10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.

FORM 10-K/A

Amendment No.1

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended July 31, 2022

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

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	51-0675116
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

8832 Glendon Way, Rosemead, California	91770
(Address of principal executive offices)	(Zip Code)

(626) 321-1915

(Registrant’s telephone number, including area code)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

Yes ☒ No ☐

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the past 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 ☒ 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 ☒ No ☐

Indicate by checkmark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☒

January 31, 2022, the last business day of the Registrant’s most recently completed second fiscal quarter, the aggregate market value of the voting common stock held by non-affiliates of the Registrant (without admitting that any person whose shares are not included in such calculation is an affiliate) was $5,002,840.

Indicate by check mark whether the registrant is a large accelerated filer, an 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 ☒
Emerging growth company ☒

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 ☒

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

Securities registered pursuant to Section 12(g) of the Act: Common Stock, Par value $0.001

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 May 27, 2023.

EXPLANATORY NOTE

This Amendment No. 1 to our Annual Report on Form 10-K for the annual period from August 1, 2021 to July 31, 2022, which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 14, 2022 (the “Original Filing”), is being filed for the following purposes:

(a) for Consolidated balance sheets on Item 8, Financial Statements, of Part II of Form 10-K, to reclass the balance of Non-current assets held for sale, as of July 31, 2022, to Current assets held for sale.

(b) for Consolidated statements of operations on Item 8, Financial Statements, of Part II of Form 10-K, to separately disclose the discontinued operation results for years ended July 31, 2022 and 2021.

(c) for Liquidity and Capital Resources section on Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operation, of Part II of Form 10-K, to update the negative working capital comparison due to above (a) reclassification.

(d) for Results of Operations section on Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operation, of Part II of Form 10-K, to update Results of Operations- Year Ended July 31, 2022 Compared to Year Ended July 31, 2021 due to above (b) disclosure.

Except as described above, this Amendment No. 1 does not amend, modify, or otherwise update any other information in the Original 2022 Form 10-K and does not reflect events occurring after the filing of the Original 2022 Form 10-K.

TABLE OF CONTENTS

PART I
ITEM 1:	BUSINESS	4
ITEM 1A:	RISK FACTORS	6
ITEM 1B:	UNRESOLVED STAFF COMMENTS	6
ITEM 2:	PROPERTIES	6
ITEM 3:	LEGAL PROCEEDINGS	6
ITEM 4:	MINE SAFETY DISCLOSURES	6
PART II
ITEM 5:	MARKET FOR COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND PURCHASES OF EQUITY SECURITIES	7
ITEM 6:	SELECTED FINANCIAL DATA	8
ITEM 7:	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION	9
ITEM 7A.	QUANTATIVE AND QUALATATIVE DISCLOSURES ABOUT MARKET RISK	13
ITEM 8:	FINANCIAL STATEMENTS	14
ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANS ON ACCOUNTING AND FINANCIAL DISCLOSURE	28
ITEM 9A.	CONTROLS AND PROCEDURES	28
ITEM 9B:	OTHER INFORMATION	29
PART III
ITEM 10:	DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE	29
ITEM 11:	EXECUTIVE COMPENSATION	31
ITEM 12:	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	32
ITEM 13:	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE	32
ITEM 14:	PRINCIPAL ACCOUNTING FEES AND SERVICES	33
PART IV
ITEM 15:	EXHIBITS	33
SIGNATURES		34

ADDITIONAL INFORMATION

Descriptions of agreements or other documents contained in this report are intended as summaries and are not necessarily complete. Please refer to the agreements or other documents filed or incorporated herein by reference as exhibits. Please see the exhibit index at the end of this report for a complete list of those exhibits.

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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management and information currently available to management. The use of words such as “believes”, “expects”, “anticipates”, “intends”, “plans”, “estimates”, “should”, “likely” or similar expressions, indicates a forward-looking statement.

The identification in this report of factors that may affect future performance and the accuracy of forward-looking statements is meant to be illustrative and by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to:

● The worldwide economic situation;

● Any change in interest rates or inflation;

● The willingness and ability of third parties to honor their contractual commitments;

● The Company’s ability to raise additional capital, as it may be affected by current conditions in the stock market and competition for risk capital;

● The Company’s capital costs, as they may be affected by delays or cost overruns;

● The Company’s costs of production;

● Environmental and other regulations, as the same presently exist or may later be amended;

● The Company’s ability to identify, finance and integrate any future acquisitions; and

● The volatility of the Company’s stock price.

