$WEWA
WEWARDS, INC. Stock $wewa

$wewa Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-K Financial Statement

#000155335023000413 Filed on August 29, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2023
Revenue		$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$74.55K	$57.11K	$245.3K
YoY Change	0.22%	0.97%	1.04%
% of Gross Profit
Research & Development		$0.00
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$74.55K	$57.11K	$245.3K
YoY Change	0.22%	0.97%	-86.85%
Operating Profit	-$74.55K		-$245.3K
YoY Change	0.22%		-86.85%
Interest Expense	$132.3K	-$127.2K	$525.0K
YoY Change	-201.24%	-3.47%	-201.26%
% of Operating Profit
Other Income/Expense, Net	-$126.3K		-$515.4K
YoY Change	-3.39%		-0.6%
Pretax Income	-$200.8K	-$184.3K	-$760.7K
YoY Change	-2.08%	-2.14%	-68.09%
Income Tax
% Of Pretax Income
Net Earnings	-$200.8K	-$184.3K	-$760.7K
YoY Change	-2.08%	-2.14%	-68.09%
Net Earnings / Revenue
Basic Earnings Per Share	$0.00		-$0.01
Diluted Earnings Per Share	$0.00	$0.00	-$0.01
COMMON SHARES
Basic Shares Outstanding	107.5M shares	107.5M shares	107.5M shares
Diluted Shares Outstanding	107.5M shares		107.5M shares

