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Organization and Description of Business | 3 Months Ended
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Oct. 31, 2022
Organization and Description of Business [Abstract] |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS ATIF Holdings Limited (“ATIF” or the “Company”), formerly known as Eternal Fairy International Limited and Asia Times Holdings Limited, was incorporated under the laws of the British Virgin Islands (“BVI”) on January 5, 2015, as a holding company to develop business opportunities in the People’s Republic of China (the “PRC” or “China”). The Company adopted its current name on March 7, 2019. On October 6 and October 7, 2022, ATIF Inc., a wholly owned subsidiary of ATIF, incorporated ATIF Business Consulting LLC (“ATIF BC”) and ATIF Business Management LLC (“ATIF BM”) under the laws of the State of California of the United States, respectively. On October 3, 2022, ATIF incorporated ATIF Southern LLC under the laws of California of the United States. On April 25, 2022, the Company incorporated ATIF Investment Limited (“ATIF Investment”) under the laws of BVI. On December 22, 2021, ATIF Inc. incorporated ATIF BD LLC (“ATIF BD”) under the laws of California of the United States. On August 1, 2022, the Company entered into a sales agreement with a third party, pursuant to which the Company sold all of its equity interest in ATIF GP at the cost of $50,000. The management believed the disposition does not represent a strategic shift because it is not changing the way it is running its consulting business. The Company has not shifted the nature of its operations. The termination is not accounted as discontinued operations in accordance with ASC 205-20. Upon the closing of the Agreement, ATIF GP is no longer our subsidiary and ATIF USA ceased to be the investment manager of ATIF LP. As of October 31, 2022, the Company’s unaudited condensed consolidated financial statements reflect the operating results of the following entities:
Name of Entity |  |  | Date of Incorporation |  |  | Place of Incorporation |  |  | % of Ownership |  |  | Principal Activities |
Parent company: |  |  |  |  |  |  |  |  |  |  |  |  |
ATIF Holdings Limited (“ATIF”) |  |  | January 5, 2015 |  |  | British Virgin Islands |  |  | Parent |  |  | Investment holding |
Wholly owned subsidiaries of ATIF |  |  |  |  |  |  |  |  |  |  |  |  |
ATIF Inc. (“ATIF USA”) |  |  | October 26, 2020 |  |  | USA |  |  | 100% |  |  | Consultancy and information technology support |
ATIF Investment LLC (“ATIF Investment”) |  |  | April 25, 2022 |  |  | BVI |  |  | 100% |  |  | Consultancy and information technology support |
ATIF Southern LLC |  |  | October 3, 2022 |  |  | USA |  |  | 100% |  |  | Consultancy and information technology support |
ATIF BD |  |  | December 22, 2021 |  |  | USA |  |  | 100% owned by ATIF USA |  |  | Consultancy and information technology support |
ATIF BC |  |  | October 6, 2022 |  |  | USA |  |  | 100% owned by ATIF USA |  |  | Consultancy and information technology support |
ATIF BM |  |  | October 6, 2022 |  |  | USA |  |  | 100% owned by ATIF USA |  |  | Consultancy and information technology support |

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- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -URI https://asc.fasb.org/topic&trid=2122149 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI https://asc.fasb.org/topic&trid=2197479 + Details
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