Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Oct. 31, 2021	Dec. 10, 2021
Entity Central Index Key	0001534155
Current Fiscal Year End Date	--07-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Type	10-Q
Document Period End Date	Oct. 31, 2021
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-54546
Entity Registrant Name	AMERI METRO, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-1877342
Entity Address, Address Line One	2575 Eastern Blvd.
Entity Address, Address Line Two	Suite 211
Entity Address, City or Town	York
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17402
City Area Code	717
Local Phone Number	434-0668
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Preferred Stock [Member]
Entity Common Stock, Shares Outstanding		1,800,000
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		3,284,000
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,289,637,844
Class C Common Stock [Member]
Entity Common Stock, Shares Outstanding		191,051,320
Class D Common Stock [Member]
Entity Common Stock, Shares Outstanding		114,000,000

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Oct. 31, 2021	Jul. 31, 2021
Current assets
Cash	$ 107	$ 4,838
Funding receivable	10	10
Master consulting fee asset	0	0
Total Current Assets	117	4,848
Office equipment, net
Contract asset	300,000,000
Total Assets	300,000,117	4,848
Current liabilities
Accounts payable and accrued expenses	2,799,043	2,587,816
Accrued expenses - related parties	1,252,771	1,252,571
Accrued compensation expenses - related parties	54,981,518	54,881,206
Loans payable - related parties	444,218	378,216
Contract liability	270,000,000
Ameri Metro Inc. Trust Liability	30,000,000
Bond indenture obligation	10	10
Deferred revenue	0	0
Total Liabilities	359,477,560	59,099,820
Stockholders' Deficit
Preferred stock, par value $.000001, 200,000,000 shares authorized, 1,800,000 shares issued and outstanding	2	2
Additional paid in capital	247,468,006,817	247,303,957,909
Stock subscription receivable	(247,297,597,000)	(247,297,597,000)
Accumulated deficit	(229,891,859)	(65,460,478)
Total Stockholders' Deficit	(59,477,443)	(59,094,972)
Total Liabilities and Stockholders' Deficit	300,000,117	4,848
Class A Common Stock [Member]
Stockholders' Deficit
Common stock	3	1
Class B Common Stock [Member]
Stockholders' Deficit
Common stock	4,289	4,289
Class C Common Stock [Member]
Stockholders' Deficit
Common stock	191	191
Class D Common Stock [Member]
Stockholders' Deficit
Common stock	$ 114	$ 114

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 2021	Jul. 31, 2021
Preferred stock, par value per share	$ 0.000001	$ 0.000001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	1,800,000	1,800,000
Preferred stock, shares outstanding	1,800,000	1,800,000
Class A Common Stock [Member]
Common stock, par value per share	$ 0.000001	$ 0.000001
Common stock, shares authorized	7,000,000	7,000,000
Common stock, shares issued	1,684,000	3,284,000
Common stock, shares outstanding	1,684,000	3,284,000
Class B Common Stock [Member]
Common stock, par value per share	$ 0.000001	$ 0.000001
Common stock, shares authorized	10,000,000,000	10,000,000,000
Common stock, shares issued	2,939,018,899	4,289,637,844
Common stock, shares outstanding	2,939,018,899	4,289,637,844
Class C Common Stock [Member]
Common stock, par value per share	$ 0.000001	$ 0.000001
Common stock, shares authorized	8,000,000,000	8,000,000,000
Common stock, shares issued	145,045,680	191,051,320
Common stock, shares outstanding	145,045,680	191,051,320
Class D Common Stock [Member]
Common stock, par value per share	$ 0.000001	$ 0.000001
Common stock, shares authorized	8,000,000,000	8,000,000,000
Common stock, shares issued	96,000,000	114,000,000
Common stock, shares outstanding	96,000,000	114,000,000

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Operating Expenses
General & Administrative	$ 164,431,181	$ 2,749,770
Total Operating Expenses	164,431,181	2,749,770
Loss From Operations	(164,431,181)	(2,749,770)
Other Expense
Interest expenses	(200)	(800)
Total Other Expense	(200)	(800)
Net Loss	$ (164,431,381)	$ (2,750,570)
Net Loss Per Share - Basic & Diluted	$ (0.04)	$ (0.00)
Weighted Average Common Shares Outstanding - Basic & Diluted	4,597,207,947	3,391,327,000

