10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________________

FORM 10-Q

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

FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2019

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

Commission File Number 333-184061

WECONNECT TECH INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in Its Charter)

Nevada	39-2060052
(State or Other Jurisdiction	(I.R.S. Employer
of Incorporation or Organization)	Identification No.)

1st Floor, Block A, Axis Business Campus

No. 13A & 13B, Jalan 225, Section 51A

46100 Petaling Jaya

Selangor, Malaysia

+60 17 380 2755
(Address of Principal Executive Offices and Issuer’s
Telephone Number, including Area Code)

Securities registered pursuant to Section 12(b) of the Act: None

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

Common Stock, par value $0.001

(Title of class)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 (§ 229.405 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 definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one)

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 in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

As of May 29, 2019, the issuer had outstanding 593,610,070 shares of common stock.

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION	3
ITEM 1	Unaudited Condensed Financial Statements	3
	Consolidated Balance Sheets as of April 30, 2019 and July 31, 2018	3
	Consolidated Statements of Operations and Comprehensive Loss for the Nine Months Ended April 30, 2019 and 2018	4
	Consolidated Statements of Cash Flows for the Nine Months Ended April 30, 2019 and 2018	5
	Notes to Unaudited Condensed Financial Statements	6
ITEM 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
ITEM 3	Quantitative and Qualitative Disclosures about Market Risk	21
ITEM 4	Controls and Procedures	21
PART II	OTHER INFORMATION	23
ITEM 1	Legal Proceedings	23
ITEM 1A	Risk Factors	23
ITEM 2	Unregistered Sales of Equity Securities and Use of Proceeds	23
ITEM 3	Defaults upon Senior Securities	23
ITEM 4	Mine Safety Disclosures	23
ITEM 5	Other Information	23
ITEM 6	Exhibits	24
SIGNATURES		25

2

PART I FINANCIAL INFORMATION

ITEM 1 Financial Statements

WECONNECT TECH INTERNATIONAL, INC.

CONSOLIDATED BALANCE SHEET

(Currency expressed in United States Dollars (“US$”), except for number of shares)

	April 30, 2019			July 31, 2018
		(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	3,716		$	14,159
Account receivables		1,907			179
Other receivables, deposits and prepayments		448,583			748,260
Amount due from related parties		3,409			38,353
Inventories		3,228			3,288
Total Current Assets	$	460,843		$	804,239
Non-Current Assets
Plant and equipment, net	$	94,790		$	118,610
Total Non-Current Assets	$	94,790		$	118,610
Total Assets	$	555,633		$	922,849
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payables	$	73,220		$	1,515
Other payables and accrued liabilities		211,721			250,624
Amount due to directors		–			51,920
Amount due to related parties		909,480			323,424
Current tax liabilities		21,210			10,792
Total Current Liabilities	$	1,215,631		$	638,275
Non-Current Liabilities
Deferred taxation	$	9,431		$	9,605
Total Non-Current Liabilities	$	9,431		$	9,605
Total Liabilities	$	1,225,062		$	647,880
Stockholders' Equity
Common stock 593,610,070 shares issued and outstanding at April 30, 2019 and July 31, 2018	$	593,610		$	593,610
Additional paid-in capital		4,958,781			4,958,781
Accumulated loss		(5,998,564	)		(5,048,961	)
Accumulated other comprehensive loss		(223,256	)		(228,461	)
Total Stockholders' Equity	$	(669,429	)	$	274,969
Total Liabilities and Stockholders' Equity	$	555,633		$	922,849

(The accompanying notes are integral part of these financial statements)

3

WECONNECT TECH INTERNATIONAL, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FOR THE THREE AND NINE MONTHS ENDED APRIL 30, 2019

(Currency expressed in United States Dollars (“US$”), except for number of shares)

	For the Three Months Ended April 30,						For the Nine Months Ended April 30,
	2019 (Unaudited)			2018 (Unaudited)			2019 (Unaudited)			2018 (Unaudited)
Revenue	$	644		$	(490	)	$	64,386		$	15,913
Cost of Revenue		(162	)		(12,410	)		(10,242	)		(70,255	)
Gross Profit / (Loss)		482			(12,900	)		54,144			(54,342	)
Other Income		17			71,491			538			73,539
General and Administrative Expenses		(222,693	)		(326,761	)		(995,763	)		(1,282,914	)
Loss Before Taxation	$	(222,194	)	$	(268,170	)	$	(941,081	)	$	(1,263,717	)
Taxation		–			–			–			–
Loss After Taxation	$	(222,194	)	$	(268,170	)	$	(941,081	)	$	(1,263,717	)
Other Comprehensive Income / (Loss)
Foreign Currency Translation Adjustment		8,282			123			9,780			(9,832	)
Total Comprehensive Loss for The Year	$	(213,912	)	$	(268,047	)	$	(931,301	)	$	(1,273,549	)
Earnings Per Share	$	0		$	0		$	0		$	0
Weighted Average Number of Common Shares Outstanding
Basic and Diluted		593,610,070			88,583,262			593,610,070			88,583,262

(The accompanying notes are integral part of these financial statements)

4

WECONNECT TECH INTERNATIONAL, INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE NINE MONTHS ENDED APRIL 30, 2019

(Currency expressed in United States Dollars (“US$”))

	Nine Months Ended April 30,
	2019 (Unaudited)			2018 (Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(941,081	)	$	(1,263,717	)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment		302,134			–
Depreciation of plant and equipment		20,634			22,342
Gain on disposal of PPE		(504	)		(539	)
Plant and equipment written off		–			51,868
Foreign translation reserve		(2,670	)		(66,325	)
Donated services and rent		–			1,500
Operating loss before working capital changes		(621,487	)		(1,254,871	)
Changes in operating assets and liabilities:
Account receivables		(1,735	)		(695,936	)
Other receivables, deposits and prepayments		(15,345	)		3,258
Amount due to directors		(51,100	)		(144,916	)
Amount due to related parties		630,658			400,194
Account payables		71,834			(922,284	)
Other payables and accrued liabilities		(24,637	)		–
Net cash used in operating activities		(11,812	)		(2,614,555	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales proceed from disposal of plant and equipment		2,087			1,513
Purchase of plant and equipment		(496	)		(67,707	)
Net cash generated from / (used in) investing activities		1,591			(66,194	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issued of share capital		–			2,629,433
Net cash generated from financing activity		–			2,629,433
Change in cash and cash equivalents		(10,221	)		(51,316	)
Foreign currency translation adjustment		(222	)		–
NET CHANGE IN CASH AND CASH EQUIVALENTS		(10,443	)		(51,316	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		14,159			74,091
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	3,716		$	22,775

(The accompanying notes are integral part of these financial statements)

5

WECONNECT TECH INTERNATIONAL, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

FOR THE THREE AND NINE MONTHS ENDED APRIL 30, 2019

(Amount expressed in United States Dollars (“US$”), except for number of shares or stated otherwise)

(Unaudited)

1. Organization and Business Background

WECONNECT Tech International Inc. was incorporated under the laws of the State of Nevada on April 25, 2007. For purposes of financial statements presentation, WECONNECT Tech International Inc. and its subsidiary are herein referred to as “the Company” or “We”.

Our business office is located at 1st Floor, Block A, Axis Business Campus, No. 13A & 13B, Jalan 225, Section 51A, 46100 Petaling Jaya, Selangor, Malaysia.

On June 8, 2018, we have acquired approximately 99.662% equity interest of MIG Mobile Tech Bhd., a public limited company incorporated in Malaysia. MIG Mobile Tech Bhd. is mainly engaged in e-commerce, online to offline marketplace and payment eco-system. The non-controlling interest remaining will be 0.338%. This transaction was accounted for as a transaction among entities under common control and the assets, liabilities, revenues, and expenses of MIG Mobile Tech Bhd. were carried over to and combined with the Company at historical cost, and as if the transfer occurred at the beginning of the period. We have conducted our business through MIG Mobile Tech Bhd. since then.

Details of the Company’s subsidiary:

No		Company Name	Place and date of incorporation	Particulars of issued capital	Principal activities
	1	MIG Mobile Tech Bhd	Malaysia Oct 1, 2015	50,000,000 of ordinary shares	E-commerce, online to offline marketplace and payment eco-system

2. Summary of Significant Accounting Policies

Basis of Presentation

The interim financial information referred to above has been prepared and presented in conformity with accounting principles generally accepted in the United States applicable to interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. The interim financial information has been prepared on a basis consistent with prior interim periods and years and includes all disclosures that are necessary and required by applicable laws and regulations. This report on Form 10-Q should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended July 31, 2018.

In the opinion of management, all adjustments (consisting of normal and recurring accruals) considered necessary for fair presentation of the Company’s financial position, results of operations and cash flows have been included. Operating results for the nine months ended April 30, 2019, are not necessarily indicative of the results that may be expected for future quarters or the year ending July 31, 2019.

6

Basis of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiary. All inter-company accounts and transactions have been eliminated upon consolidation.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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. The Company regularly evaluates estimates and assumptions related to valuation of donated services and rent, fair value measurements and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Cash and Cash Equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. As of April 30, 2019, and July 31, 2018, the Company had $3,716 and $14,159 in cash and cash equivalents, respectively.

