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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">1.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">NOTE 1 – BASIS OF PRESENTATION AND BUSINESS DESCRIPTION</td></tr> </table> The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of April 30, 2022 and the results of operations and cash flows for the periods presented. The results of operations for the six months ended April 30, 2022 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended October 31, 2021 filed with the SEC on March 3, 2022. New World Technologies, Inc. (the “Company”), was formed in the State of Delaware on October 16, 2018. New World Technologies, Inc. is a healthcare and medical technology and device research, development and distribution company with a focus on developing and further providing innovative, cutting edge, technologically advanced products. Such technologies will be developed with an emphasis on diagnostics and screening technology, which potentially allows for the prevention or early detection and mitigation of potentially life-threatening illnesses. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. Cash and Cash Equivalents The Company considers all highly liquid debt instruments and other short-term investments with maturity of three months or less, when purchased, to be cash equivalents. The Company maintains cash and cash equivalent balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”). Stock-Based Compensation The Company accounts for stock-based compensation in accordance with the provisions of ASC 718-10 “Share Based Payments”. The Company recognizes these compensation costs, net of an estimated forfeiture rate, on a pro rata basis over the requisite service period of each vesting tranche of each award. The Company considers voluntary termination behavior as well as trends of actual option forfeitures when estimating the forfeiture rate. Liability For Stock To Be Issued The Company from time to time enters into agreements for the issuance of common and preferred stock for cash and services. When the shares have not been issued, the Company records the amounts as liability for stock to be issued. For cash transactions the Company records the liability for the amount of cash received and for services the Company records the transaction in accordance with ASC 845 Nonmonetary transactions whereby the services are valued based on the fair value of the services or the equity instruments to be issued, whichever is more clearly evident, as of the measurement date. NEW WORLD TECHNOLOGIES, INC. NOTES TO FINANCIAL STATEMENTS APRIL 30, 2022 and 2021 (UNAUDITED) Recently Issued Accounting Standards The Financial Accounting Standards Board and the Securities Exchange commission have issued certain accounting standards updates and regulations that will become effective in subsequent periods. Except for the changes discussed below, management does not believe that any of those updates would have significantly affected the Company’s financial accounting measures or disclosures had they been in effect in 2022 and 2021, and it does not believe that any of those pronouncements will have a significant impact on the Company’s financial statements at the time they become effective. Adoption of ASC 842 We lease all our office space in conducting our business. Effective on November 1, 2018 (fiscal 2019) we adopted FASB Accounting Standards Codification, or ASC, Topic 842, Leases, or ASC 842,which requires the recognition of the right-of-use assets and related operating and finance lease liabilities on the balance sheet. For contracts entered into on or after the effective date, at the inception of a contract we assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. There were no lease obligations prior to November 1, 2018. Leases are classified as either finance leases or operating leases. A lease is classified as a finance lease if any one of the following criteria are met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset or the present value of the lease payments equals or exceeds substantially all of the fair value of the asset. A lease is classified as an operating lease if it does not meet any one of these criteria. Our current operating lease is an office space lease, and the Company is currently not party to any finance leases. For all leases at the lease commencement date, a right-of-use asset and a lease liability are recognized. The right-of-use asset represents the right to use the leased asset for the lease term. The lease liability represents the present value of the lease payments under the lease. The right-of-use asset is initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, less any lease incentives received. All right-of-use assets are reviewed for impairment. The lease liability is initially measured at the present value of the lease payments, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, an incremental borrowing rate for the same term as the underlying lease. During January 2021, we terminated our lease for office space which was then in effect and as a result, relinquished the space and derecognized a right of use asset of $<span id="xdx_908_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pp0p0_c20210102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_zDYGeJbsLSHk" title="Operating lease, right-of-use assets">126,249, a lease liability of $<span id="xdx_903_eus-gaap--OperatingLeaseLiability_iI_pp0p0_c20210102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_zGFnL99rtlrb" title="Operating lease liability">133,477 and deferred rent of $<span id="xdx_90B_eus-gaap--DeferredRentAssetNetCurrent_iI_pp0p0_c20210102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_zY2BAXNSpgad" title="Deferred rent">7,184, resulting in a $<span id="xdx_900_eus-gaap--GainLossOnTerminationOfLease_pp0p0_c20210101__20210102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_z7snGeRhLBS2" title="Gain on operating lease termination">14,412 operating lease termination gain under that lease, and we recorded $614,581 as operating lease right-of-use assets and the related lease liability under a new operating lease for new office space. <span id="xdx_908_eus-gaap--LesseeOperatingLeaseAssumptionsAndJudgmentsDiscountRateDescription_c20181101__20181102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_z90muDw0ra31" title="Lease liability, description">The lease liability is based on the present value of the remaining minimum lease payments, discounted using the Small Business Administration (“SBA”) 7(a) loan incremental borrowing rate of <span id="xdx_902_eus-gaap--LesseeOperatingLeaseDiscountRate_iI_dp_uPure_c20181102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member__us-gaap--VariableRateAxis__us-gaap--BaseRateMember_zonc51XB8Skb" title="Lease liability discount rate">2.25% + Prime (<span id="xdx_90C_eus-gaap--LesseeOperatingLeaseDiscountRate_iI_dp_uPure_c20181102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member__us-gaap--VariableRateAxis__us-gaap--PrimeRateMember_zKNhlztmETV4" title="Lease liability discount rate">3.25%) = <span id="xdx_905_eus-gaap--LesseeOperatingLeaseDiscountRate_iI_dp_uPure_c20181102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_zE03ZGzSPaJ7" title="Lease liability discount rate">5.5% at May 2020, using the original lease term as the tenor. For any future finance leases, we would use the rate implicit in the lease or an incremental borrowing rate if the implicit lease rate cannot be determined. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early. NEW WORLD TECHNOLOGIES, INC. NOTES TO FINANCIAL STATEMENTS APRIL 30, 2022 and 2021 (UNAUDITED) Lease expense for our operating lease consists of the lease payments plus any initial direct costs, and is recognized on a straight-line basis over the lease term. Included in lease expense are any variable lease payments incurred in the period that were not included in the initial lease liability. Lease expense for finance leases would consists of the amortization of the right-of-use asset on a straight-line basis over the lease term and interest expense determined on an amortized cost basis. The lease payments are allocated between a reduction of the lease liability and interest expense. The Company is currently not party to any finance leases. We have elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less. The Company is currently not party to any short-term leases.

Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates.

Cash and Cash Equivalents The Company considers all highly liquid debt instruments and other short-term investments with maturity of three months or less, when purchased, to be cash equivalents. The Company maintains cash and cash equivalent balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”).

Stock-Based Compensation The Company accounts for stock-based compensation in accordance with the provisions of ASC 718-10 “Share Based Payments”. The Company recognizes these compensation costs, net of an estimated forfeiture rate, on a pro rata basis over the requisite service period of each vesting tranche of each award. The Company considers voluntary termination behavior as well as trends of actual option forfeitures when estimating the forfeiture rate.

Liability For Stock To Be Issued The Company from time to time enters into agreements for the issuance of common and preferred stock for cash and services. When the shares have not been issued, the Company records the amounts as liability for stock to be issued. For cash transactions the Company records the liability for the amount of cash received and for services the Company records the transaction in accordance with ASC 845 Nonmonetary transactions whereby the services are valued based on the fair value of the services or the equity instruments to be issued, whichever is more clearly evident, as of the measurement date. NEW WORLD TECHNOLOGIES, INC. NOTES TO FINANCIAL STATEMENTS APRIL 30, 2022 and 2021 (UNAUDITED)

Recently Issued Accounting Standards The Financial Accounting Standards Board and the Securities Exchange commission have issued certain accounting standards updates and regulations that will become effective in subsequent periods. Except for the changes discussed below, management does not believe that any of those updates would have significantly affected the Company’s financial accounting measures or disclosures had they been in effect in 2022 and 2021, and it does not believe that any of those pronouncements will have a significant impact on the Company’s financial statements at the time they become effective.

