Mirage Energy (MRGE) 10-K 21 Jan 22 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jul. 31, 2021	Jan. 04, 2022	Jan. 31, 2021
Cover [Abstract]
Entity Registrant Name	MIRAGE ENERGY CORPORATION
Entity Central Index Key	0001623360
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--07-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Current Reporting Status	Yes
Document Period End Date	Jul. 31, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Ex Transition Period	false
Entity Common Stock Shares Outstanding		496,711,769
Entity Public Float			$ 74,905,415
Document Annual Report	true
Document Transition Report	false
Entity File Number	000-55690
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	33-1231170
Entity Address Address Line 1	900 Isom Rd.
Entity Address Address Line 2	Ste. 306
Entity Address City Or Town	San Antonio
Entity Address State Or Province	TX
Entity Address Postal Zip Code	78216
City Area Code	210
Local Phone Number	858-3970
Security 12g Title	Common Stock, par value $0.001
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jul. 31, 2021	Jul. 31, 2020
Current Assets
Cash and cash equivalents	$ 99,158	$ 166,941
Prepaid expenses	50,419	9,559
Total Current Assets	149,577	176,500
Property, plant and equipment, net	0	1,449
Other Assets
Deposits	6,921	6,921
Total Other Assets	6,921	6,921
TOTAL ASSETS	156,498	184,870
Current Liabilities
Accounts payable and accrued liabilities	1,005,926	836,290
Loan payable	127,844	127,844
Convertible debentures	289,905	281,351
Accrued salaries and payroll taxes, related parties	1,801,300	1,795,071
Total Current Liabilities	3,224,975	3,040,556
Long-Term Liabilities
Loans payable	1,203	1,234
TOTAL LIABILITIES	3,226,178	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 July 31, and July 31, 2020	10,000	10,000
Common stock, par value $0.001, 900,000,000 shares authorized, 478,824,365 shares issued and outstanding as of July 31, 2021; 462,730,684 shares issued and outstanding as of July 31, 2020	478,825	462,731
Stock Subscription Receivable	0	(20,000)
Additional paid-in capital	12,571,207	8,597,401
Accumulated deficit	(16,129,612)	(11,906,952)
Accumulated other comprehensive loss	(100)	(100)
TOTAL STOCKHOLDERS' DEFICIT	(3,069,680)	(2,856,920)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 156,498	$ 184,870

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2021	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	478,824,365	462,730,684
Common stock, shares outstanding	478,824,365	462,730,684

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
OPERATING EXPENSES
General and administrative expenses	$ 3,155,895	$ 929,142
Professional fees	61,176	99,563
Total Operating Expenses	3,217,071	1,028,705
LOSS FROM OPERATIONS	(3,217,071)	(1,028,705)
OTHER EXPENSES
Interest expense	60,463	103,517
Change in fair value of convertible debt	753,376	3,991,040
Penalty on convertible debt	191,750	230,942
Total Other Expense	1,005,589	4,325,499
LOSS BEFORE INCOME TAXES	(4,222,660)	(5,354,204)
NET LOSS	$ (4,222,660)	$ (5,354,204)
Basic and Diluted Loss per Common Share	$ (0.01)	$ (0.01)
Basic and Diluted Weighted Average Common Shares Outstanding	471,364,258	424,924,258

