$WEWA
WEWARDS, INC.
CIK:0001616156|SEC Filings
STATEMENTS OF OPERATIONS - USD ($) |
12 Months Ended | |
|---|---|---|
May 31, 2026 |
May 31, 2025 |
|
| Income Statement [Abstract] | ||
| Revenues | $ 0 | $ 0 |
| Operating expenses: | ||
| General and administrative | 2,733 | 21,945 |
| Rent expense | 187 | 300 |
| Professional fees | 73,735 | 68,425 |
| Total operating expenses | 76,655 | 90,670 |
| Operating loss | (76,655) | (90,670) |
| Other income (expense): | ||
| Interest expense, related party | (437,260) | (525,000) |
| Interest income | 16,403 | 19,530 |
| Total other income (expense) | (420,857) | (505,470) |
| Net loss | $ (497,512) | $ (596,140) |
| Weighted average number of common shares outstanding - basic | 107,483,450 | 107,483,450 |
| Weighted average number of common shares outstanding - fully diluted | 107,483,450 | 107,483,450 |
| Net loss per share - basic | $ (0.00) | $ (0.01) |
| Net loss per share - fully diluted | $ (0.00) | $ (0.01) |
STATEMENTS OF CASH FLOWS - USD ($) |
12 Months Ended | |
|---|---|---|
May 31, 2026 |
May 31, 2025 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $ (497,512) | $ (596,140) |
| Decrease (increase) in assets: | ||
| Prepaid expenses | 187 | 0 |
| Increase (decrease) in liabilities: | ||
| Accounts payable | 75 | 225 |
| Accrued interest, related party | 437,260 | 525,000 |
| Net cash used in operating activities | (59,990) | (70,915) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Repayment of convertible notes payable, related party | (633,300) | 0 |
| Net cash used in financing activities | (633,300) | 0 |
| NET CHANGE IN CASH | (693,290) | (70,915) |
| CASH AT BEGINNING OF PERIOD | 693,290 | 764,205 |
| CASH AT END OF PERIOD | 0 | 693,290 |
| SUPPLEMENTAL INFORMATION: | ||
| Interest paid | 0 | 0 |
| Income taxes paid | 0 | 0 |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Forgiveness of debt, related party contributed to capital | $ 14,349,866 | $ 0 |
CONDENSED BALANCE SHEETS - USD ($) |
May 31, 2026 |
May 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash | $ 0 | $ 693,290 |
| Prepaid expense | 300 | 487 |
| Total current assets | 300 | 693,777 |
| Total assets | 300 | 693,777 |
| Current liabilities: | ||
| Accounts payable | 400 | 325 |
| Accrued interest, related parties | 0 | 4,045,906 |
| Total current liabilities | 400 | 4,046,231 |
| Long term liabilities: | ||
| Convertible notes payable, related party, net of current maturities | 0 | 10,500,000 |
| Total liabilities | 400 | 14,546,231 |
| Commitments and contingencies | ||
| Stockholders' equity (deficit): | ||
| Preferred stock, $0.001 par value, 50,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
| Common stock, $0.001 par value, 500,000,000 shares authorized, 107,483,450 issued and outstanding | 107,483 | 107,483 |
| Additional paid in capital | 19,511,398 | 5,161,532 |
| Accumulated deficit | (19,618,981) | (19,121,469) |
| Total stockholders' equity (deficit) | (100) | (13,852,454) |
| Total liabilities and stockholders' equity (deficit) | $ 300 | $ 693,777 |