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Ameri Metro, Inc. (formerly Yellowwood) – ‘S-1’ on 11/23/16 – ‘EX-101.INS’

On:  Wednesday, 11/23/16, at 3:35pm ET   ·   Accession #:  1534155-16-94   ·   File #:  333-214786

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

11/23/16  Ameri Metro Inc (for… Yellowwood) S-1                   56:18M

Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         S1 20161123                                         HTML    915K 
 2: EX-5        Consent of Counsel                                  HTML     21K 
 3: EX-23       Consent of Accountants                              HTML     19K 
 5: EX-99       Proadvisor Consent Letter                           HTML     17K 
 4: EX-99       Proadvisor Valuation Report, Dated December 30,     HTML    103K 
                2015                                                             
12: R1          Document and Entity Information                     HTML     55K 
13: R2          Statement of Financial Position                     HTML    103K 
14: R3          Statements of Operations                            HTML     56K 
15: R4          Statements of Stockholders' Equity                  HTML     85K 
16: R5          Statements of Cash Flows                            HTML     73K 
17: R6          Statement of Cash Flows, Supplemental Disclosures   HTML     27K 
18: R7          Note 1 - Summary of Significant Accounting          HTML     27K 
                Policies                                                         
19: R8          Note 2 - Going Concern                              HTML     23K 
20: R9          Note 3 - Summary of Significant Accounting          HTML     35K 
                Policies                                                         
21: R10         Note 4 - Property and Equipment                     HTML     25K 
22: R11         Note 5 - Due To Related Parties                     HTML     23K 
23: R12         Note 6 - Loans Payable - Related Parties            HTML     21K 
24: R13         Note 7 - Loan Payable                               HTML     22K 
25: R14         Note 8 - Capital Stock                              HTML     43K 
26: R15         Note 9 - Stock Options                              HTML     41K 
27: R16         Note 10 - Income Taxes                              HTML     27K 
28: R17         Note 11 - Commitments and Contingencies             HTML     37K 
29: R18         Note 12 - Subsequent Events                         HTML     32K 
30: R19         Note 1 - Summary of Significant Accounting          HTML     22K 
                Policies: Nature of Business (Policies)                          
31: R20         Note 3 - Summary of Significant Accounting          HTML     23K 
                Policies: Principles of Consolidation (Policies)                 
32: R21         Note 3 - Summary of Significant Accounting          HTML     21K 
                Policies: Accounting Basis (Policies)                            
33: R22         Note 3 - Summary of Significant Accounting          HTML     21K 
                Policies: Basis of Presentation (Policies)                       
34: R23         Note 3 - Summary of Significant Accounting          HTML     23K 
                Policies: Financial Instruments (Policies)                       
35: R24         Note 3 - Summary of Significant Accounting          HTML     23K 
                Policies: Cash and Cash Equivalents (Policies)                   
36: R25         Note 3 - Summary of Significant Accounting          HTML     22K 
                Policies: Property and Equipment (Policies)                      
37: R26         Note 3 - Summary of Significant Accounting          HTML     23K 
                Policies: Concentrations of Credit Risk (Policies)               
38: R27         Note 3 - Summary of Significant Accounting          HTML     22K 
                Policies: Use of Estimates (Policies)                            
39: R28         Note 3 - Summary of Significant Accounting          HTML     21K 
                Policies: Reclassifications (Policies)                           
40: R29         Note 3 - Summary of Significant Accounting          HTML     23K 
                Policies: Revenue Recognition (Policies)                         
41: R30         Note 3 - Summary of Significant Accounting          HTML     22K 
                Policies: Income Taxes (Policies)                                
42: R31         Note 3 - Summary of Significant Accounting          HTML     23K 
                Policies: Basic Income (loss) Per Share (Policies)               
43: R32         Note 3 - Summary of Significant Accounting          HTML     23K 
                Policies: Stock-based Compensation (Policies)                    
44: R33         Note 3 - Summary of Significant Accounting          HTML     21K 
                Policies: Recent Accounting Pronouncements                       
                (Policies)                                                       
45: R34         Note 11 - Commitments and Contingencies: Employee   HTML     31K 
                Agreements (Policies)                                            
46: R35         Note 11 - Commitments and Contingencies: Operating  HTML     24K 
                Lease (Policies)                                                 
47: R36         Note 11 - Commitments and Contingencies: Master     HTML     22K 
                Consulting Agreement (Policies)                                  
48: R37         Note 11 - Commitments and Contingencies: Stock      HTML     20K 
                Split (Policies)                                                 
49: R38         Note 4 - Property and Equipment: Property and       HTML     24K 
                Equipment Consist of The Following As of July 31,                
                2016 and 2015 (Tables)                                           
50: R39         Note 10 - Income Taxes: Summary of Cumulative Tax   HTML     23K 
                Effect (Tables)                                                  
51: R40         Note 4 - Property and Equipment: Property and       HTML     26K 
                Equipment Consist of The Following As of July 31,                
                2016 and 2015 (Details)                                          
52: R41         Note 10 - Income Taxes (Details)                    HTML     20K 
53: R42         Note 10 - Income Taxes: Summary of Cumulative Tax   HTML     24K 
                Effect (Details)                                                 
55: XML         IDEA XML File -- Filing Summary                      XML    101K 
54: EXCEL       IDEA Workbook of Financial Reports                  XLSX     47K 
 6: EX-101.INS  XBRL Instance -- amgi-20160731                       XML    402K 
 8: EX-101.CAL  XBRL Calculations -- amgi-20160731_cal               XML     24K 
 9: EX-101.DEF  XBRL Definitions -- amgi-20160731_def                XML    120K 
10: EX-101.LAB  XBRL Labels -- amgi-20160731_lab                     XML    393K 
11: EX-101.PRE  XBRL Presentations -- amgi-20160731_pre              XML    284K 
 7: EX-101.SCH  XBRL Schema -- amgi-20160731                         XSD    126K 
56: ZIP         XBRL Zipped Folder -- 0001534155-16-000094-xbrl      Zip     50K 


‘EX-101.INS’   —   XBRL Instance — amgi-20160731


This Exhibit is an XBRL XML File.


