v3.25.3
RELATED PARTY TRANSACTIONS AND BALANCES
12 Months Ended
Jul. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS AND BALANCES

NOTE 12: RELATED PARTY TRANSACTIONS AND BALANCES

 

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making operating and financial decisions. This would include the Company’s senior management, who are considered to be key management personnel by the Company. Parties are also related if they are subject to common control or significant influence. Related parties may be individuals or corporate entities. A transaction is considered to be a related party transaction when there is a transfer of resources or obligations between related parties.

 

a. The following related party salaries and directors’ fees are included in the consolidated statements of operations and comprehensive loss:

 

   2025   2024 
   Year ended July 31, 
   2025   2024 
Directors (*)  $892,005   $534,861 
Officers (**)   2,187,680    2,075,492 
Due from related party  $3,079,685   $2,610,353 

 

  (*) Excludes the CEO who is a director
     
  (**) Includes the CEO who is also a director

 

b. The following related party balances are included in the consolidated balance sheets:

 

   2025   2024 
   July 31, 
   2025   2024 
Directors (*)  $34,009   $153,852 
Officers (**)   85,000    319,478 
Related party, balance  $119,009   $473,330 

  (*) Excludes the CEO who is a director
     
  (**) Includes the CEO who is also a director