10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: April 30, 2021

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ____ to ________

Commission File Number: 000-54439

HARTFORD GREAT HEALTH CORP.
(Exact Name of Registrant as Specified in its Charter)

Nevada

(State or other jurisdiction of incorporation or organization)

51-0675116

(I.R.S. Employer Identification Number)

8832 Glendon Way, Rosemead, California 91770

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number including area code: (626)321-1915

Former name, former address, and former fiscal year, if changed since last report

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [X] No [  ]

Indicate by checkmark whether the registrant is a large accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [  ]	Accelerated filer [  ]
Non-accelerated filer [  ]	Smaller reporting company [X]
Emerging growth company [X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, par value $0.001 par value	HFUS	OTC Markets Group

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 100,108,000 shares of common stock outstanding as of June 14, 2021.

Index

		Page
Part I - FINANCIAL INFORMATION
Item 1.	Unaudited Consolidated Financial Statements
	Condensed Consolidated Balance Sheets as of April 30, 2021 (unaudited) and July 31, 2020	3
	Condensed Consolidated Statements of Operations (unaudited) for the three months and nine months ended April 30, 2021 and 2020	4
	Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) for the three months and nine months ended April 30, 2021 and 2020	5
	Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit)	6
	Condensed Consolidated Statements of Cash Flows (unaudited) for the nine months ended April 30, 2021 and 2020	7
	Notes to Condensed Consolidated Financial Statements (unaudited)	8
Item 2.	Management’s Discussion and Analysis or Plan of Operation	19
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	22
Item 4.	Controls and Procedures	22
Part II - OTHER INFORMATION
Item 1.	Legal Proceedings	23
Item 1A.	Risk Factors	23
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	23
Item 3.	Defaults Upon Senior Securities	23
Item 4.	Mine Safety Disclosures	23
Item 5.	Other Information	23
Item 6.	Exhibits	23
SIGNATURES		24

2

HARTFORD GREAT HEALTH CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

	April 30, 2021			July 31, 2020
	(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents	$	64,585		$	36,604
Prepaid and other current receivables		274,623			173,819
Related party receivables		30,277			753,076
Inventories		323,194			-
Total Current Assets		692,679			963,499
Non-Current Assets
Restricted cash, noncurrent		26,515			28,673
Property and equipment, net		586,483			467,881
Goodwill		71,629			-
ROU assets-operating lease		5,146,679			4,499,693
Other assets		377,614			329,235
Total Non-current Assets		6,208,920			5,325,482
TOTAL ASSETS	$	6,901,599		$	6,288,981
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Related party loan and payables	$	3,831,330		$	2,966,651
Current operating lease liabilities		1,051,972			739,352
Other current payable		1,339,589			617,119
Total Current Liabilities		6,222,891			4,323,122
Long-term loan from related party		649,677			-
Lease liabilities, noncurrent		4,699,657			4,253,050
TOTAL LIABILITIES		11,572,225			8,576,172
Commitments and contingencies (Note 15)		-			-
Stockholders’ Equity
Preferred stock - $0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding		-			-
Common stock - $0.001 par value, 300,000,000 shares authorized, 100,108,000 and 99,108,000 shares issued and outstanding as of April 30, 2021 and July 31, 2020, respectively		100,108			99,108
Additional paid-in capital		2,173,521			2,154,521
Accumulated deficit		(5,205,412	)		(3,568,185	)
Accumulated other comprehensive loss		(220,456	)		(55,146	)
Noncontrolling interest		(1,518,387	)		(917,489	)
Total Stockholders’ Deficit		(4,670,626	)		(2,287,191	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	6,901,599		$	6,288,981

The accompanying notes are an integral part of these condensed consolidated unaudited financial statements.

3

HARTFORD GREAT HEALTH CORP.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

	Three months ended						Nine months ended
	April 30,						April 30,
	2021			2020			2021			2020
Service revenues	$	137,892		$	10,310		$	320,204		$	66,219
Cost of revenues		99,998			4,329			219,276			43,366
Gross Profit		37,894			5,981			100,928			22,853
Operating expenses
Depreciation and amortization		26,039			9,209			60,662			28,441
Selling, general and administrative		598,813			411,396			2,253,785			1,306,674
Goodwill impairment		-			-			-			991,803
Total Operating Expenses		624,852			420,605			2,314,447			2,326,918
Operating Loss		(586,958	)		(414,624	)		(2,213,519	)		(2,304,065	)
Other Income (Expense)
Interest (expense) income, net		(11,747	)		3,853			(15,574	)		11,838
Gain on disposal of subsidiary		-			-			104,317			-
Other income (expense), net		256			135			1,829			(115	)
Other (Expense) Income, Net		(11,491	)		3,988			90,572			11,723
Loss before income taxes		(598,449	)		(410,636	)		(2,122,947	)		(2,292,342	)
Income Tax Expense		-			-			800			800
Net Loss		(598,449	)		(410,636	)		(2,123,747	)		(2,293,142	)
Less: net loss attributable to noncontrolling Interest		(130,040	)		(108,680	)		(486,520	)		(506,697	)
Net Loss Attributable to Hartford Great Health Corp	$	(468,409	)	$	(301,956	)	$	(1,637,227	)	$	(1,786,445	)
Net loss per common share:
Basic and Diluted	$	(0.00	)	$	(0.00	)	$	(0.02	)	$	(0.02	)
Weighted average shares outstanding:
Basic and diluted		100,108,000			99,108,000			99,683,092			99,108,000

The accompanying notes are an integral part of these condensed consolidated unaudited financial statements.

4

HARTFORD GREAT HEALTH CORP.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited)

	Three months ended						Nine months ended
	April 30,						April 30,
	2021			2020			2021			2020
Net Loss	$	(468,409	)	$	(301,956	)	$	(1,637,227	)	$	(1,786,445	)
Other Comprehensive Income (Loss), Net of income tax
Foreign currency translation adjustments		31,991			10,890			(217,590	)		(50,336	)
Total other comprehensive income (loss)		31,991			10,890			(217,590	)		(50,336	)
Less： total other comprehensive income (loss) attributable to noncontrolling interest		8,731			3,143			(52,280	)		(14,528	)
Total Other Comprehensive Income (Loss) Attributable to Hartford Great Health Corp		23,260			7,747			(165,310	)		(35,808	)
Total Comprehensive Loss	$	(445,149	)	$	(294,209	)	$	(1,802,537	)	$	(1,822,253	)

The accompanying notes are an integral part of these condensed consolidated unaudited financial statements.

5

HARTFORD GREAT HEALTH CORP.

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

	Common Stock				Additional Paid - in		Accumulated			Accumulated Other Comprehensive			Noncontrolling			Total Stockholders’ Equity
	Shares		Amount		Capital		(Deficit)			loss			Interest			(Deficit)
Balance, July 31, 2020		99,108,000	$	99,108	$	2,154,521	$	(3,568,185	)	$	(55,146	)	$	(917,489	)	$	(2,287,191	)
Net (loss)		-		-		-		(1,637,227	)		-			(486,520	)		(2,123,747	)
Issuance of common stock		1,000,000		1,000		19,000		-			-			-			20,000
Disposal of subsidiary		-		-		-		-			-			(62,098	)		(62,098	)
Foreign currency translation adjustment		-		-		-		-			(165,310	)		(52,280	)		(217,590	)
Balance, April 30, 2021 (unaudited)		100,108,000	$	100,108	$	2,173,521	$	(5,205,412	)	$	(220,456	)	$	(1,518,387	)	$	(4,670,626	)

	Common Stock				Additional Paid - in		Accumulated			Accumulated Other Comprehensive			Noncontrolling			Total Stockholders’ Equity
	Shares		Amount		Capital		(Deficit)			loss			Interest			(Deficit)
Balance, July 31, 2019		99,108,000	$	99,108	$	2,154,521	$	(916,816	)	$	(6,392	)	$	(81,141	)	$	1,249,280
Net (loss)		-		-		-		(1,786,445	)		-			(506,697	)		(2,293,142	)
Disposal of noncontrolling interest		-		-		-		-			-			(15,583	)		(15,583	)
Contribution from noncontrolling interest		-		-		-		-			-			7,106			7,106
Foreign currency translation adjustment		-		-		-		-			(35,808	)		(14,528	)		(50,336	)
Balance, April 30, 2020 (unaudited)		99,108,000	$	99,108	$	2,154,521	$	(2,703,261	)	$	(42,200	)	$	(610,843	)	$	(1,102,675	)

The accompanying notes are an integral part of these condensed consolidated unaudited financial statements.

6

HARTFORD GREAT HEALTH CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)

	Nine months ended
	April 30,
	2021			2020
				(Restated)
Cash flows from operating activities:
Net loss including noncontrolling interests	$	(2,123,747	)	$	(2,293,142	)
Adjustments to reconcile net loss including noncontrolling interests to net cash (used in) operating activities:
Depreciation and amortization		60,662			28,441
Disposal of subsidiary, excluding noncontrolling interest		(43,505	)		-
Disposal of noncontrolling interest		(60,812	)		(4,964	)
Loss on disposal of property and equipment		755			6,640
Goodwill impairment		-			988,446
Changes in operating assets and liabilities:
Prepaid and Other current receivables		(75,917	)		196,907
Inventories		(297,558	)		-
Other assets		(45,456	)		(35,251	)
Related party receivables and payables		26,308			74,011
Other current payables		572,873			340,060
Operating lease assets and liabilities		74,147			81,335
Other liabilities		20,193			(1,868	)
Net cash (used in) operating activities		(1,892,057	)		(619,385	)
Cash flows from investing activities:
Cash proceeds from acquisitions		27,738			-
Cash paid in acquisitions		(15,103	)		-
Disposal of subsidiary		(30,116	)		-
Purchases of property and equipment		(137,516	)		(227,795	)
Net cash (used in) investing activities		(154,997	)		(227,795	)
Cash flows from financing activities:
Contribution from noncontrolling interest		-			7,080
Proceeds from issuance of common stock		20,000			-
Proceeds of related party notes payable		125,000			-
Principal payments on finance lease		(21,900	)		(19,824	)
Advances from related parties		1,941,842			621,421
Net cash provided by financing activities		2,064,942			608,677
Effect of exchange rate changes on cash		7,935			(3,229	)
Net change in Cash, cash equivalents and restricted cash		25,823			(241,732	)
Cash, cash equivalents and restricted cash at beginning of period		65,277			298,724
Cash, cash equivalents and restricted cash at end of period	$	91,100		$	56,992
Supplemental Cash Flow Information
Interest paid	$	-		$	-
Income taxes paid	$	800		$	800
Non-cash investing and financing activities:
Payable to acquiree	$	10,462		$	-
Investment return through three-party settlement	$	759,947		$	-

The accompanying notes are an integral part of these condensed consolidated unaudited financial statements.

7

HARTFORD GREAT HEALTH CORP.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies is presented to assist in understanding the Company’s financial statements. The financial statements and notes are the responsibility of the Company’s management. These accounting policies conform to accounting principles generally accepted in the United States of America (“US GAAP”) and have been consistently applied in the preparation of the financial statements. This disclosure should be read in conjunction with our audited financial statements for the year ended July 31, 2020, including footnotes, contained in our Annual Report on Form 10-K,

Organization

Hartford Great Health Corp. was originally incorporated in the State of Nevada on April 2, 2008 under the name PhotoAmigo, Inc. It changed its name to Hartford Great Health Corp. on August 22, 2018 and since then we have been engaged in activities to formulate and implement our business plans.

Through its wholly owned subsidiary - Hangzhou Hartford Comprehensive Health Management, Ltd (“HZHF) and HZHF’s 60 percent owned subsidiary - Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. (“HZLJ”), and through Shanghai Hartford Comprehensive Health Management, Ltd. (“HFSH”) and its 90 percent owned subsidiary - Shanghai Qiao Garden International Travel Agency (“Qiao Garden Int’l Travel”), the Company engages in hospitality industry in China. Qiao Garden Int’l Travel was disposed on December 31, 2020, see note 4 Acquisitions, Joint Ventures and Deconsolidation.

The Company started to engage in early childhood education industry at Hartford International Education Technology Co., Ltd (“HF Int’l Education”), a 75.5% ownership subsidiary of HFSH on March 2019. On July 24, 2019 and March 23, 2020, HF Int’l Education established two 100% owned subsidiaries, Pudong Haojin Childhood Education Ltd. (“PDHJ”) and Shanghai Hongkou HaiDeFuDe Childcare Co., Ltd.(“HDFD”), respectively, to operate the early childhood education service under the brand name of “HaiDeFuDe” in Shanghai, China. On July 20, 2020, HF Int’l Education entered an agreement with two individuals to acquire the whole ownership of Shanghai Gelinke Childcare Education Center (“Gelinke”).

Basis of Presentation

The consolidated financial statements include the accounts of Hartford Great Health Corp, its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest. The Company reports noncontrolling interests of the consolidated entities as a component of equity separate from the Company’s equity. All material inter-company transactions between and among the Company and its consolidated subsidiaries have been eliminated in the consolidation. The Company’s net income (loss) excludes income (loss) attributable to the noncontrolling interests.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires the Company’s management to make estimates and assumptions that affect the amounts of assets and liabilities, the identification and disclosure of impaired assets and contingent liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications

Certain amounts on the prior-year consolidated balance sheet, consolidated statement of operations and cash flows were reclassified to conform to current-year presentation, with no effect on ending stockholders’ equity.

8

Income Taxes: The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

On December 22, 2017, the President of the United States signed into law the Tax Reform Act. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. In addition, the 2017 Tax Act also creates a new requirement that certain income (i.e., Global Intangible Low-Taxed Income (“GILTI”)) earned by controlled foreign corporations (“CFCs”) must be included in the gross income of the CFCs’ U.S. shareholder income. The tax law in PRC applies an income tax rate of 25% to all enterprises. The Company’s subsidiary does not receive any preferential tax treatment from local government. The Company has been in loss position for years and zero amount of tax provisions, including GILTI. Deferred tax assets as of the reporting periods ended were fully reserved for valuation allowance as they are more likely than not to be realized.

Revenue Recognition

The Company adopted ASC Topic 606 Revenue from Contracts with Customers (“Topic 606) on August 1, 2018, applying the modified retrospective method to all contracts that were not completed as of August 1, 2018. The Company is building up its core business upon the completion of multiple acquisitions on March 2019 and impact of COVID-19 pandemic, limited operations occurred during the three months and nine months ended April 30, 2021 and 2020. The revenue during the three months and nine months ended April 30, 2021 and 2020, were mainly generated from HZLJ and HF Int’l Education and their subsidiaries.

Revenue is recognized when control of promised goods or services is transferred to our customers in an amount of consideration to which we expect to be entitled to in exchange for those goods or services. We follow the five steps approach for revenue recognition under Topic 606: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) we satisfy a performance obligation.. Billings to customers for which services are not rendered are considered deferred revenue. ASC 606 has no material impacts on the Company’s financial positions. The Company’s revenue is recognized when it satisfies a single performance obligation by transferring control of its products or providing services to a customer. The Company’s general payment terms are short-term in duration. The Company does not have significant financing components or payment terms. The Company recorded unearned revenue, amount of $431,326 and $75,861 as of April 30, 2021 and July 31, 2020, respectively.

a.

Early childhood education services: HF Int’l Education generates revenue from childhood education classes provided to its customers. The educational services consist of parent-child and bilingual childcare classes. Each contract of educational classes is accounted for as a single performance obligation which is satisfied proportionately over the service period. Tuition fee is generally collected in advance and is initially recorded as deferred revenue. Refunds are provided to parents if they decide within the trial period that they no longer want to take the class. After the trial period, if a parent withdraws from a class, usually only that unearned portion of the fee is available to be returned.

b.

Hospitality services: HZLJ generates revenue primarily from the room rentals, sale of food and beverage and other miscellaneous hospitality services. The Company recognizes room rental and services daily as services are provided. Under ASC 606, the pattern and timing of recognition of income from hotel facility is consistent with the prior accounting model.

Recent Accounting Pronouncements.

Recently adopted accounting pronouncements

In January 2017, the FASB issued ASU No. 2017-04, “Intangibles and Other (Topic 350): Simplifying the Test for Goodwill Impairment”, which eliminates the requirement to calculate the implied fair value of goodwill, but rather requires an entity to record an impairment charge based on the excess of a reporting unit’s carrying value over its fair value. This amendment is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company early adopted ASU No. 2017-04 on January 31, 2020. Management determined the goodwill generated from HZLJ and HFSH acquisition was fully impaired as of January 31, 2020.

9

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. ASU No. 2016-02 requires the recognition of lease assets and lease liabilities on the balance sheet for leases classified as operating leases under previous guidance. The accounting for finance leases (capital leases) was substantially unchanged. The original guidance required application on a modified retrospective basis with adjustments to the earliest comparative period presented. In August 2018, the FASB issued ASU No. 2018-11, “Targeted Improvements to ASC 842,” which included an option to not restate comparative periods in transition and elect to use the effective date of ASU No. 2016-02 as the date of initial application, which the Company elected. As a result, the consolidated balance sheet prior to August 1, 2019 was not restated, and continues to be reported under previous guidance that did not require the recognition of operating lease liabilities and corresponding lease assets on the consolidated balance sheet. The cumulative effect of the changes made to our Condensed Consolidated Balance Sheet at August 1, 2019 for the adoption of the new lease standard was as follows:

	Balance at					Balance at
	July 31, 2019		Adjustments			August 1, 2019
Assets:
Prepaid and Other current receivables		386,700		(74,197	)		312,503
ROU assets-Operating lease		—		4,185,827			4,185,827
Liabilities:
Current Operating Lease liabilities		—		651,424			651,424
Operating lease liabilities		—		3,481,229			3,481,229

The adoption of ASU No. 2016-02 had an immaterial impact on the Company’s consolidated statement of operation and consolidated statement of cash flows for the year ended July 31, 2020. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed the Company to carry forward the historical lease classification, not reassess prior conclusions related to expired or existing contracts that are or that contain leases, and not reassess the accounting for initial direct costs. Operating leases with a term of 12 months or less will not be recorded on the Consolidated Balance Sheet. Additional information and disclosures required by ASU No. 2016-02 are contained in Note 12 Leases.

