Cover
Cover - shares | 9 Months Ended | |
Apr. 30, 2024 | Jun. 21, 2024 | |
Cover [Abstract] | ||
Entity Registrant Name | Leopard Energy, Inc. | |
Entity Central Index Key | 0001230524 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --07-31 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | No | |
Document Period End Date | Apr. 30, 2024 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2024 | |
Entity Common Stock Shares Outstanding | 1,272,917 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 000-50693 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 90-0314205 | |
Entity Address Address Line 1 | Via Tomaso Rodari 6 | |
Entity Address Address Line 2 | 6 | |
Entity Address City Or Town | Lugano | |
Entity Address Country | CH | |
Entity Address Postal Zip Code | 6900 | |
City Area Code | 41 | |
Local Phone Number | 791595013 | |
Entity Interactive Data Current | No |
CONDENSED CONSOLIDATED CONSOLID
CONDENSED CONSOLIDATED CONSOLIDATED BALANCE SHEETS - USD ($) | Apr. 30, 2024 | Jul. 31, 2023 |
Current assets: | ||
Cash | $ 2,051 | $ 3 |
Deposits & prepayments | 3,561 | 0 |
Total current assets | 5,612 | 3 |
Other assets: | ||
Lavaca Country Texas Producing Asset | 39,280 | 0 |
Total other assets | 39,280 | 0 |
Total Assets | 44,892 | 3 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 208,104 | 123,309 |
Total current liabilities | 208,104 | 123,309 |
Long term liabilities: | ||
Convertible notes payable | 0 | 179,150 |
Loan payable | 0 | 13,134 |
Total non-current liabilities | 0 | 192,284 |
Total Liabilities | 208,104 | 315,593 |
STOCKHOLDER'S DEFICIT | ||
Preferred stock: $0.001 par value, 10,000,000 authorized, 100,000 issued and outstanding as of April 30, 2024 and July 31, 2023, | 100 | 100 |
Common stock: $0.001 par value, 250,000,000 authorized, 1,272,917 issued and outstanding as of April 30, 2024 and July 31, 2023, respectively | 1,272 | 1,272 |
Additional paid in capital | 11,507,510 | 11,155,185 |
Accumulated deficit | (11,672,094) | (11,472,147) |
Total Stockholder's Deficit | (163,212) | (315,590) |
Total Liabilities and Stockholder's Deficit | $ 44,892 | $ 3 |
CONDENSED CONSOLIDATED CONSOL_2
CONDENSED CONSOLIDATED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Apr. 30, 2024 | Jul. 31, 2023 |
CONDENSED CONSOLIDATED CONSOLIDATED BALANCE SHEETS | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares, issued | 100,000 | 100,000 |
Preferred stock, shares, outstanding | 100,000 | 100,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 250,000,000 | 250,000,000 |
Common stock, shares, issued | 1,272,917 | 1,272,917 |
Common stock, shares, outstanding | 1,272,917 | 1,272,917 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2024 | Apr. 30, 2023 | Apr. 30, 2024 | Apr. 30, 2023 | |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) | ||||
Net Sales | $ 2,014 | $ 0 | $ 2,014 | $ 0 |
Cost of Goods Sold | 0 | 0 | 0 | 0 |
Gross Income | 2,014 | 0 | 2,014 | 0 |
General and administrative | 137,756 | 23,860 | 212,999 | 86,065 |
Negotiating expenses | 8,487 | 0 | 33,952 | 0 |
Total operating expenses | 146,243 | 23,860 | 246,951 | 86,065 |
Operating loss | (144,229) | (23,860) | (244,937) | (86,065) |
Other income (expense) | ||||
Write off convertible notes | 0 | 0 | 8,423 | 0 |
Write off loan payable | 0 | 0 | 13,134 | 0 |
Write off Accounts payable | 0 | 0 | 26,619 | 0 |
Financial expense | (161) | 0 | (3,186) | 0 |
Total other income (expense) | (161) | 0 | 44,990 | 0 |
Net loss | $ (144,390) | $ (23,860) | $ (199,947) | $ (86,065) |
Net loss per share - basic and diluted | $ (0.11) | $ (0.02) | $ (0.16) | $ (0.08) |
Weighted average shares outstanding - basic and diluted | 1,272,917 | 1,272,892 | 1,272,917 | 1,079,077 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY (UNAUDITED) - USD ($) | Total | Common Stock | Preferred Stock | Additional Paid In Capital | Accumulated Deficit |
Balance, shares at Jul. 31, 2022 | 961,448 | ||||
Balance, amount at Jul. 31, 2022 | $ (198,695) | $ 961 | $ 0 | $ 11,123,597 | $ (11,323,253) |
Issuance of Common stock from convertible notes conversion, shares | 98,160 | ||||
Issuance of Common stock from convertible notes conversion, amount | 23,486 | $ 98 | 0 | 23,388 | 0 |
Issuance of Common Stock, shares | 37,079 | ||||
Issuance of Common Stock, amount | 37 | $ 37 | 0 | 0 | 0 |
Cancellation of Common shares, shares | (37,079) | ||||
Cancellation of Common shares, amount | (37) | $ (37) | 0 | 0 | 0 |
Net Loss | (23,758) | $ 0 | 0 | 0 | (23,758) |
Balance, shares at Oct. 31, 2022 | 1,059,608 | ||||
Balance, amount at Oct. 31, 2022 | (198,967) | $ 1,059 | 0 | 11,146,985 | (11,347,011) |
Balance, shares at Jul. 31, 2022 | 961,448 | ||||
Balance, amount at Jul. 31, 2022 | (198,695) | $ 961 | $ 0 | 11,123,597 | (11,323,253) |
Net Loss | (86,065) | ||||
Balance, shares at Apr. 30, 2023 | 1,272,916 | 100,000 | |||
Balance, amount at Apr. 30, 2023 | (252,761) | $ 1,272 | $ 100 | 11,155,185 | (11,409,318) |
Balance, shares at Oct. 31, 2022 | 1,059,608 | ||||
Balance, amount at Oct. 31, 2022 | (198,967) | $ 1,059 | 0 | 11,146,985 | (11,347,011) |
Issuance of Common Stock, shares | 2,034 | ||||
Issuance of Common Stock, amount | 2 | $ 2 | $ 0 | 0 | 0 |
Net Loss | (38,447) | (38,447) | |||
Issuance of Preferred stock, shares | 300,000 | ||||
Issuance of Preferred stock, amount | 300 | $ 300 | 0 | 0 | |
Cancellation of Preferred stock, shares | (200,000) | ||||
Cancellation of Preferred stock, amount | (200) | $ (200) | 0 | 0 | |
Balance, shares at Jan. 31, 2023 | 1,061,643 | 100,000 | |||
Balance, amount at Jan. 31, 2023 | (237,312) | $ 1,061 | $ 100 | 11,146,985 | (11,385,458) |
Issuance of Common Stock, shares | 211,273 | ||||
Issuance of Common Stock, amount | 8,411 | $ 211 | 0 | 8,200 | 0 |
Net Loss | (23,860) | $ 0 | $ 0 | (23,860) | |
Balance, shares at Apr. 30, 2023 | 1,272,916 | 100,000 | |||
Balance, amount at Apr. 30, 2023 | (252,761) | $ 1,272 | $ 100 | 11,155,185 | (11,409,318) |
Balance, shares at Jan. 31, 2023 | 1,061,643 | 100,000 | |||
Balance, amount at Jan. 31, 2023 | (237,312) | $ 1,061 | $ 100 | 11,146,985 | (11,385,458) |
Net Loss | (144,390) | (144,390) | |||
Additional paid in capital | 31,523 | 31,523 | |||
Balance, shares at Apr. 30, 2024 | 1,272,917 | 100,000 | |||
Balance, amount at Apr. 30, 2024 | (163,212) | $ 1,272 | $ 100 | 11,507,510 | (11,672,094) |
Balance, shares at Jul. 31, 2023 | 1,272,917 | 100,000 | |||
Balance, amount at Jul. 31, 2023 | (315,590) | $ 1,272 | $ 100 | 11,155,185 | (11,472,147) |
Net Loss | (18,571) | 0 | 0 | 0 | (18,571) |
Additional paid in capital | 266,444 | $ 0 | $ 0 | 266,444 | 0 |
Balance, shares at Oct. 31, 2023 | 1,272,917 | 100,000 | |||
Balance, amount at Oct. 31, 2023 | (67,717) | $ 1,272 | $ 100 | 11,421,629 | (11,490,718) |
Balance, shares at Jul. 31, 2023 | 1,272,917 | 100,000 | |||
Balance, amount at Jul. 31, 2023 | (315,590) | $ 1,272 | $ 100 | 11,155,185 | (11,472,147) |
Net Loss | (199,947) | ||||
Balance, shares at Apr. 30, 2024 | 1,272,917 | 100,000 | |||
Balance, amount at Apr. 30, 2024 | (163,212) | $ 1,272 | $ 100 | 11,507,510 | (11,672,094) |
Balance, shares at Oct. 31, 2023 | 1,272,917 | 100,000 | |||
Balance, amount at Oct. 31, 2023 | (67,717) | $ 1,272 | $ 100 | 11,421,629 | (11,490,718) |
Net Loss | (36,986) | (36,986) | |||
Additional paid in capital | 54,358 | 54,358 | |||
Balance, shares at Jan. 31, 2024 | 1,272,917 | 100,000 | |||
Balance, amount at Jan. 31, 2024 | (50,345) | $ 1,272 | $ 100 | 11,475,987 | (11,527,704) |
