Prepaid Expenses and Other Current Assets

9 Months Ended

Apr. 30, 2023

Prepaid Expenses and Other Current Assets [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS

NOTE 5 – PREPAID EXPENSES AND OTHER CURRENT ASSETS  

Prepaid expenses and other current assets consisted of the following:

	April 30, 2023		July 31, 2022
	(unaudited)
Prepayment for advertising service fee (a)	$	480,000	$	600,000
Due from the buyer of ATIF GP		50,000		-
Advance to vendors		10,000		10,000
Others		29,503		41,210
Total	$	569,503	$	651,210

(a) Prepayment for advertising services represent the advance payments made by the Company to a third party advertising company for promotion services. These prepayments are typically expensed over the period when the services are performed.