Recently issued accounting pronouncements not yet adopted

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses”. The standard, including subsequently issued amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10 and ASU 2019-11), requires a financial asset measured at amortized cost basis, such as accounts receivable and certain other financial assets, to be presented at the net amount expected to be collected based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. In November 2019, the FASB issued ASU No. 2019-10 to postpone the effective date of ASU No. 2016-13 for public business entities eligible to be smaller reporting companies defined by the SEC to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is evaluating the impact of this guidance on its consolidated financial statements.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes which is intended to simplify various aspects related to accounting for income taxes. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the effects of the standard on our consolidated financial statements and related disclosures.

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The standard provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions in which the reference LIBOR or another reference rate are expected to be discontinued as a result of the Reference Rate Reform. The standard is effective for all entities. The standard may be adopted as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020 through December 31, 2022. The Company is currently evaluating the effects of the standard on our consolidated financial statements and related disclosures.

NOTE 2. GOING CONCERN

The accompanying financial statements were prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of obligations in the normal course of business. However, Hartford Great Health Corp. has incurred losses since inception, resulting in an accumulated deficit of $5,205,412 as of April 30, 2021. These conditions raise substantial doubt about the ability of Hartford Great Health Corp. to continue as a going concern.

In view of these matters, continuation as a going concern is dependent upon several factors, including the availability of debt or equity funding upon terms and conditions acceptable to Hartford Great Health Corp., and ultimately achieving profitable operations. Management believes that Hartford Great Health Corp.’s business plan provides it with an opportunity to continue as a going concern. However, management cannot provide assurance that Hartford Great Health Corp. will meet its objectives and be able to continue in operation.

The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of Hartford Great Health Corp. to continue as a going concern.

10

NOTE 3. RESTATEMENTS

The Company has concluded that the Company’s previously reported unaudited consolidated statements of cash flows for the nine months ended April 30, 2020 incorrectly presented some funding support from related parties under operating activities, upon reflection and further analysis, which would be more accurate to be accounted for financing activities.

Restated Consolidated Statement of Cash Flow (adjusted line items):

	For the nine months ended April 30, 2020
	As previously reported			As restated			Changes
Cash flows from operating activities:
Related party receivables and payables		695,432			74,011			621,421
Net cash provided by (used in) operating activities		2,036			(619,385	)		621,421
Cash flows from financing activities:
Advances from related parties		-			621,421			(621,421	)
Net cash (used in) provided by financing activities		(12,744	)		608,677			(621,421	)

NOTE 4. ACQUISITIONS, JOINT VENTURES AND DECONSOLIDATION

Joint Venture – HF Int’l Education

On March 22, 2019, HFSH entered into a joint venture agreement (the “JV agreement”) with Shanghai Jingyu Education Tech Ltd. (“SH Jingyu”) and one individual investor, to form a new entity - HF Int’l Education to provide childcare education services. HFSH initially owned 65.0% ownership HF Int’l Education, which has been decreased to 61.0% from 65.0% during the year ended on July 31, 2020 because of equity transactions between noncontrolling shareholders. On June 19, 2020, the board of HF Int’l Education decided to increase registered capital to RMB10 million from RMB5 million, and three out of four noncontrolling shareholders gave up the subscription rights. As a result, HFSH holds 75.5% of HF Int’l Education and totaling 24.5% equity held by noncontrolling shareholders. The new equity structure became effective upon the approval of the local government on September 10, 2020.

Operation result of HF Int’l Education are included in the Company’s consolidated financial statements commencing on the formation date. The Company classifies the ownership interest held by other four parties as “Noncontrolling interest” on the consolidated balance sheet.

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Acquisition of Gelinke

On July 20, 2020, HF Int’l Education entered an agreement with two individuals to acquire the whole ownership of Shanghai Gelinke Childcare Education Center (“Gelinke”). The intent behind the acquisition is to expand the company’s early childhood education services. The results of operations of the acquired entities are included in the Company’s consolidated financial statements commencing on the acquisition date. The Company has recorded an allocation of purchase price to Gelinke’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair value at the acquisition date. The Company accounted the acquisition transaction in accordance with FASB ASC 805, Business Combinations, under acquisition accounting method. The related transaction costs were immaterial and included in General and administrative expenses in the accompanying consolidated statements of operations. The preliminary calculation of purchase price and purchase price allocation is as follows:

	Assets Acquired and Liabilities Assumed
Cash and cash equivalents		1,809
Restricted Cash		25,009
Prepaid and Other current receivables		4,696
Property and Equipment, net		4,294
Unearned revenue		(78,696	)
Goodwill		67,712
Total consideration*		24,824

*$10,462 (RMB70,000) payable to the acquiree plus $14,362 (RMB100,000) cash payment totaled $24,824 consideration for the acquisition.

Goodwill is mainly attributable to synergies expected from the acquisition of license, list of customers and teacher workforce.

Other Acquisitions

In January and February 2019, HFSH entered agreements to acquire 85 percent ownership of Shanghai Senior Health Consulting Ltd. (“SH Senior”) and 55 percent ownership of Shanghai Pasadena Ltd. (“SH Pasadena”). On December 31, 2020, HFSH withdraw from the two acquisition agreements. No penalty results from the withdrawn.

In January 2019, HFSH entered agreements to acquire 100 percent equity interest of Shanghai Luo Sheng International Trade Ltd. (“SH Luosheng”), As of April 30, 2021, the agreement has not yet taken effect as no consideration has been paid toward this acquisition. The agreement will be executed when the Company is financially ready to move forward, and the purchase price will be calculated based on the net assets of each entity on executing dates. There was no penalty levied or to be levied due to delayed execution or inexecution.

On May and June 2019, the Company entered an agreement and a supplemental agreement to acquire 60 percent equity interest of Shanghai Ren Lai Ren Wang Restaurant Co., Ltd. (“SH RLRW”). The acquisition agreement has not yet taken effect as no consideration has been paid towards the acquisition. On June 12, 2020, the company withdraw from the acquisition by transferring the agreement to an individual with zero price.

Disposal of subsidiary

On December 31, 2020, HFSH disposed its 90 percent owned subsidiary - Qiao Garden Intel Travel to an individual (the “Disposal”). The individual is a relative of the CEO, Qiao Garden Int’l Travel became a related party after deconsolidation. The operation results, assets and liabilities, and cash flows of Qiao Garden Int’l Travel were deconsolidated from the Company’s consolidated financial statements effective on December 31, 2020. The Disposal of Qiao Garden was consummated through a three-party settlement among HFSH, SH Qiaohong and Qiao Garden Intl Travel (the “Three-Party Settlement”): the original investment RMB 4.5 million plus RMB 0.5 million investment income were agreed to returned from Qiao Garden Intel Travel result of the Disposal and settled with a payable due to SH Qiaohong at SHHF, who was a debtor of Qiao Garden Intel Travel, see Note 13, Related Party Transactions.

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Net assets (liabilities) disposed of:

Net assets (liabilities) disposed of:
Cash and cash equivalents	172
Restricted cash	29,944
Related party receivable	782,224
Related party payable	(98,615	)
Other current payable	(3,876	)
Noncontrolling interest	(60,812	)
Net assets of the subsidiary, excluding noncontrolling interest	649,037
Consideration	753,354
Gain on disposal of the subsidiary	(104,317	)
Gain on disposal of noncontrolling interest	(60,812	)
Gain on disposal of the subsidiary, excluding noncontrolling interest	(43,505	)

Net inflow / (outflow) of cash and cash equivalents in respect of the disposal subsidiary:

Cash and cash equivalents	(172	)
Restricted cash	(29,944	)
Cash and cash equivalents deconsolidated	(30,116	)

NOTE 5. RESTRICTED CASH

The Company early adopted Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which requires that restricted cash be included with cash and cash equivalents when reconciling the beginning of year and end of year total amounts shown on the statements of cash flows. The restricted cash is collateral required by the local government in China for business operation certificate Gelinke holds.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the balance sheets that sum to the total of the same such amounts shown in the statements of cash flows.

	April 30, 2021 (unaudited)		April 30, 2020 (unaudited)
Cash and cash equivalents	$	64,585	$	28,567
Restricted cash, noncurrent		26,515		28,425
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	91,100	$	56,992

NOTE 6. PREPAID AND OTHER CURRENT RECEIVABLES

Prepaid and other current receivable amounts of $274,623 and $173,819 as of April 30, 2021 and July 31, 2020, respectively, mainly consist of advances for purchase and decoration project, prepaid rent, employee operating advances and others.

NOTE 7. INVENTORYIES

Inventory mainly consists of books, the early childhood education materials. Inventory is stated at the lower of cost or net realizable value. As of April 30, 2021 and July 31, 2020, inventory balance was $323,194 and nil, respectively.

NOTE 8. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following at April 30, 2021 and July 31, 2020:

	April 30,			July 31,
	2021 (unaudited)			2020
Leasehold improvements	$	199,099		$	181,378
Finance lease assets		290,158			269,304
Furniture and fixtures		272,817			202,241
Office equipment and vehicles		161,220			112,759
Construction in progress		66,915			19,326
		990,209			785,008
Less: accumulated depreciation and amortization		(403,726	)		(317,127	)
	$	586,483		$	467,881

Depreciation expense for the three months and nine months ended April 30, 2021 were $26,039 and $60,662, respectively. Depreciation expense for the three months and nine months ended April 30, 2020 were $3,935 and $12,511, respectively.

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NOTE 9. OTHER ASSETS

Other assets consist of the following at April 30, 2021 and July 31, 2020:

	April 30, 2021 (unaudited)		July 31, 2020
Other miscellaneous assets	$	34,606	$	40,265
Rental deposits		343,008		288,970
Deferred cost of finance lease		-		-
	$	377,614	$	329,235

During 2019 HZLJ acquisition, the cost of obtaining the finance lease of the land use rights and hotel building at HZLJ, in the amount of $879,800 (RMB 6 million) was recognized as Other Assets and subject for amortization over the remaining lease term, 41 years commenced on October 2010. The amortization is computed using the straight-line method over the remaining lease term. Amortization expenses of deferred cost of finance lease for the three months and nine months ended April 30, 2020 were $5,274 and $15,930, respectively. Given the impact of COVID-19 pandemic and the unfavorable operation results, management determined that the deferred cost of finance lease was fully impaired as of July 31, 2020 and $621,963 impairment cost was recorded for the year ended July 31, 2020.

NOTE 10. OTHER CURRENT PAYABLE

The following is a breakdown of the accounts and other payables as of April 30, 2021 and July 31, 2020:

	April 30, 2021 (unaudited)		July 31, 2020
Payable to acquirees	$	151,028	$	130,138
Unearned revenue		431,326		75,861
Rental payables		385,647		252,154
Accrued payroll		90,443		48,534
Payable to publisher		139,020		-
Other payables		142,125		110,432
	$	1,339,589	$	617,119

Payable to acquirees is the unpaid consideration for the acquisitions during 2019 and 2020. Rental payable is accrued for unpaid rent.

NOTE 11. STOCKHOLDERS’ EQUITY

On July 3, 2020, the Company entered a subscription agreement of 1,000,000 shares of common stock (the “Shares”) with a significant shareholder of the Company priced at $0.02 per share. $20,000 subscription was received, and the shares were issued on November 24, 2020. Given the trade volume and level of activities of HFUS stock in the market is very low, for which the market is considered inactive, therefore the quoted market price might not be the best indication of fair value pursuant to ASC 820-10-35, thus, management concluded that the Shares was issued at the fair market value.

NOTE 12. LEASES

At the inception of a contract, the Company assesses whether the contract is, or contains, a lease. Leases are classified as either finance leases or operating leases based on criteria in Accounting Standards Codification (“ASC”) 842. Operating leases are included in ROU assets-Operating lease, Current Operating Lease liabilities and Operating lease liabilities, finance leases are included in Property and Equipment and Other Liabilities in the condensed Consolidated Balance Sheet.

Right-of-use (“ROU”) assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As the lease did not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in China market. ROU assets also include any lease payments made and exclude lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for operating leases, consisting of lease payments, is recognized on a straight-line basis over the lease term. Lease expense for finance leases consists of the amortization of the ROU asset on a straight-line basis over the asset’s estimated useful life and interest expense is calculated using the amortized cost basis.

As of April 30, 2021, the Company has multiple operating leases for office spaces and a finance lease of land and hotel building. Our operating leases have remaining lease terms ranging from two years to six years, with various term extensions available. Our finance lease has remaining lease term of thirty-one years. The Company has elected not to recognize ROU assets and lease liabilities for short-term operating leases that have a term of twelve months or less.

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On June 2018 and January 2019, HFSH and HF Int’l Education entered two lease agreements with Shanghai Longjin Corporate Management Co., Ltd (the “Sublessor”) to lease office spaces (the “Subleases”). HFSH and HF Int’l Education received Notices of Lease Termination from the Sublessor for late payments on April 13, 2020 and filed a civil lawsuit against the Sublessor on July 10, 2020 (see Note 15). And the original lease agreement entered between the Sublessor and the landlord of the office building (the “Landlord”) was terminated by the Landlord on June 1, 2020 due to payment default. The two sublease agreements entered with the Sublessor was terminated on June 1, 2020 and approximately $921,000 ROU and $891,000 lease liability associated with the two Subleases as of May 31, 2020 were eliminated and $29,000 other expenses was recognized as a result. HF Int’l Education entered a new lease agreement with the Landlord on June 1, 2020 for the same office spaces with a five-year term.

On September 1, 2020, Gelinke entered a five-year new lease agreement at the same location upon the completion of the acquisition. Approximately $1.2 million ROU and lease liability, respectively, were recognized with the new lease at lease commencement date.

HZHF terminated its original office lease on January 6, 2021. Approximately $287,000 ROU and $258,000 lease liability associated with the original lease agreement were eliminated. On January 9, 2021, HFHZ entered into a two-year new lease with smaller space at the same location. Approximately $49,000 ROU and lease liability, respectively, were recognized with the new lease at lease commencement date.

The finance lease was obtained through HZLJ acquisition on March 22, 2019. On October 1, 2010, HZLJ took over the lease of the land and hotel building for 41 years. Finance lease right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease.

Lease-related assets and liabilities on April 30, 2021 and July 31, 2020 were as follows:

	April 30,			July 31,
	2021 (unaudited)			2020
Assets
Finance lease right-of-use assets, cost	$	290,158		$	269,304
Less: accumulated amortization		(74,899	)		(64,589	)
Finance lease right-of-use assets, net		215,259			204,715
ROU assets-Operating lease		5,146,679			4,499,693
Total Lease ROU assets	$	5,361,938		$	4,704,408
Liabilities
Current Operating Lease liabilities	$	1,051,972		$	739,352
Operating lease liabilities, noncurrent		4,338,532			3,916,259
Finance lease liabilities, noncurrent		361,125			336,791
Total Lease liabilities	$	5,751,629		$	4,992,402

The components of lease cost for the three months and nine months ended April 30, 2021 and 2020 were as follows:

	Three months ended April 30,				Nine months ended April 30,
	2021 (unaudited)		2020 (unaudited)		2021 (unaudited)		2020 (unaudited)
Operating lease cost	$	356,715	$	268,727	$	1,047,066	$	731,886
Finance leases:
Amortization of ROU assets		1,744		1,582		5,308		4,884
Interest on finance lease liabilities		6,785		6,065		20,652		18,733
Finance lease cost		8,529		7,647		25,960		23,617
Total lease cost	$	365,244	$	276,374	$	1,073,026	$	755,503

Supplemental cash flow information for leases for the nine months ended April 30, 2021 and 2020 was as follows:

	Nine months ended April 30,
	2021 (unaudited)		2020 (unaudited)
Operating cash flows paid for operating leases	$	773,347	$	357,617
Financing cash flows paid for finance leases		21,900		19,824

The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases at April 30, 2021 was as follows:

	Operating Leases			Finance Leases
Weighted-average remaining lease term (years)		4.3			30.3
Weighted-average discount rate		8	%		8	%

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The following table reconciles the undiscounted future minimum lease payments for operating and finance leases executed at April 30, 2021:

	Operating Leases			Finance Leases
2021 (excluding the nine-month ended April 30, 2020)	$	330,710		$	-
2022		1,513,819			23,170
2023		1,465,987			23,942
2024		1,532,968			24,715
2025		1,446,236			25,487
2026 and thereafter		116,245			980,089
Total lease payments	$	6,405,965		$	1,077,403
Less interest		(1,015,461	)		(716,278	)
Present value of future lease payments	$	5,390,504		$	361,125
Including: current lease liabilities		1,051,972			-
noncurrent lease liabilities		4,338,532			361,125

NOTE 13. RELATED PARTY TRANSACTIONS

Related Party Receivables

As of April 30, 2021 and July 31, 2020, amount of $0 and $703,776, respectively, is due from Shanghai Qiaohong Real Estate Co., Ltd. (“SH Qiaohong”), the noncontrolling interest of Longjing. The balance was acquired through HFSH acquisition. HFSH lent the amount to SH Qiaohong for two years on June 21, 2018 bearing annual interest of six percent. On August 1, 2020, the loan has been extended to July 31, 2022. The balance was settled through a Three-way settlement agreement on December 31, 2020, see following “Three-Party Settlement Agreement” paragraph for detail. For the three months and nine months ended April 30, 2021, $0 and $18,535 of interest income were recognized, respectively. For the three months and nine months ended April 30, 2020, $9,175 and $28,128 of interest income were recognized, respectively.

The remaining related party receivable of $30,277 and $49,300 as of April 30, 2021 and July 31, 2020, respectively, represents the operating advances made to the affiliates which are managed by the same management team. These advances do not bear interest and are considered due on demand.

Related Party Payables

As of April 30, 2021 and July 31, 2020, amounts of $610,345 and $674,830, are payable to SH Qiaohong, respectively. Majority of the balance at July 31, 2020 was assumed through HFSH acquisition, under its 90 percent owned entity, Qiao Garden Intl Travel. This payable balance does not bear interest and due on demand. This balance was settled through a Three-way settlement agreement on December 31, 2020, see following “Three-Party Settlement Agreement” paragraph for detail. HFSH obtained approximately $597,000 and $0 funding support from SH Qiaohong for operation, during the nine months ended April 30, 2021 and 2020, respectively. The funding support bears no interest and due on demand.

As of April 30, 2021 and July 31, 2020, amount of $617,866 and $594,965, respectively, is payable to Shanghai Qiao Garden Property Management Group (“Qiao Garden Group”), an entity managed by the same management team. The balance was assumed through HZLJ acquisition. This payable balance does not bear interest and is considered due on demand.

HFSH had payable balances to Shanghai Oversea Chinese Culture Media Ltd. (“SH Oversea”), an entity managed by the same management team, in the amounts of $2,466,720 and $1,012,650 as of April 30, 2021 and July 31, 2020, respectively. The payable is funding support from SH Oversea for operation, bears no interest and due on demand.

