10-Q

As Filed with the Securities and Exchange Commission on June 21, 2021

File No:  000-24520

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDING APRIL 30, 2021

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                                             to                                         

Commission file number: 000-24520

W TECHNOLOGIES, INC.

(Name of registrant as specified in its Charter)

Delaware	04-3021770
(State of Incorporation)	(IRS Employer Identification No.)

9440 Santa Monica Blvd., Suite 301, Beverly Hills, CA	90210
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (424) 522-9977

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
COMMON STOCK	WTCG	OTCPINK

Indicate by check mark whether the registrant (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 the past 90 days. Yes ☐ No ☒

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted 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 such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company.  See the definition of “law accelerated filed,” “accelerated filed,” “Smaller reporting company,” and “emerging growth company” in Rule 12b of the Exchange Act.

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☐	Smaller Reporting Company ☒
Emerging growth company  ☒

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 ☐ No ☒

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act subsequent to the distribution of securities under a plan confirmed by the court. Yes ☐ No ☐ N/A

APPLICABLE ONLY TO CORPORATE ISSUERS:

As of June 21, 2021, we had 3,955,016 shares of common stock issued and outstanding. 

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION
Item 1. Financial Statements	3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	16
Item 3. Quantitative and Qualitative Disclosures about Market Risk	19
Item 4. Controls and Procedures	19
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	20
Item 1A. Risk Factors	20
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds	20
Item 3. Defaults upon Senior Securities	20
Item 4. Mine Safety Disclosures	20
Item 5. Other Information	20
Item 6. Exhibits	20
Signatures	21

PART 1 – FINANCIAL INFORMATION

Item 1.     Financial Statements

W TECHNOLOGIES, INC.

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED

APRIL 30, 2021

Consolidated Balance Sheets: As of April 30, 2021 (Unaudited) and as of July 31, 2020 (Audited)	4
Consolidated Statements of Operations: For the Three and Nine Months Ended April 30, 2021 and the Three and Nine months ended April 30, 2020 (Unaudited)	5
Consolidated Statements of Cash Flows: For the Nine Months Ended April 30, 2021 and July 31, 2020 (Unaudited)	6
Consolidated Statement of Shareholders Equity: For the Nine Months Ended April 30, 2021 and for the Year Ended July 31, 2020 (Unaudited)	7
Notes to the Consolidated Financial Statements (Unaudited)	8

3

W Technologies, Inc.

CONSOLIDATED BALANCE SHEETS

	April 30, 2021			July 31, 2020
	(Unaudited)			(Audited)
ASSETS
Current Assets:
Cash		-			-
Total Current Assets		-			-
TOTAL ASSETS	$	-		$	-
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
LIABILITIES
Current Liabilities:
Accrued Expenses		143,500			50,000
Accrued Interest Payable		32,429			176,722
Note Payable		43,903			-
Convertible Notes Payable (Note 6)		613,805			440,405
Shareholder Advances ( Note 5)		113,008			-
Derivative Liability		184,382			184,382
Total Current Liabilities		1,131,027			851,509
TOTAL LIABILITIES		1,131,027			851,509
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred Stock , $.0001 par value, 50,000,000 shares authorized Series A- 120,000 Issued and Outstanding at April 30, 2021 and July 31, 20 respectively		12			12
Series E –0 Issued and Outstanding at April 30, 2021 and 25,000,000 at July 31, 2020 respectively see (Note 11)					2,500
Series F – 1,000,000 Issued and Outstanding at April 30, 2021 and -0- at July 31,2020 respectively see (Note 11)		100
Common Stock, $.0001 par value 10,000,000,000 shares authorized 3,955,016 Issued and Outstanding at April 30, 2021 and 2,805,016 at July 31, 2020.		396			281
Additional paid-in-capital		43,291,637			43,291,637
Treasury Stock		(50,250	)		(50,250	)
Accumulated deficit		(44,372,922	)		(44,095,689	)
Total Stockholders’ Equity (Deficit)		(1,131,027	)		(851,509	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)		-		$	-

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

4

W Technologies, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

For The Three Months and Nine Months Ended April 30, 2021 and 2020

(Unaudited) 

	Three Months Ended April 30						Nine Months Ended April 30
	2021			2020			2021			2020
REVENUES
COST OF REVENUE
OPERATING EXPENSES:
Bad Debt Expense		-			15,000			-			15,000
Stock based compensation		60			-			60			-
General & Administrative expenses		2,979			-			5,714			3,025
Computer Systems		3,722			-			13,327			-
Legal Fees		11,685			-			71,499			-
Officer Compensation		30,000			-			90,000			-
Professional Fees		14,051			-			50,196			2,469
Travel & Entertainment		-			-			13,357			-
Transfer Agent Fees		1,069			-			4,388			-
Telephone		67			-			1,984			-
Total Operating expenses		63,633			15,000			250,525			20,494
NET OPERATING INCOME/ (LOSS)		(63,633	)		(15,000	)		(250,525	)		(20,494	)
OTHER INCOME/(EXPENSES)
Finance and interest fees		(7,858	)		(9,602	)		(28,707	)		(28,725	)
Amortization of debt discount		-			-			-			-
Changes in derivative liability		-			-			-			-
Loss from extinguish of debt		-			-			-			-
Total other Income/(Expense)		(7,858	)		(9,602	)		(28,707	)		(28,725	)
NET INCOME/ (LOSS)	$	(71,492	)	$	(24,602	)	$	(279,232	)	$	(49,219	)
Basic and Diluted Income/( Loss) per Common Share	$	(0.01807	)	$	(0.00877	)	$	(0.07009	)	$	(0.01755	)
Weighted Average Number of Common Shares Outstanding		3,955,016			2,805,016			3,955,016			2,805,016

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

5

W Technologies, Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For The Six Months Ended April 30, 2021 and 2020

(Unaudited)

	April 30, 2021			April 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$	(279,232	)	$	(49,219	)
Adjustments to reconcile net loss to net cash provided
Issuance of common stock for services		115			-
By operating activities:
Changes in operating assets and liabilities		-			-
(Increase)/ decrease in accounts receivables		-			15,000
Increase/ (decrease) in accrued expenses		93,500			5,495
Increase/ (decrease) in accrued interest payable		(144,694	)		28,724
Net cash used in operating activities		(330,311	)		-
Net cash provided by (used in) investing activities		-			-
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds  from convertible notes payable		43,903			-
Interest included in convertible note payable		173,400		-
Proceeds from Shareholder Advances		113,008			-
Net cash provided by (used in) financing activities		330,311			-
Net increase (decrease) in cash and cash equivalents		-			-
Cash and cash equivalents - beginning of period		-			-
Cash and cash equivalents - end of period	$	-		$	-

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

6

W Technologies, Inc.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

For The Nine Months Ended April 30, 2021 and

For The Year Ended July 31, 2020

(Unaudited)

	Preferred Series A				Preferred  Series E						Preferred  Series F				Common Stock				Additional Paid-In		Treasury			Accumulated			Retained
	Shares		Value		Shares			Value			Shares		Value		Shares		Value		Capital		Stock			Deficit			Earnings
Balance – July 31, 2018 (Unaudited)		120,000	$	12		25,000,000		$	2,500			-		-		2,805,016	$	281	$	43,291,637		(50,250	)	$	(43,751,727	)	$	(507,547	)
Net Income/(Loss) July 31, 2019		-		-		-			-			-		-		-		-		-		-			(178,714	)		(178,714	)
Balance – July 31, 2019(Unaudited)		120,000	$	12		25,000,000		$	2,500			-		-		2,805,016	$	281	$	43,291,637		(50,250	)	$	(43,930,441	)	$	(686,261	)
Net Income/(Loss) July 31, 2020		-		-		-			-			-		-		-		-		-		-			(165,248	)		(165,248	)
Balance – July 31, 2020 (Unaudited)		120,000	$	12		25,000,000		$	2,500			-		-		2,805,016	$	281	$	43,291,637		(50,250	)	$	(44,095,689	)	$	(851,509	)
Net Income/(Loss) October 31, 2020		-		-		-			-			-		-		-		-		-		-			(90,378	)		(90,378	)
Balance – October 31, 2020 (Unaudited)		120,000	$	12		25,000,000		$	2,500			-		-		2,805,016	$	281	$	43,291,637		(50,250	)	$	(44,186,067	)	$	(941,887	)
Issuance of Common Shares for services		-		-		-			-			-		-		550,000	$	55		-		-			55			55
Preferred shares cancelled		-		-		(25,000,000	)	$	(2,500	)		-		-		-		-		-		-			(2,500	)		(2,500	)
Sale of Preferred shares		-		-		-			-			1,000,000		100		-		-		-		-			100			100
Net Income/(Loss) January 31,2021 (Unaudited)		-		-		-			-			-		-		-		-		-		-			(115,363	)		(115,363	)
Balance – January 31, 2021 (Unaudited)		120,000	$	12		0		$	0			1,000,000	$	100		3,355,016	$	336	$	43,291,637		(50,250	)	$	(44,301,430	)	$	(1,059,595	)
Issuance of common Shares for services		-		-		-			-			-		-		600,000	$	60		-		-			-			60
Net Income/(Loss) April 30,2021 (Unaudited)		-		-		-			-			-		-		-		-		-		-		$	(71,492	)	$	(71,492	)
Balance – April 30, 2021 (Unaudited)		120,000	$	12		0		$	0			1,000,000	$	100		3,955,016	$	396	$	43,291,637		(50,250	)	$	(44,372,922	)	$	(1,131,027	)

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

7

W TECHNOLOGIES, INC.

NOTES TO THE FINANCIAL STATEMENTS

April 30, 2021

(Unaudited)

NOTE 1 – ORGANIZATION AND BUSINESS

W Technologies, (the "Company") was incorporated in the State of Nevada in 1986 as IMSCO Technologies. We reincorporated in Massachusetts in 1987 and then we reincorporated in Delaware in 1996. In 2001 we changed our name to Global Sports and Entertainment, Inc. On August 22, 2002 we changed our name to GWIN, Inc. Then on September 22, 2006 we changed our name to Winning Edge International, Inc. On October 2, 2007 we became W Technologies, Inc.

The Company transitioned its business model to the sales and distribution of medical-related devices and supplies. A change in our management initiated this change in our business model in February 2020. On April 20, 2020, the Company received a proposed Letter of Intent for the exclusive and global rights to a proprietary technology designed to remove viruses. After extensive and careful due diligence of the German company warranting the technology of the devices, on June 8, 2020, the Company announced that it decided not to proceed with this transactions.