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock Class A [Member]	Common Stock Class B [Member]	Common Stock Class C [Member]	Common Stock Class D [Member]	Additional Paid-in Capital [Member]	Stock Subscription Receivable [Member]	Accumulated Deficit [Member]	Total
Balance at Jul. 31, 2020	$ 2	$ 2	$ 2,939	$ 145	$ 96	$ 237,463,587,140	$ (237,457,597,000)	$ (59,311,348)	$ (53,318,024)
Balance, shares at Jul. 31, 2020	1,800,000	1,684,000	2,939,018,899	145,045,680	96,000,000
Stock-based compensation						64			64
Issuance of Class B shares at par			$ 400			(400)
Issuance of Class B shares at par, shares			400,000,000
Issuance of Class C shares at par				$ 23		(23)
Issuance of Class C shares at par, shares				23,000,000
Issuance of Class C shares at par				$ 23		(23)
Issuance of Class C shares at par, shares				23,000,000
Shares issued to officers for cash			$ 2			9,839,999,998	(9,840,000,000.00)
Shares issued to officers for cash, shares			2,400,000
Net Loss								(2,750,570)	(2,750,570)
Balance at Oct. 31, 2020	$ 2	$ 2	$ 3,341	$ 191	$ 96	247,303,586,756	(247,297,597,000)	(62,061,918)	(56,068,530)
Balance, shares at Oct. 31, 2020	1,800,000	1,684,000	3,341,418,899	191,045,680	96,000,000
Balance at Jul. 31, 2021	$ 2	$ 1	$ 4,289	$ 191	$ 114	247,303,957,909	(247,297,597,000)	(65,460,478)	(59,094,972)
Balance, shares at Jul. 31, 2021	1,800,000	1,684,000	4,692,037,844	191,051,320	114,000,000
Stock-based compensation		$ 2				164,048,908			164,048,910
Stock-based compensation, shares		1,600,000
Net Loss								(164,431,381)	(164,431,381)
Balance at Oct. 31, 2021	$ 2	$ 3	$ 4,289	$ 191	$ 114	$ 247,468,006,817	$ (247,297,597,000)	$ (229,891,859)	$ (59,477,443)
Balance, shares at Oct. 31, 2021	1,800,000	3,284,000	4,692,037,844	191,051,320	114,000,000

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (164,431,381)	$ (2,750,570)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		103
Stock-based compensation	164,048,908	64
Change in operating assets and liabilities:
Prepaid expense and deposits		32,750
Funding receivable
Master consulting fee asset
Accounts payable and accrued expenses	211,229	269,704
Accrued expenses - related parties	200	(314)
Accrued compensation expenses - related parties	100,313	2,352,812
Bond indenture obligation
Deferred revenue
Cash flows used in operating activities	(70,731)	(95,451)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related party loans	66,000	84,440
Repayment of related party loans
Cash flows provided by financing activities	66,000	84,440
NET DECREASE IN CASH	(4,731)	(11,011)
CASH, BEGINNING OF PERIOD	4,838	28,396
CASH, END OF PERIOD	107	17,385
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid
Income taxes paid
NON CASH INVESTING AND FINANCING TRANSACTIONS:
Contract Asset And Liabilities	$ 300,000,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Oct. 31, 2021

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Business

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.

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.

Basis of Presentation

The accompanying unaudited interim condensed consolidated financial statements of the Company. have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, the instructions to Form 10-Q and Article 8 of Regulation S-X, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s financial statements filed with the Securities and Exchange Commission (“SEC”) on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the unaudited interim condensed consolidated financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. The unaudited interim condensed consolidated statements do not include all of the information and notes required by U.S. GAAP for complete financial statements. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited consolidated financial statements for the most recent fiscal year 2021 as reported in Form 10-K, have been omitted.

