10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period ended April 30, 2018

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _____________

Commission file number: 000-55690

MIRAGE ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

NEVADA	33-1231170
(State or other jurisdiction of incorporation)	(IRS Employer Identification No.)

900 Isom Rd., Ste. 306, San Antonio, TX	78216
(Address of principal executive offices)	(Zip Code)

(210) 858-3970

(Issuer's telephone number, including area code)

____________________________________________________________

(Former name, former address and former fiscal year if changed since last report)

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for at least the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange:

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨
Emerging growth company	x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act.) Yes o No x

Indicate the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: June 18, 2018 there were 329,882,379 shares of the Company’s common stock issued and outstanding.

MIRAGE ENERGY CORPORATION

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2018

TABLE OF CONTENTS

		PAGE
	PART I - FINANCIAL INFORMATION
Item 1.	Unaudited Financial Statements.	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	16
Item 4.	Controls and Procedures.	17
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings.	18
Item 1A.	Risk Factors.	18
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	18
Item 3.	Defaults Upon Senior Securities.	18
Item 4.	Mine Safety Disclosures.	18
Item 5.	Other Information.	19
Item 6.	Exhibits.	20
	SIGNATURES	21

2

PART I – FINANCIAL INFORMATION

Item 1. Unaudited Financial Statements.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company's 10-K for the year ending July 31, 2017 filed with the Securities and Exchange Commission and the financial statements contained in the Company’s Current Report 10-Q for the quarter ending April 30, 2018. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year ending July 31, 2018.

3

MIRAGE ENERGY CORPORATION

INDEX TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS

April 30, 2018

	Page
Consolidated Balance Sheets as of April 30, 2018 (Unaudited) and July 31, 2017	5
Consolidated Statements of Operations and Comprehensive Loss for the Three Months and Nine Months Ended April 30, 2018 and 2017 (Unaudited)	6
Consolidated Statement of Cash Flows for the Nine Months Ended April 30, 2018 and 2017 (Unaudited)	7
Notes to the Consolidated Interim Financial Statements (Unaudited)	8

4

MIRAGE ENERGY CORPORATION

Consolidated Balance Sheets

	April 30,			July 31,
	2018			2017
	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	5,182		$	11,776
Prepaid expenses		540			1,559
Total Current Assets		5,722			13,335
Property, plant and equipment, net		5,007			6,192
Other Assets
Deposits		6,921			6,921
Total Other Assets		6,921			6,921
TOTAL ASSETS	$	17,650		$	26,448
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities
Loans payable, related parties	$	165,877		$	208,678
Accounts payable and accrued liabilities		422,598			337,384
Loan payable		77,844			-
Convertible notes		243,000			33,000
Accrued salaries and payroll taxes, related parties		1,285,567			854,553
Total Current Liabilities		2,194,886			1,433,615
Long-Term Liabilities
Loan payable		50,000			50,000
TOTAL LIABILITIES		2,244,886			1,483,615
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred stock, par value $0.001, 10,000,000 shares authorized, 10,000,000 shares issued and outstanding as of April 30, 2018 and July 31, 2017		10,000			10,000
Common stock, par value $0.001, 900,000,000 shares authorized, 324,516,064 shares issued and outstanding as of April 30, 2018; 310,190,456 shares issued and outstanding as of July 31, 2017		324,516			310,190
Additional paid-in capital		325,146			66,101
Accumulated deficit		(2,886,798	)		(1,843,358	)
Accumulated other comprehensive loss		(100	)		(100	)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)		(2,227,236	)		(1,457,167	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	17,650		$	26,448

The accompanying notes are an integral part of these unaudited consolidated financial statements.

5

MIRAGE ENERGY CORPORATION

Consolidated Statements of Operations and Comprehensive Loss

(Unaudited)

	Three Months Ended						Nine Months Ended
	April 30,						April 30,
	2018			2017			2018			2017
OPERATING EXPENSES
General and administrative expenses	$	208,854		$	467,278		$	748,466		$	913,129
Professional fees		19,389			38,510			64,957			70,734
Total Operating Expenses		228,243			505,788			813,423			983,863
LOSS BEFORE OPERATIONS		(228,243	)		(505,788	)		(813,423	)		(983,863	)
OTHER EXPENSE
Interest expense		115,227			3,014			230,017			6,122
Total Other Expense		115,227			3,014			230,017			6,122
LOSS BEFORE INCOME TAXES		(343,470	)		(508,802	)		(1,043,440	)		(989,985	)
NET LOSS		(343,470	)		(508,802	)		(1,043,440	)		(989,985	)
OTHER COMPREHENSIVE LOSS		-			(100	)		-			(100	)
TOTAL COMPREHENSIVE LOSS	$	(343,470	)	$	(508,902	)	$	(1,043,440	)	$	(990,085	)
Basic and Diluted Loss per Common Share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)
Basic and Diluted Weighted Average Common Shares Outstanding		316,567,075			310,152,928			313,795,366			191,961,783

The accompanying notes are an integral part of these unaudited consolidated financial statements.

6

MIRAGE ENERGY CORPORATION

Consolidated Statement of Cash Flows

(Unaudited)

	Nine Months Ended
	April 30,
	2018			2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$	(1,043,440	)	$	(990,085	)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation expense		1,185			1,186
Loss on change in fair value of convertible debt		121,391			-
Penalty on convertible debt		83,500			-
Issuance of stock for services and fees		42,500			262,500
Changes in operating assets and liabilities
Prepaid expenses		1,019			(4,084	)
Accounts payable		185,679			46,991
Accrued expenses		13,494			32,399
Accrued salaries and payroll taxes, related parties		419,500			429,576
Net cash (used) in operating activities		(175,172	)		(221,517	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans to related party		-			(11,000	)
Project development costs		-			(33,941	)
Net cash (used) in investing activities		-			(44,941	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loan, related party		27,700			169,744
Repayments of loan, related party		(93,122	)		-
Proceeds from sale of common stock		25,000			20,000
Proceeds from convertible debt		209,000			-
Net cash provided by financing activities		168,578			189,744
Effects on changes in foreign exchange rate		-			1,026
Net (decrease) in cash		(6,594	)		(75,688	)
Cash and cash equivalents - beginning of period		11,776			76,165
Cash and cash equivalents - end of period	$	5,182		$	477
Supplemental Cash Flow Disclosures
Cash paid for interest	$	2,714		$	54
Cash payments for income taxes	$	-		$	-
Supplemental Non-Cash Flow Disclosures
Net assets assumed in reverse merger	$	-		$	40,288
Expenses paid by shareholder	$	22,621		$	-
Stock issued for convertible interest	$	3,745		$	-
Stock issued for convertible debt	$	202,126		$	-

The accompanying notes are an integral part of these unaudited consolidated financial statements.

7

MIRAGE ENERGY CORPORATION

Notes to the Consolidated Interim Financial Statements

April 30, 2018

(Unaudited)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Mirage Energy Corporation (formerly Bridgewater Platforms Inc.) (the “Company”) is a Nevada corporation incorporated on May 6, 2014. On May 20, 2014, the Company incorporated a Canadian subsidiary known as Bridgewater Construction Ltd. in Ontario in association with its construction business. Mirage Energy Corporation is based at 900 Isom Rd Suite 306, San Antonio, TX 78216. The Company’s fiscal year end is July 31.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States.