On November 6, 2019, we entered into an agreement (the “11/6/19 Agreement”) with Mid Atlantic Capital Associates, Inc. (“MACA”) pursuant to which MACA would acquire a controlling equity interest in the Company through certain transactions. By Letter Agreement dated December 7, 2020, (the “12/7/20 Agreement”), the 11/9/19 Agreement was replaced in full. The 12/7/20 Agreement provides that (i) the Company would assign a new note of the Company, of which $399,832 is principal and interest of $173,400 (the “Note”) to MACA; (ii) the Company will cancel certain preferred stock of the Company; (iii) that the Company would issue 550,000 restricted shares of common stock of the Company, valued at $275,000; (iv) the issuance of a convertible note for $40,753 to MACA in repayment of expenses paid by MACA (the “Expense Note”), and (v) the issuance of 500,000 shares of newly designated Series F Preferred Stock of the Company (the “Series F Stock) to MACA. Subsequently to the execution of the 12/7/20 Agreement, the Company and MACA amended some of the terms of the 12/7/20 Agreement by oral agreement.  Pursuant to such agreements, on December 9, 2020, the Company filed Certificates of Withdrawal with the Secretary of State of the State of Delaware to withdraw the Certificates of Designation for the Company’s Series B Convertible Preferred Stock, Series C Convertible Preferred Stock, Series D Preferred Stock and Series E Preferred Stock, as no shares of any such series of preferred stock remained outstanding. On December 10, 2020, the Company designated 1,000,000 shares of its preferred stock as the Series F Convertible Preferred Stock (the “Series F Stock”).  Each share of the Series F Stock is convertible into 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes. On December 11, 2020, all 1,000,000 shares of Series F Stock were issued and sold to MACA for total consideration of $100. Following this sale, MACA has the ability, through its ownership of Series F Stock, to elect directors of its choosing and thus is able to control the direction of the Company. The Series F Stock also participates in distributions with the common stock on an as-converted basis.  The shares of common stock as referenced in clause (iii) above were issued to Daniel Belanger as representative of certain current and prior shareholders, and the Note and the Expense Note were assigned or issued, as applicable as described above. In connection with these transactions, but prior to their full consummation, on February 21, 2020, Mikael Lundgren became the sole officer and director of the Company. 

Going forward, the Company will continue to identify and execute upon investment opportunities including medical equipment for the sanitation of medical devices and/or systems.

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has only generated minimal revenues since inception, has sustained operating losses since inception, and has a substantial accumulated deficit of $(44,372,922) at April 30, 2021. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company’s continuation as a going concern is dependent upon, among other things, its ability to generate revenues and its ability to obtain capital from third parties. No assurance can be given that the Company will be successful in these efforts.

Management plans to identify adequate sources of funding to provide operating capital for continued growth.

8

The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that (1) recorded transactions are valid; (2) valid transactions are recorded; and (3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Principals of Consolidation

The financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). The financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated.

Cash and Cash Equivalents

The Company accounts for cash and cash equivalents under FASB ASC 305, “Cash and Cash Equivalents”, and considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Convertible Instruments

The Company evaluates and account for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives and Hedging Activities.”

Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.

The Company accounts for convertible instruments (when it has been determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: The Company records when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption.

9

Deferred Income Taxes and Valuation Allowance

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at April 30, 2021 or 2020, respectively.

Financial Instruments

The Company’s balance sheet includes certain financial instruments: primarily accounts payable, accruals and debt obligations. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.

ASC 820, “Fair Value Measurements and Disclosures,” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
Level 2	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3	Inputs that are both significant to the fair value measurement and unobservable.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of April 30, 2021 and 2020. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.

The Company has embedded derivatives associated with its convertible debt of $184,382 measured at fair value at April 30, 2021.

		Identical Assets	Observable Inputs	Unobservable Inputs
	April 30, 2021	(Level 1)	(Level 2)	(Level 3)
Derivative liability				$	184,382
Total				$	184,382

10

The Company has embedded derivatives associated with its convertible debt of $184,832 measured at fair value at April 30, 2020.

		Quoted Prices in Active Markets for	Significant Other	Significant  Unobservable
		Identical Assets	Observable Inputs	Inputs
	April 30, 2020	(Level 1)	(Level 2)	(Level 3)
Derivative liability				$	184,832
Total				$	184,832

Related Parties

The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions.

Stock-Based Compensation

FASB ASC 718 “Compensation – Stock Compensation,” prescribes accounting and reporting standards for all stock-based payments award to employees, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights, may be classified as either equity or liabilities. The Company determines if a present obligation to settle the share-based payment transaction in cash or other assets exists. A present obligation to settle in cash or other assets exists if: (a) the option to settle by issuing equity instruments lacks commercial substance or (b) the present obligation is implied because of an entity’s past practices or stated policies. If a present obligation exists, the transaction should be recognized as a liability; otherwise, the transaction should be recognized as equity.

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50 “Equity – Based Payments to Non-Employees.” Measurement of share based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share based payment transaction is determined at the earlier of performance commitment date or performance completion date.

Recently Issued Accounting Pronouncements

There are various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Reclassifications

Certain prior year balances have been reclassified to conform to current year presentation.

Subsequent events

The Company evaluates subsequent events that have occurred after the balance sheet date but before the financial statements are issued (Note 11).

NOTE 4 – NOTE RECEIVABLE

On May 15, 2018, the Company sold 50% of its inventory to a third party through execution of a promissory note receivable totaling $15,000. The promissory note receivable carries zero interest, with a one-year term, and has no conversion rights.

11

Terms of the promissory note receivable were amended upon default by the borrower as of May 15, 2019; the original maturity date. The Company amended and extended the promissory note receivable’s maturity date to May 15, 2020 in effort to work with the borrower’s ability to repay the amount due us.

Subsequent to extending the promissory note’s maturity date, and upon several attempts to collect the outstanding obligation from borrower, the Company no longer considers it collectible. The Company has opted to elect to write-off this debt as a loss on settlement of note receivable on the statement of operations for the twelve months July 31, 2020.

As of April 30, 2021 and 2020, the promissory note receivable had an outstanding balance owed to the Company of $0 and $15,000, respectively.

NOTE 5 – ADVANCES

Prior to April 30, 2021, the Company was advanced approximately $119,386 by a former related party. The consideration advanced did not have any supporting paperwork, agreement, or formal documentation to substantiate an organized claim. Due to this, Management’s inability to substantiate the proper documentation associated with the advances described above, and lack of any collection effort(s) from outside party(s) or entity(s) asserting an interest in the consideration provided, the Company chose to write these advances off as a gain on extinguishment of debt for $5,495 and $45,746 during the fiscal years ended July 31, 2020 and 2019, respectively. During the nine month period ending April 30, 2021, the Company was advanced approximately $113,008 by related parties. The advances were used to pay various operating expenses during the nine months ended April 30, 2021. At April 30, 2021 and 2020, outstanding advances payable were $113,008 and $-0-, respectively.

NOTE 6 – CONVERTIBLE NOTES PAYABLE

On June 25, 2015, the Company issued a Convertible Promissory Note (“New Note”) to an investor for $399,832. The New Note succeeds two notes issued originally in September 2006, and it superseded the terms of the September 2006 Notes pursuant to an agreement dated June 25, 2015. Terms of the New Note provide for a conversion option into common shares at a discount of 20% off-market, a weighted average interest rate of approximately 7% annual interest (payable to investor), and an original maturity date of June 25, 2016; renewable by investor. As of July 31, 2020 and 2019, the New Note was in default. The New Note was re-issued in November 2020 with a new maturity date in 2021 (see Note 11). The balance of the New Note as of July 31, 2020 and 2019 was $399,832 at the end of both periods, respectively. On December 7, 2020 an agreement was reached that a new Company note, in which $399,832 of principal and $173,400 of interest would be combined. On December 16, 2020, the Company issued the Note in the principal amount of $573,232 to MACA. The Note bears interest at the rate 8% per annum and matures on December 16, 2023. Any amount of principal or interest on the Note that is not paid when due bears interest at the rate of 22% per annum. Pursuant to the terms of the Note, MACA has the right from time to time, and at any time during the period beginning on the date which is 180 days following December 16, 2020 and ending on the later of (i) the maturity date and (ii) the date of payment of the Default Amount (as defined in the Note), each in respect of the remaining outstanding amount of the Note to convert all or any part of the outstanding and unpaid amount of the Note into fully paid and non-assessable shares of the Company’s common stock, subject to, among other things, a 4.99% equity blocker. See Note 11for additional information regarding these Notes.

This New Note of $573,232 had an annual interest rate of 8% and a due date of December 16, 2023. Interest expense incurred for the nine months ending April 30, 2021 and July 31, 2020 on the New Note was $14,917 and $-0-, respectively.

On July 31, 2020 the Company entered into a Convertible Promissory Note with an investor in exchange for $40,573 cash consideration advanced incurred during the twelve months ended July 31, 2020 for operating expenses incurred during the period. Terms of the Convertible Promissory Note provide for a conversion option into common shares to the investor at a 20% discount off market, an 8% annual interest payable to investor, and a final maturity date of July 31, 2021; renewable by the lender. Balance of the Convertible Promissory Note as of April 30, 2021 and 2020 was $12,013 and $ -0-, respectively. Derivative expense and corresponding liability associated to this Convertible Promissory Note agreement was $40,573 and $0 for the six months ending and as of April 30, 2021 and 2020, respectively. Interest expense incurred during the nine months ended April 30, 2021 and 2020 on the Convertible Promissory Note was $18,849 and $19,123 respectively.

During the nine month period ending April 30, 2021, the Company received Cash Advances approximately $113,008 by related parties. The Cash Advances were used to pay various operating expenses during this period. At April 30, 2021 and 2020, outstanding advances payable were $113,008 and $-0-, respectively.

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NOTE 7 – INVENTORY

Contemporaneous with the change in management on February 21, 2020 and a new business strategy, the new management found it prudent to shed itself of the remaining inventory asset.

Considering that this technology-based asset is in excess of five years it was rendered nearly obsolete. In addition, based upon the non-collectability of the Note Receivable referenced in Note 4, representing the remaining 50% of the original asset acquired by the Company in 2014, management found it justifiable to remove the asset in its entirety as the asset was incapable of being valued in a justifiable manner.

Inventory totals as of April 30, 2021 and 2020 were $-0- and $-0-, respectively. Inventory is recorded at the lower of cost or fair market value.

NOTE 8 – RELATED PARTY TRANSACTIONS

For its corporate offices, the Company utilizes shared office space at 9440 Santa Monica Boulevard, Suite 301, Beverly Hills, California, 90210.

Mr. Mikael Lundgren sits on the board of directors as the Company’s sole director and also serves as the Company’s Chief Executive Officer and Chief Financial Officer. As compensation for his services we are accruing annual compensation of $120,000 as of March 1, 2020 at a rate of $10,000 per month. We will continue to accrue his compensation at a monthly rate of $10,000 going forward. Accrued compensation for the nine months ended April 30, 2021 and 2020 was $90,000 and $0, respectively.

