XML 24 R13.htm IDEA: XBRL DOCUMENT v3.25.3
DUE FROM RELATED PARTY
3 Months Ended
Oct. 31, 2025
DUE FROM RELATED PARTY  
DUE FROM RELATED PARTY

NOTE 6 – DUE FROM RELATED PARTY

 

On July 8, 2025, the Company and RAC Merger LLC (“RAC Merger”) entered into a share purchase agreement in order to sell 100% issued and outstanding shares of RAC Real Estate Acquisition Corp., to RAC Merger for a total purchase amount of $2,374,896. RAC Merger is owned by certain shareholders, officers and directors of the Company or its wholly owned subsidiary, RAC Real Estate Acquisition Corp.  During the year ended July 31, 2025, RAC Merger as a majority shareholder of the Company, was paid a part of purchase price in the form of the property it received which equalled the amount $2,339,273. As of October 31, 2025 and July 31, 2025, RAC Merger owed the Company $35,623, which is payable as a dividend to the remaining minority shareholders of the Company. 

 

During the three months ended October 31,2025, the Company’s related parties advanced to the Company an amount of $22,890 by paying for operating expenses on behalf of the Company. The advances are unsecured, non-interest-bearing and due on demand and have not been formalized by a promissory note.

 

As of October 31,2025, and July 31,2025, the related party owed an amount of $12,733 and $35,623 to the Company, respectively.