Mirage Energy (MRGE) 10-Q 31 Dec 20 2021 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Oct. 31, 2020	Dec. 30, 2020
Cover [Abstract]
Entity Registrant Name	MIRAGE ENERGY CORPORATION
Entity Central Index Key	0001623360
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Oct. 31, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		470,276,740
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Oct. 31, 2020	Jul. 31, 2020
Current Assets
Cash and cash equivalents	$ 168,824	$ 166,941
Prepaid expenses	24,475	9,559
Total Current Assets	193,299	176,500
Property, plant and equipment, net	1,054	1,449
Other Assets
Deposits	6,921	6,921
Total Other Assets	6,921	6,921
TOTAL ASSETS	201,274	184,870
Current Liabilities
Accounts payable and accrued liabilities	881,583	836,290
Loan payable	127,844	127,844
Convertible debentures	297,531	281,351
Accrued salaries and payroll taxes, related parties	1,801,458	1,795,071
Total Current Liabilities	3,108,416	3,040,556
Long-Term Liabilities
Loan payable	963	1,234
TOTAL LIABILITIES	3,109,379	3,041,790
STOCKHOLDERS' DEFICIT
Preferred stock, par value $0.001, 10,000,000 shares authorized, 10,000,000 shares issued and outstanding as of October 31, 2020 and July 31, 2020	10,000	10,000
Common stock, par value $0.001, 900,000,000 shares authorized, 470,276,740 shares issued and outstanding as of October 31, 2020; 462,730,684 shares issued and outstanding as of July 31, 2020	470,277	462,731
Stock subscription receivable	0	(20,000)
Additional paid-in capital	9,359,941	8,597,401
Accumulated deficit	(12,748,223)	(11,906,952)
Accumulated other comprehensive loss	(100)	(100)
TOTAL STOCKHOLDERS' DEFICIT	(2,908,105)	(2,856,920)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 201,274	$ 184,870

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 31, 2020	Jul. 31, 2020
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, shares par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000	10,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	470,276,740	462,730,684
Common stock, shares outstanding	470,276,740	462,730,684

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
OPERATING EXPENSES
General and administrative expenses	$ 528,416	$ 262,975
Professional fees	13,150	40,291
Total Operating Expenses	541,566	303,266
LOSS FROM OPERATIONS	(541,566)	(303,266)
OTHER EXPENSE
Interest expense	7,442	17,628
Loss on change in fair value of convertible debt	292,263	106,263
Total Other Expense	299,705	123,891
LOSS BEFORE INCOME TAXES	(841,271)	(427,157)
NET LOSS	(841,271)	(427,157)
TOTAL COMPREHENSIVE LOSS	$ (841,271)	$ (427,157)
Basic and Diluted Loss per Common Share	$ 0	$ 0
Basic and Diluted Weighted Average Common Shares Outstanding	468,104,075	411,501,009

