Mag Mile Capital (MMCP) 10-Q 30 Jun 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Apr. 30, 2023	Jun. 20, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Apr. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--07-31
Entity File Number	0-56333
Entity Registrant Name	MYSON, INC.
Entity Central Index Key	0001879293
Entity Tax Identification Number	87-1614433
Entity Incorporation, State or Country Code	OK
Entity Address, Address Line One	1141 W. Randolph Street
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60607
City Area Code	(312)
Local Phone Number	642-0100
Title of 12(b) Security	Common Stock
Trading Symbol	MYSN
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	true
Entity Common Stock, Shares Outstanding		99,345,935

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Current Assets:
Cash	$ 164,056	$ 256,534
Accounts receivable	267,651	133,703
Loan receivable	12,500	12,500
Due from related parties	$ 482,550	$ 158,883
Other Receivable, after Allowance for Credit Loss, Related and Nonrelated Party Status [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Total Current Assets	$ 926,757	$ 561,620
Operating lease right of use asset	210,454
Property and equipment, net	35,396	67,775
Total other assets	245,850	67,775
Total Assets	1,172,607	629,395
Current Liabilities:
Accounts payable and accruals	48,888	48,614
Operating lease liability – current portion	37,618
Total Current Liabilities	362,215	276,163
Long Term Liabilities:
Operating lease liability – net of current portion	173,084
Deferred lease obligation	1,007
Long Term Liabilities:	174,091
Total Liabilities	536,306	276,163
Stockholders’ Deficit:
Preferred stock, value
Common stock, $0.00001 par value, 480,000,000 shares authorized; 99,345,935 and 10,133,284 shares issued and outstanding, respectively	993	101
Additional paid in capital	2,754,581	418,802
Accumulated deficit	(2,119,273)	(65,671)
Total stockholders’ deficit	636,301	353,232
Total Liabilities and Stockholders’ Deficit	1,172,607	629,395
Series A Preferred Stock [Member]
Stockholders’ Deficit:
Preferred stock, value
Nonrelated Party [Member]
Current Liabilities:
Loan payable	150,000	149,900
Related Party [Member]
Current Liabilities:
Loan payable	$ 125,709	$ 77,649

Condensed Balance Sheets (Una_2

Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Apr. 30, 2023	Jul. 31, 2022
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares designated	20,000,000	20,000,000
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	480,000,000	480,000,000
Common stock, shares issued	99,345,935	10,133,284
Common stock, shares outstanding	99,345,935	10,133,284
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.00001	$ 0.00001
Preferred stock, shares designated	1,000,000	1,000,000
Preferred stock, shares issued	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Income Statement [Abstract]
Commission income	$ 769,150	$ 693,591	$ 2,478,230	$ 1,478,189
Commission expense	213,305	230,235	736,628	636,692
Commission expense – related party	200,000	213,925	670,900	268,825
Gross margin	355,845	249,431	1,070,702	572,672
Operating expenses:
Stock based compensation	1,582,072		1,582,072
Professional fees	80,750	11,455	88,114	51,463
Payroll expense	63,009	65,507	179,487	181,005
General and administrative	144,083	125,456	327,522	404,263
Total operating expenses	1,869,914	202,418	2,177,195	636,731
(Loss) income from operations	(1,514,069)	47,013	(1,106,493)	(64,059)
Other income (expense):
Interest expense	(5,217)		(5,217)
Impairment expense				(33,333)
Gain of forgiveness of debt				82,335
Total other (expense) income	(5,217)		(5,217)	49,002
Net (loss) income before income tax	(1,519,286)	47,013	(1,111,710)	(15,057)
Income tax
Net (Loss) Income	$ (1,519,286)	$ 47,013	$ (1,111,710)	$ (15,057)
(Loss) income per share, basic & diluted	$ (0.04)	$ 0	$ (0.04)	$ 0
Weighted average shares outstanding, basic & diluted	41,247,538	10,133,284	25,183,114	10,133,284