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PART I

ITEM 1. BUSINESS.

General

Hartford Great Health Corp. (“the Company”, “Hartford” “we”, “us” or our”) was incorporated in the State of Nevada on April 2, 2008 (“Inception) under the name PhotoAmigo, Inc. It changed its name to Hartford Great Health Corp. on August 20, 2018, and since then we have been engaged in activities to formulate and implement our business plan as set forth below.

Overview

Up until August 2018, we provided social networking and photo sharing from the website PhotoAmigo.com. We also maintained the domain names PhotoAmigo.net, fotoamigo.com and fotoamigo.net. These domain names all redirect incoming traffic to our main website, PhotoAmigo.com.

In August 2018, the Company changed its future plans of operations. 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”). HFSH originally held 75.5% ownership of HF Int’l Education and maintains control over HF Int’l Education. During the board meeting in 2021, SH Jingyu and another noncontrolling shareholders sold a total of 14.5% equity at zero value to HFSH. As a result, HFSH holds 90% of HF Int’l Education and a total of 10% equity is held by two individual noncontrolling shareholders. 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”). Gelinke temporally ceased its operations by the end of August 2021. On August 31, 2021, PDHJ established one 96% owned subsidiary, Shanghai HDFD Zhongli Education Technology Co., Ltd. (“Zhongli”), two individual investors hold the remaining 4% ownership, see note 4 Acquisitions, Joint Ventures and Deconsolidation.

In March 2021, HF Int’l Education entered agreements with Hartford Health Management (Shanghai), Co. Ltd. (“HFHM”). HFHM purchased seven education & intellectual property copy rights and ten “HaiDeFuDe” registered trademarks from HF Int’l Education for a total amount of RMB1.2M and RMB1.0M, respectively. As a part of the purchase agreement, HFHM was originally agreed to be paid the 90% of gross tuition income from the three childcare centers. Due to impacts from the pandemic and new regulations issued by Chinese government in education industry, HF Int’l Education occurred significant loss from operation. Both parties mutually agreed to amend the fee to 20% on July 2022, the amended rate is retrospectively applicable to June 1, 2021.

The following business plan is based on research and discussions between the board and third party suppliers and experts. Only preliminary activities relating to the following objectives have been undertaken and therefore, there is no assurance that any of the proposed activities set forth below will be started by the Company or if started will be successful.

Strategy

The initial plan focuses on the development of the Sino-U.S. health industry in the following four areas:

A. International Anti-Aging Membership Program,

B. Artificial Intelligence and Medical Equipment Sales,

C. Mobile Lifestyle Health & Wellness Management Platform,

D. Integrated Health Management of Metabolic Diseases.

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The Company has also expanded its strategy into the hospitality industry, focusing on hotels, restaurants, and travel arrangements. The Company plans to integrate hospitality with health management through its membership-based program by arranging travel accommodations for Chinese citizen members to the United States to obtain stem cell beauty treatments.

The initial plan in early 2019 that focused on the development of the Sino-U.S. health industry in the areas of International Anti-Aging membership based program; Artificial Intelligence and Medical Equipment Sales; Mobile Lifestyle Management Platform; and Integrated management of metabolic diseases have been put on hold due to economic uncertainties caused by the increasing tension between the US and China international relation.

Near the end of 2019, the Company has found another opportunity to expand its market reach in the Chinese childhood education industry. The Company plans to formulate a proprietary early childhood education center management model beginning with the opening of several early childhood education centers in the greater Shanghai area with the goal of demonstrating the management model in action in order to attract interest from potential franchisees. Currently, there are three early child education and development center in operation despite the economic slowdown during the pandemic. The recent “Three-child policy” announced on May 1, 2021, by Chinese government further increases the market opportunities in early childhood education industry. On July 24, 2021, the Chinese government announced a “Double-Reduction” education policy to be taken effective on August 31, 2021. This new education policy has since impacted the Company’s early childhood education business. Due to China’s zero-Covid policy implementation during the pandemic as well as Covid-19 lockdown for over two months in Greater Shanghai, childcare and childhood education center were forced to halt operations; therefore, the Company decides to divert its plan from childcare and childhood educational development industry. In the near future, the company is looking into wholesale distribution of herbal supplement health products in China.