In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s 10-K filed with the Securities and Exchange Commission on November 30, 2017.

Earnings or Loss per Share:

The Company accounts for earnings per share pursuant to ASC 260, Earnings per Share, which requires disclosure on the financial statements of "basic" and "diluted" earnings (loss) per share. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to convertible debt, stock options and warrants for each year.

There are 10,000,000 shares of preferred stock that are convertible into 200,000,000 shares of common stock. As of April 30, 2018, the number of shares of common stock that can be issued for convertible debt as per Note 9 - Subsequent Events are 1,720,482. The other notes were not convertible at April 30, 2018.

Basis of Consolidation

These financial statements include the accounts of the Company and its wholly owned subsidiaries, 4Ward Resources, Inc., Cenote Energy, S. de R.L. de C.V., WPF Transmission, Inc., and WPF Mexico Pipelines, S. de R.L. de C.V. All material intercompany balances and transactions have been eliminated.

Financial Instruments

The Company’s notes that have become convertible are subject to ASC Topic 480, “Distinguishing Liabilities from Equity,” as the debt is a mostly fixed amount to be settled with a variable number of shares.

8

NOTE 3 - GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company had a net loss of $1,043,440 and had net cash used in operations of $175,172 for the nine months ended April 30, 2018 and had an accumulated deficit and working capital deficit of $2,886,798 and $2,189,164 at that date. The Company has not established an ongoing source of revenues sufficient to cover its operating cost, and requires additional capital to commence its operating plan. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors raise substantial doubt about its ability to continue as a going concern.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company may include, but not be limited to: sales of equity instruments; traditional financing, such as loans; sale of participation interests and obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.

There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

9

NOTE 4 - DEBT

A summary of debt at April 30, 2018 and July 31, 2017 is as follows:

	April 30,		July 31,
	2018		2017
Notes payables related party, unsecured, interest bearing at 5% rate per annum, on demand	$	165,877	$	187,600
Note, unsecured interest bearing at 2% per annum, due July 9, 2020		50,000		50,000
Note, unsecured interest bearing at 7.5% per annum, due April 15, 2018. This note is now in default as of April 16, 2018 and has a default interest of 17.5%		77,844		-
Convertible debenture, unsecured, interest bearing at 12% per annum, issued June 28, 2017 in the amount of $33,000 with fees of $3,000 and cash proceeds of $30,000, convertible at December 25, 2017 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of March 30, 2018. This note defaulted on November 15, 2017 and a default penalty of $16,500 was added to the note for a total of $49,500 and incurred default interest rate of 22%. During January and February 2018, $49,500 of this debt plus $1,980 in interest was converted and the Company issued 5,024,243 shares of common stock with a fair value of $110,708 in payment leaving no balance due. The convertible note had a net change in fair value of $59,227.		-		33,000
Convertible debenture, unsecured, interest bearing at 12% per annum, issued August 22, 2017 in the amount of $38,000 with fees of $3,000 and cash proceeds of $35,000, convertible at February 18, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of May 30, 2018. This note defaulted on November 15, 2017 and a default penalty of $19,000 was added to the note for a total of $57,000 and incurred default interest rate of 22%. During March 2018, $45,000 of this debt was converted and the Company issued 8,251,365 shares of common stock with a fair value of $95,164 in payment leaving a principal balance of $12,000 of which fair market value was recorded at April 30, 2018 as $24,000. The convertible note has a net change in fair value of $62,164.		24,000		-
Convertible debenture, unsecured, interest bearing at 12% per annum,, issued December 4, 2017 in the amount of $53,000 with fees of $3,000 and cash proceeds of $50,000, convertible at June 2, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of September 15, 2018. This note defaulted on March 25, 2018 and a default penalty of $26,500 was added to the note for a total of $79,500 and incurred default interest rate of 22%. As of April 30, 2018, $0 of this debt was converted and the Company issued no shares of common stock leaving a principal balance of $79,500. This note becomes convertible on June 2, 2018.		79,500		-
Convertible debenture, unsecured, interest bearing at 12% per annum,, issued January 5, 2018 in the amount of $75,000 with an original issue discount of $2,000 and cash proceeds of $73,000, convertible at July 4, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of January 5, 2019. This note is in default and incurred default interest rate of 18%. The Company has not received any notice of default and associated default penalties remain unassessed by Lender.		75,000		-
Convertible debenture, unsecured, interest bearing at 12% per annum,, issued February 26, 2018 in the amount of $43,000 with fees of $3,000 and cash proceeds of $40,000, convertible at August 25, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of November 30, 2018. This note defaulted on March 25, 2018 and a default penalty of $21,500 was added to the note for a total of $64,500 and incurred default interest rate of 22%. As of April 30, 2018, $0 of this debt was converted and the Company issued no shares of common stock leaving a principal balance of $64,500. This note becomes convertible on August 25, 2018.		64,500		-
Loan payable related party, unsecured, non-interest bearing, on demand		-		21,078
Total Debt		536,721		291,678
Less: Current Maturities		486,721		241,678
Total Long-Term Debt	$	50,000	$	50,000

10

At the date each convertible instrument becomes convertible it is subject to ASC Topic 480, “Distinguishing Liabilities from Equity,” since the debt is a mostly fixed amount to be settled with a variable number of shares.

NOTE 5 - RELATED PARTY TRANSACTIONS

As of April 30, 2018, the CEO and two other members of management and one other employee had earned accrued unpaid salary in the amount of $1,238,250 as of April 30, 2018. Accrued salaries of $1,238,250 combined with accrued payroll taxes of $47,317 for a total accrued related party salaries and payroll tax of $1,285,567 for the period from June 2015 until April 30, 2018.

Also, Mr. Michael Ward, President, was owed $21,078 at July 31, 2017 which has decreased to $0 as of April 30, 2018 resulting from additional $27,700 of cash proceeds, expenses paid of $22,621, and repayments of $71,399. Additionally, a company owned by the spouse of the CEO provided a loan of $165,877 and $187,600 respectively, to 4Ward Resources, Inc. for the period ended April 30, 2018 and year ended July 31, 2017. Due to partial payments totaling $21,723, the balance has decreased to a total loan amount of $165,877.

NOTE 6 – LEASES

On June 9, 2016, the Company entered into a Lease Agreement for its San Antonio, Texas office lease location. The Lease Period is for three (3) years beginning July 1, 2016. The Company shall pay as additional rent all other sums of money as shall become due and payable by them under this Lease. To date after twenty-two (22) months of this thirty-six (36) month lease, no such additional charges have been made. Below is the schedule of rent for the remaining Lease term as of April 30, 2018.

Year	Amount
2018	$	13,503
2019	$	83,045
Total Remaining Base Rent	$	96,548

NOTE 7 - COMMITMENTS AND CONTINGENCIES

The Company committed to eighteen (18) months of Acquisition of Pipeline Rights of Way to Marcos y Asociados with a total amount of $77,844 which was due April 15, 2018 and not paid as of April 30, 2018. Interest will continue accruing after April 30, 2018 until it is paid.

From time to time, the Company may become a party to litigation matters involving claims against the Company. Management believes that it is adequately insured for its operations and there are no current matters that would have a material effect on the Company’s financial position or results of operations.