From September 2020 to April 2021, the Company borrowed several notes in a total amount of $125,000, in form of a short-term loan at 5% per annum from a related party, Hartford Hotel Investment Inc., an entity managed by the same management team. $1,205 and $2,131 of interest expense were recorded during the three months and nine months ended April 30, 2021, respectively. The unpaid principal and interest will be due on demand.

As of April 30, 2021 and July 31, 2020, the Company has $649,677 and $592,106, respectively, short-term payable to Shanghai DuBian Assets Management Ltd. (“Dubian”), which is owned by the Company’s CEO’s relative. The payable balance was assumed from the acquisition transaction. On April 30, 2019, both parties entered a long-term agreement to convert the payable to a long-term debt, with expiration date on April 30, 2021, bearing approximately 2.5 percent of annual interest. On April 30, 2021, both parties entered a second long-term agreement to extend another two years, with expiration date on April 30, 2023, bearing approximately 4 percent of annual interest. $3,803 and $ 11,461 of interest expense were recognized during the three months and nine months ended April 30, 2021, respectively. $3,517 and $10,784 of interest expense were recognized during the three and nine months ended April 30, 2020, respectively. The unpaid principal and interest will be due on the maturity date. This loan payable is not exposed to market risk due to the stable and fixed interest rates in accordance with the loan agreements. As of April 30, 2021 and July 30, 2020, the estimated fair value of long term loan payable was approximately $648,244 and $591,521, respectively.

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The remaining related party payable of $9,268 and $92,100 as of April 30, 2021 and July 31, 2020, respectively, represents the unpaid portion of operating advances made to the Company by affiliates which are managed by the same management team. These advances do not bear interest and are considered due on demand.

Three-Party Settlement Agreement

On December 31, 2020, a Three-Party Settlement agreement among HFSH, SH Qiaohong and Qiao Garden Intl Travel was entered. Pursuant to the agreement, around $721,000 (RMB$5,031,699) payable due to SH Qiaohong under HFSH was settled with the receivable due from the same related party under Qiao Garden Intel Travel through withdrawal of 90% ownership of Qiao Garden Intl Travel HFSH owned. Total RMB5.0 million including the original investment RMB 4.5 million was withdrawn from Qiao Garden Intel Travel, and $104,317 (RMB697,000) gain on disposal was recognized at disposal date.

Other Related Party Transactions

Office space at Rosemead, CA is provided to Hartford Great Health Corp. at no cost by the sole executive officer. No provision for these costs has been included in these financial statements as the amounts are not material.

On September 30, 2019, HF Int’l Education entered two debt agreements with the related parties, SH Qiao Hong and SH Oversea. Each debt agreement provides a line of credit up to RMB9.0 million with two-year term, bearing 3.0% annum interest rate. The unpaid principal and interest will be due on the maturity dates. As of April 30, 2021, no balance was withdrawn from the two line of credits by HF Int’l Education.

NOTE 14. NONCONTROLLING INTERESTS

Noncontrolling interests consisted of the following as of April 30, 2021 and 2020:

Name of Entity	% of Non-Controlling Interests			July 31, 2020			Net loss			Disposal of subsidiary			Foreign currency translation adjustment			April 30, 2021 (unaudited)
HZLJ		40.0	%	$	(889,068	)	$	(31,741	)	$	-		$	(32,835	)	$	(953,644	)
HF Int’l Education		24.5	% *		(88,692	)		(456,606	)		-			(19,445	)		(564,743	)
Qiao Garden Intl Travel		10.0	%		60,271			1,827			(62,098	)		-			-
Total				$	(917,489	)	$	(486,520	)	$	(62,098	)	$	(52,280	)	$	(1,518,387	)

*90% equity of SHHZJ, a limited partnership and 10% shareholder of HF Int’l Education, is held by Mr. Song, CEO of the Company on behalf of an unrelated individual. However, HF Int’l Education does not have the obligation to absorb losses of SHHZJ or a right to receive benefits from SHHZJ that could potentially be significant to SHHZJ, thus, SHHZJ is not considered a VIE of HF Int’l Education.

Name of Entity	% of Non-Controlling Interests			July 31, 2019			Net loss			Disposal of Noncontrolling interest			Investment from Noncontrolling Interest		Foreign currency translation adjustment			April 30, 2020 (unaudited)
HZLJ		40.0	%	$	(250,794	)	$	(234,594	)	$	-		$	-	$	(11,826	)	$	(497,214	)
HF Int’l Education		41.5	%		104,923			(265,492	)		(15,583	)		7,106		(4,118	)		(173,164	)
Qiao Garden Intl Travel		10.0	%		64,730			(6,611	)		-			-		1,416			59,535
Total				$	(81,141	)	$	(506,697	)	$	(15,583	)	$	7,106	$	(14,528	)	$	(610,843	)

NOTE 15. COMMITMENTS AND CONTINGENCIES

There has been below material contractual obligations and other commitments except the lease commitments disclosed in Note 12 Leases.

On June 2018 and January 2019, HFSH and HF Int’l Education entered two lease agreements with Shanghai Longjin Corporate Management Co., Ltd (the “Sublessor”) to lease some office spaces. On April 13, 2020, HFSH and HF Int’l Education received Notices of Lease Termination from the Tenant for late payments. HFSH and HF Int’l Education then filed a civil case against the Sublessor for over-charged rent fees because of fictitious office size and requested refund in the total amount approximately $481,000 (RMB3.3 million) till July 10, 2020. The Sublessor was further in default under the lease agreements due to its lease agreement with the landlord of the office properties (the “Landlord”) was terminated on June 1, 2020 by the Landlord. The initial hearing was held on May 13, 2021, at Hongkou District Court in Shanghai. The district court expects a ruling in the next few weeks.

The Company accrued the full amount of rent expense for the period ended May 31, 2020 and the accrued rental payable was $158,471 and $147,082 associated with this Tenant under the two lease agreements as of April 30, 2021 and July 31, 2020, respectively. HF Int’l Education entered a new lease agreement with the Landlord on June 1, 2020 for the same office spaces in a five-year term.

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NOTE 16. SEGMENT INFORMATION

The Company currently operates in following industry segments: hospitality (hotel and travel agency) and early childhood education industry in China.

Segment information on assets as of April 30, 2021 and revenue generated during the nine months ended April 30, 2021, as follows:

	Hospitality			Education			Corporate and unallocated			Total
Revenue	$	86,705		$	233,499		$	-		$	320,204
Operating loss		(225,567	)		(1,864,038	)		(123,914	)		(2,213,519	)
Loss before tax		(132,291	)		(1,863,698	)		(126,958	)		(2,122,947	)
Net Loss Attributable to Hartford Great Health Corp		(102,377	)		(1,407,092	)		(127,758	)		(1,637,227	)
Total assets (excluding Intercompany balances)		382,491			6,462,391			56,717			6,901,599

Segment information on assets as of April 30, 2020 and revenue generated during the nine months ended April 30, 2020, as follows:

							Corporate and
	Hospitality			Education			unallocated			Total
Revenue	$	54,736		$	11,483		$	—		$	66,219
Operating loss		(1,606,339	)		(559,073	)		(138,653	)		(2,304,065	)
Operating loss before tax		(2,108,568	)		(58,815	)		(124,959	)		(2,292,342	)
Net Loss Attributable to Hartford Great Health Corp		(1,305,463	)		(355,222	)		(125,760	)		(1,786,445	)
Total assets (excluding Intercompany balances)		1,668,556			3,259,431			1,014,985			5,942,972

NOTE 17. SUBSEQUENT EVENTS

In accordance with ASC 855, “Subsequent Events”, the Company has evaluated subsequent events through the date of issuance of these unaudited financial statements and has noted no subsequent events to be disclosed.

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Forward-Looking Statements

This Form 10-Q contains or incorporates by reference “forward-looking statements,” as that term is used in federal securities laws, about our financial condition, results of operations and business. These statements include, among others:

- statements concerning the benefits that we expect will result from our business activities and results of business development that we contemplate or have completed, such as increased revenues; and statements of our expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts. These statements may be made expressly in this document or may be incorporated by reference to other documents that we will file with the SEC. You can find many of these statements by looking for words such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions used in this report or incorporated by reference in this report.

These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause our actual results to be materially different from any future results expressed or implied in those statements. Because the statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. We caution you not to put undue reliance on these statements, which speak only as of the date of this report. Further, the information contained in this document or incorporated herein by reference is a statement of our present intention and is based on present facts and assumptions, and may change at any time and without notice, based on changes in such facts or assumptions.

Item 2. Management’s Discussion and Analysis or Plan of Operation Overview

This discussion updates our business plan for the nine-month periods ending April 30, 2021. It also analyzes our financial condition at April 30, 2021 and compares it to our financial condition at July 31, 2020. This discussion and analysis should be read in conjunction with our audited financial statements for the year ended July 31, 2020, including footnotes, contained in our Annual Report on Form 10-K, and with the unaudited financial statements for the interim period ended April 30, 2021, including footnotes, which are included in this quarterly report.

Overview of the Business

Hartford Great Health Corp. was originally incorporated in the State of Nevada on April 2, 2008 under the name PhotoAmigo, Inc. It changed its name to Hartford Great Health Corp. on August 22, 2018 and since then we have been engaged in activities to formulate and implement our business plan as set forth below.

Ability to continue as a “going concern”.

The independent registered public accounting firms’ reports on our financial statements as of July 31, 2020 and 2019, includes a “going concern” explanatory paragraph that describes substantial doubt about the Company’s ability to continue as a going concern. Management’s plans in regard to the factors prompting the explanatory paragraph are discussed in the financial statements, including footnotes thereto.

Plan of Operation

As of April 30, 2021, the company has issued a total of 100,108,000 shares of common stock. On December 11th, 2018, 96,090,000 shares of common stock were issued at the price of $0.02 per share to raise an additional $1,921,800 in capital. On November 24, 2020, the Company issued additional 1,000,000 shares of common stock to a significant shareholder of the Company at $0.02 per share.

On December 28, 2018, the Company acquired Hangzhou Hartford Comprehensive Health Management, Ltd (“HZHF”). On March 22, 2019, the Company acquired 60 percent of Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. (“HZLJ”). On March 20, 2019, the Company acquired Shanghai Hartford Comprehensive Health Management, Ltd. (“HFSH”) with 90 percent of Shanghai Qiao Garden International Travel Agency (“Qiao Garden Int’l Travel”), which was disposed on December 31, 2020, and formed a joint venture entity, Hartford International Education Technology Co., Ltd (“HF Int’l Education”).

The subsidiary of HFUS in Shanghai (HFSH) advances operating funds from two related party entities, SH Qiao Hong and SH Oversea Chinese Culture Media Ltd. The main purpose of the funding is to invest in Hartford International Education Technology (Shanghai) Co., Ltd. (HF Int’l Education). Upon signing of supplemental agreement, HFUS currently holds 75.5% ownership of HF Int’l Education and maintains control over HF Int’l Education. On July 24, 2019, HF Int’l Education established a 100% owned subsidiary, Pudong Haojin Childhood Education Ltd. (“PDHJ”). On October 28, 2019, PDHJ had its childhood education center opened. On March 23, 2020, HF Int’l Education established Shanghai Hongkou HaiDeFuDe Childcare Co., Ltd.(“HDFD”) and was approved the business license to conduct childcare operations in Shanghai, China. On July 20, 2020, HF Int’l Education entered an agreement with two individuals to acquire the whole ownership of Shanghai Gelinke Childcare Education Center (“Gelinke”).

HF Int’l Education has developed an enhanced model of childcare franchise management program and registered a new brand name, “HaiDeFuDe”. HF Int’l Education has recruited a team of knowledgeable childcare teachers to develop series of independent textbooks designed to targeted age of young children and register for the copyrights for these textbooks in September of 2020. Recently, HF Int’l Education has begun marketing and promoting the enhanced model of franchise operation and management packaged program, under “HaiDeFuDe” brand, to an initial of 50 franchisees throughout different regions of China. To achieve that, HF Int’l Education has incorporate existing market resources throughout other major cities and provinces in China. The promotion of HF Int’l Education franchise operation and management model is expected to attract other childcare education centers to join the “HaiDeFuDe” brand, and HF Int’l Education expects to generate revenue from franchise and management fees. Due to continued market uncertainties during the pandemic, we have reduced our revenue projection again from our last disclosure. We will run a special franchise promotion after the ease of restrictions caused by the pandemic. There will be a great reduction in franchise fees for the first twenty childcare center that join our brand. In doing so, the Company expect to generate a revised revenue of RMB4,000,000 by the end of 2021.

19

Results of Operations – Three months ended April 30, 2021 Compared to Three months ended April 30, 2020.

Revenue and Cost of revenue: We recognized $137,892 and $10,310 revenue in the three months ended April 30, 2021 and 2020, respectively. Cost of revenue increased to $99,998 for the three months ended April 30, 2021, compared to $4,329 during the comparable period of 2020. The revenue was mainly generated from two industry segments, the hospitality housing in HZLJ and childhood education care services in HF Int’l Education. The other business lines with limited operations have not generated revenue yet.

Operating Expenses: Operating expenses increased to $624,852 for the three months ended April 30, 2021, compared to $420,605 during the comparable period of 2020. During the three months ended April 30, 2021, the increase of $204,247 was resulted from the increase of the selling, general and administrative expenses by $187,417, and the increase of depreciation and amortization expenses by $16,830. The increase of selling, general and administrative expenses was mainly resulted from the expenses incurred in the new operating subsidiaries in China for childcare education business development, including lease cost.

Other Income (Expense): Other expense, net increased to $ (11,491) for the three months ended April 30, 2021, compared to $3,988 of income for the corresponding period of 2020. The increase of other expense, net was mainly resulted from the interest expense of related party loans offset with the interest income from the related party receivable from SH Qiaohong, which was settled through three-way settlement agreement on December 30, 2020, see note 13, Related Party Transactions.

Net Loss Attributable to Noncontrolling Interest: For the three months ended April 30, 2021, we recorded a net loss attributable to noncontrolling interest of $130,040 compared to $108,680 for the corresponding period of 2020. The loss was allocated based on the ownership percentage of noncontrolling interest, which was mainly acquired through the acquisitions and Joint Ventures.

Net Loss Attributable to Hartford Great Health Corp: We recorded a net loss of $468,409 or $(0.00) per share for the three months ended April 30, 2021, compared to a net loss of $301,956 or $(0.00) per share for the three months ended April 30, 2020, an increase in loss of $166,453 due to the factors discussed above.

Results of Operations – The Nine months Ended April 30, 2021 Compared to Nine months Ended April 30, 2020.

Revenue: We recognized $320,204 and $66,219 revenue in the nine months ended April 30, 2021 and 2020, respectively. Cost of revenue increased to $219,276 for the nine months ended April 30, 2021, compared to $43,366 during the comparable period of 2020. The revenue was mainly generated from two industry segments, the hospitality housing in HZLJ and childhood education care services in HF Int’l Education. The other business lines with limited operations have not generated revenue yet.

Operating Expenses: Operating expenses decreased to $2,314,447 for the nine months ended April 30, 2021, compared to $2,326,918 during the comparable period of 2020. During the nine months ended April 30, 2021, the decrease of $12,471 was resulted from the decrease of Goodwill impairment by $991,803, offset by the increase of the selling, general and administrative expenses by $947,111 and the increase of depreciation and amortization expenses by $32,221. The increase of selling, general and administrative expenses was mainly resulted from the expenses incurred in the new operating subsidiaries in China for childcare education business development, including lease cost. The company’s major business plans were halted as a result of COVID-10 pandemic. Management determined that the goodwill generated from acquisition was fully impaired as of January 31, 2020.

Other Income (Expense): Other income, net increased to $90,572 for the nine months ended April 30, 2021, compared to $11,723 of income for the corresponding period of 2020. Other income for the nine months ended April 30, 2021 was mainly resulted from the gain on disposal of subsidiary, see note 4 Acquisitions, Joint Ventures and Deconsolidation.

Net Loss Attributable to Noncontrolling Interest: For the nine months ended April 30, 2021, we recorded a net loss attributable to noncontrolling interest of $486,520 compared to $506,697 for the corresponding period of 2020. The loss was allocated based on the ownership percentage of noncontrolling interest, which was mainly acquired through the acquisitions and Joint Ventures.

Net Loss Attributable to Hartford Great Health Corp: We recorded a net loss of $1,637,227 or $(0.02) per share for the nine months ended April 30, 2021, compared to a net loss of $1,786,445 or $(0.02) per share for the nine months ended April 30, 2020, a decrease in losses of $149,218 due to the factors discussed above.

20

Liquidity and Capital Resources

As of April 30, 2021, we had a working capital deficit of $5,530,212 comprised of current assets of $692,679 and current liabilities of $6,222,891. This represents an increase of $2,170,589 in the working capital deficit from the July 31, 2020 amount of $3,359,623.

During the nine months ended April 30, 2021, our working capital deficit increased primarily because the additional advances from related parties for business operating and the increase of rental payables.

We believe that our funding requirements for the next twelve months will be in excess of $800,000. We are currently seeking for further funding through related parties’ loan and finance.  

On December 11, 2018, the Company sold 96,090,000 shares of its common stock (the “Shares”) to 15 individuals. The selling price was $0.02 per share for an aggregate of $1,921,800. All 15 investors executed subscription agreements. As of April 30, 2019, all proceeds have collected. Twelve of the 15 investors are Chinese citizens and purchased the shares in China. Due to the strict monitoring of China’s foreign exchange investment policy, funds are not able to be transferred directly to HFUS. As a result, amount of $657,000 were collected in RMB from the Chinese investors. The Shares were sold in a private placement pursuant to an exemption from registration in accordance with Section 4(2) and/or Regulation S under the Securities Act of 1933, as amended. The Shares are all restricted shares and accordingly all stock certificates evidencing the Shares have been affixed with the appropriate legend restricting sales and transfers.

On July 3, 2020, the Company signed a subscription agreement to one of the current investors, selling 1,000,000 shares of common stock (the “Shares”) priced at $0.02 per share. The stock shares were issued on November 24, 2020.

We will seek additional financing in the form of debt or equity. There is no assurance that we will be able to obtain any needed financing on favorable terms, or at all, or that we will find qualified purchasers for the sale of our stock. Any sales of our securities would dilute the ownership of our existing investors.

