LEASE

12 Months Ended

Jul. 31, 2024

LEASE

LEASE

Note 6 – LEASE

On July 1, 2024, the Company entered into an operating lease for the office, with the term of 31 months, monthly lease expenses of $4,000 with condition the first two months free rent.

For the year ended July 31, 2024, right-of-use asset and lease information about the Company’s operating lease consist of:

	Year ended
	July 31,
	2024
Operating lease cost	$	3,742

Supplemental cash flow information related to leases was as follows:

	Year Ended
	July 31,
	2024
Cash paid for operating cash flows from operating leases	$	-
Right-of-use asset obtained in exchange for new operating lease liabilities	$	107,370
Weighted-average remaining lease term - operating leases (year)		2.50
Weighted-average discount rate -operating leases		5.88	%

Supplemental balance sheet information related to leases consists of:

	July 31,
	2024
Operating lease ROU asset	$	104,154
Operating lease liabilities:
Current portion	$	38,802
Non-current portion		69,094
	$	107,896

The following table outlines maturities of our lease liabilities as of July 31, 2024:

Year ending July 31,
2025	$	44,000
2026		48,000
2027		24,000
Thereafter		-
	$	116,000
Less imputed interest		(8,104	)
Operating lease liabilities	$	107,896