Leopard Energy Files Amended 10-Q
Ticker: LEEN · Form: 10-Q/A · Filed: Jul 1, 2024 · CIK: 1230524
Sentiment: neutral
Topics: amendment, financials, preferred-stock, common-stock
TL;DR
Leopard Energy (CYAP) amended its 10-Q for Jan 31, 2024. Financials updated.
AI Summary
Leopard Energy, Inc. filed an amended 10-Q for the period ending January 31, 2024. The filing includes financial data for the quarter and year-to-date, with specific figures related to preferred stock and common stock. The company, formerly known as Cyber Apps World, is incorporated in Nevada and operates in management consulting services.
Why It Matters
This amended filing provides updated financial information for Leopard Energy, Inc., which is crucial for investors and stakeholders to assess the company's performance and financial health.
Risk Assessment
Risk Level: low — The filing is an amendment to a previous report and does not appear to contain new material adverse information.
Key Numbers
- 0.001 — Series A Preferred Stock Par Value (Indicates a nominal par value for a class of preferred stock.)
- 10000000 — Series A Preferred Stock Authorized Shares (Represents the maximum number of Series A preferred shares the company is permitted to issue.)
- 250000000 — Common Stock Authorized Shares (Indicates the total number of common shares the company is authorized to issue.)
Key Players & Entities
- Leopard Energy, Inc. (company) — Filer
- Cyber Apps World (company) — Former company name
- 20240131 (date) — Period of report
- 8742 (number) — Standard Industrial Classification (SIC) code for Services-Management Consulting Services
- 0001230524 (company) — Central Index Key (CIK)
FAQ
What is the primary purpose of this 10-Q/A filing?
This is an amended 10-Q filing for Leopard Energy, Inc., indicating updates or corrections to previously submitted financial information for the period ending January 31, 2024.
What was Leopard Energy, Inc. previously known as?
Leopard Energy, Inc. was formerly known as Cyber Apps World, with a name change date of January 13, 2016.
What is Leopard Energy's Standard Industrial Classification (SIC) code?
Leopard Energy, Inc. is classified under SIC code 8742, which corresponds to Services-Management Consulting Services.
What is the fiscal year end for Leopard Energy, Inc.?
The company's fiscal year ends on July 31st.
What specific financial data points are highlighted in the filing details?
The filing details mention Series A Preferred Stock with a par value of $0.001 and 10,000,000 authorized shares, and Common Stock with 250,000,000 authorized shares.
Filing Stats: 4,679 words · 19 min read · ~16 pages · Grade level 19.4 · Accepted 2024-07-01 08:30:40
Key Financial Figures
- $0,001 — TOCKHOLDER'S DEFICIT Preferred stock: $0,001 par value, 10,000,000 authorized, 100,0
Filing Documents
- cyap_10qa.htm (10-Q/A) — 968KB
- cyap_ex311.htm (EX-31.1) — 9KB
- cyap_ex312.htm (EX-31.2) — 9KB
- cyap_ex321.htm (EX-32.1) — 3KB
- cyap_ex322.htm (EX-32.2) — 3KB
- 0001477932-24-003977.txt ( ) — 5658KB
- cyap-20240131.xsd (EX-101.SCH) — 33KB
- cyap-20240131_lab.xml (EX-101.LAB) — 182KB
- cyap-20240131_cal.xml (EX-101.CAL) — 30KB
- cyap-20240131_pre.xml (EX-101.PRE) — 159KB
- cyap-20240131_def.xml (EX-101.DEF) — 94KB
- cyap_10qa_htm.xml (XML) — 1589KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 22 Item 4.
Controls and Procedures
Controls and Procedures 22 PART II OTHER INFORMATION 23 Item 1.
Legal Proceedings
Legal Proceedings 23 Item 1A.
Risk Factors
Risk Factors 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 3. Defaults Upon Senior Securities. 23 Item 4. Mine Safety Disclosures 23 Item 5. Other Information 23 Item 6. Exhibits 24
SIGNATURES
SIGNATURES 25 2 Table of Contents
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION As used in this Form 10-Q/A (this " Report "), and unless otherwise indicated, the terms " the Company ," " we ," " us " and " our " refer to Leopard Energy, Inc. f/k/a Cyber Apps World Inc EXPLANATORY NOTE In a Form 10-K/A filed with the Securities and Exchange Commission (the " SEC ") on December 15, 2023, the Company , disclosed that it had recently learned that, despite representations and statements to the contrary, Ahmed & Associates, P.C. (" AAPC "), the accounting firm that the Company had retained as its independent registered accounting firm with respect to the audit of its financial statements for the year ended July 31, 2023, was not registered with the Public Company Accounting Oversight Board (the " PCAOB "), as required by the rules and regulations adopted by the SEC. In addition, in January 2024, the PCAOB revoked the registration of Jack Shama, CPA, the accounting firm that had audited the Company's financial statements for the year ended July 31, 2022. Accordingly, on April 17, 2024, the Company filed an additional Form 10-K/A further its Annual Report on Form 10-K for the year ended July 31, 2023 to include financial statements for the years ended July 31, 2023 and July 31, 2022, which were audited by a PCAOB registered accounting firm. As a result thereof, the Company is restating in this Report, its financial statements for the three and six months ended January 31, 2024 and 2023.
FINANCIAL INFORMATION
PART I FINANCIAL INFORMATION Certain information and footnote disclosures required under accounting principles generally accepted in the United States of America have been condensed or omitted from the following financial statements pursuant to the rules and regulations of the Securities and Exchange Commission. It is suggested that the following financial statements be read in conjunction with the year-end financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended July 31, 2023, as amended by a Form 10-K/A filed on December 15, 2023 and a Form 10-K/A filed on April 17, 2024. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. The results of operations for the three and six months ended January 31, 2024, are not necessarily indicative of the results for the entire fiscal year or for any other period. 3 Table of Contents LEOPARD ENERGY, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS As of January 31, 2024 and July 31, 2023 January 31, July 31, 2024 2023 (Unaudited and Restated) $ $ Current assets: Cash $ 5,698 $ 3 Deposits & prepayments 3,561 - Total current assets 9,259 3 Other assets: Lavaca Country Texas Producing Asset 39,280 - Total other assets 39,280 - Total Assets $ 48,539 $ 3 LIABILITIES Current liabilities: Accounts payable and accrued liabilities $ 98,884 $ 123,309 Total current liabilities 98,884 123,309 Long term liabilities: Convertible notes payable - 179,150 Loan payable - 13,134 Total non-current liabilities - 192,284 Total Liabilities 98,884 315,593 STOCKHOLDER'S DEFICIT Preferred stock: $ 0.001 par value, 10,000,000 authorized, 100,000 issued and outstanding as of January 31, 2024 and July 31, 2023, 100 100 Common stock: $ 0