Cash Flows – Nine months ended April 30, 2021 Compared to Nine months ended April 30, 2020 (As restated)

Operating Activities

During the nine months ended April 30, 2021, $1,892,057 used in operating activities as compared to $619,385 used in the operations during the nine months ended April 30, 2020. During the nine months ended April 30, 2021, we recorded loss including noncontrolling interests of $2,123,747, incurred non-cash depreciation of $60,662, gain on disposal of subsidiary of $43,505, gain on disposal of noncontrolling interest of $60,812, prepaid and other current receivables increased by $75,917, inventory increased by $297,558, other assets increased by $45,456, other current payable increased by $572,873 , related party payables net with receivables increased by $26,308, other liabilities increased by $20,193 and operating lease liabilities net with operating lease assets increased by $74,147 as a result from the adoption of new lease guidance ASU No. 2016-02.

During the nine months ended April 30, 2020, we recorded losses including noncontrolling interests of $2,293,142, incurred non-cash depreciation of $28,441, Loss on disposal of property and equipment of $6,640, disposal of noncontrolling interest of $4,964, goodwill impairment loss of $988,446, prepaid and other current receivables decreased by $196,907, other assets increased by $35,251, other current payable increased by $340,060, related party payables net with receivables increased by $74,011, and operating lease liabilities net with operating lease assets increased by $81,335 as a result from the adoption of new lease guidance ASU No. 2016-02.

Investing activities

Cash used in investing activities was $154,997 for the nine months ended April 30, 2021 as compared to $227,795 used for the corresponding period in 2020. During nine months ended April 30, 2021, HF Int’l Education acquired a new entity, Gelinke with cash net inflow of $12,635, HFSH disposed its 90 percent owned subsidiary - Qiao Garden Intel Travel with cash net outflow of $30,116 , see note 4 Acquisitions, Joint Ventures and Deconsolidation., and Property and equipment purchases of $137,516.

During the nine months ended April 30, 2020, $227,795 of property and equipments have been purchased by HF Int’l Education’s subsidiaries to provide childcare education services.

Financing activities

Cash provided by financing activities was $2,064,942 for the nine months ended April 30, 2021 as compared to $ 608,677 cash provided by financing activities for the nine months ended April 30, 2020. The cash flows provided by financing activities for the nine months ended April 30, 2021 was primarily attributable to $1,941,842 funding support from related parties, $125,000 notes payable from one related party, $20,000 proceeds from stock issuance, offset by $21,900 finance lease principal payment.

The cash flows provided by financing activities for the nine months ended April 30, 2020 was primarily attributable to $621,421 funding support from related parties, $7,080 contribution received from noncontrolling interest shareholder to the joint venture entity HF Int’l Education, offset by $19,824 finance lease principal payment.

Future Capital Expenditures

On January 2019, HFSH entered an agreement to acquire 100 percent equity interest of Shanghai Luo Sheng International Trade Ltd. (“SH Luosheng”). As of April 30, 2021, the agreement has not yet taken effective as no consideration has been paid toward those acquisitions. The agreement will be executed when the Company is financially ready to move forward, and the purchase price will be calculated based on the net assets of each entity on execute dates. There was no penalty levied or to be levied due to delayed execution or inexecution of this agreement.

21

Off-Balance Sheet Arrangements

As of and subsequent to April 30, 2021, we have no off-balance sheet arrangements.

Contractual Commitments

As of April 30, 2021, we have no other material contractual commitments except the office building and property leases which are included Note 12 Leases.

Critical Accounting Policies

Our significant accounting policies are disclosed in Note 1 of the footnotes to our unaudited financial statements above. There have been no other changes in our critical accounting policies since our most recent audit dated July 31, 2020.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

An evaluation was performed under the supervision of our management, including our Chief Executive Officer and Chief Financial Officer (principal financial officer), of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the end of the period covered by this Quarterly Report. Based on that evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that, as of April 30, 2021, our disclosure controls and procedures were not effective to ensure that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms due to material weaknesses in our internal controls described below.

Management’s Report on Internal Control over Financial Reporting

Management’s assessment identified several material weaknesses in our internal control over financial reporting. These material weaknesses include the following:

● The Company has yet established an internal control system over financial reporting, including sufficient and thorough financial reporting procedures, competence accounting personnel and a well written accounting policies manual under US GAAP in place.

Changes in Internal Control

During the nine months period ended April 30, 2021, there has been no change in internal control within the Company.

22

PART II – OTHER INFORMATION

Item 1. Legal Proceedings.

On April 13, 2020, HFSH and HF International Education received Notices of Lease Termination from the sub-lessor. HFSH and HF International Education then filed a civil case against the sub-lessor for return the over-charged rent expense because of fictitious office size, approximately $483,000 (RMB3.3 million). The sublease agreement was terminated on June 1, 2020. HF International Education entered a new lease agreement with the original landlord on June 1, 2020. The first hearing was held on May 13, 2021 at Hongkou District Court in Shanghai. The district court expects a ruling in the next few weeks.

We were not subject to any other legal proceedings during the nine months ended April 30, 2021 and are not currently subject to any legal proceedings, and to the best of our knowledge, no such proceeding is threatened, the results of which would have a material impact on our results of operation or financial condition. Nor, to the best of our knowledge, are any of our officers or directors involved in any legal proceedings in which we are an adverse party.

Item 1A. Risk Factors.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None

Item 3. Defaults Upon Senior Securities.

None

Item 4. Mine Safety Disclosures

Not applicable to our Company.

Item 5. Other Information

Not applicable to our Company.

Item 6. Exhibits.

The following exhibits are filed with or incorporated by referenced in this report:

31.1* Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Lianyue Song.

31.2* Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Sheng-Yih Chang

32.1* Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for Lianyue Song and Sheng-Yih Chang

101 Interactive Data Files

23

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	HARTFORD GREAT HEALTH CORP.
Date: June 14, 2021	By:	/s/ LIANYUE SONG
		Lianyue Song
		Chief Executive Officer

24

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

and Rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934

I, Lianyue Song, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Hartford Great Health Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financing reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 14, 2021

/s/ LIANYUE SONG

Lianyue Song

Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

and Rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934

I, Sheng-Yih Chang, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Hartford Great Health Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the registrant and have:

(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)	Designed such internal control over financing reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 14, 2021

/s/ Sheng-Yih Chang

Sheng-Yih Chang

Chief Financial Officer

EX-32.1

Exhibit 32.1

Certification of Periodic Financial Report by the Chief Executive Officer and

Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Solely for the purposes of complying with 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, we, the undersigned Chief Executive Officer and Chief Financial Officer of Hartford Great Health Corp. (the “Company”), hereby certify, based on our knowledge, that the Quarterly Report on Form 10-Q of the Company for the nine months ended April 30, 2021 (the “Report”) fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: June 14, 2021	/s/ LIANYUE SONG
	Lianyue Song
	Chief Executive Officer
Date: June 14, 2021	/s/ SHENG-YIH CHANG
	Sheng-Yih Chang
	Chief Financial Officer

XML

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2021	Jun. 14, 2021
Cover [Abstract]
Entity Registrant Name	Hartford Great Health Corp.
Entity Central Index Key	0001482554
Document Type	10-Q
Document Period End Date	Apr. 30, 2021
Amendment Flag	false
Current Fiscal Year End Date	--07-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,108,000
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021

XML

Condensed Consolidated Balance Sheets - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Current Assets
Cash and cash equivalents	$ 64,585	$ 36,604
Prepaid and other current receivables	274,623	173,819
Related party receivables	30,277	753,076
Inventories	323,194
Total Current Assets	692,679	963,499
Non-Current Assets
Restricted cash, noncurrent	26,515	28,673
Property and equipment, net	586,483	467,881
Goodwill	71,629
ROU assets-operating lease	5,146,679	4,499,693
Other assets	377,614	329,235
Total Non-current Assets	6,208,920	5,325,482
TOTAL ASSETS	6,901,599	6,288,981
Current Liabilities
Related party loan and payables	3,831,330	2,966,651
Current operating lease liabilities	1,051,972	739,352
Other current payable	1,339,589	617,119
Total Current Liabilities	6,222,891	4,323,122
Long-term loan from related party	649,677
Lease liabilities, noncurrent	4,699,657	4,253,050
TOTAL LIABILITIES	11,572,225	8,576,172
Commitments and contingencies (Note 15)
Stockholders' Equity
Preferred stock - $0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding
Common stock - $0.001 par value, 300,000,000 shares authorized, 100,108,000 and 99,108,000 shares issued and outstanding as of April 30, 2021 and July 31, 2020, respectively	100,108	99,108
Additional paid-in capital	2,173,521	2,154,521
Accumulated deficit	(5,205,412)	(3,568,185)
Accumulated other comprehensive loss	(220,456)	(55,146)
Noncontrolling interest	(1,518,387)	(917,489)
Total Stockholders' Deficit	(4,670,626)	(2,287,191)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,901,599	$ 6,288,981

XML

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 30, 2021	Jul. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	100,108,000	99,108,000
Common stock, shares outstanding	100,108,000	99,108,000

XML

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Income Statement [Abstract]
Service revenues	$ 137,892	$ 10,310	$ 320,204	$ 66,219
Cost of revenues	99,998	4,329	219,276	43,366
Gross Profit	37,894	5,981	100,928	22,853
Operating expenses
Depreciation and amortization	26,039	9,209	60,662	28,441
Selling, general and administrative	598,813	411,396	2,253,785	1,306,674
Goodwill impairment				991,803
Total Operating Expenses	624,852	420,605	2,314,447	2,326,918
Operating Loss	(586,958)	(414,624)	(2,213,519)	(2,304,065)
Other Income (Expense)
Interest (expense) income, net	(11,747)	3,853	(15,574)	11,838
Gain on disposal of subsidiary			104,317
Other income (expense), net	256	135	1,829	(115)
Other (Expense) Income, Net	(11,491)	3,988	90,572	11,723
Loss before income taxes	(598,449)	(410,636)	(2,122,947)	(2,292,342)
Income Tax Expense			800	800
Net Loss	(598,449)	(410,636)	(2,123,747)	(2,293,142)
Less: net loss attributable to noncontrolling Interest	(130,040)	(108,680)	(486,520)	(506,697)
Net Loss Attributable to Hartford Great Health Corp	$ (468,409)	$ (301,956)	$ (1,637,227)	$ (1,786,445)
Net loss per common share: Basic and Diluted	$ (0.00)	$ (0.00)	$ (0.02)	$ (0.02)
Weighted average shares outstanding: Basic and diluted	100,108,000	99,108,000	99,683,092	99,108,000

XML

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Consolidated Statements Of Comprehensive Income Loss
Net Loss	$ (468,409)	$ (301,956)	$ (1,637,227)	$ (1,786,445)
Other Comprehensive Income (Loss), Net of income tax
Foreign currency translation adjustments	31,991	10,890	(217,590)	(50,336)
Total other comprehensive income (loss)	31,991	10,890	(217,590)	(50,336)
Less: total other comprehensive income (loss) attributable to noncontrolling interest	8,731	3,143	(52,280)	(14,528)
Total Other Comprehensive Income (Loss) Attributable to Hartford Great Health Corp	23,260	7,747	(165,310)	(35,808)
Total Comprehensive Loss	$ (445,149)	$ (294,209)	$ (1,802,537)	$ (1,822,253)

XML

Consolidated Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated (Deficit) [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]	Total
Beginning Balance at Jul. 31, 2019	$ 99,108	$ 2,154,521	$ (916,816)	$ (6,392)	$ (81,141)	$ 1,249,280
Beginning Balance, shares at Jul. 31, 2019	99,108,000
Net (loss)			(1,786,445)		(506,697)	(2,293,142)
Disposal of noncontrolling interest					(15,583)	(15,583)
Contribution from noncontrolling interest					7,106	7,106
Foreign currency translation adjustment				(35,808)	(14,528)	(50,336)
Ending Balance at Apr. 30, 2020	$ 99,108	2,154,521	(2,703,261)	(42,200)	(610,843)	(1,102,675)
Ending Balance, shares at Apr. 30, 2020	99,108,000
Beginning Balance at Jul. 31, 2020	$ 99,108	2,154,521	(3,568,185)	(55,146)	(917,489)	(2,287,191)
Beginning Balance, shares at Jul. 31, 2020	99,108,000
Net (loss)			(1,637,227)		(486,520)	(2,123,747)
Issuance of common stock	$ 1,000	19,000				20,000
Issuance of common stock, shares	1,000,000
Disposal of subsidiary					(62,098)	(62,098)
Foreign currency translation adjustment				(165,310)	(52,280)	(217,590)
Ending Balance at Apr. 30, 2021	$ 100,108	$ 2,173,521	$ (5,205,412)	$ (220,456)	$ (1,518,387)	$ (4,670,626)
Ending Balance, shares at Apr. 30, 2021	100,108,000

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Cash flows from operating activities:
Net loss including noncontrolling interests	$ (2,123,747)	$ (2,293,142)
Adjustments to reconcile net loss including noncontrolling interests to net cash (used in) operating activities:
Depreciation and amortization	60,662	28,441
Disposal of subsidiary, excluding noncontrolling interest	(43,505)
Disposal of noncontrolling interest	(60,812)	(4,964)
Loss on disposal of property and equipment	755	6,640
Goodwill impairment		991,803
Changes in operating assets and liabilities:
Prepaid and Other current receivables	(75,917)	196,907
Inventories	(297,558)
Other assets	(45,456)	(35,251)
Related party receivables and payables	26,308	74,011
Other current payables	572,873	340,060
Operating lease assets and liabilities	74,147	81,335
Other liabilities	20,193	(1,868)
Net cash (used in) operating activities	(1,892,057)	(619,385)
Cash flows from investing activities:
Cash proceeds from acquisitions	27,738
Cash paid in acquisitions	(15,103)
Disposal of subsidiary	(30,116)
Purchases of property and equipment	(137,516)	(227,795)
Net cash (used in) investing activities	(154,997)	(227,795)
Cash flows from financing activities:
Contribution from noncontrolling interest		7,080
Proceeds from issuance of common stock	20,000
Proceeds of related party notes payable	125,000
Principal payments on finance lease	(21,900)	(19,824)
Advances from related parties	1,941,842	621,421
Net cash provided by financing activities	2,064,942	608,677
Effect of exchange rate changes on cash	7,935	(3,229)
Net change in Cash, cash equivalents and restricted cash	25,823	(241,732)
Cash, cash equivalents and restricted cash at beginning of period	65,277	298,724
Cash, cash equivalents and restricted cash at end of period	91,100	56,992
Supplemental Cash Flow Information
Interest paid
Income taxes paid	800	800
Non-cash investing and financing activities:
Payable to acquiree	10,462
Investment return through three-party settlement	$ 759,947

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Summary of Significant Accounting Policies

9 Months Ended

Apr. 30, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies is presented to assist in understanding the Company’s financial statements. The financial statements and notes are the responsibility of the Company’s management. These accounting policies conform to accounting principles generally accepted in the United States of America (“US GAAP”) and have been consistently applied in the preparation of the financial statements. This disclosure should be read in conjunction with our audited financial statements for the year ended July 31, 2020, including footnotes, contained in our Annual Report on Form 10-K,

Organization

Hartford Great Health Corp. was originally incorporated in the State of Nevada on April 2, 2008 under the name PhotoAmigo, Inc. It changed its name to Hartford Great Health Corp. on August 22, 2018 and since then we have been engaged in activities to formulate and implement our business plans.

Through its wholly owned subsidiary - Hangzhou Hartford Comprehensive Health Management, Ltd (“HZHF) and HZHF’s 60 percent owned subsidiary - Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. (“HZLJ”), and through Shanghai Hartford Comprehensive Health Management, Ltd. (“HFSH”) and its 90 percent owned subsidiary - Shanghai Qiao Garden International Travel Agency (“Qiao Garden Int’l Travel”), the Company engages in hospitality industry in China. Qiao Garden Int’l Travel was disposed on December 31, 2020, see note 4 Acquisitions, Joint Ventures and Deconsolidation.

The Company started to engage in early childhood education industry at Hartford International Education Technology Co., Ltd (“HF Int’l Education”), a 75.5% ownership subsidiary of HFSH on March 2019. On July 24, 2019 and March 23, 2020, HF Int’l Education established two 100% owned subsidiaries, Pudong Haojin Childhood Education Ltd. (“PDHJ”) and Shanghai Hongkou HaiDeFuDe Childcare Co., Ltd.(“HDFD”), respectively, to operate the early childhood education service under the brand name of “HaiDeFuDe” in Shanghai, China. On July 20, 2020, HF Int’l Education entered an agreement with two individuals to acquire the whole ownership of Shanghai Gelinke Childcare Education Center (“Gelinke”).

Basis of Presentation

The consolidated financial statements include the accounts of Hartford Great Health Corp, its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest. The Company reports noncontrolling interests of the consolidated entities as a component of equity separate from the Company’s equity. All material inter-company transactions between and among the Company and its consolidated subsidiaries have been eliminated in the consolidation. The Company’s net income (loss) excludes income (loss) attributable to the noncontrolling interests.

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires the Company’s management to make estimates and assumptions that affect the amounts of assets and liabilities, the identification and disclosure of impaired assets and contingent liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications

Certain amounts on the prior-year consolidated balance sheet, consolidated statement of operations and cash flows were reclassified to conform to current-year presentation, with no effect on ending stockholders’ equity.

Income Taxes: The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

On December 22, 2017, the President of the United States signed into law the Tax Reform Act. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. In addition, the 2017 Tax Act also creates a new requirement that certain income (i.e., Global Intangible Low-Taxed Income (“GILTI”)) earned by controlled foreign corporations (“CFCs”) must be included in the gross income of the CFCs’ U.S. shareholder income. The tax law in PRC applies an income tax rate of 25% to all enterprises. The Company’s subsidiary does not receive any preferential tax treatment from local government. The Company has been in loss position for years and zero amount of tax provisions, including GILTI. Deferred tax assets as of the reporting periods ended were fully reserved for valuation allowance as they are more likely than not to be realized.

Revenue Recognition

The Company adopted ASC Topic 606 Revenue from Contracts with Customers (“Topic 606) on August 1, 2018, applying the modified retrospective method to all contracts that were not completed as of August 1, 2018. The Company is building up its core business upon the completion of multiple acquisitions on March 2019 and impact of COVID-19 pandemic, limited operations occurred during the three months and nine months ended April 30, 2021 and 2020. The revenue during the three months and nine months ended April 30, 2021 and 2020, were mainly generated from HZLJ and HF Int’l Education and their subsidiaries.