There can be no assurance following consummation of any of the business ventures will develop into a going concern or, if the business is already operating, that it will continue to operate successfully. Many of the potential business opportunities available to the Company may involve new and untested products, processes or market strategies which may not ultimately prove successful.

The Company’s independent auditors have issued a report raising substantial doubt about the Company’s ability to continue as a going concern. At present, the Company has limited operations and the continuation of the Company as a going concern is dependent upon financial support from its stockholders, its ability to obtain necessary equity financing to continue operations and/or to successfully locate and negotiate with a business entity for the combination of that target company with the Company. There is no assurance that the Company will ever be profitable.

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Employees

As of November 14, 2022, we have 14 employees.

ITEM 1A. RISK FACTORS

As a “smaller reporting company” as defined by Item 8 of Regulation S-K, the Company is not required to provide information required by this Item.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

Hartford Great Health Corp. uses the offices of its Chief Executive Officer, at 8832 Glendon Way, Rosemead, CA 91770, for its minimal office facility needs for no consideration.

Each newly acquired or formed entity maintains its own leased office building and property. We lease spaces in Shanghai and Hangzhou, China under leases that expire at various times between 2023 and 2051 with various term extensions available.

We lease all of our facilities and do not own any real property.

ITEM 3. LEGAL PROCEEDINGS

On March 21, 2022, HF Int’l Education filed a civil case against the landlord demanding reductions of office rent due to mandatory business lockdown ordered by Shanghai health officials. The case has been accepted by the court and pending court date.

We were not subject to any other legal proceedings during the twelve months ended July 31, 2022, 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 4. MINE SAFETY DISCLOSURES

Not applicable to our Company.

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PART II

ITEM 5. MARKET FOR COMMON EQUITY. RELATED STOCKHOLDER MATTERS AND PURCHASES OF EQUITY SECURITIES

Market Information

There has only been limited trading for the Company’s Common Stock since it was quoted on OTC Markets. There is no assurance that an active trading market will ever develop or, if such a market does develop, that it will continue. The Securities and Exchange Commission has adopted Rule 15g-9 which establishes the definition of a “penny stock,” for purposes relevant to the Company, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, the rules require: (i) that a broker or dealer approve a person’s account for transactions in penny stocks and (ii) the broker or dealer receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased. In order to approve a person’s account for transactions in penny stocks, the broker or dealer must (i) obtain financial information and investment experience and objectives of the person and (ii) make a reasonable determination that the transactions in penny stocks are suitable for that person and that person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks. The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prepared by the Commission relating to the penny stock market, which, in highlight form, (i) sets forth the basis on which the broker or dealer made the suitability determination and (ii) that the broker or dealer received a signed, written agreement from the investor prior to the transaction. Disclosure also has to be made about the risks of investing in penny stocks in both public offerings and in secondary trading, and about commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and the rights and remedies available to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks.

Because of these regulations, broker-dealers may encounter difficulties in their attempt to buy or sell shares of our common stock, which may affect the ability of our shareholders to sell their shares in the secondary market and have the effect of reducing the level of trading activity in the secondary market. These additional sales practice and disclosure requirements could impede the sale of our common stock in the market place. In addition, the liquidity for our common stock may be decreased, with a corresponding decrease in the price of our common stock. Our shares are likely to be subject to such penny stock rules for the foreseeable future.

On November 14, 2022, the closing price of our common stock reported on the OTC Markets was $0.16 per share. The following table sets forth, for each of the quarterly periods indicated, the high and low sales prices of our common stock, as reported on the OTC Markets.

Fiscal 2021	Low		High
First Quarter	$	0.16	$	0.95
Second Quarter	$	0.16	$	0.16
Third Quarter	$	0.03	$	1.00
Fourth Quarter	$	0.03	$	0.16

Fiscal 2022	Low		High
First Quarter	$	0.16	$	0.16

Holders

As of November 14, 2021, a total of 100,108,000 shares of our common stock were outstanding and there were approximately 52 holders of record.

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Penny Stock Rules

Due to the price of our common stock, as well as the fact that we are not listed on Nasdaq or a national securities exchange, our stock is characterized as “penny stocks” under applicable securities regulations. Our stock will therefore be subject to rules adopted by the Securities and Exchange Commission (“SEC”) regulating broker-dealer practices in connection with transactions in penny stocks. The broker or dealer proposing to affect a transaction in a penny stock must furnish his customer a document containing information prescribed by the SEC and obtain from the customer an executed acknowledgment of receipt of that document. The broker or dealer must also provide the customer with pricing information regarding the security prior to the transaction and with the written confirmation of the transaction. The broker or dealer must also disclose the aggregate amount of any compensation received or receivable by him in connection with such transaction prior to consummating the transaction and with the written confirmation of the trade. The broker or dealer must also send an account statement to each customer for which he has executed a transaction in a penny stock each month in which such security is held for the customer’s account. The existence of these rules may have an effect on the price of our stock, and the willingness of certain brokers to effect transactions in our stock.

