Wewards posted a net loss of $497,512, narrowing 17% from a year earlier.
Operating loss improved 15% to $76,655, while operating expenses fell 15% to $76,655.
Total other expense narrowed to $420,857, including $437,260 of interest expense and $16,403 of interest income.
Balance sheet and cash flow
Current assets fell to $300 and current liabilities dropped to $400, leaving working capital at negative $100.
Net cash used in operating activities was $59,990, while financing outflows totaled $633,300 for repayment of convertible notes payable, related party.
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