10-Q Filing

WEWARDS, INC. CIK: 1616156 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001553350-17-000065`
Period End Date	20161130
Filing Date	20170117
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	egds-20160831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 52 Cash Flow Statement 28

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$22.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$46.76K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$878.71K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$46.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$878.71K	USD	Point-in-time
Total Assets	`Assets`	$46.76K	USD	Point-in-time
Total Assets	`Assets`	$878.71K	USD	Point-in-time
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`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	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 issued	`CommonStockSharesIssued`	8.13M	shares	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
Accrued interest, related party	`InterestPayableCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.13M	shares	Point-in-time
Accrued interest, related party	`InterestPayableCurrent`	$34.58K	USD	Point-in-time
Due to a related party	`DueToRelatedPartiesCurrent`	$124.65K	USD	Point-in-time
Due to a related party	`DueToRelatedPartiesCurrent`	$174.15K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$208.74K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$124.65K	USD	Point-in-time
Convertible Notes Payable - Related Party	`ConvertibleLongTermNotesPayable`	$3.00M	USD	Point-in-time
Convertible Notes Payable - Related Party	`ConvertibleLongTermNotesPayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.21M	USD	Point-in-time
Total Liabilities	`Liabilities`	$124.65K	USD	Point-in-time
Preferred stock, par value $0.001; 50,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.001; 50,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001; 250,000,000 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; 250,000,000 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`	$-2.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-113.69K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-2.33M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-77.90K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$878.71K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$46.76K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.47K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$630.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$795.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.63K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$32.31K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$31.34K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$57.74K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$51.20K	USD	2 Qtrs
Development expense	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Development expense	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Development expense	`ResearchAndDevelopmentExpense`	$2.16M	USD	2 Qtrs
Development expense	`ResearchAndDevelopmentExpense`	$1.54M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$33.10K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.57M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$59.37K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.22M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.57M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.22M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-59.37K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-33.10K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$34.58K	USD	2 Qtrs
Interest expense	`InterestExpense`	$30.42K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-30.42K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-34.58K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.60M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-59.37K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-33.10K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.25M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.60M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-59.37K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-2.25M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-33.10K	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	$-0.28	USD	2 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	$-0.20	USD	1 Quarter
Weighted average shares outstanding, basic & diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.13M	shares	2 Qtrs
Weighted average shares outstanding, basic & diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.13M	shares	2 Qtrs
Weighted average shares outstanding, basic & diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.13M	shares	1 Quarter
Weighted average shares outstanding, basic & diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.13M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-1.60M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-59.37K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.25M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-33.10K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$34.58K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.73K	USD	2 Qtrs
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.22M	USD	2 Qtrs
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.63K	USD	2 Qtrs
Cash flows from investing activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash flows from investing activities:	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from a related party	`ProceedsFromRelatedPartyDebt`	$53.61K	USD	2 Qtrs
Proceeds from a related party	`ProceedsFromRelatedPartyDebt`	$3.05M	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$53.61K	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.05M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$831.96K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.00	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.76K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$878.71K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.76K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$878.71K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

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