FY --07-31 2023 No 0001787412 false 10-K false NV

 2023-01-31

 2023-12-29

 2021-06-09

 2022-12-30

 2022-07-29

 UNITED
STATES

 SECURITIES
AND EXCHANGE COMMISSION

 WASHINGTON,
D.C. 20549

 FORM

 [X] ANNUAL
 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

 FOR
THE FISCAL YEAR ENDED July 31, 2023

 OR

 [ ] TRANSITION
 REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
the transition period from to

 COMMISSION
FILE NUMBER: 000-56233

 WB
Burgers Asia, INC.

 (Exact
name of registrant as specified in its charter)

 Nevada

 00-0000000

 (State
 or other jurisdiction

 of
 incorporation or organization)

 (I.R.S.
 Employer Identification No.)

 3F
 K's Minamiaoyama

 6-6-20
 Minamiaoyama, Minato-ku, Tokyo 107-0062, Japan

 107-0062

 (Address
 of Principal Executive Offices)

 (Zip
 Code)

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

 Securities
to be registered under Section 12(g) of the Exchange Act:

 Title
 of each class

 Name
 of each exchange on which

 registered

 Stock, $0.0001

 N/A

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

 [
] Yes [X] No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

 [
] Yes [X] No

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 [X] No

by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data
File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding
12 months (or for such shorter period that the registrant was required to submit and post such files).

 [ ]
Yes [X] No

by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated
by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

 [
]

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

 Large
accelerated filer [ ] Accelerated filer [ ] Non-accelerated
filer [X] Smaller reporting company [X]
 Emerging growth company [X]

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

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 [ ] Yes
 [X] No

 As of January
31, 2023, the last business day of the registrant's most recently completed second fiscal quarter, the aggregate market value of
the voting common stock held by non-affiliates of the registrant was approximately $ 13,111,025
 based on the closing price per share (or $0.0124), of the registrant's
common stock as reported by OTC Markets Group Inc.

 As of December
29, 2023, there were 2,072,642,444 shares
of the Registrant's Common Stock issued and outstanding.

 -
1 -

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 TABLE
OF CONTENTS

 WB
Burgers Asia, INC.

 DESCRIPTION

 PAGE

 Cautionary
 Statements Regarding Forward Looking Statements

 PART
 I

 Item

 Business

 Item
 1A

 Risk
 Factors

 Item
 1B

 Unresolved
 Staff Comments

 Item

 Properties

 Item

 Legal
 Proceedings

 Item

 Mine
 Safety Disclosures

 PART
 II

 Item

 Market
 for Registrant's Common Equity, Related Stockholder Matters and ases of Equity Securities

 Item

 Selected
 Financial Data

 Item

 Management's
 Discussion and Analysis of Financial Condition and Results of Operations

 Item
 7A

 Quantitative
 and Qualitative Disclosures about Market Risk

 Item

 Financial
 Statements and Supplementary Data

 F1-F10

 Item

 Changes
 in and Disagreements With Accountants on Accounting and Financial Disclosure

 Item
 9A

 Controls
 and Procedures

 Item
 9B

 Other
 Information

 PART
 III

 Item

 Directors,
 Executive Officers and Corporate Governance

 Item

 Executive

 Item

 Security
 Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item

 Certain
 Relationships and Related Transactions, and Director Independence

 Item

 Principal
 Accounting Fees and Services

 PART
 IV

 Item

 Exhibits,
 Financial Statement Schedules

 Signatures

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2 -

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 CAUTIONARY
STATEMENT REGARDING FORWARD LOOKING STATEMENTS

 This
Current Report on Form 10-K contains forward-looking statements which involve risks and uncertainties, principally in the sections entitled
"Business", and "Management's Discussion and Analysis of Financial Condition and Results of Operations".
All statements other than statements of historical fact contained in this Current Report on Form 10-K, including statements regarding
future events, our future financial performance, business strategy and plans and objectives of management for future operations, are
forward-looking statements. We have attempted to identify forward-looking statements by terminology including "anticipates",
"believes", "can", "continue", "could", "estimates", "expects",
"intends", "may", "plans", "potential", "predicts", or "should",
or the negative of these terms or other comparable terminology. Although we do not make forward-looking statements unless we believe
we have a reasonable basis for doing so, we cannot guarantee their accuracy. These statements are only predictions and involve known
and unknown risks, uncertainties and other factors that may appear in this Current Report on Form 10-K, which may cause our or our industry's
actual results, levels of activity, performance or achievements expressed or implied by these forward-looking statements to vary. Moreover,
we operate in a very competitive and rapidly changing environment. New risks emerge from time to time and it is not possible for us to
predict all risk factors, nor can we address the impact of all factors on our business or the extent to which any factor, or combination
of factors, may cause our actual results to differ materially from those contained in any forward-looking statements. All forward-looking
statements included in this document are based on information available to us on the date hereof, and we assume no obligation to update
any such forward-looking statements, except as expressly required by law.

 You
should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this Current Report on
Form 10-K. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after
the date of this Current Report on Form 10-K to conform our statements to actual results or changed expectations.

 All
dollar amounts used throughout this Report are in US Dollars, unless otherwise stated. All amounts in Japanese Yen used throughout this
Report are preceded by JPY, for example JPY 500, is referring to 500 Japanese Yen.

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 PART
I

 Item
1. Business

 Corporate
History

 We
were ori ginally incorporated in the state of Nevada on August 30, 2019, under the name Business
Solutions Plus, Inc.

 On
August 30, 2019, Paul Moody was appointed Chief Executive Officer,
Chief Financial Officer, President, Secretary, Treasurer, and Director.

 On
February 9, 2021, the Company filed, with the Secretary of State of Nevada ("NSOS"), Restated Articles of Incorporation.

 On
March 4, 2021, Business Solutions Plus, Inc., (the "Company" or "Successor") announced on Form 8-K plans to participate
in a holding company reorganization ("the Reorganization" or "Merger") with InterActive Leisure Systems, Inc.
("IALS" or "Predecessor"), the Company and Business Solutions Merger Sub, Inc. ("Merger Sub"), collectively
(the "Constituent Corporations") pursuant to NRS 92A.180, NRS A.200, NRS 92A.230 and NRS 92A.250.

prior to the Reorganization, the Company was a direct and wholly owned subsidiary of Interactive Leisure Systems, Inc. and Business Solutions
Merger Sub, Inc. was a direct and wholly owned subsidiary of the Company.

 As
disclosed in our 8-K filed on March 26, 2021, the above-mentioned Reorganization was legally effective as of March 31, 2021.

 Each
share of Predecessor's common stock issued and outstanding immediately prior to the Effective Time was converted into one validly
issued, fully paid and non-assessable share of Successor common stock. The control shareholder, (at the time) of the Predecessor, Flint
Consulting Services, LLC, ("Flint") a Wyoming limited liability company became the same control shareholder of the Successor.
Jeffrey DeNunzio, as sole member of Flint was deemed to be the indirect and beneficial holder of 405,516,868 shares of Common Stock and
1,000,000 shares of Series A Preferred Stock of the Company representing, at the time, approximately 93.70% voting control of the Company.
Paul Moody, (our now former sole officer/director), was the same officer/director of the Predecessor. There was no other shareholder(s)
or any officer/director holding at least 5% of the outstanding voting shares of the Company.

prior to the Effective Time, and under the respective articles of incorporation of Predecessor and Successor, the Successor Capital Stock
had the same designations, rights, and powers and preferences, and the qualifications, limitations, and restrictions thereof, as the
Predecessor Capital Stock which was automatically converted pursuant to the reorganization.

prior to the Effective Time, the articles of incorporation and bylaws of Successor, as the holding company, contain provisions identical
to the Articles of Incorporation and Bylaws of Predecessor immediately prior to the merger, other than as permitted by NRS 92A.200.

prior to the Effective Time, the articles of incorporation of Predecessor stated that any act or transaction by or involving the Predecessor,
other than the election or removal of directors of the Predecessor, that requires for its adoption under the NRS or the Articles of Incorporation
of Predecessor the approval of the stockholders of the Predecessor, shall require in addition the approval of the stockholders of Successor
(or any successor thereto by merger), by the same vote as is required by the articles of Incorporation and/or the bylaws of the Predecessor.

prior to the Effective Time, the articles of incorporation and bylaws of Successor and Merger Sub were identical to the articles of incorporation
and bylaws of Predecessor immediately prior to the merger, other than as permitted by NRS 92A.200;

 The
Boards of Directors of Predecessor, Successor, and Merger Sub approved the Reorganization, shareholder approval not being required pursuant
to NRS 92A.180;

 The
Reorganization constituted a tax-free organization pursuant to Section 368(a)(1) of the Internal Revenue Code;

 Successor
common stock traded in the OTC Markets under the Predecessor ticker symbol "IALS" under which the common stock of Predecessor
previously listed and traded until the new ticker symbol "BSPI" was announced April 14, 2021, on the Financial Industry Regulatory
Authority's daily list with a market effective date of April 15, 2021. The CUSIP Number 45841W107 for IALS's common stock
was suspended upon market effectiveness. The Company received a new CUSIP Number 12330M107.

 After
completion of the Holding Company Reorganization, the Company cancelled all of its stock held in Predecessor resulting in the Company
as a stand-alone and separate entity with no subsidiaries, no assets and negligible liabilities. The Company abandoned the business plan
of its Predecessor and resumed its former business plan of a blank check company after completion of the Merger.

 On
May 4, 2021, Business Solutions Plus, Inc., a Nevada Corporation (the "Company"), entered into a Share Purchase Agreement
(the "Agreement") by and among Flint Consulting Services, LLC, a Wyoming Limited Liability Company ("FLINT"),
and White Knight Co., Ltd., a Japan Company ("WKC"), pursuant to which, on May 7, 2021, ("Closing Date"), FLINT
sold 405,516,868 shares of the Company's Restricted Common Stock and 1,000,000 Shares of Series A Preferred Stock, representing,
at the time, approximately 93.70% voting control of the Company. The consummation of the transactions contemplated by the Agreement resulted
in a change in control of the Company, with WKC becoming the Company's largest controlling stockholder.

 The
sole shareholder of White Knight Co., Ltd., a Japanese Company, is Koichi Ishizuka.

 On
May 7, 2021, Mr. Paul Moody resigned as the Company's Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer,
and Director.

 On
May 7, 2021, Mr. Koichi Ishizuka was appointed as the Company's Chief Executive Officer, Chief Financial Officer, President, Secretary,
Treasurer, and Director.

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 A
Certificate of Amendment to change our name, from Business Solutions Plus, Inc., to WB Burgers Asia, Inc. was filed with the Nevada Secretary
of State on June 18, 2021, with a legal effective date of July 2, 2021. The name change to WB Burgers Asia, Inc., as well as a change
of our ticker symbol from BSPI to WBBA, was announced by FINRA, via their "daily list", on July 7, 2021, with a market effective
date of both on July 8, 2021. The new CUSIP number associated with our common stock, as of the market effective date of July 8, 2021,
is 94684P100.

 On
July 1, 2021, we filed an amendment to our Articles of Incorporation with the Nevada Secretary of State, resulting in an increase to
our authorized shares of common stock from 500,000,000 to 1,500,000,000.

 Subsequent
to the above action, on or about July 1, 2021, we sold 9,090,909 shares of restricted common stock to SJ Capital Co., Ltd., a Japanese
Company, at a price of $0.20 per share of common stock. The total subscription amount paid by SJ Capital Co., Ltd. was approximately
$1,818,181.80 or approximately 200,000,000 Japanese Yen.

 SJ
Capital Co., Ltd., is owned and controlled by Senju Pharmaceutical Co., Ltd., a Japanese Company.

 Mr.
Takeshi Sugisawa, the President of SJ Capital Co., Ltd., authorized the above transaction on behalf of SJ Capital Co., Ltd. Both SJ Capital
Co., Ltd., and Senju Pharmaceutical Co., Ltd. are considered non-related parties to the Company.

 The
proceeds from the above sale of shares went to the Company to be used for working capital.

 On
August 24, 2021, we sold 1,363,636 shares of restricted common stock to Yasuhiko Miyazaki, a Japanese Citizen, at a price of $0.20 per
share of common stock. The total subscription amount paid by Yasuhiko Miyazaki was approximately $272,727 or approximately 30,000,000
Japanese Yen. Mr. Yasuhiko Miyazaki is not a related party to the Company. The proceeds from the above sale of shares went to the Company
to be used for working capital.

 In
regards to all of the above transactions, the Company claims an exemption from registration afforded by Section Regulation S of the Securities
Act of 1933, as amended ("Regulation S") for the above sales/issuances of the stock since the sales/issuances of the stock were made
to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed
selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting

 On
August 30, 2021, our largest controlling shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole officer
and director, Koichi Ishizuka, sold a total of 353,181,818 shares of restricted common stock of the Company to the following parties
in the respective quantities:

 Name of Purchaser

 Common Shares Purchased

 Price Paid Per Share

 Total Amount Paid ($)

 101,363,636

 $0.0001

 10,136.00

 Rei Ishizuka 1

 50,000,000

 $0.0001

 5,000.00

 Kiyoshi Noda

 100,909,091

 $0.0001

 10,091.00

 Yuma Muranushi

 100,909,091

 $0.0001

 10,091.00

 1 Rei
Ishizuka is the wife of our sole officer and director, Mr. Koichi Ishizuka.

 In
regards to all of the above transactions White Knight Co., Ltd. claims an exemption from registration afforded by Section Regulation
S of the Securities Act of 1933, as amended ("Regulation S") for the above sales of the stock since the sales of the stock were made
to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed
selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting

 On September
14, 2021, we entered into an "Acquisition Agreement" with White Knight Co., Ltd., a Japan Company, whereas we issued 500,000,000
shares of restricted common stock to White Knight Co., Ltd., in exchange for 100% of the equity interests of WB Burgers Japan Co., Ltd.,
a Japan Company. Following this transaction, WB Burgers Japan Co., Ltd. became our wholly owned subsidiary which we now operate through.

 In
regards to the above transaction, the Company claims an exemption from registration afforded by Section Regulation S of the Securities
Act of 1933, as amended ("Regulation S") for the above sales/issuances of the stock since the sales/issuances of the stock were made
to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed
selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting

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 The
aforementioned Acquisition Agreement is attached as Exhibit 10.1 to our Form 8-K filed with the Securities and Exchange Commission on
September 14, 2021. All references to the Acquisition Agreement are qualified, in their entirety, by the text of such exhibit.

 White
Knight Co., Ltd., is owned entirely by our sole officer and director, Koichi Ishizuka. White Knight Co., Ltd. is our largest controlling
shareholder.

 WB
Burgers Japan Co., Ltd., referred to herein as "WBJ" or "WBBJ", which we operate through and share the same business
plan of, holds the rights to the "Master Franchise Agreement" with Jakes' Franchising LLC, a Delaware
Limited Liability Company, as it pertains to the establishment and operation of Wayback Burger Restaurants within the country of Japan.

 The
Master Franchise Agreement provides WBJ the right to establish and operate Wayback Burgers restaurants in the country of Japan, and also
license affiliated and unaffiliated third parties ("Franchisees") to establish and operate Wayback Burgers restaurants in
the Country of Japan. The Master Franchise Agreement, amongst other things, also provides WBJ the right of first refusal to
enter into a subsequent Master Franchise Agreement with Jake's Franchising, LLC to establish and operate Wayback Burgers restaurants
in the Countries of Indonesia, Malaysia (Eastern Malaysia only, Western Malaysia if it becomes available as it is currently licensed
to another party), the Philippines, Vietnam, China, India, Korea, Thailand, Singapore, and Taiwan.

 WB
Burgers Japan Co., Ltd. seeks to make "Wayback Burgers" a nationally recognized brand, if not a household name, within the
country of Japan through the promotion and opening of various Wayback Burgers Restaurants.

 Following the
acquisition of our wholly owned subsidiary, WB Burgers Japan Co., Ltd., on September 14, 2021, we ceased to be a shell company. Immediately
upon our acquisition of WB Burgers Japan Co., Ltd. we adopted the same business plan as WB Burgers Japan Co., Ltd.

