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Related Party Transactions
 3 Months Ended
Oct. 31, 2022
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 11 – RELATED PARTY TRANSACTIONS

 

On May 31, 2022, Huaya became a related party of the Company upon transfer of equity interest in Huaya to Mr. Pishan Chi, who was a former CEO of the Company. In May 2022, Huaya engaged the Company to provide consulting services for its customers. As of October 31, 2022 and July 31, 2022, the Company had accounts receivable of $762,000 and $762,000 due from Huaya.

 

For the three months ended October 31, 2022, the Company make loans of $100,000 to Huaya to support its operations. The loans were interest free and was repayable on demand. As of October 31, 2022, the Company had loans due from Huaya of $98,500, which was recorded in the account of “due from a related party”.