Revenue is recognized when control of promised goods or services is transferred to our customers in an amount of consideration to which we expect to be entitled to in exchange for those goods or services. We follow the five steps approach for revenue recognition under Topic 606: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) we satisfy a performance obligation.. Billings to customers for which services are not rendered are considered deferred revenue. ASC 606 has no material impacts on the Company’s financial positions. The Company’s revenue is recognized when it satisfies a single performance obligation by transferring control of its products or providing services to a customer. The Company’s general payment terms are short-term in duration. The Company does not have significant financing components or payment terms. The Company recorded unearned revenue, amount of $431,326 and $75,861 as of April 30, 2021 and July 31, 2020, respectively.

a.

Early childhood education services: HF Int’l Education generates revenue from childhood education classes provided to its customers. The educational services consist of parent-child and bilingual childcare classes. Each contract of educational classes is accounted for as a single performance obligation which is satisfied proportionately over the service period. Tuition fee is generally collected in advance and is initially recorded as deferred revenue. Refunds are provided to parents if they decide within the trial period that they no longer want to take the class. After the trial period, if a parent withdraws from a class, usually only that unearned portion of the fee is available to be returned.

b.

Hospitality services: HZLJ generates revenue primarily from the room rentals, sale of food and beverage and other miscellaneous hospitality services. The Company recognizes room rental and services daily as services are provided. Under ASC 606, the pattern and timing of recognition of income from hotel facility is consistent with the prior accounting model.

Recent Accounting Pronouncements.

Recently adopted accounting pronouncements

In January 2017, the FASB issued ASU No. 2017-04, “Intangibles and Other (Topic 350): Simplifying the Test for Goodwill Impairment”, which eliminates the requirement to calculate the implied fair value of goodwill, but rather requires an entity to record an impairment charge based on the excess of a reporting unit’s carrying value over its fair value. This amendment is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company early adopted ASU No. 2017-04 on January 31, 2020. Management determined the goodwill generated from HZLJ and HFSH acquisition was fully impaired as of January 31, 2020.

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. ASU No. 2016-02 requires the recognition of lease assets and lease liabilities on the balance sheet for leases classified as operating leases under previous guidance. The accounting for finance leases (capital leases) was substantially unchanged. The original guidance required application on a modified retrospective basis with adjustments to the earliest comparative period presented. In August 2018, the FASB issued ASU No. 2018-11, “Targeted Improvements to ASC 842,” which included an option to not restate comparative periods in transition and elect to use the effective date of ASU No. 2016-02 as the date of initial application, which the Company elected. As a result, the consolidated balance sheet prior to August 1, 2019 was not restated, and continues to be reported under previous guidance that did not require the recognition of operating lease liabilities and corresponding lease assets on the consolidated balance sheet. The cumulative effect of the changes made to our Condensed Consolidated Balance Sheet at August 1, 2019 for the adoption of the new lease standard was as follows:

	Balance at					Balance at
	July 31, 2019		Adjustments			August 1, 2019
Assets:
Prepaid and Other current receivables		386,700		(74,197	)		312,503
ROU assets-Operating lease		—		4,185,827			4,185,827
Liabilities:
Current Operating Lease liabilities		—		651,424			651,424
Operating lease liabilities		—		3,481,229			3,481,229

The adoption of ASU No. 2016-02 had an immaterial impact on the Company’s consolidated statement of operation and consolidated statement of cash flows for the year ended July 31, 2020. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed the Company to carry forward the historical lease classification, not reassess prior conclusions related to expired or existing contracts that are or that contain leases, and not reassess the accounting for initial direct costs. Operating leases with a term of 12 months or less will not be recorded on the Consolidated Balance Sheet. Additional information and disclosures required by ASU No. 2016-02 are contained in Note 12 Leases.

Recently issued accounting pronouncements not yet adopted

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses”. The standard, including subsequently issued amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10 and ASU 2019-11), requires a financial asset measured at amortized cost basis, such as accounts receivable and certain other financial assets, to be presented at the net amount expected to be collected based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. In November 2019, the FASB issued ASU No. 2019-10 to postpone the effective date of ASU No. 2016-13 for public business entities eligible to be smaller reporting companies defined by the SEC to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is evaluating the impact of this guidance on its consolidated financial statements.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes which is intended to simplify various aspects related to accounting for income taxes. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the effects of the standard on our consolidated financial statements and related disclosures.

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The standard provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions in which the reference LIBOR or another reference rate are expected to be discontinued as a result of the Reference Rate Reform. The standard is effective for all entities. The standard may be adopted as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020 through December 31, 2022. The Company is currently evaluating the effects of the standard on our consolidated financial statements and related disclosures.

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Going Concern

9 Months Ended

Apr. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 2. GOING CONCERN

The accompanying financial statements were prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of obligations in the normal course of business. However, Hartford Great Health Corp. has incurred losses since inception, resulting in an accumulated deficit of $5,205,412 as of April 30, 2021. These conditions raise substantial doubt about the ability of Hartford Great Health Corp. to continue as a going concern.

In view of these matters, continuation as a going concern is dependent upon several factors, including the availability of debt or equity funding upon terms and conditions acceptable to Hartford Great Health Corp., and ultimately achieving profitable operations. Management believes that Hartford Great Health Corp.’s business plan provides it with an opportunity to continue as a going concern. However, management cannot provide assurance that Hartford Great Health Corp. will meet its objectives and be able to continue in operation.

The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of Hartford Great Health Corp. to continue as a going concern.

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Restatements

9 Months Ended

Apr. 30, 2021

Restatements

Restatements

NOTE 3. RESTATEMENTS

The Company has concluded that the Company’s previously reported unaudited consolidated statements of cash flows for the nine months ended April 30, 2020 incorrectly presented some funding support from related parties under operating activities, upon reflection and further analysis, which would be more accurate to be accounted for financing activities.

Restated Consolidated Statement of Cash Flow (adjusted line items):

	For the nine months ended April 30, 2020
	As previously reported			As restated			Changes
Cash flows from operating activities:
Related party receivables and payables		695,432			74,011			621,421
Net cash provided by (used in) operating activities		2,036			(619,385	)		621,421
Cash flows from financing activities:
Advances from related parties		-			621,421			(621,421	)
Net cash (used in) provided by financing activities		(12,744	)		608,677			(621,421	)

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Acquisitions, Joint Ventures and Deconsolidation

9 Months Ended

Apr. 30, 2021

Business Combinations [Abstract]

Acquisitions, Joint Ventures and Deconsolidation

NOTE 4. ACQUISITIONS, JOINT VENTURES AND DECONSOLIDATION

Joint Venture – HF Int’l Education

On March 22, 2019, HFSH entered into a joint venture agreement (the “JV agreement”) with Shanghai Jingyu Education Tech Ltd. (“SH Jingyu”) and one individual investor, to form a new entity - HF Int’l Education to provide childcare education services. HFSH initially owned 65.0% ownership HF Int’l Education, which has been decreased to 61.0% from 65.0% during the year ended on July 31, 2020 because of equity transactions between noncontrolling shareholders. On June 19, 2020, the board of HF Int’l Education decided to increase registered capital to RMB10 million from RMB5 million, and three out of four noncontrolling shareholders gave up the subscription rights. As a result, HFSH holds 75.5% of HF Int’l Education and totaling 24.5% equity held by noncontrolling shareholders. The new equity structure became effective upon the approval of the local government on September 10, 2020.

Operation result of HF Int’l Education are included in the Company’s consolidated financial statements commencing on the formation date. The Company classifies the ownership interest held by other four parties as “Noncontrolling interest” on the consolidated balance sheet.

Acquisition of Gelinke

On July 20, 2020, HF Int’l Education entered an agreement with two individuals to acquire the whole ownership of Shanghai Gelinke Childcare Education Center (“Gelinke”). The intent behind the acquisition is to expand the company’s early childhood education services. The results of operations of the acquired entities are included in the Company’s consolidated financial statements commencing on the acquisition date. The Company has recorded an allocation of purchase price to Gelinke’s tangible and identifiable intangible assets acquired and liabilities assumed based on their fair value at the acquisition date. The Company accounted the acquisition transaction in accordance with FASB ASC 805, Business Combinations, under acquisition accounting method. The related transaction costs were immaterial and included in General and administrative expenses in the accompanying consolidated statements of operations. The preliminary calculation of purchase price and purchase price allocation is as follows:

	Assets Acquired and Liabilities Assumed
Cash and cash equivalents		1,809
Restricted Cash		25,009
Prepaid and Other current receivables		4,696
Property and Equipment, net		4,294
Unearned revenue		(78,696	)
Goodwill		67,712
Total consideration*		24,824

*$10,462 (RMB70,000) payable to the acquiree plus $14,362 (RMB100,000) cash payment totaled $24,824 consideration for the acquisition.

Goodwill is mainly attributable to synergies expected from the acquisition of license, list of customers and teacher workforce.

Other Acquisitions

In January and February 2019, HFSH entered agreements to acquire 85 percent ownership of Shanghai Senior Health Consulting Ltd. (“SH Senior”) and 55 percent ownership of Shanghai Pasadena Ltd. (“SH Pasadena”). On December 31, 2020, HFSH withdraw from the two acquisition agreements. No penalty results from the withdrawn.

In January 2019, HFSH entered agreements to acquire 100 percent equity interest of Shanghai Luo Sheng International Trade Ltd. (“SH Luosheng”), As of April 30, 2021, the agreement has not yet taken effect as no consideration has been paid toward this acquisition. The agreement will be executed when the Company is financially ready to move forward, and the purchase price will be calculated based on the net assets of each entity on executing dates. There was no penalty levied or to be levied due to delayed execution or inexecution.

On May and June 2019, the Company entered an agreement and a supplemental agreement to acquire 60 percent equity interest of Shanghai Ren Lai Ren Wang Restaurant Co., Ltd. (“SH RLRW”). The acquisition agreement has not yet taken effect as no consideration has been paid towards the acquisition. On June 12, 2020, the company withdraw from the acquisition by transferring the agreement to an individual with zero price.

Disposal of subsidiary

On December 31, 2020, HFSH disposed its 90 percent owned subsidiary - Qiao Garden Intel Travel to an individual (the “Disposal”). The individual is a relative of the CEO, Qiao Garden Int’l Travel became a related party after deconsolidation. The operation results, assets and liabilities, and cash flows of Qiao Garden Int’l Travel were deconsolidated from the Company’s consolidated financial statements effective on December 31, 2020. The Disposal of Qiao Garden was consummated through a three-party settlement among HFSH, SH Qiaohong and Qiao Garden Intl Travel (the “Three-Party Settlement”): the original investment RMB 4.5 million plus RMB 0.5 million investment income were agreed to returned from Qiao Garden Intel Travel result of the Disposal and settled with a payable due to SH Qiaohong at SHHF, who was a debtor of Qiao Garden Intel Travel, see Note 13, Related Party Transactions.

Net assets (liabilities) disposed of:

Net assets (liabilities) disposed of:
Cash and cash equivalents	172
Restricted cash	29,944
Related party receivable	782,224
Related party payable	(98,615	)
Other current payable	(3,876	)
Noncontrolling interest	(60,812	)
Net assets of the subsidiary, excluding noncontrolling interest	649,037
Consideration	753,354
Gain on disposal of the subsidiary	(104,317	)
Gain on disposal of noncontrolling interest	(60,812	)
Gain on disposal of the subsidiary, excluding noncontrolling interest	(43,505	)

Net inflow / (outflow) of cash and cash equivalents in respect of the disposal subsidiary:

Cash and cash equivalents	(172	)
Restricted cash	(29,944	)
Cash and cash equivalents deconsolidated	(30,116	)

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Restricted Cash

9 Months Ended

Apr. 30, 2021

Cash and Cash Equivalents [Abstract]

Restricted Cash

NOTE 5. RESTRICTED CASH

The Company early adopted Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash, which requires that restricted cash be included with cash and cash equivalents when reconciling the beginning of year and end of year total amounts shown on the statements of cash flows. The restricted cash is collateral required by the local government in China for business operation certificate Gelinke holds.

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the balance sheets that sum to the total of the same such amounts shown in the statements of cash flows.

	April 30, 2021 (unaudited)		April 30, 2020 (unaudited)
Cash and cash equivalents	$	64,585	$	28,567
Restricted cash, noncurrent		26,515		28,425
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	91,100	$	56,992

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Prepaid and Other Current Receivables

9 Months Ended

Apr. 30, 2021

Prepaid Expense and Other Assets, Current [Abstract]

Prepaid and Other Current Receivables

NOTE 6. PREPAID AND OTHER CURRENT RECEIVABLES

Prepaid and other current receivable amounts of $274,623 and $173,819 as of April 30, 2021 and July 31, 2020, respectively, mainly consist of advances for purchase and decoration project, prepaid rent, employee operating advances and others.

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Inventories

9 Months Ended

Apr. 30, 2021

Inventory Disclosure [Abstract]

Inventories

NOTE 7. INVENTORYIES

Inventory mainly consists of books, the early childhood education materials. Inventory is stated at the lower of cost or net realizable value. As of April 30, 2021 and July 31, 2020, inventory balance was $323,194 and nil, respectively.

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Property and Equipment, Net

9 Months Ended

Apr. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

NOTE 8. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following at April 30, 2021 and July 31, 2020:

	April 30,			July 31,
	2021 (unaudited)			2020
Leasehold improvements	$	199,099		$	181,378
Finance lease assets		290,158			269,304
Furniture and fixtures		272,817			202,241
Office equipment and vehicles		161,220			112,759
Construction in progress		66,915			19,326
		990,209			785,008
Less: accumulated depreciation and amortization		(403,726	)		(317,127	)
	$	586,483		$	467,881

Depreciation expense for the three months and nine months ended April 30, 2021 were $26,039 and $60,662, respectively. Depreciation expense for the three months and nine months ended April 30, 2020 were $3,935 and $12,511, respectively.

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Other Assets

9 Months Ended

Apr. 30, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

NOTE 9. OTHER ASSETS

Other assets consist of the following at April 30, 2021 and July 31, 2020:

	April 30, 2021 (unaudited)		July 31, 2020
Other miscellaneous assets	$	34,606	$	40,265
Rental deposits		343,008		288,970
Deferred cost of finance lease		-		-
	$	377,614	$	329,235

During 2019 HZLJ acquisition, the cost of obtaining the finance lease of the land use rights and hotel building at HZLJ, in the amount of $879,800 (RMB 6 million) was recognized as Other Assets and subject for amortization over the remaining lease term, 41 years commenced on October 2010. The amortization is computed using the straight-line method over the remaining lease term. Amortization expenses of deferred cost of finance lease for the three months and nine months ended April 30, 2020 were $5,274 and $15,930, respectively. Given the impact of COVID-19 pandemic and the unfavorable operation results, management determined that the deferred cost of finance lease was fully impaired as of July 31, 2020 and $621,963 impairment cost was recorded for the year ended July 31, 2020.

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Other Current Payable

9 Months Ended

Apr. 30, 2021

Payables and Accruals [Abstract]

Other Current Payable

NOTE 10. OTHER CURRENT PAYABLE

The following is a breakdown of the accounts and other payables as of April 30, 2021 and July 31, 2020:

	April 30, 2021 (unaudited)		July 31, 2020
Payable to acquirees	$	151,028	$	130,138
Unearned revenue		431,326		75,861
Rental payables		385,647		252,154
Accrued payroll		90,443		48,534
Payable to publisher		139,020		-
Other payables		142,125		110,432
	$	1,339,589	$	617,119

Payable to acquirees is the unpaid consideration for the acquisitions during 2019 and 2020. Rental payable is accrued for unpaid rent.

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Stockholders' Equity

9 Months Ended

Apr. 30, 2021

Equity [Abstract]

Stockholders' Equity

NOTE 11. STOCKHOLDERS’ EQUITY

On July 3, 2020, the Company entered a subscription agreement of 1,000,000 shares of common stock (the “Shares”) with a significant shareholder of the Company priced at $0.02 per share. $20,000 subscription was received, and the shares were issued on November 24, 2020. Given the trade volume and level of activities of HFUS stock in the market is very low, for which the market is considered inactive, therefore the quoted market price might not be the best indication of fair value pursuant to ASC 820-10-35, thus, management concluded that the Shares was issued at the fair market value.

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Leases

9 Months Ended

Apr. 30, 2021

Leases [Abstract]

Leases

NOTE 12. LEASES

At the inception of a contract, the Company assesses whether the contract is, or contains, a lease. Leases are classified as either finance leases or operating leases based on criteria in Accounting Standards Codification (“ASC”) 842. Operating leases are included in ROU assets-Operating lease, Current Operating Lease liabilities and Operating lease liabilities, finance leases are included in Property and Equipment and Other Liabilities in the condensed Consolidated Balance Sheet.

Right-of-use (“ROU”) assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As the lease did not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the lease commencement date in China market. ROU assets also include any lease payments made and exclude lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for operating leases, consisting of lease payments, is recognized on a straight-line basis over the lease term. Lease expense for finance leases consists of the amortization of the ROU asset on a straight-line basis over the asset’s estimated useful life and interest expense is calculated using the amortized cost basis.

As of April 30, 2021, the Company has multiple operating leases for office spaces and a finance lease of land and hotel building. Our operating leases have remaining lease terms ranging from two years to six years, with various term extensions available. Our finance lease has remaining lease term of thirty-one years. The Company has elected not to recognize ROU assets and lease liabilities for short-term operating leases that have a term of twelve months or less.

On June 2018 and January 2019, HFSH and HF Int’l Education entered two lease agreements with Shanghai Longjin Corporate Management Co., Ltd (the “Sublessor”) to lease office spaces (the “Subleases”). HFSH and HF Int’l Education received Notices of Lease Termination from the Sublessor for late payments on April 13, 2020 and filed a civil lawsuit against the Sublessor on July 10, 2020 (see Note 15). And the original lease agreement entered between the Sublessor and the landlord of the office building (the “Landlord”) was terminated by the Landlord on June 1, 2020 due to payment default. The two sublease agreements entered with the Sublessor was terminated on June 1, 2020 and approximately $921,000 ROU and $891,000 lease liability associated with the two Subleases as of May 31, 2020 were eliminated and $29,000 other expenses was recognized as a result. HF Int’l Education entered a new lease agreement with the Landlord on June 1, 2020 for the same office spaces with a five-year term.

On September 1, 2020, Gelinke entered a five-year new lease agreement at the same location upon the completion of the acquisition. Approximately $1.2 million ROU and lease liability, respectively, were recognized with the new lease at lease commencement date.

