XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.2
INTELLECTUAL PROPERTY
9 Months Ended
Apr. 30, 2021
Notes to Financial Statements  
INTELLECTUAL PROPERTY

6. 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 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.

 

During the three months and nine months ended April 30, 2021, the Company purchased program and property rights aggregating $42,157.