We were incorporated in Nevada on September 10, 2013, as Betafox Corp. Our limited business until May 11, 2015, when control of our Company changed, was attempting to make candles. Because previous management was unable to raise sufficient capital to enable our Company to develop its intended operations, on that date, Mr. Giorgos Kallides, our previous majority shareholder and sole officer and director, sold his 6,000,000 shares to Future Continental Limited, and resigned all of his positions with our Company. Mr. Pei Lei became our new CEO and Chief Financial Officer, and, as part of the change of control, (a) Mr. Kallides cancelled his loan of $11,672 which was owed to him by our Company, and (b) our previously limited operation was sold to Mr. Kallides for $1 (see Item 11 herein). In October 2015, Future Continental Limited transferred the 6,000,000 shares to Mr. Lei Pei, in consideration of Mr. Pei serving as, and continuing to serve as, our director and CEO. In November 2015, we changed our corporate name to Future World Group Inc.; and on February 26, 2017, we changed our corporate name to Global Entertainment Clubs Inc, and again on January 8, 2018 to WEWARDS INC. The Company’s trading symbol is now WEWA.
Company profile
Ticker
WEWA
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Betafox Corp., FUTURE WORLD GROUP, INC., GLOBAL ENTERTAINMENT CLUBS, INC.
SEC CIK
Latest filings (excl ownership)
10-Q
2024 Q3
Quarterly report
12 Apr 24
10-Q
2024 Q2
Quarterly report
16 Jan 24
10-Q
2024 Q1
Quarterly report
13 Oct 23
10-K
2023 FY
Annual report
29 Aug 23
10-Q
2023 Q3
Quarterly report
14 Apr 23
10-Q
2023 Q2
Quarterly report
13 Jan 23
10-Q
2023 Q1
Quarterly report
17 Oct 22
10-K
2022 FY
Annual report
31 Aug 22
NT 10-K
Notice of late annual filing
30 Aug 22
10-Q
2022 Q2
Quarterly report
12 Apr 22
Financial summary
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Annual (USD) | May 23 | May 22 | May 21 | May 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 780.17 k | 780.17 k | 780.17 k | 780.17 k | 780.17 k | 780.17 k |
Cash burn (monthly) | 10.05 k | 19.43 k | 14.54 k | 19.43 k | 10.05 k | 19.43 k |
Cash used (since last report) | 48.79 k | 94.35 k | 70.62 k | 94.34 k | 48.79 k | 94.35 k |
Cash remaining | 731.39 k | 685.83 k | 709.55 k | 685.83 k | 731.39 k | 685.83 k |
Runway (months of cash) | 72.8 | 35.3 | 48.8 | 35.3 | 72.8 | 35.3 |