                                                                                                                                                                                
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<fil:CommonStockClassAAuthorized decimals="INF" contextRef="I160731" unitRef="Shares"> 7000000 </fil:CommonStockClassAAuthorized>
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<fil:CommonStockClassBIssuedAndOutstanding decimals="INF" contextRef="I150731" unitRef="Shares"> 1093876626 </fil:CommonStockClassBIssuedAndOutstanding>
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<fil:CommonStockClassCAuthorized decimals="INF" contextRef="I160731" unitRef="Shares"> 4000000000 </fil:CommonStockClassCAuthorized>
<fil:CommonStockClassCAuthorized decimals="INF" contextRef="I150731" unitRef="Shares"> 4000000000 </fil:CommonStockClassCAuthorized>
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<fil:CommonStockClassDIssuedAndOutstanding decimals="INF" contextRef="I150731" unitRef="Shares"> 0 </fil:CommonStockClassDIssuedAndOutstanding>
<fil:PaidInCapitalCommonStockClassD decimals="INF" contextRef="I160731" unitRef="USD"> 48 </fil:PaidInCapitalCommonStockClassD>
<fil:PaidInCapitalCommonStockClassD decimals="INF" contextRef="I150731" unitRef="USD"> 0 </fil:PaidInCapitalCommonStockClassD>
<us-gaap:AdditionalPaidInCapital decimals="INF" contextRef="I160731" unitRef="USD"> 5581929 </us-gaap:AdditionalPaidInCapital>
<us-gaap:AdditionalPaidInCapital decimals="INF" contextRef="I150731" unitRef="USD"> 5595967 </us-gaap:AdditionalPaidInCapital>
<us-gaap:StockholdersEquityNoteSubscriptionsReceivable decimals="INF" contextRef="I160731" unitRef="USD"> -47000 </us-gaap:StockholdersEquityNoteSubscriptionsReceivable>
<us-gaap:StockholdersEquityNoteSubscriptionsReceivable decimals="INF" contextRef="I150731" unitRef="USD"> -47000 </us-gaap:StockholdersEquityNoteSubscriptionsReceivable>
<us-gaap:RetainedEarningsAccumulatedDeficit decimals="INF" contextRef="I160731" unitRef="USD"> -21850223 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:RetainedEarningsAccumulatedDeficit decimals="INF" contextRef="I150731" unitRef="USD"> -14058501 </us-gaap:RetainedEarningsAccumulatedDeficit>
<us-gaap:StockholdersEquity decimals="INF" contextRef="I160731" unitRef="USD"> -16314250 </us-gaap:StockholdersEquity>
<us-gaap:StockholdersEquity decimals="INF" contextRef="I150731" unitRef="USD"> -8508432 </us-gaap:StockholdersEquity>
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<us-gaap:LiabilitiesAndStockholdersEquity decimals="INF" contextRef="I150731" unitRef="USD"> 2101 </us-gaap:LiabilitiesAndStockholdersEquity>
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<us-gaap:ProfessionalFees decimals="INF" contextRef="D140801_150731" unitRef="USD"> 37400 </us-gaap:ProfessionalFees>
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<us-gaap:NetIncomeLoss decimals="INF" contextRef="D140801_150731" unitRef="USD"> -5409714 </us-gaap:NetIncomeLoss>
<fil:NetLossPerCommonShareBasicAndDiluted decimals="INF" contextRef="D150801_160731" unitRef="USD"> -0.01 </fil:NetLossPerCommonShareBasicAndDiluted>
<fil:NetLossPerCommonShareBasicAndDiluted decimals="INF" contextRef="D140801_150731" unitRef="USD"> -0.01 </fil:NetLossPerCommonShareBasicAndDiluted>
<fil:NumberOfCommonSharesBasicAndDiluted decimals="INF" contextRef="D150801_160731" unitRef="Shares"> 1060109184 </fil:NumberOfCommonSharesBasicAndDiluted>
<fil:NumberOfCommonSharesBasicAndDiluted decimals="INF" contextRef="D140801_150731" unitRef="Shares"> 1016009671 </fil:NumberOfCommonSharesBasicAndDiluted>
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<us-gaap:SharesOutstanding decimals="INF" contextRef="I140731_StEqComps-CommonClassB" unitRef="Shares"> 934526724 </us-gaap:SharesOutstanding>
<us-gaap:SharesOutstanding decimals="INF" contextRef="I140731_StEqComps-CommonStockC" unitRef="Shares"> 0 </us-gaap:SharesOutstanding>
<us-gaap:SharesOutstanding decimals="INF" contextRef="I140731_StEqComps-CommonStockD" unitRef="Shares"> 0 </us-gaap:SharesOutstanding>
<us-gaap:SharesOutstanding decimals="INF" contextRef="I140731_StEqComps-PrefStock" unitRef="Shares"> 1800000 </us-gaap:SharesOutstanding>
<us-gaap:SharesOutstanding decimals="INF" contextRef="I140731_StEqComps-AddPaidInCap" unitRef="Shares"> 0 </us-gaap:SharesOutstanding>
<us-gaap:SharesOutstanding decimals="INF" contextRef="I140731_StEqComps-StockSubscriptions" unitRef="Shares"> 0 </us-gaap:SharesOutstanding>
<us-gaap:SharesOutstanding decimals="INF" contextRef="I140731_StEqComps-RetainedEarnings" unitRef="Shares"> 0 </us-gaap:SharesOutstanding>
<us-gaap:SharesOutstanding decimals="INF" contextRef="I140731_StEqComps-Eq" unitRef="Shares"> 0 </us-gaap:SharesOutstanding>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'><b>NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES </b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'><i><u>Nature of Business</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Ameri Metro, Inc. (“Ameri Metro” and the “Company”) was formed to engage primarily in high-speed rail for passenger and freight transportation and related transportation projects.  The Company initially intends to develop a Midwest high-speed rail system for passengers and freight.  Currently the Company is engaged in raising capital and entering into relationships in furtherance of its planned activities.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the company’s business plan.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><strong>NOTE 2 – GOING CONCERN </strong></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>These consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated any revenues since inception and is unlikely to generate earnings in the immediate or foreseeable future. As at July 31, 2016, the Company has a working capital deficiency of $16,319,435 and has accumulated losses of $21,850,223 since inception. The ability of Ameri Metro to continue as a going concern is dependent on the Company generating cash from the sale of its common stock and/or obtaining debt financing and attaining future profitable operations.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Management’s plans include selling its equity securities and obtaining debt financing to fund its capital requirement and on-going operations; however, there can be no assurance the Company will be successful in these efforts. These factors create substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><strong>NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</strong></p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Principles of Consolidation</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The consolidated financial statements present the financial position, results of operations and cash flows for Ameri Metro, Inc. (“AMI”) and its wholly-owned subsidiary, Global Transportation & Infrastructure, Inc. (“GTI”).   Intercompany transactions and balances have been eliminated in consolidation.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The financial position, results of operations and cash flows as of, and for the period reported include only the results of operations for AMI as GTI was not formed until December 1, 2010, and was inactive for the period from December 1, 2010 to July 31, 2016.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Accounting Basis</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a July 31 fiscal year end.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Basis of Presentation</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><i><u>Financial Instruments</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>According to FASB ASC 820, <i>Fair Value Measurements and Disclosures</i>, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Guidance under ACS 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Level 1:</p> <p style='margin:0in;margin-bottom:.0001pt'>Observable inputs such as quoted prices in active markets;</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Level 2:</p> <p style='margin:0in;margin-bottom:.0001pt'>Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Level 3:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company's financial instruments consist of cash and cash equivalents, accounts payable, amounts due to related parties, loans payable, and loans payable to related parties. The carrying amounts of these financial instruments approximate fair value due either to length of maturity or interest rates that approximate prevailing rates unless otherwise disclosed in these financial statements.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Cash and Cash Equivalents</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with a maturity of three months or less to be cash equivalents. </p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Property and Equipment</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The capital assets are being depreciated over their estimated useful lives using the straight-line method of depreciation for book purposes. Office equipment has a useful life of five years.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Concentrations of Credit Risk</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Use of Estimates </u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The preparation of financial statements in conformity with generally accepted accounting principles of the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. Management bases its estimates on historical experience and on other assumptions considered to be reasonable under the circumstances. However, actual results may differ from the estimates.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Reclassifications</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Certain amounts in the prior-year financial statements have been reclassified for comparative purposes to conform with the presentation in the current period statements.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Revenue Recognition</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company has yet to realize significant revenues from operations and is still in the development stage.  The Company recognizes revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is collection is reasonably assured.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><i><u>Income Taxes</u></i> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Income taxes are computed using the asset and liability method.  Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws.  A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is the Company’s policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of July 31, 2016, there have been no interest or penalties incurred on income taxes.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><i><u>Basic Income (Loss) Per Share</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Due to a loss for the year ended July 31, 2016 the outstanding options are anti-dilutive. The Company has more than one class of common stock outstanding. However, the dividend rate of each outstanding class of common stock is equal. Therefore, the net loss per common shares is the same for each class of common stock. </p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Stock-Based Compensation</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Company accounts for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, <i>Compensation – Stock Compensation</i> which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values.  The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Company follows ASC Topic 505-50, formerly EITF 96-18, <i>Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services</i>, for stock options and warrants issued to consultants and other non-employees.  