Ameri Metro, Inc. (ARMT) 10-Q/A 28 Mar 22 2022 Q2 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jan. 31, 2022	Mar. 17, 2022
Entity Central Index Key	0001534155
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	true
Document Type	10-Q/A
Amendment Description	Ameri Metro, Inc. (referred to as “we,” “us,” “our,” or the “Company”) is filing this Amendment No. 1 on Form 10-Q/A (this “Amendment No. 1”) to the Company’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2022, as filed with the Securities and Exchange Commission (the “SEC”) on March 22, 2022 (the “Original Form 10-Q”). This Amendment No. 1 amends the original Form 10-Q to reflect a change in the accounting for grants received by the Company, due to additional information being received after the filing, changing the nature of the transaction as a control transaction with related parties.
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2022
Document Transition Report	false
Entity File Number	000-54546
Entity Registrant Name	AMERI METRO, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-1877342
Entity Address, Address Line One	2575 Eastern Blvd.
Entity Address, Address Line Two	Suite 211
Entity Address, City or Town	York
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17402
City Area Code	717
Local Phone Number	434-0668
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Preferred Stock [Member]
Entity Common Stock, Shares Outstanding		1,800,000
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		3,284,000
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,289,637,844
Class C Common Stock [Member]
Entity Common Stock, Shares Outstanding		191,051,230
Class D Common Stock [Member]
Entity Common Stock, Shares Outstanding		114,000,000

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jan. 31, 2022	Jul. 31, 2021
Current assets
Cash	$ 492	$ 4,838
Total Current Assets	492	4,838
Funding receivable	10	10
Master consulting fee	0	0
Office equipment, net
Honduras joint venture	60,004,400
Crypto Assets	593,060,350
Total Assets	653,065,252	4,848
Current liabilities
Accounts payable and accrued expenses	3,064,183	2,587,815
Accrued expenses - related parties	1,254,562	1,252,571
Accrued compensation expenses - related parties	55,081,831	54,881,206
Loans payable - related parties	520,586	378,216
Bond indenture obligation	10	10
Deferred revenues	0	0
Trust liability	30,000,000
Total Liabilities	89,921,172	59,099,819
Commitments and contingencies
Stockholders' Equity / (Deficit)
Preferred stock, par value $.000001, 200,000,000 shares authorized, 1,800,000 shares issued and outstanding	2	2
Additional paid in capital	247,768,006,817	247,303,957,909
Stock subscription receivable	(247,297,597,000)	(247,297,597,000)
Accumulated deficit	92,729,663	(65,460,478)
Total Stockholders' Equity / (Deficit)	563,144,079	(59,094,971)
Total Liabilities and Stockholders' Equity / (Deficit)	653,065,252	4,848
Class A Common Stock [Member]
Stockholders' Equity / (Deficit)
Common stock	3	1
Class B Common Stock [Member]
Stockholders' Equity / (Deficit)
Common stock	4,290	4,290
Class C Common Stock [Member]
Stockholders' Equity / (Deficit)
Common stock	191	191
Class D Common Stock [Member]
Stockholders' Equity / (Deficit)
Common stock	$ 114	$ 114

