Leopard Energy (LEEN) 10-K 22 Nov 24 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jul. 31, 2024	Nov. 21, 2024	Jan. 31, 2024
Cover [Abstract]
Entity Registrant Name	Leopard Energy, Inc.
Entity Central Index Key	0001230524
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--07-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jul. 31, 2024
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		1,272,917
Entity Public Float			$ 407,333
Document Annual Report	true
Document Transition Report	false
Document Fin Stmt Error Correction Flag	false
Entity File Number	000-50693
Entity Incorporation State Country Code	NV
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
Icfr Auditor Attestation Flag	false
Auditor Name	WWC, P.C.
Auditor Location	San Mateo, California
Auditor Firm Id	1171
Local Phone Number	791595013
Security 12g Title	Common Stock, par value $0.001
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jul. 31, 2024	Jul. 31, 2023
Current assets:
Cash	$ 6,432	$ 3
Total current assets	6,432	3
Royalty interests	39,280	0
Total Assets	45,712	3
Current liabilities:
Accounts payable and accrued liabilities	243,346	123,309
Total current liabilities	243,346	123,309
Convertible notes payable	0	179,150
Loan payable	0	13,134
Total non-current liabilities	0	192,284
Total Liabilities	243,346	315,593
STOCKHOLDER'S DEFICIT
Preferred stock, $0.001 par value, 10,000,000 authorized, 100,000 issued and outstanding as of July 31, 2023 and 2022	100	100
Common stock, $0,001 par value, 250,000,000 shares and 889,011,264 shares authorized, 1,272,917 issued and outstanding as of July 31, 2023 and 2022, respectively	1,272	1,272
Additional paid in capital	11,525,944	11,155,185
Accumulated deficit	(11,724,950)	(11,472,147)
Total Stockholder's Deficit	(197,634)	(315,590)
Total Liabilities and Stockholder's Deficit	$ 45,712	$ 3

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2024	Jul. 31, 2023
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	889,011,264
Common stock, shares, issued	1,272,917	1,272,917
Common stock, shares, outstanding	1,272,917	1,272,917

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Consolidated Statements of Operations and Comprehensive Loss
Revenue	$ 4,429	$ 0
Cost of revenue	0	0
Gross Income	4,429	0
General and administrative	(287,168)	(139,430)
Total operating expenses	(287,168)	(139,430)
Operating loss	(282,739)	(139,430)
Other income (expense)
Gain from convertible notes write off	8,423	0
Gain from loan payable write off	13,134	0
Gain from Accounts payable write off	11,619	0
Financial expense	(3,240)	(9,464)
Total other income (expense)	29,936	(9,464)
Net loss	$ (252,803)	$ (148,894)
Basic net loss per common share	$ (0.20)	$ (0.13)
Diluted net loss per common share	$ (0.20)	$ (0.13)
Basic weighted average common shares outstanding	1,272,917	1,145,667

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders Equity - USD ($)	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Jul. 31, 2022		961,448
Balance, amount at Jul. 31, 2022	$ (198,695)	$ 961		$ 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		23,388
Issuance of Common Stock, shares		250,387
Issuance of Common Stock, amount	8,450	$ 250		8,200
Cancellation of Common shares, shares		(37,078)
Cancellation of Common shares, amount	(37)	$ (37)
Issuance of Preferred stock, shares			300,000
Issuance of Preferred stock, amount	300		$ 300
Cancellation of Preferred stock, shares			(200,000)
Cancellation of Preferred stock, amount	(200)		$ (200)
Net Income (Loss)	(148,894)	$ 0	$ 0	0	(148,894)
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 Income (Loss)	(252,803)				(252,803)
Additional paid in capital	370,759			370,759
Balance, shares at Jul. 31, 2024		1,272,917	100,000
Balance, amount at Jul. 31, 2024	$ (197,634)	$ 1,272	$ 100	$ 11,525,944	$ (11,724,950)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Cash flows from operating activities:
Net loss	$ (252,803)	$ (148,894)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment loss	0	73,942
Convertible notes interest accrued for conversion	0	9,463
Original initial discount and legal processing fees	0	19,340
Convertible Notes Write off	(8,423)	0
Loan Payable write off	(13,134)	0
Accounts payable write off	(11,619)	0
Changes in assets and liabilities:
Deposit & Prepayments	0	(7,652)
Accounts payable and accrued expenses	131,656	5,440
Net cash used in operating activities	(154,323)	(48,360)
Cash flows from investing activities:
Royal interest acquisition	(39,280)	0
Software development	0	(73,942)
Net cash used in investing activities	(39,280)	(73,942)
Cash flows from financing activities:
Proceeds from Convertible bond	0	102,436
Proceeds from Loan	0	22,000
Repayment made to Loan balance	0	(11,000)
Convertible Notes repayment	(170,727)	0
Proceeds from Issuance of preferred shares	0	100
Proceeds from Issuance of common shares	0	8,450
Proceeds provided by additional paid in capital	370,759	0
Net cash from financing activities	200,032	121,986
Net change in cash	6,429	(317)
Cash at beginning of period	3	320
Cash at end of period	6,432	3
Non cash activities
Issuing common stock and preferred stock in connection with convertible notes	0	23,486
Convertible notes payable and accounts payable repayment made by shareholder on behalf of the Company	187,727	0
Expenses payment made by shareholder on behalf of the Company	$ 138,032	$ 0

