PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jan. 31, 2024

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

NOTE 5 – PROPERTY AND EQUIPMENT, NET

As of January 31, 2024, and July 31, 2023, property and equipment consist of as follows;

	January 31,			July 31,
	2024			2023
Homes	$	684,945		$	550,680
Construction in progress		591,885			333,596
		1,276,830			884,276
Accumulated depreciation		(12,270	)		-
	$	1,264,560		$	884,276

As of January 31, 2024, the construction in progress consists of the cost of titles and construction for 7 homes which have not been completed. Four homes have been completed and have been leased.

As of January 31, 2024, the Company entered into four separate lease agreements with monthly lease payments of $1,100 (for one home) and $1,250 (for three homes, each) for a period of one year for each home leased.

During the six months ended January 31, 2024, the Company recorded a depreciation expense of $12,270.