CONCENTRATION OF RISK |
9 Months Ended |
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Apr. 30, 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 April 30, 2026, a cash balance of $50,650 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 April 30, 2026, a cash balance of $559,205 was maintained at a financial institution in Hong Kong, of which approximately $395,000 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 nine months ended April 30, 2026, one customer accounted for 40.6% of the Company’s total revenues.
For the nine months ended April 30, 2025, two customers accounted for 36.3% and 30.2% of the Company’s total revenues.
As of April 30, 2026, four customers accounted for 36.4%, 14.1%, 13.8%, and 12.5% 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 nine months ended April 30, 2026, one vendor accounted for 43.6% of the Company’s total purchases.
For the nine months ended April 30, 2025, one vendor accounted for 67.0% of the Company’s total purchases.
As of April 30, 2026, no vendor accounted for over 10% 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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