Liquidity and Going Concern	9 Months Ended
Apr. 30, 2023
Liquidity and Going Concern [Abstract]
LIQUIDITY and GOING CONCERN	NOTE 2 – LIQUIDITY and GOING CONCERN For the three and nine months ended April 30, 2023, the Company reported a net loss of $0.3 million and a net income of $0.4 million, respectively. For the three and nine months ended April 30, 2022, the Company reported a net income of $0.3 million and a net loss of $2.0 million, respectively. For the nine months ended April 30, 2023 and 2022, the Company reported operating cash outflows of $1.4 million and $0.3 million, respectively. In assessing the Company’s ability to continue as a going concern, the Company monitors and analyzes its cash and its ability to generate sufficient cash flow in the future to support its operating and capital expenditure commitments. As of April 30, 2023, the Company had cash of $0.5 million. On the other hand, the Company had current liabilities of $2.6 million. Currently the Company had four service-in-progress agreements, and expected to collect consulting service fees of $3.3 million for the next 12 months. Due to the impact of COVID-19, some of our existing customers may experience financial distress or business disruptions, which could lead to potential delay or default on their payments. Any increased difficulty in collecting accounts receivable, or early termination of our existing consulting service agreements due to deterioration in economic conditions could further negatively impact our cash flows. Given these factors, our potential customers’ perception and confidence to go public in the United States has been negatively impacted and our operating revenue and cash flows may continue to underperform in the near terms. Although we had cash of $0.5 million as of April 30, 2023, given the above mentioned uncertainties, the management believes that the Company will continue as a going concern in the following 12 months from the date the Company’s unaudited condensed consolidated financial statements are issued. Currently, the Company intends to finance its future working capital requirements and capital expenditures from cash generated from operating activities and funds raised from equity financings. The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the ordinary course of business. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of the uncertainties described above.

Liquidity and Going Concern

9 Months Ended

Apr. 30, 2023

Liquidity and Going Concern [Abstract]

NOTE 2 – LIQUIDITY and GOING CONCERN

For the three and nine months ended April 30, 2023, the Company reported a net loss of $0.3 million and a net income of $0.4 million, respectively. For the three and nine months ended April 30, 2022, the Company reported a net income of $0.3 million and a net loss of $2.0 million, respectively. For the nine months ended April 30, 2023 and 2022, the Company reported operating cash outflows of $1.4 million and $0.3 million, respectively.

In assessing the Company’s ability to continue as a going concern, the Company monitors and analyzes its cash and its ability to generate sufficient cash flow in the future to support its operating and capital expenditure commitments.

As of April 30, 2023, the Company had cash of $0.5 million. On the other hand, the Company had current liabilities of $2.6 million. Currently the Company had four service-in-progress agreements, and expected to collect consulting service fees of $3.3 million for the next 12 months. Due to the impact of COVID-19, some of our existing customers may experience financial distress or business disruptions, which could lead to potential delay or default on their payments. Any increased difficulty in collecting accounts receivable, or early termination of our existing consulting service agreements due to deterioration in economic conditions could further negatively impact our cash flows. Given these factors, our potential customers’ perception and confidence to go public in the United States has been negatively impacted and our operating revenue and cash flows may continue to underperform in the near terms. Although we had cash of $0.5 million as of April 30, 2023, given the above mentioned uncertainties, the management believes that the Company will continue as a going concern in the following 12 months from the date the Company’s unaudited condensed consolidated financial statements are issued.

Currently, the Company intends to finance its future working capital requirements and capital expenditures from cash generated from operating activities and funds raised from equity financings.

The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the ordinary course of business. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of the uncertainties described above.