NOTE 7 - INTANGIBLE ASSETS, NET

The following table displays the composition of intangible assets, net as well as the respective amortization period:

			April 30, 2025						July 31, 2024
	Useful Life		Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer contracts	7	$	3,862,657	$	1,836,463	$	2,026,194	$	3,862,657	$	1,422,607	$	2,440,050
Software	5		618,804		372,154		246,650		618,804		279,334		339,470
Total		$	4,481,461	$	2,208,617	$	2,272,844	$	4,481,461	$	1,701,941	$	2,779,520

The Company incurred amortization expense of $506,677 and $504,894 for the nine months ended April 30, 2025 and 2024, respectively. The Company incurred amortization expense of $168,892 and $168,298 for the three months ended April 30, 2025 and 2024, respectively.

Estimated annual amortization expense for intangible assets is as follows:

For the years ended July 31,
2025 (remainder)	$	170,693
2026		675,569
2027		623,098
2028		571,331
2029		232,153
Thereafter		-
Total	$	2,272,844