NOTE 9 – SHAREHOLDERS’ EQUITY

The Company has 10,000,000,000 authorized common shares with a par value of $0.0001 per share. Each common share entitles the holder to one vote on any matter on which action of the stockholders of the corporation is sought.

There were 3,955,016 common shares issued and outstanding at April 30, 2021 and 2,805,016 at January 31, 2020, respectively. See Note 11.

Preferred Stock

The Company has 50,000,000 authorized preferred shares with a par value of $0.0001 per share. There are Preferred Series A, and Preferred Series F outstanding. At April 30, 2021 there were 120,000 Series A Preferred Shares issued and outstanding; and 1,000,000 Series F Preferred Shares issued and outstanding. See Note 11.

The Series A Preferred (“A Preferred”) were issued to a former officer/director who donated the A Preferred to a charity. The A Preferred has one vote for share of A Preferred being equal to the voting rights of common stock. The A Preferred is convertible on a one to one ratio, as aforesaid. Presently, the time to convert the A Preferred has elapsed so the A Preferred is basically without any value.

The 1,000,000 shares of Series F Preferred (“F Preferred”) has voting rights on an as converted basis. Each share of F Preferred has 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes. See Note 11 for the terms of the acquisition.

NOTE 10 – COMMITMENTS AND CONTINGENCIES

Litigation, claims and assessments

The Company may be involved in legal proceedings, claims and assessments arising in the ordinary course of business. Such matters are subject to many uncertainties, and outcomes are not predictable with assurance. There are no such matters as of April 30, 2021 or 2020, respectively.

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NOTE 11 – OTHER EVENTS

On November 23, 2019, an LOI (“LOI”) was signed by Sarkis Sarkissian , a holder of notes,  and Serge Mersillian, then President of the Company, to sell and/or transfer all outstanding convertible promissory notes then held by Mr. Sarkissian and the Series E Preferred Stock (“Series E”) held by The CH Mornas Foundation (“Mornas”) to Mid Atlantic Capital Associates, Inc. (“MACA”), in exchange for payment of $250,000.00. By Letter Agreement dated December 7, 2020 (the “12/7/20 Agreement”), the LOI was replaced in full. The 12/7/20 Agreement provides that (i) the Company would assign a new note of the Company, of which $399,832 is principal and interest of $173,400 (the “Note”) to MACA; (ii) the Company will cancel certain preferred stock of the Company; (iii) that the Company would issue 550,000 restricted shares of common stock of the Company, valued at $275,000; (iv) the issuance of a convertible note for $40,753 to MACA in repayment of expenses paid by MACA (the “Expense Note”), and (v) the issuance of 500,000 shares of newly designated Series F Preferred Stock of the Company (the “Series F Stock) to MACA. Subsequently to the execution of the 12/7/20 Agreement, the Company and MACA amended some of the terms of the 12/7/20 Agreement by oral agreement. Pursuant to such agreements, on December 9, 2020, the Company filed Certificates of Withdrawal with the Secretary of State of the State of Delaware to withdraw the Certificates of Designation for the Company’s Series B Convertible Preferred Stock, Series C Convertible Preferred Stock, Series D Preferred Stock and Series E Preferred Stock, as no shares of any such series of preferred stock remained outstanding. On December 10, 2020, the Company designated 1,000,000 shares of its preferred stock as the Series F Convertible Preferred Stock (the “Series F Stock”). Each share of the Series F Stock is convertible into 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes. On December 11, 2020, all 1,000,000 shares of Series F Stock were issued and sold to MACA for total consideration of $100. Following this sale, MACA has the ability, through its ownership of Series F Stock, to elect directors of its choosing and thus is able to control the direction of the Company. The Series F Stock also participates in distributions with the common stock on an as-converted basis. The shares of common stock as referenced in clause (iii) above were issued to Daniel Belanger as representative of certain current and prior shareholders, and the Note and the Expense Note were assigned or issued, as applicable as described above. In connection with these transactions, but prior to their full consummation, on February 21, 2020, Mikael Lundgren became the sole officer and director of the Company. 

The final transaction was consummated via the 12/7/20 Agreement, and executed by Daniel Belanger on behalf of Mr. Sarkissian. MACA and the Company believed at that time that Mr. Belanger had actual and apparent authority to execute the document on behalf of the transferor.  MACA paid the $250,000, as agreed and upon belief such funds were distributed to the beneficial note holders and owner of the Series E.

Through due diligence the Company and MACA believe that CH Mornas was the owner of the Series E, that CH Mornas had been dissolved and that its assets had effectively been abandoned. Accordingly, the Certificate of Determination for the Series E was withdrawn in the State of Delaware.   

Recently, Mr. Sarkissian and his lawyer, who is also the former attorney for the Company, contacted the company’s auditor and raised a claim that the notes and/or Series E were not properly transferred by the 12/7/20 Agreement and that Mr. Belanger lacked authority to sign such agreement.  No formal claim has been raised and if raised the Company and MACA believe, in light of all facts and circumstances, that it would be unfounded.  Moreover, if a formal claim is raised, the Company and MACA will address the matter through the appropriate courts of competent jurisdiction.  

To protect investors and shareholders, the Company intends to contact Mr. Sarkissian’s trustee in bankruptcy as Mr. Sarkissian did not list either the convertible notes or the Series E as assets in such proceedings. The Trustee may try to get involved with any assets determined to be owned by Mr. Sarkissian. In addition, the attorney representing Mr. Sarkissian is the Company’s former counsel and we intend to raise the issue of conflict. 

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NOTE 12 – SUBSEQUENT EVENTS

Effective as of March 8, 2021, Dr. Edward  White was appointed a director of the Company. He resigned on June 17, 2021. See the Company’s Form 8-K filed with the SEC on March 5, 2012 and its Form 8-K filed on June 21, 2021.

On May 1, 2021 the Company issued a convertible note in the principal amount of $161,841 covering Cash Advances (see Note 6) from related parties for the period August 1, 2020 through and including May 1, 2021.

With respect to the A Preferred described in Note 9 on page 13 hereof, the Company determined during due diligence for the KryptoBank share exchange transaction (see the Company’s 8-K filed June 21, 2021) that the former officer/director never made the donation of 120,000 shares to the charity, Safenet in Las Vegas, NV. Management spoke with the Safenet administrator who confirmed that no donation of W Tech shares were ever recorded and no such shares was ever given to them in any form at any time. Although the financial statements above show 120,000 Series A outstanding, there is no evidence whatsoever that those shares were ever issued. Accordingly, the Company’s Board authorized the filing on June 17, 2021 of a Certificate of Withdrawal of the Certificates of Designation for the Company’s A Preferred with the Security of State of the State of Delaware. This filing states that at the time of this filing , the Company determined that no Series A Preferred were outstanding, as aforesaid.

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Item 2.     MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS – OVERVIEW

FOR THE THREE MONTHS ENDED APRIL 30, 2021

TO

THE THREE MONTHS ENDED APRIL 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following presentation of management’s discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the Company’s consolidated financial statements, the accompanying notes thereto and other financial information appearing elsewhere in this Registration Statement. This section and other parts of this Registration Statement contain forward-looking statements that involve risks and uncertainties. The Company’s actual results may differ significantly from the results discussed in the forward-looking statements.

Overview

We were originally incorporated in Nevada in 1986. We reincorporated in Massachusetts in 1987 and reincorporated in Delaware in May 1996 as IMSCO Technologies, Inc. In 2001, we changed our name to Global Sports and Entertainment, Inc. In 2002, we changed our name to GWIN, Inc. We changed our name to Winning Edge International, Inc., in 2006 and in 2007 we changed our name to W Technologies, Inc.

In February 2020, as a result of a change in our management, we transitioned our business model to the sales and distribution of medical-related devices and supplies. On April 20, 2020, we executed a letter of intent for the exclusive global rights to a proprietary technology designed to remove viruses owned by a company located in Germany. After extensive and careful due diligence of the technology, on June 8, 2020, we announced that we decided not to proceed with this transaction and terminated the letter of intent. The Company is now exploring other opportunities.

On November 6, 2019, we entered into an agreement (the “11/6/19 Agreement”) with Mid Atlantic Capital Associates, Inc. (“MACA”) pursuant to which MACA would acquire a controlling equity interest in the Company through certain transactions. By Letter Agreement dated December 7, 2020 (the “12/7/20 Agreement”), the 11/6/19 Agreement was replaced in full. The 12/7/20 Agreement provides that (i) the Company would assign a new note of the Company, of which $399,832 is principal and interest of $173,400 (the “Note”) to MACA; (ii) the Company will cancel certain preferred stock of the Company; (iii) the Company would issue 550,000 restricted shares of common stock of the Company, valued at $275,000; (iv) the Company would issue a convertible note for $40,753 to MACA in repayment of expenses paid by MACA (the “Expense Note”), and (v) the Company would issue 500,000 shares of newly designated Series F Preferred Stock of the Company (the “Series F Stock”) to MACA. Subsequent to the execution of the 12/7/20 Agreement, the Company and MACA amended some of the terms of the 12/7/20 Agreement by oral agreement.  Pursuant to such agreements, on December 9, 2020, the Company filed Certificates of Withdrawal with the Secretary of State of the State of Delaware to withdraw the Certificates of Designation for the Company’s Series B Convertible Preferred Stock, Series C Convertible Preferred Stock, Series D Preferred Stock and Series E Preferred Stock, as no shares of any such series of preferred stock remained outstanding. On December 10, 2020, the Company designated 1,000,000 shares of its preferred stock as the Series F Convertible Preferred Stock (the “Series F Stock”).  Each share of the Series F Stock is convertible into 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes. On December 11, 2020, all 1,000,000 shares of Series F Stock were issued and sold to MACA for total consideration of $100. Following this sale, MACA has the ability, through its ownership of Series F Stock, to elect directors of its choosing and thus is able to control the direction of the Company. The Series F Stock also participates in distributions with the common stock on an as-converted basis.  The shares of common stock as referenced in clause (iii) above were issued to Daniel Belanger as representative of certain current and prior shareholders.

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On December 16, 2020, the Company issued the Note in the principal amount of $573,232 to MACA. The Note bears interest at the rate 8% per annum and matures on December 16, 2023. Any amount of principal or interest on the Note that is not paid when due bears interest at the rate of 22% per annum. Pursuant to the terms of the Note, MACA has the right from time to time, and at any time during the period beginning on the date which is 180 days following December 16, 2020 and ending on the later of (i) the maturity date and (ii) the date of payment of the Default Amount (as defined in the Note), each in respect of the remaining outstanding amount of the Note to convert all or any part of the outstanding and unpaid amount of the Note into fully paid and non-assessable shares of the Company’s common stock, subject to, among other things, a 4.99% equity blocker.

The Expense Note was issued, as described above. In connection with these transactions, but prior to their full consummation, on February 21, 2020, Mikael Lundgren became the sole officer and director of the Company.

