Golden Matrix (GMGI) 10-K 23 Oct 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jul. 31, 2019	Oct. 22, 2019	Jan. 31, 2019
Document And Entity Information
Entity Registrant Name	Golden Matrix Group, Inc.
Entity Central Index Key	0001437925
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--07-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Jul. 31, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		2,845,318,757
Entity Public Float			$ 1,616,023

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jul. 31, 2019	Jul. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,731,095	$ 446,581
Accounts receivable, net	264,558	10,005
Accounts receivable - related parties	1,009,397	362,288
Prepaid expenses		1,000
Total current assets	3,005,050	819,874
Total assets	3,005,050	819,874
Current liabilities:
Accounts payable and accrued liabilities	41,104	14,391
Accounts payable - related parties	526,541	376,217
Advances from shareholders	1,000	1,000
Accrued interest	24,510	155,384
Settlement Payable	145,000	9,302
Convertible notes payable, net of discounts	30,000	30,000
Convertible notes payable, net- in default	10,000	11,929
Convertible notes payable- related party-in default		495,712
Contingent liability-related party		1,055,312
Promissory note-related party	1,033,567
Derivative liabilities - note conversion feature	15,000	11,930
Total current Liabilities	1,826,722	2,161,177
Non-current Liabilities:
Settlement Payable - Long-term	145,000
Total liabilities	1,971,722	2,161,177
Commitments and contingencies
Shareholders' equity:
Common stock: $0.00001 par value; 6,000,000,000 and 6,000,000,000 shares authorized; 2,845,318,757 and 2,622,904,757 shares issued and outstanding respectively	28,453	26,229
Additional paid-in capital	27,443,293	26,840,794
Stock Payable
Accumulated other comprehensive loss	(683)	(683)
Accumulated deficit	(26,437,735)	(28,207,643)
Total shareholders' equity (deficit)	1,033,328	(1,341,303)
Total liabilities and shareholders' equity	3,005,050	819,874
Preferred Stock Series A [Member]
Shareholders' equity:
Preferred stock, Series A: $0.00001 par value; 19,999,000 shares authorized, none outstanding
Preferred Stock Series B [Member]
Shareholders' equity:
Total shareholders' equity (deficit)
Preferred stock, Series A: $0.00001 par value; 19,999,000 shares authorized, none outstanding

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2019	Jul. 31, 2018
Shareholders' equity
Common stock, shares par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	6,000,000,000	6,000,000,000
Common stock, shares issued	2,845,318,757	2,622,904,757
Common stock, shares outstanding	2,845,318,757	2,622,904,757
Preferred stock, shares par value	$ 0.00001
Preferred stock, shares authorized	20,000,000
Preferred Stock Series A [Member]
Shareholders' equity
Preferred stock, shares par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	19,999,000	19,999,000
Preferred stock, shares outstanding	0	0
Preferred Stock Series B [Member]
Shareholders' equity
Preferred stock, shares par value	$ 0.00001	$ 0.00001
Preferred stock, shares authorized	1,000	1,000
Preferred stock, shares outstanding	1,000	1,000
Preferred stock, shares issued	1,000	1,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Consolidated Statements of Operations
Revenues-related party	$ 2,429,442	$ 915,804
Sales	452,771
Cost of goods sold	(21,998)	(72,003)
Gross profit	2,860,215	843,801
Costs and expenses:
G&A expense	321,339	186,040
G&A expense- related party	199,648	209,100
Compensation expense - Acquisition cost - related party	90,873	1,242,812
Professional fees	60,631	67,687
Amortization expenses	206,842	129,109
Bad debt expense	168,557
Total operating expenses	1,047,890	1,834,748
Gain (Loss) from operations	1,812,325	(990,947)
Other income (expense):
Interest expense	(45,350)	(162,041)
Interest Earned	8,120
Gain (Loss) on extinguishment of debt	(106)	129
Gain (Loss) on derivative liability	(5,081)	(165,514)
Total other income (expense)	(42,417)	(327,426)
Net income (Loss)	$ 1,769,908	$ (1,318,373)
Net earnings (loss) per common share - basic	$ 0	$ 0
Net earnings (loss) per common share diluted	$ 0	$ 0
Weighted average number of common shares outstanding - basic	2,814,601,020	1,159,457,924
Weighted average number of common shares outstanding -diluted	4,138,911,172	1,159,457,924

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($)	Total	Common Stock Shares	Additional Paid-in Capital	Stock Payable	Accumulated Other Comprehensive Income Loss	Accumulated Deficit	Preferred Stock Series B [Member]
Balance, shares at Jul. 31, 2017		141,096,983					1,000
Balance, amount at Jul. 31, 2017	$ (1,536,147)	$ 1,411	$ 25,350,795	$ 1,600	$ (683)	$ (26,889,270)
Issuance of shares for convertible notes conversion, shares		1,046,246,456
Issuance of shares for subscription agreement, shares		300,000,000
Issuance of shares for convertible notes conversion - related party, shares		250,000,000
Issuance of shares for services, shares		680,000,000
Issuance of shares for settlement of accounts payable-related party, shares		205,561,318
Fair value of options/warrants issued for services	201,112		201,112
Net income	$ (1,318,373)					$ (1,318,373)
Imputed interest
Issuance of shares for convertible notes conversion, amount	535,405	10,462	526,543	(1,600)
Issuance of shares for convertible notes conversion - related party, amount	300,000	2,500	297,500
Issuance of shares for subscription agreement, amount	120,000	3,000	117,000
Issuance of shares for services, amount	236,700	6,800	229,900
Issuance of shares for settlement of accounts payable -related party, amount	120,000	$ 2,056	117,944
Balance, shares at Jul. 31, 2018		2,622,904,757					1,000
Balance, amount at Jul. 31, 2018	$ (1,341,303)	$ 26,229	$ 26,840,794		$ (683)	$ (28,207,643)
Issuance of shares for convertible notes conversion - related party, shares
Issuance of shares for services, shares		13,000,000
Fair value of options/warrants issued for services	228,840		228,840
Net income	$ 1,769,908					$ 1,769,908
Issuance of shares for settlement of convertible note-related party, shares		209,414,000
Imputed interest	16,440		16,440
Gain on extinguishment of debt-related party	114,618		114,618
Issuance of shares for services, amount	30,100	130	29,970
Issuance of shares for settlement of convertible note-related party	209,414	2,094	207,320
Issuance of shares for settlement of conversion note	5,311		5,311
Balance, shares at Jul. 31, 2019		2,845,318,757					1,000
Balance, amount at Jul. 31, 2019	$ 1,033,328	$ 28,453	$ 27,443,293		$ (683)	$ (26,437,735)

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Cash flows from operating activities
Net income (loss)	$ 1,769,908	$ (1,318,373)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Unrealized loss on derivative liabilities-note conversion feature	5,081	165,514
Fair value of stock option issued for services	21,998	49,200
Fair value of shares issued for services	30,100	201,112
Amortization expense	206,842	107,300
Loss (Gain) on extinguishment of debt	106	(129)
Imputed Interest	16,440
Compensation expense-Acquisition-related party	90,873	1,242,812
Penalty on convertible notes payable	8,600	11,800
Bad debt expense	168,557
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(423,110)	(10,005)
(Increase) decrease in accounts receivable - related party	(647,109)	(299,788)
(Increase) decrease in Prepaid expense	1,000	(1,000)
(Decrease) increase in accounts payable and accrued liabilities	26,713	(11,698)
(Decrease) increase in accounts payable - related party	150,324	111,233
(Decrease) increase in accrued interest	25,611	54,738
Net cash provided by operating activities	1,451,934	302,716
Cash flows from financing activities:
Proceeds from notes payable		38,000
Proceeds from subscription agreement		120,000
Repayments on settlement payable	(167,420)	(39,302)
Net cash provided by (used in) financing activities	(167,420)	118,698
Net increase in cash and cash equivalents	1,284,514	421,414
Cash and cash equivalents at beginning of year	446,581	25,167
Cash and cash equivalents at end of year	1,731,095	446,581
Supplemental disclosure of cash flow information:
Settlement of derivative liability	5,311	160,440
Common stock issued for conversion of debt		674,961
Common stock issued for conversion of debt - related party	209,414
Debt discount from derivative liability	3,300	49,800
Settlement payable	448,012	47,919
Shares issued for settlement of accounts payable - related party		120,000
Extinguishment of contingent liability - related party	1,031,567
Gain on extinguishment of contingent liability - related party	$ 114,618

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Jul. 31, 2019
NATURE OF BUSINESS AND BASIS OF PRESENTATION
NOTE 1 - NATURE OF BUSINESS AND BASIS OF PRESENTATION	Golden Matrix Group, Inc. (“GMGI” or “Company”) was incorporated in the State of Nevada on June 4, 2008, under the name Ibex Resources Corp. The Company business at the time was mining and exploration of mineral properties. On August 31, 2009, the Company changed its name to Source Gold Corp. in order to reflect the focus of the Company. In April 2016, the Company changed its name to Golden Matrix Group, Inc., reflected the changing direction of the Company business to software technology. GMGI has a global presence with offices in Las Vegas Nevada and Sydney Australia. GMGI’s sophisticated social gaming software supports multiple languages including English and Chinese. The accompanying consolidated financial statements of GMGI have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Jul. 31, 2019
GOING CONCERN
NOTE 2 - GOING CONCERN	The accompanying consolidated financial statements of GMGI have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has suffered significant net losses from operations in prior periods and had an accumulated deficit of $26,437,735 as of July 31, 2019. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. During this financial year, the Company has generated net profit of $1,769,908. The revenue growth during this year has produced solid profitability and excellent cash flow. The management plans to expand the customer base globally and to integrate additional operators, launch additional synergistic products and appoint more distributors to keep the growth of revenues. As such, the Company continues to adopt the going concern basis of accounting in preparing the consolidated financial statements.