HZHF terminated its original office lease on January 6, 2021. Approximately $287,000 ROU and $258,000 lease liability associated with the original lease agreement were eliminated. On January 9, 2021, HFHZ entered into a two-year new lease with smaller space at the same location. Approximately $49,000 ROU and lease liability, respectively, were recognized with the new lease at lease commencement date.

The finance lease was obtained through HZLJ acquisition on March 22, 2019. On October 1, 2010, HZLJ took over the lease of the land and hotel building for 41 years. Finance lease right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease.

Lease-related assets and liabilities on April 30, 2021 and July 31, 2020 were as follows:

	April 30,			July 31,
	2021 (unaudited)			2020
Assets
Finance lease right-of-use assets, cost	$	290,158		$	269,304
Less: accumulated amortization		(74,899	)		(64,589	)
Finance lease right-of-use assets, net		215,259			204,715
ROU assets-Operating lease		5,146,679			4,499,693
Total Lease ROU assets	$	5,361,938		$	4,704,408
Liabilities
Current Operating Lease liabilities	$	1,051,972		$	739,352
Operating lease liabilities, noncurrent		4,338,532			3,916,259
Finance lease liabilities, noncurrent		361,125			336,791
Total Lease liabilities	$	5,751,629		$	4,992,402

The components of lease cost for the three months and nine months ended April 30, 2021 and 2020 were as follows:

	Three months ended April 30,				Nine months ended April 30,
	2021 (unaudited)		2020 (unaudited)		2021 (unaudited)		2020 (unaudited)
Operating lease cost	$	356,715	$	268,727	$	1,047,066	$	731,886
Finance leases:
Amortization of ROU assets		1,744		1,582		5,308		4,884
Interest on finance lease liabilities		6,785		6,065		20,652		18,733
Finance lease cost		8,529		7,647		25,960		23,617
Total lease cost	$	365,244	$	276,374	$	1,073,026	$	755,503

Supplemental cash flow information for leases for the nine months ended April 30, 2021 and 2020 was as follows:

	Nine months ended April 30,
	2021 (unaudited)		2020 (unaudited)
Operating cash flows paid for operating leases	$	773,347	$	357,617
Financing cash flows paid for finance leases		21,900		19,824

The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases at April 30, 2021 was as follows:

	Operating Leases			Finance Leases
Weighted-average remaining lease term (years)		4.3			30.3
Weighted-average discount rate		8	%		8	%

The following table reconciles the undiscounted future minimum lease payments for operating and finance leases executed at April 30, 2021:

	Operating Leases			Finance Leases
2021 (excluding the nine-month ended April 30, 2020)	$	330,710		$	-
2022		1,513,819			23,170
2023		1,465,987			23,942
2024		1,532,968			24,715
2025		1,446,236			25,487
2026 and thereafter		116,245			980,089
Total lease payments	$	6,405,965		$	1,077,403
Less interest		(1,015,461	)		(716,278	)
Present value of future lease payments	$	5,390,504		$	361,125
Including: current lease liabilities		1,051,972			-
noncurrent lease liabilities		4,338,532			361,125

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Related Party Transactions

9 Months Ended

Apr. 30, 2021

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 13. RELATED PARTY TRANSACTIONS

Related Party Receivables

As of April 30, 2021 and July 31, 2020, amount of $0 and $703,776, respectively, is due from Shanghai Qiaohong Real Estate Co., Ltd. (“SH Qiaohong”), the noncontrolling interest of Longjing. The balance was acquired through HFSH acquisition. HFSH lent the amount to SH Qiaohong for two years on June 21, 2018 bearing annual interest of six percent. On August 1, 2020, the loan has been extended to July 31, 2022. The balance was settled through a Three-way settlement agreement on December 31, 2020, see following “Three-Party Settlement Agreement” paragraph for detail. For the three months and nine months ended April 30, 2021, $0 and $18,535 of interest income were recognized, respectively. For the three months and nine months ended April 30, 2020, $9,175 and $28,128 of interest income were recognized, respectively.

The remaining related party receivable of $30,277 and $49,300 as of April 30, 2021 and July 31, 2020, respectively, represents the operating advances made to the affiliates which are managed by the same management team. These advances do not bear interest and are considered due on demand.

Related Party Payables

As of April 30, 2021 and July 31, 2020, amounts of $610,345 and $674,830, are payable to SH Qiaohong, respectively. Majority of the balance at July 31, 2020 was assumed through HFSH acquisition, under its 90 percent owned entity, Qiao Garden Intl Travel. This payable balance does not bear interest and due on demand. This balance was settled through a Three-way settlement agreement on December 31, 2020, see following “Three-Party Settlement Agreement” paragraph for detail. HFSH obtained approximately $597,000 and $0 funding support from SH Qiaohong for operation, during the nine months ended April 30, 2021 and 2020, respectively. The funding support bears no interest and due on demand.

As of April 30, 2021 and July 31, 2020, amount of $617,866 and $594,965, respectively, is payable to Shanghai Qiao Garden Property Management Group (“Qiao Garden Group”), an entity managed by the same management team. The balance was assumed through HZLJ acquisition. This payable balance does not bear interest and is considered due on demand.

HFSH had payable balances to Shanghai Oversea Chinese Culture Media Ltd. (“SH Oversea”), an entity managed by the same management team, in the amounts of $2,466,720 and $1,012,650 as of April 30, 2021 and July 31, 2020, respectively. The payable is funding support from SH Oversea for operation, bears no interest and due on demand.

From September 2020 to April 2021, the Company borrowed several notes in a total amount of $125,000, in form of a short-term loan at 5% per annum from a related party, Hartford Hotel Investment Inc., an entity managed by the same management team. $1,205 and $2,131 of interest expense were recorded during the three months and nine months ended April 30, 2021, respectively. The unpaid principal and interest will be due on demand.

As of April 30, 2021 and July 31, 2020, the Company has $649,677 and $592,106, respectively, short-term payable to Shanghai DuBian Assets Management Ltd. (“Dubian”), which is owned by the Company’s CEO’s relative. The payable balance was assumed from the acquisition transaction. On April 30, 2019, both parties entered a long-term agreement to convert the payable to a long-term debt, with expiration date on April 30, 2021, bearing approximately 2.5 percent of annual interest. On April 30, 2021, both parties entered a second long-term agreement to extend another two years, with expiration date on April 30, 2023, bearing approximately 4 percent of annual interest. $3,803 and $ 11,461 of interest expense were recognized during the three months and nine months ended April 30, 2021, respectively. $3,517 and $10,784 of interest expense were recognized during the three and nine months ended April 30, 2020, respectively. The unpaid principal and interest will be due on the maturity date. This loan payable is not exposed to market risk due to the stable and fixed interest rates in accordance with the loan agreements. As of April 30, 2021 and July 30, 2020, the estimated fair value of long term loan payable was approximately $648,244 and $591,521, respectively.

The remaining related party payable of $9,268 and $92,100 as of April 30, 2021 and July 31, 2020, respectively, represents the unpaid portion of operating advances made to the Company by affiliates which are managed by the same management team. These advances do not bear interest and are considered due on demand.

Three-Party Settlement Agreement

On December 31, 2020, a Three-Party Settlement agreement among HFSH, SH Qiaohong and Qiao Garden Intl Travel was entered. Pursuant to the agreement, around $721,000 (RMB$5,031,699) payable due to SH Qiaohong under HFSH was settled with the receivable due from the same related party under Qiao Garden Intel Travel through withdrawal of 90% ownership of Qiao Garden Intl Travel HFSH owned. Total RMB5.0 million including the original investment RMB 4.5 million was withdrawn from Qiao Garden Intel Travel, and $104,317 (RMB697,000) gain on disposal was recognized at disposal date.

Other Related Party Transactions

Office space at Rosemead, CA is provided to Hartford Great Health Corp. at no cost by the sole executive officer. No provision for these costs has been included in these financial statements as the amounts are not material.

On September 30, 2019, HF Int’l Education entered two debt agreements with the related parties, SH Qiao Hong and SH Oversea. Each debt agreement provides a line of credit up to RMB9.0 million with two-year term, bearing 3.0% annum interest rate. The unpaid principal and interest will be due on the maturity dates. As of April 30, 2021, no balance was withdrawn from the two line of credits by HF Int’l Education.

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Noncontrolling Interests

9 Months Ended

Apr. 30, 2021

Noncontrolling Interest [Abstract]

Noncontrolling Interests

NOTE 14. NONCONTROLLING INTERESTS

Noncontrolling interests consisted of the following as of April 30, 2021 and 2020:

Name of Entity	% of Non-Controlling Interests			July 31, 2020			Net loss			Disposal of subsidiary			Foreign currency translation adjustment			April 30, 2021 (unaudited)
HZLJ		40.0	%	$	(889,068	)	$	(31,741	)	$	-		$	(32,835	)	$	(953,644	)
HF Int’l Education		24.5	% *		(88,692	)		(456,606	)		-			(19,445	)		(564,743	)
Qiao Garden Intl Travel		10.0	%		60,271			1,827			(62,098	)		-			-
Total				$	(917,489	)	$	(486,520	)	$	(62,098	)	$	(52,280	)	$	(1,518,387	)

*90% equity of SHHZJ, a limited partnership and 10% shareholder of HF Int’l Education, is held by Mr. Song, CEO of the Company on behalf of an unrelated individual. However, HF Int’l Education does not have the obligation to absorb losses of SHHZJ or a right to receive benefits from SHHZJ that could potentially be significant to SHHZJ, thus, SHHZJ is not considered a VIE of HF Int’l Education.

Name of Entity	% of Non-Controlling Interests			July 31, 2019			Net loss			Disposal of Noncontrolling interest			Investment from Noncontrolling Interest		Foreign currency translation adjustment			April 30, 2020 (unaudited)
HZLJ		40.0	%	$	(250,794	)	$	(234,594	)	$	-		$	-	$	(11,826	)	$	(497,214	)
HF Int’l Education		41.5	%		104,923			(265,492	)		(15,583	)		7,106		(4,118	)		(173,164	)
Qiao Garden Intl Travel		10.0	%		64,730			(6,611	)		-			-		1,416			59,535
Total				$	(81,141	)	$	(506,697	)	$	(15,583	)	$	7,106	$	(14,528	)	$	(610,843	)

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Commitments and Contingencies

9 Months Ended

Apr. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 15. COMMITMENTS AND CONTINGENCIES

There has been below material contractual obligations and other commitments except the lease commitments disclosed in Note 12 Leases.

On June 2018 and January 2019, HFSH and HF Int’l Education entered two lease agreements with Shanghai Longjin Corporate Management Co., Ltd (the “Sublessor”) to lease some office spaces. On April 13, 2020, HFSH and HF Int’l Education received Notices of Lease Termination from the Tenant for late payments. HFSH and HF Int’l Education then filed a civil case against the Sublessor for over-charged rent fees because of fictitious office size and requested refund in the total amount approximately $481,000 (RMB3.3 million) till July 10, 2020. The Sublessor was further in default under the lease agreements due to its lease agreement with the landlord of the office properties (the “Landlord”) was terminated on June 1, 2020 by the Landlord. The initial hearing was held on May 13, 2021, at Hongkou District Court in Shanghai. The district court expects a ruling in the next few weeks.

The Company accrued the full amount of rent expense for the period ended May 31, 2020 and the accrued rental payable was $158,471 and $147,082 associated with this Tenant under the two lease agreements as of April 30, 2021 and July 31, 2020, respectively. HF Int’l Education entered a new lease agreement with the Landlord on June 1, 2020 for the same office spaces in a five-year term.

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Segment Information

9 Months Ended

Apr. 30, 2021

Segment Reporting [Abstract]

Segment Information

NOTE 16. SEGMENT INFORMATION

The Company currently operates in following industry segments: hospitality (hotel and travel agency) and early childhood education industry in China.

Segment information on assets as of April 30, 2021 and revenue generated during the nine months ended April 30, 2021, as follows:

	Hospitality			Education			Corporate and unallocated			Total
Revenue	$	86,705		$	233,499		$	-		$	320,204
Operating loss		(225,567	)		(1,864,038	)		(123,914	)		(2,213,519	)
Loss before tax		(132,291	)		(1,863,698	)		(126,958	)		(2,122,947	)
Net Loss Attributable to Hartford Great Health Corp		(102,377	)		(1,407,092	)		(127,758	)		(1,637,227	)
Total assets (excluding Intercompany balances)		382,491			6,462,391			56,717			6,901,599

Segment information on assets as of April 30, 2020 and revenue generated during the nine months ended April 30, 2020, as follows:

							Corporate and
	Hospitality			Education			unallocated			Total
Revenue	$	54,736		$	11,483		$	—		$	66,219
Operating loss		(1,606,339	)		(559,073	)		(138,653	)		(2,304,065	)
Operating loss before tax		(2,108,568	)		(58,815	)		(124,959	)		(2,292,342	)
Net Loss Attributable to Hartford Great Health Corp		(1,305,463	)		(355,222	)		(125,760	)		(1,786,445	)
Total assets (excluding Intercompany balances)		1,668,556			3,259,431			1,014,985			5,942,972

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Subsequent Events

9 Months Ended

Apr. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

NOTE 17. SUBSEQUENT EVENTS

In accordance with ASC 855, “Subsequent Events”, the Company has evaluated subsequent events through the date of issuance of these unaudited financial statements and has noted no subsequent events to be disclosed.

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Apr. 30, 2021

Accounting Policies [Abstract]

Organization

Organization

Hartford Great Health Corp. was originally incorporated in the State of Nevada on April 2, 2008 under the name PhotoAmigo, Inc. It changed its name to Hartford Great Health Corp. on August 22, 2018 and since then we have been engaged in activities to formulate and implement our business plans.

Through its wholly owned subsidiary - Hangzhou Hartford Comprehensive Health Management, Ltd (“HZHF) and HZHF’s 60 percent owned subsidiary - Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. (“HZLJ”), and through Shanghai Hartford Comprehensive Health Management, Ltd. (“HFSH”) and its 90 percent owned subsidiary - Shanghai Qiao Garden International Travel Agency (“Qiao Garden Int’l Travel”), the Company engages in hospitality industry in China. Qiao Garden Int’l Travel was disposed on December 31, 2020, see note 4 Acquisitions, Joint Ventures and Deconsolidation.

The Company started to engage in early childhood education industry at Hartford International Education Technology Co., Ltd (“HF Int’l Education”), a 75.5% ownership subsidiary of HFSH on March 2019. On July 24, 2019 and March 23, 2020, HF Int’l Education established two 100% owned subsidiaries, Pudong Haojin Childhood Education Ltd. (“PDHJ”) and Shanghai Hongkou HaiDeFuDe Childcare Co., Ltd.(“HDFD”), respectively, to operate the early childhood education service under the brand name of “HaiDeFuDe” in Shanghai, China. On July 20, 2020, HF Int’l Education entered an agreement with two individuals to acquire the whole ownership of Shanghai Gelinke Childcare Education Center (“Gelinke”).

Basis of Presentation

Basis of Presentation

The consolidated financial statements include the accounts of Hartford Great Health Corp, its wholly-owned subsidiaries and subsidiaries in which it has a controlling interest. The Company reports noncontrolling interests of the consolidated entities as a component of equity separate from the Company’s equity. All material inter-company transactions between and among the Company and its consolidated subsidiaries have been eliminated in the consolidation. The Company’s net income (loss) excludes income (loss) attributable to the noncontrolling interests.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires the Company’s management to make estimates and assumptions that affect the amounts of assets and liabilities, the identification and disclosure of impaired assets and contingent liabilities at the date of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications

Reclassifications

Certain amounts on the prior-year consolidated balance sheet, consolidated statement of operations and cash flows were reclassified to conform to current-year presentation, with no effect on ending stockholders’ equity.

Income Taxes

Income Taxes: The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Accounting for Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

On December 22, 2017, the President of the United States signed into law the Tax Reform Act. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. In addition, the 2017 Tax Act also creates a new requirement that certain income (i.e., Global Intangible Low-Taxed Income (“GILTI”)) earned by controlled foreign corporations (“CFCs”) must be included in the gross income of the CFCs’ U.S. shareholder income. The tax law in PRC applies an income tax rate of 25% to all enterprises. The Company’s subsidiary does not receive any preferential tax treatment from local government. The Company has been in loss position for years and zero amount of tax provisions, including GILTI. Deferred tax assets as of the reporting periods ended were fully reserved for valuation allowance as they are more likely than not to be realized.

Revenue Recognition

Revenue Recognition

The Company adopted ASC Topic 606 Revenue from Contracts with Customers (“Topic 606) on August 1, 2018, applying the modified retrospective method to all contracts that were not completed as of August 1, 2018. The Company is building up its core business upon the completion of multiple acquisitions on March 2019 and impact of COVID-19 pandemic, limited operations occurred during the three months and nine months ended April 30, 2021 and 2020. The revenue during the three months and nine months ended April 30, 2021 and 2020, were mainly generated from HZLJ and HF Int’l Education and their subsidiaries.

Revenue is recognized when control of promised goods or services is transferred to our customers in an amount of consideration to which we expect to be entitled to in exchange for those goods or services. We follow the five steps approach for revenue recognition under Topic 606: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) we satisfy a performance obligation.. Billings to customers for which services are not rendered are considered deferred revenue. ASC 606 has no material impacts on the Company’s financial positions. The Company’s revenue is recognized when it satisfies a single performance obligation by transferring control of its products or providing services to a customer. The Company’s general payment terms are short-term in duration. The Company does not have significant financing components or payment terms. The Company recorded unearned revenue, amount of $431,326 and $75,861 as of April 30, 2021 and July 31, 2020, respectively.

a.

Early childhood education services: HF Int’l Education generates revenue from childhood education classes provided to its customers. The educational services consist of parent-child and bilingual childcare classes. Each contract of educational classes is accounted for as a single performance obligation which is satisfied proportionately over the service period. Tuition fee is generally collected in advance and is initially recorded as deferred revenue. Refunds are provided to parents if they decide within the trial period that they no longer want to take the class. After the trial period, if a parent withdraws from a class, usually only that unearned portion of the fee is available to be returned.

b.

Hospitality services: HZLJ generates revenue primarily from the room rentals, sale of food and beverage and other miscellaneous hospitality services. The Company recognizes room rental and services daily as services are provided. Under ASC 606, the pattern and timing of recognition of income from hotel facility is consistent with the prior accounting model.

Recent Accounting Pronouncements

Recent Accounting Pronouncements.

