6. RELATED PARTY TRANSACTIONS

6 Months Ended

Jul. 31, 2023

Notes

6. RELATED PARTY TRANSACTIONS

6.RELATED PARTY TRANSACTIONS 

For the three months ended April 30, 2023, the Company’s back-then sole director during the period did not make any new loans to the Company. As part of the change of the Company control effective May 23, 2023, Seller agreed to waive her outstanding $6,010 loan to the Company. Therefore, as of July 31, 2023, the loan of $6,010 was forgiven and it became cancellation of debt. As of July 31, 2023, it is listed under Other Income.

For the six months ended July 31, 2023, Streamline USA, Inc. loaned $19,906 to Glidelogic Corp. Streamline and Glidelogic Corp. share the same ultimate controlling persons – Mr. Dapeng Ma and Mr. Yitian Xue. While they hold majority interest in Streamline line, together they own 100% of Star Success Business, LLC, which owns 75% of Glidelogic’s interest. The loan from Streamline consisted of cash transferred to Glidelogic Corp. or as expenses paid on behalf of Glidelogic Corp. As of July 31, 2023, this loan has been fully paid with the nonmonetary exchange agreement depicted in the Accounts Receivable section. The following is the breakdown of the payoff:

Nonmonetary Exchange Invoice Amount	$30,000
SLI Loan Payable Payoff	(19,906)
Due to Glidelogic Corp.	$10,094