DISCONTINUED OPERATIONS

6 Months Ended

Jan. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

NOTE 5 - DISCONTINUED OPERATIONS

Hammer Fiber Optics Investment Ltd ceased operations in the Atlantic County geographical market on October 31, 2018 when Verizon Communications, LLC terminated the spectrum lease agreement. The operations of Hammer Fiber Optics Investments, Ltd were classified as a discontinued operation. Reporting of the discontinued operation is in accordance with Accounting Standards Update No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.

Open Data Centers, LLC ceased operations at its sole location in Piscataway, NJ on May 1, 2020. The operations of Open Data Centers, LLC were classified as a discontinued operation. Reporting of the discontinued operation is in accordance with Accounting Standards Update No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.

The following summarizes the assets and liabilities of the discontinue operations:

		January 31,		January 31,
		2022		2021
Assets
Current Assets
Cash	$	-	$	-
Accounts receivable		-		36,677
Other current assets		-		16,139
Total current assets		-		52,816
Other Assets
Property and equipment- net		1,243,960		1,227,821
Total other assets		1,243,960		1,227,821
Total Assets	$	1,243,960	$	1,280,637
Liabilities and Net Assets
Current Liabilities
Accounts payable	$	633,193	$	121,406
Notes payable- related parties		-		210,000
Notes payable		-		3,313,544
Accrued interest		-		382,474
Total current liabilities		633,193		4,027,424
Net assets (liabilities)	$	610,767	$	(2,746,787	)

The following summarizes the operations of the discontinued operations:

		January 31, 2022		January 31, 2021
Revenue	$	-	$	-
Operating expenses
Operations and maintenance		-		-
General and administrative		-		-
Depreciation and amortization		-		-
		-		-
Loss from operations		-		-
Other income (expense)		7,207		4,286,673
Interest expense		-		-
Total other income (expense)		7,207		-
Net Income	$	7,207	$	4,286,673