Transfer Agent

We have appointed EQ by Equiniti, as the transfer agent for our common stock. The principal office of EQ is located at 1110 Centre Pointe Curve #101, Mendota Heights, MN 55120 and its telephone number is (612) 209-9006.  

Dividend Policy

We have never declared or paid dividends on our common stock. Payment of future dividends, if any, will be at the discretion of our Board of Directors after taking into account various factors, including the terms of any credit arrangements, our financial condition, operating results, current and anticipated cash needs and plans for expansion. At the present time, we intend to retain any earning in our business, and therefore do not anticipate paying dividends in the foreseeable future.

Recent Sales of Unregistered Securities; Use of Proceeds from Unregistered Securities

None

ITEM 6. SELECTED FINANCIAL DATA

As a “smaller reporting company” as defined by Item 8 of Regulation S-K, the Company is not required to provide information required by this Item.

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ITEM 7. MANAGEMENTS’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

The following discussion and analysis were prepared to supplement information contained in the accompanying financial statements and is intended to explain certain items regarding the financial condition as of July 31, 2022, and the results of operations for the years ended July 31, 2022, and 2021. It should be read in conjunction with the audited financial statements and notes thereto contained in this 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, 2022 and 2021, 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 July 31, 2022, the company has issued a total of 100,108,000 shares of common stock. On December 11, 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”). During the board meeting, SH Jingyu and another noncontrolling shareholders also sold a total of 14.5% equity at zero value to HFSH. As a result, HFSH holds 90% of HF Int’l Education and a total of 10% equity is held by two individual noncontrolling shareholders.

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. Since then, 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 incorporated existing market resources throughout other major cities and provinces in China. The promotion of HF Int’l Education franchise operation and management model was expected to attract other childcare education centers to join the “HaiDeFuDe” brand, and HF Int’l Education expected to generate revenue from franchise and management fees.

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Due to continued market uncertainties during the pandemic, the board of HFSH adopted a new management approach to ease cash flow and reduce operation loss. In March 2021, HF Int’l Education entered agreements with Hartford Health Management (Shanghai), Co. Ltd. (“HFHM”). HFHM purchased seven education & intellectual property copy rights and ten “HaiDeFuDe” registered trademarks from HF Int’l Education for a total amount of RMB1.2M and RMB1.0M, respectively. In June 2021, HF Int’l Education and its three subsidiaries entered license agreements with HFHM for the rights to use the intellectual Properties (the “IPs”) HFHM owns. The IPs cover in the license agreements are four sets of curriculum structure designed and fifteen trademarks including “HaiDeFuDe” registered trademarks purchased from HF Int’l Education. As a return, on a monthly basis, HF Int’l Education and its subsidiaries pays 20% of its tuition revenue generated to HFHM as license usage fee.

However, due to China’s continual of zero-Covid policy implementation this year as well as Covid-19 lockdown for over two months in Greater Shanghai, childcare and childhood education center were forced to halt operations; therefore, the Company decides to divert its plan from childcare and childhood educational development industry. In the near future, the company is looking into wholesale distribution of herbal supplement health products in China.

Liquidity and Capital Resources

As of July 31, 2022, we had negative working capital of $6,440,655 comprised of current assets of $4,530,350 and current liabilities of $10,971,005. This represents a decrease of $892,063 in the working capital balance from the July 31, 2021 negative amount of $5,548,592. During the year-ended July 31, 2022, our working capital deficit increased primarily because additional advances from related parties for business operating.

We believe that our funding requirements for the next twelve months will be in excess of $150,000. 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 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.

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 – Year Ended July 31, 2022 Compared to Year Ended July 31, 2021

Operating Activities

During the year ended July 31, 2022, $860,832 used in operating activities compared to $2,381,575 used in the operations during the year ended July 31, 2021.

