10-K Filing

WEWARDS, INC. CIK: 1616156 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001553350-16-002425`
Period End Date	20160531
Filing Date	20160825
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	egds-20160531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 18 Cash Flow Statement 29 Stockholders Equity 16

Balance Sheet 34 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$46.76K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.13M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.50K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$22.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.13M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$46.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$22.00	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time
Total Assets	`Assets`	$46.76K	USD	Point-in-time
Total Assets	`Assets`	$22.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$468.00	USD	Point-in-time
Due to a related party	`DueToRelatedPartiesCurrent`	$124.65K	USD	Point-in-time
Due to a related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$124.65K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$468.00	USD	Point-in-time
Common stock, par value $0.001; 75,000,000 shares authorized, 8,130,000 and 8,130,000 shares issued and outstanding; respectively	`CommonStockValue`	$8.13K	USD	Point-in-time
Common stock, par value $0.001; 75,000,000 shares authorized, 8,130,000 and 8,130,000 shares issued and outstanding; respectively	`CommonStockValue`	$8.13K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$27.66K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$27.66K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.24K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-113.69K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-136.00	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-446.00	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-77.90K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$46.76K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$22.00	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.42K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$18.55K	USD	Annual
Professional fees	`ProfessionalFees`	$17.55K	USD	Annual
Professional fees	`ProfessionalFees`	$75.03K	USD	Annual
Total operating expenses	`OperatingExpenses`	$36.10K	USD	Annual
Total operating expenses	`OperatingExpenses`	$77.45K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-77.45K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-36.10K	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-36.10K	USD	Annual
Net Loss	`NetIncomeLoss`	$-77.45K	USD	Annual
Net loss per share - basic	`EarningsPerShareBasic`	-	USD	Annual
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	Annual
Weighted average shares outstanding, basic & diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.28M	shares	Annual
Weighted average shares outstanding, basic & diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.13M	shares	Annual

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-36.10K	USD	Annual
Net loss	`NetIncomeLoss`	$-77.45K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-468.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$468.00	USD	Annual
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.63K	USD	Annual
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-77.92K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$340.00K	USD	Point-in-time
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$20.49K	USD	Annual
Loans from a director	`ProceedsFromRelatedPartyDebt`	$11.67K	USD	Annual
Loans from a director	`ProceedsFromRelatedPartyDebt`	$124.65K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$32.16K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$124.65K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.47K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$46.73K	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$46.76K	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.50K	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$22.00	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$46.76K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.50K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$22.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Forgiveness of related party debt	`ValueOfRelatedPartyDebtForgivenInNoncashActivities`	$15.30K	USD	Annual
Forgiveness of related party debt	`ValueOfRelatedPartyDebtForgivenInNoncashActivities`	-	USD	Annual
Fixed asset retained in change of control	`FixedAssetRetainedInChangeOfControlNoncashActivities`	-	USD	Annual
Fixed asset retained in change of control	`FixedAssetRetainedInChangeOfControlNoncashActivities`	$6.00K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-136.00	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-446.00	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-77.90K	USD	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$20.49K	USD	Annual
Change of control	`AdjustmentsToAdditionalPaidInCapitalOther`	$9.30K	USD	Annual
Net loss	`NetIncomeLoss`	$-36.10K	USD	Annual
Net loss	`NetIncomeLoss`	$-77.45K	USD	Annual
Ending balance	`StockholdersEquity`	$-136.00	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-446.00	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-77.90K	USD	Point-in-time
Ending balance, shares	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time
Ending balance, shares	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time
Ending balance, shares	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.