Stock Options

12 Months Ended

Jul. 31, 2022

Stock Options

Stock Options

Note 8 – Stock Options

Stock option transactions under the Company’s Plan for the year ended July 31, 2022 and the period ended July 31, 2021 are summarized as follows:

Stock Options	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value		Weighted Average Grant Date Fair Value
Outstanding - July 31, 2021		-	$	-		-	$	-	$	-
Exercisable - July 31, 2021		-	$	-		-	$	-	$	-
Granted		864,489	$	0.14		-		-	$	0.14
Exercised		-	$	-		-		-	$	-
Cancelled/Forfeited		-	$	-		-		-	$	-
Outstanding - July 31, 2022		864,489	$	0.14		9.84	$	479,539	$	-
Exercisable - July 31, 2022		864,489	$	0.14		9.84	$	479,539	$	-

During the year ended July 31, 2022, the Company granted 864,489, ten-year (10) options to various employees. These options were fully vested upon issuance. These options had exercise prices ranging from $0.12 to $0.40/share.

Using the Black-Scholes option pricing model, the Company determined that the fair value of these options granted was $534,466.

For the year ended July 31, 2022, fair value was based upon the following management estimates:

Year Ended July 31, 2022
Expected term (years)	5
Expected volatility	275% - 276	%
Expected dividends	0	%
Risk free interest rate	2.85% - 2.98	%

Compensation expense recorded for stock-based compensation is as follows for the year ended July 31, 2022 and the period ended July 31, 2021, $534,466 and $0, respectively.

DESCRYPTO HOLDINGS, INC. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2022 AND 2021