WB Burgers Asia (WBBA) 10-Q 14 Mar 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Oct. 31, 2023	Mar. 14, 2024	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
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 Address, Postal Zip Code	107-0062
Local Phone Number	81-90-6002-4978
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
Shares issued and outstanding	2,072,642,444	2,072,642,444	1,070,718,679	1,057,340,752	1,014,022,586

Consolidated Balance Sheet (Una

Consolidated Balance Sheet (Unaudited) - USD ($)	Oct. 31, 2023	Jul. 31, 2023
Current Assets
Cash and cash equivalents	$ 37,889	$ 161,213
Accounts receivable	16,755	62,063
Inventories	5,294	4,950
Advance payments	49,982
Prepaid expenses	29,188	28,928
Total Current Assets	139,108	257,154
Equipment, software and leasehold improvement, net depreciation	521,708	602,543
Right of use asset	64,074	146,373
Deposits	238,693	253,153
TOTAL ASSETS	963,583	1,259,223
Current Liabilities
Accounts payable	249,765	252,917
Income tax payable		1,348
Lease liability, short term	67,550	156,362
Accrued expenses and other payables	1,787	2,429
Total Current Liabilities	319,102	413,056
TOTAL LIABILITIES	319,102	413,056
Preferred stock ($0.0001 par value, 200,000,000 shares authorized; 0 and 1,000,000 issued and outstanding as of October 31, 2023 and July 31, 2023, respectively)		100
Common stock ($0.0001 par value, 5,000,000,000 shares authorized, 2,072,642,444 and 1,070,718,679 shares issued and outstanding as of October 31, 2023 and July 31, 2023, respectively)	207,264	107,072
Subscription payable		10,000
Additional paid-in capital	7,245,622	7,024,709
Accumulated deficit	(6,143,169)	(5,687,400)
Accumulated other comprehensive income	(665,236)	(608,314)
Total Stockholders’ Equity	644,481	846,167
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT)	$ 963,583	$ 1,259,223

Consolidated Balance Sheet (U_2

Consolidated Balance Sheet (Unaudited) (Parenthetical)	Oct. 31, 2023 $ / shares shares
Statement of Financial Position [Abstract]
preferred par value | $ / shares	$ 0.0001
preferred shares authorized	200,000,000
preferred shares issued	0
common par value | $ / shares	$ 0.0001
common stock authorized	5,000,000,000
common stock issued	2,072,642,444

Consolidated Statement of Opera

Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Income Statement [Abstract]
Revenues	$ 142,992	$ 106,138
Cost of revenue	284,506	271,841
Gross profit (loss)	(141,514)	(165,703)
Operating expenses
General and administrative expenses	132,279	1,108,035
Total operating expenses	132,279	1,108,035
Net operating loss	(273,793)	(1,273,738)
Other Income (Loss)
Gain (loss) on foreign currency exchange	(266,810)	2,546
Interest income (expense)		(5,233)
Other income (expense)	84,834	13,179
Total other income (loss)	(181,976)	10,492
Income (loss) before income taxes provision	(455,769)	(1,263,246)
Provision for income taxes
Net loss	(455,769)	(1,263,246)
Currency translation adjustment	(56,922)	(297,655)
Comprehensive Income (Loss)	$ (512,691)	$ (1,560,901)
Basic and Diluted net loss per common share	$ 0	$ 0
Weighted average number of common shares outstanding - Basic and Diluted	1,876,251,800	1,049,388,026

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Notes Payable, Other Payables [Member]	Additional Paid-in Capital [Member]	Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Preferred stock issued and outstanding							1,000,000
Balance, value	$ 101,402	$ 100	$ 130,392	$ 5,272,374	$ (463,185)	$ (1,765,735)	$ 3,275,348
Shares issued and outstanding							1,014,022,586
Beginning balance, value at Jul. 31, 2022	101,402	100	130,392	5,272,374	(463,185)	(1,765,735)	$ 3,275,348
Net loss						(1,263,246)	$ (1,263,246)
Preferred stock issued and outstanding							1,000,000
Balance, value	105,734	100		6,654,223	(760,840)	(3,028,981)	$ 2,970,236
Shares issued and outstanding							1,057,340,752
Preferred stock issued and outstanding							1,000,000
Balance, value	107,072	100	10,000	7,024,709	(608,314)	(5,687,400)	$ 846,167
Shares issued and outstanding							1,070,718,679
Beginning balance, value at Jul. 31, 2023	107,072	100	10,000	7,024,709	(608,314)	(5,687,400)	$ 846,167
Common shares sold	192		(10,000)	44,055			34,247
Preferred shares converted to common shares	100,000	(100)		176,858			276,758
Net loss						(455,769)	(455,769)
Foreign currency translation					(56,922)		$ (56,922)
Preferred stock issued and outstanding							0
Balance, value	$ 207,264			$ 7,245,622	$ (665,236)	$ (6,143,169)	$ 644,481
Shares issued and outstanding							2,072,642,444

