COMMITMENTS AND CONTINGIES (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | |
---|---|---|---|
Feb. 19, 2022 |
Oct. 31, 2022 |
Jul. 31, 2022 |
|
COMMITMENTS AND CONTINGIES (Details Narrative) | |||
Right of use asset | $ 25,842 | $ 30,023 | |
Description of rental agreement | under a 24-month rental agreement covering April 1, 2022 through March 31, 2024, with an initial monthly rental rate of $1,525 in first year increasing to a monthly rate of $1,600 in second year | ||
Operating lease liability | $ 25,681 | ||
Current portion of lease liability | 16,750 | 19,113 | |
Lease liability | $ 8,931 | 11,061 | |
Lease per annum discount rate | 5.00% | ||
SBA loan | $ 116,800 | $ 116,700 | $ 116,700 |
SBA Loan bears interest rate per annum | 3.75% | ||
Description of loan interest payment | payments of $602 per month beginning 24 months after the aforementioned date, will be due and payable in 30 years |