Balance Sheet

Concept	2023 Q3	2023 Q2	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$810.3K	$889.4K	$889.4K
YoY Change	-23.35%	-22.01%	-22.01%
Cash & Equivalents	$810.3K	$889.4K
Short-Term Investments
Other Short-Term Assets	$15.08K	$590.00	$590.00
YoY Change	1539.13%	96.67%	96.67%
Inventory
Prepaid Expenses	$15.08K	$587.00
Receivables
Other Receivables
Total Short-Term Assets	$825.4K	$890.0K	$890.0K
YoY Change	-21.99%	-21.98%	-21.98%
LONG-TERM ASSETS
Property, Plant & Equipment		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$0.00	$0.00	$0.00
YoY Change	-100.0%	-100.0%	-100.0%
TOTAL ASSETS
Total Short-Term Assets	$825.4K	$890.0K	$890.0K
Total Long-Term Assets	$0.00	$0.00	$0.00
Total Assets	$825.4K	$890.0K	$890.0K
YoY Change	-27.97%	-29.99%	-29.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.000K	$100.00	$100.00
YoY Change	-23.18%	-99.34%	-99.34%
Accrued Expenses	$3.127M	$2.994M	$2.994M
YoY Change	16.25%	15.17%	15.17%
Deferred Revenue
YoY Change
Short-Term Debt	$2.500M	$2.500M	$2.500M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.631M	$5.495M	$5.495M
YoY Change	108.94%	110.1%	110.1%
LONG-TERM LIABILITIES
Long-Term Debt	$8.000M	$8.000M	$8.000M
YoY Change	-23.81%	-23.81%	-23.81%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$8.000M	$8.000M	$8.000M
YoY Change	-23.81%	-23.81%	-23.81%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.631M	$5.495M	$5.495M
Total Long-Term Liabilities	$8.000M	$8.000M	$8.000M
Total Liabilities	$13.63M	$13.49M	$13.49M
YoY Change	3.3%	2.89%	2.89%
SHAREHOLDERS EQUITY
Retained Earnings	-$18.07M	-$17.87M
YoY Change	4.37%	4.45%
Common Stock	$107.5K	$107.5K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$12.81M	-$12.60M	-$12.60M
YoY Change
Total Liabilities & Shareholders Equity	$825.4K	$890.0K	$890.0K
YoY Change	-27.97%	-29.99%	-29.99%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2023
OPERATING ACTIVITIES
Net Income	-$200.8K	-$184.3K	-$760.7K
YoY Change	-2.08%	-2.14%	-68.09%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$79.09K	-$67.24K	-$251.0K
YoY Change	-5.04%	12.46%	-86.5%
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	-$79.09K	-67.24K	-$251.0K
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash	-$79.09K	-67.24K	-$251.0K
YoY Change	-5.04%	12.46%	-86.5%
FREE CASH FLOW
Cash From Operating Activities	-$79.09K	-$67.24K	-$251.0K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2023	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001616156
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset		usd
CY2022Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent		usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent		usd
CY2023Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q2	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2023	us-gaap	Revenues Revenues		usd
CY2022	us-gaap	Revenues Revenues		usd
CY2023	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense		usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2022Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent		usd
CY2022	us-gaap	Short Term Lease Cost ShortTermLeaseCost		usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset		usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent		usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent		usd
CY2022Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent		usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability		usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes		pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes		pure
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations		pure
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations		pure
CY2023Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2022Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet		usd
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-05-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--05-31
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	000-55957
CY2023	dei	Entity Registrant Name EntityRegistrantName	WEWARDS, INC.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	33-1230099
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	2960 West Sahara Avenue
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Las Vegas
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	NV
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	89102
CY2023	dei	City Area Code CityAreaCode	(702)
CY2023	dei	Local Phone Number LocalPhoneNumber	944-5599
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2022Q4	dei	Entity Public Float EntityPublicFloat	236463590	usd
CY2023Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	107483450	shares
CY2023	dei	Auditor Name AuditorName	M&K CPAS, PLLC
CY2023	dei	Auditor Location AuditorLocation	Houston, TX
CY2023	dei	Auditor Firm AuditorFirmId	2738
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	889405	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1140382	usd
CY2023Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	587	usd
CY2022Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	300	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	889992	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	1140682	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	130608	usd
CY2023Q2	us-gaap	Assets Assets	889992	usd
CY2022Q2	us-gaap	Assets Assets	1271290	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	100	usd
CY2022Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	15100	usd
CY2023Q2	us-gaap	Interest Payable Current InterestPayableCurrent	2994467	usd
CY2022Q2	us-gaap	Interest Payable Current InterestPayableCurrent	2469467	usd
CY2023Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	2500000	usd
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	130608	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	5494567	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	2615175	usd
CY2023Q2	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	8000000	usd
CY2022Q2	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	10500000	usd
CY2023Q2	us-gaap	Liabilities Liabilities	13494567	usd
CY2022Q2	us-gaap	Liabilities Liabilities	13115175	usd
CY2023Q2	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
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2022Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q2	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
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	107483450	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	107483450	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	107483450	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	107483450	shares
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	107483	usd
CY2022Q2	us-gaap	Common Stock Value CommonStockValue	107483	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	5161532	usd
CY2022Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	5161532	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-17873590	usd
CY2022Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-17112900	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-12604575	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-11843885	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	889992	usd
CY2022Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1271290	usd
CY2023	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2839	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2866	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1622500	usd
CY2023	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	180000	usd
CY2022	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	180000	usd
CY2023	us-gaap	Professional Fees ProfessionalFees	62492	usd
CY2022	us-gaap	Professional Fees ProfessionalFees	59943	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	245331	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	1865309	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	-245331	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-1865309	usd
CY2023	us-gaap	Interest Expense InterestExpense	525000	usd
CY2022	us-gaap	Interest Expense InterestExpense	525000	usd
CY2023	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	9641	usd
CY2022	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6514	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-515359	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-518486	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-760690	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-2383795	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	107483450	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	107483450	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	107483450	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	107483450	shares
