Equipment Financing (Tables)

9 Months Ended

Apr. 30, 2023

Equipment Financing [Abstract]

Schedule of amounts recognized equipment financing

ROU Asset	July 31, 2022	$	62,263
Amortization		$	(73,673	)
Addition - Asset		$	524,145
ROU Asset	April 30, 2023	$	512,735
Equipment Financing	July 31, 2022	$	62,263
Payments		$	(77,972	)
Addition - Equipment Financing		$	530,928
Equipment Financing	April 30, 2023	$	515,219
Equipment Financing	Short term	$	195,740
Equipment Financing	Long term	$	319,479
Equipment Financing	Total:	$	515,219

Schedule of amounts recognized equipment financing

Year	Amount
2023 (three months remaining)	$	59,842
2024		203,789
2025		193,663
2026		84,334
2027		4,600
2028		1,533
Total future payments:	$	547,761

Less: amounts representing interest		32,542
Present value of net minimum equipment financing payments	$	515,219
Lease cost:
Amortization of ROU assets	$	73,673
Interest on lease liabilities		18,306
Cash paid for amounts included in the measurement of lease liabilities:
Operating cashflow from equipment financing:	$	18,306
Financing cashflow from equipment financing:		73,673
Weighted-average remaining lease term - equipment financing:		2.9 years
Weighted-average discount rate		5.0	%