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) (Parenthetical) - shares	Mar. 14, 2024	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common Stock, Shares, Issued	2,072,642,444	2,072,642,444	1,070,718,679	1,057,340,752	1,014,022,586

Consolidated Statement of Cha_3

Consolidated Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) Continued - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Notes Payable, Other Payables [Member]	Additional Paid-in Capital [Member]	Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]	Total
Shares issued and outstanding							1,014,022,586
Preferred stock issued and outstanding							1,000,000
Balance, value	$ 101,402	$ 100	$ 130,392	$ 5,272,374	$ (463,185)	$ (1,765,735)	$ 3,275,348
Beginning balance, value at Jul. 31, 2022	101,402	100	130,392	5,272,374	(463,185)	(1,765,735)	3,275,348
Common shares sold	4,332		(130,392)	1,381,849			1,255,789
Net loss						(1,263,246)	$ (1,263,246)
Shares issued and outstanding							1,057,340,752
Preferred stock issued and outstanding							1,000,000
Balance, value	105,734	100		6,654,223	(760,840)	(3,028,981)	$ 2,970,236
Shares issued and outstanding							1,070,718,679
Preferred stock issued and outstanding							1,000,000
Balance, value	107,072	100	10,000	7,024,709	(608,314)	(5,687,400)	$ 846,167
Beginning balance, value at Jul. 31, 2023	107,072	100	10,000	7,024,709	(608,314)	(5,687,400)	846,167
Net loss						(455,769)	$ (455,769)
Shares issued and outstanding							2,072,642,444
Preferred stock issued and outstanding							0
Balance, value	$ 207,264			$ 7,245,622	$ (665,236)	$ (6,143,169)	$ 644,481

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (455,769)	$ (1,263,246)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	47,100	46,810
Loss on exchange of shares	276,758
Changes in current assets and liabilities:
Accounts receivable	42,375	(3,835)
Inventories	(636)	(1,436)
Other assets	24,307	70,983
Accounts payable	10,138	(2,841)
Prepaid expenses	(1,941)	(11,941)
Lease liability	(88,811)
Accrued expenses and other payables	(81,052)	(77,256)
Net cash used in operating activities	(138,720)	(1,242,762)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash received from the sale of stock	34,247	1,255,789
Net cash provided by financing activities	34,247	1,255,789
Net effect of exchange rate changes on cash	(18,851)	(8,680)
Net increase (decrease) in cash and cash equivalents	(123,324)	4,347
Beginning cash and cash equivalents balance	161,213	126,669
Ending cash and cash equivalents balance	37,889	131,016
Interest		5,234
Income taxes	1,348	338
Non-cash Transactions
Preferred shares exchanged for Common stock	$ 100,000

