Company research
METRO ONE TELECOMMUNICATIONS INC
CIK 920990Updated Sep 24, 2026
SecurityWOWI · OTC · equity
WOWI price & chart
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Recent filings
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Financials
FY 2022 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| ASSETS | ||
| AssetsUSD | 5,941,909Source | 6,044,707Source |
| Property, Plant and Equipment, NetUSD | 18,939Source | 7,244Source |
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying ValueUSD | 231,763Source | 1,128,825Source |
| Accounts ReceivableUSD | 27,756Source | — |
| Assets, CurrentUSD | 552,063Source | 1,558,768Source |
| Operating Lease, Right-of-Use AssetUSD | 17,845Source | 34,432Source |
| LIABILITIES AND EQUITY | ||
| LiabilitiesUSD | 2,677,718Source | 799,226Source |
| Stockholders’ equity: | ||
| Common Stock, Value, IssuedUSD | 27,163Source | 25,792Source |
| Additional Paid in CapitalUSD | 142,786,091Source | 140,858,794Source |
| Retained Earnings (Accumulated Deficit)USD | -139,543,981Source | -135,617,027Source |
| Stockholders' Equity Attributable to ParentUSD | 3,264,191Source | 5,245,481Source |
| Liabilities and EquityUSD | 5,941,909Source | 6,044,707Source |
| Current liabilities: | ||
| Liabilities, CurrentUSD | 541,133Source | 582,155Source |
| Operating Lease, Liability, CurrentUSD | 12,118Source | 12,835Source |
| Operating Lease, Liability, NoncurrentUSD | 7,455Source | — |
| Additional Financial Items | ||
| Deferred Tax Liabilities, NetUSD | 0Source | 0Source |
| Long-term DebtUSD | 1,959,221Source | 0Source |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 3,926,954Source | 3,341,980Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 414,346Source | 1,144,077Source |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in Accounts ReceivableUSD | 11,842Source | 18,238Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,801,986Source | -805,402Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,022,114Source | -3,417,237Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 18,428Source | 7,331Source |
| Cash flows from financing activities: | ||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,939,000Source | 5,131,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 231,763Source | 1,128,825Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 0Source | 0Source |
| Income Taxes Paid, NetUSD | 114,861Source | 0Source |
| Additional Financial Items | ||
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -11,962Source | 195,676Source |
| General and Administrative ExpenseUSD | 1,616,513Source | 1,896,070Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -3,926,954Source | -3,341,980Source |
| Operating ExpensesUSD | 2,797,382Source | 2,217,626Source |
| Operating Lease, ExpenseUSD | 1,300Source | 556Source |
| Other Nonoperating Income (Expense)USD | -1,204,275Source | -1,294,976Source |
| Proceeds from Issuance of Long-term DebtUSD | 1,369,000Source | 0Source |
income statement · annual statements
| Line item | FY 2022 | FY 2021 |
|---|---|---|
| Total RevenueUSD | 74,703Source | 170,622Source |
| Cost of Goods and Services Sold | — | — |
| Gross Profit (Calculated) · Derived | — | — |
| Operating Income (Loss)USD | 2,722,679Source | 2,047,004Source |
| Other Nonoperating Income (Expense)USD | -1,204,275Source | -1,294,976Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 824,700Source | 701,800Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -3,926,954Source | -3,341,980Source |
| Additional Financial Items | ||
| Depreciation, Depletion and Amortization, NonproductionUSD | 471,957Source | 328Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -11,962Source | 195,676Source |
| General and Administrative ExpenseUSD | 1,616,513Source | 1,896,070Source |
| Management Fee ExpenseUSD | 168,603Source | 116,089Source |
| Operating ExpensesUSD | 2,797,382Source | 2,217,626Source |
| Operating Lease, ExpenseUSD | 1,300Source | 556Source |
| Research and Development ExpenseUSD | 816,629Source | 0Source |
| Selling and Marketing ExpenseUSD | 146,282Source | 205,467Source |