NOTE 8 - EQUITY

In January, the Company entered into consulting agreements with two consultants with total consideration of 1,000,000 shares of common stock valued at $42,500. These shares were issued in March 2018 and are fully vested when they were issued. The term of both agreements shall be for a period of six months.

On March 21, 2018, the Company offered and sold Fifty Thousand (50,000) shares of common stock to Michael Liska valued at $0.50 per share for $25,000.

NOTE 9 - SUBSEQUENT EVENTS

The Company evaluated events occurring subsequent to April 30, 2018, identifying those that are required to be disclosed as follows: 

On May 9, 2018, PowerUp Lending Group Ltd. converted principal in the amount of $8,000 of the $38,000 note issued August 22, 2017 that was defaulted to $57,000 for 963,855 shares of common stock.

On May 14, 2018, PowerUp Lending Group Ltd. converted the remaining principal $4,000 of the $38,000 note issued August 22, 2017 that was defaulted to $57,000 along with $2,280 of accrued interest for 756,627 shares of common stock.

On June 7, 2018, PowerUp Lending Group Ltd. converted principal in the amount of $15,000 of the $53,000 note issued December 4, 2017 that was defaulted to $79,500 for 1,562,500 shares of common stock.

On June 11, 2018, PowerUp Lending Group Ltd. converted principal in the amount of $20,000 of the $53,000 note issued December 4, 2017 that was defaulted to $79,500 for 2,083,333 shares of common stock.

11

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Forward-Looking Statements

Except for historical information, this report contains certain forward-looking statements. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words “expects,” “anticipates,” “intends,” “believes” and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed herein as well as in the “Current Business” and "Risk Factors" sections in our Form 8-K, as filed on January 27, 2017. You should carefully review the risks described in our documents we file from time to time with the Securities and Exchange Commission (“SEC”). You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.

Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

All references in this Form 10-Q to the “Company,” “Mirage Energy,” “we,” “us,” or “our” are to Mirage Energy Corporation.

Corporate Overview

Company’s Plans 

The Company has proposed to develop an integrated natural gas pipeline system in Texas and Mexico. The purpose of these pipelines will be to transport and store natural gas in an underground natural gas storage facility, which the Company proposes to permit and develop in northern Mexico. The Company believes that it has made substantial progress toward these goals with its preliminary project engineering designs and high level meetings with representatives of various Mexican regulatory agencies. 

12

Discussion and Analysis of Financial Condition and Results of Operations

Results of Operations

Three Months ended April 30, 2018 and 2017

Revenues

Three month period ended April 30, 2018

For the three (3) month period ended April 30, 2018, we generated no revenue and incurred a net loss of $343,470.

Our net loss of $343,470 for the three (3) month period ended April 30, 2018 was the result of operating expenses of $228,243 and other expense (comprised of interest expense) of $115,227. Our operating expenses consisted of $208,854 in general and administrative expenses, and $19,389 in professional fees.

Three month period ended April 30, 2017 

For the three (3) month period ended April 30, 2017, we generated no revenue and incurred a net loss of $508,802. 

Our net loss of $508,802 for the three (3) month period ended April 30, 2017 was the result of operating expenses of $505,788 and other expense (comprised of interest expense) of $3,014. Our operating expenses consisted of $467,278 in general and administrative expenses, and $38,510 in professional fees.

Costs and Expenses 

Our primary costs going forward are related to engineering, travel, professional fees, and legal fees associated with our proposed pipeline and natural gas storage activities in Mexico.

For the three (3) months ended April 30, 2018 and April 30, 2017, total general and administrative expenses were $228,243 and $505,788, respectively.

For the three (3) months ended April 30, 2018, we had $208,854 in general and administrative expenses compared to $467,278 in general and administrative expenses for the three (3) months ended April 30, 2017. The $258,424 decrease in general and administrative expenses was primarily due to the reduction in spending related to director compensation.

The professional fees for the three (3) months ending April 30, 2018 and April 30, 2017 were $19,389 and $38,510, respectively. The $19,121 decrease was primarily related to a reduction in legal fees and transfer agent costs.

The executive compensation for the three (3) months ending April 30, 2018 and April 30, 2017 was $116,500 and $116,500, respectively. No change was due to same executives on the payroll during this quarter with no change in compensation amounts.

Liquidity and Capital Resources 

Cash Flows 

Operating Activities 

13

For the nine (9) month period ended April 30, 2018, net cash used in operating activities was $175,172. The negative cash flow for the nine (9) months ended April 30, 2018 related to our net loss of $1,043,440, a decrease in prepaid expenses of $1,019, adjusted for depreciation of $1,185, an increase of $83,500 in convertible debt due to default, a change of $121,391 in convertible debt due to fair market value, an increase of $185,679 in accounts payable, an increase of $13,494 in accrued expenses and an increase of $419,500 in accrued salaries and payroll taxes – related parties.

For the nine (9) month period ended April 30, 2017, net cash used in operating activities was $221,517. The negative cash flow for the nine (9) months ended April 30, 2017 related to our net loss of $990,085, an increase in prepaid expenses of $4,084, adjusted for depreciation of $1,186, an increase of $46,991 in accounts payable, and an increase of $32,399 in accrued expenses.

Investing Activities 

For the nine (9) months ended April 30, 2018 net cash used in investing activities was nil.

For the nine (9) months ended April 30, 2017 net cash used in investing activities was $44,941. The negative cash flow from investing activities for such period was comprised of loans receivable – officer in the amount of $11,000 and project development costs of $33,941.

Financing Activities 

For the nine (9) months ended April 30, 2018, net cash provided by financing activities was $168,578. The positive cash flow from financing activities for such period was comprised of an increase in proceeds from related party loan and convertible debt and increase in repayment of related party loan.

For the nine (9) months ended April 30, 2017, net cash provided from financing activities was $189,744. The positive cash flow from financing activities for such period was comprised of an increase in loans payable from related parties and proceeds from sale of common stock.

Liquidity 

To date, we have funded our operations primarily with capital provided and loans provided by related parties, salaries accrued to related parties and accounts payable along with sale of convertible debentures. 

As of April 30, 2018, Mirage Energy Corporation had $5,182 in cash on hand and prepaid expenses of $540. Since Mirage Energy Corporation was unable to reasonably project its future revenue, it must presume that it will not generate any revenue during the next twelve (12) to twenty-four (24) months. We therefore will need to obtain additional debt or equity funding in the next two (2) – three (3) months, but there can be no assurances that such funding will be available to us in sufficient amounts or on reasonable terms.

The Company’s audited financial statements for the year ended July 31, 2017 contain a “going concern” qualification. As discussed in Note 3 of the Notes to Financial Statements, the Company has incurred losses and has not demonstrated the ability to generate cash flows from operations to satisfy its liabilities and sustain operations. Because of these conditions, our independent auditors have raised substantial doubt about our ability to continue as a going concern. 

Our financial objective is to make sure the Company has the cash and debt capacity to fund on-going operating activities, investments and growth. We intend to fund future capital needs through our current cash position, additional credit facilities, future operating cash flow and debt or equity financing. We are continually evaluating these options to make sure we have capital resources to meet our needs.

