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Stock Options (Tables)
12 Months Ended
Jul. 31, 2022
Stock Options  
Schedule of Stock Option

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   $- 
Schedule of Stock Option Fair Value

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%