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Prrepaid Expenses
6 Months Ended
Jan. 31, 2016
Fair Value Disclosures [Abstract]  
PREPAID EXPENSES

NOTE 3 – PREPAID EXPENSES

 

On October 1, 2015, we entered into a Memorandum of Understanding (“MOU”) with Gulf Peal Ltd. and goNumerical Ltd. (the “Consulting Firms”) in which each of the Consulting Firms shall receive 500,000 shares of common stock upon meeting certain milestones, with 250,000 shares of common stock being earned upon execution of the MOU. During the quarter ended January 31, 2016, we issued a total of 1,000,000 shares of common stock valued $2,790,000 to the consultants related to the agreement.

 

As of January 31, 2016, no additional milestones have been met and as such the Company has included the value of the 750,000 unearned shares amounting to $2,092,500 as a prepaid expense until such time the milestones are met and the shares are earned.