Note 8 - Related Party Transactions

9 Months Ended

Apr. 30, 2023

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

NOTE 8 — RELATED PARTY TRANSACTIONS

For the nine months ended April 30, 2023 and 2022, total payments of $54,000 and $50,000, respectively, were made to Noel Schaefer, a Director of the Company, for consulting services. As of April 30, 2023, and July 31, 2022, there is $26,500 and $26,500 credited to accounts payable.

As of April 30, 2023 and July 31, 2022, there is $0 and $1,900, respectively, credited to accounts payable for amounts due to Rachel Boulds, CFO, for consulting services.

On January 9, 2023, Ivan Webb, CEO, advanced the Company $5,000. The advance was intended as a short term, non-interest bearing and due on demand. The advance was repaid on March 13, 2023.

During the nine months ended April 30, 2023, Mr. Webb purchased 500,000 shares of common stock for $10,000. As of April 30, 2023, the shares have not yet been issued by the transfer agent and are disclosed as common stock to be issued.