Many states have enacted statutes, rules and regulations limiting the sale of securities of “blank check” companies in their respective jurisdictions. Management does not intend to undertake any efforts to cause a market to develop in our securities, either debt or equity, until we have successfully concluded a business combination. The Company intends to comply with the periodic reporting requirements of the Exchange Act for so long as it is subject to those requirements.

The Company is a shell company in that it has no or nominal operations and either no or nominal assets. At this time, the Company’s purpose is to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to it by persons or firms who or which desire to seek the perceived advantages of an Exchange Act registered corporation. The Company will not restrict its search to any specific business, industry, or geographical location and the Company may participate in a business venture of virtually any kind or nature. This discussion of the proposed business is purposefully general and is not meant to be restrictive of the Company’s virtually unlimited discretion to search for and enter into potential business opportunities.

Although there is no guarantee that a merger with a private, operating business would result in any benefit to our current or future shareholders, the Company believes there exists a potential benefit to the shareholders from the consummation of such a merger or acquisition. For example, our common stock may become more attractive to the financial community, resulting in an increased share price and/or greater liquidity. Moreover, if all of the preconditions of Rule 144 promulgated under the Securities Act of 1933 are met, including the introduction of an operating business, current restricted shareholders may be able to utilize Rule 144 for the sale of their shares. Currently, Rule 144 is not available as further described below in Risk Factors. There is no guarantee that any of these possible benefits will come to fruition.

Results of Operations and Known Trends or Future Events

At April 30, 2021 net working capital was ($1,131,027) as compared with ($851,509) at January31, 2020 a decrease of ($208,085). In the quarter ended April 30, 2021, funds used by the net loss of ($115,363) included: expenditures for legal and professional fees, interest and salaries. Funds were provided by short term advances by a shareholder and third party. The Company needs to obtain capital; however, no assurance can be given that it will be able to obtain this capital on acceptable terms, if at all. In such an event, this may have a materially adverse effect on the Company’s business, operating results and financial condition. If the need arises, the Company may attempt to obtain funding or pay expenses through the continued sale or issuance of restricted stock. The Company may also use various types of short term funding, related party advances and expenses payment deferrals and external loans. The Company’s auditors have issued a going concern opinion. Management is cautiously optimistic, however, that it will be able to generate the funding required to continue and expand its operations over the long term, and believes that it currently has cash reserves and cash commitments available to fund operations through the end of the year or longer.

For the quarterly period ended April 30, 2021 and fiscal year ended July 31, 2020, we have neither engaged in any operations nor generated any revenues. We will not generate any operating revenues until we are able to execute our business plan and secure the rights to offer products to the market. There has been no significant change in our financial and no material adverse change has occurred since the date of our audited financial statements.

Liquidity and Capital Resources

Our liquidity needs have been satisfied through the sale of convertible notes. On January 31, 2021, we issued a Convertible Promissory Note to an investor in exchange for $40,573 cash consideration advanced for operating expenses incurred during the twelve months ended July 31, 2020 for operating expenses incurred during the period. Terms of the Convertible Promissory Note provide for a conversion option into common shares to the investor at a 20% discount off market, an 8% annual interest payable to investor, and a final maturity date of July 31, 2021, renewable by the lender.

17

On January 31, 2021, we issued a Convertible Promissory Note to an investor in exchange for $43,890 cash consideration advanced for operating expenses incurred during the three months ended October 31, 2020 for operating expenses incurred during the period. Terms of the Convertible Promissory Note provide for a conversion option into common shares to the investor at a 20% discount off market, an 8% annual interest payable to investor, and a final maturity date of April 30, 2021, renewable by the lender. We will continue to require additional capital to pay operating expenses.

We will continue to require additional capital to pay operating expenses.

Going Concern

We have only generated minimal revenues since inception, have sustained operating losses since inception, and we have a substantial accumulated deficit of $(44,372,922) at April 30, 2021. These factors, among others, raise substantial doubt about our ability to continue as a going concern for a reasonable period of time. Our continuation as a going concern is dependent upon, among other things, its ability to generate revenues and its ability to obtain capital from third parties.

Off-balance Sheet Arrangements

We have not entered into any other financial guarantees or other commitments to guarantee the payment obligations of any third parties. We have not entered into any derivative contracts that are indexed to our shares and classified as shareholders’ equity or that are not reflected in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. We do not have any variable interest in any unconsolidated entity that provides financing, liquidity, market risk or credit support to us or engages in leasing, hedging or research and development services with us.

Critical Accounting Policies

Our discussion and analysis of our financial condition and results of operations are based upon our audited financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We continually evaluate our estimates, including those related to income taxes, and the valuation of equity transactions. We base our estimates on historical experience and on various other assumptions that we believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Any future changes to these estimates and assumptions could cause a material change to our reported amounts of revenues, expenses, assets and liabilities. Actual results may differ from these estimates under different assumptions or conditions.

PLAN OF OPERATIONS

Based on our current financial position, we cannot anticipate whether we will have sufficient working capital to sustain operations for the next year if we do not raise additional capital.  We will not, however, be able to reach our goals and projections for multistate expansion without a cash infusion.   We have been able to raise sufficient capital through the sale of our common shares and we have incurred substantial increases in debt from our trade creditors in the normal course of business.   Management will not expand the business until adequate working capital is provided.  Our ability to maintain sufficient liquidity is dependent on our ability to attain profitable operations or to raise additional capital. We have no anticipated timeline for obtaining neither additional financing nor the expansion of our business.  We will continue to keep our expenses as low as possible and keep our operations in line with available working capital as long as possible.  There is no guarantee that the Company will be able to obtain adequate capital from any sources, or at all.

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Item 3.     Quantitative and Qualitative Disclosures about Market Risk

Not Applicable to Smaller Reporting Companies.

Item 4.     Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures.

As of the end of the reporting period, April 30, 2021, we carried out an evaluation, under the supervision and with the participation of our management, including the Company’s Chairman, Chief Executive Officer/Principal Accounting Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rule 13a-15© of the Securities Exchange Act of 1934 (the “Exchange Act”), which disclosure controls and procedures are designed to insure that information required to be disclosed by a company in the reports that it files under the Exchange Act is recorded, processed, summarized and reported within required time periods specified by the SEC’s rules and forms. Based upon that evaluation, the Chairman/CEO and Chief Financial Officer concluded that our disclosure controls and procedures are not currently effective in timely alerting them to material information relating to the Company required to be included in the Company’s period SEC filings. The Company is attempting to expand such controls and procedures, however, due to a limited number of resources the complete segregation of duties is not currently in place.

(b) Changes in Internal Control.

Subsequent to the date of such evaluation as described in subparagraph (a) above, there were no changes in our internal controls or other factors that could significantly affect these controls, including any corrective action with regard to significant deficiencies and material weaknesses.

(c) Limitations.

Our management, including our Principal Executive Officer/Principal Financial Officer, does not expect that our disclosure controls or internal controls over financial reporting will prevent all errors or all instances of fraud. However, we believe that our disclosure controls and procedures are designed to provide reasonable assurance of achieving this objective. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the controls. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and any design may not succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures. Because of the inherent limitation of a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

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PART II – OTHER INFORMATION

Item 1.     Legal Proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, consolidated financial condition, or operating results.

Item 1A.  Risk Factors

Not Applicable.

Item 2.     Unregistered Sale of Equity Securities and Use of Proceeds

None

Item 3.     Defaults upon Senior Securities

None

Item 4.     Mine Safety Disclosures.

Not Applicable.

Item 5.     Other Information

Not Applicable.

Item 6. Exhibits

Exhibit No.	Description of Exhibit
31.1	Certification of Chief Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
31.2	Certifications of Chief Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certifications of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101 INS	XBRL, Instance Document
101 SCH	XBRL Taxonomy Extension Schema Document
101 CAL	XBRL Taxonomy Calculation Linkbase Document
101 DEF	XBRL Taxonomy Extension Definition Linkbase Document
101 LAB	XBRL Taxonomy Labels Linkbase Document
101 PRE	XBRL Taxonomy Presentation Linkbase Document

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report or amendment thereto to be signed on its behalf by the undersigned thereunto duly authorized.

In accordance with the Exchange Act, this report has been signed below by the following person on behalf of the Registrant and in the capacities and on the date indicated.

June 21, 2021

W TECHNOLOGIES, INC

/s/ Mikael Lundgren

Mikael Lundgren

Title: President &

Chief Executive Officer (CEO)

/s/ Mikael Lundgren

Mikael Lundgren

Chief Financial Officer (CFO)

Principal Accounting Officer (PAO)

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EX-31.1

Exhibit 31.1

Sarbanes-Oxley Act of 2002 CEO 302 CERTIFICATION PURSUANT TO RULE 13A-15(E)/15D-15(E)

Certification of the Chief Executive Officer

I, Mikael Lundgren, certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of W TECHNOLOGIES INC.

(2) Based on my knowledge, this Quarterly Report does not contain any untrue statement of a 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 Quarterly Report;

(3) Based on my knowledge, the financial statements and other financial information included in this Quarterly 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 Quarterly Report;

(4) The registrant’s other certifying officers and I are 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 15(d)-15(f)) for the registrant and have:

(a)      Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its subsidiaries, if any, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

(b)      Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our 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 our 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 changes 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) The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the registrant’s auditors and the audit committee of 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 material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 21, 2021	W TECHNOLOGIES, INC.
	By:	/s/ Mikael Lundgren
		Mikael Lundgren
		President & CEO

EX-31.2

Exhibit 31.2

Sarbanes-Oxley Act of 2002 CFO 302 CERTIFICATION PURSUANT TO RULE 13A-15(E)/15D-15(E)

Certification of the Chief Financial Officer

I, Mikael Lundgren, certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of W TECHNOLOGIES, INC.

(2) Based on my knowledge, this Quarterly Report does not contain any untrue statement of a 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 Quarterly Report;

(3) Based on my knowledge, the financial statements and other financial information included in this Quarterly 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 Quarterly Report;

(4) The registrant’s certifying officer is 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 15(d)-15(f)) for the registrant and have:

(a)      Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its subsidiaries, if any, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

(b)      Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our 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 our 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 changes 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) The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the registrant’s auditors and the audit committee of 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 material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 21, 2021	W TECHNOLOGIES, INC.
	By:	/s/ Mikael Lundgren
		Mikael Lundgren
		CFO & PAO

EX-32.1

Exhibit 32.1

Chief Executive Officer Certification (Section 906)

CERTIFICATION PURSUANT TO

18 U.S.C., SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to 18 U.S.C. Section 1350 (as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002), I, the undersigned Chief Executive Officer of a W TECHNOLOGIES, Inc., (the “Company”), hereby certify that, to the best of my knowledge, the Quarterly Report on Form 10-Q of the Company for the period ended April 30, 2021 (the “Report”) fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company. A signed original of this written statement required by Section 906 has been provided to the registrant and will be retained by it and furnished to the Securities and Exchange Commission or its staff upon request.

