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LEASE (Tables)
3 Months Ended
Oct. 31, 2024
LEASE  
Summary of lease Cost

 

 

Three months ended

 

 

 

October 31,

 

 

 

2024

 

Operating lease cost

 

$8,000

 

Variable lease cost

 

 

3,226

 

Total lease cost

 

$11,226

 

Summary supplemental cash flow information

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

 

Summary of balance sheet information

 

 

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

 

Summary of maturities of lease liabilities

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