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES	12 Months Ended
	Jul. 31, 2019
SUMMARY OF ACCOUNTING POLICIES
NOTE 3 - SUMMARY OF ACCOUNTING POLICIES	Use of Estimates The preparation of 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 at the date of the balance sheet. Significant items subject to such estimates and assumptions include contingent liability, stock-based compensation, warrant valuation and collectability of accounts receivable. Actual results could differ from those estimates. Allowance for doubtful accounts The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. The Company determines the allowance based on known troubled accounts, historical experience, and other currently available evidence. As of July 31, 2019 and 2018, the allowance for doubtful accounts was $168,557 and $0, respectively. As of July 31 2019, the Company had an accounts receivable of $433,115 for Red Label Technology Pty Ltd. Whilst management is confident that Red Label Technology will settle the debt, it has recorded an allowance for doubtful accounts in the amount of $168,557. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Derivative Instruments We review the terms of the note we issue to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains embedded derivative instrument, including the conversion option, that is required to be bifurcated. The bifurcated derivative instruments are accounted for as a single, compound derivative instrument. Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. The fair value of the derivative liability was calculated using Black-Sholes Model. Contingent Liabilities We record contingent liabilities when we believe that it is both probable that a loss has been incurred and the amount can be reasonably estimated. Significant judgment is required to determine both probability and the estimated amount. We review these provisions quarterly and adjust these provisions accordingly to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and updated information. Debt Discount Debt discount is amortized over the term of the related debt using the effective interest rate method. Fair Value of Financial Instruments The Company measures its financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. A three-tier fair value hierarchy prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable, such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one more significant inputs or significant value drivers are unobservable. Our financial instruments include cash, accounts payable and accrued liabilities, notes payable, convertible notes payable, advances from shareholder, and derivative liabilities. The carrying values of these financial instruments approximate their fair value due to their short-term nature. The derivative liabilities are stated at their fair value as a level 3 measurement. The Company used a Black-Scholes model to determine the fair values of these derivative liabilities. Share-Based Compensation The Stock-based compensation expense is recorded as a result of stock options granted in return for services rendered. Previously, the share-based payment arrangements with employees were accounted for under ASC 718, while nonemployee share-based payments issued for goods and services are accounted for under ASC 505-50. ASC 505-50 differs significantly from ASC 718. On June 20, 2018, the FASB issued ASU 2018-07, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The Company has adopted the new standard and has made some adjustment with regard to the share-based compensation costs. Under the ASU 2018-07, the measurement of equity-classified nonemployee share-based payments is generally fixed on the grant date. And the options are no longer revalued on each reporting date. The expenses related to the share-based compensation are recognized on each reporting date. The amount is calculated as the difference between total expenses incurred and the total expenses already recognized. Income Taxes The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. 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 of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized. Earnings (Loss) Per Common Share Basic net earnings (loss) per common share are computed by dividing net earnings (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The dilutive effect of outstanding convertible securities is reflected in diluted earnings per share by application of the if-converted method. The following is a reconciliation of basic and diluted earnings (loss) per common share for 2019 and 2018: For the Years Ended July 31, 2019 2018 Basic earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ 1,769,908 $ (1,318,373 ) Denominator: Weighted average common shares outstanding 2,814,601,020 1,159,457,924 Basic earnings (loss) per common share $ 0.00 $ (0.00 ) Diluted earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ 1,769,908 $ (1,318,373 ) Denominator: Weighted average common shares outstanding 2,814,601,020 1,159,457,924 Preferred shares 1,000 - Warrants/Options 1,316,132,485 Convertible Debt 8,176,667 - Adjusted weighted average common shares outstanding 4,138,911,172 1,159,457,924 Diluted earnings (loss) per common share $ 0.00 $ (0.00 ) For the year ended July 31, 2018 the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. Revenues Recognition 1. Step 1: Identify the contract with a customer. 2. Step 2: Identify the separate performance obligations in the contract. 3. Step 3: Determine the transaction price. 4. Step 4: Allocate the transaction price to the separate performance obligations in the contract. 5. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 – Revenue Recognition. Under ASC 605, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable, and collectability is probable. There was no impact on the Company’s financial statements as a result of adopting Topic 606 for year ended July 31, 2019. Subsequent Events GMGI evaluated subsequent events through the date these financial statements were issued for disclosure purposes. Recently Issued Accounting Standards In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . Under the new guidance, lessees will be required to recognize all leases (with the exception of short-term leases) on the balance sheet as a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis and a right-of-use asset, which is an asset that represents the lessee¹s right to use, or control the use of, a specified asset for the lease term. The new standard is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, with early application permitted. The new standard is to be applied using a modified retrospective approach. The Company is currently evaluating the impact of the new pronouncement on its financial statements. On June 20, 2018, the FASB issued ASU 2018-07, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. For public business entities (PBEs), the amendments in ASU 2018-07 are effective for fiscal years beginning after December 15, 2018, including interim periods therein. Early adoption is permitted if financial statements have not yet been issued (for PBEs), but no earlier than an entity’s adoption date of ASC 606. If early adoption is elected, all amendments in the ASU that apply must be adopted in the same period. In addition, if early adoption is elected in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company has adopted the ASU 2018-07 and has adjusted the share-based compensation costs. The management believes the new standard can best represent the company’s operating results. The company reversed the previously recorded cost of goods sold of $353,351, and recorded the cost of goods sold of $21,998 for the entire fiscal year based on the new standard. The Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

ACCOUNTS RECEIVABLE RELATED PAR

ACCOUNTS RECEIVABLE RELATED PARTY	12 Months Ended
	Jul. 31, 2019
ACCOUNTS RECEIVABLE RELATED PARTY
NOTE 4 - ACCOUNTS RECEIVABLE - RELATED PARTY	Accounts receivable-related party are carried at their estimated collectible amounts. Trade accounts receivable are periodically evaluated for collectability based on past credit history with customers and their current financial condition. The Company has accounts receivable from two related parties: Articulate Pty Ltd and Globaltech Software Services LLC. As of July 31, 2019, the Company has $988,558 receivable from Articulate and $20,839 receivable from Globaltech. In total, the Company has account receivable from related party of $1,009,397 and $362,288 in year 2019 and 2018, respectively.