 On
October 22, 2021, we sold 2,252,252 shares of restricted common stock to Shokafulin LLP, a Japan Company, which is controlled by Takuya
Watanabe, a Japanese Citizen, at a price of $0.20 per share of common stock. The total subscription amount paid by Shokafulin LLP was
approximately $450,450 or approximately 50,000,000 Japanese Yen. Shokafulin LLP and Mr. Watanabe are not related parties to the Company.
The proceeds from the above sale of shares went to the Company to be used for working capital.

 The
aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The
sale of shares was made only to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore
transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates,

 On
November 6, 2021, our largest controlling shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole officer
and director, Koichi Ishizuka, sold a total of 14,347,826 shares of restricted common stock to the following parties in the respective
quantities:

 Name of Purchaser

 Common Shares Purchased

 Price Paid Per Share ($)

 Total Approximate Amount
 Paid ($)

 M&A Company 1

 1,304,348

 0.20

 260,870

 Michinari Yamamoto

 1,304,348

 0.20

 260,870

 Atsushi Morikawa

 1,304,348

 0.20

 260,870

 Motoki Hirai

 1,304,348

 0.20

 260,870

 Tomonori Yoshinaga

 1,739,130

 0.20

 347,826

 Go Watanabe

 3,043,478

 0.20

 608,696

 Okakichi Co., Ltd 2

 4,347,826

 0.20

 869,565

 Total

 14,347,826

 0.20

 2,869,567

 1 The
authorized party of M&A Company, a Japan entity, is Akihiro Ando.

 2 The
authorized party of Okakichi Co., Ltd, a Japan entity, is Shigeru Okada.

 In
regards to all of the above transactions White Knight Co., Ltd. claims an exemption from registration afforded by Section Regulation
S of the Securities Act of 1933, as amended ("Regulation S") for the above sales of the stock since the sales of the stock were made
to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed
selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting

 On
November 9, 2021, our wholly owned subsidiary, WB Burgers Japan Co., Ltd., consummated a lease agreement with Arai Co., Ltd., a Japanese
realty group, for the location of our first Wayback Burgers restaurant. The property is located in the popular shopping plaza of Omotesando,
located in the Tokyo prefecture.

 On
December 27, 2021, we sold 1,315,789 shares of restricted Common Stock to Takahiro Fujiwara, Japanese Citizen, at a price of $0.20 per
share of Common Stock. The total subscription amount paid by Takahiro Fujiwara was approximately $263,158. Takahiro Fujiwara is not a

 The
aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The
sale of shares was made only to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore
transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates,

 On
or about February 8, 2022, we incorporated Store Foods Co., Ltd., a Japan Company. Store Foods Co., Ltd. is a wholly owned subsidiary
of the Company. Currently, Koichi Ishizuka is the sole officer and director of Store Foods Co., Ltd.

 To
date, Store Foods Co., Ltd. has yet to commence material operations. While our future plans for Store Foods Co., Ltd. are not definitive
and may change, our intended business purpose for this company are as follows:

 1.
Food sales;

 2.
Food wholesale and retail;

 3.
Chain organizations consisting of food retailers as members;

 4.
Restaurants;

 5.
Manufacturing and sales of boxed lunches for catering;

 6.
Alcohol sales;

 7.
Health supplement and health drink sales;

 8.
Manufacturing and sales of functional foods;

 9.
Lease of goods related to restaurant management;

 10.
System development;

 11.
Delivery;

 12.
Application development and sales;

 13.
Advertising;

 14.
Management consulting;

 15.
All businesses incidental to any of the above.

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 On
March 11, 2022 we opened our first flagship Wayback Burgers location to the public in the Omotesando shopping plaza. At this location,
we offer an array of quick bites, including but not limited to traditional hamburgers, fries, shakes, and other alternatives.

 On
March 29, 2022, 869,565 shares of restricted Common Stock were sold to Hidemi Arasaki, Japanese Citizen, by our controlling shareholder,
White Knight Co., Ltd., at a price of $0.20 per share of Common Stock. This was a private sale, not a sale made by the Company. The total
amount paid by Hidemi Arasaki was approximately $173,913. Hidemi Arasaki is not a related party to the Company.

 The
aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The
sale of shares was made only to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore
transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates,

 On
May 20, 2022, we dismissed our independent registered public accounting firm, BF Borgers CPA PC ("BFG") effective immediately.
This decision was approved by the Company's Board of Directors, comprised solely of Koichi Ishizuka.

 On
May 20, 2022, we engaged M&K CPAS, PLLC ("M&K") as our new independent registered public accounting firm. This decision
was approved by the Company's Board of Directors, comprised solely of Koichi Ishizuka.

 On
August 8, 2022, we sold 1,586,538 shares of restricted Common Stock to Takahiro Fujiwara, a Japanese Citizen, at a price of $0.032 per
share of Common Stock. The total subscription amount paid by Takahiro Fujiwara was approximately $50,769. Takahiro Fujiwara is not a

 On
August 8, 2022, we sold 2,403,846 shares of restricted Common Stock to Shokafulin LLP, a Japanese Company, at a price of $0.032 per share
of Common Stock. The total subscription amount paid by Shokafulin LLP was approximately $76,923. Shokafulin LLP is not a related party
to the Company.

 On
August 12, 2022, we sold 32,065,458 shares of restricted Common Stock to Asset Acceleration Axis, LLC, a Japanese Company, at a price
of $0.034 per share of Common Stock. The total subscription amount paid by Asset Acceleration Axis, LLC was approximately $1,090,226.
Asset Acceleration Axis, LLC is not a related party to the Company.

 The
proceeds from these sales went to the Company to be used as working capital.

 The
aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The
sale of shares was made only to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore
transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates,

 In
August of 2022, we, through our wholly owned subsidiary, WB Burgers Japan Co., Ltd., entered into and consummated a rental agreement
with "Kitchen Depot" for a ghost kitchen in the Tamachi neighborhood of Minato, Tokyo, Japan. From this location the Company
had offered food delivery of Wayback Burgers menu items, such as those offered at the Company's physical "dine in"
restaurant location in the Omotesando shopping plaza, located in Tokyo, Japan.

 Following
notice provided to Kitchen Depot in September of 2023, in November of 2023, the Company terminated its rental agreement with Kitchen
Depot, as well as its operations at its ghost kitchen in the Tamachi neighborhood of Minato, Tokyo, Japan. The Company has no plans to
resume operations at this location at any juncture, as it believes this location is unlikely to be profitable, considering the low volume
of orders it received while this location was operational.

 On
September 13, 2022, we sold 7,262,324 shares of restricted Common Stock to Asset Acceleration Axis, LLC, a Japanese Company, at a price
of $0.032 per share of Common Stock. The total subscription amount paid by Asset Acceleration Axis, LLC was approximately $232,395. Asset
Acceleration Axis, LLC is not a related party to the Company.

 The
proceeds from these sales went to the Company to be used as working capital.

 The
aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The
sale of shares was made only to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore
transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates,

 On
October 4, 2022, 3,472,222 shares of restricted Common Stock of the Issuer were sold to Mitsuru Ueno, a Japanese Citizen, by White Knight
Co., Ltd., at a price of $0.001 per share of Common Stock. This was a private sale. The total amount paid by Mitsuru Ueno was approximately
$3,472.

 On
October 4, 2022, 3,472,222 shares of restricted Common Stock of the Issuer were sold to Motoki Hirai, a Japanese Citizen, by White Knight
Co., Ltd., at a price of $0.001 per share of Common Stock. This was a private sale. The total amount paid by Motoki Hirai was approximately
$3,472.

 The
aforementioned sales of shares, on October 4, 2022, were conducted pursuant to Regulation S of the Securities Act of 1933, as amended
("Regulation S"). The sale of shares was made only to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S),
pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of
their respective affiliates, or any person acting on behalf of any of the foregoing.

 On
February 6, 2023, we sold 10,033,445 shares of restricted Common Stock to Kazuya Iwasaki, a Japanese Citizen, at a price of $0.023 per
share of Common Stock. The total subscription amount paid by Kazuya Iwasaki was approximately $230,769. Kazuya Iwasaki is not a related

 On
February 6, 2023, we sold 3,344,482 shares of restricted Common Stock to Shokafulin LLP, a Japanese Company, at a price of $0.023 per
share of Common Stock. The total subscription amount paid by Shokafulin LLP was approximately $76,923. Shokafulin LLP is not a related

 The
proceeds from these sales went to the Company to be used as working capital.

 The
aforementioned sales of shares were conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The
sales of shares were made only to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore
transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates,

 On
August 9, 2023, we sold 434,783 shares of restricted Common Stock to Takahiro Fujiwara, a Japanese Citizen, at a price of $0.023 per
share of Common Stock. The total subscription amount paid by Takahiro Fujiwara was approximately $10,000. Takahiro Fujiwara is not a

 The
Company intends to use the proceeds from the aforementioned sale of shares for working capital.

 The
aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The
sale of shares was made only to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore
transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates,

 On
August 17, 2023, our majority shareholder, White Knight Co., Ltd., and Koichi Ishizuka, our sole Officer and Director, executed a resolution
to ratify, affirm, and approve to file an Amended and Restated Certificate of Incorporation.

 The
Amended and Restated Certificate of Incorporation was filed with the Nevada Secretary of State on August 17, 2023, effective immediately.

 The
Amended and Restated Certificate of Incorporation resulted in an increase to the authorized shares of our Common Stock from One Billion
Five Hundred Million (1,500,000,000) to Five Billion (5,000,000,000). It also revised the rights of Series A Preferred Stock, now allowing
each one (1) share of Series A Preferred Stock to be converted into one thousand (1,000) shares of Common Stock at the discretion of
the holder(s) of Series A Preferred Stock.

 On
August 18, 2023, our majority shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole Officer and Director,
Koichi Ishizuka, elected to convert its 1,000,000 shares of Series A Preferred Stock of WB Burgers Asia, Inc. into shares of Common Stock.
This conversion has been approved by the Company, and the conversion became effective on August 18, 2023. Every 1 share of Series A Preferred
Stock was converted into 1,000 shares of Common Stock, for a total of 1,000,000,000 shares of Common Stock.

 On
or about September 12, 2023, we sold 1,488,982 shares of restricted common stock to Shokafulin LLP, a Japanese Company, which is controlled
by Takuya Watanabe, a Japanese citizen, at a price of approximately $0.023 per share of common stock.

 The
total subscription amount paid by Shokafulin LLP was approximately $34,247. Shokafulin LLP and Mr. Watanabe are not related parties to
the Company.

 The
proceeds from the above sale of shares went to the Company to be used for working capital.

 The
aforementioned sale of shares was conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The
sale of shares was made only to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore
transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates,

 At
this time, we are pending review of a FINRA corporate action, to effect a 100 to 1 Reverse Stock Split. Pursuant to the action, there
is to be no change in the quantity of our authorized shares of Common Stock or Preferred Stock.

 The
legal date of the Certificate of Change that we have filed with the Nevada Secretary of State on December 6, 2023, in connection with
our Reverse Stock Split, will not be the same exact date as the FINRA effective date of our Reverse Stock Split. We anticipate that we
will file an 8-K with the Securities and Exchange Commission after completion of our FINRA corporate action that may include, amongst
other details, our new CUSIP number for our Common Stock and other pertinent information.

 -
7 -

 Table

 Japanese
Food-Service Market

 The
Japanese Food-Service Market is Segmented by Type (Full-service Restaurants, Quick Service Restaurants, Cafes, Bars, 100% Home Delivery
Restaurants, Street Stalls and Kiosks) and Structure (Independent Consumer Food Service and Chained Consumer Food Service). We believe
Japanese consumers, in general, tend to be highly demanding, putting great emphasis on quality and branding and are willing to spend
more resources on value-added products. ( 1)

 The
Japanese food service market was valued at USD 142.84 billion in 2020, and it is projected to witness a CAGR of 0.84% during the forecast
period, 2021 - 2026. The coronavirus pandemic has made short-term projections hard to predict, with sales in March 2020 down almost 40%
for some food companies. Japanese food service operators, which rely on lunch and dinner demand from business workers, are also suffering
as more companies have employees working from home at the government's request. ( 1)

 According
to a report released by TableCheck Inc., the percentage of reservations (dining reservations) being canceled increased about 3.6 times
before the pandemic for groups of 10 or more. A French restaurant and bar named Scene near Hachioji Station on the Keio Line, earlier
in June 2020, launched take-out and delivery services which we believe many others will begin offering if not already, due in part to
the changing attitudes of dining out as a result of the pandemic. We believe take-out and delivery services, along with menu options
that are quick to prepare, increasing in consumer demand. ( 1)

 The
variety of restaurants and menu items available in the Japanese food service industry continues to expand in the country, as Japanese
consumers are interested in trying a new and vast variety of cuisines, which are available at their convenience in Japan. Food from Europe,
Asia, Australia, and the Americas are becoming increasingly popular, partly due to a large number of Japanese traveling abroad every
year.

 The
Japanese food service market is highly competitive, with a major market share held by prominent companies, such as McDonald's Corporation,
Yum! Brands Inc., Zensho Holdings Co. Ltd, Skylark Group, MOS Food Services Inc., and Yoshinoya Holdings Co. Ltd. Zensho Holdings Co.
Ltd, with the largest market share of 2.76% in 2020, emerging as the market leader, and Skylark Group holding the second-largest share
with 1.66%. ( 1)

 Currently,
in the Japanese market, hamburgers and related fast-food options have been prevalent, with high-end gourmet hamburgers being in the most
expensive category consisting usually of single restaurant locations, followed by lesser expensive hamburger options via chain restaurants
such as Shake Shack and MOS Premiums. The size of the current market for hamburgers in Japan is approximately $6.6 Billion (2020), and
has been steadily increasing ever since 2015. It is also projected to grow by approximately 5% over the next few years. Hamburgers are
considered to be one of the few food categories that were not affected by COVID-19 in Japan and were able to take advantage of home deliveries
and to-go orders during the pandemic. (Source: Fuji Keizai Group 2020.)

 Source:

 1.

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8 -

 Table

 Business
Information

 WB
Burgers Japan Co., Ltd., referred to herein as "WBJ", which we operate through and share the same business plan of, holds
the rights to the "Master Franchise Agreement" with Jakes' Franchising LLC, a Delaware Limited Liability
Company, as it pertains to the establishment and operation of Wayback Burger Restaurants within the country of Japan.

 The
Master Franchise Agreement provides WBJ the right to establish and operate Wayback Burgers restaurants in the country of Japan, and also
license affiliated and unaffiliated third parties ("Franchisees") to establish and operate Wayback Burgers restaurants in
the Country of Japan, this agreement lasts for a term of twenty years, unless it is terminated sooner in accordance with terms outlined
in the Master Franchise Agreement, and may be extended one additional, consecutive term of ten years. In exchange for such rights, we
paid Jake's Franchising $2,700,000 USD, and we must pay an additional $10,000 for each additional company operated Wayback Burgers
restaurant and for each sub-franchised location the fee is either $10,000 or 28.57% of the initial franchise fee collected for such Restaurant,
whichever is greater. Additionally, there is also a royalty fee in the amount of three percent (3%) of the Gross Sales of all Company-Operated
Wayback Burgers Restaurants in the Country and the greater of two percent (2%) of the Gross Sales of all Franchised Wayback Burgers Restaurants
in the Country or forty percent (40%) of the royalty fees collected for all Franchised Wayback Burgers Restaurants in the Country. The
Master Franchise Agreement, amongst other things, also provides WBJ the right of first refusal to enter into a subsequent
Master Franchise Agreement with Jake's Franchising, LLC to establish and operate Wayback Burgers restaurants in the Countries of
Indonesia, Malaysia (Eastern Malaysia only, Western Malaysia if it becomes available as it is currently licensed to another party), the
Philippines, Vietnam, China, India, Korea, Thailand, Singapore, and Taiwan.

