Warrants

3 Months Ended

Oct. 31, 2021

Warrants [Abstract]

WARRANTS

NOTE 5 – WARRANTS

During the three months ended October 31, 2021 and 2020, the Company did not issue any warrants.

A summary of the warrants as of October 31, 2021, and July 31, 2021, and the changes during the three months ended October 31, 2021, are presented below:

	Warrants			Weighted average exercise price		Weighted average remaining contractual term (years)
Outstanding at July 31, 2021		109,506,179		$	0.01		9.17
Granted		-			-		-
Exercised		-			-		-
Forfeited and cancelled		(215,000	)	$	0.13		-
Outstanding at October 31, 2021		109,291,179		$	0.01		8.93
Exercisable at October 31, 2021		82,065,885		$	0.01		8.92

The aggregate intrinsic value (the difference between the Company’s closing stock price on the last trading day of the period and the exercise price, multiplied by the number of in-the-money warrants) of the 109,291,179 and 109,506,179 warrants outstanding at October 31, 2021 and July 31, 2021 was $10,719,483 and $14,795,002, respectively.

The aggregate intrinsic value of 82,065,885 and 82,280,885 warrants exercisable at October 31, 2021 and July 31, 2021 was $8,045,801 and $11,108,930, respectively.

Warrant expense for the three months ended October 31, 2021 and 2020 was $0 and $0, respectively. Unamortized warrant expense totaled $0 and $0 respectively as of October 31, 2021 and July 31, 2021.

For three months ended October 31, 2021, 215,000 warrants expired with an average exercise price of $0.13.