LOAN RECEIVABLE	9 Months Ended
Apr. 30, 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 nine months ended April 30, 2023, the Company collected principal of $314,211 and interest of $54,020, of which principal of $157,105 and interest of $24,858 were collected on behalf of a third-party investor. During the nine months ended April 30, 2023, the Company recorded interest income of $40,073. As of April 30, 2023, and July 31, 2022, the Company recorded accrued interest income of $4,163 and $0, and deferred interest income of $0 and $6,748, respectively.

LOAN RECEIVABLE

9 Months Ended

Apr. 30, 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 nine months ended April 30, 2023, the Company collected principal of $314,211 and interest of $54,020, of which principal of $157,105 and interest of $24,858 were collected on behalf of a third-party investor. During the nine months ended April 30, 2023, the Company recorded interest income of $40,073.

As of April 30, 2023, and July 31, 2022, the Company recorded accrued interest income of $4,163 and $0, and deferred interest income of $0 and $6,748, respectively.