CONCENTRATION OF RISK |
6 Months Ended |
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Jan. 31, 2026 | |
| Risks and Uncertainties [Abstract] | |
| CONCENTRATION OF RISK | NOTE 8 — CONCENTRATION OF RISK
Credit risk
Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash held in banks. The cash balance in each financial institution in the United States is insured by the FDIC up to $250,000. As of January 31, 2026, a cash balance of $294,584 was maintained at a financial institution in United States, none of which was subject to credit risk.
The Hong Kong Deposit Protection Board pays compensation up to a limit of HKD 500,000 (approximately US$64,000) if the bank with which an individual/company holds its eligible deposit fails. As of January 31, 2026, a cash balance of $372,233 was maintained at a financial institution in Hong Kong, of which approximately $196,000 was subject to credit risk. Management believes that the financial institution is of high credit quality and continually monitors its credit worthiness.
Customer concentration risk
For the six months ended January 31, 2026, two customers accounted for 46.1% and 12.4% of the Company’s total revenues.
For the six months ended January 31, 2025, three customers accounted for 50.2%, 13.5% and 11.6% of the Company’s total revenues.
As of January 31, 2026, three customers accounted for 45.8%, 24.2%, and 14.7% of the Company’s total accounts receivable. As of July 31, 2025, no customer accounted for over 10% of the Company’s total accounts receivable.
Vendor concentration risk
For the six months ended January 31, 2026, two vendors accounted for 51.8% and 14.9% of the Company’s total purchases.
For the six months ended January 31, 2025, two vendors accounted for 64.6% and 13.2% of the Company’s total purchase.
As of January 31, 2026, one vendor accounted for 100.0% of the Company’s total accounts payable.
As of July 31, 2025, one vendor accounted for 100.0% of the Company’s total accounts payable.
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