Existing capital resources are insufficient to support continuing operations of the Company over the next 12 months.

14

Management makes no assurances that adequate capital resources will be available to support continuing operations over the next 12 months. Management plans to pursue additional capital funding through multiple sources.

For the nine months ended April 30, 2018, the Company has funded operations of $175,172 through loan proceeds of $209,000 and proceeds from related parties’ loan payable of $27,700. The $209,000 loan proceeds are from sale of convertible notes. The Company plans to raise additional funds through various sources to support ongoing operations during 2018.

While no assurances can be given regarding the achievement of future results as actual results may differ materially, management anticipates adequate capital resources to support continuing operations over the next 12 months through the combination of infused capital through exercised warrants, infused capital through non-public private placement and existing cash reserves.

Critical Accounting Policies

Our financial statements are prepared in accordance with accounting principles generally accepted in the United States of America, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

The Company intends to recognize revenues when earned which shall be as products are shipped and services are delivered to customers or distributors. The Company shall also record accounts receivable for revenue earned but not yet collected.

Income Taxes

Income taxes are provided based upon the liability method of accounting pursuant to FASB ASC 740-10-25 Income Taxes – Recognition. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard imposed by FASB ASC 740-10-25-5.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for income tax purposes.

At July 31, 2017, the Company had net operating loss carry forwards of approximately ($794,945), which will begin to expire in 2036 and are calculated at an expected blended tax rate of approximately 26%.

“FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At December 31, 2015, the Company has not taken any tax positions that would require disclosure under FASB ASC 740.

Pursuant to FASB ASC 740, income taxes are provided for based upon the liability method of accounting. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard imposed by FASB ASC 740 to allow recognition of such assets.

15

Earnings (Loss) Per Share (“EPS”)

FASB ASC 260, Earnings Per Share provides for calculation of “basic” and “diluted” earnings per share. Basic earnings per share includes no dilution and is computed by dividing net income (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of an entity similar to fully diluted earnings per share. Basic and diluted losses per share were the same at the reporting dates as there were no common stock equivalents considered dilutive and outstanding.

Derivative Instruments

FASB ASC 815, Derivatives and Hedging establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities. They require that an entity recognize all derivatives as either assets or liabilities in the balance sheet and measure those instruments at fair value.

If certain conditions are met, a derivative may be specifically designated as a hedge, the objective of which is to match the timing of gain or loss recognition on the hedging derivative with the recognition of (i) the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk; or (ii) the earnings effect of the hedged forecasted transaction. For a derivative not designated as a hedging instrument, the gain or loss is recognized in income in the period of change.

Impairment of Long-Lived Assets

Long-lived assets of the Company, including the Technology Rights, are reviewed for impairment when changes in circumstances indicate their carrying value has become impaired, pursuant to guidance established in the FASB ASC 360, “Accounting for the Impairment or Disposal of Long-Lived Assets.” Management considers assets to be impaired if the carrying amount of an asset exceeds the future projected cash flows from related operations (undiscounted and without interest charges). If impairment is deemed to exist, the asset will be written down to fair value, and a loss is recorded as the difference between the carrying value and the fair value. Fair values are determined based on quoted market values, discounted cash flows, or internal and external appraisals, as applicable. Assets to be disposed of are carried at the lower of carrying value or estimated net realizable value.

Fair Value of Financial Instruments

The Company’s financial instruments as defined by FASB ASC 825-10-50 include cash, trade accounts receivable, and accounts payable and accrued expenses.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements.

Inflation

It is our opinion that inflation has not had a material effect on our operations.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

As a “smaller reporting Company”, we are not required to provide the information required by this Item.

16

Item 4. Controls and Procedures.

Management’s Report on Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our president (our principal executive officer, principal financial officer and principal accounting officer) to allow for timely decisions regarding required disclosure.

As of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president (our principal executive officer, principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president (our principal executive officer, principal financial officer and principal accounting officer) concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this quarterly report due to our limited member of officers and members of the Board of Directors.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended April 30, 2018, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

17

PART II-OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

There are no material legal proceedings pending against the Company to the knowledge of management.

ITEM 1A. RISK FACTORS

As a “smaller reporting company”, we are not required to provide the information required by this Item.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On March 21, 2018, the Company offered and sold Fifty Thousand (50,000) shares of common stock to Michael Liska valued at $0.50 per share.

The shares of common stock were not registered under the Securities Act of 1933, as amended (the “Securities Act”), and were offered, sold and issued in reliance upon the exemption from registration provided by Section 4 (a) (2) of the Securities Act, as a transaction by an issuer not involving a public offering.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

See Item 5 below.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

18

ITEM 5. OTHER INFORMATION

Debt Financing Transactions

The Company entered into a series of security purchase agreements and corresponding convertible promissory notes in a series of debt financing transactions. The following is a summary of the promissory notes, which are qualified their entirety, by the attached Exhibits 10.1, 10.2, 10.3, 10.4 and 10.5.

The Company has defaulted under the terms of the convertible promissory notes, principally for untimely filing of its SEC periodic reports.

Note 1

On June 28, 2017, the Company borrowed $33,000 from Power Up Lending Group Ltd., a Virginia corporation ("Power Up"). The promissory note bears interest at the rate of 12% per annum and was due March 30, 2018. The note is convertible into Company common stock at a Forty-five percent (45%) discount to the market price of our common stock. Market price is the average of the lowest one day trading price during a twenty (20) days preceding conversion. On January 9, January 19, February 1, and February 16, 2018, the Company issued 940,439, 1,181,102, 1,351,351, and 1,551,351 conversion shares, respectively. The Power Up notes may be paid off during the initial 180 days at specified premiums. The Company may pay off the note during the initial 180 days at a premium. After the expiration of 180 days, the Company may not pay off the note. The note may be paid off at maturity. The Holder has voluntarily limited its conversion to no more than 4.99% of the Company's issued and outstanding common stock. This note went into default due to the Company's untimely filing of its Annual Report for the year ending July 31, 2017. A default penalty of $16,500 was assessed. As of March 6, 2018, this note had been paid in full by equity.

Note 2

On August 22, 2017, the Company borrowed $38,000 from Power Up. The promissory note bears interest at the rate of 12% per annum and is due on May 30, 2018. The note is convertible into Company common stock at a Forty-five percent (45%) discount to the market price of our common stock. Market price is the average of the lowest one day trading price during a twenty (20) days preceding conversion. The note may be paid off during the initial 180 days at a specified premium. The Company may pay off the note during the initial 180 days at a premium. After the expiration of 180 days, the Company may not pay off the note. The note may be paid off at maturity. The Holder has voluntarily limited its conversion to no more than 4.99% of the Company's issued and outstanding common stock. This note went into default due to the Company's untimely filing of its Annual Report for the year ending July 31, 2017. A default penalty of $19,000 was assessed. The current balance of this note as of April 30, 2018 was $24,000.

