Welsis Corp. Reports Increased Net Loss and Revenue Drop, Shifts Focus to Cryptocurrency

Welsis Corp. reported a net loss of $60,690 for the fiscal year ending September 30, 2025, a significant increase from the net loss of $24,683 recorded in the previous year. The company's revenue dropped to zero from $2,000 in 2024, reflecting a complete cessation of its teletherapy services. Operating expenses decreased to $50,573 from $59,898, primarily due to reduced administrative costs. The company also experienced a substantial decline in other income, which fell from $33,215 in 2024 to an expense of $10,117 in 2025, largely due to the absence of prior gains from debt forgiveness.

In terms of liquidity, Welsis Corp. reported current assets of $2,169 as of September 30, 2025, compared to no assets the previous year. However, current liabilities increased to $84,608 from $71,696, resulting in a working capital deficiency of $82,439, up from $71,696 in 2024. The increase in liabilities was attributed to higher accounts payable and accrued liabilities. The company has not generated positive cash flow from operating activities, with net cash used in operations rising to $49,947 from $29,979 in the prior year.

Strategically, Welsis Corp. underwent significant changes in management and ownership during the reporting period. On April 1, 2024, Skywest Pinnacle Limited acquired approximately 73% of the company's common stock, leading to the resignation of former CEO Dusan Zindovic and the appointment of Kwok Boon Kit as the new CEO. Additionally, the company announced its entry into the cryptocurrency market with the launch of TokenTraders.net, a crypto-exchange platform, on September 23, 2024. This move marks a strategic pivot from its original teletherapy services to a focus on cryptocurrency trading.

As of September 30, 2025, Welsis Corp. had 2,752,667 shares of common stock outstanding, with Skywest Pinnacle Limited being the majority shareholder. The company has not declared or paid any cash dividends and does not anticipate doing so in the foreseeable future. The management indicated that future funding will likely come from equity issuances and convertible debt, as the company seeks to stabilize its operations and expand its business model. However, the financial statements raise substantial doubt about the company's ability to continue as a going concern, given its accumulated deficit of $226,126 and negative cash flow.

Looking ahead, Welsis Corp. plans to address its financial challenges by seeking additional funding and implementing its new business strategy in the cryptocurrency sector. The management believes that the anticipated growth in this area could provide the necessary revenue to support ongoing operations. However, the company acknowledges that there are no guarantees regarding the success of these initiatives, and it may need to raise further capital to sustain its operations in the coming year.