Acquisition and Pro Forma Financial Information for Open Locker, Inc. (Tables)

12 Months Ended

Jul. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Assets and Liabilities Effective on Acquisition

The table below summarizes preliminary estimated fair value of the assets acquired and the liabilities assumed at the effective acquisition date.

Consideration
Common stock (12,500,002 shares of common stock ($0.41/share)) (1)	$	5,142,001
Fair value of consideration transferred		5,142,001
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash		13,328
Total assets acquired		13,328
Accounts payable and accrued expenses		114,725
Total liabilities assumed		114,725
Total identifiable net liabilities		(101,397	)
Amount to allocate to intangible asset and goodwill		5,243,398
Less: allocation for identifiable intangible asset (intellectual property)		2,299,524
Less: allocation for goodwill		2,943,874
	$	-

(1) Fair value of common stock issued was determined based upon recent cash offerings with third parties.

Schedule of Supplemental Proforma Information

This proforma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the transactions been consummated as of that time:

	Nine Months Ended			Period Ended
	April 30, 2022			July 31, 2021
Revenues	$	23,162		$	-
Net loss	$	(1,929,883	)	$	(121,231	)
Loss per share - basic	$	(0.01	)	$	(0.00	)
Loss per share - diluted	$	(0.01	)	$	(0.00	)
Weighted average number of shares - basic		153,889,891			271,876,622
Weighted average number of shares - diluted		153,889,891			271,876,622