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Wewards, Inc. reported its results for the quarter ended August 31, 2025. The company generated no revenue and posted a net loss of $159,009, driven primarily by $132,329 of related‑party interest expense and modest operating costs. Basic and diluted loss per share was $0.00 on 107,483,450 weighted‑average shares.
Liquidity remains tight. Cash was $671,635 with negative working capital of $3,511,463. Management disclosed that these conditions raise substantial doubt about the company’s ability to continue as a going concern. As of October 13, 2025, 107,483,450 common shares were outstanding.
Leverage is high and related‑party concentrated: convertible notes payable to an affiliate total $10,500,000 (5% notes due May 31, 2027, convertible at $0.08 per share), with accrued related‑party interest of $4,178,235 recorded as a current liability. Operating expenses decreased year over year, but the absence of revenue and ongoing interest costs continued to weigh on results.