PROPERTY AND EQUIPMENT

12 Months Ended

Jul. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

Property and equipment as of July 31, 2021, is summarized as follows:

Computer and office equipment	$	23,767
Furniture and fixtures		9,894
Property and equipment, at cost		33,661
Less accumulated depreciation		(2,615	)
Property and equipment, net	$	31,046

Depreciation expense for the year ended July 31, 2021, was $2,615. Depreciation expense is included in general and administrative costs in the Company’s consolidated statement of operations.