Derivative Liability (Tables)

6 Months Ended

Jan. 31, 2021

Notes to Financial Statements

Schedule of Derivative Liabilities at Fair Value

Based on the various convertible notes described in Note 7, and the sale of common stock in a private investment in public equity (“PIPE”) described in Note 9, the fair value of applicable derivative liabilities on notes, warrants and change in fair value of derivative liability are as follows as of January 31, 2021:

	Derivative Liability - Convertible Notes			Derivative Liability - Warrants		Derivative Liability PIPE Warrants			Total
Balance as of July 31, 2020	$	742,391		$	574,366	$	—		$	1,316,757
Change Due to Issuances		—			—		21,574,216			21,574,216
Change due to exercise/redemptions		(538,084	)		—		(1,840,530	)		(2,378,614	)
Change in fair value		100,177			493,985		10,643,052			11,237,214
Balance as of January 31, 2021	$	304,484		$	1,068,351	$	30,376,738		$	31,749,573