Statement of Stockholders (Defi

Statement of Stockholders (Deficit) (Unaudited) - USD ($)	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Accumulated (Deficit)	Accumulated other comprehensive loss	Stock subscription receivable
Balance, shares at Jul. 31, 2019		406,886,489	10,000,000
Balance, amount at Jul. 31, 2019	$ (3,149,782)	$ 406,886	$ 10,000	$ 2,986,180	$ (6,552,748)	$ (100)
Common shares issued for conversion of debt and interest, shares		4,830,016
Common shares issued for conversion of debt and interest, amount	352,591	$ 4,830	$ 0	347,761	0	0
Sale of common stock, shares		2,000,000
Sale of common stock, amount	80,000	$ 2,000	$ 0	78,000	0	0
Common stock warrants issued and valued	6,595	$ 0	$ 0	6,595	0	0
Common shares issued for exercise of warrants, shares		3,696,973
Common shares issued for exercise of warrants, amount	0	$ 3,697	$ 0	(3,697)	0	0
Net loss	(427,157)	$ 0	$ 0	0	(427,157)	0
Balance, shares at Oct. 31, 2019		417,413,478	10,000,000
Balance, amount at Oct. 31, 2019	(3,137,753)	$ 417,413	$ 10,000	3,414,839	(6,979,905)	(100)
Balance, shares at Jul. 31, 2020		462,730,684	10,000,000
Balance, amount at Jul. 31, 2020	(2,856,920)	$ 462,731	$ 10,000	8,597,401	(11,906,952)	(100)	$ (20,000)
Common shares issued for conversion of debt and interest, shares		2,564,695
Common shares issued for conversion of debt and interest, amount	503,449	$ 2,565	$ 0	500,884	0	0	0
Common shares issued for exercise of warrants, shares		4,235,111
Common shares issued for exercise of warrants, amount	0	$ 4,235	$ 0	(4,235)	0	0	0
Net loss	(841,271)	$ 0	$ 0	0	(841,271)	0	0
Restricted shares issued for consulting services and fees, shares		1,246,250
Restricted shares issued for consulting services and fees, amount	286,637	$ 1,246	$ 0	285,391	0	0	0
Common shares cancelled, shares		(500,000)
Common shares cancelled, amount	0	$ (500)	$ 0	(19,500)	0	0	20,000
Balance, shares at Oct. 31, 2020		470,276,740	10,000,000
Balance, amount at Oct. 31, 2020	$ (2,908,105)	$ 470,277	$ 10,000	$ 9,359,941	$ (12,748,223)	$ (100)	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (841,271)	$ (427,157)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation expense	395	395
Financing fees	6,500	32,648
Loss on change in fair value of convertible debt	292,263	106,263
Expenses paid by shareholder	5,048	8,575
Issuance of stock for services and fees	286,637	0
Changes in operating assets and liabilities:
Prepaid expenses	(14,916)	(2,035)
Accounts payable	45,021	58,088
Accrued expenses	5,867	5,250
Accrued salaries and payroll taxes, related parties	6,387	(9,061)
Net cash (used) in operating activities	(208,069)	(227,034)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loan, related party	0	1,000
Repayments of loan, related party	(5,048)	(9,575)
Proceeds from sale of common stock	0	80,000
Proceeds from sale of convertible debt	215,000	297,500
Net cash provided by financing activities	209,952	368,925
Net increase in cash	1,883	141,891
Cash and cash equivalents - beginning of period	166,941	70,456
Cash and cash equivalents - end of period	168,824	212,347
Supplemental Cash Flow Disclosures
Cash paid for interest	591	134
Supplemental Non-Cash Activity Disclosures
Stock issued for convertible interest	33,235	31,778
Stock issued for convertible debt	470,214	320,813
Cashless exercise of warrants	4,235	3,697
Stock cancellation of stock subscription	$ (20,000)	$ 0

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Oct. 31, 2020
ORGANIZATION AND DESCRIPTION OF BUSINESS
NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS	Mirage Energy Corporation (formerly Bridgewater Platforms Inc.) (the “Company”) is a Nevada corporation incorporated on May 6, 2014. On May 20, 2014, the Company incorporated a Canadian subsidiary known as Bridgewater Construction Ltd. in Ontario in association with its construction business. Mirage Energy Corporation is based at 900 Isom Rd Suite 306, San Antonio, TX 78216. The Company’s fiscal year end is July 31.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Oct. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s 10-K filed with the Securities and Exchange Commission on November 19, 2020. Net Income (Loss) Per Share of Common Stock The Company has adopted ASC Topic 260, “Earnings per Share,” (“EPS”) which requires presentation of basic EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation. In the accompanying financial statements, basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to convertible debt, stock options and warrants for each year. In the period of net loss, diluted EPS calculation is not deemed necessary as the effect would be anti-dilutive. As of October 31, 2020 and July 31, 2020, the Company has convertible notes with a total base principal of $239,000 and $100,500, respectively, which become convertible in 180 days. There is a potential for 2,025,756 shares if the principal of $239,000 were converted at October 31, 2020. These notes will have a dilutive effect on common stock for the three months ended October 31, 2020. The Company has 10,000,000 shares of Mirage’s Series A Preferred Stock which possess 20 votes per share and are convertible into 200,000,000 common shares. As of October 31, 2020, the Company no longer has any outstanding common stock purchase warrants. Basis of Consolidation These financial statements include the accounts of the Company and its wholly owned subsidiaries, 4Ward Resources, Inc., Cenote Energy, S. de R.L. de C.V., WPF Transmission, Inc., and WPF Mexico Pipelines, S. de R.L. de C.V. All material intercompany balances and transactions have been eliminated. Financial Instruments The Company’s notes that have become convertible are subject to ASC Topic 480, “Distinguishing Liabilities from Equity,” as the debt is a mostly fixed amount to be settled with a variable number of shares. Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases, which will amend current lease accounting to require lessees to recognize (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis, and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016-02 does not significantly change lease accounting requirements applicable to lessors; however, certain changes were made to align, where necessary, lessor accounting with the lessee accounting model. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company has reviewed these provisions and will apply to the fiscal year which begins August 1, 2021, as we follow the private company effective dates as an Emerging Growth Company which have been extended due to COVID-19.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Oct. 31, 2020
GOING CONCERN
NOTE 3 - GOING CONCERN	The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company had a net loss of $841,271 and had net cash used in operations of $208,069 for the three months ended October 31, 2020 and had an accumulated deficit and working capital deficit of $12,748,223 and $2,915,117 at that date. The Company has not established an ongoing source of revenues sufficient to cover its operating cost and requires additional capital to commence its operating plan. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors raise substantial doubt about its ability to continue as a going concern. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company may include, but not be limited to: sales of equity instruments; traditional financing, such as loans; sale of participation interests and obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