Note 3

On December 4, 2017, the Company borrowed $53,000 from Power Up. The promissory note bears interest at the rate of 12% per annum and is due on September 15, 2018. The note is convertible into Company common stock at a Forty-five percent (45%) discount to the market price of our common stock. Market price is the average of the lowest one day trading price during a twenty (20) days preceding conversion. The note may be paid off during the initial 180 days at a specified premium. The Company may pay off the note during the initial 180 days at a premium. After the expiration of 180 days until the maturity date, the note may be paid off at a 150% premium. The Holder has voluntarily limited its conversion to no more than 4.99% of the Company's issued and outstanding common stock. This note went into default due to the Company's untimely filing of its Quarterly Report for the period ending January 31, 2018. A default penalty of $ 26,500 was assessed. As of April 30, 2018, none of this loan had been repaid and balance of the note was $79,500. This note became convertible into common shares on, or after June 2, 2018.

Note 4

On February 26, 2018, the Company borrowed $43,000 from Power Up Lending Group, Inc. The promissory note bears interest at the rate of 12% per annum and is due on November 30, 2018. The note is convertible into Company common stock at a Forty-five percent (45%) discount to the market price of our common stock. Market price is the average of the lowest one day trading price during a twenty (20) days preceding conversion. The note may be paid off during the initial 180 days at a specified premium. The Company may pay off the note during the initial 180 days at a premium. After the expiration of 180 days until the maturity date, the note may be paid off at a 150% premium. The Holder has voluntarily limited its conversion to no more than 4.99% of the Company's issued and outstanding common stock. This note went into default due to the Company's untimely filing of its Quarterly Report for the period ending January 31, 2018. A default penalty of $21,500 was assessed. As of April 30, 2018, $0 of this debt was converted and the Company issued no shares of common stock leaving a principal balance of $64,500. This note becomes convertible on August 25, 2018.

Note 5

On January 5, 2018, the Company borrowed $75,000 from JSJ Investments, Inc., a Texas corporation. The promissory note bears interest at the rate of 12% and is due on January 5, 2019. The note has an original issue discount of $2,000. The note is convertible into Company common stock at a Forty-five percent (45%) discount to the market price of our common stock. Market price is the average of the lowest one day trading price during a twenty (20) days preceding conversion. The Company may pay off the note during the initial 180 days at a premium. After the expiration of 180 days, the Company may not pay off the note. The note may be paid off at maturity. The Holder has voluntarily limited its conversion to no more than 4.99% of the Company's issued and outstanding common stock. The Company has defaulted on this note under paragraph 10(a)(iv, xi, xii, xiii, xiv). The Company has not received any notice of default and associated default penalties remain unassessed by Lender.

Trade Creditor Note:

On March 12, 2018, 4Ward Resources, Inc., a subsidiary executed a promissory note for $77,844 with Marcos Y Asociados Infraestructura Y Energia, S.C., a vendor representing the balance due as of 01/31/18 for rights of way services on behalf of the Company's development activities in Mexico. The note is due on, or before April 15, 2018.

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ITEM 6. EXHIBITS

Exhibit No Description of Exhibit Location of Exhibit

10.1	Power Up Lending Group, Ltd. Convertible Promissory Note dated June 28, 2017 10-Q filed April 30, 2018
10.2	Power Up Lending Group, Ltd. Convertible Promissory Note dated August 22, 2017 10-Q filed April 30, 2018
10.3	Power Up Lending Group, Ltd. Convertible Promissory Note dated December 4, 2017 10-Q filed April 30, 2018
10.4	Power Up Lending Group, Ltd. Convertible Promissory Note dated February 26, 2018 10-Q filed April 30, 2018
10.5	JSJ Investments, Inc. Convertible Promissory Note dated January 5, 2018 10-Q filed April 30, 2018
31.1	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101	The following financial information from our Quarterly Report on Form 10-Q for the quarter ended April 30, 2017 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Cash Flows, and (iv) Condensed Notes to Interim Consolidated Financial Statements

20

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 20, 2018

Mirage Energy Corporation

(Registrant)

By:	/s/ Michael R. Ward	/s/ Michael R. Ward
	Michael R. Ward	Michael R. Ward
	Chief Executive Officer (Principal Executive Officer)	Chief Financial Officer (Principal Accounting Officer)

21

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Michael Ward, Chief Executive and Principal Accounting Officer of Mirage Energy Corporation, certify that:

1.	I have reviewed this Quarterly Report (“Report”) on Form 10-Q of Mirage Energy Corporation;
2.	Based on my knowledge, this Report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report;
3.	Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this Report;
4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d- 15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)	designed such disclosure controls and procedures, or caused such disclosure control and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this Report is being prepared;
b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this Report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation;
d)	disclosed in this Report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process summarize and report financial information; and
b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: June 20, 2018

/s/ Michael Ward                                                

Michael Ward

Chief Executive Officer

Principal Accounting Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Mirage Energy Corporation (the "Company") on Form 10-Q for the period ended April 30, 2018, as filed with the Securities and Exchange Commission on or about the date hereof (the "Report"), the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: June 20, 2018

/s/ Michael Ward                                                         

Michael Ward

Chief Executive Officer

Principal Accounting Officer

XML

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2018	Jun. 18, 2018
Document And Entity Information
Entity Registrant Name	Mirage Energy Corp
Entity Central Index Key	0001623360
Document Type	10-Q
Current Fiscal Year End Date	--07-31
Document Period End Date	Apr. 30, 2018
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Amendment Flag	false
Trading Symbol	mrge
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		329,882,379
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2018

XML

Consolidated Balance Sheets - USD ($)	Apr. 30, 2018	Jul. 31, 2017
Current Assets
Cash and cash equivalents	$ 5,182	$ 11,776
Prepaid expenses	540	1,559
Total Current Assets	5,722	13,335
Property, plant and equipment, net	5,007	6,192
Other Assets
Deposits	6,921	6,921
Total Other Assets	6,921	6,921
TOTAL ASSETS	17,650	26,448
Current Liabilities
Loans payable, related parties	165,877	208,678
Accounts payable and accrued liabilities	422,598	337,384
Loan payable	77,844
Convertible notes	243,000	33,000
Accrued salaries and payroll taxes, related parties	1,285,567	854,553
Total Current Liabilities	2,194,886	1,433,615
Long-Term Liabilities
Loan payable	50,000	50,000
TOTAL LIABILITIES	2,244,886	1,483,615
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, par value $0.001, 10,000,000 shares authorized, 10,000,000 shares issued and outstanding as of April 30, 2018 and July 31, 2017	10,000	10,000
Common stock, par value $0.001, 900,000,000 shares authorized, 324,516,064 shares issued and outstanding as of April 30, 2018; 310,190,456 shares issued and outstanding as of July 31, 2017	324,516	310,190
Additional paid-in capital	325,146	66,101
Accumulated deficit	(2,886,798)	(1,843,358)
Accumulated other comprehensive loss	(100)	(100)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(2,227,236)	(1,457,167)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 17,650	$ 26,448

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2018	Jul. 31, 2017
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	324,516,064	310,190,456
Common stock, shares outstanding	324,516,064	310,190,456
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000	10,000,000