In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Recent Accounting Pronouncements</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><b>NOTE 4 - PROPERTY AND EQUIPMENT</b></p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Property and equipment consist of the following as of July 31, 2016 and 2015:</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='line-height:107%'> <tr align="left"> <td width="192" style='width:143.9pt;padding:0'></td> <td width="106" style='width:79.8pt;padding:0'></td> <td width="105" style='width:78.75pt;padding:0'></td> </tr> <tr style='height:10.2pt'> <td width="192" valign="bottom" style='width:143.9pt;padding:0;height:10.2pt'></td> <td width="106" valign="bottom" style='width:79.8pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:10.2pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>July 31, 2016</p> </td> <td width="105" valign="bottom" style='width:78.75pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:10.2pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>July 31, 2015</p> </td> </tr> <tr style='height:10.2pt'> <td width="192" valign="bottom" style='width:143.9pt;padding:0;height:10.2pt'> <p style='margin:0in;margin-bottom:.0001pt'>Office equipment</p> </td> <td width="106" valign="bottom" style='width:79.8pt;padding:0;height:10.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.0pt;text-align:right'>$                 3,663 </p> </td> <td width="105" valign="bottom" style='width:78.75pt;padding:0;height:10.2pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-36.6pt;text-indent:5.4pt'>$                 1,597 </p> </td> </tr> <tr style='height:10.2pt'> <td width="192" valign="bottom" style='width:143.9pt;padding:0;height:10.2pt'> <p style='margin:0in;margin-bottom:.0001pt'>Less: accumulated depreciation</p> </td> <td width="106" valign="bottom" style='width:79.8pt;padding:0;height:10.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(1,418)</p> </td> <td width="105" valign="bottom" style='width:78.75pt;padding:0;height:10.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(996)</p> </td> </tr> <tr style='height:.15in'> <td width="192" valign="bottom" style='width:143.9pt;padding:0;height:.15in'> <p style='margin:0in;margin-bottom:.0001pt'>PropertyPlantAndEquipmentNet|Label=*»Property and equipment, net</p> </td> <td width="106" valign="bottom" style='width:79.8pt;border-top:solid black 1.0pt;border-left:none;border-bottom:double black 1.5pt;border-right:none;padding:0;height:.15in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.0pt;text-align:right'>$                 2,245</p> </td> <td width="105" valign="bottom" style='width:78.75pt;border-top:solid black 1.0pt;border-left:none;border-bottom:double black 1.5pt;border-right:none;padding:0;height:.15in'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-36.6pt;text-indent:5.4pt'>$                    601 </p> </td> </tr> </table> </div> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Depreciation expense totaled $422 and $319 for the years ended July 31, 2016 and 2015, respectively.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'><strong>NOTE 5 – DUE TO RELATED PARTIES</strong></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>At July 31, 2016, the Company is indebted to three directors of the Company for $1,050 (2015 - $250) for expenditures incurred on behalf of the Company.  The amount is unsecured, non-interest bearing and due on demand.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-.25in'><strong>NOTE 6 – LOANS PAYABLE – RELATED PARTIES</strong></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>As of July 31, 2016, $960,967 (2015 - $528,552) is due to the majority shareholder, of which $508,531 is unsecured, non-interest bearing and due on demand, $11,829 is past due with an interest rate of 3%, $57,767 is due December 31, 2016, with an interest at 3%, $95,600 is due on October 26, 2016, with an interest rate of 2%, $107,240 is due on March 1, 2017, with an interest rate of 7% and $180,000 is due on demand, with an interest rate of 4%.  At July 31, 2016, accrued interest on these loans is $14,068 (2015 - $506).</p>
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<us-gaap:LoanCommitmentsPolicy contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-.25in'><strong>NOTE 7 – LOAN PAYABLE</strong></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>On January 30, 2014, the Company entered into a short-term loan with a non-related party.  The Company was loaned $6,000 from an investment company, the repayment terms are 3% interest with a maturity date of April 30, 2015.  The Company has repaid $2,597 as of July 31, 2016. At July 31, 2016, accrued interest on these loans is $277 (2015 - $206). At July 31, 2016, this loan is past due.</p>
</us-gaap:LoanCommitmentsPolicy>
<us-gaap:TreasuryStockTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-.25in'><strong>NOTE 8 – CAPITAL STOCK</strong></p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The total number of shares of stock which the corporation shall have the authority to issue is 12,207,000,000 (Twelve billion Two hundred and Seven million) shares, consisting of 12,007,000,000 (Twelve billion Seven million) shares of Common Stock having a par value of $.000001 per share and 200,000,000 (Two hundred million) shares of Preferred Stock having a par value of $.000001 per share.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>Preferred Shares: 200,000,000 (Two hundred Million) par value $0.000001 per share. There are 1,800,000 shares of preferred stock outstanding at July 31, 2016. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>Class “A” 7,000,000 (Seven Million Class “A” common shares) these shares have 1000:1 voting right compared to all other Class of shares and have equal dividend rights as all other Class of shares, par value $0.000001. There are 1,600,000 post-split shares of Class A common stock outstanding at July 31, 2016. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>Class “B” 4,000,000,000 (Four Billion Class “B” common shares) with voting and dividend rights, par value $0.000001 per share. There are 987,934,483 post-split shares of Class B common stock outstanding at July 31, 2016. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>Class “C” a/k/a Equity Participation Dividend Shares “EPDS” 4,000,000,000 (Four Billion Class “C” common shares) with no voting rights but with dividend rights, par value $0.000001 per share. The Company may issue these shares as it deems necessary, for the purposes including but not limited to: purchasing goods and services for the Company; serving as an investment vehicle in acquisitions; for engaging in long term and short term joint ventures; for engaging in single purpose joint ventures; purchasing commodities, supplies, equipment and other tangible items for current and future projects; for engaging in like-kind exchanges as authorized by Internal Revenue Code Section 1031; for purchase of stocks and other securities; for purchase of real estate; for employee awards; and such other lawful purposes not in conflict with the said Board resolution, the Company Bylaws or applicable law and regulations. There are 4,800,000 post-split shares of Class C common stock outstanding at July 31, 2016. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>Class “D” a/k/a Equity Participation Shares “EPS” 4,000,000,000 (Four Billion Class “D” common shares) with no voting rights and no dividend rights, par value $0.000001 per share. The Company may issue these shares as its currency as it deems necessary, for the following purposes but not limited to: purchasing goods and services for the Company; serving as an investment vehicle in acquisitions; for engaging in long term and short term joint ventures; for engaging in single purpose joint ventures; purchasing commodities, supplies, equipment and other tangible items for current and future projects; for engaging in like-kind exchanges as authorized by Internal Revenue Code Section 1031; for purchase of stocks and other securities; for purchase of real estate; for employee awards; and such other lawful purposes not in conflict with the said Board resolution, the Company Bylaws or applicable law and regulations. There are 48,000,000 post-split shares of Class D common stock outstanding at July 31, 2016. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The Board of Directors is authorized to provide for the issuance of the shares of Preferred Stock in series and by filing a certificate pursuant to the applicable law of the State of Delaware, to establish from time to time the number of shares to be included in such series, and to fix the designation, powers, preferences and rights of the shares of each such series and the qualifications, limitations or restrictions thereof.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The authority of the Board of Directors with respect to each series of Preferred Stock shall include, but not be limited to, determination of the following:</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:27.0pt;margin-bottom:.0001pt;text-align:justify;text-indent:-13.5pt'>A. The number of shares constituting that series and the distinctive designation of that series;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:27.0pt;margin-bottom:.0001pt;text-align:justify;text-indent:-13.5pt'>B. The dividend rate on the shares of that series, whether dividends shall be cumulative, and, if so, from what date or dates, and the relative rights of priority, if any, of payment of dividends on shares of that series;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:27.0pt;margin-bottom:.0001pt;text-align:justify;text-indent:-13.5pt'>C. Whether that series shall have voting rights, in addition to the voting rights provided by law, and, if so, the terms of such voting rights;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:27.0pt;margin-bottom:.0001pt;text-align:justify;text-indent:-13.5pt'>D. Whether that series shall have conversion privileges, and, if so, the terms and conditions of such conversion, including provision for adjustment of the conversion rate in such events as the Board of Directors shall determine;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:27.0pt;margin-bottom:.0001pt;text-align:justify;text-indent:-13.5pt'>E. Whether or not that series shall be redeemable, and, if so, the terms and conditions of such redemption, including the date or dates upon or after which they shall be redeemable, and the amount per share payable in case of redemption, which amount may vary under different conditions and at different redemption dates;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:27.0pt;margin-bottom:.0001pt;text-align:justify'>Whether that series shall have a sinking fund for the redemption or purchase of shares of shares of that series, and, if so, the terms and amount of such sinking fund; </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:27.0pt;margin-bottom:.0001pt;text-align:justify;text-indent:-13.5pt'>G. The rights of the shares of that series in the event of voluntary or involuntary liquidation, dissolution or winding up of the Corporation, and the relative rights of priority, if any, of payment of the shares of that series; and</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:27.0pt;margin-bottom:.0001pt;text-align:justify;text-indent:-13.5pt'>H. Any other relative rights, preferences and limitations of that series.