v3.26.1
DISCONTINUED OPERATIONS
12 Months Ended
Jul. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS

NOTE 4 – DISCONTINUED OPERATIONS

 

In June 2023, in connection with a change in control of the Company pursuant to a stock purchase agreement, the Company ceased the operations of its China subsidiaries. In October 2023, the Company, Shanghai Clancy, and Hongshan Yuanda Limited entered into an agreement pursuant to which all of the Companys rights, title and interest in and to Shanghai Clancy, including its ownership of Beijing Clancy, were transferred to Hongshan Yuanda Limited, effective as of June 30, 2023.

 

          
   Years Ended July 31, 
   2024   2023 
         
Net Sales   -    - 
Operating costs and expenses   -    240,269 
Income (loss) from operations before other income and income taxes   -    (240,269)
Other income (loss)        50 
Income (loss) before income taxes, loss on equity investment, and non-controlling interest   -    (240,219)
Income tax   -    - 
Income (loss) from discontinued operations   -    (240,219)
           
Comprehensive income statement          
Net income (loss) from discontinued operations   -    (240,219)
Foreign currency translation loss   -    46,499 
Total comprehensive income (loss) from discontinued operations   -    (193,720)

 

As of July 31, 2024, the Company had no continuing operations in China.