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LEASE
12 Months Ended
Jul. 31, 2025
LEASE  
LEASE

Note 7 – 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 years ended July 31, 2025, and 2024, right-of-use asset and lease information about the Company’s operating lease consists of:

 

 

 

Years ended

 

 

 

July 31,

 

 

 

2025

 

 

2024

 

Operating lease cost

 

$44,000

 

 

$3,742

 

Variable lease cost

 

 

902

 

 

 

-

 

Total lease cost

 

$44,902

 

 

$3,742

 

 

Supplemental cash flow information related to leases was as follows:

 

 

 

 Years ended

 

 

 

 July 31,

 

 

 

2025

 

 

2024

 

Cash paid for operating cash flows from operating leases

 

$44,000

 

 

$-

 

Right-of-use asset obtained in exchange for new operating lease liabilities

 

$-

 

 

$107,370

 

 

 

 

 

 

 

 

 

 

Weighted-average discount rate — operating leases

 

 

5.88%

 

 

5.88%

Weighted-average remaining lease term - operating leases (year)

 

 

1.50

 

 

 

2.5

 

 

Supplemental balance sheet information related to leases consists of:

 

 

 

July 31,

 

 

July 31,

 

 

 

2025

 

 

2024

 

Operating lease right-of-use asset

 

$64,450

 

 

$104,154

 

Operating lease liabilities:

 

 

 

 

 

 

 

 

Current portion

 

 

45,385

 

 

$38,802

 

Non-current portion

 

 

23,709

 

 

 

69,094

 

 

 

$69,094

 

 

$107,896

 

 

The following table outlines maturities of our lease liabilities as of July 31, 2025:

 

Year ending Jul 31,

 

 

 

2026

 

 

48,000

 

2027

 

 

24,000

 

Thereafter

 

 

-

 

 

 

$72,000

 

Less imputed interest

 

 

(2,906)

Operating lease liabilities

 

$69,094