$WEWA
WEWARDS, INC. Stock $wewa

$wewa Overview Financials Valuation SEC Filings Company Website

2022 Q4 Form 10-Q Financial Statement

#000155335022000825 Filed on October 17, 2022

Income Statement

Concept	2022 Q4	2022 Q3	2021 Q3
Revenue	$0.00	$0.00	$0.00
YoY Change			-100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$56.00K	$74.39K	$72.33K
YoY Change	0.9%	2.85%	-18.41%
% of Gross Profit
Research & Development			$505.5K
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$56.00K	$74.39K	$577.8K
YoY Change	-90.02%	-87.13%
Operating Profit	-$56.00K	-$74.39K	-$577.8K
YoY Change	-90.02%	-87.13%
Interest Expense	-$129.4K	-$130.7K	-$129.4K
YoY Change	0.51%	1.03%	3.92%
% of Operating Profit
Other Income/Expense, Net	-$129.4K	-$130.7K	-$129.4K
YoY Change	0.52%	1.03%
Pretax Income	-$185.4K	-$205.1K	-$707.2K
YoY Change	-73.12%	-71.0%	252.45%
Income Tax
% Of Pretax Income
Net Earnings	-$185.4K	-$205.1K	-$707.2K
YoY Change	-73.12%	-71.0%	252.45%
Net Earnings / Revenue
Basic Earnings Per Share	$0.00	$0.00	-$0.01
Diluted Earnings Per Share	$0.00	$0.00	-$6.580K
COMMON SHARES
Basic Shares Outstanding	107.5M shares	107.5M shares	107.5M shares
Diluted Shares Outstanding	107.5M shares	107.5M shares	107.5M shares

Balance Sheet

Concept	2022 Q4	2022 Q3	2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.013M	$1.057M	$2.428M
YoY Change	-45.64%	-56.46%	-38.83%
Cash & Equivalents	$1.013M	$1.057M	$2.428M
Short-Term Investments
Other Short-Term Assets	$750.00	$920.00	$920.00
YoY Change	-69.64%	0.0%
Inventory
Prepaid Expenses	$750.00	$924.00
Receivables
Other Receivables
Total Short-Term Assets	$1.014M	$1.058M	$2.429M
YoY Change	-45.67%	-56.44%	-38.81%
LONG-TERM ASSETS
Property, Plant & Equipment	$44.41K	$87.94K	$253.6K
YoY Change	-79.19%	-65.33%	-37.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$44.41K	$87.94K	$253.6K
YoY Change	-79.19%	-65.33%	-37.63%
TOTAL ASSETS
Total Short-Term Assets	$1.014M	$1.058M	$2.429M
Total Long-Term Assets	$44.41K	$87.94K	$253.6K
Total Assets	$1.058M	$1.146M	$2.683M
YoY Change	-49.11%	-57.28%	-38.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$15.78K	$5.207K	$19.50K
YoY Change	-1.41%	-73.3%	4.28%
Accrued Expenses	$2.777M	$2.690M	$2.242M
YoY Change	16.85%	19.94%	31.54%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.793M	$2.695M	$2.262M
YoY Change	16.72%	19.14%	29.49%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$10.50M	$10.50M
YoY Change	-100.0%	0.0%	0.0%
Other Long-Term Liabilities	$10.50M	$0.00	$87.94K
YoY Change	23543.32%	-100.0%	-65.33%
Total Long-Term Liabilities	$10.50M	$10.50M	$10.59M
YoY Change	-0.42%	-0.83%	-1.54%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.793M	$2.695M	$2.262M
Total Long-Term Liabilities	$10.50M	$10.50M	$10.59M
Total Liabilities	$13.29M	$13.19M	$12.85M
YoY Change	2.75%	2.68%	2.8%
SHAREHOLDERS EQUITY
Retained Earnings	-$17.50M	-$17.32M
YoY Change
Common Stock	$107.5K	$107.5K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$12.23M	-$12.05M	-$10.17M
YoY Change
Total Liabilities & Shareholders Equity	$1.058M	$1.146M	$2.683M
YoY Change	-49.11%	-57.28%	-38.7%