Note 1 - Organization and Descr

Note 1 - Organization and Description of Business	3 Months Ended
	Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Note 1 - Organization and Description of Business	Note 1 - Organization and Description of Business The Company was incorporated in the state of Nevada on August 30, 2019, under its original name of Business Solutions Plus, Inc. 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 While our plans for Store Foods are presently on hold, 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. 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.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Oct. 31, 2023
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. The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the unaudited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements, which would substantially duplicate the disclosures contained in the unaudited financial statements for the most recent fiscal period, as reported in the 2023 Annual Report, have been omitted. 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 October 31, 2023 and October 31, 2022 were $ 37,889 161,213 Revenue Recognition The Company adopted ASC 606, Revenue from Contracts with Customers (Topic 606) (“ASC 606”), in the second quarter of fiscal year 2020, as this was the first quarter that the Company generated revenues. Under ASC 606, the Company recognizes revenue when a customer obtains control of promised goods, in an amount that reflects the consideration that the Company expects to receive in exchange for the goods. To determine revenue recognition for arrangements within the scope of ASC 606, the Company performs the following five steps: (1) identify the contracts with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when or as the entity satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods it transfers to the customer. Under ASC 606, disaggregated revenue from contracts with customers depicts the nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors. Foreign currency translation The Company maintains its books and records in its local currency, Japanese YEN (“JPY”), which is a functional currency as being the primary currency of the economic environment in which its operation is conducted. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is the United States Dollars (“US$”) and the accompanying consolidated financial statements have been expressed in US$. In accordance with ASC Topic 830-30, “Translation of Financial Statement”, assets and liabilities of the Company whose functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements are recorded as a separate component of accumulated other comprehensive income within the statements of shareholders’ equity. Translation of amounts from the local currency of the Company into US$1 October 31, 2023 2022 Current JPY:US$1 exchange rate 149.51 148.26 Average JPY:US$1 exchange rate 147.35 141.63 Comprehensive income or loss ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income, as presented in the accompanying consolidated statements of shareholders’ equity consists of changes in unrealized gains and losses on foreign currency translation. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. Inventory Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out (“FIFO”) method, and are valued at the lower of cost or market value. This valuation requires the Company to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category. Fixed assets and depreciation Property, plant and equipment are stated at cost less depreciation and impairment loss. The initial cost of the assets comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the respective assets. ROU lease assets and liabilities The Company capitalizes all leased assets pursuant to ASU 2016-02, “Leases (Topic 842),” which requires lessees to recognize right-of-use assets and lease liability, initially measured at present value of the lease payments, on its balance sheet for leases with terms longer than 12 months and classified as either financing or operating leases. The Company excludes short-term leases having initial terms of 12 months or less from Topic 842 as an accounting policy election and recognizes rent expense on a straight-line basis over the lease term. The Company adopted the standard in the third quarter of fiscal year 2022. Income Taxes The Company accounts for income taxes under ASC 740, “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at October 31, 2023 and July 31, 2023. Basic Earnings (Loss) Per Share The Company computes basic and diluted earnings (loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company. The Company does not have any potentially dilutive instruments as of October 31, 2023 and, thus, anti-dilution issues are not applicable. F-5 Table of Contents 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 October 31, 2023 and July 31, 2023. 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. Related Parties The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions. On August 18, 2023, our majority shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole Officer and Director, Koichi Ishizuka, elected to convert its 1,000,000 shares of Series A Preferred Stock of WB Burgers Asia, Inc. into shares of Common Stock. This conversion has been approved by the Company, and the conversion became effective on August 18, 2023. Every 1 share of Series A Preferred Stock was converted into 1,000 shares of Common Stock, for a total of 1,000,000,000 shares of Common Stock. An evaluation was made regarding this exchange and it was determined that the Company should post an expense of $276,758 related to the shares valuation. 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 October 31, 2023. The Company’s stock-based compensation for the periods ended October 31, 2023 and October 31, 2022 were $0 for both periods. Recently Issued Accounting Pronouncements 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
	Oct. 31, 2023
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 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
	Oct. 31, 2023
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. The Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the period presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses, the realization of which could not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not. As of October 31, 2023, the Company has incurred a net loss of approximately $ 6,093,169 1,279,565 F-6 Table of Contents

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies	3 Months Ended
	Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Note 5 - Commitments and Contingencies	Note 5 - Commitments and Contingencies The Company follows ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies as of October 31, 2023 and July 31, 2023.

Note 6 - Fixed Assets

Note 6 - Fixed Assets	3 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Note 6 - Fixed Assets	Note 6 - Fixed Assets Fixed assets are stated at cost and depreciated using the straight-line method over their estimated useful lives. When retired or otherwise disposed, the carrying value and accumulated depreciation of the fixed asset is removed from its respective accounts and the net difference less any amount realized from disposition is reflected in earnings. Expenditures for maintenance and repairs which do not extend the useful lives of the related assets are expensed as incurred. As of October 31, 2023 and July 31, 2023 fixed assets Estimated Useful Life October 31, July 31, (approx.. years) 2023 2023 Furniture fixtures and equipment 5 $ 43,584 $ 46,224 Furniture fixtures and equipment 6 14,566 15,448 Furniture fixtures and equipment 8 160,987 170,740 Software 5 9,286 10,652 Leasehold improvement Remaining Lease Term 572,759 607,457 Accumulated depreciation (279,474 ) (247,978) Net book value $ 521,708 $ 602,543 Total depreciation expense for the periods ended October 31, 2023, and 2022, was $ 47,100 46,810