Plant and Equipment

Plant and equipment is stated at cost less accumulated depreciation and impairment. Depreciation of plant and equipment are calculated on the straight-line method over their estimated useful lives as follows:

Classification	Principal annual rate / Estimated useful lives
Computer hardware and software	4 years
Furniture and fittings	10 years
Office equipment	5 years
Telecommunication	2 years
Renovation	10 years
Signboard	5 years
Security and alarm system	4 years

Expenditures for maintenance and repairs are expenses as incurred.

7

Inventories

Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Statements of Operation and Comprehensive Income.

Revenue Recognition

Revenue recognized when it is probable that the economic benefits associated with the transaction will flow to the enterprise and the amount of the revenue can be measured reliably. Revenue is measured at the fair value of consideration received or receivable.

a)	Sales of goods
	Revenue from sales of goods is recognized when the significant risks and rewards of ownership have been transferred to the buyer. Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes application to the revenue.

b)	Rendering of Services
	Revenue from rendering of services is measured by reference to the stage of completions of the transaction at the reporting date.

c)	Interest income
	Interest income is recognized using the effective interest method and accrued on a timely basis.

Foreign Currencies Translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

The functional currency of the Company is the United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the subsidiary maintains its books and record in a local currency, Malaysian Ringgit (“MYR” or “RM”), which is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of other comprehensive income. The Company has not to, the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.

8

Translation of amounts from the local currency of the Company into US$1 has been made at the following exchange rates for the respective years:

	As of and for the period ended April 30,
	2019		2018
Period average MYR : US$1 exchange rate		4.1257		4.0702
Period end MYR : US$1 exchange rate		4.1355		3.9195

Fair Value of Financial Instruments

The carrying value of the Company’s financial instruments: cash and cash equivalents, trade receivable, deposits and other receivables, amount due to related parties and other payables approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Income Tax

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. 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 that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. There were no significant deferred tax items as of April 30, 2019 and July 31, 2018.

The Company applied the provisions of ASC 740-10-50, Accounting for Uncertainty in Income Taxes, which provides clarification related to the process associated with accounting for uncertain tax position recognized in our financial statements. Audit periods remain open for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. At April 30, 2019 and July 31, 2018, management considered that the Company had no uncertain tax positions and will continue to evaluate for uncertain positions in the future.

9

Basic and Diluted Net Income/(Loss) Per Share

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. Diluted earnings per share excludes all dilutive potential shares if their effect is anti-dilutive. As at April 30, 2019 and 2018, there were no potentially dilutive securities outstanding.

Recent Accounting Pronouncements

Management has considered all recent accounting pronouncements issued and their potential effect on our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's condensed financial statements.

3. Related Party Transactions

During the nine months ended April 30, 2019, MIG Network & Consultancy Sdn. Berhad (the “MIG Network and Consultancy”), a Malaysian company that Executive Directors of the Company are the major shareholders, has advanced in an aggregate amount of $909,480, equivalent to RM3,761,155 to the Company for working capital purpose. The advances were unsecured, interest free, and due on demand. As of April 30, 2019, and July 31, 2018, there were $909,480 and $323,424 advances outstanding, respectively.

	For the Nine Months ended		For the Nine Months ended
	April 30, 2019		April 30, 2018
Revenue generated from:
North Cloud Sdn Bhd.	$	26,662	$	–
MIG O2O Berhad		19,391		–
MIG Network & Consultancy Sdn. Bhd.		8,483		13,334
MIG Mobile Tech Limited		–		33
MIG F&B Chain Sdn. Bhd.		–		134
WPAY International Berhad		8,962		–
	$	63,498	$	13,501
Payroll outsourcing charge back to:
MIG O2O Berhad	$	36,365	$	75,199
MIG Network & Consultancy Sdn. Bhd.		1,572		1,698
MIG Next Tech Sdn. Bhd.		–		364
North Cloud Sdn. Bhd.		18,225		–
	$	56,162	$	77,261
Rental paid to:
MIG Network & Consultancy Sdn. Bhd.	$	58,503	$	50,321
Legal fee paid to:
MIG Network & Consultancy Sdn. Bhd.	$	6,850	$	6,948

10

	April 30, 2019		July 31, 2018
Amount due from related parties:
MIG Network & Consultancy Sdn. Bhd.	$	3,409	$	–
MIG Mobile Tech Limited		–		38,353
	$	3,409	$	38,353
Amount due to related parties:
MIG Network & Consultancy Sdn. Bhd.	$	909,480	$	323,424
Amount due to directors:
Shiong Han Wee	$	–	$	6,414
Kwueh Lin Wong		–		45,506
	$	–	$	51,920
Accruals for director fee:
Ho Pui Hold	$	3,000	$	–
Wong Mun Wai		1,500		–
	$	4,500	$	–

4. Stockholders’ Equity

Common Stock

As of April 30, 2019, and July 31, 2018, there are 593,610,070 shares of common stock issued and outstanding.

Preferred Stock

As of April 30, 2019, and July 31, 2018, there are no issued and outstanding preferred stocks.

5. Legal Proceedings

On November 12, 2018, MIG Mobile Tech Berhad, a subsidiary of the Company, filed a claim against Digiland Private Limited (“Digiland”) for breach of contract and misrepresentation arising from, among other things, Digiland’s failure to perform under its supplier contract with the Company. In its suit, MIG Mobile Tech Berhad is seeking a return of funds previously paid to Digiland in the amount of S$800,000 Singapore Dollars (approximately US $596,000) together with a claim for damages to be assessed by the Singapore Court. Within the same suit, Digiland has filed a counterclaim against MIG Mobile Tech Berhad for the balance of the payment due to it under contract in the sum of S$800,000, together with a claim for damages to be assessed by the Singapore Court.

11

In accordance with applicable accounting guidance, the Company records accruals for certain of its outstanding legal proceedings, investigations or claims when it is probable that a liability will be incurred and the amount of loss can be reasonably estimated. The Company evaluates, on a quarterly basis, developments in legal proceedings, investigations or claims that could affect the amount of any accrual, as well as any developments that would make a loss contingency both probable and reasonably estimable. The Company discloses the amount of the accrual if the financial statements would be otherwise misleading, which was not the case for the three months ended April 30, 2019.

Prior to the filing of its claims against Digiland, the Company recognized the amount of $596,912 in receivable, deposits and prepayments. The amount is being recognized as deposit because the development of the application-based software has not been materialized to-date. Upon the filing of its claims, the Company expects to recognize an impairment in the amount of $298,456. The Company is unable to ascertain the result of the legal proceedings as the proceedings are in the early stages and there is uncertainty arising from the development of the case.

Excluding fees paid to external legal counsel, litigation-related expenses and accruals previously recognized, the Company do not expect to recognize additional accruals for litigation-related expense for the next quarter.

We expect that the aggregate range of reasonably possible losses, in excess of accruals established, if any, for such legal proceeding is likely to range from S$800,000 and upwards if Digiland prevails in its counterclaim against us. The estimated aggregate range of reasonably possible losses is based upon currently available information for those proceedings in which the Company is involved, taking into account the Company’s best estimate of such losses for those cases for which such estimate can be made. Those matters for which an estimate is not possible are not included within this estimated range. Therefore, such range represents what the Company believes to be an estimate of possible loss only for those matters meeting such criteria. It does not represent the Company’s maximum loss exposure.

6. Subsequent Events

There is no subsequent events as of April 30, 2019.

7. Commitment and Contingencies

The Company and Artemis Tech Sdn. Bhd., or Artemis, are parties to an agreement effective September 14, 2018, pursuant to which Artemis agreed to develop and enhance our web-based Merchant Management System for MYR 747,500 (approximately US$180,490). The Company paid US$43,428 for the first stage of development work performed on September 21, 2018. The remaining cost to complete the web-based Merchant Management System in future is approximately US$137,062. We expect the work to conclude on or about December 31, 2019. The foregoing description of the Merchant Management System development agreement is qualified in its entirety by reference to such agreement, which is filed as Exhibit 10.1 to this quarterly report on Form 10-Q and incorporated herein by reference.

The Company and Ang Swie Kheong are parties to an agreement effective March 12, 2018, pursuant to which Ang Swie Kheong agreed to develop an electronic wallet system for MYR400,000 (approximately US$96,855). The Company had paid a total of US$48,427 for the first stage of application development on April 5, 2018, and July 25, 2018. The remaining cost to complete the electronic wallet system in future is approximately US$48,428. We expect the work to conclude on or about December 31, 2019. The foregoing description of the E Wallet Agreement development agreement is qualified in its entirety by reference to such agreement, which is filed as Exhibit 10.2 to this quarterly report on Form 10-Q and incorporated herein by reference.

12

The Company entered into an agreement with Digiland Pte. Ltd. on September 12, 2017, amounting to SGD$1,600.00 (approximately US$1,189,061) for eMobile Apps (User and Merchant) and Backed Admin Web Portal. The remaining cost to complete the eMobile Apps (User and Merchant) and Backed Admin Web Portal in future is approximately US$617,559. The Company and Digiland are parties to legal claims against each other, as more fully described in Note 5 Legal Proceedings of Notes to our Consolidated Financial Statements.

Subsequent to the financial year end, the Company’s future lease payments of US$5,929 per month for office premise is expected to end on Oct 31, 2019.

When a loss contingency is not both probable and estimable, the Company does not establish an accrued liability. However, if the loss (or an additional loss in excess of the accrual) is at least a reasonable possibility and material, then the Company discloses an estimate of the possible loss or range of loss, if such estimate can be made or discloses that an estimate cannot be made.

