Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Jun. 27, 2017 | Jun. 30, 2016 | |
Document Information [Line Items] | |||
Entity Registrant Name | WORLD HEALTH ENERGY HOLDINGS, INC. | ||
Entity Central Index Key | 943,535 | ||
Trading Symbol | when | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding (in shares) | 89,789,407,996 | ||
Entity Public Float | $ 1,204,098 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
CURRENT ASSETS | ||
Cash | $ 4,054 | |
Deposits | 3,000 | |
TOTAL CURRENT ASSETS | 3,000 | 4,054 |
PROPERTY AND EQUIPMENT | ||
Furniture, fixtures and equipment | 4,353 | 4,353 |
Software | 113,774 | |
Less: Accumulated depreciation | (118,127) | (118,127) |
113,774 | ||
TOTAL ASSETS | 3,000 | 117,828 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 89,039 | 68,521 |
Due to affiliates | 725,067 | 589,090 |
Related party convertible note payable | 21,474 | 21,474 |
835,580 | 679,085 | |
TOTAL LIABILITIES | 835,580 | 679,085 |
Commitments and Contingencies (see Note 8) | ||
STOCKHOLDERS’ DEFICIT | ||
Preferred stock, $0.0007 par value, authorized 10,000,000 shares; 2,500,000 issued and outstanding | 1,750 | 1,750 |
Common stock, $0.0007 par value, authorized 110,000,000,000 shares; 89,789,407,996 issued and outstanding at December 31, 2016 and December 31, 2015 | 62,852,585 | 62,852,585 |
Discount on common stock | (49,000,000) | (49,000,000) |
Additional paid in capital | 11,433,491 | 11,433,491 |
Accumulated deficit | (26,120,406) | (25,849,083) |
(832,580) | (561,257) | |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $ 3,000 | $ 117,828 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2016 | Dec. 31, 2015 |
Preferred stock, par value (in dollars per share) | $ 0.0007 | $ 0.0007 |
Preferred stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Preferred stock, shares issued (in shares) | 2,500,000 | 2,500,000 |
Preferred stock, shares outstanding (in shares) | 2,500,000 | 2,500,000 |
Common stock, par value (in dollars per share) | $ 0.0007 | $ 0.0007 |
Common stock, shares authorized (in shares) | 110,000,000,000 | 110,000,000,000 |
Common stock, shares issued (in shares) | 89,789,407,996 | 89,789,407,996 |
Common stock, shares outstanding (in shares) | 89,789,407,996 | 89,789,407,996 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
REVENUE | $ 0 | $ 0 |
COST OF SALES | ||
GROSS MARGIN | ||
OPERATING EXPENSES | ||
General and administrative | 92,974 | 67,470 |
Professional fees | 44,588 | 39,415 |
Total expenses | 137,562 | 106,885 |
NET OPERATING LOSS | (137,562) | (106,885) |
OTHER EXPENSES | ||
Loss on impairment | 113,774 | |
Write off on investment deposit | 20,000 | |
OTHER INCOME | ||
Interest Earned | 13 | 6 |
NET LOSS | $ (271,323) | $ (106,879) |
LOSS PER WEIGHTED AVERAGE COMMON SHARES (in dollars per share) | $ 0 | $ 0 |
NUMBER OF WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) | 89,789,407,996 | 56,035,983,338 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Deficit - 12 months ended Dec. 31, 2016 - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Discount on Common Stock [Member] | Total |
Balance (in shares) at Dec. 31, 2015 | 2,500,000 | 89,789,407,996 | ||||
Balance at Dec. 31, 2015 | $ 1,750 | $ 62,852,585 | $ 11,433,491 | $ (25,849,083) | $ (49,000,000) | $ (561,257) |
Net loss | (271,323) | (271,323) | ||||
Balance (in shares) at Dec. 31, 2016 | 2,500,000 | 89,789,407,996 | ||||
Balance at Dec. 31, 2016 | $ 1,750 | $ 62,852,585 | $ 11,433,491 | $ (26,120,406) | $ (49,000,000) | $ (832,580) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Cash flows from operating activities: | ||
Net loss | $ (271,323) | $ (106,879) |
Changes in: | ||
Deposits | (3,000) | |
Loss on impairment | 113,774 | |
Accounts payable and accrued liabilities | 21,110 | (13,218) |
Net cash from operating activities | (119,439) | (120,097) |
Cash flows from investing activities: | ||
Deposit on purchase of AMID | (20,000) | |
Net cash from investing activities | (20,000) | |
Cash flows from financing activities: | ||
Advances from affiliates | 135,385 | 82,440 |
Cash acquired in business acquisition | 41,711 | |
Net cash from financing activities | 135,385 | 124,151 |
Change in cash | (4,054) | 4,054 |
Cash, beginning of year | 4,054 | |
Cash, end of year | $ 4,054 |
Note 1 - Nature of Business
