SEC Info - Hammer Fiber Optics Holdings Corp - ‘10-Q’ for 1/31/18

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Hammer Fiber Optics Holdings Corp – ‘10-Q’ for 1/31/18 – ‘EX-101.INS’

On: Monday, 3/26/18, at 11:00am ET · For: 1/31/18 · Accession #: 1078782-18-338 · File #: 1-35876

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/26/18  Hammer Fiber Optics Holdings Corp 10-Q        1/31/18   47:1.4M                                   Action Edgar Fil… Svc/FA

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Form 10Q Quarterly Report                           HTML    132K 
 2: EX-31.1     Exhibit 31.1 Section 302 Certification              HTML     21K 
 3: EX-31.2     Exhibit 31.2 Section 302 Certification              HTML     21K 
 4: EX-32.1     Exhibit 32.1 Section 906 Certification              HTML     17K 
 5: EX-32.2     Exhibit 32.2 Section 906 Certification              HTML     17K 
12: R1          Document and Entity Information                     HTML     63K 
13: R2          Condensed Consolidated Balance Sheets (January 31,  HTML     78K 
                2018 unaudited)                                                  
14: R3          Condensed Consolidated Balance Sheets (January 31,  HTML     26K 
                2018 unaudited) - Parenthetical                                  
15: R4          Condensed Consolidated Statement of Operations      HTML     54K 
                (Unaudited)                                                      
16: R5          Condensed Consolidated Statements of Cash Flows     HTML     75K 
                (Unaudited)                                                      
17: R6          Note 1 - Organization and Description of Business   HTML     29K 
18: R7          Note 2 - Summary of Significant Accounting          HTML     85K 
                Policies                                                         
19: R8          Note 3 - Notes Receivable                           HTML     23K 
20: R9          Note 4 - Indefinite Lived Intangible Assets         HTML     22K 
21: R10         Note 5 - Related Party Transactions                 HTML     29K 
22: R11         Note 6 - Stockholders' Equity                       HTML     28K 
23: R12         Note 7 - Going Concern                              HTML     28K 
24: R13         Note 8 - Subsequent Events                          HTML     20K 
25: R14         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     20K 
                POLICIES: Basis of presentation (Policies)                       
26: R15         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     19K 
                POLICIES: Reclassifications (Policies)                           
27: R16         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     22K 
                POLICIES: Use of estimates (Policies)                            
28: R17         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     23K 
                POLICIES: Cash and cash equivalents (Policies)                   
29: R18         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     22K 
                POLICIES: Property and equipment (Policies)                      
30: R19         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     24K 
                POLICIES: Impairment of long-lived assets                        
                (Policies)                                                       
31: R20         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     24K 
                POLICIES: Notes receivable (Policies)                            
32: R21         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     27K 
                POLICIES: Indefinite-lived intangible assets                     
                (Policies)                                                       
33: R22         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     23K 
                POLICIES: Capitalized software costs (Policies)                  
34: R23         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     30K 
                POLICIES: Revenue recognition (Policies)                         
35: R24         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     26K 
                POLICIES: Income taxes (Policies)                                
36: R25         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     29K 
                POLICIES: Fair value measurements (Policies)                     
37: R26         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     23K 
                POLICIES: Consolidation of financial statements                  
                (Policies)                                                       
38: R27         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     26K 
                POLICIES: Basic and Diluted Earnings (Loss) per                  
                Common Share (Policies)                                          
39: R28         NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING          HTML     19K 
                POLICIES: Recent accounting pronouncements                       
                (Policies)                                                       
40: R29         Note 3 - Notes Receivable (Details)                 HTML     23K 
41: R30         Note 4 - Indefinite Lived Intangible Assets         HTML     19K 
                (Details)                                                        
42: R31         Note 5 - Related Party Transactions (Details)       HTML     53K 
43: R32         Note 6 - Stockholders' Equity (Details)             HTML     30K 
44: R33         Note 8 - Subsequent Events (Details)                HTML     18K 
46: XML         IDEA XML File -- Filing Summary                      XML     80K 
45: EXCEL       IDEA Workbook of Financial Reports                  XLSX     30K 
 8: EX-101.INS  XBRL Instance -- hmmr-20180131                       XML    417K 
 6: EX-101.CAL  XBRL Calculations -- hmmr-20180131_cal               XML     71K 
 7: EX-101.DEF  XBRL Definitions -- hmmr-20180131_def                XML     94K 
 9: EX-101.LAB  XBRL Labels -- hmmr-20180131_lab                     XML    294K 
10: EX-101.PRE  XBRL Presentations -- hmmr-20180131_pre              XML    240K 
11: EX-101.SCH  XBRL Schema -- hmmr-20180131                         XSD     67K 
47: ZIP         XBRL Zipped Folder -- 0001078782-18-000338-xbrl      Zip     47K

‘EX-101.INS’ — XBRL Instance — hmmr-20180131

This Exhibit is an XBRL XML File.

<?xml version="1.0" encoding="windows-1252"?>

<link:schemaRef xlink:type="simple" xlink:href="hmmr-20180131.xsd"/>

<dei:EntityCentralIndexKey contextRef="D170801_180131"> 0001539680 </dei:EntityCentralIndexKey>

<dei:DocumentType contextRef="D170801_180131"> 10-Q </dei:DocumentType>

<dei:DocumentPeriodEndDate contextRef="D170801_180131"> 2018-01-31 </dei:DocumentPeriodEndDate>

<dei:CurrentFiscalYearEndDate contextRef="D170801_180131"> --07-31 </dei:CurrentFiscalYearEndDate>

<dei:TradingSymbol contextRef="D170801_180131"> hmmr </dei:TradingSymbol>

<dei:EntityCurrentReportingStatus contextRef="D170801_180131"> Yes </dei:EntityCurrentReportingStatus>

<dei:EntityVoluntaryFilers contextRef="D170801_180131"> No </dei:EntityVoluntaryFilers>

<dei:EntityWellKnownSeasonedIssuer contextRef="D170801_180131"> No </dei:EntityWellKnownSeasonedIssuer>