 The
Master Franchise Agreement dictates specific duties we must perform which include, but are not limited to, providing Jake's Franchising
with plans and specifications for restaurant locations, provide employees with Wayback Burgers mandated training, present Jake's
Franchising with copies of all potential advertising and promotional material, etc. Furthermore, we are required to open one Wayback
Burgers restaurant by the end of the 2022 calendar year, three restaurants by the end of the 2023 calendar year, and an additional three
restaurants must open, and remain in operation, every following year until December 31, 2041, at which time we must have sixty Wayback
Burgers restaurants open and in operation. If we fail to meet these targets, then we would need to renegotiate terms with Jake's
Franchising, or we could potentially lose our master franchise rights in their entirety. As of the date of this report, the Company has
not adhered to the stipulated requirements outlined in the Master Franchise Agreement concerning the establishment of additional restaurant
locations. While the Company has received informal assurance, through verbal discussions with representatives of Jake's Franchising,
that no penalties will be imposed, there remains the potential for Jake's Franchising to exercise their discretion and terminate
the Master Franchise Agreement unless the Company achieves full compliance with all specified terms. In the event of such termination,
the Company's operational outcomes would be adversely affected, necessitating a significant alteration of our business plan, or
potentially raising questions about the feasibility of sustaining our operations.

 For
full terms and details of the Master Franchise Agreement, one can view a complete copy which has been filed as an exhibit to the Form
8-K filed with the Securities and Exchange Commission on September 16, 2021.

 WB
Burgers Japan Co., Ltd. seeks to make "Wayback Burgers" a nationally recognized brand, if not a household name, within the
country of Japan through the promotion and opening of various Wayback Burgers Restaurants.

 Following
the acquisition of our wholly owned subsidiary, WB Burgers Japan Co., Ltd., on September 14, 2021, we ceased to be a shell company. Immediately
upon our acquisition of WB Burgers Japan Co., Ltd. we adopted the same business plan as WB Burgers Japan Co., Ltd.

 Background

 The
first Wayback Burgers, previously known as Jake's Wayback Burgers, began with a single location in Newark, Delaware approximately
thirty-one years ago in 1991, offering a combination of burgers, hot dogs, fries, milkshakes, and other similar menu options. Since then,
it has reached a global scale with a presence in the US, Europe, Africa, and Asia with hundreds of corporate owned restaurants and over
five hundred franchise locations worldwide offering much of the same comfort items many have grown accustomed to, with the addition of
a few menu items specifically geared toward the pallets of those in various demographics.

 The
products we seek to offer in our anticipated location(s), and those we seek to franchise to within Japan, will also offer many of the
same product offerings many are accustomed to elsewhere such as hamburgers, hot dogs chicken sandwiches, hand-dipped milkshakes, various
side dishes, fresh salad, kid's meals, refreshing drinks and alcoholic beverages. We intend to source our ingredients in any of
our current or future location(s) from highly regarded local Japanese suppliers in order to satisfy the food quality standards as set
by Wayback Burgers Inc., within the United States.

 Our
First Location

 On
November 9, 2021, our wholly owned subsidiary, WB Burgers Japan Co., Ltd., consummated a lease agreement with Arai Co., Ltd., a Japanese
realty group, for the location in which we now operate our first Wayback Burgers restaurant. The property is located in the popular shopping
plaza of Omotesando, located in the Tokyo prefecture, in the country of Japan. We believe the high volume of foot traffic and shopping
will yield a large group of patrons seeking to try our product offerings.

 On
March 11, 2022 we opened our first flagship Wayback Burgers location to the public in the Omotesando shopping plaza in Japan. We offer
an array of quick bites, including, but not limited to, traditional hamburgers, fries, shakes, and other alternatives.

 Other
Current Locations

 In
August of 2022, we, through our wholly owned subsidiary, WB Burgers Japan Co., Ltd., entered into and consummated a rental agreement
with "Kitchen Depot" for a ghost kitchen in the Tamachi neighborhood of Minato, Tokyo, Japan. Following notice provided to
Kitchen Depot in September of 2023, in November of 2023, we terminated our rental agreement with Kitchen Depot and we ceased all operations
through our, now former, ghost kitchen location in Tamachi. The Company has no plans to resume operations at this location at any juncture,
as it believes this location is unlikely to be profitable, considering the low volume of orders it received while this location was operational.

 On
October 1, 2023, an agreement was established between our company and Next Meats Co., Ltd., spanning a three-year duration, concerning
the licensing of logos and related assets. Subsequently, in November 2023, the operation of a ghost kitchen named "NEXT Restaurant" commenced
at our flagship Omotesando location. This initiative stems from a collaboration between our company and Next Meats Holdings, Inc., particularly
its subsidiary Next Meats Co., Ltd., aimed at opening a venue offering Next Meats menu selections, including, amongst other menu items,
the prominently featured "NEXT Pizza".

 The
majority of menu items available at this ghost kitchen are sourced from Mama Foods Co., Ltd., a manufacturer of products for Next Meats
Holdings, Inc. Consequently, 1% of the sales generated at this restaurant location are remitted to Next Meats Co., Ltd., as part of the
collaborative agreement.

 From
time to time, we purchase food products that we offer through our menu items from Mama Foods Co., Ltd., a Japanese Company owned and
controlled by our sole officer and director, Koichi Ishizuka.

Ishizuka is an executive officer and director of Next Meats Holdings, Inc., and through his direct and indirect ownership of Next Meats
Holdings, Inc., he is deemed to be the controlling shareholder of Next Meats Holdings, Inc.

 Mobile
Application

 The
Company has entered the final stage of development for its own mobile application for food delivery services. At present, the Company
is finalizing development, and is in the process of finalizing plans for the launch of the application, hiring delivery staff, etc. However,
there is currently no specific timeframe established for the intended launch of the mobile application.

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9 -

 Table

 Marketing
Strategy

 In
order to grow an initial customer base, from which we intend to launch future expansion efforts, our marketing strategy begins with the
physical location of our flagship restaurant. Our current location in Omotesando is in a shopping center with high foot-traffic that
can serve to attract not only customers, but also future franchisee prospects throughout Japan. For future franchisee locations, we intend
to identify areas where competitors are not already located, such as road-side in the outskirts of major cities, and open our restaurants
in these areas.

 However,
we do not intend to rely solely on our physical location in order to attract customers, we also are in the early stages of our marketing
stratagem comprised, in part, of SNS (social networking service) marketing through collaboration with influencers and celebrities, magazine
advertisements, and expansive television and media appearances.

 Wayback
Burgers in Japan intends to position itself as a newly entered and authentic American hamburger brand, comparable to our competitor Shack
Shake, while contrasting ourselves through offering higher quality foods at competitive price points. We plan to achieve this by focusing
on the ingredients, such as the option of vegetables in our hamburgers, the increased diameter of our meat patties, and the overall volume
of our menu items.

 Expansion
Plans

 We
have forecasted our expansion plans over the next few years, however, as we have a limited operating history, we may find that our plans
may be materially altered, expanded, or curtailed as dictated by market forces at the time. As such, our expansion plans should be read
as a framework for our future goals, but not a guarantee that we will carry out any or all such operations in the indicated timeline.

 At
present, our expansion plans are as follows:

 -
On March 11, 2022, we opened our first flagship Wayback Burgers location to the public in the Omotesando shopping plaza in Japan. We
offer an array of quick bites, including, but not limited to, traditional hamburgers, fries, shakes, and other alternatives. We intend
to utilize our franchise location to host meetings with all franchise candidates. In addition to our general marketing plans, which includes
social media and internet advertising, we intend to utilize our flagship location to showcase any collaborative events/activities that
we may engage in, which we believe may assist us in garnering the interest of future franchisees.

 -
By the conclusion of 2024, we are aiming to open five Wayback Burgers restaurants throughout Japan, with one of these restaurants directly
managed by us while the remaining four would ideally be franchise locations. This number may increase or decrease depending on the results
of our operations.

 -
Additionally, by the conclusion of 2024, we intend to execute another master franchise agreement in Asia for the right to open Wayback
Burgers restaurants in another Asian country or territory. We have not yet identified which country or territory we will seek to acquire
these rights for first. As noted previously, we have the right of first refusal to enter into a subsequent Master Franchise Agreement
with Jake's Franchising, LLC to establish and operate Wayback Burgers restaurants in the Countries of Indonesia, Malaysia (Eastern
Malaysia only, Western Malaysia if it becomes available as it is currently licensed to another party), the Philippines, Vietnam, China,
India, Korea, Thailand, Singapore, and Taiwan.

 Partnerships

 The
company believes partnerships are a vital means to expansion and that partnerships with other food institutions or distributors may allow
the Company to provide menu items that might appeal to a larger demographic within the Japanese market.

 Our
current Officer and Director, Koichi Ishizuka has existing ties and relationships with Next Meats Co., Ltd. a Japanese plant alternative
meat company, that produces and sells plant-based foods (predominantly meat alternatives) to consumers. As a result of the collaboration
with Next Meats Co., Ltd., at our flagship Wayback Burgers restaurant we have been able to add alternative meat options into its menu,
we have opened the "NEXT Restaurant" ghost kitchen at our Omotesando location, and in the future we may create custo mized
menu options as provided by Next Meats Co., Ltd. Menu alterations are subject to approval by Jake's Franchising, LLC. It is the
belief of management that such offerings can gain a larger market share in the country of Japan allowing for greater growth potential.
However, such plans are speculative and may not materialize. It is also possible that if such plans do materialize, they may not result
in the expected level of growth the Company forecasts as a result of the partnership or partnerships it enters into. Additionally, we
may explore the possibility of entering into an agreement with Dr. Foods, Inc., a company in the "alternative meat" industry
which has common management with the Company.

 It
should be noted that Koichi ishizuka has an equity interest in Next Meats Holdings, Inc., a Nevada Company. He also currently serves
as Chief Executive Officer, Chief Financial Officer, and Director of Next Meats Holdings, Inc. Next Meats Co., Ltd. is a wholly owned
subsidiary of Next Meats Holdings, Inc. Koichi Ishizuka is also the Sole Officer, Director, and controlling shareholder of Dr. Foods,
Inc.

 Furthermore,
the company has established an informal partnership with Mama Foods Co., Ltd. This collaboration involves Mama Foods Co., Ltd. supplying
Next Meats products, which are then made available for purchase at our NEXT Restaurant ghost kitchen venue. Notably, Mama Foods Co.,
Ltd., serving as the main manufacturer for Next Meats Co., Ltd.'s products, operates under indirect ownership and control by our sole
officer and director, Koichi Ishizuka.

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10 -

 Table

 Government
Regulations

 The
below does not extensively detail every single law and regulation to which the Company may be subject to, but rather provides an overview
of the kind of food safety standards to which our restaurant(s) will be held.

 The
main law that governs food quality and integrity in Japan is the Food Sanitation Act ("FSA") and the law that comprehensively governs
food labelling regulation is the Food Labelling Act.

 The
FSA regulates food quality and integrity by:

 -
Establishing standards and specifications for food, additives, apparatus, and food containers and packaging;

 -
Providing for inspection to see whether the established standards are met;

 -
Providing for hygiene management in the manufacture and sale of food; and

 -
Requiring food businesses to be licensed.

 Under
the FSA, additives and foods containing additives must not be sold, or be produced, imported, processed, used, stored, or displayed for
marketing purposes unless the Minister of Health, Labour and Welfare ("MHLW") has declared them as having no risk to human health after
seeking the views of the Pharmaceutical Affairs and Food Sanitation Council ("PAFSC"). In addition, it is not permissible to add any
processing aids, vitamins, minerals, novel foods or nutritive substances to food unless they have been expressly declared by the MHLW
as having no risk to human health.

 The
MHLW may establish specifications for methods of producing, processing, using, cooking, or preserving food or additives to be served
to the public for marketing purposes ("Specifications"), or may establish standards for food ingredients or additives to be served to
the public for marketing purposes ("Standards") pursuant to the FSA. Accordingly, where substances are allowed to be added to food, they
may only be used within the limits expressly set by the Specifications and Standards.

 In
order to operate a restaurant in Japan, we were required to obtain, and have obtained, a restaurant business license from a local health
center. The requirement to obtain this license is that we must have, and we currently do have, an employee to act as a director of food
sanitation, and a fire protection manager. Additionally, we must pay consumption tax, corporate tax, social insurance for our employees,
as well as welfare pension for our employees. We follow all related guidelines and the company directly pays all such fees in order to
remain in compliance.

 Employees

 Currently,
we, "WB Burgers Asia, Inc.", have only one employee, our sole officer and director Koichi Ishizuka. Mr. Ishizuka does not
have any employment agreement with the Company, and has not entered into any formal agreement with the company pertaining to compensation.
Our wholly subsidiary, WB Burgers Japan Co., Ltd. has thirty nine salaried staff members. Four employees are full time, and thirty five
employees are part time. The employees are comprised primarily of staff members who operate our restaurant location.

the period ending July 31, 2023, the Company paid White Knight Co., Ltd. $917,895 for compensation expenses. White Knight Co., Ltd.
is owned and controlled by our sole officer and director, Koichi Ishizuka.

 Item
1A. Risk Factors.

 As
a smaller reporting company, as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for
by this Item.

 Item
1B. Unresolved Staff Comments.

 The
Company filed a Form S-1/A with the Securities and Exchange Commission on September 22, 2023. Regarding this form, the Company received
a comment letter from the Securities and Exchange Commission on October 18, 2023, to which it has not yet responded. The Company plans
to address the outstanding comment letter within the next sixty days.

 Item
2. Properties.

 At
present, we do not own any properties. However, we do lease our restaurant location.

 Our
flagship restaurant location is currently leased from Arai Co., Ltd., a Japanese realty group,

 Details
of the Leased Property: The property is located at 6-19-20 No.15 Arai Bldg Jingumae Shibuya-Ku, Tokyo, Japan, which is in a popular shopping
location that is only a minute walk from the Omotesando Station. The deposit is 35,000,000 JPY ($304,000) and the monthly rent is 3,850,000
JPY (including tax) ($33,475). The term of the lease extends from November 9, 2021 to January 8, 2024, and has the option to be extended
indefinitely for additional two-year periods. The interior space is 157.82 (1698.760 square ft), and the terrace space is 145.06
 (1561.413 square ft), which accounts for a total usable space of 302.88 (3260.173 square ft).

 Below
are a few photographs of this physical restaurant location. Logos and branding of neighboring businesses have been blurred out in the
image below.

 In
August of 2022, we, through our wholly owned subsidiary, WB Burgers Japan Co., Ltd., entered into and consummated a rental agreement
with "Kitchen Depot" for a ghost kitchen in the Tamachi neighborhood of Minato, Tokyo, Japan. Following notice provided to
Kitchen Depot in September of 2023, in November of 2023, we terminated our rental agreement with Kitchen Depot and we ceased all operations
through our, now former, ghost kitchen location in Tamachi.

 Item
3. Legal Proceedings.

 From
time to time, we may become party to litigation or other legal proceedings that we consider to be a part of the ordinary course of our
business. The Company is not currently involved in legal proceedings that could reasonably be expected to have a material adverse effect
on our business, prospects, financial condition or results of operations.

 In
May of 2023, a shareholder of Next Meats Holdings, Inc. ("NXMH"), a company controlled by our sole officer and director,
Koichi Ishizuka, brought an action against Koichi Ishizuka and White Knight Co., Ltd., in the Southern District of New York for recovery
of alleged short swing profits earned from the sale of NXMH common stock, under Section 16(b) of the Securities Exchange Act of 1934.
Koichi Ishizuka and White Knight Co., Ltd. are vigorously defending this matter.

 WB
Burgers Asia, Inc. has no direct exposure in connection with the lawsuit and this action should not be considered material to the Company.

 Item
4. Mine Safety Disclosures.

 Not
applicable.

 -
11 -

 Table

 PART
II

 Item
5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

 Market
 Information

 Our
common stock was quoted on the over-the-counter market (the "OTC Markets") in the Pink Open Market (the "Pink
Market") under the symbol "WBBA". Given our delinquent SEC Reporting status, we have recently been demoted by the OTC
Markets to the "Expert Market" tier under the same symbol.