Principles of Consolidation and Investments

The consolidated financial statements present the financial position, results of operations and cash flows for Ameri Metro and its wholly-owned subsidiary, Global Transportation & Infrastructure, Inc. (“GTI”). Intercompany transactions and balances have been eliminated in consolidation.

The financial position, results of operations and cash flows as of and for the period reported include the results of operations for Ameri Metro and GTI.

The Company accounts for all investments where it has significant influence over the investee and related ownership of greater than 20% and less than 50% ownership. The Company evaluates all investees to determine if they are considered variable interest entities. The Company does not believe it has any variable interest entities where it is the primary beneficiary of the investee, nor is the Company required to absorb or guarantee debt obligations and net losses of any of its investees.

Participating Profits Interest

As at October 31, 2021 and 2020, the Company has a 25% participating profits interest in nineteen related entities and a 10% participating profit in one other entity. The remaining 75% participating profits interest (and 100% voting control) is owned by the Company’s majority shareholder, Chairman of the Board of Directors and Chief Executive Officer. These entities have had no operations, assets, or liabilities, and as of October 31, 2021 and 2020, the Company’s participating profits interest in these companies was $0.

On October 29^th, 2021, Jewel’s Real Estate 1086 MASTER LLLP Pennsylvania partnership established in 1997, and Ameri Metro, Infrastructure Cryptocurrency Inc., a Delaware company (together, “Seller”) established in 2021, and Ameri Metro, Inc., a Delaware company (“Buyer”) established in 2011 entered into a Real Property’s Purchase of Development Rights and Sale Agreement (the “Agreement”). Pursuant to the Agreement, Seller provided Buyer all rights to develop and acquire easements and other rights that relate to certain real property consisting of 4,443 single-family building lots, two golf courses, 30 acres of commercial mixed-use land, 20 acres for development of public schools, 20 acres for construction of civic buildings, and land for construction of sewer treatment facilities, located in California (the “Property”).

The purchase price for the Property (the “Purchase Price”) is Three Hundred Million Dollars ($300,000,000.00). Pursuant to this Agreement, Buyer paid to Seller an Option Fee in the form of shares of stock of Ameri Metro, Inc., equal to Thirty Million Dollars ($30,000,000.00) in the form of class B shares (6,383 shares) for a negotiated price of $4,700 per share. The class B shares were loaned to the Company from Ameri Metro Inc. Trust.

Jewel’s Real Estate 1086 MASTER LLLP is owned by the daughter of the CEO, Chairman and Founder of Ameri Metro, Inc.

F-5

The Company’s management has determined that acquisition of the Property does not constitute a business under S-X 3-05 and Item 2.01 of Form 8-K with reference to S-X 11-01(d) nor does the asset acquisition meet the business criteria under ASC-MG and ASC 805 for accounting purposes. Therefore, no historical financial statements are required to be provided.

Until the deed of trust is transferred from Jewel Real Estate 1086 MASTER LLLP to Ameri Metro, Inc., management will treat the contractual assets transferred as an indefinite life intangible asset, subject to annual impairment analysis. Upon transfer of the deed of trust to Ameri Metro, Inc. management will fully conduct a thorough accounting of the assets transferred in accordance with U.S. GAAP.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported 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.

Loss Per Share

Basic 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 period. 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 loss for the period ended October 31, 2021 and 2020, the outstanding options are anti-dilutive. As a result, the computations of net loss per common shares is the same for both basic and fully diluted common stock. Potentially dilutive securities, which includes 24,420,000 and 10,490,000 stock options as at October 31, 2021, and 2020, have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been antidilutive.

Recent Accounting Pronouncements

In December 2019, the FASB issued a new standard to simplify the accounting for income taxes. The guidance eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences related to changes in ownership of equity method investments and foreign subsidiaries. The guidance also simplifies aspects of accounting for franchise taxes and enacted changes in tax laws or rates, and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. The standard will be effective for us beginning August 1, 2021. Management determined that the adoption of this new standard had no material impact on our consolidated financial statements.

There were no other accounting pronouncements to be adopted or required to be adopted in the quarter ended October 31, 2021. For the impact of potential announcements on the Company’s Fiscal 2022 financial statements please see the July 31, 2021 Form 10-K.