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On November 3, 2014, the Company effected a 4:1 forward stock split of its issued and outstanding shares of common stock. As a condition of the split, all shareholders who wanted to participate were required to send $100 to the Transfer Agent to pay for the expense related to reissuance of shares due to split. The cutoff date for the return of the notification and payment to the transfer agent was December 31, 2014. If the shareholder did not return the confirmation and payment, they would not be eligible to receive the additional shares. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>As of the date of this filing 99.71% of the shareholders participated and therefore the statements are retroactively adjusted to reflect a 3.99:1 forward split. Due to 3.99:1 forward split the shares increased to 938,192,724, the shares issuable to effect a 4:1 split is 2,736,000.  As a result, all share amounts have been retroactively adjusted for all periods presented for a 3.99:1 forward split. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On December 30, 2014, the Company issued 62,000,000 post- split shares of Class B common stock as a “signing bonus” pursuant to three employment agreements entered during the quarter ended January 31, 2015.  The Company recorded $15,500 of stock compensation for these issuances. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On December 30, 2014, the Company issued 48,000,000 post-split shares of Class B common stock to Mr. Shah Mathias (Company Founder) pursuant to the employment agreement dated October 2, 2014. The Company recorded $12,000 of stock compensation for these issuances. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On December 30, 2014, the Company issued 40,789,942 post-split shares of Class B common stock to employees as additional compensation. The fair value of these shares is $10,198 and is recorded as stock based compensation.  </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On February 11, 2015, the Company issued 1,021,000 pre-split shares of Class B common stock to a director of the Company for services provided around March 27, 2014 and pursuant to the directorship agreement.  The Company recorded $1,021 as stock compensation for this issuance.  The Company also issued an additional 188,000 shares of Class B common stock on February 11, 2015 and 2,875,000 shares of Class B common stock on July 24, 2015 to account for the 4:1 stock split as the directorship agreement was entered prior to the effective date of the stock split.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On July 24, 2015, the Company issued 286,000 post-split shares of Class B common stock for services rendered to the Company in 2010.  The fair value of these shares is $71 and is recorded as stock based compensation.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On July 24, 2015, the Company issued 60,000 post-split shares of Class B common stock to a shareholder who purchased shares from a third party.  The 60,000 post-split shares were not previously accounted for by the Company. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On July 24, 2015, the Company issued 9,000,000 post-split shares of Class B common stock to three directors of the Company pursuant to the Directorship agreements.  The fair value of these shares is $2,250 and is recorded as stock based compensation.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On July 24, 2015, the Company issued 1,708,960 post-split shares of Class B common stock as termination fee for an agreement in which the Company did not fully perform.  The fair value of these shares is $427 and is recorded as termination fee.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On July 24, 2015, the Company rescinded 530,000 post-split shares of Class B common stock that had been issued for services as those parties did not fully perform on their original contracts.  </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>During the year ended July 31, 2015, the Company reinstated 2,000 post-split shares of Class B common stock that were rescinded in error in the year ended July 31, 2014.  </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On August 3, 2015, the Company reclassified 4,800,000 shares of Class A common stock to Class C common stock and reclassified 48,000,000 shares of Class B common stock to Class D common stock.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On August 3, 2015, the Company issued 20,000 post-split shares of Class B common stock as termination fee for an agreement in which the Company did not fully perform.  The fair value of these shares is $5 and is recorded as termination fee.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On August 3, 2015, the Company reinstated 20,000 shares of Class B common stock that were rescinded in error in the fiscal year ended July 31, 2015.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On August 31, 2015, the Company issued 1,000,000 post-split shares of Class B common stock to a director of the Company pursuant to directorship agreement entered on August 4, 2015.  The fair value of these shares is $250 and is recorded as directors’ fees.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On September 10, 2015, the Company issued 2,000,000 post-split shares of Class B common stock to two directors of the Company pursuant to two directorship agreements entered on August 4, 2015.  The fair value of these shares is $500 and is recorded as directors’ fees.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On November 11, 2015, the Company rescinded 63,476,191 post-split shares of Class B common stock that had previously been issued to the former CFO for services as the former CFO did not fully perform on the original contract.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>On November 11, 2015, the Company rescinded 880,952 post-split shares of Class B common stock that had previously been issued for services as the consultant did not fully perform on the original contract.</p>
</us-gaap:TreasuryStockTextBlock>
<fil:StockOptions0TextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'><b>NOTE 9 – STOCK OPTIONS</b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On March 8, 2016, the Company adopted a stock option plan named 2016 Equity Incentive Plan, the purpose of which is to help the Company secure and retain the services of employees, directors and consultants, provide incentives to exert maximum efforts for the success of the Company and any affiliate and provide a means by which the eligible recipients may benefit from increases in value of the common stock.  </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On March 8, 2016, the Company granted 8,000,000 stock options to 4 officers and directors of the Company, exercisable at $42 per share and expire on March 8, 2026.  The 8,000,000 options vest according to the following schedule: 3,200,000 options vest immediately and 800,000 vest annually for the next 6 years.  The weighted average grant date fair value of stock options granted during the year ended July 31, 2016 was $0.00009.  During the year ended July 31, 2016, the Company recorded stock-based compensation of $369 (2015 - $nil), as officer payroll on the consolidated statement of operations.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>A summary of the Company’s stock option activity is as follow:</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <table border="0" cellspacing="0" cellpadding="0" width="642" style='border:solid windowtext 1.0pt;width:481.5pt;border-collapse:collapse;border:none'> <tr align="left"> <td width="210" valign="top" style='width:157.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> </td> <td width="78" valign="bottom" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:-5.25pt;margin-bottom:0in;margin-left:-5.25pt;margin-bottom:.0001pt;text-align:center'>Number of Options</p> </td> <td width="114" valign="bottom" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:-5.25pt;margin-bottom:0in;margin-left:-5.25pt;margin-bottom:.0001pt;text-align:center'>Weighted Average Exercise Price</p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:-6.75pt;margin-bottom:0in;margin-left:-5.25pt;margin-bottom:.0001pt;text-align:center'>$</p> </td> <td width="126" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:-5.25pt;margin-bottom:0in;margin-left:-4.5pt;margin-bottom:.0001pt;text-align:center'>Weighted Average Remaining </p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:-5.25pt;margin-bottom:0in;margin-left:-4.5pt;margin-bottom:.0001pt;text-align:center'>Contractual Term</p> </td> <td width="114" valign="top" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:-3.75pt;margin-bottom:0in;margin-left:-2.25pt;margin-bottom:.0001pt;text-align:center;text-indent:1.5pt'>Aggregate Intrinsic Value </p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:-3.75pt;margin-bottom:0in;margin-left:-2.25pt;margin-bottom:.0001pt;text-align:center;text-indent:1.5pt'>$</p> </td> </tr> <tr align="left"> <td width="210" valign="top" style='width:157.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>Outstanding, July 31, 2014 and 2015</p> </td> <td width="78" valign="bottom" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:3.4pt;margin-bottom:0in;margin-left:-5.35pt;margin-bottom:.0001pt;text-align:right'>0</p> </td> <td width="114" valign="bottom" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:right'>0</p> </td> <td width="126" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:7.9pt;text-align:center'> </p> </td> <td width="114" valign="top" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:center'> </p> </td> </tr> <tr style='height:5.75pt'> <td width="210" valign="top" style='width:157.5pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> </td> <td width="78" valign="bottom" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:3.4pt;margin-bottom:0in;margin-left:-5.35pt;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="114" valign="bottom" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:right'> </p> </td> <td width="126" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> </td> <td width="114" valign="top" style='width:85.5pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> </td> </tr> <tr align="left"> <td width="210" valign="top" style='width:157.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>Granted</p> </td> <td width="78" valign="bottom" style='width:58.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:3.4pt;margin-bottom:0in;margin-left:-5.35pt;margin-bottom:.0001pt;text-align:right'>8,000,000</p> </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:right'>42.00</p> </td> <td width="126" valign="top" style='width:94.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> </td> </tr> <tr style='height:5.75pt'> <td width="210" valign="top" style='width:157.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> </td> <td width="78" valign="bottom" style='width:58.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:3.4pt;margin-bottom:0in;margin-left:-5.35pt;margin-bottom:.0001pt;text-align:right'> </p> </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:right'> </p> </td> <td width="126" valign="top" style='width:94.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> </td> <td width="114" valign="top" style='width:85.