RELATED PARTY TRANSACTIONS

3 Months Ended

Oct. 31, 2024

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

During the three months ended October 31, 2024 and 2023, related parties financed $5,598 and $0 for operation expenses and repaid related parties’ loan of $1,600 and $19,102, respectively.

As of October 31, 2024, and July 31, 2024, the Company was obliged for unsecure, non-interest-bearing demand loans to three related parties, with balances of $80,146 and $76,148, respectively.

During the three months ended October 31, 2024, and 2023, the Company recognized $1,878 and $919 interest on related party balances and imputed in additional paid-in-capital, respectively.

During the three months ended October 31, 2024 and 2023, the Company recognized and paid $0 and $21,000 of salary to a member of the board of directors for services rendered to the Company, respectively.

During the three months ended October 31, 2024 and 2023, the Company paid $0 and $21,725 salary to Robin Fuller Jennings 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 three months ended October 31, 2024 and 2023, the Company generated revenues of $0 and $25,000, respectively. On March 29, 2024, the consulting agreement was terminated, and the result of Healthcare operations was recognized as discontinued operations (Note 4).

During the three months ended October 31,2024, and 2023 the Company generated revenues of $35,663 and $0 from sales of material to a company controlled by a related party.