Note 7 - Right of Use Asset

Note 7 - Right of Use Asset	3 Months Ended
	Oct. 31, 2023
Leases [Abstract]
Note 7 - Right of Use Asset	Note 7 - Right of Use Asset The Company capitalizes all leased assets pursuant to ASU 2016-02, “Leases (Topic 842),” which requires lessees to recognize right-of-use assets and lease liability, initially measured at present value of the lease payments, on its balance sheet for leases with terms longer than 12 months and classified as either financing or operating leases. The Company excludes short-term leases having initial terms of 12 months or less from Topic 842 as an accounting policy election and recognizes rent expense on a straight-line basis over the lease term. The Company adopted the standard in the third quarter of fiscal year 2022. Our adoption of ASU 2016-02, Leases (Topic 842), and subsequent ASUs related to Topic 842, requires us to recognize substantially all leases on the balance sheet as an ROU asset and a corresponding lease liability. The new guidance also requires additional disclosures as detailed below. We determine if a contract is a lease at the inception of the arrangement. We review all options to extend, terminate, or purchase the ROU assets, and when reasonably certain to exercise, we include the option in the determination of the lease term and lease liability. Lease ROU assets and liabilities are recognized at commencement date of the lease, based on the present value of lease payments over the lease term. The lease ROU asset also includes any lease payments made and excludes any lease incentives. When readily determinable, we use the implicit rate in determining the present value of lease payments. When leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date, including the lease term. The tables below present financial information associated with our leases 653,704 67,551 Balance Sheet Classification October 31, 2023 July 31, 2023 Right-of-use assets Lease asset long $ 64,074 $ 146,373 Current lease liabilities Short-term lease liability 67,550 156,362 Non-current lease liabilities Lease liability long term 　 - 　 - Maturities of lease liabilities as of October 31, 2023 are as follows: 2023 67,550 2024 - 2025 and beyond - Total 67,550 Add(Less): Imputed interest - Present value of lease liabilities 67,550

Note 8 - Deposits

Note 8 - Deposits	3 Months Ended
	Oct. 31, 2023
Note 8 - Deposits	Note 8 - Deposits During the period ended July 31, 2022, the Company paid two security deposits for the leased office and restaurant space totaling approximately $ 238,693 at the October 31, 2023, exchange rate.

Note 9 - Accrued Expenses and O

Note 9 - Accrued Expenses and Other Payables	3 Months Ended
	Oct. 31, 2023
Deprecated Items [Abstract]
Note 9 - Accrued Expenses and Other Payables	Note 9 - Accrued Expenses and Other Payables Accrued expenses and other payables totaled $ 1,787 and $ 2,429 at October 31, 2023 and July 31, 2023, respectively, and consisted primarily of withholding taxes.

