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Investments in Trading Securities
3 Months Ended
Oct. 31, 2023
Investments in Trading Securities [Abstract]  
INVESTMENTS IN TRADING SECURITIES

NOTE 7 – INVESTMENTS IN TRADING SECURITIES

 

As of October 31, 2023 and July 31, 2023, 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. All trading securities were invested by ATIF. 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 consolidated statement of operations and comprehensive loss. For the three months ended October 31, 2023 and 2022, the Company recorded a decrease in fair value of $109,403  and $20,004, respectively.