SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) |
12 Months Ended |
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Jul. 31, 2024 | |
| Accounting Policies [Abstract] | |
| Use of Estimates. | Use of Estimates.
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
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| Income Taxes | Income Taxes.
Income taxes are accounted for using the asset and liability method. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply in the periods in which temporary differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized.
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| Revenue Recognition | Revenue Recognition.
The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. As of July 31, 2024, the Company had not commenced new business operations and did not recognize revenue during fiscal 2024.
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| Cash and Cash Equivalents | Cash and Cash Equivalents.
The Company considers all highly liquid investments with original maturities of three months or less when purchased to be cash equivalents. The cash balances as of July 31, 2024 and 2023 were $7,972 and $1,302, respectively.
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| Foreign Currency Translation | Foreign Currency Translation.
Following the cessation and transfer of the former China subsidiaries effective June 30, 2023, the Company no longer had active foreign operations during fiscal 2024.
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| Basic and Diluted Net Loss Per Share |
Basic net loss per share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net loss per share is the same as basic net loss per share for the periods presented because any potentially dilutive instruments would be anti-dilutive.
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| Stock-Based Compensation |
Stock-based compensation is accounted for in accordance with ASC 718. As of July 31, 2024, the Company had not adopted a stock option plan and had not granted any stock-based awards.
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| Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements.
Management has reviewed recently issued accounting pronouncements and determined that no standard not yet adopted is expected to have a material effect on the Company’s financial statements.
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