XML 33 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
Jul. 31, 2019
Jul. 31, 2018
Current Assets:    
Cash $ 21,847 $ 52,672
Prepaid expenses 5,000 3,500
Accounts receivable 0 3,229
Other receivable 10,000 0
Stock subscription receivable 0 20,000
Total current assets 36,847 79,401
Other Assets:    
Mineral rights and properties 0 30,065
Oil and gas properties 28,800 141,250
Total other assets 28,800 171,315
Total assets 65,647 250,716
Current Liabilities:    
Accounts payable 63,959 85,146
Accounts payable - related party 50,000 43,374
Accrued liabilities 637,754 327,580
Current portion of property option payable 0 116,000
Convertible debt 110,000 25,000
Loans payable 20,000 125,990
Loans payable - related party 23,210 0
Total current liabilities 904,923 723,090
Convertible debt - long term 0 85,000
Total liabilities 904,923 808,090
Commitments and contingencies (Note 11)
Stockholders' Deficit:    
Common stock, $0.001 par value, 75,000,000 shares authorized; 55,836,819 and 48,286,818 shares issued and outstanding, respectively 55,837 48,287
Common stock to be issued 44,925 50,000
Additional paid-in-capital 2,024,035 1,736,835
Accumulated deficit (2,964,073) (2,392,496)
Total stockholders' deficit (839,276) (557,374)
Total liabilities & stockholders' deficit $ 65,647 $ 250,716