INCOME TAXES	9 Months Ended
Apr. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	13. INCOME TAXES During the three months and nine months ended April 30, 2021, and for the period February 11, 2020 (date of inception) through April 30, 2020, the Company did not provide any provision for income taxes, as the Company incurred losses for income tax purposes during such periods. Deferred tax assets and liabilities reflect the net tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company has recorded a full valuation allowance against its deferred tax assets as the Company believes that at this time it is more likely than not that the deferred tax assets will not be realized.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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