INTANGIBLE ASSETS, NET (Tables)

12 Months Ended

Jul. 31, 2019

INTANGIBLE ASSETS, NET

Summary of intangible assets, net

Intangible assets, net consisted of the following:

	As of July 31,
	2019		2018
Financial and news platform (a)	$	438,657	$	—
Accounting software		19,842		—
Total		458,499		—
Less: accumulated amortization		(29,740)		—
Intangible assets, net	$	428,759	$	—

Summary of estimated future amortization expense

Estimated future amortization expense is as follows:

Year ending July 31,	Amortization expense
2020	$	31,228
2021		31,228
2022		31,228
2023		31,228
2024		31,228
Thereafter		272,619
Total	$	428,759