Cannagistics (CNGT) 10-K 9 Mar 17 2016 Q4 Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jul. 31, 2016	Mar. 08, 2017	Feb. 14, 2017
Document And Entity Information
Entity Registrant Name	Precious Investments, Inc.
Entity Central Index Key	1,304,741
Document Type	10-K
Document Period End Date	Jul. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 3,157,310
Entity Common Stock, Shares Outstanding			35,262,577
Document Fiscal Period Focus	Q4
Document Fiscal Year Focus	2,016

Balance Sheets

Balance Sheets - USD ($)	Jul. 31, 2016	Jul. 31, 2015
ASSETS
Inventory	$ 1,314,976
Total assets	1,314,976
Current liabilities
Accounts payable and accrued liabilities	102,037	151,336
Promissory notes	16,450	16,450
Convertible notes payable	22,701	312,285
Related party payables	159,717	45,949
Total current liabilities	300,905	526,020
Total liabilities	300,905	526,020
Preferred stock, par value $.001; 10,000,000 shares authorized; 250,000 and 250,000 issued and outstanding as of April 30, 2016 and July 31, 2015, respectively.	250	250
Common stock; $0.001 par value; 250,000,000 shares authorized; 26,750,924 and 3,377,294 outstanding as of July 31, 2016 and July 31,2015, respectively	26,751	3,377
Additional paid-in capital	68,391,085	959,198
Treasury stock	(45,000)	(45,000)
Accumulated deficit	(67,359,015)	(1,443,845)
Total stockholders' equity (deficit)	1,014,071	(526,020)
Total liabilities and stockholders' equity (deficit)	$ 1,314,976

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2016	Apr. 30, 2016	Jul. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized	250,000	10,000,000	10,000,000
Preferred stock, shares issued		250,000	250,000
Preferred stock, shares outstanding		250,000	250,000
Common stock, par value		$ 0.001	$ 0.001
Common stock, shares authorized		250,000,000	250,000,000
Common stock, shares issued		4,964,154
Common stock, shares outstanding	26,750,924		3,377,294

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Income Statement [Abstract]
Revenues	$ 7,500
Cost of revenue	10,782,677
Gross profit	(10,775,177)
Operating expenses
Executive compensation	49,169,643	486,250
General and administrative expenses	11,075	156,013
Professional fees	2,575,269
Total operating expenses	51,755,987	642,263
Interest expense	(4,238,149)	(18,934)
Loss from operations	(62,531,164)	(642,263)
Gain on the sale of subsidiary	307,500
Gain on the settlement of notes payable	546,643
Total other expense	(3,384,006)	(18,934)
Net loss	$ (65,915,170)	$ (661,197)
Net loss per common share: basic and diluted	$ (12.28)	$ (0.20)
Basic and diluted weighted average common shares outstanding	5,366,132	3,367,294

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings [Member]	Total
Beginning balance at Jul. 31, 2013		$ 179	$ 374,628	$ (693,293)
Beginning balance, shares at Jul. 31, 2013		178,544
Beneficial conversion feature on convertible promissory notes			45,000		$ 45,000
Common stock issued in exchange for lease assumption		$ 2,500	47,500		50,000
Common stock issued in exchange for lease assumption, shares		2,500,000
Net loss				(89,355)	(89,355)
Ending Balance at Jul. 31, 2014		$ 2,678	467,129	(782,648)	(357,841)
Ending Balance, shares at Jul. 31, 2014		2,678,544
Stock issued to settle convertible debt		$ 399	6,369		6,768
Stock issued to settle convertible debt, Shares		398,750
Shares issued services		$ 300	485,700		486,000
Shares issued services, shares		300,000
Shares issued services	$ 250				250
Shares issued services, Shares	250,000
Net loss				(661,197)	(661,197)
Ending Balance at Jul. 31, 2015	$ 250	$ 3,377	$ 959,198	(1,443,845)	$ (526,020)
Ending Balance, shares at Jul. 31, 2015	250,000	3,377,294
Net loss				(65,915,170)
Ending Balance				$ (67,359,015)
Ending Balance, shares		26,750,924		(67,359,015)	1,014,071
Net loss					$ (65,915,170)
Ending Balance at Jul. 31, 2016					$ 1,014,071

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Cash Flows from Operating Activities
Net loss	$ (65,915,170)	$ (661,197)	$ (89,355)
Adjustments to reconcile net loss to net cash provided by operating activities:
Shares issued for services	51,626,144	486,250
Amortization of debt discount	4,002,933	13,713
Gain on settlement of note payable	(546,643)
Gain on the sale of subsidiary	(307,500)
Impairment of mining properties		50,000
Changes in assets and liabilities
Inventory	10,782,677
Accounts payable and accrued expenses	208,204	68,324
Net cash from operating activities	(149,355)	(42,910)
Cash Flows from Financing Activities
Proceeds from the sale of common stock	35,586
Advances from related parties	113,768	42,910
Net cash from financing activities	149,355	42,910
Net increase (decrease) in cash
Cash, beginning of period
Cash, end of period
Non-Cash investing and financing transactions
Issuance of note payables for inventory	$ 4,000,250
Common stock issued for inventory	12,097,653
Shares issued to settle convertible debt	$ 3,378	$ 6,768

