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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Oct. 31, 2023
Jul. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 361,225 $ 606,022
Accounts receivable 653,600 650,000
Deposits 86,000 86,000
Investment in trading securities 459,353 130,649
Prepaid expenses and other current assets 372,540 429,570
Total current assets 1,953,257 2,542,780
Property and equipment, net 88,300 93,637
Intangible assets, net 53,331 73,331
Right-of- use assets, net 945,706 1,058,822
TOTAL ASSETS 3,040,594 3,768,570
CURRENT LIABILITIES    
Accounts payable, accrued expenses and other current liabilities 376,981 293,140
Deferred revenue 70,000
Taxes payable 31,200 31,200
Operating lease liabilities, current 375,278 415,411
Total current liabilities 1,495,717 1,539,719
Operating lease liabilities, noncurrent 630,987 689,498
TOTAL LIABILITIES 2,126,704 2,229,217
Commitments
EQUITY    
Ordinary shares, $0.001 par value, 100,000,000,000 shares authorized, 9,627,452 shares and 9,627,452 shares issued and outstanding as of October 31, 2023 and July 31, 2023, respectively 9,627 9,627
Additional paid-in capital 29,196,350 29,196,350
Accumulated deficit (28,292,087) (27,666,624)
Total ATIF Holdings Limited Stockholders’ equity 913,890 1,539,353
TOTAL LIABILITIES AND EQUITY 3,040,594 3,768,570
Related Party    
CURRENT ASSETS    
Accounts receivable 600,000
Due from a related party [1] 20,539 40,539
CURRENT LIABILITIES    
Due to related parties $ 712,258 $ 729,968
[1] As of July 31, 2023, the balance due from related parties were repayable on demand. The Company expected to collect the outstanding receivables from related parties before July 31, 2024.