CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Unaudited)

3 Months Ended

Oct. 31, 2024

Condensed Financial Information Disclosure [Abstract]

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Unaudited)

NOTE 10 — 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

	October 31,			July 31,
	2024			2024
ASSETS
Cash	$	94,651		$	14,621
Prepaid expense		1,040			1,820
Investment in subsidiaries		665,755			781,661
Total Assets	$	761,446		$	798,102
LIABILITIES
Accounts payable and other accrued liabilities		110,400			54,000
Payable to subsidiaries		512,416			312,416
Due to related parties		2,271			2,271
Total Liabilities	$	112,671		$	56,271
Stockholders’ Equity
Series A Preferred stock, $0.0001 par value; 80,000 shares authorized; no shares issued and outstanding as of October 31, 2024 and July 31, 2024		–			–
Series B Preferred stock, $0.0001 par value; 80,000 shares authorized; 80,000 shares issued and outstanding as of October 31, 2024 and July 31, 2024		8			8
Undesignated preferred stock, $0.0001 par value; 19,920,000 shares authorized; no shares issued and outstanding		–			–
Common stock, $0.0001 par value, 100,000,000 shares authorized; 14,781,803 shares issued and outstanding as of October 31, 2024 and July 31, 2024		1,478			1,478
Additional paid-in capital		962,416			962,416
Accumulated deficit		(315,127	)		(222,071	)
Total Stockholders’ Equity		648,775			741,831
Total Liabilities and Stockholders’ Equity	$	761,446		$	798,102

PARENT COMPANY STATEMENT OF OPERATIONS

	For the three months ended October 31,
	2024			2023
EXPENSE:
General and administrative	$	(130,415	)	$	(102,833	)
OTHER INCOME
Gain from investment in subsidiaries		9,968			87,049
Other income net		27,391			–
Total other income		37,359			87,049
Net (loss)	$	(93,056	)	$	(15,784	)

PARENT COMPANY STATEMENT OF CASH FLOWS

	For the three months ended October 31,
	2024			2023
Cash flows from operating activities:
Net (loss)	$	(93,056	)	$	(15,784	)
Adjustments to reconcile net income to net cash provided by operating activities:
Share of (gain) from investment in subsidiaries		(9,968	)		(87,049	)
Change in operating assets and liabilities:
Prepaid expense and other assets		780			750
Accounts payable and other accrued liabilities		56,399			59,352
Net cash (used in) operating activities		(45,845	)		(42,731	)
Cash flows from financing activities:
Operating proceeds from subsidiaries		200,000
Deferred offering costs incurred		(74,125	)		–
Net cash provided by financing activities		125,875			–
Net (decrease) increase in cash and cash equivalents		80,030			(42,731	)
Cash and cash equivalents at beginning		14,621			66,553
Cash and cash equivalents at ending	$	94,651		$	23,822