Recently adopted accounting pronouncements

In January 2017, the FASB issued ASU No. 2017-04, “Intangibles and Other (Topic 350): Simplifying the Test for Goodwill Impairment”, which eliminates the requirement to calculate the implied fair value of goodwill, but rather requires an entity to record an impairment charge based on the excess of a reporting unit’s carrying value over its fair value. This amendment is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company early adopted ASU No. 2017-04 on January 31, 2020. Management determined the goodwill generated from HZLJ and HFSH acquisition was fully impaired as of January 31, 2020.

In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. ASU No. 2016-02 requires the recognition of lease assets and lease liabilities on the balance sheet for leases classified as operating leases under previous guidance. The accounting for finance leases (capital leases) was substantially unchanged. The original guidance required application on a modified retrospective basis with adjustments to the earliest comparative period presented. In August 2018, the FASB issued ASU No. 2018-11, “Targeted Improvements to ASC 842,” which included an option to not restate comparative periods in transition and elect to use the effective date of ASU No. 2016-02 as the date of initial application, which the Company elected. As a result, the consolidated balance sheet prior to August 1, 2019 was not restated, and continues to be reported under previous guidance that did not require the recognition of operating lease liabilities and corresponding lease assets on the consolidated balance sheet. The cumulative effect of the changes made to our Condensed Consolidated Balance Sheet at August 1, 2019 for the adoption of the new lease standard was as follows:

	Balance at					Balance at
	July 31, 2019		Adjustments			August 1, 2019
Assets:
Prepaid and Other current receivables		386,700		(74,197	)		312,503
ROU assets-Operating lease		—		4,185,827			4,185,827
Liabilities:
Current Operating Lease liabilities		—		651,424			651,424
Operating lease liabilities		—		3,481,229			3,481,229

The adoption of ASU No. 2016-02 had an immaterial impact on the Company’s consolidated statement of operation and consolidated statement of cash flows for the year ended July 31, 2020. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed the Company to carry forward the historical lease classification, not reassess prior conclusions related to expired or existing contracts that are or that contain leases, and not reassess the accounting for initial direct costs. Operating leases with a term of 12 months or less will not be recorded on the Consolidated Balance Sheet. Additional information and disclosures required by ASU No. 2016-02 are contained in Note 12 Leases.

Recently issued accounting pronouncements not yet adopted

In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses”. The standard, including subsequently issued amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10 and ASU 2019-11), requires a financial asset measured at amortized cost basis, such as accounts receivable and certain other financial assets, to be presented at the net amount expected to be collected based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. In November 2019, the FASB issued ASU No. 2019-10 to postpone the effective date of ASU No. 2016-13 for public business entities eligible to be smaller reporting companies defined by the SEC to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is evaluating the impact of this guidance on its consolidated financial statements.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes which is intended to simplify various aspects related to accounting for income taxes. The standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the effects of the standard on our consolidated financial statements and related disclosures.

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The standard provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions in which the reference LIBOR or another reference rate are expected to be discontinued as a result of the Reference Rate Reform. The standard is effective for all entities. The standard may be adopted as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020 through December 31, 2022. The Company is currently evaluating the effects of the standard on our consolidated financial statements and related disclosures.

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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Apr. 30, 2021

Accounting Policies [Abstract]

Schedule of Cumulative Effect of Changes in Financial Statement

The cumulative effect of the changes made to our Condensed Consolidated Balance Sheet at August 1, 2019 for the adoption of the new lease standard was as follows:

	Balance at					Balance at
	July 31, 2019		Adjustments			August 1, 2019
Assets:
Prepaid and Other current receivables		386,700		(74,197	)		312,503
ROU assets-Operating lease		—		4,185,827			4,185,827
Liabilities:
Current Operating Lease liabilities		—		651,424			651,424
Operating lease liabilities		—		3,481,229			3,481,229

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Restatements (Tables)

9 Months Ended

Apr. 30, 2021

Restatements Tables Abstract

Schedule of Restated Consolidated Statement of Cash Flow

Restated Consolidated Statement of Cash Flow (adjusted line items):

	For the nine months ended April 30, 2020
	As previously reported			As restated			Changes
Cash flows from operating activities:
Related party receivables and payables		695,432			74,011			621,421
Net cash provided by (used in) operating activities		2,036			(619,385	)		621,421
Cash flows from financing activities:
Advances from related parties		-			621,421			(621,421	)
Net cash (used in) provided by financing activities		(12,744	)		608,677			(621,421	)

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Acquisitions, Joint Ventures and Deconsolidation (Tables)

9 Months Ended

Apr. 30, 2021

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary calculation of purchase price and purchase price allocation is as follows:

	Assets Acquired and Liabilities Assumed
Cash and cash equivalents		1,809
Restricted Cash		25,009
Prepaid and Other current receivables		4,696
Property and Equipment, net		4,294
Unearned revenue		(78,696	)
Goodwill		67,712
Total consideration*		24,824

*$10,462 (RMB70,000) payable to the acquiree plus $14,362 (RMB100,000) cash payment totaled $24,824 consideration for the acquisition.

Schedule of Net Assets (Liabilities) Disposed of Subsidiary

Net assets (liabilities) disposed of:

Net assets (liabilities) disposed of:
Cash and cash equivalents	172
Restricted cash	29,944
Related party receivable	782,224
Related party payable	(98,615	)
Other current payable	(3,876	)
Noncontrolling interest	(60,812	)
Net assets of the subsidiary, excluding noncontrolling interest	649,037
Consideration	753,354
Gain on disposal of the subsidiary	(104,317	)
Gain on disposal of noncontrolling interest	(60,812	)
Gain on disposal of the subsidiary, excluding noncontrolling interest	(43,505	)

Schedule of Net Inflow (Outflow) of Cash and Cash Equivalents of Disposal Subsidiary

Net inflow / (outflow) of cash and cash equivalents in respect of the disposal subsidiary:

Cash and cash equivalents	(172	)
Restricted cash	(29,944	)
Cash and cash equivalents deconsolidated	(30,116	)

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Restricted Cash (Tables)

9 Months Ended

Apr. 30, 2021

Cash and Cash Equivalents [Abstract]

Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the balance sheets that sum to the total of the same such amounts shown in the statements of cash flows.

	April 30, 2021 (unaudited)		April 30, 2020 (unaudited)
Cash and cash equivalents	$	64,585	$	28,567
Restricted cash, noncurrent		26,515		28,425
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$	91,100	$	56,992

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Property and Equipment, Net (Tables)

9 Months Ended

Apr. 30, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

Property and equipment, net consists of the following at April 30, 2021 and July 31, 2020:

	April 30,			July 31,
	2021 (unaudited)			2020
Leasehold improvements	$	199,099		$	181,378
Finance lease assets		290,158			269,304
Furniture and fixtures		272,817			202,241
Office equipment and vehicles		161,220			112,759
Construction in progress		66,915			19,326
		990,209			785,008
Less: accumulated depreciation and amortization		(403,726	)		(317,127	)
	$	586,483		$	467,881

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Other Assets (Tables)

9 Months Ended

Apr. 30, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Assets

Other assets consist of the following at April 30, 2021 and July 31, 2020:

	April 30, 2021 (unaudited)		July 31, 2020
Other miscellaneous assets	$	34,606	$	40,265
Rental deposits		343,008		288,970
Deferred cost of finance lease		-		-
	$	377,614	$	329,235

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Other Current Payable (Tables)

9 Months Ended

Apr. 30, 2021

Payables and Accruals [Abstract]

Schedule of Accounts and Other Payables

The following is a breakdown of the accounts and other payables as of April 30, 2021 and July 31, 2020:

	April 30, 2021 (unaudited)		July 31, 2020
Payable to acquirees	$	151,028	$	130,138
Unearned revenue		431,326		75,861
Rental payables		385,647		252,154
Accrued payroll		90,443		48,534
Payable to publisher		139,020		-
Other payables		142,125		110,432
	$	1,339,589	$	617,119

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Leases (Tables)

9 Months Ended

Apr. 30, 2021

Leases [Abstract]

Schedule of Lease-related Assets and Liabilities

Lease-related assets and liabilities on April 30, 2021 and July 31, 2020 were as follows:

	April 30,			July 31,
	2021 (unaudited)			2020
Assets
Finance lease right-of-use assets, cost	$	290,158		$	269,304
Less: accumulated amortization		(74,899	)		(64,589	)
Finance lease right-of-use assets, net		215,259			204,715
ROU assets-Operating lease		5,146,679			4,499,693
Total Lease ROU assets	$	5,361,938		$	4,704,408
Liabilities
Current Operating Lease liabilities	$	1,051,972		$	739,352
Operating lease liabilities, noncurrent		4,338,532			3,916,259
Finance lease liabilities, noncurrent		361,125			336,791
Total Lease liabilities	$	5,751,629		$	4,992,402

Schedule of Components of Lease Cost

The components of lease cost for the three months and nine months ended April 30, 2021 and 2020 were as follows:

	Three months ended April 30,				Nine months ended April 30,
	2021 (unaudited)		2020 (unaudited)		2021 (unaudited)		2020 (unaudited)
Operating lease cost	$	356,715	$	268,727	$	1,047,066	$	731,886
Finance leases:
Amortization of ROU assets		1,744		1,582		5,308		4,884
Interest on finance lease liabilities		6,785		6,065		20,652		18,733
Finance lease cost		8,529		7,647		25,960		23,617
Total lease cost	$	365,244	$	276,374	$	1,073,026	$	755,503

Schedule of Supplemental Cash Flow Information for Leases

Supplemental cash flow information for leases for the nine months ended April 30, 2021 and 2020 was as follows:

	Nine months ended April 30,
	2021 (unaudited)		2020 (unaudited)
Operating cash flows paid for operating leases	$	773,347	$	357,617
Financing cash flows paid for finance leases		21,900		19,824

Schedule of Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate for Operating and Finance Leases

The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases at April 30, 2021 was as follows:

	Operating Leases			Finance Leases
Weighted-average remaining lease term (years)		4.3			30.3
Weighted-average discount rate		8	%		8	%

Schedule of Future Minimum Lease Payments for Operating and Finance Leases

The following table reconciles the undiscounted future minimum lease payments for operating and finance leases executed at April 30, 2021:

	Operating Leases			Finance Leases
2021 (excluding the nine-month ended April 30, 2020)	$	330,710		$	-
2022		1,513,819			23,170
2023		1,465,987			23,942
2024		1,532,968			24,715
2025		1,446,236			25,487
2026 and thereafter		116,245			980,089
Total lease payments	$	6,405,965		$	1,077,403
Less interest		(1,015,461	)		(716,278	)
Present value of future lease payments	$	5,390,504		$	361,125
Including: current lease liabilities		1,051,972			-
noncurrent lease liabilities		4,338,532			361,125

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Noncontrolling Interests (Tables)

9 Months Ended

Apr. 30, 2021

Noncontrolling Interest [Abstract]

Schedule of Noncontrolling Interests

Noncontrolling interests consisted of the following as of April 30, 2021 and 2020:

Name of Entity	% of Non-Controlling Interests			July 31, 2020			Net loss			Disposal of subsidiary			Foreign currency translation adjustment			April 30, 2021 (unaudited)
HZLJ		40.0	%	$	(889,068	)	$	(31,741	)	$	-		$	(32,835	)	$	(953,644	)
HF Int’l Education		24.5	% *		(88,692	)		(456,606	)		-			(19,445	)		(564,743	)
Qiao Garden Intl Travel		10.0	%		60,271			1,827			(62,098	)		-			-
Total				$	(917,489	)	$	(486,520	)	$	(62,098	)	$	(52,280	)	$	(1,518,387	)

*90% equity of SHHZJ, a limited partnership and 10% shareholder of HF Int’l Education, is held by Mr. Song, CEO of the Company on behalf of an unrelated individual. However, HF Int’l Education does not have the obligation to absorb losses of SHHZJ or a right to receive benefits from SHHZJ that could potentially be significant to SHHZJ, thus, SHHZJ is not considered a VIE of HF Int’l Education.

Name of Entity	% of Non-Controlling Interests			July 31, 2019			Net loss			Disposal of Noncontrolling interest			Investment from Noncontrolling Interest		Foreign currency translation adjustment			April 30, 2020 (unaudited)
HZLJ		40.0	%	$	(250,794	)	$	(234,594	)	$	-		$	-	$	(11,826	)	$	(497,214	)
HF Int’l Education		41.5	%		104,923			(265,492	)		(15,583	)		7,106		(4,118	)		(173,164	)
Qiao Garden Intl Travel		10.0	%		64,730			(6,611	)		-			-		1,416			59,535
Total				$	(81,141	)	$	(506,697	)	$	(15,583	)	$	7,106	$	(14,528	)	$	(610,843	)

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Segment Information (Tables)

9 Months Ended

Apr. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Information

Segment information on assets as of April 30, 2021 and revenue generated during the nine months ended April 30, 2021, as follows:

	Hospitality			Education			Corporate and unallocated			Total
Revenue	$	86,705		$	233,499		$	-		$	320,204
Operating loss		(225,567	)		(1,864,038	)		(123,914	)		(2,213,519	)
Loss before tax		(132,291	)		(1,863,698	)		(126,958	)		(2,122,947	)
Net Loss Attributable to Hartford Great Health Corp		(102,377	)		(1,407,092	)		(127,758	)		(1,637,227	)
Total assets (excluding Intercompany balances)		382,491			6,462,391			56,717			6,901,599

Segment information on assets as of April 30, 2020 and revenue generated during the nine months ended April 30, 2020, as follows:

							Corporate and
	Hospitality			Education			unallocated			Total
Revenue	$	54,736		$	11,483		$	—		$	66,219
Operating loss		(1,606,339	)		(559,073	)		(138,653	)		(2,304,065	)
Operating loss before tax		(2,108,568	)		(58,815	)		(124,959	)		(2,292,342	)
Net Loss Attributable to Hartford Great Health Corp		(1,305,463	)		(355,222	)		(125,760	)		(1,786,445	)
Total assets (excluding Intercompany balances)		1,668,556			3,259,431			1,014,985			5,942,972

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Summary of Significant Accounting Policies (Details Narrative) - USD ($)			9 Months Ended
	Jan. 02, 2018	Dec. 22, 2017	Apr. 30, 2021	Jul. 31, 2020	Mar. 23, 2020	Jul. 24, 2019	Mar. 31, 2019
Income tax rate	21.00%	35.00%
Unearned revenue			$ 431,326	$ 75,861
PRC [Member]
Income tax rate			25.00%
Hartford International Education Technology Co., Ltd [Member]
Equity ownership percentage							75.50%
Pudong Haojin Childhood Education Ltd [Member]
Equity ownership percentage						100.00%
Shanghai Hongkou HaiDeFuDe Childcare Co., Ltd [Member]
Equity ownership percentage					100.00%
Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. [Member]
Acquired percentage			60.00%
Shanghai Hartford Comprehensive Health Management, Ltd. [Member]
Acquired percentage			90.00%

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Summary of Significant Accounting Policies - Schedule of Cumulative Effect of Changes in Financial Statement (Details) - USD ($)	Apr. 30, 2021	Jul. 31, 2020	Aug. 02, 2019	Jul. 31, 2019
Prepaid and Other current receivables			$ 312,503	$ 386,700
ROU assets-Operating lease	$ 5,146,679	$ 4,499,693	4,185,827
Current Operating Lease liabilities	1,051,972	$ 739,352	651,424
Operating lease liabilities	$ 5,390,504		$ 3,481,229
Adjustments [Member]
Prepaid and Other current receivables				(74,197)
ROU assets-Operating lease				4,185,827
Current Operating Lease liabilities				651,424
Operating lease liabilities				$ 3,481,229

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Going Concern (Details Narrative) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (5,205,412)	$ (3,568,185)

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Restatements - Schedule of Restated Consolidated Statement of Cash Flow (Details) - USD ($)	9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Cash flows from operating activities:
Related party receivables and payables	$ 26,308	$ 74,011
Net cash provided by (used in) operating activities	(1,892,057)	(619,385)
Cash flows from financing activities:
Advances from related parties	1,941,842	621,421
Net cash (used in) provided by financing activities	$ 2,064,942	608,677
As Previously Reported [Member]
Cash flows from operating activities:
Related party receivables and payables		695,432
Net cash provided by (used in) operating activities		2,036
Cash flows from financing activities:
Advances from related parties
Net cash (used in) provided by financing activities		(12,744)
Change [Member]
Cash flows from operating activities:
Related party receivables and payables		621,421
Net cash provided by (used in) operating activities		621,421
Cash flows from financing activities:
Advances from related parties		(621,421)
Net cash (used in) provided by financing activities		$ (621,421)

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Acquisitions, Joint Ventures and Deconsolidation (Details Narrative)			9 Months Ended
	Dec. 31, 2020 CNY (¥)	Mar. 22, 2019	Apr. 30, 2021 CNY (¥)	Apr. 30, 2020 USD ($)	Jul. 31, 2020	Jun. 19, 2020 CNY (¥)	Jun. 30, 2019	May 31, 2019	Feb. 28, 2019	Jan. 31, 2019
Investment from noncontrolling interest | $				$ 7,106
HF Int'l Education [Member]
Noncontrolling shareholders, description		As a result, HFSH holds 75.5% of HF Int'l Education and totaling 24.5% equity held by noncontrolling shareholders.
Shanghai Senior Health Consulting Ltd. [Member]
Business acquired ownership interest									85.00%	85.00%
Shanghai Pasadena Ltd. [Member]
Business acquired ownership interest									55.00%	55.00%
Shanghai Luo Sheng International Trade Ltd. [Member]
Business acquired ownership interest										100.00%
Shanghai Ren Lai Ren Wang Restaurant Co., Ltd. [Member]
Business acquired ownership interest							60.00%	60.00%
Qiao Garden International Travel Agency [Member] | Hartford Great Health Management (Shanghai) Ltd. [Member]
Business acquired ownership interest	90.00%				90.00%
Disposed of owned subsidiary company percentage	90.00%
Qiao Garden International Travel Agency [Member] | RMB [Member] | Hartford Great Health Management (Shanghai) Ltd. [Member]
Investment from noncontrolling interest	¥ 4,500,000		¥ 4,500,000
Investment income	¥ 500,000		¥ 5,000,000
Shareholders [Member] | Hartford Great Health Management (Shanghai) Ltd. [Member] | Minimum [Member]
Noncontrolling ownership interest		61.00%
Shareholders [Member] | Hartford Great Health Management (Shanghai) Ltd. [Member] | Maximum [Member]
Noncontrolling ownership interest		65.00%
Joint Venture Agreement [Member]
Joint venture acquired ownership interest		65.00%
Joint Venture Agreement [Member] | Minimum [Member] | RMB [Member]
Registered capital						¥ 5,000,000
Joint Venture Agreement [Member] | Maximum [Member] | RMB [Member]
Registered capital						¥ 10,000,000

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Acquisitions, Joint Ventures and Deconsolidation - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - Shanghai Gelinke Childcare Education Center [Member]	Jul. 20, 2020 USD ($)
Cash and cash equivalents	$ 1,809
Restricted Cash	25,009
Prepaid and Other current receivables	4,696
Property and Equipment, net	4,294
Unearned revenue	(78,696)
Goodwill	67,712
Total consideration	$ 24,824	[1]

[1] $10,462 (RMB70,000) payable to the acquiree plus $14,362 (RMB100,000) cash payment totaled $24,824 consideration for the acquisition.