Statements of Stockholders' (De

Statements of Stockholders' (Deficit) - USD ($)	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Accumulated (Deficit) [Member]	Stock Sub. Rec.	Accumulated Other Comprehensive Loss [Member]
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)	$ 0	$ (100)
Common shares issued for conversion of debt and interest, shares		30,579,060
Common shares issued for conversion of debt and interest, amount	4,921,471	$ 30,579	0	4,890,892	0	0	0
Sale of common stock, shares		17,458,334
Sale of common stock, amount	719,000	$ 17,459	0	721,541	0	(20,000)	0
Common stock warrants valued at note date	6,595	$ 0	0	6,595	0	0	0
Common shares issued for exercise of warrants, shares		7,806,801
Common shares issued for exercise of warrants, amount	0	$ 7,807	0	(7,807)	0	0	0
Net loss	(5,354,204)	$ 0	$ 0	0	(5,354,204)	0	0
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)	(20,000)	(100)
Common shares issued for conversion of debt and interest, shares		6,820,653
Common shares issued for conversion of debt and interest, amount	1,340,263	$ 6,821	0	1,333,442	0	0	0
Sale of common stock, shares		4,091,667
Sale of common stock, amount	415,000	$ 4,092	0	410,908	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	(4,222,660)				(4,222,660)
Restricted shares issued for services and fees, shares		1,446,250
Restricted shares issued for services and fees, amount	354,637	$ 1,446	0	353,191	0	0	0
Common shares cancelled, shares		(500,000)
Common shares cancelled, amount	0	$ (500)	0	(19,500)	0	20,000	0
CEO gifted shares treated as returned to the company (5,000,000), shares		(5,000,000)
CEO gifted shares treated as returned to the company (5,000,000), amount	0	$ (5,000)		5,000
Gifted shares treated as issued by the company 5,000,000, shares		5,000,000
Gifted shares treated as issued by the company 5,000,000, amount	1,900,000	$ 5,000	$ 0	1,895,000	0	0	0
Balance, shares at Jul. 31, 2021		478,824,365	10,000,000
Balance, amount at Jul. 31, 2021	$ (3,069,680)	$ 478,825	$ 10,000	$ 12,571,207	$ (16,129,612)	$ 0	$ (100)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,222,660)	$ (5,354,204)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation expense	1,449	1,581
Financing fees	17,000	38,098
Loss on change in fair value of convertible debt	753,376	3,991,040
Penalty on convertible debt	191,750	230,942
Expenses paid by shareholder	28,188	29,642
Issuance of stock for services and fees	2,254,637	0
Changes in operating assets and liabilities:
Prepaid expenses	(40,860)	(7,799)
Accounts payable and accrued expenses	189,296	247,192
Accrued salaries and payroll taxes, related parties	6,229	(66,865)
Net cash used in operating activities	(821,595)	(890,373)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from loan, related party	0	10,100
Repayments of loan, related party	(28,188)	(39,742)
Proceeds from sale of common stock	415,000	719,000
Proceeds from sale of convertible debt	367,000	297,500
Net cash provided by financing activities	753,812	986,858
Net increase (decrease) in cash	(67,783)	96,485
Cash and cash equivalents - beginning of period	166,941	70,456
Cash and cash equivalents - end of period	99,158	166,941
Supplemental Cash Flow Disclosures
Cash paid for interest	3,232	1,533
Supplemental Non-Cash Activity Disclosures
Stock issued for convertible debt and interest	1,340,263	4,921,471
Cashless exercise of warrants	4,235	$ 7,807
Stock cancellation of stock subscription	$ 20,000

