WB Burgers Asia (WBBA) 10-Q 17 Mar 22 2022 Q2 Quarterly report Financial data

Cover

Cover	3 Months Ended
	Jan. 31, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--07-31
Entity File Number	000-56233
Entity Registrant Name	WB Burgers Asia, Inc.
Entity Central Index Key	0001787412
Entity Tax Identification Number	00-0000000
Entity Incorporation, State or Country Code	NV
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheet - USD ($)	Jan. 31, 2022	Jul. 31, 2021
Current Assets
Cash and cash equivalents	$ 3,237,271	$ 1,848,213
Prepaid expenses	35,603
Total Current Assets	3,272,874	1,848,213
Equipment and construction in progress, net depreciation	725,803
Deposits	303,188
Franchise rights	2,700,000	2,700,000
TOTAL ASSETS	7,001,865	4,548,213
Current Liabilities
Accounts payable	77,737	1,005
Income tax payable	474,567
Accrued expenses and other payables	1,703,312	9,250
Total Current Liabilities	2,255,616	10,255
Loan to Company – related party, net accumulated interest	2,637	2,688,989
TOTAL LIABILITIES	2,258,253	2,699,244
Preferred stock ($.0001 par value, 200,000,000 shares authorized; 1,000,000 issued and outstanding as of January 31, 2022 and July 31, 2021)	100	100
Common stock ($.0001 par value, 1,500,000,000 shares authorized, 1,014,022,586 and 509,090,909 shares issued and outstanding as of January 31, 2022 and July 31, 2021, respectively)	101,402	50,909
Non-controlling interest	183,960	91,979
Additional paid-in capital	2,863,392	1,886,170
Accumulated earnings	2,125,992	(128,237)
Accumulated other comprehensive income	(56,668)	18,215
Total Stockholders’ Equity (Deficit)	5,218,179	1,808,969
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)	$ 7,001,865	$ 4,548,213

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheet (Parenthetical)	Jan. 31, 2022$ / sharesshares
Statement of Financial Position [Abstract]
Preferred Par Value | $ / shares	$ 0.0001
Preferred Stock, Shares Authorized	200,000,000
Preferred Stock, Shares Issued	1,000,000
Common Par Value | $ / shares	$ 0.0001
Common Stock, Shares Authorized	1,500,000,000
Common Stock, Shares, Issued	1,014,022,586

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Operating expenses
General and administrative expenses	$ 188,190	$ 8,050	$ 353,829	$ 8,800
Total operating expenses	188,190	8,050	353,829	8,800
Net operating loss	(188,190)	(8,050)	(353,829)	(8,800)
Other Income/(Loss)
Gain on forgiveness of debt	2,620,134		2,620,134
Interest credit (expense)	240		6,463
Total other income	2,620,374		2,613,672
Income (loss) before income taxes provision	2,432,184	(8,050)	2,259,843	(8,800)
Provision for income taxes	474,567		474,567
Net income (loss)	1,957,617	(8,050)	1,785,276	(8,800)
Currency translation adjustment	64,167		64,544
Comprehensive Income (loss)	$ 2,021,784	$ (8,050)	$ 1,849,830	$ (8,800)
Basic and Diluted net loss per common share	$ 0	$ (0.01)	$ 0	$ (0.01)
Weighted average number of common shares outstanding - Basic and Diluted	1,013,221,671	1,000,000	892,224,841	1,000,000

