Wewards Inc (WEWA) is a video game intellectual property licensing company that derives revenue from licensing its game Megopoly and related IP to third parties. Revenue is generated through software license agreements under which licensees distribute and host the game and associated content as an online-hosted service. As of the 10-K filed August 20, 2025 (for the fiscal year ended May 31, 2025), all revenues have been recognized from licensing Megopoly and related IP to Sandbx Corp., a related party owned by the Chief Operating Officer of United Power and FL Galaxy. CEO Lei Pei also serves as CEO of United Power and FL Galaxy, making the sole disclosed revenue relationship a related-party transaction. The company carries convertible promissory note obligations to Sky Rover Holdings, Ltd, a vehicle controlled by Mr. Pei, with outstanding principal and $1,033,303 in accrued interest as of May 31, 2025. No competitor names, geographic breakdown, segment revenue figures, or independent customer relationships are disclosed in the filing excerpts.

Revenue model

Software licensing fees from Megopoly game IP and related extra content licensed to Sandbx Corp., a related party, recognized under ASC 606 as performance obligations are satisfied (FY2025, 10-K filed 2025-08-20).

Products and services

Megopoly, an online-hosted service game; related in-game content and services licensed to third parties for distribution and hosting.

Customers and end markets

All revenues as of FY2025 derived from a single related-party customer, Sandbx Corp., owned by the COO of United Power and FL Galaxy. No independent third-party customer relationships disclosed in the filing excerpts.

Value-chain role

IP licensor; licenses game software and content to a distributor/host operator rather than directly distributing or publishing to end players.

Geographic exposure

No geographic breakdown disclosed in the filing excerpts.

Source: SEC 10-K, filed 2025-08-20

Industry: Services-Computer Programming, Data Processing, Etc.