v3.26.3
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jul. 31, 2026
Jul. 31, 2025
Jul. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (4,131,668) $ 3,828,563 $ 5,977,639
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Share-based compensation 1,994,408
Depreciation and amortization 2,560,907 2,673,255 2,067,706
Impairment of advance to game developers 2,635,761 3,147,411 401,451
Impairment of prepaid royalties 483,149
Minimum guarantee carried over by licensor (30,522)
Impairment of investments in films and television programs 46,453
Amortization of right-of-use assets 2,881,333 2,455,211 1,634,833
Loss from termination of operating lease agreement 33,055
Loss (gain) from disposal, derecognition and impairment of property, equipment and software 31,543 21,332 (19,931)
Foreign currency exchange (gain) loss, net (726,079) 450,964 (742,819)
Deferred income tax (benefit) expense (2,399,972) 507,034 1,734,765
Changes in operating assets and liabilities:      
Accounts receivable, net (352,516) (33,896) 12,495
Amount due from related parties (9,414)
Prepaid expenses and other current assets, net (749,702) (630,207) (1,536,692)
Advance to game developers, net (6,007,955) (3,946,469) (4,559,682)
Prepaid royalties, net (1,380,447) (2,024,883) (2,105,413)
Other non-current assets (350,040) (80,476) 374,397
Accounts payable 29,205 (939,611) (811,959)
Accrued advertising expenses 4,438,296 (2,948,326) 931,036
Tax payable 1,500,692 (518,420) 149,583
Accrued expenses and other current liabilities (200,322) 87,188 (13,896)
Operating lease liabilities (2,851,219) (2,501,114) (1,898,561)
Amount due to related parties (39,282) 47,615 (53,758)
Net cash (used in) provided by operating activities (3,156,993) 111,375 1,587,647
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (408,305) (584,668) (710,457)
Proceeds from disposal of property and equipment 25,723 28,109 106,374
Investments in films and television programs (149,345) (258,882) (569,647)
Purchase of intangible assets and capitalized software development costs (4,131,713) (9,947)
Advances to third-party loan (410,000)
Proceeds from due from related parties 55,351
Net cash used in investing activities (4,663,640) (1,180,037) (1,173,730)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from shareholder’s contribution 22,202
Proceeds from issuance of ordinary shares in IPO, net of underwriting discounts and issuance costs deducted at closing 10,645,000
Proceeds from exercise of share options 6,473
Payment of other offering costs (114,671) (1,134,538)
Net cash provided by (used in) financing activities 10,536,802 (1,112,336)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (24,605) (44,017) (812,504)
Net change in cash, cash equivalents and restricted cash 2,691,564 (2,225,015) (398,587)
Cash, cash equivalents and restricted cash, beginning of the year 12,369,250 14,594,265 14,992,852
Cash, cash equivalents and restricted cash, end of the year 15,060,814 12,369,250 14,594,265
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets:      
Cash and cash equivalents 14,437,097 12,208,630 14,461,251
Restricted cash – current 125,812 160,620 133,014
Restricted cash – noncurrent 497,905
Total cash, cash equivalents and restricted cash 15,060,814 12,369,250 14,594,265
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Income taxes paid (refunded), net (292,899) 4,527 6,928
Cash paid for amounts included in the measurement of operating lease liabilities 3,139,813 2,602,143 1,969,440
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Right-of-use assets obtained in exchange for operating lease liabilities 2,431,609 5,129,642 1,685,257
Derecognition of right-of-use assets and lease liabilities on lease termination 516,625
Purchases of property and equipment included in accrued expenses and payables 25,563
Prepayments transferred to property and equipment 91,103
Class A ordinary shares issued to IPO consulting firm charged to additional paid-in capital as offering costs 142,080
Deferred offering costs charged to additional paid-in capital upon completion of the IPO 1,454,223
Share option exercise proceeds receivable $ 6,262