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Jul. 31, 2019
NOTES PAYABLE
NOTE 5 - NOTES PAYABLE	Convertible notes payable Convertible notes payable at July 31, 2019 and 2018 consisted of the following: July 31, July 31, 2019 2018 Convertible Note #2 30,000 30,000 Convertible Note #46 - in default - 1,929 Convertible Note #59 - in default 10,000 10,000 Convertible Note #68- Related party- in default - 495,712 Notes payable, principal $ 40,000 $ 537,641 Total notes payable, net of discount $ 30,000 $ 30,000 Total notes payable, net of discount - in default $ 10,000 $ 507,641 Convertible Note #2 On March 19, 2012, the Company received $30,000 cash from the issuance of a convertible promissory note in the amount of $30,000. The promissory note is unsecured, interest free and repayable upon demand. As of July 31, 2019 and 2018, principal of this note was $30,000 and $30,000, respectively. The note may be converted at the option of the holder into Common stock of the Company. The fixed conversion price is $0.01 per share. Accordingly the note may be converted into 3,000,000 common shares of the Company. The Company determined that this Promissory note should be accounted for in accordance with FASB ASC 470-20 which addresses “Accounting for Convertible Securities with Beneficial Conversion Features”. The beneficial conversion feature is calculated at its intrinsic value (that is, the difference between the conversion price $0.01 and the fair value of the common stock into which the debt is convertible at the commitment date (per share being $0.08), multiplied by the number of shares into which the debt is convertible. The valuation of the beneficial conversion feature recorded cannot be greater than the face value of the note issued. As of July 31, 2019, debt discount balance $0 was recorded. Convertible Note #46 On July 9, 2014, the Company received funding pursuant to a convertible promissory note in the amount of $33,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on July 9, 2015. The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $130,556 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model. The Black-Scholes valuation model takes into consideration the share price of the Company, the exercise price of the option, the amount of time before the option expires, and the volatility of share price. The debt discount is amortized over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. On August 28, 2018, the Company entered into Settlement Agreement and Mutual General Release (the “Settlement Agreement”) with the note holder whereby the parties agreed to release each other from any, and all liabilities relating to the Convertible Promissory Note (Note 46). In this Settlement Agreement, the Company agreed to pay out the remaining balance of the note principal of $1,929, accrued interest of $154, default interest and penalty of $5,927, and also the Company recorded a loss on settlement of $106, totaling $8,118. As of July 31, 2019, the balance of this Note was $0. Convertible Note #59 On July 31, 2015 the Company entered into a Convertible Promissory Note with Direct Capital Group, Inc. in the sum of $240,000. The promissory note is unsecured, bears interest at 8% per annum, and matures on January 31, 2016. Any principal amount not paid by the maturity date bears interest at 22% per annum. On April 26, 2016, $50,000 was reassigned to Blackbridge Capital, LLC (“Blackbridge”). Blackbridge failed to meet terms of the Assignment and Assumption and were therefore in default of their obligations. The Company took legal advice regarding the breach of Blackbridge Capital LLC’s obligations. On the June 2, 2016, the Company’s legal counsel, wrote to Blackbridge Capital advising them of the breach and also that the Company had cancelled the remaining balance on the note. The Company recorded a gain on extinguishment of debt $47,151. On July 21, 2016, $25,000 was reassigned to Istvan Elek. At any time the note may be converted at the option of the holder into Common stock of the Company. The conversion price is 50% of the market price, where market price is defined as “the lowest closing price on any day with a fifteen day look back”. On September 22, 2016, the Company entered into a Cancellation and Release Agreement with Direct Capital Group, Inc. (“Direct”). In terms of Cancellation and Release Agreement, Direct agreed to cancel the convertible promissory note with the Company totaling $183,157. In consideration for the cancellation of the convertible promissory notes and in terms of the Asset Purchase Agreement dated February 22, 2016, the Company has agreed to transfer ownership of mining claims held in the Company’s name. It was also agreed by both the Company and Direct that Direct shall release all future claims to subsequent conversions of the Notes and the Company will have no further obligation to Direct under those Convertible Notes and Direct shall be forever barred from seeking further conversions or claiming obligations of the Company under the Convertible Notes. The Company recorded a gain on extinguishment of debt of $165,000 related to the agreement. As of July 31, 2019, principal balance of this note was $10,000. Convertible Note #68 On March 1, 2016 the Company entered into a convertible promissory note with Luxor Capital, LLC in the amount of $2,374,712. The promissory note is unsecured, bears interest at 6% per annum, and matures on March 1, 2017. Upon the holder’s option to convert becoming active the Company recorded a debt discount and derivative liability of $1,662,243 being the fair value of the conversion feature which was determined using the Black-Scholes valuation model based on the stock price of $0.2985, exercise price of $0.4264, time to maturity of 1 year and expected volatility of 1557%. The debt discount is accreted to the statement of operations using the effective interest rate method over the term of the note or to the date of conversion, and the derivative liability is revalued at each reporting date to fair value. Any change in fair value is credited or charged to the statement of operations in the period. On September 10, 2018, the Company entered into Settlement Agreement with Luxor Capital LLC (“Luxor”) whereby the parties agreed to release each other from any, and all liabilities relating to the Convertible Promissory Note. Pursuant to the Settlement Agreement, the Company agreed to pay out the remaining balance of the note totaling $649,414 by converting $209,414 into common stock at a conversion price $0.001, by making a payment of $150,000 and by entering into an interest free loan for the balance of $290,000, such loan to be repaid in two equal instalments of $145,000 on the September 10, 2019 and September 10, 2020. And no discount was recorded for the settlement amount. On September 10, 2018, 209,414,000 shares of common stock were issued for the conversion of $209,414. As of July 31, 2019, principal balance of this note was $0. Settlement payable increased by $145,000 and non-current liability increased by $145,000 due to this Settlement Agreement. As of October 9, 2019, $145,000 settlement payable due on September 10, 2019 was in default. Settlement Payable on Note#45 On July 9, 2014, the Company arranged a debt swap under which Syndication Capital Note #20 for $75,000 was transferred to LG Capital Funding, LLC. The promissory note is unsecured, bears interest at 8% per annum and matures on July 9, 2015. The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date. On May 24, 2018, the Company entered into Settlement Agreement and Mutual General Release (the “Settlement Agreement”) with LG Capital Funding LLC (“LG”) whereby the parties agreed to release each other from any, and all liabilities relating to the Convertible Promissory Note. In this Settlement Agreement, the Company agreed to pay out the remaining balance of the note totaling $48,604. As of July 31, 2018, the principle balance of this note was $0, and the settlement payable on this note was $9,302. As of July 31, 2019, the Company has paid all settlement payable on Note #45 and there is no outstanding balance on this note. Debt Discount The table below presents the changes of the debt discount during the years ended July 31, 2019 and 2018: 2019 2018 July 31, $ 0 $ 12,034 Additions 3,300 66,227 Amortization (3,300 ) (78,261 ) July 31, $ 0 $ 0 Loans from Shareholders During the year ended July 31, 2016 and, the Company received a loan of $1,000 from its officer to open a new bank account. As of July 31, 2019, the balance of the loan was $1,000. The loan form the officers are due on demand, unsecured with no interest. Promissory Note Payable On February 28, 2018, the company entered into an Asset Purchase Agreement with Luxor Capital, LLC. Pursuant to the agreement the company purchased certain Intellectual Property and Knowhow (the “GM2 Asset”). In exchange for the GM2 asset, the company issued 625,000,000 shares of common stock valued at $187,500 based on closing market price on the date of the agreement as well as an earn-out payment which states that the Company, on or before April 30, 2019, will issue an earn-out note calculated at 50% of the revenues generated by the GM2 Asset system during the 12-month period of March 1, 2018 to February 28, 2019. During the period ended July 31, 2018, the Company recorded a contingent liability of $1,055,312. By the end of February 28, 2019, a $90,873 fair value loss on contingent liability was recognised due to the adjustment on the estimate of the potential future payments of the earn-out note. Related to the earn-out note, as of February 28, 2019, the Company recorded a contingent liability of $1,146,185 for the liability due to Luxor. On April 1, 2019, Luxor proposed 10% discount on the payable amount, the Company agreed to issue a Promissory Note of $1,031,567 regarding to the Asset Purchase agreement, $114,618 additional paid in capital was recorded for gain on extinguishment – related party. Pursuant to the Promissory Note, 20% of the total value shall be paid on signing the agreement, 40% of the total value shall be paid on October 1, 2019, and 40% of the total value including any accrued interest shall be paid on April 1, 2020. The late payment fee would be $500 per month. The liabilities assumed were comprised of the following: Contingent liability as of July 31, 2018 $ 1,055,312 Fair value loss on contingent liability 90,873 Gain on extinguishment – related party (114,618 ) Late payment fee 2,000 Promissory Note as of July 31, 2019 $ 1,033,567

DERIVATIVE LIABILITIES - NOTE C

DERIVATIVE LIABILITIES - NOTE CONVERSION FEATURE	12 Months Ended
	Jul. 31, 2019
DERIVATIVE LIABILITIES - NOTE CONVERSION FEATURE
NOTE 6 - DERIVATIVE LIABILITIES - NOTE CONVERSION FEATURE	Due to the conversion features contained in the convertible notes issued, the actual number of shares of common stock that would be required if a conversion of the notes as further described in Note 5 was made through the issuance of the Company’s common stock cannot be predicted, and the Company could be required to issue an amount of shares that may cause it to exceed its authorized share amount. As a result, the conversion feature requires derivative accounting treatment and will be bifurcated from the notes and “marked to market” each reporting period through the income statement. The fair value of the conversion future of the notes was recognized as a derivative liability instrument and will be measured at fair value at each reporting period. During the year July 31, 2019 and 2018, the Company recorded derivative liabilities for embedded conversion features related to convertible notes payable of $3,300 and $95,266 respectively. The Company remeasured the fair value of the instruments as of July 31, 2019 and 2018, and recorded an unrealized loss of $5,081 and $165,514 respectively. The Company recorded a gain on settlement of derivative liability of $5,310 and $160,440 as of July 31, 2019 and 2018, respectively. As of July 31, 2019 and 2018, the derivative liability associated with the note conversion features were $15,000 and $11,930, respectively. These derivative liabilities have been measured in accordance with fair value measurements, as defined by ASC 820. The valuation assumptions are classified within Level 1 and Level 2 inputs. The following table represents the Company’s derivative liability activity for the embedded conversion features discussed above: 2019 2018 Fair value at July 31, $ 11,930 $ 136,177 Initial recognition of derivative liability 3,300 95,266 Conversion of derivative liability - (224,587 ) Market-to-Market adjustment to fair value 5,081 165,514 Gain on settlement agreement (5,311 ) (160,440 ) Fair value at July 31, $ 15,000 $ 11,930