Condensed Statements of Changes

Condensed Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock [Member] Series A Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance, value at Jul. 31, 2021	$ 1		$ 251,637	$ (101)	$ 251,537
Balance, shares at Jul. 31, 2021	133,284	1,000
Contributions to capital			19,520		19,520
Net loss				(49,766)	(49,766)
Balance, value at Oct. 31, 2021	$ 1		271,157	(49,867)	221,291
Balance, shares at Oct. 31, 2021	133,284	1,000
Balance, value at Jul. 31, 2021	$ 1		251,637	(101)	251,537
Balance, shares at Jul. 31, 2021	133,284	1,000
Net loss					(15,057)
Balance, value at Apr. 30, 2022	$ 1		279,276	(15,158)	264,119
Balance, shares at Apr. 30, 2022	133,284	1,000
Balance, value at Oct. 31, 2021	$ 1		271,157	(49,867)	221,291
Balance, shares at Oct. 31, 2021	133,284	1,000
Contributions to capital			4,901		4,901
Net loss				(12,304)	(12,304)
Balance, value at Jan. 31, 2022	$ 1		276,058	(62,171)	213,888
Balance, shares at Jan. 31, 2022	133,284	1,000
Contributions to capital			3,218		3,218
Net loss				47,013	47,013
Balance, value at Apr. 30, 2022	$ 1		279,276	(15,158)	264,119
Balance, shares at Apr. 30, 2022	133,284	1,000
Balance, value at Jul. 31, 2022	$ 101		418,802	(65,671)	353,232
Balance, shares at Jul. 31, 2022	10,133,284
Net loss				406,743	406,743
Balance, value at Oct. 31, 2022	$ 101		418,802	341,072	759,975
Balance, shares at Oct. 31, 2022	10,133,284
Balance, value at Jul. 31, 2022	$ 101		418,802	(65,671)	353,232
Balance, shares at Jul. 31, 2022	10,133,284
Net loss					(1,111,710)
Balance, value at Apr. 30, 2023	$ 993		2,754,581	(2,119,273)	636,301
Balance, shares at Apr. 30, 2023	99,345,935
Balance, value at Oct. 31, 2022	$ 101		418,802	341,072	759,975
Balance, shares at Oct. 31, 2022	10,133,284
Net loss				833	833
Balance, value at Jan. 31, 2023	$ 101		418,802	341,905	760,808
Balance, shares at Jan. 31, 2023	10,133,284
Net loss				(1,519,286)	(1,519,286)
Stock issued for services	$ 18		894,096		894,114
Stock issued for services, shares	1,788,227
Warrant expense			1,582,072		1,582,072
Shares issued for reverse acquisition	$ 874		(140,389)	(941,892)	(1,081,407)
Shares issued for reverse acquisition, shares	87,424,424
Balance, value at Apr. 30, 2023	$ 993		$ 2,754,581	$ (2,119,273)	$ 636,301
Balance, shares at Apr. 30, 2023	99,345,935

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Cash Flows from Operating Activities:
Net loss	$ (1,111,710)	$ (15,057)
Adjustments to reconcile net loss to net cash used in Operating activities:
Impairment expense		33,333
Gain of forgiveness of debt		(82,335)
Stock based compensation	1,582,072
Depreciation expense	32,379	25,903
Operating lease expense	248
Deferred lease obligation	1,007
Reverse acquisition	(187,293)
Changes in Operating Assets and Liabilities:
Accounts receivable	(133,948)	24,312
Other assets		22,500
Accounts payable and accruals	374	25,623
Due from related parties	(323,667)	(5,000)
Net cash (used) provided by operating activities	(140,538)	29,279
Cash Flows from Investing Activities:
Purchase of property and equipment		(53,918)
Net cash used by investing activities		(53,918)
Cash Flows from Financing Activities:
Loan payable – related party	48,060
Contributions to capital by controlling shareholder		27,639
Net cash provided by financing activities	48,060	27,639
Net change in cash	(92,478)	3,000
Cash, at beginning of period	256,534	152,506
Cash, at end of period	164,056	155,506
Supplemental Non-Cash Disclosure:
Cash paid for interest
Cash paid for taxes
Non-cash financing activity:
Establish right of use of asset	$ 222,344