GOING CONCERN

3 Months Ended

Oct. 31, 2021

Going Concern [Abstract]

GOING CONCERN

NOTE 2 – GOING CONCERN

These unaudited condensed 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, management’s business strategy involves commencing development of various economic development projects and closing of acquisitions that are expected to be profitable subject to the availability of financing to make these projects and acquisitions commercially successful. As at October 31, 2021, the Company has continuing losses from operations. 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.

Management’s plans include selling our coins for consumptive use, 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 consolidated financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern.

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES

3 Months Ended

Oct. 31, 2021

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES

NOTE 3 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES – RELATED PARTIES

As of October 31, 2021, $59,033,333 (July 31, 2021 - $58,721,593 ) is accrued in relation to various employment agreements, directorship agreements, audit committee agreements and other payables.

F-6

To enhance disclosures although not required under US GAAP, as the balances and transactions are already disclosed throughout this Form 10-Q, or have not materially changed since our July 31, 2021 Form 10-K. The Company has summarized the related party balances as of October 31, 2021 and July 31, 2021 and the transactions between related parties recorded for the three months ended October 31, 2021 and 2020 below:

Balance Sheet	October 31, 2021		July 31, 2021

Accrued Interest - Related Parties	$	2,705	$	2,505
Accrued Consulting Fees - Related Parties		1,249,006		1,249,006
Due to related parties		1,060		1,060
Accrued Compensation - Audit Committee		1,530,000		1,530,000
Accrued Compensation - Officers and Directors		49,949,059		49,949,059
Total	$	52,731,830	$	52,731,630

Statement of Operations	October 31, 2021		October 31, 2020
Share Based Compensation - Shares issued to CEO	$	164,040,387	$	-
Share Based Compensation - Stock Based Options issued to Officers and Directors		8,522		64
Officer Salaries		-		1,300,000
Director		-		487,500
Audit Committee		-		90,000
Majority Shareholder		-		375,000

	$	164,048,909	$	2,252,564

LOANS PAYABLE - RELATED PARTY

3 Months Ended

Oct. 31, 2021

LOANS PAYABLE - RELATED PARTY

NOTE 4 – LOANS PAYABLE – RELATED PARTY

As of October 31, 2021, $444,217 (July 31, 2021 - $378,216) is due to the majority shareholder as he paid expenses on behalf of the Company. The amount is unsecured, bears interest at 1% per annum and is due on demand.

CAPITAL STOCK

3 Months Ended

Oct. 31, 2021

Stockholders' Equity Note [Abstract]

CAPITAL STOCK

NOTE 5 – CAPITAL STOCK

On September 13, 2021, the Company issued 1,600,000 Class A shares to its Founder, Chairman and CEO, which recorded as compensation expense in the consolidated statements of operations.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

SHARE BASED COMPENSATION

3 Months Ended

Oct. 31, 2021

Share-based Payment Arrangement [Abstract]

SHARE BASED COMPENSATION

NOTE 6 – SHARE BASED COMPENSATION

On March 8, 2016, the Company adopted a stock option plan named 2015 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.

During the three months ended October 31, 2021 and 2020, the Company recorded stock-based compensation of $164,048,908 and $64 on the consolidated statement of operations for all stock based compensation.

On June 12, 2019, the Company amended Equity Incentive Plans, Subscription Agreements and Equity Agreements so that options issued after June 12, 2019 would have a strike price equal to the market price at that grant date.

The outstanding equity compensation is as follows:

	October 31, 2021		October 31, 2020
Total Shares Outstanding		2,000,000		2,000,000
Total Shares Exercisable		2,000,000		2,000,000

Total Shares and Options Outstanding		26,240,000		12,890,000
Total Shares and Options Exercisable		24,040,000		8,400,000

F-7

A summary of the Company’s stock option activity is as follow:

	Number of Options	Weighted Average Exercise Price $		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value $

Outstanding, July 31, 2020	10,890,000	$	134.82	30.00	$	–
Granted	–		–	–		–
Exercised	–		–	–		–
Outstanding, October 31, 2020	10,890,000	$	134.82	30.00		–
Exercisable, October 31, 2021	6,400,000	$	189.43	30.00	$	–
Outstanding, July 31, 2021	21,630,000	$	637.76	19.65	$	–
Granted	2,610,000	$	4,566.00	30.00		–
Exercised	–	$	–	–		–

Outstanding, October 31, 2021	24,240,000	$	1,060.72	20.76	$	–
Exercisable, October 31, 2021	22,040,000	$	1,114.26	20.76	$	–

All Officer and Director Share Options and Share Based Compensation are fully vested.