Note 10 - Shareholder Equity

Note 10 - Shareholder Equity	3 Months Ended
	Oct. 31, 2023
Equity [Abstract]
Note 10 - Shareholder Equity	Note 10 - 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 0 and 1,000,000 Series A preferred shares issued and outstanding as of October 31, 2023 and July 31, 2023, respectively. Our Certificate of Incorporation authorizes the issuance of up to 200,000,000 shares of Preferred Stock with designations, rights and preferences to be determined from time to time by our Board of Directors. Accordingly, our Board of Directors is empowered, without stockholder approval, to issue Preferred Stock with dividend, liquidation, conversion, voting, or other rights which could adversely affect the voting power or other rights of the holders of the Common Stock. In the event of issuance, the Preferred Stock could be utilized, under certain circumstances, as a method of discouraging, delaying or preventing a change in control of the Company. Although we have no present intention to issue any shares of our authorized Preferred Stock, there can be no assurance that we will not do so in the future. Of the 200,000,000 shares of preferred stock, 1,000,000 shares are designated as Series A Preferred Stock, $0.0001 par value each. Series A Preferred stock pay no dividends and each share of Series A Preferred Stock shall have voting rights equal to one thousand (1,000) votes of Common Stock. With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series A Preferred Stock shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Corporation's Certificate of Incorporation or by-laws. On August 17, 2023, our majority shareholder, White Knight Co., Ltd., and Koichi Ishizuka, our sole Officer and Director, executed a resolution to ratify, affirm, and approve to file an Amended and Restated Certificate of Incorporation. The Amended and Restated Certificate of Incorporation was filed with the Nevada Secretary of State on August 17, 2023, effective immediately. The Amended and Restated Certificated of Incorporation revised the rights of Series A Preferred Stock, now allowing each one (1) share of Series A Preferred Stock to be converted into one thousand (1,000) shares of Common Stock at the discretion of the holder(s) of Series A Preferred Stock. It also resulted in an increase to the authorized shares of our Common Stock from One Billion Five Hundred Million (1,500,000,000) to Five Billion (5,000,000,000). On August 18, 2023, our majority shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole Officer and Director, Koichi Ishizuka, elected to convert its 1,000,000 shares of Series A Preferred Stock of WB Burgers Asia, Inc. into shares of Common Stock. This conversion has been approved by the Company, and the conversion became effective on August 18, 2023. Every 1 share of Series A Preferred Stock was converted into 1,000 shares of Common Stock, for a total of 1,000,000,000 shares of Common Stock. An evaluation was made regarding this exchange and it was determined that the Company should post an expense of $276,758 related to the shares valuation. Common Stock The authorized common stock of the Company consists of 5,000,000,000 shares with a par value of $0.0001. There were 2,072,642,444 and 1,070,718,679 shares of common stock issued and outstanding as of October 31, 2023 and July 31, 2023, respectively. On August 17, 2023, our majority shareholder, White Knight Co., Ltd., and Koichi Ishizuka, our sole Officer and Director, executed a resolution to ratify, affirm, and approve to file an Amended and Restated Certificate of Incorporation. The Amended and Restated Certificate of Incorporation was filed with the Nevada Secretary of State on August 17, 2023, effective immediately. The Amended and Restated Certificated of Incorporation resulted in an increase to the authorized shares of our Common Stock from One Billion Five Hundred Million (1,500,000,000) to Five Billion (5,000,000,000). It also revised the rights of Series A Preferred Stock, now allowing each one (1) share of Series A Preferred Stock to be converted into one thousand (1,000) shares of Common Stock at the discretion of the holder(s) of Series A Preferred Stock. On August 18, 2023, our majority shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole Officer and Director, Koichi Ishizuka, elected to convert its 1,000,000 shares of Series A Preferred Stock of WB Burgers Asia, Inc. into shares of Common Stock. This conversion has been approved by the Company, and the conversion became effective on August 18, 2023. Every 1 share of Series A Preferred Stock was converted into 1,000 shares of Common Stock, for a total of 1,000,000,000 shares of Common Stock. An evaluation was made regarding this exchange and it was determined that the Company should post an expense of $276,758 related to the shares valuation. On August 9, 2023, the Company sold 434,783 shares of restricted Common Stock to Takahiro Fujiwara, a Japanese Citizen, at a price of $0.023 per share of Common Stock. The total subscription amount paid by Takahiro Fujiwara was approximately $10,000, which was received by the Company prior to July 31, 2023 and was recorded as shares payable at that time (see Shares payable On or about September 12, 2023, we sold 1,488,982 shares of restricted common stock to Shokafulin LLP, a Japanese Company, which is controlled by Takuya Watanabe, a Japanese citizen, at a price of approximately $0.023 per share of common stock. The total subscription amount paid by Shokafulin LLP was approximately $34,247. Shokafulin LLP and Mr. Watanabe are not related parties to the Company. Shares payable During the period ended July 31, 2023, the Company received funds totaling approximately $10,000 to be used to finalize the sale of common shares which took place August 9, 2023 (see Common shares

Note 11 - Related-Party Transac

Note 11 - Related-Party Transactions	3 Months Ended
	Oct. 31, 2023
Related Party Transactions [Abstract]
Note 11 - Related-Party Transactions	Note 11 - Related-Party Transactions Partnership and Licensing agreement During the periods ended October 31, 2023 and July 31, 2023, we operated a ghost kitchen, called Next Restaurant, in partnership with Next Meats Holdings, Inc. (Next Meats). Our CEO, Koichi Ishizuka, is the majority shareholder and CEO of Next Meats. The Company has a licensing agreement with Next Meats related to the Next Restaurant operations whereby the Company pays a 1% royalty fee to Next Meats based on revenue earned from selling Next Meats products. As of October 31, 2023, the royalty liability owed to Next Meats was approximately $ 44

