Leopard Energy (LEEN) 10-Q 15 Dec 21 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Oct. 31, 2021	Dec. 15, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--07-31
Entity File Number	000-50693
Entity Registrant Name	Cyber Apps World Inc.
Entity Central Index Key	0001230524
Entity Tax Identification Number	90-0314205
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	9436 W. Lake Mead Blvd
Entity Address, Address Line Two	Ste. 5-53
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89134
City Area Code	702
Local Phone Number	805-0632
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		321,510,839

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheet - USD ($)	Oct. 31, 2021	Jul. 31, 2021
Current assets:
Cash	$ 85,969	$ 70,182
Deposits & prepayments	42,652	42,652
Total current assets	128,621	112,834
Fixed assets:
Software development	458,752	308,752
Total fixed assets	458,752	308,752
Other assets:
Goodwill	964,581	964,581
Software Development - WIP	670,554	420,554
Total other assets	1,635,135	1,385,135
Total assets	2,222,508	1,806,721
Current liabilities:
Accounts payable and accrued liabilities	294,766	223,789
Total current liabilities	294,766	223,789
Long term liabilities:
Convertible Notes Payable	587,750	469,750
Loan Payable	41,597	55,079
Total Long term liabilities	629,347	524,829
Total Liabilities	924,113	748,618
STOCKHOLDER’S EQUITY
Common stock: $0.00075 par value, 5,000,000,000 authorized, 284,551,302  issued and outstanding as of October 31, 2021	109,548	24,979
141,000,000 issued and outstanding for business combination as of October 31, 2021	14,100	14,100
Shares to be issued.	59,000	23,000
Additional paid in capital	10,385,119	10,384,113
Retained earnings	(9,446,052)	(9,396,371)
Minority interest	176,680	8,281
Total stockholder’s equity	1,298,395	1,058,102
Total liabilities and stockholder’s equity	$ 2,222,508	$ 1,806,721

Unaudited Consolidated Balanc_2

Unaudited Consolidated Balance Sheet (Parenthetical) - $ / shares	Oct. 31, 2021	Jul. 31, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$ 0.00075	$ 0.00075
Common Stock Shares Authorized	5,000,000,000	5,000,000,000
Common Stock, Shares Issued	284,551,302	284,551,302
Common Stock, Shares Outstanding	284,551,302	284,551,302
Business Combination Common Stock, Shares Issued	141,000,000	141,000,000
Business Combination Common Stock, Shares Outstanding	141,000,000	141,000,000

Unaudited Consolidated Statemen

Unaudited Consolidated Statement of Comprehensive Income	3 Months Ended
	Oct. 31, 2021USD ($)$ / sharesshares
Income Statement [Abstract]
Net Sales	$ 11
Gross Income	11
Expenses
General and administrative	85,293
Consolidated loss before interest & taxes	(85,282)
Income tax
Consolidated net loss	(85,282)
Net loss to minority interest	(35,601)
Net loss attributable to Cyber Apps World Inc.	$ (49,681)
Net income per share – basic and diluted | $ / shares	$ 0
Weighted average shares outstanding – basic and diluted | shares	425,551,302

Unaudited Consolidated Statem_2

Unaudited Consolidated Statement of Stockholders' Equity - 3 months ended Oct. 31, 2021 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Deferred Compensation, Share-based Payments [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Opening Beginning balance, value at Jul. 31, 2021	$ 24,979	$ 10,384,113	$ 23,000	$ (9,396,371)	$ 8,281	$ 1,044,002
Shares, Outstanding, Beginning Balance at Jul. 31, 2021	247,986,268
Share capital for business combination as of July 31, 2021	$ 14,100					14,100
Share capital for business combination as of July 31, 2021, shares	141,000,000
Common stock issued for cash during the quarter	$ 84,569	1,006				85,575
Common stock issued for cash during the quarter, shares	36,565,034
Common stock subscribed					204,000	204,000
Shares to be issued.			36,000			36,000
Net Loss				(49,681)	(35,601)	(85,282)
Closing Ending balance, value at Oct. 31, 2021	$ 123,648	$ 10,385,119	$ 59,000	$ (9,446,052)	$ 176,680	$ 1,298,395
Shares, Outstanding, Ending Balance at Oct. 31, 2021	425,551,302