 Quotations
in Expert Market securities are restricted from public viewing. We anticipate that we will resume trading on the Pink Open Market
when we are current in our SEC reporting obligations once again. Currently, we are delinquent in filing our Form 10-Q for the quarterly
period ended October 31, 2023. We intend to file this report subsequent to the filing of this Form 10-K, however we cannot state with
any level of specificity exactly when the delinquent report will be filed as we remain active in preparing the report.

 There
is currently a limited trading market in the Company's shares of common stock. Generally speaking, our shares of common stock are,
and have been thinly traded, meaning our shares cannot be easily purchased or sold and have a low volume of shares trading per day which
can lead to volatile changes in price per share.

 Over-the-counter
market quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual
transactions.

 Quarter
 Ended

 High
 Bid

 Low
 Bid

 October

 $0.0799

 $0.0008

 July

 $0.0009

 $0.0002

 April
 30, 2023

 $0.034

 $0.0002

 January

 $0.0445

 $0.01

 October

 $0.0472

 $0.0169

 July

 $0.0672

 $0.0185

 April
 30, 2022

 $0.247

 $0.021

 January,

 $0.3455

 $0.1101

 October
 31, 2021

 $0.46

 $0.162

 Holders

 As
of December 29, 2023, we have 2,072,642,444 shares of Common Stock, $0.0001 par value, issued and outstanding and no shares of Preferred
Stock, $0.0001 par value, issued and outstanding.

 As
of December 29, 2023, we have approximately 224 shareholders of record. This is inclusive of Cede and Co., which is deemed to be one
shareholder of record. For further clarification, Cede & Co. is currently defined by the "NASDAQ", as "a Nominee
name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order
to expedite the sale and transfer of stock."

 Dividends

 We
have not paid any cash dividends to date and do not anticipate or contemplate paying dividends in the foreseeable future. It is the present
intention of our management to utilize all available funds for the development of our business.

 Issuer
Purchases of Equity Securities

 None.

 Equity
Compensation Plan Information

 Not
applicable.

 Recent
Sales of Unregistered Securities; Uses of Proceeds from Registered Securities

 On
or about about July 1, 2021, we sold 9,090,909 shares of restricted common stock to SJ Capital Co., Ltd., a Japanese Company, at a price
of $0.20 per share of common stock. The total subscription amount paid by SJ Capital Co., Ltd. was approximately $1,818,181.80 or approximately
200,000,000 Japanese Yen.

 SJ
Capital Co., Ltd., is owned and controlled by Senju Pharmaceutical Co., Ltd., a Japanese Company.

 Mr.
Takeshi Sugisawa, the President of SJ Capital Co., Ltd., authorized the above transaction on behalf of SJ Capital Co., Ltd. Both SJ Capital
Co., Ltd., and Senju Pharmaceutical Co., Ltd. are considered non-related parties to the Company. The proceeds from the above sale of
shares went to the Company to be used for working capital.

 On
August 24, 2021, we sold 1,363,636 shares of restricted common stock to Yasuhiko Miyazaki, a Japanese Citizen, at a price of $0.20 per
share of common stock. The total subscription amount paid by Yasuhiko Miyazaki was approximately $272,727 or approximately 30,000,000
Japanese Yen. Mr. Yasuhiko Miyazaki is not a related party to the Company. The proceeds from the above sale of shares went to the Company
to be used for working capital.

 On September
14, 2021, we entered into an "Acquisition Agreement" with White Knight Co., Ltd., a Japan Company, whereas we issued 500,000,000
shares of restricted common stock to White Knight Co., Ltd., in exchange for 100% of the equity interests of WB Burgers Japan Co., Ltd.,
a Japan Company. Following this transaction, WB Burgers Japan Co., Ltd. became our wholly owned subsidiary which we operate through.

 The
aforementioned Acquisition Agreement is attached as Exhibit 10.1 to our Form 8-K filed with the Securities and Exchange Commission on
September 14, 2021. All references to the Acquisition Agreement are qualified, in their entirety, by the text of such exhibit. White
Knight Co., Ltd., is owned entirely by our sole officer and Director, Koichi Ishizuka. White Knight Co., Ltd. is our largest controlling
shareholder.

 On
October 22, 2021, we sold 2,252,252 shares of restricted common stock to Shokafulin LLP, a Japan Company, which is controlled by Takuya
Watanabe, a Japanese Citizen, at a price of $0.20 per share of common stock. The total subscription amount paid by Shokafulin LLP was
approximately $450,450 or approximately 50,000,000 Japanese Yen. Shokafulin LLP and Mr. Watanabe are not related parties to the Company.
The proceeds from the above sale of shares went to the Company to be used for working capital.

 -
12 -

 Table

 On
December 27, 2021, we sold 1,315,789 shares of restricted Common Stock to Takahiro Fujiwara, Japanese Citizen, at a price of $0.20 per
share of Common Stock. The total subscription amount paid by Takahiro Fujiwara was approximately $263,158. Takahiro Fujiwara is not a
related party to the Company. The proceeds from the above sale of shares went to the Company to be used for working capital.

 On
August 8, 2022, we sold 1,586,538 shares of restricted Common Stock to Takahiro Fujiwara, a Japanese Citizen, at a price of $0.032 per
share of Common Stock. The total subscription amount paid by Takahiro Fujiwara was approximately $50,769. Takahiro Fujiwara is not a

 On
August 8, 2022, we sold 2,403,846 shares of restricted Common Stock to Shokafulin LLP, a Japanese Company, at a price of $0.032 per share
of Common Stock. The total subscription amount paid by Shokafulin LLP was approximately $76,923. Shokafulin LLP is not a related party
to the Company.

 On
August 12, 2022, we sold 32,065,458 shares of restricted Common Stock to Asset Acceleration Axis, LLC, a Japanese Company, at a price
of $0.034 per share of Common Stock. The total subscription amount paid by Asset Acceleration Axis, LLC was approximately $1,090,226.
Asset Acceleration Axis, LLC is not a related party to the Company.

 The
Company intends to use the proceeds from the aforementioned sales of shares for working capital.

 On
September 13, 2022, we sold 7,262,324 shares of restricted Common Stock to Asset Acceleration Axis, LLC, a Japanese Company, at a price
of $0.032 per share of Common Stock. The total subscription amount paid by Asset Acceleration Axis, LLC was approximately $232,395. Asset
Acceleration Axis, LLC is not a related party to the Company.

 The
Company intends to use the proceeds from the aforementioned sales of shares for working capital.

 On
February 6, 2023, we sold 10,033,445 shares of restricted Common Stock to Kazuya Iwasaki, a Japanese Citizen, at a price of $0.023 per
share of Common Stock. The total subscription amount paid by Kazuya Iwasaki was approximately $230,769. Kazuya Iwasaki is not a related

 On
February 6, 2023, we sold 3,344,482 shares of restricted Common Stock to Shokafulin LLP, a Japanese Company, at a price of $0.023 per
share of Common Stock. The total subscription amount paid by Shokafulin LLP was approximately $76,923. Shokafulin LLP is not a related

 The
proceeds from these sales went to the Company to be used as working capital.

 On
August 9, 2023, we sold 434,783 shares of restricted Common Stock to Takahiro Fujiwara, a Japanese Citizen, at a price of $0.023 per
share of Common Stock. The total subscription amount paid by Takahiro Fujiwara was approximately $10,000. Takahiro Fujiwara is not a

 The
Company intends to use the proceeds from the aforementioned sale of shares for working capital.

 On
August 18, 2023, our majority shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole Officer and Director,
Koichi Ishizuka, elected to convert its 1,000,000 shares of Series A Preferred Stock of WB Burgers Asia, Inc. into shares of Common Stock.
This conversion has been approved by the Company, and the conversion became effective on August 18, 2023. Every 1 share of Series A Preferred
Stock was converted into 1,000 shares of Common Stock, for a total of 1,000,000,000 shares of Common Stock.

 On
or about September 12, 2023, we sold 1,488,982 shares of restricted common stock to Shokafulin LLP, a Japanese Company, which is controlled
by Takuya Watanabe, a Japanese citizen, at a price of approximately $0.023 per share of common stock.

 The
total subscription amount paid by Shokafulin LLP was approximately $34,247. Shokafulin LLP and Mr. Watanabe are not related parties to
the Company.

 The
proceeds from the above sale of shares went to the Company to be used for working capital.

 In
regards to all of the above transactions, the Company claims an exemption from registration afforded by Section Regulation S of the Securities
Act of 1933, as amended ("Regulation S") for the above sales/issuances of the stock since the sales/issuances of the stock were made
to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed
selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting

 -
13 -

 Table

 Item
6. Selected Financial Data.

 Not
applicable because the Company is a smaller reporting company.

 Item
7. Management's Discussion and Analysis of Financial Condition and Results of Operations.

 Management's
Discussion and Analysis of Financial Condition and Results of Operations is designed to provide a reader of the financial statements
with a narrative report on our financial condition, results of operations, and liquidity. This discussion and analysis should be read
in conjunction with the audited Financial Statements and notes thereto for the year ended July 31, 2023 and 2022, included under Item
8 "Financial Statements and Supplementary Data" in this Report. The following discussion contains forwa rd-looking
statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations, and intentions. Our actual
results could differ materially from those discussed in the forward-looking statements. Please also see the cautionary language at the
beginning of this Report regarding forward-looking statements.

 Summary
of Business

 WB
Burgers Japan Co., Ltd., referred to herein as "WBJ", which we operate through and share the same business plan of, holds
the rights to the "Master Franchise Agreement" with Jakes' Franchising LLC, a Delaware Limited Liability
Company, as it pertains to the establishment and operation of Wayback Burger Restaurants within the country of Japan.

 Master
Franchise Agreement - Summary

 The
Master Franchise Agreement provides WBJ the right to establish and operate Wayback Burgers restaurants in the country of Japan, and also
license affiliated and unaffiliated third parties ("Franchisees") to establish and operate Wayback Burgers restaurants in
the Country of Japan, this agreement lasts for a term of twenty years, unless it is terminated sooner in accordance with terms outlined
in the Master Franchise Agreement, and may be extended one additional, consecutive term of ten years. In exchange for such rights, we
paid Jake's Franchising $2,700,000 USD, and we must pay an additional $10,000 for each additional company operated Wayback Burgers
restaurant and for each sub-franchised location the fee is either $10,000 or 28.57% of the initial franchise fee collected for such Restaurant,
whichever is greater. Additionally, there is also a royalty fee in the amount of three percent (3%) of the Gross Sales of all Company-Operated
Wayback Burgers Restaurants in the Country and the greater of two percent (2%) of the Gross Sales of all Franchised Wayback Burgers Restaurants
in the Country or forty percent (40%) of the royalty fees collected for all Franchised Wayback Burgers Restaurants in the Country. The
Master Franchise Agreement, amongst other things, also provides WBJ the right of first refusal to enter into a subsequent
Master Franchise Agreement with Jake's Franchising, LLC to establish and operate Wayback Burgers restaurants in the Countries of
Indonesia, Malaysia (Eastern Malaysia only, Western Malaysia if it becomes available as it is currently licensed to another party), the
Philippines, Vietnam, China, India, Korea, Thailand, Singapore, and Taiwan.

 Master
Franchise Agreement - Duties

 The
Master Franchise Agreement dictates specific duties we must perform which include, but are not limited to, providing Jake's Franchising
with plans and specifications for restaurant locations, provide employees with Wayback Burgers mandated training, present Jake's
Franchising with copies of all potential advertising and promotional material, etc. Furthermore, we are required to open one Wayback
Burgers restaurant by the end of the 2022 calendar year, three restaurants by the end of the 2023 calendar year, and an additional three
restaurants must open, and remain in operation, every following year until December 31, 2041, at which time we must have sixty Wayback
Burgers restaurants open and in operation. If we fail to meet these targets, then we would need to renegotiate terms with Jake's
Franchising, or we could potentially lose our master franchise rights in their entirety. As of the date of this report, the Company has
not adhered to the stipulated requirements outlined in the Master Franchise Agreement concerning the establishment of additional restaurant
locations. While the Company has received informal assurance, through verbal discussions with representatives of Jake's Franchising,
that no penalties will be imposed, there remains the potential for Jake's Franchising to exercise their discretion and terminate
the Master Franchise Agreement unless the Company achieves full compliance with all specified terms. In the event of such termination,
the Company's operational outcomes would be adversely affected, necessitating a significant alteration of our business plan, or
potentially raising questions about the feasibility of sustaining our operations.

 For
full terms and details of the Master Franchise Agreement, one can view a complete copy which has been filed as an exhibit to the Form
8-K filed with the Securities and Exchange Commission on September 16, 2021.

 WB
Burgers Japan Co., Ltd. seeks to make "Wayback Burgers" a nationally recognized brand, if not a household name, within the
country of Japan through the promotion and opening of various Wayback Burgers Restaurants.

 Locations

 On
November 9, 2021, our wholly owned subsidiary, WB Burgers Japan Co., Ltd., consummated a lease agreement with Arai Co., Ltd., a Japanese
realty group, for the location of our first Wayback Burgers restaurant. The property is located in the popular shopping plaza of Omotesando,
located in the Tokyo prefecture. Currently, this is our central and only physical location. We
believe the high volume of foot traffic and shopping will yield a large group of patrons seeking to try our product offerings.

 In August of
2022, we, through our wholly owned subsidiary, WB Burgers Japan Co., Ltd., entered into and consummated a rental agreement with "Kitchen
Depot" for a ghost kitchen in the Tamachi neighborhood of Minato, Tokyo, Japan. Following notice provided to Kitchen Depot in September
of 2023, in November of 2023, the Company terminated its rental agreement with Kitchen Depot, as well as its operations at its ghost
kitchen in the Tamachi neighborhood of Minato, Tokyo, Japan. The Company has no plans to resume operations at this location at any juncture,
as it believes this location is unlikely to be profitable, considering the low volume of orders it received while this location was operational.

 On October 1,
2023, an agreement was established between our company and Next Meats Co., Ltd., spanning a three-year duration, concerning the licensing
of logos and related assets. Subsequently, in November 2023, the operation of a ghost kitchen named NEXT Restaurant commenced
at our flagship Omotesando location. This initiative stems from a collaboration between our company and Next Meats Holdings, Inc., particularly
its subsidiary Next Meats Co., Ltd., aimed at opening a venue offering Next Meats menu selections, including the prominently featured
 NEXT Pizza.

 The majority
of menu items available at this ghost kitchen are sourced from Mama Foods Co., Ltd., the primary manufacturer of products for Next Meats
Holdings, Inc. Consequently, 1% of the sales generated at this restaurant location are remitted to Next Meats Co., Ltd., as part of the
collaborative agreement.

 Subsidiaries

 We have two wholly
owned subsidiaries, WB Burgers Japan Co., Ltd., and Store Foods Co., Ltd. Both of our wholly owned subsidiaries are Japanese Companies.
Store Foods Co., Ltd. has not yet commenced any material operations and our plans for Store Foods Co., Ltd. have not yet been fully determined
with any level of specificity.

 Anticipated
Capital Requirements

 In order to fund
our operations for the next twelve months we believe we will need a minimum of at least $500,000. We believe this will cover our future
expansion and growth efforts, barring any unforeseen capital expenditures that may arise.

 -
14 -

 Table

 Cash
and Cash Equivalents

 As
of July 31, 2023, and 2022, we had cash and cash equivalents in the amount of $161,213 and $126,669, respectively. The variance in our
cash balance from July 31, 2022 to July 31, 2023 is the result of the Company having increased operations, namely our dine in and dine
out restaurant location in the Omotesando Shopping Plaza, located in Tokyo, Japan.

 Assets

 Our
total assets for July 31, 2023 and July 31, 2022 were $1,259,223 and $3,760,615, respectively. The reason for the variance is primarily
attributable to the fact that the Master Franchise Agreement we entered into with Jakes' Franchising LLC, a Delaware Limited Liability
Company, to operate Wayback Burgers' Franchise locations, is recorded as an asset for the fiscal year ended July 31, 2022, but
not for the fiscal year ended July 31, 2023.

