Leopard Energy, Inc. Files Q3 2024 10-Q

TL;DR

Leopard Energy (CYAP) filed its Q3 2024 10-Q. Check financials.

AI Summary

Leopard Energy, Inc. filed a 10-Q for the period ending April 30, 2024. The company, formerly known as Cyber Apps World, is incorporated in Nevada and based in Lugano, Switzerland. Its fiscal year ends on July 31st. The filing includes financial data for Q3 2024.

Why It Matters

This filing provides investors with an update on Leopard Energy's financial performance and operational status for the third quarter of fiscal year 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing with no immediate red flags or significant new disclosures.

Key Numbers

• 0.001 — Stock Price (Appears to be a nominal stock price)
• 10000000 — Shares Outstanding (Indicates the scale of the company's equity)
• 250000000 — Market Capitalization (Represents the total market value of the company's shares)

Key Players & Entities

• Leopard Energy, Inc. (company) — Filer of the 10-Q
• Cyber Apps World (company) — Former name of Leopard Energy, Inc.
• 20240430 (date) — End of the reporting period
• 0731 (date) — Fiscal year end
• Q3 2024 (period) — Quarter reported

FAQ

Filing Documents

• cyap_10q.htm (10-Q) — 734KB
• cyap_ex311.htm (EX-31.1) — 12KB
• cyap_ex312.htm (EX-31.2) — 12KB
• cyap_ex321.htm (EX-32.1) — 4KB
• cyap_ex322.htm (EX-32.2) — 4KB
• 0001477932-24-003832.txt ( ) — 3786KB
• cyap-20240430.xsd (EX-101.SCH) — 29KB
• cyap-20240430_lab.xml (EX-101.LAB) — 158KB
• cyap-20240430_cal.xml (EX-101.CAL) — 30KB
• cyap-20240430_pre.xml (EX-101.PRE) — 138KB
• cyap-20240430_def.xml (EX-101.DEF) — 76KB
• cyap_10q_htm.xml (XML) — 825KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 19 Item 4.

Controls and Procedures

Controls and Procedures 19 PART II OTHER INFORMATION 20 Item 1.

Legal Proceedings

Legal Proceedings 20 Item 1A.

Risk Factors

Risk Factors 20 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 20 Item 3. Defaults Upon Senior Securities . 20 Item 4. Mine Safety Disclosures 20 Item 5. Other Information 20 Item 6. Exhibits 21

SIGNATURES

SIGNATURES 22 2 Table of Contents As used in this Quarterly Report on Form 10-Q (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 ") Oon 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 January 2024, date, 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 nine months ended April 30, 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 nine months ended April 30, 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 April 30, 2024 and July 31, 2023 April 30, 2024 (Unaudited) July 31, 2023 $ $ Current assets: Cash $ 2,051 $ 3 Deposits & prepayments 3,561 - Total current assets 5,612 3 Other assets: Lavaca Country Texas Producing Asset 39,280 - Total other assets 39,280 - Total Assets $ 44,892 $ 3 LIABILITIES Current liabilities: Accounts payable and accrued liabilities $ 208,104 $ 123,309 Total current liabilities 208,104 123,309 Long term liabilities: Convertible notes payable - 179,150 Loan payable - 13,134 Total non-current liabilities - 192,284 Total Liabilities 208,104 315,593 STOCKHOLDER'S DEFICIT Preferred stock: $ 0.001 par value, 10,000,000 authorized, 100,000 issued and outstanding as of April 30, 2024 and July 31, 2023, 100 100 Common stock: $ 0.001 par value, 2

View Full Filing

View this 10-Q filing on SEC EDGAR