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jan. 31, 2022	Jul. 31, 2021
Preferred stock, par value per share	$ 0.000001	$ 0.000001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	1,800,000	1,800,000
Preferred stock, shares outstanding	1,800,000	1,800,000
Class A Common Stock [Member]
Common stock, par value per share	$ 0.000001	$ 0.000001
Common stock, shares authorized	7,000,000	7,000,000
Common stock, shares issued	1,684,000	3,284,000
Common stock, shares outstanding	1,684,000	3,284,000
Class B Common Stock [Member]
Common stock, par value per share	$ 0.000001	$ 0.000001
Common stock, shares authorized	10,000,000,000	10,000,000,000
Common stock, shares issued	4,289,637,844	4,289,637,844
Common stock, shares outstanding	4,289,637,844	4,289,637,844
Class C Common Stock [Member]
Common stock, par value per share	$ 0.000001	$ 0.000001
Common stock, shares authorized	8,000,000,000	8,000,000,000
Common stock, shares issued	191,051,320	191,051,320
Common stock, shares outstanding	191,051,320	191,051,320
Class D Common Stock [Member]
Common stock, par value per share	$ 0.000001	$ 0.000001
Common stock, shares authorized	8,000,000,000	8,000,000,000
Common stock, shares issued	114,000,000	114,000,000
Common stock, shares outstanding	114,000,000	114,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021
Operating Expenses
General & Administrative	$ 442,592	$ 2,857,140	$ 164,872,618	$ 5,591,264
Total Operating Expenses	442,592	2,857,140	164,872,618	5,591,264
Loss From Operations	(442,592)	(2,857,140)	(164,872,618)	(5,591,264)
Other Income / (Expense)
Interest expenses	(1,790)	(484)	(1,990)	(1,284)
Other income - ceo control / related party transaction	323,064,749	(2,450)	323,064,749	(2,450)
Total Other Income	323,062,959	(2,934)	323,062,759	(3,734)
Net Income / (Loss)	$ 322,620,366	$ (2,860,074)	$ 158,190,141	$ (5,594,998)
Net Income / (Loss) Per Share - Basic & Diluted	$ 0.07	$ 0	$ 0.03	$ 0
Weighted Average Common Shares Outstanding - Basic & Diluted	4,597,973,164	3,607,150,000	4,597,590,555	3,510,739,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY / (DEFICIT) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock Class A [Member]	Common Stock Class B [Member]	Common Stock Class C [Member]	Common Stock Class D [Member]	Additional Paid-in Capital [Member]	Stock Subscription Receivable [Member]	Accumulated Deficit [Member]	Total
Balance at Jul. 31, 2020	$ 2	$ 2	$ 2,939	$ 145	$ 96	$ 237,463,587,140	$ (237,457,597,000)	$ (59,311,348)	$ (53,318,024)
Balance, shares at Jul. 31, 2020	1,800,000	1,684,000	2,939,018,899	145,045,680	96,000,000
Stock-based compensation						106			106
Issuance of Class B shares at par			$ 400			(400)
Issuance of Class B shares at par, shares			400,000,000
Issuance of Class C shares at par				$ 23		(23)
Issuance of Class C shares at par, shares				23,000,000
Issuance of Class C shares at par				$ 23		(23)
Issuance of Class C shares at par, shares				23,000,000
Shares issued to officers for cash			$ 2			9,839,999,998	(9,840,000,000)
Shares issued to officers for cash, shares			2,400,000
Conversion of shares for debt						339,579			339,579
Conversion of shares for debt, shares				5,640
Net Income (Loss)								(5,594,998)	(5,594,998)
Balance at Jan. 31, 2021	$ 2	$ 2	$ 3,341	$ 191	$ 96	247,303,926,377	(247,297,597,000)	(64,906,346)	(58,573,337)
Balance, shares at Jan. 31, 2021	1,800,000	1,684,000	3,341,418,899	191,051,320	96,000,000
Balance at Jul. 31, 2021	$ 2	$ 1	$ 4,290	$ 191	$ 114	247,303,957,909	(247,297,597,000)	(65,460,478)	(59,094,971)
Balance, shares at Jul. 31, 2021	1,800,000	1,684,000	4,289,637,844	191,051,320	114,000,000
Stock-based compensation		$ 2				164,048,908			164,048,910
Stock-based compensation, shares		1,600,000
Grant contribution						300,000,000			300,000,000
Net Income (Loss)								158,190,141	158,190,141
Balance at Jan. 31, 2022	$ 2	$ 3	$ 4,290	$ 191	$ 114	$ 247,768,006,817	$ (247,297,597,000)	$ 92,729,663	$ 563,144,079
Balance, shares at Jan. 31, 2022	1,800,000	3,284,000	4,289,637,844	191,051,320	114,000,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income / (loss)	$ 158,190,141	$ (5,594,998)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation expense		207
Stock-based compensation	164,048,910	106
Other income - CEO control / related party transaction	(323,064,749)
Change in operating assets and liabilities:
Prepaid expense and deposits		34,940
Accounts payable and accrued expenses	476,366	469,808
Accounts payable and accrued expenses - related parties	1,991	(676)
Accrued compensation expenses - related parties	200,625	4,705,654
Cash flows used in operating activities	(146,717)	(384,959)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party loans	142,370	367,975
Repayment of related party loans		(11,410)
Cash flows provided by financing activities	142,370	356,565
NET DECREASE IN CASH	(4,346)	(28,394)
CASH, BEGINNING OF YEAR	492	28,396
CASH, END OF PERIOD	4,838	2
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid
Income taxes paid
NON CASH INVESTING AND FINANCING TRANSACTIONS:
Settlement of Related Party Debt for Equity		339,515
Investment in Honduras Joint Venture	60,004,399
Digital Assets - Grants	300,000,000
Digital Assets - Settlement of Liabilities - Related Party	270,000,000
Digital Assets - Received from Malibu Homes - Related Party	722,737,800
Digital Assets - Payment to Third Party for Honduras Joint Venture	53,940,000
Share Financing from Trust - Related Party	$ 30,000,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business Ameri Metro, Inc. (“Ameri Metro” and the “Company”) was formed to engage primarily in high-speed rail for passenger and freight transportation and related transportation projects. The Company initially intends to develop a Midwest high-speed rail system for passengers and freight. The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the company’s business plan. Grant Package: On November 30, 2021, Global Infrastructure Finance and Development Authority (a related party) approved $300,000,000 in Ameri Coin and $300,000,000 in Crypto Infrastructure Bond as a first draw on a $1B grant package. The $300,000,000 in Ameri Coin transferred to the Company generated “Grant Income” from a related party where Shah Mathias on the date of the transaction is director / officer and controls Global Infrastructure Finance and Development Authority. Also, the trustee for Global Infrastructure Finance and Development Authority is also a member of the Company’s’ audit committee. The Company used $270,000,000 of the Ameri Coin grant to settle $270,000,000 liability associated with the October 29, 2021 acquisition of the residential and commercial property in California. The grants would thereafter be used toward other economic development opportunities world-wide. El Coray Independent Transaction: On December 12, 2021, Momentum Economic Development Corporation (“Seller”), Natural Resources, LLC and the Company (together, “Buyer”) entered into a Letter of Agreement. The Seller agreed to sell and Buyer agreed to buy the certain project known as El Coray. El Coray is a natural resources project in the country of Honduras, Inocente de Los Dolores Lopez Melespin.id # 0890-1989-00001 within the Agua Fria and Ulua Olancho Oil basins, consisting of 44 square miles of real property having natural resources comprised of iron ore, oil, and gas together with all other minerals and aggregates. The purchase price for the Property’s development rights and use rights of unlimited extraction of all minerals and unlimited air rights pursuant to Honduras land use rights is $90,000,000. Natural Resources, LLC paid a purchase price consideration in the form of class B stock of Ameri Metro, Inc. at $4,720 per share, totaling $29,995,600. In addition, Ameri Metro, Inc. paid to the Seller the remaining balance of $60,004,400 in the form of consumptive use tokens known as AMERI COIN developed pursuant to state of Wyoming USA law known as W.S.34-29-106 (c) (g) (ii) (g) (v). Each token is priced 180,193.3933, for a total of 333.00 Block chain tokens. The Honduras land use rights is an arm’s length transaction with an independent third-party based on the information available. As of the date of the transaction, Ameri Metro, Inc. owns a 25% non-controlling interest in Natural Resources, LLC, including a right to receive 25% of the income and losses from Natural Resources, LLC operations. Natural Resources, LLC provides oil, gas, and mineral extraction, timber harvesting, agricultural and related food production services. Our CEO Shah Mathias owns the other 75% of Natural Resources, LLC as of the date of the transaction. The Company’s management has determined that on the acquisition date, the Property does not constitute a business under S-X 3-05 and Item 2.01 of Form 8-K with reference to S-X 11-01(d) nor does the asset acquisition meet the business criteria under ASC-MG and ASC 805 for accounting purposes. Therefore, no historical financial statements are required to be provided. California Real Estate Transaction between Entities under CEO Control: On December 14, 2021, the Company entered into a “sale agreement” with Malibu Homes, Inc. The Company’s CEO Mr. Shah Mathias controls Ameri Metro by his overall shareholdings on this date and he also controls Malibu Homes, Inc. Mr. Shah Mathias negotiated the deal on behalf of the Company and Malibu Homes. The contract asset was sold to Malibu homes for a price of $722,738,000. The Company has an equity investment of 25% in Malibu Homes, Inc. The transaction is not at arms-length with two entities under CEO control by Mr. Shah Mathias and is a related party transaction. F-5 Master Indenture Barter Agreements: On January 17, 2021, the Company through 19 entities has signed agreements to complete $454,880,242,400 in financings for approximately 98 individual infrastructure and related projects. The financings have not been completed so there is no impact on the condensed consolidated financial statements as of and for the six months period ended January 31, 2022. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of the Company. have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, the instructions to Form 10-Q and Article 8 of Regulation S-X, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s financial statements filed with the Securities and Exchange Commission (“SEC”) on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the unaudited interim condensed consolidated financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. The unaudited interim condensed consolidated statements do not include all of the information and notes required by U.S. GAAP for complete financial statements. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited consolidated financial statements for the most recent fiscal year 2021 as reported in Form 10-K, have been omitted. Principles of Consolidation and Investments The condensed consolidated financial statements present the financial position, results of operations and cash flows for Ameri Metro and its wholly-owned subsidiary, Global Transportation & Infrastructure, Inc. (“GTI”). Intercompany transactions and balances have been eliminated in consolidation. The financial position, results of operations and cash flows as of and for the period reported include the results of operations for Ameri Metro and GTI. The Company accounts for all investments where it has significant influence over the investee and related ownership of greater than 20% and less than 50% ownership. The Company evaluates all investees to determine if they are considered variable interest entities. The Company does not believe it has any variable interest entities where it is the primary beneficiary of the investee, nor is the Company required to absorb or guarantee debt obligations and net losses of any of its investees as of January 31, 2022. Participating Profits Interest As at January 31, 2022 and 2021, the Company has a 25% participating profits interest in nineteen related entities and a 10% participating profit in one other entity. The remaining 75% participating profits interest (and 100% voting control) is owned by the Company’s majority shareholder, Chairman of the Board of Directors and Chief Executive Officer. These entities have had no operations and as of January 31, 2022 and 2021, the Company’s participating profits interest in these companies was $0. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. Management bases its estimates on historical experience and on other assumptions considered to be reasonable under the circumstances. However, actual results may differ from the estimates. F-6 Income (Loss) Per Share Basic loss per share is calculated by dividing the Company’s net income (loss) applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Due to income and loss for the periods ended January 31, 2022 and 2021, respectively, the outstanding options are anti-dilutive. As a result, the computations of net loss per common shares is the same for both basic and fully diluted common stock. Potentially dilutive securities, which includes 24,240,000 and 10,890,000 stock options as at January 31, 2022 and 2021, have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been antidilutive, especially in 2022 they would have increased earnings per share. Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases Recent Accounting Guidance Not Yet Adopted Accounting for Income Taxes In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, “Simplifying the Accounting for Income Taxes” “Income Taxes” In October 2020, the FASB issued ASU No. 2020-10 Codification Improvements, The Company has implemented all new accounting pronouncements that are in effect and that may impact its condensed consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Jan. 31, 2022
Going Concern [Abstract]
GOING CONCERN	NOTE 2 – GOING CONCERN These unaudited condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated any revenues since inception, management’s business strategy involves commencing development of various economic development projects and closing of acquisitions that are expected to be profitable subject to the availability of financing to make these projects and acquisitions commercially successful. The net income generated in the six months ended January 31, 2022 will not provide any cash flows to the Company at this time or in the future since the Company recorded (non cash) increase in valuation of real estate sold from one related entity under CEO control to another related entity under CEO control as other income. The ability of Ameri Metro to continue as a going concern is dependent on the Company generating cash from the sale of its common stock and/or obtaining debt financing and attaining future profitable operations. Management’s plans include selling its equity securities and obtaining debt financing to fund its capital requirement and on-going operations; however, there can be no assurance the Company will be successful in these efforts. These factors create substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.

