PROPERTY AND EQUIPMENT

9 Months Ended

Apr. 30, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

Property and equipment as of April 30, 2021 is summarized as follows:

Computer and office equipment	$	7,064
Furniture and fixtures		5,936
Property and equipment, at cost		13,000
Less accumulated depreciation		(673	)
Property and equipment, net	$	12,327

Depreciation expense for the three months and nine months ended April 30, 2021 was $673. The Company had no depreciation expense for the period February 11, 2020 (date of inception) through April 30, 2020. Depreciation expense is included in general and administrative costs in the Company’s consolidated statement of operations.