EX-1 2 f2scyap8k042219ex_1.htm

Pro Forma Financial Statements

Cyber Apps World, Inc.
Balance Sheets
(unaudited)
`  January 31, 2019 

Pro Forma

Adjustments

 

Combined

Pro Forma

          
Assets               
Current assets:               
Deposits   12,397         12,397 
Total current assets   12,397         12,397 
Property & Equipment, net               
Software        385,419    385,419 
Goodwill        964,581    964,581 
Total Fixed Assets        1,350,000    1,350,000 
Total assets   12,397    1,350,000    1,362,397 
                
 Liabilities and Stockholders' Deficiency               
                
Current liabilities:               
                
Accounts payable and accrued expenses   125,054         125,054 
Convertible Note Payable   —           —   
Notes Payable   —           —   
Loan Payable   100,000         100,000 
Total Current Liabilities   225,054         225,054 
Commitments and contingencies   —             
Stockholders' deficiency:               
 Preferred stock, $.001 par value, 10,000,000 shares authorized, 0 issued and outstanding   —             
Common stock, $.001 par value, 50,000,000 shares authorized as of July 31, 2018;               
49,519,935 and 24,319,935 issued and outstanding at January 31, 2018 and July 31st 2018 , respectively.   49,520    11,250    60,770 
Additional paid-in capital   8,372,742    1,338,750    9,711,492 
Accumulated deficit   (8,609,719)        (8,609,719)
Stockholders Equity  (deficiency)   (212,657)   1,350,000    1,137,343 
Total liabilities and stockholders' equity   12,397    1,350,000    1,362,397 
`               

 

The accompanying notes are an integral part of these condensed financial statements

 

(a)  On April XX, 2019, Cyber Apps World Inc ("CYAP") issued 11,250,000 shares of its common stock to Real-Time Save Online Inc pursuant to an Asset Purchase agreement whereby CYAP acquired Complete development of a price comparison website (valued at  $1,350,000).