CONVERTIBLE NOTES

12 Months Ended

Jul. 31, 2019

Debt Disclosure [Abstract]

CONVERTIBLE NOTES

NOTE 6 – CONVERTIBLE NOTES

At July 31, 2019 and 2018, convertible note consisted of the following:

	July 31,			July 31,
	2019			2018
Convertible promissory notes issued	$	500,000		$	500,000
Less discount		(162,179	)		(417,330	)
Liability component as at date of issue		337,821			82,670
Accrued interest		33,268			8,268
Liability component	$	371,089		$	90,938

Pursuant to a note purchase agreement dated March 20, 2018 between the Company and a then non-affiliated lender, the lender made loans to the Company in the total amount of $500,000, for which the Company issued two year 5% convertible notes. The notes are convertible into common stock of the Company at $0.02 per share. The Company agreed to grant the lender a security interest in equipment which was purchased from the proceeds of the notes. The equipment was not delivered to the Company in the United States. The Company is in default of its obligation to grant the lender a security interest in the inventory. The lender was appointed as a director, chief executive officer, chief financial officer, president and secretary of the Company subsequently on August 14, 2019.

Interest of 5% is payable annually until the settlement date. No interest has been paid during the years ended July 31, 2019 and 2018.