XML

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
OPERATING EXPENSES
General and administrative expenses	$ 208,854	$ 467,278	$ 748,466	$ 913,129
Professional fees	19,389	38,510	64,957	70,734
Total Operating Expenses	228,243	505,788	813,423	983,863
LOSS BEFORE OPERATIONS	(228,243)	(505,788)	(813,423)	(983,863)
OTHER EXPENSE
Interest expense	115,227	3,014	230,017	6,122
Total Other Expense	115,227	3,014	230,017	6,122
LOSS BEFORE INCOME TAXES	(343,470)	(508,802)	(1,043,440)	(989,985)
NET LOSS	(343,470)	(508,802)	(1,043,440)	(989,985)
OTHER COMPREHENSIVE LOSS		(100)		(100)
TOTAL COMPREHENSIVE LOSS	$ (343,470)	$ (508,902)	$ (1,043,440)	$ (990,085)
Basic and Diluted Loss per Common Share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.01)
Basic and Diluted Weighted Average Common Shares Outstanding	316,567,075	310,152,928	313,795,366	191,961,783

XML

Consolidated Statement of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$ (1,043,440)	$ (990,085)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation expense	1,185	1,186
Loss on change in fair value of convertible debt	121,391
Penalty on convertible debt	83,500
Issuance of stock for services and fees	42,500	262,500
Changes in operating assets and liabilities
Prepaid expenses	1,019	(4,084)
Accounts payable	185,679	46,991
Accrued expenses	13,494	32,399
Accrued salaries and payroll taxes, related parties	419,500	429,576
Net cash (used) in operating activities	(175,172)	(221,517)
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans to related party		(11,000)
Project development costs		(33,941)
Net cash (used) in investing activities		(44,941)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loan, related party	27,700	169,744
Repayments of loan, related party	(93,122)
Proceeds from sale of common stock	25,000	20,000
Proceeds from convertible debt	209,000
Net cash provided by financing activities	168,578	189,744
Effects on changes in foreign exchange rate		1,026
Net (decrease) in cash	(6,594)	(75,688)
Cash and cash equivalents - beginning of period	11,776	76,165
Cash and cash equivalents - end of period	5,182	477
Supplemental Cash Flow Disclosures
Cash paid for interest	2,714	54
Cash payments for income taxes
Supplemental Non-Cash Flow Disclosures
Net assets assumed in reverse merger		40,288
Expenses paid by shareholder	22,621
Stock issued for convertible interest	3,745
Stock issued for convertible debt	$ 202,126

XML

ORGANIZATION AND DESCRIPTION OF BUSINESS

9 Months Ended

Apr. 30, 2018

Notes to Financial Statements

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Mirage Energy Corporation (formerly Bridgewater Platforms Inc.) (the “Company”) is a Nevada corporation incorporated on May 6, 2014. On May 20, 2014, the Company incorporated a Canadian subsidiary known as Bridgewater Construction Ltd. in Ontario in association with its construction business. Mirage Energy Corporation is based at 900 Isom Rd Suite 306, San Antonio, TX 78216. The Company’s fiscal year end is July 31.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Apr. 30, 2018

Notes to Financial Statements

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States.

In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s 10-K filed with the Securities and Exchange Commission on November 30, 2017.

Earnings or Loss per Share:

The Company accounts for earnings per share pursuant to ASC 260, Earnings per Share, which requires disclosure on the financial statements of "basic" and "diluted" earnings (loss) per share. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to convertible debt, stock options and warrants for each year.

There are 10,000,000 shares of preferred stock that are convertible into 200,000,000 shares of common stock. As of April 30, 2018, the number of shares of common stock that can be issued for convertible debt as per Note 9 - Subsequent Events are 1,720,482. The other notes were not convertible at April 30, 2018.

Basis of Consolidation

These financial statements include the accounts of the Company and its wholly owned subsidiaries, 4Ward Resources, Inc., Cenote Energy, S. de R.L. de C.V., WPF Transmission, Inc., and WPF Mexico Pipelines, S. de R.L. de C.V. All material intercompany balances and transactions have been eliminated.

Financial Instruments

The Company’s notes that have become convertible are subject to ASC Topic 480, “Distinguishing Liabilities from Equity,” as the debt is a mostly fixed amount to be settled with a variable number of shares.

XML

GOING CONCERN

9 Months Ended

Apr. 30, 2018

Notes to Financial Statements

NOTE 3 - GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company had a net loss of $1,043,440 and had net cash used in operations of $175,172 for the nine months ended April 30, 2018 and had an accumulated deficit and working capital deficit of $2,886,798 and $2,189,164 at that date. The Company has not established an ongoing source of revenues sufficient to cover its operating cost, and requires additional capital to commence its operating plan. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors raise substantial doubt about its ability to continue as a going concern.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company may include, but not be limited to: sales of equity instruments; traditional financing, such as loans; sale of participation interests and obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.

There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

XML

DEBT

9 Months Ended

Apr. 30, 2018

Notes to Financial Statements

NOTE 4 - DEBT

A summary of debt at April 30, 2018 and July 31, 2017 is as follows:

	April 30,		July 31,
	2018		2017
Notes payables related party, unsecured, interest bearing at 5% rate per annum, on demand	$	165,877	$	187,600
Note, unsecured interest bearing at 2% per annum, due July 9, 2020		50,000		50,000
Note, unsecured interest bearing at 7.5% per annum, due April 15, 2018. This note is now in default as of April 16, 2018 and has a default interest of 17.5%		77,844		-
Convertible debenture, unsecured, interest bearing at 12% per annum, issued June 28, 2017 in the amount of $33,000 with fees of $3,000 and cash proceeds of $30,000, convertible at December 25, 2017 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of March 30, 2018. This note defaulted on November 15, 2017 and a default penalty of $16,500 was added to the note for a total of $49,500 and incurred default interest rate of 22%. During January and February 2018, $49,500 of this debt plus $1,980 in interest was converted and the Company issued 5,024,243 shares of common stock with a fair value of $110,708 in payment leaving no balance due. The convertible note had a net change in fair value of $59,227.		-		33,000
Convertible debenture, unsecured, interest bearing at 12% per annum, issued August 22, 2017 in the amount of $38,000 with fees of $3,000 and cash proceeds of $35,000, convertible at February 18, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of May 30, 2018. This note defaulted on November 15, 2017 and a default penalty of $19,000 was added to the note for a total of $57,000 and incurred default interest rate of 22%. During March 2018, $45,000 of this debt was converted and the Company issued 8,251,365 shares of common stock with a fair value of $95,164 in payment leaving a principal balance of $12,000 of which fair market value was recorded at April 30, 2018 as $24,000. The convertible note has a net change in fair value of $62,164.		24,000		-
Convertible debenture, unsecured, interest bearing at 12% per annum,, issued December 4, 2017 in the amount of $53,000 with fees of $3,000 and cash proceeds of $50,000, convertible at June 2, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of September 15, 2018. This note defaulted on March 25, 2018 and a default penalty of $26,500 was added to the note for a total of $79,500 and incurred default interest rate of 22%. As of April 30, 2018, $0 of this debt was converted and the Company issued no shares of common stock leaving a principal balance of $79,500. This note becomes convertible on June 2, 2018.		79,500		-
Convertible debenture, unsecured, interest bearing at 12% per annum,, issued January 5, 2018 in the amount of $75,000 with an original issue discount of $2,000 and cash proceeds of $73,000, convertible at July 4, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of January 5, 2019. This note is in default and incurred default interest rate of 18%. The Company has not received any notice of default and associated default penalties remain unassessed by Lender.		75,000		-
Convertible debenture, unsecured, interest bearing at 12% per annum,, issued February 26, 2018 in the amount of $43,000 with fees of $3,000 and cash proceeds of $40,000, convertible at August 25, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of November 30, 2018. This note defaulted on March 25, 2018 and a default penalty of $21,500 was added to the note for a total of $64,500 and incurred default interest rate of 22%. As of April 30, 2018, $0 of this debt was converted and the Company issued no shares of common stock leaving a principal balance of $64,500. This note becomes convertible on August 25, 2018.		64,500		-
Loan payable related party, unsecured, non-interest bearing, on demand		-		21,078
Total Debt		536,721		291,678
Less: Current Maturities		486,721		241,678
Total Long-Term Debt	$	50,000	$	50,000

At the date each convertible instrument becomes convertible it is subject to ASC Topic 480, “Distinguishing Liabilities from Equity,” since the debt is a mostly fixed amount to be settled with a variable number of shares.