Note 12 - Subsequent Events

Note 12 - Subsequent Events	3 Months Ended
	Oct. 31, 2023
Subsequent Events [Abstract]
Note 12 - Subsequent Events	Note 12 - Subsequent Events On November 3, 2023, the Board, along with White Knight Co., Ltd., and Koichi Ishizuka, “the Consenting Stockholders”, as well as our Board of Directors, consisting solely of Koichi Ishizuka, approved the following: To conduct a 100 to 1 Reverse Stock Split, affecting only the outstanding Common Shares of the Company. Accordingly, the Company will file a Certificate of Change with the Nevada Secretary of State on December 6, 2023. In connection with the Reverse Stock Split, the Company will file with the Financial Industry Regulatory Authority (FINRA) an Over-The-Counter (OTC) Corporate Action for the Reverse Stock Split to be processed by FINRA and published on the FINRA Daily List. Pursuant to the proposed action, there is to be no change in the quantity of our authorized shares of Common or Preferred Stock. On December 6, 2023, the Certificate of Change was filed with the Nevada Secretary of State in accordance with the above. The FINRA Corporate Action remains pending.

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Oct. 31, 2023
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. The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the unaudited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements, which would substantially duplicate the disclosures contained in the unaudited financial statements for the most recent fiscal period, as reported in the 2023 Annual Report, have been omitted.
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 October 31, 2023 and October 31, 2022 were $ 37,889 161,213
Revenue Recognition	Revenue Recognition The Company adopted ASC 606, Revenue from Contracts with Customers (Topic 606) (“ASC 606”), in the second quarter of fiscal year 2020, as this was the first quarter that the Company generated revenues. Under ASC 606, the Company recognizes revenue when a customer obtains control of promised goods, in an amount that reflects the consideration that the Company expects to receive in exchange for the goods. To determine revenue recognition for arrangements within the scope of ASC 606, the Company performs the following five steps: (1) identify the contracts with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when or as the entity satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods it transfers to the customer. Under ASC 606, disaggregated revenue from contracts with customers depicts the nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors.
Foreign currency translation	Foreign currency translation The Company maintains its books and records in its local currency, Japanese YEN (“JPY”), which is a functional currency as being the primary currency of the economic environment in which its operation is conducted. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is the United States Dollars (“US$”) and the accompanying consolidated financial statements have been expressed in US$. In accordance with ASC Topic 830-30, “Translation of Financial Statement”, assets and liabilities of the Company whose functional currency is not US$ are translated into US$, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements are recorded as a separate component of accumulated other comprehensive income within the statements of shareholders’ equity. Translation of amounts from the local currency of the Company into US$1 October 31, 2023 2022 Current JPY:US$1 exchange rate 149.51 148.26 Average JPY:US$1 exchange rate 147.35 141.63
Comprehensive income or loss	Comprehensive income or loss ASC Topic 220, “Comprehensive Income”, establishes standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income, as presented in the accompanying consolidated statements of shareholders’ equity consists of changes in unrealized gains and losses on foreign currency translation.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred.
Inventory	Inventory Inventories, consisting of products available for sale, are primarily accounted for using the first-in, first-out (“FIFO”) method, and are valued at the lower of cost or market value. This valuation requires the Company to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category.
Fixed assets and depreciation	Fixed assets and depreciation Property, plant and equipment are stated at cost less depreciation and impairment loss. The initial cost of the assets comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the respective assets.
ROU lease assets and liabilities	ROU lease assets and liabilities The Company capitalizes all leased assets pursuant to ASU 2016-02, “Leases (Topic 842),” which requires lessees to recognize right-of-use assets and lease liability, initially measured at present value of the lease payments, on its balance sheet for leases with terms longer than 12 months and classified as either financing or operating leases. The Company excludes short-term leases having initial terms of 12 months or less from Topic 842 as an accounting policy election and recognizes rent expense on a straight-line basis over the lease term. The Company adopted the standard in the third quarter of fiscal year 2022.
Income Taxes	Income Taxes The Company accounts for income taxes under ASC 740, “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at October 31, 2023 and July 31, 2023.
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. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted earnings (loss) per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company. The Company does not have any potentially dilutive instruments as of October 31, 2023 and, thus, anti-dilution issues are not applicable. F-5 Table of Contents
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 October 31, 2023 and July 31, 2023. 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.
Related Parties	Related Parties The Company follows ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions. On August 18, 2023, our majority shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole Officer and Director, Koichi Ishizuka, elected to convert its 1,000,000 shares of Series A Preferred Stock of WB Burgers Asia, Inc. into shares of Common Stock. This conversion has been approved by the Company, and the conversion became effective on August 18, 2023. Every 1 share of Series A Preferred Stock was converted into 1,000 shares of Common Stock, for a total of 1,000,000,000 shares of Common Stock. An evaluation was made regarding this exchange and it was determined that the Company should post an expense of $276,758 related to the shares valuation.
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 October 31, 2023. The Company’s stock-based compensation for the periods ended October 31, 2023 and October 31, 2022 were $0 for both periods.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements 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 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Translation of amounts from the local currency of the Company into US$1	Translation of amounts from the local currency of the Company into US$1 October 31, 2023 2022 Current JPY:US$1 exchange rate 149.51 148.26 Average JPY:US$1 exchange rate 147.35 141.63