Organization and Business Descr

Organization and Business Description	12 Months Ended
	Jul. 31, 2024
Organization and Business Description
Organization and Business Description	Note 1. Organization and Business Description Leopard Energy, Inc. and its subsidiaries (Collectively, the “Company”), was historically 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 these operations in its operating history. Since the transfer of its controlling interest in August 2023, the Company redirect its business into the energy sector, mainly aiming at investment in royalty interest of energy related petrol and mineral production. The Company has 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. The financial statements and notes are the representations of management. These accounting policies conform to accounting policies generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. On August 23, 2023, the original shareholder JanBella Group sold the Series A Preferred Shares to Zenith Energy Ltd. (“Zenith Energy”). Zenith Energy is a British Columbia corporation based in Vancouver, B.C., engaged in energy production projects on three continents, whose shares are traded on the London Stock Exchange and Euronext Oslo. In connection with the share and purchase agreement, it was agreed between the parties that part of the purchase price paid by Zenith would be used by JanBella to settle some outstanding liabilities of Leopard Energy, as it happened. Along with the transition of interest, certain debtors agreed to partially write off their debt due from the company upon partial payment made by JanBella. This resulted in the following gain from write-off of liabilities · Write off convertible notes $ 8,423 · Write off loan payable $ 13,134 · Write off Accounts payable $ 11,619 Basis of Presentation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”). The Company's functional currency is the USD. Principles of consolidation The consolidated financial statements include the financial statements of the Company and its subsidiary. All intercompany transactions and balances, if any, are eliminated upon consolidation. A subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power, has the power to appoint or remove the majority of the members of the board of directors, to cast a majority of votes at the meeting of the board of directors or to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. Going Concern The accompanying audited consolidated financial statements have been prepared assuming that the Company will continue audited 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 audited consolidated financial statements the Company had a loss of $252,803 and $148,894 during the fiscal year ended July 31, 2024 and 2023, respectively. As of July 31, 2024, the Company had accumulated deficit of $11,724,950 and a working capital deficit of $236,917. Management believes these factors raise substantial doubt about the Company’s ability to continue as a going concern for the next twelve months. 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. Management monitors and analyzes the Company’s cash on-hand, its ability to generate sufficient revenue sources in the future, and its operating and capital expenditure commitments. Since its incorporation, the Company has financed its operations through advances from its controlling shareholders, 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. Since the transfer of controlling interest in August 2023, Zenith Energy Ltd. (“Zenith Energy”), the Company’s controlling stockholder, has provided approximately $370,759 capital in the form of payment made on behalf of the Company. Zenith Energy has indicated that intends to continue to finance the Company and its expansion into the energy sector, to acquire additional royalties and/or ownership interest, pending the receipt of additional financing. To sustain its ability to support the Company’s operating activities, the Company may have to consider supplementing its available sources of funds through the following sources: (1) cash generated from upcoming operations; (2) new bank loans , (3) financial support from the Company’s shareholder and related party. Based on the above analysis, management believes it is more likely than not that the Company can meet its obligations as they become due within one year from the reporting date and can continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jul. 31, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies A summary of significant accounting policies is presented to assist in the understanding of the financial statements. Critical Accounting Estimates The preparation of the financial statements is in conformity with generally accepted accounting principles in the United States of America, which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. Actual results could differ from those estimates. Significant accounting estimates include, but not limited to allowance for doubtful accounts, useful lives and impairment of long-lived asset, and impairment of royalty interests acquired. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements. Concentrations of Credit Risk The Company’s financial instruments that are exposed to concentrations of credit risk consist principally of cash. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk in cash. Fair Value of Financial Instruments Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 820 (formerly Statement of Financial Accounting Standard ("SFAS") No. 157 Fair Value Measurements) establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as the following: · Level 1-defined as observable inputs such as quoted prices in active markets for identical assets or liabilities; · Level 2-defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and · Level 3-defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Financial assets and liabilities of the Company primarily consisted of cash, prepayments, accounts payable and accrued liabilities, and the carrying amount of the financial instruments generally approximate their fair market values based on the short- term maturity of these instruments. ASC 825-10 "Financial Instruments" allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company’s non-financial assets would be measured at fair value only if they were determined to be impaired. Impairment of Long- L ived assets The Company reviews its Long-Lived assets for potential impairment whenever significant events or changes in circumstances indicate the carrying value may not be recoverable in accordance with the guidance in ASC 360-15-35 “Impairment or Disposal of Long-Lived Assets.” An impairment exists when the carrying amount of the long-lived assets is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If an impairment exists, the resulting write-down would be the difference between the fair market value of the long-lived asset and the related net book value. There is no impairment of long-lived assets in the