HONDURAS JOINT VENTURE

HONDURAS JOINT VENTURE	6 Months Ended
	Jan. 31, 2022
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
HONDURAS JOINT VENTURE	NOTE 3 – HONDURAS JOINT VENTURE The December 12, 2021, Honduras joint venture was recorded at the $60,004,400 cost attributable to the Company. The Company will record the profit and losses generated from this date forward. As of January 31, 2022, there were not profit or losses to be recorded from the Honduras joint venture. Management will vigorously analyze the Honduras joint venture for impairment on a quarterly and annual basis as required by ASC 350 Intangibles – Goodwill and Other. The Company’s management has determined that acquisition of the property rights acquired to capitalize the joint venture does not constitute a business under S-X 3-05 and Item 2.01 of Form 8-K with reference to S-X 11-01(d) nor does the asset acquisition meet the business criteria under ASC-MG and ASC 805 for accounting purposes. Therefore, no historical financial statements are required to be provided.

SALE OF CONTRACT ASSET BETWEEN

SALE OF CONTRACT ASSET BETWEEN ENTITIES UNDER CEO CONTROL	6 Months Ended
	Jan. 31, 2022
Business Combinations [Abstract]
SALE OF CONTRACT ASSET BETWEEN ENTITIES UNDER CEO CONTROL	NOTE 4 – SALE OF CONTRACT ASSET BETWEEN ENTITIES UNDER CEO CONTROL On October 29 th The purchase price for the Property (the “Purchase Price”) is $300,000,000. Pursuant to this Agreement, Buyer paid to Seller an Option Fee in the form of shares of stock of Ameri Metro, Inc., equal to $30,000,000 in the form of class B shares (6,383 shares) for a negotiated price of $4,700 per share. The class B shares were loaned to the Company from Ameri Metro Inc. Trust. Jewel’s Real Estate 1086 MASTER LLLP is owned by the daughter of the CEO, Chairman and Founder of Ameri Metro, Inc. The Company’s management has determined that acquisition of the Property does not constitute a business under S-X 3-05 and Item 2.01 of Form 8-K with reference to S-X 11-01(d) nor does the asset acquisition meet the business criteria under ASC-MG and ASC 805 for accounting purposes. Therefore, no historical financial statements are required to be provided. Until the deed of trust is transferred from Jewel Real Estate 1086 MASTER LLLP to Ameri Metro, Inc., management will treat the contractual assets transferred as an indefinite life intangible asset, subject to annual impairment analysis. Upon transfer of the deed of trust to Ameri Metro, Inc. management will fully conduct a thorough accounting of the assets transferred in accordance with U.S. GAAP. Effective October 29 th On December 14, 2021, the Company and Malibu Homes, Inc. agreed on the purchase and sale of the Property. Per the Letter of Agreement, Ameri Metro, Inc. sold all its rights, title and interest, together with all its obligations and duties under the Agreement to Malibu Homes, Inc. for the sum of $722,738,000, to be paid in the form of consumptive use Tokens $180,000 price per token, and the tokens are used as defined in W.S.34-29 106(g)(ii), not as a financial investment as defined in W.S34-29-106(g)(V). The tokens are called Ameri Coin, developed by Ameri Metro Infrastructure Cryptocurrency, Inc. The Company is in the business of earning consulting fees for general contracting and construction management services for the completion of infrastructure and construction projects and is not in the business of purchasing and selling real estate. Malibu Homes, Inc. is in the business of developing property. The Company has concluded that since it’s an asset purchase not in the normal course of its operations that the increase in the fair value of the Property should be recorded as other income. Shah Mathias the CEO of the Company personally owns 75% of Malibu Homes, Inc. as of the date of the transaction and has de facto control. Shah Mathias through his ownership of 3,284,000 common class A shares in the Company has de facto control of Ameri Metro, Inc. as this provides him with 131,360,000,000 votes with only 4,594,689,164 votes outstanding.

