Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended April 30, 2023

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Commission File Number: 000-55994

THC Therapeutics, Inc.

(Exact name of registrant as specified in its charter)

Nevada		26-0164981
(State or other jurisdiction of incorporation)		(IRS Employer Identification Number)

11700 W Charleston Blvd. #73

Las Vegas, NV 89135

(Address of principal executive offices)

(833)-420-8428

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act: None.

Title of each class	Trading Symbol	Name of each exchange on which registered
Not applicable

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☐ Yes ☒ No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☐ Yes ☒ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☒ No

As of December 22, 2023, the Company had 34,206,149 shares of common stock outstanding.

THC THERAPEUTICS INC.

INDEX

		Page
PART I. FINANCIAL INFORMATION		3

Item 1.	Financial Statements	3
	Consolidated Balance Sheets at April 30, 2023 (unaudited), and July 31, 2022	3
	Consolidated Statement of Operations for the three and nine months ended April 30, 2023 and 2022 (unaudited)	4
	Consolidated Statement of Stockholders’ Equity (deficit) for the nine months ended April 30, 2023 and 2022 (unaudited)	5
	Consolidated Statement of Cash Flows for the nine months ended April 30, 2023 and 2022 (unaudited)	7
	Notes to Financial Statements (unaudited)	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
Item 3.	Quantitative and Qualitative Disclosures about Market Risks	26
Item 4.	Controls and Procedures	26

PART II. OTHER INFORMATION		27

Item 1.	Legal Proceedings	27
Item 1A.	Risk Factors	27
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	27
Item 3.	Defaults Upon Senior Securities	27
Item 4.	Mine Safety Disclosures	27
Item 5.	Other Information	27
Item 6.	Exhibits	28

SIGNATURES		30

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

THC THERAPEUTICS INC.

CONSOLIDATED BALANCE SHEETS

ASSETS	April 30, 2023			July 31, 2022
Current assets
Cash	$	15		$	32
Prepaid expenses		970			40,656
Inventory		-			25
Total current assets		985			40,713

Physical silver assets		-			152,785
Intangible assets, net		12,361			13,403

Total assets		13,346			206,901

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable and accrued liabilities	$	1,863,069		$	1,580,689
Accrued expenses - related party		4,330			16,807
Advances from related parties		59,606			144,632
Notes payable, net		25,000			25,000
Convertible notes payable		576,028			576,028
Convertible notes payable- related party		130,761			200,000
Derivative liability		531,444			673,712
Total current liabilities		3,190,238			3,216,868

Total liabilities		3,190,238			3,216,868

Commitments and Contingencies (See note 10)		100,000			100,000

Stockholders' deficit
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 226,300 and 226,300 series A and B and C shares issued and outstanding as of April 30, 2023 and July 31, 2022, respectively
Preferred A stock; $0.001 par value; 3,000,000 shares authorized; 226,000 and 226,000 shares issued and outstanding as of April 30, 2023 and July 31, 2022, respectively		226			226
Preferred B stock; $0.001 par value; 16,500 shares authorized; 0 and 0 shares issued and outstanding as of April 30, 2023 and July 31, 2022, respectively		-			-
Preferred C stock; $0.001 par value; 10,000 shares authorized; 300 and 300 shares issued and outstanding as of April 30, 2023 and July 31, 2022, respectively		-			-
Common stock; $0.001 par value; 500,000,000 shares authorized; 34,146,149 and 33,891,671 shares issued and outstanding as of April 30, 2023 and July 31, 2022, respectively		32,746			32,492
Stock payable		752,228			622,278
Stock receivable		(6,902,000	)		(6,902,000	)
Additional paid-in capital		41,230,912			41,173,946
Accumulated deficit		(38,391,004	)		(38,036,909	)
Total stockholders' deficit		(3,276,892	)		(3,109,967	)

Total liabilities and stockholders' deficit	$	13,346		$	206,901

The accompanying notes are an integral part of these financial statements.

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THC THERAPEUTICS INC.

CONSOLIDATED STATEMENT OF OPERATIONS

	For the Three Months Ended						For the Nine Months Ended
	April 30, 2023			April 30, 2022			April 30, 2023			April 30, 2022

Revenues	$	-		$	-		$	-		$	-

Cost of revenues		-			-			-			-

Gross profit		-			-			-			-

Operating expenses
Professional fees		7,159			43,148			141,536			161,459
Consulting fees		500			-			87,670			487,715
Salaries and wages		46,937			46,937			140,812			415,380
General and administrative		3,424			33,444			69,243			148,605
Total operating expenses		58,020			123,529			439,261			1,213,159

Loss from operations		(58,020	)		(123,529	)		(439,261	)		(1,213,159	)

Other income (expense)
Gain (loss) on derivative liability		171,604			(467,005	)		142,268			(545,556	)
Gain on settlement of debt		-			-			2,310			-
Interest expense		(19,229	)		(41,744	)		(59,412	)		(112,460	)
Total other income (expense)		152,375			(508,749	)		85,166			(658,016	)

Net income (loss)	$	94,355		$	(632,278	)	$	(354,095	)	$	(1,871,175	)

Basic loss per common share	$	0.00		$	(0.02	)	$	(0.01	)	$	(0.06	)

Basic weighted average common shares outstanding		32,746,149			32,491,671			32,746,149			33,497,983

The accompanying notes are an integral part of these financial statements.

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THC THERAPEUTICS INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS DEFICIT

(Unaudited)

	Preferred A Stock				Preferred B Stock				Preferred C Stock				Common Stock						Additional Paid-in		Stock		Stock			Accumulated			Total Stockholders'
	Shares		Amount		Shares		Amount		Shares		Amount		Shares			Amount			Capital		Payable		Receivable			Deficit			Deficit
Balance, July 31, 2022		226,000		226		-		-		300		-		32,491,671			32,492			41,173,946		622,278		(6,902,000	)		(38,036,909	)		(3,109,967	)
Shares issued for services		-		-		-		-		-		-		700,000			700			20,580		-		-			-			21,280
Shares cancelled		-		-		-		-		-		-		(445,522	)		(446	)		446		-		-			-			-
Net loss		-		-		-		-		-		-		-			-			-		-		-			(2,134,302	)		(2,134,302	)
Balance, October 31, 2022		226,000		226		-		-		300		-		32,746,149			32,746			41,194,972		622,278		(6,902,000	)		(40,171,211	)		(5,222,989	)
Shares issued for cash		-		-		-		-		-		-		-			-			-		100,000		-			-			100,000
Shares and warrants issued for services		-		-		-		-		-		-		-			-			35,940		29,950		-			-			65,890
Net loss		-		-		-		-		-		-		-			-			-		-		-			1,685,852			1,685,852
Balance, January 31, 2023		226,000		226		-		-		300		-		32,746,149			32,746			41,230,912		752,228		(6,902,000	)		(38,485,359	)		(3,371,247	)
Net loss		-		-		-		-		-		-		-			-			-		-		-			94,355			94,355
Balance, April 30, 2023		226,000		226		-		-		300		-		32,746,149			32,746			41,230,912		752,228		(6,902,000	)		(38,391,004	)		(3,276,892	)

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	Preferred A Stock						Preferred B Stock				Preferred C Stock				Common Stock						Additional Paid-in			Stock			Stock			Accumulated			Total Stockholders'
	Shares			Amount			Shares		Amount		Shares		Amount		Shares			Amount			Capital			Payable			Receivable			Deficit			Deficit
Balance, July 31, 2021		218,000			218			-		-		300		-		29,287,337			29,287			40,254,257			658,892			(6,902,000	)		(36,517,980	)		(2,477,326	)
Conversion of preferred shares into common stock shares		(5,000	)		(5	)		-		-		-		-		500,000			500			(495	)		-			-			-			-
Shares issued for cash		-			-			-		-		-		-		3,533,334			3,533			213,967			(217,500	)		-			-			-
Shares and warrants issued for services		-			-			-		-		-		-		116,500			117			20,581			14,731			-			-			35,429
Net loss		-			-			-		-		-		-		-			-			-			-			-			(486,437	)		(486,437	)
Balance, October 31, 2021		213,000			213			-		-		300		-		33,437,171			33,437			40,488,310			456,123			(6,902,000	)		(37,004,417	)		(2,928,334	)
Shares issued for cash		-			-			-		-		-		-		-			-			(25,000	)		160,000			-			-			135,000
Shares and warrants issued for services		-			-			-		-		-		-		469,500			470			410,234			(6,085	)		-			-			404,619
Shares cancelled		-			-			-		-		-		-		(15,000	)		(15	)		15			-			-			-			-
Repurchase of common stock		-			-			-		-		-		-		(1,400,000	)		(1,400	)		(96,100	)		5,000			-			-			(92,500	)
Net loss		-			-			-		-		-		-		-			-			-			-			-			(752,460	)		(752,460	)
Balance, January 31, 2022		213,000			213			-		-		300		-		32,491,671			32,492			40,777,459			615,038			(6,902,000	)		(37,756,877	)		(3,233,675	)
Shares issued for cash		-			-			-		-		-		-		-			-			-			12,000			-			-			12,000
Shares cancelled		-			-			-		-		-		-		-			-			-			-			-			-			-
Repurchase of common stock		-			-			-		-		-		-		-			-			-			(5,000	)		-			-			(5,000	)
Net loss		-			-			-		-		-		-		-			-			-			-			-			(632,278	)		(632,278	)
Balance, April 30, 2022		213,000			213			-		-		300		-		32,491,671			32,492			40,777,459			622,038			(6,902,000	)		(38,389,155	)		(3,858,953	)

The accompanying notes are an integral part of these financial statements.

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THC THERAPEUTICS INC.

CONSOLIDATED STATEMENT OF CASHFLOWS

	For the Nine Months Ended
	April 30, 2023			April 30, 2022
Cash Flows from Operating Activities
Net loss	$	(354,095	)	$	(1,871,175	)
Adjustments to reconcile net loss to net cash used by operating activities:
Loss (gain) on change in derivative liabilities		(142,268	)		545,556
Amortization of debt discount		-			14,682
Stock based compensation		87,170			440,048
Gain on settlement of debt		(2,310	)		-
Depreciation and amortization		1,042			11,453
Changes in operating assets and liabilities
Increase (decrease) in inventory		25			-
Increase (decrease) in prepaid assets		39,686			(38,898	)
Increase (decrease) in accounts payable		282,380			480,997
Increase (decrease) in accounts payable related party		2,985			21,973
Net cash used in operating activities		(85,385	)		(395,364	)

Cash Flows from investing
Net cash used in investing activities		-			-

Cash Flows provided by Financing Activities
Proceeds from related party advances		35,960			63,168
Payments on related party advances		(50,592	)		(34,617	)
Proceeds from sale of common stock		100,000			147,000
Repurchase of common stock		-			(97,500	)
Proceeds from convertible notes payable		-			25,000
Net cash provided by financing activities		85,368			103,051

Net decrease in Cash		(17	)		(292,313	)

Beginning cash balance		32			296,130

Ending cash balance	$	15		$	3,817

Supplemental disclosure of cash flow information
Cash paid for interest	$	-		$	-
Cash paid for tax	$	-		$	-

Supplemental schedule of noncash financing activities
Silver used to settle debt	$	152,785		$	-

The accompanying notes are an integral part of these financial statements.

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THC THERAPEUTICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

1. DESCRIPTION OF BUSINESS AND HISTORY

Description of business – THC Therapeutics, Inc. (referred to as the “Company”) is focused developing its patented product, the dHydronator®, a sanitizing herb dryer. The main function of the dHydronator is to greatly accelerate the drying time of a herb while sanitizing it. The dHydronator can be used to dry a variety of herbs, but it has been specifically tested for use with cannabis, and it can reduce the drying time for cannabis from 10-14 days to less than 14 hours.

History – The Company was incorporated in the State of Nevada on May 1, 2007, as Fairytale Ventures, Inc., and later changed its name to Aviation Surveillance Systems, Inc. and Harmonic Energy, Inc. On January 23, 2017, the Company changed its name to THC Therapeutics, Inc.

On May 30, 2017, the Company formed Genesis Float Spa LLC, a wholly-owned subsidiary, to market its float spa assets purchased for wellness centers. The Company’s health spa plans are part of the Company’s strategic focus on revenue generation and creating shareholder value.

On January 17, 2018, the Company changed its name to Millennium Blockchain Inc.

On September 28, 2018, the Company changed its name back to THC Therapeutics, Inc.

THC Therapeutics, Inc., together with its subsidiaries, shall herein be collectively referred to as the “Company.”

2. BASIS OF PRESENTATION AND GOING CONCERN

Basis of Presentation and Principles of Consolidation – The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Audited Financial Statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent Annual Audited Financial Statements have been omitted.

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated.

Going Concern – The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.