Adoption of ASC 842 We lease all our office space in conducting our business. Effective on November 1, 2018 (fiscal 2019) we adopted FASB Accounting Standards Codification, or ASC, Topic 842, Leases, or ASC 842,which requires the recognition of the right-of-use assets and related operating and finance lease liabilities on the balance sheet. For contracts entered into on or after the effective date, at the inception of a contract we assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. There were no lease obligations prior to November 1, 2018. Leases are classified as either finance leases or operating leases. A lease is classified as a finance lease if any one of the following criteria are met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset or the present value of the lease payments equals or exceeds substantially all of the fair value of the asset. A lease is classified as an operating lease if it does not meet any one of these criteria. Our current operating lease is an office space lease, and the Company is currently not party to any finance leases. For all leases at the lease commencement date, a right-of-use asset and a lease liability are recognized. The right-of-use asset represents the right to use the leased asset for the lease term. The lease liability represents the present value of the lease payments under the lease. The right-of-use asset is initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, less any lease incentives received. All right-of-use assets are reviewed for impairment. The lease liability is initially measured at the present value of the lease payments, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, an incremental borrowing rate for the same term as the underlying lease. During January 2021, we terminated our lease for office space which was then in effect and as a result, relinquished the space and derecognized a right of use asset of $<span id="xdx_908_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pp0p0_c20210102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_zDYGeJbsLSHk" title="Operating lease, right-of-use assets">126,249, a lease liability of $<span id="xdx_903_eus-gaap--OperatingLeaseLiability_iI_pp0p0_c20210102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_zGFnL99rtlrb" title="Operating lease liability">133,477 and deferred rent of $<span id="xdx_90B_eus-gaap--DeferredRentAssetNetCurrent_iI_pp0p0_c20210102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_zY2BAXNSpgad" title="Deferred rent">7,184, resulting in a $<span id="xdx_900_eus-gaap--GainLossOnTerminationOfLease_pp0p0_c20210101__20210102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_z7snGeRhLBS2" title="Gain on operating lease termination">14,412 operating lease termination gain under that lease, and we recorded $614,581 as operating lease right-of-use assets and the related lease liability under a new operating lease for new office space. <span id="xdx_908_eus-gaap--LesseeOperatingLeaseAssumptionsAndJudgmentsDiscountRateDescription_c20181101__20181102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_z90muDw0ra31" title="Lease liability, description">The lease liability is based on the present value of the remaining minimum lease payments, discounted using the Small Business Administration (“SBA”) 7(a) loan incremental borrowing rate of <span id="xdx_902_eus-gaap--LesseeOperatingLeaseDiscountRate_iI_dp_uPure_c20181102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member__us-gaap--VariableRateAxis__us-gaap--BaseRateMember_zonc51XB8Skb" title="Lease liability discount rate">2.25% + Prime (<span id="xdx_90C_eus-gaap--LesseeOperatingLeaseDiscountRate_iI_dp_uPure_c20181102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member__us-gaap--VariableRateAxis__us-gaap--PrimeRateMember_zKNhlztmETV4" title="Lease liability discount rate">3.25%) = <span id="xdx_905_eus-gaap--LesseeOperatingLeaseDiscountRate_iI_dp_uPure_c20181102__us-gaap--AdjustmentsForNewAccountingPronouncementsAxis__us-gaap--AccountingStandardsUpdate201602Member_zE03ZGzSPaJ7" title="Lease liability discount rate">5.5% at May 2020, using the original lease term as the tenor. For any future finance leases, we would use the rate implicit in the lease or an incremental borrowing rate if the implicit lease rate cannot be determined. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early. NEW WORLD TECHNOLOGIES, INC. NOTES TO FINANCIAL STATEMENTS APRIL 30, 2022 and 2021 (UNAUDITED) Lease expense for our operating lease consists of the lease payments plus any initial direct costs, and is recognized on a straight-line basis over the lease term. Included in lease expense are any variable lease payments incurred in the period that were not included in the initial lease liability. Lease expense for finance leases would consists of the amortization of the right-of-use asset on a straight-line basis over the lease term and interest expense determined on an amortized cost basis. The lease payments are allocated between a reduction of the lease liability and interest expense. The Company is currently not party to any finance leases. We have elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less. The Company is currently not party to any short-term leases.

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The lease liability is based on the present value of the remaining minimum lease payments, discounted using the Small Business Administration (“SBA”) 7(a) loan incremental borrowing rate of 2.25% + Prime (3.25%) = 5.5% at May 2020, using the original lease term as the tenor. For any future finance leases, we would use the rate implicit in the lease or an incremental borrowing rate if the implicit lease rate cannot be determined.

