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Award Timing Disclosure
12 Months Ended
Jul. 31, 2026
Trading Arrangements, by Individual [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

2026

 

$

72,000

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

72,000

 

Chief Executive Officer & Director

2025

 

$

72,000

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

72,000

 

Rachel Boulds

2026

 

$

30,300

     

N/A

     

8,700

     

N/A

     

N/A

     

N/A

     

N/A

   

$

39,000

 

Chief Financial Officer

2025

 

$

27,600

     

N/A

   

$

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

27,600

 

Ivan Webb)

2026

 

$

N/A

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

N/A

 

Former Chief Executive Officer & Director

2025

 

$

3,450

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

     

N/A

   

$

3,450

 

 

Noel Schaefer was appointed Chief Executive Officer on October 15, 2025.

Ivan Webb resigned from all positions on October 15, 2025.

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, 2026 and 2025, 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

 

On January 7, 2026, the Company granted 100,000 shares of common stock to Berhane Tewolde, Director, for services. The shares were valued at $0.174, the closing price on the date of grant, for total non-cash expense of $17,400.

MNPI Disclosure Timed for Compensation Value [Flag] true