STOCKHOLDERS EQUITY |
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| STOCKHOLDERS' EQUITY | NOTE 8 - STOCKHOLDERS’ EQUITY
Preferred Stock
The Company has authorized 50,000,000 shares of preferred stock with a par value of $0.0001 per share. No preferred stock was issued or outstanding as of April 30, 2026, and July 31, 2025.
Common Stock
The Company has authorized 550,000,000 shares of common stock with a par value of $0.0001 per share.
During nine months ended April 30, 2025, the Company issued 100,000 shares of restricted common stock at price of $0.50 per share for an amount of $50,000 in cash.
During the nine months ended April 30, 2026, the Company issued 101,074 shares of restricted common stock at price of $ 3.50 - $5.49 per share for an amount of $535,000 in cash.
During the nine months ended April 30, 2026, the Company issued 50,000 shares of restricted common stock at price of $2.00 per share to settle the stock subscription payable of $100,000.
During the nine months ended April 30, 2026, the Company issued 27,000,000 shares of restricted common stock in connection with the executed license acquisition, valued at $148,500,000 (Note 4).
As of April 30, 2026, and July 31, 2025, there were 79,886,074 shares and 52,735,000 shares of common stock issued and 73,886,074 shares and 46,735,000 shares of common stock outstanding, respectively.
Treasury Stock
The Company records treasury stock at cost. Treasury stock is comprised of shares of common stock purchased by the Company at par value. As of April 30, 2026, and July 31, 2025, the Company had 6,000,000 shares of treasury stock valued at $600, respectively.
Restricted Stock
On June 17, 2024, the Company entered into an engagement agreement with a director and granted 125,000 shares of restricted common stock, with term of three years, fully vesting over a three-year period on a monthly basis. The Company valued the restricted common stock in amount of $124,988 at market price on grant date. During the nine months ended April 30, 2025, the Company recognized stock-based compensation of $6,944. On September 24, 2024, the employee resigned.
Stock Option
On June 17, 2024, the Company entered into an engagement agreement with an officer and granted stock option of 50,000 shares of common stock, valued at $39,225 with term of three years, exercise price of $1.50 per share, fully vesting in the first year on a monthly basis. On September 24, 2024, an officer resigned from his position. During the nine months ended April 30, 2025, the Company recognized stock option expense of $6,538.
The following is a summary of the change in stock option during the nine months ended April 30, 2026:
The intrinsic value of the options as of April 30, 2026, is $43,743.
The Company determined the stock option to be an equity instrument, to be valued as a level 3 fair value financial instrument valued on a non-recurring basis and utilized the Black-Scholes valuation model.
The Black-Scholes model, which requires six basic data inputs: the exercise or strike price, time to expiration, the risk-free interest rate, the current stock price, the estimated volatility of the stock price in the future, and the dividend rate. Changes to these inputs could produce a significantly higher or lower fair value measurement. The current stock price is based on historical issuances. Expected volatility is based on the historical stock price volatility of the Company’s common stock. Risk free interest rates were obtained from U.S. Treasury rates for the applicable periods. Expected term is calculated using a simplified method for plain vanilla options.
The Company utilized the following assumptions on grant date of June 17, 2024:
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