Net Loss | (144,390) | ||||
Balance, shares at Apr. 30, 2024 | 1,272,917 | 100,000 | |||
Balance, amount at Apr. 30, 2024 | $ (163,212) | $ 1,272 | $ 100 | $ 11,507,510 | $ (11,672,094) |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) | 9 Months Ended | |
Apr. 30, 2024 | Apr. 30, 2023 | |
Cash flows from operating activities | ||
Net loss for the period | $ (199,947) | $ (86,065) |
Adjustments to reconcile net loss to cash used in operating activities: | ||
Convertible Notes Write off | (8,423) | 0 |
Loan Payable write off | (13,134) | 0 |
Accounts payable write off | (26,619) | 0 |
Original initial discount and legal processing | 0 | 19,340 |
Change in operating assets and liabilities | ||
Deposits & prepayments | (3,561) | 0 |
Accounts payable and accrued liabilities | 128,414 | 5,364 |
Due to parent-operating expenses | 119,598 | |
Net cash provided from (used in) operating activities | (3,672) | (61,361) |
Cash flows from investing activities | ||
Lavaca County Texas Producing Asset | (39,280) | 0 |
Software Development | 0 | (60,942) |
Net cash used in investing activities | (39,280) | (60,942) |
Cash flows from financing activities | ||
Change in convertible notes payable | 0 | 102,436 |
Proceeds from issuance of preferred shares | 0 | 100 |
Proceeds from loan | 0 | 22,000 |
Loan Repayment | 0 | (11,000) |
Proceeds from issuance of common shares | 0 | 8,450 |
Proceeds from additional paid in capital | 45,000 | 0 |
Net cash provided by financing activities | 45,000 | 121,986 |
Change in Cash | 2,048 | (317) |
Cash - beginning of period | 3 | 320 |
Cash - end of period | 2,051 | 3 |
Cash paid for: | ||
Interest | 0 | 0 |
Income tax | 0 | 0 |
Non-Cash Activities: | ||
Stockholder contribution converted from due to parent balance | $ 307,325 | $ 0 |
Organization and Business
Organization and Business | 9 Months Ended |
Apr. 30, 2024 | |
Organization and Business | |
Organization and Business | Note 1. Organization and Business Cyber Apps World Inc. (the “Company”), following the merger with the Company's wholly owned subsidiary on April 9, 2015, (formed for the sole purpose of merging with its parent), has been engaged in the development of mobile applications focusing on allowing users around the world to save money on products and services from member merchants and suppliers instantly with mobile coupons, using their desktops and/or mobile devices, including smartphones. The Company have not been successful in developing revenue from operations. Since its acquisition of a controlling interest in August 2023, Zenith Energy Ltd. (“Zenith Energy”), the Company’s controlling stockholder, the Company will expand its business into the energy sector. The Company filed an Amendment to its Articles of Incorporation (the “Amendment”) with the Secretary of State of Nevada, changing its name from “Cyber Apps World Inc.” to “Leopard Energy, Inc.” effective April 26, 2024. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Apr. 30, 2024 | |
Summary of Significant Accounting Policies | |
Summary of Significant Accounting Policies | Note 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The accompanying unaudited condensed consolidated financial statements include the accounts of Leopard Energy, Inc. (formerly known as Cyber Apps World Inc.) (the “Company”). These financial statements are condensed and, therefore, do not include all disclosures normally required by accounting principles generally accepted in the United States of America. Therefore, these statements should be read in conjunction with the most recent annual financial statements of the Company for the year ended July 31, 2023, included in the Company’s Form 10-K filed with the Securities and Exchange Commission. In particular, the Company’s significant accounting principles were presented as Note 2 to the Financial Statements in that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying interim condensed financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying interim condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending July 31, 2024. Going Concern The accompanying unaudited interim consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As reflected in the accompanying unaudited interim financial statements for the nine months ended April 30, 2024, the Company incurred net loss of $199,947. As of April 30, 2024, the Company had accumulated deficit of $11,672,094 and a working capital deficit of $202,492. Management believes these factors raise substantial doubt about the Company’s ability to continue as a going concern for the next twelve months. The Company’s financial statements for the three and nine months ended April 30, 2024, have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. The Company during the three and nine months ended April 30, 2024, started to cash the first revenues from the 5% royalty interest in a package of seven (7) producing oil wells located in the Eagle Ford Shale, Lavaca County, Texas (the “Eagle Acquisition”), acquired on January 17, 2024. Management recognized that the Company’s continued existence is dependent upon its ability to obtain needed working capital through additional equity and/or debt financing and revenue to cover expenses as the Company continues to incur losses. Since its incorporation, the Company has financed its operations through advances from its controlling stockholders, third-party convertible debt, and the sale of its common stock. Management’s plans are to finance operations through the sale of equity or other investments for the foreseeable future, as the Company does not receive significant revenue from its business operations. There is no guarantee that the Company will be successful in arranging financing on acceptable terms. The Company’s ability to raise additional capital is affected by trends and uncertainties beyond its control. The Company does not currently have any arrangements for financing, and it may not be able to find such financing if required. Obtaining additional financing would be subject to a number of factors, including investor sentiment. Market factors may make the timing, amount, terms or conditions of additional financing unavailable to it. These uncertainties raise substantial doubt about the ability of the Company to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of these uncertainties. Since its acquisition of a controlling interest in August 2023, Zenith Energy Ltd. (“Zenith Energy”), our controlling stockholder, has provided approximately $307,500 in working capital on behalf of the Company and also put in $45,000 paid in capital. Zenith Energy has indicated that intends to continue to finance the Company and its expansion into the energy sector, pending the receipt of additional financing. The Company’s significant accounting policies are summarized in Note 2 of the Company’s Annual Report on Form 10-K for the year ended July 31, 2023. There were no significant changes to these accounting policies during the three and nine months ended April 30, 2024, and the Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements. Restatement of previously issued consolidated financial statements The Company identified series of misstatements and restated its previously issued financial statements for the years ended July 31, 2023 and 2022 in the Form 10-K filed with SEC on April 17, 2024 Accordingly, the Company has restated the accompanying unaudited consolidated financial statements for the nine-month