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Jul. 31, 2021
ORGANIZATION AND DESCRIPTION OF BUSINESS
NOTE 1 - 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	12 Months Ended
	Jul. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - 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. 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 July 31, 2021, and July 31, 2020, the Company has convertible notes with a total base principal of $125,000 and $100,500, respectively, which become convertible in 180 days. There is a potential for 1,486,694 shares if the principal of $125,000 were converted at July 31, 2021. These notes will have a dilutive effect on common stock for the year ended July 31, 2021. 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 July 31, 2021, the Company has no open 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. Long Lived Assets In accordance with ASC 360 “Property Plant and Equipment,” the Company reviews the carrying value of intangibles subject to amortization and long-lived assets for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Intangible assets are amortized over their estimated useful lives. Recoverability of long-lived assets is measured by comparison of its carrying amount to the undiscounted cash flows that the asset or asset group is expected to generate. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the property, if any, exceeds its fair market value. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. Cash and Cash Equivalents Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $99,158 and $166,941 in cash at July 31, 2021 and 2020, respectively. Convertible Debt The Company follows ASC 480-10, Distinguishing Liabilities from Equity (“ASC 480-10”) in its evaluation of the accounting for a hybrid instrument. A financial instrument that embodies an unconditional obligation, or a financial instrument other than an outstanding share that embodies a conditional obligation, that the issuer must or may settle by issuing a variable number of its equity shares shall be classified as a liability (or an asset in some circumstances) if, at inception, the monetary value of the obligation is based solely or predominantly on any one of the following: (a) a fixed monetary amount known at inception; (b) variations in something other than the fair value of the issuer’s equity shares; or (c) variations inversely related to changes in the fair value of the issuer’s equity shares. Hybrid instruments meeting these criteria are not further evaluated for any embedded derivatives and are carried as a liability at fair value at each balance sheet date with remeasurements reported in interest expense in the accompanying Consolidated Statements of Operations. 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. The Company follows ASC 820, “Fair Value Measurements and Disclosures”, which defines fair value 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. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Concentrations of Credit Risk The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents, accounts receivable. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company evaluates the collectability of its accounts receivable on an on-going basis and request deposits whenever it is necessary. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited. Share-based Expenses ASC 718 “Compensation - Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “Equity - Based Payments to Non-Employees.” Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date. Consultant share-based compensation was paid in the amount of $0 in 2020 and $2,254,637 in 2021. Deferred Income Taxes and Valuation Allowance The Company accounts for income taxes under ASC 740 “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of July 31, 2021 and 2020. Related Parties The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions. Commitments and Contingencies The Company follows ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no contingencies as of July 31, 2021. Future obligations for the rent of the office lease as of July 31, 2021 and 2020 were $84,906 and $162,736, respectively. 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	12 Months Ended
	Jul. 31, 2021
GOING CONCERN
NOTE 3 - 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 $4,222,660 and had net cash used in operations of $821,595 for the year ended July 31, 2021, and had an accumulated deficit and working capital deficit of $16,129,612 and $3,075,398 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	12 Months Ended
	Jul. 31, 2021
DEBT
NOTE 4 - DEBT	NOTE 4 - DEBT As of July 31, 2021, the number of shares of common stock that can be issued for convertible debt are 1,486,694 of which have all been converted or paid as of this filing day except for Jabro Funding Corp in the amount of $18,000. For the year ended July 31, 2021, the Company received proceeds of $367,000 from convertible notes, which was net of $17,000 in fees deducted and converted $1,340,263 of convertible notes and interest. There was a $753,376 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 July 31, 2021, and July 31, 2020 is as follows: July 31, July 31, 2021 2020 Note, unsecured interest bearing at 2% per annum, due July 9, 2020. This is past due. $ 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 gain on change in fair value of $23,790. 45,584 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 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%. At time of conversion in August 2020, it was determined no default was added. During the month of August 2020, $82,500 of this debt plus $5,867 in interest was converted and the Company issued 2,564,695 shares of common stock with a fair value of $470,214 for the debt and a fair value of $33,235 for the interest totaling $503,449. The convertible note had a net loss on change in fair value of $257,737. - 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 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. This note defaulted on November 4, 2020 and a default penalty of $76,500 was added to the note for a total of $229,500. The note became immediately convertible. During the month of June 2021, $153,000 of this debt plus $7,650 in interest was converted and the Company issued 2,355,015 shares of common stock with a fair value of $464,044 for the debt and a fair value of $14,404 for the interest totaling $478,448. The convertible note had a net loss on change in fair value of $234,544. - - 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 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. This note defaulted on November 4, 2020 and a default penalty of $34,000 was added to the note for a total of $102,000. The note became immediately convertible. During the month of June 2021, $68,000 of this debt plus $3,400 in interest was converted and the Company issued 1,046,673 shares of common stock with a fair value of $184,508 for the debt and a fair value of $5,909 for the interest totaling $190,417. The convertible note had a net loss on change in fair value of $82,508. - - Convertible debenture, unsecured, interest bearing at 10% per annum, issued December 9, 2020 in the amount of $55,500 with fees of $3,500 and cash proceeds of $52,000, convertible at June 7, 2021 with conversion price at a discount rate of 39% of market price which is the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of September 9, 2021. This note defaulted on December 21, 2020 and a default penalty of $27,750 was added to the note for a total of $83,250. The note became immediately convertible. During the month of June 2021, $55,500 of this debt plus $2,775 in interest was converted and the Company issued 854,270 shares of common stock with a fair value of $162,532 for the debt and a fair value of $5,418 for the interest totaling $167,950. The convertible note had a net loss on change in fair value of $79,282. - - Convertible debenture, unsecured, interest bearing at 10% per annum, issued January 12, 2021 in the amount of $53,500 with fees of $3,500 and cash proceeds of $50,000, convertible at July 11, 2021 with conversion price at a discount rate of 39% of market price which is the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of November 12, 2021. This note defaulted on March 23, 2021 and a default penalty of $26,750 was added to the note for a total of $80,250. The note became immediately convertible. The convertible note had a net loss on change in fair value of $41,911. 122,161 - Convertible debenture, unsecured, interest bearing at 10% per annum, issued March 9, 2021 in the amount of $53,500 with fees of $3,500 and cash proceeds of $50,000, convertible at September 5, 2021 with conversion price at a discount rate of 39% of market price which is the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of January 9, 2022. This note defaulted on June 22, 2021 and a default penalty of $26,750 was added to the note for a total of $80,250. The note became immediately convertible. The convertible note had a net loss on change in fair value of $41,910. 122,160 - Remaining unpaid portion due AT&T regarding cell phone installments 1,203 1,234 Total Debt 418,952 410,429 Less: Current Maturities 417,749 409,195 Total Long-Term Debt $ 1,203 $ 1,234