atement - Condensed Consolidate

atement - Condensed Consolidated Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Noncontrolling Interest [Member]	Additional Paid-in Capital [Member]	Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Common Stock, Shares, Issued							1,000,000
Balances, January 31, 2022	$ 1,000			$ 1,074		$ (2,074)
Balances, October 31, 2021 at Jul. 31, 2020	1,000			1,074		(2,074)
Net income						(750)	(750)
Balances, October 31, 2021 at Jul. 31, 2020	1,000			1,074		(2,074)
Expenses paid on behalf of the Company and contributed to capital							6,950
Net income							(8,800)
Foreign currency translation
Balances, January 31, 2022	1,000			1,074		(2,824)	(2,824)
Balances, October 31, 2021 at Oct. 31, 2020	1,000			1,074		(2,824)	(2,824)
Expenses paid on behalf of the Company and contributed to capital				6,950			6,950
Net income						(8,050)	$ (8,050)
Common Stock, Shares, Issued							1,000,000
Balances, January 31, 2022	1,000			8,024		(10,874)	$ (1,850)
Common Stock, Shares, Issued							509,090,909
Preferred Stock, Shares Issued							1,000,000
Balances, January 31, 2022	50,909	100	$ 91,980	1,886,170	18,215	(198,404)	$ 1,848,969
Balances, October 31, 2021 at Jul. 31, 2021	50,909	100	91,980	1,886,170	18,215	(198,404)	1,848,969
Common shares sold	362			722,816			723,178
Common shares issued for controlling interest of subsidiary	50,000			(50,000)
Expenses paid on behalf of the Company and contributed to capital				29,400			29,400
Net income						(171,954)	(171,954)
Foreign currency translation					101,722		101,722
Balances, October 31, 2021 at Jul. 31, 2021	50,909	100	91,980	1,886,170	18,215	(198,404)	1,848,969
Expenses paid on behalf of the Company and contributed to capital							41,380
Net income							1,849,830
Foreign currency translation							(74,882)
Balances, January 31, 2022	101,271	100	91,980	2,588,386	119,937	(370,358)	2,531,315
Balances, October 31, 2021 at Oct. 31, 2021	101,271	100	91,980	2,588,386	119,937	(370,358)	2,531,315
Expenses paid on behalf of the Company and contributed to capital				11,980			11,980
Net income						2,021,784	2,021,784
Foreign currency translation					(176,604)		(176,604)
Common shares sold by subsidiary			91,979				$ 91,979
Common Stock, Shares, Issued							1,014,022,586
Preferred Stock, Shares Issued							1,000,000
Balances, January 31, 2022	$ 101,402	$ 100	$ 183,960	$ 2,863,392	$ (56,668)	$ 1,651,425	$ 4,743,612

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Changes in Stockholders' Equity (Deficit) Continued (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Common Stock, Shares, Issued						1,000,000
Balances, January 31, 2021	$ 1,000		$ 1,074		$ (2,074)
Balances, October 31, 2021 at Jul. 31, 2020	1,000		1,074		(2,074)
Net loss					(750)	(750)
Balances, October 31, 2021 at Jul. 31, 2020	1,000		1,074		(2,074)
Net loss						(8,800)
Expenses paid on behalf of the company and contributed to capital						6,950
Balances, January 31, 2021	1,000		1,074		(2,824)	(2,824)
Balances, October 31, 2021 at Oct. 31, 2020	1,000		1,074		(2,824)	(2,824)
Net loss					(8,050)	(8,050)
Expenses paid on behalf of the company and contributed to capital			6,950			$ 6,950
Common Stock, Shares, Issued						1,000,000
Balances, January 31, 2021	1,000		8,024		(10,874)	$ (1,850)
Common Stock, Shares, Issued						509,090,909
Balances, January 31, 2021	50,909	100	1,886,170	18,215	(198,404)	$ 1,848,969
Balances, October 31, 2021 at Jul. 31, 2021	50,909	100	1,886,170	18,215	(198,404)	1,848,969
Net loss					(171,954)	(171,954)
Expenses paid on behalf of the company and contributed to capital			29,400			29,400
Balances, October 31, 2021 at Jul. 31, 2021	50,909	100	1,886,170	18,215	(198,404)	1,848,969
Net loss						1,849,830
Expenses paid on behalf of the company and contributed to capital						41,380
Balances, January 31, 2021	101,271	100	2,588,386	119,937	(370,358)	2,531,315
Balances, October 31, 2021 at Oct. 31, 2021	101,271	100	2,588,386	119,937	(370,358)	2,531,315
Net loss					2,021,784	2,021,784
Expenses paid on behalf of the company and contributed to capital			11,980			$ 11,980
Common Stock, Shares, Issued						1,014,022,586
Balances, January 31, 2021	$ 101,402	$ 100	$ 2,863,392	$ (56,668)	$ 1,651,425	$ 4,743,612

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Comprehensive Income (loss)	$ 1,849,830	$ (8,800)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	470
Changes in current assets and liabilities:
Accounts payable	76,732
Prepaid expenses	(35,603)
Income tax payable	474,567
Accrued expenses and other payables	1,390,874	1,850
Net cash provided by (used in) operating activities	3,756,870	(6,950)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase fixed assets	(16,085)
Construction in progress	(710,188)
Net cash used in investing activities	(726,273)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash received from the sale of stock	986,336
Non-controlling interest	91,979
Foreign currency translation	(74,882)
Loan from related party	(2,686,352)
Expenses contributed to capital	41,380	6,950
Net cash provided by (used in) financing activities	(1,641,539)	6,950
Net increase (decrease) in cash and cash equivalents	1,389,058
Beginning cash and cash equivalents balance	1,848,213
Ending cash and cash equivalents balance	3,237,271
Interest
Income taxes