The assessments whether a loss is probable or a reasonable possibility, and whether the loss or a range of loss is estimable, often involve a series of complex judgments about future events. Management is often unable to estimate a range of reasonably possible loss, particularly where (i) the damages sought are substantial or indeterminate, (ii) the proceedings are in the early stages, or (iii) the matters involve novel or unsettled legal theories or a large number of parties. In such cases, there is considerable uncertainty regarding the timing or ultimate resolution of such matters, therefore, no contingencies were provided as at April 30, 2019.

8. Comparative Figures

The comparative figures in fiscal year ended July 31, 2018 have been restated due to the acquisition of our subsidiary company, MIG Mobile Tech Bhd., on June 8, 2018, which was accounted for as a Reverse Take Over under common control.

The comparative figures have been reclassified to conform with the current period presentation.

13

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

Forward-looking statements

The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and the related notes thereto included elsewhere in this quarterly report on Form 10-Q. This quarterly report on Form 10-Q contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Certain statements contained in this discussion, including, without limitation, statements containing the words "believes," "anticipates," "expects" and the like, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). However, as we issue “penny stock,” as such term is defined in Rule 3a51-1 promulgated under the Exchange Act, we are ineligible to rely on these safe harbor provisions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions of the forward-looking statements contained herein to reflect future events or developments.

Currency and exchange rate

Unless otherwise noted, all currency figures quoted as “U.S. dollars”, “dollars” or “$” refer to the legal currency of the United States. Throughout this report, assets and liabilities of the Company’s subsidiaries are translated into U.S. dollars using the exchange rate on the balance sheet date. Revenue and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income within the statement of stockholders’ equity.

Overview

We are a payment-solution provider designed to consolidate users’ forms of payment and connect merchants to consumers in a dynamic ecosystem via digital transactions in the form of mobile payment, visa-powered payment card, and other features such as rewarding in-app system and shopping aggregator system that are both convenient and rewarding. In a society that is still extremely cash-reliant in its daily transactions, we offer a cashless transaction solution with our digital payment system that can be used domestically and internationally.

We were founded with one single technology ambition – to be a one-stop payment solution group backed by an integrated digital eco-system. Centered around online and offline commerce platforms, the Company boasts three (3) main payment gateways:

i. Digital Payment

ii. Visa Empowered Card

iii. In-app Reward Program (Coming soon)

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With our participation in online and offline platforms, we hope to improve the payment landscape in Malaysia, connecting people across emerging markets. We seek to revolutionize the way business works by providing cutting-edge payment solutions, security, internet & mobile technologies and integrating with conventional business practices to mitigate the constraints of distance and time for maximum convenience and speed.

Potential Business Segment

To strengthen our financial position, on March 18, 2019, we entered into a Share Exchange Agreement with GF Offshore Sdn. Bhd., a private limited company organized under the laws of Malaysia (“GF”), and certain Investors pursuant to which we agreed to issue Ninety Million (90,000,000) shares of our common stock, par value $0.001, (the “WECT Shares”) to acquire Three Million Six Hundred Sixty Thousand (3,660,000) shares of the GF Ordinary Stock (representing up to 60% of the total issued and outstanding shares of GF Ordinary Stock) held by such Investors. GF is engaged in the business of supplying petroleum oil and gas products.

Under the terms of the Share Exchange Agreement, GF will be required to meet certain performance milestones during the two-year period after closing. If GF fails to meet any performance milestone, a portion of the WECT Shares will be subject to claw back. Upon the closing of the share exchange, we will be required to appoint one independent director and a representative of GF to its board of directors. In connection with our pending acquisition, Shiong Han Wee, our Chief Executive Officer and Director, was appointed to serve as a director of GF on April 2, 2019.

We are in active discussions regarding the definitive terms of such acquisition. Accordingly, the final terms may differ from those described above.

The foregoing description of the Share Exchange Agreement is qualified in its entirety by reference to such agreement, which is filed as Exhibit 10.1 to the current report on Form 8-K filed with the Commission on April 15, 2019, and incorporated herein by reference.

History

We were incorporated under the laws of the State of Nevada on April 25, 2007. Prior to our acquisition of MIG Mobile Tech Berhad (“MMT”), a corporation organized under the laws of Malaysia, we were an exploration stage company engaged in the acquisition and exploration of mineral properties. We were also a “shell company” with no meaningful assets or operations other than our efforts to identify and merge with an operating company. We operated under the name “Contact Minerals Corp. and our securities traded under the symbol “CNTM.” Effective November 6, 2017, we changed our name to “WECONNECT Tech International, Inc.” and our symbol to “WECT.” Our business office is located at 1^st Floor, Block A, Axis Business Campus, No. 13A & 13B, Jalan 225, Section 51A, 46100 Petaling Jaya, Selangor, Malaysia. Effective June 8, 2018, we consummated the acquisition of 49,831,007 shares of MMT (the “MMT Shares”), constituting approximately 99.662% of the issued and outstanding securities of MMT. As a result of our acquisition of the MMT Shares, we ventured into the payment solution business with a focus on users located in Malaysia.

Effective August 29, 2017, the Company and Kerry McCullagh, the Company’s former Chief Executive Officer, Chief Financial Officer, President, Secretary and Treasurer (the “Seller”) entered into a stock purchase agreement (the “Stock Purchase Agreement”) with Shiong Han Wee and Kwueh Lin Wong (collectively, the “Purchasers”). Under the terms of the Stock Purchase Agreement, the Purchasers agreed to purchase 7,000,000 shares from the Seller (the Seller Shares”) and 78,770,000 shares from the Company (the “Issued Shares”) for an aggregate purchase price of $350,000. The sale of the Seller Shares and the Issued Shares consummated September 11, 2017.

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Upon the consummation of the sale, Kerry McCullagh, Alex Langer and William McCullagh, our former executive officers and directors, resigned from all of their positions with the Company. Their resignations were not due to any dispute or disagreement with the Company on any matter relating to the Company's operations, policies or practices.

The following individuals were appointed to serve in the positions set forth next to their names below:

Name	Age		Position
Shiong Han Wee		41	Director, Chief Executive Officer
Kwueh Lin Wong		41	Director, Secretary

Chee Kuen Chim and Pui Hold Ho were each appointed to serve as a Director of the Company effective September 22, 2017. Mr. Chim resigned from his positions with the Company effective May 11, 2018, and Mun Wai Wong was appointed to fill the vacancy caused by such resignation on June 1, 2018.

Effective June 1, 2018, Kwueh Lin Wong resigned from his position as the Chief Financial Officer of the Company and Chow Wing Loke was appointed to fill the vacancy caused by Mr. Wong’s resignation.

Effective June 8, 2018, we consummated the acquisition of 49,831,007 shares of MMT (the “MMT Shares”), constituting approximately 99.662% of the issued and outstanding securities of MMT. As consideration, we agreed to issue to the MMT shareholders 498,310,070 shares of our common stock, at a value of US $0.05 per share, for an aggregate value of US$24,915,503.50. As a result of our acquisition of the MMT Shares, we entered into the payment solution business with a focus on users located in Malaysia.

On March 18, 2019, we entered into a Share Exchange Agreement with GF Offshorre Sdn. Bhd., a private limited company organized under the laws of Malaysia (“GF”), and certain Investors pursuant to which we agreed to issue Ninety Million (90,000,000) shares of our common stock, par value $0.001, (the “WECT Shares”) to acquire Three Million Six Hundred Sixty Thousand (3,660,000) shares of the GF Ordinary Stock (representing up to 60% of the total issued and outstanding shares of GF Ordinary Stock) held by such Investors. GF is engaged in the business of supplying petroleum oil and gas products. We are in active discussions regarding the definitive terms of such acquisition. Accordingly, the final terms may differ from those described above.

Going Concern

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. Accordingly, our financial statements do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. As at April 30, 2019, the Company has working capital deficiency of $754,788 and has accumulated losses of $5,998,564 since its inception. Further losses are anticipated in the development of the business, raising substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustment that might result from the outcome of this uncertainty. The consolidated financial statements do not include any adjustment that might result from the outcome of this uncertainty.

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The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management expects to finance operating costs over the next twelve months with loans from directors and/or private placements of common stock, but we cannot guarantee that we will be able to achieve same.

Results of Operations

The following table provides selected financial data about our company as of April 30, 2019 and 2018.

	For the Three Months Ended April 30,						For the Nine Months Ended April 30,
	2019 (Unaudited)			2018 (Unaudited)			2019 (Unaudited)			2018 (Unaudited)
Revenue	$	644		$	(490	)	$	64,386		$	15,913
Cost of revenue		(162	)		(12,410	)		(10,242	)		(70,255	)
Other income		17			71,491			538			73,539
General and administrative expenses		(222,693	)		(326,761	)		(995,763	)		(1,282,914	)
Other comprehensive income / (loss)		8,282			123			9,780			(9,832	)
Total Comprehensive Loss for the Year	$	(213,912	)	$	(268,047	)	$	(931,301	)	$	(1,273,549	)

Three Months Ended April 30, 2019, Compared to Three Months Ended April 30, 2018

Revenues. During the three months ended April 30, 2019, and 2018, we earned revenues of $644 and recorded a negative revenue of $(490), respectively. The slight increase in net revenues is primarily attributable to the increase of merchant’s platform fee.

During the three months ended April 30, 2019, and 2018, there are no customers accounted for 10% or more of our total net revenues.

