Mon, Dec 16, 1:31 PM (27 days ago)
Leopard Energy, Inc. (formerly Cyber Apps World Inc., ticker: LEP) reported its Q1 FY2025 results for the period ending October 31, 2024. The company generated revenues of $1,923, a significant increase from $0 in the prior year, attributed to its new royalty interest in a Texas oil production property. Total operating expenses decreased to $10,908 from $66,747, primarily due to reduced general and administrative costs. The net loss narrowed to $9,048 from $18,571 year-over-year, reflecting a more efficient cost structure. As of October 31, 2024, total assets were $47,573, with cash at $8,293, up from $6,432 at the previous quarter-end. However, liabilities remained high at $230,255, leading to a stockholder's deficit of $182,682. The company continues to face substantial doubt regarding its ability to continue as a going concern, primarily due to ongoing losses and a working capital deficit of $221,962. Management is exploring additional financing options to support operations and future acquisitions. The company's transition into the energy sector underlines its strategic shift and reliance on support from its controlling shareholder, Zenith Energy.