Dated: June 21, 2021
	W TECHNOLOGIES, INC.
	/s/ Mikael Lundgren
	Mikael Lundgren
	President & CEO

EX-32.2

Exhibit 32.2

Chief Financial Officer Certification (Section 906)

CERTIFICATION PURSUANT TO

18 U.S.C., SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to 18 U.S.C. Section 1350 (as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002), I, the undersigned Chief Financial Officer of W TECHNOLOGIES, Inc., (the “Company”), hereby certify that, to the best of my knowledge, the Quarterly Report on Form 10-Q of the Company for the period ended April 30, 2021 (the “Report”) fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company. A signed original of this written statement required by Section 906 has been provided to the registrant and will be retained by it and furnished to the Securities and Exchange Commission or its staff upon request.

Dated: June 21, 2021
	W TECHNOLOGIES, INC.
	/s/ Mikael Lundgren
	Mikael Lundgren
	Chief Financial Officer

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Document And Entity Information - shares	9 Months Ended
	Apr. 30, 2021	Jun. 21, 2021
Document Information Line Items
Entity Registrant Name	W TECHNOLOGIES, INC.
Document Type	10-Q
Current Fiscal Year End Date	--07-31
Entity Common Stock, Shares Outstanding		3,955,016
Amendment Flag	false
Entity Central Index Key	0000924396
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Apr. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes

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CONSOLIDATED BALANCE SHEETS - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Current Assets:
Cash	$ 0	$ 0
Total Current Assets	0	0
TOTAL ASSETS	0	0
Current Liabilities:
Accrued Expenses	143,500	50,000
Accrued Interest Payable	32,429	176,722
Note Payable	43,903	0
Convertible Notes Payable (Note 6)	613,805	440,405
Shareholder Advances ( Note 5)	113,008	0
Derivative Liability	184,382	184,382
Total Current Liabilities	1,131,027	851,509
TOTAL LIABILITIES	1,131,027	851,509
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred Stock	12	12
Common Stock, $.0001 par value 10,000,000,000 shares authorized 3,955,016 Issued and Outstanding at April 30, 2021 and 2,805,016 at July 31, 2020.	396	281
Additional paid-in-capital	43,291,637	43,291,637
Treasury Stock	(50,250)	(50,250)
Accumulated deficit	(44,372,922)	(44,095,689)
Total Stockholders’ Equity (Deficit)	(1,131,027)	(851,509)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	0	0
Series E Preferred Stock [Member]
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred Stock		$ 2,500
Series F Preferred Stock [Member]
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred Stock	$ 100

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CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Apr. 30, 2021	Dec. 11, 2020	Dec. 10, 2020	Dec. 07, 2020	Jul. 31, 2020	Jan. 31, 2020
Preferred Stock , shares Issued	120,000				120,000
Preferred Stock , shares Outstanding	120,000				120,000
Preferred Stock , par value (in Dollars per share)	$ 0.0001				$ 0.0001
Preferred Stock , shares authorized	50,000,000				50,000,000
Common stock, shares issued	3,955,016				2,805,016
Common stock, shares outstanding	3,955,016				2,805,016	2,805,016
Common Stock, par value (in Dollars per share)	$ 0.0001				$ 0.0001
Common Stock, shares authorized	10,000,000,000				10,000,000,000
Series E Preferred Stock [Member]
Preferred Stock , shares Issued	0				25,000,000
Preferred Stock , shares Outstanding	0				25,000,000
Series F Preferred Stock [Member]
Preferred Stock , shares Issued	1,000,000	1,000,000		1,000,000	0
Preferred Stock , shares Outstanding	1,000,000				0
Preferred Stock , shares authorized			1,000,000

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
OPERATING EXPENSES:
Bad Debt Expense	$ 0	$ 15,000	$ 0	$ 15,000
Stock based compensation	60	0	60	0
General & Administrative expenses	2,979	0	5,714	3,025
Computer Systems	3,722	0	13,327	0
Legal Fees	11,685	0	71,499	0
Officer Compensation	30,000	0	90,000	0
Professional Fees	14,051	0	50,196	2,469
Travel & Entertainment	0	0	13,357	0
Transfer Agent Fees	1,069	0	4,388	0
Telephone	67	0	1,984	0
Total Operating expenses	63,633	15,000	250,525	20,494
NET OPERATING INCOME/ (LOSS)	(63,633)	(15,000)	(250,525)	(20,494)
OTHER INCOME/(EXPENSES)
Finance and interest fees	(7,858)	(9,602)	(28,707)	(28,725)
Total other Income/(Expense)	(7,858)	(9,602)	(28,707)	(28,725)
NET INCOME/ (LOSS)	$ (71,492)	$ (24,602)	$ (279,232)	$ (49,219)
Basic and Diluted Income/( Loss) per Common Share (in Dollars per share)	$ (0.01807)	$ (0.00877)	$ (0.07009)	$ (0.01755)
Weighted Average Number of Common Shares Outstanding (in Shares)	3,955,016	2,805,016	3,955,016	2,805,016

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended			9 Months Ended		12 Months Ended
	Apr. 30, 2021	Oct. 31, 2020	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2020	Jul. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (71,492)	$ (90,378)	$ (24,602)	$ (279,232)	$ (49,219)	$ (165,248)	$ (178,714)
Adjustments to reconcile net loss to net cash provided
Issuance of common stock for services				115	0
By operating activities:
(Increase)/ decrease in accounts receivables				0	15,000
Increase/ (decrease) in accrued expenses				93,500	5,495
Increase/ (decrease) in accrued interest payable				(144,694)	28,724
Net cash used in operating activities				(330,311)	0
Net cash provided by (used in) investing activities				0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible notes payable				43,903	0
Interest included in convertible note payable				173,400	0
Proceeds from Shareholder Advances				113,008	0
Net cash provided by (used in) financing activities				330,311	0
Net increase (decrease) in cash and cash equivalents				0	0
Cash and cash equivalents - beginning of period		$ 0		0	0	0
Cash and cash equivalents - end of period	$ 0		$ 0	$ 0	$ 0	$ 0	$ 0

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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS DEFICIT - USD ($)	Series A Preferred Stock [Member] Preferred Stock [Member]	Series E Preferred Stock [Member] Preferred Stock [Member]	Series F Preferred Stock [Member] Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Total
Balance at Jul. 31, 2018	$ 12	$ 2,500		$ 281	$ 43,291,637	$ (50,250)	$ (43,751,727)	$ (507,547)
Balance (in Shares) at Jul. 31, 2018	120,000	25,000,000		2,805,016
Net Income/(Loss)							(178,714)	(178,714)
Balance at Jul. 31, 2019	$ 12	$ 2,500		$ 281	43,291,637	(50,250)	(43,930,441)	(686,261)
Balance (in Shares) at Jul. 31, 2019	120,000	25,000,000		2,805,016
Net Income/(Loss)							(165,248)	(165,248)
Balance at Jul. 31, 2020	$ 12	$ 2,500		$ 281	43,291,637	(50,250)	(44,095,689)	(851,509)
Balance (in Shares) at Jul. 31, 2020	120,000	25,000,000		2,805,016
Net Income/(Loss)							(90,378)	(90,378)
Balance at Oct. 31, 2020	$ 12	$ 2,500		$ 281	43,291,637	(50,250)	(44,186,067)	(941,887)
Balance (in Shares) at Oct. 31, 2020	120,000	25,000,000		2,805,016
Balance at Jul. 31, 2020	$ 12	$ 2,500		$ 281	43,291,637	(50,250)	(44,095,689)	(851,509)
Balance (in Shares) at Jul. 31, 2020	120,000	25,000,000		2,805,016
Net Income/(Loss)								(279,232)
Balance at Apr. 30, 2021	$ 12	$ 0	$ 100	$ 396	43,291,637	(50,250)	(44,372,922)	(1,131,027)
Balance (in Shares) at Apr. 30, 2021	120,000	0	1,000,000	3,955,016
Balance at Oct. 31, 2020	$ 12	$ 2,500		$ 281	43,291,637	(50,250)	(44,186,067)	(941,887)
Balance (in Shares) at Oct. 31, 2020	120,000	25,000,000		2,805,016
Issuance of Common Shares for services				$ 55			55	55
Issuance of Common Shares for services (in Shares)				550,000
Preferred shares cancelled		$ (2,500)					(2,500)	(2,500)
Preferred shares cancelled (in Shares)		(25,000,000)
Sale of Preferred shares			$ 100				100	100
Sale of Preferred shares (in Shares)			1,000,000
Net Income/(Loss)							(115,363)	(115,363)
Balance at Jan. 31, 2021	$ 12	$ 0	$ 100	$ 336	43,291,637	(50,250)	(44,301,430)	(1,059,595)
Balance (in Shares) at Jan. 31, 2021	120,000	0	1,000,000	3,355,016
Issuance of Common Shares for services				$ 60				60
Issuance of Common Shares for services (in Shares)				600,000
Net Income/(Loss)							(71,492)	(71,492)
Balance at Apr. 30, 2021	$ 12	$ 0	$ 100	$ 396	$ 43,291,637	$ (50,250)	$ (44,372,922)	$ (1,131,027)
Balance (in Shares) at Apr. 30, 2021	120,000	0	1,000,000	3,955,016

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ORGANIZATION AND BUSINESS

9 Months Ended

Apr. 30, 2021

Accounting Policies [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

NOTE 1 – ORGANIZATION AND BUSINESS

W Technologies, (the "Company") was incorporated in the State of Nevada in 1986 as IMSCO Technologies. We reincorporated in Massachusetts in 1987 and then we reincorporated in Delaware in 1996. In 2001 we changed our name to Global Sports and Entertainment, Inc. On August 22, 2002 we changed our name to GWIN, Inc. Then on September 22, 2006 we changed our name to Winning Edge International, Inc. On October 2, 2007 we became W Technologies, Inc.

The Company transitioned its business model to the sales and distribution of medical-related devices and supplies. A change in our management initiated this change in our business model in February 2020. On April 20, 2020, the Company received a proposed Letter of Intent for the exclusive and global rights to a proprietary technology designed to remove viruses. After extensive and careful due diligence of the German company warranting the technology of the devices, on June 8, 2020, the Company announced that it decided not to proceed with this transactions.

