Related Party Transactions

9 Months Ended

Apr. 30, 2023

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 12 – RELATED PARTY TRANSACTIONS

On May 31, 2022, Huaya became a related party of the Company upon transfer of equity interest in Huaya to Mr. Pishan Chi, who was a former CEO of the Company. In May 2022, Huaya engaged the Company to provide consulting services for its customers. As of April 30, 2023 and July 31, 2022, the Company had accounts receivable of $762,000 and $762,000 due from Huaya.

For the three months ended April 30, 2023, the Company did not enter into related party transactions.

For the nine months ended April 30, 2023, the Company make loans of $100,000 to Huaya. The loans were interest free and was repayable on demand. As of April 30, 2023, the Company had loans due from Huaya of $98,500, which was recorded in the account of “due from a related party”.