Note 1 - Organization and Descr

Note 1 - Organization and Description of Business	3 Months Ended
	Jan. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Note 1 - Organization and Description of Business	Note 1 - Organization and Description of Business We were originally incorporated in the state of Nevada on August 30, 2019, under the name Business Solutions Plus, Inc. On August 30, 2019, Paul Moody was appointed Chief Executive Officer, Chief Financial Officer, and Director of Business Solutions Plus, Inc. On March 3, 2021, Business Solutions Plus, Inc. (the “Company” or “Successor”) transmuted its business plan from that of a blank check shell company to forming a holding company that is a business combination related shell company. The reason for the change being that our former sole director desired to complete a holding company reorganization (“Reorganization”) pursuant to NRS 92A.180, NRS A.200, NRS 92A.230 and NRS 92A.250. The constituent corporations in the Reorganization were InterActive Leisure Systems, Inc. (“IALS” or “Predecessor”), the Company and Business Solutions Merger Sub, Inc. (“Merger Sub”). Our former director was the sole director/officer of each constituent corporation in the Reorganization. In preparation of the Reorganization, our former sole and controlling shareholder, Flint Consulting Services, LLC cancelled and returned to the Company’s treasury all issued and outstanding common shares of the Company held and owned by it. The Company issued 1,000 common shares of its common stock to Predecessor and Merger Sub issued 1,000 shares of its common stock to the Company prior to the Reorganization. Immediately prior to the merger, the Company was a wholly owned direct subsidiary of IALS and Merger Sub was a wholly owned and direct subsidiary of the Company. On March 22, 2021, the company filed articles of merger with the Nevada Secretary of State. The merger became effective on March 31, 2021 at 4:00 PM EST (“Effective Time”). At the Effective Time, Predecessor merged with and into Merger Sub (the “Merger), and Predecessor was the surviving corporation. Each share of Predecessor common stock issued and outstanding immediately prior to the Effective Time was converted into one validly issued, fully paid and non-assessable share of Successor common stock. In addition, the new ticker symbol “BSPI” was announced April 14, 2021 on the Financial Industry Regulatory Authority’s daily list with a market effective date of April 15, 2021. The Company received a new CUSIP Number 12330M107. On May 4, 2021, the Company entered into a Share Purchase Agreement (the “Agreement”) by and among Flint Consulting Services, LLC, a Wyoming Limited Liability Company (“FLINT”), and White Knight Co., Ltd., a Japan Company (“WKC”), pursuant to which, on May 7, 2021, (“Closing Date”) , FLINT sold 405,516,868 shares of the Company’s Restricted Common Stock and 1,000,000 Shares of Series A Preferred Stock, representing approximately 93.70% voting control of the Company. WKC paid consideration of three hundred twenty-five thousand dollars ($325,000) (the “Purchase Price”). The consummation of the transactions contemplated by the Agreement resulted in a change in control of the Company, with WKC becoming the Company’s largest controlling stockholder. The sole shareholder of White Knight Co., Ltd., a Japanese Company, is Koichi Ishizuka. On the Closing Date, Mr. Paul Moody resigned as the Company’s Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer. In addition, Mr. Moody resigned as Director on the Closing Date. Also on the Closing Date, Mr. Koichi Ishizuka was appointed as the Company’s Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Director. On June 18, 2021, our majority shareholder, White Knight Co., Ltd., a Japan Company, and our sole Director Mr. Koichi Ishizuka, executed a resolution to ratify, affirm, and approve a name and ticker symbol change of the Company from Business Solutions Plus, Inc., to WB Burgers Asia, Inc. A Certificate of Amendment to change our name was filed with the Nevada Secretary of State with an effective date of July 2, 2021. On July 1, 2021, we filed an amendment to our Articles of Incorporation with the Nevada Secretary of State, resulting in an increase to our authorized shares of common stock from 500,000,000 to 1,500,000,000. On September 14, 2021 we entered into an “Acquisition Agreement” with White Knight Co., Ltd., a Japan Company, whereas we issued 500,000,000 shares of restricted common stock to White Knight Co., Ltd., in exchange for 100% of the equity interests of WB Burgers Japan Co., Ltd., a Japan Company. Pursuant to the agreement, on October 1, 2021, White Knight Co., Ltd. has agreed to, and has subsequently forgiven any outstanding loans with WB Burgers Japan Co., Ltd. as of October 1, 2021. Following this transaction, WB Burgers Japan Co., Ltd. became our wholly owned subsidiary which we now operate through. In regards to the above transaction, the Company claims an exemption from registration afforded by Section Regulation S of the Securities Act of 1933, as amended ("Regulation S") for the above sales/issuances of the stock since the sales/issuances of the stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing. The Company’s main office is located at 3F K’s Minamiaoyama 6-6-20 Minamiaoyama, Minato-ku, Tokyo 107-0062, Japan. The Company has elected July 31st as its year end. On September 14, 2021, we acquired 100% of the equity interest of WB Burgers Japan Co., Ltd., a Japan Company. Following the acquisition, we ceased to be a shell company and adopted the same business plan as that of our now wholly owned subsidiary, WB Burgers Japan Co., Ltd.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Note 2 - Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies Basis of Presentation This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles, generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires 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 period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents at January 31, 2022 and July 31, 2021 were $3,237,271 and $1,848,213, respectively. Income Taxes The Company accounts for income taxes under ASC 740, “ Income Taxes Basic Earnings (Loss) Per Share The Company computes basic and diluted earnings (loss) per share in accordance with ASC Topic 260, Earnings per Share The Company does not have any potentially dilutive instruments as of January 31, 2022 and, thus, anti-dilution issues are not applicable. Fair Value of Financial Instruments The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures - Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. - Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. - Level 3 - Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of January 31, 2022. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accrued expenses. F-5 Table of Contents Related Parties The Company follows ASC 850, Related Party Disclosures, Share-Based Compensation ASC 718, “ Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “ Equity – Based Payments to Non-Employees.” The Company had no stock-based compensation plans as of January 31, 2022. The Company’s stock-based compensation for the periods ended January 31, 2022 and January 31, 2020 were $0 for both periods. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 We do not believe we will be impacted in the foreseeable future by the newly adopted accounting standard(s) mentioned above. The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Note 3 - Going Concern

