v3.25.4
INCOME TAXES (Tables)
12 Months Ended
Jul. 31, 2024
INCOME TAXES  
Schedule of deferred income tax assets

 

 

2024

 

 

2023

 

Deferred income tax assets:

 

$8,239,456

 

 

$8,069,028

 

Valuation allowance

 

 

(8,239,456)

 

 

(8,069,028)

Net deferred tax asset

 

$-

 

 

$-

 

Reconciliation between the statutory rate and the effective tax rate

 

 

2024

 

 

2023

 

Effective Tax Rate Reconciliation:

 

 

 

 

 

 

Federal statutory tax rate

 

 

21.0%

 

 

21.0%

State taxes, net of federal benefit

 

 

0.0%

 

 

0.0%

Change in valuation allowance

 

 

(21.0)%

 

 

(21.0)%

Effective tax rate

 

 

0.0%

 

 

0.0%