Mon, Jul 1, 12:31 PM (112 days ago)
Leopard Energy, Inc. (formerly Cyber Apps World Inc.) filed an amended Form 10-Q/A for the quarter ended January 31, 2024, highlighting several key financial and operational updates. The amendment primarily addresses restatements due to previous accounting errors related to equity, convertible bonds, and liabilities. The company's financial position has improved, with total assets of $48,539 compared to $3 as of July 31, 2023, primarily due to the acquisition of a producing asset in Texas and additional paid-in capital. Key financial metrics include: - Net loss for the quarter: $36,986, down from $38,447 in the same period last year. - Total operating expenses for the quarter: $33,961, compared to $38,447 last year. - Cash flow from operations: -$25, with significant investments of $39,280 in the Texas asset. - Additional paid-in capital: $54,358 in the latest quarter. The company's financial health remains precarious with a working capital deficit of $89,625 and an accumulated deficit of $11,527,704. However, the parent company, Zenith Energy, has provided significant financial support, indicating intentions to continue funding operations and acquisitions in the energy sector. The company faces uncertainties regarding its ability to secure additional financing, raising substantial doubt about its ability to continue as a going concern.