XML 14 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2019
Apr. 30, 2018
Income Statement [Abstract]        
Revenue $ 13,056 $ 18,518 $ 30,137 $ 46,577
Distributions 2,865 21,891 18,350 49,650
Gross margin 10,191 (3,373) 11,787 (3,073)
Operating expenses:        
Officer compensation 0 15,000 15,000 42,500
Director services 15,000 1,500 45,000 3,500
Consulting 5,000 10,500 15,000 68,500
Professional fees 7,734 23,025 32,984 42,650
Advertising and promotion 0 51,241 38,485 107,955
Mineral property expenditures 30,032 57,666 407,053 73,948
General and administrative 13,000 33,951 29,377 81,250
Total operating expenses 70,766 192,883 582,899 420,303
Loss from operations (60,575) (196,256) (571,112) (423,376)
Other income (expense):        
Interest expense (2,399) (4,143) (14,513) (14,012)
Loss on disposal of mineral rights 0 0 (46,000) 0
Loss on conversion of debt 0 (6,000) 0 (6,000)
Other income 0 0 116,000 0
Gain on forgiveness of debt 0 0 18,750 4,120
Total other income (expense) (2,399) (10,143) 74,237 (15,892)
Loss before provision for income taxes (62,974) (206,399) (496,875) (439,268)
Provision for income taxes 0 0 0 0
Net Loss $ (62,974) $ (206,399) $ (496,875) $ (439,268)
Loss per share, basic and diluted $ (0.00) $ (0.00) $ (0.01) $ (0.01)
Weighted average shares outstanding, basic and diluted 52,923,710 42,736,031 49,893,144 39,210,382