ended April 30, 2023 that were previously included in the Form 10-Q filed with the SEC on July 6, 2023. The restatement primarily relates to equity retrospectively restatement, convertible bonds redemption liability and liabilities write off upon controlling interest transfer in August 2023. Major Restatement Background In October 2022, the stockholders representing a majority of the Company's issued voting shares, as well as the Company's Board of Directors approved a reverse stock split whereby each 840 pre-split shares of common stock shall be exchanged for one post-split share of common stock. Common stock, additional paid-in capital and per share data was not presented on a retroactive basis to reflect the reverse stock split in previously filed 10-K. The Company corrected the Changes in Stockholder’s Equity to retrospectively state the movement. Subsequently on August 23, 2023, the original major stockholder, JanBella Group, LLC, sold the 100,000 Series A Preferred Shares it held to Zenith Energy Ltd. for consideration of approximately $398,400. In the change in control transaction, Zenith Energy acquired 99.87% of the voting power of the Company. Upon the share transfer, Zenith Energy bear the settlement for all existing convertible promissory notes and also partial accounts payable balance, the remining liabilities balance were written off per controlling interest transfer. The Company previously recorded the redemption of convertible promissory notes and payment of accounts payable balance by Zenith Energy as other income. After reassessing the situation, the Company corrected the mistake to record the portion paid by Zenith Energy as a paid in capital from stockholder. The Company also reversed an other income generated from tax payable balance written off previously recorded in the three month ended April 30, 2023 based on the fact that the former stockholder JanBella Group, LLC did not pay off the tax balance by the completion of controlling interest transfer. The impact of restatement The following table summarized the effect of the restatement on each financial statement line items as of and for the nine month ended April 30, 2023, as indicated: Summary of restatement – Unaudited consolidated statements of operations and comprehensive loss For the three month period ended For the nine month period ended 30-Apr-23 RESTATED 30-Apr-23 PREVIOUSLY FILED 30-Apr-23 RESTATED 30-Apr-23 PREVIOUSLY FILED $ $ $ $ Net Sales - - - - Cost of Goods Sold - - - - Gross Income - - - - General and administrative 23,860 29,321 86,065 47,884 Negotiating expenses - - - - Total operating expenses 23,860 29,321 86,065 47,884 Operating loss (23,860 ) (29,321 ) (86,065 ) (47,884 ) Net loss (23,860 ) (29,321 ) (86,065 ) (47,884 ) Net loss per share – basic and diluted (0.01 ) (0.01 ) (0.08 ) (0.04 ) Weighted average shares outstanding – basic and diluted 1,272,892 1,272,892 1,079,077 1,272,892 Summary of restatement – unaudited consolidated statement of changes in stockholders’ deficit UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT For the nine-month period ended April 30, 2023 (Unaudited and Restated) Common Stock Preferred Stock Number Par Value Number Par Value paid in Capital Accumulated Deficit Total $ $ $ $ $ Opening balance as of July 31, 2022 961,448 961 - - 11,123,597 (11,323,253 ) (198,695 ) Issuance of Common stock from convertible notes conversion 98,160 98 - - 23,388 - 23,486 Issuance of Common Stock 37,079 37 - - - - 37 Cancellation of Common shares (37,079 ) (37 ) - - - - (37 ) Net Loss - - - - - (23,758 ) (23,758 ) Closing Balance as of October, 2022 1,059,608 1,059 - - 11,146,985 (11,347,011 ) (198,967 ) Issuance of Common Stock 2,034 2 - - - - 2 Issuance of Preferred stock 300,000 300 - - 300 Cancellation of Preferred stock (200,000 ) (200 ) - - (200 ) Net Loss (38,447 ) (38,447 ) Closing Balance as of January 30, 2023 1,061,643 1,061 100,000 100 11,146,985 (11,385,458 ) (237,312 ) Issuance of Common Stock 211,273 211 - - 8,200 - 8,411 Net Loss - - - - (23,860 ) (23,860 ) Closing Balance as of April 30, 2023 1,272,916 1,272 100,000 100 11,155,185 (11,409,318 ) (252,761 ) UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT For the nine-month period ended April 30, 2023 (Previously filed) Common Stock Preferred Stock Additional Shares Number Par Value Number Par Value Paid in Capital to be issued Accumulated Deficit Total $ $ $ $ $ $ Opening Balance as of July 31, 2022 807,616,147 444,701 100,000 100 10,654,292 - (10,882,935 ) 216,158 Issuance of Common Stock 98,045,405 62,052 - - (30,152 ) - 31,900 Preferred Stock Issued - - 200,000 200 - - - 200 Cancellation of Common Shares (904,390,639 ) - - - - - - - Round up Shares 2,004 2 - - (2 ) - - - Net Loss - - - - - (47,884 ) (47,884 ) Closing Balance as of April 30, 2023 1,272,917 506,755 300,000 300 10,624,138 - (10,930,818 ) 200,374 Summary of restatement – unaudited condensed consolidated statement of cash flows For the nine month period ended April 30, 2023 2023 (Unaudited and Restated) (Previously filed) $ $ Cash flows from operating activities Net loss for the period (86,065 ) (47,884 ) Adjustments to reconcile net loss to cash used in operating activities: Original initial discount and legal processing 19,340 Change in operating assets and liabilities Deposits & prepayments - - Accounts payable and accrued liabilities 5,364 (27,078 ) Net cash provided from (used in) operating activities (61,361 ) (74,961 ) Cash flows from investing activities Software development (60,942 ) (60,942 ) Net cash used in investing activities (60,942 ) (60,942 ) Cash flows from financing activities Change in convertible notes payable 102,436 103,486 Proceeds from Loan 22,000 - Loan Repayment (11,000 ) - Proceeds from issuance of preferred shares 100 200 Proceeds from issuance of common shares 8,450 62,054 Proceeds from issuance of additional paid in capital - (30,154 ) Net cash provided by financing activities 121,986 135,586 Change in Cash (317 ) (317 ) Cash – beginning of period 320 320 Cash – end of period 3 3 |
Other assets
Other assets | 9 Months Ended |
Apr. 30, 2024 | |
Other assets | |
Other assets | Note 3. Other assets On January 17, 2024, the Company purchased a 5% royalty interest in a package of seven (7) producing oil wells located in the Eagle Ford Shale, Lavaca County, Texas (the “Eagle Acquisition”). The Eagle Acquisition is the Company’s first transaction in the U.S. energy production and development sector. The Company intends to complete additional acquisitions of this kind in the near future and continue its focus on the U.S. energy sector. |
Net ProfitLoss Per Common Share
Net ProfitLoss Per Common Share | 9 Months Ended |
Apr. 30, 2024 | |
Net ProfitLoss Per Common Share | |
Net Profit/Loss Per Common Share | Note 4 . Net Profit/Loss Per Common Share Basic profit/loss per common share is computed based on the weighted average number of shares outstanding during the year. Diluted earnings per common share is computed by dividing net loss by the weighted average number of common shares and potential common shares during the specified periods. The Company has no outstanding options or warrants that could affect the calculated number of shares. Common stock equivalents related to convertible debt are detailed in Note 5. |
Convertible Notes Payable and L
Convertible Notes Payable and Loan Payable | 9 Months Ended |
Apr. 30, 2024 | |
Convertible Notes Payable and Loan Payable | |