Orgnization and Summary of Sign

Orgnization and Summary of Significant Accounting Policies	12 Months Ended
	Jul. 31, 2016
Accounting Policies [Abstract]
ORGANIZATION AND BASIS OF ACCOUNTING	NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Description of Business Precious Investments, Inc. (Formerly FIGO Ventures, Inc.) (‘The Company’) was incorporated under the laws of the State of Nevada on May 26, 2004. The Company was an Exploration Stage Company with the principle business being the acquisition and exploration of resource properties. The Company had allowed its charter with the state of Nevada to be revoked by the Secretary of State for failure to file the required annual lists and pay the required annual fees. Its last known officers and directors reflected in the records of the Secretary of State were unresponsive or stated they were no longer involved with the Company. The purported replacement officers and directors were unresponsive. On September 14, 2012, NPNC Management, LLC filed a petition in the Eighth Judicial District Court in Clark County, Nevada and was appointed custodian of the Company on October 15, 2012. In order to obtain basic operating capital to pay for the reinstatement of the Company’s good standing with the Nevada Secretary of State, to bring the Company’s account current with creditors essential for the reorganization of the Company, such as the transfer agent, and for basic general corporate purposes, on October 24, 2012, the interim board authorized the sale of 55,000,000 (2,200,000 split adjusted) shares of common stock for $6,000 to NPNC Management, LLC, in a private placement transaction exempt from the Securities Act of 1933, as amended, pursuant to section 4(2) thereof and the rules and regulations promulgated there under. On October 24, 2012, NPNC Management, LLC appointed Bryan Clark as director of the Company, to hold office until such time as the shareholders elected a board. The interim board, consisting of Mr. Clark, further acted to appoint Mr. Clark as president, treasurer, and secretary of the Company, to act on behalf of the Company, and to hold such offices until removed by any subsequent board elected by the shareholders. On November 13, 2013, Bryan Clark tendered his resignation from all positions as an Officer and Director of the Company and the Board appointed Anna Wlodarkiewicz as a Director, President, Secretary and Treasurer of the Company. On October 9, 2014, Ania Wlodarkiewicz tendered her resignation from all positions as an Officer and Director of the Company and the Board appointed Nataliya Hearn as a Director, President, Secretary and Treasurer of the Company. On March 28, 2016, Nataliya Hearn resigned as the Company’s Chief Executive Officer and Director. Mr. Kashif Khan is the Company’s sole officer and director. The Company has completed an asset purchase agreement dated August 10, 2015 where the Company acquired from Kashif Khan, its sole officer and director, colored diamonds with a wholesale value of US$4 Million, which he was in control of, in exchange for issuing three secured demand convertible promissory notes totaling US$4 Million. The Company is in the business of purchasing and selling colored diamonds. Precious Investments, Inc. Notes to Audited Financial Statements July 31, 2016 and 2015 Basis of Presentation Our financial statements are presented in conformity with accounting principles generally accepted in the United States of America, as reported on our fiscal years ending on July 31, 2016 and 2015. We have summarized our most significant accounting policies. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company reviews the terms of convertible loans, equity instruments and other financing arrangements to determine whether there are embedded derivative instruments, including embedded conversion options that are required to be bifurcated and accounted for separately as a derivative financial instrument. Also, in connection with the issuance of financing instruments, the Company may issue freestanding options or warrants to employees and non-employees in connection with consulting or other services. These options or warrants may, depending on their terms, be accounted for as derivative instrument liabilities, rather than as equity. Derivative financial instruments are initially measured at their fair value. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at fair value and then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. To the extent that the initial fair values of the freestanding and/or bifurcated derivative instrument liabilities exceed the total proceeds received an immediate charge to income is recognized in order to initially record the derivative instrument liabilities at their fair value. The discount from the face value of the convertible debt instruments resulting from allocating some or all of the proceeds to the derivative instruments, together with the stated rate of interest on the instrument, is amortized over the life of the instrument through periodic charges to income, using the effective interest method. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is reassessed at the end of each reporting period. If reclassification is required, the fair value of the derivative instrument, as of the determination date, is reclassified. Any previous charges or credits to income for changes in the fair value of the derivative instrument are not reversed. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within twelve months of the balance sheet date. Precious Investments, Inc. Notes to Audited Financial Statements July 31, 2016 and 2015 Fair value of financial instruments The Company’s financial instruments consist of its liabilities. The carrying amount of payables and the loan payable – related party approximate fair value because of the short-term nature of these items. The promissory notes, and convertible notes payables are measured at amortized cost using the effective interest method, which approximates fair value due to the relationship between the interest rate on long-term debt and the Company’s incremental risk adjusted borrowing rate. Inventories Inventory consist of loose colored diamond acquired during the period (See Note 7) and is stated at the lower of cost or net realizable value. The Company writes-down inventory once it has been determined that conditions exist that may not allow the inventory to be sold for its intended purpose or the inventory is determined to be excess or obsolete based on our forecasted future sales. The charge related to inventory write-downs is recorded as a cost of revenue. Long-lived assets Long-lived assets, including investments to be held and used or disposed of other than by sale, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. When required, impairment losses on assets to be held and used or disposed of other than by sale are recognized based on the fair value of the asset. Long-lived assets to be disposed of by sale are reported at the lower of the asset’s carrying amount or fair value less cost to sell. Income Taxes The Company accounts for income taxes pursuant to FASB ASC 740—Income Taxes, which requires recognition of deferred income tax liabilities and assets for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. The Company provides for deferred taxes on temporary differences between the financial statements and tax basis of assets using the enacted tax rates that are expected to apply to taxable income when the temporary differences are expected to reverse. FASB ASC 740 establishes a more-likely-than-not threshold for recognizing the benefits of tax return positions in the financial statements. Also, the statement implements a process for measuring those tax positions that meet the recognition threshold of being ultimately sustained upon examination by the taxing authorities. There are no uncertain tax positions taken by the Company on its tax returns. The Company files tax returns in the U.S. and states in which it has operations and is subject to taxation. Tax years subsequent to 2008 remain open to examination by U.S. federal and state tax jurisdictions. Net Loss per Common Share Basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method. Precious Investments, Inc. Notes to Audited Financial Statements July 31, 2016 and 2015 Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements.

Going Concern

Going Concern	12 Months Ended
	Jul. 31, 2016
Going Concern [Abstract]
GOING CONCERN	NOTE 2 – GOING CONCERN These condensed consolidated interim financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. As of July, 31, 2016, the Company has an accumulated deficit of $67,359,015. The Company’s ability to continue as a going concern is contingent upon the successful completion of additional financing arrangements and our ability to achieve and maintain profitable operations. While we are expanding our best efforts to achieve the above plans, there is no assurance that any such activity will generate funds that will be available for operations. These conditions raise substantial doubt about our ability to continue as a going concern. These condensed consolidated interim financial statements do not include any adjustments that might arise from this uncertainty.