Cashflow Statement

Concept	2022 Q4	2022 Q3	2021 Q3
OPERATING ACTIVITIES
Net Income	-$185.4K	-$205.1K	-$707.2K
YoY Change	-73.12%	-71.0%	252.45%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$43.77K	-$83.29K	-$571.7K
YoY Change	-92.24%	-85.43%	1104.66%
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	-43.77K	-$83.29K	-571.7K
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash	-43.77K	-$83.29K	-571.7K
YoY Change	-92.24%	-85.43%	1104.66%
FREE CASH FLOW
Cash From Operating Activities	-$43.77K	-$83.29K	-$571.7K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q3	dei	Entity Central Index Key EntityCentralIndexKey	0001616156
CY2022Q3	dei	Amendment Flag AmendmentFlag	false
CY2022Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--05-31
CY2022Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2022Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense		usd
CY2022Q3	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2022Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2022Q3	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent		usd
CY2022Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent		usd
CY2022Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent		usd
CY2022Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent		usd
CY2022Q3	dei	Document Type DocumentType	10-Q
CY2022Q3	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q3	dei	Document Period End Date DocumentPeriodEndDate	2022-08-31
CY2022Q3	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q3	dei	Entity File Number EntityFileNumber	000-55957
CY2022Q3	dei	Entity Registrant Name EntityRegistrantName	WEWARDS, INC.
CY2022Q3	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2022Q3	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	33-1230099
CY2022Q3	dei	Entity Address Address Line1 EntityAddressAddressLine1	2960 West Sahara Avenue
CY2022Q3	dei	Entity Address City Or Town EntityAddressCityOrTown	Las Vegas
CY2022Q3	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
CY2022Q3	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89102
CY2022Q3	dei	City Area Code CityAreaCode	702
CY2022Q3	dei	Local Phone Number LocalPhoneNumber	944-5599
CY2022Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022Q3	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q3	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022Q3	dei	Entity Small Business EntitySmallBusiness	true
CY2022Q3	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022Q3	dei	Entity Shell Company EntityShellCompany	false
CY2022Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	107483450	shares
CY2022Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1057092	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1140382	usd
CY2022Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	924	usd
CY2022Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	300	usd
CY2022Q3	us-gaap	Assets Current AssetsCurrent	1058016	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	1140682	usd
CY2022Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	87937	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	130608	usd
CY2022Q3	us-gaap	Assets Assets	1145953	usd
CY2022Q2	us-gaap	Assets Assets	1271290	usd
CY2022Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	5207	usd
CY2022Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	15100	usd
CY2022Q3	us-gaap	Interest Payable Current InterestPayableCurrent	2601796	usd
CY2022Q2	us-gaap	Interest Payable Current InterestPayableCurrent	2469467	usd
CY2022Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	87937	usd
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	130608	usd
CY2022Q3	us-gaap	Liabilities Current LiabilitiesCurrent	2694940	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	2615175	usd
CY2022Q3	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	10500000	usd
CY2022Q2	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	10500000	usd
CY2022Q3	us-gaap	Liabilities Liabilities	13194940	usd
CY2022Q2	us-gaap	Liabilities Liabilities	13115175	usd
CY2022Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2022Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2022Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	107483450	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	107483450	shares
CY2022Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	107483450	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	107483450	shares
CY2022Q3	us-gaap	Common Stock Value CommonStockValue	107483	usd
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	107483	usd
CY2022Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	5161532	usd
CY2022Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	5161532	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-17318002	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-17112900	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	-12048987	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-11843885	usd
CY2022Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1145953	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1271290	usd
CY2022Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	718	usd
CY2021Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	728	usd
CY2021Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	505500	usd
CY2022Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	45000	usd
CY2021Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	45000	usd
CY2022Q3	us-gaap	Professional Fees ProfessionalFees	28670	usd
CY2021Q3	us-gaap	Professional Fees ProfessionalFees	26606	usd
CY2022Q3	us-gaap	Operating Expenses OperatingExpenses	74388	usd
CY2021Q3	us-gaap	Operating Expenses OperatingExpenses	577834	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-74388	usd
CY2021Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-577834	usd
CY2022Q3	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	132329	usd
CY2021Q3	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	132329	usd
