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5. RELATED PARTY TRANSACTIONS
6 Months Ended
Jul. 31, 2025
Notes  
5. RELATED PARTY TRANSACTIONS

5.RELATED PARTY TRANSACTIONS 

 

In terms of related party transactions, Streamline and Glidelogic Corp. share the same ultimate controlling persons – Mr. Dapeng Ma and Mr. Yitian Xue. While they hold majority interest in Streamline, together they own 100% of Star Success Business, LLC (SSB), which owns 75% of Glidelogic’s interest. 

 

On February 1, 2025, Glidelogic executed separate Promissory Note Amendments with Streamline, Dapeng Ma, Yitian Xue, and Star Success Business extending the maturity date of each loan to January 31, 2026. Under the amended terms, all outstanding loans will remain interest-free until January 31, 2026. Thereafter, a simple annual interest rate of 3% will apply, calculated on a 365-day year basis. Interest will begin accruing from February 1, 2026, until the loan is repaid. The terms may be renegotiated upon mutual agreement.

 

 

The related party transactions are as follows:

 

1)For the six months ended July 31, 2025, Streamline USA, Inc. loaned $7,263 to the Company as depicted below. Since GDLG had no Note Payable balance to Streamline as of January 31, 2025, for the six months ended July 31, 2025, the Note Payable balance to Streamline is $7,263, no repayment was made during this period. 

 

Date

Details

Amount

Int. Accrue Starting

2025/02/28

Loan to GDLG

$100.00

2026/02/01

2025/03/14

Loan to GDLG

$100.00

2026/02/01

2025/03/18

Loan to GDLG

$600.00

2026/02/01

2025/06/17

Loan to GDLG

$163.00

2026/02/01

2025/06/20

Loan to GDLG

$2,800.00

2026/02/01

2025/07/31

Loan tGDLG

$3,500.00

2026/02/01

Total Loan Amount ao07/31/2025

$7,263.00

 

 

2)For the six months ended July 31, 2025, Mr. Dapeng Ma (director of the Company) loaned $4,300 to the Company as depicted below. With the $5,000 Note Payable balance to Mr. Ma on January 31, 2025, the total Note Payable to Mr. Ma is $9,300 as of July 31, 2025, no repayment was made during this period.  

 

Date

Details

Amount

Int. Accrue Starting

2024/04/22

Loan to GDLG

$500.00

2026/02/01

2024/09/16

Loan to GDLG

$1,000.00

2026/02/01

2024/10/01

Loan to GDLG

$3,000.00

2026/02/01

2024/10/29

Loan to GDLG

($4,500.00)

2026/02/01

2024/11/14

Loan to GDLG

$5,000.00

2026/02/01

2025/02/12

Loan to GDLG

$2,000.00

2026/02/01

2025/04/22

Loan to GDLG

$200.00

2026/02/01

2025/05/19

Loan to GDLG

$1,000.00

2026/02/01

2025/05/30

Loan to GDLG

$300.00

2026/02/01

2025/06/03

Loan to GDLG

$800.00

2026/02/01

Total Loan Amount aof 07/31/2025

$9,300.00

 

 

 

3)For the six months ended July 31, 2025, Mr. Yitian Xue (director of the Company) loaned $45,548 to the Company as depicted below. The Company also made a total of $1,720 loan repayment to Mr. Xue during this period. Thus, with the $17,132 Note Payable balance to Mr. Xue on January 31, 2025, the total Note Payable to Mr. Xue is $60,959 as of July 31, 2025.  

 

Date

Details

Amount

Int. Accrue Starting

2024/04/30

Loan to GDLG

$165.00

2026/02/01

2024/05/01

Loan to GDLG

$11,864.51

2026/02/01

2024/05/20

Loan to GDLG

$602.00

2026/02/01

2024/05/20

Loan to GDLG

$500.00

2026/02/01

2024/06/12

Loan to GDLG

$3,500.00

2026/02/01

2024/07/03

Loan to GDLG

$500.00

2026/02/01

2025/02/20

Loan to GDLG

($800.00)

2026/02/01

2025/02/24

Loan to GDLG

($320.00)

2026/02/01

2025/02/24

Loan to GDLG

($600.00)

2026/02/01

2025/03/17

Loan to GDLG

$7,500.00

2026/02/01

2025/03/18

Loan to GDLG

$200.00

2026/02/01

2025/04/01

Loan to GDLG

$900.00

2026/02/01

2025/04/09

Loan to GDLG

$250.00

2026/02/01

2025/04/10

Loan to GDLG

$200.00

2026/02/01

2025/04/14

Loan to GDLG

$16,045.00

2026/02/01

2025/04/21

Loan to GDLG

$500.00

2026/02/01

2025/04/21

Loan to GDLG

$7,500.00

2026/02/01

2025/04/29

Loan to GDLG

$15.00

2026/02/01

2025/04/30

Loan to GDLG

$164.00

2026/02/01

2025/05/02

Loan to GDLG

$1,200.00

2026/02/01

2025/05/30

Loan to GDLG

$64.00

2026/02/01

2025/05/31

Loan to GDLG

$380.02

2026/02/01

2025/05/31

Loan to GDLG

$220.00

2026/02/01

2025/05/31

Loan to GDLG

$148.48

2026/02/01

2025/06/12

Loan to GDLG

$3,500.00

2026/02/01

2025/06/13

Loan to GDLG

$2,199.00

2026/02/01

2025/06/30

Loan to GDLG

$64.00

2026/02/01

2025/06/30

Loan to GDLG

$457.75

2026/02/01

2025/06/30

Loan to GDLG

$220.00

2026/02/01

2025/06/30

Loan to GDLG

$500.54

2026/02/01

2025/06/30

Loan to GDLG

$1,186.80

2026/02/01

2025/07/11

Loan to GDLG

$500.00

2026/02/01

2025/07/30

Loan to GDLG

$64.00

2026/02/01

2025/07/31

Loan to GDLG

$498.19

2026/02/01

2025/07/31

Loan to GDLG

$183.98

2026/02/01

2025/07/31

Loan to GDLG

$570.71

2026/02/01

2025/07/31

Loan to GDLG

$316.50

2026/02/01

Total Loan Amount as of 07/31/2025

$60,959.48

 

 

4)As of July 31, 2025, parent company Star Success Business, LLC still has an inter-company loan agreement with GDLG. The total principal loan amount from SSB to GLDG is $5,000 as shown in the table below, no repayment was made during this period.  

 

Date

Details

Amount

Int. Accrue Starting

2023/10/10

Loan to GDLG

$3,000.00

2026-02-01

2023/10/16

Loan to GDLG

$2,000.00

2026-02-01

 

 

 

 

Total Loan Amount aof 07/31/2025

$5,000.00