EQUITY

EQUITY	12 Months Ended
	Jul. 31, 2021
EQUITY
NOTE 5 - EQUITY	NOTE 5 - EQUITY Authorized Stock The Company has authorized 900,000,000 common shares with a par value of $0.001 per share. The Company also designated 10,000,000 shares of Series A Preferred Stock with a par value of $0.001 per share which were issued to Mr. Michael Ward on January 23, 2017. There are 10,000,000 shares of preferred stock that are convertible into 200,000,000 shares of common stock. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. Each share of Series A Preferred Stock has the right to be converted into twenty (20) shares of our Common Stock. Holders of Series A Preferred Stock have the right to vote such shares on an “as converted” basis, unless and until such shares are converted into shares of Common Stock. Common Shares For the year ended July 31, 2021, the Company issued 6,820,653 shares of common stock for conversion of convertible notes totaling $517,442 with a fair value of $1,281,296 for the debt and a fair value of $58,967 for the interest totaling $1,340,263. The Company sold 41,667 shares of common stock to an investor at $0.24 per share for cash proceeds of $10,000. The Company sold 4,050,000 shares of common stock to investors at $0.10 for cash proceeds of $405,000. The Company issued 1,446,250 shares of common stock as compensation to consultants in the amount of $354,637. The Company had a cancellation of stock subscription of 500,000 shares totaling $20,000. For the year ended July 31, 2021, 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 per the Common Stock Warrant dated July 31, 2019 for the third and last tranche of the November 13, 2018 convertible promissory note. There were no open warrants as of July 31, 2021. For the year ended July 31, 2020, the Company issued 30,579,060 shares of common stock for conversion of convertible notes, totaling $790,266 with a fair value of $4,407,546 for the debt and a fair value of $513,925 for the interest totaling $4,921,471. The Company sold 17,458,334 shares of common stock to investors for cash proceeds of $719,000 and stock subscription receivable of 20,000. For the year ending July 31, 2020, the Company issued a total of 7,806,801 shares of common stock as a cashless exercise of common stock warrants. On October 16, 2019, and February 10, 2020, Crown Bridge Partners, LLC exercised the right to purchase 3,696,973 and 4,109,828 shares of common stock, respectively, per the Common Stock Warrants that were issued with the November 13, 2018 note

PROVISION FOR INCOME TAXES

PROVISION FOR INCOME TAXES	12 Months Ended
	Jul. 31, 2021
PROVISION FOR INCOME TAXES
NOTE 6 - PROVISION FOR INCOME TAXES	NOTE 6 - PROVISION FOR INCOME TAXES The Company provides for income taxes under ASC 740, “Income Taxes”. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. It also requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. Certain tax attributes are subject to an annual limitation as a result of the acquisition of our subsidiaries, which constitute a change of ownership as defined under Internal Revenue Code Section 382. The Company is subject to taxation in the United States and certain state jurisdictions. The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 21% to the net loss before provision for income taxes for the following reasons: Year Ended Year Ended July 31, 2021 July 31, 2020 Income tax expense at statutory rate $ 527,306 $ 163,683 Valuation allowance (527,306 ) (163,683 ) Income tax expense $ - $ - Net deferred tax assets consist of the following components as of: July 31, 2021 July 31, 2020 NOL Carryover $ 4,428,618 $ 1,837,458 Valuation allowance (4,428,618 ) (1,837,458 ) Net deferred tax asset $ - $ - Due to the change in ownership provisions of the Income Tax laws of United States of America, net operating loss carry forwards of approximately $4,428,618, for federal income tax reporting purpose, with a portion expiring from years 2034 to 2037 if not used. When a change in ownership occurs, net operating loss carry forwards may be limited as to use in future years. The tax years still left open are 2018, 2019 and 2020.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jul. 31, 2021
RELATED PARTY TRANSACTIONS
NOTE 7 - RELATED PARTY TRANSACTIONS	NOTE 7 - RELATED PARTY TRANSACTIONS On January 24, 2017, Mirage Energy Corporation, a Nevada corporation (“Mirage” or the “Company”) entered into an agreement with Mirage’s President and CEO, Mr. Michael Ward, whereby Mirage acquired all of the issued and outstanding shares of 4Ward Resources Inc., a Texas corporation (“4Ward Resources”) from Mr. Ward in exchange for 10,000,000 shares of Mirage’s Common Stock and 10,000,000 shares of Mirage’s Series A Preferred Stock. The acquisition of 4Ward Resources was completed on January 24, 2017. On January 28, 2017, 4Ward Resources, Inc., Mirage Energy Corporation’s wholly owned subsidiary, acquired Michael Ward’s ninety (90%) percent interest in two Mexican companies. The remaining ten (10%) percent interest was acquired by Mirage Energy Corporation from Patrick Dosser. Patrick Dosser is Michael Ward’s son. Together, Mirage Energy and 4Ward Resources own 100% of the two Mexican corporations. The two Mexican corporations are WPF MEXICO PIPELINES, S. de R.L. de C.V., and CENOTE ENERGY S. de R.L. de C.V. Additionally, 4Ward Resources acquired all of Michael Ward’s interest in WPF TRANSMISSION, INC., a Texas corporation. These transactions were valued at their carry over basis of $140,286, representing $99,821 expended on behalf of these companies by 4Ward Resources, $1,500 expended by Mr. Michael Ward to be reimbursed by 4Ward Resources and $38,965 whose vendor payments will be assumed or paid by 4Ward Resources. These transactions were accounted for as a merger of entities under common control under ASC 805-50 whereby the financial information has been combined from the first day of the first period presented similar to a pooling of interest. As of July 31, 2021, the CEO and two other members of management and one other employee had earned accrued unpaid salary in the amount of $1,726,023. Accrued salaries of $1,726,023 combined with accrued payroll taxes of $75,277 for a total accrued related party salaries and payroll tax of $1,801,300 for the period from June 2015 until July 31, 2021. Also, Mr. Michael Ward, President, was owed $28,188 during the year for monies outlaid on behalf of the Company for a total loan amount of $28,188 which was netted for $28,188 in payments received leaving a net due Mr. Ward of $0 at July 31, 2021. In March 2021, the CEO gifted four individuals 5,000,000 of his personal shares of the Company. These shares have been accounted for as if they were returned to the Company by the CEO and reissued by the Company to the individuals at their fair value of $1,900,000. As of July 31, 2020, the CEO and two other members of management and one other employee had earned accrued unpaid salary in the amount of $1,728,093. Accrued salaries of $1,728,093 combined with accrued payroll taxes of $66,978 for a total accrued related party salaries and payroll tax of $1,795,071 for the period from June 2015 until July 31, 2020. Also, 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	12 Months Ended
	Jul. 31, 2021
LEASES
NOTE 8 - LEASES	NOTE 8 - 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 twenty-five (25) 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 $87,120 and $84,906 for the year ended July 31, 2021 and for the year ended July 31, 2020, respectively. Below is the schedule of rent for the remaining Lease term as of July 31, 2021. Year Ending Amount July 31, 2022 $ 77,830 Total Remaining Base Rent $ 77,830