year ended July 31,2024. Royalty Interests On January 17, 2024, the Company made investment in 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”) at a cost of $39,280. The operating rights of the wells are leased to licensed operators (oil and gas companies) through agreements that grant the operator the right to explore, drill, and produce oil or gas, and the royalty interest is a financial share of production paid to the well rights owner. The agreements do not include a specific expiry date because they are tied to the production lifespan of the operation lease or agreement. The lease may expire if production ceases, but as long as the well is productive, the rights remain in effect under a concept known as “Held by Production” (HBP). Under the HBP system, once a well begins production, the lease remains valid as long as the production continues and so as the royalty interests. The rights endure for the lifetime of the well, providing economic security for both the rights holder and the operator. If production ceases or drops below commercial levels, the lease may terminate unless further development or operations occur. As a result, the Company do not recognize any amortization expenses. Royalty interests acquired are carried at the lower of cost or fair value. Valuations are periodically performed or obtained by management whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments, if any, are recorded by a charge to net income and a valuation allowance if the carrying value of the royalty interest exceeds its estimated fair value. There was no depletion expense for the year ended July 31, 2024. The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The revenue recognition principle of ASC 606 requires that revenue is recognized when the delivery of promised goods or services matches the amount expected by the company in exchange for the goods or services. There are five steps needed to satisfy the updated revenue recognition principle: 1. Identify the contract with the customer. This involves agreeing on the terms of the contract, including payment, the delivery of goods and services, and consequences if any obligations aren't met. Contracts may come in written form or may begin as verbal agreements. 2. Identify contractual performance obligations. In this case, it's important to outline the specific goods or services behind the agreement. 3. Determine the amount of consideration/price for the transaction. This isn't just about the price of goods and services but also includes other factors, such as discounts, return policies, and additional fees. 4. Allocate the determined amount of consideration/price to the contractual obligations. This step involves any specific selling price to every single obligation. 5. Recognize revenue when the performing party satisfies the performance obligation. This should only be done once the transaction is complete and your obligation is fulfilled. Revenue can only be recognized once this is done. The Company is operating in royal interests’ investment in oil and gas production industry and generate revenue from royalty interest distribution. The Company owns a royalty interest on wells production and is entitled with portion of revenue share without having to incur the operational expenses associated with extracting or producing the resource. Well operating royalty interests distribution are reported point in time and net of production taxes when the drip condensate, crude oil, gas and plant products are produced from the respective well by the well operator, the operator distribute the Company’s share of interests according to agreed proportion. Royalty interest payments are generally received at the subsequent month of the production made. During the financial year ended July 31, 2024, the Company recognizes monthly revenues from the investment in 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, that resulted in a yearly amount of $ 4,429. During the previous financial year 2023, the Company had no revenues generation. Basic and Diluted Net Loss Per Common Share The Company reports earnings per share in accordance with FASB ASC 260 "Earnings per share". The Company's basic earnings per share are computed using the weighted average number of shares outstanding for the periods presented. Diluted earnings per share are computed based on the assumption that any dilutive options or warrants were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, the Company's outstanding convertible notes are assumed to be exercised, and funds thus obtained were assumed to be used to purchase common stock at the average market price during the period. The calculation of weighted average shares outstanding for basic and diluted net loss per share assumes that the shares have been outstanding for the entire period presented. Basic loss per common share is computed by dividing the net loss available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed by dividing loss bear by common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. For the years ended July 31, 2024 and 2023, the following common stock equivalents were excluded from the computation of diluted net loss per share as the result of the computation was anti-dilutive. July 31, July 31, 2024 2023 Shares Shares Convertible notes - 179,150 Convertible Common Shares - 5,831,071 For the years ended July 31, 2024 and 2023, the reconciliation to net loss per common share basic and the anti-dilutive impact on net loss per share, are as follows: Year Ended July 31, 2024 2023 Numerator: Net Loss $ (252,803 ) $ (148,894 ) Net Loss - diluted $ (252,803 ) $ (148,894 ) Denominator: Weighted average common shares outstanding 1,272,917 1,145,667 Effect of dilutive shares Convertible notes - 5,831,071 Diluted - 6,980,226 Net loss per common share: Basic $ (0.20 ) $ (0.13 ) Diluted $ (0.20 ) $ (0.13 ) Income Taxes Deferred income tax assets or liabilities are computed based on the temporary differences between the financial statement and income tax bases of assets and liabilities using the statutory marginal income tax rate in effect for the years in which the differences are expected to reverse. Deferred income tax expenses or credits are based on the changes in the deferred income tax assets or liabilities from period to period. A valuation allowance against deferred tax assets is required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The valuation allowance should be sufficient to reduce the deferred tax asset to the amount that is more likely than not to be realized. Recently Issued Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires, among other things, additional disclosures primarily related to the income tax rate reconciliation and income taxes paid. The expanded annual disclosures are effective for the Company’s year ending December 31, 2023. This ASU is currently not expected to have a material impact on the Company’s financial statements. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