 The
reason why the franchise rights were not recorded as an asset for the fiscal year ended July 31, 2023 is because the Company has demonstrated
no track record of capitalizing on the franchise rights beyond the company owned stores which were not profitable through the current
date.

 Revenues

 For
the year ended July 31, 2023, and 2022, we generated revenues of $581,798 and $180,821 respectively. The
variance in revenue year over year is due to the fact that we increased our operations during the fiscal year ended July 31, 2023. However,
our cost of revenue was $1,341,572 for the year ended July 31, 2023 and $716,083 for the year ended July 31, 2022. As a result, our gross
loss for the fiscal year ended July 31, 2023 was $759,774 compared to a gross loss of $535,262 for the fiscal year ended July 31, 2022.
We do not believe that our cost of revenues will proportionally increase with our revenues, and thus, we believe generating more revenue
will h elp to alleviate our losses we have experienced for the fiscal years ended July 31, 2023 and July
31, 2022.

 Other
Income (Loss)

 Other income
(expense) was $148,105, comprised of cash receipts of the consumption tax, for the year ended July 31, 2023, and $(334,317) for the year
ended July 31, 2022. The variance year over year is primarily attributable to expensed related party loan receivables from the year ended
July 31, 2022 that was recorded as "other expense".

 Net
Operating Loss

 Our
general and administrative expenses were $3,311,706 for the year ended July 31, 2023 and $733,744 for the year ended July 31, 2022. Our
net operating loss for the year ended July 31, 2023 was $4,071,480 and $1,269,006 for the fiscal year ended July 31, 2022. The variance
is a result of the total general and administrative
expense for the year ended July 31, 2023, which includes a loss on impairment totaling $1,899,666. This impairment loss is related to
the Company's adjustment to the value of the franchise rights asset.

 As
mentioned above, we believe that in order to remedy our net loss we will require additional revenue. We are currently exploring a means
in which to gain more customers at our dine in location.

 Paid-In Capital

the period ended July 31, 2022, White Knight forgave a loan to the Company of approximately $2,317,272, which is recorded as additional
paid-in capital.

 The
Company's sole officer and director, Koichi Ishizuka, paid expenses on behalf of the Company totaling $55,030 during the period
ended July 31, 2022. These payments are considered contributions to the company with no expectation of repayment and are posted as additional
paid-in capital.

the year ended July 31, 2022, the Company recognized donated capital from its wholly owned subsidiary, Store Foods, as additional paid-in
capital in the amount of $8,673.

 Cash
Flows

 For
the fiscal year ended July 31, 2023, our net cash used in operating activities totaled $(1,530,628), whereas for the fiscal year ended
July 31, 2022, our net cash used in operating activities totaled $(1,642,176).

 For
the fiscal year ended July 31, 2023, our net cash used in investing activities totaled $12,290, whereas for the fiscal year ended July
31, 2022, our net cash used in investing activities totaled $(980,539). The variance between periods is primarily attributable to significantly
more cash paid for fixed assets during the fiscal year ended July 31, 2022.

 For
the fiscal year ended July 31, 2023, our net cash provided by financing activities totaled $1,637,774, whereas for the fiscal year ended
July 31, 2022, our net cash provided by financing activities totaled $2,688,659. This variance is primarily attributable to a greater
amount of cash received from the sale of stock during the fiscal year ended July 31, 2022.

 Item
7A. Quantitative and Qualitative Disclosures about Market Risk.

 We
qualify as a smaller reporting company, as defined by Item 10 of Regulation S-K and, thus, are not required to provide the information
required by this Item.

 -
 15 -

 Table

 Item
8. Financial Statements and Supplementary Data.

to Financial Statements - WB Burgers Asia, Inc.

 (Audited)

 Page

 Report
 of Independent Registered Public Accounting Firm (PCAOB FIRM ID - 2738)

 F2

 Financial
 Statements:

 Balance Sheet

 F3

 Statement of Operations

 F4

 Statement of Changes in Stockholders' Equity (Deficit)

 F5

 Statement of Cash Flows

 F6

 Notes
 to Consolidated Audited Financial Statements

 F7
 - F12

 -
F1 -

 Table

 REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 To
the Board of Directors and Stockholders of WB Burgers Asia, Inc.

 Opinion
on the Financial Statements

 We
have audited the accompanying consolidated balance sheets of WB Burgers Asia, Inc. (the Company) as of July 31, 2023, and 2022, and the
related consolidated statements of operations, changes in stockholders' equity (deficit), and cash flows for the two-year period
ended July 31, 2023, and the related notes (collectively referred to as the financial statements). In our opinion, the consolidated financial
statements present fairly, in all material respects, the financial position of the Company as of July 31, 2023, and 2022, and the results
of its consolidated operations and its cash flows for the two-year period ended July 31, 2023, in conformity with accounting principles
generally accepted in the United States of America.

 The
Company's Ability to Continue as a Going Concern

 The
accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As discussed
in Note 3 to the accompanying consolidated financial statements, the Company has negative financial trends, specifically operating loss,
working capital deficiency, and other adverse key financial ratios that raises substantial doubt about the Company's ability to
continue as a going concern. Management's evaluation of the events and conditions and management's plans in regarding these
matters are also described in Note 3. The consolidated financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

 Basis
for Opinion

 These
consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion
on the Company's consolidated financial statements based on our audits. We are a public accounting firm registered with the Public
Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance
with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.
The Company is not required to have, nor were we engaged to perform, audits of its internal control over financial reporting. As part
of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing
an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

 Our
audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether
due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that our audits provide a reasonable basis for our opinion.

 Critical
Audits Matters

 The
critical audits matters communicated below are matters arising from the current period audits of the consolidated financial statements
that were communicated or required to be communicated to the audits committee and that: (1) relate to accounts or disclosures that are
material to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The
communication of critical audits matters does not alter in any way our opinion on the consolidated financial statements, taken as a whole,
and we are not, by communicating the critical audits matter below, providing separate opinions on the critical audits matters or on the
accounts or disclosures to which they relate.

 Going
Concern

 As
discussed in Note 3 the Company has negative financial trends, specifically operating loss, working capital deficiency, and other adverse
key financial ratios that raises substantial doubt about the Company's ability to continue as a going concern. Auditing management's
evaluation of a going concern can be a significant judgment given the fact that the Company uses management estimates on future revenues
and expenses, which are difficult to substantiate.

 We
evaluated the appropriateness of the going concern, we examined and evaluated the financial information along with management's
plans to mitigate the going concern and management's disclosure on going concern.

 /s/
 M&K CPAS, PLLC

 www.mkacpas.com

 We
have served as the Company's auditor since 2022.

 Houston,
Texas

 December
29, 2023

 -
F2 -

 Table

 WB

Balance Sheet

 July 31, 2023

 July

 ASSETS

 Current Assets

 Cash
 and cash equivalents

 $

 161,213

 $

 126,669

 receivable

 62,063

 11,337

 Inventories

 4,950

 4,568

 Prepaid
 expenses

 28,928

 51,526

 Total Current Assets

 257,154

 194,100

 Equipment,
 software and leasehold improvement, net depreciation

 602,543

 805,882

 Right
 of use asset

 146,373

 442,025

 Deposits

 253,153

 265,115

 Franchise
 rights

 -

 2,053,493

 TOTAL
 ASSETS

 $

 1,259,223

 $

 3,760,615

 LIABILITIES AND STOCKHOLDERS'
 DEFICIT

 Current
 Liabilities

 payable

 252,917

 Income
 tax payable

 1,348

 Lease
 liability, short term

 330,066

 Accrued
 expenses and other payables

 2,429

 5,040

 Total
 Current Liabilities

 413,056

 336,445

 Lease
 liability, long term

 -

 148,822

 TOTAL
 LIABILITIES

 413,056

 485,267

 Stockholders'
 Equity (Deficit)

 Preferred
 stock ($ 0.0001 par
 value, 200,000,000 shares
 authorized; 1,000,000 issued
 and outstanding as of July 31, 2023 and July 31, 2022)

 stock ($ 0.0001 par
 value, 1,500,000,000 shares
 authorized, 1,070,718,679 and
 1,014,022,586 shares
 issued and outstanding as of July 31, 2023 and July 31, 2022, respectively)

 107,072

 101,402

 Subscription
 payable

 10,000

 130,392

 paid-in capital

 7,024,709

 5,272,374

 Accumulated
 deficit

 ( 5,687,400)

 ( 1,765,735)

 Accumulated
 other comprehensive income

 ( 608,314)

 ( 463,185)

 Total
 Stockholders' Equity

 846,167

 3,275,348

 TOTAL
 LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)

 1,259,223

 3,760,615

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

 -
F3 -

 Table

 WB

Statement of Operations

 Year
 Ended

 July

 Year Ended

 July

 Revenues

 $

 581,798

 $

 180,821

 Cost
 of revenue

 1,341,572

 716,083

 Gross profit (loss)

 $

 ( 759,774)

 $

 ( 535,262)

 Operating expenses

 General
 and administrative expenses

 $

 3,311,706

 $

 733,744

 Total operating expenses

 3,311,706

 733,744

 Net operating loss

 $

 ( 4,071,480)

 $

 ( 1,269,006)

 Other Income (Loss)

 Gain
 on foreign currency exchange

 3,088

 60,796

 Interest
 income (expense)

 ( 24,471)

 Other
 income (expense)

 148,105

 ( 334,317)

 Total other income
 (loss)

 151,196

 ( 297,992)

 Income (loss) before
 income taxes provision

 $

 ( 3,920,284)

 $

 ( 1,566,998)

 Provision
 for income taxes

 1,381

 Net loss

 ( 3,921,665)

 ( 1,567,582)

 Other comprehensive
 income

 Currency
 translation adjustment

 ( 145,129)

 ( 462,412)

 Comprehensive Income
 (Loss)

 $

 ( 4,066,794)

 $

 ( 2,029,994)

 Basic and Diluted net
 loss per common share

 $

 ( 0.00)

 $

 ( 0.00)

 Weighted average number
 of common shares outstanding - Basic and Diluted

 1,061,737,701

 951,239,800

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

 -
F4 -

 Table

 WB

Statement of Changes in Stockholders' Equity (Deficit)

 For
the Years ended July 30, 2022 and July 31, 2023

 Par
 Value Common Shares

 Series
 A Preferred Shares

 Par
 Value Series A Preferred Shares

 Payable

 Stock
 Receivable

 Paid-in Capital

 Accumulated
 Other Comprehensive Income

 Accumulated
 Deficit

 Total

 Balances,
 July 31, 2021

 509,090,909

 $

 50,909

 1,000,000

 $

 $

 -

 $

 ( 1,818,192)

 $

 1,955,557

 $

 ( 773)

 $

 ( 198,153)

 $

 ( 10,552)

 shares sold

 4,931,677

 -

 -

 -

 -

 985,842

 -

 -

 986,335

 shares issued for controlling interest of subsidiary

 500,000,000

 50,000

 -

 -

 -

 -

 ( 50,000)

 -

 -

 -

 shares sold by subsidiary

 -

 -

 -

 -

 -

 -

 8,673

 -

 -

 8,673

 Cash
 received for shares to be issued

 -

 -

 -

 -

 130,392

 -

 -

 -

 -

 130,392

 Cash
 received by subsidiary for shares sold

 -

 -

 -

 -

 -

 1,818,192

 -

 -

 -

 1,818,192

 Expenses
 paid on behalf of the Company and contributed to capital

 -

 -

 -

 -

 -

 -

 55,030

 -

 -

 55,030

 Forgiveness
 of related party debt, net repayment

 -

 -

 -

 -

 -

 -

 2,317,272

 -

 -

 2,317,272

 Net
 loss

 -

 -

 -

 -

 -

 -

 -

 -

 ( 1,567,582)

 ( 1,567,582)

 Foreign
 currency translation

 -

 -

 -

 -

 -

 -

 -

 ( 462,412)

 -

 ( 462,412)

 Balances,
 July 31, 2022

 1,014,022,586

 $

 101,402

 1,000,000

 $

 $

 130,392

 $

 -

 $

 5,272,374

 $

 ( 463,185)

 $

 ( 1,765,735)

 $

 3,275,348

 shares sold for cash

 56,696,093

 5,670

 ( 130,292)

 -

 1,752,335

 -

 -

 1,627,613

 Cash
 received for shares to be issued

 -

 -

 -

 -

 10,000

 -

 -

 -

 -

 10,000

 Net
 loss

 -

 -

 -

 -

 -

 -

 -

 ( 3,921,665)

 ( 3,921,665)

 Foreign
 currency translation

 -

 -

 -

 -

 -

 -

 -

 ( 145,129)

 -

 ( 145,129

 Balances,
 July 31, 2023

 1,070,718,679

 $

 107,072

 1,000,000

 $

 $

 10,000

 $

 -

 $

 7,024,709

 $

 ( 608,314)

 $

 ( 5,687,400)

 $

 846,167

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

 -
F5 -

 Table

 WB

Statement of Cash Flows

 Year
 Ended

 July

 Year
 Ended

 July

 CASH
 FLOWS FROM OPERATING ACTIVITIES

 Net
 loss

 $

 ( 3,921,665)

 $

 ( 1,567,582)

 Adjustment
 to reconcile net loss to net cash provided by (used in) operating activities:

 Depreciation

 183,137

 73,669

 Amortization

 106,581

 122,659

 Loss
 on impairment

 1,899,666

 Capital
 contribution

 -

 8,673

 Expenses
 paid on behalf of the Company and contributed to capital

 -

 55,030

 Changes
 in current assets and liabilities:

 receivable

 ( 52,424)

 ( 12,758)

 Inventories

 ( 601)

 ( 5,141)

 Other
 assets

 282,093

 ( 142,050)

 payable

 259,729

 7,362

 Prepaid
 expenses

 20,743

 ( 57,983)

 Accrued
 expenses and other payables

 ( 307,887)

 ( 124,055)

 Net
 cash used in operating activities

 ( 1,530,628)

 ( 1,642,176)

 CASH
 FLOWS FROM INVESTING ACTIVITIES

 Cash
 paid for fixed assets

 ( 12,290)

 ( 980,539)

 Net
 cash used in investing activities

 ( 12,290)

 ( 980,539)

 CASH
 FLOWS FROM FINANCING ACTIVITIES

 Cash
 received from the sale of stock

 1,637,774

 2,934,919

 Borrowings
 on debt

 -

 2,663,833

 Principal
 payments on debt

 -

 ( 2,910,093)

 Net
 cash provided by financing activities

 1,637,774

 2,688,659

 Net
 effect of exchange rate changes on cash

 $

 ( 60,312)

 $

 30,704

 Net
 increase in cash and cash equivalents

 $

 34,544

 $

 96,648

 Beginning
 cash and cash equivalents balance

 126,669

 30,021

 Ending
 cash and cash equivalents balance

 $

 161,213

 $

 126,669

 Non-cash
 transactions

 Forgiveness
 of loan from related party

 $

 -

 $

 2,317,272

 issued for controlling interest of subsidiary

 $

 -

 $

 50,000

 Established
 operating lease asset and liability

 $

 -

 $

 653,704

 Cash
 paid for:

 Interest

 $

 -

 $

 24,477

 Income
 taxes

 $

 $

 -

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

 -
 F6 -

 Table

 WB

 Notes
to Consolidated Unaudited Financial Statements

 Note
1 - Description of Business

 We,
WB Burgers Asia, Inc., formerly known as, "Business Solutions Plus, Inc." were originally incorporated in the state of Nevada
on August 30, 2019.

 On
September 14, 2021, we acquired 100% of the equity interest of WB Burgers Japan Co., Ltd., a Japan Company. Following the acquisition,
we ceased to be a shell company and adopted the same business plan as WB Burgers Japan Co., Ltd. WB
Burgers Japan Co. ("WBBJ"), which we operate through and share the same business plan of, holds the rights to
the "Master Franchise Agreement" with Jakes' Franchising LLC, a Delaware Limited Liability Company, as it pertains
to the establishment and operation of Wayback Burger Restaurants within the country of Japan.