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jul. 31, 2021
COMMITMENTS AND CONTINGENCIES
NOTE 9 - COMMITMENTS AND CONTINGENCIES	NOTE 9 - 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 July 31, 2021. Interest will continue accruing after July 31, 2021 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jul. 31, 2021
SUBSEQUENT EVENTS
NOTE 10 - SUBSEQUENT EVENTS	NOTE 10 - SUBSEQUENT EVENTS The Company evaluated events occurring subsequent to July 31, 2021, identifying those that are required to be disclosed as follows: In August 2021, the Company sold 662,500 shares of common stock at $0.08 per share to accredited investors for cash proceeds of $53,000. In September 2021, Power Up Lending Group Ltd. converted principal in the amount of $35,000 of the $53,500 note issued January 21, 2021 for 2,868,852 shares of common stock. In September 2021, the Company sold 250,000 shares of common stock at $0.08 per share to accredited investors for cash proceeds of $20,000. The Company also sold 6,388,885 shares of common stock at $0.018 per share to accredited investor for cash proceeds of $115,000. In October 2021, Power Up Lending Group Ltd. converted principal in the amount of $45,250 plus $2,675 interest of the $53,500 note issued January 21, 2021 for 3,928,279 shares of common stock. In October 2021, the Company paid off the $53,500 note issued March 9, 2021 by Power Up Lending Group Ltd. in the amount of $80,250 plus $9,529 interest. In October 2021, the Company sold 1,388,888 shares of common stock at $.018 per share to accredited investor for cash proceeds of $25,000. In December 2021, the Company sold 1,400,000 shares of common stock at $.025 per share to accredited investors for cash proceeds of $35,000. In January 2022, the Company sold 1,000,000 shares of common stock at $.025 per share to accredited investor for cash proceeds of $25,000.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jul. 31, 2021
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.
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 July 31, 2021, and July 31, 2020, the Company has convertible notes with a total base principal of $125,000 and $100,500, respectively, which become convertible in 180 days. There is a potential for 1,486,694 shares if the principal of $125,000 were converted at July 31, 2021. These notes will have a dilutive effect on common stock for the year ended July 31, 2021. 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 July 31, 2021, the Company has no open 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.
Long Lived Assets	In accordance with ASC 360 “Property Plant and Equipment,” the Company reviews the carrying value of intangibles subject to amortization and long-lived assets for impairment at least annually or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Intangible assets are amortized over their estimated useful lives. Recoverability of long-lived assets is measured by comparison of its carrying amount to the undiscounted cash flows that the asset or asset group is expected to generate. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the property, if any, exceeds its fair market value.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.
Cash and Cash Equivalents	Cash and cash equivalents include cash in banks, money market funds, and certificates of term deposits with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. The Company had $99,158 and $166,941 in cash at July 31, 2021 and 2020, respectively.
Convertible Debt	The Company follows ASC 480-10, Distinguishing Liabilities from Equity (“ASC 480-10”) in its evaluation of the accounting for a hybrid instrument. A financial instrument that embodies an unconditional obligation, or a financial instrument other than an outstanding share that embodies a conditional obligation, that the issuer must or may settle by issuing a variable number of its equity shares shall be classified as a liability (or an asset in some circumstances) if, at inception, the monetary value of the obligation is based solely or predominantly on any one of the following: (a) a fixed monetary amount known at inception; (b) variations in something other than the fair value of the issuer’s equity shares; or (c) variations inversely related to changes in the fair value of the issuer’s equity shares. Hybrid instruments meeting these criteria are not further evaluated for any embedded derivatives and are carried as a liability at fair value at each balance sheet date with remeasurements reported in interest expense in the accompanying Consolidated Statements of Operations.
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. The Company follows ASC 820, “Fair Value Measurements and Disclosures”, which defines fair value 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. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
Concentrations of Credit Risk	The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents, accounts receivable. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company evaluates the collectability of its accounts receivable on an on-going basis and request deposits whenever it is necessary. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.
