Investments in Trading Securities

6 Months Ended

Jan. 31, 2023

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS IN TRADING SECURITIES

NOTE 8 – INVESTMENTS IN TRADING SECURITIES

As of January 31, 2023 and July 31, 2022, the balance of investments in trading securities represented certain equity securities of listed companies purchased through various open market transactions by the Company during the relevant periods. The investments are initially recorded at cost, and subsequently measured at fair value with the changes in fair value recorded in other income (expenses), net in the unaudited condensed consolidated statement of operations and comprehensive income (loss). For the three months ended January 31, 2023 and 2022, the Company recorded an increase in fair value of $39,120 and a decrease in fair value of $454,555, respectively. For the six months ended January 31, 2023 and 2022, the Company recorded an increase in fair value of $19,116 and a decrease in fair value of $793,929, respectively.

Investments in trading securities consisted of the following:

	January 31, 2023		July 31, 2022
	(unaudited)
Trading securities invested by ATIF	$	73,627	$	12,740
Trading securities invested by ATIF LP		-		20,606
	$	73,627	$	33,346