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Long-Term Investment (Tables)

3 Months Ended

Oct. 31, 2022

Schedule of long-term investment represented equity investment without readily determinable fair value

	October 31, 2022		July 31, 2022
	(unaudited)
Solarever Tecnologia de America S.A. de C.V. (“Solarever”) (a)	$	275,000	$	185,000
Armstrong Logistic Inc. (“Armstrong”) (b)		151,294		150,000
	$	426,294	$	335,000

(a)

In April 2022, ATIF Investment entered into an equity investment agreement with Solarever, pursuant to which the Company would make investment of $2 million in exchange of 5.25% equity interest in Solarever. The investment was solely used to cover professional and legal fees during going public by Solarever. As of October 31, 2022 and July 31, 2022, ATIF Investment had investment of $275,000, or 0.73% and $185,000, or 0.49%, respectively, over equity interest in Solarever.

(b)

In May 2022, ATIF Investment entered into an equity investment agreement with Armstrong, pursuant to which the Company would make investment of $2 million in exchange of 12% equity interest in Armstrong. The investment was solely used to cover professional and legal fees during going public by Armstrong. As of October 31, 2022 and July 31, 2022, ATIF Investment made investment of $151,294 or 0.90% and $150,000 or 0.90%, respectively, over equity interest in Armstrong.