Cyber Apps World Files 10-K/A for Fiscal Year Ended July 31, 2023

TL;DR

<b>Cyber Apps World submitted a 10-K/A filing on April 17, 2024, detailing its fiscal year ending July 31, 2023, and including historical company name changes and financial instrument data.</b>

AI Summary

Cyber Apps World (LEEN) filed a Amended Annual Report (10-K/A) with the SEC on April 17, 2024. Cyber Apps World filed a 10-K/A amendment on April 17, 2024, for the fiscal year ending July 31, 2023. The company was formerly known as CLEAN ENVIRO TECH CORP and SKY POWER SOLUTIONS CORP. The filing includes data related to Series A Preferred Shares and Common Stocks. Key dates mentioned include August 1, 2023, and July 31, 2023, for fiscal year reporting. Various convertible promissory notes are referenced with dates spanning from 2021 to 2023.

Why It Matters

For investors and stakeholders tracking Cyber Apps World, this filing contains several important signals. This amended filing provides updated information for the fiscal year 2023, which is crucial for investors to assess the company's current financial standing and strategic direction. The inclusion of details on preferred shares and convertible notes indicates potential complexities in the company's capital structure that could impact future equity value and dilution.

Risk Assessment

Risk Level: — Cyber Apps World shows moderate risk based on this filing. The filing is an amendment (10-K/A), suggesting potential inaccuracies or omissions in the original filing that require correction, which could indicate underlying issues.

Analyst Insight

Investors should review the specific amendments in the 10-K/A to understand the nature of the corrections and their potential impact on the company's financial reporting.

Key Numbers

• 2023-07-31 — Fiscal Year End (Conformed period of report)
• 2024-04-17 — Filing Date (As of date)
• 000-50693 — SEC File Number (SEC file number)

Key Players & Entities

• Cyber Apps World (company) — Filer name
• CLEAN ENVIRO TECH CORP (company) — Former company name
• SKY POWER SOLUTIONS CORP. (company) — Former company name
• 2024-04-17 (date) — Filing date
• 2023-07-31 (date) — Fiscal year end date

FAQ

Industry Context

The filing pertains to a company in the management consulting services sector, though specific business operations are not detailed in this header information.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.

What Investors Should Do

1. Review the full 10-K/A filing for details on the amendments made.
2. Analyze the company's capital structure, including preferred shares and convertible notes.
3. Research the company's historical name changes to understand its evolution.

Key Dates

• 2024-04-17: Filing Date — Filing of 10-K/A amendment
• 2023-07-31: Fiscal Year End — Reporting period end

Glossary

10-K/A

An amended annual report filed with the SEC. (Indicates a correction or addition to a previously filed annual report.)

Series A Preferred Shares

A class of stock with preferential rights over common stock. (Relevant to understanding the company's capital structure and potential dilution.)

Convertible Promissory Note

A debt instrument that can be converted into equity. (Relevant to understanding potential future equity dilution and debt obligations.)

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating changes or additions to a previous submission for the fiscal year ending July 31, 2023.

Key Financial Figures

• $0.001 — g) of the Act: Common Stock, par value $0.001 (Title of class) Indicate by check m
• $148,894 — Operations The Company had a loss of $148,894 during the fiscal year ended July 31, 2
• $1,938,629 — ed July 31, 2023, compared to a loss of $1,938,629 incurred during the fiscal year ended J
• $139,430 — pany has incurred operating expenses of $139,430 during the fiscal year ended July 31, 2
• $1,913,064 — d July 31, 2023 compared to expenses of $1,913,064 incurred during the fiscal year ended J
• $3 — , 2023, our current assets consisted of $3 in cash and deposits and our total liab
• $315,593 — deposits and our total liabilities were $315,593 which consisted of note payables of $17
• $179,150 — 593 which consisted of note payables of $179,150, loans payable of $13,134, and accounts
• $13,134 — payables of $179,150, loans payable of $13,134, and accounts payable and accrued expen
• $123,309 — ccounts payable and accrued expenses of $123,309. The balances of note payables and Loan
• $11,472,147 — nue and have incurred losses to date of $11,472,147. In addition, our current liabilities e
• $123,306 — iabilities exceed our current assets by $123,306. These factors raise substantial doubt
• $320 — Cash Flows Cash balances of $ 3 and $320 were held as of July 31,2023 and 2022,
• $48,360 — flows used in operating activities were $48,360 consisting of our net loss for the peri
• $5,440 — , increase from the accounts payable of $5,440, an impairment loss of $ 73,942, Intere