General and Administrative Expenses. General and administrative expenses were $222,693 and $326,761 for the three months ended April 30, 2019, and 2018, respectively. The decrease in operating expenses was primarily attributable to the decrease of payroll expenses.

During the three months ended April 30, 2019 and 2018, no vendors accounted for 10% or more of our total operating costs. 

Gross Profit. We recorded a gross profit of $482 and gross loss of $12,900 for the three months ended April 30, 2019, and 2018, respectively. The increase in gross profit is mainly attributable to the decrease in cost of revenue due to restructuring of incentives given to merchants and users in our ecosystem.

Income Tax Expense. We did not record income tax expenses for the three months ended April 30, 2019, and 2018 respectively.

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Comprehensive Loss. We suffered a comprehensive net loss of $213,912 and $268,047 for the three months ended April 30, 2019, and 2018, respectively. The decrease in gross loss is primarily attributable to the decrease of general and administrative expenses.

Nine Months Ended April 30, 2019, Compared to Nine Months Ended April 30, 2018

Revenues. During the nine months ended April 30, 2019, and 2018, we earned revenues of $64,386 and $15,913, respectively. The increase in revenues is primarily attributable to IT service fees rendered during the period.

During the nine months ended April 30, 2019, and 2018, the following customers accounted for 10% or more of our total net revenues:

	Nine months ended April 30, 2019				Nine months ended April 30, 2018
	Revenues		Percentage of revenues		Revenues		Percentage of revenues
North Cloud Sdn Bhd	$	26,662		41.4%	$	–		–
MIG O2O Berhad		19,391		30.1%		–		–
MIG Network & Consultancy Sdn Bhd		8,483		13.2%		13,334		83.8%
WPAY International Berhad		8,962		13.9%		–		–
		63,499				13,334

MIG O2O Berhad, MIG Network & Consultancy Sdn Bhd and WPAY International Berhad are affiliated with our executive officers and directors, Shiong Han Wee and Kwueh Lin Wong. North Cloud Sdn Bhd is a shareholder holding less than 5% of our issued and outstanding securities.

General and Administrative Expenses. Operating expenses were $995,763 and $1,282,914 for the nine months ended April 30, 2019, and 2018, respectively. The decrease in operating expenses was primarily attributable to decrease in marketing and payroll expenses.

During the nine months ended April 30, 2019 and 2018, no vendors accounted for 10% or more of our total operating costs. 

Gross Profit. We recorded a gross profit of $54,144 and gross loss of $54,342 for the nine months ended April 30, 2019, and 2018, respectively. The increase in gross profit is mainly attributable to the decrease in cost of revenue due to restructuring of incentives given to merchants and users in our ecosystem.

Income Tax Expense. We did not record income tax expenses for the nine months ended April 30, 2019, and 2018 respectively.

Comprehensive Loss. We suffered a net loss of $931,301 and $1,273,549 for the nine months ended April 30, 2019, and 2018, respectively. The decrease in comprehensive loss is primarily attributable to the decrease of general and administrative expenses.

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Liquidity and Capital Resources

Working Capital

	April 30, 2019			July 31, 2018
Current Assets	$	460,843		$	804,239
Current Liabilities		1,215,631			638,275
Working Capital (Deficit)/Surplus	$	(754,788	)	$	165,964

We had current assets of $460,843 consisting primarily of inventories of $3,228, account receivables of $1,907, other receivables, deposits and prepayments of $448,583, amount due to related parties of $3,409 and cash and cash equivalents of $3,716 as of April 30, 2019. Our current liabilities consisted of $909,480 of amount due to related parties, $211,721 of other payables and accruals, $21,210 of current tax liabilities and $73,220 of account payables.

As of July 31, 2018, we had current assets of $804,239 and current liabilities of $638,275. Our current assets consisted of $748,260 of other receivables, deposits and prepayments, $38,353 of amount due from related parties, $14,159 of cash and cash equivalents, $3,288 of inventories and $179 of trade receivables. Our current liabilities consisted of $323,424 of amount due to related parties, $250,624 of other payables and accruals, $51,920 of amounts due to directors, $10,792 of current tax liabilities and $1,515 of trade payables.

Cash Flows

	Nine Months Ended			Nine Months Ended
	April 30, 2019			April 30, 2018
Net Cash Used in Operating Activities	$	(11,812	)	$	(2,614,555	)
Net Cash Provided By / (Used In) Investing Activities	$	1,591		$	(66,194	)
Net Cash Provided by Financing Activities	$	–		$	2,629,433
Effects on changes in foreign exchange rate	$	(222	)	$	–
Net decrease in cash and cash equivalents	$	(10,221	)	$	(51,316	)

Cash Flow from Operating Activities

During the nine months ended April 30, 2019, net cash used in operating activities was $11,812, compared to $2,614,555 for the nine months ended April 30, 2018. Net cash used in operating activities during the nine months ended April 30, 2019 consisted primarily of a net loss of $941,081, a decrease in account receivables of $1,735, a decrease in other receivables, deposits and prepayments of $15,345, a decrease in amount due to directors of $51,100, a decrease in other payables and accrued liabilities of $24,637, gain on disposal of $504, foreign translation reserve of $2,670, offset by an increase in amount due to related parties of $630,658, an increase of account payables of $71,834, impairment of $302,134 and depreciation of plant and equipment of 20,634.

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Net cash used in operating activities during the nine months ended April 30, 2018 consisted primarily of a net loss of $1,263,717, a decrease in account receivables of $695,936, a decrease in amount due to directors of $144,916, a decrease in account payables of $922,284, foreign translation reserve of $66,325 and gain on disposal of $539, offset by an increase of other receivables, deposits and prepayments of $3,258, an increase in amount due to related parties of $400,194, depreciation of plant and equipment of $22,342, plant and equipment written off of $51,868 and donated services and rent of $1,500.

Cash Flow from Investing Activities

During the nine months ended April 30, 2019, there was net cash generated from investing activities of $1,591 consisted of sales proceeds from disposal of property, plant and equipment of $2,087 and offset by $496 from purchase of plant and equipment.

During the nine months ended April 30, 2018, there was net cash used from investing activities of $66,194 consisted of purchase of plant and equipment of $67,707, offset by $1,513 of sales proceeds from disposal of property, plant and equipment.

Cash Flow from Financing Activities

During the nine months ended April 30, 2019, financing activities did not provide any net cash.

During the nine months ended April 30, 2018, there was net cash generated from financing activity of $2,629,433 which primarily consisted of issued of share capital of $2,629,433.

Financing Requirements

During the twelve-month period following the date of this quarterly report, we anticipate that we will not generate sufficient operating revenue. Accordingly, we will be required to obtain additional financing in order to pursue our plan of operations during and beyond the next twelve months. We anticipate that additional funding will be in the form of equity financing from the sale of our common stock or shareholder loans. However, there is no assurance that we will be able to raise sufficient funding from the sale of our common stock to fund our business plan should we decide to proceed.

We anticipate continuing to rely on equity sales of our common shares and advances from our executive officers and directors in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing shareholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our business operations.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

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Critical Accounting Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities in the consolidated financial statements and accompanying notes. The SEC has defined a company’s critical accounting policies as the ones that are most important to the portrayal of the company’s financial condition and results of operations, and which require the company to make its most difficult and subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. Based on this definition, we have not identified any additional critical accounting policies and judgments. We also have other key accounting policies, which involve the use of estimates, judgments and assumptions that are significant to understanding our results, which are described in note 2 to our financial statements. Although we believe that our estimates, assumptions and judgments are reasonable, they are based upon information presently available. Actual results may differ significantly from these estimates under different assumptions, judgments or conditions.

Recent accounting pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

ITEM 3 Quantitative and Qualitative Disclosures about Market Risk

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

ITEM 4 Controls and Procedures

Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures

We conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act), under the supervision of and with the participation of our management, including the Chief Executive Officer and Chief Financial Officer. Based on that evaluation, our management, including the Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures, subject to limitations as noted below, as of April 30, 2019, and during the period prior to and including the date of this report, were effective to ensure that all information required to be disclosed by us in the reports that we file or submit under the Exchange Act is: (i) recorded, processed, summarized and reported, within the time periods specified in the Commission’s rule and forms; and (ii) accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

21

Inherent Limitations

Because of its inherent limitations, our disclosure controls and procedures may not prevent or detect misstatements. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. 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, have been detected. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies and procedures may deteriorate.

Changes in Internal Control over Financial Reporting

Our annual report on Form 10-K reported that our internal control over financial reporting was effective as of July 31, 2018. Subject to the foregoing disclosures in this Item 4, there were no changes in our internal control over financial reporting that occurred during our fiscal quarter ended April 30, 2019, that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II OTHER INFORMATION

ITEM 1 Legal Proceedings

On November 12, 2018, MIG Mobile Tech Berhad, a subsidiary of the Company, filed a claim against Digiland Private Limited (“Digiland”) for breach of contract and misrepresentation arising from, among other things, Digiland’s failure to perform under its supplier contract with the Company. In its suit, MIG Mobile Tech Berhad is seeking a return of funds previously paid to Digiland in the amount of S$800,000 Singapore Dollars (approximately US $596,000) together with a claim for damages to be assessed by the Singapore Court. Within the same suit, Digiland has filed a counterclaim against MIG Mobile Tech Berhad for the balance of the payment due to it under contract in the sum of S$800,000, together with a claim for damages to be assessed by the Singapore Court. This matter is more fully described in Note 5 Legal Proceedings of Notes to our Consolidated Financial Statements.

