Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue1¢$18.4K
- Selling, general and admin99¢$1.2M
Out of $11.4K in revenue.42 The company lost money this year.
Financial statements
| Fiscal year | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue | $67.1K4 | $11.4K4 | |
| Cost of revenue | $7334 | $18.4K2 | |
| Gross profit | $7844 | -$7.0K2 | |
| Research and development | $04 | $02 | |
| Selling, general and admin | $265.9K4 | $478.0K4 | $1.2M2 |
| Operating expenses | $2.5M4 | $3.3M2 | |
| Operating income | -$2.5M4 | -$3.3M2 | |
| Net income | -$2.5M4 | -$3.5M2 | |
| Earnings per share | -$0.014 | -$0.012 | |
| Earnings per share (diluted) | -$0.014 | -$0.012 | |
| Shares (weighted, basic) | 332.4M shares4 | 392.6M shares2 | |
| Shares (weighted, diluted) | 332.4M shares4 | 392.6M shares2 |
| Fiscal year | 2021 | 2022 | 2023 |
|---|---|---|---|
| Cash | $04 | $3.2K4 | $13.8K2 |
| Receivables | $04 | $1.5K4 | $1.5K2 |
| Inventory | $04 | $1.7K4 | $9792 |
| Current assets | $04 | $138.0K4 | $34.7K2 |
| Property, plant and equipment | $04 | $1.7K4 | $1.5K2 |
| Goodwill | $04 | $583.5K4 | $583.5K2 |
| Total assets | $04 | $723.3K4 | $619.7K2 |
| Accounts payable | $345.4K4 | $393.8K2 | |
| Current liabilities | $273.8K4 | $799.5K4 | $1.7M2 |
| Long-term liabilities | $04 | $601.5K4 | $02 |
| Total liabilities | $273.8K4 | $1.4M4 | $1.7M2 |
| Retained earnings | -$1.8M4 | -$5.0M4 | -$6.1M2 |
| Shareholders’ equity | -$273.8K4 | -$677.7K4 | -$1.1M2 |
| Shares outstanding | 0 shares7 | 385.1M shares7 | 404.2M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Corporate structure
Better For You Wellness, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Better For You Wellness, Inc.
- CRS Consulting, LLC Filed SC 13G/A on Better For You Wellness, Inc., latest Mar 24, 2022 (2 filings since Mar 24, 2022)
- Better For You Wellness, Inc. New Albany, Ohio
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Better For You Wellness, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.3K2 Feb 28, 2024 | $2.3K2 Feb 28, 2023 | 0% |
| Accumulated depreciation | $1.9K2 Feb 28, 2024 | $7762 Feb 28, 2023 | +149.0% |
| Property and equipment, net | $5.3K2 Feb 28, 2024 | $1.5K2 Feb 28, 2023 | +240.0% |
| Operating-lease assets (leased space) | $146.5K2 Feb 28, 2024 | $02 Feb 28, 2023 |
Investments
Intangibles and goodwill
Inventory
Leadership
Who has led Better For You Wellness, Inc., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerIan Andrew James Aug 9, 2021 to May 10, 20248
- Chief operating officerStephen James Letourneau Apr 8, 2024 to Apr 8, 20249
Board members and other officers (9)
- Chief Brand OfficerStephen James Letourneau Jun 17, 2022 to Mar 30, 202310
- Board memberChristina Jefferson Apr 13, 2022 to Mar 6, 202411
- Board memberIan Andrew James Aug 9, 2021 to May 10, 20248
- Board memberStephen James Letourneau Aug 9, 2021 to Apr 8, 202412
- Board memberDavid H. Deming Nov 17, 2021 to Mar 6, 202413
- Board memberJoseph J. Watson Nov 17, 2021 to Mar 6, 202414
- Board memberLeslie Bumgarner Nov 17, 2021 to Jan 5, 202215
- Board memberMontel Williams Nov 17, 2021 to Mar 6, 202416
- Board memberNicola Finley Nov 17, 2021 to Apr 13, 202217
Former names
- Fast Track Solutions, Inc.Mar 23, 2021 to Sep 30, 20213
Timeline
- Nov 12, 20248-K Other events18
- Nov 7, 20248-K Other events19
- Aug 23, 20248-K Debt or obligation accelerated20
- Jul 25, 20248-K Debt or obligation accelerated21
- Mar 28, 20248-K Entered a material agreement; Regulation FD disclosure22
- Mar 25, 20248-K Regulation FD disclosure23
- Mar 12, 20248-K Regulation FD disclosure24
- Mar 5, 20248-K Entered a material agreement; Unregistered sale of shares; Executive or director change25
- Mar 4, 20248-K Executive or director change26
- Feb 26, 20248-K Regulation FD disclosure27
- Jan 30, 20248-K Regulation FD disclosure28
- Jan 23, 20248-K Regulation FD disclosure29
- Aug 9, 2021New chief executive Ian Andrew James becomes CEO8
Calendar
When it reported results
- Mar 17, 2023Reported quarterly or annual results30
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
171 filings to the SEC since October 2021: 3 annual reports, 13 quarterly reports, 49 major events, 84 insider forms, 2 large holders, 3 private raises, 17 other. The latest 20:
- Jul 6, 2026D EDGAR
- Jan 15, 2025NT 10-Q EDGAR
- Nov 12, 20248-K EDGAR
- Nov 7, 20248-K EDGAR
- Oct 18, 202410-Q EDGAR
- Oct 15, 2024NT 10-Q EDGAR
- Sep 23, 2024D EDGAR
- Sep 16, 202410-Q EDGAR
- Sep 10, 202410-K EDGAR