Loan Payable and Convertible No

Loan Payable and Convertible Notes Payable	12 Months Ended
	Jul. 31, 2024
Loan Payable and Convertible Notes Payable
Loan Payable and Convertible Notes Payable	Note 3. Loan Payable and Convertible Notes Payable Loan Payable As of July 31, 2024, the Company has an outstanding short term loan payable balance of $ Nil. As of July 31, 2023, the Company had an outstanding short term loan payable balance of $13,134. This balance was fully repaid in August 2023. Convertible Promissory Note As of July 31, 2024 and 2023, the Company holds a balance of convertible note payable in the amount of $ Nil and $179,150, respectively. Upon the acquisition by Zenith Energy Ltd, all convertible notes payable balance as of July 31, 2023 were fully redeemed in cash in August 2023. 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 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 in full amount in August 2023. On December 15, 2022, the Company issued a convertible promissory note to the shareholder at the time 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 balance has been redeemed in full amount 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 in full amount in August 2023. During the years ended July 31, 2024 and 2023, there were total $ Nil and $23,486 of convertible promissory note been converted into Nil and 98,160 shares of common stock, respectively; Shares reserved for the convertible notes balance as of July 31 ,2023 were cancelled subsequently, and the convertible notes balance of $179,150 as of July 31,2023 has been redeemed in full amount by August 2023.

