v3.25.1
Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2025
Apr. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss $ (1,310,643) $ (215,218) $ (3,261,217) $ (598,881)
Adjustments to reconcile loss to net cash used in operating activities:        
Amortization expense 122,002 55,697 299,953 167,091
Stock-based compensation 363,555 78,361 1,244,302 104,196
Shares issued for services     91,500
Impairment of intangibles 46,225
Gain on extinguishment of debt (113,645) (113,645)
Changes in operating assets and liabilities:        
Accounts receivable, net     14,000 (14,000)
Prepaid expenses and other current assets     (38,887) 1,070
Accounts payable and accrued expenses     82,356 28,471
Accounts payable and accrued expenses, related party     (137,969) (70,381)
Payroll related liabilities     19,377 184,082
NET CASH USED BY OPERATING ACTIVITIES     (1,754,005) (198,352)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from issuance of common stock     10,172,074 325,000
Principle payments on note payable     (50,000)
Principle (payments) proceeds from related party notes     (410,207) 72,030
Payments of amounts owed to related parties     (2,080) (199,059)
NET CASH PROVIDED BY FINANCING ACTIVITIES     9,709,787 197,971
Net change in cash and cash equivalents     7,955,782 (381)
Cash and cash equivalents, beginning of period     175,562 411
Cash and cash equivalents, end of period $ 8,131,344 $ 30 8,131,344 30
SUPPLEMENTAL CASH FLOW INFORMATION        
Cash paid for interest, related party     65,074
SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES        
Issuance of common stock for payment of accrued expenses     28,124
Shares issued for extinguishment of convertible debt     $ 175,000