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CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2021
Jul. 31, 2020
Current assets:    
Cash $ 32,473 $ 18,281
Marketable securities 533,751 10,436
Other prepaid expenses and current assets 279,219 2,945
Total current assets 845,443 31,662
Property and equipment, net 31,046
Intellectual property 143,957 300
Project development costs, including $154,221 and $51,500 incurred with related parties, at July 31, 2021, and 2020, respectively 4,915,610 134,413
Total assets 5,936,056 166,375
Current liabilities:    
Accounts payable and accrued expenses 710,656 170,972
Compensation and related expenses payable, including $450,000 and $90,000 to a related party, at July 31, 2021, and 2020, respectively 527,109 120,317
Deferred revenue 63,071
Due to related party 3,466
Payable for rescinded stock subscription receivable 60,000
Unsecured promissory notes payable to related party, including accrued interest payable of $24,364 1,525,298
Unsecured promissory note payable, including accrued interest payable of $2,051 177,051
Secured multiple advance promissory note payable to related party, including accrued interest payable of $77,722 1,077,722
Convertible note payable, net of debt discount of $47,324 debt issuance costs related to the convertible note payable of $2,135, including accrued interest payable of $811 80,101
Derivative liability, net of issuance costs related to the conversion option of $1,378 49,252
Contingent loss related to default of convertible note payable 64,375
Convertible promissory note payable, including accrued interest of $427 25,427
Total current liabilities 4,338,101 316,716
Convertible promissory note payable including accrued interest payable of $4,356 104,356
Total liabilities 4,442,457 316,716
Stockholders’ equity (deficiency):    
Series B preferred stock, $0.0001 par value; authorized – 2,000,000 shares; issued and outstanding – 1,347 shares 202 202
Common stock, $0.0001 par value; authorized – 200,000,000 shares; issued and outstanding – 136,070,171 shares and 96,691,761 shares at July 31, 2021, and 2020, respectively 13,607 9,669
Additional paid-in capital 4,880,354 1,456,644
Common stock subscription receivable from related party (482,600) (550,000)
Accumulated deficit (2,918,036) (1,066,928)
Total stockholders’ equity (deficiency) 1,493,599 (150,341)
Total liabilities and stockholders’ equity (deficiency) 5,936,056 166,375
Series B Preferred Stock [Member]    
Stockholders’ equity (deficiency):    
Series B preferred stock, $0.0001 par value; authorized – 2,000,000 shares; issued and outstanding – 1,347 shares $ 72 $ 72