NOTE 8 - LEASES

On June 9, 2016, the Company entered into a Lease Agreement for its San Antonio, Texas office lease location. The Lease Period was for three (3) years beginning July 1, 2016. On July 1, 2019, the Company entered into a First Amendment to Lease Agreement at same location. The landlord continues to hold $6,921 as security which is to be returned at the end of the new lease. The new Lease Period is three (3) years beginning July 1, 2019. The Company shall pay as additional rent all other sums of money as shall become due and payable by them under this Lease. To date after twenty-five (25) months of this thirty-six (36) month lease, no such additional charges have been made. The Company has incurred rent expense in the amount of $87,120 and $84,906 for the year ended July 31, 2021 and for the year ended July 31, 2020, respectively. Below is the schedule of rent for the remaining Lease term as of July 31, 2021.