Item 1. Legal Proceedings
Item
1. Legal Proceedings.
On
May 24, 2023, the Company reached a settlement agreement with an investor who made certain claims against the Company and was seeking
monetary and injunctive relief, and against which the Company had filed counterclaims. Pursuant to the settlement agreement, the Company
paid $230,000 for the full and final settlement of all of the investor’s claims, in full and final settlement of any and all existing
claims that the Company and investor had or may have had against each other.
Item
1A. Risk Factors.
As
of the date of this Quarterly Report on Form 10-Q, there have been no material changes from the risk factors previously disclosed in
our Annual Report for the year ended July 31, 2022.
Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.
Except
as previously disclosed by the Company, there were no unregistered sales of equity securities during the three months ended April 30,
2023.
Item
3. Defaults Upon Senior Securities.
None.
Item
4. Mine Safety Disclosures.
Not
Applicable.
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