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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">2.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">NOTE 2 – COMMON STOCK and PREFERRED STOCK</td></tr> </table> In October 2018, the Company filed a Certificate of Incorporation and organized under the Delaware General Corporation Law. Under this certificate, the Company has 100,000,000 common shares, par value $.0001 per share authorized and 20,000,000 preferred shares, par value $.0001 per share authorized. Common Stock During October 2018, the Company issued 2,000,000 shares of common stock to an executive officer as a result of an employment agreement. During October 2018, the Company raised $<span id="xdx_900_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pp0p0_c20181001__20181031__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember_zYeEF8gmYDw2" title="Issuance of common stock, value">200,000 and issued 1,428,571 shares of common stock to a related party as a result of a stock purchase agreement. (See Note 6). During October 2018, the Company entered into various agreements with key executives of the Company, and as a result, 90,000 common shares in the aggregate are to be issued and were valued in the aggregate at $12,600 and recorded as a liability for stock to be issued. During December 2018 these common shares were issued in accordance with their respective agreements. During January 2021, the Company raised $<span id="xdx_902_eus-gaap--ProceedsFromIssuanceOfCommonStock_pp0p0_c20210101__20210131__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember_zAlfql9Boztc" title="Proceeds from issuance of common stock">500,000 under a stock purchase agreement with a related party. As a result, <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20210101__20210131__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember_zpWAn7uF4dhh" title="Issuance of common stock">100,000 shares of common stock are to be issued, valued at $<span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pp0p0_c20210101__20210131__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember_zbfDbkGkordc" title="Issuance of common stock, value">500,000 and recorded as a liability for common stock to be issued. (See Note 6). During March 2021, the Company raised $<span id="xdx_900_eus-gaap--ProceedsFromIssuanceOfCommonStock_pp0p0_c20210301__20210331__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember_zYVPeVQIUtHa" title="Proceeds from issuance of common stock">250,000 under a stock purchase agreement with a related party. As a result, <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20210301__20210331__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember_zrBme33Gpntd" title="Issuance of common stock">50,000 shares of common stock are to be issued, valued at $<span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pp0p0_c20210301__20210331__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember_zXztrR0snEJ3" title="Issuance of common stock, value">250,000 and recorded as a liability for common stock to be issued. (See Note 6). During April 2021, the Company entered into a marketing services agreement. As a result, 500,000 shares of common stock are to be issued, valued at $2,500,000 and recorded as a liability for common stock to be issued. (See Note 4). During May 2021, the Company entered into a business advisory services agreement. As a result, 25,000 shares of common stock are to be issued, valued at $125,000 and recorded as a liability for common stock to be issued. (See Note 4). During April 2022, the Company raised $350,000 under a stock purchase agreement with a related party. As a result, 70,000 shares of common stock are to be issued, valued at $350,000 and recorded as a liability for common stock to be issued. (See Note 7). NEW WORLD TECHNOLOGIES, INC. NOTES TO FINANCIAL STATEMENTS APRIL 30, 2022 and 2021 (UNAUDITED) Preferred Stock The Company does not have any classes or series of preferred stock designated.