Share-based Expenses	ASC 718 “Compensation - Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, “Equity - Based Payments to Non-Employees.” Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date. Consultant share-based compensation was paid in the amount of $0 in 2020 and $2,254,637 in 2021.
Deferred Income Taxes and Valuation Allowance	The Company accounts for income taxes under ASC 740 “Income Taxes.” Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets or liabilities were recognized as of July 31, 2021 and 2020.
Related Parties	The Company follows ASC 850, “Related Party Disclosures,” for the identification of related parties and disclosure of related party transactions.
Commitments and Contingencies	The Company follows ASC 450-20, Loss Contingencies, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no contingencies as of July 31, 2021. Future obligations for the rent of the office lease as of July 31, 2021 and 2020 were $84,906 and $162,736, respectively.
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)	12 Months Ended
	Jul. 31, 2021
DEBT
Schedule of debt	July 31, July 31, 2021 2020 Note, unsecured interest bearing at 2% per annum, due July 9, 2020. This is past due. $ 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 gain on change in fair value of $23,790. 45,584 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 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%. At time of conversion in August 2020, it was determined no default was added. During the month of August 2020, $82,500 of this debt plus $5,867 in interest was converted and the Company issued 2,564,695 shares of common stock with a fair value of $470,214 for the debt and a fair value of $33,235 for the interest totaling $503,449. The convertible note had a net loss on change in fair value of $257,737. - 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 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. This note defaulted on November 4, 2020 and a default penalty of $76,500 was added to the note for a total of $229,500. The note became immediately convertible. During the month of June 2021, $153,000 of this debt plus $7,650 in interest was converted and the Company issued 2,355,015 shares of common stock with a fair value of $464,044 for the debt and a fair value of $14,404 for the interest totaling $478,448. The convertible note had a net loss on change in fair value of $234,544. - - 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 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. This note defaulted on November 4, 2020 and a default penalty of $34,000 was added to the note for a total of $102,000. The note became immediately convertible. During the month of June 2021, $68,000 of this debt plus $3,400 in interest was converted and the Company issued 1,046,673 shares of common stock with a fair value of $184,508 for the debt and a fair value of $5,909 for the interest totaling $190,417. The convertible note had a net loss on change in fair value of $82,508. - - Convertible debenture, unsecured, interest bearing at 10% per annum, issued December 9, 2020 in the amount of $55,500 with fees of $3,500 and cash proceeds of $52,000, convertible at June 7, 2021 with conversion price at a discount rate of 39% of market price which is the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of September 9, 2021. This note defaulted on December 21, 2020 and a default penalty of $27,750 was added to the note for a total of $83,250. The note became immediately convertible. During the month of June 2021, $55,500 of this debt plus $2,775 in interest was converted and the Company issued 854,270 shares of common stock with a fair value of $162,532 for the debt and a fair value of $5,418 for the interest totaling $167,950. The convertible note had a net loss on change in fair value of $79,282. - - Convertible debenture, unsecured, interest bearing at 10% per annum, issued January 12, 2021 in the amount of $53,500 with fees of $3,500 and cash proceeds of $50,000, convertible at July 11, 2021 with conversion price at a discount rate of 39% of market price which is the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of November 12, 2021. This note defaulted on March 23, 2021 and a default penalty of $26,750 was added to the note for a total of $80,250. The note became immediately convertible. The convertible note had a net loss on change in fair value of $41,911. 122,161 - Convertible debenture, unsecured, interest bearing at 10% per annum, issued March 9, 2021 in the amount of $53,500 with fees of $3,500 and cash proceeds of $50,000, convertible at September 5, 2021 with conversion price at a discount rate of 39% of market price which is the lowest trading price during the twenty trading day period ending on the latest complete trading day prior to conversion date; maturity date of January 9, 2022. This note defaulted on June 22, 2021 and a default penalty of $26,750 was added to the note for a total of $80,250. The note became immediately convertible. The convertible note had a net loss on change in fair value of $41,910. 122,160 - Remaining unpaid portion due AT&T regarding cell phone installments 1,203 1,234 Total Debt 418,952 410,429 Less: Current Maturities 417,749 409,195 Total Long-Term Debt $ 1,203 $ 1,234