Management evaluated all relevant conditions and events that are reasonably known or reasonably knowable, in the aggregate, as of the date the consolidated financial statements are issued and determined that substantial doubt exists about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on the Company’s ability to generate revenues and raise capital. The Company has not generated sufficient revenues to provide sufficient cash flows to enable the Company to finance its operations internally. As of April 30, 2023, the Company had $15 cash on hand. At April 30, 2023 the Company has an accumulated deficit of $38,391,004. For the nine months ended April 30, 2023, the Company had a net loss of $354,095, and net cash used in operations of $85,385. These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date of filing.

Over the next twelve months management plans to use borrowings and security sales to mitigate the effects of cash flow deficits; however, no assurance can be given that debt or equity financing, if and when required, will be available. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets and classification of liabilities that might be necessary should the Company be unable to continue existence.

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3. SUMMARY OF SIGNIFICANT POLICIES

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates used to review the Company’s goodwill, impairments and estimations of long-lived assets, revenue recognition on percentage of completion type contracts, allowances for uncollectible accounts, inventory valuation, and the valuations of non-cash capital stock issuances. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable in the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid investments and short-term instruments with original maturities of six months or less to be cash equivalents. There were $15 and $32 in cash and no cash equivalents as of April 30, 2023 and July 31, 2022, respectively.

Concentration Risk

At times throughout the year, the Company may maintain cash balances in certain bank accounts in excess of FDIC limits. As of April 30, 2023, the cash balance in excess of the FDIC limits was $0. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk in these accounts.

Revenue Recognition

We recognize revenue in accordance with generally accepted accounting principles as outlined in the Financial Accounting Standard Board's (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue From Contracts with Customers, which requires that five steps be followed in evaluating revenue recognition: (i) identify the contract with the customer; (ii) identity the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price; and (v) recognize revenue when or as the entity satisfied a performance obligation.

The company has made an accounting policy election to exclude from the measurement of the transaction price all taxes assessed by governmental authorities that are collected by the company from its customers (sales and use taxes, value added taxes, some excise taxes).

Revenues from the sale of products are recognized when title to the products are transferred to the customer and only when no further contingencies or material performance obligations are warranted, and thereby have earned the right to receive reasonably assured payments for products sold and delivered.

Fair Value of Financial Instruments

The carrying amounts reflected in the balance sheets for cash, accounts payable and accrued expenses approximate the respective fair values due to the short maturities of these items.

As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

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The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of April 30, 2023:

	Level 1		Level 2		Level 3		Total
Assets
Physical Silver Assets	$	-	$	-	$	-	$	-
Liabilities
Derivative Financial Instruments	$	-	$	-	$	531,444	$	531,444

As of April 30, 2023, the Company’s stock price was $0.003, risk-free discount rate of 4.35% and volatility of 622.13%.

The following tables provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs for the nine months ended April 30, 2023:

	Amount
Balance July 31, 2022	$	673,712
Derivative reclassed to additional paid in capital		-
Change in fair market value of derivative liabilities		(142,268	)
Balance April 30, 2023	$	531,444

Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of July 31, 2022:

	Level 1		Level 2		Level 3		Total
Assets
Physical Silver Assets	$	152,785	$	-	$	-	$	152,785
Liabilities
Derivative Financial Instruments	$	-	$	-	$	673,712	$	673,712

As of July 31, 2022, the Company’s stock price was $0.026, risk-free discount rate of 2.22% and volatility of 851.23%.

Goodwill and Intangible Assets

The Company follows Financial Accounting Standard Board’s (FASB) Codification Topic 350-10 (“ASC 350-10”), “Intangibles – Goodwill and Other.” According to this statement, goodwill and intangible assets with indefinite lives are no longer subject to amortization, but rather an annual assessment of impairment by applying a fair-value based test. Fair value for goodwill is based on discounted cash flows, market multiples and/or appraised values as appropriate. Under ASC 350-10, the carrying value of assets are calculated at the lowest level for which there are identifiable cash flows.

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Long-Lived Assets

In accordance with the Financial Accounting Standards Board ("FASB") Accounts Standard Codification (ASC) ASC 360-10, "Property, Plant and Equipment," the carrying value of intangible assets and other long-lived assets is reviewed on a regular basis for the existence of facts or circumstances that may suggest impairment. The Company recognizes impairment when the sum of the expected undiscounted future cash flows is less than the carrying amount of the asset. Impairment losses, if any, are measured as the excess of the carrying amount of the asset over its estimated fair value. During the nine months ending April 30, 2023 and 2022 the Company recorded an impairment expense of $0 and $0, respectively.

Income Taxes

The Company accounts for its income taxes in accordance with FASB Codification Topic ASC 740-10, “Income Taxes”, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Stock-Based Compensation

The Company follows the guidelines in FASB Codification Topic ASC 718-10 “Compensation-Stock Compensation”, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options and employee stock purchases related to an Employee Stock Purchase Plan based on the estimated fair values.

Earnings (Loss) Per Share

The Company reports earnings (loss) per share in accordance with FASB Codification Topic ASC 260-10 “Earnings Per Share.” Basic earnings (loss) per share is computed by dividing income (loss) available to common shareholders by the weighted average number of common shares available. Diluted earnings (loss) per share is computed similar to basic earnings (loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. Diluted earnings (loss) per share has not been presented since the effect of the assumed exercise of options and warrants to purchase common shares (common stock equivalents) would have an anti-dilutive effect.

Advertising Costs

The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expenses of $40,150 and $6,652 during the nine months ended April 30, 2023 and 2022, respectively.

4. PHYSICAL SILVER ASSETS

During the year ending July 31, 2021, the Company purchased silver bars and coins for $152,785. We determine the fair value of our silver on a nonrecurring basis in accordance with ASC 820, Fair Value Measurement, based on quoted prices on the active exchange(s) that we have determined is its principal market for silver (Level 1 inputs). We perform an analysis each quarter to identify whether events or changes in circumstances, principally decreases in the quoted prices on active exchanges, indicate that it is more likely than not that our silver assets are impaired. In determining if an impairment has occurred, we consider the lowest market price of silver quoted on the active exchange since acquiring the silver. If the then current carrying value of a silver exceeds the fair value so determined, an impairment loss has occurred with respect to those silver assets in the amount equal to the difference between their carrying values and the price determined. On August 11, 2022 the Company transferred ownership of the silver assets to settle $70,393 in advances from related parties, $69,239 in convertible notes payable – related party, and $15,463 in accrued interest. Additionally, the Company recorded a gain on settlement of debt of $2,310.

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5. INTANGIBLE ASSETS

Intangible assets consist of the following as of April 30, 2023 and July 31, 2022:

	April 30, 2023			July 31, 2022
Patents and patents pending	$	19,699		$	19,699
Trademarks		1,275			1,275
Website and domain names		15,098			15,098
Less: accumulated depreciation		(23,711	)		(22,669	)
Intangible assets, net	$	12,361		$	13,403

Amortization expense for the nine months ended April 30, 2023 and 2022, was $1,042 and $2,503 respectively.

6. RELATED PARTY TRANSACTIONS

ADVANCES FROM RELATED PARTIES

Our Chief Executive Officer and Harvey Romanek, father of our Chief Executive Officer, previously agreed to advance funds to the Company from time to time to support the ongoing operations of the Company. Advances are due within ten days of demand and bear interest at 5% annually.

Advances from related parties consist of the following as of April 30, 2023:

	Principal as of		Nine months ending April 30, 2023					Principal as of		Accrued interest balance As of
	July 31, 2022		Funds advanced		Funds repaid			April 30, 2023		April 30, 2023
B. Romanek, President and CEO	$	74,239	$	35,960	$	(50,593	)	$	59,606	$	4,330
Shareholder Relative of our President and CEO		70,393		-		(70,393	)		-		-
TOTAL	$	144,632	$	35,960	$	(120,986	)	$	59,606	$	4,330

On November 1, 2017, we entered into an employment agreement with Brandon Romanek, our Chief Executive Officer. In accordance with this agreement, Mr. Romanek provides services to the Company in exchange for $78,000 per year plus vacation and bonuses as approved annually by the board of directors, as well as reimbursement of expenses incurred. On February 1, 2019, we amended the employment agreement with Brandon Romanek, our Chief Executive Officer. In accordance with this agreement, Mr. Romanek provides services to the Company in exchange for $178,000 per year plus vacation and bonuses as approved annually by the board of directors, as well as reimbursement of expenses incurred.

During the nine months ending April 30, 2023, the Company accrued $140,832 due to Mr. Romanek related to this agreement. As of April 30, 2023, Mr. Romanek has allowed the Company to defer a total of $780,558 in compensation earned to date related to his employment agreements.

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CONVERTIBLE NOTES PAYABLE RELATED PARTY

On May 1, 2019, we entered into a convertible promissory note pursuant to which we borrowed $200,000 from Harvey Romanek, the father of the Company’s Chief Executive Officer, Brandon Romanek. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on May 1, 2021. The note is convertible six months after the issuance date at the noteholder’s option into shares of our common stock at a Variable Conversion Price of 65% multiplied by the lowest Trading Price for the Common Stock during the ten (10) Trading Day period ending on the last complete Trading Day prior to the Conversion Date.

The Company recorded a debt discount in the amount of $200,000 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note.

Further, the Company recognized a derivative liability of $387,232 and an initial loss of $187,232 based on the Black-Scholes pricing model.

On August 11, 2022 the Company settled $69,239 of the loan with the transfer of all physical silver assets. As of April 30, 2023, the balance of the note was $130,761.

7. CONVERTIBLE NOTES PAYABLE

Convertible Notes Payable at consists of the following:

	April 30,		July 31,
	2023		2022

On April 4, 2019, we entered into a master convertible promissory note pursuant to which we may borrow up to $250,000 in $50,000 tranches. On April 19, 2019, we borrowed the first tranche of $50,000, net of debt issuance costs and investor legal fees of $7,000, resulting in the Company receiving $43,000. On June 19, 2019, we borrowed the second tranche of $50,000, net of debt issuance costs and investor legal fees of $7,000, resulting in the Company receiving $43,000. On January 27, 2020, we borrowed the third tranche of $35,000, net of debt issuance costs and investor legal fees of $7,000, resulting in the Company receiving $30,500. On January 31, 2019, the lender converted $9,532 of principle and $500 of fees into 16,500 shares of common stock. On December 12, 2020, the lender converted $9,700 of principle and $500 of fees into 34,000 shares of common stock. On February 10, 2020, the lender converted $10,156 of principle and $500 of fees into 120,000 shares of common stock. On March 24, 2020, the lender converted $7,628 of principle and $500 of fees into 160,000 shares of common stock. On April 13, 2020, the lender converted $7,900 of principle and $500 of fees into 300,000 shares of common stock. On April 28, 2020, the lender converted $5,084 of principle, $500 of fees, and $5,000 of interest into 588,000 shares of common stock. On May 26, 2020, the lender converted $13,000 of principle, and $500 of fees into 750,000 shares of common stock. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on April 4, 2020. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a variable conversion price equal to the lesser of (i) the lowest Trading Price during the previous twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note or (ii) Variable Conversion Price of 60% multiplied by the lowest Trading Price for the Common Stock during the twenty-five (25) Trading Day period ending on the last complete Trading Day prior to the Conversion Date. The Company recorded debt discounts in the amount of $135,000 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of each tranche of the Note to be amortized utilizing the effective interest method of accretion over the term of each tranche of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $465,748 and an initial loss of $335,248 based on the Black-Scholes pricing model.		72,000		72,000
Unamortized debt discount		-		-
Total, net of unamortized discount		72,000		72,000

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On June 20, 2019, we entered into a convertible promissory note pursuant to which we borrowed $291,108, net of an Original Issue Discount (“OID”) of $36,108 and investor legal expenses of $5,000 resulting in the Company receiving $250,000. On January 31, 2019, the lender converted $30,000 of principle into 170,940 shares of common stock. On March 27, 2020, the lender converted $30,000 of principle into 267,016 shares of common stock. On April 23, 2020, the lender converted $21,000 of principle into 210,108 shares of common stock. On April 23, 2020, the lender converted $30,000 of principle into 1,129,816 shares of common stock On May 28, 2020, the lender converted $35,000 of principle into 1,318,118 shares of common stock Interest under the convertible promissory note is 8% per annum, and the principal and all accrued but unpaid interest is due on June 20, 2020. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to $8.80 (the “Lender Conversion Price”). Additionally, after 6 months from the date the Company receives note funding, the noteholder has the right to demand whole or partial redemption of amounts owed to the noteholder under the note. Payments of redemption amounts by the Company to the noteholder can be made in cash or by converting the redemption amount into shares common stock of the Company, with such conversions occurring at the lower of (i) the Lender Conversion Price, or (ii) a price equal to the 65% of the two lowest Closing Trade Prices during the ten (10) Trading Day period immediately preceding the measurement date. The Company recorded a debt discount in the amount of $182,499 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $141,391 and an initial loss of $0 based on the Black-Scholes pricing model.	145,108	145,108
Unamortized debt discount	-	-
Total, net of unamortized discount	145,108	145,108

