USD | |
| At 2022-12-31 | 73,105,752 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-06-30 | 8,375,212 | USD | |
| At 2022-12-31 | 4,271,565 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2023-06-30 | 109,414,492 | USD | |
| At 2023-03-31 | 110,946,460 | USD | |
| At 2022-12-31 | 68,834,187 | USD | |
| At 2022-06-30 | 66,398,642 | USD | |
| At 2022-03-31 | 67,250,715 | USD | |
| At 2021-12-31 | 64,308,008 | 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 2023-06-30 | 92,214,861 | USD | |
| At 2022-12-31 | 51,250,505 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 4,672,983 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 7,466,232 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 2,930,705 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 5,493,218 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 6,758,708 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 1,498,745 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 12,774,432 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 26,207,893 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 11,752,934 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 23,747,481 | USD | 181 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 40,047,145 | 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 2023-06-30 | 69,833,124 | USD | |
| At 2022-12-31 | 62,366,892 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 193,654,416 | shares | 91 |
| 2023-01-01 to 2023-06-30 | 176,834,247 | shares | 181 |
| 2022-04-01 to 2022-06-30 | 31,991,065 | shares | 91 |
| 2022-01-01 to 2022-06-30 | 32,078,536 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 195,586,979 | shares | 91 |
| 2023-01-01 to 2023-06-30 | 180,699,373 | shares | 181 |
| 2022-04-01 to 2022-06-30 | 32,605,193 | shares | 91 |
| 2022-01-01 to 2022-06-30 | 32,692,664 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 0.02 | USD/shares | 91 |
| 2023-01-01 to 2023-06-30 | 0.04 | USD/shares | 181 |
| 2022-04-01 to 2022-06-30 | 0.09 | USD/shares | 91 |
| 2022-01-01 to 2022-06-30 | 0.17 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 0.02 | USD/shares | 91 |
| 2023-01-01 to 2023-06-30 | 0.04 | USD/shares | 181 |
| 2022-04-01 to 2022-06-30 | 0.09 | USD/shares | 91 |
| 2022-01-01 to 2022-06-30 | 0.17 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 1,556,095 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 2,961,494 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 1,158,653 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 2,159,958 | 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 2023-06-30 | 10,385,590 | USD | |
| At 2022-12-31 | 10,923,610 | USD |
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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 6,094,766 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 10,395,220 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 4,054,039 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 7,484,452 | 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 2023-06-30 | 107,404,114 | USD | |
| At 2022-12-31 | 62,182,142 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 38,108 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 71,507 | USD | 181 |
| 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 2023-06-30 | 8,163,038 | USD | |
| At 2022-12-31 | 4,014,608 | 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 2023-06-30 | 2,369,245 | USD | |
| At 2022-12-31 | 1,383,094 | 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 2023-06-30 | 13,963,453 | USD | |
| At 2022-12-31 | 9,057,741 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 158,651 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 1,896,997 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 996,960 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 1,877,302 | 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 2023-06-30 | 170,356 | USD | |
| At 2022-12-31 | 423,276 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 6,253,417 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 12,292,217 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 5,050,999 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 9,361,754 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 6,521,015 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 13,915,676 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 6,701,935 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 14,385,727 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 20,384 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 41,269 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 21,713 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 44,570 | 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 2023-06-30 | 193,904,965 | shares | |
| At 2022-12-31 | 33,604,965 | 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 2023-06-30 | -9,863,451 | USD | |
| At 2022-12-31 | -2,977,524 | 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 2023-06-30 | 10,403,860 | USD | |
| At 2022-12-31 | 10,937,991 | 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 2023-06-30 | 18,270 | USD | |
| At 2022-12-31 | 14,381 | 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 2023-06-30 | 1,054,421 | USD | |
| At 2022-12-31 | 1,450,620 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 6,229,078 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 10,427,726 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 4,089,358 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 7,653,176 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 56,907 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 1,723,663 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 443,146 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 815,484 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 2,372 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 4,805 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 7,216 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 9,838 | 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 |
|---|---|---|---|
| 2023-04-01 to 2023-06-30 | 134,312 | USD | 91 |
| 2023-01-01 to 2023-06-30 | 32,506 | USD | 181 |
| 2022-04-01 to 2022-06-30 | 35,319 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 168,724 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 2,961,494 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 1,045,215 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 5,597,334 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 7,727,876 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | -239,546 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 276,717 | 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 |
|---|---|---|---|
| 2023-01-01 to 2023-06-30 | 1,102,812 | USD | 181 |
| 2022-01-01 to 2022-06-30 | 1,365,543 | 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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Use this in research
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Read the published dataset with Python
import json
from urllib.request import urlopen
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"]:
print(concept["tag"], next(iter(concept["observations"])))