Wewards, Inc. Reports No Revenue and Increased Losses for Three and Six Months Ended November 30, 2025

Wewards, Inc. reported its financial results for the three and six months ended November 30, 2025, revealing no revenue generation during these periods. The company continues to operate at a loss, with a net loss of $139,623 for the three months and $298,632 for the six months, reflecting slight increases from the previous year’s losses of $139,458 and $299,557, respectively. Operating expenses totaled $15,252 for the three months and $45,232 for the six months, with general and administrative expenses decreasing significantly to $777 from $1,677 in the prior year for the three-month period, while professional fees increased to $14,475 from $11,750.

In terms of financial position, Wewards reported total assets of $661,889 as of November 30, 2025, a decrease from $693,777 at the end of the previous fiscal period. Current liabilities increased to $4,312,975 from $4,046,231, primarily due to rising accrued interest on related party loans. The company’s accumulated deficit has grown to $19,420,101, up from $19,121,469, indicating ongoing financial challenges. The total liabilities stood at $14,812,975, compared to $14,546,231 previously.

Wewards has not made significant strategic developments in terms of acquisitions or product launches during this reporting period. The company continues to focus on its web-based platform designed to enable consumers to earn Bitcoin rebates through purchases from merchants. However, it has yet to secure any licensing agreements to monetize this platform, which remains a critical aspect of its business strategy. The company’s CEO, Lei Pei, has been instrumental in financing operations through convertible loans, but there is uncertainty regarding the continuation of this support.

Operationally, Wewards has not reported any increase in customer counts or user engagement metrics, as it has not generated revenue or launched new products. The company’s cash position at the end of the reporting period was $661,102, which is insufficient to sustain operations for the next twelve months without additional financing. The management has expressed concerns about the company’s ability to continue as a going concern, emphasizing the need for new capital and sustainable revenue generation.

Looking ahead, Wewards is actively pursuing licensing agreements to generate revenue and is exploring opportunities to expand its operational activities. However, the company acknowledges the risks associated with its financial condition and the reliance on its CEO for funding. The outlook remains uncertain, with management indicating that achieving profitability will require significant effort and may not be guaranteed.