DIGITAL OR CRYPTO ASSETS

DIGITAL OR CRYPTO ASSETS	6 Months Ended
	Jan. 31, 2022
Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]
DIGITAL OR CRYPTO ASSETS	NOTE 5 – DIGITAL OR CRYPTO ASSETS The Company received and paid the following crypto assets from related and to third parties during the six months ended January 31, 2022. The following is the summary of the transactions for the AMIC Coin: Date Quantity Coin Price Cost Basis Transaction 11/30/2021 2,000 $ 150,000 $ 300,000,000 Grant Package 11/30/2021 (1,800 ) 150,000 (270,000,000 ) Grant Package 12/14/2021 4,015 180,000 722,737,800 California Real Estate Malibu Homes 12/16/2021 (200 ) 150,000 (30,000,000 ) Honduras Joint Venture 12/16/2021 (133 ) $ 180,000 (23,940,000 ) Honduras Joint Venture 1/31/2022 (105,737,450 ) Equity interco adjustment 3,882 $ 593,060,350 The AMIC Coins are currently not liquid and do not have any confirmed third party purchases as of January 31, 2022.

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES	6 Months Ended
	Jan. 31, 2022
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES	NOTE 6 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES As of January 31, 2022, $55,081,831 (July 31, 2021 - $54,881,206) is accrued in relation to various employment agreements, directorship agreements and audit committee agreements. To enhance disclosures although not required under US GAAP, as the balances and transactions are already disclosed throughout this Form 10-Q, or have not materially changed since our July 31, 2021 Form 10-K. The Company has summarized the related party balances as of January 31, 2021 and July 31, 2021 and the transactions between related parties recorded for the six months ended January 31, 2022 and 2021 below: Balance Sheet 31-Jan-22 31-Jul-21 Accrued Interest - Related Parties $ 4,496 $ 2,505 Accrued Consulting Fees - Related Parties 1,249,006 1,249,006 Due to related parties 1,060 1,060 Accrued Compensation - Audit Committee 1,530,000 1,530,000 Accrued Compensation - Officers and Directors 49,949,059 49,949,059 Total $ 52,733,621 $ 52,731,630 Statement of Operations 31-Jan-22 31-Jan-21 Share Based Compensation - Shares issued to CEO $ 164,048,910 $ - Share Based Compensation - Stock Based Options issued to Officers and Directors - 106 Officer Salaries - 2,600,106 Director - 975,000 Audit Committee - 180,000 Majority Shareholder - 750,000 Other Income - CEO Control / Related Party Transaction (323,064,749 ) - Total $ (159,015,839 ) $ 4,505,212

LOANS PAYABLE - RELATED PARTY

LOANS PAYABLE - RELATED PARTY	6 Months Ended
	Jan. 31, 2022
Related Party Transactions [Abstract]
LOANS PAYABLE - RELATED PARTY	NOTE 7 – LOANS PAYABLE – RELATED PARTY As of January 31, 2022, $520,586 (July 31, 2021 - $378,216) is due to the majority shareholder as he paid expenses on behalf of the Company. The amount is unsecured, bears interest at 1% per annum and is due on demand.

CAPITAL STOCK

CAPITAL STOCK	6 Months Ended
	Jan. 31, 2022
Stockholders' Equity Note [Abstract]
CAPITAL STOCK	NOTE 8 – CAPITAL STOCK On September 13, 2021, the Company issued 1,600,000 Class A shares to its Founder, Chairman and CEO, which recorded as compensation expense in the consolidated statements of operations.