 The
Master Franchise Agreement provides WBBJ the right to establish and operate Wayback Burgers restaurants in the country of Japan, and
also license affiliated and unaffiliated third parties ("Franchisees") to establish and operate Wayback Burgers restaurants
in the Country of Japan. The Master Franchise Agreement, amongst other things, also provides WBBJ the right of first refusal to
enter into a subsequent Master Franchise Agreement with Jake's Franchising, LLC to establish and operate Wayback Burgers restaurants
in the Countries of Indonesia, Malaysia (Eastern Malaysia only, Western Malaysia if it becomes available as it is currently licensed
to another party), the Philippines, Vietnam, China, India, Korea, Thailand, Singapore, and Taiwan.

 On February 9,
2022, we incorporated Store Foods Co., Ltd. ("Store Foods"), a Japan Company. Store Foods is now a wholly owned subsidiary
of the Company. Currently Koichi Ishizuka is the sole officer and director.

 As of July 31,
2023, operations for Store Foods had not yet commenced.

 While
our plans for Store Foods are not definitive and may change, the intended business purpose of the Company is as follows:

 1.
Food sales;

 2.
Food wholesale and retail;

 3.
Chain organizations consisting of food retailers as members;

 4.
Restaurants;

 5.
Manufacturing and sales of boxed lunches for catering;

 6.
Alcohol sales;

 7.
Health supplement and health drink sales;

 8.
Manufacturing and sales of functional foods;

 9.
Lease of goods related to restaurant management;

 10.
System development;

 11.
Delivery;

 12.
Application development and sales;

 13.
Advertising;

 14.
Management consulting;

 15.
All businesses incidental to any of the above.

 The
Company's main office is located at 3F K's Minamiaoyama 6-6-20 Minamiaoyama, Minato-ku, Tokyo 107-0062, Japan.

 The
Company has elected July 31st as its year end.

 Note
2 - Summary of Significant Accounting Policies

 Basis
of Presentation

 This summary
of significant accounting policies is presented to assist in understanding the Company's financial statements. These accounting policies
conform to accounting principles, generally accepted in the United States of America, and have been consistently applied in the preparation
of the financial statements.

 Use
of Estimates

 The preparation
of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting period. In the opinion of management, all adjustments
necessary in order to make the financial statements not misleading have been included. Actual results could differ from those estimates.

 Cash
and Cash Equivalents

 The Company
considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash
and cash equivalents at July 31, 2023 and July 31, 2022 were $ 161,213 and $ 126,669, respectively.

 Revenue
Recognition

 The
Company adopted ASC 606, Revenue from Contracts with Customers (Topic 606) ("ASC 606"), in the second quarter of fiscal year
2020, as this was the first quarter that the Company generated revenues. Under ASC 606, the Company recognizes revenue when a customer
obtains control of promised goods, in an amount that reflects the consideration that the Company expects to receive in exchange for the
goods. To determine revenue recognition for arrangements within the scope of ASC 606, the Company performs the following five steps:
(1) identify the contracts with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price;
(4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when or as the entity satisfies
a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect
the consideration it is entitled to in exchange for the goods it transfers to the customer. Under ASC 606, disaggregated revenue from
contracts with customers depicts the nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors.

 Foreign
currency translation

 The
Company maintains its books and records in its local currency, Japanese YEN ("JPY"), which is a functional currency as being
the primary currency of the economic environment in which its operation is conducted. 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 statements of
operations.

 The
reporting currency of the Company is the United States Dollars ("US$") and the accompanying consolidated financial statements
have been expressed in US$. In accordance with ASC Topic 830-30, "Translation of Financial Statement", assets and liabilities
of the Company whose functional currency is not US$ are translated into US$, 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 are recorded as a separate component of accumulated other comprehensive income within the statements of shareholders'
equity.

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

 July
 31,

 2023

 2022

 Current
 JPY:US$1 exchange rate

 140.97

 134.61

 Average
 JPY:US$1 exchange rate

 137.78

 119.62

 Comprehensive
income or loss

 ASC
Topic 220, "Comprehensive Income", establishes standards for reporting and display of comprehensive income or loss, its components
and accumulated balances. Comprehensive income or loss as defined includes all changes in equity during a period from non-owner sources.
Accumulated comprehensive income, as presented in the accompanying consolidated statements of shareholders' equity consists of
changes in unrealized gains and losses on foreign currency translation.

Receivable and Allowance for Doubtful Accounts

receivable are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for doubtful
accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred.

 Inventory

 Inventories,
consisting of products available for sale, are primarily accounted for using the first-in, first-out ("FIFO") method, and
are valued at the lower of cost or market value. This valuation requires the Company to make judgments, based on currently available
information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations,
and expected recoverable values of each disposition category.

 Fixed
assets and depreciation

 Property,
plant and equipment are stated at cost less depreciation and impairment loss. The initial cost of the assets comprises its purchase price
and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Depreciation is
calculated using the straight-line method over the shorter of the estimated useful life of the respective assets.

 ROU
lease assets and liabilities

 The
Company capitalizes all leased assets pursuant to ASU 2016-02, "Leases (Topic 842)," which requires lessees to recognize
right-of-use assets and lease liability, initially measured at present value of the lease payments, on its balance sheet for leases with
terms longer than 12 months and classified as either financing or operating leases. The Company excludes short-term leases having initial
terms of 12 months or less from Topic 842 as an accounting policy election and recognizes rent expense on a straight-line basis over
the lease term. The Company adopted the standard in the third quarter of fiscal year 2022.

 Franchise
Rights and amortization

 Franchise
rights are stated at cost less amortization. Initial cost of the asset comprises the deposit and fees paid to the franchisor. Amortization
is calculated using the straight-line method over the life of the recognized asset, which is the duration of the contract held between
the Company and the franchisor. During the year ended July 31, 2023 the Company recorded an impairment loss of $1,899,666 which reduced
the value of the franchise rights asset by that amount. This impairment loss expense was deemed necessary by the Company due to insufficient
revenues to offset the cost of the franchise rights and the lack of a formal franchise agreement to generate sufficient income. As of
July 31, 2023, the franchise rights asset was fully amortized.

 Income
Taxes

 The
Company accounts for income taxes under ASC 740, "Income Taxes." Under the asset and liability method of ASC 740, deferred
tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements
carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured
using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered
or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment
occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize
tax assets through future operations. No deferred tax assets or liabilities were recognized at July 31, 2023 and July 31, 2022 except
for accruals of $1,348 and $520, respectively, for Japanese income taxes payable by our wholly owned subsidiary, WB Burgers Japan Co.,
Ltd.

 Basic
Earnings (Loss) Per Share

 The Company computes
basic and diluted earnings (loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic earnings (loss) per share is
computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reporting period. Diluted
earnings (loss) per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock
were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the Company.

 The
Company does not have any potentially dilutive instruments as of July 31, 2023 and, thus, anti-dilution issues are not applicable.

 -
F7 -

 Table

 Fair
Value of Financial Instruments

 The
Company's balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities
approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected
realization.

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

 -
Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or
liabilities.

 -
Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or
indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets
or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g.,
interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

 -
Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

 Fair
value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of July
31, 2023 and July 31, 2022. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values
due to the short-term nature of these instruments. These financial instruments include accrued expenses.

 Related
Parties

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

 Share-Based Compensation

 ASC 718, " Compensation –
Stock Compensation ", prescribes accounting and reporting standards for all share-based payment transactions in which employee
services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments
such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee
stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized
over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period
(usually the vesting period).

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

 The Company had no
stock-based compensation plans as of July 31, 2023.

 The Company's stock-based compensation
for the periods ended July 31, 2023 and July 31, 2022 were $0 for both periods.

 Recently
Issued Accounting Pronouncements

 The
Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not
believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position
or results of operations.

 Note
3 - Going Concern

 The
Company's financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern
that contemplates the realization of assets and liquidation of liabilities in the normal course of business.

 The
Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one
year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically operating
loss, working capital deficiency, and other adverse key financial ratios.

 The
Company has not established any source of revenue to cover its operating costs. Management plans to fund operating expenses with related
party contributions to capital and the sale of shares of stock. There is no assurance that management's plan will be successful. The
financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts
and classification of liabilities that might be necessary in the event that the Company cannot continue as a going concern.

 Note
4 - Income Taxes

 Income
taxes are provided for the tax effects of transactions reported in the financial statements and consist of taxes currently due plus deferred
taxes related primarily to differences between the recorded book basis and the tax basis of assets and liabilities for financial and
income tax reporting. Deferred tax assets and liabilities represent the future tax return consequences of those differences, which will
either be taxable or deductible when the assets and liabilities are recovered or settled. Deferred taxes are also recognized for operating
losses that are available to offset future taxable income and tax credits that are available to offset future federal income taxes. The
Company believes that its income tax filing positions and deductions will be sustained on audit and does not anticipate any adjustments
that will result in a material adverse effect on the Company's financial condition, results of operations, or cash flow. Therefore,
no reserves for uncertain income tax positions have been recorded pursuant to ASC 740.

 The
Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to
generate taxable income in future periods. The tax benefit for the period presented is offset by a valuation allowance established against
deferred tax assets arising from the net operating losses, the realization of which could not be considered more likely than not. In
future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts
to be more likely than not.

 As
of July 31, 2023, the Company has incurred a net loss of approximately $ 5,634,393
 which resulted in a net operating loss for income
tax purposes. The loss results in a deferred tax asset of approximately $ 1,183,223
 at the effective statutory rate of 21%. The deferred
tax asset has been offset by an equal valuation allowance. Given our inception on August 30, 2019, and our fiscal year end of July 31,
2022, we have completed four taxable fiscal years as of July 31, 2023.

 -
F8 -

 Table

 Note
5 - Commitments and Contingencies

 The
Company follows ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from
claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred
and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies as of July 31, 2023 and July
31, 2022.

 Note
6 - Fixed Assets

 Fixed
assets are stated at cost and depreciated using the straight-line method over their estimated useful lives. When retired or otherwise
disposed, the carrying value and accumulated depreciation of the fixed asset is removed from its respective accounts and the net difference
less any amount realized from disposition is reflected in earnings. Expenditures for maintenance and repairs which do not extend the
useful lives of the related assets are expensed as incurred.

 As
of July 31, 2023 and July 31, 2022 fixed assets were
made up of the following:

 Estimated

 Useful

 Life

 July 31,

 July 31,

 (approx..
 years)

 2023

 2022

 Furniture fixtures
 and equipment

 $

 46,224

 $

 48,408

 Furniture fixtures and
 equipment

 15,448

 16,178

 Furniture fixtures and
 equipment

 170,740

 178,807

 Software

 10,652

 -

 Leasehold improvement

 Remaining Lease Term

 607,457

 636,158

 879,551

 Accumulated depreciation

 (247,978

)

 (73,669)

 Net book value

 $

 602,543

 $

 805,882

 Total
depreciation expense for the periods ended July 31, 2023 and 2022, was $ 247,978
 and $ 73,669,
respectively, all of which was recorded in our general and administrative expenses on our statement of operations.

 Note
7 - Right of Use Asset

 The
Company capitalizes all leased assets pursuant to ASU 2016-02, "Leases (Topic 842)," which requires lessees to recognize
right-of-use assets and lease liability, initially measured at present value of the lease payments, on its balance sheet for leases with
terms longer than 12 months and classified as either financing or operating leases. The Company excludes short-term leases having initial
terms of 12 months or less from Topic 842 as an accounting policy election and recognizes rent expense on a straight-line basis over
the lease term. The Company adopted the standard in the third quarter of fiscal year 2022.

 Our
adoption of ASU 2016-02, Leases (Topic 842), and subsequent ASUs related to Topic 842, requires us to recognize substantially all leases
on the balance sheet as an ROU asset and a corresponding lease liability. The new guidance also requires additional disclosures as detailed
below.

 We
determine if a contract is a lease at the inception of the arrangement. We review all options to extend, terminate, or purchase the ROU assets,
and when reasonably certain to exercise, we include the option in the determination of the lease term and lease liability.

 Lease
ROU assets and liabilities are recognized at commencement date of the lease, based on the present value of lease payments over the lease
term. The lease ROU asset also includes any lease payments made and excludes any lease incentives. When readily determinable, we use
the implicit rate in determining the present value of lease payments. When leases do not provide an implicit rate, we use our incremental
borrowing rate based on the information available at the lease commencement date, including the lease term.

 The
tables below present financial information associated with our leases.
As noted above, we adopted Topic 842 using a transition method that does not require application to periods prior to adoption. The initial
recognition of the ROU operating lease was $ 653,704 for
both the ROU asset and ROU liability. As of July 31, 2023, the ROU lease liability was $ 156,362.

 Balance
 Sheet Classification

 July

 July

 Right-of-use
 assets

 Lease
 asset long

 $

 146,373

 $

 442,025

 Current
 lease liabilities

 Short-term
 lease liability

 330,066

 Non-current
 lease liabilities

 Lease
 liability long term

 -

 148,822

 Maturities
 of lease liabilities as of July 31, 2023 are as follows:

 2023

 2024

 -

 2025
 and beyond

 -

 Total

 Add(Less):
 Imputed interest

 -

 Present
 value of lease liabilities

 Note
8 - Deposits

the period ended July 31, 2022, the Company paid two security deposits for the leased office and restaurant space totaling approximately
$ 253,153 at
the July 31, 2023 exchange rate.

 Note
9 - Franchise Rights

 On
June 9, 2021, our wholly owned subsidiary, WB Burgers Japan Co., Ltd (WBBJ), entered into a Master Franchise Agreement with Wayback Burgers.
Compensation of approximately $ 2,275,204 was paid by WBBJ to Jake Franchise for these franchise rights. These funds were
borrowed from related party White Knight. In addition, White Knight paid approximately $ 395,673
 directly to Jake Franchise which was also considered a loan to
the company. These payments were originally combined as a loan to the Company and $ 2,317,272
 of this loan has since been forgiven and is posted as additional
paid-in capital. The Franchise rights are being amortized over a 20 year period. The amortization expense was approximately $ 122,659
 for the period ended July 31, 2022. As of July 31, 2023,
the franchise asset was fully amortized with approximately $ 1,899,666
 recorded as loss on impairment of the asset.

 -
F9 -

 Table

 Note
10 - Accrued Expenses and Other Payables

 Accrued
expenses and other payables totaled $ 2,429
 and $ 5,040 at
July 31, 2023 and July 31, 2022, respectively, and consisted primarily of withholding taxes.

 Note
11 - Shareholder Equity

 Preferred
Stock

 The
authorized preferred stock of the Company consists of 200,000,000 shares with a par value of $0.0001. There were 1,000,000 Series A preferred
shares issued and outstanding as of July 31, 2023 and July 31, 2022. Our
Certificate of Incorporation authorizes the issuance of up to 200,000,000 shares of Preferred Stock with designations, rights and preferences
to be determined from time to time by our Board of Directors. Accordingly, our Board of Directors is empowered, without stockholder approval,
to issue Preferred Stock with dividend, liquidation, conversion, voting, or other rights which could adversely affect the voting power
or other rights of the holders of the Common Stock. In the event of issuance, the Preferred Stock could be utilized, under certain circumstances,
as a method of discouraging, delaying or preventing a change in control of the Company. Although we have no present intention to issue
any shares of our authorized Preferred Stock, there can be no assurance that we will not do so in the future.

 Of the 200,000,000
shares of preferred stock, 1,000,000 shares are designated as Series A Preferred Stock, $0.0001 par value each. Series A Preferred stock
pay no dividends, have no right to convert into common stock or any other class of securities of the Corporation, and each share of Series
A Preferred Stock shall have voting rights equal to one thousand (1,000) votes of Common Stock. With respect to all matters upon which
stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series
A Preferred Stock shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate
class voting is required by applicable law or the Corporation's Certificate of Incorporation or by-laws.

Stock

 As
of July 31, 2023, and July 31, 2022, the authorized common stock of the Company consists of 1,500,000,000 shares with a par value of
$0.0001. There were 1,070,718,679 and 1,014,022,586 shares of common stock issued and outstanding as of July 31, 2023 and July 31,
2022, respectively.

