v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended 12 Months Ended
Apr. 30, 2025
Jul. 31, 2024
Cash flows from operating activities:    
Net loss $ (3,859,571) $ (1,840,689)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 6,282 89,007
Amortization of right of use assets 9,000 265,042
Loss on disposal of property and equipment 53,765
Loss from early termination of an operating lease 13,000 7,600
Loss from investment in trading securities 2,538,592 338,255
Changes in operating assets and liabilities:    
Accounts receivable (50,000) 450,000
Accounts receivable - related parties 600,000
Deposits 3,000 (13,000)
Prepaid expenses and other current assets 100,133 214,846
Deferred revenue (70,000)
Taxes payable (14,515)
Accrued expenses and other current liabilities (948,969) 178,994
Lease liabilities (289,728)
Net cash used in operating activities (2,134,768) (84,188)
Cash flows from investing activities:    
Purchases of property and equipment (5,086)
Investment in short-term investments 362,075 (446,674)
Loans made to a related party (317,710)
Collection of borrowings from a related party 300,000 20,000
Net cash provided by (used in) investing activities 662,075 (749,470)
Cash Flows from Financing Activities:    
Proceeds from issuance of ordinary shares 6,904,719 2,343,792
Net cash provided by financing activities 6,904,719 2,343,792
Effect of Exchange Rate Changes on Cash
Net increase in Cash 5,432,026 1,510,134
Cash, beginning of period 1,249,376 606,022
Cash, end of period 6,681,402 2,116,156
Supplemental disclosure of cash flow information:    
Cash paid for interest expenses
Cash paid for income tax 14,515
Supplemental disclosure of Non-cash financing activities    
Issuance of ordinary shares to settle payroll payable due to a management 349,875
Waive of liabilities by a related party 712,258
Disposal of right-of-use assets with decrease of operating lease obligations 799,232
Capital contribution from a shareholder in the form of trading securities $ 3,611,000