CONCENTRATION OF RISK

3 Months Ended

Oct. 31, 2025

Risks and Uncertainties [Abstract]

CONCENTRATION OF RISK

NOTE 8 — CONCENTRATION OF RISK

Credit risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash held in banks. The cash balance in each financial institution in the United States is insured by the FDIC up to $250,000. As of October 31, 2025, a cash balance of $800,865 was maintained at a financial institution in United States, of which $ $430,865 was subject to credit risk.

The Hong Kong Deposit Protection Board pays compensation up to a limit of HKD 500,000 (approximately US$64,000) if the bank with which an individual/company holds its eligible deposit fails. As of October 31,2025, a cash balance of $848,204 was maintained at a financial institution in Hong Kong, of which approximately $ $671,107 was subject to credit risk. Management believes that the financial institution is of high credit quality and continually monitors its credit worthiness.

Customer concentration risk

For the three months ended October 31, 2025, two customers accounted for 45% and 14% of the Company’s total revenues.

For the three months ended October 31, 2024, two customers accounted for 56.5%, and 19.7% of the Company’s total revenues.

As of October 31, 2025, four customers accounted for 27%, 31%, 18%, and 24% of the Company’s total accounts receivable. As of July 31, 2025, no customer accounted for over 10% of the Company’s total accounts receivable.

Vendor concentration risk

For the three months ended October 31, 2025, two vendors accounted for 48% and 16% of the Company’s total purchases.

For the three months ended October 31, 2024, two vendors accounted for 59.0% and 20.6% of the Company’s total purchase.

As of October 31, 2025, three vendors accounted for 32%, 42%, and 26% of the Company’s total accounts payable.

As of July 31, 2025, one vendor accounted for 100.0% of the Company’s total accounts payable.