NOTE 5 - INTANGIBLE ASSETS, NET

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

			April 30, 2026						July 31, 2025
	Useful Life		Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer contracts	7	$	-	$	-	$	-	$	-	$	-	$	-
Software	5		618,804		495,915		122,889		618,804		403,094		215,710
Total		$	618,804	$	495,915	$	122,889	$	618,804	$	403,094	$	215,710

In January 2022, the Company completed an asset acquisition and purchased a $3,862,657 customer contract intangible asset and a $387,843 software asset. The Company also capitalizes internal-use software development costs. During the nine months ended April 30, 2026 and 2025 the Company capitalized $0 of software development costs (Note 2 - Summary of Significant Accounting Policies).

Due to uncertainty regarding the Company's ability to accurately project future earnings and positive cash flows related to its customer contracts intangible asset, the Company fully impaired the customer contracts asset as of July 31, 2025. As a result, the Company recognized a loss from the impairment of intangible assets of $1,888,242 for the year ended July 31, 2025.

The Company incurred amortization expense on the software intangible asset of $92,821 and $506,667 for the nine months ended April 30, 2026 and 2025, respectively.

Estimated annual amortization expense for intangible assets is as follows:

Years
Remainder of 2026	$	30,686
2027		71,290
2028		18,011
2029		2,902
Thereafter		-
Total	$	122,889