7. Stock-Based Awards (Tables)

12 Months Ended

Jul. 31, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Schedule of stock option activity

Stock option activity during the fiscal year ended July 31, 2021 was as follows:

	Number of Options			Weighted Average Exercise Price
Options outstanding at July 31, 2020		15,050,000		$	0.26
Options canceled		(15,000,000	)		0.25
Options granted		1,000,000			1.18
Options outstanding at July 31, 2021		1,050,000		$	1.22

Schedule of assumptions

Criteria used for determining the Black-Scholes value of options granted were as follows:

	Year Ended July 31,
	2021		2020
Expected stock price volatility		155%		–
Risk free interest rate		0.08%		–
Expected life of options (years)		3		–
Expected dividend yield		–		–

Schedule of RSU activity

RSU activity during the year-ended July 31, 2021 was as follows:

RSUs outstanding at July 31, 2020	1,750,000
RSUs issued	5,325,000
RSUs vested	(2,678,181	)
RSUs outstanding at July 31, 2021	4,396,819

Schedule of warrant activity

Warrant activity during the fiscal year ended July 31, 2021 was as follows:

	Number of Warrants			Weighted Average Exercise Price
Warrants outstanding at July 31, 2020		644,500		$	1.50
Warrants issued		4,139,834			1.05
Warrants canceled		(44,500	)		(1.50	)
Warrants outstanding at July 31, 2021		4,739,834		$	1.05