XML 27 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Income Statement [Abstract]    
Revenues – third parties $ 905,310 $ 936,935
Revenues – a related party 762,000  
Revenues 1,667,310 936,935
Cost of revenues (660,000)  
Gross profit 1,007,310 936,935
Operating expenses:    
Selling expenses 569,529 439,174
General and administrative expenses 2,651,361 2,919,675
Provision for doubtful accounts  
Impairment of long-lived assets  
Total operating expenses 3,220,890 3,358,849
Loss from operations (2,213,580) (2,421,914)
Other income (expenses):    
Interest income, net 354,832 313
Other (expenses) income, net (123,296) (84,194)
(Loss) gain from investment in trading securities (2,432,107) (258,738)
Gain from disposal of subsidiaries and VIE 1,043,052 390,183
Total other (expense) income, net (1,157,519) 47,564
Loss before income taxes (3,371,099) (2,374,350)
Income tax provision
Net loss from continuing operations (3,371,099) (2,374,350)
Net loss from discontinued operations   (6,625,898)
Net loss (3,371,099) (9,000,248)
Less: Net loss attributable to non-controlling interests 460,705 436,474
Net loss attributable to ATIF Holdings Limited (2,910,394) (8,563,774)
Other comprehensive income (loss):    
Total foreign currency translation adjustment 810 (283,677)
Comprehensive loss (3,370,289) (9,283,925)
Less: comprehensive loss attributable to non-controlling interests 460,705 295,985
Comprehensive loss attributable to ATIF Holdings Limited $ (2,909,584) $ (8,987,940)
Loss Per share – basic and diluted (in Dollars per share) $ (0.31) $ (0.9)
Loss Per share from continuing operations – basic and diluted (in Dollars per share) (0.31) (0.26)
Loss Per share from discontinued operations – basic and diluted (in Dollars per share) $ (0.64)
Weighted Average Shares Outstanding*    
Basic and diluted (in Shares) [1] 9,511,045 9,483,010
[1] Retrospectively restated due to five for one reverse stock split, see Note 16.