v3.26.3
Share-Based Compensation (Tables)
12 Months Ended
Jul. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Activity

A summary of our restricted stock unit activity and related data is as follows:

 

   Total RSU Shares   Vested and Issuable 
Outstanding at July 31, 2024   712,500    712,500 
Granted   30,000    30,000 
Vested   —    — 
Delivered   (30,000)   (30,000)
Forfeited   —    — 
Outstanding at July 31, 2025   712,500    712,500 
Granted   —    — 
Vested   —    — 
Delivered   —    — 
Forfeited   —    — 
Outstanding at July 31, 2026   712,500    712,500 
Schedule of Stock Option Activity

A summary of the Company’s stock option activity for the fiscal years ended July 31, 2026 and 2025 is as follows:

 

   Shares  

Weighted-

Average

Exercise Price

  

Aggregate Intrinsic

Value

 
Outstanding at July 31, 2024   7,740,000   $0.40   $— 
Granted   2,665,000    0.07    — 
Exercised   —    —    — 
Cancelled   (345,000)   0.11    — 
Outstanding at July 31, 2025   10,060,000   $0.32   $50,000 
Granted   3,395,000    0.07    — 
Exercised   —    —    — 
Cancelled   (60,000)   1.30    — 
Outstanding at July 31, 2026   13,395,000   $0.26   $— 
Schedule of Stock Option Outstanding and Exercisable

 

   Outstanding   Exercisable 
Range of Exercise Prices  Number of Shares Outstanding   Weighted Average Remaining Contractual Life
(in years)
   Weighted Average Exercise Price   Number of Shares Exercisable   Weighted Average Remaining Contractual Life
(in years)
   Weighted Average Exercise Price 
$0.07 to $0.50   11,710,000    7.11   $0.17    10,573,750    6.89   $0.18 
$0.51 to $1.00   1,285,000    3.57   $0.77    1,285,000    3.57   $0.77 
$1.01 to $1.19   400,000    1.14   $1.15    400,000    1.14   $1.15 
    13,395,000    6.59   $0.26    12,258,750    6.35   $0.27 
Schedule of Fair Value Assumptions

 

  

For the years ended

July 31,

 
   2026   2025 
Volatility   145.17%   121%
Risk-free interest rate   4.12%   4.10%
Dividend yield   0.0%   0.0%
Expected life   5.34 years    5.28 years