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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
3 Months Ended
Oct. 31, 2020
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES  
Net loss $ (477,730)
Adjustments to reconcile net loss to net cash used in operating activities  
Stock-based compensation 22,239
Change in fair value of investment in marketable securities (6,082)
Change in operating assets and liabilities:  
Prepaid expenses and other current assets (18,667)
Accounts payable and accrued expenses (103,775)
Compensation and related expenses payable 87,110
Accrued interest payable 4,163
Net cash used in operating activities (492,742)
CASH FLOWS FROM INVESTING ACTIVITIES:  
Increase in project development costs (752,271)
Net cash used in investing activities (752,271)
CASH FLOWS FROM FINANCING ACTIVITIES  
Proceeds from sale of common stock 660,000
Proceeds from common stock subscriptions receivable 67,400
Proceeds from issuance of convertible promissory note payable 100,000
Proceeds from issuance of secured promissory note payable 800,000
Proceeds from issuance of unsecured promissory note payable 100,000
Net cash provided by financing activities 1,727,400
Net increase (decrease) in cash and cash equivalents 482,387
Cash - beginning of period 18,281
Cash - end of period 500,668
Supplemental disclosure of cash flow information  
Interest paid
Taxes paid
NONCASH INVESTING AND FINANCING ACTIVITIES  
Principal amount of convertible promissory note payable converted into common stock $ 25,000