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jul. 31, 2019
RELATED PARTY TRANSACTIONS
NOTE 7 - RELATED PARTY TRANSACTIONS	All related party transactions have been recorded at the exchange value which was the amount of consideration established and agreed to by the related parties. Luxor Capital, LLC On February 22, 2016, the Company entered into an Asset Purchase Agreement with Luxor Capital, LLC, which is wholly owned by Anthony Goodman, CEO of the Company. The Company purchased a Certain Gaming IP, along with the “know how” of that Gaming IP from Luxor. Pursuant to the Asset Purchase Agreement, 11,112 shares of common stock have been issued to Luxor Capital, LLC and its designed party. On March 1 2016, the Company issued a convertible promissory note to Luxor. The Company promised to pay to Luxor the principal amount of $2,874,712 together with any accrued interest at a rate of 6%. On September 10, 2018, the Company entered into Settlement Agreement and Mutual General Release Agreement (the “Settlement Agreement”) with Luxor to release all liabilities relating to the Convertible Note issued on March 1, 2016 (the “Note”), the Company agreed to pay out the remaining balance totaling $649,414 by converting $209,414 into common stock at a conversion price $0.001, and a payment of $150,000, and by entering into an interest free loan for the remaining balance of $290,000. As of July 31, 2019, the settlement payable of $145,000 and the non-current liability of $145,000 consisted of the interest free loan. Although Luxor did not charge interest on this loan, the imputed interest was still recorded during the year. On February 28, 2018, the Company entered into an Asset Purchase Agreement with Luxor to acquire certain Intellectual Property and Know-how ( the “GM2 Asset), the aggregate purchase price was 625,000,000 shares of common stock valued at $187,500 on the date of issuance and an Earnout Note Payable calculated at 50% of the revenues generated by GM2 during the 12-month period from March 1, 2018 to February 28, 2019. On April 1, 2019, $1,146,185 contingent liability related to the Earnout Note was recognized. The GM2 Asset is expected to lead to new clients and incremental revenues by allowing the Company to offer unique IP to Social Gaming Clientele. On April 1, 2019, the Company issued a Promissory Note in terms of the Asset Purchase Agreement with Luxor entered on February 28, 2018. Luxor has proposed a 10% discount to the amount of the Promissory Note. The note bears 6% interest rate. As of July 31, 2019, the balance of the Promissory Note was $1,031,567; interest accrued was $ 20,518, and a late fee payable was $2,000. The total amount was $1,033,567, Brian Goodman On February 22, 2016, the Company entered into a Consulting Service Agreement with its Chief Executive Officer, Anthony Goodman. Pursuant to the Agreement, the consulting fee could be settled in shares. During the year ended July 31, 2018, the Company issued 102,780,659 shares of common stock to settle account payable of $60,000 to Mr. Goodman. As of July 31, 2019, the Company has a $ 125,471 payable to Mr. Goodman. On January 3, 2018, the Company granted a stock option plan: the 2018 Equity Incentive Plan. In terms of this plan, on January 3, 2018 and September 19, 2019, the Company issued share options to Brian Goodman. More details of the options are covered in Note 9 Equity and Note 14 Subsequent Event. Weiting Feng On February 22, 2016, the Company entered into a Consulting Service Agreement with its Financial Executive Officer, Weiting Feng. Pursuant to the Agreement, the consulting fee could be settled in shares. During the year ended July 31, 2018, the Company issued 102,780,659 shares of common stock to settle account payable of $60,000 to Ms. Feng. As of July 31, 2019, the Company has a $ 145,524 payable to Ms. Feng. On January 3, 2018, the Company granted a stock option plan: the 2018 Equity Incentive Plan. In terms of this plan, on January 3, 2018 and September 16, 2019, the Company issued share options to Weiting Feng. More details of the options are covered in Note 9 Equity and Note 14 Subsequent Event. Articulate Pty Ltd On April 1, 2016, the Company entered into a Services Agreement with Articulate Pty Ltd, which is wholly owned by Anthony Goodman CEO of the Company, for consulting services. Pursuant to the agreement Articulated would receive $4,500 per month for services rendered and reimbursement of office expenses from the Company. On January 1, 2018, the Company amended the Back Office Agreement, in which Articulate discontinued to provided services, however the term of the Back Office Agreement will continue for a further 12 months for with regard to further co-operation. On December 1, 2018, the Company entered into an Amendment to Back Office Agreement with Articulate Pty Ltd. The Company shall increase the contribution from $2,300 per month to $5,500 per month. During the year ended July 31, 2019 and 2018, general and administrative expense related to the back office service was $53,200 and $27,600, respectively. As of July 31, 2019, the Company has a $255,546 payable to Articulate Pty Ltd. On March 1, 2018, the Company entered into a License Agreement with Articulate, in which Articulate received a license from the Company to use GM2 Asset technology, and would pay the Company a usage fee calculated as a certain percentage of the monthly content and software usage within the GM2 Assent system. From July 1, 2018, the Company provided system for usage in additional currency, a lower usage fee scale was agreed in an Addendum for the additional market. As of July 31, 2019, revenue from Articulate during this financial year is $2,389,442, the Company has a $988,558 receivable from Articulate. Globaltech Software Services LLC On June 1, 2016, the Company entered a distribution usage rights agreement with Globaltech Software Services LLC. (“Globaltech”), a company in which Anthony Goodman the Chief Executive Officer has an interest. The Company agreed to provide certain proprietary technology in the form of a Credit Management system, Social Gaming system and other Marketing and Gaming Technology. This agreement not only brings operating revenue to the Company, but also solidifies the Company’s expertise in the social gaming market. On December 1, 2018, the Company entered into an Cancellation of Distribution Usage Rights Agreement with Globaltech. The parties have agreed to suspend minimum monthly charge from December 1, 2018 and work together to enter into a Co-operation agreement in coming months. During the year ended July 31, 2019 and 2018, revenue from Globaltech was $40,000 and $120,000, respectively. As of July 31, 2019, the Company had a $20,839 accounts receivable from Globaltech.

EQUITY

EQUITY	12 Months Ended
	Jul. 31, 2019
EQUITY
NOTE 8 - EQUITY	Preferred Stock The Company has authorized to issue 20,000,000 preferred shares with par value of $0.00001 per share. On August 10, 2015, the Company's Board of Directors authorized the creation of 1,000 shares of Series B Voting Preferred Stock. The holder of the shares of the Series B Voting Preferred Stock has the right to vote regarding any matter or action that is required to be submitted to the shareholders of the Company for approval. The vote of each share of the Series B Voting Preferred Stock is equal to and counted as 4 times the votes of all of the shares of the Company's (i) common stock, and (ii) other voting preferred stock issued and outstanding on the date of each and every vote or consent of the shareholders of the Company regarding each and every matter submitted to the shareholders of the Company for approval. On August 10, 2015, the Company filed a Certificate of Designation with the Nevada Secretary of State creating the 1,000 shares of Series B Voting Preferred Stock On August 14, 2015, the Company issued 1,000 shares of Series B Voting Preferred Stock to Santa Rosa Resources, representing 100% of the total issued and outstanding shares of the Company's Series B Voting Preferred Stock. On April 3, 2016, the Company cancelled 1,000 shares of Series B Voting Preferred Stock to Santa Rosa Resources and a new certificate issued in the name of Luxor Capital LLC in the amount of 1000 Series B shares. As of July 31, 2019 and 2018, 19,999,000 Series A preferred shares and 1,000 Series B preferred shares of par value $0.00001 were authorized, of which 0 Series A shares were issued and outstanding, 1,000 Series B shares were issued and outstanding. Common Stock The Company is authorized to issue 6,000,000,000 shares of its $0.00001 par value common stock. On September 10, 2018, the Company issued 209,414,000 shares of common stock for the conversion of notes payable held by Luxor of $209,414. No gain or loss was recorded on the conversion due to the conversion being made within the terms of the original note agreement. On October 1, 2018, the Company issued 3,000,000 shares of common stock to Joshua Ramsdell for services, in regarding to the Consulting Services Agreement entered on June 7, 2018. The shares have been recorded at their market value of $2,100. Total number of shares issued to Joshua Ramsdell per agreement was 6,000,000. 3,000,000 shares have been issued during last year and have been recorded at the market value of $3,000. On April 1, 2019, the Company issued 10,000,000 shares of common stock to James Caplan for services, in regarding to the 2 nd As of July 31, 2019, 6,000,000,000 common shares of par value $0.00001 were authorized, of which 2,845,318,757 shares were issued and outstanding. As of July 31, 2018, 6,000,000,000 common shares of par value $0.00001 were authorized, of which 2,622,904,757 shares were issued and outstanding. Stock Option Plan On January 3, 2018, the Company granted a stock option plan: the 2018 Equity Incentive Plan. The fair value of stock option was measured using the Black-Scholes option pricing model. The Black-Scholes valuation model takes into consideration the share price of the Company, the exercise price of the option, the amount of time before the option expires, and the volatility of share price. The compensation expense will be charged to operations through the vesting period. The amount of cost will be calculated based on the new accounting standard ASU 2018-07. (a) External Consultants: On January 3, 2018, the Company granted stock options to 9 external consultants, each of them was granted to purchase 30,000,000 shares of common stock of the Company at exercise price of $0.0004 with vesting period of three years, vesting 33% each anniversary for three years. The expiration date will be June 30, 2021. The fair value of each consultant’s option was $11,877 on the grant date based on the share price of $0.0004 on the granting date, exercise price of $0.0004, time to maturity of 3.5 years, and stock price volatility of 273%. During the financial year 2018, two of the consultants have resigned, and their options were forfeited. During the financial year 2019, another two of the consultants have resigned, but one third of their options were vested. As of July 31, 2019, 60,000,000 options above were vested. Except for the forfeited options, the fair value of the stock options above was $71,260 in total on the grant date. On March 15, 2018, the Company granted stock options to an external consultant, James Young. The consultant was granted to purchase 210,000,000 shares of common stock of the Company at exercise price of $0.0004 with vesting period of three years, vesting 33% each anniversary for three years. The expiration date will be June 30, 2021. The fair value of the option was $41,209 on the grant date based on the share price of $0.0002 on the granting date, exercise price $0.0004, time to maturity of 3.5 years, and stock volatility of 263%. As of July 31, 2019, 70,000,000 options were vested. On May 8, 2018, the Company granted stock options to an external consultant, Siu Kei Ho. The consultant was granted to purchase 75,000,000 shares of common stock of the Company at exercise price of $0.0004 with vesting period of three years. The expiration date will be June 30, 2021. Since the consultant did not perform services as anticipated and specified in the consulting agreement, on May 8, 2019, the Company terminated the consulting agreement and all compensation specified in the agreement with Siu Kei Ho. On August 3, 2018, the Company granted stock options to an external consultant, Hongfei Zhang. The consultant was granted to purchase 30,000,000 shares of common stock of the Company at exercise price of $0.0008 with vesting period of three years, vesting 33% each anniversary for three years. The expiration date will be June 30, 2021. The fair value of the stock options was $22,056 on the grant date based on the share price of $0.0008 on the grant date, exercise price of $0.0008, time to maturity of 3.5 years, and stock volatility of 345%. On November 28, 2018, the Company granted stock options to an external consultant, Su He. The consultant was granted to purchase 30,000,000 shares of common stock of the Company at exercise price of $0.0011 with vesting period of three years, vesting 33% each anniversary for three years. The expiration date will be May 29, 2022. The fair value of the stock options was $29,869 on the grant date based on the share price of $0.0011 on the grant date, exercise price of $0.0011, time to maturity of 3.5 years, and stock volatility of 329%. On April 9, 2019 the Company entered a Consultant Agreement and granted stock options to an external consultant, Marc Mcalister. The consultant was granted to purchase 15,000,000 shares of common stock of the Company at exercise price of $0.0022 with vesting period of half year, vesting 100% on October 9, 2019. The expiration date will be April 9, 2020. The fair value of the stock options was $16,820 on the grant date based on the share price of $0.0022 on the grant date, exercise price of $0.0022, time to maturity of 1 year, and stock volatility of 136%. On April 9, 2019 the Company entered a Consultant Agreement and granted stock options to an external consultant, Michael Davies. The consultant was granted to purchase 8,000,000 shares of common stock of the Company at exercise price of $0.0022 with vesting period of half year, vesting 100% on October 9, 2019. The expiration date will be April 9, 2020. The fair value of the stock options was $8,971 on the grant date based on the share price of $0.0022 on the grant date, exercise price of $0.0022, time to maturity of 1 year, and stock volatility of 136%. On June 11, 2019, the Company granted stock options to an external consultant, Zhe Yan. The consultant was granted to purchase 30,000,000 shares of common stock of the Company at exercise price of $0.0032 with vesting period of three years, vesting 33% each anniversary for three years. The expiration date will be December 11, 2022. The fair value of the stock options was $75,312 on the grant date based on the share price of $0.0032 on the grant date, exercise price of $0.0032, time to maturity of 3.5 years, and stock volatility of 244%. On June 11, 2019, the Company granted stock options to an external consultant, Yukun Qiu. The consultant was granted to purchase 30,000,000 shares of common stock of the Company at exercise price of $0.0032 with vesting period of three years, vesting 33% each anniversary for three years. The expiration date will be December 11, 2022. The fair value of the stock options was $75,312 on the grant date based on the share price of $0.0032 on the grant date, exercise price of $0.0032, time to maturity of 3.5 years, and stock volatility of 244%. The cost of sales related to the options were $21,998 in total for the financial year 2019. (b) Directors: The Company granted stock options to its Chief Financial Officer to purchase 210,000,000 shares of common stock of the Company at exercise price of $0.0004 with vesting period of one and a half years, vesting 33% each half year. The fair value of the stock option was $69,615 on August 1, 2018 based on the share price of $0.0004, exercise price of $0.0004, time to maturity of 1 year, and stock volatility of 273%. As of July 31, the options were fully vested. On September 16, 2019, the Company passed a board resolution to extend the expiration date from December 30, 2019 to June 30, 2020. The Company granted stock options to its Chief Executive Officer to purchase 810,000,000 shares of common stock of the Company at exercise price of $0.00044 with vesting period of one and a half years, vesting 33% each half year for one and a half years. The fair value of the stock option was $265,821 on August 1, 2018 based on the share price of $0.0004, exercise price of $0.00044, time to maturity of 1 year, and stock volatility of 273%. As of July 31, the options were fully vested. On September 16, 2019, the Company passed a board resolution to extend the expiration date from December 30, 2019 to June 30, 2020. As of July 31, 2019, 1,020,000,000 stock options granted to directors were vested; $206,842 amortization expense was recorded related to the director’s options.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jul. 31, 2019
INCOME TAXES
NOTE 9 - INCOME TAXES	The U.S. corporate income tax rate was reduced to 21% as a result of the Tax Cuts and Jobs Act(TCJA). A reconciliation of income tax expense to the amount computed at the statutory rates is as follows: 2019 2018 Operating loss (profit) for the years ended July 31 $ (1,769,908 ) $ 1,318,373 Average statutory tax rate 21 % 34 % Deferred tax asset (liability) attributable to net operating loss carry-forwards $ (371,681 ) $ 448,247 Significant components of the Company’s deferred tax assets and liabilities as at July 31, 2019 and 2018 after applying enacted corporate income tax rates, are as follows: 2019 2018 Deferred tax asset (liability) attributable to net operating loss carry-forwards $ (371,681 ) $ 448,247 Less: valuation allowance $ (1,999,943 ) $ (2,789,756 ) Tax benefit $ 1,628,262 $ 3,238,003 Valuation allowance $ (1,628,262 ) $ (3,238,003 ) Net deferred income tax assets $ - $ - The Company has net operating losses carried forward of approximately $7,753,630 for tax purpose which may be recognized in future periods, not to exceed 20 years.

