United Health Products, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2025
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Balance Sheets as of December 31, 2024 and 2023
Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current Assets | ||
| Cash and Cash Equivalents | $168,883 | $95,420 |
| Inventory | - | 33,598 |
| Prepaid and other current assets | 22,800 | 22,804 |
| Total current assets | 191,683 | 151,822 |
| Deferred offering costs | - | 21,051 |
| Operating lease right-of-use asset | 47,096 | 76,520 |
| Security deposit | 2,850 | 2,850 |
| Patents, net | 28,350 | 32,400 |
| TOTAL ASSETS | $269,979 | $284,643 |
| Current Liabilities | ||
| Accounts payable and accrued expenses | $830,672 | $869,567 |
| Accrued liabilities - related parties | 168,649 | 91,725 |
| Accrued compensation | 608,500 | 252,750 |
| Operating lease liability - current | 33,331 | 28,838 |
| Convertible notes payable, net of debt discount | - | 207,500 |
| Convertible notes payable – related party, net of debt discount | - | 500,000 |
| Total current liabilities | 1,641,152 | 1,950,380 |
| Convertible notes payable, net of debt discount | 557,500 | - |
| Convertible notes payable – related party, net of debt discount | 500,000 | - |
| Operating lease liability – long-term | 15,158 | 48,489 |
| TOTAL LIABILITIES | 2,713,810 | 1,998,869 |
| Commitments and Contingencies | - | - |
| Stockholders’ Deficit | ||
| Series A Convertible Preferred Stock - $0.001 par value, 1,000,000 shares Authorized and 0 shares issued and outstanding | - | - |
| Common Stock - $0.001 par value, 300,000,000 shares Authorized, 252,408,222 and 244,783,222 shares issued and outstanding at December 31, 2024 and December 31, 2023 | 252,408 | 244,783 |
| Additional Paid-In Capital | 76,004,704 | 74,740,201 |
| Accumulated Deficit | (78,700,943) | (76,699,210) |
| Total Stockholders' Deficit | (2,443,831) | (1,714,226) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $269,979 | $284,643 |
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