NATURE OF OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 – NATURE OF OPERATIONS Myson, Inc. (“Myson”, or the “Company”) is an Oklahoma corporation formed on July 8, 2021. The Company was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. On May 11, 2022, G. Reed Petersen Irrevocable Trust (the “Seller”), agreed to sell all 1,000 495,000 10,000,000 98.7 10,000,000 The sale of the Shares to the Purchaser was completed on May 17, 2022. As part of the Stock Purchase Agreement, G. Reed Petersen agreed to resign as the Company’s sole officer and director; and the change of management was completed on June 5, 2022. On June 6, 2022, Henrik Rouf became the Company’s sole officer and director. On March 30, 2023, the Company, entered into a Reorganization Agreement (the “Reorganization Agreement”) with Megamile Capital, Inc. d/b/a Mag Mile Capital f/k/a CSF Capital LLC (“Mag Mile Capital”) under which Mag Mile Capital was merged with and into Myson. At the closing of the Reorganization Agreement, the sole member of the Myson Board of Directors and its officer resigned and Rushi Shah, President and CEO of Mag Mile Capital, assumed the positions of Chairman of the Myson Board of Directors and the title of President and CEO, Secretary and Treasurer of Myson. Under the terms of the Reorganization Agreement, Mag Mile Capital’s shareholders now own 88 87,424,424 The Merger is accounted for as a reverse recapitalization. Mag Mile Capital is deemed the accounting predecessor of the Merger and will be the successor registrant for SEC purposes, meaning that Mag Mile Capital’s financial statements for previous periods will be disclosed in the Company’s future periodic reports filed with the SEC. Mag Mile Capital is a full-service commercial real estate mortgage banking firm headquartered in Chicago with offices in the states of New York, Massachusetts, Connecticut, Florida, Texas, Michigan, Colorado and Nevada. Mag Mile Capital is a national platform comprised of capital markets specialists with extensive experience in real estate bridge financing, mezzanine and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes nationwide, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, Mag Mile Capital leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary. Its personnel have collectively raised over $9 billion in real estate financing during their combined 29 years of experience in this industry.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending July 31, 2023. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2022, and the Form 8-K filed on March 31, 2023. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Cash and Cash Equivalents The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to ASC 260-10-45, Earnings per Share—Overall—Other Presentation Matters 0 10,000,000 Revenue Recognition The Company follows ASC 606, Revenue from Contracts with Customers Cost of Revenue Cost of revenues includes commission expense paid during the period. Accounts Receivable The Company evaluates the collectability of its trade accounts receivable based on a number of factors. In circumstances where the Company becomes aware of a specific customer’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded, which reduces the recognized receivable to the estimated amount the Company believes will ultimately be collected. In addition to specific customer identification of potential bad debts, bad debt charges are recorded based on the Company’s historical losses and an overall assessment of past due trade accounts receivable outstanding. Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit losses on Financial Instruments.” The ASU, as amended, requires an entity to measure expected credit losses for financial assets carried at amortized cost based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. The Company will adopt the ASU for its fiscal year ending July 31, 2024, and is currently evaluating the impact. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 – GOING CONCERN These unaudited financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At April 30, 2023, the Company has not yet achieved profitable operations. For the nine months ended April 30, 2023, we had a net loss of $ 1,111,710 1,582,072 140,538 The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. We expect to use the exercise of warrants to meet our needs for growth for more than twelve months from the date of issuance of these financial statements.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Apr. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4 - PROPERTY AND EQUIPMENT Property and equipment, net consists of the following: SCHEDULE OF PROPERTY AND EQUIPMENT April 30, 2023 July 31, 2022 Leasehold Improvement $ 32,125 $ 32,125 Computer 11,770 11,770 Equipment 147,409 147,409 Total 191,304 191,304 Less: accumulated depreciation and amortization (155,908 ) (123,529 ) Total property and equipment, net $ 35,396 $ 67,775 Depreciation expense for the nine months ended April 30, 2023, and 2022, was $ 32,379 25,903

LOAN PAYABLE

LOAN PAYABLE	9 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
LOAN PAYABLE	NOTE 5 – LOAN PAYABLE On May 27, 2020, the Company received a $ 150,000 3.75 thirty years 731

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Apr. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6 - RELATED PARTY TRANSACTIONS Due from related parties consist of receivables of $ 416,750 0 65,800 158,883 During the nine months ended April 30, 2023, Reddington Partners LLC, a majority shareholder, advanced the Company $ 48,060 85,709 37,649 40,000 40,000 The Company has an office lease dated January 1, 2023, with a term of five years 1,625 4,062 3 Per the terms of Mr. Shah’s employment agreement, he received between 50 75 200,000 670,900 213,925 268,825 55

COMMON STOCK

COMMON STOCK	9 Months Ended
	Apr. 30, 2023
Equity [Abstract]
COMMON STOCK	NOTE 7 – COMMON STOCK The Company has authorized 480,000,000 0.00001 Effective February 24, 2022, the Company effectuated a 1 for 10,000 reverse stock split On March 28, 2023, the Company issued 894,113 0.50 447,057 On March 28, 2023, the Company issued another 894,113 0.50 447,057 As the Company’s common stock is not trading and there have been no current sales of common stock for cash management used the price of warrants recently issued ($ 0.50