Bitgems Asset Management Ltd

Bitgems Asset Management Ltd	12 Months Ended
	Jul. 31, 2016
Fair Value Disclosures [Abstract]
BITGEMS ASSET MANAGEMENT LTD	NOTE 3 – BITGEMS ASSETS MANAGEMENT LTD On March 24, 2016, the Company entered into an Agreement for Transfer of Ownership with Gulf Peal Ltd. and goNumerical Ltd.(the Consulting Firms) (the “Transfer Agreement”). Under the Transfer Agreement, the Company agreed to transfer all intellectual property rights as part of the cryptocurrency diamond market and PinkCoin projects to Gulf Pearl Ltd. and GoNumerical Ltd. (the “Consulting Firms”). In addition, the Company agreed to transfer ownership and management of its subsidiary, Bitgems Assets Management Ltd., to the Consulting Firms. In exchange, the Consulting Firms agreed to return their collective 1,000,000 shares in the Company acquired under the previously entered Memorandum of Understanding dated October 1, 2015 and Amended Memorandum of Understanding dated October 12, 2015. Management had no assets or liabilities and as such the Company recorded the value of the 1,000,000 shares received of $2,400,000 as a gain on the sale of subsidiary recorded to additional paid in capital. Additionally, the Company recorded the amortization of a previously recorded prepaid expense of $2,092,500 (See note 4) associated with the MOU to the sale price of the subsidiary and netted it against the gain. During the year ended July 31, 2016, the Company recorded the net gain on the sale of its subsidiary of $307,500.

Prrepaid Expenses

Prrepaid Expenses	9 Months Ended
	Apr. 30, 2016
Fair Value Disclosures [Abstract]
PREPAID EXPENSES	NOTE 4 – PREPAID EXPENSES On October 1, 2015, we entered into a Memorandum of Understanding (“MOU”) with Gulf Peal Ltd. and goNumerical Ltd. (the “Consulting Firms”) in which each of the Consulting Firms shall receive 500,000 shares of common stock upon meeting certain milestones, with 250,000 shares of common stock being earned upon execution of the MOU. During the period ended April 30, 2016, we issued a total of 1,000,000 shares of common stock valued $2,790,000 to the consultants related to the agreement. The Company included the value of the 750,000 unearned shares amounting to $2,092,500 as a prepaid expense until such time the milestones are met and the shares are earned. As of July 31, 2016, no additional milestones were met and as a result of the Transfer agreement (See Note 3) and the return of the previously issued shares, the Company has amortized the balance of the outstanding prepaid of $2,092,500 to the selling price of the subsidiary. As of July 31, 2016 and 2015, the balance of the prepaid expenses is $0.

Promissory Notes

Promissory Notes	12 Months Ended
	Jul. 31, 2016
Debt Disclosure [Abstract]
PROMISSORY NOTES	NOTE 5 – PROMISSORY NOTES Promissory notes payable as of July 31, 2016 and 2015 consisted of the following: Description July 31, 2016 July 31, 2015 Note payable dated January 15, 2014, matured January 15, 2015 bearing interest at 12% per annum. $ 3,000 $ 3,000 Note payable dated February 14, 2014 matured February 14, 2015, bearing interest at 12% per annum. 3,750 3,750 Note payable dated April 1, 2014 matured April 1, 2015, bearing interest at 12% per annum. 4,700 4,700 Note payable dated January 30, 2014, matured January 30, 2015, bearing interest at 12% per annum. 5,000 5,000 Total $ 16,450 $ 16,450 These notes have matured as of July 31, 2016, however they have not been paid. Accordingly, they are due on demand and recorded as current liabilities. Interest expense related to the notes for the six months ended July 31, 2016 and 2015 was $1,979 and $3,246 respectively.

Convertible Debt

Convertible Debt	12 Months Ended
	Jul. 31, 2016
Convertible Debt [Abstract]
CONVERTIBLE DEBT	NOTE 6- CONVERTIBLE DEBT Convertible debt as of July 31, 2016 and July 31, 2015 consisted of the following: Description July 31, 2016 July 31, 2015 Convertible note agreement dated January 11, 2007, of up to $1,000,000 bearing interest at 10% per annum, originally scheduled to mature on January 11, 2009. Convertible by Lender at its sole option into units in the capital stock such that for each $0.40 of principal outstanding at the time of conversion may be converted into one unit consisting of one common share and one non-transferable share purchase warrant exercisable for a period of up to two years from the date of conversion. Each warrant shall entitle the Lender to purchase an additional common share of the Company at $0.60 during the term of the warrants. The remaining balance of the beneficial feature conversion applicable to this note at July 31, 2016 and 2015 was zero. $ - $ 289,140 Convertible note agreements (3) dated November 1, 2013, totaling $45,000. Maturing on November 30, 2015 bearing interest at 12% per annum. Principal and accrued interest is convertible at $.00225 per share. The beneficial conversion feature was recorded as a discount to the debt and is being amortized over the term of the notes. 23,679 27,056 Convertible note agreements (3) dated August 10, 2015, totaling $4,000,000. Maturing on August 9, 2018 or a) within 20 business days of a receipt of written demand from the holder for payment of all of the Notes, provided that i) we have not raised $5 million in debt or equity financing before written demand was tendered or any portion bearing interest at 6% per annum. Principal and accrued interest is convertible at $.247 per share. The beneficial conversion feature was recorded as a discount to the debt and is being amortized over the term of the notes. (See note 9) - - Less: unamortized discount (978 ) (3,910 ) Convertible notes, net of discount 22,701 312,285 Precious Investments, Inc. Notes to Audited Financial Statements July 31, 2016 and 2015 The Company does not have a copy of the Convertible note agreement dated January 11, 2007. Neither the Note nor the name of the lender are found in our public filings. The Company has taken significant efforts to locate a copy of the Note to no avail. The Company contacted the prior auditor, Dale Matheson Carr-Hilton Labonte LLP, which audited our July 31, 2008 and 2007 financial statements found in our 10KSB for the year ended July 31, 2008. After conducting a search, Dale Matheson informed us that they do not have a copy of the Note. Despite not having a copy of the Note, the material terms of the note were contained in our prior financial statements for the year ended July 31, 2008, and those terms are sufficient for all material purposes to accurately present our current financial statements. The Note matured on January 11, 2009 and the statute of limitations ran on January 11, 2015 and the Company has not received any demand for the payment of the note from the holder. As such, the Company has concluded that it no longer has a legal obligation for the payment of the note and has thus decided to remove the note. During the year ended July 31, 2016, the Company has recorded an gain on the cancellation of the debt in the amount of $316.507. On July 15, 2016, the holder of the note dated August15, 2015 demanded payment on the Notes. We have not raised $5 million in debt or equity financing and no portion of the Notes have been converted. As such, on July 25, 2016, we elected to return the Assets to Khan in lieu of payment. The interest accrued on the notes through July 25, 2016 amounting to $230,137 was forgiven by Khan and therefore recorded as a gain on settlement of notes payable as of July 31, 2016. During the year ended July 31, 2016 and 2015, the Company recognized $4,002,933 and $8,800 of debt discount accretion expense on the above notes, respectively. Interest expense related to these notes for the years ended July 31, 2016 and 2015 was $232,986 and $2,552, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jul. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS A shareholder of the Company has paid certain expenses of the Company. These amounts are reflected as a loan payable to related party. The shareholder advanced $113,768 and $42,910 during the years ended July 31, 2016 and 2015. As of the July 31, 2016 and 2015, there were $159,717 and $45,949 due to related parties, respectively.