100000000

0.0001

20000000

0.0001

2000000

200000

1428571

90000

12600

500000

100000

500000

250000

50000

250000

500000

2500000

25000

125000

350000

70000

350000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">3.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">NOTE 3 – INCOME TAXES</td></tr> </table> The Company files U.S. federal and state of New York tax returns that are subject to audit by tax authorities beginning with the calendar year ended December 31, 2018. The Company’s policy is to classify assessments, if any, for tax and related interest and penalties as tax expense.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">4.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">NOTE 4 – COMMITMENTS</td></tr> </table> Lease Agreement Our current operating lease right-of-use asset and operating lease liability represent our lease for office space used to conduct our business. As of April 30, 2022, the Company is not party to any finance leases. The lease has a remaining lease term of 7 years. The components of lease expense for the six months ended April 30, 2022 and 2021 were as follows: SCHEDULE OF COMPONENTS OF LEASE EXPENSE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.5in"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Operating lease cost (cost resulting from lease payments)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_493_20211101__20220430_zPOjb4XnFuSd" style="font: 10pt Times New Roman, Times, Serif; text-align: right">59,318</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_498_20201101__20210430_zmwETFAhrPW9" style="font: 10pt Times New Roman, Times, Serif; text-align: right">45,334</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">April 30, 2022</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">April 30, 2021</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseCost_i_pp0p0" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 64%; text-align: left">Operating lease cost (cost resulting from lease payments)</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">59,318</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">45,334</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OperatingLeaseExpense_i_pp0p0" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Operating lease expense</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">52,836</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">61,642</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> The Company calculates its incremental borrowing rates for specific lease terms, used to discount future lease payments, as a function of the Small Business Administration (“SBA”) 7(a) loan incremental borrowing rates. The Company’s discount rate and lease term remaining on its lease liability is approximately <span id="xdx_90A_eus-gaap--LesseeOperatingLeaseDiscountRate_iI_pid_dp_uPure_c20220430__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_ziwSCpnJL4Nl" title="Discount rate">5.50% and <span id="xdx_901_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20220430__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zjYvGdMWsx9f" title="Lease term remaining on lease liability">7 years, respectively. The Company had net operating cash flows from the operating lease of $<span id="xdx_904_eus-gaap--OperatingLeasePayments_pp0p0_c20211101__20220430__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_ziW5H3qIpsF9" title="Operating cash flows from operating leases">1,482 and $<span id="xdx_908_eus-gaap--OperatingLeasePayments_pp0p0_c20201101__20210430__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__us-gaap--LeaseAgreementsMember_zI9FqikrzDye" title="Operating cash flows from operating leases">18,078 related to the lease for the six months ended April 30, 2022 and 2021, respectively. As of April 30, 2022 and 2021, the Company’s right-of-use assets are $487,699 and $569,841, respectively, which are reported in other long-term assets in the Company’s balance sheets. As of April 30, 2022 and 2021, the Company has outstanding lease obligations of $525,337 and $587,919 respectively, which are reported in long-term obligations in the Company’s balance sheets. The Company has taken advantage of certain practical expedients offered to registrants at adoption of ASC 842. The Company does not apply the recognition requirements of ASC 842 to short-term leases and sub leases. Instead, those lease payments are recognized in profit or loss on a straight-line basis over the lease term. Further, as a practical expedient, all lease contracts are accounted for as one single lease component, as opposed to separating lease and non-lease components to allocate the consideration within a single lease contract. Maturities of aggregate operating lease liabilities as of April 30, 2022 were as follows: SCHEDULE OF MATURITIES OF AGGREGATE OPERATING LEASE LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.5in"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">2022</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_493_20220430_z1XnzXNJi8b" style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_maCzHYG_zv3ukT4btFSa" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 80%; text-align: left">2022</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maCzHYG_zFQqWCzOJdUf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">2023</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maCzHYG_za92Ku0Ol1Xc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">2024</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maCzHYG_zH5asZoZjZCb" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">2025</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maCzHYG_zS2wCR8zdVs6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">2026</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_maCzHYG_zEgRAZDB68z4" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">Thereafter</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">115,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtCzHYG_z1DNQcjZdhXj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left">Total minimum lease payments</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">645,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_ztbUCwfHqD0l" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Imputed interest</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(118,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--OperatingLeaseLiability_iI_zlv8v2zGKRJ1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt">Total</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">527,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table> NEW WORLD TECHNOLOGIES, INC. NOTES TO FINANCIAL STATEMENTS APRIL 30, 2022 and 2021 (UNAUDITED) During January 2021, the Company terminated its then existing lease for office space and as a result, relinquished the space and derecognized a right of use asset of $126,249, a lease liability of $133,477 and deferred rent of $7,184, resulting in a $14,412 operating lease termination gain. The Company entered into a 7-year lease agreement with its current landlord in January 2021 for larger office space within the same business complex as its former space in Hauppauge, NY. The current space is approximately 4,250 square feet and serves as the location for the Company’s Corporate Headquarters, including office space, product demonstration space and meeting rooms used to conduct business and help advance operations. The Company subsequently entered into a Commencement Date Agreement with the landlord during January 2021, amending the actual lease commencement date to September 2020 with rent payments commencing December 2020. The Company accounts for this lease as an operating lease under ASC 842. $52,836 and $61,642 in rental expense has been charged to operations for the six months ended April 30, 2022 and 2021, respectively. Rental expense is accounted for on the straight-line method. Any excess of recognized rent expense over scheduled lease payments is included in accounts payable and accrued expenses. Employment Agreements In October 2018 the Company entered into an employment agreement with a key management individual. In accordance with the terms of the agreement, the Company issued equity compensation of 2,000,000 shares of common stock to this individual. In October 2018 the Company entered into various employment agreements with key management individuals. In accordance with the respective terms of these agreements, the Company issued equity compensation <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensation_pid_c20181001__20181031__us-gaap--TypeOfArrangementAxis__custom--EmploymentAgreementsMember_z0WYtkIae5pb" title="Issuance of common stock for equity compensation">60,000 shares of common stock in the aggregate to those individuals valued at $<span id="xdx_903_eus-gaap--StockIssuedDuringPeriodValueShareBasedCompensation_pp0p0_c20181001__20181031__us-gaap--TypeOfArrangementAxis__custom--EmploymentAgreementsMember_z44QAgh9XjP5" title="Issuance of common stock for equity compensation, value">8,400 and recorded as a liability for stock to be issued. In October 2018 the Company entered into a Board of Director membership agreement with a key management individual. In accordance with the terms of this agreement, the Company issue equity compensation to this individual. As a result, <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensation_pid_c20181001__20181031__us-gaap--TypeOfArrangementAxis__custom--BoardOfDirectorMembershipAgreementMember__srt--TitleOfIndividualAxis__custom--BoardOfDirectorsMember_zWrdBQo11TOi" title="Issuance of common stock for equity compensation">30,000 shares of common stock are to be issued, were valued at $<span id="xdx_905_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20181001__20181031__us-gaap--TypeOfArrangementAxis__custom--BoardOfDirectorMembershipAgreementMember__srt--TitleOfIndividualAxis__custom--BoardOfDirectorsMember_zgnTEfkKTW38" title="Issuance of common stock for equity compensation, value">4,200 and recorded as a liability for stock to be issued. During December 