RELATED PARTY TRANSACTIONS

6 Months Ended

Jan. 31, 2025

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

During the six months ended January 31, 2025 and 2024, related parties financed $11,398 and $0 for operation expenses and repaid related parties’ loan of $10,000 and $33,352, respectively.

As of January 31, 2025, and July 31, 2024, the Company was obliged for unsecure, non-interest-bearing demand loans to four  related parties, with balances of $65,893 and $64,495 respectively.

During the six months ended January 31, 2025, and 2024, the Company recognized $3,762 and $1,344 interest on related party balances and imputed in additional paid-in-capital, respectively.

During the six months ended January 31, 2025 and 2024, the Company recognized and paid $0 and $42,000 of salary to a member of the board of directors for services rendered to the Company, respectively.

During the six months ended January 31, 2025 and 2024, the Company paid $0 and $30,475 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 six months ended January 31, 2025 and 2024, the Company generated revenues of $0 and $50,000, 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 six months ended January 31,2025, and 2024 the Company generated revenues of $74,894 and $0 from sales of material to a company controlled by a related party.

During the six months ended January 31,2025 and 2024, the Company incurred cost of revenues of $20,750 and $0 from services rendered by a subcontractor controlled by a related party.

As of January 31, 2025 and July 31, 2024, the Company was obliged for accounts payable to one related party, with balances of $1,650 and $0, respectively