Cyber Apps World Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>Cyber Apps World has filed its Q2 2024 10-Q report, detailing financial information for the period ending January 31, 2024.</b>

AI Summary

Cyber Apps World (LEEN) filed a Quarterly Report (10-Q) with the SEC on March 22, 2024. Cyber Apps World filed a 10-Q for the period ending January 31, 2024. The company's fiscal year ends on July 31. The filing covers the second quarter of fiscal year 2024. The company was formerly known as CLEAN ENVIRO TECH CORP and SKY POWER SOLUTIONS CORP. The business address is in Lugano, Switzerland.

Why It Matters

For investors and stakeholders tracking Cyber Apps World, this filing contains several important signals. The 10-Q filing provides a snapshot of Cyber Apps World's financial health and operational status for the second quarter of fiscal year 2024. Understanding the details within this filing is crucial for investors and stakeholders to assess the company's performance and future prospects.

Risk Assessment

Risk Level: low — Cyber Apps World shows low risk based on this filing. The filing is a standard 10-Q, which is a routine quarterly report and does not contain significant new information that would drastically alter the risk profile.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Cyber Apps World's current financial position and operational performance.

Key Numbers

• 2024-01-31 — Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-03-22 — Filing Date (FILED AS OF DATE)
• 0731 — Fiscal Year End (FISCAL YEAR END)
• 8742 — SIC Code (SERVICES-MANAGEMENT CONSULTING SERVICES)
• 41 79 1595013 — Business Phone (BUSINESS PHONE)

Key Players & Entities

• Cyber Apps World (company) — COMPANY CONFORMED NAME
• CLEAN ENVIRO TECH CORP (company) — FORMER COMPANY
• SKY POWER SOLUTIONS CORP. (company) — FORMER COMPANY
• Superlattice Power, Inc. (company) — FORMER COMPANY
• Lugano (location) — CITY
• NV (location) — STATE OF INCORPORATION
• Switzerland (location) — BUSINESS ADDRESS
• 8742 (industry) — STANDARD INDUSTRIAL CLASSIFICATION

FAQ

Industry Context

Cyber Apps World operates within the Management Consulting Services industry (SIC code 8742). This sector involves providing advice and assistance on management issues to clients.

Regulatory Implications

As a publicly traded company in the US, Cyber Apps World is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of Form 10-Q for quarterly financial disclosures.

What Investors Should Do

1. Review the financial statements for revenue, net income, and cash flow.
2. Analyze the Management's Discussion and Analysis (MD&A) section for operational insights.
3. Check for any new risk factors or legal proceedings disclosed in the filing.

Key Dates

• 2024-01-31: Period End Date — End of the second fiscal quarter of 2024.
• 2024-03-22: Filing Date — Date the 10-Q report was filed with the SEC.
• 2014-05-30: Name Change — Date the company changed its name from CLEAN ENVIRO TECH CORP.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a continuing disclosure of financial performance. (Provides investors with up-to-date financial information on a company's performance between annual reports.)

Year-Over-Year Comparison

This is the first 10-Q filing identified for Cyber Apps World in the provided data, making a direct comparison to a prior filing impossible.

Key Financial Figures

• $398,400 — ella for consideration of approximately $398,400. As part of the transaction, William Al
• $140,000 — stockholder has advanced approximately $140,000 in working capital on our behalf. Zenit

Filing Documents

• cyap_10q.htm (10-Q) — 403KB
• cyap_ex311.htm (EX-31.1) — 9KB
• cyap_ex321.htm (EX-32.1) — 3KB
• 0001477932-24-001427.txt (&nbsp;) — 1661KB
• cyberapps-20240131.xsd (EX-101.SCH) — 23KB
• cyberapps-20240131_lab.xml (EX-101.LAB) — 118KB
• cyberapps-20240131_cal.xml (EX-101.CAL) — 29KB
• cyberapps-20240131_pre.xml (EX-101.PRE) — 88KB
• cyberapps-20240131_def.xml (EX-101.DEF) — 28KB
• cyap_10q_htm.xml (XML) — 119KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk Item 4.

Controls and Procedures

Controls and Procedures 14 PART II OTHER INFORMATION 15 Item 1.

Legal Proceedings

Legal Proceedings 15 Item 1A.

Risk Factors

Risk Factors 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 15 Item 3. Defaults Upon Senior Securities. 15 Item 4. Mine Safety Disclosures 15 Item 5. Other Information 15 Item 6. Exhibits 16

SIGNATURES

SIGNATURES 17 2 Table of Contents

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. 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 CYBER APPS WORLD INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) January 31, July 31, 2024 2023 $ $ Current assets: Cash $ 5,698 $ 3 Deposits & prepayments 3,561 - Total current assets 9,259 3 Other assets: Lavaca County Texas Producing Asset 39,280 - Software development – WIP - 488,696 Total other assets 39,280 488,696 Total Assets $ 48,539 $ 488,699 LIABILITIES Current liabilities: Accounts payable and accrued liabilities $ 21,171 $ 45,596 Total current liabilities 21,171 45,596 Long term liabilities: Convertible notes payable - 180,686 Loan payable - 11,597 Total non-current liabilities - 192,283 Total Liabilities 21,171 237,879 STOCKHOLDER'S EQUITY 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: $ 0.001 par value, 250,000,000 authorized, 1,272,917 issued and outstanding as of January 31, 2024 and as of July 31, 20

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

ITEM 2. Management's Discussion and Analysis of our Financial Conditions and Results of Operations.

Forward Looking Statements

Forward Looking Statements Certain statements made in this Quarterly Report on Form 10-Q (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. Background We were incorporated on July 15, 2002, under the laws of the State of Nevada under the name Titan Web Solutions, Inc. with a view to offering a full range of business consulting services in the retail specialty coffee industry in China. On April 9, 2015, we merged with our wholly owned subsidiary Cyber Apps World Inc. and concurrently changed our name to Cyber Apps World Inc. Our business focused on the development of mobile applications focusing o

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Controls and Procedures

Item 4. Controls and Procedures. Disclosure Controls and Procedures We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act") that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and that such information is accumulated and communicated to our senior management, which presently consists of Luca Benedetto, our President and Treasurer (our Principal Executive, Financial and Accounting Officer), as appropriate to allow timely decisions regarding required disclosure. We carried out an evaluation, under the supervision and with the participation of our senior management, which presently consists of Luca Benedetto, our President and Treasurer (our Principal Executive, Financial and Accounting Officer) of the effectiveness of the design and operation of our disclosure controls and procedures as of January 31, 2024. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting as set forth below, our President and Treasurer (our Principal Executive, Financial and Accounting Officer) concluded that our disclosur

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View this 10-Q filing on SEC EDGAR