STOCK OPTIONS

STOCK OPTIONS	6 Months Ended
	Jan. 31, 2022
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS	NOTE 9 – STOCK OPTIONS On March 8, 2016, the Company adopted a stock option plan named 2015 Equity Incentive Plan, the purpose of which is to help the Company secure and retain the services of employees, directors and consultants, provide incentives to exert maximum efforts for the success of the Company and any affiliate and provide a means by which the eligible recipients may benefit from increases in value of the common stock. During the three months ended January 31, 2022 and 2021, the Company recorded stock-based compensation of $- and $46 on the consolidated statement of operations for all stock based compensation. During the six months ended January 31, 2021 and 2021, the Company recorded stock-based compensation of $164,048,909 and $106 on the consolidated statement of operations for all stock based compensation. On June 12, 2019, the Company amended Equity Incentive Plans, Subscription Agreements and Equity Agreements so that options issued after June 12, 2019 would have a strike price equal to the market price at that grant date. The outstanding equity compensation is as follows: 31-Jan-22 31-Jan-21 Total Shares Outstanding 2,000,000 2,000,000 Total Shares Exercisable 2,000,000 2,000,000 Total Shares and Options Outstanding 26,240,000 12,890,000 Total Shares and Options Exercisable 24,040,000 8,400,000 The fair value of each option granted was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: Number of Options Weighted Average Exercise Price $ Weighted Average Remaining Contractual Term Aggregate Intrinsic Value $ Outstanding, July 31, 2021 10,890,000 $ 134.82 30.00 $ - Granted - - - - Exercised - - - - Outstanding, January 31, 2021 10,890,000 $ 134.82 30.00 - Exercisable, January 31, 2021 6,400,000 $ 189.43 30.00 $ - Outstanding, July 31, 2021 21,630,000 $ 637.76 19.65 $ - Granted 2,610,000 $ 4,566.00 30.00 - Exercised - $ - - - Outstanding, January 31, 2022 24,240,000 $ 1,060.72 20.76 $ - Exercisable, January 31, 2022 22,040,000 $ 1,114.26 20.76 $ - At January 31, 2022, there was $166 of unrecognized compensation costs related to non-vested stock-based compensation arrangements granted under the Plan. There was nil intrinsic value associated with the outstanding stock options at January 31, 2022.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES Related and Non-related Party Agreements The Company has entered into agreements with related and non-related parties for identified projects. As of January 31, 2022 and through March 17, 2022, the Company has no commitments or obligations under these agreements due to lack of financing and the need for a feasibility study before each project is begun. The Company will be committed to perform agreed upon services once feasibility study is complete and financing is available. F-10 Employee Agreements The Company has entered into material agreements with its Officers and Directors for more information on these contracts please see the Company’s July 31, 2020 Form 10-K. As of January 31, 2022 and July 31, 2021, total accrued compensation expenses to related parties related to the above employment agreements were $55,081,831 and $54,881,206, respectively. As of January 31, 2022 and July 31, 2021, the Company has accrued payroll taxes of $1,564,958 and $1,540,815, respectively, related to the accrued compensation expenses. Operating Lease On April 30, 2014, the Company terminated its existing office space lease, and entered into a new month-to-month rent agreement for office space. The new agreement which commenced on November 1, 2015, calls for monthly rent payments of $1,440. The terminated lease agreement has not been resolved as to payment of existing amounts due or as to any early termination fees. According to the lease agreement, the Company’s unpaid rental balance shall bear interest until paid at a rate equal to the prime rate of interest charged by the M&T Bank, plus 2 percent. Late payment charge is $25 per day beginning with the first day following the due date. As of January 31, 2022, and July 31, 2021, the Company recorded accrued interest and late fee of $170,060 and $163,389, respectively. Legal Proceedings On September 14, 2017, the Company received a letter from Zimmerman & Associates, on behalf of J. Harold Hatchett, III and Ronald Silberstein, claiming breach of contract, wrongful termination, and wrongful violations of the Business Corporations Act, and knowingly inaccurate SEC Reporting against the Company and the board of directors. The Company plans to work amicably to come to a settlement. As of January 31, 2021 and July 31, 2020, the Company has accrued $1,263,870 and $1,295,120 in salaries for each of J. Harold Hatchett III and Ronald Silberstein, respectively for each period. The Company received a lawsuit on June 13, 2017 by Estate of Robert A. Berry Esq. (decedent, Oct 22, 2015), plaintiff (the “Plaintiff Estate”). The Plaintiff Estate asserted a claim for $50,000 and 11,000 common class “B” shares of the Company relating to shares and accrued stipend beginning 2015. The Company, in 2015, had previously booked the liability of $50,000 without interest accruing and issued the 11,000 shares of common class “B” stock of the Company to decedent Robert A. Berry Esq. Company anticipates paying the $50,000 when the Company raises capital.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jan. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 11 – INCOME TAXES At January 31, 2022 and July 31, 2021, the Company’s deferred tax assets consisted of principally net operating loss carry forwards. The material reconciling items between the tax benefit computed at the statutory rate and the actual benefit recognized in the financial statements consisted of accrued expenses and the change in the valuation allowance during the applicable period. The Company has recorded a 100% valuation allowance as management is uncertain that the Company will realize the deferred tax assets. The Company has filed its federal and state tax returns for the year ended July 31, 2021 and has filed its federal and state tax returns for the year ended July 31, 2021. The Net operating losses (“NOLs”) for these years will not be available to reduce future taxable income until the returns are filed. Assuming these returns are filed, as of January 31, 2021, the Company had approximately $10.9 million of federal and state net operating losses that may be available to offset future taxable income. The net operating loss carryforwards will begin to expire in 2021 unless utilized. The tax years 2014 to 2021 remain open to examination by the major taxing jurisdictions to which the Company is subject.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jan. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS We have evaluated subsequent events through March 22, 2022, the date on which the accompanying condensed consolidated financial statements were available to be issued. Based upon its evaluation, management has determined that no subsequent events have occurred that would require recognition in the accompanying condensed consolidated financial statements or disclosures in the notes thereto, except as follows: On March 8, 2022, the Company’s CEO previously holding and owning 75% equity interest in each such named entity below, has reduced his 75% stock ownership by 50% stock ownership, and transferred the 50% of stock he currently owns to Mr. Todd Owen, who shall now and as of this date hereby own 50% of the stock in all such listed entities as listed herein this filing. The purpose of the Collaboration Agreement was to provide funding for projects, and for Mr. Mathias and Mr. Owen to each have 50% ownership, as a result of the Collaboration Agreement. Ameri – Metro will still maintain its profit in interest to receive expected profits and losses in the 20 equity investment entities, it will simply not maintain ownership in these entities. F-11 On March 9, 2022, the Company gave notice to all of its Class B stockholders that the Company is facilitating, in good faith and trust, on behalf of certain qualifying Class B shareholders, an agreement to sell their shares to a third party. Electing shareholders shall each receive an initial payment of $50,000, and additional payments of $100,000, each 120 days until such time as their share price of $4,720.00 per share is paid in full. Partial payments of the amounts above shall be made where the aggregate purchase price is less than any such payment. The Company will not receive any fee for this arrangement.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jan. 31, 2022