Karrah, Inc.

Karrah, Inc.	12 Months Ended
	Jul. 31, 2016
Notes to Financial Statements
Karrah, Inc.	NOTE 8 – KARRAH, INC On March 28, 2016, the Company signed a letter of intent (the “LOI”) with Karrah Inc., an Ontario corporation (“Karrah”), and the sole shareholder of Karrah, Farrah Khan (“Khan”). Khan is the wife of the Company’s officer and director, Kashif Khan. Pursuant to the LOI, the parties set forth their understandings in contemplation of an acquisition from Khan of all of the issued and outstanding shares of stock in Karrah, resulting in a parent subsidiary relationship. In consideration for the acquisition of Karrah, the Company plans to issue to Khan a three year promissory note (the “Note”) for $1,500,000, with interest at 6% per annum. Interest will be payable at maturity or from time to time at the Company’s sole discretion. The Company has the right to prepay the Note. The Note will be secured by the assets of Karrah. The agreement never closed as it was not possible to obtain an audit of Karrah that the Company was required to file with the SEC in connection with the acquisition as a result of the nature of the company’s jewelry inventory. (See note 13)

Diamond Purchase Agreement

Diamond Purchase Agreement	12 Months Ended
	Jul. 31, 2016
Diamond Purchase Agreement [Abstract]
DIAMOND PURCHASE AGREEMENT	NOTE 9 – DIAMOND PURCHASE AGREEMENTS On August 10, 2015, we entered into a Diamond Purchase Agreement (the “Agreement”) with Kashif Khan (“Khan”), an arm’s length party, who subsequently became the sole office and director. Pursuant to the Agreement, we acquired from Khan colored diamonds (the “Assets”) for three demand secured convertible promissory notes (the “Notes”) in the aggregate principal amount of $4,000,000. The Notes have the following features: Note A Note A is in the principal amount of $1.7 million, accrues interest at 6% per annum and matures: a) within 20 business days of a receipt of written demand from the holder for payment of all of the Notes, provided that i) we have not raised $5 million in debt or equity financing before written demand was tendered or any portion of Note was converted into shares of our common stock; or b) in all other cases, thirty-six months from the issuance of Note A. Upon written demand for payment, the Company may either pay all principal and accrued interest on the Notes or return the Assets to the holder to fulfill all obligations. The holder may convert the principal and accrued interest into shares of our common stock at $0.247386975 per share up to a maximum conversion allowance of 6,871,825 shares. If we raise $5 million in debt or equity financing or if the holder converts any portion of Note A, then the Note will automatically convert at maturity into a total of 6,871,825 shares of our common stock. If we prepay Notes B and C, however, then the conversion price will adjust to $0.105139464 per share for a total conversion allowance of 16,169,000 shares. The Company may not prepay Note A and it is secured by $1,700,000 worth of the Assets. Note B Note B is in the principal amount of $1.15 million, accrues interest at 6% per annum and matures: a) within 20 business days of a receipt of written demand from the holder for payment of all of the Notes, provided that i) we have not raised $5 million in debt or equity financing before written demand was tendered or any portion of Note was converted into shares of our common stock; or b) in all other cases, thirty-six months from the issuance of Note B. Upon written demand for payment, the Company may either pay all principal and accrued interest on the Notes or return the Assets to the holder to fulfill all obligations. The holder may convert the principal and accrued interest into shares of our common stock at $0.247386975 per share up to a maximum conversion allowance of 4,648,588 shares. If we raise $5 million in debt or equity financing or if the holder converts any portion of Note B, then the Note will automatically convert at maturity into a total of 4,648,588 shares of our common stock. The Company may prepay all of the outstanding principal and accrued interest under Note B, provided that we also prepays all of the outstanding principal and accrued interest of Note C. Note B is secured by $1,150,000 worth of the Assets. Note C Note C is in the principal amount of $1.15 million, accrues interest at 6% per annum and matures: a) within 20 business days of a receipt of written demand from the holder for payment of all of the Notes, provided that i) we have not raised $5 million in debt or equity financing before written demand was tendered or any portion of Note was converted into shares of our common stock; or b) in all other cases, thirty-six months from the issuance of Note C. Precious Investments, Inc. Notes to Audited Financial Statements July 31, 2016 and 2015 Upon written demand for payment, the Company may either pay all principal and accrued interest on the Notes or return the Assets to the holder to fulfill all obligations. The holder may convert the principal and accrued interest into shares of our common stock at $0.247386975 per share up to a maximum conversion allowance of 4,648,588. If we raise $5 million in debt or equity financing or if the holder converts any portion of Note B, then the Note will automatically convert at maturity into a total of 4,648,588 shares of our common stock. The Company may prepay all of the outstanding principal and accrued interest under Note C, provided that we also prepay all of the outstanding principal and accrued interest of Note B. Note C is secured by $1,150,000 worth of the Assets. Also, as provided in the Agreement, our former officer and director, Natalya Hearn, agreed to transfer her 250,000 shares of Series A Preferred Stock to Khan. Under the Agreement, these shares of Series A Preferred Stock will cancel and return to our treasury upon Khan converting the Notes into 51% of the Company issued and outstanding common stock. Also, if Kahn demands payment of the Notes, then the shares of Series A Preferred Stock will cancel and return to our treasury. The Company also agreed to appoint two nominees of Khan to our board of directors and to register 7,500,000 shares of common stock converted from existing notes along with remaining shares of common stock underlying convertible notes. The Notes in favor of Khan do not have registration rights. The Company has determined that the asset acquired did not meet the definition of a business as defined in ASC 805 and as such the transaction was treated as an asset acquisition and the diamonds are shown on the Company’s condensed consolidated interim balance sheet as inventory. In measuring the Notes, it was determined that they contained a beneficial conversion feature, which upon measurement resulted in the full amount of the proceeds being allocated entirely to the beneficial conversion feature. On July 15, 2016, Khan demanded payment on the Notes. Since, the Company has not raised $5 million in debt or equity financing and no portion of the Notes have been converted, on July 25, 2016, we elected to return the Assets to Khan in lieu of payment. The interest accrued on the notes through July 25, 2016 amounting to $230,137 was forgiven by Khan and therefore recorded as a gain on settlement of notes payable as of July 31, 2016. During the year ended July 31, 2016, the Company entered into and closed various additional Diamond Purchase Agreements to purchase diamond assets consisting of various colored diamonds with stated values of $11,447,653 for 4,880,215 shares of common stock.