2018 these common shares were issued in accordance with the agreement. Stock Purchase Agreements During October 2018, the Company entered into a stock purchase agreement with a related party for the sale of shares of the Company’s common stock. As a result, <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20181001__20181031__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember_zue5cHaE86n9" title="Issuance of common stock">1,428,571 shares of common stock were issued. (See Note 7). During January 2021, the Company entered into a stock purchase agreement with a related party for the sale of shares of the Company’s common stock. As a result, <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20210101__20210131__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember_z6dpXX8zzSXe" title="Issuance of common stock">100,000 shares of common stock are to be issued and recorded as a liability for common stock to be issued. (See Note 7). During March 2021, the Company entered into a stock purchase agreement with a related party for the sale of shares of the Company’s common stock. As a result, 50,000 shares of common stock are to be issued and recorded as a liability for common stock to be issued. (See Note 7). During April 2022, the Company entered into a stock purchase agreement with a related party for the sale of shares of the Company’s common stock. As a result, 70,000 shares of common stock are to be issued and recorded as a liability for common stock to be issued. (See Note 7). NEW WORLD TECHNOLOGIES, INC. NOTES TO FINANCIAL STATEMENTS APRIL 30, 2022 and 2021 (UNAUDITED) Marketing Services Agreement In April 2021, the Company entered into a marketing services agreement with a professional marketing firm to establish a global marketing strategy that includes e-marketing, awareness, branding and digital media. The Company anticipates a global exposure initiative led by this firm to be launched by the end of fiscal 2021 and will help advance the business significantly. According to the terms of the agreement, the Company will compensate the consultant with a first payment period being May 15, 2021 to May 15, 2024 at $<span id="xdx_903_eus-gaap--CompensationExpenseExcludingCostOfGoodAndServiceSold_pp0p0_c20210401__20210430__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_zePiN8c4Tta1" title="Compensation paid">50,000 per month with <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20210401__20210430__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_z5EysD2maH7k" title="Issuance of restricted stock, shares">500,000 restricted common shares. These restricted common shares to be issued were valued at $<span id="xdx_907_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_pp0p0_c20210401__20210430__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_zGUsQ2Uqeuzf" title="Issuance of restricted stock, value">2,500,000 and recorded as a liability for common stock to be issued. A second payment period shall commence when the Company becomes publicly trading and completes an IPO capital raise, as defined, in which the Company will then compensate the consultant at $<span id="xdx_905_eus-gaap--CompensationExpenseExcludingCostOfGoodAndServiceSold_pp0p0_c20211101__20220430__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_zJIVMZWaKsu7" title="Compensation paid">100,000 per month for the remainder of the term. <span id="xdx_903_ecustom--AgreementTermDescription_c20210401__20210430__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_zuH1UWZQ5Wna" title="Agreement term, description">The term of the agreement has an initial term of 36 months and shall automatically renew for an additional 12 months unless either party provides thirty days written notice to the other of intent to cancel or non-renew. In November 2021, the Company entered into an addendum to this marketing services agreement. The Company anticipates a global exposure initiative led by this firm to now be launched by the end of calendar 2022. According to the terms of the addendum, the Company will compensate the consultant with a first payment period estimated to be during the first calendar quarter 2022 at $<span id="xdx_903_eus-gaap--CompensationExpenseExcludingCostOfGoodAndServiceSold_pp0p0_c20211101__20220131__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember_zvulPLZIP8gj" title="Compensation paid">50,000 per month with <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20211101__20220131__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_z3PvgJzj1Pf9" title="Issuance of restricted stock, shares">500,000 restricted common shares, which have already been recorded as a liability for common stock to be issued in conjunction with the original agreement. These restricted common shares to be issued were valued at $<span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_pp0p0_c20211101__20220131__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_z8U8B28UMiu6" title="Issuance of restricted stock, value">2,500,000 and shall now be issued on the Company’s first day of trading as a registered public company. Additionally, according to the terms of the Addendum, no fees are due or owing under the original agreement. A second payment period shall commence when the Company becomes publicly trading for three (3) consecutive months and the Company completes an IPO capital raise, as defined, in which the Company will then compensate the consultant at $<span id="xdx_90D_eus-gaap--CompensationExpenseExcludingCostOfGoodAndServiceSold_pp0p0_c20211101__20211130__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_z4D8yH0ZQW7j" title="Compensation paid">100,000 per month for the remainder of the term. <span id="xdx_902_ecustom--AgreementTermDescription_c20211101__20211130__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_zY1jFE7RjPs2" title="Agreement term, description">The term of the agreement has an initial term of 36 months which shall commence following the Company completing an IPO capital raise, as defined, and the Company becoming a registered publicly trading company and shall automatically renew for an additional 12 months unless either party provides thirty days written notice to the other of intent to cancel or non-renew. Business Advisory Agreement In May 2021, the Company entered into a business advisory services agreement to assist the Company with establishing a global strategy within current international business, healthcare and finance standards of industry and practice. According to the terms of the agreement, the Company will compensate the consultant $<span id="xdx_90D_eus-gaap--CompensationExpenseExcludingCostOfGoodAndServiceSold_pp0p0_c20210501__20210531__us-gaap--TypeOfArrangementAxis__custom--BusinessAdvisoryServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_z2QNU2EQgf1j" title="Compensation paid">5,000 per month for the first 12 months and <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20210501__20210531__us-gaap--TypeOfArrangementAxis__custom--BusinessAdvisoryServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_zT8miMdhBXL7" title="Issuance of restricted stock, shares">25,000 restricted common shares. These restricted common shares to be issued were valued at $<span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_pp0p0_c20210501__20210531__us-gaap--TypeOfArrangementAxis__custom--BusinessAdvisoryServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_ztLGFZ66fawf" title="Issuance of restricted stock, value">125,000 and recorded as a liability for common stock to be issued. Additionally, the Company can invite the consultant to manage and further participate in additional projects at the following compensation structure; a <span id="xdx_903_ecustom--CashManagementFeePercent_pid_dp_uPure_c20210501__20210531__us-gaap--TypeOfArrangementAxis__custom--BusinessAdvisoryServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_zykGRqRy9H4d" title="Cash management fee, percent">2% cash management fee on any financial projects consultant participates in and a <span id="xdx_906_ecustom--CommonStockManagementFeePercent_pid_dp_uPure_c20210501__20210531__us-gaap--TypeOfArrangementAxis__custom--BusinessAdvisoryServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_zykGniq6dojf" title="Common stock management fee percent">1% common stock management fee on any healthcare projects the consultant participates in. Such projects shall be by invitation only from the Company to the consultant with acceptance by the consultant at its own sole discretion. <span id="xdx_90A_ecustom--AgreementTermDescription_c20210501__20210531__us-gaap--TypeOfArrangementAxis__custom--BusinessAdvisoryServicesAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_zazCIZIXqOl1" title="Agreement term, description">The term of the agreement is 12 months with termination by either party with 30 days written notice to the other of intent to cancel. Marketing Services Agreement In November 2021, the Company entered into a marketing services agreement with a professional marketing firm to establish a marketing strategy for e-marketing, awareness, social media platforms, branding, digital media and on-line presence. The Company anticipates these services to be an integral part of its global exposure initiative expected to be launched by the end of calendar 2022. According to the terms of the agreement, the Company will compensate the consultant $<span id="xdx_902_eus-gaap--CompensationExpenseExcludingCostOfGoodAndServiceSold_pp0p0_c20211101__20211130__us-gaap--TypeOfArrangementAxis__custom--MarketingServicesAgreementMember_zkm86DHcU189" title="Compensation paid">5,000 per month for the first 12 months. Additionally, the Company can invite the consultant to manage and further participate in additional projects. Such projects shall be by invitation only from the Company to the consultant with acceptance by the consultant at its own sole discretion. The term of the agreement is 12 months with termination by either party with 30 days written notice to the other of intent to cancel. NEW WORLD TECHNOLOGIES, INC. NOTES TO FINANCIAL STATEMENTS APRIL 30, 2022 and 2021 (UNAUDITED)

