RELATED PARTY TRANSACTIONS

12 Months Ended

Jul. 31, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

 NOTE 3 - RELATED PARTY TRANSACTIONS

- During the years ended year ended July 31, 2023 and 2022, related parties financed $13,553 and $32,338 for operation expenses, respectively.   As of July 31, 2023, and 2022, the Company was obliged for an unsecured, none-interest bearing demand loans to three related parties, with balances of $47,499 and $33,946, respectively.

- During the years ended July 31, 2023 and 2022, the Company recognized $3,990 and $1,542 interest on related party loans and imputed in additional paid-in-capital, respectively.

- During the years ended July 31, 2023 and 2022, the Company recognized and paid $86,000 and $35,000 of salary to a member of the board of directors for services rendered to the Company. As at July 31, 2023 and 2022, the Company recognized prepaid wages of $0 and $1,098 for over payment of salary, respectively.

- During the years ended July 31, 2023 and 2022, the Company paid $2,800 and $0 salary to the Company’s corporate secretary – related party.

- On March 1, 2022, the Company entered in a consulting agreement in the field of Healthcare with a monthly payment of $8,333, with First DP Ventures, LP. The services were performed by a member of the Company’s board of directors. During the years ended July 31, 2023 and 2022, the Company generated revenues of $100,001 and $41,666 and recognized and paid $86,000 and $35,000 salary to a member of the board of directors, respectively.

- During the year ended July 31, 2023, the Company issued 2,000,000 shares of common stock to two directors for $2,000.  As of July 31, 2023, the Company recorded a common stock subscriptions receivable – related parties of $2,000. The payments were collected prior to the issuance of this annual report. This issuance resulted in stock-based compensation of $7,018,000.

- 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.

- As discussed in Note 5, related parties surrendered common stock to the Company.