 On August 8,
2022, we sold 1,586,538 shares of restricted Common Stock to Takahiro Fujiwara, a Japanese Citizen, at a price of $0.032 per share of
Common Stock. The total subscription amount paid by Takahiro Fujiwara was approximately $50,769. Takahiro Fujiwara is not a related party
to the Company.

 On August 8,
2022, we sold 2,403,846 shares of restricted Common Stock to Shokafulin LLP, a Japanese Company, at a price of $0.032 per share of Common
Stock. The total subscription amount paid by Shokafulin LLP was approximately $79,623. Shokafulin LLP is not a related party to the Company.

 On
August 12, 2022, we sold 32,065,458 shares of restricted Common Stock to Asset Acceleration Axis, LLC, a Japanese Company, at a price
of $0.034 per share of Common Stock. The total subscription amount paid by Asset Acceleration Axis, LLC was approximately $1,090,226.
Asset Acceleration Axis, LLC is not a related party to the Company.

 On September
13, 2022, we sold 7,262,324 shares of restricted Common Stock to Asset Acceleration Axis, LLC, a Japanese Company, at a price of $0.032
per share of Common Stock. The total subscription amount paid by Asset Acceleration Axis, LLC was approximately $232,395. Asset Acceleration
Axis, LLC is not a related party to the

 Company.

 On February 6,
2023, we sold 10,033,445 shares of restricted Common Stock to Kazuya Iwasaki, a Japanese Citizen, at a price of $0.023 per share of Common
Stock. The total subscription amount paid by Kazuya Iwasaki was approximately $230,769. Kazuya Iwasaki is not a related party to the
Company.

 On February 6,
2023, we sold 3,344,482 shares of restricted Common Stock to Shokafulin LLP, a Japanese Company, at a price of $0.023 per share of Common
Stock. The total subscription amount paid by Shokafulin LLP was approximately $76,923. Shokafulin LLP is not a related party to the Company.

Paid-In Capital

the period ended July 31, 2022, White Knight forgave a loan to the Company of approximately $ 2,317,272,
which is recorded as additional paid-in capital.

 The
Company's sole officer and director, Koichi Ishizuka, paid expenses on behalf of the Company totaling $ 55,030
 during the period ended July 31, 2022.
These payments are considered contributions to the company with no expectation of repayment and are posted as additional paid-in capital.

the year ended July 31, 2022, the Company recognized donated capital from its wholly owned subsidiary, Store Foods, as additional paid-in
capital in the amount of $ 8,673.

payable

the period ended July 31, 2023, the Company received funds totaling approximately $ 10,000
 to be used to finalize the sale of common
shares which took place August 9, 2023 (see Note 13).

 On
or about December 30, 2022, the Company received funds totaling approximately $ 307,692
 from two perspective shareholders to
be used to finalize the sale of common shares, which took place February 6, 2023. No shares were issued until February 6, 2023 (see common
stock).

 On
or about July 29, 2022, the Company received funds totaling approximately $ 130,392
 from two perspective shareholders to
be used to finalize the sale of common shares, which took place August 8, 2022. No shares were issued until August 8, 2022. The $130,392
was reclassed as cash received by subsidiary for the sale of common

 shares
during the period ended October 31, 2022.

 Note
12 - General and Administrative Expense

 Total
general and administrative expense for the year ended July 31, 2023 includes a loss on impairment totaling $ 1,899,666.
This impairment loss is related to the Company's adjustment to the value of the franchise rights asset.

 Note
13 - Related-Party Transactions

Expense

 During the period
ending July 31, 2023, the Company paid White Knight Co., Ltd. $ 917,895
 for compensation expenses.

 Partnership
and Licensing agreement

the period ended July 31, 2023, we operated a ghost kitchen, called Next Restaurant, in partnership with Next Meats Holdings, Inc. (Next
Meats). Our CEO, Koichi Ishizuka, is the majority shareholder and CEO of Next Meats. The Company has a licensing agreement with Next
Meats related to the Next Restaurant operations whereby the Company pays a 1% royalty fee to Next Meats based on revenue earned from
selling Next Meats products. As of July 31, 2023, the royalty liability owed to Next Meats was approximately
$ 37.

Paid-In Capital

the period ended July 31, 2022, White Knight forgave a loan to the Company of approximately $ 2,317,272,
which is recorded as additional paid-in capital.

 The
Company's sole officer and director, Koichi Ishizuka, paid expenses on behalf of the Company totaling $ 55,030
 during the period ended July 31, 2022.
These payments are considered contributions to the company with no expectation of repayment and are posted as additional paid-in capital.

 Note
14 - Subsequent Events

 On August 9,
2023, the Company sold 434,783 shares of restricted Common Stock to Takahiro Fujiwara, a Japanese Citizen, at a price of $0.023 per share
of Common Stock. The total subscription amount paid by Takahiro Fujiwara was approximately $10,000. Takahiro Fujiwara is not a related

 The Company intends
to use the proceeds from the aforementioned sale of shares for working capital.

 On August 17,
2023, our majority shareholder, White Knight Co., Ltd., and Koichi Ishizuka, our sole Officer and Director, executed a resolution to
ratify, affirm, and approve to file an Amended and Restated Certificate of Incorporation.

 The Amended
and Restated Certificate of Incorporation was filed with the Nevada Secretary of State on August 17, 2023, effective immediately.

 The Amended and
Restated Certificate of Incorporation resulted in an increase to the authorized shares of our Common Stock from One Billion Five Hundred
Million (1,500,000,000) to Five Billion (5,000,000,000). It also revised the rights of Series A Preferred Stock, now allowing each one
(1) share of Series A Preferred Stock to be converted into one thousand (1,000) shares of Common Stock at the discretion of the holder(s)
of Series A Preferred Stock.

 On August 18,
2023, our majority shareholder, White Knight Co., Ltd., a Japanese Company, owned and controlled by our sole Officer and Director, Koichi
Ishizuka, elected to convert its 1,000,000 shares of Series A Preferred Stock of WB Burgers Asia, Inc. into shares of Common Stock. This
conversion has been approved by the Company, and the conversion became effective on August 18, 2023. Every 1 share of Series A Preferred
Stock was converted into 1,000 shares of Common Stock, for a total of 1,000,000,000 shares of Common Stock.

 On or about September
12, 2023, we sold 1,488,982 shares of restricted common stock to Shokafulin LLP, a Japanese Company, which is controlled by Takuya Watanabe,
a Japanese citizen, at a price of approximately $0.023 per share of common stock.

 The total subscription
amount paid by Shokafulin LLP was approximately $34,247. Shokafulin LLP and Mr. Watanabe are not related parties to the Company.

 The proceeds
from the above sale of shares went to the Company to be used for working capital.

 Following the
above conversion, and as of December 29, 2023, there were 2,072,642,444 shares of Common Stock and 0 shares of Preferred Stock issued
and outstanding.

 At
this time, we are pending review of a FINRA corporate action, to effect a 100 to 1 Reverse Stock Split. Pursuant to the action, there
is to be no change in the quantity of our authorized shares of Common Stock or Preferred Stock.

 The
legal date of the Certificate of Change that we have filed with the Nevada Secretary of State on December 6, 2023, in connection with
our Reverse Stock Split, will not be the same exact date as the FINRA effective date of our Reverse Stock Split.

 -
F10 -

 Table

 Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

 None.

 Item
9A. Controls and Procedures.

 Disclosure
Controls and Procedures

 The
Company has adopted and maintains disclosure controls and procedures that are designed to provide reasonable assurance that information
required to be disclosed in the reports filed under the Exchange Act, such as this annual report, is collected, recorded, processed,
summarized and reported within the time periods specified in the rules of the SEC. The Company's disclosure controls and
procedures are also designed to ensure that such information is accumulated and communicated to management to allow timely decisions
regarding required disclosure. As required under Exchange Act Rule 13a-15, the Company's Chief Chief Executive Officer who
also serves as our Principal Financial Officer, Koichi Ishizuka, has conducted an evaluation of the effectiveness of disclosure controls
and procedures as of the end of the period covered by this report. Based on that evaluation, Koichi Ishizuka, concluded that the disclosure
controls and procedures are ineffective.

 Our
Chief Executive Officer and Chief Financial Officer, Koichi Ishizuka, has reviewed the effectiveness of our disclosure controls and procedures
(as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) as of the end of the period covered by the report July 31, 2023 and
has concluded that (i) the Company's disclosure controls and procedures are not effective to ensure that material information relating
to the Company is recorded, processed, summarized, and reported within the time periods specified in the rules and forms of the Commission,
and (ii) the Company's controls and procedures have not been designed to ensure that information required to be disclosed by the
Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Company's management, including
its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions
regarding required disclosure.

 Management's
Report on Internal Control over Financial Reporting

 The
Company's management, which at this time consists solely of Koichi Ishizuka, is responsible for establishing and maintaining adequate
internal control over financial reporting, as defined in Exchange Act Rule 13a-15(f). The Company's internal control over
financial reporting is designed to provide reasonable assurance to the Company's management and board of directors regarding the
preparation and fair presentation of published financial statements. Management conducted an assessment of the Company's
internal control over financial reporting based on the framework and criteria established by the Committee of Sponsoring Organizations
of the Treadway Commission in Internal Control – Integrated Framework. Based on the assessment, management concluded that,
as of July 31, 2023, the Company's internal control over financial reporting is ineffective based on those criteria.

 The
Company's management, Koichi Ishizuka, who serves as our Chief Executive Officer, and Chief Financial Officer, does not expect
that the Company's disclosure controls and procedures and its internal control processes will prevent all error and all fraud.
 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. Further, the design of a control system must reflect the fact that there are resource constraints,
and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems,
no evaluation of controls can provide absolute assurance that all control issues and instances of error or fraud, if any, within the
Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and
that the breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of
some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls
also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will
succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because
of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent
limitations in a cost-effective control system, misstatements due to error or fraud may occur and may not be detected. However,
these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the
process safeguards to reduce, though not eliminate, this risk.

 The
matters involving internal controls and procedures that our sole officer and director, Koichi Ishizuka, considered to be material weaknesses
under the standards of the Committee of Sponsoring Organizations of Treadway Commission were: domination of management by a single individual
without adequate compensating controls, lack of a majority of outside directors on board of directors, resulting in ineffective oversight
in the establishment and monitoring of required internal controls and procedures; inadequate segregation of duties consistent with control
objectives, and lack of an audit committee.

 The
Company believes that the material weaknesses are due to the Company's limited resources and early stages of development, which
have not allowed enough time for the Company to remedy any such weaknesses.

 Our
sole officer and director, Koichi Ishizuka, believes that the material weaknesses did not have an effect on our financial results. However,
management believes that the lack of a functioning audit committee and inadequate segregation of duties results in ineffective oversight
in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our
financial statements in future periods.

 Our
Chief Executive Officer recognizes that its controls and procedures would be substantially improved if we had an audit committee and
or two individuals serving as officers, and as such, is actively seeking to remediate this issue.

 Management's
Remediation Initiatives

 In
an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we have initiated,
or plan to initiate, the following series of measures:

 We
intend to create a position to segregate duties consistent with control objectives and will increase our personnel resources and technical
accounting expertise within the accounting function when funds are available to us. Furthermore, we plan to appoint one or more outside
directors to our board of directors who shall be appointed to an audit committee resulting in a fully functioning audit committee who
will undertake the oversight in the establishment and monitoring of required internal controls and procedures such as reviewing and approving
estimates and assumptions made by management when funds are available to us.

 Management
believes that the appointment of one or more outside directors, who shall be appointed to a fully functioning audit committee, will remedy
the lack of a functioning audit committee and a lack of a majority of outside directors on our Board.

 We
will work as quickly as possible to implement these initiatives however, the early stages of our current development, and other business
initiatives will likely slow this implementation or divert our attention.

 Auditor's
Report on Internal Control Over Financial Reporting

 This
Report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial
reporting. Management's report was not subject to attestation by our independent registered public accounting firm pursuant to
the rules of the SEC that permit us to provide only management's report in this Report.

 Changes
in Internal Control Over Financial Reporting

 There
have been no changes in our internal control over financial reporting (as that term is defined in Rules 13(a)-15(f) and 15(d)-15(f) of
the Exchange Act) that have occurred during the fourth quarter ended July 31, 2023, that have materially affected, or are reasonably
likely to materially affect, our internal control over financial reporting.

 Item
9B. Other Information.

 None.

 -
16 -

 Table

 PART
III

 Item
10. Directors, Executive Officers and Corporate Governance.

 Mr.
Koichi Ishizuka, Age 53 - Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer

 Background
of Mr. Koichi Ishizuka

 Mr.
Koichi Ishizuka's academic journey includes earning his MBA from the University of Aoyama Gakuin in 2004 and completing the Advanced
Management Program at Harvard School of Business in 2011. Stepping into the professional arena, he commenced as the head of marketing
at Thomson Reuters, a prominent mass media and information firm. His career trajectory led him to pivotal roles, serving as CEO
for Xinhua Finance Japan in 2006, Fate Corporation in 2008, and LCA Holdings, Ltd. in 2009.

 Presently,
Mr. Ishizuka holds the position of Chief Executive Officer across a spectrum of companies, including OFF
Line Co., Ltd., Photozou Co., Ltd., Photozou Holdings, Inc., Photozou Koukoku Co., Ltd., Off Line International, Inc., and OFF Line Japan
Co., Ltd. He has held the position of CEO with OFF Line Co., Ltd. since 2013, Photozou Co., Ltd. since 2016, Photozou Holdings,
Inc. since 2017, Photozou Koukoku Co., Ltd. since 2017, Zentrum Holdings, Inc. (formerly known as Off Line International, Inc.) since
2019, and OFF Line Japan Co., Ltd. since 2018. On November 18, 2020, Koichi Ishizuka assumed the roles
of Chief Financial Officer and Director of Next Meats Holdings, Inc., followed by his appointment as Chief Executive Officer on December
28, 2021. He continues to hold these positions to this day, and additionally maintains a controlling interest in Next Meats Holdings,
Inc. Additionally, he serves as the Chief Financial Officer of Next Meats Co., Ltd., a Japanese alternative meat company and wholly owned
subsidiary of Next Meats Holdings, Inc.

 Since
its inception on April 14, 2021, Koichi Ishizuka has served as CEO of WB Burgers Japan Co., Ltd., a Japanese company. On May 7, 2021,
Mr. Koichi Ishizuka was appointed as the Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Director
of Business Solutions Plus, Inc., which is now known as WB Burgers Asia, Inc. WB Burgers Japan Co., Ltd. is a wholly owned subsidiary
of WB Burgers Asia, Inc. WB Burgers Japan Co., Ltd. holds the rights to the "Master Franchise Agreement"
with Jakes' Franchising LLC, a Delaware Limited Liability Company, as it pertains to the establishment and operation of Wayback
Burger Restaurants within the country of Japan. On July 23, 2021, Mr. Ishizuka was appointed as Chief Executive Officer, Chief Financial
Officer, President, Treasurer, and Director of Dr. Foods, Inc. (formerly known as Catapult Solutions, Inc.). Koichi Ishizuka has a controlling
interest in Dr. Foods, Inc. On March 21, 2022, Mr. Ishizuka was appointed as the Chief Executive Officer, Chief Financial Officer, President,
Secretary, Treasurer, and Director of WeCapital Holdings, Inc., (formerly known as Perfect Solutions Group, Inc.).

 Given
Mr. Ishizuka's extensive business acumen and long standing entrepreneurial background, the company firmly believes that Koichi
Ishizuka is well-suited to continue to serve as our sole officer and director.

 As
of the date of this filing, there has been no material plan, contract, or arrangement (whether or not written) to which our sole officer
and director, Koichi Ishizuka, is a party in connection with his appointments at WB Burgers Asia, Inc.