Other than the item set forth in Note 5 Legal Proceedings of Notes to our Consolidated Financial Statements, we are not a party to any legal or administrative proceedings that we believe, individually or in the aggregate, would be likely to have a material adverse effect on our financial condition or results of operations.

ITEM 1A Risk Factors

None.

ITEM 2 Unregistered Sales 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

None.

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ITEM 6 Exhibits

Exhibit
Number	Description of Exhibit
3.1	Amended and Restated Articles of Incorporation(1)
3.2	Bylaws.(2)
10.1	Statement of Work for Merchant & Payment, effective September 14, 2018, by and between Artemis Tech Sdn. Bhd. and MIG Mobile Tech Berhad.(3)
10.2	Statement of Work for EWallet System Development, effective March 12, 2018, by and between Ang Swie Kheong and MIC Mobile Tech Berhad.*
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer pursuant to pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
99.1	Audit Committee Charter.(4)
99.2	Pre-Approval Procedures. (4)
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase.
101.DEF	XBRL Taxonomy Extension Definition Linkbase.
101.LAB	XBRL Taxonomy Extension Label Linkbase.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase.

* Filed herewith.

Notes:
(1)	Incorporated by reference from our Definitive Information Statement filed with the Securities and Exchange Commission on October 18, 2017.
(2)	Incorporated by reference from our Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on October 1, 2007.
(3)	Incorporated by reference from our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on March 14, 2019.
(4)	Incorporated by reference from our Current Report on Form 8-K filed with the Securities and Exchange Commission on September 22, 2017.

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SIGNATURES

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

	WECONNECT TECH INTERNATIONAL, INC.
	By:	/s/ Shiong Han Wee
		Shiong Han Wee
		Chief Executive Officer
Date:       June 11, 2019

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EX-10.2

Exhibit 10.2

Statement of Work

This Statement of Work (''SOW") is made on 12 March 2018 between the following Parties:

1. MIG Mobile Tech Berhad (Company Registration Number 1160768-U), a company incorporated under the laws of Malaysia and having its registered office at 1-02, 1st Floor, Block A, Axis Business Campus, No. 13A & 13B, Jalan 225, Seksyen 51A, 46100 Petaling Jaya, Selangor, Malaysia; hereby known as "Client".

2. ANG SWIE KHEONG (NRIC: 740915-09-5057) and KO IN CEK (NRIC: 770630-01-6359), who are Malaysian citizens with permanent residence located in Malaysia; hereby collectively known as "Vendor".

Scope of Services

The Vendor agrees to assemble a team of skilled specialists ("Team") and to lead this Team to provide software development services ("Services") to Client.

The scope of Services includes the following deliverables:

1. Develop and provision an electronic wallet system ("System");

2. Setup of application environments (i.e. web, application and database servers for Development Systems Integration Testing (SIT), User Acceptance Testing (UAT), Production environments);

3. Training session (One round for each phase of implementation, based on train-the trainer model) to enable Client to conduct user acceptance tests; and

4. System architecture diagram and simplified functional documentation.

The System shall comprise of the following items:

1. A mobile application based on hybrid mobile programming, acting as the client interfaces to end users;

2. Server infrastructure, providing connectivity to support mobile application functionalities; and

3. Desktop browser.-based Back Office module, providing administrative functionalities to application administrators.

1

System Overview

The System shall be implemented in two phases, namely Phase 1 and Phase 2, comprising of the following requirements:

 

2

 

Implementation Timeline

The implementation timeline of the Services is depicted below:

 

3

 

Systems Integration

There shall be systems integration with 1 (one) external host system, i.e. CARDWORKS of FINEXUS Cards Sdn. Bhd. ("FINEXUS"), that provides transactional and administrative services to enable the System's functionalities. All system interfaces are to be implemented using web service protocol only.

Mobile Device Specification

The supported mobile devices are:

1. iOS smartphone launched in 2015 or later, running iOS 9 or later.

2. Android smartphone launched in 2015 or later, running Android 6 or later.

Jail-broken mobile devices will not be supported.

4

Client's Responsibilities

The Client shall. be solely responsible for the procurement/ subscription/ provisioning/ execution/ installation/ maintenance of the followings:

1. Hardware, software, network, storage, cloud infrastructure and all other supporting infrastructure (including but not limited to mail server, mail server, secure sockets layer certificate, two-factor authentication equipment, optical character recognition library, mobile payment gateway and others) required by the System;

2. Security/ Penetration testing and performance-related testing;

3. Backup and restoration of System and data;

4. Licensing or subscription of productivity improvement software, i.e. task management system, defect management system, source code version control system, and others;

5. Ensure FINEXUS can readily share required technical specifications and has sufficient skilled technical resources to support implementation timeline planned in this SOW;

6. Ensure Fl NEXUS has sufficient system environments to support smooth implementation of Services and these environments can be remotely accessed via Internet;

7. Provide sufficient workspace and office equipment required by the Team;

8: User acceptance test (UAT) execution and reporting;

9. Mobile and computer devices required for UAT; and

10. Regulatory approval (if applicable);

5

Cost and Payment Schedule

The total cost of Services ("Contract Value") and the payment schedule is described below:

 

* All levies imposed by present or future law of Malaysia on the Contract Value shall be borne by the Client.

Out-of-Pocket Expenses

The Services shall be rendered at Client's office located in Petaling Jaya. All business travels outside of this arrangement shall be billed to the Client, provided that prior agreement from the Client is obtained before the expenses are incurred.

The billing shall be based on actual expenses or a pre-agreed amount between the Parties. The expenses shall include transportation, parking, accommodation and meal allowance.

Warranty Period

The Vendor shall provide a two (2) months' warranty period for the System. The warranty period shall start upon Phase 1 production deployment.

6

Professional Service Charges

The professional service offered by the Vendor shall be fixed at MYR1,300 (Ringgit one thousand three hundred only) per man-day, during the period of this SOW.

Maintenance & Support Charges

Should the Client intend to subscribe to annual maintenance and support services for the System, the Vendor shall offer such services at an annual rate of 20% of the Contract Value.

[The remainder of this page is intentionally left blank]

7

IN WITNESS of which this SOW has been duly executed by tile Parties or their duly authorized representatives: -

SIGNED for and on behalf of MIG Mobile Tech Berhad by

/s/ Dato Wee Shiong Han
Representative Signature	Representative Signature
Dato Wee Shiong Han
Representative Name	Representative Name
12/3/18
Date of Execution	Date of Execution
SIGNED by
/s/ Ang Swie Kheong	/s/ Ko In Cek
ANG SWIE KHEONG (NRIC: 740915-09-5057)	DO IN CEK (NRIC: 770630-01-6359)
12/3/18	12/3/18
Date of Execution	Date of Execution

8

EX-31.1

Exhibit 31.1

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Shiong Han Wee, certify that:

1. I have reviewed this quarterly report on Form 10-Q of WECONNECT Tech International, Inc.;

2. Based on my knowledge, this 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 report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer 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 15d-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 consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under 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; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

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

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 11, 2019	By:	/s/ Shiong Han Wee
	Name:	Shiong Han Wee
	Title:	Chief Executive Officer (Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Chow Wing Loke, certify that:

1. I have reviewed this quarterly report on Form 10-Q of WECONNECT Tech International, Inc.;

2. Based on my knowledge, this 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 report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer 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 15d-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 consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under 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; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

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

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 11, 2019	By:	/s/ Chow Wing Loke
	Name:	Chow Wing Loke
	Title:	Chief Financial Officer (Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of WECONNECT Tech International, Inc., a Nevada corporation (the “Company”), on Form 10-Q for the quarter ended April 30, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Shiong Han Wee, Chief Executive Officer of the Company, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: June 11, 2019	By:	/s/ Shiong Han Wee
	Name:	Shiong Han Wee
	Title:	Chief Executive Officer (Principal Executive Officer)

EX-32.2

Exhibit 32.2

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of WECONNECT Tech International, Inc., a Nevada corporation (the “Company”), on Form 10-Q for the quarter ended April 30, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Chow Wing Loke, Chief Financial Officer of the Company, hereby certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: June 11, 2019	By:	/s/ Chow Wing Loke
	Name:	Chow Wing Loke
	Title:	Chief Financial Officer (Principal Financial Officer)

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Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2019	May 29, 2019
Document And Entity Information
Entity Registrant Name	WECONNECT Tech International, Inc.
Entity Central Index Key	0001409175
Document Type	10-Q
Document Period End Date	Apr. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		593,610,070
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth	false
Entity Interactive Data Current	Yes
Entity Incorporation State	NV

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Consolidated Balance Sheets (Unaudited) - USD ($)	Apr. 30, 2019	Jul. 31, 2018
Current Assets
Cash and cash equivalents	$ 3,716	$ 14,159
Account receivables	1,907	179
Other receivables, deposits and prepayments	448,583	748,260
Amount due from related parties	3,409	38,353
Inventories	3,228	3,288
Total Current Assets	460,843	804,239
Plant and equipment, net	94,790	118,610
Total Non-Current Assets	94,790	118,610
Total Assets	555,633	922,849
Current Liabilities
Accounts payable	73,220	1,515
Other payables and accrued liabilities	211,721	250,624
Amount due to directors	0	51,920
Amount due to related parties	909,480	323,424
Current tax liabilities	21,210	10,792
Total Current Liabilities	1,215,631	638,275
Deferred taxation	9,431	9,605
Total Non-Current Liabilities	9,431	9,605
Total Liabilities	1,225,062	647,880
Stockholders' Deficit
Common Stock 593,610,070 shares issued and outstanding at April 30, 2019 and July 31, 2018	593,610	593,610
Additional paid-in capital	4,958,781	4,958,781
Accumulated loss	(5,998,564)	(5,048,961)
Accumulated other comprehensive loss	(223,256)	(228,461)
Total Stockholders' Equity	(669,429)	274,969
Total Liabilities and Stockholders' Equity	$ 555,633	$ 922,849

