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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 362,696 $ (1,992,933)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 109,967 136,516
Provision of doubtful debts 89,561
Amortization of right-of-use assets 322,462 334,378
Loss from disposal of property and equipment   53,757
Loss from disposal of a subsidiary 69,045  
(Gain) loss from investment in trading securities (101,381) 423,462
Changes in operating assets and liabilities:    
Accounts receivable (1,750,000)
Deposits 55,000 93,580
Prepaid expenses and other current assets 81,711 (567,191)
Deferred revenue (20,785) 308,171
Taxes payable 575,056 10,577
Accrued expenses and other liabilities (763,012) 1,146,715
Lease liabilities (301,867) (319,860)
Net cash used in operating activities (1,361,108) (283,267)
Cash flows from investing activities:    
Purchase of property and equipment (9,002) (15,470)
Proceeds from disposal of property and equipment 283,359
Investment in trading securities (148,941) (2,425,346)
Release of investment in equity investees 335,000
Loans made to a related party (100,000)
Collection of borrowings from a related party 1,500
Net cash used in investing activities 78,557 (2,157,457)
Cash flows from financing activities:    
Proceeds from exercise of warrants 1,068,203
Withdrawal of capital from a subsidiary (3,000,000)
Payment of investment gains to the limited partner of ATIF LP (29,149)
Net cash provided by (used in) financing activities (1,960,946)
Effect of exchange rate changes on cash 110,968
Net decrease in cash (1,282,551) (4,290,702)
Cash, beginning of period 1,750,137 5,596,740
Cash, end of period 467,586 1,306,038
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 discontinued operations    
Right-of-use assets obtained in exchange for operating lease obligations $ 109,492