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INTELLECTUAL PROPERTY
3 Months Ended
Oct. 31, 2020
Notes to Financial Statements  
INTELLECTUAL PROPERTY

5. INTELLECTUAL PROPERTY

 

At July 31, 2020, intellectual property consisted of rights for various program and property rights. The agreements underlying these rights were entered into with related parties during February 2020. The Company issued 62,531,965 shares of common stock in exchange for assignment of such rights. As such rights were acquired from related parties, the Company recorded such rights at their historical (predecessor) cost basis reflecting an aggregate value of $300.