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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Jul. 31, 2023
Jul. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss for the year $ (3,660,382) $ (3,464,127)
Items not involving cash:    
Interest expense 328,097 273,036
Depreciation 22,971 24,345
Share-based payment 466,527 406,790
Accretion expense 149,505 114,907
Gain on fair value adjustment on warrant derivatives (233,895) (67,856)
Non-cash working capital item changes:    
Receivables 2,828 (41,244)
Prepaid expenses 289,260 (90,268)
Accounts payables and accrued liabilities 135,470 156,050
Payable to related parties 23,141 (5,992)
Net cash used in operating activities (2,476,478) (2,694,359)
CASH FLOWS FROM FINANCING ACTIVITIES    
Private placement, net of issuance cost 2,985,423 2,392,998
Loan repayment (250,000) 0
Proceeds from exercise of options 27,409 0
Net cash provided by financing activities 2,762,832 2,392,998
Change in cash and cash equivalents for the year 286,354 (301,361)
Cash and cash equivalents, beginning of year 471,918 773,279
Cash and cash equivalents, end of year $ 758,272 $ 471,918