<dei:AmendmentFlag contextRef="D170801_180131"> false </dei:AmendmentFlag>

<dei:DocumentFiscalYearFocus contextRef="D170801_180131"> 2018 </dei:DocumentFiscalYearFocus>

<dei:DocumentFiscalPeriodFocus contextRef="D170801_180131"> Q2 </dei:DocumentFiscalPeriodFocus>

<dei:EntityRegistrantName contextRef="D170801_180131"> HAMMER FIBER OPTICS HOLDINGS CORP </dei:EntityRegistrantName>

<dei:EntityIncorporationStateCountryName contextRef="D170801_180131"> NEVADA </dei:EntityIncorporationStateCountryName>

<dei:EntityTaxIdentificationNumber contextRef="D170801_180131"> 981032170 </dei:EntityTaxIdentificationNumber>

<dei:EntityAddressAddressLine1 contextRef="D170801_180131"> 311 Broadway </dei:EntityAddressAddressLine1>

<dei:EntityAddressCityOrTown contextRef="D170801_180131"> Point Pleasant Beach </dei:EntityAddressCityOrTown>

<dei:EntityAddressStateOrProvince contextRef="D170801_180131"> NJ </dei:EntityAddressStateOrProvince>

<dei:EntityAddressPostalZipCode contextRef="D170801_180131"> 08742 </dei:EntityAddressPostalZipCode>

<dei:CityAreaCode contextRef="D170801_180131"> 844 </dei:CityAreaCode>

<dei:LocalPhoneNumber contextRef="D170801_180131"> 413-2600 </dei:LocalPhoneNumber>

<dei:EntityFilerCategory contextRef="D170801_180131"> Smaller Reporting Company </dei:EntityFilerCategory>

<us-gaap:CommonStockSharesIssued decimals="INF" contextRef="I180319" unitRef="Shares"> 60503341 </us-gaap:CommonStockSharesIssued>

<dei:EntityListingParValuePerShare decimals="INF" contextRef="D180319" unitRef="UsdPerShare"> 0.001 </dei:EntityListingParValuePerShare>

<dei:EntityCommonStockSharesOutstanding decimals="INF" contextRef="I180319" unitRef="Shares"> 52360814 </dei:EntityCommonStockSharesOutstanding>

<us-gaap:AccountsReceivableNetCurrent decimals="INF" contextRef="I180131" unitRef="USD"> 23427 </us-gaap:AccountsReceivableNetCurrent>

<us-gaap:AccountsReceivableNetCurrent decimals="INF" contextRef="I170731" unitRef="USD"> 7488 </us-gaap:AccountsReceivableNetCurrent>

<us-gaap:OtherAssetsCurrent decimals="INF" contextRef="I180131" unitRef="USD"> 31964 </us-gaap:OtherAssetsCurrent>

<us-gaap:OtherAssetsCurrent decimals="INF" contextRef="I170731" unitRef="USD"> 44791 </us-gaap:OtherAssetsCurrent>

<us-gaap:AssetsCurrent decimals="INF" contextRef="I180131" unitRef="USD"> 163371 </us-gaap:AssetsCurrent>

<us-gaap:AssetsCurrent decimals="INF" contextRef="I170731" unitRef="USD"> 580659 </us-gaap:AssetsCurrent>

<us-gaap:PropertyPlantAndEquipmentNet decimals="INF" contextRef="I180131" unitRef="USD"> 4943696 </us-gaap:PropertyPlantAndEquipmentNet>

<us-gaap:PropertyPlantAndEquipmentNet decimals="INF" contextRef="I170731" unitRef="USD"> 5005016 </us-gaap:PropertyPlantAndEquipmentNet>

<us-gaap:IntangibleAssetsNetExcludingGoodwill decimals="INF" contextRef="I170731" unitRef="USD"> 18934 </us-gaap:IntangibleAssetsNetExcludingGoodwill>

<us-gaap:NotesAndLoansReceivableNetNoncurrent decimals="INF" contextRef="I180131" unitRef="USD"> 235000 </us-gaap:NotesAndLoansReceivableNetNoncurrent>

<us-gaap:NotesAndLoansReceivableNetNoncurrent decimals="INF" contextRef="I170731" unitRef="USD"> 235000 </us-gaap:NotesAndLoansReceivableNetNoncurrent>

<us-gaap:AssetsNoncurrent decimals="INF" contextRef="I180131" unitRef="USD"> 5197630 </us-gaap:AssetsNoncurrent>

<us-gaap:AssetsNoncurrent decimals="INF" contextRef="I170731" unitRef="USD"> 5258950 </us-gaap:AssetsNoncurrent>

<us-gaap:Assets decimals="INF" contextRef="I180131" unitRef="USD"> 5361001 </us-gaap:Assets>

<us-gaap:Assets decimals="INF" contextRef="I170731" unitRef="USD"> 5839609 </us-gaap:Assets>

<us-gaap:AccountsPayableCurrent decimals="INF" contextRef="I180131" unitRef="USD"> 174943 </us-gaap:AccountsPayableCurrent>

<us-gaap:AccountsPayableCurrent decimals="INF" contextRef="I170731" unitRef="USD"> 111612 </us-gaap:AccountsPayableCurrent>

<us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent decimals="128" contextRef="I180131" unitRef="USD"> 0 </us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent>

<us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent decimals="INF" contextRef="I170731" unitRef="USD"> 6905 </us-gaap:LongTermDebtAndCapitalLeaseObligationsCurrent>

<us-gaap:OtherLongTermDebtCurrent decimals="INF" contextRef="I180131" unitRef="USD"> 3604567 </us-gaap:OtherLongTermDebtCurrent>

<us-gaap:OtherLongTermDebtCurrent decimals="INF" contextRef="I170731" unitRef="USD"> 1210000 </us-gaap:OtherLongTermDebtCurrent>

<us-gaap:DepositLiabilitiesAccruedInterest decimals="INF" contextRef="I180131" unitRef="USD"> 208093 </us-gaap:DepositLiabilitiesAccruedInterest>

<us-gaap:DepositLiabilitiesAccruedInterest decimals="INF" contextRef="I170731" unitRef="USD"> 107094 </us-gaap:DepositLiabilitiesAccruedInterest>