On February 20, 2020, we entered into a convertible promissory note pursuant to which we borrowed $135,680, net of an Original Issue Discount (“OID”) of $7,680 and investor legal expenses of $2,500 resulting in the Company receiving $125,500. On September 2, 2020, the lender converted $10,000 of principle into 242,718 shares of common stock On September 30, 2020, the lender converted $12,000 of principle into 476,190 shares of common stock On November 14, 2020, the lender converted $20,000 of principle into 938,967 shares of common stock. On December 1, 2020, the lender converted $20,000 of principle into 1,058,201 shares of common stock. The fair value of the derivative liability associated with the conversions for the nine months ended April 30, 2021 on the date of settlement of $16,244 was recorded to additional paid in capital. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on August 15, 2021. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to 71% of the average of the 2 lowest trading prices of the common stock during the 10 completed trading days prior to conversion date. The Company recorded a debt discount in the amount of $135,680 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $192,236 and an initial loss of $64,236 based on the Black-Scholes pricing model.	147,360	147,360
Unamortized debt discount	-	-
Total, net of unamortized discount	147,360	147,360

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On March 26, 2020, we entered into a convertible promissory note pursuant to which we borrowed $3,000, net of legal expenses of $3,000 resulting in the Company receiving $0. Interest under the convertible promissory note is 0% per annum, and the principal and all accrued but unpaid interest is due on March 26, 2021. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to the average of the closing trading prices of the common stock during the 3 completed trading days prior to conversion date. The Company recorded a debt discount in the amount of $3,000 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $1,500 and an initial loss of $1,500 based on the Black-Scholes pricing model.		3,000		3,000
Unamortized debt discount		-		-
Total, net of unamortized discount		3,000		3,000

On May 1, 2020, we entered into a convertible promissory note pursuant to which we borrowed $100,000, net of consulting expenses of $100,000 resulting in the Company receiving $0. During the nine months ended April 30, 2021, the Company made cash payments of $25,000. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on May 1, 2021. The note is convertible at any date after the effective date at the noteholder’s option into shares of our common stock at a conversion price equal to 65% of the average of the six lowest closing prices in the 10 trading days prior to the conversion. The Company recorded a debt discount in the amount of $64,888 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $64,888 based on the Black-Scholes pricing model.		75,000		75,000
Unamortized debt discount		-		-
Total, net of unamortized discount		75,000		75,000

On May 7, 2020, we entered into a convertible promissory note pursuant to which we borrowed $66,780, net of an Original Issue Discount (“OID”) of $3,780 and investor legal expenses of $3,000 resulting in the Company receiving $60,000. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on October 29, 2021. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to 71% of the average of the 2 lowest trading prices of the common stock during the 10 completed trading days prior to conversion date. The Company recorded a debt discount in the amount of $66,780 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $138,172 and an initial loss of $134,237 based on the Black-Scholes pricing model.		133,560		133,560
Unamortized debt discount		(-)		-
Total, net of unamortized discount		133,560		133,560
Total notes payable, net of unamortized discount	$	576,028	$	576,028

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8. COMMITMENTS AND CONTINGENCIES

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are not presently a party to any material litigation, nor to the knowledge of management is any litigation threatened against us, which may materially affect us, other than as set forth herein.

On or about December 18, 2020, Power Up Lending Group, Ltd. (“Power Up”) filed suit against the Company, the Company’s executive officers, and the Company’s transfer agent (Case Index No. 614700/2020, Supreme Court of the State of New York for Nassau County, Power Up Lending Group, Ltd. v. THC Therapeutics, Inc., Parker Mitchell, Transhare Corporation, and Brandon Romanek), alleging that the Company’s convertible promissory notes issued to Power Up are in default as a result of the Company’s alleged failure to honor the conversion terms of the notes along with related claims, and seeking monetary damages in excess of $280,920 (representing 200% of the outstanding note balances) and equitable relief to force the Company to honor Power Up’s conversion of note amounts into Company common stock. The Company and its officers answered the complaint and filed counterclaims against Power Up. The parties settled in July of 2021, and the case was subsequently dismissed by Power Up.

In the spring of 2021, the Company’s former CEO, Parker Mitchell, filed suit against the Company for wrongful termination (case no. A-21-833007-Z filed in the District Court for Clark County, Nevada). The matter was subsequently settled on or about December 12, 2021, and the case was then dismissed.

In the fall of 2021, the Company’s former CFO, an individual representing himself as Jonathan Cross, but who, upon information and belief was the convicted felon, John Dankovich, made numerous demands of the Company in connection with his termination by the Company. The Company responded to Mr. Dankovich on or about November 11, 2021, and Mr. Dankovich has taken no further action against the Company to its knowledge.

In the fall of 2021, one of the Company’s former directors and current Company business consultant, Joshua Halford, made a demand for payment of funds due to Mr. Halford under a consulting agreement, Mr. Halford and the Company have since resolved the matter, and Mr. Halford is still providing consulting and technical design services to the Company in connection with the Company’s dHyrdonator herb dryer product redesign.

9. STOCK WARRANTS

The following is a summary of warrant activity during the nine months ended April 30, 2023.

	Number of Shares		Weighted Average Exercise Price
Balance, July 31, 2022		2,610,379	$	1.26
Warrants granted and assumed		1,600,000	$	0.25
Warrants expired		-		-
Warrants canceled		-		-
Warrants exercised		-		-
Balance outstanding and exercisable, April 30, 2023		4,210,379	$	1.26

On October 14, 2022 the Company issued 2,000,000 shares of common stock and 1,000,000 one-year warrants exercisable at $0.25 per shares for $100,000. As of the date of filing the shares have been not been issued and were recorded to stock payable.

On December 12, 2022, the Company entered into an agreement whereas the Company agreed to issue 5000,000 shares of common stock and 600,000 one-year warrants exercisable at $0.25 per shares for services valued at $65,890. As of the date of filing the shares have been not been issued and were recorded to stock payable.

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10. SHAREHOLDERS’ DEFICIT

The Company’s authorized capital stock consists of 500,000,000 shares of $0.001 par value common stock and 10,000,000 shares of $0.001 par value preferred stock.

As of April 30, 2023 and July 31, 2022, the Company had 32,746,149 and 32,491,671 shares of common stock issued and outstanding, respectively.

As of April 30, 2023 and July 31, 2022, the Company had 226,000 and 226,000 shares of Series A Preferred Stock issued and outstanding, respectively.

As of April 30, 2023 and July 31, 2022, the Company had 0 and 0 shares of Series B Preferred Stock issued and outstanding, respectively.

As of April 30, 2023 and July 31, 2022, the Company had 300 and 300 shares of Series C Preferred Stock issued and outstanding, respectively.

On September 1, 2022 the Company issued 700,000 shares of common stock for services valued at $21,280.

On October 14, 2022 the Company cancelled 445,522 shares of common stock pursuant to a legal order.

On December 12, 2022, the Company entered into an agreement whereas, the Company agreed to issue 5000,000 shares of common stock and 600,000 one-year warrants exercisable at $0.25 per shares for services valued at $65,890. As of the date of filing the shares have been not been issued and were recorded to stock payable.

11. SUBSEQUENT EVENTS

In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to April 30, 2023 to the date these financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Rule 175 of the Securities Act of 1933, as amended, and Rule 3b-6 of the Securities Act of 1934, as amended, that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our industry, our beliefs and our assumptions. Words such as “anticipate,” “expects,” “intends,” “plans,” “believes,” “seeks” and “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this Form 10-K. Investors should carefully consider all of such risks before making an investment decision with respect to the Company’s stock. The following discussion and analysis should be read in conjunction with our consolidated financial statements and summary of selected financial data for THC Therapeutics, Inc. Such discussion represents only the best present assessment from our Management.

Overview

THC Therapeutics, Inc. (the “Company”), was incorporated in the State of Nevada on May 1, 2007, as Fairytale Ventures, Inc., and later changed its name to Aviation Surveillance Systems, Inc. and Harmonic Energy, Inc. On January 23, 2017, the Company changed its name to THC Therapeutics, Inc. THC Therapeutics, Inc., together with its subsidiaries, is collectively referred to herein as the “Company,” and “THC Therapeutics.”

The Company is focused on developing a sanitizing herb dryer, the dHydronator®, which has been specifically designed for the drying and sanitizing (i.e., reducing the bacterial count) of freshly harvested cannabis, and other herbs, flowers, and tea leaves.

Corporate History

THC Therapeutics, Inc., was incorporated in the State of Nevada on May 1, 2007, as Fairytale Ventures, Inc., and later changed its name to Aviation Surveillance Systems, Inc. and Harmonic Energy, Inc. On January 23, 2017, the Company changed its name to THC Therapeutics, Inc. On January 17, 2018, the Company changed its name to Millennium BlockChain Inc. On September 28, 2018, the Company changed its name back to THC Therapeutics, Inc.

The Company’s fiscal year end is July 31^st, its telephone number is (702) 602-8422, and the address of its principal executive office is 11700 W Charleston Blvd. #73, Las Vegas, Nevada, 89135.

Description of Business

The Company is focused on operations in the wellness industry. The Company is developing a sanitizing herb dryer, the dHydronator®, with multiple design, function, and usage patents. This innovative, laboratory-proven product is specifically designed for the drying and sanitizing (i.e., reducing the bacterial count by using ultraviolet light) of freshly harvested cannabis, and other herbs, flowers, and tea leaves. The dHydronator® can reduce moisture content of cannabis to 10-15% in only 10-14 hours. Traditional herbal drying times can take up to two weeks.

Wellness Operations

THC Therapeutics is focused on the wellness industry, with plans to develop a patented herb dryer.

The Company is developing a sanitizing herb dryer, the dHydronator®, with multiple design, function, and usage patents. This innovative, laboratory-proven¹ product is specifically designed for the drying and sanitizing (i.e., reducing the bacterial count by using ultraviolet light) of freshly harvested cannabis, and other herbs, flowers, and tea leaves. The dHydronator® can reduce moisture content of cannabis to 10-15% in only 10-14 hours. Traditional herbal drying times can take up to two weeks. The dHydronator® can also significantly reduce the bacterial count of the cannabis during the drying process, but it will not eliminate all bacteria from the cannabis or other plant materials.

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The Company has a functioning prototype of the dHydronator® similar in design to that shown below, which is now protected by a patent with the United States Patent and Trademark Office (see “Patent, Trademark, License & Franchise Restrictions and Contractual Obligations & Concessions” below), and once the Company has sufficient funds available, the Company plans to source parts for serial manufacturing and negotiate and secure serial manufacturing and assembly. The Company also plans to hire sales and marketing staff as funds are available.

¹Tests were conducted in 2016-2017 by independent cannabis-testing labs: first by CannLabs on the first-generation dHydronator® prototype, and later by Digipath Labs on the second-generation prototype. Optimal cannabis moisture content is 8-12%. The initial testing by CannLabs showed that (i) moisture content across five wet cannabis samples was reduced to an average moisture content of 13.81% with a standard deviation of 4.04% after 12 hours of drying, and 8.86% with a standard deviation of 2.25% after 16 hours of drying, and (ii) after autoclaving cannabis flowers to ensure sterility and then spiking multiple samples with 100 CFU of E. Coli and Salmonella bacteria and Aspergillus niger mold, testing for the presence of the bacteria and mold by both quantitative polymerase chain reaction (qPCR) and traditional plating methods, which testing concluded that the dHydronator® prototype eliminated or reduced the bacteria and mold contamination, but did not quantify the results. The subsequent testing by Digipath Labs on the second-generation prototype covered multiple strains and independent tests to confirm the prior findings. The strains tested were Lucy Diamond, Cotton Candy, Blue Dream, Kings Cut, Pot of Gold and Diablo. The optimal drying time was determined to be 10-14 hours in the first test. The Company’s proprietary sanitizing technology brought the failing TAC (total aerobic count) from over 300,000 CFU/g down to 78,000 CFU/g (anything less than 100,000 CFU/g is considered “passing”) in the second test. In the third test, after drying 14 hours and 15.5 hours in the dHydronator® and using the Company’s proprietary sanitizing technology for a longer period than required, the moisture content had been reduced from 80% (at 0 hours) to 10.89% (at 14 hours) and 8.83% (at 15.5 hours), the THCA% had been reduced from 21.2% (at 0 hours) to 17.26% (at 14 hours) and 18.26% (at 15.5 hours), and the TAC had been reduced from 210,000 CFU/g (at 0 hours) to 1,500 CFU/g (at 14 hours) and 500 CFU/g (at 15.5 hours). In the fourth experiment, after 12 hours and 15.5 hours of drying in the dHydronator® and using the proprietary sanitizing technology for a longer period than required, the moisture content had reduced from 80% to 12.00% (at 12 hours) and 7.44% (at 15.5 hours), the THCA% had been reduced from 21.2% to 20.08% (at 12 hours) and 19.43% (at 15.5 hours), and the TAC had been reduced from 190,000 CFU/g to 51,000 CFU/g (at 12 hours) and 2,300 CFU/g (at 15.5 hours). After 14 hours of drying, the moisture content had been reduced to 8.15%, the THCA% had been reduced to 19.82%, and the TAC had been reduced to 21,000 CFU/g. In the fifth test, prior moisture and THCA% results were tested, but this time using the Company’s proprietary sanitizing technology for a much shorter time period, using two samples of a different cannabis strain, and testing the expanded cannabinoid profile data of each sample, and after 12 hours of drying two different samples, moisture content for the two samples decreased from 74% and 74% to 9.17% and 9.90%, respectively, and THCA% increased from 14.45% and 14.94% before drying to 16.81% and 17.2%, respectively, after 12 hours of drying. Test six was a test of the same strain as test five but using a different lot of plant material, and moisture content decreased from 81% to 11.5% after 12 hours of drying, while TCHA% increased from 21.28% to 22.6% after 12 hours of drying. The seventh through ninth tests confirmed prior results.

