Leopard Energy, Inc. (LEEN) reported annual revenue of $5,863 for the year ended July 31, 2026, from a 5% non-operating royalty interest in seven producing oil wells in the Eagle Ford Shale, Texas. Cost of revenue was $4,986, including depletion, and the company recorded a $34,150 net loss, compared with $31,835 net profit in the year ended July 31, 2025. General and administrative expenses were $34,667, down from $64,922 in fiscal 2025; the company attributed the decrease mainly to lower consulting and audit expenses.
At July 31, 2026, cash and total current assets were $17,620, while current liabilities were $136,598; the reported working-capital deficit was $118,978. Zenith Energy, the controlling stockholder, paid $33,000 of operating expenses and liabilities on the company's behalf as noncash additional paid-in capital during the year. Zenith has indicated it intends to continue financing the company, pending receipt of additional financing.
Management and the independent auditor stated that recurring losses and the working-capital deficit raise substantial doubt about the company's ability to continue as a going concern. The company also reported ineffective disclosure controls and internal control over financial reporting, citing the lack of a functioning audit committee and independent directors, inadequate segregation of duties, and ineffective period-end financial reporting controls.
Leopard Energy, Inc. filed its quarterly report for the period ended April 30, 2026, showing it remains a very small, development-stage energy royalty company.
Revenue from oil royalty interests was $3,804 for the nine months, while operating expenses of $12,500 led to a net loss of $8,966. This contrasts with a prior-year profit that was largely driven by a one-time $91,071 accounts payable write-off, rather than ongoing operations.
As of April 30, 2026, Leopard held cash of $15,652 and a royalty asset of $39,280, against accounts payable of $117,932, resulting in a working capital deficit of $102,280 and an accumulated deficit of $11,702,081. Management states there is substantial doubt about the company’s ability to continue as a going concern and notes continued reliance on controlling stockholder Zenith Energy for funding, while also indicating Zenith intends to keep supporting operations as Leopard seeks further financing and additional royalty acquisitions.
Leopard Energy, Inc. filed its quarterly report for the three and six months ended January 31, 2026, showing a very small royalty-based business and ongoing losses. Revenue for the six-month period was $2,089, all from a 5% royalty interest in Eagle Ford Shale oil wells, compared with $3,419 a year earlier. Net loss narrowed sharply to $6,424 from $33,303 as operating expenses fell to $8,333, mainly professional fees. Cash was $14,027 and current liabilities were $113,765, creating a working capital deficit of $99,738 and negative equity of $60,458. Management and the auditors highlight substantial doubt about the company’s ability to continue as a going concern, and note that operations are being funded by controlling stockholder Zenith Energy, which has provided about $417,508 in payments on the company’s behalf plus $45,000 in paid-in capital since the 2023 change of control.
Leopard Energy, Inc. (formerly Cyber Apps World) reports a small, early-stage energy-royalty business with ongoing losses and a weak balance sheet for the quarter ended October 31, 2025. The company generated modest royalty revenue of $1,153, down from $1,923 a year earlier, all from a 5% royalty interest in seven producing Eagle Ford oil wells acquired in January 2024.
Operating expenses were tightly controlled at $3,416, versus $10,908 in the prior-year quarter, leading to a narrower net loss of $2,353 compared with $9,048 last year. Cash rose slightly to $13,181, but current liabilities totaled $118,348, leaving a working capital deficit of $105,167 and an accumulated deficit of $11,695,468. The company had a stockholder’s deficit of $65,887 and 1,272,917 common shares outstanding as of December 10, 2025.
The report highlights substantial doubt about the company’s ability to continue as a going concern, noting continued reliance on controlling stockholder Zenith Energy, which paid $20,000 of expenses this quarter and has historically provided most funding. Management’s disclosure controls and procedures were deemed not effective due to existing material weaknesses in internal control over financial reporting.
Leopard Energy (LEEN) filed its annual report for the year ended July 31, 2025. The company generated revenue of $5,974 from a 5% royalty interest in seven Eagle Ford Shale oil wells. General and administrative expenses fell to $64,922 from $287,168, reflecting lower consulting and professional fees. A $91,071 gain from settlement of accounts payable lifted other income to $90,783, resulting in net profit of $31,835 versus a $252,803 loss in 2024.
Cash was $12,118 with current liabilities of $134,932, producing a working capital deficit of $122,814. The auditor highlighted substantial doubt about the company’s ability to continue as a going concern. Management reports material weaknesses in internal control, including no audit committee, limited segregation of duties, and ineffective period-end controls. Since August 2023, controlling stockholder Zenith Energy has provided approximately $388,008 in payments and $45,000 in cash to fund operations. 1,272,917 shares of common stock were outstanding as of October 20, 2025.