Note 17 - Unrealized Loss on Equity Securities

12 Months Ended

Jul. 31, 2022

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE 17: UNREALIZED LOSS ON EQUITY SECURITIES

During Fiscal 2022, we recorded unrealized loss on equity securities as a result of re-valuating our investments in equity securities as at July 31, 2022. Our investments in Anfield and UEX shares are level 1 financial instruments, which was re-valuated using the quoted share prices, and our investment in Anfield Warrants is a level 2 financial instrument, which was re-valuated using observable inputs using the Black-Sholes Valuation Model with the following assumptions.

Expected Risk Free Interest Rate	2.59	%
Annual Volatility	64.76	%
Expected Contractual Life in Years	4.78
Expected Annual Dividend Yield	0	%

Unrealized loss on equity securities for Fiscal 2022 consisted for the following:

Urealized loss from investment in Anfield shares	$	(1,925	)
Urealized loss from investment in Anfield warrants		(1,105	)
Urealized gain from investment in UEX shares		1,132
Total	$	(1,898	)