SHAREHOLDERS’ DEFICIT |
9 Months Ended |
|---|---|
Apr. 30, 2025 | |
| Equity [Abstract] | |
| SHAREHOLDERS’ DEFICIT | 3. SHAREHOLDERS’ DEFICIT
The Company has a single class of Preferred Stock. Holders of Series B Preferred Stock are entitled to vote with the holders of common stock as a single class on all matters. We are currently authorized to issue an aggregate of 401,000,000 shares of capital stock, consisting of shares of common stock and designated shares of preferred stock with preferences and rights to be determined by our Board of Directors, of which shares have been designated as Series B.
Series B Preferred Stock is not redeemable by the Company and has a liquidation value of $100 per share, plus declared and unpaid dividends, if any. Dividends are non-cumulative, and are at the rate of $ per share, if declared.
No preferred stock dividends were declared for the three and nine months ended April 30, 2025 and 2024.
The Company did t issue any shares of the Company’s common stock during the three and nine months ended April 30, 2025 and 2024.
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