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More specifically, once we have at least $2,000,000 in in available cash flow or funds from other operations and if we receive the patent, we intend to engage in further development efforts as follows: (i) finalizing case design, with an estimated tooling expense of approximately $300,000-$500,000; manufacturing pre-production units for field testing and presentation to potential partners and distributors, with an estimated expense of $250,000; (iii) hiring a subject-matter expert and consultants or employees in the home herb garden and legal cannabis marketplace to manage the development and sales of herb dryer, with an estimated expense of $400,000 for 12 months; (iv) engaging in further detailed laboratory of our herb drying with respect to cannabis plants and home herb garden plants, with an estimated expense of $50,000 to $100,000 for 12 months; (v) establishing a relationship with a market research and/or marketing company to explore creative strategies, advertising concepts, and consumer opinion, explore applications of our intellectual property in the existing wholesale and retail distribution channels for home herb, garden products and legal cannabis markets, and determine the best path for sales, distribution and licensing of our intellectual property, with an estimated expense of $1,000,000 for 12 months.

Competition

There are a number of commercial herb dryers sold by competitors, including Yofumo Technologies, which are already commercially available, and which have significant market share. There is no assurance that we will be able to compete effectively with any of these competitors.

Market Opportunity

The Company’s herb dryer, the dHydronator®, safely lowers moisture content and sanitizes without harm to the integrity of the plant. Our test results have been proven to dry cannabis in less than 14 hours verses up to 14 days using traditional drying methods. Test results indicate the removal of many surface germs and bacteria including powder mold, dust mites and spider mites from herbs, plants, the surface of glass or ceramic herbal tea accessories, and any other object that fits safely in the drying chamber. Therefore, we believe that our product will be attractive to the cannabis and home herb and garden product markets.

Marketing Strategy

We plan to attend regional cannabis-related trade shows and offer field testing to legal cannabis growers and suppliers in the United States and Canada initially, and throughout the world once the technology has been adopted in the regional market. We also plan to establish a relationship with a market research and marketing company to explore creative strategies, advertising concepts, consumer opinion, existing distribution and sales channels and potential licensing of our intellectual property, to determine the best path for sales and distribution. We also intend to hire subject matter expert consultants or employees in the legal cannabis and home herb marketplace to manage the development and sales of our products. Once our marketing experts identify an herbal or commercial agriculture niche or venue to enter or solicit, we will market to distributors and retailers via trade shows and direct contact.

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Customers

Due to the nature of its business and its focus on development of its patent-pending herb dryer, the Company does not currently have any customers.

Patent, Trademark, License & Franchise Restrictions and Contractual Obligations & Concessions

The Company has acquired the exclusive intellectual property rights to the dHydronator® sanitizing plant dryer with improved convection flow from the Company’s CEO and Director, Brandon Romanek. Mr. Romanek’s father irrevocably assigned those intellectual property rights to Mr. Romanek in 2016. A trademark application for the mark “dHyrdonator” has been filed (serial no. 86874611), and a patent application was filed with the United States Patent and Trademark Office (“USPTO”), docket number 5503.101 (application nos. 15/467,722 and 62/312,327), for 20 separate herb dryer design, function, and usage patents. On or about July 20, 2018, the Company’s patent counsel received a Notification of Allowance from the USPTO, notifying the Company that the USPTO would be allowing all 20 claims, and on or about November 20, 2018, the USPTO granted the final patent (patent no. 10,132,56), the Company was subsequently notified of the patent grant, and the patent has been recorded with the USPTO as being assigned to the Company.

Governmental Regulations

We do not believe the dHydronator® will be subject to regulation by the U.S. Food and Drug Administration or any other government agency (other than pursuant to general laws governing truth in advertising or similar laws under the purview of the Federal Trade Commission). We believe that we are currently in compliance with all laws which govern our operations and have no current liabilities thereunder. Our intent is to maintain strict compliance with all relevant laws, rules and regulations.

Employees

As of April 30, 2023, the Company has 1 employee

Reports to Security Holders

The Company intends to furnish its stockholders with annual reports containing consolidated financial statements audited by its independent registered public accounting firm and to make available quarterly reports containing unaudited consolidated financial statements for each of the first three quarters of each year. The Company files Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K with the Securities and Exchange Commission in order to meet its timely and continuous disclosure requirements. The Company may also file additional documents with the Commission if those documents become necessary in the course of its operations.

The public may read and copy any materials that the Company files with the SEC at the SEC’s Public Reference Room at 100 F Street, NE, Washington, D.C. 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The site address is www.sec.gov.

Available Information

All reports of the Company filed with the SEC are available free of charge through the SEC’s website at www.sec.gov. In addition, the public may read and copy materials filed by the Company at the SEC’s Public Reference Room located at 100 F Street, N.E., Washington, D.C. 20549. The public may also obtain additional information on the operation of the Public Reference Room by calling the Commission at 1-800-SEC-0330.

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Results of Operations

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the financial statements and notes thereto for the three months ended April 30, 2023, and related management discussion herein.

Our financial statements are stated in U.S. Dollars and are prepared in accordance with generally accepted accounting principles of the United States (“GAAP”).

Going Concern Qualification

Several conditions and events cast substantial doubt about the Company’s ability to continue as a going concern. The Company has incurred cumulative net losses of $38,391,004 since its inception and requires capital for its contemplated operational and marketing activities to take place. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern.

For the Three Months Ended April 30, 2023 and 2022:

Our operating results for the three months ended April 30, 2023 and 2022, and the changes between those periods for the respective items are summarized as follows:

	Three months ended
	April 30,						Change
	2023			2022			Amount		Percentage
Operating loss	$	(58,020	)	$	(123,529	)	$	65,509	(53	%)
Other income	$	152,375		$	(508,749	)	$	661,124	(130	%)
Net income (loss)	$	94,355		$	(632,278	)	$	726,633	(115	%)

Revenues

We did not earn any revenues during the three months ending April 30, 2023 and 2022, respectively. We do not anticipate earning significant revenues until such time that we have fully developed our business strategy and launched sales of our dHydronator® product.

Operating Income (Loss)

Our loss from operations decreased to $65,509 during the three months ending April 30, 2023, from an operating loss of $123,529 in the comparative period ending April 30, 2022. The following table presents operating expenses for the three-month periods ending April 30, 2023 and 2022:

	Three months ended
	April 30,				Change
	2023		2022		Amount			Percentage
Professional fees	$	7,159	$	43,148	$	(35,989	)	(83		%)
Consulting fees		500		-		500			100	%
Salaries and wages		46,937		46,937		-			0	%
General and administrative expenses		3,424		33,444		(30,020	)	(90		%)
Total operating expenses	$	58,020	$	123,529	$	(65,509	)	(53		%)

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We realized a decrease of $500 in consulting fees during the three months ended April 30, 2023, as compared to the same period in the prior fiscal year, primarily due to a decrease in consulting services. We realized a decrease of $30,020 in general and administrative expenses during the three months ended April 30, 2023, as compared to the same period in the prior fiscal year, primarily due to a decrease in travel and rent costs.

Other Income (Expense)

The following table presents other income and expenses for the three months ended April 30, 2023 and 2022:

	Three months ended
	April 30,						Change
	2023			2022			Amount		Percentage
Gain/(loss) on change in derivative liability	$	171,604		$	(467,005	)	$	638,609	(137	)%
Interest Expense		(19,229	)		(41,744	)		22,515	(54	)%
Total other income (expense)	$	152,375		$	(508,749	)	$	661,124	(130	)%

Gain on change in derivative liability increased by $638,609 during the three months ended April 30, 2023, as compared to the same period in the prior fiscal year, due to change in derivative liabilities caused by fluctuations in the price of our common stock between reporting periods. Interest expense decreased by $22,515 during the three months ended April 30, 2023, as compared to the same period in the prior fiscal year, due to related party debt settled with physical silver assets.

Net loss

Net income increased to $152,375 during the three months ended April 30, 2023, from a net loss of ($632,278) in the same period in the prior fiscal year due to the factors discussed above.

For the Nine Months Ended April 30, 2023 and 2022:

Our operating results for the nine months ended April 30, 2023 and 2022, and the changes between those periods for the respective items are summarized as follows:

	Nine months ended
	April 30,						Change
	2023			2022			Amount		Percentage
Operating loss	$	(439,261	)	$	(1,213,159	)	$	773,898	(64	)%
Other expense	$	85,166		$	(658,016	)	$	743,182	(113	)%
Net loss	$	(354,095	)	$	(1,871,175	)	$	1,517,080	(81%)	)%

Revenues

We did not earn any revenues during the six months ending April 30, 2023 and 2022, respectively. We do not anticipate earning significant revenues until such time that we have fully developed our business strategy and launched sales of our dHydronator® product.

Operating Income (Loss)

Our loss from operations decreased to $773,898 during the nine months ending April 30, 2023, from an operating loss of $1,213,159 in the comparative period ending April 30, 2022. The following table presents operating expenses for the nine-month periods ending April 30, 2023 and 2022:

	Nine months ended
	April 30,				Change
	2023		2022		Amount			Percentage
Professional fees	$	141,536	$	161,459	$	(19,923	)	(12	)%
Consulting fees		87,670		487,715		(400,045	)	(82	)%
Salaries and wages		140,812		415,380		(274,568	)	(66	)%
General and administrative expenses		69,243		148,605		(79,362	)	(53	)%
Total operating expenses	$	439,261	$	1,213,159	$	(773,898	)	(64	)%

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We realized a decrease of $400,045 in consulting fees during the nine months ended April 30, 2023, as compared to the same period in the prior fiscal year, primarily due to a decrease in consulting services. We realized a decrease of $274,568 in salaries and wages expenses during the nine months ended April 30, 2023, as compared to the same period in the prior fiscal year, due to the resignation of our COO. We realized a decrease of $79,362 in general and administrative expenses during the nine months ended April 30, 2023, as compared to the same period in the prior fiscal year, primarily due to a decrease in travel and rent costs.

Other Income (Expense)

The following table presents other income and expenses for the nine months ended April 30, 2023 and 2022:

	Nine months ended
	April 30,						Change
	2023			2022			Amount		Percentage
Gain/(loss) on change in derivative liability	$	142,268		$	(545,556	)	$	687,824	(126		)%
Gain on settlement of debt		2,310			-			2,310		100	%
Interest Expense		(59,412	)		(112,460	)		53,048	(47		)%
Total other income (expense)	$	85,166		$	(658,016	)	$	743,182	(113		)%

Gain on change in derivative liability decreased by $687,824 during the nine months ended April 30, 2023, as compared to the same period in the prior fiscal year, due to change in derivative liabilities caused by fluctuations in the price of our common stock between reporting periods. Interest expense decreased by $53,048 during the nine months ended April 30, 2023, as compared to the same period in the prior fiscal year, due to a reduction in debt.

Net loss

Net income increased to $1,517,080 during the nine months ended April 30, 2023, from a net loss of $1,871,175 in the same period in the prior fiscal year due to the factors discussed above.

Liquidity and Capital Resources

Based upon our current financial condition, we do not have sufficient cash to operate our business at the current level for the next twelve months. We intend to fund operations through sales of our herb dryer and debt and/or equity financing arrangements, which may be insufficient to fund expenditures or other cash requirements. We plan to seek additional financing in a private equity offering to secure funding for operations. There can be no assurance that we will be successful in raising additional funding. If we are not able to secure additional funding, the implementation of our business plan will be impaired. There can be no assurance that such additional financing will be available to us on acceptable terms or at all.

Working Capital

The following table presents our working capital position as of April 30, 2023, and July 31, 2022:

	April 30,			July 31,
	2023			2022
Cash and cash equivalents	$	15		$	32
Prepaid expenses		970			40,656
Current assets	$	985		$	40,713
Current liabilities		3,190,238			3,216,868
Working capital deficit	$	(3,189,253	)	$	(3,176,155	)

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The change in working capital during the six months ended April 30, 2023, was primarily due to an increase in current liabilities due to an increase in derivative liabilities as well as an increase in accounts payable. Current assets also increased primarily due to borrowing from related parties.

Cash Flow

We fund our operations with cash received from advances from officers and related parties, debt, and issuances of equity.