During the year ended July 31, 2022, we recorded losses including noncontrolling interests of $1,772,582 , incurred non-cash depreciation of $122,065 , prepaid and other current receivables decreased by $225,428 , inventory decreased by $5,327 , other assets decreased by $24,078 , contract liabilities increased by $26,466 , other current payable increased by $102,526 , related party payables net with receivables decreased by $81,013 , other liabilities increased by $27,880 and operating lease liabilities net with operating lease assets increased by $458,993 as a result from the delayed rent payments.

During the year ended July 31, 2021, we recorded losses including noncontrolling interests of $2,842,339, incurred non-cash depreciation of $85,103, Loss absorbed from subsidiary restructure $403,131, gain on disposal of subsidiary of $104,317, including noncontrolling interest, goodwill impairment loss of $70,514, prepaid and other current receivables increased by $87,977, inventory increased by $299,588, other assets decreased by $10,435, contract liabilities increased by $373,413, other current payable increased by $312,902, related party payables net with receivables decreased by $185,693, other liabilities increased by $27,108 and operating lease liabilities net with operating lease assets increased by $17,779 as a result from the adoption of new lease guidance ASU No. 2016-02.

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Investing activities

Cash used in investing activities was $145,048 for the year ended July 31, 2022 as compared to $185,682 cash used in investing activities for the corresponding period in 2021.

During the year ended July 31, 2022, the Company purchased Property and equipment of $145,048.

During the year ended July 31, 2021, HF Int’l Education acquired a new entity, Gelinke with cash net inflow of $12,721, HFSH disposed its 90 percent owned subsidiary - Qiao Garden Int’l Travel with cash net outflow of $30,116, and Property and equipment purchases of $168,287.

Financing activities

Cash provided by financing activities was $972,267 for the year ended July 31, 2022 as compared to $2,549,984 for the year ended July 31, 2021. The cash flows provided by financing activities for the year ended July 31, 2022 was primarily attributable to $788,673 funding support from related parties, $145,000 notes payable from one related party, $61,750 contribution from noncontrolling interest, offset by $23,156 finance lease principal payment.

The cash flows provided by financing activities for the year ended July 31, 2021 was primarily attributable to $2,407,033 funding support from related parties, $145,000 notes payable from one related party, $20,000 proceeds from stock issuance, offset by $22,049 finance lease principal payment.

Equity and Capital Resources

We have incurred losses since inception of our business and, as of July 31, 2022, we had an accumulated deficit of $7,400,620 compared to $5,821,519 at the previous year end. To date, we have funded our operations through short-term debt and equity financing.

We   expect our expenses will decrease in the foreseeable future because of the decrease in operational expenses and because of closure of the childcare education centers. The two remaining childcare education centers with our Chinese subsidiaries were generating limited revenues during the pandemic and were forced to halt operations due to Covid-19 lockdown since March 2022. The generated revenue is not expected to be sufficient to cover our marketing needs in the foreseeable future due to the uncertainties affected by the Zero-Covid policy in China. Consequently, we are dependent on the proceeds from future debt or equity investments to sustain our operations and implement our business plan. If we are unable to raise sufficient capital, we will be required to delay or forego most of our business plan, which would have a material adverse effect on our anticipated results from operations and financial condition. There is no assurance that we will be able to obtain necessary amounts of additional capital or that our estimates of our capital requirements will prove to be accurate.

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 July 31, 2022, 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.  

Off-Balance Sheet Arrangements

As of and subsequent to July 31, 2022, we have no off-balance sheet arrangements.

Contractual Commitments

As of July 31, 2022, we have no other material contractual commitments except the office building and property leases which are included Note 13 Leases. (see note 7. Commitments and contingencies)

11

Results of Operations- Year Ended July 31, 2022 Compared to Year Ended July 31, 2021 (restated)

Operating Expenses: Operating expenses decreased to $177,913 for the year ended July 31, 2022, compared to $255,655 during the comparable period of 2021. The decrease of operating expenses was due to the reduction of payroll and professional expenses occurred in US as a result of the downsize of business operation.

Other Income (Expense): Other expense, net amount of $11,717 for the year ended July 31, 2022, compared to $174,727 of other income for the corresponding period of 2021. Other expense for the year ended July 31, 2022 was mainly resulted from interest expenses. Other income for the year ended July 31, 2021 was mainly resulted from $104,317 gain on disposal of subsidiary, as well as $55,604 gain of the lease payable write-off as a result of the legal settlement (see note 7. Commitments and contingencies).