On November 6, 2019, we entered into an agreement (the “11/6/19 Agreement”) with Mid Atlantic Capital Associates, Inc. (“MACA”) pursuant to which MACA would acquire a controlling equity interest in the Company through certain transactions. By Letter Agreement dated December 7, 2020, (the “12/7/20 Agreement”), the 11/9/19 Agreement was replaced in full. The 12/7/20 Agreement provides that (i) the Company would assign a new note of the Company, of which $399,832 is principal and interest of $173,400 (the “Note”) to MACA; (ii) the Company will cancel certain preferred stock of the Company; (iii) that the Company would issue 550,000 restricted shares of common stock of the Company, valued at $275,000; (iv) the issuance of a convertible note for $40,753 to MACA in repayment of expenses paid by MACA (the “Expense Note”), and (v) the issuance of 500,000 shares of newly designated Series F Preferred Stock of the Company (the “Series F Stock) to MACA. Subsequently to the execution of the 12/7/20 Agreement, the Company and MACA amended some of the terms of the 12/7/20 Agreement by oral agreement.  Pursuant to such agreements, on December 9, 2020, the Company filed Certificates of Withdrawal with the Secretary of State of the State of Delaware to withdraw the Certificates of Designation for the Company’s Series B Convertible Preferred Stock, Series C Convertible Preferred Stock, Series D Preferred Stock and Series E Preferred Stock, as no shares of any such series of preferred stock remained outstanding. On December 10, 2020, the Company designated 1,000,000 shares of its preferred stock as the Series F Convertible Preferred Stock (the “Series F Stock”).  Each share of the Series F Stock is convertible into 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes. On December 11, 2020, all 1,000,000 shares of Series F Stock were issued and sold to MACA for total consideration of $100. Following this sale, MACA has the ability, through its ownership of Series F Stock, to elect directors of its choosing and thus is able to control the direction of the Company. The Series F Stock also participates in distributions with the common stock on an as-converted basis.  The shares of common stock as referenced in clause (iii) above were issued to Daniel Belanger as representative of certain current and prior shareholders, and the Note and the Expense Note were assigned or issued, as applicable as described above. In connection with these transactions, but prior to their full consummation, on February 21, 2020, Mikael Lundgren became the sole officer and director of the Company. 

Going forward, the Company will continue to identify and execute upon investment opportunities including medical equipment for the sanitation of medical devices and/or systems.

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GOING CONCERN

9 Months Ended

Apr. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Substantial Doubt about Going Concern [Text Block]

NOTE 2 – GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has only generated minimal revenues since inception, has sustained operating losses since inception, and has a substantial accumulated deficit of $(44,372,922) at April 30, 2021. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period of time. The Company’s continuation as a going concern is dependent upon, among other things, its ability to generate revenues and its ability to obtain capital from third parties. No assurance can be given that the Company will be successful in these efforts.

Management plans to identify adequate sources of funding to provide operating capital for continued growth.

The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Apr. 30, 2021

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that (1) recorded transactions are valid; (2) valid transactions are recorded; and (3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Principals of Consolidation

The financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). The financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated.

Cash and Cash Equivalents

The Company accounts for cash and cash equivalents under FASB ASC 305, “Cash and Cash Equivalents”, and considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Convertible Instruments

The Company evaluates and account for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives and Hedging Activities.”

Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.

The Company accounts for convertible instruments (when it has been determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: The Company records when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption.

Deferred Income Taxes and Valuation Allowance

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at April 30, 2021 or 2020, respectively.

Financial Instruments

The Company’s balance sheet includes certain financial instruments: primarily accounts payable, accruals and debt obligations. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.

ASC 820, “Fair Value Measurements and Disclosures,” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
Level 2	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3	Inputs that are both significant to the fair value measurement and unobservable.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of April 30, 2021 and 2020. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.

The Company has embedded derivatives associated with its convertible debt of $184,382 measured at fair value at April 30, 2021.

		Identical Assets	Observable Inputs	Unobservable Inputs
	April 30, 2021	(Level 1)	(Level 2)	(Level 3)
Derivative liability				$	184,382
Total				$	184,382

The Company has embedded derivatives associated with its convertible debt of $184,832 measured at fair value at April 30, 2020.

		Quoted Prices in Active Markets for	Significant Other	Significant  Unobservable
		Identical Assets	Observable Inputs	Inputs
	April 30, 2020	(Level 1)	(Level 2)	(Level 3)
Derivative liability				$	184,832
Total				$	184,832

Related Parties

The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions.

Stock-Based Compensation

FASB ASC 718 “Compensation – Stock Compensation,” prescribes accounting and reporting standards for all stock-based payments award to employees, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights, may be classified as either equity or liabilities. The Company determines if a present obligation to settle the share-based payment transaction in cash or other assets exists. A present obligation to settle in cash or other assets exists if: (a) the option to settle by issuing equity instruments lacks commercial substance or (b) the present obligation is implied because of an entity’s past practices or stated policies. If a present obligation exists, the transaction should be recognized as a liability; otherwise, the transaction should be recognized as equity.

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50 “Equity – Based Payments to Non-Employees.” Measurement of share based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share based payment transaction is determined at the earlier of performance commitment date or performance completion date.

Recently Issued Accounting Pronouncements

There are various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Reclassifications

Certain prior year balances have been reclassified to conform to current year presentation.

Subsequent events

The Company evaluates subsequent events that have occurred after the balance sheet date but before the financial statements are issued (Note 11).

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NOTE RECEIVABLE

9 Months Ended

Apr. 30, 2021

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 4 – NOTE RECEIVABLE

On May 15, 2018, the Company sold 50% of its inventory to a third party through execution of a promissory note receivable totaling $15,000. The promissory note receivable carries zero interest, with a one-year term, and has no conversion rights.

Terms of the promissory note receivable were amended upon default by the borrower as of May 15, 2019; the original maturity date. The Company amended and extended the promissory note receivable’s maturity date to May 15, 2020 in effort to work with the borrower’s ability to repay the amount due us.

Subsequent to extending the promissory note’s maturity date, and upon several attempts to collect the outstanding obligation from borrower, the Company no longer considers it collectible. The Company has opted to elect to write-off this debt as a loss on settlement of note receivable on the statement of operations for the twelve months July 31, 2020.

As of April 30, 2021 and 2020, the promissory note receivable had an outstanding balance owed to the Company of $0 and $15,000, respectively.

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ADVANCES

9 Months Ended

Apr. 30, 2021

Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]

Other Liabilities Disclosure [Text Block]

NOTE 5 – ADVANCES

Prior to April 30, 2021, the Company was advanced approximately $119,386 by a former related party. The consideration advanced did not have any supporting paperwork, agreement, or formal documentation to substantiate an organized claim. Due to this, Management’s inability to substantiate the proper documentation associated with the advances described above, and lack of any collection effort(s) from outside party(s) or entity(s) asserting an interest in the consideration provided, the Company chose to write these advances off as a gain on extinguishment of debt for $5,495 and $45,746 during the fiscal years ended July 31, 2020 and 2019, respectively. During the nine month period ending April 30, 2021, the Company was advanced approximately $113,008 by related parties. The advances were used to pay various operating expenses during the nine months ended April 30, 2021. At April 30, 2021 and 2020, outstanding advances payable were $113,008 and $-0-, respectively.

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CONVERTIBLE NOTES PAYABLE

9 Months Ended

Apr. 30, 2021

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

NOTE 6 – CONVERTIBLE NOTES PAYABLE

On June 25, 2015, the Company issued a Convertible Promissory Note (“New Note”) to an investor for $399,832. The New Note succeeds two notes issued originally in September 2006, and it superseded the terms of the September 2006 Notes pursuant to an agreement dated June 25, 2015. Terms of the New Note provide for a conversion option into common shares at a discount of 20% off-market, a weighted average interest rate of approximately 7% annual interest (payable to investor), and an original maturity date of June 25, 2016; renewable by investor. As of July 31, 2020 and 2019, the New Note was in default. The New Note was re-issued in November 2020 with a new maturity date in 2021 (see Note 11). The balance of the New Note as of July 31, 2020 and 2019 was $399,832 at the end of both periods, respectively. On December 7, 2020 an agreement was reached that a new Company note, in which $399,832 of principal and $173,400 of interest would be combined. On December 16, 2020, the Company issued the Note in the principal amount of $573,232 to MACA. The Note bears interest at the rate 8% per annum and matures on December 16, 2023. Any amount of principal or interest on the Note that is not paid when due bears interest at the rate of 22% per annum. Pursuant to the terms of the Note, MACA has the right from time to time, and at any time during the period beginning on the date which is 180 days following December 16, 2020 and ending on the later of (i) the maturity date and (ii) the date of payment of the Default Amount (as defined in the Note), each in respect of the remaining outstanding amount of the Note to convert all or any part of the outstanding and unpaid amount of the Note into fully paid and non-assessable shares of the Company’s common stock, subject to, among other things, a 4.99% equity blocker. See Note 11for additional information regarding these Notes.

This New Note of $573,232 had an annual interest rate of 8% and a due date of December 16, 2023. Interest expense incurred for the nine months ending April 30, 2021 and July 31, 2020 on the New Note was $14,917 and $-0-, respectively.

On July 31, 2020 the Company entered into a Convertible Promissory Note with an investor in exchange for $40,573 cash consideration advanced incurred during the twelve months ended July 31, 2020 for operating expenses incurred during the period. Terms of the Convertible Promissory Note provide for a conversion option into common shares to the investor at a 20% discount off market, an 8% annual interest payable to investor, and a final maturity date of July 31, 2021; renewable by the lender. Balance of the Convertible Promissory Note as of April 30, 2021 and 2020 was $12,013 and $ -0-, respectively. Derivative expense and corresponding liability associated to this Convertible Promissory Note agreement was $40,573 and $0 for the six months ending and as of April 30, 2021 and 2020, respectively. Interest expense incurred during the nine months ended April 30, 2021 and 2020 on the Convertible Promissory Note was $18,849 and $19,123 respectively.

During the nine month period ending April 30, 2021, the Company received Cash Advances approximately $113,008 by related parties. The Cash Advances were used to pay various operating expenses during this period. At April 30, 2021 and 2020, outstanding advances payable were $113,008 and $-0-, respectively.

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INVENTORY

9 Months Ended

Apr. 30, 2021

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

NOTE 7 – INVENTORY

Contemporaneous with the change in management on February 21, 2020 and a new business strategy, the new management found it prudent to shed itself of the remaining inventory asset.

Considering that this technology-based asset is in excess of five years it was rendered nearly obsolete. In addition, based upon the non-collectability of the Note Receivable referenced in Note 4, representing the remaining 50% of the original asset acquired by the Company in 2014, management found it justifiable to remove the asset in its entirety as the asset was incapable of being valued in a justifiable manner.

Inventory totals as of April 30, 2021 and 2020 were $-0- and $-0-, respectively. Inventory is recorded at the lower of cost or fair market value.

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RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2021

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 8 – RELATED PARTY TRANSACTIONS

For its corporate offices, the Company utilizes shared office space at 9440 Santa Monica Boulevard, Suite 301, Beverly Hills, California, 90210.

Mr. Mikael Lundgren sits on the board of directors as the Company’s sole director and also serves as the Company’s Chief Executive Officer and Chief Financial Officer. As compensation for his services we are accruing annual compensation of $120,000 as of March 1, 2020 at a rate of $10,000 per month. We will continue to accrue his compensation at a monthly rate of $10,000 going forward. Accrued compensation for the nine months ended April 30, 2021 and 2020 was $90,000 and $0, respectively.

