Discontinued Operation of LGC (Tables)

12 Months Ended

Jul. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of consolidated statements of operations and comprehensive loss

	As of January 29, 2021
Share consideration of 5,555,548 ordinary shares (1,111,110 ordinary shares retrospectively restated for accounting purposes for effect of reverse stock split on August 30, 2021), at $1.08 per share ($5.40 per share retrospectively restated for accounting purposes for effect of reverse stock split on August 30, 2021) on January 29, 2021	$	5,999,992
Cash consideration		2,300,000
Consideration in exchange for the disposal		8,299,992
Noncontrolling interest of LGC		16,516,711
Less: Net liabilities (comprised of assets of $7,804,412 and liabilities of $11,001,011)		3,196,599
		28,013,302
Impairment of goodwill relating to discontinued operations		(25,902,394	)
Impairment of intangible assets relating to discontinue operations		(6,986,615	)
Amortization of intangible assets arising from acquisition of LGC		(608,031	)
Net loss from disposal of discontinued operations	$	(5,483,738	)

Schedule of reconciliation of the carrying amounts

	January 29, 2021
Carrying amounts of major classes of assets held for sale:
Cash	$	6,297
Accounts receivable		1,241,178
Other current assets		992,333
Property and equipment, net		2,125,388
Right of use assets		3,422,985
Other noncurrent assets		16,231
Total assets of disposal group	$	7,804,412
Carrying amounts of major classes of liabilities held for sale:
Short-term borrowings	$	154,842
Taxes payable		3,618,661
Other current liabilities		3,502,209
Lease liabilities		3,725,299
Total liabilities of disposal group	$	11,001,011

Schedule of major classes of operations

	For the Years Ended July 31,
	2022		2021
Discontinued Operations
Revenues	$	-	$	2,117,551
Cost of revenues		-		(1,557,277	)
Total operating expenses		-		(1,714,341	)
Loss from operations		-		(1,154,067	)
Impairment of goodwill and property and equipment		-		-
Total other income (expense), net		-		12,220
Income tax expenses		-		(313	)
Net loss from discontinued operations, net of tax		-		(1,142,160	)
Net loss from disposal of discontinued operations		-		(5,483,738	)
Net Loss from Discontinued Operations	$	-	$	(6,625,898	)