XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Statements of Operations - USD ($)
12 Months Ended
Jul. 31, 2017
Jul. 31, 2016
OPERATING EXPENSES    
General and administrative $ 27,107 $ 35,857
Management fees (recovery) (73,570) 602,241
Professional fees 130,265 110,555
(Recovery of) tax filing penalties (Note 7) (30,000) 30,000
TOTAL OPERATING EXPENSES 53,802 778,653
LOSS FROM OPERATIONS (53,802) (778,653)
OTHER INCOME AND LOSS    
Write off of acquisition costs and investment (Note 3) (8,022,000)  
Derivative - change in fair value (Note 8)   (215,000)
Interest income 1,043  
TOTAL OTHER INCOME AND LOSS (8,020,957) (215,000)
LOSS BEFORE INCOME TAXES (8,074,759) (993,653)
Provision for income taxes 0 0
LOSS FOR THE YEAR $ (8,074,759) $ (993,653)
Basic and Diluted Loss per Common Share (in dollars per share) $ (0.16) $ (0.02)
Basic and Diluted Weighted Average Common Shares Outstanding (in shares) 52,042,286 52,042,286