Stock Options

Stock Options	12 Months Ended
	Jul. 31, 2016
Other Liabilities Disclosure [Abstract]
Stock Options	NOTE 10 – STOCK OPTIONS On July 29, 2016, the Company issued options to purchase 10,000,000 shares of common stock at an exercise price of $0.10 per share to a Mr. Kashif Khan for employment services. The options were valued at $29,799,644 using the Black Scholes option pricing model based upon the following assumptions: term of 5 years, risk free interest rate of 1.03%, a dividend yield of 0% and volatility rate of 793.31%. The warrants were fully earned and vested on July 31, 2016. The following is a summary of stock warrants activity during the year ended July 31, 2016 and 2015. Number of Shares Weighted Average Exercise Price Balance, July 31, 2015 — $ 0.00 Warrants granted and assumed 10,000,000 $ 0.10 Warrants expired — — Warrants canceled — — Warrants exercised 10,000,000 $ 0.10 Balance, July 31, 2016 — —

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jul. 31, 2016
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 11 – STOCKHOLDERS’ EQUITY As of July 31, 2016 and 2015, the Company had 200,000 shares of common stock held in treasury valued at $45,000 that were acquired as part of Stock Repurchase Agreement dated November 13, 2013. During the year ended July 31, 2016, the Company issued 4,980,215 shares of common stock valued at $12,097,653 related to various Diamond Purchase Agreements. During the year ended July 31, 2016, the Company issued 1,000 units consisting of one share and one warrant of stock for $2,000 cash. During the year ended July 31, 2016, the Company issued 335,860 shares of common stock for $33,586 cash. During the year ended July 31, 2016, the Company issued 1,390,000 shares valued at $3,129 for the conversion of a convertible note payable dated November 1, 2013. During the year ended July 31, 2016, the Company issued 1,000,000 shares valued at $2,790,000 for services. The shares were returned during the year. During the year ended July 31, 2016, the Company issued 8,100,000 shares valued at $23,919,000 for services. During the year ended July 31, 2016, the Company issued 9,666,555 shares valued at $29,799,644 for the non-cash exercise of stock options.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jul. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12 – COMMITMENTS AND CONTINGENCIES Employment agreement On July 29, 2016, we entered into an employment agreement with Kashif Khan (“Khan”) to be the Chief Executive Officer. Khan’s initial annual Base Salary is $100,000. Khan will also be eligible to earn a Performance Bonus for each complete fiscal year, which will be equal to fifty percent (50%) of his Base Salary for such fiscal year. Kahn was also granted 6,500,000 shares of common stock and 10,000,000 options. Litigations, Claims and Assessments The Company 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 that may harm its business. The Company is currently not aware of any such legal proceedings or claims that they believe will have, individually or in the aggregate, a material adverse effect on its business, financial condition or operating results.

Income Taxes

Income Taxes	12 Months Ended
	Jul. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 13 – INCOME TAXES For the year ended July 31, 2016, the cumulative net operating loss carry-forward from continuing operations is approximately $3,728,083 at July 31, 2016, and will expire beginning in the year 2030. The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of June 30, 2016 and 2015: 2016 2015 Deferred tax asset attributable to: Net operating loss carryover $ 1,267,548 $ 76,607 Valuation allowance (1,267,548 ) (76,607 ) Net deferred tax asset $ — $ — Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $3,728,083 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