P7Y

SCHEDULE OF COMPONENTS OF LEASE EXPENSE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.5in"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">Operating lease cost (cost resulting from lease payments)</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_493_20211101__20220430_zPOjb4XnFuSd" style="font: 10pt Times New Roman, Times, Serif; text-align: right">59,318</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_498_20201101__20210430_zmwETFAhrPW9" style="font: 10pt Times New Roman, Times, Serif; text-align: right">45,334</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">April 30, 2022</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">April 30, 2021</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseCost_i_pp0p0" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 64%; text-align: left">Operating lease cost (cost resulting from lease payments)</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">59,318</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 14%; text-align: right">45,334</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OperatingLeaseExpense_i_pp0p0" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">Operating lease expense</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">52,836</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">61,642</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>

59318

45334

52836

61642

0.0550

P7Y

1482

18078

487699

569841

525337

587919

Maturities of aggregate operating lease liabilities as of April 30, 2022 were as follows: SCHEDULE OF MATURITIES OF AGGREGATE OPERATING LEASE LIABILITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%; margin-left: 0.5in"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">2022</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td id="xdx_493_20220430_z1XnzXNJi8b" style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_maCzHYG_zv3ukT4btFSa" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 80%; text-align: left">2022</td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; width: 16%; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maCzHYG_zFQqWCzOJdUf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">2023</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maCzHYG_za92Ku0Ol1Xc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">2024</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maCzHYG_zH5asZoZjZCb" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">2025</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maCzHYG_zS2wCR8zdVs6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1.5pt">2026</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">106,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_maCzHYG_zEgRAZDB68z4" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">Thereafter</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">115,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtCzHYG_z1DNQcjZdhXj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left">Total minimum lease payments</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">645,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_ztbUCwfHqD0l" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">Imputed interest</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(118,000</td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_409_eus-gaap--OperatingLeaseLiability_iI_zlv8v2zGKRJ1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt">Total</td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right">527,000</td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> </table>