Convertible Notes Payable and Loan Payable | Note 5 . Convertible Notes Payable and Loan Payable As of July 31, 2023, the Company holds a balance of convertible note payable in the amount of $179,150, and a balance of loan payable in the amount of $13,134. Loan payable balance was written off in August 2023, in connection with the Zenith Energy’s group acquisition, and the Company recognized a other income from the writing off. All convertible promissory notes balance were fully redeemed and paid by Zenith Energy. Convertible Promissory Note On January 4, 2022, the Company issued a convertible promissory note to an otherwise unaffiliated investor in the original principal amount of $50,000 with a gross proceed of $46,250. The note would mature on January 4, 2023. The note carries a 10% interest rate and was partially converted into 64,504 shares at an average of $ 0.41 per share by July 25, 2022, and the remaining balance of $23,450 as of July 31,2022 was fully converted into 98,160 shares at an average of $0.24 per share by August 23, 2023. On May 9, 2022, the Company issued a convertible promissory note to an otherwise unaffiliated investor in the original principal amount of $53,750 and a gross proceed of $53,750. The note would mature on May 9, 2023. The note carries a 10% interest rate and as of July 31, 2023, the note was in default. The balance and interest accrued in total of 60,730 have been redeemed and paid by Zenith Energy in full amount in August 2023. On September 13, 2022, the Company issued a convertible promissory note to an otherwise unaffiliated investor in the original principal amount of $33,000 with a gross proceed of $30,000. The note would mature on September 13, 2023. The note carries a 10% interest rate and the balance has been redeemed and paid by Zenith Energy in full amount in August 2023. On December 15, 2022, the Company issued a convertible promissory note to JanBella Group, LLC (“JanBella”) in the original principal amount of $46,750 and a gross proceed of $40,000. During the year ended July 31,2023, $12,564 has been redeemed in cash and leaving a balance of $34,186 as of July, 31,2023. The note would mature on December 15, 2023. The note carries a 10% interest rate; There were 100,000 shares of Series A Preferred Shares had been issued and pledged to secure the note made by the Company to JanBella. On June 27, 2023, JanBella acquired the 100,000 outstanding Series A Preferred Shares in satisfaction of this promissory note. The balance of $34,186 been redeemed and paid by Zenith Energy in full amount per preferred share transfer agreement entered by JanBella and Zenith Energy in August 2023. On January 17, 2023, the Company issued a convertible promissory note to an otherwise unaffiliated investor in the original principal amount of $48,750 and a gross proceeds of $45,000. The note would mature on January 17, 2024. The note carries a 10% interest rate and the balance of $51,354 has been redeemed and paid by Zenith Energy in full amount in August 2023. As of April 30,2024, the Company has no convertible promissory note balance. |
Preferred Stock and Common Stoc
Preferred Stock and Common Stock | 9 Months Ended |
Apr. 30, 2024 | |
Preferred Stock and Common Stock | |
Preferred Stock and Common Stock | Note 6 . Preferred Stock and Common Stock Preferred Stock In December 2022 and January 2023, the Company issued total 200,000 shares of Series A Super Voting Preferred Stock (the “Series A Preferred Shares”) to an otherwise unaffiliated investor. These 200,000 Series A Preferred Shares were cancelled for 100,000 each time, on June 27 and July 07, 2023, respectively. On June 27, 2022, the Company issued 100,000 Series A Preferred Shares for consideration of $0.001 per share to an unaffiliated investor with 0 gross proceeds. The Series A Preferred Shares had been pledged to secure a note made by the Company to JanBella since December 15, 2022. On June 27, 2023, JanBella acquired 100,000 outstanding Series A Preferred Shares in satisfaction of a promissory note made by the Company in favor of JanBella, representing 99.87% of the voting power of the Company. On August 23, 2023, JanBella sold its Series A Preferred Shares it held to Zenith Energy Ltd. (“Zenith Energy”). Zenith Energy. In the change in control transaction, Zenith Energy acquired the 100,000 Series A Preferred Shares from JanBella for consideration of approximately $398,400. The Series A Stock shall have the following preferences, powers, designations and other special rights: Each Series A Preferred Share entitles the Unaffiliated investor to 10,000 votes on all matters submitted to the stockholders of the Company's common stock. The Unaffiliated investor of the Series A Preferred Shares votes together with the Unaffiliated investors of common stock as a single class upon all matters submitted to a vote of stockholders. · The Unaffiliated investors of Series A Preferred Shares are not entitled to receive dividends paid on the Company's Common Stock. Upon liquidation, dissolution and winding up of the Company, whether voluntary or involuntary, the Unaffiliated investors of the Series A Preferred Shares then outstanding are not entitled to receive out of the assets of the Company, whether from capital or earnings available for distribution, any amounts which will be otherwise available to and distributed to the holders of common stock. Common Stock Effective January 18, 2013, the Company filed with Secretary of State of Nevada a Certificate of Change that affected a 1:50 reverse split in the Company's outstanding common stock and a reduction of the Company’s authorized common stock in the same 1:50 ratio, from 500,000,000 shares to 10,000,000 shares. The Company has retroactively restated all share amounts to show effects of the Common Stock split. On August 18, 2021, the Company increased its authorized capital to 5,000,000,000 shares of common stock with par value $0.00075. During the three and nine-months ended April 30, 2024, the Company issued no common stock. In October 2022, the stockholders representing a majority of the Company's issued voting shares, as well as the Company's Board of Directors approved a reverse stock split whereby each 840 pre-split shares of common stock shall be exchanged for one post-split share of common stock. Concurrently with the reverse split, the Company has approved the decrease in its authorized shares of common stock from 5,000,000,000 shares with par value $0.00075 to 250,000,000 shares with par value $0.001. The Company has retroactively restated all share amounts to show effects of the reverse split. During the nine months ended April 30, 2023, the Company issued 348,546 shares of common stock for total proceeds of $31,897. The Company also cancelled 37,079 shares of common stock for no monetary amount. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Apr. 30, 2024 | |
Related Party Transactions | |
Related Party Transactions | Note 7 . Related Party Transactions There were no reportable related party transactions during three and nine month ended April 30, 2024 and 2023. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Apr. 30, 2024 | |
Commitments and Contingencies | |
Commitments and Contingencies | Note 8 . Commitments and Contingencies From time to time, the Company may be involved in litigation in the ordinary course of business. The Company is not currently involved in any litigation that the Company believe could have a material adverse effect on its financial condition or results of operations. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Apr. 30, 2024 | |