Orgnization and Summary of Si20

Orgnization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 31, 2016
Accounting Policies [Abstract]
Organization and Description of Business	Organization and Description of Business Precious Investments, Inc. (Formerly FIGO Ventures, Inc.) (‘The Company’) was incorporated under the laws of the State of Nevada on May 26, 2004. The Company was an Exploration Stage Company with the principle business being the acquisition and exploration of resource properties. The Company had allowed its charter with the state of Nevada to be revoked by the Secretary of State for failure to file the required annual lists and pay the required annual fees. Its last known officers and directors reflected in the records of the Secretary of State were unresponsive or stated they were no longer involved with the Company. The purported replacement officers and directors were unresponsive. On September 14, 2012, NPNC Management, LLC filed a petition in the Eighth Judicial District Court in Clark County, Nevada and was appointed custodian of the Company on October 15, 2012. In order to obtain basic operating capital to pay for the reinstatement of the Company’s good standing with the Nevada Secretary of State, to bring the Company’s account current with creditors essential for the reorganization of the Company, such as the transfer agent, and for basic general corporate purposes, on October 24, 2012, the interim board authorized the sale of 55,000,000 (2,200,000 split adjusted) shares of common stock for $6,000 to NPNC Management, LLC, in a private placement transaction exempt from the Securities Act of 1933, as amended, pursuant to section 4(2) thereof and the rules and regulations promulgated there under. On October 24, 2012, NPNC Management, LLC appointed Bryan Clark as director of the Company, to hold office until such time as the shareholders elected a board. The interim board, consisting of Mr. Clark, further acted to appoint Mr. Clark as president, treasurer, and secretary of the Company, to act on behalf of the Company, and to hold such offices until removed by any subsequent board elected by the shareholders. On November 13, 2013, Bryan Clark tendered his resignation from all positions as an Officer and Director of the Company and the Board appointed Anna Wlodarkiewicz as a Director, President, Secretary and Treasurer of the Company. On October 9, 2014, Ania Wlodarkiewicz tendered her resignation from all positions as an Officer and Director of the Company and the Board appointed Nataliya Hearn as a Director, President, Secretary and Treasurer of the Company. On March 28, 2016, Nataliya Hearn resigned as the Company’s Chief Executive Officer and Director. Mr. Kashif Khan is the Company’s sole officer and director. The Company has completed an asset purchase agreement dated August 10, 2015 where the Company acquired from Kashif Khan, its sole officer and director, colored diamonds with a wholesale value of US$4 Million, which he was in control of, in exchange for issuing three secured demand convertible promissory notes totaling US$4 Million. The Company is in the business of purchasing and selling colored diamonds.
Basis of Presentation	Basis of Presentation Our financial statements are presented in conformity with accounting principles generally accepted in the United States of America, as reported on our fiscal years ending on July 31, 2016 and 2015. We have summarized our most significant accounting policies.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Derivative Financial Instruments	Derivative Financial Instruments The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company reviews the terms of convertible loans, equity instruments and other financing arrangements to determine whether there are embedded derivative instruments, including embedded conversion options that are required to be bifurcated and accounted for separately as a derivative financial instrument. Also, in connection with the issuance of financing instruments, the Company may issue freestanding options or warrants to employees and non-employees in connection with consulting or other services. These options or warrants may, depending on their terms, be accounted for as derivative instrument liabilities, rather than as equity. Derivative financial instruments are initially measured at their fair value. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at fair value and then re-valued at each reporting date, with changes in the fair value reported as charges or credits to income. To the extent that the initial fair values of the freestanding and/or bifurcated derivative instrument liabilities exceed the total proceeds received an immediate charge to income is recognized in order to initially record the derivative instrument liabilities at their fair value. The discount from the face value of the convertible debt instruments resulting from allocating some or all of the proceeds to the derivative instruments, together with the stated rate of interest on the instrument, is amortized over the life of the instrument through periodic charges to income, using the effective interest method. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is reassessed at the end of each reporting period. If reclassification is required, the fair value of the derivative instrument, as of the determination date, is reclassified. Any previous charges or credits to income for changes in the fair value of the derivative instrument are not reversed. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within twelve months of the balance sheet date.
Fair value of financial instruments	Fair value of financial instruments The Company’s financial instruments consist of its liabilities. The carrying amount of payables and the loan payable – related party approximate fair value because of the short-term nature of these items. The promissory notes, and convertible notes payables are measured at amortized cost using the effective interest method, which approximates fair value due to the relationship between the interest rate on long-term debt and the Company’s incremental risk adjusted borrowing rate.
Inventories	Inventories Inventory consist of loose colored diamond acquired during the period (See Note 7) and is stated at the lower of cost or net realizable value. The Company writes-down inventory once it has been determined that conditions exist that may not allow the inventory to be sold for its intended purpose or the inventory is determined to be excess or obsolete based on our forecasted future sales. The charge related to inventory write-downs is recorded as a cost of revenue.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of its financial statements. The Company's management believes that these recent pronouncements will not have a material effect on the Company's financial statements.
Net Loss per Common Share	Net Loss per Common Share Basic earnings per share (“EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted EPS gives effect to all dilutive potential of shares of common stock outstanding during the period including stock options or warrants, using the treasury stock method (by using the average stock price for the period to determine the number of shares assumed to be purchased from the exercise of stock options or warrants), and convertible debt or convertible preferred stock, using the if-converted method.
Long Lived Assets	Long-lived assets Long-lived assets, including investments to be held and used or disposed of other than by sale, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. When required, impairment losses on assets to be held and used or disposed of other than by sale are recognized based on the fair value of the asset. Long-lived assets to be disposed of by sale are reported at the lower of the asset’s carrying amount or fair value less cost to sell.

Subsequent Events

Subsequent Events	12 Months Ended
	Jul. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 – SUBSEQUENT EVENTS On October 26, 2016, the Company learned that it was not possible to obtain an audit of Karrah that we were required to file with the SEC in connection with the acquisition as a result of the nature of the company’s jewelry inventory. Because the Company was unable to obtain an audit of Karrah, on October 28, 2016, the Company has restructured the entire transaction by entering into a Termination and Restructure Agreement. First, the Company and Khan have mutually agreed to cancel the Agreement to acquire the issue and outstanding shares of stock in Karrah. Second, the Company agreed to purchase from Karrah its customer list in exchange for a revised promissory note (the “New Note”). The New Note will be in favor of Karrah (and not Khan), valued at $1,500,000 with interest at 6% per annum, and will not be secured by the assets of Karrah. The customer list has been invaluable in establishing our current colored diamond inventory. Third, we have acquired some of the inventory from Karrah, and the value of the New Note reflects that consideration as well. Finally, the Company will not be acquiring the accounts receivable of Karrah so the AR Note will be terminated. On December 5, 2016, the Company entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Cornerstone United Capital, LLC (“Cornerstone”). Pursuant to the Purchase Agreement, the Company acquired from Cornerstone colored diamonds with a wholesale value of $105,000,000 (the “Assets”). We did not assume any of Cornerstone’s liabilities in the transaction. In consideration for the Assets, we issued to Cornerstone and its nominees a total of 214,000,000 shares of common stock. In addition, Kashif Khan, our officer and director, agreed to transfer his 16,000,000 shares of common stock as part of the Purchase Agreement in exchange for 9,457,931 shares of our Series B Preferred Stock. December 21, 2016, the Company was informed that Cornerstone could not fulfill its obligations under the Purchase Agreement. On February 14, 2017, Conerstone and its nominees returned the 214,000,000 shares of common stock issued under the Purchase Agreement to the Company’s treasury. On December 6, 2016, the Company entered into a one year Consulting Agreement with Karrah, Inc. and Kashif Khan for the team to act as a non-exclusive advisor and sales agent in assisting us in the marketing and sales of our colored diamond inventory on an international basis and domestically. In exchange for the consulting services, the Company agreed to allow the consultant to retain up to the first $1,500,000 in revenues generated, which shall be used exclusively to pay off that certain promissory note we issued to Karrah, Inc. dated October 28, 2016 in the principal amount of $1,500,000. Following such payment, we have agreed to a revenue share, with our company allotted 95% and the consultant allotted 5% of all gross revenues received solely from the efforts of the consultant in the sale of our diamond inventory. Sales conducted by us will not be subject to a revenue share. On March 1, 2017, the Company entered into a joint venture agreement (the “JVA”) with Eddeb Management (“Eddeb”). The purpose of the joint venture is to build a fund for the purpose of trading in precious gems, notably, colored diamonds. The material terms of the JVA for this joint venture are as follows: § the parties will be owners in an already formed Ontario corporation, known as Flawless Funds GP Inc. (the “Joint Venture”), with the Company owning 75% of the Joint Venture and Eddeb owning 25% of the Joint Venture; § the Company and Eddeb will contribute relationships and resources to the Joint Venture; § the Company will primarily be responsible for marketing and managing the fund; § Eddeb will be primarily responsible for fundraising activities; § the Company’s CEO, Kashif Khan, and Abdurrahman Eddeb of Eddeb will manage the day-to-day operations of the Joint Venture as directors; and § the parties agreed that officers may be appointed to delegate the responsibilities of the directors. In order to acquire a 75% interest in the Joint Venture, the Company agreed to provide two founding partners to the Joint Venture a total of 16 million shares of the Company’s common stock in lieu of a percentage of the Joint Venture. These shares have not yet been issued.