CY2022Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	1615	usd
CY2021Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	2946	usd
CY2022Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-130714	usd
CY2021Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-129383	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-205102	usd
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	-707217	usd
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	107483450	shares
CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	107483450	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	107483450	shares
CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	107483450	shares
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2021Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2021Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-11843885	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-205102	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	-12048987	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-9460090	usd
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	-707217	usd
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	-10167307	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-205102	usd
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	-707217	usd
CY2022Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	624	usd
CY2021Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	674	usd
CY2022Q3	WEWA	Increase Decrease In Rightofuse Asset IncreaseDecreaseInRightofuseAsset	42671	usd
CY2021Q3	WEWA	Increase Decrease In Rightofuse Asset IncreaseDecreaseInRightofuseAsset	39401	usd
CY2022Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-9893	usd
CY2021Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	3830	usd
CY2022Q3	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	132329	usd
CY2021Q3	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	132329	usd
CY2022Q3	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-42671	usd
CY2021Q3	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-39401	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-83290	usd
CY2021Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-571732	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-83290	usd
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-571732	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1140382	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2999798	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1057092	usd
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2428066	usd
CY2015Q2	WEWA	Number Of Common Shares Sold Through Stock Purchase Agreement NumberOfCommonSharesSoldThroughStockPurchaseAgreement	6000000	shares
CY2015Q2	WEWA	Percentage Of Issued And Outstanding Stock Sold Through Stock Purchase Agreement PercentageOfIssuedAndOutstandingStockSoldThroughStockPurchaseAgreement	0.738	pure
CY2015Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	8130000	shares
CY2015Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	8130000	shares
CY2015Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	340000	usd
CY2015Q4	WEWA	Number Of Common Shares Sold Through Stock Purchase Agreement NumberOfCommonSharesSoldThroughStockPurchaseAgreement	6000000	shares
CY2021	WEWA	Revenue From Related Party Initial Setup Fee RevenueFromRelatedPartyInitialSetupFee	50000	usd
CY2021	WEWA	Monthly Royalty Under License Agreement Related Party MonthlyRoyaltyUnderLicenseAgreementRelatedParty	5000	usd
CY2021	us-gaap	Revenue From Related Parties RevenueFromRelatedParties	83454	usd
CY2022	WEWA	Monthly Fees MonthlyFees	168500	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1622500	usd
CY2021	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	842500	usd
CY2022Q3	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84B_eus-gaap--UseOfEstimates_zXzv36djzvIj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_86C_zfXcvwC2gbWh">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2022Q3	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_84C_eus-gaap--ConcentrationRiskCreditRisk_zapvIIePEK78" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_869_zmyhKQI0Hosc">Concentrations of Credit Risk</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company maintains our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 under current regulations. The Company had approximately $<span id="xdx_906_eus-gaap--CashUninsuredAmount_pp0p0_c20220831_zHE47fK4qNVg" title="Excess of FDIC insured limits">822,207</span> and $<span id="xdx_90D_eus-gaap--CashUninsuredAmount_pp0p0_c20220531_zHNdksCILRRh" title="Excess of FDIC insured limits">890,382</span> in excess of FDIC insured limits at August 31, 2022 and May 31, 2022, respectively. The Company has not experienced any losses in such accounts.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2022Q3	us-gaap	Cash Uninsured Amount CashUninsuredAmount	822207	usd
CY2022Q2	us-gaap	Cash Uninsured Amount CashUninsuredAmount	890382	usd
CY2020Q2	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	179300	usd
CY2020Q2	us-gaap	Related Party Transaction Description Of Transaction RelatedPartyTransactionDescriptionOfTransaction	The IP consists of technology and related rights associated with the game Megopoly, an MMO (Massively Multiplayer Online Game). Because United Power is a related party, the acquisition did not result in a stepped-up basis in the IP, and the full purchase price of $179,300 was treated as an equity contribution.
CY2022Q3	us-gaap	Capital Capital	1636924	usd
CY2022Q3	us-gaap	Convertible Debt ConvertibleDebt	10500000	usd
CY2022Q2	us-gaap	Convertible Debt ConvertibleDebt	10500000	usd
CY2022Q3	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	10500000	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-17318002	usd
CY2022Q2	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	10500000	usd