Note 6 - Fixed Assets (Tables)

Note 6 - Fixed Assets (Tables)	3 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
As of October 31, 2023 and July 31, 2023 fixed assets	As of October 31, 2023 and July 31, 2023 fixed assets Estimated Useful Life October 31, July 31, (approx.. years) 2023 2023 Furniture fixtures and equipment 5 $ 43,584 $ 46,224 Furniture fixtures and equipment 6 14,566 15,448 Furniture fixtures and equipment 8 160,987 170,740 Software 5 9,286 10,652 Leasehold improvement Remaining Lease Term 572,759 607,457 Accumulated depreciation (279,474 ) (247,978) Net book value $ 521,708 $ 602,543

Note 7 - Right of Use Asset (Ta

Note 7 - Right of Use Asset (Tables)	3 Months Ended
	Oct. 31, 2023
Leases [Abstract]
The tables below present financial information associated with our leases	The tables below present financial information associated with our leases 653,704 67,551 Balance Sheet Classification October 31, 2023 July 31, 2023 Right-of-use assets Lease asset long $ 64,074 $ 146,373 Current lease liabilities Short-term lease liability 67,550 156,362 Non-current lease liabilities Lease liability long term 　 - 　 - Maturities of lease liabilities as of October 31, 2023 are as follows: 2023 67,550 2024 - 2025 and beyond - Total 67,550 Add(Less): Imputed interest - Present value of lease liabilities 67,550

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Oct. 31, 2023	Oct. 31, 2022
Accounting Policies [Abstract]
cash equivalents	$ 37,889	$ 161,213

Note 4 - Income Taxes (Details

Note 4 - Income Taxes (Details Narrative)	Oct. 31, 2023 USD ($)
Income Tax Disclosure [Abstract]
[custom:Incurrednetloss-0]	$ 6,093,169
[custom:Deferredtaxassetapprox-0]	$ 1,279,565

Note 6 - Fixed Assets (Details

Note 6 - Fixed Assets (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Accounting Policies [Abstract]
[custom:Depreciationexpenseperiod]	$ 47,100	$ 46,810

The tables below present financ

The tables below present financial information associated with our leases (Details)	Oct. 31, 2023 USD ($)
Leases [Abstract]
initial rou operating lease	$ 653,704
rou lease liabilities	$ 67,551

Note 8 - Deposits (Details Narr

Note 8 - Deposits (Details Narrative)	Oct. 31, 2023 USD ($)
[custom:Securitydeposits-0]	$ 238,693

Note 9 - Accrued Expenses and_2

Note 9 - Accrued Expenses and Other Payables (Details Narrative) - USD ($)	Oct. 31, 2023	Jul. 31, 2023
Deprecated Items [Abstract]
[custom:Accruedexpensesandotherpayables-0]	$ 1,787	$ 2,429

Note 11 - Related-Party Trans_2

Note 11 - Related-Party Transactions (Details Narrative)	Oct. 31, 2023 USD ($)
Related Party Transactions [Abstract]
royalty liability	$ 44