The following tables presents our cash flow for the nine months ended April 30, 2023 and 2022:

	Nine months ended
	April 30,
	2023			2022
Cash Flows Used in Operating Activities	$	(85,385	)	$	(395,364	)
Cash Flows Used in Investing Activities		-			-
Cash Flows Provided by Financing Activities		85,368			103,051
Net increase (decrease) in Cash During Period	$	(17	)	$	(292,313	)

Cash Flows from Operating Activities

We did not generate positive cash flows from operating activities for the six months ended April 30, 2023.

For the nine months ended April 30, 2023, net cash flows used in operating activities consisted of a net loss of $354,095, increased by depreciation of $1,042, loss on change in derivative liabilities of $142,268, stock-based compensation of $87,170, and a net decrease in change of operating assets and liabilities of 325,076, offset by a gain on settlement of debt of $2,310. For the nine months ended April 30, 2022, net cash flows used in operating activities consisted of a net loss of $1,871,175, increased by depreciation of $11,453, amortization of debt discounts of $14,682, loss on change in derivative liabilities of $545,556, stock-based compensation of $440,048, and a net decrease in change of operating assets and liabilities of $446,072.

Cash Flows from Investing Activities

For the six months ended April 30, 2023 and 2022, no cashflows were used in investing activities.

Cash Flows from Financing Activities

For the nine months ended April 30, 2023, we received $35,960 from advances from related parties, $100,000 from the sale of common stock, and used $50,592 for net repayments on related party advances. For the nine months ended April 30, 2022, we received $63,168 from advances from related parties, $147,000 from the sale of common stock, $25,000 from the issuance of convertible notes payable, and used $34,617 and $97,500 for net repayments on related party advances and repurchase of common stock respectively.

Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures

The Securities and Exchange Commission defines the term “disclosure controls and procedures” to mean the company’s controls and other procedures of an issuer that are designed to ensure that information required to be disclosed in the reports that it files or submits under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. The Company maintains such a simple system of controls and procedures in an effort to ensure that all information which it is required to disclose in the reports it files under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified under the SEC’s rules and forms and that information required to be disclosed is accumulated and communicated to principal executive and principal financial officers to allow timely decisions regarding disclosure.

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our chief executive officer and chief financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were not effective to provide reasonable assurance of achieving the objectives of timely alerting them to material information required to be included in our periodic SEC reports and of ensuring that such information is recorded, processed, summarized and reported with the time periods specified. Our chief executive officer and chief financial officer also concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this report to provide reasonable assurance of the achievement of these objectives.

Changes in Internal Control over Financial Reporting

There were no changes in the Company’s internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rule 13a-15 or 15d-15 of the Exchange Act that occurred during the quarter ended April 30, 2023, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

On or about January 5, 2021, another Company lender, Iliad Research and Trading, L.P. (“Iliad”), sent a demand letter to the Company regarding the Company’s alleged default under its promissory note issued to Iliad. The Company retained litigation counsel in Nevada and responded, and Iliad sued the Company in the fall of 2021 in Utah, where Iliad is domiciled (case no. 210000342 filed in the Third Judicial Court of Salt Lake City, Utah). In December of 2021, the Company was improperly served, Iliad subsequently received a default judgment, and the Company then filed a motion to set aside the judgment, which motion was granted by the court on or about May 9, 2022. The Company intends to vigorously defend the action, and on or about May 31, 2022, removed the case to United States District Court for the District of Utah (case no. 2:22-cv-00367-DAO). The Company subsequently filed a motion to stay arbitration as demanded by Iliad and filed an Answer and Counterclaim against Iliad. The case was later remanded back to Utah state court, and the judge ordered the matter to be arbitrated. In 2023, the parties agreed to have Paul Moxley arbitrate the dispute. In the arbitration, the Company is both defending against Iliad’s claims and pursuing counterclaims against Iliad. The matter was previously scheduled for trial in February 2024, but the parties are in the process of identifying new 2024 trial dates. The Company also filed a renewed motion to stay arbitration, which is pending in Utah state court.

ITEM 1A. RISK FACTORS.

Not applicable.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

On September 1, 2022 the Company issued 700,000 shares of common stock for services valued at $21,280.

On October 14, 2022 the Company cancelled 445,522 shares of common stock pursuant to a legal order.

On October 14, 2022 the Company issued 2,000,000 shares of common stock and 1,000,000 warrants exercisable at $0.25 per shares for $100,000. As of the date of filing the shares have been not been issued and were recorded to stock payable.

On December 12, 2022, the Company entered into an agreement whearas the Company agreed to issue 5000,000 shares of common stock and 600,000 one-year warrants exercisable at $0.25 per shares for services valued at $65,890. As of the date of filing the shares have been not been issued and were recorded to stock payable.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

None.

ITEM 5. OTHER INFORMATION.

None.

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ITEM 6. EXHIBITS.

Exhibit		Description

3.1		Bylaws (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 3.1 thereto)

3.2		Articles of Incorporation filed May 1, 2007 (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 3.2 thereto)

3.3		Articles of Amendment filed January 23, 2017 (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 3.3 thereto)

3.4		Articles of Amendment filed January 17, 2018 (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 3.4 thereto)

3.5		Certificate of Designation for Series A Preferred Stock filed January 24, 2017 (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 3.5 thereto)

3.6		Certificate of Designation for Series B Preferred Stock May 12, 2017 (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 3.6 thereto)

3.7		Amended Certificate of Designation for Series B Preferred Stock filed June 5, 2017 (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 3.7 thereto)

3.8		Articles of Amendment filed September 28, 2018 (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 3.8 thereto)

10.1		Asset Purchase Agreement with Brandon Romanek dated January 20, 2017 (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 10.1 thereto)

10.2		Patent Assignment by and between Harvey Romanek and Brandon Romanek dated November 7, 2016 (incorporated by reference to Registration Statement on Form 10/A filed on October 4, 2019; File No. 000-55994; Exhibit 10.2 thereto)

10.3		Patent Assignment Confirmation and Release by Brandon Romanek (incorporated by reference to Registration Statement on Form 10/A filed on October 4, 2019; File No. 000-55994; Exhibit 10.3 thereto)

10.4		Patent Assignment Confirmation and Release by Harvey Romanek (incorporated by reference to Registration Statement on Form 10/A filed on October 4, 2019; File No. 000-55994; Exhibit 10.4 thereto)

10.5		Asset Purchase Agreement with Urban Oasis Float Center, LLC dated June 1, 2017 (incorporated by reference to Registration Statement on Form 10/A filed on April 8, 2019; File No. 000-55994; Exhibit 10.2 thereto)

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10.6		Amended Employment Agreement with Brandon Romanek February 1, 2019 (incorporated by reference to Form 10/A filed on August 22, 2019, File No. 000-55994; Exhibit 10.4 thereto)

10.7		Employment Agreement with Joshua Halford dated June 15, 2019 (incorporated by reference to Registration Statement on Form 10/A filed on July 8, 2019; File No. 000-55994; Exhibit 10.5 thereto)

21		Subsidiaries (incorporated by reference to Registration Statement on Form 10 filed on October 19, 2018; File No. 000-55994; Exhibit 21 thereto)

31.1*		Certification of Principal Executive Officer and Principal Accounting Officer required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1*		Certification of Principal Executive Officer and Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18 U.S.C. 63

101.INS**		Inline XBRL Instance Document

101.SCH**		Inline XBRL Taxonomy Extension Schema Document

101.CAL**		Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF**		Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB**		Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE**		Inline XBRL Taxonomy Extension Presentation Linkbase Document

104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

____________

* Filed herewith.

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	THC THERAPEUTICS, INC.

Date: January 9, 2024	By:	/s/ Scott Cox
		Scott Cox
		Interim Chief Executive Officer

nullnull

Cover - shares	9 Months Ended
Cover - shares	Apr. 30, 2023	Dec. 22, 2023
Cover [Abstract]
Entity Registrant Name	THC Therapeutics, Inc.
Entity Central Index Key	0001404935
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	No
Document Period End Date	Apr. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		34,206,149
Entity File Number	000-55994
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	26-0164981
Entity Address Address Line 1	11700 W Charleston Blvd. #73
Entity Address City Or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address Postal Zip Code	89135
City Area Code	833
Local Phone Number	420-8428
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	No

CONSOLIDATED BALANCE SHEETS - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Current assets
Cash	$ 15	$ 32
Prepaid expenses	970	40,656
Inventory	0	25
Total current assets	985	40,713
Physical silver assets	0	152,785
Intangible assets, net	12,361	13,403
Total assets	13,346	206,901
Current liabilities
Accounts payable and accrued liabilities	1,863,069	1,580,689
Accrued expenses - related party	4,330	16,807
Advances from related parties	59,606	144,632
Notes payable, net	25,000	25,000
Convertible notes payable	576,028	576,028
Convertible notes payable- related party	130,761	200,000
Derivative liability	531,444	673,712
Total current liabilities	3,190,238	3,216,868
Total liabilities	3,190,238	3,216,868
Commitments and Contingencies (See note 10)	100,000	100,000
Stockholders' deficit
Common stock; $0.001 par value; 500,000,000 shares authorized; 34,146,149 and 33,891,671 shares issued and outstanding as of April 30, 2023 and July 31, 2022, respectively	32,746	32,492
Stock payable	752,228	622,278
Stock receivable	(6,902,000)	(6,902,000)
Additional paid-in capital	41,230,912	41,173,946
Accumulated deficit	(38,391,004)	(38,036,909)
Total stockholders' deficit	(3,276,892)	(3,109,967)
Total liabilities and stockholders' deficit	13,346	206,901
Series A Preferred Stock [Member]
Stockholders' deficit
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 226,300 and 226,300 series A and B and C shares issued and outstanding as of April 30, 2023 and July 31, 2022, respectively	226	226
Series B Preferred Stock [Member]
Stockholders' deficit
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 226,300 and 226,300 series A and B and C shares issued and outstanding as of April 30, 2023 and July 31, 2022, respectively	0	0
Series C Preferred Stock [Member]
Stockholders' deficit
Preferred stock; $0.001 par value; 10,000,000 shares authorized; 226,300 and 226,300 series A and B and C shares issued and outstanding as of April 30, 2023 and July 31, 2022, respectively	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2023	Jul. 31, 2022
Common Stock, Shares Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	34,146,149	33,891,671
Common Stock, Shares Outstanding	34,146,149	33,891,671
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	226,300	226,300
Preferred Stock, Shares Outstanding	226,300	226,300
Series A Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	3,000,000	30,000,000
Preferred Stock, Shares Issued	226,000	226,000
Preferred Stock, Shares Outstanding	226,000	226,000
Series B Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	16,500	16,500
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Series C Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000	10,000
Preferred Stock, Shares Issued	300	300
Preferred Stock, Shares Outstanding	300	300

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)
Revenues	$ 0	$ 0	$ 0	$ 0
Cost of revenues	0	0	0	0
Gross profit	0	0	0	0
Operating expenses
Professional fees	7,159	43,148	141,536	161,459
Consulting fees	500	0	87,670	487,715
Salaries and wages	46,937	46,937	140,812	415,380
General and administrative	3,424	33,444	69,243	148,605
Total operating expenses	58,020	123,529	439,261	1,213,159
Loss from operations	(58,020)	(123,529)	(439,261)	(1,213,159)
Other income (expense)
Gain (loss) on derivative liability	171,604	(467,005)	142,268	(545,556)
Gain on settlement of debt	0	0	2,310	0
Interest expense	(19,229)	(41,744)	(59,412)	(112,460)
Total other income (expense)	152,375	(508,749)	85,166	(658,016)
Net income (loss)	$ 94,355	$ (632,278)	$ (354,095)	$ (1,871,175)
Basic loss per common share	$ 0.00	$ (0.02)	$ (0.01)	$ (0.06)
Basic weighted average common shares outstanding	32,746,149	32,491,671	32,746,149	33,497,983