<us-gaap:LiabilitiesCurrent decimals="INF" contextRef="I180131" unitRef="USD"> 3987603 </us-gaap:LiabilitiesCurrent>

<us-gaap:LiabilitiesCurrent decimals="INF" contextRef="I170731" unitRef="USD"> 1435611 </us-gaap:LiabilitiesCurrent>

<us-gaap:LongTermNotesPayable decimals="128" contextRef="I180131" unitRef="USD"> 0 </us-gaap:LongTermNotesPayable>

<us-gaap:LongTermNotesPayable decimals="INF" contextRef="I170731" unitRef="USD"> 2394567 </us-gaap:LongTermNotesPayable>

<us-gaap:Liabilities decimals="INF" contextRef="I180131" unitRef="USD"> 3987603 </us-gaap:Liabilities>

<us-gaap:Liabilities decimals="INF" contextRef="I170731" unitRef="USD"> 3830178 </us-gaap:Liabilities>

<us-gaap:CommonStockParOrStatedValuePerShare decimals="INF" contextRef="I180131" unitRef="UsdPerShare"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>

<us-gaap:CommonStockParOrStatedValuePerShare decimals="INF" contextRef="I170731" unitRef="UsdPerShare"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>

<us-gaap:CommonStockSharesAuthorized decimals="INF" contextRef="I180131" unitRef="Shares"> 250000000 </us-gaap:CommonStockSharesAuthorized>

<us-gaap:CommonStockSharesAuthorized decimals="INF" contextRef="I170731" unitRef="Shares"> 250000000 </us-gaap:CommonStockSharesAuthorized>

<us-gaap:CommonStockSharesIssued decimals="INF" contextRef="I180131" unitRef="Shares"> 60503341 </us-gaap:CommonStockSharesIssued>

<us-gaap:CommonStockSharesIssued decimals="INF" contextRef="I170731" unitRef="Shares"> 60503341 </us-gaap:CommonStockSharesIssued>

<us-gaap:CommonStockSharesOutstanding decimals="INF" contextRef="I180131" unitRef="Shares"> 52307214 </us-gaap:CommonStockSharesOutstanding>

<us-gaap:CommonStockSharesOutstanding decimals="INF" contextRef="I170731" unitRef="Shares"> 51999234 </us-gaap:CommonStockSharesOutstanding>

<us-gaap:CommonStockValue decimals="INF" contextRef="I180131" unitRef="USD"> 60503 </us-gaap:CommonStockValue>

<us-gaap:CommonStockValue decimals="INF" contextRef="I170731" unitRef="USD"> 60503 </us-gaap:CommonStockValue>

<us-gaap:AdditionalPaidInCapital decimals="INF" contextRef="I180131" unitRef="USD"> 12502897 </us-gaap:AdditionalPaidInCapital>

<us-gaap:AdditionalPaidInCapital decimals="INF" contextRef="I170731" unitRef="USD"> 10625287 </us-gaap:AdditionalPaidInCapital>

<us-gaap:RetainedEarningsAccumulatedDeficit decimals="INF" contextRef="I180131" unitRef="USD"> -11190002 </us-gaap:RetainedEarningsAccumulatedDeficit>

<us-gaap:RetainedEarningsAccumulatedDeficit decimals="INF" contextRef="I170731" unitRef="USD"> -8676359 </us-gaap:RetainedEarningsAccumulatedDeficit>

<us-gaap:StockholdersEquity decimals="INF" contextRef="I180131" unitRef="USD"> 1373398 </us-gaap:StockholdersEquity>

<us-gaap:StockholdersEquity decimals="INF" contextRef="I170731" unitRef="USD"> 2009431 </us-gaap:StockholdersEquity>

<us-gaap:LiabilitiesAndStockholdersEquity decimals="INF" contextRef="I180131" unitRef="USD"> 5361001 </us-gaap:LiabilitiesAndStockholdersEquity>

<us-gaap:LiabilitiesAndStockholdersEquity decimals="INF" contextRef="I170731" unitRef="USD"> 5839609 </us-gaap:LiabilitiesAndStockholdersEquity>

<us-gaap:SalesRevenueNet decimals="INF" contextRef="D171101_180131" unitRef="USD"> 52681 </us-gaap:SalesRevenueNet>

<us-gaap:SalesRevenueNet decimals="INF" contextRef="D161101_170131" unitRef="USD"> 38014 </us-gaap:SalesRevenueNet>

<us-gaap:SalesRevenueNet decimals="INF" contextRef="D170801_180131" unitRef="USD"> 89974 </us-gaap:SalesRevenueNet>

<us-gaap:SalesRevenueNet decimals="INF" contextRef="D160801_170131" unitRef="USD"> 38014 </us-gaap:SalesRevenueNet>

<us-gaap:OtherCostAndExpenseOperating decimals="INF" contextRef="D171101_180131" unitRef="USD"> 6049 </us-gaap:OtherCostAndExpenseOperating>

<us-gaap:OtherCostAndExpenseOperating decimals="INF" contextRef="D161101_170131" unitRef="USD"> 19863 </us-gaap:OtherCostAndExpenseOperating>

<us-gaap:OtherCostAndExpenseOperating decimals="INF" contextRef="D170801_180131" unitRef="USD"> 8256 </us-gaap:OtherCostAndExpenseOperating>

<us-gaap:OtherCostAndExpenseOperating decimals="INF" contextRef="D160801_170131" unitRef="USD"> 19863 </us-gaap:OtherCostAndExpenseOperating>

<us-gaap:SellingGeneralAndAdministrativeExpense decimals="INF" contextRef="D171101_180131" unitRef="USD"> 809688 </us-gaap:SellingGeneralAndAdministrativeExpense>

<us-gaap:SellingGeneralAndAdministrativeExpense decimals="INF" contextRef="D161101_170131" unitRef="USD"> 1106547 </us-gaap:SellingGeneralAndAdministrativeExpense>

<us-gaap:SellingGeneralAndAdministrativeExpense decimals="INF" contextRef="D170801_180131" unitRef="USD"> 1975357 </us-gaap:SellingGeneralAndAdministrativeExpense>