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Consolidated Balance Sheets (Unaudited) (Parenthetical) - shares	Apr. 30, 2019	Jul. 31, 2018
Statement of Financial Position [Abstract]
Common Stock, Shares, Issued	593,610,070	593,610,070
Common Stock, Shares, Outstanding	593,610,070	593,610,070

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Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Income Statement [Abstract]
Revenue	$ 644	$ (490)	$ 64,386	$ 15,913
Cost of Revenue	(162)	(12,410)	(10,242)	(70,255)
Gross Profit/(Loss)	482	(12,900)	54,144	(54,342)
Other Income	17	71,491	538	73,539
General and administrative expenses	(222,693)	(326,761)	(995,763)	(1,282,914)
Loss Before Taxation	(222,194)	(268,170)	(941,081)	(1,263,717)
Taxation	0	0	0	0
Loss After Taxation	(222,194)	(268,170)	(941,081)	(1,263,717)
Other Comprehensive Loss
Foreign Currency Translation Adjustment	8,282	123	9,780	(9,832)
Total Comprehensive Loss for The Year	$ (213,912)	$ (268,047)	$ (931,301)	$ (1,273,549)
Earnings Per Share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average number of common shares outstanding - Basic and diluted	593,610,070	88,583,262	593,610,070	88,583,262

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Cash flows from operating activities
Net loss	$ (941,081)	$ (1,263,717)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment	302,134	0
Depreciation of plant and equipment	20,634	22,342
Gain on disposal of PPE	(504)	(539)
Plant and equipment written off	0	51,868
Foreign translation reserve	(2,670)	(66,325)
Donated services and rent	0	1,500
Changes in operating assets and liabilities:
Account receivables	(1,735)	(695,936)
Other receivables, deposits and prepayments	(15,345)	3,258
Amount due to directors	(51,100)	(144,916)
Amount due from related parties	630,658	400,194
Account payables	71,834	(922,284)
Other payables and accrued liabilities	(24,637)	0
Net cash used in operating activities	(11,812)	(2,614,555)
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales proceeds from disposal of plant and equipment	2,087	1,513
Purchase of plant and equipment	(496)	(67,707)
Net cash generated from/(used in) investing activity	1,591	(66,194)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issued of share capital	0	2,629,433
Net cash generated from financing activity	0	2,629,433
Effect of exchange rate changes on cash and cash equivalents	(222)	0
Net change in cash and cash equivalents	(10,443)	(51,316)
Cash and cash equivalents - Beginning of period	14,159	74,091
Cash and cash equivalents - End of period	$ 3,716	$ 22,775

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1. Organization and Business Background

9 Months Ended

Apr. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Business Background

1. Organization and Business Background

WECONNECT Tech International Inc. was incorporated under the laws of the State of Nevada on April 25, 2007. For purposes of financial statements presentation, WECONNECT Tech International Inc. and its subsidiary are herein referred to as “the Company” or “We”.

Our business office is located at 1st Floor, Block A, Axis Business Campus, No. 13A & 13B, Jalan 225, Section 51A, 46100 Petaling Jaya, Selangor, Malaysia.

On June 8, 2018, we have acquired approximately 99.662% equity interest of MIG Mobile Tech Bhd., a public limited company incorporated in Malaysia. MIG Mobile Tech Bhd. is mainly engaged in e-commerce, online to offline marketplace and payment eco-system. The non-controlling interest remaining will be 0.338%. This transaction was accounted for as a transaction among entities under common control and the assets, liabilities, revenues, and expenses of MIG Mobile Tech Bhd. were carried over to and combined with the Company at historical cost, and as if the transfer occurred at the beginning of the period. We have conducted our business through MIG Mobile Tech Bhd. since then.

Details of the Company’s subsidiary:

No		Company Name	Place and date of incorporation	Particulars of issued capital	Principal activities
	1	MIG Mobile Tech Bhd	Malaysia Oct 1, 2015	50,000,000 of ordinary shares	E-commerce, online to offline marketplace and payment eco-system

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2. Summary of Significant Accounting Policies

9 Months Ended

Apr. 30, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Basis of Presentation

The interim financial information referred to above has been prepared and presented in conformity with accounting principles generally accepted in the United States applicable to interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. The interim financial information has been prepared on a basis consistent with prior interim periods and years and includes all disclosures that are necessary and required by applicable laws and regulations. This report on Form 10-Q should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended July 31, 2018.

In the opinion of management, all adjustments (consisting of normal and recurring accruals) considered necessary for fair presentation of the Company’s financial position, results of operations and cash flows have been included. Operating results for the nine months ended April 30, 2019, are not necessarily indicative of the results that may be expected for future quarters or the year ending July 31, 2019.

Basis of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiary. All inter-company accounts and transactions have been eliminated upon consolidation.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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. The Company regularly evaluates estimates and assumptions related to valuation of donated services and rent, fair value measurements and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Cash and Cash Equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. As of April 30, 2019, and July 31, 2018, the Company had $3,716 and $14,159 in cash and cash equivalents, respectively.

Plant and Equipment

Plant and equipment is stated at cost less accumulated depreciation and impairment. Depreciation of plant and equipment are calculated on the straight-line method over their estimated useful lives as follows:

Classification	Principal annual rate / Estimated useful lives
Computer hardware and software	4 years
Furniture and fittings	10 years
Office equipment	5 years
Telecommunication	2 years
Renovation	10 years
Signboard	5 years
Security and alarm system	4 years

Expenditures for maintenance and repairs are expenses as incurred.

Inventories

Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Statements of Operation and Comprehensive Income.

Revenue Recognition

Revenue recognized when it is probable that the economic benefits associated with the transaction will flow to the enterprise and the amount of the revenue can be measured reliably. Revenue is measured at the fair value of consideration received or receivable.

a)	Sales of goods
	Revenue from sales of goods is recognized when the significant risks and rewards of ownership have been transferred to the buyer. Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes application to the revenue.

b)	Rendering of Services
	Revenue from rendering of services is measured by reference to the stage of completions of the transaction at the reporting date.

c)	Interest income
	Interest income is recognized using the effective interest method and accrued on a timely basis.

Foreign Currencies Translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

The functional currency of the Company is the United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the subsidiary maintains its books and record in a local currency, Malaysian Ringgit (“MYR” or “RM”), which is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of other comprehensive income. The Company has not to, the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.

Translation of amounts from the local currency of the Company into US$1 has been made at the following exchange rates for the respective years:

	As of and for the period ended April 30,
	2019		2018
Period average MYR : US$1 exchange rate		4.1257		4.0702
Period end MYR : US$1 exchange rate		4.1355		3.9195

Fair Value of Financial Instruments

The carrying value of the Company’s financial instruments: cash and cash equivalents, trade receivable, deposits and other receivables, amount due to related parties and other payables approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Income Tax

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. 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 that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. There were no significant deferred tax items as of April 30, 2019 and July 31, 2018.

The Company applied the provisions of ASC 740-10-50, Accounting for Uncertainty in Income Taxes, which provides clarification related to the process associated with accounting for uncertain tax position recognized in our financial statements. Audit periods remain open for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. At April 30, 2019 and July 31, 2018, management considered that the Company had no uncertain tax positions and will continue to evaluate for uncertain positions in the future.

Basic and Diluted Net Income/(Loss) Per Share

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. Diluted earnings per share excludes all dilutive potential shares if their effect is anti-dilutive. As at April 30, 2019 and 2018, there were no potentially dilutive securities outstanding.

Recent Accounting Pronouncements

Management has considered all recent accounting pronouncements issued and their potential effect on our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's condensed financial statements.

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3. Related Party Transactions

9 Months Ended

Apr. 30, 2019

Related Party Transactions [Abstract]

Related Party Transactions

3. Related Party Transactions

During the nine months ended April 30, 2019, MIG Network & Consultancy Sdn. Berhad (the “MIG Network and Consultancy”), a Malaysian company that Executive Directors of the Company are the major shareholders, has advanced in an aggregate amount of $909,480, equivalent to RM3,761,155 to the Company for working capital purpose. The advances were unsecured, interest free, and due on demand. As of April 30, 2019, and July 31, 2018, there were $909,480 and $323,424 advances outstanding, respectively.