The only share options that are not fully vested are the WSMG advisory stock options as they are contingent upon the Company listing on the NYSE and / or the NASDAQ.

The fair value of each share option granted was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:

	Three Months	Three Months
	Ended	Ended
	October 31,	October 31,
	2021	2020

Expected dividend yield	0%	0%
Expected volatility	17%	150%
Expected life (in years)	30	10
Risk-free interest rate	0.14%	0.92%

At October 31, 2021 and 2020, there was approximately $166 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 October 31, 2021 and 2020.

COMMITMENTS AND CONTINGENCIES

3 Months Ended

Oct. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 7 – COMMITMENTS AND CONTINGENCIES

Related and Non-related Party Agreements

The Company has entered into agreements with related and non-related parties for identified projects. As of October 31, 2020 and through October 31, 2021 the Company has no commitments or obligations under these agreements due to lack of financing and the need for a feasibility study before each project is begun. The Company will be committed to perform agreed upon services once feasibility study is complete and financing is available.

There were no material changes in the Company’s commitments and contingencies since filing its July 31, 2021 Form 10-K.

INCOME TAXES

3 Months Ended

Oct. 31, 2021

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 8 – INCOME TAXES

At October 31, 2021 and July 31, 2021, the Company’s deferred tax assets consisted of principally net operating loss carry forwards. The material reconciling items between the tax benefit computed at the statutory rate and the actual benefit recognized in the financial statements consisted of accrued expenses and the change in the valuation allowance during the applicable period. The Company has recorded a 100% valuation allowance as management is uncertain that the Company will realize the deferred tax assets, which as of July 31, 2021 were 100% related to carry forward net operating losses.

The Company has not filed its federal and state tax returns for the year ended July 31, 2021 and has filed its federal and state tax returns for the year ended July 31, 2020. The Net operating losses (“NOLs”) for July 31, 2021 will not be available to reduce future taxable income until the returns are filed. Assuming these returns are filed, as of July 31, 2021, the Company had approximately $8.8 million of federal and state net operating losses that may be available to offset future taxable income. The Company due to the complicated nature of the transactions closed in the first quarter October 31, 2021, are determining the impact of the transactions from an accounting and tax perspective, if any. Additionally, the contract asset acquired during the three months ended October 31, 2021, has real property attached to the intangible but the deed of trust has not transferred to Ameri Metro, Inc., therefore its too complicated to effectively determine the tax implications of this transaction at this time. The Company will update the transaction tax implications which will determine the accounting for income taxes. However, due to continued losses it is expected at this time that the tax implications for accounting purposes would indicate and require full valuation allowance and any changes to the deferred tax assets and liabilities would not be material to investors.

The tax years 2014 to 2021 remain open to examination by the major taxing jurisdictions to which the Company is subject.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

