DERIVATIVE LIABILITY (Tables)

9 Months Ended

Apr. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

SCHEDULE OF FAIR VALUE OF ASSETS AND LIABILITIES

The following table summarizes the changes in fair value, including transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended April 30, 2022:

	Fair Value Measurement Using Level 3 Inputs
Balance, July 31, 2021	$	108,232
Derivative liability on issuance of AJB Note 2		192,886
Change in fair value of derivative liability		(15,744	)
Balance, April 30, 2022	$	285,374

SCHEDULE OF FAIR VALUE ASSUMPTIONS OF DERIVATIVE FEATURE

During the nine months ended April 30, 2022 and 2021, the fair value of the derivative feature of the AJB Capital notes was calculated using the following range of assumptions:

	April 30, 2022		April 30, 2021
Expected volatility of underlying stock	70.42 to 101.16	%	177.4 to 178.8	%
Expected term (in years)	.01 to 1.00		.40 to .50
Risk-free interest rate	0.04 to 1.76	%	0.01 to 0.04	%
Dividend yield	None		None