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Commitments and Contingencies
3 Months Ended
Oct. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

Litigations, Claims and Assessments

 

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

 

On January 8, 2018, the Company executed an amendment to an existing lease agreement to extend the lease term for one year at a rate of $19,132 per month. Rent expense was $87,906 and $0 for the three months ended October 31, 2018 and 2017.

Future minimum lease payments of the lease are below:

Year  Amount
 2019   $229,584 
 2020   $95,660 

On February 23, 2016, the Company entered into a sixty-six (66) month lease for two copiers for quarterly payment of $1,350.

Future minimum lease payments of the lease are below:

Year  Amount
 2019   $2,700 
 2020   $5,400 
 2021   $5,400