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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2020
Apr. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (288,123) $ (916,137)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation 673
Stock-based compensation 66,717
(Increase) decrease in fair value of investment in marketable securities 129 (723,562)
Common stock issued for services 17,914
Amortization of discount on convertible promissory note payable 10,288
Change in operating assets and liabilities:    
Prepaid expenses and other current assets (8,968) (8,840)
Bank overdraft 12,766 10,211
Accounts payable and accrued expenses 86,997 21,420
Compensation and related expenses payable 28,372 281,234
Deferred revenue 11,613
Accrued interest payable 68,842
Due to related parties 341
Net cash used in operating activities (150,572) (1,177,541)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (13,000)
Purchase of intellectual property (42,157)
Increase in project development costs (3,202,983)
Net cash used in investing activities (3,258,140)
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash acquired in reverse acquisition transaction 572
Proceeds from sale of common stock 150,000 2,285,000
Proceeds from rescinded stock subscription receivable 60,000
Payments received on common stock subscription receivable 67,400
Proceeds from issuance of convertible promissory note payable 100,000
Proceeds from issuance of secured promissory note payable 1,000,000
Proceeds from issuance of unsecured promissory note payable 1,106,500
Payments on unsecured promissory notes payable (201,500)
Net cash provided by financing activities 150,572 4,417,400
Net increase (decrease) in cash and cash equivalents (18,281)
Cash - beginning of period 18,281
Cash - end of period
Supplemental disclosure of cash flow information    
Interest paid
Taxes paid 50
NONCASH INVESTING AND FINANCING ACTIVITIES    
Principal amount of convertible promissory note payable converted into common stock 25,000
Debt discount recognized on amendment of convertible promissory note payable 48,010
Principal amount of unsecured promissory note transferred at date of maturity to promissory note with later maturity date 85,000
Investment securities acquired in connection with reverse acquisition transaction 8,797
Value of preferred and common stock issued with reverse acquisition transaction $ 9,369