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LOANS PAYABLE (Tables)
3 Months Ended
Oct. 31, 2023
LOANS PAYABLE  
Schedule of loans payable

 

 

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

 

 

 

 

 

 

 

 

 

 
Schedule of maturities of long term loans payable

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