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SHAREHOLDERS' EQUITY

9 Months Ended

Apr. 30, 2021

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 9 – SHAREHOLDERS’ EQUITY

The Company has 10,000,000,000 authorized common shares with a par value of $0.0001 per share. Each common share entitles the holder to one vote on any matter on which action of the stockholders of the corporation is sought.

There were 3,955,016 common shares issued and outstanding at April 30, 2021 and 2,805,016 at January 31, 2020, respectively. See Note 11.

Preferred Stock

The Company has 50,000,000 authorized preferred shares with a par value of $0.0001 per share. There are Preferred Series A, and Preferred Series F outstanding. At April 30, 2021 there were 120,000 Series A Preferred Shares issued and outstanding; and 1,000,000 Series F Preferred Shares issued and outstanding. See Note 11.

The Series A Preferred (“A Preferred”) were issued to a former officer/director who donated the A Preferred to a charity. The A Preferred has one vote for share of A Preferred being equal to the voting rights of common stock. The A Preferred is convertible on a one to one ratio, as aforesaid. Presently, the time to convert the A Preferred has elapsed so the A Preferred is basically without any value.

The 1,000,000 shares of Series F Preferred (“F Preferred”) has voting rights on an as converted basis. Each share of F Preferred has 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes. See Note 11 for the terms of the acquisition.

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COMMITMENTS AND CONTINGENCIES

9 Months Ended

Apr. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 10 – COMMITMENTS AND CONTINGENCIES

Litigation, claims and assessments

The Company may be involved in legal proceedings, claims and assessments arising in the ordinary course of business. Such matters are subject to many uncertainties, and outcomes are not predictable with assurance. There are no such matters as of April 30, 2021 or 2020, respectively.

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OTHER EVENTS

9 Months Ended

Apr. 30, 2021

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

NOTE 11 – OTHER EVENTS

On November 23, 2019, an LOI (“LOI”) was signed by Sarkis Sarkissian , a holder of notes,  and Serge Mersillian, then President of the Company, to sell and/or transfer all outstanding convertible promissory notes then held by Mr. Sarkissian and the Series E Preferred Stock (“Series E”) held by The CH Mornas Foundation (“Mornas”) to Mid Atlantic Capital Associates, Inc. (“MACA”), in exchange for payment of $250,000.00. By Letter Agreement dated December 7, 2020 (the “12/7/20 Agreement”), the LOI was replaced in full. The 12/7/20 Agreement provides that (i) the Company would assign a new note of the Company, of which $399,832 is principal and interest of $173,400 (the “Note”) to MACA; (ii) the Company will cancel certain preferred stock of the Company; (iii) that the Company would issue 550,000 restricted shares of common stock of the Company, valued at $275,000; (iv) the issuance of a convertible note for $40,753 to MACA in repayment of expenses paid by MACA (the “Expense Note”), and (v) the issuance of 500,000 shares of newly designated Series F Preferred Stock of the Company (the “Series F Stock) to MACA. Subsequently to the execution of the 12/7/20 Agreement, the Company and MACA amended some of the terms of the 12/7/20 Agreement by oral agreement. Pursuant to such agreements, on December 9, 2020, the Company filed Certificates of Withdrawal with the Secretary of State of the State of Delaware to withdraw the Certificates of Designation for the Company’s Series B Convertible Preferred Stock, Series C Convertible Preferred Stock, Series D Preferred Stock and Series E Preferred Stock, as no shares of any such series of preferred stock remained outstanding. On December 10, 2020, the Company designated 1,000,000 shares of its preferred stock as the Series F Convertible Preferred Stock (the “Series F Stock”). Each share of the Series F Stock is convertible into 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes. On December 11, 2020, all 1,000,000 shares of Series F Stock were issued and sold to MACA for total consideration of $100. Following this sale, MACA has the ability, through its ownership of Series F Stock, to elect directors of its choosing and thus is able to control the direction of the Company. The Series F Stock also participates in distributions with the common stock on an as-converted basis. The shares of common stock as referenced in clause (iii) above were issued to Daniel Belanger as representative of certain current and prior shareholders, and the Note and the Expense Note were assigned or issued, as applicable as described above. In connection with these transactions, but prior to their full consummation, on February 21, 2020, Mikael Lundgren became the sole officer and director of the Company. 

The final transaction was consummated via the 12/7/20 Agreement, and executed by Daniel Belanger on behalf of Mr. Sarkissian. MACA and the Company believed at that time that Mr. Belanger had actual and apparent authority to execute the document on behalf of the transferor.  MACA paid the $250,000, as agreed and upon belief such funds were distributed to the beneficial note holders and owner of the Series E.

Through due diligence the Company and MACA believe that CH Mornas was the owner of the Series E, that CH Mornas had been dissolved and that its assets had effectively been abandoned. Accordingly, the Certificate of Determination for the Series E was withdrawn in the State of Delaware.   

Recently, Mr. Sarkissian and his lawyer, who is also the former attorney for the Company, contacted the company’s auditor and raised a claim that the notes and/or Series E were not properly transferred by the 12/7/20 Agreement and that Mr. Belanger lacked authority to sign such agreement.  No formal claim has been raised and if raised the Company and MACA believe, in light of all facts and circumstances, that it would be unfounded.  Moreover, if a formal claim is raised, the Company and MACA will address the matter through the appropriate courts of competent jurisdiction.  

To protect investors and shareholders, the Company intends to contact Mr. Sarkissian’s trustee in bankruptcy as Mr. Sarkissian did not list either the convertible notes or the Series E as assets in such proceedings. The Trustee may try to get involved with any assets determined to be owned by Mr. Sarkissian. In addition, the attorney representing Mr. Sarkissian is the Company’s former counsel and we intend to raise the issue of conflict. 

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SUBSEQUENT EVENTS

9 Months Ended

Apr. 30, 2021

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 12 – SUBSEQUENT EVENTS

Effective as of March 8, 2021, Dr. Edward  White was appointed a director of the Company. He resigned on June 17,2021. See the Company’s Form 8-K filed with the SEC on March 5, 2012 and its  Form 8-K filed on June 21, 2021.

On May 1, 2021 the Company issued a convertible note in the principal amount of $161,841 covering Cash Advances (see Note 6) from related parties for the period August 1, 2020 through and including May 1, 2021.

With respect to the A Preferred described in Note 9 on page 13 hereof, the Company determined during due diligence for the KryptoBank share exchange transaction (see the Company’s 8-K filed June 21, 2021) that the former officer/director never made the donation of 120,000 shares to the charity, Safenet in Las Vegas, NV. Management spoke with the Safenet administrator who confirmed that no donation of W Tech shares were ever recorded and no such shares was ever given to them in any form at any time. Although the financial statements above show 120,000 Series A outstanding, there is no evidence whatsoever that those shares were ever issued. Accordingly, the Company’s Board authorized the filing on June 17, 2021 of a Certificate of Withdrawal of the Certificates of Designation for the Company’s A Preferred with the Security of State of the State of Delaware. This filing states that at the time of this filing , the Company determined that no Series A Preferred were outstanding, as aforesaid.

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Accounting Policies, by Policy (Policies)

9 Months Ended

Apr. 30, 2021

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that (1) recorded transactions are valid; (2) valid transactions are recorded; and (3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Consolidation, Policy [Policy Text Block]

Principals of Consolidation

The financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP). The financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

The Company accounts for cash and cash equivalents under FASB ASC 305, “Cash and Cash Equivalents”, and considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Derivatives, Policy [Policy Text Block]

Convertible Instruments

The Company evaluates and account for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives and Hedging Activities.”

Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.

The Company accounts for convertible instruments (when it has been determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: The Company records when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption.

Income Tax, Policy [Policy Text Block]

Deferred Income Taxes and Valuation Allowance

The Company accounts for income taxes under ASC 740 Income Taxes. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized at April 30, 2021 or 2020, respectively.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Financial Instruments

The Company’s balance sheet includes certain financial instruments: primarily accounts payable, accruals and debt obligations. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.

ASC 820, “Fair Value Measurements and Disclosures,” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.
Level 2	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
Level 3	Inputs that are both significant to the fair value measurement and unobservable.

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of April 30, 2021 and 2020. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.

The Company has embedded derivatives associated with its convertible debt of $184,382 measured at fair value at April 30, 2021.

		Identical Assets	Observable Inputs	Unobservable Inputs
	April 30, 2021	(Level 1)	(Level 2)	(Level 3)
Derivative liability				$	184,382
Total				$	184,382

The Company has embedded derivatives associated with its convertible debt of $184,832 measured at fair value at April 30, 2020.

		Quoted Prices in Active Markets for	Significant Other	Significant  Unobservable
		Identical Assets	Observable Inputs	Inputs
	April 30, 2020	(Level 1)	(Level 2)	(Level 3)
Derivative liability				$	184,832
Total				$	184,832

Related Party, Policy [Policy Text Block]

Related Parties

The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions.

Share-based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

FASB ASC 718 “Compensation – Stock Compensation,” prescribes accounting and reporting standards for all stock-based payments award to employees, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights, may be classified as either equity or liabilities. The Company determines if a present obligation to settle the share-based payment transaction in cash or other assets exists. A present obligation to settle in cash or other assets exists if: (a) the option to settle by issuing equity instruments lacks commercial substance or (b) the present obligation is implied because of an entity’s past practices or stated policies. If a present obligation exists, the transaction should be recognized as a liability; otherwise, the transaction should be recognized as equity.

The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50 “Equity – Based Payments to Non-Employees.” Measurement of share based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share based payment transaction is determined at the earlier of performance commitment date or performance completion date.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Pronouncements

There are various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Reclassification, Comparability Adjustment [Policy Text Block]

Reclassifications

Certain prior year balances have been reclassified to conform to current year presentation

Subsequent Events, Policy [Policy Text Block]

Subsequent events

The Company evaluates subsequent events that have occurred after the balance sheet date but before the financial statements are issued (Note 11).