CONSOLIDATED STATEMENTS OF STOCKHOLDERS DEFICIT (Unaudited) - USD ($)	Total	Preferred A Stocks [Member]	Preferred B Stock [Member]	Preferred C Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Stock Payable [Member]	Stock Receivable [Member]	Retained Earnings (Accumulated Deficit) [Member]
Balance, shares at Jul. 31, 2021		218,000		300	29,287,337
Balance, amount at Jul. 31, 2021	$ (2,477,326)	$ 218	$ 0	$ 0	$ 29,287	$ 40,254,257	$ 658,892	$ (6,902,000)	$ (36,517,980)
Conversion of preferred shares into common stock shares, shares		(5,000)			500,000
Conversion of preferred shares into common stock shares, amount	0	$ (5)	0	0	$ 500	(495)	0	0	0
Shares issued for cash, shares					3,533,334
Shares issued for cash, amount	0	0	0	0	$ 3,533	213,967	(217,500)	0	0
Shares and warrants issued for services, shares					116,500
Shares and warrants issued for services, amount	35,429	0	0	0	$ 117	20,581	14,731	0	0
Net loss	(486,437)	$ 0	0	$ 0	$ 0	0	0	0	(486,437)
Balance, shares at Oct. 31, 2021		213,000		300	33,437,171
Balance, amount at Oct. 31, 2021	(2,928,334)	$ 213	0	$ 0	$ 33,437	40,488,310	456,123	(6,902,000)	(37,004,417)
Shares and warrants issued for services, shares					469,500
Shares and warrants issued for services, amount	404,619	0	0	0	$ 470	410,234	(6,085)	0	0
Net loss	(752,460)	0	0	0	0	0	0	0	(752,460)
Shares issued for cash	135,000	0	0	0	$ 0	(25,000)	160,000	0	0
Shares cancelled, shares					(15,000)
Shares cancelled, amount	0	0	0	0	$ (15)	15	0	0	0
Repurchase of common stock, shares					(1,400,000)
Repurchase of common stock, amount	(92,500)	$ 0	0	$ 0	$ (1,400)	(96,100)	5,000	0	0
Balance, shares at Jan. 31, 2022		213,000		300	32,491,671
Balance, amount at Jan. 31, 2022	(3,233,675)	$ 213	0	$ 0	$ 32,492	40,777,459	615,038	(6,902,000)	(37,756,877)
Net loss	(632,278)	0							(632,278)
Shares issued for cash	12,000	0	0	0	0	0	12,000	0	0
Shares cancelled	0	0	0	0	0	0	0	0	0
Repurchase of common stock	(5,000)	$ 0	0	$ 0	$ 0	0	(5,000)	0	0
Balance, shares at Apr. 30, 2022		213,000		300	32,491,671
Balance, amount at Apr. 30, 2022	(3,858,953)	$ 213			$ 32,492	40,777,459	622,038	(6,902,000)	(38,389,155)
Balance, shares at Jul. 31, 2022		226,000		300	32,491,671
Balance, amount at Jul. 31, 2022	(3,109,967)	$ 226	0	$ 0	$ 32,492	41,173,946	622,278	(6,902,000)	(38,036,909)
Net loss	(2,134,302)	0	0	0	$ 0	0	0	0	(2,134,302)
Shares cancelled, shares					(445,522)
Shares cancelled, amount	0	0	0	0	$ (446)	446	0	0	0
Shares issued for services, shares					700,000
Shares issued for services, amount	21,280	$ 0	0	$ 0	$ 700	20,580	0	0	0
Balance, shares at Oct. 31, 2022		226,000		300	32,746,149
Balance, amount at Oct. 31, 2022	(5,222,989)	$ 226	0	$ 0	$ 32,746	41,194,972	622,278	(6,902,000)	(40,171,211)
Net loss	1,685,852	0	0	0	0	0	0	0	1,685,852
Shares issued for cash	100,000	0	0	0	0	0	100,000	0	0
Shares and warrants issued for services	65,890	$ 0	0	$ 0	$ 0	35,940	29,950	0	0
Balance, shares at Jan. 31, 2023		226,000		300	32,746,149
Balance, amount at Jan. 31, 2023	(3,371,247)	$ 226	0	$ 0	$ 32,746	41,230,912	752,228	(6,902,000)	(38,485,359)
Net loss	94,355	$ 0	0	$ 0	$ 0	0	0	0	94,355
Balance, shares at Apr. 30, 2023		226,000		300	32,746,149
Balance, amount at Apr. 30, 2023	$ (3,276,892)	$ 226	$ 0	$ 0	$ 32,746	$ 41,230,912	$ 752,228	$ (6,902,000)	$ (38,391,004)

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Cash Flows from Operating Activities
Net loss	$ (354,095)	$ (1,871,175)
Adjustments to reconcile net loss to net cash used by operating activities:
Loss (gain) on change in derivative liabilities	(142,268)	545,556
Amortization of debt discount	0	14,682
Stock based compensation	87,170	440,048
Gain on settlement of debt	(2,310)	0
Depreciation and amortization	1,042	11,453
Changes in operating assets and liabilities
Increase (decrease) in inventory	25	0
Increase (decrease) in prepaid assets	39,686	(38,898)
Increase (decrease) in accounts payable	282,380	480,997
Increase (decrease) in accounts payable related party	2,985	21,973
Net cash used in operating activities	(85,385)	(395,364)
Cash Flows from investing
Net cash used in investing activities	0	0
Cash Flows provided by Financing Activities
Proceeds from related party advances	35,960	63,168
Payments on related party advances	(50,592)	(34,617)
Proceeds from sale of common stock	100,000	147,000
Repurchase of common stock	0	(97,500)
Proceeds from convertible notes payable	0	25,000
Net cash provided by financing activities	85,368	103,051
Net decrease in Cash	(17)	(292,313)
Beginning cash balance	32	296,130
Ending cash balance	15	3,817
Supplemental disclosure of cash flow information
Cash paid for interest	0	0
Cash paid for tax	0	0
Supplemental schedule of noncash financing activities
Silver used to settle debt	$ 152,785	$ 0

DESCRIPTION OF BUSINESS AND HISTORY

9 Months Ended

Apr. 30, 2023

DESCRIPTION OF BUSINESS AND HISTORY

DESCRIPTION OF BUSINESS AND HISTORY

1. DESCRIPTION OF BUSINESS AND HISTORY

On January 17, 2018, the Company changed its name to Millennium Blockchain Inc.

On September 28, 2018, the Company changed its name back to THC Therapeutics, Inc.

THC Therapeutics, Inc., together with its subsidiaries, shall herein be collectively referred to as the “Company.”

BASIS OF PRESENTATION AND GOING CONCERN

9 Months Ended

Apr. 30, 2023

BASIS OF PRESENTATION AND GOING CONCERN

BASIS OF PRESENTATION AND GOING CONCERN

2. BASIS OF PRESENTATION AND GOING CONCERN

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated.

SUMMARY OF SIGNIFICANT POLICIES

9 Months Ended

Apr. 30, 2023

SUMMARY OF SIGNIFICANT POLICIES

SUMMARY OF SIGNIFICANT POLICIES

3. SUMMARY OF SIGNIFICANT POLICIES

Use of Estimates

Cash and Cash Equivalents

Concentration Risk

Revenue Recognition

Fair Value of Financial Instruments

The carrying amounts reflected in the balance sheets for cash, accounts payable and accrued expenses approximate the respective fair values due to the short maturities of these items.

The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of April 30, 2023:

	Level 1		Level 2		Level 3		Total
Assets
Physical Silver Assets	$	-	$	-	$	-	$	-
Liabilities
Derivative Financial Instruments	$	-	$	-	$	531,444	$	531,444

As of April 30, 2023, the Company’s stock price was $0.003, risk-free discount rate of 4.35% and volatility of 622.13%.

	Amount
Balance July 31, 2022	$	673,712
Derivative reclassed to additional paid in capital		-
Change in fair market value of derivative liabilities		(142,268	)
Balance April 30, 2023	$	531,444

Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of July 31, 2022:

	Level 1		Level 2		Level 3		Total
Assets
Physical Silver Assets	$	152,785	$	-	$	-	$	152,785
Liabilities
Derivative Financial Instruments	$	-	$	-	$	673,712	$	673,712

As of July 31, 2022, the Company’s stock price was $0.026, risk-free discount rate of 2.22% and volatility of 851.23%.

Goodwill and Intangible Assets

Long-Lived Assets

Income Taxes

Stock-Based Compensation

Earnings (Loss) Per Share

Advertising Costs

PHYSICAL SILVER ASSETS

9 Months Ended

Apr. 30, 2023

PHYSICAL SILVER ASSETS

PHYSICAL SILVER ASSETS

4. PHYSICAL SILVER ASSETS

INTANGIBLE ASSETS

9 Months Ended

Apr. 30, 2023

INTANGIBLE ASSETS

INTANGIBLE ASSETS

5. INTANGIBLE ASSETS

Intangible assets consist of the following as of April 30, 2023 and July 31, 2022:

	April 30, 2023			July 31, 2022
Patents and patents pending	$	19,699		$	19,699
Trademarks		1,275			1,275
Website and domain names		15,098			15,098
Less: accumulated depreciation		(23,711	)		(22,669	)
Intangible assets, net	$	12,361		$	13,403

Amortization expense for the nine months ended April 30, 2023 and 2022, was $1,042 and $2,503 respectively.

RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

6. RELATED PARTY TRANSACTIONS

ADVANCES FROM RELATED PARTIES

Advances from related parties consist of the following as of April 30, 2023:

	Principal as of		Nine months ending April 30, 2023					Principal as of		Accrued interest balance As of
	July 31, 2022		Funds advanced		Funds repaid			April 30, 2023		April 30, 2023
B. Romanek, President and CEO	$	74,239	$	35,960	$	(50,593	)	$	59,606	$	4,330
Shareholder Relative of our President and CEO		70,393		-		(70,393	)		-		-
TOTAL	$	144,632	$	35,960	$	(120,986	)	$	59,606	$	4,330

CONVERTIBLE NOTES PAYABLE RELATED PARTY

Further, the Company recognized a derivative liability of $387,232 and an initial loss of $187,232 based on the Black-Scholes pricing model.

On August 11, 2022 the Company settled $69,239 of the loan with the transfer of all physical silver assets. As of April 30, 2023, the balance of the note was $130,761.

CONVERTIBLE NOTES PAYABLE

9 Months Ended

Apr. 30, 2023

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE

7. CONVERTIBLE NOTES PAYABLE

Convertible Notes Payable at consists of the following:

	April 30,		July 31,
	2023		2022

On April 4, 2019, we entered into a master convertible promissory note pursuant to which we may borrow up to $250,000 in $50,000 tranches. On April 19, 2019, we borrowed the first tranche of $50,000, net of debt issuance costs and investor legal fees of $7,000, resulting in the Company receiving $43,000. On June 19, 2019, we borrowed the second tranche of $50,000, net of debt issuance costs and investor legal fees of $7,000, resulting in the Company receiving $43,000. On January 27, 2020, we borrowed the third tranche of $35,000, net of debt issuance costs and investor legal fees of $7,000, resulting in the Company receiving $30,500. On January 31, 2019, the lender converted $9,532 of principle and $500 of fees into 16,500 shares of common stock. On December 12, 2020, the lender converted $9,700 of principle and $500 of fees into 34,000 shares of common stock. On February 10, 2020, the lender converted $10,156 of principle and $500 of fees into 120,000 shares of common stock. On March 24, 2020, the lender converted $7,628 of principle and $500 of fees into 160,000 shares of common stock. On April 13, 2020, the lender converted $7,900 of principle and $500 of fees into 300,000 shares of common stock. On April 28, 2020, the lender converted $5,084 of principle, $500 of fees, and $5,000 of interest into 588,000 shares of common stock. On May 26, 2020, the lender converted $13,000 of principle, and $500 of fees into 750,000 shares of common stock. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on April 4, 2020. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a variable conversion price equal to the lesser of (i) the lowest Trading Price during the previous twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note or (ii) Variable Conversion Price of 60% multiplied by the lowest Trading Price for the Common Stock during the twenty-five (25) Trading Day period ending on the last complete Trading Day prior to the Conversion Date. The Company recorded debt discounts in the amount of $135,000 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of each tranche of the Note to be amortized utilizing the effective interest method of accretion over the term of each tranche of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $465,748 and an initial loss of $335,248 based on the Black-Scholes pricing model.		72,000		72,000
Unamortized debt discount		-		-
Total, net of unamortized discount		72,000		72,000


On June 20, 2019, we entered into a convertible promissory note pursuant to which we borrowed $291,108, net of an Original Issue Discount (“OID”) of $36,108 and investor legal expenses of $5,000 resulting in the Company receiving $250,000. On January 31, 2019, the lender converted $30,000 of principle into 170,940 shares of common stock. On March 27, 2020, the lender converted $30,000 of principle into 267,016 shares of common stock. On April 23, 2020, the lender converted $21,000 of principle into 210,108 shares of common stock. On April 23, 2020, the lender converted $30,000 of principle into 1,129,816 shares of common stock On May 28, 2020, the lender converted $35,000 of principle into 1,318,118 shares of common stock Interest under the convertible promissory note is 8% per annum, and the principal and all accrued but unpaid interest is due on June 20, 2020. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to $8.80 (the “Lender Conversion Price”). Additionally, after 6 months from the date the Company receives note funding, the noteholder has the right to demand whole or partial redemption of amounts owed to the noteholder under the note. Payments of redemption amounts by the Company to the noteholder can be made in cash or by converting the redemption amount into shares common stock of the Company, with such conversions occurring at the lower of (i) the Lender Conversion Price, or (ii) a price equal to the 65% of the two lowest Closing Trade Prices during the ten (10) Trading Day period immediately preceding the measurement date. The Company recorded a debt discount in the amount of $182,499 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $141,391 and an initial loss of $0 based on the Black-Scholes pricing model.	145,108	145,108
Unamortized debt discount	-	-
Total, net of unamortized discount	145,108	145,108

