XML 17 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Award Timing Disclosure
12 Months Ended
Jul. 31, 2025
Effective Income Tax Rate Reconciliation [Table]  
Award Timing, How MNPI Considered [Text Block]

ITEM 11. EXECUTIVE COMPENSATION

 

The table below summarizes all compensation awarded to, earned by, or paid to each named executive officer for our last two completed fiscal years for all services rendered to us.

 

 

SUMMARY COMPENSATION TABLE

 

Name
and Principal
Position

Year

 

Salary
($)

   

Bonus
($)

   

Stock
Awards
($)

   

Option
Awards
($)

   

Non-
Equity
Incentive
Plan
Compensa-
tion
($)

   

Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)

   

All
Other
Compensa-
tion
($)

   

Total
($

 

Noel Schaefer

2025

 

$

72,000

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

72,000

 

Chief Operating Officer & Director

2024

 

$

72,000

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

72,000

 

Ivan Webb)

2025

 

$

3,450

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

3,450

 

Chief Executive Officer & Director

2024

 

$

4,700

     

N/A

   

$

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

4,700

 

Rachel Boulds

2025

 

$

27,600

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

27,600

 

Chief Financial Officer

2024

 

$

26,400

     

N/A

   

$

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

28,650

 

 

Noel Schaefer was appointed Chief Operating Officer on July 6, 2018.

Ivan Webb was appointed Vice President on March 16, 2015 and on July 6, 2018 was appointed Chief Executive Officer

Rachel Boulds was appointed Chief Financial Officer on February 7, 2020.

 

Other than as set out below, there are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. Our directors and executive officers may receive share options at the discretion of our board of directors in the future. We do not have any material bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that share options may be granted at the discretion of our board of directors.

 

Stock Option Grants

 

We have not granted any stock options to the executive officers since our inception.

 

Outstanding Equity Awards at Fiscal Year End

 

For the years ended July 31, 2025 and 2024, no director or executive officer has received compensation from us pursuant to any compensatory or benefit plan. There is no plan or understanding, express or implied, to pay any compensation to any director or executive officer pursuant to any compensatory or benefit plan.

 

Compensation of Directors

 

No member of our Board of Directors received any compensation for his services as a director during the year ended July 31, 2025 and 2024.

MNPI Disclosure Timed for Compensation Value [Flag] true