DEBT

DEBT	3 Months Ended
	Oct. 31, 2020
DEBT
NOTE 4 - DEBT	As of October 31, 2020, there were no shares of common stock that could be issued for convertible debt as shown in Note 9 - Subsequent Events as the notes were not convertible at October 31, 2020. For the three months ended October 31, 2020, the Company received proceeds of $215,000 from convertible notes, which was net of $6,000 in fees deducted and converted $503,449 of convertible notes and interest. There was a $292,263 loss on change in fair value of convertible debt in total. For the year ended July 31, 2020, the Company received proceeds of $297,500 from convertible notes, which was net of $30,500 in fees deducted and converted $4,921,471 of convertible notes and interest. There was a $3,991,040 loss on change in fair value of convertible debt in total. A summary of debt at October 31, 2020 and July 31, 2020 is as follows: October 31, July 31, 2020 2020 Note, unsecured interest bearing at 2% per annum, due July 9, 2020 $ 50,000 $ 50,000 Note, unsecured interest bearing at 7.5% per annum, due April 15, 2018. This was an accounts payable bill that was converted to a loan as per Note 9 Commitments and Contingencies. This note is now in default as of April 16, 2018 and has a default interest of 17.5%. 77,844 77,844 Convertible debenture, unsecured, interest bearing at 12% per annum, issued June 12, 2018 in the amount of $18,000 with fees of $0 and cash proceeds of $18,000 which was paid directly to the vendor in the year ended July 31, 2018, convertible at December 9, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of March 30, 2019. This note became convertible on December 9, 2018. This note defaulted on November 14, 2018 and a default penalty of $9,000 was added to the note for a total of $27,000 and incurred default interest rate of 22%. The convertible note had a net change in fair value of $7,157. 76,531 69,374 Convertible debenture, unsecured, interest bearing at 8% per annum, issued September 12, 2019 in the amount of $82,500 with fees of $9,500 and cash proceeds of $73,000, convertible at March 10, 2020 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of July 12, 2020. This note was convertible on March 10, 2020. The note defaulted on November 16, 2019 and a default penalty of $83,692 was added to the note and incurred default interest rate of 24%. The convertible note had a net change in fair value of $285,106. - 211,977 Convertible debenture, unsecured, interest bearing at 10% per annum, issued September 21, 2020 in the amount of $153,000 with fees of $3,000 and cash proceeds of $150,000, convertible at March 20, 2021 with conversion price at a discount rate of 39% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of July 21, 2021. 153,000 - Convertible debenture, unsecured, interest bearing at 10% per annum, issued October 12, 2020 in the amount of $68,000 with fees of $3,000 and cash proceeds of $65,000, convertible at April 10, 2021 with conversion price at a discount rate of 39% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of August 12, 2021. 68,000 - Remaining unpaid portion due AT&T regarding cell phone installments 963 1,234 Total Debt 426,338 410,429 Less: Current Maturities 425,375 409,195 Total Long-Term Debt $ 963 $ 1,234