PREFERRED STOCK

PREFERRED STOCK	9 Months Ended
	Apr. 30, 2023
Equity [Abstract]
PREFERRED STOCK	NOTE 8 – PREFERRED STOCK The Company has authorized 20,000,000 0.00001 Of the authorized preferred stock 1,000 10,000 100,000 On June 8, 2022, the Reddington Partners LLC converted the Series A Preferred Shares into 10,000,000

OPERATING LEASE

OPERATING LEASE	9 Months Ended
	Apr. 30, 2023
Operating Lease
OPERATING LEASE	NOTE 9 – OPERATING LEASE The Company has an office lease dated January 1, 2023, with a term of five years 1,625 4,062 3 SCHEDULE OF OPERATING LEASE Balance Sheet Classification April 30, 2023 Asset Operating lease asset Right of use asset $ 210,454 Total lease asset $ 210,454 Liability Operating lease liability – current portion Current operating lease liability $ 37,618 Operating lease liability – noncurrent portion Long-term operating lease liability 173,084 Total lease liability $ 210,702 Lease obligations at April 30, 2023 consisted of the following: SCHEDULE OF LEASE OBLIGATIONS For the year ended July 31, 2023: 2023 $ 12,186 2024 49,598 2025 51,090 2026 52,630 2027 54,211 Thereafter 22,865 Total payments 242,580 Amount representing interest (31,878) Lease obligation, net 210,702 Less current portion (37,618) Lease obligation – long term $ 173,084 Lease expense for the nine months ended April 30, 2023, was $ 17,255

WARRANTS

WARRANTS	9 Months Ended
	Apr. 30, 2023
Warrants
WARRANTS	NOTE 10 – WARRANTS On April 4, 2023, the Company issued warrants to GK Partners ApS to purchase up to 5,000,000 0.50 December 31, 2024 1,582,072 The assumptions used to determine the fair value of the Warrants as follows: SCHEDULE OF FAIR VALUE OF THE WARRANTS April 30, 2023 Expected life (years) 1.75 Risk-free interest rate 3.84 % Expected volatility 132.96 % Dividend yield 0 % SCHEDULE OF WARRANT ACTIVITY Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term Intrinsic Value Outstanding, July 31, 2022 — — — - Issued 5,000,000 $ 0.50 1.75 - Cancelled — $ — — - Exercised — $ — — - Outstanding, April 30, 2023 5,000,000 $ 0.50 1.67 $ —

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Apr. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 - SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that no material subsequent events exist.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending July 31, 2023. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2022, and the Form 8-K filed on March 31, 2023.
Use of estimates	Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to ASC 260-10-45, Earnings per Share—Overall—Other Presentation Matters 0 10,000,000
Revenue Recognition	Revenue Recognition The Company follows ASC 606, Revenue from Contracts with Customers
Cost of Revenue	Cost of Revenue Cost of revenues includes commission expense paid during the period.
Accounts Receivable	Accounts Receivable The Company evaluates the collectability of its trade accounts receivable based on a number of factors. In circumstances where the Company becomes aware of a specific customer’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded, which reduces the recognized receivable to the estimated amount the Company believes will ultimately be collected. In addition to specific customer identification of potential bad debts, bad debt charges are recorded based on the Company’s historical losses and an overall assessment of past due trade accounts receivable outstanding.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit losses on Financial Instruments.” The ASU, as amended, requires an entity to measure expected credit losses for financial assets carried at amortized cost based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. The Company will adopt the ASU for its fiscal year ending July 31, 2024, and is currently evaluating the impact. The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Apr. 30, 2023
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	Property and equipment, net consists of the following: SCHEDULE OF PROPERTY AND EQUIPMENT April 30, 2023 July 31, 2022 Leasehold Improvement $ 32,125 $ 32,125 Computer 11,770 11,770 Equipment 147,409 147,409 Total 191,304 191,304 Less: accumulated depreciation and amortization (155,908 ) (123,529 ) Total property and equipment, net $ 35,396 $ 67,775

OPERATING LEASE (Tables)

