Equipment Financing (Tables)

6 Months Ended

Jan. 31, 2023

Receivables [Abstract]

Schedule of amounts recognized equipment financing

ROU Asset	July 31, 2022	$	62,263
Amortization		$	(54,109	)
Addition - Asset		$	365,083
ROU Asset	January 31, 2023	$	373,237
Equipment Financing	July 31, 2022	$	62,263
Amortization		$	(52,109	)
Addition - Equipment Financing		$	365,083
Equipment Financing	January 31, 2023	$	375,237
Equipment Financing	Short term	$	126,738
Equipment Financing	Long term	$	248,499
Equipment Financing	Total:	$	375,237

Schedule of amounts recognized equipment financing

Year	Amount
2023*	$	95,094
2024		135,604
2025		125,478
2026		42,527
2027		4,600
2028		1,533
Total future payments:	$	404,836

* remaining 6 Months

Less: amounts representing interest		29,599
Present value of net minimum equipment financing payments	$	375,237
Lease cost:
Amortization of ROU assets	$	54,109
Interest on lease liabilities		15,626
Cash paid for amounts included in the measurement of lease liabilities:
Operating cashflow from equipment financing:	$	15,626
Financing cashflow from equipment financing:		54,109
Weighted-average remaining lease term - equipment financing:		2.8 years
Weighted-average discount rate		5.0	%