On February 20, 2020, we entered into a convertible promissory note pursuant to which we borrowed $135,680, net of an Original Issue Discount (“OID”) of $7,680 and investor legal expenses of $2,500 resulting in the Company receiving $125,500. On September 2, 2020, the lender converted $10,000 of principle into 242,718 shares of common stock On September 30, 2020, the lender converted $12,000 of principle into 476,190 shares of common stock On November 14, 2020, the lender converted $20,000 of principle into 938,967 shares of common stock. On December 1, 2020, the lender converted $20,000 of principle into 1,058,201 shares of common stock. The fair value of the derivative liability associated with the conversions for the nine months ended April 30, 2021 on the date of settlement of $16,244 was recorded to additional paid in capital. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on August 15, 2021. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to 71% of the average of the 2 lowest trading prices of the common stock during the 10 completed trading days prior to conversion date. The Company recorded a debt discount in the amount of $135,680 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $192,236 and an initial loss of $64,236 based on the Black-Scholes pricing model.	147,360	147,360
Unamortized debt discount	-	-
Total, net of unamortized discount	147,360	147,360

On March 26, 2020, we entered into a convertible promissory note pursuant to which we borrowed $3,000, net of legal expenses of $3,000 resulting in the Company receiving $0. Interest under the convertible promissory note is 0% per annum, and the principal and all accrued but unpaid interest is due on March 26, 2021. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to the average of the closing trading prices of the common stock during the 3 completed trading days prior to conversion date. The Company recorded a debt discount in the amount of $3,000 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $1,500 and an initial loss of $1,500 based on the Black-Scholes pricing model.		3,000		3,000
Unamortized debt discount		-		-
Total, net of unamortized discount		3,000		3,000

On May 1, 2020, we entered into a convertible promissory note pursuant to which we borrowed $100,000, net of consulting expenses of $100,000 resulting in the Company receiving $0. During the nine months ended April 30, 2021, the Company made cash payments of $25,000. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on May 1, 2021. The note is convertible at any date after the effective date at the noteholder’s option into shares of our common stock at a conversion price equal to 65% of the average of the six lowest closing prices in the 10 trading days prior to the conversion. The Company recorded a debt discount in the amount of $64,888 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $64,888 based on the Black-Scholes pricing model.		75,000		75,000
Unamortized debt discount		-		-
Total, net of unamortized discount		75,000		75,000

On May 7, 2020, we entered into a convertible promissory note pursuant to which we borrowed $66,780, net of an Original Issue Discount (“OID”) of $3,780 and investor legal expenses of $3,000 resulting in the Company receiving $60,000. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on October 29, 2021. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to 71% of the average of the 2 lowest trading prices of the common stock during the 10 completed trading days prior to conversion date. The Company recorded a debt discount in the amount of $66,780 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $138,172 and an initial loss of $134,237 based on the Black-Scholes pricing model.		133,560		133,560
Unamortized debt discount		(-)		-
Total, net of unamortized discount		133,560		133,560
Total notes payable, net of unamortized discount	$	576,028	$	576,028

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Apr. 30, 2023

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

8. COMMITMENTS AND CONTINGENCIES

STOCK WARRANTS

9 Months Ended

Apr. 30, 2023

STOCK WARRANTS

STOCK WARRANTS

9. STOCK WARRANTS

The following is a summary of warrant activity during the nine months ended April 30, 2023.

	Number of Shares		Weighted Average Exercise Price
Balance, July 31, 2022		2,610,379	$	1.26
Warrants granted and assumed		1,600,000	$	0.25
Warrants expired		-		-
Warrants canceled		-		-
Warrants exercised		-		-
Balance outstanding and exercisable, April 30, 2023		4,210,379	$	1.26

SHAREHOLDERS DEFICIT

9 Months Ended

Apr. 30, 2023

SHAREHOLDERS DEFICIT

SHAREHOLDERS' DEFICIT

10. SHAREHOLDERS’ DEFICIT

The Company’s authorized capital stock consists of 500,000,000 shares of $0.001 par value common stock and 10,000,000 shares of $0.001 par value preferred stock.

As of April 30, 2023 and July 31, 2022, the Company had 32,746,149 and 32,491,671 shares of common stock issued and outstanding, respectively.

As of April 30, 2023 and July 31, 2022, the Company had 226,000 and 226,000 shares of Series A Preferred Stock issued and outstanding, respectively.

As of April 30, 2023 and July 31, 2022, the Company had 0 and 0 shares of Series B Preferred Stock issued and outstanding, respectively.

As of April 30, 2023 and July 31, 2022, the Company had 300 and 300 shares of Series C Preferred Stock issued and outstanding, respectively.

On September 1, 2022 the Company issued 700,000 shares of common stock for services valued at $21,280.

On October 14, 2022 the Company cancelled 445,522 shares of common stock pursuant to a legal order.

SUBSEQUENT EVENTS

9 Months Ended

Apr. 30, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT POLICIES (Policies)

9 Months Ended

Apr. 30, 2023

SUMMARY OF SIGNIFICANT POLICIES

Use of Estimates

Cash and Cash Equivalents

Concentration Risk

Revenue Recognition

Fair Value of Financial Instruments

The carrying amounts reflected in the balance sheets for cash, accounts payable and accrued expenses approximate the respective fair values due to the short maturities of these items.

The three levels of the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of April 30, 2023:

	Level 1		Level 2		Level 3		Total
Assets
Physical Silver Assets	$	-	$	-	$	-	$	-
Liabilities
Derivative Financial Instruments	$	-	$	-	$	531,444	$	531,444

As of April 30, 2023, the Company’s stock price was $0.003, risk-free discount rate of 4.35% and volatility of 622.13%.

	Amount
Balance July 31, 2022	$	673,712
Derivative reclassed to additional paid in capital		-
Change in fair market value of derivative liabilities		(142,268	)
Balance April 30, 2023	$	531,444

Financial assets and liabilities measured at fair value on a recurring basis are summarized below as of July 31, 2022:

	Level 1		Level 2		Level 3		Total
Assets
Physical Silver Assets	$	152,785	$	-	$	-	$	152,785
Liabilities
Derivative Financial Instruments	$	-	$	-	$	673,712	$	673,712

As of July 31, 2022, the Company’s stock price was $0.026, risk-free discount rate of 2.22% and volatility of 851.23%.

Goodwill and Intangible Assets

Long-Lived Assets

Income Taxes

Stock-Based Compensation

Earnings (Loss) Per Share

Advertising Costs

SUMMARY OF SIGNIFICANT POLICIES (Table)

9 Months Ended

Apr. 30, 2023

SUMMARY OF SIGNIFICANT POLICIES

Schedule of Fair value of Assets and Liabilities

	Level 1		Level 2		Level 3		Total
Assets
Physical Silver Assets	$	-	$	-	$	-	$	-
Liabilities
Derivative Financial Instruments	$	-	$	-	$	531,444	$	531,444

Fair Value Assets And Liabilities Measured On Recurring Basis

	Amount
Balance July 31, 2022	$	673,712
Derivative reclassed to additional paid in capital		-
Change in fair market value of derivative liabilities		(142,268	)
Balance April 30, 2023	$	531,444

Summary Of Change In Fair Value On Recurring Basis

	Level 1		Level 2		Level 3		Total
Assets
Physical Silver Assets	$	152,785	$	-	$	-	$	152,785
Liabilities
Derivative Financial Instruments	$	-	$	-	$	673,712	$	673,712

INTANGIBLE ASSETS (Tables)

9 Months Ended

Apr. 30, 2023

INTANGIBLE ASSETS

Schedule of Intangible assets

	April 30, 2023			July 31, 2022
Patents and patents pending	$	19,699		$	19,699
Trademarks		1,275			1,275
Website and domain names		15,098			15,098
Less: accumulated depreciation		(23,711	)		(22,669	)
Intangible assets, net	$	12,361		$	13,403

RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Apr. 30, 2023

RELATED PARTY TRANSACTIONS

Schedule Of Advances From Related Affiliate

	Principal as of		Nine months ending April 30, 2023					Principal as of		Accrued interest balance As of
	July 31, 2022		Funds advanced		Funds repaid			April 30, 2023		April 30, 2023
B. Romanek, President and CEO	$	74,239	$	35,960	$	(50,593	)	$	59,606	$	4,330
Shareholder Relative of our President and CEO		70,393		-		(70,393	)		-		-
TOTAL	$	144,632	$	35,960	$	(120,986	)	$	59,606	$	4,330

CONVERTIBLE NOTES PAYABLE (Tables)

9 Months Ended

Apr. 30, 2023

CONVERTIBLE NOTES PAYABLE

Schedule Of Convertible Notes Payable

	April 30,		July 31,
	2023		2022

On April 4, 2019, we entered into a master convertible promissory note pursuant to which we may borrow up to $250,000 in $50,000 tranches. On April 19, 2019, we borrowed the first tranche of $50,000, net of debt issuance costs and investor legal fees of $7,000, resulting in the Company receiving $43,000. On June 19, 2019, we borrowed the second tranche of $50,000, net of debt issuance costs and investor legal fees of $7,000, resulting in the Company receiving $43,000. On January 27, 2020, we borrowed the third tranche of $35,000, net of debt issuance costs and investor legal fees of $7,000, resulting in the Company receiving $30,500. On January 31, 2019, the lender converted $9,532 of principle and $500 of fees into 16,500 shares of common stock. On December 12, 2020, the lender converted $9,700 of principle and $500 of fees into 34,000 shares of common stock. On February 10, 2020, the lender converted $10,156 of principle and $500 of fees into 120,000 shares of common stock. On March 24, 2020, the lender converted $7,628 of principle and $500 of fees into 160,000 shares of common stock. On April 13, 2020, the lender converted $7,900 of principle and $500 of fees into 300,000 shares of common stock. On April 28, 2020, the lender converted $5,084 of principle, $500 of fees, and $5,000 of interest into 588,000 shares of common stock. On May 26, 2020, the lender converted $13,000 of principle, and $500 of fees into 750,000 shares of common stock. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on April 4, 2020. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a variable conversion price equal to the lesser of (i) the lowest Trading Price during the previous twenty-five (25) Trading Day period ending on the latest complete Trading Day prior to the date of this Note or (ii) Variable Conversion Price of 60% multiplied by the lowest Trading Price for the Common Stock during the twenty-five (25) Trading Day period ending on the last complete Trading Day prior to the Conversion Date. The Company recorded debt discounts in the amount of $135,000 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of each tranche of the Note to be amortized utilizing the effective interest method of accretion over the term of each tranche of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $465,748 and an initial loss of $335,248 based on the Black-Scholes pricing model.		72,000		72,000
Unamortized debt discount		-		-
Total, net of unamortized discount		72,000		72,000


On June 20, 2019, we entered into a convertible promissory note pursuant to which we borrowed $291,108, net of an Original Issue Discount (“OID”) of $36,108 and investor legal expenses of $5,000 resulting in the Company receiving $250,000. On January 31, 2019, the lender converted $30,000 of principle into 170,940 shares of common stock. On March 27, 2020, the lender converted $30,000 of principle into 267,016 shares of common stock. On April 23, 2020, the lender converted $21,000 of principle into 210,108 shares of common stock. On April 23, 2020, the lender converted $30,000 of principle into 1,129,816 shares of common stock On May 28, 2020, the lender converted $35,000 of principle into 1,318,118 shares of common stock Interest under the convertible promissory note is 8% per annum, and the principal and all accrued but unpaid interest is due on June 20, 2020. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to $8.80 (the “Lender Conversion Price”). Additionally, after 6 months from the date the Company receives note funding, the noteholder has the right to demand whole or partial redemption of amounts owed to the noteholder under the note. Payments of redemption amounts by the Company to the noteholder can be made in cash or by converting the redemption amount into shares common stock of the Company, with such conversions occurring at the lower of (i) the Lender Conversion Price, or (ii) a price equal to the 65% of the two lowest Closing Trade Prices during the ten (10) Trading Day period immediately preceding the measurement date. The Company recorded a debt discount in the amount of $182,499 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $141,391 and an initial loss of $0 based on the Black-Scholes pricing model.	145,108	145,108
Unamortized debt discount	-	-
Total, net of unamortized discount	145,108	145,108

On February 20, 2020, we entered into a convertible promissory note pursuant to which we borrowed $135,680, net of an Original Issue Discount (“OID”) of $7,680 and investor legal expenses of $2,500 resulting in the Company receiving $125,500. On September 2, 2020, the lender converted $10,000 of principle into 242,718 shares of common stock On September 30, 2020, the lender converted $12,000 of principle into 476,190 shares of common stock On November 14, 2020, the lender converted $20,000 of principle into 938,967 shares of common stock. On December 1, 2020, the lender converted $20,000 of principle into 1,058,201 shares of common stock. The fair value of the derivative liability associated with the conversions for the nine months ended April 30, 2021 on the date of settlement of $16,244 was recorded to additional paid in capital. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on August 15, 2021. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to 71% of the average of the 2 lowest trading prices of the common stock during the 10 completed trading days prior to conversion date. The Company recorded a debt discount in the amount of $135,680 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $192,236 and an initial loss of $64,236 based on the Black-Scholes pricing model.	147,360	147,360
Unamortized debt discount	-	-
Total, net of unamortized discount	147,360	147,360