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Jul. 31, 2019
GOING CONCERN
NOTE 10 - CONCENTRATIONS	At the present time, we are dependent on a small number of direct customers for most of our business, revenue and results of operations. The Company’s major revenues for the year ended July 31, 2019 were from two customers, Articulate Pty Ltd and Red Label Technology Pty Ltd. As of July 31, 2019, the aggregate amount of revenues from the two customers were $ $2,842,214 and accounted for approximately 99% of total revenues (83% and 16%, respectively); As of July 31, 2019, the gross amount of accounts receivable from the two customers were $1,421,673 and accounted for approximately 99% of total accounts receivable (69% and 30%, respectively). As of July 31, 2019, the total cash received from Articulate Pty Ltd was $1,682,673 and accounted for 93% of total cash received from customers. The Company maintains strong relationship with these two customers and expect to engage with additional customers in the coming year.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jul. 31, 2019
COMMITMENTS AND CONTINGENCIES
NOTE 11 - COMMITMENTS AND CONTINGENCIES	None.

CONTINGENT LIABILITY

CONTINGENT LIABILITY	12 Months Ended
	Jul. 31, 2019
CONTINGENT LIABILITY
NOTE 12 - CONTINGENT LIABILITY	On February 28, 2018, the Company entered into an Asset Purchase Agreement with Luxor to acquire certain Intellectual Property and Know-how ( the “GM2 Asset), the aggregate purchase price was 625,000,000 shares of common stock valued at $187,500 on the date of issuance and an Earnout Note Payable calculated at 50% of the revenues generated by GM2 during the 12-month period from March 1, 2018 to February 28, 2019. On July 31, 2018, the potential obligations with this agreement was recorded at $1,055,312 as a contingent liability. On April 1, 2019, $1,146,185 contingent liability related to this Earnout Note was recognized. On April 1, 2019, the Company issued a Promissory Note in terms of the Asset Purchase Agreement with Luxor entered on February 28, 2018. Luxor has proposed a 10% discount to the amount of the Promissory Note. The note bears 6% interest rate. As of July 31, 2019, the balance of the Promissory Note was $1,031,567, interest accrued was $ 20,518.29, and a late fee payable of $2,000.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jul. 31, 2019
SUBSEQUENT EVENTS
NOTE 13 - SUBSEQUENT EVENTS	On August 1, 2019, the Company, Pursuant to Chapter 104 - Uniform Commercial Code—Original Articles , NV Rev Stat § 104.3603 (2013) On August 1, 2019, the Company, Pursuant to Chapter 104 - Uniform Commercial Code—Original Articles , NV Rev Stat § 104.3603 (2013) On September 16, 2019, the Company extended the exercise period for options granted to Brian Goodman (CEO) and Weiting Feng (CFO). Originally the expiration date was December 30, 2019; however, due to the delays in filing the S8 by the Company, the Board of Directors passed a board resolution extending the expiration date by six months to June 30 th On September 16, 2019, the Company passed the board resolution to issue additional share options, in terms of the 2018 Equity Incentive Plan, to Brian Goodman (CEO) and Weiting Feng(CFO). Brian Goodman was granted to purchase 405,000,000 shares of the Common stock at exercise price of $0.00605 per share with vesting period of one and a half years, vesting 33% each half year. Weiting Feng was granted to purchase 105,000,000 shares of the Common stock at exercise price of $0.0055 per share with the same vesting schedule. On August 5, 2019, the Company paid $120,000 to Luxor Capital, LLC., and on September 25, 2019, the Company paid $86,313 to Luxor Capital. As of October 9, 2019, the Company has paid 20% of the total promissory note owed to Luxor Capital , LLC., in an amount of $206,313. The 40% of the promissory note due on October 1, 2019 was in default. On October 15, 2019, the Company filed an S-8 Registration statement under the securities Act of 1933, with respect to the 2018 Equity Incentive Plan adopted by the Board on January 3, 2018.

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jul. 31, 2019
SUMMARY OF ACCOUNTING POLICIES
Use of Estimates	The preparation of 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 at the date of the balance sheet. Significant items subject to such estimates and assumptions include contingent liability, stock-based compensation, warrant valuation and collectability of accounts receivable. Actual results could differ from those estimates.
Allowance for doubtful accounts	The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. The Company determines the allowance based on known troubled accounts, historical experience, and other currently available evidence. As of July 31, 2019 and 2018, the allowance for doubtful accounts was $168,557 and $0, respectively. As of July 31 2019, the Company had an accounts receivable of $433,115 for Red Label Technology Pty Ltd. Whilst management is confident that Red Label Technology will settle the debt, it has recorded an allowance for doubtful accounts in the amount of $168,557.
Cash and Cash Equivalents	The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
Derivative Instruments	We review the terms of the note we issue to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments. In circumstances where the host instrument contains embedded derivative instrument, including the conversion option, that is required to be bifurcated. The bifurcated derivative instruments are accounted for as a single, compound derivative instrument. Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. The fair value of the derivative liability was calculated using Black-Sholes Model.
Contingent Liabilities	We record contingent liabilities when we believe that it is both probable that a loss has been incurred and the amount can be reasonably estimated. Significant judgment is required to determine both probability and the estimated amount. We review these provisions quarterly and adjust these provisions accordingly to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and updated information.
Debt Discount	Debt discount is amortized over the term of the related debt using the effective interest rate method.
Fair Value of Financial Instruments	The Company measures its financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. A three-tier fair value hierarchy prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable, such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one more significant inputs or significant value drivers are unobservable. Our financial instruments include cash, accounts payable and accrued liabilities, notes payable, convertible notes payable, advances from shareholder, and derivative liabilities. The carrying values of these financial instruments approximate their fair value due to their short-term nature. The derivative liabilities are stated at their fair value as a level 3 measurement. The Company used a Black-Scholes model to determine the fair values of these derivative liabilities.
Stock-Based Compensation	The Stock-based compensation expense is recorded as a result of stock options granted in return for services rendered. Previously, the share-based payment arrangements with employees were accounted for under ASC 718, while nonemployee share-based payments issued for goods and services are accounted for under ASC 505-50. ASC 505-50 differs significantly from ASC 718. On June 20, 2018, the FASB issued ASU 2018-07, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The Company has adopted the new standard and has made some adjustment with regard to the share-based compensation costs. Under the ASU 2018-07, the measurement of equity-classified nonemployee share-based payments is generally fixed on the grant date. And the options are no longer revalued on each reporting date. The expenses related to the share-based compensation are recognized on each reporting date. The amount is calculated as the difference between total expenses incurred and the total expenses already recognized.
Income Taxes	The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of existing assets and liabilities and loss carry-forwards and their respective tax bases. 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 of a change in tax rules on deferred tax assets and liabilities is recognized in operations in the year of change. A valuation allowance is recorded when it is “more likely-than-not” that a deferred tax asset will not be realized.
Earnings (Loss) Per Common Share	Basic net earnings (loss) per common share are computed by dividing net earnings (loss) available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method. The dilutive effect of outstanding convertible securities is reflected in diluted earnings per share by application of the if-converted method. The following is a reconciliation of basic and diluted earnings (loss) per common share for 2019 and 2018: For the Years Ended July 31, 2019 2018 Basic earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ 1,769,908 $ (1,318,373 ) Denominator: Weighted average common shares outstanding 2,814,601,020 1,159,457,924 Basic earnings (loss) per common share $ 0.00 $ (0.00 ) Diluted earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ 1,769,908 $ (1,318,373 ) Denominator: Weighted average common shares outstanding 2,814,601,020 1,159,457,924 Preferred shares 1,000 - Warrants/Options 1,316,132,485 Convertible Debt 8,176,667 - Adjusted weighted average common shares outstanding 4,138,911,172 1,159,457,924 Diluted earnings (loss) per common share $ 0.00 $ (0.00 ) For the year ended July 31, 2018 the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.
Revenues Recognition	1. Step 1: Identify the contract with a customer. 2. Step 2: Identify the separate performance obligations in the contract. 3. Step 3: Determine the transaction price. 4. Step 4: Allocate the transaction price to the separate performance obligations in the contract. 5. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 – Revenue Recognition. Under ASC 605, revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable, and collectability is probable. There was no impact on the Company’s financial statements as a result of adopting Topic 606 for year ended July 31, 2019.
Subsequent Events	GMGI evaluated subsequent events through the date these financial statements were issued for disclosure purposes.
Recently Issued Accounting Standards	In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . Under the new guidance, lessees will be required to recognize all leases (with the exception of short-term leases) on the balance sheet as a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis and a right-of-use asset, which is an asset that represents the lessee¹s right to use, or control the use of, a specified asset for the lease term. The new standard is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period, with early application permitted. The new standard is to be applied using a modified retrospective approach. The Company is currently evaluating the impact of the new pronouncement on its financial statements. On June 20, 2018, the FASB issued ASU 2018-07, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. For public business entities (PBEs), the amendments in ASU 2018-07 are effective for fiscal years beginning after December 15, 2018, including interim periods therein. Early adoption is permitted if financial statements have not yet been issued (for PBEs), but no earlier than an entity’s adoption date of ASC 606. If early adoption is elected, all amendments in the ASU that apply must be adopted in the same period. In addition, if early adoption is elected in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company has adopted the ASU 2018-07 and has adjusted the share-based compensation costs. The management believes the new standard can best represent the company’s operating results. The company reversed the previously recorded cost of goods sold of $353,351, and recorded the cost of goods sold of $21,998 for the entire fiscal year based on the new standard. The Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

