CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Unaudited)

6 Months Ended

Jan. 31, 2024

Condensed Financial Information Disclosure [Abstract]

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Unaudited)

NOTE 9 — CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Unaudited)

The Company performed a test on the restricted net assets of its consolidated subsidiaries in accordance with Rule 4-08(e)(3) of Regulation S-X promulgated by the SEC, “General Notes to Financial Statements” and concluded that it was applicable and the Company is required to disclose the required financial statement information for the parent company.

The subsidiaries did not pay any dividends to the parent during the periods presented. For the purpose of presenting parent only financial information, the Company records its investment in its subsidiaries under the equity method of accounting. Such investments are presented on the separate parent only balance sheets as “investment in subsidiaries” and the income (loss) of the subsidiaries is presented as “share of income (loss) of subsidiaries.” Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been condensed or are not required.

PARENT COMPANY BALANCE SHEET

	January 31,
	2024
		(Unaudited)
ASSETS
Cash	$	117,661
Prepaid expense		250
Receivable from subsidiaries		207,584
Investment in subsidiaries		359,167
Total Assets	$	684,662
LIABILITIES
Accounts payable and other accrued liabilities	$	9,800
Due to related parties		2,132
		11,932
Stockholders’ equity
Series A Preferred stock, $0.0001 par value; 80,000 shares authorized; 0 and 80,000 shares issued and outstanding as of January 31, 2024 and July 31, 2023, respectively		–
Undesignated preferred stock, $0.0001 par value; 20,000,000 shares authorized; no shares issued and outstanding		–
Common stock, $0.0001 par value, 100,000,000 shares authorized; 14,781,803 and 5,903,481 shares issued and outstanding as of January 31, 2024 and July 31, 2023, respectively		1,478
Additional paid-in capital		882,424
Accumulated deficit		(211,172	)
Total stockholders’ equity		672,730
Total Liabilities and Stockholders’ Equity	$	684,662

PARENT COMPANY STATEMENT OF OPERATIONS

	For the six months ended January 31,
	2024
		(Unaudited)
EXPENSES:
General and administrative	$	(197,930	)
OTHER INCOME:
Income from investment in subsidiaries		263,279
Net Income	$	65,349

PARENT COMPANY STATEMENT OF CASH FLOWS

	For the six months ended
	January 31, 2024
Cash flows from operating activities:
Net income	$	65,349
Adjustments to reconcile net income to net cash (used in) operating activities:
Share of gain from investment in subsidiaries		(263,279	)
Change in operating assets and liabilities:
Prepaid expense		1,500
Accounts payable and other accrued liabilities		(7,578	)
Net cash (used in) operating activities		(204,008	)
Cash flows from financing activities:
Proceeds received from private offerings		433,213
Repayment of operating funds to related party		(178,097	)
Net cash provided by financing activities		255,116
Net increase in cash and cash equivalents		51,108
Cash and cash equivalents at beginning of period		66,553
Cash and cash equivalents at end of period	$	117,661