ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Wally World Media, Inc. (“the Company”, “WLYW”, “we” “us”) was incorporated in the State of Nevada on May 17, 2012. The Company began as a developer of software and mobile technology platforms for digital media and entertainment. The Company developed a social media website that we refer to as “YouPop.” Our “YouPop” platform launched for public use in April 2013. On March 19, 2014, we launched reShoot™, a free mobile video camera app for Apple’s iPhone and iPad. reShoot features patent-pending “on the fly” video editing technology to rewind and re-shoot unwanted portions of video. On July 31, 2014, we launched the Emoji Cam Photo & Video Camera app for Apple’s iPhone and iPad. The Company has been inactive since December 2015. The Company had abandoned its business and failed to take steps to dissolve, liquidate and distribute its assets. It had also failed to meet the required reporting requirements with the Nevada Secretary of State, hold an annual meeting of stockholders and pay its annual franchise tax from 2015 to 2021 which resulted in its Nevada corporate charter being revoked. The Company also failed to provide adequate current public information during this time. On May 17, 2021, Shareholders First LLC filed a petition in the Eighth Judicial District Court of Clark County, Nevada, Case Number: A-21-834721-P, for the appointment of a custodian over the affairs of the Company pursuant to NRS 78.347(1)(b). The purpose of the Custodianship was to reinstate the Company’s corporate charter to do business, and restore value to the Company for the benefit of shareholders and the Company itself. On June 29, 2021, the Eighth Judicial District Court of Nevada appointed Shareholders First LLC as custodian for Wally World Media, Inc., proper notice having been given to the officers and directors of Wally World Media, Inc. There was no opposition. On June 30, 2021, the Company filed a certificate of revival with the Nevada Secretary of State, appointing Grant Casey as President, Secretary, Treasurer, Director; and also appointing Geoffrey Chan as Director. The Custodian paid all fees due and past debt owed to the Company’s transfer agent. The Custodian engaged BF Borgers as its principal accountant to audit the Company’s annual financial statements and to review its quarterly financial statements required to have the Company become current in its filings under the SEC’s recently imposed requirements for public companies operating under SEC Rule 15c2-11. On July 16, 2021 the Company issued from the authorized 500,000,000 0.0001 290,070,000 professional and regulatory fees 29,007 The Custodian also resolved uncertainty regarding previous corporate debts. The Custodian filed an Application to Require Written Proof of Claim, seeking a court order requiring all previous claimants and creditors of the Company to submit written proof of their respective claim to the Custodian so the Company could identify and resolve such claims against it. On August 9, 2021, the Eighth Judicial District Court of Nevada ordered all claimants and creditors of the Company to submit written proof of claim to the Custodian, and ordered the Custodian to give notice to all claimants and creditors by publishing a copy of the Notice of Entry of Order weekly in the Nevada Legal News, pursuant to NRS 78.675. No proofs of claim were filed or otherwise submitted to the Custodian either before or after the expiration of the claims deadline. On September 30, 2021, the Eighth Judicial District Court of Nevada ordered that all previous claimants and creditors of the Company are barred from participating in the distribution of assets of the Company for claims which arose on or before September 30, 2021 (Notice of entry of the Order). No appeal was filed by the claimants within the timeframe for an appeal. Shareholders First LLC has since fulfilled its duties as custodian and accordingly, the Court terminated the custodianship proceeding on June 30, 2022, with an Order Discharging Custodian and Terminating Custodianship of Wally World Media, Inc. The Company’s fiscal year-end is September 30. |