<us-gaap:SellingGeneralAndAdministrativeExpense decimals="INF" contextRef="D160801_170131" unitRef="USD"> 1944275 </us-gaap:SellingGeneralAndAdministrativeExpense>

<us-gaap:DepreciationAndAmortization decimals="INF" contextRef="D171101_180131" unitRef="USD"> 283909 </us-gaap:DepreciationAndAmortization>

<us-gaap:DepreciationAndAmortization decimals="INF" contextRef="D161101_170131" unitRef="USD"> 251087 </us-gaap:DepreciationAndAmortization>

<us-gaap:DepreciationAndAmortization decimals="INF" contextRef="D170801_180131" unitRef="USD"> 562945 </us-gaap:DepreciationAndAmortization>

<us-gaap:DepreciationAndAmortization decimals="INF" contextRef="D160801_170131" unitRef="USD"> 386077 </us-gaap:DepreciationAndAmortization>

<us-gaap:OperatingCostsAndExpenses decimals="INF" contextRef="D171101_180131" unitRef="USD"> 1099646 </us-gaap:OperatingCostsAndExpenses>

<us-gaap:OperatingCostsAndExpenses decimals="INF" contextRef="D161101_170131" unitRef="USD"> 1377497 </us-gaap:OperatingCostsAndExpenses>

<us-gaap:OperatingCostsAndExpenses decimals="INF" contextRef="D170801_180131" unitRef="USD"> 2546559 </us-gaap:OperatingCostsAndExpenses>

<us-gaap:OperatingCostsAndExpenses decimals="INF" contextRef="D160801_170131" unitRef="USD"> 2350215 </us-gaap:OperatingCostsAndExpenses>

<us-gaap:OperatingIncomeLoss decimals="INF" contextRef="D171101_180131" unitRef="USD"> -1046965 </us-gaap:OperatingIncomeLoss>

<us-gaap:OperatingIncomeLoss decimals="INF" contextRef="D161101_170131" unitRef="USD"> -1339483 </us-gaap:OperatingIncomeLoss>

<us-gaap:OperatingIncomeLoss decimals="INF" contextRef="D170801_180131" unitRef="USD"> -2456584 </us-gaap:OperatingIncomeLoss>

<us-gaap:OperatingIncomeLoss decimals="INF" contextRef="D160801_170131" unitRef="USD"> -2312201 </us-gaap:OperatingIncomeLoss>

<us-gaap:InterestExpense decimals="INF" contextRef="D171101_180131" unitRef="USD"> 89305 </us-gaap:InterestExpense>

<us-gaap:InterestExpense decimals="INF" contextRef="D161101_170131" unitRef="USD"> 86516 </us-gaap:InterestExpense>

<us-gaap:InterestExpense decimals="INF" contextRef="D170801_180131" unitRef="USD"> 175589 </us-gaap:InterestExpense>

<us-gaap:InterestExpense decimals="INF" contextRef="D160801_170131" unitRef="USD"> 165827 </us-gaap:InterestExpense>

<us-gaap:InvestmentIncomeNet decimals="INF" contextRef="D171101_180131" unitRef="USD"> 1765 </us-gaap:InvestmentIncomeNet>

<us-gaap:InvestmentIncomeNet decimals="INF" contextRef="D161101_170131" unitRef="USD"> 3523 </us-gaap:InvestmentIncomeNet>

<us-gaap:InvestmentIncomeNet decimals="INF" contextRef="D170801_180131" unitRef="USD"> 3530 </us-gaap:InvestmentIncomeNet>

<us-gaap:InvestmentIncomeNet decimals="INF" contextRef="D160801_170131" unitRef="USD"> 3526 </us-gaap:InvestmentIncomeNet>

<us-gaap:OtherNonoperatingIncomeExpense decimals="INF" contextRef="D171101_180131" unitRef="USD"> 115000 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:OtherNonoperatingIncomeExpense decimals="128" contextRef="D161101_170131" unitRef="USD"> 0 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:OtherNonoperatingIncomeExpense decimals="INF" contextRef="D170801_180131" unitRef="USD"> 115000 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:OtherNonoperatingIncomeExpense decimals="INF" contextRef="D160801_170131" unitRef="USD"> 2948 </us-gaap:OtherNonoperatingIncomeExpense>

<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments decimals="INF" contextRef="D171101_180131" unitRef="USD"> 27460 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>

<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments decimals="INF" contextRef="D161101_170131" unitRef="USD"> -82993 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>

<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments decimals="INF" contextRef="D170801_180131" unitRef="USD"> -57059 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>

<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments decimals="INF" contextRef="D160801_170131" unitRef="USD"> -159353 </us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>

<us-gaap:ProfitLoss decimals="INF" contextRef="D171101_180131" unitRef="USD"> -1019505 </us-gaap:ProfitLoss>

<us-gaap:ProfitLoss decimals="INF" contextRef="D161101_170131" unitRef="USD"> -1422476 </us-gaap:ProfitLoss>

<us-gaap:ProfitLoss decimals="INF" contextRef="D170801_180131" unitRef="USD"> -2513643 </us-gaap:ProfitLoss>

<us-gaap:ProfitLoss decimals="INF" contextRef="D160801_170131" unitRef="USD"> -2471554 </us-gaap:ProfitLoss>

<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted decimals="INF" contextRef="D171101_180131" unitRef="Shares"> 52233418 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>

<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted decimals="INF" contextRef="D161101_170131" unitRef="Shares"> 51324102 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>

<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted decimals="INF" contextRef="D170801_180131" unitRef="Shares"> 52189093 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>

<us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted decimals="INF" contextRef="D160801_170131" unitRef="Shares"> 51290098 </us-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>

<us-gaap:EarningsPerShareBasicAndDiluted decimals="INF" contextRef="D171101_180131" unitRef="UsdPerShare"> -0.02 </us-gaap:EarningsPerShareBasicAndDiluted>

<us-gaap:EarningsPerShareBasicAndDiluted decimals="INF" contextRef="D161101_170131" unitRef="UsdPerShare"> -0.03 </us-gaap:EarningsPerShareBasicAndDiluted>

