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CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 31, 2020
Oct. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 6,137,689 $ 6,243,029
Restricted cash 785,806 723,557
Accounts receivable 1,247,059 173,055
Deferred offering costs 895,567 483,647
Prepaid expenses and other current assets 494,476 464,856
Total Current Assets 9,560,597 8,088,144
NON-CURRENT ASSETS:    
Security deposit - noncurrent portion 7,419 6,569
Property and equipment, net 15,097 20,464
Intangible assets, net 160,219 170,348
Right-of-use assets, operating leases, net 317,141 124,101
Total Non-current Assets 499,876 321,482
Total Assets 10,060,473 8,409,626
CURRENT LIABILITIES:    
VAT and other taxes payable 548,630 318,871
Accrued liabilities and other payables 310,105 187,074
Due to related parties 241,097 207,081
Current portion 170,082 77,581
Operating lease liabilities - related party 18,737 0
Total Current Liabilities 1,288,651 790,607
NON-CURRENT LIABILITIES:    
Operating lease liabilities - noncurrent portion 123,404 40,125
Operating lease liabilities - related party - noncurrent portion 9,705 0
Total Non-current Liabilities 133,109 40,125
Total Liabilities 1,421,760 830,732
Commitments and Contingencies - (Note 15)
TIAN RUIXIANG Holdings Ltd Shareholders' Equity:    
Ordinary shares, $0.001 par value; 50,000,000 shares authorized; 5,000,000 shares issued and outstanding at October 31, 2020 and 2019 5,000 5,000
Additional paid-in capital 7,696,468 7,691,468
Retained earnings 884,076 301,250
Statutory reserve 170,066 118,789
Accumulated other comprehensive loss - foreign currency translation adjustment (117,392) (538,087)
Total TIAN RUIXIANG Holdings Ltd shareholders' equity 8,638,218 7,578,420
Non-controlling interest 495 474
Total Equity 8,638,713 7,578,894
Total Liabilities and Equity $ 10,060,473 $ 8,409,626