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Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2024
Jul. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 2,116,156 $ 606,022
Accounts receivable 200,000 650,000
Deposits 99,000 86,000
Investment in trading securities 239,068 130,649
Prepaid expenses and other current assets 214,724 429,570
Total current assets 3,189,487 2,542,780
Property and equipment, net 69,716 93,637
Intangible assets, net 13,331 73,331
Right-of- use assets, net 60,915 1,058,822
TOTAL ASSETS 3,333,449 3,768,570
CURRENT LIABILITIES    
Accrued expenses and other current liabilities 122,259 293,140
Deferred revenue 70,000
Taxes payable 16,685 31,200
Operating lease liabilities, current 61,052 415,411
Total current liabilities 199,996 1,539,719
Operating lease liabilities, noncurrent 28,864 689,498
TOTAL LIABILITIES 228,860 2,229,217
Commitments
EQUITY    
Ordinary shares, $0.001 par value, 100,000,000,000 shares authorized, 11,917,452 shares and 9,627,452 shares issued and outstanding as of April 30, 2024 and July 31, 2023, respectively 11,917 9,627
Additional paid-in capital 32,599,985 29,196,350
Accumulated deficit (29,507,313) (27,666,624)
Total ATIF Holdings Limited Stockholders’ equity 3,104,589 1,539,353
TOTAL LIABILITIES AND EQUITY 3,333,449 3,768,570
Related Party    
CURRENT ASSETS    
Accounts receivable – a related party [1] 600,000
Due from a related party [1] 320,539 40,539
CURRENT LIABILITIES    
Due to related parties $ 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.