RELATED PARTY TRANSACTIONS	9 Months Ended
Apr. 30, 2021
RELATED PARTY TRANSACTIONS
NOTE 3 - RELATED PARTY TRANSACTIONS	NOTE 3 - RELATED PARTY TRANSACTIONS Note Payable On July 15, 2014, Kratos Healthcare Inc., a corporation controlled by an officer and director, committed $75,000 in the form of an unsecured line of credit evidenced by a promissory note bearing interest at an annual rate of 5%. On December 31, 2019, the line of credit increased to $150,000 and was extended to December 31, 2021 and may be prepaid without penalty. The Company concluded the note modification was not a significant change and is not treating it as an extinguishment. During the nine months ended April 30, 2021, the Company borrowed $14,150 and repayments under the line of credit to the Company were made in the amount of $0. As of April 30, 2021, the Company was obligated, for this interest-bearing loan with a balance of $119,951 and accrued interest of $15,345. The remaining balance available under the line of credit is $30,049 as of April 30, 2021. For the nine months ended April 30, 2021 and 2020, the Company recorded interest expense of $4,301 and $3,511, respectively, and paid $0 in interest on this note payable. Other The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder, who is also a director of the Company, to use at no charge.

RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2021

NOTE 3 - RELATED PARTY TRANSACTIONS

Note Payable

On July 15, 2014, Kratos Healthcare Inc., a corporation controlled by an officer and director, committed $75,000 in the form of an unsecured line of credit evidenced by a promissory note bearing interest at an annual rate of 5%. On December 31, 2019, the line of credit increased to $150,000 and was extended to December 31, 2021 and may be prepaid without penalty. The Company concluded the note modification was not a significant change and is not treating it as an extinguishment. During the nine months ended April 30, 2021, the Company borrowed $14,150 and repayments under the line of credit to the Company were made in the amount of $0. As of April 30, 2021, the Company was obligated, for this interest-bearing loan with a balance of $119,951 and accrued interest of $15,345. The remaining balance available under the line of credit is $30,049 as of April 30, 2021. For the nine months ended April 30, 2021 and 2020, the Company recorded interest expense of $4,301 and $3,511, respectively, and paid $0 in interest on this note payable.

Other

The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the founder, who is also a director of the Company, to use at no charge.