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DISCONTINUED OPERATION (Tables)
9 Months Ended
Apr. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations

Three Months Ended

 

 

Nine Months Ended

 

 

 

April 30,

 

 

April 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Revenue

 

$ -

 

 

$ -

 

 

$ -

 

 

$ -

 

Cost of revenue

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Inventory valuation reserve

 

 

-

 

 

 

-

 

 

 

(404,350 )

 

 

-

 

Gross profit

 

 

-

 

 

 

-

 

 

 

(404,350 )

 

 

-

 

General and administrative

 

 

-

 

 

 

(175,706 )

 

 

(27,520 )

 

 

(175,706 )

Stock based compensation

 

 

(181,125 )

 

 

(980,000 )

 

 

(228,000 )

 

 

(980,000 )

Operating loss

 

 

(181,125 )

 

 

(1,155,706 )

 

 

(659,870 )

 

 

(1,155,706 )

Income tax provision

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Loss from discontinued operations, net of tax

 

$ (181,125 )

 

$ (1,155,706 )

 

$ (659,870 )

 

$ (1,155,706 )

 

 

 

 

April 30,

 

 

July 31,

 

 

 

2019

 

 

2018

 

 

 

(Unaudited)

 

 

 

Assets from discontinued operations

 

 

 

 

 

 

Prepaid inventory

 

$ -

 

 

$ 400,000

 

 

 

$ -

 

 

$ 400,000

 

 

 

 

 

 

 

 

 

 

Liabilities from discontinued operations

 

 

 

 

 

 

 

 

Advance from customer

 

$ 19,500

 

 

$ -

 

 

 

$ 19,500

 

 

$ -