v3.25.3
Income Taxes (Tables)
12 Months Ended
Jul. 31, 2025
Income Taxes  
Schedule of deferred tax assets

 

 

2025

 

 

2024

 

 

 

$

 

 

$

 

Deferred tax assets:

 

 

 

 

 

 

Impairment of royal interests

 

 

 

 

 

-

 

Net operating loss carryforwards

 

 

2,446,660

 

 

 

2,462,240

 

Total deferred tax assets

 

 

2,446,660

 

 

 

2,462,240

 

Valuation allowance

 

 

(2,446,660 )

 

 

(2,462,240 )
Schedule of income tax provision

 

 

2025

 

 

2024

 

Federal

 

 

 

 

 

 

Current

 

$-

 

 

$-

 

Deferred

 

 

3,272

 

 

 

(53,089 )

Change in valuation allowance

 

 

(3,272 )

 

 

53,089

 

Income tax provision

 

$-

 

 

$-

 

Schedule of federal income tax rate

 

 

2025

 

 

2024

 

Tax at federal statutory rate

 

 

21%

 

 

21%

Change in valuation allowance

 

 

(21 )%

 

 

(21 )%

Effective tax rate

 

 

0%

 

 

0%