Preferred Stock and Common Stoc

Preferred Stock and Common Stock	12 Months Ended
	Jul. 31, 2024
Preferred Stock and Common Stock
Preferred Stock and Common Stock	Note 4. Preferred Stock and Common Stock Preferred Stock In December 2022 and January 2023, the Company issued a total of 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 7, 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 shareholders 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 shareholders. · 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 the 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 year ended July 31, 2022, the Company issued 666,226 shares of common stock for total proceeds of $701,534. The Company also cancelled 167,857 shares of common stock for no monetary amount. During the year-ended July 31, 2023, the Company issued 348,548 shares of common stock for total proceeds of $31,937. The Company also cancelled 37,079 shares of common stock for no monetary amount. During the year-ended July 31, 2024, the Company did not issue nor cancelled any share. In October 2022, the shareholders 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.

Income Taxes

Income Taxes	12 Months Ended
	Jul. 31, 2024
Income Taxes
Income Taxes	Note 5. Income Taxes As of July 31, 2024, the Company has deferred tax assets as a result of the net operating losses incurred from inception and non-current asset impairment loss. The resulting deferred tax assets are reduced by a valuation allowance as discussed in Note 2 equal to the deferred tax asset as it is unlikely, based on current circumstances, that the Company will ever realize a tax benefit. Significant components of the Company’s deferred tax assets and as follows as of July 31: 2024 2023 $ $ Deferred tax assets: Impairment loss of software - 15,528 Impairment loss of goodwill - - Net operating loss carryforwards 2,462,240 2,393,623 Total deferred tax assets 2,462,240 2,409,151 Valuation allowance (2,462,240 ) (2,409,151 ) Deferred tax assets and the corresponding valuation allowances amounted to approximately $2.4 million and $2.4 million as of July 31, 2024 and 2023, respectively. The income tax provision for the year ended July 31, 2024 and 2023 consists of the following: 2024 2023 Federal Current $ - $ - Deferred (53,089 ) (31,268 ) Change in valuation allowance 53,089 31,268 Income tax provision $ - $ - A reconciliation between expected income taxes, computed at the federal income tax rate of 21% applied to the pretax accounting loss, and the income tax net expense included in the consolidated statements of operations and comprehensive loss for the years ended July 31, 2024 and 2023 is as follows, 2024 2023 Tax at federal statutory rate 21 % 21 % Change in valuation allowance (21 )% (21 )% Effective tax rate 0 % 0 %

