Note 6 - Crypto Assets (Bitcoin)

12 Months Ended

Jul. 31, 2026

Notes to Financial Statements

Crypto Asset [Text Block]

NOTE 6 — CRYPTO ASSETS (BITCOIN)

During January 2026, the Company acquired 0.50096 Bitcoin for investment purposes. The Company accounts for its Bitcoin holdings in accordance with ASC 350, Intangibles—Goodwill and Other, as amended by ASU 2023-08, Accounting for and Disclosure of Crypto Assets. Under this guidance, Bitcoin is measured at fair value at each reporting date, with changes in fair value recognized in earnings.

The Company determines the fair value of Bitcoin using quoted market prices in active markets for identical assets, which are classified as Level 1 inputs under ASC 820, Fair Value Measurement.

As of July 31, 2026, the Company held 0.50096 Bitcoin with a fair value of $31,476. During the year ended July 31, 2026, the Company recognized an unrealized loss of $10,663 resulting from changes in the fair value of Bitcoin, which is included in other income (expense) in the consolidated statements of operations.

The following table summarizes the changes in the carrying value of the Company's Bitcoin holdings during the year ended July 31, 2026:

Description	Amount
Balance, July 31, 2025	$	—
Purchases of Bitcoin		42,139
Unrealized loss from changes in fair value		(10,663	)
Balance, July 31, 2026	$	31,476

As of July 31, 2026, the Company's Bitcoin holdings consisted of the following:

Crypto Asset	Quantity		Cost Basis		Fair Value
Bitcoin (BTC)		0.50096	$	42,139	$	31,476

The Company classifies its Bitcoin holdings as noncurrent crypto assets on the consolidated balance sheets, consistent with management's intent to hold the assets for long-term investment purposes. Purchases of Bitcoin held for investment purposes are classified as investing activities in the consolidated statements of cash flows.

The Company is exposed to market price volatility associated with Bitcoin, and changes in market prices may materially affect the carrying value of its crypto assets and its results of operations.