Equipment Financing (Tables)

12 Months Ended

Jul. 31, 2021

Receivables [Abstract]

Schedule of future payments under the equipment financing agreements

Year	Amount
2022		38,070
Total future payments:	$	38,070
Less: amounts representing interest		1,292
Present value of net minimum equipment financing payments	$	36,778
Less current maturities		36,778
Long-term equipment financing obligation	$	-
Lease cost:
Amortization of ROU assets	$	62,717
Interest on lease liabilities		4,343
Cash paid for amounts included in the measurement of lease liabilities:
Operating cashflow from equipment financing:	$	4,343
Financing cashflow from equipment financing:		62,717
Weighted-average remaining lease term - equipment financing:		1.00 years
Weighted-average discount rate:		6.51	%