Note 3 - Going Concern	3 Months Ended
	Jan. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Note 3 - Going Concern	Note 3 - Going Concern The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically operating loss, working capital deficiency, and other adverse key financial ratios. The Company has not yet established any source of revenue to cover its operating costs. Management plans to fund operating expenses with related party contributions to capital and the sale of shares of stock. There is no assurance that management's plan will be successful. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern.

Note 4 - Income Taxes

Note 4 - Income Taxes	3 Months Ended
	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Note 4 - Income Taxes	Note 4 - Income Taxes Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred taxes related primarily to differences between the recorded book basis and the tax basis of assets and liabilities for financial and income tax reporting. Deferred tax assets and liabilities represent the future tax return consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes are also recognized for operating losses that are available to offset future taxable income and tax credits that are available to offset future federal income taxes. The Company believes that its income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustments that will result in a material adverse effect on the Company’s financial condition, results of operations, or cash flow. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to ASC 740. F-6 Table of Contents

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies	3 Months Ended
	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Note 5 - Commitments and Contingencies	Note 5 - Commitments and Contingencies The Company follows ASC 450-20, Los Contingencies,

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	3 Months Ended
	Jan. 31, 2022
Payables and Accruals [Abstract]
Note 6 - Accrued Expenses	Note 6 - Accrued Expenses Accrued expenses totaled $3,200 $9,250

