Better For You Wellness, Inc. (BFYW) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1349 EAST BROAD STREET COLUMBUS, OH 43205 |
| State of Incorp. | NV |
| Fiscal Year End | February 29 |
| Industry (SIC) | 2844 - Perfumes, Cosmetics, and Other Toilet Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 8/31/2024 MRQ | 2/29/2024 | 2/28/2023 | 2/28/2022 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 1,716 | 13,773 | 9,642 | |||
| Cash and cash equivalent | 1,716 | 13,773 | 9,642 | |||
| Receivables | 7,786 | 1,460 | ||||
| Inventory, net of allowances, customer advances and progress billings | 55,416 | 979 | ||||
| Inventory | 55,416 | 979 | ||||
| Prepaid expense | 4,634 | 18,493 | ||||
| Total current assets: | 69,552 | 34,705 | 9,642 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 146,454 | |||||
| Property, plant and equipment | 5,260 | 1,547 | ||||
| Intangible assets, net (including goodwill) | 583,484 | |||||
| Goodwill | 583,484 | |||||
| Total noncurrent assets: | 151,714 | 585,031 | ||||
| TOTAL ASSETS: | 221,266 | 619,736 | 9,642 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 601,487 | 391,553 | 172,933 | |||
| Accounts payable | 601,487 | 390,830 | ||||
| Accrued liabilities | 165,843 | 60,243 | 172,933 | |||
| Other undisclosed accounts payable and accrued liabilities | (165,843) | (59,520) | ||||
| Debt | 1,215,706 | 594,804 | ||||
| Deferred compensation liability | 85,823 | 379,759 | ||||
| Due to related parties | ✕ | ✕ | 293,000 | 202,475 | ||
| Other undisclosed current liabilities | 231,608 | 60,243 | ||||
| Total current liabilities: | 2,134,624 | 1,719,359 | 375,408 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 2,103 | |||||
| Long-term debt, excluding current maturities | 2,103 | |||||
| Liabilities, other than long-term debt | 80,689 | |||||
| Operating lease, liability | 80,689 | |||||
| Other undisclosed noncurrent liabilities | 121 | |||||
| Total noncurrent liabilities: | 80,689 | 2,224 | ||||
| Total liabilities: | 2,215,313 | 1,721,583 | 375,408 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | (1,994,047) | (1,101,847) | (365,766) | |||
| Preferred stock | 70 | 70 | 70 | |||
| Common stock | 41,953 | 40,403 | 37,075 | |||
| Additional paid in capital | 6,493,465 | 4,933,281 | 1,485,364 | |||
| Accumulated deficit | (8,529,535) | (6,075,601) | (1,638,275) | |||
| Other undisclosed equity, attributable to parent | (250,000) | |||||
| Total equity: | (1,994,047) | (1,101,847) | (365,766) | |||
| TOTAL LIABILITIES AND EQUITY: | 221,266 | 619,736 | 9,642 | |||
Income Statement (P&L) (USD)
| 8/31/2024 TTM | 2/29/2024 | 2/28/2023 | 2/28/2022 | ||
|---|---|---|---|---|---|
| Cost of revenue | (5,352) | (18,409) | (733) | ||
| Cost of product and service sold | (5,352) | (18,409) | |||
| Other undisclosed gross profit | 10,321 | 11,414 | 1,517 | ||
| Gross profit: | 4,969 | (6,995) | 784 | ||
| Operating expenses | (2,242,403) | (3,336,041) | (1,634,124) | ||
| Other undisclosed operating income | |||||
| Operating loss: | (2,237,434) | (3,343,036) | (1,633,340) | ||
| Nonoperating expense | (216,500) | (184,389) | |||
| Interest and debt expense | (80,914) | (184,389) | |||
| Loss from continuing operations: | (2,534,848) | (3,711,814) | (1,633,340) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (1,633,340) | |
| Net loss: | (2,534,848) | (3,711,814) | (1,633,340) | ||
| Other undisclosed net income attributable to parent | 80,914 | 184,389 | |||
| Net loss available to common stockholders, diluted: | (2,453,934) | (3,527,425) | (1,633,340) | ||
Comprehensive Income (USD)
| 8/31/2024 TTM | 2/29/2024 | 2/28/2023 | 2/28/2022 | ||
|---|---|---|---|---|---|
| Net loss: | (2,534,848) | (3,711,814) | (1,633,340) | ||
| Comprehensive loss, net of tax, attributable to parent: | (2,534,848) | (3,711,814) | (1,633,340) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.