RELATED PARTY TRANSACTIONS |
9 Months Ended |
|---|---|
Apr. 30, 2026 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS | NOTE 6 - RELATED PARTY TRANSACTIONS
On June 13, 2024, the Company entered into an employment agreement with Juan Juarez for the position of Senior Vice President of Finance with an annual salary of $100,000. Mr. Juarez will receive 125,000 shares of restricted common stock of Panamera Holdings Corporation having a 3-year vesting period, he will be entitled to 50,000 three -year stock options at $1.50 per share vesting fully in the first year on a monthly basis. During the nine months ended April 30, 2025, the Company recognized salary of $15,000. paid salary of $16,827 and stock -based compensation of $13,482. Mr. Jaurez resigned on September 24, 2024.
During the nine months ended April 30, 2026, and 2025 related parties financed $0 and $21,397 for operation expenses , advanced of $27,700 and $0 and repaid related parties’ loan of $7,111 and $73,003, respectively.
During the nine months ended April 30, 2026, and 2025, the Company recognized $146 and $4,750 interest on related party balances and imputed in additional paid-in-capital, respectively
During the nine months ended April 30, 2026, and 2025, the Company recognized salary of $100,000 and $150,000 and paid salary of $77,000 and $78,500 to the Company’s president.
During the nine months ended April 30, 2026, and 2025, the Company recognized and paid $78,200 and $0 management fees to the Company’s Chief Executive Officer, respectively.
During the nine months ended April 30, 2026, and 2025, the Company recognized salary of $24,000 and $0 and paid salary of $20,000 and $0 to the Company’s Chief Financial Officer, respectively.
During the nine months ended April 30, 2026, and 2025, the Company generated revenues of $0 and $115,153 from sales of material to a company controlled by a related party.
During the nine months ended April 30, 2026, and 2025, the Company incurred cost of revenues of $0 and $20,750 from services rendered by a subcontractor controlled by a related party.
Pursuant to terms and condition license agreement dated August 1, 2025 (Note 4), the Company entered into a promissory note agreement of $4,900,000 with Licensor (Noteholder) for period of 18 months and interest bearing of 4.9% per annum. On August 1, 2025, the Company issued 27,000,000 shares of restricted common stock in connection with the executed license acquisition to Licensor (Noteholder), valued at $148,500,000. By issuance of the shares, the Noteholder became related party. During the nine months ended April 30, 2026, the Company repaid due of $355,500 and recognized interest expenses of $144,325.
As of April 30, 2026, and July 31, 2025, the Company was obliged for unsecure, non-interest-bearing demand loans to a related party, with balances of $27,700 and $7,111 respectively. On June 2, 2023, the Company’s Board of Directors approved and authorized any debt holder in the Company to voluntarily convert their debt into Controlled and Restricted shares of common stock at a conversion price of $1.00 per share within a 5-day period following receipt of notice from the Company in either electronic, verbal, or written form. |