SUBSEQUENT EVENTS

3 Months Ended

Oct. 31, 2021

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 9 – SUBSEQUENT EVENTS

On November 30, 2021, Global Infrastructure Finance and Development Authority approved $300,000,000 in Ameri Coin and $300,000,000 in Crypto Infrastructure Bond as a first draw on a $1B grant package. The Company will use $270,000,000 of the Ameri Coin grant to settle $270,000,000 liability associated with the October 29, 2021 acquisition of the residential and commercial property in California. The grants would thereafter be used toward other economic development opportunities world-wide.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Oct. 31, 2021
Accounting Policies [Abstract]
Nature of Business	Nature of Business 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. 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.
Basis of Presentation	Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of the Company. have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, the instructions to Form 10-Q and Article 8 of Regulation S-X, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s financial statements filed with the Securities and Exchange Commission (“SEC”) on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for the unaudited interim condensed consolidated financial statements to be not misleading have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. The unaudited interim condensed consolidated statements do not include all of the information and notes required by U.S. GAAP for complete financial statements. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited consolidated financial statements for the most recent fiscal year 2021 as reported in Form 10-K, have been omitted.
Principles of Consolidation and Investments	Principles of Consolidation and Investments The consolidated financial statements present the financial position, results of operations and cash flows for Ameri Metro and its wholly-owned subsidiary, Global Transportation & Infrastructure, Inc. (“GTI”). Intercompany transactions and balances have been eliminated in consolidation. The financial position, results of operations and cash flows as of and for the period reported include the results of operations for Ameri Metro and GTI. The Company accounts for all investments where it has significant influence over the investee and related ownership of greater than 20% and less than 50% ownership. The Company evaluates all investees to determine if they are considered variable interest entities. The Company does not believe it has any variable interest entities where it is the primary beneficiary of the investee, nor is the Company required to absorb or guarantee debt obligations and net losses of any of its investees.
Participating Profits Interest	Participating Profits Interest As at October 31, 2021 and 2020, the Company has a 25% participating profits interest in nineteen related entities and a 10% participating profit in one other entity. The remaining 75% participating profits interest (and 100% voting control) is owned by the Company’s majority shareholder, Chairman of the Board of Directors and Chief Executive Officer. These entities have had no operations, assets, or liabilities, and as of October 31, 2021 and 2020, the Company’s participating profits interest in these companies was $0. On October 29^th, 2021, Jewel’s Real Estate 1086 MASTER LLLP Pennsylvania partnership established in 1997, and Ameri Metro, Infrastructure Cryptocurrency Inc., a Delaware company (together, “Seller”) established in 2021, and Ameri Metro, Inc., a Delaware company (“Buyer”) established in 2011 entered into a Real Property’s Purchase of Development Rights and Sale Agreement (the “Agreement”). Pursuant to the Agreement, Seller provided Buyer all rights to develop and acquire easements and other rights that relate to certain real property consisting of 4,443 single-family building lots, two golf courses, 30 acres of commercial mixed-use land, 20 acres for development of public schools, 20 acres for construction of civic buildings, and land for construction of sewer treatment facilities, located in California (the “Property”). The purchase price for the Property (the “Purchase Price”) is Three Hundred Million Dollars ($300,000,000.00). Pursuant to this Agreement, Buyer paid to Seller an Option Fee in the form of shares of stock of Ameri Metro, Inc., equal to Thirty Million Dollars ($30,000,000.00) in the form of class B shares (6,383 shares) for a negotiated price of $4,700 per share. The class B shares were loaned to the Company from Ameri Metro Inc. Trust. Jewel’s Real Estate 1086 MASTER LLLP is owned by the daughter of the CEO, Chairman and Founder of Ameri Metro, Inc. F-5 The Company’s management has determined that acquisition of the Property does not constitute a business under S-X 3-05 and Item 2.01 of Form 8-K with reference to S-X 11-01(d) nor does the asset acquisition meet the business criteria under ASC-MG and ASC 805 for accounting purposes. Therefore, no historical financial statements are required to be provided. Until the deed of trust is transferred from Jewel Real Estate 1086 MASTER LLLP to Ameri Metro, Inc., management will treat the contractual assets transferred as an indefinite life intangible asset, subject to annual impairment analysis. Upon transfer of the deed of trust to Ameri Metro, Inc. management will fully conduct a thorough accounting of the assets transferred in accordance with U.S. GAAP.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported 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.
Loss Per Share	Loss Per Share Basic 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 period. 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 loss for the period ended October 31, 2021 and 2020, the outstanding options are anti-dilutive. As a result, the computations of net loss per common shares is the same for both basic and fully diluted common stock. Potentially dilutive securities, which includes 24,420,000 and 10,490,000 stock options as at October 31, 2021, and 2020, have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been antidilutive.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2019, the FASB issued a new standard to simplify the accounting for income taxes. The guidance eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences related to changes in ownership of equity method investments and foreign subsidiaries. The guidance also simplifies aspects of accounting for franchise taxes and enacted changes in tax laws or rates, and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. The standard will be effective for us beginning August 1, 2021. Management determined that the adoption of this new standard had no material impact on our consolidated financial statements. There were no other accounting pronouncements to be adopted or required to be adopted in the quarter ended October 31, 2021. For the impact of potential announcements on the Company’s Fiscal 2022 financial statements please see the July 31, 2021 Form 10-K.