BASIS OF PRESENTATION AND ACCOU

BASIS OF PRESENTATION AND ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jul. 31, 2019
SUMMARY OF ACCOUNTING POLICIES
Basic and diluted earnings (loss) per common share	For the Years Ended July 31, 2019 2018 Basic earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ 1,769,908 $ (1,318,373 ) Denominator: Weighted average common shares outstanding 2,814,601,020 1,159,457,924 Basic earnings (loss) per common share $ 0.00 $ (0.00 ) Diluted earnings (loss) per common share Numerator: Net income (loss) available to common shareholders $ 1,769,908 $ (1,318,373 ) Denominator: Weighted average common shares outstanding 2,814,601,020 1,159,457,924 Preferred shares 1,000 - Warrants/Options 1,316,132,485 Convertible Debt 8,176,667 - Adjusted weighted average common shares outstanding 4,138,911,172 1,159,457,924 Diluted earnings (loss) per common share $ 0.00 $ (0.00 )

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	12 Months Ended
	Jul. 31, 2019
NOTES PAYABLE
Summary of Convertible Notes Payable	July 31, July 31, 2019 2018 Convertible Note #2 30,000 30,000 Convertible Note #46 - in default - 1,929 Convertible Note #59 - in default 10,000 10,000 Convertible Note #68- Related party- in default - 495,712 Notes payable, principal $ 40,000 $ 537,641 Total notes payable, net of discount $ 30,000 $ 30,000 Total notes payable, net of discount - in default $ 10,000 $ 507,641
Debt Discount	2019 2018 July 31, $ 0 $ 12,034 Additions 3,300 66,227 Amortization (3,300 ) (78,261 ) July 31, $ 0 $ 0
Summary of promissory note payable	Contingent liability as of July 31, 2018 $ 1,055,312 Fair value loss on contingent liability 90,873 Gain on extinguishment – related party (114,618 ) Late payment fee 2,000 Promissory Note as of July 31, 2019 $ 1,033,567

DERIVATIVE LIABILITIES NOTE CON

DERIVATIVE LIABILITIES NOTE CONVERSION FEATURE (Tables)	12 Months Ended
	Jul. 31, 2019
DERIVATIVE LIABILITIES - NOTE CONVERSION FEATURE
Derivative Liabilities	2019 2018 Fair value at July 31, $ 11,930 $ 136,177 Initial recognition of derivative liability 3,300 95,266 Conversion of derivative liability - (224,587 ) Market-to-Market adjustment to fair value 5,081 165,514 Gain on settlement agreement (5,311 ) (160,440 ) Fair value at July 31, $ 15,000 $ 11,930

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jul. 31, 2019
INCOME TAXES
Income tax expense	2019 2018 Operating loss (profit) for the years ended July 31 $ (1,769,908 ) $ 1,318,373 Average statutory tax rate 21 % 34 % Deferred tax asset (liability) attributable to net operating loss carry-forwards $ (371,681 ) $ 448,247
Deferred tax assets and liabilities	2019 2018 Deferred tax asset (liability) attributable to net operating loss carry-forwards $ (371,681 ) $ 448,247 Less: valuation allowance $ (1,999,943 ) $ (2,789,756 ) Tax benefit $ 1,628,262 $ 3,238,003 Valuation allowance $ (1,628,262 ) $ (3,238,003 ) Net deferred income tax assets $ - $ -

NATURE OF BUSINESS AND BASIS _2

NATURE OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative)	12 Months Ended
	Jul. 31, 2019
NATURE OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative)
Country or state of incorporation	Nevada
Date of incorporation	Jun. 4, 2008

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
GOING CONCERN (Details Narrative)
Net profit	$ 1,769,908	$ (1,318,373)
Accumulated deficit	$ (26,437,735)	$ (28,207,643)

SUMMARY OF ACCOUNTING POLICIE_2

SUMMARY OF ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Numerator:
Net profit	$ 1,769,908	$ (1,318,373)
Denominator:
Weighted average common shares outstanding	2,814,601,020	1,159,457,924
Basic earnings (loss) per common share	$ 0	$ 0
Numerator:
Net profit	$ 1,769,908	$ (1,318,373)
Denominator:
Weighted average common shares outstanding	2,814,601,020	1,159,457,924
Preferred shares	1,000
Warrants/Options	1,316,132,485
Convertible Debt	8,176,667
Adjusted weighted average common shares outstanding	4,138,911,172	1,159,457,924
Diluted earnings (loss) per common share	$ 0	$ 0

SUMMARY OF ACCOUNTING POLICIE_3

SUMMARY OF ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Cost of goods sold	$ 21,998	$ 72,003
Allowance for doubtful accounts	168,557	0
Accounts receivable	264,558	10,005
Red Label Technology [Member]
Allowance for doubtful accounts	168,557
Accounts receivable	$ 433,115

ACCOUNTS RECEIVABLE RELATED P_2

ACCOUNTS RECEIVABLE RELATED PARTY (Details Narrative) - USD ($)	Jul. 31, 2019	Jul. 31, 2018
Globaltech Software Services LLC [Member]
Account receivable-related party	$ 20,839
Articulate Pty Ltd [Member]
Account receivable-related party	988,558
Articulate Pty Ltd And Globaltech Software Services LLC [Member]
Account receivable-related party	$ 1,009,397	$ 362,288

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	Jul. 31, 2019	Jul. 31, 2018
Notes payable, principal	$ 40,000	$ 537,641
Total notes payable, net of discount	30,000	30,000
Total notes payable, net of discount - in default	10,000	507,641
Convertible Note 2 [Member]
Notes payable, principal	30,000	30,000
Convertible Note 46 [Member]
Notes payable, principal		1,929
Convertible Note 59 [Member]
Notes payable, principal	10,000	10,000
Convertible Note 68 [Member]
Notes payable, principal		$ 495,712

NOTES PAYABLE (Details 1)

NOTES PAYABLE (Details 1) - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
NOTES PAYABLE (Details 1)
Begnning debt discount	$ 0	$ 12,034
Additions	3,300	66,227
Amortization	(3,300)	(78,261)
Ending debt discount	$ 0	$ 0

NOTES PAYABLE (Details 2)

NOTES PAYABLE (Details 2)	12 Months Ended
	Jul. 31, 2019USD ($)
NOTES PAYABLE (Details 1)
Contingent liability-related party	$ 1,055,312
Fair value loss on contingent liability	90,873
Gain on extinguishment of contingent liability - related party	(114,618)
Late payment fee	2,000
Promissory note-related party	$ 1,033,567

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)

Sep. 10, 2018

Mar. 01, 2016

Jul. 09, 2014

Aug. 28, 2018

May 24, 2018

Feb. 28, 2018

Sep. 22, 2016

Jul. 21, 2016

Apr. 26, 2016

Jul. 31, 2015

Mar. 19, 2012

Jul. 31, 2019

Jul. 31, 2018

Jul. 31, 2017

Jul. 31, 2016

Oct. 09, 2019

Feb. 28, 2019

Jul. 09, 2015

Compensation expense-Acquisition-related party

$ 90,873

$ 1,242,812

Gain on extinguishment of contingent liability - related party

(114,618)

Convertible debt

1,031,567

Amortization of debt discount expense

(3,300)

(78,261)

Debt discount

0

12,034

Derivative liability

15,000

11,930

Notes payable, principal

40,000

537,641

Loss (Gain) on extinguishment of debt

106

(129)

Settlement Payable

145,000

9,302

Settlement Payable - Long-term

145,000

Officer [Member]

Loan received

$ 1,000

Luxor Capital LLC [Member]

Common stock shares issued upon conversion of convertible debt

209,414,000

Debt conversion converted amount

$ 209,414

Convertible note, principal amount

649,414

Debt converted into common stock

$ 209,414

Conversion price

$ 0.001

Amount payable under agreement

$ 150,000

Interest free loan payable under agreement

$ 290,000

Luxor Capital LLC [Member] | Asset Purchase Agreement [Member]

Compensation expense-Acquisition-related party

90,873

1,242,812

Convertible promissory note issued

1,031,567

Gain on extinguishment of contingent liability - related party

$ 114,618

Common stock issued for acquisition, shares

625,000,000

Common stock issued for acquisition, value

$ 187,500

Assets term period

Asset during the 12-month period of March 1, 2018 to February 28, 2019

Contingent liability-related party

1,055,312

1,146,185

Debt discount

10.00%

Revenues percentage

50.00%

Promissory note payment description

20% of the total value shall be paid on signing the agreement, 40% of the total value shall be paid on October 1, 2019, and 40% of the total value including any accrued interest shall be paid on April 1, 2020. The late payment fee would be $500 per month.