Subsequent Events | |
Subsequent Events | Note 9 . Subsequent Events Management evaluated all additional events through June 23, 2024, which is the date the financial statements were available to be issued. Based upon this review, unless noted below, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the financial statements. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Apr. 30, 2024 | |
Summary of Significant Accounting Policies | |
Basis of Presentation | The accompanying unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the unaudited interim financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The accompanying unaudited condensed consolidated financial statements include the accounts of Leopard Energy, Inc. (formerly known as Cyber Apps World Inc.) (the “Company”). These financial statements are condensed and, therefore, do not include all disclosures normally required by accounting principles generally accepted in the United States of America. Therefore, these statements should be read in conjunction with the most recent annual financial statements of the Company for the year ended July 31, 2023, included in the Company’s Form 10-K filed with the Securities and Exchange Commission. In particular, the Company’s significant accounting principles were presented as Note 2 to the Financial Statements in that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying interim condensed financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying interim condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending July 31, 2024. |
Going Concern | The accompanying unaudited interim consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As reflected in the accompanying unaudited interim financial statements for the nine months ended April 30, 2024, the Company incurred net loss of $199,947. As of April 30, 2024, the Company had accumulated deficit of $11,672,094 and a working capital deficit of $202,492. Management believes these factors raise substantial doubt about the Company’s ability to continue as a going concern for the next twelve months. The Company’s financial statements for the three and nine months ended April 30, 2024, have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. The Company during the three and nine months ended April 30, 2024, started to cash the first revenues from the 5% royalty interest in a package of seven (7) producing oil wells located in the Eagle Ford Shale, Lavaca County, Texas (the “Eagle Acquisition”), acquired on January 17, 2024. Management recognized that the Company’s continued existence is dependent upon its ability to obtain needed working capital through additional equity and/or debt financing and revenue to cover expenses as the Company continues to incur losses. Since its incorporation, the Company has financed its operations through advances from its controlling stockholders, third-party convertible debt, and the sale of its common stock. Management’s plans are to finance operations through the sale of equity or other investments for the foreseeable future, as the Company does not receive significant revenue from its business operations. There is no guarantee that the Company will be successful in arranging financing on acceptable terms. The Company’s ability to raise additional capital is affected by trends and uncertainties beyond its control. The Company does not currently have any arrangements for financing, and it may not be able to find such financing if required. Obtaining additional financing would be subject to a number of factors, including investor sentiment. Market factors may make the timing, amount, terms or conditions of additional financing unavailable to it. These uncertainties raise substantial doubt about the ability of the Company to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of these uncertainties. Since its acquisition of a controlling interest in August 2023, Zenith Energy Ltd. (“Zenith Energy”), our controlling stockholder, has provided approximately $307,500 in working capital on behalf of the Company and also put in $45,000 paid in capital. Zenith Energy has indicated that intends to continue to finance the Company and its expansion into the energy sector, pending the receipt of additional financing. The Company’s significant accounting policies are summarized in Note 2 of the Company’s Annual Report on Form 10-K for the year ended July 31, 2023. There were no significant changes to these accounting policies during the three and nine months ended April 30, 2024, and the Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements. |
Restatement of previously issued consolidated financial statements | The Company identified series of misstatements and restated its previously issued financial statements for the years ended July 31, 2023 and 2022 in the Form 10-K filed with SEC on April 17, 2024 Accordingly, the Company has restated the accompanying unaudited consolidated financial statements for the nine-month ended April 30, 2023 that were previously included in the Form 10-Q filed with the SEC on July 6, 2023. The restatement primarily relates to equity retrospectively restatement, convertible bonds redemption liability and liabilities write off upon controlling interest transfer in August 2023. Major Restatement Background In October 2022, the stockholders representing a majority of the Company's issued voting shares, as well as the Company's Board of Directors approved a reverse stock split whereby each 840 pre-split shares of common stock shall be exchanged for one post-split share of common stock. Common stock, additional paid-in capital and per share data was not presented on a retroactive basis to reflect the reverse stock split in previously filed 10-K. The Company corrected the Changes in Stockholder’s Equity to retrospectively state the movement. Subsequently on August 23, 2023, the original major stockholder, JanBella Group, LLC, sold the 100,000 Series A Preferred Shares it held to Zenith Energy Ltd. for consideration of approximately $398,400. In the change in control transaction, Zenith Energy acquired 99.87% of the voting power of the Company. Upon the share transfer, Zenith Energy bear the settlement for all existing convertible promissory notes and also partial accounts payable balance, the remining liabilities balance were written off per controlling interest transfer. The Company previously recorded the redemption of convertible promissory notes and payment of accounts payable balance by Zenith Energy as other income. After reassessing the situation, the Company corrected the mistake to record the portion paid by Zenith Energy as a paid in capital from stockholder. The Company also reversed an other income generated from tax payable balance written off previously recorded in the three month ended April 30, 2023 based on the fact that the former stockholder JanBella Group, LLC did not pay off the tax balance by the completion of controlling interest transfer. The following table summarized the effect of the restatement on each financial statement line items as of and for the nine month ended April 30, 2023, as indicated: Summary of restatement – Unaudited consolidated statements of operations and comprehensive loss For the three month period ended For the nine month period ended 30-Apr-23 RESTATED 30-Apr-23 PREVIOUSLY FILED 30-Apr-23 RESTATED 