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES (Tables)

3 Months Ended

Oct. 31, 2021

Payables and Accruals [Abstract]

Schedule of Expenditure Incurred

Balance Sheet	October 31, 2021		July 31, 2021

Accrued Interest - Related Parties	$	2,705	$	2,505
Accrued Consulting Fees - Related Parties		1,249,006		1,249,006
Due to related parties		1,060		1,060
Accrued Compensation - Audit Committee		1,530,000		1,530,000
Accrued Compensation - Officers and Directors		49,949,059		49,949,059
Total	$	52,731,830	$	52,731,630

Schedule of Transactions of Company and Related Parties

Statement of Operations	October 31, 2021		October 31, 2020
Share Based Compensation - Shares issued to CEO	$	164,040,387	$	-
Share Based Compensation - Stock Based Options issued to Officers and Directors		8,522		64
Officer Salaries		-		1,300,000
Director		-		487,500
Audit Committee		-		90,000
Majority Shareholder		-		375,000

	$	164,048,909	$	2,252,564

SHARE BASED COMPENSATION (Tables)

3 Months Ended

Oct. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Share Based Compensation

The outstanding equity compensation is as follows:

	October 31, 2021		October 31, 2020
Total Shares Outstanding		2,000,000		2,000,000
Total Shares Exercisable		2,000,000		2,000,000

Total Shares and Options Outstanding		26,240,000		12,890,000
Total Shares and Options Exercisable		24,040,000		8,400,000

Schedule of Summary of Stock Option Activity

F-7

A summary of the Company’s stock option activity is as follow:

	Number of Options	Weighted Average Exercise Price $		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value $

Outstanding, July 31, 2020	10,890,000	$	134.82	30.00	$	–
Granted	–		–	–		–
Exercised	–		–	–		–
Outstanding, October 31, 2020	10,890,000	$	134.82	30.00		–
Exercisable, October 31, 2021	6,400,000	$	189.43	30.00	$	–
Outstanding, July 31, 2021	21,630,000	$	637.76	19.65	$	–
Granted	2,610,000	$	4,566.00	30.00		–
Exercised	–	$	–	–		–

Outstanding, October 31, 2021	24,240,000	$	1,060.72	20.76	$	–
Exercisable, October 31, 2021	22,040,000	$	1,114.26	20.76	$	–

Schedule of Fair Value of Each Option Granted Weighted Average Assumptions

The fair value of each share option granted was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions:

	Three Months	Three Months
	Ended	Ended
	October 31,	October 31,
	2021	2020

Expected dividend yield	0%	0%
Expected volatility	17%	150%
Expected life (in years)	30	10
Risk-free interest rate	0.14%	0.92%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	1 Months Ended	3 Months Ended
	Oct. 29, 2021	Oct. 31, 2021	Oct. 31, 2020
Related Party Transaction [Line Items]
Participating profits interest		$ 0	$ 0
Potentially dilutive securities stock options excluded from computation of diluted net loss per share		24,420,000	10,490,000
Property [Member]
Related Party Transaction [Line Items]
Purchase price	$ 300,000,000.00
Property [Member] \| Class B Common Stock [Member]
Related Party Transaction [Line Items]
Shares issued under acquisition	6,383
Per share price of acquisition	$ 4,700
One other entity [Member]
Related Party Transaction [Line Items]
Participating profits interest		10.00%
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Participating profits interest, percentage		75.00%
Participating profits interest, voting control		100.00%
Nineteen related entities [Member]
Related Party Transaction [Line Items]
Participating profits interest		25.00%

