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CONSOLIDATED BALANCE SHEETS
$ in Millions
Jul. 31, 2019
USD ($)
Jul. 31, 2018
USD ($)
CURRENT ASSETS    
Cash and cash equivalents $ 6,459,702 $ 72,965
Accounts receivable, net 1,472,258 137,550
Due from a related party   14,966
Loans receivable   2,750,078
Prepaid expenses and other current assets 2,655,332 721,817
Total current assets 10,587,292 3,697,376
Property and equipment, net 49,029 49,378
Intangible assets, net 428,759  
Investment deposit for life insurance contract 1,277,514  
TOTAL ASSETS 12,342,594 3,746,754
CURRENT LIABILITIES    
Deferred revenue 415,392 547,235
Taxes payable 669,069 861,683
Due to related parties   31,366
Accrued expenses and other current liabilities 56,928 291,679
Total current liabilities 1,141,389 1,731,963
STOCKHOLDERS' EQUITY    
Ordinary shares, $0.001 par value, 100,0000,000 shares authorized, 37,074,672 shares and 35,000,000 shares issued and outstanding as of July 31, 2019 and 2018, respectively 37,075 35,000
Additional paid-in capital 9,492,893 720,139
Statutory reserve 355,912 278,836
Retained earnings 1,391,040 1,038,889
Accumulated other comprehensive loss (75,715) (58,073)
Total stockholders' equity 11,201,205 2,014,791
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,342,594 $ 3,746,754