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Investments in Trading Securities
6 Months Ended
Jan. 31, 2024
Investments in Trading Securities [Abstract]  
INVESTMENTS IN TRADING SECURITIES

NOTE 7 – INVESTMENTS IN TRADING SECURITIES

 

As of January 31, 2024 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) income. For the three months ended January 31, 2024 and 2023, the Company recorded an increase in fair value of $80,670 and $39,120, respectively. For the six months ended January 31, 2024 and 2023, the Company recorded a decrease in fair value of $28,734 and an increase in fair value of $19,116, respectively.