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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
6 Months Ended
Jan. 31, 2021
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES  
Net loss $ (1,000,403)
Adjustments to reconcile net loss to net cash used in operating activities  
Stock-based compensation 44,478
Change in fair value of investment in marketable securities (32,172)
Amortization of discount on convertible promissory note payable 3,430
Change in operating assets and liabilities:  
Prepaid expenses and other current assets (1,595)
Accounts payable and accrued expenses (25,647)
Compensation and related expenses payable 202,052
Accrued interest payable 35,941
Net cash used in operating activities (773,916)
CASH FLOWS FROM INVESTING ACTIVITIES:  
Increase in project development costs (2,912,221)
Net cash used in investing activities (2,912,221)
CASH FLOWS FROM FINANCING ACTIVITIES  
Proceeds from sale of common stock 1,785,000
Proceeds from rescinded stock subscription receivable 60,000
Proceeds from common stock subscriptions receivable 67,400
Proceeds from issuance of convertible promissory note payable 100,000
Proceeds from issuance of secured promissory note payable 1,000,000
Proceeds from issuance of unsecured promissory note payable 990,001
Payments on unsecured promissory notes payable (130,000)
Net cash provided by financing activities 3,872,401
Net increase (decrease) in cash and cash equivalents 186,264
Cash - beginning of period 18,281
Cash - end of period 204,545
Supplemental disclosure of cash flow information  
Interest paid
Taxes paid
NONCASH INVESTING AND FINANCING ACTIVITIES  
Principal amount of convertible promissory note payable converted into common stock 25,000
Debt discount recognized on amendment of convertible promissory note payable 48,010
Principal amount of unsecured promissory note transferred at date of maturity to promissory note with later maturity date $ 85,000