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DISCONTINUED OPERATION
12 Months Ended
Jul. 31, 2021
DISCONTINUED OPERATION  
NOTE 4 - DISCONTINUED OPERATION

NOTE 4 - DISCONTINUED OPERATION

 

During 2018, the Company was engaged in the development of the business of selling computer equipment which can be used for the mining of cryptocurrency. As a result of the decline in the price of cryptocurrency, which made the purchase of its equipment uneconomical, the Company has discontinued that business. The change of the business qualified as a discontinued operation of the Company. In conjunction with the discontinued operations, the liabilities of the discontinued operations were presented separately under the captions “Liabilities from discontinued operation,” in the accompanying consolidated balance sheets at July 31, 2021 and 2020, respectively.