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jul. 31, 2024
Related Party Transactions
Related Party Transactions	Note 6. Related Party Transactions There were no reportable related party transactions during the years ended July 31, 2024 and 2023.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jul. 31, 2024
Commitments and Contingencies
Commitments and Contingencies	Note 7. 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	12 Months Ended
	Jul. 31, 2024
Subsequent Events
Subsequent Events	Note 8. Subsequent Events Management evaluated all additional events through November 19, 2024, which is the date the financial statements were available to be issued. Based upon this audit, 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)	12 Months Ended
	Jul. 31, 2024
Summary of Significant Accounting Policies
Critical Accounting Estimates	The preparation of the financial statements is in conformity with generally accepted accounting principles in the United States of America, which require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. Actual results could differ from those estimates. Significant accounting estimates include, but not limited to allowance for doubtful accounts, useful lives and impairment of long-lived asset, and impairment of royalty interests acquired. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.
Concentrations of Credit Risk	The Company’s financial instruments that are exposed to concentrations of credit risk consist principally of cash. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk in cash.
Fair Value of Financial Instruments	Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 820 (formerly Statement of Financial Accounting Standard ("SFAS") No. 157 Fair Value Measurements) establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as the following: · Level 1-defined as observable inputs such as quoted prices in active markets for identical assets or liabilities; · Level 2-defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and · Level 3-defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Financial assets and liabilities of the Company primarily consisted of cash, prepayments, accounts payable and accrued liabilities, and the carrying amount of the financial instruments generally approximate their fair market values based on the short- term maturity of these instruments. ASC 825-10 "Financial Instruments" allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company’s non-financial assets would be measured at fair value only if they were determined to be impaired.
Impairment of Long-Lived assets	The Company reviews its Long-Lived assets for potential impairment whenever significant events or changes in circumstances indicate the carrying value may not be recoverable in accordance with the guidance in ASC 360-15-35 “Impairment or Disposal of Long-Lived Assets.” An impairment exists when the carrying amount of the long-lived assets is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If an impairment exists, the resulting write-down would be the difference between the fair market value of the long-lived asset and the related net book value. There is no impairment of long-lived assets in the year ended July 31,2024.
Royalty Interests	On January 17, 2024, the Company made investment in 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”) at a cost of $39,280. The operating rights of the wells are leased to licensed operators (oil and gas companies) through agreements that grant the operator the right to explore, drill, and produce oil or gas, and the royalty interest is a financial share of production paid to the well rights owner. The agreements do not include a specific expiry date because they are tied to the production lifespan of the operation lease or agreement. The lease may expire if production ceases, but as long as the well is productive, the rights remain in effect under a concept known as “Held by Production” (HBP). Under the HBP system, once a well begins production, the lease remains valid as long as the production continues and so as the royalty interests. The rights endure for the lifetime of the well, providing economic security for both the rights holder and the operator. If production ceases or drops below commercial levels, the lease may terminate unless further development or operations occur. As a result, the Company do not recognize any amortization expenses. Royalty interests acquired are carried at the lower of cost or fair value. Valuations are periodically performed or obtained by management whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments, if any, are recorded by a charge to net income and a valuation allowance if the carrying value of the royalty interest exceeds its estimated fair value. There was no depletion expense for the year ended July 31, 2024. The Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The revenue recognition principle of ASC 606 requires that revenue is recognized when the delivery of promised goods or services matches the amount expected by the company in exchange for the goods or services. There are five steps needed to satisfy the updated revenue recognition principle: 1. Identify the contract with the customer. This involves agreeing on the terms of the contract, including payment, the delivery of goods and services, and consequences if any obligations aren't met. Contracts may come in written form or may begin as verbal agreements. 2. Identify contractual performance obligations. In this case, it's important to outline the specific goods or services behind the agreement. 3. Determine the amount of consideration/price for the transaction. This isn't just about the price of goods and services but also includes other factors, such as discounts, return policies, and additional fees. 4. Allocate the determined amount of consideration/price to the contractual obligations. This step involves any specific selling price to every single obligation. 5. Recognize revenue when the performing party satisfies the performance obligation. This should only be done once the transaction is complete and your obligation is fulfilled. Revenue can only be recognized once this is done. The Company is operating in royal interests’ investment in oil and gas production industry and generate revenue from royalty interest distribution. The Company owns a royalty interest on wells production and is entitled with portion of revenue share without having to incur the operational expenses associated with extracting or producing the resource. Well operating royalty interests distribution are reported point in time and net of production taxes when the drip condensate, crude oil, gas and plant products are produced from the respective well by the well operator, the operator distribute the Company’s share of interests according to agreed proportion. Royalty interest payments are generally received at the subsequent month of the production made. During the financial year ended July 31, 2024, the Company recognizes monthly revenues from the investment in 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, that resulted in a yearly amount of $ 4,429. During the previous financial year 2023, the Company had no revenues generation.
Basic and Diluted Net Loss Per Common Share	The Company reports earnings per share in accordance with FASB ASC 260 "Earnings per share". The Company's basic earnings per share are computed using the weighted average number of shares outstanding for the periods presented. Diluted earnings per share are computed based on the assumption that any dilutive options or warrants were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, the Company's outstanding convertible notes are assumed to be exercised, and funds thus obtained were assumed to be used to purchase common stock at the average market price during the period. The calculation of weighted average shares outstanding for basic and diluted net loss per share assumes that the shares have been outstanding for the entire period presented. Basic loss per common share is computed by dividing the net loss available to common shareholders by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed by dividing loss bear by common shareholders by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. For the years ended July 31, 2024 and 2023, the following common stock equivalents were excluded from the computation of diluted net loss per share as the result of the computation was anti-dilutive. July 31, July 31, 2024 2023 Shares Shares Convertible notes - 179,150 Convertible Common Shares - 5,831,071 For the years ended July 31, 2024 and 2023, the reconciliation to net loss per common share basic and the anti-dilutive impact on net loss per share, are as follows: Year Ended July 31, 2024 2023 Numerator: Net Loss $ (252,803 ) $ (148,894 ) Net Loss - diluted $ (252,803 ) $ (148,894 ) Denominator: Weighted average common shares outstanding 1,272,917 1,145,667 Effect of dilutive shares Convertible notes - 5,831,071 Diluted - 6,980,226 Net loss per common share: Basic $ (0.20 ) $ (0.13 ) Diluted $ (0.20 ) $ (0.13 )
Income Taxes	Deferred income tax assets or liabilities are computed based on the temporary differences between the financial statement and income tax bases of assets and liabilities using the statutory marginal income tax rate in effect for the years in which the differences are expected to reverse. Deferred income tax expenses or credits are based on the changes in the deferred income tax assets or liabilities from period to period. A valuation allowance against deferred tax assets is required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The valuation allowance should be sufficient to reduce the deferred tax asset to the amount that is more likely than not to be realized.
Recently Issued Accounting Pronouncements	In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires, among other things, additional disclosures primarily related to the income tax rate reconciliation and income taxes paid. The expanded annual disclosures are effective for the Company’s year ending December 31, 2023. This ASU is currently not expected to have a material impact on the Company’s financial statements. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