Note 7 - Shareholder Equity

Note 7 - Shareholder Equity	3 Months Ended
	Jan. 31, 2022
Equity [Abstract]
Note 7 - Shareholder Equity	Note 7 - Shareholder Equity Preferred Stock The authorized preferred stock of the Company consists of 200,000,000 shares with a par value of $0.0001. There were 1,000,000 shares issued and outstanding as of January 31, 2022 and July 31, 2021. On February 9, 2021, the Company filed, with the Secretary of State of Nevada, (“NSOS”) Restated Articles of Incorporation which amended the par value and authorized preferred stock. The Company withdrew its designated Series Z Preferred Stock and designated a new class of preferred stock described as Series A Preferred Stock. No shares of Preferred Stock of any series were issued and outstanding prior to or after the recording of the Restated Articles of Incorporation with NSOS. After the amendment, total authorized shares were 700,000,000, 500,000,000 common shares and 200,000,000 preferred shares, both with a par value of $.0001. On March 4, 2021, the Company announced on Form 8-K plans to participate in a holding company reorganization (“the Reorganization” or “Merger”) with InterActive Leisure Systems, Inc. (“IALS” or “Predecessor”), the Company and Business Solutions Merger Sub, Inc. (“Merger Sub”), collectively (the “Constituent Corporations”) pursuant to NRS 92A.180, NRS A.200, NRS 92A.230 and NRS 92A.250. Immediately prior to the Reorganization, the Company was a direct and wholly owned subsidiary of Interactive Leisure Systems, Inc. and Business Solutions Merger Sub, Inc. was a direct and wholly owned subsidiary of the Company. As disclosed in our 8-K filed on March 26, 2021, the above-mentioned Reorganization was legally effective as of March 31, 2021. Each share of Predecessor’s common stock issued and outstanding immediately prior to the Effective Time was converted into one validly issued, fully paid and non-assessable share of Successor common stock. The controlling shareholder of the Predecessor, Flint Consulting Services, LLC, (“Flint”) a Wyoming limited liability company became the same control shareholder of the Successor. Jeffrey DeNunzio, as sole member of Flint is deemed to be the indirect and beneficial holder 1,000,000 shares of Series A Preferred Stock of the Company representing approximately .17% voting control of the Company. Paul Moody, our former sole officer/director is the same officer/director of the Predecessor. The Series A Preferred shares were valued at $.10 per share when issued. On May 4, 2021, the Company entered into a Share Purchase Agreement (the “Agreement”) by and among Flint Consulting Services, LLC, a Wyoming Limited Liability Company (“FLINT”), and White Knight Co., Ltd., a Japan Company (“WKC”), pursuant to which, on May 7, 2021, (“Closing Date”) , FLINT sold 405,516,868 shares of the Company’s Restricted Common Stock and 1,000,000 Shares of Series A Preferred Stock, representing approximately 93.70% voting control of the Company. WKC paid consideration of three hundred twenty-five thousand dollars ($325,000) (the “Purchase Price”). The consummation of the transactions contemplated by the Agreement resulted in a change in control of the Company, with WKC becoming the Company’s largest controlling stockholder. The sole shareholder of White Knight Co., Ltd., a Japanese Company, is Koichi Ishizuka. Common Stock The authorized common stock of the Company consists of 1,500,000,000 shares with a par value of $0.0001. There were 1,012,706,797 and 509,090,909 shares of common stock issued and outstanding as of October 31, 2021 and July 31, 2021, respectively. On February 9, 2021, the Company filed, with the Secretary of State of Nevada, (“NSOS”) Restated Articles of Incorporation which amended the Company’s par value and authorized common stock. After the amendment, total authorized shares were 700,000,000, 500,000,000 common shares and 200,000,000 preferred shares, both with a par value of $.0001. On August 30, 2019, 1,000,000 common shares were issued to Flint Consulting Services for development of the Company’s business plan. On March 3, 2021, 1,000,000 common shares of the Company held and owned by Flint Consulting Services, LLC were cancelled and returned to the treasury of the Company. This action resulted in no shares issued and outstanding. On March 4, 2021, The Company announced on Form 8-K plans to participate in a holding company reorganization (“the Reorganization” or “Merger”) with InterActive Leisure Systems, Inc. (“IALS” or “Predecessor”), the Company and Business Solutions Merger Sub, Inc. (“Merger Sub”), collectively (the “Constituent Corporations”) pursuant to NRS 92A.180, NRS A.200, NRS 92A.230 and NRS 92A.250. Immediately prior to the Reorganization, the Company was a direct and wholly