PROVISION FOR INCOME TAXES (Tab

PROVISION FOR INCOME TAXES (Table)	12 Months Ended
	Jul. 31, 2021
PROVISION FOR INCOME TAXES
Provision for income taxes	Year Ended Year Ended July 31, 2021 July 31, 2020 Income tax expense at statutory rate $ 527,306 $ 163,683 Valuation allowance (527,306 ) (163,683 ) Income tax expense $ - $ -
Net deferred tax assets	July 31, 2021 July 31, 2020 NOL Carryover $ 4,428,618 $ 1,837,458 Valuation allowance (4,428,618 ) (1,837,458 ) Net deferred tax asset $ - $ -

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Jul. 31, 2021
LEASES
Schedule of rent for the remaining Lease term	Year Ending Amount July 31, 2022 $ 77,830 Total Remaining Base Rent $ 77,830

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Convertible note	$ 125,000	$ 100,500
Cash and cash equivalents	$ 99,158	166,941
Convertible note, maturity Period	180 years
Share based compensation	$ 2,254,637	0
Common stock shares issued upon conversion, shares	1,486,694
Common stock shares issued upon conversion, amount	$ 125,000
Future obligation, rent of office lease	$ 84,906	$ 162,736
Common stock shares issued upon conversion of preferred stock, shares	30,579,060	44,658,950	31,088,084
Series A Preferred Stock [Member]
Common stock shares issued upon conversion, shares	10,000,000
Common stock shares issued upon conversion of preferred stock, 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 ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
GOING CONCERN
Net loss	$ (4,222,660)	$ (5,354,204)
Net cash (used) in operating activities	(821,595)	(890,373)
Accumulated deficit	(16,129,612)	$ (11,906,952)
Working capital deficit	$ (3,075,398)

DEBT (Details)

DEBT (Details) - USD ($)	Jul. 31, 2021	Jul. 31, 2020
Remaining unpaid portion due AT&T regarding cell phone installments	$ 1,203	$ 1,234
Total Debt	418,952	410,429
Less: Current Maturities	417,749	409,195
Total Long-Term Debt	1,203	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	45,584	69,374
Convertible Debt 1 [Member]
Total Debt	0	211,977
Convertible Debt 2 [Member]
Total Debt	0	0
Convertible Debt 3 [Member]
Total Debt	0	0
Convertible Debt 4 [Member]
Total Debt	0	0
Convertible Debt 5 [Member]
Total Debt	122,161	0
Convertible Debt 6 [Member]
Total Debt	$ 122,160	$ 0

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2019
Common stock shares issued	478,824,365	462,730,684
Convertible debt not been converted	30,579,060	44,658,950	31,088,084
Convertible Debt [Member]
Common stock shares issued	1,486,694
Convertible notes interest	$ 1,340,263	$ 4,921,471
Convertible debt not been converted	18,000
Proceeds from convertible notes	$ 367,000	297,500
Financing fees	17,000	30,500
Loss due to change in fair value of convertible debt	$ (753,376)	$ (3,991,040)

EQUITY (Details Narrative)

EQUITY (Details Narrative) - USD ($)	Feb. 10, 2020	Aug. 24, 2020	Oct. 16, 2019	Jul. 31, 2021	Jul. 31, 2020
Common stock, shares authorized				900,000,000	900,000,000
Common stock, shares par value				$ 0.001	$ 0.001
Preferred stock, shares authorized				10,000,000	10,000,000
Preferred stock, converted into common stock				200,000,000
Fair value of debt				$ 58,967	$ 513,925
Debt converted into common stock				6,820,653	30,579,060
Convertible note issued				$ 517,442	$ 790,266
Debt conversion converted amount, fair value				1,281,296	4,407,546
Debt conversion converted amount, accrued interest				$ 1,340,263	4,921,471
Common stock shares offered and sold, amount					719,000
Stock subscription receivable					$ 20,000
Common stock shares offered and sold, shares					17,458,334
Crown Bridge Partners LLC [Member]
Common stock share purchase	4,109,828	4,235,111	3,696,973
Consultants [Member]
Common stock shares issued for compensation, shares				1,446,250
Common stock shares issued for compensation, amount				$ 354,637
Series A Preferred Stock [Member] | Mr. Michael Ward [Member] | January 23, 2017 [Member]
Common stock, shares par value				$ 0.001
Preferred stock, shares authorized				10,000,000
Common Stock Warrants [Member]
Share warrant issued, shares				4,235,111	7,806,801
Issuance 1 [Member]
Common stock shares offered and sold, amount				$ 10,000
Common stock shares offered and sold, shares				41,667
Common stock per share				$ 0.24
Issuance 2 [Member]
Common stock shares offered and sold, amount				$ 405,000
Common stock shares offered and sold, shares				4,050,000
Common stock per share				$ 0.10
Stock Subscription [Member]
Cancellation of shares, shares				500,000
Cancellation of shares, value				$ 20,000

PROVISION FOR INCOME TAXES (Det

PROVISION FOR INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
PROVISION FOR INCOME TAXES
Income tax expense at statutory rate	$ 527,306	$ 163,683
Valuation allowance	(527,306)	(163,683)
Income tax expense	$ 0	$ 0