<us-gaap:EarningsPerShareBasicAndDiluted decimals="INF" contextRef="D170801_180131" unitRef="UsdPerShare"> -0.05 </us-gaap:EarningsPerShareBasicAndDiluted>

<us-gaap:EarningsPerShareBasicAndDiluted decimals="INF" contextRef="D160801_170131" unitRef="UsdPerShare"> -0.05 </us-gaap:EarningsPerShareBasicAndDiluted>

<us-gaap:NetIncomeLoss decimals="INF" contextRef="D170801_180131" unitRef="USD"> -2513643 </us-gaap:NetIncomeLoss>

<us-gaap:NetIncomeLoss decimals="INF" contextRef="D160801_170131" unitRef="USD"> -2471554 </us-gaap:NetIncomeLoss>

<us-gaap:DepreciationDepletionAndAmortization decimals="INF" contextRef="D170801_180131" unitRef="USD"> -562945 </us-gaap:DepreciationDepletionAndAmortization>

<us-gaap:DepreciationDepletionAndAmortization decimals="INF" contextRef="D160801_170131" unitRef="USD"> -386076 </us-gaap:DepreciationDepletionAndAmortization>

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<us-gaap:ImpairmentOfInvestments decimals="INF" contextRef="D160801_170131" unitRef="USD"> 44516 </us-gaap:ImpairmentOfInvestments>

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NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Hammer Fiber Optics Holdings Corp. (“the Company”) is an alternative telecommunications carrier formed to provide high capacity broadband through a wireless access network. Hammer Fiber Optics Holdings Corp. is the parent company and sole shareholder of Hammer Wireless Corporation. The financial statements for Hammer Fiber Optics Holdings Corp. and its wholly-owned subsidiary are reported on a consolidated basis. All significant intercompany accounts and transactions have been eliminated. The interim financial statements for the fiscal quarter ending January 31, 2018 are unaudited. These financial statements are prepared in accordance with requirements for unaudited interim periods and consequently do not include all disclosures required to be in conformity with accounting principles generally accepted in the United States of America. The results of operations for the interim periods are not necessarily indicative of the results for the full year. In management's opinion, all adjustments necessary for a fair presentation of the Company's financial statements are reflected in the interim periods included and are of a normal recurring nature. These interim financial statements should be read in conjunction with the financial statements included in our Form 10-K, for the year ended July 31, 2017, as filed with the Securities and Exchange Commission (“the SEC”) at www.sec.gov.

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<us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock contextRef="D170801_180131">

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Reclassifications Costs incurred during the three and six month periods ended January 31, 2017, and previously recorded as Cost of Sales, have been reclassified as Operations and Maintenance expenses in the comparable periods in 2018. Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. 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. Property and equipment Property and equipment is stated at cost less accumulated depreciation. Depreciation is provided for on a straight-line basis over the useful lives of the assets. For network service equipment, the useful life is ten years. For furniture and fixtures, the useful life is five years. Leasehold Improvements are depreciated over six years. Expenditures for additions and improvements are capitalized; repairs and maintenance are expensed as incurred. Impairment of long-lived assets The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to future undiscounted cash flows to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds the fair value of the assets. The Company has not recognized impairment losses. Notes Receivable These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Subsequent to initial recognition, they are recorded at amortized cost less any provision for impairment. Individually significant receivables are considered for impairment when they are past due or when other objective evidence is received that a specific counterparty is more likely than not to default. Indefinite lived intangible assets The Company reviews property, plant and equipment, inventory component prepayments and certain identifiable intangibles, excluding goodwill, for impairment. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of these assets is measured by comparison of their carrying amounts to future undiscounted cash flows the assets are expected to generate. If property, plant and equipment, inventory component prepayments and certain identifiable intangibles are considered to be impaired, the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair value. The Company has not recorded any related impairment losses. The Company does not amortize goodwill and intangible assets with indefinite useful lives, rather such assets are required to be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that the assets may be impaired. The Company has not recorded any related impairment losses. Capitalized software costs Costs incurred during the application development stage for software programs are capitalized. These costs consist primarily of direct costs incurred for professional services provided by third parties and compensation costs of employees which relate to software developed for internal use during the application stage. Costs incurred in the preliminary project stage of development and the post-implementation stage are expensed in the periods when they are incurred. Capitalized software costs are included in property and equipment, net and are being amortized over their estimated useful life of five years. Revenue recognition The Company recognizes revenues and the related costs when a sales or service arrangement exists, delivery and acceptance has occurred or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue or customer deposits. The company accrues for sales returns, bad debts, and other allowances based on its historical experience. Revenue is recorded net of discounts provided to customers. Discounts applied during the three and six- month periods ended January 31, 2018 were $6,870 and 13,267, respectively. The Company’s revenues consist primarily of subscription agreements for its broadband internet and voice-over-IP phone services. Residential broadband service delivered to customers over the Company’s hybrid fiber and wireless network in Atlantic County, New Jersey is the primary revenue source. Revenues are supplemented by phone and add-on services. Broadband services delivered via fiber optics to enterprise businesses account for the remaining sources of revenue. Services are billed monthly to subscribers on either a one- year or two-year contract for residential customers and three-year contracts for enterprise business customers. Revenue begins accruing as service is delivered at commencement of the customer’s service contract. Income taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Accounting for Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized Fair value measurements The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 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, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The Company has no assets or liabilities valued at fair value on a recurring basis. Consolidation of financial statements Hammer Fiber Optics Holdings Corp. is the parent company and sole shareholder of Hammer Wireless Corporation. The financial statements for Hammer Fiber Optics Holdings Corp. and its wholly-owned subsidiary are reported on a consolidated basis. All significant intercompany accounts and transactions have been eliminated. Basic and Diluted Earnings (Loss) per Common Share The basic earnings (loss) per share are calculated by dividing the Company's net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company's net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. As of January 31, 2018 and 2017, there were no common stock equivalents outstanding. Recent accounting pronouncements The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

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<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="D170801_180131">

Basis of presentation The accompanying consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>

<us-gaap:Reclassifications contextRef="D170801_180131">

Reclassifications Costs incurred during the three and six month periods ended January 31, 2017, and previously recorded as Cost of Sales, have been reclassified as Operations and Maintenance expenses in the comparable periods in 2018.