Net Loss from continuing operations: Net loss from continuing operations increased to $190,430 for the year ended July 31, 2022, compared to $81,728 for the corresponding period of 2021 as result of above.

Net Loss from discontinued operations, net of tax: We realized $1,582,152 net operation loss, including $561,262 revenue, $234,118 cost of revenue and $2,022,897 operating expenses and $113,601 other income for the year ended July 31, 2022, from two industry segments, the hospitality housing in HZLJ and childhood education care services in HF Int’l Education. We realized $2,760,611 net operation loss, including $553,459 revenue, $308,413 cost of revenue and $3,005,657 operating expenses and others for the year ended July 31, 2021, from two industry segments, the hospitality housing in HZLJ and childhood education care services in HF Int’l Education. These two business operations have been disposed on August 1, 2022. (see note 4 Acquisitions, Joint Ventures and Deconsolidation)

Net Loss Attributable to Noncontrolling Interest: For the year ended July 31, 2022, we recorded a net loss attributable to Noncontrolling interest of $193,481 compared to $589,005 for the corresponding period of 2021. 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 $1,579,101 or $ (0.02) per share for the year ended July 31, 2022, compared to a net loss of $2,253,334 or $(0.02) per share for the year ended July 31, 2021, a decrease in losses of $674,233 due to the factors discussed above.

Discontinued Operations (restated): Subsequently on August 1, 2022, we entered a contract with a related party, Shanghai Oversea Chinese Culture Media Ltd. (“SH Oversea”), to sell 90 percent ownership of HF Int’l Education and its subsidiaries. We also entered a contract with SH Oversea and another individual, to sell 100 percent ownership of HZHF and its subsidiaries. See “Note 5. Discontinued Operation” to our consolidated financial statements included in this report. As of July 31, 2022, the assets and liabilities grouped under Education and Hospitality segments classified as assets and/or liabilities held for sale, and it is the Company’s intention to complete the sales of these assets within the upcoming year. The transactions meet the criteria to be reported as a discontinued operation as they constitute significant strategic business shifts for the Company.

12

Accounting Policies and Pronouncements

Critical Accounting Policies and Estimates

Our consolidated financial statements are prepared in accordance with GAAP. GAAP requires us to make estimates and assumptions that affect the reported amounts in our consolidated financial statements. Critical accounting estimates are those that management believes are the most important to the portrayal of our financial condition and results and require the most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain and that have had, or are reasonably likely to have, a material impact on our financial condition or results of operations. Judgments and uncertainties may result in materially different amounts being reported under different conditions or using different assumptions. See “Part II, Item 8 – Financial Statements – Note 1 –Summary of Significant Accounting Policies” for a summary of our significant accounting policies.

The following summarizes our most significant critical accounting estimates:

Foreign Currency: The accounts of the Company’s foreign subsidiaries are translated in accordance with FASB ASC 830. Foreign currency transaction gains and losses are recognized in other expense, net, at the time they occur. Net foreign currency exchange gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries whose functional currency is not the U.S. dollar are recorded as a part of accumulated other comprehensive loss in stockholders’ equity. The Company does not undertake hedging transactions to cover its foreign currency exposure.

Revenue Recognition: The Company adopted ASC Topic 606 Revenue from Contracts with Customers (“Topic 606) on August 1, 2019, applying the modified retrospective method to all contracts that were not completed as of August 1, 2019. The Company is building up its core business upon the completion of multiple acquisitions in March 2019 and impact of COVID-19 pandemic, limited operations occurred during the years ended July 31, 2022 and 2021. The revenue during the year ended July 31, 2022 and 2021 was mainly generated from HZLJ and HF Int’l Education.

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.

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 and transferred to contract liabilities after trial period. 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. For the year ended July 31, 2022 and 2021, $509,920 and $435,149, respectively, of revenue were derived from early childhood education classes provided.

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.

See “Part II, Item 8 – Financial Statements – Note 1 –Summary of Significant Accounting Policies – Recent Accounting Pronouncements” for a full description of recent accounting pronouncements including the respective expected dates of adoption and expected effects on the Company’s consolidated financial position, results of operations or liquidity.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting Company” as defined by Item 8 of Regulation S-K, the Company is not required to provide information required by this Item.

13

ITEM 8. FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm

Shareholders and Board of Directors

Hartford Great Health Corp.

