ACCOUNTS RECEIVABLE, NET (Tables)

12 Months Ended

Jul. 31, 2020

ACCOUNTS RECEIVABLE, NET

Schedule of accounts receivable and allowance for doubtful accounts

	As of July 31,
	2020		2019
Accounts receivable from business advisory and consulting services	$	425,106	$	1,537,593
Accounts receivable from multi-channel advertising, event planning and execution		1,894,447		—
Total gross accounts receivable		2,319,553		1,537,593
Less: allowances for doubtful accounts		(1,380,161)		(65,335)
Accounts receivables, net	$	939,392	$	1,472,258

Schedule of aging of the accounts receivable

	As of July 31,
Accounts receivable by aging bucket	2020		2019
1-3 months	$	27,027	$	364,430
4-6 months		67,441		147,722
7-12 months		1,130,348		894,771
More than 1 year		1,094,737		130,670
Total gross accounts receivable	$	2,319,553	$	1,537,593

Schedule of movement in allowance for doubtful accounts for accounts receivable, net

	July 31, 2020		July 31, 2019
Beginning balance	$	65,335	$	—
Additions		1,304,108		65,790
Reductions		—		—
Foreign currency translation adjustments		10,718		(455)
Ending balance	$	1,380,161	$	65,335