Organization and Business Des_2

Organization and Business Description (Tables)	12 Months Ended
	Jul. 31, 2024
Organization and Business Description
Summery of write-off of liabilities	· Write off convertible notes $ 8,423 · Write off loan payable $ 13,134 · Write off Accounts payable $ 11,619

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jul. 31, 2024
Summary of Significant Accounting Policies
Schedule Of computation of diluted net loss per share	July 31, July 31, 2024 2023 Shares Shares Convertible notes - 179,150 Convertible Common Shares - 5,831,071
Schedule Of Basic and Diluted Net Loss Per Common Share	Year Ended July 31, 2024 2023 Numerator: Net Loss $ (252,803 ) $ (148,894 ) Net Loss - diluted $ (252,803 ) $ (148,894 ) Denominator: Weighted average common shares outstanding 1,272,917 1,145,667 Effect of dilutive shares Convertible notes - 5,831,071 Diluted - 6,980,226 Net loss per common share: Basic $ (0.20 ) $ (0.13 ) Diluted $ (0.20 ) $ (0.13 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jul. 31, 2024
Income Taxes
Schedule Of Deferred tax assets	2024 2023 $ $ Deferred tax assets: Impairment loss of software - 15,528 Impairment loss of goodwill - - Net operating loss carryforwards 2,462,240 2,393,623 Total deferred tax assets 2,462,240 2,409,151 Valuation allowance (2,462,240 ) (2,409,151 )
Schedule Of income tax provision	2024 2023 Federal Current $ - $ - Deferred (53,089 ) (31,268 ) Change in valuation allowance 53,089 31,268 Income tax provision $ - $ -
Schedule Of federal income tax rate	2024 2023 Tax at federal statutory rate 21 % 21 % Change in valuation allowance (21 )% (21 )% Effective tax rate 0 % 0 %

Organization and Business Des_3

Organization and Business Description (Details) - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Organization and Business Description
Write off convertible notes	$ 8,423	$ 0
Write off loan payable	13,134	0
Write off Accounts payable	$ 11,619	$ 0

Organization and Business Des_4

Organization and Business Description (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Organization and Business Description
Adjustments To Additional Paid-In Capital	$ 370,759
Net loss	(252,803)	$ (148,894)
Accumulated deficit	11,724,950
Working capital deficit	$ (236,917)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - shares	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Summary of Significant Accounting Policies
Convertible notes	0	179,150
Convertible Common Shares	0	5,831,071

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1) - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Numerator:
Net loss	$ (252,803)	$ (148,894)
Net Loss - diluted	$ (252,803)	$ (148,894)
Weighted average common shares outstanding	1,272,917	1,145,667
Effect of dilutive shares
Convertible notes	0	5,831,071
Diluted	0	6,980,226
Net loss per common share:
Net loss per common share- Basic	$ (0.20)	$ (0.13)
Net loss per common share- Diluted	$ (0.20)	$ (0.13)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 17, 2024	Jul. 31, 2024	Jul. 31, 2023
Royalty Interests		$ 39,280	$ 0
Eagle Ford Shale [Member]
Royalty Interests	$ 39,280	$ 4,429
Description of Royalty Interests	the Company made investment in the 5% royalty interest in a package of seven (7)	the Company recognizes monthly revenues from the investment in the 5% royalty interest in a package of seven (7)

