RELATED PARTY TRANSACTIONS

3 Months Ended

Oct. 31, 2024

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS

During the three months ended October 31, 2024, and 2023, the Company’s related party advanced $239,000 and $40,000 to the Company, and the Company repaid $0 and $85,000, respectively. The advances are unsecure, due on demand and non-bearing interest.

During the three months ended October 31, 2024, and 2023, the Company’s related parties advanced $0 and $50,000 and the Company repaid $0 and $18,400, respectively. The advances are unsecured, payable during the period of five to ten months with interest of a range from 12% to 24% annual. During the three months ended October 31, 2024, and 2023, the Company recognized and paid interest expenses of $0 and $9,258, respectively.

During the three months ended October 31, 2024, and 2023, the Company repaid related party’s loan of $28,500 and $0 and interest payable of $3,958 and $0, respectively.

As of October 31, 2024, and July 31, 2024, the Company had due to related parties of $1,345,000 and $1,106,000, respectively.