- Aug 23, 20248-K/A EDGAR
- Jul 25, 20248-K EDGAR
- Jul 15, 2024NT 10-Q EDGAR
- May 29, 2024NT 10-K EDGAR
- May 10, 20244 EDGAR
- May 3, 20244 EDGAR
- Apr 29, 20244 EDGAR
- Apr 26, 20244/A EDGAR
- Apr 23, 2024DEF 14C EDGAR
- Apr 22, 20244 EDGAR
- Apr 16, 20244 EDGAR
The 171 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
18 open-market trades by officers, directors and large owners since October 2021: 18 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 13, 2023 | James Ian AndrewChief Executive Officer | Buy | 500 | $0.01 | $5 | Form 4 |
| Jul 12, 2023 | James Ian AndrewChief Executive Officer | Buy | 2,000 | $0.01 | $20 | Form 4 |
| Jul 11, 2023 | James Ian AndrewChief Executive Officer | Buy | 2,500 | $0.01 | $25 | Form 4 |
| Jul 10, 2023 | James Ian AndrewChief Executive Officer | Buy | 5,000 | $0.01 | $50 | Form 4 |
| Jun 27, 2023 | James Ian AndrewChief Executive Officer | Buy | 30,000 | $0.01 | $300 | Form 4 |
| Jun 23, 2023 | James Ian AndrewChief Executive Officer | Buy | 20,000 | $0.01 | $200 | Form 4 |
| Jun 22, 2023 | James Ian AndrewChief Executive Officer | Buy | 30,000 | $0.09 | $2.7K | Form 4 |
| Jun 21, 2023 | James Ian AndrewChief Executive Officer | Buy | 10,000 | $0.01 | $100 | Form 4 |
| Jun 20, 2023 | James Ian AndrewChief Executive Officer | Buy | 5,000 | $0.01 | $50 | Form 4 |
| Jun 16, 2023 | James Ian AndrewChief Executive Officer | Buy | 5,000 | $0.01 | $50 | Form 4 |
| Jun 14, 2023 | James Ian AndrewChief Executive Officer | Buy | 10,000 | $0.01 | $100 | Form 4 |
| Jun 13, 2023 | James Ian AndrewChief Executive Officer | Buy | 20,000 | $0.01 | $200 | Form 4 |
| Jun 9, 2023 | James Ian AndrewChief Executive Officer | Buy | 25,000 | $0.01 | $250 | Form 4 |
| Jun 7, 2023 | James Ian AndrewChief Executive Officer | Buy | 20,000 | $0.01 | $200 | Form 4 |
| Jun 6, 2023 | James Ian AndrewChief Executive Officer | Buy | 10,000 | $0.01 | $100 | Form 4 |
| Jun 2, 2023 | James Ian AndrewChief Executive Officer | Buy | 15,000 | $0.01 | $150 | Form 4 |
| Jun 1, 2023 | James Ian AndrewChief Executive Officer | Buy | 10,000 | $0.01 | $100 | Form 4 |
| May 31, 2023 | James Ian AndrewChief Executive Officer | Buy | 35,000 | $0.01 | $350 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CRS Consulting, LLCSC 13G/A, 2 filings Mar 24, 202231
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $146.0K
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2026 | $50.0K | $50.0K |
| 2024 | $28.0K | $28.0K |
| 2021 | $68.0K | $68.0K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Jun 11, 2026Raised $50,000 in a private offering of securities32 Form D: $30 million offered in all Form D
- Aug 29, 2024Raised $28,000 in a private offering of debt33 Form D: $4 million offered in all Form D
- Dec 2, 2021Raised $68,000 in a private offering of equity34 Form D: $1 million offered in all Form D
SEC filer profile
How Better For You Wellness, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBetter For You Wellness, Inc.1
- CIK0001852707
- Employer ID (EIN)87-29039331
- Filer status<br>emerging growth company1
- Incorporated inNevada1
- Fiscal year endsFebruary 281
- Industry code (SIC)2080 Beverages1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address7241 Hampton Hills Lane, New Albany, OH 430541
- Phone61458946001
- Shares outstanding507,804,946 as of Oct 18, 20246
- On EDGAR sinceMar 23, 20211
- Filings200 in all: 4 (78), 8-K (52), 10-Q (11), 3 (9), NT 10-Q (8), 10-12G/A (6), UPLOAD (5), 10-K (3)1
All 22 form types
10-Q/A (3), D (3), NT 10-K (3), PRE 14C (3), SC 13D (3), 4/A (2), 8-K/A (2), DEF 14C (2), SC 14F1 (2), 10-12G (1), NT 10-Q/A (1), SC 13D/A (1), SC 13G (1), SC 13G/A (1)
- Latest filingsAnnual report (10-K) Sep 10, 2024
Quarterly report (10-Q) Oct 18, 2024
Latest 8-K (8-K) Nov 12, 2024
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11SEC EDGARChristina Jefferson, Board member
- 12
- 13SEC EDGARDavid H. Deming, Board member
- 14SEC EDGARJoseph J. Watson, Board member
- 15SEC EDGARLeslie Bumgarner, Board member
- 16SEC EDGARMontel Williams, Board member
- 17SEC EDGARNicola Finley, Board member
- 18SEC EDGAROther events
- 19SEC EDGAROther events
- 20SEC EDGARDebt or obligation accelerated
- 21SEC EDGARDebt or obligation accelerated
- 22
- 23SEC EDGARRegulation FD disclosure
- 24SEC EDGARRegulation FD disclosure
- 25
- 26SEC EDGARExecutive or director change
- 27SEC EDGARRegulation FD disclosure
- 28SEC EDGARRegulation FD disclosure
- 29SEC EDGARRegulation FD disclosure
- 30
- 31
- 32
- 33
- 34