LOAN RECEIVABLE	3 Months Ended
Oct. 31, 2022
LOAN RECEIVABLE
LOAN RECEIVABLE	NOTE 4 – LOAN RECEIVABLE On July 22, 2022, the Company received a promissory note, in the principal amount of $672,960 from, and entered into a Loan Agreement dated July 18, 2022 with, Fix Pads Holdings, LLC. The note has a 12% interest rate per annum payable of $672,960 and all principal and accrued interest are paid in full by July 1, 2023. Consideration for the note was paid in part by the Company in the amount of $328,626, net of prepayment interest and in part by a third party investor in the amount of $328,626. On August 18, 2022, the Company issued the promissory note. The note has a 12% interest rate per annum payable of $358,620 and is due on August 1, 2023. Consideration for the note was paid in part by the Company in the amount of $175,007, net of prepayment interest and in part by a third party investor in the amount of $175,007. During the three months ended October 31, 2022, the Company collected $124,730, of which $62,365 was collected on behalf of a third party investor, and recorded interest income of $14,255. The Company recorded $62,365 as payable to the third party, included in accounts payable and accrued liabilities as of October 31, 2022.

LOAN RECEIVABLE

3 Months Ended

Oct. 31, 2022

NOTE 4 – LOAN RECEIVABLE

On July 22, 2022, the Company received a promissory note, in the principal amount of $672,960 from, and entered into a Loan Agreement dated July 18, 2022 with, Fix Pads Holdings, LLC. The note has a 12% interest rate per annum payable of $672,960 and all principal and accrued interest are paid in full by July 1, 2023. Consideration for the note was paid in part by the Company in the amount of $328,626, net of prepayment interest and in part by a third party investor in the amount of $328,626.

On August 18, 2022, the Company issued the promissory note. The note has a 12% interest rate per annum payable of $358,620 and is due on August 1, 2023. Consideration for the note was paid in part by the Company in the amount of $175,007, net of prepayment interest and in part by a third party investor in the amount of $175,007.

During the three months ended October 31, 2022, the Company collected $124,730, of which $62,365 was collected on behalf of a third party investor, and recorded interest income of $14,255. The Company recorded $62,365 as payable to the third party, included in accounts payable and accrued liabilities as of October 31, 2022.