LEASE

3 Months Ended

Oct. 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 three months ended October 31, 2024, right-of-use asset and lease information about the Company’s operating lease consist of:

	Three months ended
	October 31,
	2024
Operating lease cost	$	8,000
Variable lease cost		3,226
Total lease cost	$	11,226

Supplemental cash flow information related to leases was as follows:

Cash paid for operating cash flows from operating leases	$	8,000
Right-of-use asset obtained in exchange for new operating lease liabilities	$	107,370
Weighted-average discount rate — operating leases		5.88	%
Weighted-average remaining lease term - operating leases (year)		2.25

Supplemental balance sheet information related to leases consists of:

	October 31,
	2024
Operating lease right-of-use asset	$	94,462
Operating lease liabilities:
Current portion		43,434
Non-current portion		57,996
	$	101,430

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

Year ending Jul 31,
2025 (excluding the three months ended October 31, 2024)	$	36,000
2026		48,000
2027		24,000
Thereafter		-
	$	108,000
Less imputed interest		(6,570	)
Operating lease liabilities	$	101,430