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Accrued Expenses and Other Current Liabilities (Details) - Schedule of accrued expenses and other current liabilities - USD ($)
Oct. 31, 2022
Jul. 31, 2022
Schedule of Accrued Expenses and Other Current Liabilities [Abstract]    
Investment securities payable [1] $ 1,466,490
Due to third parties [2] 2,450,000 500,000
Accrued legal liabilities 84,823 125,676
Accrued payroll expenses 110,129 51,623
Others 67,548 130,982
Total $ 2,712,500 $ 2,274,771
[1] During the year ended July 31, 2022, ATIF LP borrowed certain investment securities from an investment bank as a trading strategy. As of July 31, 2022, the balance represented the fair value of investment securities owned to the investment bank. On August 1, 2022, the Company disposed of ATIF GP, and ceased to be the investment manager of ATIF LP, and the balance of investment securities payable decreased zero as of October 31, 2022.
[2] The balance due to third parties represented the proceeds collected from certain third parties, which purchased portion of the Company’s long-term investments. As of October 31, 2022 and July 31, 2022, the purchase was not closed and the Company recorded the proceeds in the account of accrued expenses and other current liabilities.