Solar Energy Initiatives : Quarterly Report - 04/30/2022

Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines

SOLAR ENERGY INITIATIVES, INC.

2245 Texas Drive, Ste 300

Sugar Land, Texas 77479

713-446-7481

https://solar-initiatives.com (Website) info@solar-initiatives.com(Email)

SIC Code 7389

Quarterly report

For the Period Ending: April 30, 2022

As of April 30, 2022, (current reporting period) the number of shares outstanding of our Common Stock was:

1,499,996,657

As of January 31, 2021, (Prior quarter reporting date) the number of shares outstanding of our Common Stock was:

1,499,996,657

As of July 31, 2021 (Last Fiscal Year) the number of shares outstanding of our Common Stock was:

1,499,996,657

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes: ☒ No: ☐

Indicate by check mark whether the company's shell status has changed since the previous reporting period: Yes: ☐ No: ☒

Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period: Yes: ☐ No: ☒

1. Name and address(es) of the issuer and its predecessors (if any)

In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.

The public company, NP Capital, Inc. was accepted for quotation on the NASDAQ Over the Counter Bulletin on July 15, 2008, under the symbol "NPCX". On August 21, 2008, the Company entered into a Website Purchase Agreement with Solar Energy, Inc. and on

September 18, 2008, filed corporate amendments with the State of Delaware changing its name to Solar Energy Initiatives, Inc. and on September 24, 2008, changed its symbol to "SNRY".

SOLAR ENERGY INITIATIVES, Inc. was formed as a Delaware corporation on June 20, 2006 for the purpose of operating acquired solar energy assets. Over the next several years, it formed or acquired several subsidiaries. By 2013, each of the subsidiaries was dormant and were all closed.

Recognizing the limitations of the solar market as of 2013, the Company pursued plans of entertaining and hospitality industries. This re-direction of company resources never reached fruition, and since 2014, the Company has been virtually dormant.

Effective June 24, 2021, the Company was sold to Krisa Management who is currently researching an operating company to either merge or purchase the Company and reactivate the operations of the company.

The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):

Delaware - Active

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:

None

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

As noted above, the company's controlling interest was acquired by Krisa Management

The address(es) of the issuer's principal executive office:

(Effective 6/24/21)

2245 Texas Drive, Ste 300

Sugar Land, TX 77479

The address(es) of the issuer's principal place of business:

Check box if principal executive office and principal place of business are the same address: ☒

Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?

If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:

None

1. Issuance History

1. Changes to the Number of Outstanding Shares

Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☒

B. Debt Securities, Including Promissory and Convertible Notes

Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.

Check this box if there are no outstanding promissory, convertible notes or debt arrangements: ☒

1. Financial Statements

A. The following financial statements were prepared in accordance with:

• U.S. GAAP ☐ IFRS

B. The financial statements for this reporting period were prepared by (name of individual)4:

Provide the financial statements described below for the most recent fiscal year or quarter. For the initial disclosure statement (qualifying for Pink Current Information for the first time) please provide reports for the two previous fiscal years and any subsequent interim periods.

1. 1. Balance Sheet, as of April 30, 2022 and July 31, 2021
   2. Statement of Income; for the nine months ended April 30, 2022 and 2021
   3. Statement of Cash Flows; for the nine months ended April 30, 2022 and 2021
   4. Statement of Changes in Stockholders' Equity, for the period July 31, 2019 through April 30, 2022
   5. Notes to the Financial Statements
2. Issuer's Business, Products and Services

The purpose of this section is to provide a clear description of the issuer's current operations. In answering this item, please include the following:

1. Summarize the issuer's business operations
   Currently the Company does not have operations following the change of ownership June 24, 2021.
2. Please list any subsidiaries, parents, or affiliated companies.

None

C. Describe the issuers' principal products or services.

.

Currently the Company does not have operations following the change of ownership June 24, 2021

1. Issuer's Facilities

The issuer's Corporate Headquarters are located at 2245 Texas Dr., Ste 300, Sugar Land, Texas 77479

1. Company and Control Persons)