30-Apr-23 PREVIOUSLY FILED $ $ $ $ Net Sales - - - - Cost of Goods Sold - - - - Gross Income - - - - General and administrative 23,860 29,321 86,065 47,884 Negotiating expenses - - - - Total operating expenses 23,860 29,321 86,065 47,884 Operating loss (23,860 ) (29,321 ) (86,065 ) (47,884 ) Net loss (23,860 ) (29,321 ) (86,065 ) (47,884 ) Net loss per share – basic and diluted (0.01 ) (0.01 ) (0.08 ) (0.04 ) Weighted average shares outstanding – basic and diluted 1,272,892 1,272,892 1,079,077 1,272,892 Summary of restatement – unaudited consolidated statement of changes in stockholders’ deficit UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT For the nine-month period ended April 30, 2023 (Unaudited and Restated) Common Stock Preferred Stock Number Par Value Number Par Value paid in Capital Accumulated Deficit Total $ $ $ $ $ Opening balance as of July 31, 2022 961,448 961 - - 11,123,597 (11,323,253 ) (198,695 ) Issuance of Common stock from convertible notes conversion 98,160 98 - - 23,388 - 23,486 Issuance of Common Stock 37,079 37 - - - - 37 Cancellation of Common shares (37,079 ) (37 ) - - - - (37 ) Net Loss - - - - - (23,758 ) (23,758 ) Closing Balance as of October, 2022 1,059,608 1,059 - - 11,146,985 (11,347,011 ) (198,967 ) Issuance of Common Stock 2,034 2 - - - - 2 Issuance of Preferred stock 300,000 300 - - 300 Cancellation of Preferred stock (200,000 ) (200 ) - - (200 ) Net Loss (38,447 ) (38,447 ) Closing Balance as of January 30, 2023 1,061,643 1,061 100,000 100 11,146,985 (11,385,458 ) (237,312 ) Issuance of Common Stock 211,273 211 - - 8,200 - 8,411 Net Loss - - - - (23,860 ) (23,860 ) Closing Balance as of April 30, 2023 1,272,916 1,272 100,000 100 11,155,185 (11,409,318 ) (252,761 ) UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ DEFICIT For the nine-month period ended April 30, 2023 (Previously filed) Common Stock Preferred Stock Additional Shares Number Par Value Number Par Value Paid in Capital to be issued Accumulated Deficit Total $ $ $ $ $ $ Opening Balance as of July 31, 2022 807,616,147 444,701 100,000 100 10,654,292 - (10,882,935 ) 216,158 Issuance of Common Stock 98,045,405 62,052 - - (30,152 ) - 31,900 Preferred Stock Issued - - 200,000 200 - - - 200 Cancellation of Common Shares (904,390,639 ) - - - - - - - Round up Shares 2,004 2 - - (2 ) - - - Net Loss - - - - - (47,884 ) (47,884 ) Closing Balance as of April 30, 2023 1,272,917 506,755 300,000 300 10,624,138 - (10,930,818 ) 200,374 Summary of restatement – unaudited condensed consolidated statement of cash flows For the nine month period ended April 30, 2023 2023 (Unaudited and Restated) (Previously filed) $ $ Cash flows from operating activities Net loss for the period (86,065 ) (47,884 ) Adjustments to reconcile net loss to cash used in operating activities: Original initial discount and legal processing 19,340 Change in operating assets and liabilities Deposits & prepayments - - Accounts payable and accrued liabilities 5,364 (27,078 ) Net cash provided from (used in) operating activities (61,361 ) (74,961 ) Cash flows from investing activities Software development (60,942 ) (60,942 ) Net cash used in investing activities (60,942 ) (60,942 ) Cash flows from financing activities Change in convertible notes payable 102,436 103,486 Proceeds from Loan 22,000 - Loan Repayment (11,000 ) - Proceeds from issuance of preferred shares 100 200 Proceeds from issuance of common shares 8,450 62,054 Proceeds from issuance of additional paid in capital - (30,154 ) Net cash provided by financing activities 121,986 135,586 Change in Cash (317 ) (317 ) Cash – beginning of period 320 320 Cash – end of period 3 3 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 9 Months Ended |
Apr. 30, 2024 | |
Summary of Significant Accounting Policies | |
Summary of restatement on financial statement | For the three month period ended For the nine month period ended 30-Apr-23 RESTATED 30-Apr-23 PREVIOUSLY FILED 30-Apr-23 RESTATED 30-Apr-23 PREVIOUSLY FILED $ $ $ $ Net Sales - - - - Cost of Goods Sold - - - - Gross Income - - - - General and administrative 23,860 29,321 86,065 47,884 Negotiating expenses - - - - Total operating expenses 23,860 29,321 86,065 47,884 Operating loss (23,860 ) (29,321 ) (86,065 ) (47,884 ) Net loss (23,860 ) (29,321 ) (86,065 ) (47,884 ) Net loss per share – basic and diluted (0.01 ) (0.01 ) (0.08 ) (0.04 ) Weighted average shares outstanding – basic and diluted 1,272,892 1,272,892 1,079,077 1,272,892 Common Stock Preferred Stock Number Par Value Number Par Value paid in Capital Accumulated Deficit Total $ $ $ $ $ Opening balance as of July 31, 2022 961,448 961 - - 11,123,597 (11,323,253 ) (198,695 ) Issuance of Common stock from convertible notes conversion 98,160 98 - - 23,388 - 23,486 Issuance of Common Stock 37,079 37 - - - - 37 Cancellation of Common shares (37,079 ) (37 ) - - - - (37 ) Net Loss - - - - - (23,758 ) (23,758 ) Closing Balance as of October, 2022 1,059,608 1,059 - - 11,146,985 (11,347,011 ) (198,967 ) Issuance of Common Stock 2,034 2 - - - - 2 Issuance of Preferred stock 300,000 300 - - 300 Cancellation of Preferred stock (200,000 ) (200 ) - - (200 ) Net Loss (38,447 ) (38,447 ) Closing Balance as of January 30, 2023 1,061,643 1,061 100,000 100 11,146,985 (11,385,458 ) (237,312 ) Issuance of Common Stock 211,273 211 - - 8,200 - 8,411 Net Loss - - - - (23,860 ) (23,860 ) Closing Balance as of April 30, 2023 1,272,916 1,272 100,000 100 11,155,185 (11,409,318 ) (252,761 ) Common Stock Preferred Stock Additional Shares Number Par Value Number Par Value Paid in Capital to be issued Accumulated Deficit Total $ $ $ $ $ $ Opening Balance as of July 31, 2022 807,616,147 444,701 100,000 100 10,654,292 - (10,882,935 ) 216,158 Issuance of Common Stock 98,045,405 62,052 - - (30,152 ) - 31,900 Preferred Stock Issued - - 200,000 200 - - - 200 Cancellation of Common Shares (904,390,639 ) - - - - - - - Round up Shares 2,004 2 - - (2 ) - - - Net Loss - - - - - (47,884 ) (47,884 ) Closing Balance as of April 30, 2023 1,272,917 506,755 300,000 300 10,624,138 - (10,930,818 ) 200,374 For the nine month period ended April 30, 2023 2023 (Unaudited and Restated) (Previously filed) $ $ Cash flows from operating activities Net loss for the period (86,065 ) (47,884 ) Adjustments to reconcile net loss to cash used in operating activities: Original initial discount and legal processing 19,340 Change in operating assets and liabilities Deposits & prepayments - - Accounts payable and accrued liabilities 5,364 (27,078 ) Net cash provided from (used in) operating activities (61,361 ) (74,961 ) Cash flows from investing activities Software development (60,942 ) (60,942 ) Net cash used in investing activities (60,942 ) (60,942 ) Cash flows from financing activities Change in convertible notes payable 102,436 103,486 Proceeds from Loan 22,000 - Loan Repayment (11,000 ) - Proceeds from issuance of preferred shares 100 200 Proceeds from issuance of common shares 8,450 62,054 Proceeds from issuance of additional paid in capital - (30,154 ) Net cash provided by financing activities 121,986 135,586 Change in Cash (317 ) (317 ) Cash – beginning of period 320 320 Cash – end of period 3 3 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 15 Months Ended | ||||||
Apr. 30, 2024 | Jan. 31, 2024 | Oct. 31, 2023 | Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Apr. 30, 2024 | Apr. 30, 2023 | Apr. 30, 2024 | |
Net Sales | $ 2,014 | $ 0 | $ 2,014 | $ 0 | |||||
Cost of Goods Sold | 0 | 0 | 0 | 0 | |||||