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> </td> </tr> <tr align="left"> <td width="210" valign="top" style='width:157.5pt;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>Outstanding, July 31, 2016</p> </td> <td width="78" valign="bottom" style='width:58.5pt;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:3.4pt;margin-bottom:0in;margin-left:-5.35pt;margin-bottom:.0001pt;text-align:right'>8,000,000</p> </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:right'>42.00</p> </td> <td width="126" valign="top" style='width:94.5pt;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.4pt;text-align:right'>9.61</p> </td> <td width="114" valign="bottom" style='width:85.5pt;border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:right'>0</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>The fair value of each option granted was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> <table border="0" cellspacing="0" cellpadding="0" width="642" style='border:solid windowtext 1.0pt;width:481.5pt;border-collapse:collapse;border:none'> <tr align="left"> <td width="384" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.65pt;text-align:center'>Year Ended </p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.65pt;text-align:center'>July 31, </p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.65pt;text-align:center'>2016</p> </td> <td width="126" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:center'>Year Ended</p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:center'>July 31, </p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:center'>2015</p> </td> </tr> <tr align="left"> <td width="384" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> </td> <td width="126" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> </td> </tr> <tr align="left"> <td width="384" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>Expected dividend yield</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:center'>0%</p> </td> <td width="126" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:center'>0</p> </td> </tr> <tr align="left"> <td width="384" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>Expected volatility</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:center'>150%</p> </td> <td width="126" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:center'>0</p> </td> </tr> <tr align="left"> <td width="384" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>Expected life (in years)</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:center'>10</p> </td> <td width="126" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:center'>0</p> </td> </tr> <tr align="left"> <td width="384" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>Risk-free interest rate</p> </td> <td width="132" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:center'>1.83%</p> </td> <td width="126" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:center'>0</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>A summary of the status of the Company’s non-vested stock options as of July 31, 2016, and changes during the year period ended July 31, 2016, is presented below:</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> <table border="0" cellspacing="0" cellpadding="0" width="642" style='border:solid windowtext 1.0pt;width:481.5pt;border-collapse:collapse;border:none'> <tr align="left"> <td width="324" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>Non-vested options</p> </td> <td width="150" valign="bottom" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.65pt;text-align:center'>Number of Options</p> </td> <td width="168" valign="top" style='width:1.75in;padding:0in 5.4pt 0in 5.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:center'>Weighted Average</p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:center'>Grant Date</p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:center'>Fair Value</p> <p align="center" style='margin:0in;margin-bottom:.0001pt;margin-right:3.45pt;text-align:center'>$</p> </td> </tr> <tr style='height:5.75pt'> <td width="324" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> </td> <td width="150" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> </td> <td width="168" valign="top" style='width:1.75in;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> </td> </tr> <tr align="left"> <td width="324" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>Non-vested at July 31, 2014 and 2015</p> </td> <td width="150" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:right'></p> </td> <td width="168" valign="top" style='width:1.75in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:right'></p> </td> </tr> <tr style='height:5.75pt'> <td width="324" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> </td> <td width="150" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:right'> </p> </td> <td width="168" valign="top" style='width:1.75in;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="324" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>Granted</p> </td> <td width="150" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:right'>8,000,000</p> </td> <td width="168" valign="top" style='width:1.75in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:right'>0.00009</p> </td> </tr> <tr align="left"> <td width="324" valign="top" style='width:243.0pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>Vested</p> </td> <td width="150" valign="top" style='width:112.5pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:right'>(3,200,000)</p> </td> <td width="168" valign="top" style='width:1.75in;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:right'>0.00009</p> </td> </tr> <tr style='height:5.75pt'> <td width="324" valign="top" style='width:243.0pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'> </p> </td> <td width="150" valign="top" style='width:112.5pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:right'> </p> </td> <td width="168" valign="top" style='width:1.75in;border:none;padding:0in 5.4pt 0in 5.4pt;height:5.75pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:right'> </p> </td> </tr> <tr align="left"> <td width="324" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'>Non-vested at July 31, 2016</p> </td> <td width="150" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:8.15pt;text-align:right'>4,800,000</p> </td> <td width="168" valign="top" style='width:1.75in;padding:0in 5.4pt 0in 5.4pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:7.95pt;text-align:right'>0.00009</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>At July 31, 2016, there was $374 of unrecognized compensation costs related to non-vested stock-based compensation arrangements granted under the Plan.  There was $nil intrinsic value associated with the outstanding stock options at July 31, 2016.</p>
</fil:StockOptions0TextBlock>
<us-gaap:IncomeTaxDisclosureTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><b>NOTE 10 </b><b></b><b> INCOME TAXES </b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>For the year ended July 31, 2016, the Company has net losses in addition to prior years’ net taxable losses, the result is a net taxable loss carry-forward, and therefore the Company has no tax liability.  The net deferred tax asset generated by the loss carry-forward has been fully reserved. For the years ended July 31, 2016, and 2015, the cumulative net operating loss carry-forward from operations is approximately $21,786,000 and $13,995,000; respectively, and will expire beginning in the year 2030</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='line-height:107%'> <tr align="left"> <td width="259" style='width:2.7in;padding:0'></td> <td width="96" style='width:1.0in;padding:0'></td> <td width="91" style='width:.95in;padding:0'></td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'></td> <td width="96" valign="bottom" style='width:1.0in;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>July 31, 2016</p> </td> <td width="91" valign="bottom" style='width:.95in;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>July 31, 2015</p> </td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt'>Deferred tax asset attributable to:</p> </td> <td width="96" valign="top" style='width:1.0in;padding:0'></td> <td width="91" valign="top" style='width:.95in;padding:0'></td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt'>  Net operating loss carryover</p> </td> <td width="96" valign="bottom" style='width:1.0in;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:2.9pt;margin-bottom:0in;margin-left:4.3pt;margin-bottom:.0001pt;text-align:right'>$       7,407,300</p> </td> <td width="91" valign="bottom" style='width:.95in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-53.4pt;text-indent:3.0pt'>$       4,758,300</p> </td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt'>  Valuation allowance</p> </td> <td width="96" valign="bottom" style='width:1.0in;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-left:4.3pt;text-align:right'>(7,407,300)</p> </td> <td width="91" valign="bottom" style='width:.95in;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(4,758,300)</p> </td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt'>      Net deferred tax asset</p> </td> <td width="96" valign="bottom" style='width:1.0in;border:none;border-bottom:double black 1.5pt;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:2.9pt;margin-bottom:0in;margin-left:4.3pt;margin-bottom:.0001pt;text-align:right'>$                    0</p> </td> <td width="91" valign="bottom" style='width:.95in;border:none;border-bottom:double black 1.5pt;padding:0'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-53.4pt;text-indent:3.0pt'>$                    0</p> </td> </tr> </table> </div> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>Due to the change in ownership provisions of the Tax Reform Act of 1986, the net operating loss carry forwards for Federal income tax reporting purposes are subject to annual limitations.</p>
</us-gaap:IncomeTaxDisclosureTextBlock>
<us-gaap:CommitmentsAndContingenciesPolicyTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'><b>NOTE 11 – COMMITMENTS AND CONTINGENCIES</b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'><i><u>Employee Agreements</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has entered into an employment agreement with the Chief Executive Officer Debra Mathias with an effective date of April 21, 2014. The term of the employment agreements is 3 years, with an annual base salary of $1,200,000.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has signed an employment agreement for the Head of Mergers and Acquisitions and Business Development, and as non-board member President, Mr. Shah Mathias (Company Founder), with an effective date of October 2, 2014. The term of the employment agreement is 20 years, with an annual base salary of $1,200,000 and ten percent (10%) of any revenue producing contract entered into by the Company while the Company Founder is in office, while holding any position under any title, and five percent (5%) of any such revenue producing contract afterward, for the benefit of the Company Founder or his estate, for a period of twenty (20) years. The Company Founder is also eligible to earn an annual bonus award of up to 100% of the annual base salary.  In addition, the Company Founder is entitled to receive shares of the Company’s common stock as follows: when the Company issue shares for the Initial Public Offering, the Company Founder is to be issued 10% of the said shares; and if shares are issued at such time to any other party the Company Founder is to be issued an equal amount of shares.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has entered into an employment agreement with the former Chief Financial Officer (the “CFO”) with an effective date of December 3, 2014.  The term of the employment agreement is 3 years, with an annual base salary of $350,000.  The former CFO is also entitled to 60,000,000 post-split shares of Class “B” common stock as a signing bonus.  On December 30, 2014, the Company issued 60,000,000 post-split shares of Class “B” common stock to the former CFO.  