Convertible Note 2 [Member]

Convertible debt

$ 30,000

Debt discount

0

Notes payable, principal

$ 30,000

30,000

Conversion price

$ 0.01

Proceeds from issuance of promissory notes

$ 30,000

Common stock shares issuable upon conversion of convertible notes

3,000,000

Beneficial conversion feature

The beneficial conversion feature is calculated at its intrinsic value (that is, the difference between the conversion price $0.01 and the fair value of the common stock into which the debt is convertible at the commitment date (per share being $0.08), multiplied by the number of shares into which the debt is convertible.

Convertible Note 59 [Member]

Convertible debt

$ 50,000

$ 240,000

Notes payable, principal

10,000

10,000

Interest on promissory note

8.00%

Maturity date

Jan. 31, 2016

Interest rate

22.00%

Gain on extinguishment of debt

$ 47,151

Convertible Note 59 [Member] | Cancellation and Release Agreement [Member]

Convertible debt

$ 183,157

Gain on extinguishment of debt

$ 165,000

Convertible Note 59 [Member] | Istvan Elek [Member]

Convertible debt

$ 25,000

Conversion price as a percentage of market price

50.00%

Convertible Note 68 [Member]

Convertible debt

$ 2,374,712

Maturity date

Mar. 1, 2017

Amortization of debt discount expense

$ 277,799

Debt discount

$ 1,662,243

Derivative liability

$ 1,662,243

136,177

Notes payable, principal

495,712

Interest on promissory note

6.00%

Stock price

$ 0.2985

Exercise price

$ 0.4264

Period of maturity

1 year

Expected votatility

1557.00%

Convertible Note 45 [Member]

Convertible debt

$ 75,000

Maturity date

Jul. 9, 2015

Interest on promissory note

8.00%

Common stock lowest closing rate description

Trading days

10 days

Convertible Note 46 [Member]

Convertible debt

$ 33,000

Debt discount

130,556

Derivative liability

$ 130,556

Notes payable, principal

Interest on promissory note

8.00%

Common stock shares issued upon conversion of convertible debt

Debt conversion converted amount

Debt conversion interest amount

Maturity date

Jul. 9, 2015

Common stock lowest closing rate description

The holder has the right after a period of 180 days to convert the balance outstanding into the Company’s common stock at a rate equal to 50% of the lowest closing prices during the ten trading days prior to the conversion date.

Convertible promissory note [Member] | Luxor Capital LLC [Member]

Convertible note, principal amount

$ 2,874,712

Settlement Agreement [Member]

Notes payable, principal

0

0

Settlement Payable

145,000

9,302

$ 145,000

Settlement Payable - Long-term

145,000

Settlement Agreement [Member] | Convertible promissory note (46) [Member]

Notes payable, principal

8,118

Loss (Gain) on extinguishment of debt

106

(129)

Remaining balance

1,929

Accrued interest

154

Penalty paid

5,927

Ending balance

$ 0

Settlement Agreement [Member] | Convertible Note 45 [Member]

Remaining balance of notes payable

$ 48,604

Settlement Agreement [Member] | Convertible promissory note [Member] | First installment [Member]

Maturity date

Sep. 10, 2019

Interest free loan payable under agreement

$ 145,000

Settlement Agreement [Member] | Convertible promissory note [Member] | Luxor Capital LLC [Member] | Second installment [Member]

Maturity date

Sep. 10, 2020

Interest free loan payable under agreement

$ 145,000

DERIVATIVE LIABILITIES NOTE C_2

DERIVATIVE LIABILITIES NOTE CONVERSION FEATURE (Details) - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Market-to-Market adjustment to fair value	$ 5,081	$ 165,514
Gain on settlement agreement	(5,311)	(160,440)
Derivative Liability [Member]
Balance, beginning of period	11,930	136,177
Initial recognition of derivative liability	3,300	95,266
Conversion of derivative liability		(224,587)
Market-to-Market adjustment to fair value	5,081	165,514
Gain on settlement agreement	(5,311)	(160,440)
Balance, end of period	$ 15,000	$ 11,930

DERIVATIVE LIABILITIES NOTE C_3

DERIVATIVE LIABILITIES NOTE CONVERSION FEATURE (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
DERIVATIVE LIABILITIES NOTE CONVERSION FEATURE (Details Narrative)
Initial recognition of derivative liability	$ 3,300	$ 95,266
Loss on derivative liability	5,081	165,514
Gain on settlement agreement	(5,311)	(160,440)
Derivative liability related to conversion feature	$ 15,000	$ 11,930

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Sep. 10, 2018	Apr. 01, 2016	Feb. 28, 2018	Jul. 31, 2019	Jul. 31, 2018	Feb. 28, 2019	Jul. 31, 2017	Mar. 01, 2016
Common stock, shares issued				2,845,318,757	2,622,904,757		141,096,983
Settlement Payable				$ 145,000	$ 9,302
Settlement Payable - Long-term				145,000
Promissory note-related party				1,033,567
Accrued interest				20,518
Convertible debt				1,031,567
Late payment fee				2,000
Shares issued for settlement of accounts payable - related party					120,000
General and administrative expense - related party				199,648	209,100
Accounts receivable				264,558	10,005
Articulate Pty Ltd [Member]
Accounts payable - related parties				255,546
Consulting fees per month		$ 4,500
General and administrative expense - related party				$ 53,200	27,600
Increase the contribution description				The Company shall increase the contribution from $2,300 per month to $5,500 per month.
Accounts receivable				$ 988,558
Sales- revenue related party				2,389,442
Globaltech [Member]
Accounts receivable				20,839
Sales- revenue related party				$ 40,000	$ 120,000
Mr. Goodman [Member]
Common stock, shares issued				102,780,659
Accounts payable - related parties				$ 125,471
Shares issued for settlement of accounts payable - related party				$ 60,000
Ms.Weiting Feng [Member]
Common stock, shares issued				102,780,659
Accounts payable - related parties				$ 145,524
Shares issued for settlement of accounts payable - related party				60,000
Luxor Capital LLC [Member]
Convertible note, principal amount	$ 649,414
Interest free loan payable under agreement	290,000
Amount payable under agreement	$ 150,000
Conversion price	$ 0.001
Debt conversion converted instrument shares issued	209,414,000
Debt conversion converted amount	$ 209,414
Luxor Capital LLC [Member] | Convertible promissory note [Member]
Convertible note, principal amount								$ 2,874,712
Accrued interest								6.00%
Luxor Capital LLC [Member] | Asset Purchase Agreement [Member]
Common stock issued for acquisition, shares			625,000,000
Proposed discount						10.00%
Interest rate						6.00%
Common stock issued for acquisition, value			$ 187,500
Contingent liability-related party						$ 1,146,185
Revenues percentage			50.00%
Assets term period			Asset during the 12-month period of March 1, 2018 to February 28, 2019

EQUITY (Details Narrative)

EQUITY (Details Narrative)

Jun. 11, 2019USD ($)$ / sharesshares

Apr. 09, 2019USD ($)$ / sharesshares

Apr. 01, 2019USD ($)shares

Sep. 10, 2018USD ($)shares

Aug. 03, 2018USD ($)$ / sharesshares

May 08, 2018USD ($)$ / sharesshares

Mar. 15, 2018USD ($)$ / sharesshares

Jan. 03, 2018USD ($)integer$ / sharesshares

Nov. 28, 2018USD ($)$ / sharesshares

Jul. 31, 2019USD ($)$ / sharesshares

Jul. 31, 2018USD ($)$ / sharesshares

Oct. 01, 2018$ / sharesshares

Jun. 07, 2018USD ($)shares

Jul. 31, 2017shares

Apr. 03, 2016shares

Aug. 14, 2015shares

Aug. 10, 2015shares

Preferred stock, par value | $ / shares

$ 0.00001

Preferred stock, shares authorized

20,000,000

1,000

Preferred stock, shares issued

1,000

Percentage of preferred stock issued and outstanding, shares

100.00%

Common shares, par value | $ / shares

$ 0.00001

$ 0.00001

Common shares, authorized

6,000,000,000

6,000,000,000

Common stock, shares issued

2,845,318,757

2,622,904,757

141,096,983

Common shares, outstanding

2,845,318,757

2,622,904,757

Cost of goods sold | $

$ 21,998

$ 72,003

Amortization expense | $

206,842

107,300

Common stock issued for services, Value | $

30,100

236,700

Common stock, value | $

$ 28,453

$ 26,229

James Caplan [Member]

Common stock issued for services, Shares

10,000,000

Common stock issued for services, Value | $

$ 28,000

Common Stock Shares

Common stock issued for services, Shares

13,000,000

680,000,000

Common stock issued for services, Value | $

$ 130

$ 6,800

Issuance of shares for convertible notes conversion - related party, Shares

209,414,000

250,000,000

Issuance of shares for convertible notes conversion - related party, Amount | $

$ 209,414

Stock Option Plan [Member] | James Young [Member]

Stock options plan vesting description

vesting 33% each anniversary for three years

Common stock option granted, shares

210,000,000

Exercise Price | $ / shares

$ 0.0004

Stock option exercise period

3 years

Common stock option granted, value | $

$ 41,209

Maturity period

3 years 6 months

Stock volatility

263.00%

Share price | $ / shares

$ 0.0002

Stock option vested shares

70,000,000

Stock Option Plan [Member] | Siu Kei Ho [Member]

Stock options plan vesting description

vesting 33% each anniversary for three years

Common stock option granted, shares

75,000,000

Exercise Price | $ / shares

$ 0.0004

Stock option exercise period

3 years

Expiration date

Jun. 30, 2021

Common stock option granted, value | $

Stock Option Plan [Member] | External Consultants (9) [Member]

Stock options plan vesting description

vesting 33% each anniversary for three years.

