| SCHEDULE OF NOTES PAYABLE |
The
following represents a summary of the Company’s notes payable at April 30, 2025 and July 31, 2024:
SCHEDULE OF NOTES PAYABLE
| | |
| |
| | |
Default | | |
| |
| | |
|
| |
Issue Date Date | |
Maturity Date | |
Interest Rate | | |
Interest Rate | | |
Collateral | |
April 30, 2025 | | |
July 31, 2024 |
| |
| | |
| |
| | |
| | |
| |
| | |
|
| |
| August 2023 | |
August 2024 | |
| 10 | % | |
| 20 | % | |
Unsecured | |
$ | - | | |
$ | 150,000 |
| | |
| November 2023 | |
November 2024 | |
| 10 | % | |
| 20 | % | |
Unsecured | |
| - | | |
| 50,000 |
| 1 | |
| December 2023 | |
December 2024 | |
| 10 | % | |
| 20 | % | |
Unsecured | |
| - | | |
| 25,000 |
| 2 | |
| April 2024 | |
April 2025 | |
| 10 | % | |
| 20 | % | |
Unsecured | |
| - | | |
| 25,000 |
| 3 | |
| | |
| |
| | | |
| | | |
| |
| - | | |
| 250,000 |
| | |
| | |
| |
| | | |
| | | |
Less: unamortized debt discount | |
| - | | |
| (27,137 |
) | | |
| | |
| |
| | | |
| | | |
Notes payable - net | |
$ | - | | |
$ | 222,863 |
| | |
| 1 |
|
-
In connection with the issuance of this $50,000 note, the Company also issued 100,000 shares of common stock. The issuance of the
common stock was considered a debt discount. The fair value of the common stock was $21,890, based upon the quoted trading price
($0.2189/share) and is being amortized over the life of the note. |
| 2 |
|
-
In connection with the issuance of this $25,000 note, the Company also issued 125,000 shares of common stock. The issuance of the
common stock was considered a debt discount. The fair value of the common stock was $25,000, based upon the quoted trading price
($0.20/share) and is being amortized over the life of the note. |
| 3 |
|
-
In connection with the issuance of this $25,000 note, the Company also issued 100,000 shares of common stock. The issuance of the
common stock was considered a debt discount. The fair value of the common stock was $20,000, based upon the quoted trading price
($0.20/share) and is being amortized over the life of the note. |
|