OPERATING LEASE (Tables)	9 Months Ended
	Apr. 30, 2023
Operating Lease
SCHEDULE OF OPERATING LEASE	SCHEDULE OF OPERATING LEASE Balance Sheet Classification April 30, 2023 Asset Operating lease asset Right of use asset $ 210,454 Total lease asset $ 210,454 Liability Operating lease liability – current portion Current operating lease liability $ 37,618 Operating lease liability – noncurrent portion Long-term operating lease liability 173,084 Total lease liability $ 210,702
SCHEDULE OF LEASE OBLIGATIONS	Lease obligations at April 30, 2023 consisted of the following: SCHEDULE OF LEASE OBLIGATIONS For the year ended July 31, 2023: 2023 $ 12,186 2024 49,598 2025 51,090 2026 52,630 2027 54,211 Thereafter 22,865 Total payments 242,580 Amount representing interest (31,878) Lease obligation, net 210,702 Less current portion (37,618) Lease obligation – long term $ 173,084

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Apr. 30, 2023
Warrants
SCHEDULE OF FAIR VALUE OF THE WARRANTS	The assumptions used to determine the fair value of the Warrants as follows: SCHEDULE OF FAIR VALUE OF THE WARRANTS April 30, 2023 Expected life (years) 1.75 Risk-free interest rate 3.84 % Expected volatility 132.96 % Dividend yield 0 %
SCHEDULE OF WARRANT ACTIVITY	SCHEDULE OF WARRANT ACTIVITY Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term Intrinsic Value Outstanding, July 31, 2022 — — — - Issued 5,000,000 $ 0.50 1.75 - Cancelled — $ — — - Exercised — $ — — - Outstanding, April 30, 2023 5,000,000 $ 0.50 1.67 $ —

NATURE OF OPERATIONS (Details N

NATURE OF OPERATIONS (Details Narrative) - USD ($)			3 Months Ended
	Mar. 30, 2023	May 11, 2022	Apr. 30, 2023	Jun. 08, 2022
Reddington Partners LLC [Member]
Ownership percentage		98.70%
Mag Mile Capital [Member]
Ownership percentage	88%
Common Stock [Member]
Number of preferred shares converted		10,000,000
Stock issued during period shares acquisitions			87,424,424
Mag Mile Capital [Member]
Stock issued during period shares acquisitions	87,424,424
Stock Purchase Agreement [Member]
Consideration received on transaction		$ 495,000
G Reed Petersen Irrevocable Trust [Member] | Series A Preferred Stock [Member]
Sale of issued and outstanding shares		1,000
Reddington Partners LLC [Member] | Common Stock [Member]
Number of preferred shares converted				10,000,000

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Jul. 31, 2022
Accounting Policies [Abstract]
Cash equivalents	$ 0		$ 0
Dilutive shares of common stock	0	10,000,000

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended						9 Months Ended
	Apr. 30, 2023	Jan. 31, 2023	Oct. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021	Apr. 30, 2023	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 1,519,286	$ (833)	$ (406,743)	$ (47,013)	$ 12,304	$ 49,766	$ 1,111,710	$ 15,057
Stock based compensation	$ 1,582,072						1,582,072
Net cash (used) provided by operating activities							$ 140,538	$ (29,279)

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Property, Plant and Equipment [Line Items]
Total	$ 191,304	$ 191,304
Less: accumulated depreciation and amortization	(155,908)	(123,529)
Total property and equipment, net	35,396	67,775
Leaseholds and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total	32,125	32,125
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	11,770	11,770
Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	$ 147,409	$ 147,409

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 32,379	$ 25,903

LOAN PAYABLE (Details Narrative

LOAN PAYABLE (Details Narrative)	May 27, 2020 USD ($)
Debt Disclosure [Abstract]
Debt instrument principal amount	$ 150,000
Debt instrument interest percentage	3.75%
Debt instrument term	30 years
Debt instrument interest rate	$ 731

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	3 Months Ended		9 Months Ended
	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)	Jan. 01, 2023 ft²	Jul. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Due from related parties	$ 482,550		$ 482,550			$ 158,883
General operating expenses			48,060
Operating lease term					5 years
Area of land | ft²					1,625
Payments for rent			$ 4,062
Annual rate adjustment	3%		3%
Mr Shahs [Member] | Employment Agreement [Member]
Related Party Transaction [Line Items]
Comission earned	$ 200,000	$ 213,925	$ 670,900	$ 268,825
Mr Shahs [Member] | Employment Agreement [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Revenue percentage	50%		50%
Comission expenses percentage	55%		55%
Mr Shahs [Member] | Employment Agreement [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Revenue percentage	75%		75%
Related Party [Member] | Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Due from related parties	$ 65,800		$ 65,800			158,883
Magmile Capital LLC [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Due from related parties	416,750		416,750			0
Loan payable	40,000		40,000			40,000
Reddington Partners LLC [Member]
Related Party Transaction [Line Items]
General operating expenses			48,060
Reddington Partners LLC [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Advance to related party	$ 85,709		$ 85,709			$ 37,649