</us-gaap:Reclassifications>

<us-gaap:UseOfEstimates contextRef="D170801_180131">

Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

</us-gaap:UseOfEstimates>

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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.

</us-gaap:CashAndCashEquivalentsPolicyTextBlock>

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Property and equipment Property and equipment is stated at cost less accumulated depreciation. Depreciation is provided for on a straight-line basis over the useful lives of the assets. For network service equipment, the useful life is ten years. For furniture and fixtures, the useful life is five years. Leasehold Improvements are depreciated over six years. Expenditures for additions and improvements are capitalized; repairs and maintenance are expensed as incurred.

</us-gaap:PropertyPlantAndEquipmentPolicyTextBlock>

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Impairment of long-lived assets The Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to future undiscounted cash flows to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds the fair value of the assets. The Company has not recognized impairment losses.

</us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock>

<us-gaap:ReceivablesPolicyTextBlock contextRef="D170801_180131">

Notes Receivable These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Subsequent to initial recognition, they are recorded at amortized cost less any provision for impairment. Individually significant receivables are considered for impairment when they are past due or when other objective evidence is received that a specific counterparty is more likely than not to default.

</us-gaap:ReceivablesPolicyTextBlock>

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Indefinite lived intangible assets The Company reviews property, plant and equipment, inventory component prepayments and certain identifiable intangibles, excluding goodwill, for impairment. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of these assets is measured by comparison of their carrying amounts to future undiscounted cash flows the assets are expected to generate. If property, plant and equipment, inventory component prepayments and certain identifiable intangibles are considered to be impaired, the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair value. The Company has not recorded any related impairment losses. The Company does not amortize goodwill and intangible assets with indefinite useful lives, rather such assets are required to be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that the assets may be impaired. The Company has not recorded any related impairment losses.

</us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock>

<us-gaap:IntangibleAssetsFiniteLivedPolicy contextRef="D170801_180131">

Capitalized software costs Costs incurred during the application development stage for software programs are capitalized. These costs consist primarily of direct costs incurred for professional services provided by third parties and compensation costs of employees which relate to software developed for internal use during the application stage. Costs incurred in the preliminary project stage of development and the post-implementation stage are expensed in the periods when they are incurred. Capitalized software costs are included in property and equipment, net and are being amortized over their estimated useful life of five years.

</us-gaap:IntangibleAssetsFiniteLivedPolicy>

<us-gaap:RevenueRecognitionPolicyTextBlock contextRef="D170801_180131">

Revenue recognition The Company recognizes revenues and the related costs when a sales or service arrangement exists, delivery and acceptance has occurred or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue or customer deposits. The company accrues for sales returns, bad debts, and other allowances based on its historical experience. Revenue is recorded net of discounts provided to customers. Discounts applied during the three and six- month periods ended January 31, 2018 were $6,870 and 13,267, respectively. The Company’s revenues consist primarily of subscription agreements for its broadband internet and voice-over-IP phone services. Residential broadband service delivered to customers over the Company’s hybrid fiber and wireless network in Atlantic County, New Jersey is the primary revenue source. Revenues are supplemented by phone and add-on services. Broadband services delivered via fiber optics to enterprise businesses account for the remaining sources of revenue. Services are billed monthly to subscribers on either a one- year or two-year contract for residential customers and three-year contracts for enterprise business customers. Revenue begins accruing as service is delivered at commencement of the customer’s service contract.

</us-gaap:RevenueRecognitionPolicyTextBlock>

<us-gaap:IncomeTaxPolicyTextBlock contextRef="D170801_180131">

Income taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Accounting for Income Taxes”. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized

</us-gaap:IncomeTaxPolicyTextBlock>

<us-gaap:FairValueMeasurementPolicyPolicyTextBlock contextRef="D170801_180131">

Fair value measurements The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. ASC 820 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, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The Company has no assets or liabilities valued at fair value on a recurring basis.

</us-gaap:FairValueMeasurementPolicyPolicyTextBlock>

<us-gaap:ConsolidationPolicyTextBlock contextRef="D170801_180131">

Consolidation of financial statements Hammer Fiber Optics Holdings Corp. is the parent company and sole shareholder of Hammer Wireless Corporation. The financial statements for Hammer Fiber Optics Holdings Corp. and its wholly-owned subsidiary are reported on a consolidated basis. All significant intercompany accounts and transactions have been eliminated.

</us-gaap:ConsolidationPolicyTextBlock>

<us-gaap:EarningsPerSharePolicyTextBlock contextRef="D170801_180131">

Basic and Diluted Earnings (Loss) per Common Share The basic earnings (loss) per share are calculated by dividing the Company's net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company's net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company. As of January 31, 2018 and 2017, there were no common stock equivalents outstanding.

</us-gaap:EarningsPerSharePolicyTextBlock>

<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="D170801_180131">

Recent accounting pronouncements The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>

<us-gaap:FinancingReceivablesTextBlock contextRef="D170801_180131">

NOTE 3 – NOTES RECEIVABLE During the fiscal year ended July 31, 2016, the Company entered into a loan agreement with MEK Investments Inc. (an unrelated party) for an aggregate amount of $235,000. The loan matures June 30, 2018 at which time the principal is due in its entirety, in addition to simple interest accrued at 3%. The Company entered into this transaction as an investment opportunity. The Company had entered into a loan agreement during the year ended July 2016 with Zena Capital, LLC for an aggregate amount of $1,000,000. Payments of $250,000 had been made against the loan however the loan was in default as of July 31, 2017. The Company recorded a reserve against the outstanding balance of $750,000 in July 2017. A payment of $115,000 was received during the three months ended January 31, 2018 and was recorded as Other Income.