On November 11, 2015, the former CFO resigned and the Company rescinded 60,000,000 post-split shares of Class B common stock that had been issued as the former CFO did not fully perform on his employment agreement.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has entered into an employment agreement with the Chief Engineer with an effective date of December 3, 2014.  The term of the employment agreement is 3 years, with an annual base salary of $175,000.  The Chief Engineer is also entitled to 1,000,000 post-split shares of Class “B” common stock as a signing bonus.  On December 30, 2014, the Company issued 1,000,000 post-split shares of Class “B” common stock to the Chief Engineer.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has entered into a directorship agreement with a director of the Company with an effective date of June 30, 2015.  The initial term of the directorship agreement is one year, with an annual base salary of $150,000.  The director is also entitled to 1,000,000 post-split shares of Class B common stock. On July 24, 2015, the Company issued 1,000,000 post-split shares of Class B common stock to the director.  On March 17, 2016, the term of the agreement was extended to July 31, 2021.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The Company entered into an employment agreement with the Chief Financial Officer (the “CFO”) with an effective date of August 4, 2015.  The term of the employment agreement is 3 years, with an annual base salary of $350,000.  On March 17, 2016, the term of the agreement was extended to July 31, 2021 and the annual base salary was increased to $500,000.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The Company entered into an employment agreement with the Chief Operating Officer (the “COO”) with an effective date of August 4, 2015.  The term of the employment agreement is 3 years, with an annual base salary of $375,000.  On March 17, 2016, the term of the agreement was extended to July 31, 2021 and the annual base salary was increased to $500,000.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company entered into an employment agreement with the Chief General Counsel with an effective date of August 4, 2015.  The term of the employment agreement is 3 years, with an annual base salary of $500,000.  On March 17, 2016, the term of the agreement was extended to July 31, 2021.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company entered into eleven directorship agreements with eleven directors of the Company with an effective date of August 1, 2015.  The initial term of the directorship agreements is one year, with an annual base salary of $150,000.  Each of the eleven directors is also entitled to 1,000,000 post-split shares of Class B common stock. On August 31, 2015 and September 10, 2015, the Company issued 1,000,000 post-split shares and 2,000,000 post-split shares of Class B common stock to the three directors, respectively.  On March 17, 2016, the term of the agreements was extended to July 31, 2021.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'><i><u>Operating Lease</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>On April 30, 2014, the Company terminated its existing office space lease, and entered into a new month to month rent agreement for office space. The new agreement which commenced on November 1, 2015, calls for monthly rent payments of $1,440. The terminated lease agreement has not been resolved as to payment of existing amounts due in cash or stock, or as to any early termination fees.  As of July 31, 2016, no stock has been issued in payment of rent.</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'><i><u>Master Consulting Agreement</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On March 20, 2016, the Company entered into a Master Consulting Agreement with Global Infrastructure Finance & Development Authority, Inc. (“GIF&DA”), a division of Hi Speed Rail Facilities, Inc.  Hi Speed Rail Facilities, Inc. is a non-profit entity organized and established by the Founder of the Company.  GIF&DA has or is about to secure all necessary approvals by certain Joint Resolutions enacted by the federal and state(s) governmental agencies Legislature for the construction of a project consisting of financing, construction and operation of Hi Speed Rail Passenger, Freight, Air, Sea, Ground, Other Transportation Projects and other Parallel and Ancillary Infrastructure Projects. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Pursuant to the Agreement, the Company was appointed as the agent and representative of GIF&DA to facilitate GIF&DA in securing the first and future phases of financing the project and the construction of the project.  The Company shall receive 1.5% the face amount of each master trust indenture (bond indenture) in consideration for arranging financing and developing the sponsorship mechanism of the project.  The term of the Agreement shall continue until the completion of the project.  At July 31, 2016, the Company has not secured any financing for GIF&DA.</p> <p style='margin:0in;margin-bottom:.0001pt'>  </p> <p style='margin:0in;margin-bottom:.0001pt'><i><u>Stock Split</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>In connection with the stock split, some shareholders did not respond or pay the transfer agent fee by the deadline. As a result, these shareholders were not issued the additional shares. At some point, the Company may be required to issue an additional 2,736,000 of Class B common stock in connection with this stock split.</p>
</us-gaap:CommitmentsAndContingenciesPolicyTextBlock>
<us-gaap:SubsequentEventsPolicyPolicyTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'><b>NOTE 12 – SUBSEQUENT EVENTS</b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt'>On August 4, 2016 the Company issued 129,104 common shares to correct the amount of shares issued to a shareholder as a result of the forward stock split.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>On August 8, 2016, Company entered into a Material Definitive Agreement for construction (“Construction Agreement”) with Port De Claudius, Inc. (“PDC”). Pursuant to the Construction Agreement, the Company shall perform all tasks and actions required to develop and construct the Port Trajan Pa. commercial properties (the “Project”) and to secure the first and future phases of the financing applicable to the design, planning, engineering, and related soft and hard costs of the construction of the Project. Pursuant to the Construction Agreement, the specifications, designs, construction standards, subcontractor agreements, insurance requirements, hiring and employment policies and similar items shall be developed by the Company, subject to approval by PDC. The Company shall assure that the Project is constructed according to specifications and requirements imposed by the Pennsylvania Department of Transportation (PADOT) and the Federal Highway Administration. The Company shall supervise all phases of the construction of the Project, and it shall be responsible to PDC for all acts or omissions of its employees, subcontractors, agents, consultants and other parties under its control. The Company shall be responsible for assuring that the construction of the Project is performed in a good and workmanlike manner and in accordance with the highest standards of care for the industry.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The Project consists of two phases, phase one closing to take place on or before September 16, 2016 (“Phase One”) and phase two to take place on or before August 31, 2017. Phase One consists of land purchase and onsite /off site improvement and its estimated cost, for both phases, is Two Billion Dollars ($2,000,000,000), at cost plus forty percent (40%), plus two percent (2%) for the increase in inflation regardless of the cost to the Company to perform the required services. In no event will the profit to the Company from the amount paid by PDC be less than Eight Hundred Million Dollars ($800,000,000). A mobilization fee of $2,729,514 shall be due and payable by PDC to the Company upon the closing of Bond funding for Phase One. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>On September 11, 2016, the Company entered into an agreement of sale and or assignment of assets in Phase One (the “Sale Agreement”) with Jewel's Real-Estate 10-86 Master LLLP (the “Seller”), Global Infrastructure Finance & Development Authority, Inc., division of Hi Speed Rail Facilities Inc. (the “Financier”), PDC, and HSRF Statutory Trust as Trustee (the "Trustee"), as dictated by the Construction Agreement. The Sale Agreement was thereafter amended on September 13, 2016, in order to change the closing date of the transaction to October 14, 2016. Pursuant to the Sale Agreement, the Company and the Seller shall sell and assign all rights, title and interest in and to any contractual agreements to PDC on completion of Phase One, as governed by the Construction Agreement. The cost of Phase One is $950,000,000. The net Phase One revenue to the Company is $66,719,514.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>On September 27, 2016, Company filed an 8K report in relation to the above transaction.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'><b>NOTE 12 – SUBSEQUENT EVENTS</b></p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The following discussion is contingent on subsequent financing being obtained.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>On August 8, 2016, Company entered into a Material Definitive Agreement for construction (“Construction Agreement”) with Port De Claudius, Inc. (“PDC”). Pursuant to the Construction Agreement, the Company shall perform all tasks and actions required to develop and construct the Port Trajan Pa. commercial properties (the “Project”) and to secure the first and future phases of the financing applicable to the design, planning, engineering, and related soft and hard costs of the construction of the Project. Pursuant to the Construction Agreement, the specifications, designs, construction standards, subcontractor agreements, insurance requirements, hiring and employment policies and similar items shall be developed by the Company, subject to approval by PDC. The Company shall assure that the Project is constructed according to specifications and requirements imposed by the Pennsylvania Department of Transportation (PADOT) and the Federal Highway Administration. The Company shall supervise all phases of the construction of the Project, and it shall be responsible to PDC for all acts or omissions of its employees, subcontractors, agents, consultants and other parties under its control. The Company shall be responsible for assuring that the construction of the Project is performed in a good and workmanlike manner and in accordance with the highest standards of care for the industry.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The Project consists of two phases, phase one closing to take place on or before September 21, 2016 (“Phase One”) and phase two to take place on or before August 31, 2017. Phase One consists of land purchase and onsite /off site improvement and its estimated cost, for both phases, is Two Billion Dollars ($2,000,000 ,000), at cost plus forty percent (40%), plus two percent (2%) for the increase in inflation regardless of the cost to the Company to perform the required services. In no event will the profit to the Company from the amount paid by PDC be less than Eight Hundred Million Dollars ($800,000,000). A mobilization fee of $2,729,514 shall be due and payable by PDC to the Company upon the closing of Bond funding for Phase One. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>On September 11, 2016, the Company entered into an agreement of sale and or assignment of assets in Phase One (the “Sale Agreement”) with Jewel's Real-Estate 10-86 Master LLLP (the “Seller”), Global Infrastructure Finance & Development Authority, Inc., division of Hi Speed Rail Facilities Inc. (the “Financier”), PDC, and HSRF Statutory Trust as Trustee (the "Trustee"), as dictated by the Construction Agreement. The Sale Agreement was thereafter amended on September 13, 2016, in order to change the closing date of the transaction to October 14, 2016. Pursuant to the Sale Agreement, the Company and the Seller shall sell and assign all rights, title and interest in and to any contractual agreements to PDC on completion of Phase One, as governed by the Construction Agreement. The cost of Phase One is $950,000,000. The net Phase One revenue to the Company is $66,719,514.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>On September 21, 2016, the closing of the transaction took place.</p>
</us-gaap:SubsequentEventsPolicyPolicyTextBlock>
<us-gaap:NatureOfOperations contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt'><i><u>Nature of Business</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Ameri Metro, Inc. (“Ameri Metro” and the “Company”) was formed to engage primarily in high-speed rail for passenger and freight transportation and related transportation projects.  The Company initially intends to develop a Midwest high-speed rail system for passengers and freight.  Currently the Company is engaged in raising capital and entering into relationships in furtherance of its planned activities.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Company’s activities are subject to significant risks and uncertainties including failure to secure additional funding to properly execute the company’s business plan.</p>
</us-gaap:NatureOfOperations>
<us-gaap:ConsolidationPolicyTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Principles of Consolidation</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The consolidated financial statements present the financial position, results of operations and cash flows for Ameri Metro, Inc. (“AMI”) and its wholly-owned subsidiary, Global Transportation & Infrastructure, Inc. (“GTI”).   Intercompany transactions and balances have been eliminated in consolidation.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The financial position, results of operations and cash flows as of, and for the period reported include only the results of operations for AMI as GTI was not formed until December 1, 2010, and was inactive for the period from December 1, 2010 to July 31, 2016.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Accounting Basis</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted a July 31 fiscal year end.</p>
</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
<us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Basis of Presentation</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.</p>
</us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock>
<us-gaap:FairValueOfFinancialInstrumentsPolicy contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><i><u>Financial Instruments</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>According to FASB ASC 820, <i>Fair Value Measurements and Disclosures</i>, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Guidance under ACS 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Level 1:</p> <p style='margin:0in;margin-bottom:.0001pt'>Observable inputs such as quoted prices in active markets;</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Level 2:</p> <p style='margin:0in;margin-bottom:.0001pt'>Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and</p> <p style='margin:0in;margin-bottom:.0001pt'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Level 3:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company's financial instruments consist of cash and cash equivalents, accounts payable, amounts due to related parties, loans payable, and loans payable to related parties. The carrying amounts of these financial instruments approximate fair value due either to length of maturity or interest rates that approximate prevailing rates unless otherwise disclosed in these financial statements.</p>
</us-gaap:FairValueOfFinancialInstrumentsPolicy>
<us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Cash and Cash Equivalents</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with a maturity of three months or less to be cash equivalents.</p>
</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
<us-gaap:PropertyPlantAndEquipmentPolicyTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Property and Equipment</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The capital assets are being depreciated over their estimated useful lives using the straight-line method of depreciation for book purposes. Office equipment has a useful life of five years.</p>
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<us-gaap:ConcentrationRiskCreditRisk contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Concentrations of Credit Risk</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.</p>
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<us-gaap:UseOfEstimates contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Use of Estimates </u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The preparation of financial statements in conformity with generally accepted accounting principles of the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the year. Management bases its estimates on historical experience and on other assumptions considered to be reasonable under the circumstances. However, actual results may differ from the estimates.</p>
</us-gaap:UseOfEstimates>
<us-gaap:Reclassifications contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Reclassifications</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Certain amounts in the prior-year financial statements have been reclassified for comparative purposes to conform with the presentation in the current period statements.</p>
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<us-gaap:RevenueRecognitionPolicyTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Revenue Recognition</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company has yet to realize significant revenues from operations and is still in the development stage.  The Company recognizes revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by its customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is collection is reasonably assured.</p>
</us-gaap:RevenueRecognitionPolicyTextBlock>
<us-gaap:RegulatoryIncomeTaxesPolicy contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><i><u>Income Taxes</u></i> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Income taxes are computed using the asset and liability method.  Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws.  A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is the Company’s policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of July 31, 2016, there have been no interest or penalties incurred on income taxes.</p>
</us-gaap:RegulatoryIncomeTaxesPolicy>
<us-gaap:EarningsPerSharePolicyTextBlock contextRef="D150801_160731">
<!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><i><u>Basic Income (Loss) Per Share</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Due to a loss for the year ended July 31, 2016 the outstanding options are anti-dilutive. The Company has more than one class of common stock outstanding. However, the dividend rate of each outstanding class of common stock is equal. Therefore, the net loss per common shares is the same for each class of common stock.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Stock-Based Compensation</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Company accounts for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, <i>Compensation – Stock Compensation</i> which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values.  The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Company follows ASC Topic 505-50, formerly EITF 96-18, <i>Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services</i>, for stock options and warrants issued to consultants and other non-employees.  In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Recent Accounting Pronouncements</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'><i><u>Employee Agreements</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has entered into an employment agreement with the Chief Executive Officer Debra Mathias with an effective date of April 21, 2014. The term of the employment agreements is 3 years, with an annual base salary of $1,200,000.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has signed an employment agreement for the Head of Mergers and Acquisitions and Business Development, and as non-board member President, Mr. Shah Mathias (Company Founder), with an effective date of October 2, 2014. The term of the employment agreement is 20 years, with an annual base salary of $1,200,000 and ten percent (10%) of any revenue producing contract entered into by the Company while the Company Founder is in office, while holding any position under any title, and five percent (5%) of any such revenue producing contract afterward, for the benefit of the Company Founder or his estate, for a period of twenty (20) years. The Company Founder is also eligible to earn an annual bonus award of up to 100% of the annual base salary.  In addition, the Company Founder is entitled to receive shares of the Company’s common stock as follows: when the Company issue shares for the Initial Public Offering, the Company Founder is to be issued 10% of the said shares; and if shares are issued at such time to any other party the Company Founder is to be issued an equal amount of shares.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has entered into an employment agreement with the former Chief Financial Officer (the “CFO”) with an effective date of December 3, 2014.  The term of the employment agreement is 3 years, with an annual base salary of $350,000.  The former CFO is also entitled to 60,000,000 post-split shares of Class “B” common stock as a signing bonus.  On December 30, 2014, the Company issued 60,000,000 post-split shares of Class “B” common stock to the former CFO.  On November 11, 2015, the former CFO resigned and the Company rescinded 60,000,000 post-split shares of Class B common stock that had been issued as the former CFO did not fully perform on his employment agreement.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has entered into an employment agreement with the Chief Engineer with an effective date of December 3, 2014.  The term of the employment agreement is 3 years, with an annual base salary of $175,000.  The Chief Engineer is also entitled to 1,000,000 post-split shares of Class “B” common stock as a signing bonus.  On December 30, 2014, the Company issued 1,000,000 post-split shares of Class “B” common stock to the Chief Engineer.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company has entered into a directorship agreement with a director of the Company with an effective date of June 30, 2015.  The initial term of the directorship agreement is one year, with an annual base salary of $150,000.  The director is also entitled to 1,000,000 post-split shares of Class B common stock. On July 24, 2015, the Company issued 1,000,000 post-split shares of Class B common stock to the director.  On March 17, 2016, the term of the agreement was extended to July 31, 2021.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The Company entered into an employment agreement with the Chief Financial Officer (the “CFO”) with an effective date of August 4, 2015.  