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Acquisitions, Joint Ventures and Deconsolidation - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) (Parenthetical) - Jul. 20, 2020 - Shanghai Gelinke Childcare Education Center [Member]		USD ($)	CNY (¥)
Purchase price		$ 10,462
Cash payments to acquire business		14,362
Total consideration	[1]	$ 24,824
RMB [Member]
Purchase price | ¥			¥ 70,000
Cash payments to acquire business | ¥			¥ 100,000

[1] $10,462 (RMB70,000) payable to the acquiree plus $14,362 (RMB100,000) cash payment totaled $24,824 consideration for the acquisition.

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Acquisitions, Joint Ventures and Deconsolidation - Schedule of Net Assets (Liabilities) Disposed of Subsidiary (Details) - Qiao Garden Intel Travel [Member]	Dec. 31, 2020 USD ($)
Cash and cash equivalents	$ 172
Restricted cash	29,944
Related party receivable	782,224
Related party payable	(98,615)
Other current payable	(3,876)
Noncontrolling interest	(60,812)
Net assets of the subsidiary, excluding noncontrolling interest	649,037
Consideration	753,354
Gain on disposal of the subsidiary	(104,317)
Gain on disposal of noncontrolling interest	(60,812)
Gain on disposal of the subsidiary, excluding noncontrolling interest	$ (43,505)

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Acquisitions, Joint Ventures and Deconsolidation - Schedule of Net Inflow (Outflow) of Cash and Cash Equivalents of Disposal Subsidiary (Details) - Qiao Garden Intel Travel [Member]	Dec. 31, 2020 USD ($)
Cash and cash equivalents	$ (172)
Restricted cash	(29,944)
Cash and cash equivalents deconsolidated	$ (30,116)

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Restricted Cash - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)	Apr. 30, 2021	Jul. 31, 2020	Apr. 30, 2020
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 64,585	$ 36,604	$ 28,567
Restricted cash, noncurrent	26,515	$ 28,673	28,425
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 91,100		$ 56,992

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Prepaid and Other Current Receivables (Details Narrative) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid and other current receivables	$ 274,623	$ 173,819

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Inventories (Details Narrative) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Inventory Disclosure [Abstract]
Inventory's net	$ 323,194

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Property and Equipment, Net (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 26,039	$ 3,935	$ 60,662	$ 12,511

XML

Property and Equipment, Net - Schedule of Property and Equipment, Net (Details) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Property and equipment, gross	$ 990,209	$ 785,008
Less: accumulated depreciation and amortization	(403,726)	(317,127)
Property and equipment, net	586,483	467,881
Leasehold Improvements [Member]
Property and equipment, gross	199,099	181,378
Finance Lease Assets [Member]
Property and equipment, gross	290,158	269,304
Furniture and Fixtures [Member]
Property and equipment, gross	272,817	202,241
Office Equipment and Vehicles [Member]
Property and equipment, gross	161,220	112,759
Construction in Progress [Member]
Property and equipment, gross	$ 66,915	$ 19,326

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Other Assets (Details Narrative)	3 Months Ended	9 Months Ended	12 Months Ended
	Apr. 30, 2020 USD ($)	Apr. 30, 2020 USD ($)	Jul. 31, 2020 USD ($)	Apr. 30, 2021 USD ($)	Jul. 31, 2019 USD ($)	Jul. 31, 2019 CNY (¥)
Finance lease				$ 361,125
Amortization expense	$ 5,274	$ 15,930
Impairment cost			$ 621,963
Land Use Rights and Hotel Building [Member]
Finance lease					$ 879,800
Land Use Rights and Hotel Building [Member] | RMB [Member]
Finance lease | ¥						¥ 6,000,000

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Other Assets - Schedule of Other Assets (Details) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other miscellaneous assets	$ 34,606	$ 40,265
Rental deposits	343,008	288,970
Deferred cost of finance lease
Other assets	$ 377,614	$ 329,235

XML

Other Current Payable - Schedule of Accounts and Other Payables (Details) - USD ($)	Apr. 30, 2021	Jul. 31, 2020
Payables and Accruals [Abstract]
Payable to acquirees	$ 151,028	$ 130,138
Unearned revenue	431,326	75,861
Rental payables	385,647	252,154
Accrued payroll	90,443	48,534
Payable to publisher	139,020
Other payables	142,125	110,432
Other Current Payables	$ 1,339,589	$ 617,119

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Stockholders' Equity (Details Narrative) - USD ($)		9 Months Ended
	Jul. 03, 2020	Apr. 30, 2021
Issuance of common stock, capital in cash		$ 20,000
Shareholder [Member] | Subscription Agreement [Member]
Issuance of common stock, shares	1,000,000
Share price	$ 0.02
Issuance of common stock, capital in cash	$ 20,000

XML

Leases (Details Narrative) - USD ($)	May 31, 2020	Apr. 30, 2021	Jan. 09, 2021	Jan. 06, 2021	Sep. 02, 2020	Jul. 31, 2020	Jun. 01, 2020	Aug. 02, 2019	Jul. 31, 2019
Finance leases remaining term		31 years
ROU of lease liability		$ 5,146,679				$ 4,499,693		$ 4,185,827
Lease liability		$ 5,390,504						$ 3,481,229
Two Sublease Agreements [Member]
ROU of lease liability	$ 921,000
Lease liability	891,000
Other expenses	$ 29,000
New Lease Agreement [Member]
Lease term							5 years
Shanghai Gelinke Childcare Education Center [Member] | Five-Year New Lease Agreement [Member]
ROU of lease liability					$ 1,200,000
Lease liability					$ 1,200,000
Lease term					5 years
Hangzhou Hartford Comprehensive Health Management, Ltd [Member]
Operating leases remaining term			2 years
ROU of lease liability			$ 49,000	$ 287,000
Lease liability			$ 49,000	$ 258,000
Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. [Member]
Finance leases remaining term		41 years
Minimum [Member]
Operating leases remaining term		2 years
Maximum [Member]
Operating leases remaining term		6 years

XML

Leases - Schedule of Lease-related Assets and Liabilities (Details) - USD ($)	Apr. 30, 2021	Jul. 31, 2020	Aug. 02, 2019	Jul. 31, 2019
Leases [Abstract]
Finance lease right-of-use assets, cost	$ 290,158	$ 269,304
Less: accumulated amortization	(74,899)	(64,589)
Finance lease right-of-use assets, net	215,259	204,715
ROU assets-Operating lease	5,146,679	4,499,693	$ 4,185,827
Total Lease ROU assets	5,361,938	4,704,408
Current Operating Lease liabilities	1,051,972	739,352	$ 651,424
Operating lease liabilities, noncurrent	4,338,532	3,916,259
Finance lease liabilities, noncurrent	361,125	336,791
Total Lease liabilities	$ 5,751,629	$ 4,992,402

XML

Leases - Schedule of Components of Lease Cost (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Leases [Abstract]
Operating lease cost	$ 356,715	$ 268,727	$ 1,047,066	$ 731,886
Amortization of ROU assets	1,744	1,582	5,308	4,884
Interest on finance lease liabilities	6,785	6,065	20,652	18,733
Finance lease cost	8,529	7,647	25,960	23,617
Total lease cost	$ 365,244	$ 276,374	$ 1,073,026	$ 755,503

XML

Leases - Schedule of Supplemental Cash Flow Information for Leases (Details) - USD ($)	9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Leases [Abstract]
Operating cash flows paid for operating leases	$ 773,347	$ 357,617
Financing cash flows paid for finance leases	$ 21,900	$ 19,824

XML

Leases - Schedule of Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate for Operating and Finance Leases (Details)	Apr. 30, 2021
Leases [Abstract]
Weighted-average remaining lease term (years) Operating Leases	4 years 3 months 19 days
Weighted-average remaining lease term (years) Finance Leases	30 years 3 months 19 days
Weighted-average discount rate Operating Leases	8.00%
Weighted-average discount rate Finance Leases	8.00%

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Leases - Schedule of Future Minimum Lease Payments for Operating and Finance Leases (Details) - USD ($)	Apr. 30, 2021	Jul. 31, 2020	Aug. 02, 2019	Jul. 31, 2019
Leases [Abstract]
Operating lease 2021 (excluding the nine-month ended April 30, 2020)	$ 330,710
Operating Leases, 2022	1,513,819
Operating Leases, 2023	1,465,987
Operating Leases, 2024	1,532,968
Operating Leases, 2025	1,446,236
Operating Leases, 2026 and thereafter	116,245
Operating Leases, Total lease payments	6,405,965
Less interest	(1,015,461)
Present value of future lease payments	5,390,504		$ 3,481,229
Including: current lease liabilities	1,051,972	$ 739,352	$ 651,424
Including: noncurrent lease liabilities	4,338,532	3,916,259
Finance Leases, 2021 (excluding the nine-month ended April 30, 2020)
Finance Leases, 2022	23,170
Finance Leases, 2023	23,942
Finance Leases, 2024	24,715
Finance Leases, 2025	25,487
Finance Leases, 2026 and thereafter	980,089
Finance Leases, Total lease payments	1,077,403
Less interest	(716,278)
Present value of future lease payments	361,125
Including: current lease liabilities
Including: noncurrent lease liabilities	$ 361,125	$ 336,791

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Related Party Transactions (Details Narrative)					3 Months Ended		9 Months Ended
	Apr. 30, 2021 USD ($)	Dec. 31, 2020 CNY (¥)	Sep. 30, 2019 CNY (¥)	Apr. 30, 2019	Apr. 30, 2021 USD ($)	Apr. 30, 2020 USD ($)	Apr. 30, 2021 USD ($)	Apr. 30, 2021 CNY (¥)	Apr. 30, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CNY (¥)	Jul. 31, 2020 USD ($)	Jul. 30, 2020 USD ($)
Proceeds from related party							$ 125,000
Estimated fair value of long term loans payable	$ 648,244				$ 648,244		648,244						$ 591,521
Investment from noncontrolling interest									7,106
Gain on disposal of subsidiary							104,317
RMB [Member]
Gain on disposal of subsidiary | ¥								¥ 697,000
Hartford Great Health Management (Shanghai) Ltd. [Member]
Due to/from related party										$ 721,000
Hartford Great Health Management (Shanghai) Ltd. [Member] | RMB [Member]
Due to/from related party | ¥											¥ 5,031,699
Hartford Great Health Management (Shanghai) Ltd. [Member] | Qiao Garden International Travel Agency [Member]
Acquired percentage										90.00%	90.00%	90.00%
Hartford Great Health Management (Shanghai) Ltd. [Member] | Qiao Garden International Travel Agency [Member] | RMB [Member]
Investment income | ¥		¥ 500,000						5,000,000
Investment from noncontrolling interest | ¥		¥ 4,500,000						¥ 4,500,000
Shanghai Qiaohong Real Estate Co., Ltd. [Member]
Related party receivables	0				0		$ 0					$ 703,776
Related party receivables, description							HFSH lent the amount to SH Qiaohong for two years on June 21, 2018 bearing annual interest of six percent. On August 1, 2020, the loan has been extended to July 31, 2022.	HFSH lent the amount to SH Qiaohong for two years on June 21, 2018 bearing annual interest of six percent. On August 1, 2020, the loan has been extended to July 31, 2022.
Interest income					0	9,175	$ 18,535		28,128
Related Party Payables	610,345				610,345		610,345					674,830
Proceeds from related party							597,000		0
Affiliates [Member]
Related party receivables	30,277				30,277		30,277					49,300
Related Party Payables	9,268				9,268		9,268					92,100
Shanghai Qiao Garden Property Management Group [Member]
Related Party Payables	617,866				617,866		617,866					594,965
Shanghai Oversea Chinese Culture Media Ltd. [Member]
Related Party Payables	2,466,720				2,466,720		2,466,720					1,012,650
Hartford Hotel Investment Inc [Member] | Related Party [Member]
Short term borrowings	$ 125,000				$ 125,000		$ 125,000
Short term debt interest rate, percentage	5.00%				5.00%		5.00%
Interest expense					$ 1,205		$ 2,131
Shanghai DuBian Assets Management Ltd. [Member]
Interest expense					3,803	$ 3,517	11,461		$ 10,784
Short-term and long-term payable	$ 649,677				$ 649,677		$ 649,677					$ 592,106
Expiration date				Apr. 30, 2021
Interest rate				2.50%
Shanghai DuBian Assets Management Ltd. [Member] | Second Long Term Agreement [Member]
Expiration date	Apr. 30, 2023
Interest rate	4.00%
HF Int'l Education [Member] | Two Debt Agreements [Member]
Debt instrument, term			2 years
Line of credit facility, annum interest rate			3.00%
HF Int'l Education [Member] | Two Debt Agreements [Member] | RMB [Member]
Line of credit facility, maximum borrowing capacity | ¥			¥ 9,000,000

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Noncontrolling Interests - Schedule of Noncontrolling Interests (Details) - USD ($)	3 Months Ended			9 Months Ended
	Apr. 30, 2021		Apr. 30, 2020	Apr. 30, 2021		Apr. 30, 2020
Non-Controlling Interests beginning balance				$ (917,489)		$ (81,141)
Net loss	$ (130,040)		$ (108,680)	(486,520)		(506,697)
Disposal of subsidiary				(62,098)
Disposal of Noncontrolling interest						(15,583)
Investment from Noncontrolling Interest						7,106
Foreign currency translation adjustment				(52,280)		(14,528)
Non-Controlling Interests ending balance	$ (1,518,387)		$ (610,843)	$ (1,518,387)		$ (610,843)
HZLJ [Member]
% of Non-Controlling Interests	40.00%		40.00%	40.00%		40.00%
Non-Controlling Interests beginning balance				$ (889,068)		$ (250,794)
Net loss				(31,741)		(234,594)
Disposal of subsidiary
Disposal of Noncontrolling interest
Investment from Noncontrolling Interest
Foreign currency translation adjustment				(32,835)		(11,826)
Non-Controlling Interests ending balance	$ (953,644)		$ (497,214)	$ (953,644)		$ (497,214)
HF Int'l Education [Member]
% of Non-Controlling Interests	24.50%	[1]	41.50%	24.50%	[1]	41.50%
Non-Controlling Interests beginning balance				$ (88,692)		$ 104,923
Net loss				(456,606)		(265,492)
Disposal of subsidiary
Disposal of Noncontrolling interest						(15,583)
Investment from Noncontrolling Interest						7,106
Foreign currency translation adjustment				(19,445)		(4,118)
Non-Controlling Interests ending balance	$ (564,743)		$ (173,164)	$ (564,743)		$ (173,164)
Qiao Garden Intl Travel [Member]
% of Non-Controlling Interests	10.00%		10.00%	10.00%		10.00%
Non-Controlling Interests beginning balance				$ 60,271		$ 64,730
Net loss				1,827		(6,611)
Disposal of subsidiary				(62,098)
Disposal of Noncontrolling interest
Investment from Noncontrolling Interest
Foreign currency translation adjustment						1,416
Non-Controlling Interests ending balance			$ 59,535			$ 59,535

[1] 90% equity of SHHZJ, a limited partnership and 10% shareholder of HF Int'1 Education, is held by Mr. Song, CEO of the Company on behalf of an unrelated individual. However, HF Int'1 Education does not have the obligation to absorb losses of SHHZJ or a right to receive benefits from SHHZJ that could potentially be significant to SHHZJ, thus, SHHZJ is not considered a VIE of HF Int'1 Education.

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Commitments and Contingencies (Details Narrative) - Two Lease Agreements [Member]			9 Months Ended
	Apr. 13, 2020 USD ($)	Apr. 13, 2020 CNY (¥)	Apr. 30, 2021 USD ($)	Jul. 31, 2020 USD ($)
Refund of fictitious office property requested	$ 481,000
Lease agreement, date	Jun. 01, 2020	Jun. 01, 2020
Lease agreement, description			HF Int'l Education entered a new lease agreement with the Landlord on June 1, 2020 for the same office spaces with a five-year term.
Tenant [Member]
Accrued rental payable			$ 158,471	$ 147,082
RMB [Member]
Refund of fictitious office property requested | ¥		¥ 3,300,000

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Segment Information - Schedule of Segment Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020	Jul. 31, 2020
Revenue	$ 137,892	$ 10,310	$ 320,204	$ 66,219
Operating loss	(586,958)	(414,624)	(2,213,519)	(2,304,065)
Operating loss before tax	(598,449)	(410,636)	(2,122,947)	(2,292,342)
Net Loss Attributable to Hartford Great Health Corp	(468,409)	(301,956)	(1,637,227)	(1,786,445)
Total assets (excluding Intercompany balances)	6,901,599	5,942,972	6,901,599	5,942,972	$ 6,288,981
Hospitality [Member]
Revenue			86,705	54,736
Operating loss			(225,567)	(1,606,339)
Operating loss before tax			(132,291)	(2,108,568)
Net Loss Attributable to Hartford Great Health Corp			(102,377)	(1,305,463)
Total assets (excluding Intercompany balances)	382,491	1,668,556	382,491	1,668,556
Education [Member]
Revenue			233,499	11,483
Operating loss			(1,864,038)	(559,073)
Operating loss before tax			(1,863,698)	(58,815)
Net Loss Attributable to Hartford Great Health Corp			(1,407,092)	(355,222)
Total assets (excluding Intercompany balances)	6,462,391	3,259,431	6,462,391	3,259,431
Corporate and Unallocated [Member]
Revenue
Operating loss			(123,914)	(138,653)
Operating loss before tax			(126,958)	(124,959)
Net Loss Attributable to Hartford Great Health Corp			(127,758)	(125,760)
Total assets (excluding Intercompany balances)	$ 56,717	$ 1,014,985	$ 56,717	$ 1,014,985