</us-gaap:FinancingReceivablesTextBlock>

<us-gaap:NotesReceivableGross decimals="INF" contextRef="I180131_CounterpartyName-MekInvInc" unitRef="USD"> 235000 </us-gaap:NotesReceivableGross>

<us-gaap:DebtInstrumentMaturityDate contextRef="D170801_180131_CounterpartyName-MekInvInc"> 2018-06-30 </us-gaap:DebtInstrumentMaturityDate>

<us-gaap:DebtInstrumentInterestRateStatedPercentage decimals="INF" contextRef="I180131_CounterpartyName-MekInvInc" unitRef="Pure"> 0.0300 </us-gaap:DebtInstrumentInterestRateStatedPercentage>

<us-gaap:IntangibleAssetsDisclosureTextBlock contextRef="D170801_180131">

NOTE 4 – INDEFINITE LIVED INTANGIBLE ASSETS The Company has $18,934 of recognized indefinite lived intangible assets, which consist of the ownership of Internet Protocol version 4 (IPv4) address blocks. These assets are not amortized and are evaluated routinely for potential impairment. If a determination is made that the intangible asset is impaired after performing the initial qualitative assessment, the asset’s fair value will be calculated and compared with the carrying value to determine whether an impairment loss should be recognized.

</us-gaap:IntangibleAssetsDisclosureTextBlock>

<us-gaap:IntangibleAssetsNetExcludingGoodwill decimals="INF" contextRef="I180131" unitRef="USD"> 18934 </us-gaap:IntangibleAssetsNetExcludingGoodwill>

<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="D170801_180131">

NOTE 5 – RELATED PARTY TRANSACTIONS On October 9, 2016, the Company entered into a short-term loan agreement with a family member of a member of the Company’s Board of Directors. Under the agreement, the lender advanced $100,000 to the Company for the purpose of providing working capital. The loan is for a period of 6 months and shall accumulate interest at an annual rate of 3%. The Company is currently in default on this loan. On September 15, 2016, the Company received $210,000 from a family member of a member of the Board of Directors, also for the purpose of working capital, and has recorded such amount as a deposit in anticipation of executing a loan agreement. As of January 31, 2018, the full $310,000 is due and outstanding During the fiscal year ended July 31, 2016, the Company entered into two promissory notes with a related party for an aggregate amount of $2,400,000 and $1,000,000, respectively. The $2,400,000 note matures on January 4, 2019. The terms consist of ten principal and interest payments due quarterly in the amount of $300,000 for total payments of $3,000,000. The Company is currently in default on this loan. To date, the Company has made payments on this note amounting to $625,831. The payments were applied to interest accrued as of the time of payment as well as to principal. The principal balance was $ 2,294,067 at January 31, 2018 and July 31, 2017 respectively. The interest accrued was $154,092 at January 31, 2018 and $69,594 at July 31, 2017 respectively. The $1,000,000 note matures June 9, 2018 at which time the principal is due in its entirety, in addition to simple interest accrued at 3%. The principal balance was $1,000,000 at January 31, 2018 and July 31, 2017 respectively. The accrued interest payable amounts to $54,000 at January 31, 2018 and $37,500 at July 31, 2017, respectively.

</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>

<us-gaap:RelatedPartyTransactionDate contextRef="D170801_180131_RelPtyTrnsByRelPty-FamilyMemberOfAMemberOfTheCompanySBoardOfDirectors"> 2016-10-09 </us-gaap:RelatedPartyTransactionDate>

<us-gaap:RelatedPartyTransactionDescriptionOfTransaction contextRef="D170801_180131_RelPtyTrnsByRelPty-FamilyMemberOfAMemberOfTheCompanySBoardOfDirectors"> Company entered into a short-term loan agreement with a family member of a member of the Company’s Board of Directors </us-gaap:RelatedPartyTransactionDescriptionOfTransaction>

<us-gaap:RelatedPartyTransactionAmountsOfTransaction decimals="INF" contextRef="D170801_180131_RelPtyTrnsByRelPty-FamilyMemberOfAMemberOfTheCompanySBoardOfDirectors" unitRef="USD"> 100000 </us-gaap:RelatedPartyTransactionAmountsOfTransaction>

<us-gaap:RelatedPartyTransactionTermsAndMannerOfSettlement contextRef="D170801_180131_RelPtyTrnsByRelPty-FamilyMemberOfAMemberOfTheCompanySBoardOfDirectors"> loan is for a period of 6 months </us-gaap:RelatedPartyTransactionTermsAndMannerOfSettlement>

<us-gaap:RelatedPartyTransactionRate decimals="INF" contextRef="D170801_180131_RelPtyTrnsByRelPty-FamilyMemberOfAMemberOfTheCompanySBoardOfDirectors" unitRef="Pure"> 0.0300 </us-gaap:RelatedPartyTransactionRate>

<us-gaap:RevenueFromRelatedParties decimals="INF" contextRef="D170801_180131_RelPtyTrnsByRelPty-FamilyMemberOfAMemberOfTheCompanySBoardOfDirectors" unitRef="USD"> 210000 </us-gaap:RevenueFromRelatedParties>

<us-gaap:LongTermDebt decimals="INF" contextRef="I180131_RelPtyTrnsByRelPty-FamilyMemberOfAMemberOfTheCompanySBoardOfDirectors" unitRef="USD"> 310000 </us-gaap:LongTermDebt>

<us-gaap:RelatedPartyTransactionDescriptionOfTransaction contextRef="D170801_180131_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty"> Company entered into two promissory notes with a related party </us-gaap:RelatedPartyTransactionDescriptionOfTransaction>

<us-gaap:RelatedPartyTransactionAmountsOfTransaction decimals="INF" contextRef="D170801_180131_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty1" unitRef="USD"> 2400000 </us-gaap:RelatedPartyTransactionAmountsOfTransaction>

<us-gaap:RelatedPartyTransactionAmountsOfTransaction decimals="INF" contextRef="D170801_180131_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty2" unitRef="USD"> 1000000 </us-gaap:RelatedPartyTransactionAmountsOfTransaction>

<us-gaap:RelatedPartyTransactionTermsAndMannerOfSettlement contextRef="D170801_180131_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty"> terms consist of ten principal and interest payments due quarterly </us-gaap:RelatedPartyTransactionTermsAndMannerOfSettlement>

<us-gaap:LongTermDebt decimals="INF" contextRef="I180131_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty" unitRef="USD"> 2294067 </us-gaap:LongTermDebt>

