v3.25.2
SEGMENT INFORMATION
 9 Months Ended
Apr. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION

14. SEGMENT INFORMATION

 

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. The Company has two reportable segments based on business unit, investment holding and wellness and beauty services and four reportable segments based on country, Nevada, Seychelles, Hong Kong and China.

 

The Company adopted the ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses.

 

In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

 

   Investment holding   Wellness and beauty services   Total 
By Business Unit  For the period ended April 30, 2025 
   Investment holding   Wellness and beauty services   Total 
             
Revenue  $-   $-   $- 
Cost of revenue   -    -    - 
Other income   870    5    875 
General and administrative expenses   (39,442)   (1,684)   (41,126)
Net loss before taxation   (38,572)   (1,679)   (40,251)
                
Total assets  $1   $1,892   $1,893 

 

   Nevada   Seychelles   Hong Kong   Total 
By Country  For the period ended April 30, 2025 
   Nevada   Seychelles   Hong Kong   Total 
                 
Revenue  $-   $      -   $- - $- 
Cost of revenue   -    -    -    - 
Other income   870    -    5    875 
General and administrative expenses   (39,442)   -    (1,684)   (41,126)
Net loss before taxation   (38,572)   -    (1,679)   (40,251)
                     
Total assets  $-   $1   $1,892 - $1,893 

 

   Investment holding   Wellness and beauty services   Total 
By Business Unit  For the period ended April 30, 2024
(Restated)		 
   Investment holding   Wellness and beauty services   Total 
             
Revenue  $-   $-   $- 
Cost of revenue   -    -    - 
Other income   -    3,015    3,015 
General and administrative expenses   (39,844)   (3,262)   (43,106)
Net loss before taxation   (39,844)   (247)   (40,091)
                
Total assets  $1   $33,533   $33,534 

 

   Nevada   Seychelles   Hong Kong   China   Total 
By Country  For the period ended April 30, 2024
(Restated)		 
   Nevada   Seychelles   Hong Kong   China   Total 
                     
Revenue  $-   $-   $-   $-   $- 
Cost of revenue   -    -    -    -    - 
Other income   -    -    3,015    -    3,015 
General and administrative expenses   (39,844)   -    (3,262)   -    (43,106)
Net loss before taxation   (39,844)   -    (247)   -    (40,091)
                          
Total assets  $-   $1   $26,433   $7,100   $33,534