$UPYY
UPAY

2024 Q4 Form 10-Q Financial Statement

#000157587224001087 Filed on October 17, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $150.4K $168.1K
YoY Change -58.73% -53.83%
Cost Of Revenue $44.40K $49.38K
YoY Change -73.59% -68.81%
Gross Profit $106.0K $118.7K
YoY Change -46.0% -42.3%
Gross Profit Margin 70.47% 70.62%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.961K $1.951K
YoY Change -22.43% -43.79%
% of Gross Profit 1.85% 1.64%
Operating Expenses $256.8K $302.9K
YoY Change -47.98% -18.98%
Operating Profit -$150.8K -$184.2K
YoY Change -49.29% 9.56%
Interest Expense $8.650K $8.034K
YoY Change 3.88% -4.17%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$159.2K -$191.3K
YoY Change -47.3% 9.57%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$159.2K -$191.3K
YoY Change -47.3% 9.57%
Net Earnings / Revenue -105.86% -113.84%
Basic Earnings Per Share -$0.01 -$0.01
Diluted Earnings Per Share -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 16.13M 15.71M
Diluted Shares Outstanding 16.74M 16.47M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $31.94K $121.8K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $35.08K $30.57K
Other Receivables
Total Short-Term Assets $135.9K $165.6K
YoY Change -85.33% -77.36%
LONG-TERM ASSETS
Property, Plant & Equipment $18.19K $20.60K
YoY Change -27.53% -23.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $32.89K $41.12K
YoY Change -44.35% -37.11%
TOTAL ASSETS
Total Short-Term Assets $135.9K $165.6K
Total Long-Term Assets $32.89K $41.12K
Total Assets $168.8K $206.7K
YoY Change -82.88% -74.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $450.2K $447.2K
YoY Change -56.58% -54.74%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $450.2K $447.2K
Total Long-Term Liabilities
Total Liabilities $526.4K $523.3K
YoY Change -52.86% -51.21%
SHAREHOLDERS EQUITY
Retained Earnings -$2.124M -$1.965M
YoY Change 52.19% 79.66%
Common Stock $16.23K $16.13K
YoY Change 4.64% -8.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$357.6K -$316.7K
YoY Change
Total Liabilities & Shareholders Equity $168.8K $206.7K
YoY Change -82.88% -74.06%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$159.2K -$191.3K
YoY Change -47.3% 9.57%
Depreciation, Depletion And Amortization $1.961K $1.951K
YoY Change -22.43% -43.79%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--02-28
dei Entity Central Index Key
EntityCentralIndexKey
0001677897
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-08-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
333-212447
dei Entity Registrant Name
EntityRegistrantName
UPAY, Inc.
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
37-1793622
dei Entity Address Address Line1
EntityAddressAddressLine1
3010 LBJ Freeway
dei Entity Address Address Line2
EntityAddressAddressLine2
12th Floor
dei Entity Address City Or Town
EntityAddressCityOrTown
Dallas
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
75234
dei City Area Code
CityAreaCode
972
dei Local Phone Number
LocalPhoneNumber
888-6052
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
16128544
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
121846
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
642846
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
30571
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
73395
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
13146
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2884
CY2024Q3 us-gaap Assets Current
AssetsCurrent
165563
CY2024Q1 us-gaap Assets Current
AssetsCurrent
719125
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20596
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22638
CY2024Q3 upyy Right Of Use Assets
RightOfUseAssets
9168
CY2024Q1 upyy Right Of Use Assets
RightOfUseAssets
18169
CY2024Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
11356
CY2024Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
10408
CY2024Q3 us-gaap Assets
Assets
206683
CY2024Q1 us-gaap Assets
Assets
770340
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
66863
CY2024Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
572904
CY2024Q3 upyy Lease Liability Net Current
LeaseLiabilityNetCurrent
9168
CY2024Q1 upyy Lease Liability Net Current
LeaseLiabilityNetCurrent
18169
CY2024Q3 us-gaap Notes Payable Current
NotesPayableCurrent
52143
CY2024Q1 us-gaap Notes Payable Current
NotesPayableCurrent
52143
CY2024Q3 upyy Notes Payable Related Parties Current
NotesPayableRelatedPartiesCurrent
251000
CY2024Q1 upyy Notes Payable Related Parties Current
NotesPayableRelatedPartiesCurrent
251000
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
447190
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
948990
CY2024Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
76157
CY2024Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
76157
CY2024Q3 us-gaap Liabilities
Liabilities
523347
CY2024Q1 us-gaap Liabilities
Liabilities
1025147
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2024Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
16128544
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
16128544
CY2024Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
15708544
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15708544
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
16128
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
15708
CY2024Q3 upyy Common Stock Issuable
CommonStockIssuable
479995
CY2024Q1 upyy Common Stock Issuable
CommonStockIssuable
313331
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1216170
CY2024Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1116590
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1965190
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1623189
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-63767
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-77247
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-316664
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-254807
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
206683
CY2024Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
770340
CY2024Q3 us-gaap Revenues
Revenues
168071
CY2023Q3 us-gaap Revenues
Revenues
364042
us-gaap Revenues
Revenues
425320
us-gaap Revenues
Revenues
696618
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
49378
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
158335
us-gaap Cost Of Revenue
CostOfRevenue
183711
us-gaap Cost Of Revenue
CostOfRevenue
317471
CY2024Q3 us-gaap Gross Profit
GrossProfit
118693
CY2023Q3 us-gaap Gross Profit
GrossProfit
205707
us-gaap Gross Profit
GrossProfit
241609
us-gaap Gross Profit
GrossProfit
379147
CY2024Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
888
CY2024Q3 us-gaap Depreciation
Depreciation
1951
CY2023Q3 us-gaap Depreciation
Depreciation
3471
us-gaap Depreciation
Depreciation
3855
us-gaap Depreciation
Depreciation
13190
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
300946
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
370363
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