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES (Narrative) (Details) - USD ($)	Oct. 31, 2021	Jul. 31, 2021
Payables and Accruals [Abstract]
Accrued compensation expenses - related parties	$ 59,033,333	$ 58,721,593

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES (Schedule of Expenditure Incurred) (Details) - USD ($)	Oct. 31, 2021	Jul. 31, 2021
Payables and Accruals [Abstract]
Accrued Interest - Related Parties	$ 2,705	$ 2,505
Accrued Consulting Fees - Related Parties	1,249,006	1,249,006
Due to related parties	1,060	1,060
Accrued Compensation - Audit Committee	1,530,000	1,530,000
Accrued Compensation - Officers and Directors	49,949,059	49,949,059
Total	$ 52,731,830	$ 52,731,630

ACCOUNTS PAYABLE AND ACCRUED EXPENSES - RELATED PARTIES (Schedule of Transactions of Company and Related Parties) (Details) - USD ($)	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Payables and Accruals [Abstract]
Share Based Compensation - Shares issued to CEO	$ 164,040,387
Share Based Compensation - Stock Based Options issued	8,522	64
Officers Salaries		1,300,000
Director		487,500
Audit Committee		90,000
Majority Shareholder		375,000
Total	$ 164,048,909	$ 2,252,564

CAPITAL STOCK (Details)	Sep. 13, 2021 shares
Class A Common Stock [Member] \| Founder, Chairman and CEO [Member]
Capital Unit [Line Items]
Shares issued	1,600,000

SHARE BASED COMPENSATION (Narrative) (Details) - USD ($)	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-based compensation	$ 164,048,908	$ 64
Unrecognized compensation costs related to non-vested stock-based compensation	166
Intrinsic value associated with outstanding stock options

SHARE BASED COMPENSATION (Schedule of Share Based Compensation) (Details) - shares	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Share-based Payment Arrangement [Abstract]
Total Shares Outstanding	2,000,000	2,000,000
Total Shares Exercisable	2,000,000	2,000,000
Total Shares and Options Outstanding	26,240,000	12,890,000
Total Shares and Options Exercisable	24,040,000	8,400,000

SHARE BASED COMPENSATION (Schedule of Summary of Stock Option Activity) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Number of Options
Outstanding	21,630,000	10,890,000	10,890,000
Granted	2,610,000
Exercised
Outstanding	24,240,000	10,890,000	21,630,000	10,890,000
Exercisable	22,040,000	6,400,000
Weighted Average Exercise Price
Outstanding	$ 637.76	$ 134.82	$ 134.82
Granted	4,566.00
Exercised
Outstanding	1,060.72	134.82	$ 637.76	$ 134.82
Exercisable	$ 1,114.26	$ 189.43
Weighted Average Remaining Contractual Term
Outstanding	20 years 9 months 3 days	30 years	19 years 7 months 24 days	30 years
Granted	30 years
Exercisable	20 years 9 months 3 days	30 years
Aggregate Intrinsic Value
Outstanding
Granted
Exercised
Outstanding

SHARE BASED COMPENSATION (Schedule of Fair Value of Each Option Granted Weighted Average Assumptions) (Details)	3 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Share-based Payment Arrangement [Abstract]
Expected dividend yield	0.00%	0.00%
Expected volatility	17.00%	150.00%
Expected life (in years)	30 years	10 years
Risk-free interest rate	0.14%	0.92%

INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
INCOME TAXES (Narrative) (Details) - USD ($) $ in Millions	Oct. 31, 2021	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Percentage of valuation allowance as management is uncertain that Company will realize the deferred tax assets	100.00%
Percentage of carry forward net operating losses		100.00%
Federal and state net operating losses		$ 8.8

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] - Global Infrastructure Finance and Development Authority [Member]	1 Months Ended
	Nov. 30, 2021 USD ($)
Ameri Coin [Member]
Subsequent Event [Line Items]
Amount of package grant	$ 300,000,000
Settlement of liability	270,000,000
Crypto Infrastructure Bond [Member]
Subsequent Event [Line Items]
Amount of package grant	$ 300,000,000