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RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2018

Notes to Financial Statements

NOTE 5 - RELATED PARTY TRANSACTIONS

As of April 30, 2018, the CEO and two other members of management and one other employee had earned accrued unpaid salary in the amount of $1,238,250 as of April 30, 2018. Accrued salaries of $1,238,250 combined with accrued payroll taxes of $47,317 for a total accrued related party salaries and payroll tax of $1,285,567 for the period from June 2015 until April 30, 2018.

Also, Mr. Michael Ward, President, was owed $21,078 at July 31, 2017 which has decreased to $0 as of April 30, 2018 resulting from additional $27,700 of cash proceeds, expenses paid of $22,621, and repayments of $71,399. Additionally, a company owned by the spouse of the CEO provided a loan of $165,877 and $187,600 respectively, to 4Ward Resources, Inc. for the period ended April 30, 2018 and year ended July 31, 2017. Due to partial payments totaling $21,723, the balance has decreased to a total loan amount of $165,877.

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LEASES

9 Months Ended

Apr. 30, 2018

Notes to Financial Statements

NOTE 6 - LEASES

On June 9, 2016, the Company entered into a Lease Agreement for its San Antonio, Texas office lease location. The Lease Period is for three (3) years beginning July 1, 2016. The Company shall pay as additional rent all other sums of money as shall become due and payable by them under this Lease. To date after twenty-two (22) months of this thirty-six (36) month lease, no such additional charges have been made. Below is the schedule of rent for the remaining Lease term as of April 30, 2018.

Year	Amount
2018	$	13,503
2019	$	83,045
Total Remaining Base Rent	$	96,548

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COMMITMENTS AND CONTINGENCIES

9 Months Ended

Apr. 30, 2018

Notes to Financial Statements

NOTE 7 - COMMITMENTS AND CONTINGENCIES

The Company committed to eighteen (18) months of Acquisition of Pipeline Rights of Way to Marcos y Asociados with a total amount of $77,844 which was due April 15, 2018 and not paid as of April 30, 2018.

From time to time, the Company may become a party to litigation matters involving claims against the Company. Management believes that it is adequately insured for its operations and there are no current matters that would have a material effect on the Company’s financial position or results of operations.

In January, the Company entered into consulting agreements with two consultants with total consideration of 1,000,000 shares of common stock valued at $42,500. These shares were issued in March 2018.

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EQUITY

9 Months Ended

Apr. 30, 2018

Equity [Abstract]

Note 9 - EQUITY

In January, the Company entered into consulting agreements with two consultants with total consideration of 1,000,000 shares of common stock valued at $42,500. These shares were issued in March 2018 and are fully vested when they were issued. The term of both agreements shall be for a period of six months.

On March 21, 2018, the Company offered and sold Fifty Thousand (50,000) shares of common stock to Michael Liska valued at $0.50 per share for $25,000.

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SUBSEQUENT EVENTS

9 Months Ended

Apr. 30, 2018

Notes to Financial Statements

NOTE 9 - SUBSEQUENT EVENTS

The Company evaluated events occurring subsequent to April 30, 2018, identifying those that are required to be disclosed as follows: 

On May 9, 2018, PowerUp Lending Group Ltd. converted principal in the amount of $8,000 of the $38,000 note issued August 22, 2017 that was defaulted to $57,000 for 963,855 shares of common stock.

On May 14, 2018, PowerUp Lending Group Ltd. converted the remaining principal $4,000 of the $38,000 note issued August 22, 2017 that was defaulted to $57,000 along with $2,280 of accrued interest for 756,627 shares of common stock.

On June 7, 2018, PowerUp Lending Group Ltd. converted principal in the amount of $15,000 of the $53,000 note issued December 4, 2017 that was defaulted to $79,500 for 1,562,500 shares of common stock.

On June 11, 2018, PowerUp Lending Group Ltd. converted principal in the amount of $20,000 of the $53,000 note issued December 4, 2017 that was defaulted to $79,500 for 2,083,333 shares of common stock.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Apr. 30, 2018

Summary Of Significant Accounting Policies Policies

Earnings or Loss per Share

The Company accounts for earnings per share pursuant to ASC 260, Earnings per Share, which requires disclosure on the financial statements of "basic" and "diluted" earnings (loss) per share. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to convertible debt, stock options and warrants for each year.

There are 10,000,000 shares of preferred stock that are convertible into 200,000,000 shares of common stock. As of April 30, 2018, the number of shares of common stock that can be issued for convertible debt as per Note 9 - Subsequent Events are 1,720,482. The other notes were not convertible at April 30, 2018.

Basis of Consolidation

These financial statements include the accounts of the Company and its wholly owned subsidiaries, 4Ward Resources, Inc., Cenote Energy, S. de R.L. de C.V., WPF Transmission, Inc., and WPF Mexico Pipelines, S. de R.L. de C.V. All material intercompany balances and transactions have been eliminated.

Financial Instruments

The Company’s notes that have become convertible are subject to ASC Topic 480, “Distinguishing Liabilities from Equity,” as the debt is a mostly fixed amount to be settled with a variable number of shares.

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DEBT (Tables)