Note 1 - Nature of Business | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | ( 1 The Consolidated Financial Statements include the accounts of World Health Energy Holdings, Inc. (“WHEH”) and its wholly owned subsidiaries, World Health Energy, Inc. (“WHE”) and FSC Solutions, Inc. (“FSC”), an online software solutions trading company. WHE’s corporate offices are located in Aventura, Florida. World Health Energy’s primary focus is the production of algae using their proprietary GB3000 GB3000 not FSC’s Financial Broker Service Companies will be www.onlinetrade.trade & www.stocks- 4you.com. $7.01 $19.6 The online software trading Company, www.fsc.trade, is looking to compete in the financial software market and expects to generate revenues in the second 2017. |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation and Consolidation | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | ( 2 and Consolidation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) on the accrual basis of accounting. All significant intercompany accounts and transactions have been eliminated in consolidation. The interim financial statements reflect all adjustments, which are, in the opinion of management, necessary in order to make the financial statements not |
Note 3 - Significant Accounting
Note 3 - Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | ( 3 a) Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. b) Loss per share The Company has adopted Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 260 10 50, Earnings Per Share no no December 31, 2016 2015. c) Cash and Cash Equivalents The Company considers all highly-liquid investments with a maturity of three no December 31, 2016 2015. d) Property and Equipment Property and equipment is stated at cost and was depreciated using the straight line method over the estimated useful lives of the respective assets of three December 31, 2016 December 31, 2015, $118,127 $118,127 e) Revenue Recognition The Company recognizes revenue on arrangements in accordance with Securities and Exchange Commission Staff Accounting Bulletin Topic 13, 605 15 25, Revenue Recognition not December 31, 2016 2015. f) Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Additionally, the recognition of future tax benefits, such as net operating loss carry forwards, is required to the extent that realization of such benefits is more likely than not. In the event the future tax consequences of differences between the financial reporting bases and the tax bases of the Company’s assets and liabilities result in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such asset is required. A valuation allowance is provided for the portion of the deferred tax asset when it is more likely than not not The Company’s income tax returns are subject to examination by tax authorities. Generally, the statute of limitations related to the Company’s federal and state income tax return is three five Management has evaluated tax positions in accordance with FASB ASC 740, Income Taxes not g) Recently Issued Accounting Pronouncements The Company reviewed all recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA and the SEC and they did not not h) Subsequent Events In accordance with FASB ASC 855, Subsequent Events June 27, 2017, |
Note 4 - Going Concern
Note 4 - Going Concern | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Going Concern Disclosure [Text Block] | ( 4 The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company’s financial position and operating results raise substantial doubt about the Company’s ability to continue as a going concern, as reflected by the net losses of $26,120,406 December 31, 2016. not no |
Note 5 - Income Taxes
Note 5 - Income Taxes | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | ( 5 ) Income Taxes The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes as of December 31, 2016 2015 Income tax at federal statutory rate 34.00 % State tax, net of federal effect 3.96 % 37.96 % Valuation allowance (37.96 )% Effective rate 0.00 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. As of December 31, 2016 2015, $26 December 31, 2016 2015. |
Note 6 - Related Parties
Note 6 - Related Parties | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | ( 6 ) Related Parties As of December 31, 2016 2015, $0 $1,623, As of December 31, 2016 2015, $59,157 As of December 31, 2016 2015, $280,336 $177,133, As of December 31, 2016 2015, $64,000 As of December 31, 2016 2015, $117,598 As of December 31, 2016 2015, $0 $7,027, As of December 31, 2016 2015, $48,491 $7,067, As of December 31, 2016 2015, $155,485 2015 9 |
Note 7 - Convertible Note Payab
Note 7 - Convertible Note Payable | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | ( 7 ) Convertible Note Payable During 2015, third $21,474. $0.0001 2015 third 2017. |
Note 8 - Commitments & Continge
Note 8 - Commitments & Contingencies | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | ( 8 ) Commitments & Contingencies During the normal course of business, the Company may 450 20 50, Contingencies December 31, 2016, not |