Common stock option granted, shares

30,000,000

Exercise Price | $ / shares

$ 0.0004

Stock option exercise period

3 years

Common stock option granted, value | $

$ 11,877

$ 71,260

Maturity period

3 years 6 months

Stock volatility

273.00%

Number of consultants | integer

9

Stock option vested shares

60,000,000

Stock Option Plan [Member] | directors [Member]

Common stock option granted, shares

1,020,000,000

Amortization expense | $

$ 206,842

Stock Option Plan [Member] | Chief Financial Officer [Member]

Stock options plan vesting description

vesting 33% each half year.

Common stock option granted, shares

210,000,000

Exercise Price | $ / shares

$ 0.0004

Stock option exercise period

1 year 6 months

Common stock option granted, value | $

Maturity period

1 year

Stock volatility

273.00%

Share price | $ / shares

$ 0.0004

Stock Option Plan [Member] | Chief Executive Officer [Member]

Stock options plan vesting description

vesting 33% each half year for one and a half years.

Common stock option granted, shares

810,000,000

Exercise Price | $ / shares

$ 0.00044

Stock option exercise period

1 year 6 months

Common stock option granted, value | $

$ 265,821

Maturity period

1 year

Stock volatility

273.00%

Stock Option Plan [Member] | Su He [Member]

Stock options plan vesting description

vesting 33% each anniversary for three years.

Common stock option granted, shares

30,000,000

Exercise Price | $ / shares

$ 0.0011

Stock option exercise period

3 years

Common stock option granted, value | $

$ 29,869

Maturity period

3 years 6 months

Stock volatility

329.00%

Share price | $ / shares

$ 0.0011

Expiration date

May 29, 2022

Joshua Ramsdell [Member] | Consulting Agreement [Member]

Common stock, shares issued

3,000,000

6,000,000

Common stock share deliver to consultant

3,000,000

Common stock, value | $

$ 3,000

Hongfei Zhang [Member] | Consulting Agreement [Member]

Stock options plan vesting description

vesting 33% each anniversary for three years.

Common stock option granted, shares

30,000,000

Exercise Price | $ / shares

$ 0.0008

Stock option exercise period

3 years

Common stock option granted, value | $

$ 22,056

$ 120,000

Maturity period

3 years 6 months

Stock volatility

345.00%

Share price | $ / shares

$ 0.0008

Expiration date

Jun. 30, 2021

Yukun Qiu [Member] | Stock Options [Member]

Stock options plan vesting description

vesting 33% each anniversary for three years.

Common stock option granted, shares

30,000,000

Exercise Price | $ / shares

$ 0.0032

Stock option exercise period

3 years

Common stock option granted, value | $

$ 75,312

Maturity period

3 years 6 months

Stock volatility

244.00%

Share price | $ / shares

$ 0.0032

Expiration date

Dec. 11, 2022

Zhe Yan [Member] | Stock Options [Member]

Stock options plan vesting description

vesting 33% each anniversary for three years.

Common stock option granted, shares

30,000,000

Exercise Price | $ / shares

$ 0.0032

Stock option exercise period

3 years

Common stock option granted, value | $

$ 75,312

Maturity period

3 years 6 months

Stock volatility

244.00%

Share price | $ / shares

$ 0.0032

Expiration date

Dec. 11, 2022

Michael Davies [Member] | Consulting Agreement [Member] | Stock Options [Member]

Stock options plan vesting description

P1Y

Common stock option granted, shares

8,000,000

Exercise Price | $ / shares

$ 0.0022

Common stock option granted, value | $

$ 8,971

Maturity period

1 year

Stock volatility

136.00%

Share price | $ / shares

$ 0.0022

Expiration date

Apr. 9, 2020

Vesting period

Marc Mcalister [Member] | Consulting Agreement [Member] | Stock Options [Member]

Stock options plan vesting description

the Company at exercise price of $0.0022 with vesting period of half year, vesting 100% on October 9, 2019.

Common stock option granted, shares

15,000,000

Exercise Price | $ / shares

$ 0.0022

Common stock option granted, value | $

$ 16,820

Maturity period

1 year

Stock volatility

136.00%

Share price | $ / shares

$ 0.0022

Expiration date

Apr. 9, 2020

Vesting period

6 months

Series B Preferred Stock [Member]

Preferred stock, par value | $ / shares

$ 0.00001

$ 0.00001

Preferred stock, shares authorized

1,000

1,000

Preferred stock, shares issued

1,000

1,000

Preferred stock, shares outstanding

1,000

1,000

Preferred stock, shares cancelled

1,000

Series B Preferred Stock [Member] | Luxor Capital LLC [Member]

Preferred stock, shares issued

1,000

Series A Preferred Stock [Member]

Preferred stock, par value | $ / shares

$ 0.00001

$ 0.00001

Preferred stock, shares authorized

19,999,000

19,999,000

Preferred stock, shares issued

0

0

Preferred stock, shares outstanding

0

0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
INCOME TAXES (Details)
Operating loss for the years ended July 31	$ (1,769,908)	$ 1,318,373
Average statutory tax rate	21.00%	34.00%
Deferred tax Liability (asset) attributable to net operating loss carry-forwards	$ (371,681)	$ 448,247

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Jul. 31, 2019	Jul. 31, 2018
INCOME TAXES (Details 1)
Deferred tax asset (liability) attributable to net operating loss carry-forwards	$ (371,681)	$ 448,247
Less: valuation allowance	(1,999,943)	(2,789,756)
Tax benefit	1,628,262	3,238,003
Valuation allowance	(1,628,262)	(3,238,003)
Net deferred income tax assets

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Jul. 31, 2019USD ($)
INCOME TAXES (Details Narrative)
Net operating losses carried forward	$ 7,753,630
Net operating losses carry forward, description	May be recognized in future periods, not to exceed 20 years.

CONCENTRATIONS (Details Narrati

CONCENTRATIONS (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Revenues-related party	$ 2,429,442	$ 915,804
Articulate Pty Ltd [Member]
Concentration Risk, Percentage	93.00%
Accounts receivable - related parties	$ 988,558
Cash received from customers	$ 1,682,673
Revenue [Member]
Concentration Risk, Percentage	99.00%
Revenues-related party	$ 2,842,214
Revenue [Member] | One Customer [Member]
Concentration Risk, Percentage	83.00%
Revenue [Member] | Two Customers [Member]
Concentration Risk, Percentage	16.00%
Accounts Receivable [Member]
Concentration Risk, Percentage	99.00%
Accounts receivable - related parties	$ 1,421,673
Accounts Receivable [Member] | One Customer [Member]
Concentration Risk, Percentage	69.00%
Accounts Receivable [Member] | Two Customers [Member]
Concentration Risk, Percentage	30.00%

CONTINGENT LIABILITY (Details N

CONTINGENT LIABILITY (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 28, 2018	Jul. 31, 2019	Apr. 01, 2019	Jul. 31, 2018	Mar. 01, 2016
Description of earnout note payable calculation	the date of issuance and an Earnout Note Payable calculated at 50% of the revenues generated by GM2 during the 12-month period from March 1, 2018 to February 28, 2019.
Contingent liability				$ 1,055,312
Late payment fee		2,000
Convertible debt		1,031,567
Accrued interest		$ 20,518
Earnout Note Payable [Member]
Contingent liability			$ 1,146,185
Luxor Capital LLC [Member] | Asset Purchase Agreement [Member]
Common stock issued for acquisition, shares	625,000,000
Common stock issued for acquisition, value	$ 187,500
Luxor Capital LLC [Member] | Asset Purchase Agreement [Member] | Promissory Note [Member]
Proposed discount			10.00%
Interest rate			6.00%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Oct. 09, 2019	Aug. 01, 2019	Sep. 25, 2019	Sep. 16, 2019	Aug. 05, 2019
Luxor Capital LLC [Member]
Promissory note due default description	The 40% of the promissory note due on October 1, 2019 was in default.
Amount paid by related party			$ 86,313		$ 120,000
Owed amount	$ 206,313
Subsequent Event [Member] | Greenshoe [Member]
Tender payment		$ 30,000
Subsequent Event [Member] | Istvan Elek [Member]
Tender payment		$ 12,424
Subsequent Event [Member] | Chief Executive Officer [Member] | 2018 Equity Incentive Plan [Member]
Stock options plan vesting description				vesting 33% each half year.
Purchase shares of common stock				405,000,000
Common stock exercise price				$ 0.00605
Vesting period				1 year 6 months
Subsequent Event [Member] | Chief Financial Officer [Member] | 2018 Equity Incentive Plan [Member]
Purchase shares of common stock				105,000,000
Common stock exercise price				$ 0.0055