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.02
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	-9460090	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-2383795	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	-11843885	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-760690	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-12604575	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-760690	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-2383795	usd
CY2023	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	287	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	51	usd
CY2023	WEWA	Increase Decrease In Rightofuse Asset IncreaseDecreaseInRightofuseAsset	130608	usd
CY2022	WEWA	Increase Decrease In Rightofuse Asset IncreaseDecreaseInRightofuseAsset	162427	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-15000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-570	usd
CY2023	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	525000	usd
CY2022	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	525000	usd
CY2023	WEWA	Operating Lease Obligation Related Party OperatingLeaseObligationRelatedParty	-130608	usd
CY2022	WEWA	Operating Lease Obligation Related Party OperatingLeaseObligationRelatedParty	-162427	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-250977	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1859416	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-250977	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-1859416	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
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	889405	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1140382	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
CY2020Q2	WEWA	Cash Consideration For Intellectual Property CashConsiderationForIntellectualProperty	179300	usd
CY2022	WEWA	Monthly Fees MonthlyFees	168500	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1622500	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_843_eus-gaap--UseOfEstimates_zBL84rspHNy" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_86B_zYrWRZCkF411">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 accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_z60mzUEenez" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline"><span id="xdx_86D_zGQ1mTUFloO">Concentrations of Credit Risk</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company maintains 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 $<span id="xdx_90C_eus-gaap--CashFDICInsuredAmount_iI_c20230531_z6FXRiheGx56" title="FDIC insured amount">250,000</span> under current regulations. The Company had approximately $<span id="xdx_90B_eus-gaap--CashUninsuredAmount_pp0p0_c20230531_zXZi5qsWkpD5" title="Excess of FDIC insured limits">640,755</span> and $<span id="xdx_90E_eus-gaap--CashUninsuredAmount_pp0p0_c20220531_z0EFnb62zafd" title="Excess of FDIC insured limits">890,382</span> in excess of FDIC insured limits at May 31, 2023 and 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>
CY2023Q2	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2023Q2	us-gaap	Cash Uninsured Amount CashUninsuredAmount	640755	usd
CY2022Q2	us-gaap	Cash Uninsured Amount CashUninsuredAmount	890382	usd
CY2023Q2	WEWA	Monthly Base Rent Payable MonthlyBaseRentPayable	15000	usd
CY2023	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	180000	usd
CY2022	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	180000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-17873590	usd
CY2023Q2	WEWA	Working Capital WorkingCapital	-4604575	usd
CY2021Q1	WEWA	Hourly Rate For Software Development HourlyRateForSoftwareDevelopment	50	pure
CY2022	WEWA	Fee Paid For Services FeePaidForServices	1622500	usd
CY2023Q2	us-gaap	Convertible Debt ConvertibleDebt	10500000	usd
CY2022Q2	us-gaap	Convertible Debt ConvertibleDebt	10500000	usd
CY2023Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	2500000	usd
CY2023Q2	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	8000000	usd
CY2022Q2	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	10500000	usd
CY2023Q2	WEWA	Current Number Of Shares Owned CurrentNumberOfSharesOwned	101353450	shares
CY2023Q2	WEWA	Number Of Shares Owned If Debt Converted NumberOfSharesOwnedIfDebtConverted	232603450	shares
CY2023Q2	WEWA	Number Of Shares Outstanding If Converted NumberOfSharesOutstandingIfConverted	238733450	shares
CY2023Q2	WEWA	Percentage Of Shares Owned If Debt Converted PercentageOfSharesOwnedIfDebtConverted	0.974	pure
CY2023	us-gaap	Interest Expense InterestExpense	525000	usd
CY2022	us-gaap	Interest Expense InterestExpense	525000	usd
CY2023	us-gaap	Amortization Of Leased Asset AmortizationOfLeasedAsset	130608	usd
CY2022	us-gaap	Amortization Of Leased Asset AmortizationOfLeasedAsset	162427	usd
CY2023	WEWA	Interest On Lease Liabilities InterestOnLeaseLiabilities	4392	usd
CY2022	WEWA	Interest On Lease Liabilities InterestOnLeaseLiabilities	17573	usd
CY2023	us-gaap	Short Term Lease Cost ShortTermLeaseCost	45000	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	180000	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	180000	usd
CY2022Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	130608	usd
CY2022Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	130608	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	130608	usd
CY2022Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P0Y9M
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0800	pure
CY2022Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0800	pure
CY2023	WEWA	Supplement Cash Flow And Other Information Table Textblock SupplementCashFlowAndOtherInformationTableTextblock	<table cellpadding="0" cellspacing="0" id="xdx_88D_ecustom--SupplementCashFlowAndOtherInformationTableTextblock_zACnEYd4CQt8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - COMMITMENTS AND CONTINGENCIES - LEASE (Supplemental cash flow) (Details)"> <tr style="vertical-align: bottom"> <td style="text-align: justify"><span id="xdx_8B5_zxXFKaNsmtRa" style="display: none">Schedule of Supplemental cash flow and other information related to operating leases</span></td> <td> </td> <td id="xdx_49C_20220601__20230531_zjZpxagbob13"> </td> <td> </td><td> </td> <td colspan="2" id="xdx_499_20210601__20220531_zchzBaYsPkb9" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td> <td colspan="6" style="text-align: center; vertical-align: bottom">For the Years Ended</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: justify"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">May 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; text-align: justify"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">2023</td> <td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">2022</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_405_ecustom--CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilitiesAbstract_iB" 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> </td> <td> </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: 75%; text-align: left; padding-bottom: 2.5pt; text-indent: -0.5pc; padding-left: 1.5pc">Operating cash flows used for operating leases</td> <td style="border-bottom: Black 2.5pt double; width: 1%">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right; width: 10%; vertical-align: bottom">130,608</td> <td style="padding-bottom: 2.5pt; width: 1%"> </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">162,427</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	130608	usd
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	162427	usd
CY2023	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	180000	usd
CY2022	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	180000	usd
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	107483450	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	107483450	shares
CY2023Q2	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	8900000	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.21	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.21	pure
CY2023Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1869000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1818600	usd
CY2023Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	1869000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	1818600	usd
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1869000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1818600	usd

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wewa_10k_htm.xml	Edgar Link	completed

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$WEWA WEWARDS, INC. Stock $wewa

2023 Q3 Form 10-K Financial Statement

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$WEWA
WEWARDS, INC. Stock $wewa