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Oct. 31, 2020
RELATED PARTY TRANSACTIONS
NOTE 5 - RELATED PARTY TRANSACTIONS	As of October 31, 2020, the CEO and two other members of management and one other employee had earned accrued unpaid salary in the amount of $1,733,019. Accrued salaries of $1,733,019 combined with accrued payroll taxes of $68,439 for a total accrued related party salaries and payroll tax of $1,801,458 for the period from June 2015 until October 31, 2020. Also, Mr. Michael Ward, President, was owed $5,048 for monies outlaid on behalf of the Company which was netted for $5,048 in payments received leaving a net due Mr. Ward of $0 at October 31, 2020. During the year ended July 31, 2020, Mr. Michael Ward, President, provided $10,100 directly to the Company during the year with an additional $29,642 owed for monies outlaid on behalf of the Company for a total loan amount of $39,742 which was netted for $39,742 in payments received leaving a net due Mr. Ward of $0 at July 31, 2020.

LEASES

LEASES	3 Months Ended
	Oct. 31, 2020
LEASES
NOTE 6 - LEASES	On June 9, 2016, the Company entered into a Lease Agreement for its San Antonio, Texas office lease location. The Lease Period was for three (3) years beginning July 1, 2016. On July 1, 2019, the Company entered into a First Amendment to Lease Agreement at same location. The landlord continues to hold $6,921 as security which is to be returned at the end of the new lease. The new Lease Period is three (3) years beginning July 1, 2019. The Company shall pay as additional rent all other sums of money as shall become due and payable by them under this Lease. To date after thirteen (13) months of this thirty-six (36) month lease, no such additional charges have been made. The Company has incurred rent expense in the amount of $56,604 and $84,906 for the three months ended October 31, 2020 and for the year ended July 31, 2020, respectively. Below is the schedule of rent for the remaining Lease term as of October 31, 2020. Year Ending Amount July 31, 2021 $ 56,604 July 31, 2022 84,906 Total Remaining Base Rent $ 141,510

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Oct. 31, 2020
COMMITMENTS AND CONTINGENCIES
NOTE 7 - COMMITMENTS AND CONTINGENCIES	The Company committed to eighteen (18) months of Acquisition of Pipeline Rights of Way to Marcos y Asociados with a total amount of $77,844 which was due April 15, 2018 and not paid as of October 31, 2020. Interest will continue accruing after October 31, 2020 until it is paid. From time to time the Company may become a party to litigation matters involving claims against the Company. Management believes that it is adequately insured for its operations and there are no current matters that would have a material effect on the Company’s financial position or results of operations.

EQUITY

EQUITY	3 Months Ended
	Oct. 31, 2020
COMMITMENTS AND CONTINGENCIES
NOTE 8- EQUITY	During the three months ended October 31, 2020, the Company issued 2,564,695 shares of common stock for conversion of a convertible note totaling $82,500 with a fair value of $470,214 for the debt and a fair value of $33,236 for the interest totaling $503,449. Also, the Company issued a total of 4,235,111 shares of common stock as a cashless exercise of common stock warrants. On August 24, 2020, Crown Bridge Partners, LLC exercised the right to purchase 4,235,111 shares of common stock, respectively, per the Common Stock Warrants that were issued with the November 13, 2018 note. For the three months ended October 31, 2020, the Company entered into agreement for 1,246,250 shares of common stock as compensation to consultants in the amount of $286,637. For the three months ended October 31, 2020, the Company had a cancellation of stock subscription of 500,000 shares totaling $20,000.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Oct. 31, 2020
SUBSEQUENT EVENTS
NOTE 9 - SUBSEQUENT EVENTS	The Company evaluated events occurring subsequent to October 31, 2020, identifying those that are required to be disclosed as follows: On December 9, 2020, the Company entered into a Securities Purchase Agreement with Power Up Lending Group Ltd. to issue a convertible note in the principal amount of $55,000, with unsecured, interest bearing at 10% per annum and a maturity date of September 9, 2021.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Oct. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s 10-K filed with the Securities and Exchange Commission on November 19, 2020.
Net Income (Loss) Per Share of Common Stock	The Company has adopted ASC Topic 260, “Earnings per Share,” (“EPS”) which requires presentation of basic EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation. In the accompanying financial statements, basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to convertible debt, stock options and warrants for each year. In the period of net loss, diluted EPS calculation is not deemed necessary as the effect would be anti-dilutive. As of October 31, 2020 and July 31, 2020, the Company has convertible notes with a total base principal of $239,000 and $100,500, respectively, which become convertible in 180 days. There is a potential for 2,025,756 shares if the principal of $239,000 were converted at October 31, 2020. These notes will have a dilutive effect on common stock for the three months ended October 31, 2020. The Company has 10,000,000 shares of Mirage’s Series A Preferred Stock which possess 20 votes per share and are convertible into 200,000,000 common shares. As of October 31, 2020, the Company no longer has any outstanding common stock purchase warrants.
Basis of Consolidation	These financial statements include the accounts of the Company and its wholly owned subsidiaries, 4Ward Resources, Inc., Cenote Energy, S. de R.L. de C.V., WPF Transmission, Inc., and WPF Mexico Pipelines, S. de R.L. de C.V. All material intercompany balances and transactions have been eliminated.
Financial Instruments	The Company’s notes that have become convertible are subject to ASC Topic 480, “Distinguishing Liabilities from Equity,” as the debt is a mostly fixed amount to be settled with a variable number of shares.
Recent Accounting Pronouncements	In February 2016, the FASB issued ASU 2016-02, Leases, which will amend current lease accounting to require lessees to recognize (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis, and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016-02 does not significantly change lease accounting requirements applicable to lessors; however, certain changes were made to align, where necessary, lessor accounting with the lessee accounting model. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company has reviewed these provisions and will apply to the fiscal year which begins August 1, 2021, as we follow the private company effective dates as an Emerging Growth Company which have been extended due to COVID-19.

