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- INCOME TAX PROVISION (Tables)
12 Months Ended
Jul. 31, 2019
- INCOME TAX PROVISION (Tables) [Abstract]  
Components of deferred tax assets

Components of deferred tax assets are as follows:

For the Reporting

Period Ended

July 31, 2019

 

For the Reporting

Period Ended

July 31, 2018

 

 

 

 

 

 

 

 

Net Deferred Tax Asset Non-Current:

 

 

 

 

 

 

 

Net Operating Loss Carry-Forward

 

$

19,746

 

 

 

$

1,445

 

Effective tax rate

x

 

21

%

 

 x

 

21

%

Expected Income Tax Benefit from NOL Carry-Forward

 

 

4,147

 

 

 

 

303

 

Less: Valuation Allowance

 

 

(4,147)

 

 

 

 

(303

)

Deferred Tax Asset, Net of Valuation Allowance

 

$

-

 

 

 

$

-

 

The actual tax benefit at

The actual tax benefit at the expected rate of 21% differs from the expected tax benefit for the year ended July 31, 2019 as follows:

 

For the Reporting

Period Ended

July 31, 2019

 

For the Reporting

Period Ended

July 31, 2018

 

 

 

 

 

 

Computed “expected” tax expense (benefit)

$

(3,843)                                    

 

$

(303)

Change in valuation allowance

$

3,843

 

$

303

Actual tax expense (benefit)

$

-

 

$

-