Gross Income | 2,014 | 0 | 2,014 | 0 | |||||
General and administrative | 137,756 | 23,860 | 212,999 | 86,065 | |||||
Negotiating expenses | 8,487 | 0 | 33,952 | 0 | |||||
Total operating expenses | 146,243 | 23,860 | 246,951 | 86,065 | |||||
Operating loss | (144,229) | (23,860) | (244,937) | (86,065) | |||||
Net loss | $ (144,390) | $ (36,986) | $ (18,571) | $ (23,860) | $ (38,447) | $ (23,758) | $ (199,947) | $ (86,065) | $ (144,390) |
Net loss per share - basic and diluted | $ (0.11) | $ (0.02) | $ (0.16) | $ (0.08) | |||||
Weighted average shares outstanding - basic and diluted | 1,272,917 | 1,272,892 | 1,272,917 | 1,079,077 | |||||
RESTATED [Member] | |||||||||
Net Sales | $ 0 | $ 0 | |||||||
Cost of Goods Sold | 0 | 0 | |||||||
Gross Income | 0 | 0 | |||||||
General and administrative | 23,860 | 86,065 | |||||||
Negotiating expenses | 0 | 0 | |||||||
Total operating expenses | 23,860 | 86,065 | |||||||
Operating loss | (23,860) | (86,065) | |||||||
Net loss | $ (23,860) | $ (86,065) | |||||||
Net loss per share - basic and diluted | $ (0.01) | $ (0.08) | |||||||
Weighted average shares outstanding - basic and diluted | 1,272,892 | 1,079,077 | |||||||
PREVIOUSLY FILED [Member] | |||||||||
Net Sales | $ 0 | $ 0 | |||||||
Cost of Goods Sold | 0 | 0 | |||||||
Gross Income | 0 | 0 | |||||||
General and administrative | 29,321 | 47,884 | |||||||
Negotiating expenses | 0 | 0 | |||||||
Total operating expenses | 29,321 | 47,884 | |||||||
Operating loss | (29,321) | (47,884) | |||||||
Net loss | $ (29,321) | $ (47,884) | |||||||
Net loss per share - basic and diluted | $ (0.01) | $ (0.04) | |||||||
Weighted average shares outstanding - basic and diluted | 1,272,892 | 1,272,892 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies (Details 1) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Apr. 30, 2023 | |
Issuance of Common stock from convertible notes conversion, amount | $ 23,486 | |||
Issuance of Common Stock, amount | $ 8,411 | $ 2 | 37 | |
Issuance of Preferred stock, amount | 300 | |||
Cancellation of Common shares, amount | (37) | |||
Cancellation of Preferred stock, amount | (200) | |||
RESTATED [Member] | ||||
Opening Balance, amount | (237,312) | (198,967) | (198,695) | $ (237,312) |
Issuance of Common stock from convertible notes conversion, amount | 23,486 | |||
Issuance of Common Stock, amount | 8,411 | 2 | 37 | |
Issuance of Preferred stock, amount | 300 | |||
Cancellation of Common shares, amount | (37) | |||
Cancellation of Preferred stock, amount | (200) | |||
Net Loss | (23,860) | (38,447) | (23,758) | |
Closing Balance, amount | (252,761) | (237,311) | (198,966) | (252,761) |
RESTATED [Member] | Common Stock [Member] | ||||
Opening Balance, amount | $ 1,061 | $ 1,059 | $ 961 | $ 1,061 |
Opening Balance, Shares | 1,061,643 | 1,059,608 | 961,448 | 1,061,643 |
Issuance of Common stock from convertible notes conversion, amount | $ 98 | |||
Issuance of Common Stock, amount | $ 211 | $ 2 | 37 | |
Cancellation of Common shares, amount | (37) | |||
Net Loss | 0 | 0 | ||
Closing Balance, amount | $ 1,272 | $ 1,061 | $ 1,059 | $ 1,272 |
Closing Balance, shares | 1,272,916 | 1,061,643 | 1,059,608 | 1,272,916 |
Issuance of Common stock from convertible notes conversion, shares | 98,160 | |||
Issuance of Common Stock, shares | 211,273 | 2,034 | 37,079 | |
Cancellation of Common shares, shares | (37,079) | |||
RESTATED [Member] | Preferred Stock [Member] | ||||
Opening Balance, amount | $ 100 | $ 0 | $ 0 | $ 100 |
Opening Balance, Shares | 100,000 | 100,000 | ||
Issuance of Common stock from convertible notes conversion, amount | 0 | |||
Issuance of Common Stock, amount | $ 0 | $ 0 | 0 | |
Issuance of Preferred stock, shares | 300,000 | |||
Issuance of Preferred stock, amount | $ 300 | |||
Cancellation of Common shares, amount | 0 | |||
Cancellation of Preferred stock, shares | (200,000) | |||
Cancellation of Preferred stock, amount | $ (200) | |||
Net Loss | 0 | $ 0 | ||
Closing Balance, amount | $ 100 | $ 100 | $ 100 | |
Closing Balance, shares | 100,000 | 100,000 | 0 | 100,000 |
RESTATED [Member] | Additional Paid In Capital [Member] | ||||
Opening Balance, amount | $ 11,146,985 | $ 11,146,985 | $ 11,123,597 | $ 11,146,985 |
Issuance of Common stock from convertible notes conversion, amount | 23,388 | |||
Issuance of Common Stock, amount | 8,200 | 0 | 0 | |
Issuance of Preferred stock, amount | 0 | |||
Cancellation of Common shares, amount | 0 | 0 | ||
Net Loss | 0 | |||
Closing Balance, amount | 11,155,185 | 11,146,986 | 11,146,986 | 11,155,185 |
RESTATED [Member] | Accumulated Deficit [Member] | ||||
Opening Balance, amount | (11,385,458) | (11,347,011) | (11,323,253) | (11,385,458) |
Issuance of Common stock from convertible notes conversion, amount | 0 | |||
Issuance of Common Stock, amount | 0 | 0 | 0 | |
Issuance of Preferred stock, amount | 0 | |||
Cancellation of Common shares, amount | 0 | 0 | ||
Net Loss | (23,860) | (38,447) | (23,758) | |
Closing Balance, amount | (11,409,318) | $ (11,385,458) | $ (11,347,011) | (11,409,318) |
PREVIOUSLY FILED [Member] | ||||
Opening Balance, amount | 216,158 | 216,158 | ||
Issuance of Common Stock, amount | 31,900 | |||
Cancellation of Common shares, amount | 0 | |||
Net Loss | (47,884) | |||
Closing Balance, amount | 200,374 | 200,374 | ||
Preferred Stock Issued, amount | 200 | |||
Round up Shares, amount | 0 | |||
PREVIOUSLY FILED [Member] | Common Stock [Member] | ||||
Opening Balance, amount | $ 444,701 | $ 444,701 | ||
Opening Balance, Shares | 807,616,147 | 807,616,147 | ||
Issuance of Common Stock, amount | $ 62,052 | |||
Cancellation of Common shares, amount | 0 | |||
Closing Balance, amount | $ 506,755 | $ 506,755 | ||
Closing Balance, shares | 1,272,917 | 1,272,917 | ||
Issuance of Common Stock, shares | 98,045,405 | |||
Cancellation of Common shares, shares | (904,390,639) | |||
Preferred Stock Issued, amount | $ 0 | |||
Round up Shares, shares | 2,004 | |||
Round up Shares, amount | $ 2 | |||
PREVIOUSLY FILED [Member] | Preferred Stock [Member] | ||||
Opening Balance, amount | $ 100 | $ 100 | ||
Opening Balance, Shares | 100,000 | 100,000 | ||
Issuance of Common Stock, amount | $ 0 | |||
Cancellation of Common shares, amount | 0 | |||
Net Loss | 0 | |||
Closing Balance, amount | $ 300 | $ 300 | ||
Closing Balance, shares | 300,000 | 300,000 | ||
Preferred Stock Issued, shares | 200,000 | |||
Preferred Stock Issued, amount | $ 200 | |||
Round up Shares, amount | 0 | |||
PREVIOUSLY FILED [Member] | Additional Paid In Capital [Member] | ||||
Opening Balance, amount | $ 10,654,292 | 10,654,292 | ||
Issuance of Common Stock, amount | (30,152) | |||
Cancellation of Common shares, amount | 0 | |||
Net Loss | 0 | |||
Closing Balance, amount | 10,624,138 | 10,624,138 | ||
Preferred Stock Issued, amount | 0 | |||
Round up Shares, amount | (2) | |||
PREVIOUSLY FILED [Member] | Accumulated Deficit [Member] | ||||
Opening Balance, amount | (10,882,935) | (10,882,935) | ||
Issuance of Common Stock, amount | 0 | |||
Cancellation of Common shares, amount | 0 | |||
Net Loss | (47,884) | |||
Closing Balance, amount | (10,930,818) | (10,930,818) | ||
Preferred Stock Issued, amount | 0 | |||
Round up Shares, amount | 0 | |||
PREVIOUSLY FILED [Member] | Shares to be issued [Member] | ||||
Opening Balance, amount | 0 | 0 | ||
Cancellation of Common shares, amount | 0 | |||
Net Loss | 0 | |||
Closing Balance, amount | $ 0 | 0 | ||
Preferred Stock Issued, amount | 0 | |||
