Note 6 - Common Stock Transaction

12 Months Ended

Jul. 31, 2023

Notes to Financial Statements

Equity [Text Block]

NOTE 6 — COMMON STOCK TRANSACTION

On September 30, 2021, a note holder converted the $15,000 of principal and $2,400 of interest into 435,000 shares of common stock.

On September 30, 2021, a note holder converted the $31,000 of principal into 310,000 shares of common stock.

During the year ended July 31, 2022, the Company sold 50,000 shares of common stock at $0.10 per share for total cash proceeds of $5,000.

During the year ended July 31, 2022, the Company sold 1,583,336 shares of common stock at $0.03 per share for total cash proceeds of $47,550.

On July 20, 2022, an individual converted a $5,000 loan payable into 200,000 shares of common stock. The shares were valued at $0.03, the closing price on the date of conversion, resulting in the recognition of a $1,000 loss on conversion.

During the year ended July 31, 2023, the Company sold 4,333,334 shares of common stock for total cash proceeds of $85,000. As of July 31, 2023, 333,334 shares have not yet been issued by the transfer agent and are disclosed as $5,000 common stock to be issued.

On July 24, 2023, the Company granted 450,000 shares of common stock for services. The shares were valued at $0.015, for total non-cash expense of $6,750.

Refer to Note 8 for shares sold to a related party.