Note 9 - Business Acquisitions
Note 9 - Business Acquisitions | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | ( 9 ) Business Acquisitions On June 26, 2015, July 1, 2015. 70 130 2016, The following table summarizes the assets acquired and liabilities assumed at the acquisition date: Consideration Cash $ - Common Stock in WHEH (70 billion shares at no value) - Contingent Common Stock in WHEH (up to 130 billion shares at no value) - Recognized amounts of identifiable financial assets acquired and liabilities assumed Financial Assets including cash at bank $ 41,711 Software 113,774 Liabilities including due to affiliates (155,485 ) TOTAL identifiable net liabilities - Acquisition-related costs (included in selling, general and administrative expenses in WHEH’s income statement for the period ending September 30, 2015 $ 1,500 |
Note 10 - Other Significant Eve
Note 10 - Other Significant Events | 12 Months Ended |
Dec. 31, 2016 | |
Notes to Financial Statements | |
Other Significant Events, Disclosure [Text Block] | ( 10 Other Significant Events On March 13, 2016, Agreement Pursuant to the terms of the Agreement, FSC was to acquire all of the capital stock of Natalie Stock, Ltd. In consideration, WHEH was to pay cash and other consideration to Natalie Stock, Ltd. WHEH intended to integrate FSC’s software and trading platform and Amid’s broker-dealer operations. The Agreement contained customary representations, warranties and covenants by Natalie Stock, Ltd. and FSC. The Closing of the Agreement was subject to customary closing conditions. Eli Gal Levy, was a director of WHEH and FSC, and is the owner of Natalie Stock, Ltd. During the first 2016, $20,000 $20,000 December 31, 2016, $20,000 2016. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | a) Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. |
Earnings Per Share, Policy [Policy Text Block] | b) Loss per share The Company has adopted Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 260 10 50, Earnings Per Share no no December 31, 2016 2015. |
Cash and Cash Equivalents, Policy [Policy Text Block] | c) Cash and Cash Equivalents The Company considers all highly-liquid investments with a maturity of three no December 31, 2016 2015. |
Property, Plant and Equipment, Policy [Policy Text Block] | d) Property and Equipment Property and equipment is stated at cost and was depreciated using the straight line method over the estimated useful lives of the respective assets of three December 31, 2016 December 31, 2015, $118,127 $118,127 |
Revenue Recognition, Policy [Policy Text Block] | e) Revenue Recognition The Company recognizes revenue on arrangements in accordance with Securities and Exchange Commission Staff Accounting Bulletin Topic 13, 605 15 25, Revenue Recognition not December 31, 2016 2015. |
Income Tax, Policy [Policy Text Block] | f) Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Additionally, the recognition of future tax benefits, such as net operating loss carry forwards, is required to the extent that realization of such benefits is more likely than not. In the event the future tax consequences of differences between the financial reporting bases and the tax bases of the Company’s assets and liabilities result in deferred tax assets, an evaluation of the probability of being able to realize the future benefits indicated by such asset is required. A valuation allowance is provided for the portion of the deferred tax asset when it is more likely than not not The Company’s income tax returns are subject to examination by tax authorities. Generally, the statute of limitations related to the Company’s federal and state income tax return is three five Management has evaluated tax positions in accordance with FASB ASC 740, Income Taxes not |
New Accounting Pronouncements, Policy [Policy Text Block] | g) Recently Issued Accounting Pronouncements The Company reviewed all recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA and the SEC and they did not not |
Subsequent Events, Policy [Policy Text Block] | h) Subsequent Events In accordance with FASB ASC 855, Subsequent Events June 27, 2017, |
Note 5 - Income Taxes (Tables)
Note 5 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Income tax at federal statutory rate 34.00 % State tax, net of federal effect 3.96 % 37.96 % Valuation allowance (37.96 )% Effective rate 0.00 % |
Note 9 - Business Acquisitions
