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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Cash flows from operating activities:    
Net loss $ (3,371,099) $ (9,000,248)
Less: net loss from discontinued operations 6,625,898
Net loss from continuing operations (3,371,099) (2,374,350)
Adjustments to reconcile net loss from continuing operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 158,605 208,956
Amortization of right-of-use assets 424,400 513,082
Loss from disposal of property and equipment 39,313
Loss (Gain) from investment in trading securities 2,432,107 258,738
Changes in operating assets and liabilities:    
Accounts receivable – a related party (762,000)
Due from buyers of Leaping Group Corporation (354,767)
Deposits 93,668 133,848
Prepaid expenses and other current assets 37,241 11,922
Deferred revenue (244,675) (178,885)
Taxes payable (55,809) (643,789)
Accrued expenses and other liabilities 1,870,108 28,412
Lease liabilities (414,036) (505,372)
Net cash used in operating activities from continuing operations (146,944) (2,547,438)
Net cash used in operating activities from discontinued operations (119,612)
Net cash used in operating activities (146,944) (2,667,050)
Cash flows from investing activities:    
Purchase of property and equipment (101,950) (106,505)
Proceeds from disposal of property and equipment 283,359
Payment for investment in trading securities (1,437,944) (367,571)
Investment in an equity investee (335,000)
Collection of investment deposit for life insurance contract 1,217,456
Net cash (used in) provided by investing activities from continuing operations (1,591,535) 743,380
Net cash provided by investing activities from discontinued operations 118,541
Net cash (used in) provided by investing activities (1,591,535) 861,921
Cash flows from financing activities:    
Capital contribution 3,300,000
Withdrawal of capital contribution limited partners of ATIF LP (3,000,000)
Payment of investment gains to the limited partner of ATIF LP (29,149)
Proceeds from issuance of ordinary shares pursuant to a registered direct offering, net of issuance cost 3,535,000
Proceeds from exercise of warrants 1,068,203
Proceeds from related party borrowings
Repayment of related party borrowings
Net cash (used in) provided by financing activities from continuing operations (1,960,946) 6,835,000
Net cash used in financing activities from discontinued operations
Net cash (used in) provided by financing activities (1,960,946) 6,835,000
Effect of exchange rate changes on cash (147,178) 138,611
Net (decrease) increase in cash from continuing operations (3,846,603) 5,187,083
Net increase (decrease) in cash from discontinued operations (18,601)
Cash from continuing operations, beginning of year 5,596,740 409,657
Cash from discontinued operations, beginning of year 18,601
Cash, end of year 1,750,137 5,596,740
Less: Cash from discontinued operations, end of year
Cash from continuing operations, end of year 1,750,137 5,596,740
Supplemental disclosure of cash flow information:    
Cash paid for interest expenses
Cash paid for income tax
Supplemental disclosure of Non-cash investing and financing activities of continuing operations    
Collection of ordinary shares in connection with disposal of LGC 5,999,992
Receivable in connection with disposal of LGC 2,300,000
Right-of-use assets obtained in exchange for operating lease obligations 807,531
Supplemental disclosure of Non-cash investing and financing activities of discontinued operations    
Common shares issued for acquisition of LGC
Debt conversion for acquisition of LGC
Net assets acquired from LGC
Net liabilities derecognized for termination of VIE (405,823)
Right-of-use assets obtained in exchange for operating lease obligations $ 1,062,391