Loan Payable and Convertible _2

Loan Payable and Convertible Notes Payable (Details Narrative) - USD ($)					1 Months Ended		12 Months Ended
	Dec. 15, 2022	Sep. 13, 2022	May 09, 2022	Jan. 04, 2022	Aug. 31, 2023	Jan. 17, 2023	Jul. 31, 2024	Jul. 31, 2023
Short term loan payable							$ 0	$ 13,134
common stock shares converted							0	5,831,071
Convertible promissory note, Gross proceed							$ 0	$ 102,436
Convertible Promissory Note [Member]
common stock shares converted							0	98,160
Convertible note payable							$ 179,150	$ 179,150
Convertible promissory note, Principal amount	$ 46,750	$ 33,000	$ 53,750	$ 50,000		$ 48,750	0	23,486
Convertible promissory note, Gross proceed	$ 40,000	$ 30,000	$ 53,750	$ 46,250		$ 45,000
Muturity date of convertible promissory note		Sep. 13, 2023	May 09, 2023	Jan. 04, 2023		Jan. 17, 2024
Convertible notes converted into shares				98,160
Debt outstanding and interest accrued					$ 60,730
Cash redeemed					$ 51,354			12,564
Convertible notes per share				$ 0.24
Convertible notes interest rate		10%	10%	10%		10%
Convertible Promissory Note [Member] | July 25, 2022 [Member]
Outstanding convertible debt							$ 23,450
Convertible notes converted into shares				64,504
Convertible notes per share				$ 0.41
Convertible Promissory Note [Member] | December 15, 2022 [Member]
Outstanding convertible debt								$ 34,186

Preferred Stock and Common St_2

Preferred Stock and Common Stock (Details Narrative) - USD ($)	1 Months Ended				12 Months Ended
	Aug. 23, 2023	Jan. 31, 2023	Jun. 27, 2022	Jan. 18, 2013	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2022	Jun. 27, 2023	Oct. 31, 2022	Aug. 18, 2021	Jan. 17, 2013
Common Stock, Shares Authorized					250,000,000	889,011,264
Preferred stock share outstanding					100,000	100,000
Common Stock, Par Value					$ 0.001	$ 0.001
Series A Preferred Stocks [Member]
Shares issued during period, shares		200,000	100,000
Gross proceeds from issue of preferred stock			$ 100,000
Preferred stock share outstanding								100,000
Description related to preferred stock					These 200,000 Series A Preferred Shares were cancelled for 100,000 each time, on June 27 and July 7, 2023, respectively
Sale of preferred stock number of share	100,000
Sale of preferred stock number of share consideration	$ 398,400
Voting power rights	Each Series A Preferred Share entitles the Unaffiliated investor to 10,000 votes on all matters submitted to the shareholders of the Company's common stock
Acquisition voting percentage								99.87%
Common Stock [Member]
Shares issued during period, shares						348,548	666,226
Common Stock, Shares Authorized				10,000,000	250,000,000				5,000,000,000	5,000,000,000	500,000,000
Reverse split				1:50
Common Stock, Par Value					$ 0.001				$ 0.00075	$ 0.00075
Proceeds from shares issued during period						$ 31,937	$ 701,534
Common stock shares cancelled						37,079	167,857

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Jul. 31, 2024	Jul. 31, 2023
Income Taxes
Impairment loss of software	$ 0	$ 15,528
Impairment loss of goodwill	0	0
Net operating loss carryforwards	2,462,240	2,393,623
Total deferred tax assets	2,462,240	2,409,151
Valuation allowance	$ (2,462,240)	$ (2,409,151)

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Income Taxes
Current	$ 0	$ 0
Deferred	(53,089)	(31,268)
Change in valuation allowance	53,089	31,268
Income tax provision	$ 0	$ 0

Income Taxes (Details 2)

Income Taxes (Details 2)	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Income Taxes
Tax at federal statutory rate	21%	21%
Change in valuation allowance	(21.00%)	(2.00%)
Effective tax rate	0%	0%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Income Taxes
Deferred tax assets	$ 2.4	$ 2.4
Tax at federal statutory rate	21%	21%