OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | ||||
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Jan. 30, 2023 |
Sep. 01, 2021 |
May 01, 2021 |
Mar. 31, 2022 |
Jul. 31, 2023 |
Jul. 31, 2022 |
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Operating Lease Right-of-use Assets And Operating Lease Liabilities | ||||||
Lease term, description | The term of the lease is for a two-year period from September 2021 through August 2023. | The initial term of the lease was for a two-year period from May 2021 to May 2023 starting with a monthly base rent of $1,667. | ||||
Payment for rent | $ 1,768 | $ 3,100 | $ 1,667 | $ 2,950 | ||
Lease extension, description | On January 30, 2023, the Company entered into a lease amendment effective as of May 1, 2023, to extend this lease for a period of one year expiring April 30, 2024 with an option to renew the lease for an additional one-year term. | The Company is currently negotiating a two-year lease extension effective September 1, 2023. | ||||
Right of use of assets | $ 20,472 | |||||
Incremental borrowing rate | 8.00% | |||||
Renewal term | 2 years | |||||
Lease expenses | $ 14,267 | $ 14,039 | ||||
Weighted average remaining lease term | 5 months 1 day | |||||
Weighted average incremental borrowing rate | 8.00% |
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- References No definition available.
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- Definition Operating lease incremetal borrowing rate. No definition available.
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- Definition Right of use asset obtained in exchange for operating lease liability modification. No definition available.
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- Definition Description of lessee's operating lease. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Description of terms and conditions of option to extend lessee's operating lease. Includes, but is not limited to, information about option recognized as part of right-of-use asset and lease liability. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Term of lessee's operating lease renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Weighted average discount rate for operating lease calculated at point in time. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Cash payments to lessor's for use of assets under operating leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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