Filing Documents

• cyap_10ka.htm (10-K/A) — 842KB
• cyap_ex311.htm (EX-31.1) — 10KB
• cyap_ex312.htm (EX-31.2) — 10KB
• cyap_ex321.htm (EX-32.1) — 4KB
• cyap_ex322.htm (EX-32.2) — 4KB
• 0001477932-24-002208.txt (&nbsp;) — 4956KB
• cyap-20230731.xsd (EX-101.SCH) — 35KB
• cyap-20230731_lab.xml (EX-101.LAB) — 212KB
• cyap-20230731_cal.xml (EX-101.CAL) — 29KB
• cyap-20230731_pre.xml (EX-101.PRE) — 189KB
• cyap-20230731_def.xml (EX-101.DEF) — 105KB
• cyap_10ka_htm.xml (XML) — 1131KB

Management's Discussion and Analysis of our Financial Conditions and Results of Operations

Item 7. Management's Discussion and Analysis of our Financial Conditions and Results of Operations. The following discussion should be read in conjunction with our financial statements and notes to those financial statements, included in Item 8 of this Annual Report on Form 10-K (this " Report ").

Forward Looking Statements

Forward Looking Statements Certain statements made in Item 7 of and elsewhere in this Report may constitute " forward-looking statements " on our current expectations and projections about future events. These forward-looking statements involve known or unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases you can identify forward-looking statements by some words such as " may ," " should ," " potential ," " continue ," " expects ," " anticipates ," " intends ," " plans ," " believes ," " estimates " and similar expressions. These statements are based on our current beliefs, expectations, and assumptions and are subject to a number of risks and uncertainties. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. These forward-looking statements are made as of the date of this Report, and we assume no obligation to update these forward-looking statements whether as a result of new information, future events, or otherwise, other than as required by law. In light of these assumptions, risks, and uncertainties, the forward-looking events discussed in this Report might not occur and actual results and events may vary significantly from those discussed in the forward-looking statements. Results of Operations The Company had a loss of $148,894 during the fiscal year ended July 31, 2023, compared to a loss of $1,938,629 incurred during the fiscal year ended July 31, 2022. We have not attained profitable operations and are dependent upon obtaining financing to complete implementation of our proposed business plan to focus on the identification and acquisition of energy (oil and gas) production and development opportunities in the U.S.

Financial Statements and Supplementary Data (PCAOB 50909)

Item 8. Financial Statements and Supplementary Data (PCAOB 50909). CYBER APPS WORLD INC. FINANCIAL STATEMENTS July 31, 2023 and July 31, 2022 Index to Financial Statements Page Report of Independent Registered Accounting Firm F-1 Consolidated Balance Sheets as of July 31, 2023, and 2022 F-3 Consolidated Statements of Operations and Comprehensive Loss for Years Ended July 31, 2023, and 2022 F-4 Consolidated Statement of Changes in Shareholder's Deficit for the Years Ended July 31, 2023, and 2022 F-5 Consolidated Statements of Cash Flows for the Years Ended July 31, 2023, and 2022 F-6

Notes to Consolidated Financial Statements for the Years Ended July 31, 2023, and 2022

Notes to Consolidated Financial Statements for the Years Ended July 31, 2023, and 2022 F-7 6 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To: The Shareholders and the Board of Directors of Cyber Apps World Inc. Opinion on the Financial Statements We have audited the accompanying consolidated balance sheet of Cyber Apps World Inc and its Subsidiaries (collectively, the "Company") as of July 31, 2023 and 2022, and the related consolidated statements of operations and comprehensive loss, changes in shareholders' deficit, and cash flows for the years ended July31, 2023 and 2022, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of July 31, 2023 and 2022, and the results of its operations and its cash flows for the years ended July 31, 2023 and 2022, in conformity with accounting principles generally accepted in the United States of America. Substantial Doubt about the Company's Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company incurred substantial losses during the years ended July 31, 2023 and 2022. As of July 31, 2023 and 2022, the Company had a working capital deficit. Accordingly, these factors give rise to substantial doubt that the Company will be able to continue as a going concern. Management closely monitors the Company's financial position and has prepared a plan that is found in Note 1 that addresses this substantial doubt. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. Emphasis of Matter Restatement of Previously Issued Consolidated Financial Statements. As discussed in Note 1 to the consolidated financial statements, the Company has restated it

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