Forward Looking Statements

This quarterly report contains forward-looking statements that involve risks and uncertainties. We use words such as anticipate, believe, plan, expect, future, intend and similar expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. Our actual results are likely to differ materially from those anticipated in these forward-looking statements for many reasons, including the risks faced by us described in this section.





Background

We were incorporated on July 15, 2002 under the laws of the State of Nevada under the name Titan Web Solutions, Inc. with a view to offering a full range of business consulting services in the retail specialty coffee industry in China.

On April 9, 2015 we merged with our wholly-owned subsidiary Cyber Apps World Inc. and concurrently changed our name to Cyber Apps World Inc. Our business focused on the development of mobile applications focusing on allowing users around the world to save money on products and services from member merchants and suppliers instantly with mobile coupons, using their desktops and/or mobile devices, including smartphones.





Privacy and Value Software

On March 15, 2021, we entered into an agreement to acquire employee monitoring software known as "Privacy and Value". We amended this agreement on April 20, 2021 and September 28, 2022. The software product attempts to balance employer concerns regarding employee efficiency and productivity with employee privacy.

In consideration of the vendor selling the Privacy and Value software to us, we have agreed to:

(a) pay $10,000 to the vendor upon execution of the agreement (paid); and

(b) pay, by March 31, 2023, an amount equal to the estimation of value of a 50%

interest in the Software and the related data and databases based on an

independent business valuation completed by a valuator who is accredited by

the American Society of Appraisers and acceptable to both parties less the

$10,000 cash payment noted above. Notwithstanding the valuation's estimation

of value of the software, the amount of the additional payment shall not be

less than $50,000 and shall not exceed $250,000. We obtained an independent

business valuation on the Software in June 2021, which indicated that we

would have to pay $250,000 to complete the acquisition of a 50% interest in


     the Software.

As companies are increasingly attempting to meet the demands of employees that want work environment flexibility and were forced to avoid employee congregation in response to the global Covid-19 pandemic, they are retaining staff that either work from home or they rely on outsourcing to retain employees and independent contractors in other countries. One of the primary concerns with having staff work in a separate location that removes them from the daily, direct oversight of management is that employee productivity will suffer. One of the responses to this concern is for businesses to use some form of worker surveillance in order to ensure that employees are utilizing their work time efficiently. However, businesses may face pushback from their staff due to concerns that their personal privacy is compromised when they are subject to constant monitoring during work hours. They may resist practices such as webcam surveillance or persistent computer screen observation.

To address employer concerns regarding staff efficiency and employee concerns regarding privacy, we developed and intend to market the Privacy and Value software that has features to monitor worker computer productivity while providing employees with reasonable privacy during their work days.





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LytSpid Service

We are currently developing a delivery computer application known as LytSpid (pronounced "light speed"). The application is being designed to allow users to order food, groceries, and other courier services. LytSpid's focus will strictly be delivery of goods.

LytSpid will target both individuals and corporate customer segments. For corporate clients, this feature will give discounts to restaurant owners, grocery stores, couriers, and similar enterprises so they can affordably provide deliveries to their customers. We are currently organizing beta testing of the application in Ahmedabad, India and have commissioned a private company to be primarily responsible for the completion of the application development.

Results of Operations for the six months ended January 31, 2023 and 2022

Our net loss for the six months ended January 31, 2023 and 2022, was $77,205 and $115,872 respectively, which consisted entirely of general and administrative fees. We have generated no revenue during the six months ended January 31, 2023 and insignificant revenue during the six months ended January 31, 2022.

LIQUIDITY AND CAPITAL RESOURCES

As of January 31, 2023, our current assets were $7,916 compared to $7,972 at July 31, 2022. The decrease in current assets is attributable to an payment of our accounts payable and accrued liabilities during the period.

As of January 31, 2022, our current liabilities were $98,443 compared to $117,770 at July 31, 2022. The decrease in current liabilities is attributable to a reduction in our accounts payable and accrued liabilities.

We expect we will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other methods, the sale of equity or debt securities.

Cash Flows from Operating Activities

For the six months ended January 31, 2023, net cash flows used in operating activities were $96,532 consisting of a net loss of $77,205, and decrease in accounts payable of $19,327. For the six months ended January 31, 2022, net cash flows provided from operating activities were $120,064 which consisted of a net loss of $115,872 offset by an increase in deposits and prepayments of $35,000 and accounts payable and accrued liabilities of $39,192

Cash Flows from Investing Activities

There were $51,942 cash flows from investing activities during the six months ended January 31, 2023. This compares to net cash flows used in investing activities of $70,866 for the continued development of software during the three months ended January 31, 2022.

Cash Flows from Financing Activities

We have financed our operations primarily from either the issuance of our shares of common stock or from loans. Net cash flows generated from financing activities were $148,418 in the six-month period ended January 31, 2023 compared to $147,868 in the six-month period ended January 31, 2022.

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.





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GOING CONCERN

The independent auditors' report accompanying our July 31, 2022 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

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