106000

115000

645000

118000

527000

126249

133477

7184

14412

P7Y

4250

52836

61642

2000000

60000

8400

30000

4200

1428571

100000

50000

70000

50000

500000

2500000

100000

The term of the agreement has an initial term of 36 months and shall automatically renew for an additional 12 months unless either party provides thirty days written notice to the other of intent to cancel or non-renew

50000

500000

2500000

100000

The term of the agreement has an initial term of 36 months which shall commence following the Company completing an IPO capital raise, as defined, and the Company becoming a registered publicly trading company and shall automatically renew for an additional 12 months unless either party provides thirty days written notice to the other of intent to cancel or non-renew

5000

25000

125000

0.02 0.01 The term of the agreement is 12 months with termination by either party with 30 days written notice to the other of intent to cancel

5000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">5.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">NOTE 5 – CREDIT RISK AND OTHER CONCENTRATIONS</td></tr> </table> Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents and trade receivables. The Company places its cash with high credit quality financial institutions. At times, such cash and cash equivalents may exceed the FDIC insured limit of $250,000. There are no accounts receivable concentrations and no revenue concentrations at April 30, 2022 and 2021.

250000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">6.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">NOTE 6 – LIQUIDITY AND CAPITAL RESOURCES</td></tr> </table> The Company has not yet commenced operations. As the Company is currently jumpstarting its medical technology and device research, development and distribution business, there will be concerted, focused efforts on raising capital. During October 2018, we were successful in raising net proceeds of $200,000 through a private placement in order to fund the development and growth of our operations. (See Note 7). During January and March 2021, we were successful in raising proceeds of $750,000 in the aggregate through private placements to fund operations (See Note 7). During April 2022, we were successful in raising proceeds of $350,000 through a private placement to fund the continuing development and growth of our operations. (See Note 7). Our ability to continue as a going concern is dependent on our obtaining additional adequate capital to fund additional operating losses until we become profitable. If we are unable to obtain adequate capital, we could be forced to cease operations.

200000

750000

350000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">7.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">NOTE 7 – RELATED PARTY TRANSACTIONS</td></tr> </table> During October 2018, the Company entered into a stock purchase agreement and sold <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20181001__20181031__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zCrGzTbipk6c" title="Issuance of common stock">1,428,571 shares of common stock valued at $<span id="xdx_904_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pp0p0_c20181001__20181031__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zHku4bivDuaf" title="Issuance of common stock, value">200,000 to a company in which the Chief Executive Officer participates in. (See Notes 2 and 4). During January 2021, the Company entered into a stock purchase agreement and sold <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20210101__20210131__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zht1oAnKbot9" title="Issuance of common stock">100,000 shares of common stock valued at $<span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pp0p0_c20210101__20210131__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zRTUb5rnyWPj" title="Issuance of common stock, value">500,000 to a company in which the Chief Executive Officer participates in. (See Notes 2 and 4). During March 2021, the Company entered into a stock purchase agreement and sold <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20210301__20210331__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_z8dfRSYnK733" title="Issuance of common stock">50,000 shares of common stock valued at $<span id="xdx_905_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pp0p0_c20210301__20210331__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zD0ayqofohrg" title="Issuance of common stock, value">250,000 to a company in which the Chief Executive Officer participates in. (See Notes 2 and 4). During April 2022, the Company entered into a stock purchase agreement and sold <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20220401__20220430__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zsW9kMIoW6Gj" title="Issuance of common stock">70,000 shares of common stock valued at $<span id="xdx_909_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pp0p0_c20220401__20220430__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zju30Cb0c2Sd" title="Issuance of common stock, value">350,000 to a company in which the Chief Executive Officer participates in. (See Notes 2 and 4).

1428571

200000

100000

500000

50000

250000

70000

350000

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify">8.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">NOTE 8 – SUBSEQUENT EVENTS</td></tr> </table> RELATED PARTY TRANSACTION Related Party Transaction / Acquisition The Company’s management continues to negotiate an asset purchase and sale transaction to acquire right, title and interest in certain business assets from a company that owns common shares in the Company and in which the Chief Executive Officer participates in. The Company is anticipating acquiring a medical technology, which also includes the assignment of any related FDA submittals, licenses, blueprints, test machines, schematics, or permits, as the case may be, and a predetermined amount of cash. The Company also anticipates the assignment and assumption of certain obligations and liabilities from that company as a result of the contemplated transaction.