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Oct. 31, 2020
DEBT
Schedule of debt	October 31, July 31, 2020 2020 Note, unsecured interest bearing at 2% per annum, due July 9, 2020 $ 50,000 $ 50,000 Note, unsecured interest bearing at 7.5% per annum, due April 15, 2018. This was an accounts payable bill that was converted to a loan as per Note 9 Commitments and Contingencies. This note is now in default as of April 16, 2018 and has a default interest of 17.5%. 77,844 77,844 Convertible debenture, unsecured, interest bearing at 12% per annum, issued June 12, 2018 in the amount of $18,000 with fees of $0 and cash proceeds of $18,000 which was paid directly to the vendor in the year ended July 31, 2018, convertible at December 9, 2018 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to the conversion date, maturity date of March 30, 2019. This note became convertible on December 9, 2018. This note defaulted on November 14, 2018 and a default penalty of $9,000 was added to the note for a total of $27,000 and incurred default interest rate of 22%. The convertible note had a net change in fair value of $7,157. 76,531 69,374 Convertible debenture, unsecured, interest bearing at 8% per annum, issued September 12, 2019 in the amount of $82,500 with fees of $9,500 and cash proceeds of $73,000, convertible at March 10, 2020 with conversion price at a discount rate of 45% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of July 12, 2020. This note was convertible on March 10, 2020. The note defaulted on November 16, 2019 and a default penalty of $83,692 was added to the note and incurred default interest rate of 24%. The convertible note had a net change in fair value of $285,106. - 211,977 Convertible debenture, unsecured, interest bearing at 10% per annum, issued September 21, 2020 in the amount of $153,000 with fees of $3,000 and cash proceeds of $150,000, convertible at March 20, 2021 with conversion price at a discount rate of 39% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of July 21, 2021. 153,000 - Convertible debenture, unsecured, interest bearing at 10% per annum, issued October 12, 2020 in the amount of $68,000 with fees of $3,000 and cash proceeds of $65,000, convertible at April 10, 2021 with conversion price at a discount rate of 39% of market price which is the average of the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of August 12, 2021. 68,000 - Remaining unpaid portion due AT&T regarding cell phone installments 963 1,234 Total Debt 426,338 410,429 Less: Current Maturities 425,375 409,195 Total Long-Term Debt $ 963 $ 1,234

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Oct. 31, 2020
LEASES
Schedule of rent for the remaining Lease term	Year Ending Amount July 31, 2021 $ 56,604 July 31, 2022 84,906 Total Remaining Base Rent $ 141,510

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2020	Jul. 31, 2020
Convertible note	$ 239,000	$ 100,500
Convertible note, maturity Period	180 days
Common stock shares issued upon conversion, shares	2,025,756
Common stock shares issued upon conversion, amount	$ 239,000
Series A Preferred Stock [Member]
Common stock shares issued upon conversion, shares	10,000,000
Preferred stock shares issued upon conversion, shares	200,000,000
Preferred stock, number of vote per share Description	Series A Preferred Stock which possess 20 votes per share