On March 26, 2020, we entered into a convertible promissory note pursuant to which we borrowed $3,000, net of legal expenses of $3,000 resulting in the Company receiving $0. Interest under the convertible promissory note is 0% per annum, and the principal and all accrued but unpaid interest is due on March 26, 2021. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to the average of the closing trading prices of the common stock during the 3 completed trading days prior to conversion date. The Company recorded a debt discount in the amount of $3,000 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $1,500 and an initial loss of $1,500 based on the Black-Scholes pricing model.		3,000		3,000
Unamortized debt discount		-		-
Total, net of unamortized discount		3,000		3,000

On May 1, 2020, we entered into a convertible promissory note pursuant to which we borrowed $100,000, net of consulting expenses of $100,000 resulting in the Company receiving $0. During the nine months ended April 30, 2021, the Company made cash payments of $25,000. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on May 1, 2021. The note is convertible at any date after the effective date at the noteholder’s option into shares of our common stock at a conversion price equal to 65% of the average of the six lowest closing prices in the 10 trading days prior to the conversion. The Company recorded a debt discount in the amount of $64,888 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $64,888 based on the Black-Scholes pricing model.		75,000		75,000
Unamortized debt discount		-		-
Total, net of unamortized discount		75,000		75,000

On May 7, 2020, we entered into a convertible promissory note pursuant to which we borrowed $66,780, net of an Original Issue Discount (“OID”) of $3,780 and investor legal expenses of $3,000 resulting in the Company receiving $60,000. Interest under the convertible promissory note is 10% per annum, and the principal and all accrued but unpaid interest is due on October 29, 2021. The note is convertible at any date after the issuance date at the noteholder’s option into shares of our common stock at a conversion price equal to 71% of the average of the 2 lowest trading prices of the common stock during the 10 completed trading days prior to conversion date. The Company recorded a debt discount in the amount of $66,780 in connection with the original issuance discount, offering costs and initial valuation of the derivative liability related to the embedded conversion option of the Note to be amortized utilizing the effective interest method of accretion over the term of the Note. The aggregate debt discount has been accreted and charged to interest expenses as a financing expense in the amount of $0 during the nine months ended April 30, 2023. Further, the Company recognized a derivative liability of $138,172 and an initial loss of $134,237 based on the Black-Scholes pricing model.		133,560		133,560
Unamortized debt discount		(-)		-
Total, net of unamortized discount		133,560		133,560
Total notes payable, net of unamortized discount	$	576,028	$	576,028

STOCK WARRANTS (Tables)

9 Months Ended

Apr. 30, 2023

STOCK WARRANTS

Schedule of summary of warrant activity

	Number of Shares		Weighted Average Exercise Price
Balance, July 31, 2022		2,610,379	$	1.26
Warrants granted and assumed		1,600,000	$	0.25
Warrants expired		-		-
Warrants canceled		-		-
Warrants exercised		-		-
Balance outstanding and exercisable, April 30, 2023		4,210,379	$	1.26

BASIS OF PRESENTATION AND GOING CONCERN (Details Narrative) - USD ($)	9 Months Ended
	Apr. 30, 2023	Jul. 31, 2022
BASIS OF PRESENTATION AND GOING CONCERN
Cash	$ 15
Accumulated deficit	(38,391,004)	$ (38,036,909)
Net cash from operating activities	85,385
Net loss	$ (354,095)

SUMMARY OF SIGNIFICANT POLICIES (Details ) - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Physical silver assets	$ 0	$ 152,785
Derivative Financial Instruments	531,444	673,712
Level 1 [Member]
Physical silver assets	0	152,785
Derivative Financial Instruments	0	0
Level 2 [Member]
Physical silver assets	0	0
Derivative Financial Instruments	0	0
Level 3 [Member]
Physical silver assets	0	0
Derivative Financial Instruments	$ 531,444	$ 673,712

SUMMARY OF SIGNIFICANT POLICIES (Details 1)	9 Months Ended
SUMMARY OF SIGNIFICANT POLICIES (Details 1)	Apr. 30, 2023 USD ($)
SUMMARY OF SIGNIFICANT POLICIES
Beginning Balance	$ 673,712
Derivative reclassed to additional paid in capital	0
Change in fair market value of derivative liabilities	(142,268)
Balance Ending	$ 531,444

SUMMARY OF SIGNIFICANT POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Jul. 31, 2022
SUMMARY OF SIGNIFICANT POLICIES
Cash and Cash Equivalents	$ 15		$ 32
Volatility	622.13%		851.23%
Cash in excess of FDIC limit	$ 0
Risk-free discount rate	4.35%		2.22%
Stock Price	$ 0.003		$ 0.026
Impairment expense	$ 0	$ 0
Advertising expenses	$ 40,150	$ 6,652

PHYSICAL SILVER ASSETS (Details Narrative) - USD ($)		12 Months Ended
PHYSICAL SILVER ASSETS (Details Narrative) - USD ($)	Aug. 11, 2022	Jul. 31, 2021
PHYSICAL SILVER ASSETS
Purchased silver bars and coins		$ 152,785
Silver assets to settle	$ 70,393
Advances from related parties	69,239
Accrued interest	15,463
Gain on settlement	$ 2,310

INTANGIBLE ASSETS (Details) - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Less: accumulated depreciation	$ (23,711)	$ (22,669)
Intangible Assets, net	12,361	13,403
Patents and Patents Pending [Member]
Intangible Assets, gross	19,699	19,699
Trademarks [Member]
Intangible Assets, gross	1,275	1,275
Website And Domain Names [Member]
Intangible Assets, gross	$ 15,098	$ 15,098

INTANGIBLE ASSETS (Details Narrative) - USD ($)	9 Months Ended
INTANGIBLE ASSETS (Details Narrative) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
INTANGIBLE ASSETS
Amortization expense	$ 1,042	$ 2,503

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Principal [Member]
B. Romanek, President and CEO	$ 59,606	$ 74,239
Shareholder Relative of our President and CEO	0	70,393
TOTAL	59,606	$ 144,632
Funds Advance [Member]
B. Romanek, President and CEO	35,960
Shareholder Relative of our President and CEO	0
TOTAL	35,960
Funds Repaid [Member]
B. Romanek, President and CEO	(50,593)
Shareholder Relative of our President and CEO	(70,393)
TOTAL	(120,986)
Accrued Interest [Member]
B. Romanek, President and CEO	4,330
Shareholder Relative of our President and CEO	0
TOTAL	$ 4,330

RELATED PARTY TRANSACTIONS (Details Narrative)		3 Months Ended		9 Months Ended
RELATED PARTY TRANSACTIONS (Details Narrative)	Aug. 11, 2022 USD ($)	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)	Apr. 30, 2023 USD ($) integer	Apr. 30, 2022 USD ($)
Advances from related parties	$ 69,239
Balance of note				$ 130,761
Convertible Promissory Note				0	$ 25,000
Professional Fees		$ 7,159	$ 43,148	$ 141,536	$ 161,459
Cheif Executive Officer [Member]
Advances From Related Parties Bear Interest Rate				5.00%
Black Scholes Option Pricing Model [Member]
Initial loss				$ 187,232
Recognized derivative liability				$ 387,232
May 1 2019 [Member]
Advances From Related Parties Bear Interest Rate				10.00%
Convertible Promissory Note				$ 200,000
Variable conversion rate		65.00%		65.00%
Due date				May 01, 2021
Advances due within, days \| integer				10
Debt discount		$ 200,000		$ 200,000
November 1,2017 [Member] \| Chief Executive Officer [Member]
Professional Fees				78,000
February 1,2019 [Member] \| Chief Executive Officer [Member]
Professional Fees				178,000
Mr.Romanek Member \| July 31,2022 [Member]
Due to related party		140,832		140,832
Deferred Compensation		$ 780,558		$ 780,558

CONVERTIBLE NOTES PAYABLE (Details) - USD ($)	Apr. 30, 2023	Jul. 31, 2022
Convertible Promissory Note One [Member]
Convertible Notes Payable Current	$ 72,000	$ 72,000
Unamortized Debt Discount	0	0
Total, Net Of Unamortized Discount	72,000	72,000
Convertible Promissory Note Two [Member]
Convertible Notes Payable Current	145,108	145,108
Unamortized Debt Discount	0	0
Total, Net Of Unamortized Discount	145,108	145,108
Convertible Promissory Note Three [Member]
Convertible Notes Payable Current	147,360	147,360
Unamortized Debt Discount	0	0
Total, Net Of Unamortized Discount	147,360	147,360
Convertible Promissory Note Four [Member]
Convertible Notes Payable Current	3,000	3,000
Unamortized Debt Discount	0	0
Total, Net Of Unamortized Discount	3,000	3,000
Convertible Promissory Note Five [Member]
Convertible Notes Payable Current	75,000	75,000
Unamortized Debt Discount	0	0
Total, Net Of Unamortized Discount	75,000	75,000
Convertible Promissory Note Six [Member]
Convertible Notes Payable Current	133,560	133,560
Unamortized Debt Discount	0	0
Total, Net Of Unamortized Discount	133,560	133,560
Convertible Notes Payable, Net	$ 576,028	$ 576,028

COMMITMENTS AND CONTINGENCIES (Details Narrative)	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Details Narrative)	Apr. 30, 2023 USD ($)
COMMITMENTS AND CONTINGENCIES
Outstanding note balances, percentage	200.00%
Monetary damages	$ 280,920

STOCK WARRANTS (Details) - Warrants [Member]	9 Months Ended
STOCK WARRANTS (Details) - Warrants [Member]	Apr. 30, 2023 $ / shares shares
Warrants Outstanding, Beginning Balance \| shares	2,610,379
Warrants Granted And Assumed \| shares	1,600,000
Warrant outstanding, Ending Balance \| shares	4,210,379
Weighted Average Exercise Price, Beginning Balance	$ 1.26
Weighted Average Exercise Price, Warrants Granted And Assumed	0.25
Weighted Average Exercise Price, Warrants Expired	0
Weighted Average Exercise Price, Warrants Canceled	0
Weighted Average Exercise Price, Warrants Exercised	0
Weighted Average Excercise Price, Ending Balence	$ 1.26

STOCK WARRANTS (Details Narrative) - USD ($)	9 Months Ended
STOCK WARRANTS (Details Narrative) - USD ($)	Apr. 30, 2023	Dec. 12, 2022	Oct. 14, 2022	Jul. 31, 2022
Common stock, share Issued	34,146,149			33,891,671
On October 14, 2022 [Member]
Common stock, share Issued			2,000,000
Weighted Average Exercise Price, Warrants Granted And Assumed	$ 0.25
Common stock for services value	$ 100,000
Warrants to purchase			1,000,000
On December 12, 2022 [Member]
Common stock, share Issued		5,000,000
Common stock for services value	$ 65,890
Warrants to purchase		600,000

SHAREHOLDERS DEFICIT (Details Narrative) - USD ($)	9 Months Ended
SHAREHOLDERS DEFICIT (Details Narrative) - USD ($)	Apr. 30, 2023	Dec. 12, 2022	Oct. 14, 2022	Jul. 31, 2022
Preferred Stock, Shares Authorized	10,000,000			10,000,000
Common Stock, Par Value	$ 0.001			$ 0.001
Common Stock, Shares Authorized	500,000,000			500,000,000
Common stock, share Issued	34,146,149			33,891,671
Common stock, share Outstanding	34,146,149			33,891,671
Preferred Stock, Par Value	$ 0.001			$ 0.001
Preferred Stock, Shares Issued	226,300			226,300
Preferred Stock, Shares Outstanding	226,300			226,300
On October 14, 2022 [Member]
Common stock, share Issued			2,000,000
Common stock for services value	$ 100,000
Common stock for services shares	2,000,000
Warrants to purchase			1,000,000
Common stock per share			$ 0.25
Common Stock, Shares cancelled			445,522
On December 12, 2022 [Member]
Common stock, share Issued		5,000,000
Common stock for services value	$ 65,890
Common stock for services shares	5,000,000
Warrants to purchase		600,000
Common stock per share		$ 0.25
On September 1, 2022 [Member]
Common stock for services value	$ 21,280
Common stock for services shares	700,000
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized	3,000,000			30,000,000
Preferred Stock, Par Value	$ 0.001			$ 0.001
Preferred Stock, Shares Issued	226,000			226,000
Preferred Stock, Shares Outstanding	226,000			226,000
Series B Preferred Stock [Member]
Preferred Stock, Shares Authorized	16,500			16,500
Preferred Stock, Par Value	$ 0.001			$ 0.001
Preferred Stock, Shares Issued	0			0
Preferred Stock, Shares Outstanding	0			0
Series C Preferred Stock [Member]
Preferred Stock, Shares Authorized	10,000			10,000
Preferred Stock, Par Value	$ 0.001			$ 0.001
Preferred Stock, Shares Issued	300			300
Preferred Stock, Shares Outstanding	300			300
Common Stock [Member]
Common stock, share Issued	32,746,149	500,000	2,000,000	32,491,671
Common stock, share Outstanding	32,746,149			32,491,671