Discontinued Operations

9 Months Ended

Apr. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

3. DISCONTINUED OPERATIONS

On May 3, 2019 the Company exchanged its inventory for forgiveness of accrued unpaid rent. Concurrent with the inventory exchange, management with the appropriate level of authority determined to discontinue the operations of the product segment.

The detail of the consolidated balance sheets, the consolidated statement of operations and cash flows for the discontinued operations is as stated below (in thousands):

	As of April 30, 2021		As of July 31, 2020
Current liabilities – discontinued operations
Accounts payable and accrued expenses	$	50	$	50
Total current liabilities – discontinued operations		50		50
Total liabilities – discontinued operations	$	50	$	50

	For the three months ended April 30, 2021			For the three months ended April 30, 2020			For the nine months ended April 30, 2021			For the nine months ended April 30, 2020
General and administrative expenses	$	-		$	-		$	-		$	(3	)
Gain on write off of accounts payable		-			-			-			4
Gain from discontinued operations	$	-		$	-		$	-		$	1
Basic and diluted income (loss) per common share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

	For the three months ended April 30, 2021		For the three months ended April 30, 2020		For the nine months ended April 30, 2021		For the nine months ended April 30, 2020
Cash used in operations for discontinued operations:
Gain from discontinued operations	$	-	$	-	$	-	$	1
Gain on write off of accounts payable		-		-		-		(4	)
Prepaid expenses		-		-		-		3
Cash used in discontinued operations	$	-	$	-	$	-	$	-