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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2017
Cash flows from operating activities:      
Net income $ 429,227 $ 1,946,883 $ 640,960
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 50,323 16,458 11,320
Change in bad debt allowance 65,790    
Changes in operating assets and liabilities:      
Accounts receivable (1,411,180) (144,202)  
Due from a related party 14,919 (7,691) (7,625)
Prepaid expenses and other current assets (1,686,683) 329,750 (386,018)
Deferred revenue (61,860) (472,721) (12,920)
Accounts payable   (571,121) (311,355)
Taxes payable (185,246) 688,781 204,423
Accrued expenses and other liabilities (234,128) 250,302 14,933
Net cash (used in) provided by operating activities (3,018,838) 2,036,439 153,718
Cash flows from investing activities:      
Purchase of property and equipment (20,762) (26,765) (14,965)
Purchase of intangible assets (458,100)    
Prepayment for fixed assets purchase (247,534)    
Loans to a third party   (2,872,151) (5,518)
Collection of third party loans 2,741,430    
Investment deposit for life insurance contract (1,275,950)    
Net cash provided by (used in) investing activities 739,084 (2,898,916) (20,483)
Cash flows from financing activities:      
Capital contribution   755,139  
Net proceeds from initial public offering 8,772,754    
Repayment of related party borrowings (31,267)    
Net cash provided by financing activities 8,741,487 755,139  
Effect of exchange rate changes on cash (74,996) 35,490 1,703
Net increase (decrease) in cash 6,386,737 (71,848) 134,938
Cash, beginning of year 72,965 144,813 9,875
Cash, end of year 6,459,702 72,965 144,813
Supplemental disclosure of cash flow information:      
Cash paid for interest expenses 0 0 0
Cash paid for income tax $ 490,397 $ 142,681 $ 31,499