Commitments and Contingencies (Tables)

9 Months Ended

Apr. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Lease Assets and Liabilities

The tables below present information regarding the Company’s operating lease assets and liabilities at April 30, 2024 and July 31, 2023:

	April 30, 2024		July 31, 2023
Assets
Operating lease - right-of-use asset - non-current	$	-	$	278
Liabilities
Operating lease liability	$	-	$	498
Weighted-average remaining lease term (years)		-		0.08
Weighted-average discount rate		-		8	%

OPENLOCKER HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

APRIL 30, 2024

(UNAUDITED)

The Company had the following operating lease costs for the nine months ended April 30, 2024 and 2023, respectively.

Operating lease costs	April 30, 2024		April 30, 2023
Amortization of right-of-use operating lease asset	$	278	$	2,514
Lease liability expense in connection with obligation repayment		3		261
Total operating lease costs	$	281	$	2,775
Supplemental cash flow information related to operating leases was as follows:
Operating cash outflows from operating lease (obligation payment)	$	498	$	4,239
Right-of-use asset obtained in exchange for new operating lease liability	$	-	$	-