LOAN RECEIVABLE	6 Months Ended
Jan. 31, 2023
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 six months ended January 31, 2023, the Company collected principal of $124,200 and interest of $37,872, of which principal of $62,100 and interest of $16,796 were collected on behalf of a third-party investor. During the six months ended January 31, 2023, the Company recorded interest income of $27,824. As of January 31, 2023 and July 31, 2022, the Company recorded deferred interest income of $0 and $6,748, respectively.

LOAN RECEIVABLE

6 Months Ended

Jan. 31, 2023

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 six months ended January 31, 2023, the Company collected principal of $124,200 and interest of $37,872, of which principal of $62,100 and interest of $16,796 were collected on behalf of a third-party investor. During the six months ended January 31, 2023, the Company recorded interest income of $27,824.

As of January 31, 2023 and July 31, 2022, the Company recorded deferred interest income of $0 and $6,748, respectively.