v3.25.2
STOCKHOLDERS’ DEFICIT
 9 Months Ended
Apr. 30, 2025
Equity [Abstract]  
STOCKHOLDERS’ DEFICIT

NOTE 6 – STOCKHOLDERS’ DEFICIT

 

The Company has two (2) classes of stock at April 30, 2025 and July 31,2024:

 

Class A Common Stock

 

  - 10,000,000,000 shares authorized
  - 529,359,775 and 41,942,924 issued and outstanding, respectively
  - Par value - $0.0001
  - Voting at 1 vote per share

 

Series A, Convertible Preferred Stock

 

  - 200,000 shares authorized
  - Zero (0) and 58,415 issued and outstanding, respectively
  - Par value - $0.0001
  - Conversion ratio – 1 share of Series A converts into 1,000 shares of common stock (zero and 58,415,000 shares, respectively)
  - Voting on an if converted basis of 1,000 votes per share
  - Eligible for dividends/distributions if declared by the Board of Directors
  - Liquidation preference – none

 

Equity Transactions for the Nine Months Ended April 30, 2025

 

Stock Issued for Cash

 

On November 13, 2024, the Company sold 500,000 shares of common stock for $50,000 ($0.10/share)

 

On April, 9, 2025, pursuant to the agreement associated with the transition to current management, the Company issued and sold 426,501,851 common shares for $400,000 ($0.00094/share).

 

On April 9, 2025, pursuant to the agreement associated with the transition to current management, the Company issued 500,000 common shares to settle $37,500 ($0.075/share) of notes payable.

 

Stock Issued for Services

 

On November 13, 2024, the Company issued 1,500,000 shares of common stock for services rendered having a fair value of $225,000 ($0.15/share) based upon the quoted closing trading price.

 

 

Conversion of preferred stock to common stock

 

On March 26, 2025, the holders of the preferred stock elected to convert all of their preferred stock, 58,415 shares, to common stock. The convertibility feature of the preferred stock allows for 1,000 shares of common stock to be issued for each share of preferred stock. As a result, 58,415,000 shares of common stock were issued.

 

Equity Transactions for the Year ended July 31, 2024

 

Stock Issued for Debt Discount

 

The Company issued 325,000 shares of common stock as a debt discount, having a fair value of $66,890.

 

Stock Issued for Services

 

The Company issued 942,918 shares of common stock for services rendered, having a fair value of $262,355 ($0.2390 - $0.44/share), based upon the quoted closing trading price.