owned subsidiary of Interactive Leisure Systems, Inc. and Business Solutions Merger Sub, Inc. was a direct and wholly owned subsidiary of the Company. As disclosed in our 8-K filed on March 26, 2021, the above-mentioned Reorganization was legally effective as of March 31, 2021. Each share of Predecessor’s common stock issued and outstanding immediately prior to the Effective Time was converted into one validly issued, fully paid and non-assessable share of Successor common stock. The control shareholder of the Predecessor, Flint Consulting Services, LLC, (“Flint”) a Wyoming limited liability company became the same control shareholder of the Successor. On May 4, 2021, the Company entered into a Share Purchase Agreement (the “Agreement”) by and among Flint Consulting Services, LLC, a Wyoming Limited Liability Company (“FLINT”), and White Knight Co., Ltd., a Japan Company (“WKC”), pursuant to which, on May 7, 2021, (“Closing Date”) , FLINT sold 405,516,868 shares of the Company’s Restricted Common Stock and 1,000,000 Shares of Series A Preferred Stock, representing approximately 93.70% voting control of the Company. WKC paid consideration of three hundred twenty-five thousand dollars ($325,000) (the “Purchase Price”). The consummation of the transactions contemplated by the Agreement resulted in a change in control of the Company, with WKC becoming the Company’s largest controlling stockholder. The sole shareholder of White Knight Co., Ltd., a Japanese Company, is Koichi Ishizuka. On July 1, 2021, we filed an amendment to our Articles of Incorporation with the Nevada Secretary of State, resulting in an increase to our authorized shares of common stock from 500,000,000 to 1,500,000,000. Subsequent to the above action, on or about July 1, 2021, we sold 9,090,909 shares of restricted common stock to SJ Capital Co., Ltd., a Japanese Company, at a price of $0.20 per share of common stock. The total subscription amount paid by SJ Capital Co., Ltd. was approximately $1,818,181.80 or approximately 200,000,000 Japanese Yen. SJ Capital Co., Ltd., is owned and controlled by Senju Pharmaceutical Co., Ltd., a Japanese Company. Mr. Takeshi Sugisawa, the President of SJ Capital Co., Ltd., authorized the above transaction on behalf of SJ Capital Co., Ltd. Both SJ Capital Co., Ltd., and Senju Pharmaceutical Co., Ltd. are considered non-related parties to the Company. On August 24, 2021, we sold 1,363,636 shares of restricted common stock to Yasuhiko Miyazaki, a Japanese citizen, at a price of $.20 per share. The total subscription amount paid by Yasuhiko Miyazaki was approximately $272,727 or approximately 30,000,000 Japanese Yen. Mr. Miyazaki is not a related party to the Company. On August 30, 2021, our largest controlling shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole officer and Director, Koichi Ishizuka, sold a total of 353,181,818 shares of restricted common stock of the Company to the following parties in the respective quantities: Name of Purchaser Common Shares Purchased Price Paid Per Share Total Amount Paid ($) Koichi Ishizuka 101,363,636 $0.0001 10,136.00 Rei Ishizuka 1 50,000,000 $0.0001 5,000.00 Kiyoshi Noda 100,909,091 $0.0001 10,091.00 Yuma Muranushi 100,909,091 $0.0001 10,091.00 1 On September 14, 2021 we entered into an “Acquisition Agreement” with White Knight Co., Ltd., a Japan Company, whereas we issued 500,000,000 shares of restricted common stock to White Knight Co., Ltd., in exchange for 100% of the equity interests of WB Burgers Japan Co., Ltd., a Japan Company. Pursuant to the agreement, on October 1, 2021, White Knight Co., Ltd. has agreed to, and has subsequently forgiven any outstanding loans with WB Burgers Japan Co., Ltd. as of October 1, 2021. Following this transaction, WB Burgers Japan Co., Ltd. became our wholly owned subsidiary which we now operate through. On October 22, 2021, we sold 2,252,252 shares of restricted common stock to Shokafulin LLP, a Japan Company, which is controlled by Takuya Watanabe, a Japanese citizen, at a price of $0.20 per share. The total subscription amount paid by Shokafulin LLP was approximately $450,450 or approximately 50,000,000 Japanese Yen. Shokafulin LLP and Mr. Watanabe are not related parties to the Company. On December 27, 2021, we sold 1,315,789 shares of restricted common stock to Takahiro Fujiwara, a Japanese citizen, at a price of $0.20 per share. The total subscription amount paid by Takahiro Fujiwara was approximately $263,158. Mr. Fujiwara is not a related party to the Company. Additional Paid-In Capital The Company’s sole officer and director, Koichi Ishizuka, paid expenses on behalf of the Company totaling $ 41,380 The Company’s sole officer and director, Koichi Ishizuka, paid expenses on behalf of the Company totaling $ 6,400 The $ 16,913