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($)			3 Months Ended
	Mar. 28, 2023	Feb. 24, 2022	Apr. 30, 2023	Jul. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares authorized			480,000,000	480,000,000
Common stock, par value			$ 0.00001	$ 0.00001
Common stock, reserve stock split		1 for 10,000 reverse stock split
Non cash expense			$ 894,114
Common Stock One [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued for services	894,113
Share issued price per share	$ 0.50
Non cash expense	$ 447,057
Common Stock Two [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued for services	894,113
Share issued price per share	$ 0.50
Non cash expense	$ 447,057
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued for services			1,788,227
Share issued price per share	$ 0.50
Non cash expense			$ 18

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - $ / shares	9 Months Ended
	Apr. 30, 2023	Jul. 31, 2022	Jun. 08, 2022	May 11, 2022
Class of Stock [Line Items]
Preferred stock, shares designated	20,000,000	20,000,000
Preferred stock, par value	$ 0.00001	$ 0.00001
Common Stock [Member]
Class of Stock [Line Items]
Number of preferred stock convertible				10,000,000
Reddington Partners LLC [Member] | Common Stock [Member]
Class of Stock [Line Items]
Number of preferred stock convertible			10,000,000
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares designated	1,000
Number of shares converted into common shares	10,000
Voting rights per share	100,000

SCHEDULE OF OPERATING LEASE (De

SCHEDULE OF OPERATING LEASE (Details) - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Operating Lease
Operating lease asset	$ 210,454
Total lease asset	210,454
Operating lease liability – current portion	37,618
Operating lease liability – noncurrent portion	173,084
Total lease liability	$ 210,702

SCHEDULE OF LEASE OBLIGATIONS (

SCHEDULE OF LEASE OBLIGATIONS (Details) - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Operating Lease
2023	$ 12,186
2024	49,598
2025	51,090
2026	52,630
2027	54,211
Thereafter	22,865
Total payments	242,580
Amount representing interest	(31,878)
Total lease liability	210,702
Less current portion	(37,618)
Lease obligation – long term	$ 173,084

OPERATING LEASE (Details Narrat

OPERATING LEASE (Details Narrative)	9 Months Ended
	Apr. 30, 2023 USD ($)	Jan. 01, 2023 ft²
Operating Lease
Operating lease term		5 years
Area of land | ft²		1,625
Payments for rent	$ 4,062
Annual rate adjustment	3%
Operating lease expense	$ 17,255

SCHEDULE OF FAIR VALUE OF THE W

SCHEDULE OF FAIR VALUE OF THE WARRANTS (Details)	Apr. 30, 2023	Apr. 01, 2023
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected term (in years)		1 year 9 months
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	3.84
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	132.96
Measurement Input, Expected Dividend Payment [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	0

SCHEDULE OF WARRANT ACTIVITY (D

SCHEDULE OF WARRANT ACTIVITY (Details)	9 Months Ended
	Apr. 30, 2023 USD ($) $ / shares shares
Warrants
Number of Warrants, Outstanding, Balance | shares
Weighted Average Exercise Price, Outstanding, Balance | $ / shares
Aggregate Intrinsic Value, Outstanding | $
Number of Warrants, Granted | shares	5,000,000
Weighted Average Exercise Price, Granted | $ / shares	$ 0.50
Weighted Average Remaining Contractual Term (Years), Outstanding	1 year 9 months
Number of Warrants, Cancelled/Forfeited | shares
Weighted Average Exercise Price, Cancelled/Forfeited | $ / shares
Number of Warrants, Exercised | shares
Weighted Average Exercise Price, Exercised | $ / shares
Number of Warrants, Outstanding, Balance | shares	5,000,000
Weighted Average Exercise Price, Outstanding, Balance | $ / shares	$ 0.50
Weighted Average Remaining Contractual Term (Years), Outstanding	1 year 8 months 1 day
Aggregate Intrinsic Value, Outstanding | $

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)	9 Months Ended
	Apr. 30, 2023	Apr. 04, 2023
Warrants maturity date	Dec. 31, 2024
Fair value of warrants	$ 1,582,072
Warrant [Member]
Warrants price per share		$ 0.50
GK Partners Aps [Member] | Warrant [Member]
Class of warrant or right outstanding		5,000,000