v3.26.3
Income Taxes (Tables)
12 Months Ended
Jul. 31, 2026
Income Taxes  
Schedule of deferred tax assets

 

 

2026

 

 

2025

 

 

 

$ 

 

 

 $

 

Deferred tax assets:

 

 

 

 

 

 

Depletion of royalty interests

 

 

1,047

 

 

 

-

 

Net operating loss carryforwards

 

 

2,452,785

 

 

 

2,446,660

 

Total deferred tax assets

 

 

2,453,832

 

 

 

2,446,660

 

Valuation allowance

 

 

(2,453,832 )

 

 

(2,446,660 )
Schedule of income tax provision

 

 

2026

 

 

2025

 

Federal

 

 

 

 

 

 

Current

 

$-

 

 

$-

 

Deferred

 

 

7,172

 

 

 

3,272

 

Change in valuation allowance

 

 

(7,172)

 

 

(3,272 )

Income tax provision

 

$-

 

 

$-

 

Schedule of federal income tax rate

 

 

Amount

 

 

Percent

 

U.S. federal statutory tax rate

 

 

7,172

 

 

 

21%

Changes in valuation allowance

 

 

(7,172 )

 

 

(21 )%

Effective tax rate

 

 

-

 

 

 

0%