	For the Nine Months ended		For the Nine Months ended
	April 30, 2019		April 30, 2018
Revenue generated from:
North Cloud Sdn. Bhd.	$	26,662	$	–
MIG O2O Berhad		19,391		–
MIG Network & Consultancy Sdn. Bhd.		8,483		13,334
MIG Mobile Tech Limited		–		33
MIG F&B Chain Sdn. Bhd.		–		134
WPAY International Berhad		8,962		–
	$	63,498	$	13,501
Payroll outsourcing charge back to:
MIG O2O Berhad	$	36,365	$	75,199
MIG Network & Consultancy Sdn. Bhd.		1,572		1,698
MIG Next Tech Sdn. Bhd.		–		364
North Cloud Sdn. Bhd.		18,225		–
	$	56,162	$	77,261
Rental paid to:
MIG Network & Consultancy Sdn. Bhd.	$	58,503	$	50,321
Legal fee paid to:
MIG Network & Consultancy Sdn. Bhd.	$	6,850	$	6,948

	April 30, 2019		July 31, 2018
Amount due from related parties:
MIG Network & Consultancy Sdn. Bhd.	$	3,409	$	–
MIG Mobile Tech Limited		–		38,353
	$	3,409	$	38,353
Amount due to related parties:
MIG Network & Consultancy Sdn. Bhd.	$	909,480	$	323,424
Amount due to directors:
Shiong Han Wee	$	–	$	6,414
Kwueh Lin Wong		–		45,506
	$	–	$	51,920
Accruals for director fee:
Ho Pui Hold	$	3,000	$	–
Wong Mun Wai		1,500		–
	$	4,500	$	–

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4. Stockholders' Equity

9 Months Ended

Apr. 30, 2019

Equity [Abstract]

Stockholders' Equity

4. Stockholders’ Equity

Common Stock

As of April 30, 2019, and July 31, 2018, there are 593,610,070 shares of common stock issued and outstanding.

Preferred Stock

As of April 30, 2019, and July 31, 2018, there are no issued and outstanding preferred stocks.

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5. Legal Proceedings

9 Months Ended

Apr. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Legal Proceedings

5. Legal Proceedings

On November 12, 2018, MIG Mobile Tech Berhad, a subsidiary of the Company, filed a claim against Digiland Private Limited (“Digiland”) for breach of contract and misrepresentation arising from, among other things, Digiland’s failure to perform under its supplier contract with the Company. In its suit, MIG Mobile Tech Berhad is seeking a return of funds previously paid to Digiland in the amount of S$800,000 Singapore Dollars (approximately US $596,000) together with a claim for damages to be assessed by the Singapore Court. Within the same suit, Digiland has filed a counterclaim against MIG Mobile Tech Berhad for the balance of the payment due to it under contract in the sum of S$800,000, together with a claim for damages to be assessed by the Singapore Court.

In accordance with applicable accounting guidance, the Company records accruals for certain of its outstanding legal proceedings, investigations or claims when it is probable that a liability will be incurred and the amount of loss can be reasonably estimated. The Company evaluates, on a quarterly basis, developments in legal proceedings, investigations or claims that could affect the amount of any accrual, as well as any developments that would make a loss contingency both probable and reasonably estimable. The Company discloses the amount of the accrual if the financial statements would be otherwise misleading, which was not the case for the three months ended April 30, 2019.

Prior to the filing of its claims against Digiland, the Company recognized the amount of $596,912 in receivable, deposits and prepayments. The amount is being recognized as deposit because the development of the application-based software has not been materialized to-date. Upon the filing of its claims, the Company expects to recognize an impairment in the amount of $298,456. The Company is unable to ascertain the result of the legal proceedings as the proceedings are in the early stages and there is uncertainty arising from the development of the case.

Excluding fees paid to external legal counsel, litigation-related expenses and accruals previously recognized, the Company do not expect to recognize additional accruals for litigation-related expense for the next quarter.

We expect that the aggregate range of reasonably possible losses, in excess of accruals established, if any, for such legal proceeding is likely to range from S$800,000 and upwards if Digiland prevails in its counterclaim against us. The estimated aggregate range of reasonably possible losses is based upon currently available information for those proceedings in which the Company is involved, taking into account the Company’s best estimate of such losses for those cases for which such estimate can be made. Those matters for which an estimate is not possible are not included within this estimated range. Therefore, such range represents what the Company believes to be an estimate of possible loss only for those matters meeting such criteria. It does not represent the Company’s maximum loss exposure.

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6. Subsequent Events

9 Months Ended

Apr. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

6. Subsequent Events

There is no subsequent events as of April 30, 2019.

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7. Commitment and Contingencies

9 Months Ended

Apr. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitment and Contingencies

7. Commitment and Contingencies

The Company and Artemis Tech Sdn. Bhd., or Artemis, are parties to an agreement effective September 14, 2018, pursuant to which Artemis agreed to develop and enhance our web-based Merchant Management System for MYR 747,500 (approximately US$180,490). The Company paid US$43,428 for the first stage of development work performed on September 21, 2018. The remaining cost to complete the web-based Merchant Management System in future is approximately US$137,062. We expect the work to conclude on or about December 31, 2019. The foregoing description of the Merchant Management System development agreement is qualified in its entirety by reference to such agreement, which is filed as Exhibit 10.1 to this quarterly report on Form 10-Q and incorporated herein by reference.

The Company and Ang Swie Kheong are parties to an agreement effective March 12, 2018, pursuant to which Ang Swie Kheong agreed to develop an electronic wallet system for MYR400,000 (approximately US$96,855). The Company had paid a total of US$48,427 for the first stage of application development on April 5, 2018, and July 25, 2018. The remaining cost to complete the electronic wallet system in future is approximately US$48,428. We expect the work to conclude on or about December 31, 2019. The foregoing description of the E Wallet Agreement development agreement is qualified in its entirety by reference to such agreement, which is filed as Exhibit 10.2 to this quarterly report on Form 10-Q and incorporated herein by reference.

The Company entered into an agreement with Digiland Pte. Ltd. on September 12, 2017, amounting to SGD$1,600.00 (approximately US$1,189,061) for eMobile Apps (User and Merchant) and Backed Admin Web Portal. The remaining cost to complete the eMobile Apps (User and Merchant) and Backed Admin Web Portal in future is approximately US$617,559. The Company and Digiland are parties to legal claims against each other, as more fully described in Note 5 Legal Proceedings of Notes to our Consolidated Financial Statements.

Subsequent to the financial year end, the Company’s future lease payments of US$5,929 per month for office premise is expected to end on Oct 31, 2019.

When a loss contingency is not both probable and estimable, the Company does not establish an accrued liability. However, if the loss (or an additional loss in excess of the accrual) is at least a reasonable possibility and material, then the Company discloses an estimate of the possible loss or range of loss, if such estimate can be made or discloses that an estimate cannot be made.

The assessments whether a loss is probable or a reasonable possibility, and whether the loss or a range of loss is estimable, often involve a series of complex judgments about future events. Management is often unable to estimate a range of reasonably possible loss, particularly where (i) the damages sought are substantial or indeterminate, (ii) the proceedings are in the early stages, or (iii) the matters involve novel or unsettled legal theories or a large number of parties. In such cases, there is considerable uncertainty regarding the timing or ultimate resolution of such matters, therefore, no contingencies were provided as at April 30, 2019.

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8. Comparative Figures

9 Months Ended

Apr. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Comparative Figures

8. Comparative Figures

The comparative figures in fiscal year ended July 31, 2018 have been restated due to the acquisition of our subsidiary company, MIG Mobile Tech Bhd., on June 8, 2018, which was accounted for as a Reverse Take Over under common control.

The comparative figures have been reclassified to conform with the current period presentation.

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2. Summary of Significant Accounting Policies (Policies)

9 Months Ended

Apr. 30, 2019

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The interim financial information referred to above has been prepared and presented in conformity with accounting principles generally accepted in the United States applicable to interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. The interim financial information has been prepared on a basis consistent with prior interim periods and years and includes all disclosures that are necessary and required by applicable laws and regulations. This report on Form 10-Q should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended July 31, 2018.

In the opinion of management, all adjustments (consisting of normal and recurring accruals) considered necessary for fair presentation of the Company’s financial position, results of operations and cash flows have been included. Operating results for the nine months ended April 30, 2019, are not necessarily indicative of the results that may be expected for future quarters or the year ending July 31, 2019.

Basis of Consolidation

Basis of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiary. All inter-company accounts and transactions have been eliminated upon consolidation.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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. The Company regularly evaluates estimates and assumptions related to valuation of donated services and rent, fair value measurements and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. As of April 30, 2019, and July 31, 2018, the Company had $3,716 and $14,159 in cash and cash equivalents, respectively.

Plant and Equipment

Plant and Equipment

Plant and equipment is stated at cost less accumulated depreciation and impairment. Depreciation of plant and equipment are calculated on the straight-line method over their estimated useful lives as follows:

Classification	Principal annual rate / Estimated useful lives
Computer hardware and software	4 years
Furniture and fittings	10 years
Office equipment	5 years
Telecommunication	2 years
Renovation	10 years
Signboard	5 years
Security and alarm system	4 years

Expenditures for maintenance and repairs are expenses as incurred.

Inventories

Inventories

Inventories consisting of products available for sell, are stated at the lower of cost or market value. Cost of inventory is determined using the first-in, first-out (FIFO) method. Inventory reserve is recorded to write down the cost of inventory to the estimated market value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand, and promotional environment. The Company takes ownership, risks and rewards of the products purchased. Write downs are recorded in cost of revenues in the Statements of Operation and Comprehensive Income.

Revenue Recognition

Revenue Recognition

Revenue recognized when it is probable that the economic benefits associated with the transaction will flow to the enterprise and the amount of the revenue can be measured reliably. Revenue is measured at the fair value of consideration received or receivable.

a)	Sales of goods
	Revenue from sales of goods is recognized when the significant risks and rewards of ownership have been transferred to the buyer. Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes application to the revenue.

b)	Rendering of Services
	Revenue from rendering of services is measured by reference to the stage of completions of the transaction at the reporting date.

c)	Interest income
	Interest income is recognized using the effective interest method and accrued on a timely basis.