PROVISION FOR INCOME TAXES (D_2

PROVISION FOR INCOME TAXES (Details 1) - USD ($)	Jul. 31, 2021	Jul. 31, 2020
PROVISION FOR INCOME TAXES
NOL Carryover	$ 4,428,618	$ 1,837,458
Valuation allowance	(4,428,618)	(1,837,458)
Net deferred tax asset	$ 0	$ 0

PROVISION FOR INCOME TAXES (D_3

PROVISION FOR INCOME TAXES (Details Narrative)	12 Months Ended
	Jul. 31, 2021USD ($)
PROVISION FOR INCOME TAXES
Statutory federal income tax rate	21.00%
Net operating loss carry forwards	$ 4,428,618
Net operating loss carry forwards expire	expiring from years 2034 to 2037

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended			12 Months Ended
	Mar. 31, 2021	Jan. 28, 2017	Jan. 24, 2017	Jul. 31, 2021	Jul. 31, 2020
Accrued payroll taxes				$ 75,277	$ 66,978
Accrued salaries				1,726,023	1,728,093
Accrued unpaid salary				1,726,023	1,728,093
Accrued salaries and payroll taxes, related parties				1,801,300	1,795,071
Proceeds from related party				0	10,100
Expenses paid by shareholder				28,188	29,642
CEO [Member] | Four Individuals [Member]
Shares issued, amount	$ 1,900,000
Shares issued	5,000,000
From June 2015 Until July 31, 2021 [Member]
Accrued salaries and payroll taxes, related parties				1,801,300
From June 2015 Until July 31, 2020 [Member]
Accrued salaries and payroll taxes, related parties					1,795,071
Wpf Mexico Pipelines And Cenote Energy [Member]
Vendor payments to be assumed or paid by 4Ward Resources		$ 38,965
Expenses paid on behalf of acquiree companies		99,821
Total value of acquisition		140,286
Total due to related parties		$ 1,500
President And Ceo [Member] | 4Ward Resources Inc [Member]
Percentage of interests acquired		100.00%
President And Ceo [Member] | 4Ward Resources Inc [Member] | Common Stocks
Number of shares exchanged for acquisition			10,000,000
President And Ceo [Member] | 4Ward Resources Inc [Member] | Series A Preferred Stock [Member]
Number of shares exchanged for acquisition			10,000,000
President And Ceo [Member] | Mirage Energy Corporation's [Member] | Subsidiaries [Member]
Percentage of interests acquired		90.00%
Patrick Dosser [Member]
Percentage of interests acquired		10.00%
Mr. Michael Ward [Member]
Expenses paid on behalf of acquiree companies					39,742
Total due to related parties				0	0
Repayments of related parties				28,188
Loan amount				28,188	39,742
Proceeds from related party					10,100
Expenses paid by shareholder				$ 28,188	$ 29,642

LEASES (Details)

LEASES (Details)	Jul. 31, 2021USD ($)
LEASES
July 31, 2022	$ 77,830
Total Remaining Base Rent	$ 77,830

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2021	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 twenty-five (25) months of this thirty-six (36) month lease, no such additional charges have been made.
Rent expense	$ 87,120	$ 84,906
Securities hold by landlord	$ 6,921

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - Marcos Y Asociados [Member]	12 Months Ended
	Jul. 31, 2021USD ($)
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 July 31, 2021. Interest will continue accruing after July 31, 2021 until it is paid.
Commitment and contingencies acquisition amount	$ 77,844

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jan. 31, 2022	Dec. 31, 2021	Oct. 31, 2021	Sep. 30, 2021	Aug. 31, 2021	Jul. 31, 2021	Jul. 31, 2020	Jan. 01, 2022
Debt converted principal amount						$ 1,281,296	$ 4,407,546
Convertable note issued						$ 517,442	$ 790,266
Debt converted into common stock						1,486,694
Subsequent Event [Member]
Common stock shares offered and sold	1,000,000	1,400,000	1,388,888		662,500
Common stock shares amount	$ 25,000	$ 35,000	$ 25,000		$ 53,000
Price per share		$ 0.025	$ 0.018		$ 0.08			$ 0.025
Subsequent Event [Member] | PowerUp Lending Group Ltd One [Member] | March 9, 2021 [Member]
Debt converted principal amount			$ 80,250
Debt converted Interest			9,529
Convertable note issued			53,500
Subsequent Event [Member] | PowerUp Lending Group Ltd One [Member] | January 21, 2021 [Member]
Debt converted principal amount			45,250	$ 35,000
Debt converted Interest			2,675
Convertable note issued			$ 53,500	$ 53,500
Debt converted into common stock			3,928,279	2,868,852
Subsequent Event [Member] | Issuance 2 [Member]
Common stock shares offered and sold				6,388,885
Common stock shares amount				$ 115,000
Price per share				$ 0.018
Subsequent Event [Member] | Issuance 1 [Member]
Common stock shares offered and sold				250,000
Common stock shares amount				$ 20,000
Price per share				$ 0.08