v3.26.3
Income Taxes (Tables)
 12 Months Ended
Jul. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets

Significant components of the Company’s deferred tax assets are as follows:

 

   2026   2025 
   July 31, 
   2026   2025 
Net operating loss carry-forward  $26,230,000   $24,061,000 
Stock options and warrants   2,180,000    2,250,000 
Other temporary differences   220,000    200,000 
Total deferred tax assets   28,630,000    26,511,000 
Valuation allowance for deferred tax assets   (28,630,000)   (26,511,000)
Net deferred tax assets  $—   $— 
Schedule of Reconciliation of Income Tax Rate

A reconciliation of income taxes computed using the statutory income tax rate, compared to the effective tax rate, is as follows:

 

   2026   2025 
Federal tax benefit at the expected statutory rate   21.0%   21.0%
State income tax, net of federal tax benefit   (10.8)   7.0
Permanent differences   (0.7)   — 
Prior period corrections   (38.1)   — 
Other   2.3   — 
Valuation allowance   26.3    28 
Income tax benefit - effective rate   —%   —%