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CYAP Cyber Apps World

We were incorporated on July 15, 2002 under the laws of the State of Nevada. On April 5, 2011, we merged with our wholly owned subsidiary, Sky Power Solutions Corp., and in the merger the name of the Company was changed to Sky Power Solutions Corp. December 24, 2012 Sky Power Solutions merged with our wholly owned subsidiary, Clean Enviro Tech Corp., and in the merger changed the name of the Company to Clean Enviro Tech Corp. On April 9, 2015 the Company merged with our wholly owned subsidiary Cyber Apps World Inc. and in the merger changed the name of the Company to Cyber Apps World Inc. (CYAP)

Company profile

Ticker
CYAP
Exchange
Employees
Incorporated
Location
Fiscal year end
Former names
CLEAN ENVIRO TECH CORP, JAVAKINGCOFFEE INC, SKY POWER SOLUTIONS CORP., Superlattice Power, Inc., TITAN WEB SOLUTIONS INC, ZINGO, INC
SEC CIK
IRS number
710915828

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Mar 21
16 Apr 21
31 Jul 21
Quarter (USD)
Jan 21 Oct 20 Jul 20 Apr 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jul 20 Jul 19 Dec 16 Jul 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 76.86K 76.86K 76.86K 76.86K 76.86K 76.86K
Cash burn (monthly) (positive/no burn) (positive/no burn) 34.14K 28.5K (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 86.92K 72.56K n/a n/a
Cash remaining n/a n/a -10.06K 4.3K n/a n/a
Runway (months of cash) n/a n/a -0.3 0.2 n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Competition
SnapPayPal
Management Discussion
  • We have not earned any revenue from our operations in fiscal 2019 and 2020. During the fiscal year ended July 31, 2020, we incurred net losses of $233,024 (2019: $14,129) consisting entirely of general and administrative fees. The increase in general and administrative fees in fiscal 2020 is a result of increased business activity relating to the development of our SmartSaveNow website.
  • We have not attained profitable operations and are dependent upon obtaining financing to complete our proposed business plan. For these reasons our auditors believe that there is substantial doubt that we will be able to continue as a going concern.
  • Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.
Content analysis
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Readability
8th grade Avg
New words: Additionally, agreed, delivery, device, directly, equal, estimation, event, exceed, food, indirectly, joint, jointly, ownership, party, pay, private, prototype, purpose, Society, Taxi, WarpSpeed
Removed: loan

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