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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Apr. 30, 2021
Notes to Financial Statements  
Schedule of Stock Option Assumptions

For stock options issued during the nine months ended April 30, 2021, the fair value of each stock option award was estimated using the Black-Scholes option-pricing model utilizing the following assumptions:

 

Risk-free interest rate   0.34%
Expected dividend yield   0%
Expected volatility   37.85%
Expected life    5 years
Schedule of Stock Option Activity

A summary of stock option activity during the nine months ended April 30, 2021 is presented below.

 

    Number of
Shares
    Weighted
Average
Exercise Price
    Weighted
Average
Remaining
Contractual
Life (in Years)
 
Stock options outstanding at July 31, 2020     9,000,000     $ 0.10          
Granted     9,000,000       0.10          
Exercised                    
Expired                    
Stock options outstanding at April 30, 2021     9,000,000     $ 0.10       10.00  
                         
Stock options exercisable at April 30, 2021     5,000,000     $ 0.10       10.00