CY2022Q3	WEWA	Current Number Of Shares Owned CurrentNumberOfSharesOwned	101353450	shares
CY2022Q3	WEWA	Number Of Shares Owned If Debt Converted NumberOfSharesOwnedIfDebtConverted	232603450	shares
CY2022Q3	WEWA	Number Of Shares Outstanding If Converted NumberOfSharesOutstandingIfConverted	238733450	shares
CY2022Q3	WEWA	Percentage Of Shares Owned If Debt Converted PercentageOfSharesOwnedIfDebtConverted	0.974	pure
CY2022Q3	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	132329	usd
CY2021Q3	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	132329	usd
CY2022Q3	WEWA	Monthly Base Rent Payable MonthlyBaseRentPayable	15000	usd
CY2022Q3	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	45000	usd
CY2022Q3	us-gaap	Amortization Of Leased Asset AmortizationOfLeasedAsset	42671	usd
CY2022Q3	WEWA	Interest On Lease Liabilities InterestOnLeaseLiabilities	2329	usd
CY2022Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	45000	usd
CY2022Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	87937	usd
CY2022Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	87937	usd
CY2022Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	87937	usd
CY2022Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P6M
CY2022Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0800	pure
CY2022Q3	WEWA	Supplement Cash Flow And Other Information Table Textblock SupplementCashFlowAndOtherInformationTableTextblock	<table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--SupplementCashFlowAndOtherInformationTableTextblock_z8N2twewcemh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - COMMITMENTS AND CONTINGENCIES - LEASE, RELATED PARTY (Supplemental cash flow) (Details)"> <tr style="vertical-align: bottom; background-color: transparent"> <td style="text-align: justify; text-indent: 8pt"><span id="xdx_8B7_ziaADOcDo1Ec" style="display: none">Schedule of Supplemental cash flow and other information related to operating leases</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_49A_20220601__20220831_z66ECAXfmZqg" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span style="font-size: 8pt"><b> </b></span></td><td><span style="font-size: 8pt"><b> </b></span></td> <td colspan="2" style="text-align: center"><span style="font-size: 8pt"><b>For the Three</b></span></td><td><span style="font-size: 8pt"><b> </b></span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span style="font-size: 8pt"><b> </b></span></td><td><span style="font-size: 8pt"><b> </b></span></td> <td colspan="2" style="text-align: center"><span style="font-size: 8pt"><b>Months Ended</b></span></td><td><span style="font-size: 8pt"><b> </b></span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span style="font-size: 8pt"><b> </b></span></td><td><span style="font-size: 8pt"><b> </b></span></td> <td colspan="2" style="text-align: center"><span style="font-size: 8pt"><b>August 31,</b></span></td><td><span style="font-size: 8pt"><b> </b></span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span style="font-size: 8pt"><b> </b></span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"><b> </b></span></td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center"><span style="font-size: 8pt"><b>2022</b></span></td><td style="padding-bottom: 1pt"><span style="font-size: 8pt"><b> </b></span></td></tr> <tr id="xdx_400_ecustom--CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract_iB_zg75iPsc6U17" style="vertical-align: bottom; background-color: rgb(204,255,204)"> <td style="text-align: justify">Cash paid for amounts included in the measurement of lease liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeasePayments_i_pp0p0" style="vertical-align: bottom; background-color: transparent"> <td style="width: 87%; text-align: justify; padding-bottom: 2.5pt; text-indent: 8pt">Operating cash flows used for operating leases</td><td style="width: 1%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 10%; text-align: right">45,000</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2022Q3	us-gaap	Operating Lease Payments OperatingLeasePayments	45000	usd
CY2022Q3	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	90000	usd
CY2022Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	2063	usd
CY2022Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	87937	usd
CY2022Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	87937	usd
CY2022Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2022Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2022Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	107483450	shares
CY2022Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	107483450	shares
CY2022Q3	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	8733000	usd

Files In Submission

Name	View Source	Status
0001553350-22-000825-index-headers.html	Edgar Link	pending
0001553350-22-000825-index.html	Edgar Link	pending
0001553350-22-000825.txt	Edgar Link	pending
0001553350-22-000825-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
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R2.htm	Edgar Link	pending
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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
wewa-20220831.xsd	Edgar Link	pending
wewa_10q.htm	Edgar Link	pending
wewa_ex31z1.htm	Edgar Link	pending
wewa_ex32z1.htm	Edgar Link	pending
wewa-20220831_cal.xml	Edgar Link	unprocessable
wewa-20220831_def.xml	Edgar Link	unprocessable
wewa-20220831_lab.xml	Edgar Link	unprocessable
wewa-20220831_pre.xml	Edgar Link	unprocessable
wewa_10q_htm.xml	Edgar Link	completed
FilingSummary.xml	Edgar Link	unprocessable

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$WEWA
WEWARDS, INC. Stock $wewa

2022 Q4 Form 10-Q Financial Statement

#000155335022000825 Filed on October 17, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WEWA WEWARDS, INC. Stock $wewa

2022 Q4 Form 10-Q Financial Statement

#000155335022000825 Filed on October 17, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WEWA
WEWARDS, INC. Stock $wewa