Promissory Notes (Tables)

Promissory Notes (Tables)	12 Months Ended
	Jul. 31, 2016
Debt Disclosure [Abstract]
Schedule of Promissory Notes	Description July 31, 2016 July 31, 2015 Note payable dated January 15, 2014, matured January 15, 2015 bearing interest at 12% per annum. $ 3,000 $ 3,000 Note payable dated February 14, 2014 matured February 14, 2015, bearing interest at 12% per annum. 3,750 3,750 Note payable dated April 1, 2014 matured April 1, 2015, bearing interest at 12% per annum. 4,700 4,700 Note payable dated January 30, 2014, matured January 30, 2015, bearing interest at 12% per annum. 5,000 5,000 Total $ 16,450 $ 16,450

Convertible Debt (Tables)

Convertible Debt (Tables)	12 Months Ended
	Jul. 31, 2016
Convertible Debt [Abstract]
Summary of Convertible Debt	Description July 31, 2016 July 31, 2015 Convertible note agreement dated January 11, 2007, of up to $1,000,000 bearing interest at 10% per annum, originally scheduled to mature on January 11, 2009. Convertible by Lender at its sole option into units in the capital stock such that for each $0.40 of principal outstanding at the time of conversion may be converted into one unit consisting of one common share and one non-transferable share purchase warrant exercisable for a period of up to two years from the date of conversion. Each warrant shall entitle the Lender to purchase an additional common share of the Company at $0.60 during the term of the warrants. The remaining balance of the beneficial feature conversion applicable to this note at July 31, 2016 and 2015 was zero. $ - $ 289,140 Convertible note agreements (3) dated November 1, 2013, totaling $45,000. Maturing on November 30, 2015 bearing interest at 12% per annum. Principal and accrued interest is convertible at $.00225 per share. The beneficial conversion feature was recorded as a discount to the debt and is being amortized over the term of the notes. 23,679 27,056 Convertible note agreements (3) dated August 10, 2015, totaling $4,000,000. Maturing on August 9, 2018 or a) within 20 business days of a receipt of written demand from the holder for payment of all of the Notes, provided that i) we have not raised $5 million in debt or equity financing before written demand was tendered or any portion bearing interest at 6% per annum. Principal and accrued interest is convertible at $.247 per share. The beneficial conversion feature was recorded as a discount to the debt and is being amortized over the term of the notes. (See note 9) - - Less: unamortized discount (978 ) (3,910 ) Convertible notes, net of discount 22,701 312,285

Stock Options (Tables)

Stock Options (Tables)	12 Months Ended
	Jul. 31, 2016
Equity [Abstract]
Summary of the shares issued for services	Number of Shares Weighted Average Exercise Price Balance, July 31, 2015 — $ 0.00 Warrants granted and assumed 10,000,000 $ 0.10 Warrants expired — — Warrants canceled — — Warrants exercised 10,000,000 $ 0.10 Balance, July 31, 2016 — —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jul. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of deferred tax benefit	2016 2015 Deferred tax asset attributable to: Net operating loss carryover $ 1,267,548 $ 76,607 Valuation allowance (1,267,548 ) (76,607 ) Net deferred tax asset $ — $ —

Orgnization and Summary of Si26

Orgnization and Summary of Significant Accounting Policies (Details) - Asset Management Company [Member]	Oct. 24, 2012USD ($)shares
Accounting Policies Textual [Abstract]
Sale of stock during period, Shares	55,000,000
Stock splits	2,200,000
Sale of stock during period, Value | $	$ 6,000

Going Concern (Details)

Going Concern (Details) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
Going Concern (Textual)
Accumulated deficit	$ (67,359,015)	$ (1,443,845)

Biitgems Asset Management (Deta

Biitgems Asset Management (Details) - USD ($)	9 Months Ended	12 Months Ended
	Apr. 30, 2016	Jul. 31, 2016
Mineral Industries Textual [Abstract]
Shares issued in exchange common stock, shares	335,860
Shares issued in exchange common stock	$ 33,586
Shares Returned		1,000,000
Gain on Sale of Subsidiary		$ 2,400,000,000,000
Prepaid Expense		$ 2,092,500,000,000

Prepaid Expenses (Details)

Prepaid Expenses (Details) - USD ($)	12 Months Ended
	Jul. 31, 2016	Apr. 30, 2016	Oct. 01, 2015	Jul. 31, 2015
Schedule of Fair Value Hierarchy
Current Convertible Notes	$ 22,701			$ 312,285
Balance	$ 22,701	$ 1,277,665		$ 312,285
Common Stock Issued			$ 500,000
Value of Common Stock Issued	2,092,500
Common Stock Issued upon Milestone		250,000	$ 250,000
Fair Value, Inputs, Level 2 [Member]
Schedule of Fair Value Hierarchy
Current Convertible Notes		750,000
Balance		2,092,500
Common Stock Issued		$ 1,000,000

Promissory Notes (Details)

Promissory Notes (Details) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
Short-term Debt [Line Items]
Notes payable, Total	$ 16,450	$ 16,450
Promissory Notes Three [Member]
Short-term Debt [Line Items]
Notes payable, Total	4,700	4,700
Promissory Notes Two [Member]
Short-term Debt [Line Items]
Notes payable, Total	3,750	3,750
Promissory Notes One [Member]
Short-term Debt [Line Items]
Notes payable, Total	3,000	3,000
Promissory Notes Four [Member]
Short-term Debt [Line Items]
Notes payable, Total	$ 5,000	$ 5,000