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Apr. 30, 2021

Accounting Policies [Abstract]

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block]

		Identical Assets	Observable Inputs	Unobservable Inputs
	April 30, 2021	(Level 1)	(Level 2)	(Level 3)
Derivative liability				$	184,382
Total				$	184,382

		Quoted Prices in Active Markets for	Significant Other	Significant  Unobservable
		Identical Assets	Observable Inputs	Inputs
	April 30, 2020	(Level 1)	(Level 2)	(Level 3)
Derivative liability				$	184,832
Total				$	184,832

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ORGANIZATION AND BUSINESS (Details) - USD ($)	Dec. 11, 2020	Dec. 10, 2020	Dec. 07, 2020	Apr. 30, 2021	Jul. 31, 2020
ORGANIZATION AND BUSINESS (Details) [Line Items]
Preferred Stock, Shares Authorized (in Shares)				50,000,000	50,000,000
Preferred Stock, Shares Issued (in Shares)				120,000	120,000
Mid Atlantic Capital Associates Note [Member] | Principal [Member]
ORGANIZATION AND BUSINESS (Details) [Line Items]
Debt Instrument, Face Amount			$ 399,832
Mid Atlantic Capital Associates Note [Member] | Accrued Interest [Member]
ORGANIZATION AND BUSINESS (Details) [Line Items]
Debt Instrument, Face Amount			173,400
Convertible Debt [Member]
ORGANIZATION AND BUSINESS (Details) [Line Items]
Debt Instrument, Face Amount			40,753
Restricted Stock [Member]
ORGANIZATION AND BUSINESS (Details) [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable			550,000
Equity Issued in Business Combination, Fair Value Disclosure			275,000
Series F Preferred Stock [Member]
ORGANIZATION AND BUSINESS (Details) [Line Items]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 100		500,000
Equity Issued in Business Combination, Fair Value Disclosure			$ 100
Preferred Stock, Shares Authorized (in Shares)		1,000,000
Preferred Stock, Convertible, Terms		Each share of the Series F Stock is convertible into 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes.
Convertible Preferred Stock, Shares Issued upon Conversion (in Shares)		200
Preferred Stock, Shares Issued (in Shares)	1,000,000		1,000,000	1,000,000	0

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GOING CONCERN (Details) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ (44,372,922)	$ (44,095,689)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Apr. 30, 2021	Jul. 31, 2020	Apr. 30, 2020
Accounting Policies [Abstract]
Derivative Liability, Current	$ 184,382	$ 184,382	$ 184,832

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis - USD ($)	Apr. 30, 2021	Jul. 31, 2020	Apr. 30, 2020
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Derivative liability	$ 184,382	$ 184,382	$ 184,832
Total	$ 184,382		$ 184,832

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NOTE RECEIVABLE (Details) - USD ($)	May 15, 2018	Apr. 30, 2021	Apr. 30, 2020
Receivables [Abstract]
Note Receivable, Decription	the Company sold 50% of its inventory to a third party through execution of a promissory note receivable totaling $15,000
Note Receivable, Interest Rate	0.00%
Financing Receivable, after Allowance for Credit Loss		$ 0	$ 15,000

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ADVANCES (Details) - USD ($)	9 Months Ended		12 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2020	Jul. 31, 2019
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]
Proceeds from Other Debt				$ 119,386
Gain (Loss) on Extinguishment of Debt			$ 5,495	$ 45,746
Proceeds from Related Party Debt	$ 113,008	$ 0
Due to Related Parties, Current	$ 113,008	$ 0	$ 0

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CONVERTIBLE NOTES PAYABLE (Details)				9 Months Ended		12 Months Ended
	Dec. 07, 2020 USD ($)	Jul. 31, 2020 USD ($)	Jun. 25, 2015 USD ($)	Apr. 30, 2021 USD ($)	Apr. 30, 2020 USD ($)	Jul. 31, 2020 USD ($)
CONVERTIBLE NOTES PAYABLE (Details) [Line Items]
Proceeds from Related Party Debt				$ 113,008	$ 0
Due to Related Parties, Current		$ 0		113,008	0	$ 0
Convertible Note, June 25, 2015 [Member]
CONVERTIBLE NOTES PAYABLE (Details) [Line Items]
Debt Instrument, Face Amount			$ 399,832
Number of notes			2
Debt Instrument, Convertible, Terms of Conversion Feature			Terms of the New Note provide for a conversion option into common shares at a discount of 20% off-market
Debt Instrument, Interest Rate, Stated Percentage			7.00%
Convertible Debt		399,832				399,832
Convertible Note, December 7, 2020 [Member]
CONVERTIBLE NOTES PAYABLE (Details) [Line Items]
Debt Instrument, Face Amount	$ 573,232
Debt Instrument, Convertible, Terms of Conversion Feature	Any amount of principal or interest on the Note that is not paid when due bears interest at the rate of 22% per annum. Pursuant to the terms of the Note, MACA has the right from time to time, and at any time during the period beginning on the date which is 180 days following December 16, 2020 and ending on the later of (i) the maturity date and (ii) the date of payment of the Default Amount (as defined in the Note), each in respect of the remaining outstanding amount of the Note to convert all or any part of the outstanding and unpaid amount of the Note into fully paid and non-assessable shares of the Company’s common stock, subject to, among other things, a 4.99% equity blocker.
Interest Expense, Debt				14,917		0
Convertible Note, December 7, 2020 [Member] | Principal [Member]
CONVERTIBLE NOTES PAYABLE (Details) [Line Items]
Debt Conversion, Original Debt, Amount	$ 399,832
Convertible Note, December 7, 2020 [Member] | Accrued Interest [Member]
CONVERTIBLE NOTES PAYABLE (Details) [Line Items]
Debt Conversion, Original Debt, Amount	$ 173,400
Convertible Note, July 31, 2020 [Member]
CONVERTIBLE NOTES PAYABLE (Details) [Line Items]
Debt Instrument, Face Amount		$ 40,573				$ 40,573
Debt Instrument, Convertible, Terms of Conversion Feature		Terms of the Convertible Promissory Note provide for a conversion option into common shares to the investor at a 20% discount off market
Debt Instrument, Interest Rate, Stated Percentage		8.00%				8.00%
Convertible Debt				12,013
Interest Expense, Debt				18,849	19,123
Derivative, Gain (Loss) on Derivative, Net				$ 40,573	$ 0

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INVENTORY (Details) - USD ($)	Apr. 30, 2021	Apr. 30, 2020
Inventory Disclosure [Abstract]
Inventory, Net	$ 0	$ 0

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RELATED PARTY TRANSACTIONS (Details) - Chief Executive Officer [Member] - USD ($)	Mar. 01, 2020	Apr. 30, 2021	Apr. 30, 2020
RELATED PARTY TRANSACTIONS (Details) [Line Items]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	$ 120,000
Officer Salary, Monthly Rate	$ 10,000
Employee-related Liabilities, Current		$ 90,000	$ 0

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SHAREHOLDERS' EQUITY (Details) - $ / shares	9 Months Ended
	Apr. 30, 2021	Dec. 11, 2020	Dec. 10, 2020	Dec. 07, 2020	Jul. 31, 2020	Jan. 31, 2020
SHAREHOLDERS' EQUITY (Details) [Line Items]
Common Stock, Shares Authorized	10,000,000,000				10,000,000,000
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.0001				$ 0.0001
Common Stock, Voting Rights	Each common share entitles the holder to one vote on any matter on which action of the stockholders of the corporation is sought.
Common Stock, Shares, Issued	3,955,016				2,805,016
Common Stock, Shares, Outstanding	3,955,016				2,805,016	2,805,016
Preferred Stock, Shares Authorized	50,000,000				50,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.0001				$ 0.0001
Preferred Stock, Shares Issued	120,000				120,000
Preferred Stock, Shares Outstanding	120,000				120,000
Series A Preferred Stock [Member]
SHAREHOLDERS' EQUITY (Details) [Line Items]
Preferred Stock, Shares Issued	120,000
Preferred Stock, Voting Rights	The A Preferred has one vote for share of A Preferred being equal to the voting rights of common stock.
Preferred Stock, Conversion Basis	The A Preferred is convertible on a one to one ratio, as aforesaid. Presently, the time to convert the A Preferred has elapsed so the A Preferred is basically without any value.
Series F Preferred Stock [Member]
SHAREHOLDERS' EQUITY (Details) [Line Items]
Preferred Stock, Shares Authorized			1,000,000
Preferred Stock, Shares Issued	1,000,000	1,000,000		1,000,000	0
Preferred Stock, Shares Outstanding	1,000,000				0
Preferred Stock, Voting Rights	The 1,000,000 shares of Series F Preferred (“F Preferred”) has voting rights on an as converted basis. Each share of F Preferred has 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes.

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OTHER EVENTS (Details) - USD ($)	Dec. 11, 2020	Dec. 10, 2020	Dec. 07, 2020	Apr. 30, 2021	Jul. 31, 2020
OTHER EVENTS (Details) [Line Items]
Business Combination, Consideration Transferred			$ 250,000.00
Preferred Stock, Shares Authorized (in Shares)				50,000,000	50,000,000
Preferred Stock, Shares Issued (in Shares)				120,000	120,000
Mid Atlantic Capital Associates Note [Member] | Principal [Member]
OTHER EVENTS (Details) [Line Items]
Debt Instrument, Face Amount			399,832
Mid Atlantic Capital Associates Note [Member] | Accrued Interest [Member]
OTHER EVENTS (Details) [Line Items]
Debt Instrument, Face Amount			173,400
Convertible Debt [Member]
OTHER EVENTS (Details) [Line Items]
Debt Instrument, Face Amount			$ 40,753
Series F Preferred Stock [Member]
OTHER EVENTS (Details) [Line Items]
Preferred Stock, Shares Authorized (in Shares)		1,000,000
Preferred Stock, Convertible, Terms		Each share of the Series F Stock is convertible into 200 shares of common stock, subject to customary adjustments for stock splits, etc., and has a number of votes equal to the number of shares of common stock into which it is convertible, voting with the common stock together as one class, which currently results in all 1,000,000 shares of Series F Stock having 200 million votes.
Convertible Preferred Stock, Shares Issued upon Conversion (in Shares)		200
Preferred Stock, Shares Issued (in Shares)	1,000,000		1,000,000	1,000,000	0
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 100		$ 500,000
Restricted Stock [Member]
OTHER EVENTS (Details) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares)			550,000
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned			$ 275,000
Series F Preferred Stock [Member]
OTHER EVENTS (Details) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares)			500,000

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SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] - USD ($)	Jun. 21, 2021	May 01, 2021
SUBSEQUENT EVENTS (Details) [Line Items]
Debt Instrument, Face Amount		$ 161,841
Subsequent Event, Description	With respect to the A Preferred described in Note 9 on page 13 hereof, the Company determined during due diligence for the KryptoBank share exchange transaction (see the Company’s 8-K filed June 21, 2021) that the former officer/director never made the donation of 120,000 shares to the charity, Safenet in Las Vegas, NV. Management spoke with the Safenet administrator who confirmed that no donation of W Tech shares were ever recorded and no such shares was ever given to them in any form at any time. Although the financial statements above show 120,000 Series A outstanding, there is no evidence whatsoever that those shares were ever issued. Accordingly, the Company’s Board authorized the filing on June 17, 2021 of a Certificate of Withdrawal of the Certificates of Designation for the Company’s A Preferred with the Security of State of the State of Delaware. This filing states that at the time of this filing , the Company determined that no Series A Preferred were outstanding, as aforesaid.