Round up Shares, amount | $ 0 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies (Details 2) - USD ($) | 9 Months Ended | 12 Months Ended | |
Apr. 30, 2024 | Apr. 30, 2023 | Jul. 31, 2023 | |
Net loss for the period | $ 199,947 | $ 86,065 | |
Original initial discount and legal processing | 0 | 19,340 | |
Deposits & prepayments | (3,561) | 0 | |
Accounts payable and accrued liabilities | 128,414 | 5,364 | |
Net cash provided from (used in) operating activities | (3,672) | (61,361) | |
Software Development | 0 | (60,942) | |
Net cash used in investing activities | (39,280) | (60,942) | |
Change in convertible notes payable | 0 | 102,436 | |
Proceeds from loan | 0 | 22,000 | |
Loan Repayment | 0 | (11,000) | |
Proceeds from issuance of preferred shares | 0 | 100 | |
Proceeds from issuance of common shares | 0 | 8,450 | $ 179,150 |
Proceeds from issuance of additional paid in capital | 45,000 | 0 | |
Net cash provided by financing activities | 45,000 | 121,986 | |
Change in Cash | 2,048 | (317) | |
Cash - beginning of period | 3 | 320 | 320 |
Cash - end of period | $ 2,051 | 3 | 3 |
RESTATED [Member] | |||
Net loss for the period | (86,065) | ||
Original initial discount and legal processing | 19,340 | ||
Deposits & prepayments | 0 | ||
Accounts payable and accrued liabilities | 5,364 | ||
Net cash provided from (used in) operating activities | (61,361) | ||
Software Development | (60,942) | ||
Net cash used in investing activities | (60,942) | ||
Change in convertible notes payable | 102,436 | ||
Proceeds from loan | 22,000 | ||
Loan Repayment | (11,000) | ||
Proceeds from issuance of preferred shares | 100 | ||
Proceeds from issuance of common shares | 8,450 | ||
Net cash provided by financing activities | 121,986 | ||
Change in Cash | (317) | ||
Cash - beginning of period | 320 | 320 | |
Cash - end of period | 3 | ||
PREVIOUSLY FILED [Member] | |||
Net loss for the period | (47,884) | ||
Deposits & prepayments | 0 | ||
Accounts payable and accrued liabilities | (27,078) | ||
Net cash provided from (used in) operating activities | (74,961) | ||
Software Development | (60,942) | ||
Net cash used in investing activities | (60,942) | ||
Change in convertible notes payable | 103,486 | ||
Proceeds from loan | 0 | ||
Loan Repayment | 0 | ||
Proceeds from issuance of preferred shares | 200 | ||
Proceeds from issuance of common shares | 62,054 | ||
Proceeds from issuance of additional paid in capital | (30,154) | ||
Net cash provided by financing activities | 135,586 | ||
Change in Cash | (317) | ||
Cash - beginning of period | 320 | $ 320 | |
Cash - end of period | $ 3 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | 15 Months Ended | ||||||||
Apr. 30, 2024 | Jan. 31, 2024 | Oct. 31, 2023 | Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Apr. 30, 2024 | Apr. 30, 2023 | Apr. 30, 2024 | Jan. 17, 2024 | Jul. 31, 2023 | |
Net loss | $ (144,390) | $ (36,986) | $ (18,571) | $ (23,860) | $ (38,447) | $ (23,758) | $ (199,947) | $ (86,065) | $ (144,390) | ||
Accumulated deficit | $ (11,672,094) | $ (11,672,094) | $ (11,672,094) | $ (11,472,147) | |||||||
Royalty interest | 5% | 5% | 5% | 5% | |||||||
Working capital deficit | $ 202,492 | $ 202,492 | $ 202,492 | ||||||||
JanBella Group, LLC | Series A Preferred Shares | |||||||||||
Converted promissory note | 100,000 | 100,000 | 100,000 | 100,000 | |||||||
Voting right percentage | 99.87% | ||||||||||
Consideration Preferred Value | $ 398,400 | ||||||||||
Zenith Energy Ltd | |||||||||||
Working capital deficit | $ 307,500 | 307,500 | $ 307,500 | ||||||||
Additional paid in capital | $ 45,000 | $ 45,000 | $ 45,000 |
Other assets (Details Narrative
Other assets (Details Narrative) | Apr. 30, 2024 | Jan. 17, 2024 |
Other assets | ||
Royalty interest | 5% | 5% |
Convertible Notes Payable and_2
Convertible Notes Payable and Loan Payable (Details Narrative) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
Dec. 15, 2022 | Sep. 13, 2022 | May 09, 2022 | Jan. 04, 2022 | Aug. 23, 2023 | Jun. 27, 2023 | Jan. 17, 2023 | Apr. 30, 2024 | Apr. 30, 2023 | Jul. 31, 2023 | Jul. 31, 2022 | |
Proceeds from issuance of common stock | $ 0 | $ 8,450 | $ 179,150 | ||||||||
Principal amount | 0 | 179,150 | |||||||||
Loan payable | $ 0 | 13,134 | |||||||||
Convertible Notes Payable | |||||||||||
Principal amount | $ 33,000 | $ 53,750 | $ 50,000 | $ 48,750 | |||||||
Remaining balance | $ 23,450 | ||||||||||
Convertible notes bear interest rate | 10% | 10% | 10% | 10% | |||||||
Convertible gross proceed | $ 30,000 | $ 53,750 | $ 46,250 | $ 45,000 | |||||||
Converted promissory note | 64,504 | 98,160 | |||||||||
Outstanding payable balance | $ 51,354 | ||||||||||
Accrued Interest | $ 60,730 | ||||||||||
Per share | $ 0.41 | $ 0.24 | |||||||||
JanBella Group, LLC | |||||||||||
Convertible promissory note, Principal amount | $ 46,750 | ||||||||||
Cash redeemed | $ 12,564 | ||||||||||
Convertible notes bear interest rate | 10% | ||||||||||
Convertible gross proceed | $ 40,000 | ||||||||||
Outstanding convertible debt | $ 34,186 | ||||||||||
JanBella Group, LLC | Series A Preferred Shares | |||||||||||
Converted promissory note | 100,000 | 100,000 | |||||||||
Acquisition of preferred shares | 100,000 | 100,000 |
Preferred Stock and Common St_2
Preferred Stock and Common Stock (Details Narrative) | 1 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
Aug. 23, 2023 USD ($) integer shares | Jun. 27, 2023 shares | Jan. 31, 2023 shares | Jan. 18, 2013 shares | Apr. 30, 2024 USD ($) $ / shares shares | Apr. 30, 2023 USD ($) | Jul. 31, 2023 USD ($) $ / shares shares | Jul. 07, 2023 shares | Oct. 31, 2022 $ / shares shares | Jun. 27, 2022 $ / shares shares | Aug. 18, 2021 $ / shares shares | |
Reverse split | 1:50 | ||||||||||
Common stock shares issued | 348,546 | ||||||||||
Proceeds from issuance of common stock | $ | $ 0 | $ 8,450 | $ 179,150 | ||||||||
Common stock shares cancelled | 37,079 | ||||||||||
Common stock, share authorized | 250,000,000 | 250,000,000 | 5,000,000,000 | ||||||||
Preferred share issued | 100,000 | 100,000 | |||||||||
Common stock, par value | $ / shares | $ 0.001 | $ 0.001 | $ 0.00075 | ||||||||
Maximum [Member] | |||||||||||
Common stock, share authorized | 5,000,000,000 | ||||||||||
Common stock, par value | $ / shares | $ 0.00075 | ||||||||||
Minimum [Member] | |||||||||||
Common stock, share authorized | 250,000,000 | ||||||||||
Common stock, par value | $ / shares | $ 0.001 | ||||||||||
Series A Preferred Shares | |||||||||||
Preferred share issued | 100,000 | ||||||||||
Preferred stock, par value | $ / shares | $ 0.001 | ||||||||||
Shares issued during period, shares | 200,000 | ||||||||||
Cancellation of preferred shares | 100,000 | 200,000 | 100,000 | ||||||||
Common Stocks [Member] | |||||||||||
Proceeds from issuance of common stock | $ | $ 31,897 | ||||||||||
Common stock, share authorized | 500,000,000 | ||||||||||
JanBella Group, LLC | Series A Preferred Shares | |||||||||||
Number of votes entitles | integer | 10,000 | ||||||||||
Acquisition of preferred shares | 100,000 | 100,000 | |||||||||
Voting right percentage | 99.87% | ||||||||||
Consideration Preferred value | $ | $ 398,400 | ||||||||||
Voting rights description | Each Series A Preferred Share entitles the Unaffiliated investor to 10,000 votes on all matters submitted to the stockholders of the Company's common stock. The Unaffiliated investor of the Series A Preferred Shares votes together with the Unaffiliated investors of common stock as a single class upon all matters submitted to a vote of stockholders |