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v3.22.2.2

Prepaid Expenses and Other Current Assets (Tables) | 3 Months Ended
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Oct. 31, 2022
Prepaid Expense and Other Assets, Current [Abstract] |
Schedule of prepaid expenses and other current assets |
|  | October 31, 2022 |  |  | July 31, 2022 |
|  | (unaudited) |  |  |  |
Prepayment for advertising service fee (a) |  | $ | 600,000 |  |  | $ | 600,000 |
Due from the buyer of ATIF GP |  |  | 50,000 |  |  |  | - |
Advance to vendors |  |  | 10,000 |  |  |  | 10,000 |
Others |  |  | - |  |  |  | 41,210 |
Total |  | $ | 660,000 |  |  | $ | 651,210 |
(a) | Prepayment for advertising services represent the advance payments made by the Company to a third party advertising company for producing advertising contents. These prepayments are typically expensed over the period when the services are performed.

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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- References No definition available. + Details
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