9 Months Ended

Apr. 30, 2018

Debt Tables

Schedule of debt

	April 30,		July 31,
	2018		2017
Notes payables related party, unsecured, interest bearing at 5% rate per annum, on demand	$	165,877	$	187,600
Note, unsecured interest bearing at 2% per annum, due July 9, 2020		50,000		50,000
Note, unsecured interest bearing at 7.5% per annum, due April 15, 2018. This note is now in default as of April 16, 2018 and has a default interest of 17.5%		77,844		-
Convertible debenture, unsecured, interest bearing at 12% per annum, issued June 28, 2017 in the amount of $33,000 with fees of $3,000 and cash proceeds of $30,000, convertible at December 25, 2017 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of March 30, 2018. This note defaulted on November 15, 2017 and a default penalty of $16,500 was added to the note for a total of $49,500 and incurred default interest rate of 22%. During January and February 2018, $49,500 of this debt plus $1,980 in interest was converted and the Company issued 5,024,243 shares of common stock with a fair value of $110,708 in payment leaving no balance due. The convertible note had a net change in fair value of $59,227.		-		33,000
Convertible debenture, unsecured, interest bearing at 12% per annum, issued August 22, 2017 in the amount of $38,000 with fees of $3,000 and cash proceeds of $35,000, convertible at February 18, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of May 30, 2018. This note defaulted on November 15, 2017 and a default penalty of $19,000 was added to the note for a total of $57,000 and incurred default interest rate of 22%. During March 2018, $45,000 of this debt was converted and the Company issued 8,251,365 shares of common stock with a fair value of $95,164 in payment leaving a principal balance of $12,000 of which fair market value was recorded at April 30, 2018 as $24,000. The convertible note has a net change in fair value of $62,164.		24,000		-
Convertible debenture, unsecured, interest bearing at 12% per annum,, issued December 4, 2017 in the amount of $53,000 with fees of $3,000 and cash proceeds of $50,000, convertible at June 2, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of September 15, 2018. This note defaulted on March 25, 2018 and a default penalty of $26,500 was added to the note for a total of $79,500 and incurred default interest rate of 22%. As of April 30, 2018, $0 of this debt was converted and the Company issued no shares of common stock leaving a principal balance of $79,500. This note becomes convertible on June 2, 2018.		79,500		-
Convertible debenture, unsecured, interest bearing at 12% per annum,, issued January 5, 2018 in the amount of $75,000 with an original issue discount of $2,000 and cash proceeds of $73,000, convertible at July 4, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of January 5, 2019. This note is in default and incurred default interest rate of 18%. The Company has not received any notice of default and associated default penalties remain unassessed by Lender.		75,000		-
Convertible debenture, unsecured, interest bearing at 12% per annum,, issued February 26, 2018 in the amount of $43,000 with fees of $3,000 and cash proceeds of $40,000, convertible at August 25, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of November 30, 2018. This note defaulted on March 25, 2018 and a default penalty of $21,500 was added to the note for a total of $64,500 and incurred default interest rate of 22%. As of April 30, 2018, $0 of this debt was converted and the Company issued no shares of common stock leaving a principal balance of $64,500. This note becomes convertible on August 25, 2018.		64,500		-
Loan payable related party, unsecured, non-interest bearing, on demand		-		21,078
Total Debt		536,721		291,678
Less: Current Maturities		486,721		241,678
Total Long-Term Debt	$	50,000	$	50,000

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LEASES (Tables)

9 Months Ended

Apr. 30, 2018

Leases Tables

Schedule of rent for the remaining Lease term

Year	Amount
2018	$	13,503
2019	$	83,045
Total Remaining Base Rent	$	96,548

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ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	9 Months Ended
	Apr. 30, 2018
Organization And Description Of Business Details Narrative
Date of incorporation	May 06, 2014
State of incorporation	Nevada

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	Apr. 30, 2018 shares
Common stock share reserve for future issuance	200,000,000
Convertible preferred stock	10,000,000
Convertible Debt [Member]
Common stock share reserve for future issuance	1,720,482

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GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Jul. 31, 2017
Going Concern Details Narrative
Net loss	$ (343,470)	$ (508,802)	$ (1,043,440)	$ (989,985)
Net cash used in operations			(175,172)	$ (221,517)
Accumulated deficit	(2,886,798)		(2,886,798)		$ (1,843,358)
Working capital deficit	$ (2,189,164)		$ (2,189,164)

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DEBT ( Details) - USD ($)	Apr. 30, 2018	Jul. 31, 2017
Loan payable related party, unsecured, non-interest bearing, on demand		$ 21,078
Total Debt	536,721	291,678
Less: Current Maturities	486,721	241,678
Total Long-Term Debt	50,000	50,000
Notes Payable [Member]
Total Debt	165,877	187,600
Notes Payable 1 [Member]
Total Debt	50,000	50,000
Notes Payable 2 [Member]
Total Debt	77,844
Convertible Debt [Member]
Total Debt		33,000
Convertible Debt 1 [Member]
Total Debt	24,000
Convertible Debt 2 [Member]
Total Debt	79,500
Convertible Debt 3 [Member]
Total Debt	75,000
Convertible Debt 4 [Member]
Total Debt	$ 64,500

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Apr. 30, 2018	Jul. 31, 2017
Accrued salaries	$ 1,238,250
Accrued payroll taxes	47,317
Accrued salaries and payroll taxes, related parties	1,285,567	$ 854,553
Partial payments	21,723
Loans payable, related parties	165,877	208,678
President And Ceo [Member]
Accrued unpaid salaries	1,238,250
Mr. Michael Ward [Member]
Due to related parties		21,078
Due to related parties, increase	0
Cash proceeds	27,700
Payment of expense	22,621
Repayments of related parties	71,399
Spouse Of CEO [Member]
Proceeds from loan	$ 165,877	$ 187,600

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LEASES (Details)	Apr. 30, 2018 USD ($)
Leases Details
2018	$ 13,503
2019	83,045
Total Remaining Base Rent	$ 96,548

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LEASES (Details Narrative)

9 Months Ended

Apr. 30, 2018

Leases Details Narrative

Lease agreement description

Lease Period is for three (3) years beginning July 1, 2016. The Company shall pay as additional rent all other sums of money as shall become due and payable by them under this Lease. To date after twenty-two (22) months of this thirty-six (36) month lease, no such additional charges have been made. Below is the schedule of rent for the remaining Lease term as of April 30, 2018.

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COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)

9 Months Ended

Apr. 30, 2018

Jul. 31, 2017

Common stock share reserve for future issuance

200,000,000

Common stock value

$ 324,516

$ 310,190

Consulting Agreements [Member]

Common stock share reserve for future issuance

1,000,000

Common stock value

$ 42,500

Marcos Y Asociados [Member]

Acquisition description

The Company committed to eighteen (18) months of Acquisition of Pipeline Rights of Way to Marcos y Asociados with a total amount of $77,844.00 which was due April 15, 2018 and not paid as of April 30, 2018

Commitment and contingencies acquisition amount

$ 77,844

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EQUITY (Details Narrative)	1 Months Ended	9 Months Ended
	Mar. 21, 2018 USD ($) $ / shares shares	Apr. 30, 2018 USD ($) Number shares	Jul. 31, 2017 USD ($)
Common stock share reserve for future issuance | shares		200,000,000
Common stock value | $		$ 324,516	$ 310,190
Michael Liska [Member]
Common stock shares sold | shares	50,000
Share price | $ / shares	$ 0.50
Common stock value sold | $	$ 25,000
Consulting Agreements [Member]
Common stock share reserve for future issuance | shares		1,000,000
Common stock value | $		$ 42,500
Term of agreements		P6M
Number of consultants | Number		2

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SUBSEQUENT EVENTS ( Details Narrative) - USD ($)	Jun. 11, 2018	Jun. 07, 2018	May 14, 2018	May 09, 2018	Apr. 30, 2018	Dec. 04, 2017	Aug. 22, 2017	Jul. 31, 2017
Convertible debt					$ 243,000			$ 33,000
PowerUp Lending Group Ltd [Member]
Convertible debt						$ 53,000	$ 38,000
Subsequent Event [Member] | PowerUp Lending Group Ltd [Member]
Convertible debt, converted amount	$ 20,000	$ 15,000	$ 4,000	$ 8,000
Accrued interest in default			2,280
Debt default	$ 79,500	$ 79,500	$ 57,000	$ 57,000
Debt conversion converted instrument, shares issued	2,083,333	1,562,500	756,627	963,855