The term of the employment agreement is 3 years, with an annual base salary of $350,000.  On March 17, 2016, the term of the agreement was extended to July 31, 2021 and the annual base salary was increased to $500,000.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;margin-right:-13.7pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify'>The Company entered into an employment agreement with the Chief Operating Officer (the “COO”) with an effective date of August 4, 2015.  The term of the employment agreement is 3 years, with an annual base salary of $375,000.  On March 17, 2016, the term of the agreement was extended to July 31, 2021 and the annual base salary was increased to $500,000.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>The Company entered into an employment agreement with the Chief General Counsel with an effective date of August 4, 2015.  The term of the employment agreement is 3 years, with an annual base salary of $500,000.  On March 17, 2016, the term of the agreement was extended to July 31, 2021.</p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>The Company entered into eleven directorship agreements with eleven directors of the Company with an effective date of August 1, 2015.  The initial term of the directorship agreements is one year, with an annual base salary of $150,000.  Each of the eleven directors is also entitled to 1,000,000 post-split shares of Class B common stock. On August 31, 2015 and September 10, 2015, the Company issued 1,000,000 post-split shares and 2,000,000 post-split shares of Class B common stock to the three directors, respectively.  On March 17, 2016, the term of the agreements was extended to July 31, 2021.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'><i><u>Operating Lease</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>On April 30, 2014, the Company terminated its existing office space lease, and entered into a new month to month rent agreement for office space. The new agreement which commenced on November 1, 2015, calls for monthly rent payments of $1,440. The terminated lease agreement has not been resolved as to payment of existing amounts due in cash or stock, or as to any early termination fees.  As of July 31, 2016, no stock has been issued in payment of rent.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'><i><u>Master Consulting Agreement</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'>On March 20, 2016, the Company entered into a Master Consulting Agreement with Global Infrastructure Finance & Development Authority, Inc. (“GIF&DA”), a division of Hi Speed Rail Facilities, Inc.  Hi Speed Rail Facilities, Inc. is a non-profit entity organized and established by the Founder of the Company.  GIF&DA has or is about to secure all necessary approvals by certain Joint Resolutions enacted by the federal and state(s) governmental agencies Legislature for the construction of a project consisting of financing, construction and operation of Hi Speed Rail Passenger, Freight, Air, Sea, Ground, Other Transportation Projects and other Parallel and Ancillary Infrastructure Projects. </p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>Pursuant to the Agreement, the Company was appointed as the agent and representative of GIF&DA to facilitate GIF&DA in securing the first and future phases of financing the project and the construction of the project.  The Company shall receive 1.5% the face amount of each master trust indenture (bond indenture) in consideration for arranging financing and developing the sponsorship mechanism of the project.  The term of the Agreement shall continue until the completion of the project.  At July 31, 2016, the Company has not secured any financing for GIF&DA.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt'><i><u>Stock Split</u></i></p> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-13.7pt;text-align:justify'> </p> <p style='margin:0in;margin-bottom:.0001pt'>In connection with the stock split, some shareholders did not respond or pay the transfer agent fee by the deadline. As a result, these shareholders were not issued the additional shares. At some point, the Company may be required to issue an additional 2,736,000 of Class B common stock in connection with this stock split.</p>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt'>Property and equipment consist of the following as of July 31, 2016 and 2015:</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='line-height:107%'> <tr align="left"> <td width="192" style='width:143.9pt;padding:0'></td> <td width="106" style='width:79.8pt;padding:0'></td> <td width="105" style='width:78.75pt;padding:0'></td> </tr> <tr style='height:10.2pt'> <td width="192" valign="bottom" style='width:143.9pt;padding:0;height:10.2pt'></td> <td width="106" valign="bottom" style='width:79.8pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:10.2pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>July 31, 2016</p> </td> <td width="105" valign="bottom" style='width:78.75pt;border:none;border-bottom:solid black 1.0pt;padding:0;height:10.2pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>July 31, 2015</p> </td> </tr> <tr style='height:10.2pt'> <td width="192" valign="bottom" style='width:143.9pt;padding:0;height:10.2pt'> <p style='margin:0in;margin-bottom:.0001pt'>Office equipment</p> </td> <td width="106" valign="bottom" style='width:79.8pt;padding:0;height:10.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.0pt;text-align:right'>$                 3,663 </p> </td> <td width="105" valign="bottom" style='width:78.75pt;padding:0;height:10.2pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-36.6pt;text-indent:5.4pt'>$                 1,597 </p> </td> </tr> <tr style='height:10.2pt'> <td width="192" valign="bottom" style='width:143.9pt;padding:0;height:10.2pt'> <p style='margin:0in;margin-bottom:.0001pt'>Less: accumulated depreciation</p> </td> <td width="106" valign="bottom" style='width:79.8pt;padding:0;height:10.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(1,418)</p> </td> <td width="105" valign="bottom" style='width:78.75pt;padding:0;height:10.2pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(996)</p> </td> </tr> <tr style='height:.15in'> <td width="192" valign="bottom" style='width:143.9pt;padding:0;height:.15in'> <p style='margin:0in;margin-bottom:.0001pt'>PropertyPlantAndEquipmentNet|Label=*»Property and equipment, net</p> </td> <td width="106" valign="bottom" style='width:79.8pt;border-top:solid black 1.0pt;border-left:none;border-bottom:double black 1.5pt;border-right:none;padding:0;height:.15in'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-right:3.0pt;text-align:right'>$                 2,245</p> </td> <td width="105" valign="bottom" style='width:78.75pt;border-top:solid black 1.0pt;border-left:none;border-bottom:double black 1.5pt;border-right:none;padding:0;height:.15in'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-36.6pt;text-indent:5.4pt'>$                    601 </p> </td> </tr> </table> </div>
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<!--egx--><p style='margin:0in;margin-bottom:.0001pt'>The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows:</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='line-height:107%'> <tr align="left"> <td width="259" style='width:2.7in;padding:0'></td> <td width="96" style='width:1.0in;padding:0'></td> <td width="91" style='width:.95in;padding:0'></td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'></td> <td width="96" valign="bottom" style='width:1.0in;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>July 31, 2016</p> </td> <td width="91" valign="bottom" style='width:.95in;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>July 31, 2015</p> </td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt'>Deferred tax asset attributable to:</p> </td> <td width="96" valign="top" style='width:1.0in;padding:0'></td> <td width="91" valign="top" style='width:.95in;padding:0'></td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt'>  Net operating loss carryover</p> </td> <td width="96" valign="bottom" style='width:1.0in;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:2.9pt;margin-bottom:0in;margin-left:4.3pt;margin-bottom:.0001pt;text-align:right'>$       7,407,300</p> </td> <td width="91" valign="bottom" style='width:.95in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-53.4pt;text-indent:3.0pt'>$       4,758,300</p> </td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt'>  Valuation allowance</p> </td> <td width="96" valign="bottom" style='width:1.0in;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-left:4.3pt;text-align:right'>(7,407,300)</p> </td> <td width="91" valign="bottom" style='width:.95in;border:none;border-bottom:solid black 1.0pt;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>(4,758,300)</p> </td> </tr> <tr align="left"> <td width="259" valign="top" style='width:2.7in;padding:0'> <p style='margin:0in;margin-bottom:.0001pt'>      Net deferred tax asset</p> </td> <td width="96" valign="bottom" style='width:1.0in;border:none;border-bottom:double black 1.5pt;padding:0'> <p align="right" style='margin:0in;margin-bottom:.0001pt;margin-top:0in;margin-right:2.9pt;margin-bottom:0in;margin-left:4.3pt;margin-bottom:.0001pt;text-align:right'>$                    0</p> </td> <td width="91" valign="bottom" style='width:.95in;border:none;border-bottom:double black 1.5pt;padding:0'> <p style='margin:0in;margin-bottom:.0001pt;margin-right:-53.4pt;text-indent:3.0pt'>$                    0</p> </td> </tr> </table> </div>
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<unit id="USD">
<measure> iso4217:USD </measure>
</unit>
<unit id="Shares">
<measure> shares </measure>
</unit>
</xbrl>


19 Subsequent Filings that Reference this Filing

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

 4/23/24  Ameri Metro Inc (for… Yellowwood) 10-K        7/31/23   17:2.4M                                   EdgarAgents LLC/FA
 4/23/24  Ameri Metro Inc (for… Yellowwood) 10-K        7/31/22   17:2.4M                                   EdgarAgents LLC/FA
 4/19/24  Ameri Metro Inc (for… Yellowwood) 10-Q        1/31/24   15:385K                                   EdgarAgents LLC/FA
 4/19/24  Ameri Metro Inc (for… Yellowwood) 10-Q       10/31/23   15:387K                                   EdgarAgents LLC/FA
 4/19/24  Ameri Metro Inc (for… Yellowwood) 10-Q        4/30/23   15:521K                                   EdgarAgents LLC/FA
 4/19/24  Ameri Metro Inc (for… Yellowwood) 10-Q        1/31/23   15:377K                                   EdgarAgents LLC/FA
 4/19/24  Ameri Metro Inc (for… Yellowwood) 10-Q       10/31/22   15:382K                                   EdgarAgents LLC/FA
 4/18/24  Ameri Metro Inc (for… Yellowwood) 10-Q        4/30/22   15:428K                                   EdgarAgents LLC/FA
 3/29/22  Ameri Metro Inc (for… Yellowwood) 10-Q/A      1/31/22   52:3.3M
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12/10/21  Ameri Metro Inc (for… Yellowwood) 10-Q       10/31/21   44:2.6M
10/27/21  Ameri Metro Inc (for… Yellowwood) 10-K        7/31/21   58:7.6M
 6/16/21  Ameri Metro Inc (for… Yellowwood) 10-Q        4/30/21   43:2.5M
 3/19/21  Ameri Metro Inc (for… Yellowwood) 10-Q/A      1/31/21   43:2.1M
 3/18/21  Ameri Metro Inc (for… Yellowwood) 10-Q/A      1/31/21    7:521K
 3/16/21  Ameri Metro Inc (for… Yellowwood) 10-Q        1/31/21    7:520K
12/21/20  Ameri Metro Inc (for… Yellowwood) 10-Q       10/31/20   44:2M
12/17/20  Ameri Metro Inc (for… Yellowwood) 10-K/A      7/31/20    2:1.9M
11/12/20  Ameri Metro Inc (for… Yellowwood) 10-K©       7/31/20   55:7.5M
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