DISCONTINUED OPERATION

3 Months Ended

Oct. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

NOTE 4 – DISCONTINUED OPERATION

The change of the business qualified as a discontinued operation of the Company (Note 1). In conjunction with the discontinued operations, the Company has excluded results of discontinued operations from its consolidated statements of operations to classify that business as discontinued operations in all periods presented. The liabilities of the discontinued operations were presented separately under the captions “Liabilities from discontinued operation” in the accompanying consolidated balance sheets at October 31, 2019 and July 31, 2019.

The following table shows the results of operations which are included in the loss from discontinued operations:

	Three Months Ended
	October 31,
	2019		2018
Operating expenses
General and administrative	$	—	$	18,520
Stock-based compensation		—		18,750
Operating loss		—		37,270
Income tax provision		—		—
Loss from discontinued operations, net of tax	$	—	$	37,270

The following table summarizes the carrying amounts of the net liabilities from discontinued operations as of October 31, 2019 and July 31, 2019, respectively.

	October 31,		July 31,
	2019		2019
Liabilities from discontinued operations
Advance from customer	$	19,500	$	19,500