 Employees

 As
of December 29, 2023, we, WB Burgers Asia, Inc., have no employees outside of our sole officer and director, Koichi Ishizuka. We
do not have an employment or consulting agreement with Mr. Ishizuka. Mr. Ishizuka has not received any monetary compensation by the Company
and or its subsidiaries through our most recent fiscal year end July 31, 2023.

 Our
wholly subsidiary, WB Burgers Japan Co., Ltd. has thirty nine salaried staff members. Four employees are full time, and thirty five employees
are part time. The employees are comprised primarily of staff members who operate our restaurant location.

 Director's
Term of Office

 Our
current director holds office until the next annual meeting of our stockholders or until his successor has been elected and qualified,
or until his death, resignation, or removal. Our executive officers are appointed by our Board and hold office until their death, resignation,
or removal from office.

 Corporate
Governance

 The
Company promotes accountability for adherence to honest and ethical conduct; endeavors to provide full, fair, accurate, timely and understandable
disclosure in reports and documents that the Company files with the Securities and Exchange Commission (the "SEC") and in
other public communications made by the Company; and strives to be compliant with applicable governmental laws, rules and regulations.
The Company has not formally adopted a written code of business conduct and ethics that governs the Company's employees, officers
and directors as the Company is not required to do so.

 In
lieu of an Audit Committee, the Company's Board of Directors, consisting solely of Koichi Ishizuka, is responsible for reviewing
and making recommendations concerning the selection of outside auditors, reviewing the scope, results and effectiveness of the annual
audit of the Company's financial statements and other services provided by the Company's independent public accountants. Our sole
officer and director reviews the Company's internal accounting controls, practices, and policies.

 Committees
of the Board

 Our
Company currently does not have nominating, compensation, or audit committees or committees performing similar functions nor does our
Company have a written nominating, compensation or audit committee charter. Currently, our sole officer and director, Koichi Ishizuka,
is performing the functions of such committees.

 Audit
Committee Financial Expert

 Our
Board has determined that we do not have a board member that qualifies as an "audit committee financial expert" as defined
in Item 407(D)(5) of Regulation S-K, nor do we have a Board member that qualifies as "independent" as the term is used in
Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(14) of the
FINRA Rules.

 We
believe that our sole director, Koichi Ishizuka, is currently capable of analyzing and evaluating our financial statements and understanding
internal controls and procedures for financial reporting.

 Involvement
in Certain Legal Proceedings

 Our
sole officer and director has not been involved in any of the following events during the past ten years:

 1.

 bankruptcy
 petition filed by or against any business of which such person was a general partner or executive officer either at the time of the
 bankruptcy or within two years prior to that time;

 2.

 any conviction in a criminal
 proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

 3.

 being subject to any order,
 judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily
 enjoining, barring, suspending or otherwise limiting his/her involvement in any type of business, securities or banking activities;
 or

 4.

 being found by a court
 of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal
 or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

 5.

 Such person was found by
 a court of competent jurisdiction in a civil action or by the Commission to have violated any Federal or State securities law, and
 the judgment in such civil action or finding by the Commission has not been subsequently reversed, suspended, or vacated;

 6.

 Such person was found by
 a court of competent jurisdiction in a civil action or by the Commodity Futures Trading Commission to have violated any Federal commodities
 law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission has not been subsequently reversed,
 suspended or vacated;

 7.

 Such person was the subject
 of, or a party to, any Federal or State judicial or administrative order, judgment, decree, or finding, not subsequently reversed,
 suspended or vacated, relating to an alleged violation of:(i) Any Federal or State securities or commodities law or regulation; or(ii)
 Any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent
 injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal
 or prohibition order; or(iii) Any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity;
 or

 8.

 Such person was the subject
 of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as
 defined in Section 3(a)(26) of the Exchange Act (15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29) of
 the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange, association, entity or organization that has disciplinary
 authority over its members or persons associated with a member.

 Independence
of Directors

 We
are not required to have independent members of our Board of Directors, and currently we do not have any independent Directors.

 Code
of Ethics

 We
have not adopted a formal Code of Ethics. The Board of Directors evaluated the business of the Company and the number of employees and
determined that since the business is operated by a small number of persons, general rules of fiduciary duty and federal and state criminal,
business conduct and securities laws are adequate ethical guidelines. In the event our operations, employees and/or Directors expand
in the future, we may take actions to adopt a formal Code of Ethics.

 Shareholder
Proposals

 Our
Company does not have any defined policy or procedural requirements for shareholders to submit recommendations or nominations for Directors.
The Board of Directors, which presently consists solely of Koichi Ishizuka, believes that, given the stage of our development, and our
limited resources, a specific nominating policy would be premature and of little assistance until our business operations develop to
a more advanced level. Our Company does not currently have any specific or minimum criteria for the election of nominees to the Board
of Directors and we do not have any specific process or procedure for evaluating such nominees. The Board of Directors will assess all
candidates, whether submitted by management or shareholders, and make recommendations for election or appointment.

 A
shareholder who wishes to communicate with our Board of Directors may do so by directing a written request addressed to our Chief Executive
Officer, Koichi Ishizuka, at the address appearing on the first page of this Annual Report.

 -
17 -

 Table

 Item
11. Executive Compensation.

 Summary
Compensation Table:

 Name
 and

 principal
 position

 Year
 Ended July 31

 Salary

 ($)

 Bonus

 ($)

 Stock

 Awards

 ($)

 Option

 Awards

 ($)

 Non-Equity

 Incentive
 Plan

 ($)

 Nonqualified

 Deferred

 Earnings
 ($)

 All
 Other

 ($)

 Total

 ($)

 Ishizuka

 Chief
 Executive Officer, Chief Financial Officer, President, Secretary, Treasurer, and Director (1)

 2023

 917,895

 917,895

 2022

 (1) The
row indicating compensation paid to Koichi Ishizuka includes monetary payments made by the Company and/or its wholly-owned subsidiaries
to White Knight Co., Ltd., a Japanese entity controlled by our sole officer and director, Koichi Ishizuka.

the period ending July 31, 2023, the Company paid White Knight Co., Ltd. $917,895 for compensation expenses.

of Directors

 The
table above summarizes the compensation of our directors, of whom we have one at this time, through our most recent fiscal year ending
July 31, 2023.

 Stock
Option Grants

 We
have not granted any stock options to our executive officers, since our incorporation.

 Employment
Agreements

 We
do not have an employment or consulting agreement with our sole officer and director.

 -
18 -

 Table

 Item
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

 As
 of December 29, 2023, the Company has 2,072,642,444 shares of Common Stock and no shares
 of Preferred Stock issued and outstanding.

 As
of December 29, 2023, we have 2,072,642,444 shares of Common Stock and 0 shares of Preferred Stock issued and outstanding.

 At
this time, we are pending review of a FINRA corporate action, to effect a 100 to 1 Reverse Stock Split. Pursuant to the action, there
is to be no change in the quantity of our authorized shares of Common Stock or Preferred Stock.

 The
legal date of the Certificate of Change that we have filed with the Nevada Secretary of State on December 6, 2023, in connection with
our Reverse Stock Split, will not be the same exact date as the FINRA effective date of our Reverse Stock Split. The figures herein,
do not account for the aforementioned reverse stock split.

 Unless
otherwise noted, the address for each of the below parties is the same as that for the Company.

 Name
 and Address of Beneficial Owner

 of Common Stock Beneficially Owned

 Stock Voting Percentage Beneficially Owned

 Voting
 Shares Preferred Stock Are Able to Vote

 Preferred
 Stock Voting Percentage Beneficially Owned

 Total
 Voting Percentage Beneficially Owned (1)

 Executive
 Officers and Directors

 Ishizuka 1

 101,363,636

 4.891 %

 -

 -

 4.891 %

 5%
 or greater Shareholders (of any class)

 White
 Knight Co., Ltd. 2

 1,525,575,514

 73.605%

 -

 -

 73.605%

 Total

 1,626,939,150

 77.39%

 -

 -

 78.496%

 The row above for Koichi Ishizuka denotes shares held under his personal name and does
 not include those shares held indirectly through White Knight Co., Ltd. Collectively, with
 White Knight Co., Ltd., Koichi Ishizuka retains control of 1,626,939,150 shares of Common
 Stock.

 White Knight Co., Ltd., is owned entirely by our sole officer and director, Koichi
 Ishizuka.

 Beneficial
ownership has been determined in accordance with Rule 13d-3 under the Exchange Act. Under this rule, certain shares may be deemed to
be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares).
In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire shares (for example, upon
exercise of an option or warrant) within 60 days of the date as of which the information is provided. In computing the percentage ownership
of any person, the amount of shares is deemed to include the amount of shares beneficially owned by such person by reason of such acquisition
rights. As a result, the percentage of outstanding shares of any person as shown in the following table does not necessarily reflect
the person's actual voting power at any particular date.

 Item
13. Certain Relationships and Related Transactions, and Director Independence.

Compensation Expense

the period ending July 31, 2023, the Company paid White Knight Co., Ltd. $917,895 for compensation expenses. White Knight Co., Ltd.
is owned and controlled by our sole officer and director, Koichi Ishizuka.

Paid-In Capital

the period ended July 31, 2022, White Knight forgave a loan to the Company of approximately $2,317,272, which is recorded as additional
paid-in capital.

 The
Company's sole officer and director, Koichi Ishizuka, paid expenses on behalf of the Company totaling $55,030 during the period
ended July 31, 2022. These payments are considered contributions to the company with no expectation of repayment and are posted as additional
paid-in capital.

 Purchase
of wholly owned subsidiary

 On September
14, 2021, we entered into an "Acquisition Agreement" with related party White Knight Co., Ltd., a Japan Company, whereas
we issued 500,000,000 shares of restricted common stock to White Knight Co., Ltd., in exchange for 100% of the equity interests of WB
Burgers Japan Co., Ltd., a Japan Company. Pursuant to the agreement, on October 1, 2021, White Knight Co., Ltd. has agreed to, and has
subsequently forgiven any outstanding loans with WB Burgers Japan Co., Ltd. as of October 1, 2021. Following this transaction, WB Burgers
Japan Co., Ltd. became our wholly owned subsidiary which we now operate through.

 In
 regards to the above transaction, the Company claims an exemption from registration afforded
 by Section Regulation S of the Securities Act of 1933, as amended ("Regulation S") for the
 above sales/issuances of the stock since the sales/issuances of the stock were made to non-U.S.
 persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore
 transactions, and no directed selling efforts were made in the United States by the issuer,
 a distributor, any of their respective affiliates, or any person acting on behalf of any
 of the foregoing.

Information

the period ended July 31, 2023, and through the date of this Annual Report, December 29, 2023 we operated and continue to operate a ghost
kitchen, called "Next Restaurant", in partnership with Next Meats Holdings, Inc. The Company holds a licensing agreement
with Next Meats pertaining to Next Restaurant operations, whereby the Company pays a 1% royalty fee to Next Meats based on revenue earned
from the sale of Next Meats' products. As of July 31, 2023, the royalty liability owed to Next Meats was approximately $37. Next
Restaurant shares the same kitchen space as the Company's Omotesando location situated at 6-19-20 No.15 Arai Bldg Jingumae Shibuya-Ku,
Tokyo, Japan. This location serves as the Company's flagship and sole physical dine-in location. Products from Next Restaurant
can be enjoyed either within the premises or taken out, as the ghost kitchen operates in conjunction with the Company's flagship
Wayback Burgers restaurant at the same location.

Ishizuka is an executive officer and director of Next Meats Holdings, Inc., and through his direct and indirect ownership of Next Meats
Holdings, Inc., he is deemed to be the controlling shareholder of Next Meats Holdings, Inc.

 From
 time to time, we purchase food products that we offer through our menu items from Mama Foods
 Co., Ltd., a Japanese Company owned and controlled by our sole officer and director, Koichi
 Ishizuka.

 -
19 -

 Table

 Review,
Approval and Ratification of Related Party Transactions

 Given
our small size and limited financial resources, we have not adopted formal policies and procedures for the review, approval or ratification
of transactions, such as those described above, with our executive officer, director and significant stockholders. We intend to establish
formal policies and procedures in the future, once we have sufficient resources and have appointed additional directors, so that such
transactions will be subject to the review, approval or ratification of our Board of Directors, or an appropriate committee thereof.
On a moving forward basis, our sole officer and director, Koichi Ishizuka, will continue to approve any related party transaction.

 Item
14. Principal Accounting Fees and Services.

 Below
is the approximate aggregate amount of fees billed for professional services rendered by our principal accountants with respect to our
last two fiscal year ends, each having ended July 31 st.

 2023

 2022

 Audit
 fees

 BF Borgers CPA PC

 $-

 $21,600

 Audit
 related fees

 BF Borgers CPA PC

 $-

 -

 Audit
 fees

 M&K CPAS, PLLC

 $76,000

 $39,250

 Audit
 related fees

 M&K CPAS, PLLC

 $-

 -

 Tax
 fees

 -

 -

 All
 other fees

 -

 -

 Total

 $76,000

 $60,850

 Audit
fees represent the professional services rendered for the audit of our annual financial statements and the review of our financial statements
included in quarterly reports, along with services normally provided by the accounting firm in connection with statutory and regulatory
filings or engagements. These values are approximations. Audit-related fees represent professional services rendered for assurance and
related services by the accounting firm that are reasonably related to the performance of the audit or review of our financial statements
that are not reported under audit fees. These are also approximations.

 Tax
fees represent professional services rendered by the accounting firm for tax compliance, tax advice, and tax planning. All other fees
represent fees billed for products and services provided by the accounting firm, other than the services reported for in the other categories.

 -
20 -

 Table

 PART
IV

 Item
15. Exhibits, Financial Statement Schedules.

 (a)
Financial Statements

 1.
Financial statements for our company are listed in the index under Item 8 of this document.

 2.
All financial statement schedules are omitted because they are not applicable, not material or the required information is already shown
in the financial statements or notes.

 (b)
Exhibits required by Item 601 of Regulation S-K.

 Exhibit
 No.

 Description

 3.1

 Restated
 Articles of Incorporation (1)

 3.1
 (i)

 Certificate
 of Amendment (2)

 3.1
 (ii)

 Certificate
 of Amendment (3)

 3.1
 (iii)

 Amended
 and Restated Certificate of Incorporation (4)

 3.1
 (iv)

 Certificate
 of Change (5)

 3.2

 By-laws
 (6)

 10.1

 Master
 Franchise Agreement (7)

 Certification of the Company's Principal Executive and Prinipal Financial Officer pursuant to the Securities Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (8)

 Certification of the Company's Principal Executive and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (8)

 101.SCH

 101.CAL

 101.DEF

 101.LAB

 101.PRE

 Cover

 _________________

 (1)

 F iled
 as an exhibit to the Company's Form 8-K, as filed with the SEC on March 4, 2021, and incorporated herein by this reference.

 (2)

 Filed
 as an exhibit to the Company's Form 8-K, as filed with the SEC on June 22, 2021, and incorporated herein by this reference.

 (3)

 Filed
 as an exhibit to the Company's Form 8-K, as filed with the SEC on July 8, 2021, and incorporated herein by this reference.

 (4)

 Filed
 as an exhibit to the Company's Form 8-K, as filed with the SEC on August 21, 2023, and incorporated herein by this reference.

 (5)

 Filed
 as an exhibit to the Company's Form 8-K, as filed with the SEC on December 7, 2023, and incorporated herein by this reference.

 (6)

 Filed as an exhibit to the
 Company's Form 10-12G, as filed with the SEC on December 28, 2020, and incorporated herein by this reference.

 (7)

 Filed as an exhibit to the
 Company's Form 8-K, as filed with the SEC on September 16, 2021, and incorporated herein by this reference.

 (8)

 Filed
 herewith.

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) 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.

 WB

 (Registrant)

 By: /s/

Ishizuka, Chief Executive Officer

 Dated:
December 29, 2023

 By: /s/

Ishizuka, Chief Financial Officer

 Dated:
December 29, 2023

 In
accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities
and on the dates indicated.

 By: /s/

Ishizuka, Chief Executive Officer

 Dated:
December 29, 2023

 By: /s/

Ishizuka, Chief Financial Officer

 Dated:
December 29, 2023

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