Promissory Notes (Details Textu

Promissory Notes (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Promissory Notes (Textual)
Interest Expense	$ 197,900	$ 324,600
Promissory Notes Two [Member]
Promissory Notes (Textual)
Notes payable, issuance date	Feb. 14, 2014
Notes payable, maturity date	Feb. 14, 2015
Notes payable, rate of interest	12.00%
Promissory Notes Three [Member]
Promissory Notes (Textual)
Notes payable, issuance date	Apr. 1, 2014
Notes payable, maturity date	Apr. 1, 2015
Notes payable, rate of interest	12.00%
Promissory Notes Four [Member]
Promissory Notes (Textual)
Notes payable, issuance date	Jan. 30, 2014
Notes payable, maturity date	Jan. 30, 2015
Notes payable, rate of interest	12.00%
Promissory Notes One [Member]
Promissory Notes (Textual)
Notes payable, issuance date	Jan. 15, 2014
Notes payable, maturity date	Jan. 15, 2015
Notes payable, rate of interest	12.00%

Convertible Debt (Details)

Convertible Debt (Details) - USD ($)	Jul. 31, 2016	Apr. 30, 2016	Jul. 31, 2015
Convertible notes payable [Abstract]
Convertible notes	$ 23,679
Less: unamortized discount	(978)		$ (3,910)
Convertible notes, net of discount	22,701	$ 1,277,665	312,285
Less: current maturities	(22,701)		(312,285)
Convertible Debt One [Member]
Convertible notes payable [Abstract]
Convertible notes	0		27,056
Convertible Debt [Member]
Convertible notes payable [Abstract]
Convertible notes	$ 289,140		$ 289,140

Convertible Debt (Details Textu

Convertible Debt (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2016	Sep. 24, 2015	Aug. 22, 2015	Aug. 19, 2015
Convertible Debt (Textual)
Convertible notes, conversion price		$ 0.00225	$ 0.00225	$ 0.00225
Convertible Debt One [Member]
Convertible Debt (Textual)
Convertible debt	$ 45,000
Convertible payable, Issuance Date	Nov. 1, 2013
Convertible note, rate of interest	12.00%
Convertible notes, conversion price	$ 0.00225
Convertible Debt [Member]
Convertible Debt (Textual)
Convertible debt	$ 1,000,000
Convertible payable, Issuance Date	Jan. 11, 2009
Convertible note, rate of interest	10.00%
Convertible notes, conversion price	$ 0.40
Convertible notes, terms of conversion feature	At the time of conversion may be converted into one unit consisting of one common share and one non-transferable share purchase warrant exercisable for a period of up to two years from the date of conversion. Each warrant shall entitle the Lender to purchase an additional common share of the Company at $0.60 during the term of the warrants. The beneficial conversion remaining balance applicable to this note at April 30, 2015 and July 31, 2014 was zero.

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
Related Party Transactions (Textual)
Loan payable - related party	$ 159,717	$ 45,949
Shareholder Advances	$ 113,768	$ 42,768

Karrah, Inc. (Details Narrative

Karrah, Inc. (Details Narrative)	12 Months Ended
	Jul. 31, 2016USD ($)
Notes to Financial Statements
Letter of Intent	Mar. 28, 2016
Three Year Promissory Note	$ 1,500,000
Interest on Promissory Note	6.00%

Stock Options (Policies)

Stock Options (Policies) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Other Liabilities Disclosure [Abstract]
Number of Shares		0
Weighted Average Excerciise Price		$ 0
Weighted Average Excerciise Price 2016	$ .10
Warrants Granted and Assumed	$ 10,000,000
Warrants Excerised	$ 10,000,000

Stock Options (Details Narrativ

Stock Options (Details Narrative)	12 Months Ended
	Jul. 31, 2016USD ($)shares
Other Liabilities Disclosure [Abstract]
Options to Purchase Date	Jul. 29, 2016
Option to purchase shares | shares	10,000,000
exercise price	10.00%
Value of Shares | $	$ 29,799,644
Risk free rate	103.00%
Dividend Yield	0.00%
Volatility Rate	79331.00%
Date Vested	Jul. 31, 2016

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	9 Months Ended
	Apr. 30, 2016	Sep. 18, 2015	Nov. 01, 2013
Stockholders' Equity (Textual)
Number of units issued		1,000
Rights, stock or warrants price		$ 2,000
Cash Received	$ 33,586
Shares Issued	335,860
Shares Issued for conversion	750,000
Value of Shares Issued for conversion			$ 1,800
Shares Issued for Services	500,000
Value of Shares Issued for services	$ 1,490,000
Shares Issued for Services (Returned)	1,000,000
Value of Shares Issued for services (Reurned)	$ 2,790,000

Commitments and Contingecies (D

Commitments and Contingecies (Details)	12 Months Ended
	Jul. 31, 2016USD ($)shares
Accounting Policies [Abstract]
Eplayment Agreement Date	Jul. 29, 2016
Base Salary | $	$ 100,000
Performance Bonus	50.00%
Shares Granted	6,500,000
Stock Options	10,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Deferred tax benefit	$ 1,267,548	$ 78,607
Valuation allowance	$ (1,267,548)	$ (76,607)

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Income Taxes (Textual)
Total valuation allowance	$ 372,808,300		$ 3,400,000
Taxable cumulative	$ 372,808,300
Tax rate	34.00%
Total deferred tax	$ 1,267,548	$ 78,607

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Dec. 21, 2016	Oct. 26, 2016	Jul. 31, 2016	Oct. 28, 2016	May 16, 2016	May 05, 2016	Apr. 25, 2016
Return of Shares	21400000000.00%
Plans to issue Promissory Note			$ 16,000,000
Convertible effective percentage							6.00%
Common Stock Issued			$ 214,000,000	$ 1,500,000		$ 414,250
Value of Common Stock Issued		$ 1,500,000
Common Stock Issued for Conversion of Note Payable					450,000
Interest		6.00%
Prefferred Stock Issued			16,000,000
Transfer of common shares			9,457,931
Interest in Joint Venture			75.00%