Unaudited Consolidated Statem_3

Unaudited Consolidated Statement of Cash Flows	3 Months Ended
	Oct. 31, 2021USD ($)
Cash flows from operating activities
Net income for the period	$ (85,282)
Change in operating assets and liabilities
Accounts payable and accrued liabilities	70,976
Notes Payable	118,000
Net cash used in operating activities	103,694
Cash flows from investing activities
Software development	(400,000)
Net cash used in investing activities	(400,000)
Cash flows from financing activities
Loan Payable	(13,482)
Shares to be issued	36,000
Proceeds from issuance of common shares	84,569
Proceeds from issuance of additional paid in capital	1,006
Common Shares subscribed	204,000
Net cash provided by financing activities	312,093
Change in Cash	15,787
Cash – beginning of period	70,182
Cash – end of period	85,969
Cash paid For:
Interest
Income tax

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Condensed Interim Financial Statements Going Concern The Company’s financial statements for the period ended October 31, 2021 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 did not have any revenue in and as of October 31, 2021. Additionally, for the three-month period ended October 31, 2021, the Company reported a net loss of $ (85,282), operating cash outflows of $103,694 and an accumulated deficit of $ (9,446,052) as of October 31, 2021. 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 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. 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. 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, 2021. There were no significant changes to these accounting policies during the nine months ended October 31, 2021 and the Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements

Net Loss Per Common Share

Net Loss Per Common Share	3 Months Ended
	Oct. 31, 2021
Net Loss Per Common Share
Net Loss Per Common Share	Note 2. Net Loss Per Common Share Basic 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 earnings (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 3.

Convertible Notes Payable and N

Convertible Notes Payable and Notes Payable	3 Months Ended
	Oct. 31, 2021
Payables and Accruals [Abstract]
Convertible Notes Payable and Notes Payable	Note 3. Convertible Notes Payable and Notes Payable As of October 31, 2021, the Company has a balance of convertible notes of $ 587,750 469,750 ranging from 10% per annum to 12% per annum.

Capital Stock

Capital Stock	3 Months Ended
	Oct. 31, 2021
Equity [Abstract]
Capital Stock	Note 4. Capital Stock Effective January 18, 2013, the Company filed with Secretary of State of Nevada a Certificate of Change that affected a 1:50 On January 22, 2015, the Company converted $ 556,267 17,550,000 370,845 On April 18, 2016, the Company agreed to convert $ 62,400 4,800,000 33,600 On February 1, 2019, the Company filed with the Secretary of State of Nevada a Certificate of Change that affected a 1:45 50,000,000 0.01 On October 23, 2019, the Company’s filed with the Secretary of State of Nevada a Certificate of Change that affected a 4:1 250,000,000 0.00075 As of October 30, 2021, the Company increased its authorized capital to 5,000,000,000 0.00075

Related Party Transactions

Related Party Transactions	3 Months Ended
	Oct. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 5. Related Party Transactions None

Subsequent Events

Subsequent Events	3 Months Ended
	Oct. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 6. Subsequent Events None.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Oct. 31, 2021
Accounting Policies [Abstract]
Condensed Interim Financial Statements	Condensed Interim Financial Statements
Going Concern	Going Concern The Company’s financial statements for the period ended October 31, 2021 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 did not have any revenue in and as of October 31, 2021. Additionally, for the three-month period ended October 31, 2021, the Company reported a net loss of $ (85,282), operating cash outflows of $103,694 and an accumulated deficit of $ (9,446,052) as of October 31, 2021. 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 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. 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. 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, 2021. There were no significant changes to these accounting policies during the nine months ended October 31, 2021 and the Company does not expect that the adoption of other recent accounting pronouncements will have a material impact on its financial statements

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2021	Jul. 31, 2021
Accounting Policies [Abstract]
Net Loss	$ (85,282)
Retained Earnings (Accumulated Deficit)	$ (9,446,052)	$ (9,396,371)

Convertible Notes Payable and_2

Convertible Notes Payable and Notes Payable (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2021	Jul. 31, 2021
Payables and Accruals [Abstract]
Convertible Notes Payable	$ 587,750	$ 469,750
Interest rate range	ranging from 10% per annum to 12% per annum.

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)	Feb. 01, 2019	Oct. 23, 2019	Apr. 18, 2016	Jan. 22, 2015	Jan. 18, 2013	Oct. 31, 2021	Jul. 31, 2021
Equity [Abstract]
Reverse split	1:45				1:50
Debt conversion original debt value			$ 62,400	$ 556,267
Debt conversion, number of shares issued			4,800,000	17,550,000
Debt conversion beneficial amount			$ 33,600	$ 370,845
Common Stock, Shares Authorized	50,000,000	250,000,000				5,000,000,000	5,000,000,000
Common Stock, Par Value	$ 0.01	$ 0.00075				$ 0.00075	$ 0.00075
Stock split		4:1