<us-gaap:InterestPayableCurrentAndNoncurrent decimals="INF" contextRef="I180131_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty" unitRef="USD"> 154092 </us-gaap:InterestPayableCurrentAndNoncurrent>

<us-gaap:InterestPayableCurrentAndNoncurrent decimals="INF" contextRef="I170731_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty" unitRef="USD"> 69594 </us-gaap:InterestPayableCurrentAndNoncurrent>

<us-gaap:DebtInstrumentMaturityDate contextRef="D170801_180131_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty2"> 2018-06-09 </us-gaap:DebtInstrumentMaturityDate>

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<us-gaap:LongTermDebt decimals="INF" contextRef="I180131_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty2" unitRef="USD"> 1000000 </us-gaap:LongTermDebt>

<us-gaap:LongTermDebt decimals="INF" contextRef="I170731_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty2" unitRef="USD"> 1000000 </us-gaap:LongTermDebt>

<us-gaap:InterestPayableCurrentAndNoncurrent decimals="INF" contextRef="I180131_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty2" unitRef="USD"> 54000 </us-gaap:InterestPayableCurrentAndNoncurrent>

<us-gaap:InterestPayableCurrentAndNoncurrent decimals="INF" contextRef="I170731_RelPtyTrnsByRelPty-PromissoryNoteWithRelPty2" unitRef="USD"> 37500 </us-gaap:InterestPayableCurrentAndNoncurrent>

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NOTE 6 – STOCKHOLDERS’ EQUITY In July 2016, certain shareholders of the Company contributed 9,291,670 restricted shares of their common stock to the Company’s wholly-owned subsidiary, Hammer Wireless Corporation, for the purpose of effecting acquisitions, joint ventures or other business combinations with third parties. Then, Hammer Wireless sold a portion of these restricted shares to third parties and contributed the proceeds to the Company. These shares are being accounted for as treasury stock under the cost method, with an initial cost of $0. Accordingly, these shares have been removed from the outstanding shares reported on the balance sheet.Since such contribution was an inter-company transaction, any impact on the financial statements is eliminated in the consolidation of these financial statements. During the year ended July 31, 2016, the Company issued an additional 759,619 Class A shares and 992,481 Class B shares for proceeds of $3,140,094. After the merger effected July 19, 2016, the Company had 60,503,341 common shares outstanding with a par value of $0.001 per share. The Class A share of HFOI have been converted to common stock and as a result the company currently has only one class of stock (common). During the six months ended January 31, 2018, the Company received cash of $1,877,610 from the sale of 307,980 treasury shares. 239,230 shares were sold at $7.00 per share, 20,750 shares were sold at $4.00 per share, and 48,000 shares were sold at $2.50 per share, respectively. Total treasury shares outstanding were 8,196,127 and 8,504,107 at January 31, 2018 and July 31, 2017, respectively.

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<us-gaap:EquityMethodInvestmentAdditionalInformation contextRef="D170801_180131_TrnType-InJuly2016"> certain shareholders of the Company contributed 9,291,670 restricted shares of their common stock to the Company’s wholly-owned subsidiary, Hammer Wireless Corporation </us-gaap:EquityMethodInvestmentAdditionalInformation>

<us-gaap:EquityMethodInvestmentAdditionalInformation contextRef="D170801_180131_TrnType-DuringTheYrEndedJuly312016"> Company issued an additional 759,619 Class A shares and 992,481 Class B shares for proceeds of $3,140,094 </us-gaap:EquityMethodInvestmentAdditionalInformation>

<us-gaap:CommonStockSharesOutstanding decimals="INF" contextRef="I160719" unitRef="Shares"> 60503341 </us-gaap:CommonStockSharesOutstanding>

<us-gaap:CommonStockParOrStatedValuePerShare decimals="INF" contextRef="I160719" unitRef="UsdPerShare"> 0.001 </us-gaap:CommonStockParOrStatedValuePerShare>

<us-gaap:EquityMethodInvestmentAdditionalInformation contextRef="D170801_180131_TrnType-DuringTheThreeMoEndedOctober312017"> Company received cash of $1,877,610 from the sale of 307,980 treasury shares. </us-gaap:EquityMethodInvestmentAdditionalInformation>

<fil:TreasurySharesOutstanding decimals="INF" contextRef="I180131" unitRef="Shares"> 8196127 </fil:TreasurySharesOutstanding>

<fil:TreasurySharesOutstanding decimals="INF" contextRef="I170731" unitRef="Shares"> 8504107 </fil:TreasurySharesOutstanding>

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NOTE 7 – GOING CONCERN The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has consistently sustained losses since its inception. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The Company’s continuation as a going concern is dependent upon, among other things, its ability to increase revenues, adequately control operating expenses and receive debt and/or equity capital from third parties. No assurance can be given that the Company will be successful in these efforts. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company intends to continue to address this condition by seeking to raise additional capital through the issuance of debt and/or the sale of equity until such time that ongoing revenues can sustain the business, at which time capitalization may be considered through other means.

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NOTE 8 – SUBSEQUENT EVENTS Subsequent to January 31, 2018 the Company received cash of $134,000 from the sale of 53,600 shares of Hammer Fiber Optics Holdings Corp. held by Hammer Wireless Corporation and sold to third parties.

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<us-gaap:SubsequentEventDescription contextRef="D170801_180131_SubsequentEventType-Event1"> Company received cash of $134,000 from the sale of 53,600 shares </us-gaap:SubsequentEventDescription>

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Filing Submission 0001078782-18-000338 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Hammer Fiber Optics Holdings Corp – ‘10-Q’ for 1/31/18 – ‘EX-101.INS’

On: Monday, 3/26/18, at 11:00am ET · For: 1/31/18 · Accession #: 1078782-18-338 · File #: 1-35876

Previous ‘10-Q’: ‘10-Q’ on 12/15/17 for 10/31/17 · Next: ‘10-Q’ on 6/14/18 for 4/30/18 · Latest: ‘10-Q’ on 3/27/24 for 1/31/24

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘EX-101.INS’ — XBRL Instance — hmmr-20180131

This Exhibit is an XBRL XML File.

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents