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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Cash flows from operating activities:    
Net (loss) income $ (1,840,689) $ 362,696
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 89,007 109,967
Amortization of right-of-use assets 265,042 322,462
Loss from early termination of an operating lease 7,600
Loss from disposal of a subsidiary 69,045
Loss (gain) from investment in trading securities 338,255 (101,381)
Changes in operating assets and liabilities:    
Accounts receivable 450,000 (1,750,000)
Accounts receivable – related parties 600,000
Deposits (13,000) 55,000
Prepaid expenses and other current assets 214,846 81,711
Deferred revenue (70,000) (20,785)
Taxes payable (14,515) 575,056
Accrued expenses and other liabilities 178,994 (763,012)
Lease liabilities (289,728) (301,867)
Net cash used in operating activities (84,188) (1,361,108)
Cash flows from investing activities:    
Purchase of property and equipment (5,086) (9,002)
Investment in trading securities (446,674) (148,941)
Release of investment in an equity investee 335,000
Loans made to a related party (317,710) (100,000)
Collection of borrowings from a related party 20,000 1,500
Net cash (used in) provided by investing activities (749,470) 78,557
Cash flows from financing activities:    
Proceeds from issuance of ordinary shares pursuant to a private placement 2,343,792
Net cash provided by financing activities 2,343,792
Net increase (decrease) in cash 1,510,134 (1,282,551)
Cash, beginning of period 606,022 1,750,137
Cash, end of period 2,116,156 467,586
Supplemental disclosure of cash flow information:    
Cash paid for interest expenses
Cash paid for income tax 14,515
Supplemental disclosure of Non-cash investing and financing activities    
Issuance of ordinary shares to settle payroll payable due to a management 349,875,000,000
Waive of liabilities by a related party 712,258,000,000
Right-of-use assets obtained in exchange for operating lease obligations 109,492
Disposal of right-of-use assets with decrease of operating lease obligations $ 799,232