v3.25.1
Property, Plant and Equipment, Net
9 Months Ended
Apr. 30, 2025
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

   April 30,
2025
   July 31,
2024
 
   (unaudited)     
Furniture, fixtures and equipment  $
             -
   $209,290 
Less: accumulated depreciation   
-
    (149,243)
Property and equipment, net  $
-
   $60,047 

 

Depreciation expense was $nil and $9,669 for the three months ended April 30, 2025 and 2024, respectively. Depreciation expense was $6,282 and $29,007 for the nine months ended April 30, 2025 and 2024, respectively.

 

In November 2024, the lease agreement with related party lessor was terminated prematurely, resulting in the disposal of all furniture, fixtures, and equipment located at the leased premises. Loss on disposal of the property and equipment was $53,765, which was recorded as other (expense) income in the consolidated statements of operations and comprehensive loss as of April 30, 2025.