STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jul. 31, 2021

Stock-based Compensation

Schedule of Fair Value Assumption for Stock Option

For stock options issued during the year ended July 31, 2021, the fair value of each stock option award was estimated using the Black-Scholes option-pricing model utilizing the following assumptions:

STOCK-BASED COMPENSATION

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 years ended July 31, 2021 and 2020 is presented below.

STOCK-BASED COMPENSATION (Details 2)

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)
Stock options outstanding at February 11, 2020		—	$	—		—
Granted		9,000,000		0.10		—
Exercised		—		—		—
Expired		—		—		—
Stock options outstanding at July 31, 2020		9,000,000		0.10		—
Granted		—		—		—
Exercised		—		—		—
Expired		—		—		—
Stock options outstanding at July 31, 2021		9,000,000	$	0.10		3.09
Stock options exercisable at July 31, 2020		5,000,000	$	0.10		—
Stock options exercisable at July 31, 2021		7,000,000	$	0.10		2.92