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 |