| LEASE |
Note 7 – LEASE On July 1, 2024, the Company entered into an operating lease for the office, with the term of 31 months, monthly lease expenses of $4,000 with condition the first two months free rent. For the three and nine months ended April 30, 2026, and 2025, right-of-use asset and lease information about the Company’s operating lease consist of: The components of lease expense were as follows: | | Three Months Ended | | | Nine Months Ended | | | | April 30, | | | April 30, | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | Operating lease cost | | $ | 12,000 | | | $ | 12,000 | | | $ | 36,000 | | | $ | 32,000 | | Variable lease cost | | | (774 | ) | | | (775 | ) | | | (2,322 | ) | | | 1,677 | | Total lease cost | | $ | 11,226 | | | $ | 11,225 | | | $ | 33,678 | | | $ | 33,677 | |
Supplemental cash flow information related to leases was as follows: | | Nine Months Ended | | | | April 30, | | | | 2026 | | | 2025 | | Cash paid for operating cash flows from operating leases | | $ | 36,000 | | | $ | 32,000 | | | | | | | | | | | Weighted-average discount rate — operating leases | | | 5.88 | % | | | 5.88 | % | Weighted-average remaining lease term - operating leases (year) | | | 0.76 | | | | 1.76 | |
Supplemental balance sheet information related to leases consists of: | | April 30 | | | July 31, | | | | 2026 | | | 2025 | | Operating lease right-of-use asset | | $ | 32,984 | | | $ | 64,450 | | Operating lease liabilities: | | | | | | | | | Current portion | | | 35,306 | | | $ | 45,385 | | Non-current portion | | | - | | | | 23,709 | | | | $ | 35,306 | | | $ | 69,094 | |
The following table outlines the maturities of our lease liabilities as of April 30, 2026: Year ending Jul 31, | | | | 2026 (excluding the nine months ended April 30, 2026) | | $ | 12,000 | | 2027 | | | 24,000 | | Thereafter | | | - | | | | $ | 36,000 | | Less imputed interest | | | (694 | ) | Operating lease liabilities | | $ | 35,306 | |
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