Note 8 - Related-Party Transact

Note 8 - Related-Party Transactions	3 Months Ended
	Jan. 31, 2022
Related Party Transactions [Abstract]
Note 8 - Related-Party Transactions	Note 8 - Related-Party Transactions Additional Paid-In Capital The Company’s sole officer and director, Koichi Ishizuka, paid expenses on behalf of the Company totaling $41,380 The Company’s sole officer and director, Koichi Ishizuka, paid expenses on behalf of the Company totaling $6,400 during the period ended July 31, 2021. The Company’s former sole officer and director, Paul Moody, paid expenses on behalf of the company totaling $4,013 during the period ended July 31, 2021. Former related party, Jeffrey DeNunzio, paid expenses on behalf of the company totaling $6,500 during the period ended July 31, 2021. The $16,913 in total payments are considered contributions to the company with no expectation of repayment and are posted as additional paid-in capital.

Note 9 - Subsequent Events

Note 9 - Subsequent Events	3 Months Ended
	Jan. 31, 2022
Subsequent Events [Abstract]
Note 9 - Subsequent Events	Note 9 - Subsequent Events On or about February 8, 2022, we incorporated Store Foods Co., Ltd., a Japan Company. Store Foods Co., Ltd. is now a wholly owned subsidiary of the Company. Currently, Koichi Ishizuka is the sole Officer and Director of Store Foods Co., Ltd. While our future plans for Store Foods Co., Ltd. are not definitive and may change, the intended business purpose of the Company is as follows: 1. Food sales; 2. Food wholesale and retail; 3. Chain organizations consisting of food retailers as members; 4. Restaurants; 5. Manufacturing and sales of boxed lunches for catering; 6. Alcohol sales; 7. Health supplement and health drink sales; 8. Manufacturing and sales of functional foods; 9. Lease of goods related to restaurant management; 10. System development; 11. Delivery; 12. Application development and sales; 13. Advertising; 14. Management consulting; 15. All businesses incidental to any of the above. As a result of the above, we now have two wholly owned subsidiaries, WB Burgers Asia, Inc., and Store Foods Co., Ltd., both of which are Japan Companies. On March 11, 2022, we opened our first flagship Wayback Burgers location to the public in the Omotesando shopping plaza in Japan. We offer an array of quick bites, including but not limited to traditional hamburgers, fries, shakes, and other alternatives.

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. These accounting policies conform to accounting principles, generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires 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 period. In the opinion of management, all adjustments necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents at January 31, 2022 and July 31, 2021 were $3,237,271 and $1,848,213, respectively.
Income Taxes	Income Taxes The Company accounts for income taxes under ASC 740, “ Income Taxes
Basic Earnings (Loss) Per Share	Basic Earnings (Loss) Per Share The Company computes basic and diluted earnings (loss) per share in accordance with ASC Topic 260, Earnings per Share The Company does not have any potentially dilutive instruments as of January 31, 2022 and, thus, anti-dilution issues are not applicable.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. ASC 820, Fair Value Measurements and Disclosures - Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. - Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. - Level 3 - Inputs that are both significant to the fair value measurement and unobservable. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of January 31, 2022. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments. These financial instruments include accrued expenses. F-5 Table of Contents
Related Parties	Related Parties The Company follows ASC 850, Related Party Disclosures,
Share-Based Compensation	Share-Based Compensation ASC 718, “ Compensation – Stock Compensation The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “ Equity – Based Payments to Non-Employees.” The Company had no stock-based compensation plans as of January 31, 2022. The Company’s stock-based compensation for the periods ended January 31, 2022 and January 31, 2020 were $0 for both periods.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 We do not believe we will be impacted in the foreseeable future by the newly adopted accounting standard(s) mentioned above. The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Note 6 - Accrued Expenses (Deta

Note 6 - Accrued Expenses (Details Narrative) - USD ($)	Jan. 31, 2022	Jul. 31, 2021
Payables and Accruals [Abstract]
[custom:Accruedexpenses-0]	$ 3,200	$ 9,250

Note 7 - Shareholder Equity (De

Note 7 - Shareholder Equity (Details Narrative) - USD ($)	Jan. 31, 2022	Jul. 31, 2021
Equity [Abstract]
expenses paid by sole officer	$ 41,380	$ 6,400
total payments by officers	$ 16,913

Note 8 - Related-Party Transa_2

Note 8 - Related-Party Transactions (Details Narrative)	3 Months Ended
	Jan. 31, 2022USD ($)
Related Party Transactions [Abstract]
[custom:Expensespaidbyofficer]	$ 41,380