Accounting Policies [Abstract]
Nature of Business	Nature of Business Ameri Metro, Inc. (“Ameri Metro” and the “Company”) was formed to engage primarily in high-speed rail for passenger and freight transportation and related transportation projects. The Company initially intends to develop a Midwest high-speed rail system for passengers and freight. The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the company’s business plan. Grant Package: On November 30, 2021, Global Infrastructure Finance and Development Authority (a related party) approved $300,000,000 in Ameri Coin and $300,000,000 in Crypto Infrastructure Bond as a first draw on a $1B grant package. The $300,000,000 in Ameri Coin transferred to the Company generated “Grant Income” from a related party where Shah Mathias on the date of the transaction is director / officer and controls Global Infrastructure Finance and Development Authority. Also, the trustee for Global Infrastructure Finance and Development Authority is also a member of the Company’s’ audit committee. The Company used $270,000,000 of the Ameri Coin grant to settle $270,000,000 liability associated with the October 29, 2021 acquisition of the residential and commercial property in California. The grants would thereafter be used toward other economic development opportunities world-wide. El Coray Independent Transaction: On December 12, 2021, Momentum Economic Development Corporation (“Seller”), Natural Resources, LLC and the Company (together, “Buyer”) entered into a Letter of Agreement. The Seller agreed to sell and Buyer agreed to buy the certain project known as El Coray. El Coray is a natural resources project in the country of Honduras, Inocente de Los Dolores Lopez Melespin.id # 0890-1989-00001 within the Agua Fria and Ulua Olancho Oil basins, consisting of 44 square miles of real property having natural resources comprised of iron ore, oil, and gas together with all other minerals and aggregates. The purchase price for the Property’s development rights and use rights of unlimited extraction of all minerals and unlimited air rights pursuant to Honduras land use rights is $90,000,000. Natural Resources, LLC paid a purchase price consideration in the form of class B stock of Ameri Metro, Inc. at $4,720 per share, totaling $29,995,600. In addition, Ameri Metro, Inc. paid to the Seller the remaining balance of $60,004,400 in the form of consumptive use tokens known as AMERI COIN developed pursuant to state of Wyoming USA law known as W.S.34-29-106 (c) (g) (ii) (g) (v). Each token is priced 180,193.3933, for a total of 333.00 Block chain tokens. The Honduras land use rights is an arm’s length transaction with an independent third-party based on the information available. As of the date of the transaction, Ameri Metro, Inc. owns a 25% non-controlling interest in Natural Resources, LLC, including a right to receive 25% of the income and losses from Natural Resources, LLC operations. Natural Resources, LLC provides oil, gas, and mineral extraction, timber harvesting, agricultural and related food production services. Our CEO Shah Mathias owns the other 75% of Natural Resources, LLC as of the date of the transaction. The Company’s management has determined that on the acquisition date, the Property does not constitute a business under S-X 3-05 and Item 2.01 of Form 8-K with reference to S-X 11-01(d) nor does the asset acquisition meet the business criteria under ASC-MG and ASC 805 for accounting purposes. Therefore, no historical financial statements are required to be provided. California Real Estate Transaction between Entities under CEO Control: On December 14, 2021, the Company entered into a “sale agreement” with Malibu Homes, Inc. The Company’s CEO Mr. Shah Mathias controls Ameri Metro by his overall shareholdings on this date and he also controls Malibu Homes, Inc. Mr. Shah Mathias negotiated the deal on behalf of the Company and Malibu Homes. The contract asset was sold to Malibu homes for a price of $722,738,000. The Company has an equity investment of 25% in Malibu Homes, Inc. The transaction is not at arms-length with two entities under CEO control by Mr. Shah Mathias and is a related party transaction. F-5 Master Indenture Barter Agreements: On January 17, 2021, the Company through 19 entities has signed agreements to complete $454,880,242,400 in financings for approximately 98 individual infrastructure and related projects. The financings have not been completed so there is no impact on the condensed consolidated financial statements as of and for the six months period ended January 31, 2022.
Basis of Presentation	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of the Company. have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, the instructions to Form 10-Q and Article 8 of Regulation S-X, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s financial statements filed with the Securities and Exchange Commission (“SEC”) on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the unaudited interim condensed consolidated financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. The unaudited interim condensed consolidated statements do not include all of the information and notes required by U.S. GAAP for complete financial statements. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited consolidated financial statements for the most recent fiscal year 2021 as reported in Form 10-K, have been omitted.
Principles of Consolidation and Investments	Principles of Consolidation and Investments The condensed consolidated financial statements present the financial position, results of operations and cash flows for Ameri Metro and its wholly-owned subsidiary, Global Transportation & Infrastructure, Inc. (“GTI”). Intercompany transactions and balances have been eliminated in consolidation. The financial position, results of operations and cash flows as of and for the period reported include the results of operations for Ameri Metro and GTI. The Company accounts for all investments where it has significant influence over the investee and related ownership of greater than 20% and less than 50% ownership. The Company evaluates all investees to determine if they are considered variable interest entities. The Company does not believe it has any variable interest entities where it is the primary beneficiary of the investee, nor is the Company required to absorb or guarantee debt obligations and net losses of any of its investees as of January 31, 2022.
Participating Profits Interest	Participating Profits Interest As at January 31, 2022 and 2021, the Company has a 25% participating profits interest in nineteen related entities and a 10% participating profit in one other entity. The remaining 75% participating profits interest (and 100% voting control) is owned by the Company’s majority shareholder, Chairman of the Board of Directors and Chief Executive Officer. These entities have had no operations and as of January 31, 2022 and 2021, the Company’s participating profits interest in these companies was $0.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. Management bases its estimates on historical experience and on other assumptions considered to be reasonable under the circumstances. However, actual results may differ from the estimates.
Income (Loss) Per Share	Income (Loss) Per Share Basic loss per share is calculated by dividing the Company’s net income (loss) applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Due to income and loss for the periods ended January 31, 2022 and 2021, respectively, the outstanding options are anti-dilutive. As a result, the computations of net loss per common shares is the same for both basic and fully diluted common stock. Potentially dilutive securities, which includes 24,240,000 and 10,890,000 stock options as at January 31, 2022 and 2021, have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been antidilutive, especially in 2022 they would have increased earnings per share.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases Recent Accounting Guidance Not Yet Adopted Accounting for Income Taxes In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, “Simplifying the Accounting for Income Taxes” “Income Taxes” In October 2020, the FASB issued ASU No. 2020-10 Codification Improvements, The Company has implemented all new accounting pronouncements that are in effect and that may impact its condensed consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

DIGITAL OR CRYPTO ASSETS (Table

DIGITAL OR CRYPTO ASSETS (Table)	6 Months Ended
	Jan. 31, 2022
Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]
Summary of Transactions for Amic Coin	The following is the summary of the transactions for the AMIC Coin: Date Quantity Coin Price Cost Basis Transaction 11/30/2021 2,000 $ 150,000 $ 300,000,000 Grant Package 11/30/2021 (1,800 ) 150,000 (270,000,000 ) Grant Package 12/14/2021 4,015 180,000 722,737,800 California Real Estate Malibu Homes 12/16/2021 (200 ) 150,000 (30,000,000 ) Honduras Joint Venture 12/16/2021 (133 ) $ 180,000 (23,940,000 ) Honduras Joint Venture 1/31/2022 (105,737,450 ) Equity interco adjustment 3,882 $ 593,060,350

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES (Tables)	6 Months Ended
	Jan. 31, 2022
Payables and Accruals [Abstract]
Schedule of Expenditure Incurred	Balance Sheet 31-Jan-22 31-Jul-21 Accrued Interest - Related Parties $ 4,496 $ 2,505 Accrued Consulting Fees - Related Parties 1,249,006 1,249,006 Due to related parties 1,060 1,060 Accrued Compensation - Audit Committee 1,530,000 1,530,000 Accrued Compensation - Officers and Directors 49,949,059 49,949,059 Total $ 52,733,621 $ 52,731,630
Schedule of Transactions of Company and Related Parties	Statement of Operations 31-Jan-22 31-Jan-21 Share Based Compensation - Shares issued to CEO $ 164,048,910 $ - Share Based Compensation - Stock Based Options issued to Officers and Directors - 106 Officer Salaries - 2,600,106 Director - 975,000 Audit Committee - 180,000 Majority Shareholder - 750,000 Other Income - CEO Control / Related Party Transaction (323,064,749 ) - Total $ (159,015,839 ) $ 4,505,212

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	6 Months Ended
	Jan. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Share Based Compensation	31-Jan-22 31-Jan-21 Total Shares Outstanding 2,000,000 2,000,000 Total Shares Exercisable 2,000,000 2,000,000 Total Shares and Options Outstanding 26,240,000 12,890,000 Total Shares and Options Exercisable 24,040,000 8,400,000
Schedule of Summary of Stock Option Activity	The fair value of each option granted was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: Number of Options Weighted Average Exercise Price $ Weighted Average Remaining Contractual Term Aggregate Intrinsic Value $ Outstanding, July 31, 2021 10,890,000 $ 134.82 30.00 $ - Granted - - - - Exercised - - - - Outstanding, January 31, 2021 10,890,000 $ 134.82 30.00 - Exercisable, January 31, 2021 6,400,000 $ 189.43 30.00 $ - Outstanding, July 31, 2021 21,630,000 $ 637.76 19.65 $ - Granted 2,610,000 $ 4,566.00 30.00 - Exercised - $ - - - Outstanding, January 31, 2022 24,240,000 $ 1,060.72 20.76 $ - Exercisable, January 31, 2022 22,040,000 $ 1,114.26 20.76 $ -

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Dec. 14, 2021	Dec. 12, 2021	Nov. 30, 2021	Jan. 31, 2022	Jan. 31, 2021	Jul. 31, 2021	Jan. 17, 2021
Related Party Transaction [Line Items]
Participating profits interest				$ 0	$ 0
Potentially dilutive securities stock options excluded from computation of diluted net loss per share				24,240,000	10,890,000
Grant income - related party				$ 300,000,000
Investment in Joint venture		$ 60,004,400		$ 60,004,400
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Participating profits interest				75.00%
Natural Resources, LLC [Member]
Related Party Transaction [Line Items]
Percentage of non-controlling interest				25.00%
Natural Resources, LLC [Member] | Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Participating profits interest				75.00%
Honduras [Member]
Related Party Transaction [Line Items]
Purchase price		90,000,000
Natural Resources, LLC [Member] | Class B Common Stock [Member]
Related Party Transaction [Line Items]
Purchase price		$ 29,995,600
Per share price of acquisition		$ 4,720
Malibu Homes [Member]
Related Party Transaction [Line Items]
Participating profits interest	25.00%
Purchase price	$ 722,738,000
One other entity [Member]
Related Party Transaction [Line Items]
Participating profits interest				10.00%
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Participating profits interest, percentage				75.00%
Participating profits interest, voting control				100.00%
Nineteen related entities [Member]
Related Party Transaction [Line Items]
Participating profits interest				25.00%
Global Infrastructure Finance and Development Authority [Member]
Related Party Transaction [Line Items]
Participating profits interest			100.00%
Global Infrastructure Finance and Development Authority [Member] | Ameri Coin [Member]
Related Party Transaction [Line Items]
Amount of package grant			$ 300,000,000
Settlement of liability			270,000,000
Global Infrastructure Finance and Development Authority [Member] | Crypto Infrastructure Bond [Member]
Related Party Transaction [Line Items]
Amount of package grant			$ 300,000,000
Individual infrastructure and related projects [Member]
Related Party Transaction [Line Items]
Amount of financing							$ 454,880,242,400

HONDURAS JOINT VENTURE (Details

HONDURAS JOINT VENTURE (Details) - USD ($)	Jan. 31, 2022	Dec. 12, 2021	Jul. 31, 2021
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Investment in Joint venture	$ 60,004,400	$ 60,004,400

SALE OF CONTRACT ASSET BETWEE_2

SALE OF CONTRACT ASSET BETWEEN ENTITIES UNDER CEO CONTROL (Details) - USD ($)	Dec. 14, 2021	Oct. 29, 2021	Jan. 31, 2022
Ameri Metro, Inc [Member]
Business Acquisition [Line Items]
Purchase Price		$ 300,000,000
Voting rights			131,360,000,000
Votes outstanding			4,594,689,164
Ameri Metro, Inc [Member] | Class B Common Stock [Member]
Business Acquisition [Line Items]
Number of shares transferred		6,383
Per share price		$ 4,700
Ameri Metro, Inc [Member] | Class A Common Stock [Member]
Business Acquisition [Line Items]
Number of shares transferred			3,284,000
Malibu Homes, Inc [Member]
Business Acquisition [Line Items]
Purchase Price	$ 722,738,000
Per share price	$ 180,000
Ownership percentage			75.00%

DIGITAL OR CRYPTO ASSETS (Summa

DIGITAL OR CRYPTO ASSETS (Summary of Transactions for Amic Coin) (Details)	6 Months Ended
	Jan. 31, 2022USD ($)$ / shares
Quantity	3,882
Cost Basis	$ 593,060,350
11/30/2021 [Member]
Quantity	2,000
Coin Price | $ / shares	$ 150,000
Cost Basis	$ 300,000,000
Transaction	Grant Package
11/30/2021 [Member]
Quantity	(1,800)
Coin Price | $ / shares	$ 150,000
Cost Basis	$ (270,000,000)
Transaction	Grant Package
12/14/2021 [Member]
Quantity	4,015
Coin Price | $ / shares	$ 180,000
Cost Basis	$ 722,737,800
Transaction	California Real Estate Malibu Homes
12/16/2021 [Member]
Quantity	(200)
Coin Price | $ / shares	$ 150,000
Cost Basis	$ (30,000,000)
Transaction	Honduras Joint Venture
12/16/2021 [Member]
Quantity	(133)
Coin Price | $ / shares	$ 180,000
Cost Basis	$ (23,940,000)
Transaction	Honduras Joint Venture
1/31/2022 [Member]
Cost Basis	$ (105,737,450)
Transaction	Equity interco adjustment

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES (Narrative) (Details) - USD ($)	Jan. 31, 2022	Jul. 31, 2021
Payables and Accruals [Abstract]
Accrued compensation expenses - related parties	$ 55,081,831	$ 54,881,206

ACCOUNTS PAYABLE AND ACCRUED _4

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES (Schedule of Expenditure Incurred) (Details) - USD ($)	Jan. 31, 2022	Jul. 31, 2021
Payables and Accruals [Abstract]
Accrued Interest - Related Parties	$ 4,496	$ 2,505
Accrued Consulting Fees - Related Parties	1,249,006	1,249,006
Due to related parties	1,060	1,060
Accrued Compensation - Audit Committee	1,530,000	1,530,000
Accrued Compensation - Officers and Directors	49,949,059	49,949,059
Total	$ 52,733,621	$ 52,731,630

ACCOUNTS PAYABLE AND ACCRUED _5

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES (Schedule of Transactions of Company and Related Parties) (Details) - USD ($)	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Payables and Accruals [Abstract]
Share Based Compensation - Shares issued to CEO	$ 164,048,910
Share Based Compensation - Stock Based Options issued		106
Officers Salaries		2,600,106
Director		975,000
Audit Committee		180,000
Majority Shareholder		750,000
Other Income - Common Control / Related Party Transaction	(323,064,749)
Total	$ (159,015,839)	$ 4,505,212

LOANS PAYABLE - RELATED PARTY (

LOANS PAYABLE - RELATED PARTY (Narrative) (Details) - USD ($)	Jan. 31, 2022	Jul. 31, 2021
Related Party Transaction [Line Items]
Due to majority shareholder	$ 520,586	$ 378,216
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Interest rate	1.00%

CAPITAL STOCK (Details)

CAPITAL STOCK (Details)	Sep. 13, 2021shares
Class A Common Stock [Member] | Founder, Chairman and CEO [Member]
Capital Unit [Line Items]
Shares issued	1,600,000

STOCK OPTIONS (Narrative) (Deta

STOCK OPTIONS (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2022	Jan. 31, 2021	Jul. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-based compensation		$ 46	$ 164,048,910	$ 106
Unrecognized compensation costs related to non-vested stock-based compensation	166		166
Intrinsic value associated with outstanding stock options

STOCK OPTIONS (Schedule of Shar

STOCK OPTIONS (Schedule of Share Based Compensation) (Details) - shares	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Share-based Payment Arrangement [Abstract]
Total Shares Outstanding	2,000,000	2,000,000
Total Shares Exercisable	2,000,000	2,000,000
Total Shares and Options Outstanding	26,240,000	12,890,000
Total Shares and Options Exercisable	24,040,000	8,400,000

STOCK OPTIONS (Schedule of Summ

STOCK OPTIONS (Schedule of Summary of Stock Option Activity) (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Jul. 31, 2021	Jul. 31, 2020
Number of Options
Outstanding	21,630,000	10,890,000	10,890,000
Granted	2,610,000
Exercised
Outstanding	24,240,000	10,890,000	21,630,000	10,890,000
Exercisable	22,040,000	6,400,000
Weighted Average Exercise Price
Outstanding	$ 637.76	$ 134.82	$ 134.82
Granted	4,566
Exercised
Outstanding	1,060.72	134.82	$ 637.76	$ 134.82
Exercisable	$ 1,114.26	$ 189.43
Weighted Average Remaining Contractual Term
Outstanding	20 years 9 months 3 days	30 years	19 years 7 months 24 days	30 years
Granted	30 years
Exercisable	20 years 9 months 3 days	30 years
Aggregate Intrinsic Value
Outstanding
Granted
Exercised
Outstanding

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Jun. 13, 2017	Nov. 01, 2015	Jan. 31, 2022	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Accrued compensation expenses			$ 55,081,831	$ 54,881,206
Accrued payroll taxes			1,564,958	1,540,815
Monthly rent		$ 1,440
Late payment charge		$ 25
Accrued interest on rent			$ 170,060	$ 163,389
Asserted claim in cash	$ 50,000
Amount of liability without accrued interest	50,000
Libility amount anticipation to raise capital	$ 50,000
Class B Common Stock [Member]
Asserted claim in shares	11,000
Issue of shares against claim	11,000
J Harold Hatchett III [Member]
Accrued compensation expenses					$ 1,263,870	$ 1,263,870
Ronald Silberstein [Member]
Accrued compensation expenses					$ 1,295,120	$ 1,295,120

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Percentage of valuation allowance as management is uncertain that Company will realize the deferred tax assets	100.00%
Federal and state net operating losses		$ 10.9

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Mar. 09, 2022	Mar. 08, 2022	Jan. 31, 2022
Subsequent Event [Member] | Class B Common Stock [Member]
Subsequent Event [Line Items]
Initial payment received	$ 50,000
Additional payment	$ 100,000
Share price	$ 4,720
Chief Executive Officer [Member]
Subsequent Event [Line Items]
Percentage of equity interest			75.00%
Chief Executive Officer [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Percentage of equity interest		50.00%
Mr. Todd Owen [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Percentage of equity interest		50.00%