Wewards, Inc. reported no revenue and a net loss of $20,150 for the three months ended August 31, 2026, versus $159,009 a year earlier. Net loss declined 87%, primarily because $129,029 of other expense in 2025, mainly related-party loan interest, did not recur following repayment of those loans in the fourth quarter of the year ended May 31, 2026; professional fees fell $10,470.
Wewards seeks third-party licensing of its platform but has not entered into a white-label licensing agreement for it, and the platform has generated no revenue. Cash was $0 as of August 31, 2026, and Wewards said it lacked sufficient funds for 12 months of operations; its accumulated deficit was $19,639,131, and management said these circumstances raise substantial doubt about the company’s ability to continue as a going concern. Wewards says it has been wholly dependent on CEO and majority shareholder Lei Pei and affiliated companies for financing when needed, generally through convertible loans, with no assurance additional financing will be available. During the quarter, Lei Pei paid $20,325 of company expenses, recorded as contributed capital that Wewards was not required to repay. Management concluded disclosure controls were not effective as of August 31, 2026 because of material weaknesses identified in its prior annual report.
Wewards, Inc. filed Amendment No. 1 to its annual report solely to add Exhibit 10.2, a Debt Cancellation Agreement dated March 31, 2026. The company states that the amendment does not reflect events after the original report and does not modify or update its other disclosures.
Wewards, Inc. (WEWA) files its annual report for the year ended May 31, 2026, showing a pre‑revenue Bitcoin-rewards and gaming business with continued losses and severe liquidity constraints. The company generated no revenue in 2025 or 2026 and reported a net loss of $497,512, improved from $596,140 in 2025.
At year-end 2026, Wewards had $0 cash, total assets of $300 and negative working capital of $100, while trading on the OTC Pink market. A key event was the forgiveness of $14.35 million of related-party convertible debt and accrued interest by the CEO, which eliminated all such debt and turned a large shareholders’ deficit into nearly breakeven equity.
The auditor highlighted substantial doubt about the company’s ability to continue as a going concern due to recurring losses and lack of cash, and management disclosed a material weakness in internal control over financial reporting driven by having a single individual acting as both CEO and CFO. The business remains dependent on future licensing of its Platform and Megopoly game and on continued financial support from its CEO.
WEWARDS, INC. (WEWA) notified the SEC that it will file its Form 10-K for the period ended May 31, 2026 late. The company states the filing could not be completed without unreasonable effort or expense because the audit of its financial statements for that period was not finished by the close of business on August 29, 2026. WEWARDS indicates it intends to file the Form 10-K in accordance with Rule 12b-25, no later than the fifteenth calendar day following the prescribed due date, and reports that all other required periodic reports over the past 12 months have been filed and that it does not anticipate any significant change in results of operations compared with the prior fiscal year.
Wewards, Inc. filed its quarterly report showing it remains pre‑revenue and continues to post recurring losses. For the nine months ended February 28, 2026, the company generated $0 revenue and recorded a net loss of $437,746, similar to the prior year period.
At February 28, 2026, Wewards held $648,052 in cash and total assets of $648,577, against total liabilities of $14,938,777, driven mainly by $10,500,000 of related‑party convertible notes and $4,438,577 of accrued related‑party interest. Stockholders’ equity was a deficit of $(14,290,200) with an accumulated deficit of $(19,559,215).
The company discloses substantial doubt about its ability to continue as a going concern, citing ongoing losses, negative working capital of $3,790,200, and dependence on its CEO and related entities for financing via convertible loans. No licensing revenue was recognized from its Bitcoin rewards platform or Megopoly game during the period, and management is still seeking licensing agreements to commercialize its technology.
Wewards, Inc. filed its quarterly report for the period ended November 30, 2025, showing no revenue and a small but continuing net loss. The company recorded a net loss of $139,623 for the quarter and $298,632 for the six months, similar to the prior year. Operating costs remain modest, with six-month operating expenses of $45,232, but interest on related-party debt drove total other expense of $253,400.
Wewards ended the quarter with cash of $661,102 and negative working capital of $3,651,086, alongside an accumulated deficit of $19,420,101. The company has $10,500,000 of 5% convertible notes owed to an entity controlled by its CEO, all due in 2027, and discloses substantial doubt about its ability to continue as a going concern. Management notes dependence on the CEO and affiliates for financing, and no revenue has yet been generated from its Bitcoin rewards platform or Megopoly game.
Wewards, Inc. filed a notice that it will submit its Form 10-Q for the period ended November 30, 2025 after the deadline. The company explains that the review of its financial statements for this period was not completed by the close of business on January 14, 2026, making a timely filing impractical without unreasonable effort or expense. Wewards states that it intends to file the quarterly report within five calendar days of the prescribed due date and indicates it does not expect any significant change in results of operations compared with the same period of the prior year.
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.