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DISCOUNTINED OPERATIONS
3 Months Ended
Oct. 31, 2024
DISCOUNTINED OPERATIONS  
DISCOUNTINED OPERATIONS

NOTE 4 – DISCOUNTINED OPERATIONS

 

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. On March 29, 2024, the consulting agreement was terminated, and the Company implemented a plan to divest the Healthcare consulting to focus its resources on the new operations.

 

As of October 31, 2024 and July 31,2024, the assets and liabilities of the Company related to Healthcare consulting operations were $0, respectively.  

 

The following is a summary of discontinued operations for the three months ended October 31, 2023:

 

 

 

Three Months Ended

 

 

 

October 31,

 

 

 

2023

 

Revenues -related party

 

$25,000

 

Cost of revenues -related party

 

 

22,990

 

Gross Profit

 

 

2,010

 

Operating expenses

 

 

-

 

Income from discontinued operations before income taxes

 

 

2,010

 

Income tax benefit

 

 

 

 

Income from discontinued operations

 

$2,010

 

The following is a summary of discontinued cash flow for the three months ended October 31, 2023:

 

 

 

Three Months Ended

 

 

 

October 31,

 

 

 

2023

 

Net income

 

$2,010

 

Changes in operating assets and liabilities:

 

 

 

 

Net cash provided by operating activities

 

$2,010