Foreign Currencies Translation

Foreign Currencies Translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations.

The functional currency of the Company is the United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the subsidiary maintains its books and record in a local currency, Malaysian Ringgit (“MYR” or “RM”), which is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of other comprehensive income. The Company has not to, the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.

Translation of amounts from the local currency of the Company into US$1 has been made at the following exchange rates for the respective years:

	As of and for the period ended April 30,
	2019		2018
Period average MYR : US$1 exchange rate		4.1257		4.0702
Period end MYR : US$1 exchange rate		4.1355		3.9195

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The carrying value of the Company’s financial instruments: cash and cash equivalents, trade receivable, deposits and other receivables, amount due to related parties and other payables approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” ("ASC 820-10"), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Income Tax

Income Tax

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. 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 that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. There were no significant deferred tax items as of April 30, 2019 and July 31, 2018.

The Company applied the provisions of ASC 740-10-50, Accounting for Uncertainty in Income Taxes, which provides clarification related to the process associated with accounting for uncertain tax position recognized in our financial statements. Audit periods remain open for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. At April 30, 2019 and July 31, 2018, management considered that the Company had no uncertain tax positions and will continue to evaluate for uncertain positions in the future.

Basic and Diluted Net Income (Loss) Per Share

Basic and Diluted Net Income/(Loss) Per Share

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive. Diluted earnings per share excludes all dilutive potential shares if their effect is anti-dilutive. As at April 30, 2019 and 2018, there were no potentially dilutive securities outstanding.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Management has considered all recent accounting pronouncements issued and their potential effect on our financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's condensed financial statements.

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1. Organization and Business Background (Tables)

9 Months Ended

Apr. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Company subsidary table

No		Company Name	Place and date of incorporation	Particulars of issued capital	Principal activities
	1	MIG Mobile Tech Bhd	Malaysia Oct 1, 2015	50,000,000 of ordinary shares	E-commerce, online to offline marketplace and payment eco-system

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2. Summary of Significant Accounting Policies (Tables)

9 Months Ended

Apr. 30, 2019

Accounting Policies [Abstract]

Plant and equipment useful lives

Classification	Principal annual rate / Estimated useful lives
Computer hardware and software	4 years
Furniture and fittings	10 years
Office equipment	5 years
Telecommunication	2 years
Renovation	10 years
Signboard	5 years
Security and alarm system	4 years

Currency translation table

	As of and for the period ended April 30,
	2019		2018
Period average MYR : US$1 exchange rate		4.1257		4.0702
Period end MYR : US$1 exchange rate		4.1355		3.9195

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3. Related Party Transactions (Tables)

9 Months Ended

Apr. 30, 2019

Related Party Transactions [Abstract]

Schedule of related party transactions

	For the Nine Months ended		For the Nine Months ended
	April 30, 2019		April 30, 2018
Revenue generated from:
North Cloud Sdn. Bhd.	$	26,662	$	–
MIG O2O Berhad		19,391		–
MIG Network & Consultancy Sdn. Bhd.		8,483		13,334
MIG Mobile Tech Limited		–		33
MIG F&B Chain Sdn. Bhd.		–		134
WPAY International Berhad		8,962		–
	$	63,498	$	13,501
Payroll outsourcing charge back to:
MIG O2O Berhad	$	36,365	$	75,199
MIG Network & Consultancy Sdn. Bhd.		1,572		1,698
MIG Next Tech Sdn. Bhd.		–		364
North Cloud Sdn. Bhd.		18,225		–
	$	56,162	$	77,261
Rental paid to:
MIG Network & Consultancy Sdn. Bhd.	$	58,503	$	50,321
Legal fee paid to:
MIG Network & Consultancy Sdn. Bhd.	$	6,850	$	6,948

	April 30, 2019		July 31, 2018
Amount due from related parties:
MIG Network & Consultancy Sdn. Bhd.	$	3,409	$	–
MIG Mobile Tech Limited		–		38,353
	$	3,409	$	38,353
Amount due to related parties:
MIG Network & Consultancy Sdn. Bhd.	$	909,480	$	323,424
Amount due to directors:
Shiong Han Wee	$	–	$	6,414
Kwueh Lin Wong		–		45,506
	$	–	$	51,920
Accruals for director fee:
Ho Pui Hold	$	3,000	$	–
Wong Mun Wai		1,500		–
	$	4,500	$	–

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1. Organization and Business Background (Details Narrative) - MIG Mobile Tech Bhd [Member]	9 Months Ended
	Apr. 30, 2019	Jun. 08, 2018
Ownership percentage		99.662%
Date of incorporation	Oct. 01, 2015
Issued capital	50,000,000 ordinary shares

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2. Summary of Significant Accounting Policies (Details - Property useful lives)	9 Months Ended
	Apr. 30, 2019
Computer hardware and software [Member]
Property useful lives	4 years
Furniture and fittings [Member]
Property useful lives	10 years
Office Equipment [Member]
Property useful lives	5 years
Telecommunication [Member]
Property useful lives	2 years
Renovation [Member]
Property useful lives	10 years
Signboard [Member]
Property useful lives	5 years
Security and alarm system [Member]
Property useful lives	4 years

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2. Summary of Significant Accounting Policies (Details - Currency conversion) - M Y R [Member]	Apr. 30, 2019	Apr. 30, 2018
Quarterly Average [Member]
Currency exchange rate	4.1257	4.0702
Quarter End [Member]
Currency exchange rate	4.1355	3.9195

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2. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Apr. 30, 2019	Jul. 31, 2018	Apr. 30, 2018	Jul. 31, 2017
Accounting Policies [Abstract]
Cash and cash equivalents	$ 3,716	$ 14,159	$ 22,775	$ 74,091
Antidilutive shares	0	0

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3. Related Party Transactions (Details - Revenue and payroll) - USD ($)	9 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Revenues from related parties	$ 63,498	$ 13,501
Payroll outsourcing [Member]
Costs paid to related parties	56,162	77,261
North Cloud Sdn Bhd [Member]
Revenues from related parties	26,662	0
North Cloud Sdn Bhd [Member] | Payroll outsourcing [Member]
Costs paid to related parties	18,225	0
MIG O2O Berhad [Member]
Revenues from related parties	19,391	0
MIG O2O Berhad [Member] | Payroll outsourcing [Member]
Costs paid to related parties	36,365	75,199
MIG Network and Consultancy [Member]
Revenues from related parties	8,483	13,334
MIG Network and Consultancy [Member] | Payroll outsourcing [Member]
Costs paid to related parties	1,572	1,698
MIG Network and Consultancy [Member] | Rental Fees [Member]
Costs paid to related parties	58,503	50,321
MIG Network and Consultancy [Member] | Legal Fees [Member]
Costs paid to related parties	6,850	6,948
MIG Next Tech [Member] | Payroll outsourcing [Member]
Costs paid to related parties	0	364
MIG Mobile Tech Bhd [Member]
Revenues from related parties	0	33
MIG F&B Chain Sdn Bhd [Member]
Revenues from related parties	0	134
WPAY International Berhad [Member]
Revenues from related parties	$ 8,962	$ 0

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3. Related Party Transactions (Details - Due to/from Related Parties) - USD ($)	Apr. 30, 2019	Jul. 31, 2018
Due from related parties	$ 3,409	$ 38,353
Due to related parties	909,480	323,424
Due to directors	0	51,920
Accruals for director fees	4,500	0
MIG Network and Consultancy [Member]
Due from related parties	3,409	0
Due to related parties	909,480	323,424
MIG Mobile Tech [Member]
Due from related parties	0	38,353
Shiong Han Wee [Member]
Due to directors	0	6,414
Kwueh Lin Wong [Member]
Due to directors	0	45,506
Ho Pui Hold [Member]
Accruals for director fees	3,000	0
Wong Mun Wai [Member]
Accruals for director fees	$ 1,500	$ 0

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3. Related Party Transactions and Balances (Details Narrative)	9 Months Ended
	Apr. 30, 2019 USD ($)
MIG Network and Consultancy [Member]
Proceeds from related party	$ 909,480

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4. Stockholders' Equity (Details Narrative) - shares	Apr. 30, 2019	Jul. 31, 2018
Equity [Abstract]
Common stock, issued	593,610,070	593,610,070
Common stock, outstanding	593,610,070	593,610,070

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5. Legal Proceedings (Details Narrative) - USD ($)	Apr. 30, 2019	Jul. 31, 2018
Other receivables, deposits and prepayments	$ 448,583	$ 748,260
Digiland [Member]
Other receivables, deposits and prepayments	596,912
Impairment of possible legal settlement	$ 298,456

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7. Commitment and Contingencies (Details Narrative)	9 Months Ended
	Apr. 30, 2019 USD ($)
Future lease payment per month	$ 5,929
Artemis [Member] | Merchant Management System [Member]
Contract obligation	180,490
Progess payment made	43,428
Cost to complete	137,062
Ang Swie Kheong [Member] | Electronic Wallet System [Member]
Contract obligation	96,855
Progess payment made	48,427
Cost to complete	48,428
Digiland [Member] | eMobile Apps [Member]
Contract obligation	1,189,061
Cost to complete	$ 617,559