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2020
GOING CONCERN
Net loss	$ (841,271)	$ (427,157)
Net cash (used) in operating activities	(208,069)	$ (227,034)
Accumulated deficit	(12,748,223)		$ (11,906,952)
Working capital deficit	$ (2,915,117)

DEBT (Details)

DEBT (Details) - USD ($)	Oct. 31, 2020	Jul. 31, 2020
Remaining unpaid portion due AT&T regarding cell phone installments	$ 963	$ 1,234
Total Debt	426,338	410,429
Less: Current Maturities	425,375	409,195
Total Long-Term Debt	963	1,234
Notes Payable 1 [Member]
Total Debt	50,000	50,000
Notes Payable 2 [Member]
Total Debt	77,844	77,844
Convertible Debt [Member]
Total Debt	76,531	69,374
Convertible Debt 1 [Member]
Total Debt	0	$ 211,977
Convertible Debt 2 [Member]
Total Debt	153,000
Convertible Debt 3 [Member]
Total Debt	$ 68,000

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2020
Convertible notes interest	$ 33,235	$ 31,778
Convertible Debt [Member]
Convertible notes interest	503,449		$ 4,921,471
Proceeds from convertible notes	215,000		297,500
Financing fees	6,000		30,500
Loss due to change in fair value of convertible debt	$ (292,263)		$ (3,991,040)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jul. 31, 2020
Accrued payroll taxes	$ 68,439
Accrued salaries and payroll taxes, related parties	1,801,458		$ 1,795,071
Accrued salaries	1,733,019
Accrued unpaid salary	1,733,019
Proceeds from related party	0	$ 1,000
Expenses paid by shareholder	5,048	$ 8,575
Mr. Michael Ward [Member]
Due to related parties	0		0
Expenses paid on behalf of acquiree companies			39,742
Repayments of related parties	5,048
Loan amount	$ 5,048		39,742
Proceeds from related party			10,100
Expenses paid by shareholder			$ 29,642

LEASES (Details)

LEASES (Details)	Oct. 31, 2020USD ($)
LEASES
July 31, 2021	$ 56,604
July 31, 2022	84,906
Total Remaining Base Rent	$ 141,510

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2020	Jul. 31, 2020
LEASES
Lease agreement description	On June 9, 2016, the Company entered into a Lease Agreement for its San Antonio, Texas office lease location. The Lease Period was for three (3) years beginning July 1, 2016. On July 1, 2019, the Company entered into a First Amendment to Lease Agreement at same location. The landlord continues to hold $6,921 as security which is to be returned at the end of the new lease. The new Lease Period is three (3) years beginning July 1, 2019. The Company shall pay as additional rent all other sums of money as shall become due and payable by them under this Lease. To date after thirteen (13) months of this thirty-six (36) month lease, no such additional charges have been made.
Rent expense	$ 56,604	$ 84,906

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - Marcos Y Asociados [Member]	3 Months Ended
	Oct. 31, 2020USD ($)
Acquisition description	The Company committed to eighteen (18) months of Acquisition of Pipeline Rights of Way to Marcos y Asociados with a total amount of $77,844 which was due April 15, 2018 and not paid as of October 31, 2020. Interest will continue accruing after October 31, 2020 until it is paid.
Commitment and contingencies acquisition amount	$ 77,844

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Aug. 24, 2020	Oct. 31, 2020
Debt conversion converted amount, accrued interest		$ 503,449
Convertible note issued		$ 82,500
Debt converted into common stock		2,025,756
Debt conversion converted amount, fair value		$ 470,214
Share warrant issued, shares		42,351,111
Fair value of debt		$ 33,236
Accredited Investor [Member]
Cancellation of shares, shares		500,000
Cancellation of shares, value		$ 20,000
Consultants [Member]
Common stock shares issued for compensation, shares		1,246,250
Common stock shares issued for compensation, amount		$ 286,637
Crown Bridge Partners LLC [Member]
Common stock share purchase	42,351,111

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Dec. 09, 2020	Oct. 31, 2020
Debt converted principal amount		$ 470,214
Subsequent Event [Member] | PowerUp Lending Group Ltd One [Member]
Debt converted principal amount	$ 55,000
Maturity date	Sep. 9, 2021
Unsecured, interest bearing	10.00%