565956
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
559261
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
302897
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
373834
us-gaap Operating Expenses
OperatingExpenses
569811
us-gaap Operating Expenses
OperatingExpenses
573339
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-184204
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-168127
us-gaap Operating Income Loss
OperatingIncomeLoss
-328202
us-gaap Operating Income Loss
OperatingIncomeLoss
-194192
CY2024Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
914
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1893
us-gaap Investment Income Interest
InvestmentIncomeInterest
2771
us-gaap Investment Income Interest
InvestmentIncomeInterest
3006
CY2024Q3 us-gaap Interest Expense
InterestExpense
8034
CY2023Q3 us-gaap Interest Expense
InterestExpense
8384
us-gaap Interest Expense
InterestExpense
16570
us-gaap Interest Expense
InterestExpense
16704
CY2024Q3 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0
CY2023Q3 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
1052
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-191324
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-174618
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-342001
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-206838
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-191324
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-174618
us-gaap Net Income Loss
NetIncomeLoss
-342001
us-gaap Net Income Loss
NetIncomeLoss
-206838
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10453
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4776
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
13480
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3776
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-180871
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-169842
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-328521
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-210614
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16467742
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16467742
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17363037
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17363037
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16329061
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16329061
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17276624
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17276624
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-382027
CY2023Q2 upyy Stock Subscriptions Cash Received
StockSubscriptionsCashReceived
10000
CY2023Q2 upyy Common Stock Issuable For Services
CommonStockIssuableForServices
20000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-32220
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8552
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-392799
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
100000
CY2023Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
0
CY2023Q3 upyy Common Stock Issuable For Services
CommonStockIssuableForServices
186666
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-174618
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4776
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-275975
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-254807
CY2024Q2 upyy Common Stock Issuable For Services
CommonStockIssuableForServices
83332
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-150677
CY2024Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3027
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-319125
CY2024Q3 upyy Common Stock Issuable For Services
CommonStockIssuableForServices
83332
CY2024Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
100000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-191324
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
10453
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-316664
us-gaap Net Income Loss
NetIncomeLoss
-342001
us-gaap Net Income Loss
NetIncomeLoss
-206838
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
888
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
166664
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
206666
us-gaap Depreciation
Depreciation
3855
us-gaap Depreciation
Depreciation
13190
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
1052
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
67
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-47226
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-594
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3340
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
0
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-32361
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-530012
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-135036
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
13212
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
12653
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-651056
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-79847
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23142
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23142
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
100000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
110000
upyy Repayment Of Lease Liabilities
RepaymentOfLeaseLiabilities
0
upyy Repayment Of Lease Liabilities
RepaymentOfLeaseLiabilities
-1021
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
100000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
108979
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30056
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-11011
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-521000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5021
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
642846
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
662991
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121846
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
657970
us-gaap Income Taxes Paid
IncomeTaxesPaid
16570
us-gaap Income Taxes Paid
IncomeTaxesPaid
16704
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
us-gaap Stock Issued1
StockIssued1
147400
us-gaap Nature Of Operations
NatureOfOperations
