LOANS PAYABLE

3 Months Ended

Oct. 31, 2023

LOANS PAYABLE

LOANS PAYABLE

NOTE 8 – LOANS PAYABLE

As of October 31, 2023, loans payable consist of as follows;

	October 31,
	2023			Interest rate		Maturity	Payment
Loan dated October 26, 2023	$	114,800			9.50%	2053	$909 monthly*
Loan dated October 26, 2023		114,800			9.50%	2053	$909 monthly*
Total loans payable		229,600
Less: Unamortized debt discount		(14,490	)
Total		215,110
Less: current portion of loans payable		-
Long-term loans payable	$	215,110

During the three months ended October 31, 2023, the Company had DSCR loans of $229,600.

* Monthly payment of $909 for the first 120 months, and thereafter will be in the amount of $1,070.

The following table outlines maturities of our long-term loans payable, as of October 31, 2023:

Year ending July 31,
Remaining of 2024	$	14,541
2025		21,812
2026		21,812
2027		21,812
2028		21,812
Thereafter		629,973
		731,762
Imputed interest		(502,162	)
Loan	$	229,600