RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2024

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS

During the nine months ended April 30, 2024, and 2023, related parties financed $58,500 and $10,800 for operation expenses, respectively.

During the nine months ended April 30, 2024 and 2023, the Company repaid related party loans of $33,351 and $0, respectively.

As of April 30, 2024, and July 31, 2023, the Company was obliged for an unsecure, non-interest-bearing demand loans to three related parties, with balances of $72,648 and $47,499, respectively.

During the nine months ended April 30, 2024, and 2023, the Company recognized $2,659 and $2,831 interest on related party balances and imputed in additional paid-in-capital, respectively.

During the nine months ended April 30, 2024 and 2023, the Company recognized and paid $56,000 and $65,000 of salary to a member of the board of directors for services rendered to the Company, respectively.

During the nine months ended April 30, 2024 and 2023, the Company paid $30,475 and $0 salary to the Company’s corporate secretary – related party, respectively.

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 nine months ended April 30, 2024 and 2023, the Company generated revenues of $66,667 and $75,001, respectively. On March 29, 2024, the consulting agreement was terminated, and the result of Healthcare operations was recognized as discontinued operations (Note 4).

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.