<table cellpadding="0" cellspacing="0" style="text-align:start; font-family: &quot;Times New Roman&quot;; font-size: 10pt; border-spacing: 0px;margin-left : auto;margin-right : 0;width:100%;"><tr style="vertical-align: top;"><td style="overflow-wrap: break-word; vertical-align: top; width: 0in;"></td><td style="overflow-wrap: break-word; vertical-align: top; width: 0.25in;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-right: 0px; margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 12pt; background: none;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;display:inline;">1<a href="#part2_006_1" id="part2_006_1"></a>.</div></div></td><td style="overflow-wrap: break-word; vertical-align: top;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; margin-right: 0px; margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 12pt; background: none;"><div style="font-family: &quot;Times New Roman&quot;, &quot;serif&quot;; font-size: 10pt; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;display:inline;">Nature of Operations and Continuance of Business</div></div></td></tr></table><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0px 0px 0px 0.25in; text-align: justify; text-indent: -0.25in; line-height: 12pt; background: none;"><br/></div><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0px 0px 0px 0.25in; text-align: justify; line-height: 12pt; background: none;text-indent: 0px;"><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;display:inline;">UPAY, Inc. (the “Company”) was incorporated in the State of Nevada on July 8, 2015. By a Share Exchange Agreement dated November 4, 2015, the Company agreed to acquire all of the issued and outstanding shares of Rent Pay (Pty) Ltd (“Rent Pay”), in exchange for 200,000 shares of the Company’s common stock. The acquisition was a capital transaction in substance and therefore was accounted for as a recapitalization. Rent Pay was incorporated in South Africa on February 1, 2012. Because Rent Pay was deemed to be the acquirer for accounting purposes, the consolidated financial statements are presented as a continuation of Rent Pay and include the results of operations of Rent Pay since incorporation on February 1, 2012, and the results of operations of the Company since the date of acquisition on November 4, 2015. On March 2, 2022, the Company acquired a controlling interest in Miway Finance Inc. (“Miway”), which was determined to be a transaction between entities under common control. On May 30, 2023, the Company incorporated a wholly-owned subsidiary, taking a controlling interest in Huntpal LLC (“Huntpal”). On June 13, 2024, the Company acquired the remaining non-controlling interest in Huntpal, increasing its ownership to 100%. On May 28, 2024, the Company acquired a controlling interest in AML Go (Pty) Ltd (“AML”) which was incorporated on July 3, 2023. AML was determined to be an entity under common control, and the transaction was considered immaterial due to the nominal assets and liabilities at the time of acquisition.</div></div><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0px 0px 0px 0.25in; text-align: justify; line-height: 12pt; background: none;text-indent: 0px;"> </div><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0px 0px 0px 0.25in; text-align: justify; line-height: 12pt; background: none;text-indent: 0px;"><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;display:inline;">Rent Pay operates principally in South Africa and engages in software development and licensing and provides services to the credit provider industry.</div></div>
us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; border-spacing: 0px;text-indent: 0px;margin-left : auto;margin-right : 0;width:100%;"><tr style="vertical-align: top;"><td style="overflow-wrap: break-word; vertical-align: top; width: 0.25in;"></td><td style="overflow-wrap: break-word; vertical-align: top; width: 0.25in;"><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-right: 0px; margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 12pt; background: none;"><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;display:inline;">c)</div></div></td><td style="overflow-wrap: break-word; vertical-align: top;"><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-right: 0px; margin-left: 0in; text-align: justify; text-indent: 0in; line-height: 12pt; background: none;"><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;display:inline;">Use of Estimates</div></div></td></tr></table><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0px 0px 0px 0.5in; text-align: justify; line-height: 12pt; background: none;text-indent: 0px;"> </div><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0px 0px 0px 0.5in; text-align: justify; line-height: 12pt; background: none;text-indent: 0px;"><div style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; line-height: 12pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;display:inline;">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to useful life and recoverability of long-lived assets, and deferred income tax asset valuations. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</div></div>
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
261513
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
240917
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20596
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22638
us-gaap Depreciation
Depreciation
3855
us-gaap Depreciation
Depreciation
13190
us-gaap Lease Cost
LeaseCost
64994
CY2024Q3 upyy Accumulated Amortization Right Of Use Assets
AccumulatedAmortizationRightOfUseAssets
55826
CY2024Q3 upyy Right Of Use Asset
RightOfUseAsset
9168
CY2024Q1 upyy Right Of Use Asset
RightOfUseAsset
18169
upyy Rent Expense
RentExpense
10679
upyy Rent Expense
RentExpense
10032
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
0
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
888
CY2024 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1894
CY2024Q1 upyy Finance Lease Liabilities
FinanceLeaseLiabilities
2936
CY2024 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
1042
upyy Finance And Operating Lease Interest Rate
FinanceAndOperatingLeaseInterestRate
0.1125
CY2023Q2 upyy Repayment Of Lease Liabilities
RepaymentOfLeaseLiabilities
-2549
CY2023Q2 upyy Repayment Of Lease Liabilities
RepaymentOfLeaseLiabilities
-47204
CY2023Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
1052
CY2023Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
19480
CY2021Q4 us-gaap Payments For Deposits
PaymentsForDeposits
800000
CY2024 us-gaap Proceeds From Refunds From Suppliers Of Material
ProceedsFromRefundsFromSuppliersOfMaterial
600000
CY2024Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
11356
CY2024Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
200000
CY2024Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
10408
CY2024Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
200000

Files In Submission

Name View Source Status
0001575872-24-001087-index-headers.html Edgar Link pending
0001575872-24-001087-index.html Edgar Link pending
0001575872-24-001087.txt Edgar Link pending
0001575872-24-001087-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
up017_ex31-1.htm Edgar Link pending
up017_ex31-2.htm Edgar Link pending
up017_ex32-1.htm Edgar Link pending
up017_ex32-2.htm Edgar Link pending
upyy-20240831.htm Edgar Link pending
upyy-20240831.xsd Edgar Link pending
upyy-20240831_cal.xml Edgar Link unprocessable
upyy-20240831_def.xml Edgar Link unprocessable
upyy-20240831_lab.xml Edgar Link unprocessable
upyy-20240831_pre.xml Edgar Link unprocessable
upyy-20240831_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable