Lord Global (LRDG) 10-Q 21 Dec 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Oct. 31, 2018	Dec. 19, 2018
Document And Entity Information
Entity Registrant Name	BIGFOOT PROJECT INVESTMENTS INC
Entity Central Index Key	1,569,568
Document Type	10-Q
Document Period End Date	Oct. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		2,339,123,431
Trading Symbol	BGFT
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,019

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Oct. 31, 2018	Jul. 31, 2018
Current Assets
Cash	$ 15,328	$ 587
Inventory	11,386	11,386
Total current assets	26,714	11,973
Fixed Assets
Equipment, net	1,623	2,066
Total Fixed Assets		2,066
Other Assets
Website Development	5,500	5,500
Accumulated Amortization	(5,500)	(5,500)
Total Other Assets
Total Assets	28,337	14,039
Current liabilities
Accounts Payable	136,537	98,152
Advance from shareholders	25,999	57,524
Accrued Interest	59,612	54,971
Convertible Debt (net of unamortized discount)	147,148	121,194
Derivative Liability	237,864	351,492
Promissory note - related party	435,894	472,370
Total current liabilities	1,043,054	1,155,703
Total Liabilities	1,043,054	1,155,703
Stockholders' deficit
Preferred stock, $0.001 par value; 500,000,000 shares authorized, 0 shares issued and outstanding as of October 31, 2018 and July 31, 2018
Common stock, $0.001 par value; 6,500,000,000 shares authorized, 2,291,123,431 and 2,159,215,077 issued and outstanding as of October 31, 2018 and July 31, 2018, respectively	2,291,124	2,159,215
Additional paid in capital	6,993,816	7,044,400
Accumulated deficit	(10,299,657)	(10,345,279)
Total stockholders' deficit	(1,014,717)	(1,141,664)
Total liabilities & stockholders' deficit	$ 28,337	$ 14,039

Balance Sheets (Unaudited) (Par

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Oct. 31, 2018	Jul. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	500,000,000	500,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	6,500,000,000	6,500,000,000
Common stock, shares issued	2,291,123,431	2,159,215,077
Common stock, shares outstanding	2,291,123,431	2,159,215,077

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Income Statement [Abstract]
Revenue	$ 263	$ 423
Operating expenses:
Professional fees	72,577	9,975
Expedition expense	13,233	19,000
General and administrative	5,738	5,224,527
Total operating expenses	91,548	5,253,502
Net loss from operations	(91,285)	(5,253,079)
Other Income (Expense)
Gain on Settlement	15,042
Derivative Gain	169,549	74,252
Interest Expense	(47,684)	(69,320)
Total Other Income (Expense)	136,907	4,932
Net income (loss)	$ 45,622	$ (5,248,147)
Basic income (loss) per share	$ 0	$ (0.02)
Diluted loss per shares	$ 0	$ (0.02)
Weighted average shares outstanding	2,256,803,690	259,227,638
Fully diluted weighted average shares	3,677,126,944	259,227,638

Statement of Cash Flows (Unaudi

Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Cash flow from operating activities:
Net income (loss)	$ 45,622	$ (5,248,147)
Stock based compensation	8,647	5,220,000
Gain on derivative liability	(169,549)	(74,252)
Amortization of debt discount	27,148	64,596
Depreciation	443
Gain on debt settlement	(15,042)
Debt penalties	15,364
Change in operating liabilities:
Accounts Receivable		3,000
Inventory		(4,354)
Accounts Payable	38,385	(7,207)
Accrued Interest	4,724	4,724
Net cash used in operating activities	(44,258)	(41,640)
Cash flow from investing activities
Cash Paid for Purchases of Fixed Assets		(1,085)
Net cash used in investing activities		(1,085)
Cash flow from financing activities
Proceeds for Advances from shareholders	4,759	31,727
Payments on Advances from shareholders	(36,284)	(49,815)
Payments on Promissory Note	(36,476)
Proceeds from Convertible Notes	127,000	60,000
Net cash provided by financing activities	58,999	41,912
Net increase (decrease) in cash	14,741	(813)
Cash at beginning of period	587	1,105
Cash at end of period	15,328	292
Supplemental Cash Flow Information:
Cash paid for income taxes
Cash paid for interest expense
Non-cash Transactions
Common stock issued for debt conversion	13,599	39,239
Settlement of derivative liability	59,079	71,173
Recognition of derivative debt discount	$ 115,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Oct. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 1 –SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization, Nature of Business and Trade Name A summary of significant accounting policies of Bigfoot Project Investments, Inc. (the “Company”), a company organized in the state of Nevada, is presented to assist in understanding the Company’s financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the companying financial statements. These financial statements and notes are representations of management who are responsible for their integrity and objectivity. The Company was incorporated in the State of Nevada on November 30, 2011. The Company’s administrative office is located at 570 El Camino Real NR-150, Redwood City, CA and its fiscal year ended July 31. Since inception, the Company has been engaged in organizational efforts and the pursuit of financing. The Company was established as an entertainment investment business. The Company’s mission is to create exciting and interesting proprietary investment projects, entertainment properties surrounding the mythology, research, and potential capture of the creature known as Bigfoot. The Company performs research in determining the existence of this elusive creature. For the past six years, the research team and members of management have performed research on various expeditions investigating sightings throughout the United States and Canada. The Company’s competitive advantage is the in-house knowledge and the advanced level of maturity of its various projects developed and currently owned by our officers and controlling shareholder. The Company will capitalize on the current projects through contractual agreements which allow the Company to continue to create media properties and establish physical locations, partnerships, and strategic alliances with other organizations to create revenue as a stand-alone business. Basis of Presentation The accompanying unaudited interim financial statements have been prepared on the same basis as the annual audited financial statements and in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. In the opinion of management such unaudited information includes all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of this interim information. Operating results and cash flows for interim periods are not necessarily indicative of the results that can be expected for the entire year. The information included in this report should be read in conjunction with our audited financial statements and notes thereto included in our 10-K for the year ended July 31, 2018 filed on SEC website on November 13, 2018. Revenue recognition The Company accounts for revenues according to ASC Topic 606, “Revenue from Contracts with Customers” which establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. During the three months ended October 31, 2018, the Company’s revenues were primarily made up of revenue generated from our online streaming distributor. Fair value of financial instruments The carrying value of cash, accounts receivable, accounts payable and accrued expenses, and debt approximate their fair values because of the short-term nature of these instruments. Management believes the Company is not exposed to significant interest or credit risks arising from these financial instruments. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable. ● Level 1 - Quoted prices in active markets for identical assets or liabilities. These are typically obtained from real-time quotes for transactions in active exchange markets involving identical assets. ● Level 2 - Quoted prices for similar assets and liabilities in active markets; quoted prices included for identical or similar assets and liabilities that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. These are typically obtained from readily-available pricing sources for comparable instruments. ● Level 3 - Unobservable inputs, where there is little or no market activity for the asset or liability. These inputs reflect the reporting entity’s own beliefs about the assumptions that market participants would use in pricing the asset or liability, based on the best information available in the circumstances. The following table presents the derivative financial instruments, the Company’s only financial liabilities measured and recorded at fair value on the Company’s balance sheets on a recurring basis, and their level within the fair value hierarchy as of October 31, 2018 and July 31, 2018: Amount Level 1 Level 2 Level 3 Embedded conversion derivative liability July 31, 2018 $ 351,492 $ - $ - $ 351,492 Total July 31, 2018 351,492 351,492 Embedded conversion derivative liability October 31, 2018 237,864 - - 237,864 Total October 31, 2018 $ 237,864 $ - $ - $ 237,864 The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs: Balance at July 31, 2017 $ 262,722 Reclass to equity due to conversion (71,173 ) Unrealized derivative gain included in other expense (74,252 ) Balance at October 31, 2017 $ 117,297 Balance at July 31, 2018 351,492 Fair value of derivative liability at issuance charged to debt discount 115,000 Fair value of derivative liability at issuance charged to derivative loss 101,164 Reclass to equity due to conversion (59,079 ) Write-off of derivative liability due to settlement (57,248 ) Unrealized derivative gain included in other expense (213,465 ) Balance at October 31, 2018 $ 237,864 The Company evaluated its convertible notes to determine if the embedded component of those contracts qualify as derivatives to be separately accounted for under ASC Topic 815, “Derivatives and Hedging.” The Company determined that due to the variable number of common stock that the notes convert to, the embedded conversion option were required to be bifurcated and accounted for as a derivative liability. The fair value of the derivative liability is calculated at the time of issuance and the Company records a derivative liability for the calculated value. Changes in the fair value of the derivative liability are recorded in other income (expense) in the statements of operations. Upon conversion of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. The Company’s derivative instruments were valued using the Lattice model which was based on a probability weighted discounted cash flow model. For the three months ended October 31, 2017, assumptions used in the valuation include the following: a) underlying stock price ranging from $0.087 to $0.0026; b) projected discount on the conversion price ranging from 35% to 50% with the notes effectively converting at discounts in the range of 23.90% to 33.53%; c) projected volatility of 240% to 383%; d) probabilities related to default and redemption of the notes during the term of the notes. The Company’s derivative instruments were valued using the Lattice model which was based on a probability weighted discounted cash flow model. For the three months ended October 31, 2018, assumptions used in the valuation include the following: a) underlying stock price ranging from $0.0016 to $0.0004; b) projected discount on the conversion price ranging from 50% to 35% and 62% with the notes effectively converting at discounts in the range of 26.75% to 58.0%; c) projected volatility of 324.7% to 434.5%; and d) probabilities related to default and redemption of the notes during the term of the notes. The Company has considered the provisions of ASC 480, Distinguishing Liabilities from Equity Basic and Diluted Earnings per Share Basic earnings per share are based on the weighted-average number of shares of common stock outstanding. The FASB ASC Topic 260, “Earnings per Share”, requires the Company to include additional shares in the computation of earnings per share, assuming dilution. Diluted earnings per share are based on the assumption that all dilutive options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options are assumed to be exercised at the time of issuance, and as if funds obtained thereby were used to purchase common stock at the average market price during the period. We calculate basic earnings (loss) per share by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share is calculated similarly but reflects the potential impact of outstanding stock options, stock warrants and other commitments to issue common stock, including shares issuable upon the conversion of convertible notes outstanding, except where the impact would be anti-dilutive. The following is a reconciliation of basic and diluted earnings per share for the three months ended October 31, 2018 and 2017: Period Ended October 31, 2018 Period Ended October 31, 2017 Numerator: Net Income (loss) available to common shareholders $ 45,622 $ (5,248,147 ) Net Income (loss) available to common shareholders adjusted for potential impact of the conversion of convertible notes outstanding $ (81,415 ) (5,248,147 ) Denominator: Weighted average shares – basic 2,256,803,690 259,227,638 Plus: Incremental shares from convertible debt 1,420,323,254 - Weighted average shares - diluted 3,677,126,944 259,227,638 Net Income (loss) per share – basic $ 0.00 $ (0.02 ) Net loss per shares – diluted $ (0.00 ) $ (0.02 )

Going Concern

Going Concern	3 Months Ended
	Oct. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 2 - GOING CONCERN The Company’s financial statements are prepared using accounting principles generally accepted in the United States of American applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has incurred recurring losses, does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. These factors raise substantial doubt about our ability to continue as a going concern. In the coming year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and making the requisite filings with the SEC, and payment of expenses associated with operations and business developments. The Company may experience a cash shortfall and be required to raise additional capital. Historically, it has mostly relied upon internally generated funds such as shareholder loans and advances to finance its operation and growth. Management may raise additional capital by future public or private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern

Advance from Shareholders

Advance from Shareholders	3 Months Ended
	Oct. 31, 2018
Related Party Transactions [Abstract]
Advance from Shareholders	NOTE 3 – ADVANCE FROM SHAREHOLDERS In the quarter ended October 31, 2017, additional advances from shareholders were received in the amount of $31,727. The Company made payments on these advances amounting to $49,815. These advances bear no interest and are due on demand. The total advances from shareholders as of July 31, 2017 were $60,322 and as of October 31, 2017 were $42,234. In the quarter ended October 31, 2018, additional advances from shareholders were received in the amount of $4,759. The Company made payments on these advances amounting to $36,284. These advances bear no interest and are due on demand. The total advances from shareholders as of July 31, 2018 were $57,524 and as of October 31, 2018 were $25,999.

Note Payable - Related Party

Note Payable - Related Party	3 Months Ended
	Oct. 31, 2018
Debt Disclosure [Abstract]
Note Payable - Related Party	NOTE 4 – NOTE PAYABLE – RELATED PARTY In January 2013, Bigfoot Project Investments, Inc. executed a promissory note in the amount of $484,029 as part of the asset transfer agreement for the transfer of all assets held by Searching for Bigfoot, Inc. In August 2013, the Company increased the balance of the promissory note by $489 to add an asset that was not included in the original transfer. Terms of the note are that the unpaid principle and the accrued interest are payable in full on January 31, 2018. The Company was able to pay $36,476 toward the principal of the loan during the period ended October 31, 2018. The holders of the note have agreed to allow the note to be renewed for another year. The interest rate stated on the note is 4.0% (four percent). Monthly payments are not required in the note; however, the note does contain a prepayment clause that allows for payments to be made prior to the due date with no detrimental effects. As of October 31, 2018, and July 31, 2018, the outstanding balance on the note was $435,894 and $472,370. Interest expense for the three months ended October 31, 2018 and 2017 was $4,724 and $4,724.

Capital Stock

Capital Stock	3 Months Ended
	Oct. 31, 2018
Equity [Abstract]
Capital Stock	NOTE 5 - CAPITAL STOCK The holders of the Company’s common stock are entitled to receive dividends out of assets or funds legally available for the payment of dividends at such times and in such amounts as the board from time to time may determine. Holders of common stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. There is no cumulative voting of the election of directors then standing for election. The common stock is not entitled to pre-emptive rights and is not subject to conversion or redemption. Upon liquidation, dissolution or winding up of the company, the assets legally available for distribution to stockholders are distributable ratably among the holders of the common stock after payment of liquidation preferences, if any, on any outstanding payment of other claims of creditors. The Company has 2,291,123,431 and 2,159,215,077 shares of common stock issued and outstanding as of October 31, 2018 and July 31, 2018, respectively. During the three months ended October 31, 2018, Auctus Fund converted 110,289,820 shares of common stock for a principal amount due of $3,516 and settlement of unpaid interest of $83 and penalty of $10,000. Balance of the note as of October 31, 2018 was $0. During the three months ended October 31, 2018, the Company reserved 21,618,534 shares of common stock for Veyo Partners per the consulting agreement dated November 30, 2017. Fair value of the shares reserved as of October 31, 2018 is $8,647.

Distribution Agreements

Distribution Agreements	3 Months Ended
	Oct. 31, 2018
Guarantees and Product Warranties [Abstract]
Distribution Agreements	NOTE 6 – DISTRIBUTION AGREEMENTS The Company entered into a Distribution Agreement on September 2, 2011 with the Bosko Group LLC providing them a non-exclusive right to market the sales of the Company’s DVD’s. The Distribution Agreement requires the Company to pay the Bosko Group LLC ten percent (10%) of the selling price of the DVD’s sold. This agreement remained in effect for a period of 4 years and has been automatically renewed for an additional 4 years with no limit on the number of times the agreement may be automatically renewed, unless either party gives notice to the other of its desire to terminate the Agreement at least sixty (60) days before expiration of the original or renewal term. In May 2017, the Company entered into two separate agreements (the “Re-Release”) with The Bosko Group LLC (the “Distributor”) to provide distribution and promotional services to the Company. The terms of the agreements provide for the following: a. Compensation to the Company for the Re-Release will be based on projected gross sales range and royalties for six existing DVD documentaries which will be offered into all distribution markets as a series with a new introduction narrated by Tom Biscardi. b. Compensation to the Company for the Distribution of new feature-length films is based on past performance of previous productions with up-front funding and projected royalties over all distribution channels. The Company completed production of the first of the new feature-length films in July 2017. The film was edited and released in August 2018 through various channels, and the Company is awaiting sales reports from the distribution company.

Convertible Notes

Convertible Notes	3 Months Ended
	Oct. 31, 2018
Debt Disclosure [Abstract]
Convertible Notes	NOTE 7 – CONVERTIBLE NOTES On January 19, 2017, the Company issued a convertible promissory note in the amount of $62,500 to EMA Financial, LLC, a Delaware limited liability company. This convertible note is due and payable January 19, 2018, has an interest rate of 10% and is convertible to common stock of the Company at a conversion price equal to the lower of: (i) the closing sale price of the common stock on the principal market on the trading immediately preceding the closing date of this note, and (ii) 50% of either the lowest sale price for the common stock on the principal market during the twenty-five (25) consecutive trading days immediately preceding the conversion date or the closing bid price. The note may be prepaid at 135% - 145% of outstanding principal balance. This note became convertible on May 23, 2017 and the variable conversion feature was accounted for as a derivative liability in accordance with ASC 815. This note went into default as of January 19, 2018. On August 9, 2018, the Company and EMA Financial (“EMA”) negotiated a settlement agreement for the January 2017 Note. In the settlement agreement EMA agreed to accept the amount of $40,000 as the current outstanding balance of the January 2017 Note as of the Effective Date. As of the Effective Date, interest will accrue on the January 2017 Note at a rate of ten percent (10%) per annum, unless the Company breaches any provision or representation in this settlement agreement, or an additional Event of Default occurs. In the event of default, the conversion price discount shall revert to a 50% discount of either the lowest sale price for the Common Stock on the Principal Market as defined in the January 2017 Note during the twenty-five (25) consecutive Trading Days as defined in the January 2017 Note immediately preceding the Conversion Date or the closing bid price, whichever is lower. A gain on the settlement agreement of $15,042 has been reported on the period ended October 31, 2018. Balance of principal on the note as of July 31, 2018 and October 31, 2018 was $55,042 and $40,000, respectively. On February 27, 2017, the Company issued a convertible promissory note in the amount of $62,500 to Auctus Fund LLC, a Delaware limited liability company. This convertible note is due and payable on November 28, 2017 with interest of 10% per annum. This note is convertible at the election of Auctus Fund, LLC after the 120 holding period has expired. In the event of default, the amount of principal and interest not paid when due bear interest at the rate of 24% per annum and the note becomes immediately due and payable. Should an event of default occur, the Company is liable to pay 150% of the then outstanding principal and interest. This note agreement contains covenants requiring Auctus Fund’s written consent for certain activities not in existence or not committed to by the Company on the issuance date of the note, as follows: dividend distributions in cash or shares, stock repurchases, borrowings, sale of assets, certain advances and loans in excess of $100,000, and certain guarantees with respect to preservation of existence of the Company and non-circumvention. This note became convertible on June 27, 2017 and the variable conversion feature was accounted for as a derivative liability in accordance with ASC 815. Outstanding note principal and interest accrued thereon can be converted in whole, or in part, at any time by Auctus Fund, LLC after the issuance date into an equivalent of the Company’s common stock at a conversion price equal to the lower of: (i) 50% multiplied by the lowest trading price of the common stock during the previous twenty-five (25) trading day period prior to the date of the note and (ii) 50% of the lowest trading price of the common stock during the twenty-five (25) trading day period prior to the conversion date. The Company may prepay the amounts outstanding to Auctus Fund at any time up to the 180 th On July 5, 2018, the Company, entered into a Securities Purchase Agreement (the Securities Purchase Agreement”) with the Investor, pursuant to which the Company sold to the Investor a convertible promissory note in the principal amount of $53,000 (the “July 2018 Note”), for an aggregate purchase price of $53,000. The July 2018 Note matures on April 30, 2019, bears interest rate of 12% per year payable on maturity date in cash or shares of common stock at the Company’s option (subject to certain conditions), and is convertible into shares of the Company’s common stock on January 1, 2019, at the conversion price equal to 58% of the lowest trading price of the common stock during the 15 trading day period prior to the conversion date. The balance of the July 2018 note as of July 31, 2018 and October 31, 2018 is $53,000 and $53,000, respectively. On August 3, 2018, the Company, entered into a Securities Purchase Agreement (the Securities Purchase Agreement”) with the Investor, pursuant to which the Company sold to the Investor a convertible promissory note in the principal amount of $30,000 (the “August 2018 Note”), for an aggregate purchase price of $30,000. The Company received $27,000 in cash for this note and recorded $3,000 as issuance cost. The August 2018 Note matures on May 15, 2019, bears interest rate of 12% per year payable on maturity date in cash or shares of common stock at the Company’s option (subject to certain conditions), and is convertible into shares of the Company’s common stock on January 30, 2019 at the conversion price equal to the lower of (i) the closing sale price of the common stock on the principal market on the trading day immediately preceding the closing date, and (ii) 58% of either the lowest sale price for the common stock during the 20 consecutive trading days including and immediately preceding the conversion date. The balance of principal on the August 2018 Note as of October 31, 2018 is $30,000. On August 1, 2018, the Company, entered into a Securities Purchase Agreement (the Securities Purchase Agreement”) with the Investor, pursuant to which the Company sold to the Investor a convertible promissory note in the principal amount of $110,000 (the “Second August 2018 Note”), for an aggregate purchase price of $100,000. The Company received $100,000 cash and recorded $10,000 as issuance cost. The Second August 2018 Note matures on May 1, 2019, bears interest rate of 10% per year payable on maturity date in cash or shares of common stock at the Company’s option (subject to certain conditions), and is convertible into shares of the Company’s common stock at the conversion price equal to the lower of (i) the closing sale price of the common stock on the principal market on the trading day immediately preceding the closing date, and (ii) 55% of either the lowest sale price for the common stock during the 20 consecutive trading days including and immediately preceding the conversion date. This note became convertible on issuance date and the variable conversion feature was accounted for as a derivative liability in accordance with ASC 815. The Company recorded an increase in the principal of $15,000 since the conversion price is less than $0.01. The balance of principal on the second August 2018 note as of October 31, 2018 is $125,000. In the three months ended October 31, 2018, the Company recorded amortization of debt discount in the amount of $27,148. Unamortized discount as of October 31, 2018 amounted to $100,852.

Subsequent Events

Subsequent Events	3 Months Ended
	Oct. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	NOTE 8 - SUBSEQUENT EVENTS On November 20, 2018, EMA Financial converted 48,000,000 shares of common stock for a principal amount due of $6,240.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Oct. 31, 2018
Accounting Policies [Abstract]
Organization, Nature of Business and Trade Name	Organization, Nature of Business and Trade Name A summary of significant accounting policies of Bigfoot Project Investments, Inc. (the “Company”), a company organized in the state of Nevada, is presented to assist in understanding the Company’s financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the companying financial statements. These financial statements and notes are representations of management who are responsible for their integrity and objectivity. The Company was incorporated in the State of Nevada on November 30, 2011. The Company’s administrative office is located at 570 El Camino Real NR-150, Redwood City, CA and its fiscal year ended July 31. Since inception, the Company has been engaged in organizational efforts and the pursuit of financing. The Company was established as an entertainment investment business. The Company’s mission is to create exciting and interesting proprietary investment projects, entertainment properties surrounding the mythology, research, and potential capture of the creature known as Bigfoot. The Company performs research in determining the existence of this elusive creature. For the past six years, the research team and members of management have performed research on various expeditions investigating sightings throughout the United States and Canada. The Company’s competitive advantage is the in-house knowledge and the advanced level of maturity of its various projects developed and currently owned by our officers and controlling shareholder. The Company will capitalize on the current projects through contractual agreements which allow the Company to continue to create media properties and establish physical locations, partnerships, and strategic alliances with other organizations to create revenue as a stand-alone business.
Basis of Presentation	Basis of Presentation The accompanying unaudited interim financial statements have been prepared on the same basis as the annual audited financial statements and in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. In the opinion of management such unaudited information includes all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of this interim information. Operating results and cash flows for interim periods are not necessarily indicative of the results that can be expected for the entire year. The information included in this report should be read in conjunction with our audited financial statements and notes thereto included in our 10-K for the year ended July 31, 2018 filed on SEC website on November 13, 2018.
Revenue Recognition	Revenue recognition The Company accounts for revenues according to ASC Topic 606, “Revenue from Contracts with Customers” which establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. During the three months ended October 31, 2018, the Company’s revenues were primarily made up of revenue generated from our online streaming distributor.
Fair Value of Financial Instruments	Fair value of financial instruments The carrying value of cash, accounts receivable, accounts payable and accrued expenses, and debt approximate their fair values because of the short-term nature of these instruments. Management believes the Company is not exposed to significant interest or credit risks arising from these financial instruments. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable. ● Level 1 - Quoted prices in active markets for identical assets or liabilities. These are typically obtained from real-time quotes for transactions in active exchange markets involving identical assets. ● Level 2 - Quoted prices for similar assets and liabilities in active markets; quoted prices included for identical or similar assets and liabilities that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. These are typically obtained from readily-available pricing sources for comparable instruments. ● Level 3 - Unobservable inputs, where there is little or no market activity for the asset or liability. These inputs reflect the reporting entity’s own beliefs about the assumptions that market participants would use in pricing the asset or liability, based on the best information available in the circumstances. The following table presents the derivative financial instruments, the Company’s only financial liabilities measured and recorded at fair value on the Company’s balance sheets on a recurring basis, and their level within the fair value hierarchy as of October 31, 2018 and July 31, 2018: Amount Level 1 Level 2 Level 3 Embedded conversion derivative liability July 31, 2018 $ 351,492 $ - $ - $ 351,492 Total July 31, 2018 351,492 351,492 Embedded conversion derivative liability October 31, 2018 237,864 - - 237,864 Total October 31, 2018 $ 237,864 $ - $ - $ 237,864 The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs: Balance at July 31, 2017 $ 262,722 Reclass to equity due to conversion (71,173 ) Unrealized derivative gain included in other expense (74,252 ) Balance at October 31, 2017 $ 117,297 Balance at July 31, 2018 351,492 Fair value of derivative liability at issuance charged to debt discount 115,000 Fair value of derivative liability at issuance charged to derivative loss 101,164 Reclass to equity due to conversion (59,079 ) Write-off of derivative liability due to settlement (57,248 ) Unrealized derivative gain included in other expense (213,465 ) Balance at October 31, 2018 $ 237,864 The Company evaluated its convertible notes to determine if the embedded component of those contracts qualify as derivatives to be separately accounted for under ASC Topic 815, “Derivatives and Hedging.” The Company determined that due to the variable number of common stock that the notes convert to, the embedded conversion option were required to be bifurcated and accounted for as a derivative liability. The fair value of the derivative liability is calculated at the time of issuance and the Company records a derivative liability for the calculated value. Changes in the fair value of the derivative liability are recorded in other income (expense) in the statements of operations. Upon conversion of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. The Company’s derivative instruments were valued using the Lattice model which was based on a probability weighted discounted cash flow model. For the three months ended October 31, 2017, assumptions used in the valuation include the following: a) underlying stock price ranging from $0.087 to $0.0026; b) projected discount on the conversion price ranging from 35% to 50% with the notes effectively converting at discounts in the range of 23.90% to 33.53%; c) projected volatility of 240% to 383%; d) probabilities related to default and redemption of the notes during the term of the notes. The Company’s derivative instruments were valued using the Lattice model which was based on a probability weighted discounted cash flow model. For the three months ended October 31, 2018, assumptions used in the valuation include the following: a) underlying stock price ranging from $0.0016 to $0.0004; b) projected discount on the conversion price ranging from 50% to 35% and 62% with the notes effectively converting at discounts in the range of 26.75% to 58.0%; c) projected volatility of 324.7% to 434.5%; and d) probabilities related to default and redemption of the notes during the term of the notes. The Company has considered the provisions of ASC 480, Distinguishing Liabilities from Equity
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings per Share Basic earnings per share are based on the weighted-average number of shares of common stock outstanding. The FASB ASC Topic 260, “Earnings per Share”, requires the Company to include additional shares in the computation of earnings per share, assuming dilution. Diluted earnings per share are based on the assumption that all dilutive options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options are assumed to be exercised at the time of issuance, and as if funds obtained thereby were used to purchase common stock at the average market price during the period. We calculate basic earnings (loss) per share by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the reporting period. Diluted earnings per share is calculated similarly but reflects the potential impact of outstanding stock options, stock warrants and other commitments to issue common stock, including shares issuable upon the conversion of convertible notes outstanding, except where the impact would be anti-dilutive. The following is a reconciliation of basic and diluted earnings per share for the three months ended October 31, 2018 and 2017: Period Ended October 31, 2018 Period Ended October 31, 2017 Numerator: Net Income (loss) available to common shareholders $ 45,622 $ (5,248,147 ) Net Income (loss) available to common shareholders adjusted for potential impact of the conversion of convertible notes outstanding $ (81,415 ) (5,248,147 ) Denominator: Weighted average shares – basic 2,256,803,690 259,227,638 Plus: Incremental shares from convertible debt 1,420,323,254 - Weighted average shares - diluted 3,677,126,944 259,227,638 Net Income (loss) per share – basic $ 0.00 $ (0.02 ) Net loss per shares – diluted $ (0.00 ) $ (0.02 )

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Oct. 31, 2018
Accounting Policies [Abstract]
Schedule of Fair Value, Liabilities Measured on Recurring Basis	The following table presents the derivative financial instruments, the Company’s only financial liabilities measured and recorded at fair value on the Company’s balance sheets on a recurring basis, and their level within the fair value hierarchy as of October 31, 2018 and July 31, 2018: Amount Level 1 Level 2 Level 3 Embedded conversion derivative liability July 31, 2018 $ 351,492 $ - $ - $ 351,492 Total July 31, 2018 351,492 351,492 Embedded conversion derivative liability October 31, 2018 237,864 - - 237,864 Total October 31, 2018 $ 237,864 $ - $ - $ 237,864
Schedule of Changes in Fair Value of Derivative Liability	The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs: Balance at July 31, 2017 $ 262,722 Reclass to equity due to conversion (71,173 ) Unrealized derivative gain included in other expense (74,252 ) Balance at October 31, 2017 $ 117,297 Balance at July 31, 2018 351,492 Fair value of derivative liability at issuance charged to debt discount 115,000 Fair value of derivative liability at issuance charged to derivative loss 101,164 Reclass to equity due to conversion (59,079 ) Write-off of derivative liability due to settlement (57,248 ) Unrealized derivative gain included in other expense (213,465 ) Balance at October 31, 2018 $ 237,864
Schedule of Reconciliation of Basic and Diluted Earnings Per Share	The following is a reconciliation of basic and diluted earnings per share for the three months ended October 31, 2018 and 2017: Period Ended October 31, 2018 Period Ended October 31, 2017 Numerator: Net Income (loss) available to common shareholders $ 45,622 $ (5,248,147 ) Net Income (loss) available to common shareholders adjusted for potential impact of the conversion of convertible notes outstanding $ (81,415 ) (5,248,147 ) Denominator: Weighted average shares – basic 2,256,803,690 259,227,638 Plus: Incremental shares from convertible debt 1,420,323,254 - Weighted average shares - diluted 3,677,126,944 259,227,638 Net Income (loss) per share – basic $ 0.00 $ (0.02 ) Net loss per shares – diluted $ (0.00 ) $ (0.02 )

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - $ / shares	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
State of incorporation	Nevada
Date of incorporation	Nov. 30, 2011
Fair value discount rate, projected	62.00%
Minimum [Member]
Share price	$ 0.0016	$ 0.087
Fair value discount rate, projected	50.00%	35.00%
Minimum [Member] | Discount Rate [Member]
Fair value inputs, percentage	26.75%	23.90%
Minimum [Member] | Price Volatility [Member]
Fair value inputs, percentage	324.70%	240.00%
Maximum [Member]
Share price	$ 0.0004	$ 0.0026
Fair value discount rate, projected	35.00%	50.00%
Maximum [Member] | Discount Rate [Member]
Fair value inputs, percentage	58.00%	33.53%
Maximum [Member] | Price Volatility [Member]
Fair value inputs, percentage	434.50%	383.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Fair Value, Liabilities Measured on Recurring Basis (Details) - USD ($)	Oct. 31, 2018	Jul. 31, 2018	Oct. 31, 2017	Jul. 31, 2017
Embedded conversion derivative liability	$ 237,864	$ 351,492	$ 117,297	$ 262,722
Level 1 [Member]
Embedded conversion derivative liability
Level 2 [Member]
Embedded conversion derivative liability
Level 3 [Member]
Embedded conversion derivative liability	$ 237,864	$ 351,492

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Changes in Fair Value of Derivative Liability (Details) - USD ($)	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Accounting Policies [Abstract]
Fair Value of Convertible debt, Starting Balance	$ 351,492	$ 262,722
Fair value of derivative liability at issuance charged to debt discount	115,000
Fair value of derivative liability at issuance charged to derivative loss	101,164
Reclass to equity due to conversion	(59,079)	(71,173)
Write-off of derivative liability due to settlement	(57,248)
Unrealized derivative gain included in other expense	(213,465)	(74,252)
Fair Value of Convertible debt, Ending Balance	$ 237,864	$ 117,297

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Reconciliation of Basic And Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Accounting Policies [Abstract]
Numerator: Net Income (loss) available to common shareholders	$ 45,622	$ (5,248,147)
Numerator: Net Income (loss) available to common shareholders adjusted for potential impact of the conversion of convertible notes outstanding	$ (81,415)	$ (5,248,147)
Denominator: Weighted average shares - basic	2,256,803,690	259,227,638
Denominator: Plus: Incremental shares from convertible debt	1,420,323,254
Denominator: Weighted average shares - diluted	3,677,126,944	259,227,638
Net Income (loss) per share - basic	$ 0	$ (0.02)
Net loss per shares - diluted	$ 0	$ (0.02)

Advance from Shareholders (Deta

Advance from Shareholders (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Related Party Transactions [Abstract]
Proceeds for advances from shareholders	$ 4,759	$ 31,727
Repayments of advances from shareholders	36,284	49,815
Advance from shareholders	$ 25,999	$ 42,234	$ 57,524	$ 60,322

Note Payable - Related party (D

Note Payable - Related party (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Jul. 31, 2018	Aug. 31, 2013	Jan. 31, 2013
Debt Disclosure [Abstract]
Promissory note				$ 489	$ 484,029
Payments on related party note payable	$ 36,476
Short-term debt, interest rate	4.00%
Note payable related party	$ 435,894		$ 472,370
Interest expense	$ 4,724	$ 4,724

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2018	Jul. 31, 2018	Feb. 27, 2017
Common stock, shares issued	2,291,123,431	2,159,215,077
Common stock, shares outstanding	2,291,123,431	2,159,215,077
Auctus Fund LLC [Member]
Conversion of common stock	110,289,820
Principal amount	$ 3,516		$ 62,500
Settlement of unpaid interest	83
Penalty amount	10,000
Outstanding balance	$ 0
Consulting Agreement [Member] | Veyo Partners [Member]
Common stock reserved	21,618,534
Fair value of common stock, shares reserved	$ 8,647

Distribution Agreements (Detail

Distribution Agreements (Details Narrative)	3 Months Ended
	Oct. 31, 2018
Guarantees and Product Warranties [Abstract]
Distribution agreement description	The Distribution Agreement requires the Company to pay the Bosko Group LLC ten percent (10%) of the selling price of the DVD's sold. This agreement remained in effect for a period of 4 years and has been automatically renewed for an additional 4 years with no limit on the number of times the agreement may be automatically renewed, unless either party gives notice to the other of its desire to terminate the Agreement at least sixty (60) days before expiration of the original or renewal term.

Convertible Notes (Details Narr

Convertible Notes (Details Narrative)	Aug. 09, 2018USD ($)Integer	Aug. 03, 2018USD ($)Integer	Aug. 02, 2018USD ($)Integer$ / shares	Jul. 05, 2018USD ($)Integer	Feb. 27, 2017USD ($)Integer	Jan. 19, 2017USD ($)Integer	Oct. 31, 2018USD ($)shares	Oct. 31, 2017USD ($)	Jul. 31, 2018USD ($)
Convertible promissory note, interest rate							4.00%
Gain on debt settlement							$ 15,042
Convertible promissory note, outstanding principal balance							53,000		$ 53,000
Amortized debt discount							27,148	$ 64,596
Unamortized debt discount							100,852
July 2018 Note [Member] | Securities Purchase Agreement [Member] | Investor [Member]
Convertible promissory note, face amount				$ 53,000
Convertible promissory note, maturity date				Apr. 30, 2019
Convertible promissory note, interest rate				12.00%
Lowest sale price percentage				58.00%
Number of consecutive trading days | Integer				15
August 2018 Note [Member]
Convertible promissory note, outstanding principal balance							30,000
August 2018 Note [Member] | Securities Purchase Agreement [Member] | Investor [Member]
Convertible promissory note, face amount		$ 30,000
Convertible promissory note, maturity date		May 15, 2019
Convertible promissory note, interest rate		12.00%
Lowest sale price percentage		58.00%
Number of consecutive trading days | Integer		20
Convertible promissory note, outstanding principal balance		$ 30,000
Cash		27,000
Issuance cost of debt		$ 3,000
Second August 2018 Note [Member]
Convertible promissory note, outstanding principal balance							125,000
Second August 2018 Note [Member] | Securities Purchase Agreement [Member] | Investor [Member]
Convertible promissory note, face amount			$ 100,000
Convertible promissory note, maturity date			May 1, 2019
Convertible promissory note, interest rate			10.00%
Lowest sale price percentage			55.00%
Number of consecutive trading days | Integer			20
Convertible promissory note, outstanding principal balance			$ 110,000
Cash			100,000
Issuance cost of debt			10,000
Debt conversion converted amount			$ 15,000
Maximum [Member] | Second August 2018 Note [Member] | Securities Purchase Agreement [Member] | Investor [Member]
Conversion price per share | $ / shares			$ 0.01
EMA Financial, LLC [Member]
Convertible promissory note, face amount						$ 62,500
Convertible promissory note, maturity date						Jan. 19, 2018
Convertible promissory note, interest rate						10.00%
Lowest sale price percentage						50.00%
Number of consecutive trading days | Integer						25
EMA Financial, LLC [Member] | January 2017 Note [Member]
Convertible promissory note, face amount	$ 40,000
Convertible promissory note, interest rate	10.00%
Lowest sale price percentage	50.00%
Number of consecutive trading days | Integer	25
Gain on debt settlement							15,042
Convertible promissory note, outstanding principal balance							40,000		55,042
EMA Financial, LLC [Member] | Minimum [Member]
Prepaid percentage of outstanding principal balance						135.00%
EMA Financial, LLC [Member] | Maximum [Member]
Prepaid percentage of outstanding principal balance						145.00%
Auctus Fund LLC [Member]
Convertible promissory note, face amount					$ 62,500		3,516
Convertible promissory note, maturity date					Nov. 28, 2017
Convertible promissory note, interest rate					10.00%
Lowest sale price percentage					50.00%
Number of consecutive trading days | Integer					25
Convertible promissory note, outstanding principal balance							$ 0		$ 13,152
Conversion of common stock | shares							110,289,820
Settlement of unpaid interest							$ 83
Penalty amount							10,000
Debt instrument description					In the event of default, the amount of principal and interest not paid when due bear interest at the rate of 24% per annum and the note becomes immediately due and payable. Should an event of default occur, the Company is liable to pay 150% of the then outstanding principal and interest.
Excess of loan and advance					$ 100,000
Auctus Fund LLC [Member] | Convertible Promissory Note [Member]
Penalty amount							$ 364
Auctus Fund LLC [Member] | Minimum [Member]
Prepaid percentage of outstanding principal balance					135.00%
Auctus Fund LLC [Member] | Maximum [Member]
Prepaid percentage of outstanding principal balance					145.00%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - EMA Financial, LLC [Member] - USD ($)	Nov. 20, 2018	Jan. 19, 2017
Principal amount		$ 62,500
Subsequent Event [Member]
Conversion of common stock, number of shares converted	48,000,000
Principal amount	$ 6,240