Welsis Corp.

What they do

After incorporation in 2021, Welsis operated as a development-stage telehealth company offering online psychological counseling. Following a 2024 change in control, the company announced entry into the cryptocurrency and blockchain industry with TokenTraders.net, described as a crypto-exchange site with an in-built wallet. The company reported no revenue from either line in fiscal years 2024 or 2025.

Revenue drivers

• Teletherapy/telepsychology services — Historically the company's only described service, offering on-demand psychological consultations via mobile, internet, video and phone; generated $30,900 in 2023 and $2,000 in 2024, but no revenue in 2025.
• TokenTraders.net crypto exchange — A crypto-exchange site with in-built wallet announced in September 2024; no revenue has been reported from this operation through the latest quarter ended December 31, 2025.

Recent performance

For the fiscal year ended September 30, 2025, Welsis reported revenue of $0 compared to $2,000 in fiscal 2024. Operating expenses fell to $50,573 from $59,898, but net loss widened to $60,690 from $24,683, largely due to a $55,000 gain on debt forgiveness recognized in the prior year. For the quarter ended December 31, 2025, revenue was $0 and net loss was $10,020, compared to a net loss of $24,256 in the prior-year quarter. At December 31, 2025, the company had total assets of $1,126, total liabilities of $161,477, and negative shareholder equity of $160,351.

Strategy

Management states it expects working capital requirements to be funded through existing funds and further issuances of securities. The company entered the cryptocurrency and blockchain industry with TokenTraders.net, positioning it as a fully functional crypto-exchange with real-time rates and minimal fees. Management acknowledges the need for additional capital to meet long-term operating requirements and plans to raise capital through equity or debt sales. The company has no lines of credit or bank financing arrangements.

Risks

• Going concern — The company has no cash, a working capital deficiency of $81,934 as of December 31, 2025, and has not generated positive operating cash flow.
• Revenue concentration and absence — Welsis reported no revenue in fiscal 2025 or the first quarter of fiscal 2026, and its prior revenue was minimal and declining.
• Dependence on financing — Operations have been funded by convertible notes and related-party advances, with $49,947 from convertible notes in fiscal 2025 and no bank financing arrangements.
• Control by majority shareholder — Skywest Pinnacle Limited holds approximately 73% of common stock and can unilaterally control board elections and corporate direction.

Outlook

Management expects existing working capital, further advances, debt instruments, and anticipated cash flow to be adequate to fund operations for only the next three months. The company anticipates needing additional capital for long-term requirements and plans to raise funds through equity or debt securities. No specific revenue guidance or profitability timeline is provided in the filings.