Note 9 - Business Acquisitions (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Consideration Cash $ - Common Stock in WHEH (70 billion shares at no value) - Contingent Common Stock in WHEH (up to 130 billion shares at no value) - Recognized amounts of identifiable financial assets acquired and liabilities assumed Financial Assets including cash at bank $ 41,711 Software 113,774 Liabilities including due to affiliates (155,485 ) TOTAL identifiable net liabilities - Acquisition-related costs (included in selling, general and administrative expenses in WHEH’s income statement for the period ending September 30, 2015 $ 1,500 |
Note 3 - Significant Accounti20
Note 3 - Significant Accounting Policies (Details Textual) - USD ($) shares in Thousands | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Property, Plant and Equipment, Useful Life | 3 years | |
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $ 118,127 | $ 118,127 |
Federal and State Income Tax Return Period From Date of Filing | 3 years | |
Income tax Examination Period After Formal Notification to States | 5 years | |
Revenues | $ 0 | $ 0 |
Weighted Average Number Diluted Shares Outstanding Adjustment | 0 | 0 |
Cash and Cash Equivalents, at Carrying Value | $ 0 | $ 0 |
Property, Plant and Equipment, Gross | $ 118,127 | $ 118,127 |
Note 4 - Going Concern (Details
Note 4 - Going Concern (Details Textual) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Retained Earnings (Accumulated Deficit) | $ (26,120,406) | $ (25,849,083) |
Note 5 - Income Taxes (Details
Note 5 - Income Taxes (Details Textual) - USD ($) $ in Millions | Dec. 31, 2016 | Dec. 31, 2015 |
Deferred Tax Assets, Operating Loss Carryforwards | $ 26 | $ 26 |
Note 5 - Income Taxes - Schedul
Note 5 - Income Taxes - Schedule of Difference Between Income Taxes Computed at Federal Statutory Rate and Provision for Income Taxes (Details) | 12 Months Ended |
Dec. 31, 2016 | |
Income tax at federal statutory rate | 34.00% |
State tax, net of federal effect | 3.96% |
Net income and state tax | 37.96% |
Valuation allowance | (37.96%) |
Effective rate | 0.00% |
Note 6 - Related Parties (Detai
Note 6 - Related Parties (Details Textual) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Due to Affiliate, Current | $ 725,067 | $ 589,090 |
Stockholder One [Member] | ||
Due to Affiliate, Current | 0 | 1,623 |
Stockholder Two [Member] | ||
Due to Affiliate, Current | 59,157 | 59,157 |
Stockholder and Consultant [Member] | ||
Due to Affiliate, Current | 280,336 | 177,133 |
Stockholder and Consultant - Former CEO [Member] | ||
Due to Affiliate, Current | 64,000 | 64,000 |
Stockholder Three [Member] | ||
Due to Affiliate, Current | 117,598 | 117,598 |
Stockholder and Consultant Two [Member] | ||
Due to Affiliate, Current | 0 | 7,027 |
Stockholder and Consultant Three [Member] | ||
Due to Affiliate, Current | 48,491 | 7,067 |
Creditors of FSC [Member] | ||
Due to Affiliate, Current | $ 155,485 | $ 155,485 |
Note 7 - Convertible Note Pay25
Note 7 - Convertible Note Payable (Details Textual) | Dec. 31, 2015USD ($)$ / shares |
Convertible Notes Payable, Noncurrent | $ | $ 21,474 |
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 0.0001 |
Note 9 - Business Acquisition26
Note 9 - Business Acquisitions (Details Textual) - shares shares in Billions | Jun. 26, 2015 | Dec. 31, 2016 |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 70 | 70 |
Maximum [Member] | ||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 130 | 130 |
Note 9 - Business Acquisition27
Note 9 - Business Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2015 | Jun. 26, 2015 | |
Consideration Cash | ||
Common Stock in WHEH (70 billion shares at no value) | ||
Contingent Common Stock in WHEH (up to 130 billion shares at no value) | ||
Recognized amounts of identifiable financial assets acquired and liabilities assumed | ||
Financial Assets including cash at bank | 41,711 | |
Software | 113,774 | |
Liabilities including due to affiliates | (155,485) | |
TOTAL identifiable net liabilities | ||
Acquisition-related costs (included in selling, general and administrative expenses in WHEH’s income statement for the period ending September 30, 2015 | $ 1,500 |
Note 9 - Business Acquisition28
Note 9 - Business Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) (Parentheticals) - shares shares in Billions | Jun. 26, 2015 | Dec. 31, 2016 |
Number of common stock shares acquired (in shares) | 70 | 70 |
Maximum [Member] | ||
Number of common stock shares acquired (in shares) | 130 | 130 |
Note 10 - Other Significant E29
Note 10 - Other Significant Events (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | |
Write off of Investment Deposit | $ 20,000 | ||
FSC Solutions [Member] | Natalie Stock, Ltd. [Member] | |||
Business Combination, Consideration, Deposit Paid | $ 20,000 |