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated balance sheets of Hartford Great Health Corp. and subsidiary (the “Company”) as of July 31, 2022 and 2021, the related consolidated statements of operation and comprehensive income (loss), changes in stockholders’ equity, and cash flows for each of the two years in the period ended July 31, 2022, and the related notes to the consolidated financial statements. In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of July 31, 2022 and 2021, and the results of its operations and its cash flows for each of the two years in the period ended July 31, 2022, in conformity with accounting principles generally accepted in the United States of America.

Going Concern Uncertainty

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As described in Note 2 to the consolidated financial statements, the Company has suffered recurring losses from operations and has a net capital deficiency that raise substantial doubt about its ability to continue as a going concern. Management’s evaluation of the events and conditions and management’s plans regarding these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matter

The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matter does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing separate opinions on the critical audit matter or on the accounts or disclosures to which it relates.

Revenue recognition

As described in Note 1 to the consolidated financial statements, the Company generates its revenue mainly from early childhood educational classes provided to its customers. The Company evaluates its early childhood education contracts and determines each contract of educational classes is accounted for a single performance obligation which is satisfied proportionately over the service period. Performance obligation is satisfied when a educational class are consumed.

We identified the revenue recognition as a critical audit matter. Auditor judgement is involved in performing our audit procedures to evaluate the timing the Company transfers the control of the promised service to its customers in an amount of consideration to which the Company expects to be entitled to in exchange for the services per the contracts.

The primary procedures we performed to address this critical audit matter included:

● We evaluated management’s significant accounting policies related to these early childhood educational class contracts executed for reasonableness.

● We selected a sample of educational class contracts and performed the following procedures:

►	Obtained and read contract for each selection
►	Tested management’s identification and the determination of the timing of revenue recognition
►	Traced to the evidence the management uses to apply their accounting policies
►	Evaluated the appropriateness of management’s application of their accounting policies, along with their use of estimates, in the determination of revenue recognition conclusions
►	We tested the mathematical accuracy of management’s calculations of revenue and the associated timing of revenue recognized in the financial statements

/s/ Simon & Edward, LLP

We have served as the Company’s auditor since 2019.

PCAOB ID: 2485

Rowland Heights, California

November 14, 2022, except Note #10 on June 12, 2023.

14

HARTFORD GREAT HEALTH CORP.

CONSOLIDATED BALANCE SHEETS

	July 31, 2022 (restated)			July 31, 2021
ASSETS
Current Assets
Cash and cash equivalents	$	15,227		$	12,739
Prepaid and Other current receivables		1,154			1,203
Related party receivable		14,233			309
Current assets held for sale		4,499,736			975,837
Total Current Assets		4,530,350			990,088
Non-current Assets
Property and equipment, net		8,006			8,357
Non-current assets held for sale		-			4,744,153
Total Non-current Assets		8,006			4,752,510
TOTAL ASSETS	$	4,538,356		$	5,742,598
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Related party loan and payables	$	4,481,524		$	3,711,606
Other current payable		144,760			145,435
Current liabilities held for sale		6,344,721			2,681,639
Total Current Liabilities		10,971,005			6,538,680
Long-term liabilities held for sale		-			4,190,368
TOTAL LIABILITIES		10,971,005			10,729,048
Commitments and contingencies (Note 7)		-			-
Stockholders’ Equity (Deficit)
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 shares outstanding at both of July 31, 2022 and 2021.		100,108			100,108
Additional paid-in capital		2,173,521			2,173,521
Accumulated deficit		(7,400,620	)		(5,821,519	)
Accumulated other comprehensive loss		(16,742	)		(233,487	)
Noncontrolling interest		(1,288,916	)		(1,205,073	)
Total Stockholders’ Deficit		(6,432,649	)		(4,986,450	)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	4,538,356		$	5,742,598

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

15

HARTFORD GREAT HEALTH CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS

	Years ended
	July 31,
	2022 (restated)			2021 (restated)
Selling, general and administrative		177,913			255,655
Total operating cost and expenses		177,913			255,655
Operating Loss		(177,913	)		(255,655	)
Other Income (Expense)
Interest (expense) income, net		(11,857	)		14,806
Gain on disposal of subsidiary		-			104,317
Other income, net		140			55,604
Other (expense) income, net		(11,717	)		174,727
(Loss) income before income taxes		(189,630	)		(80,928	)
Income Tax Expense		800			800
Net (loss) income from continuing operations		(190,430	)		(81,728	)
Less: net income from continuing operations attributable to noncontrolling Interest		-			-
Net (loss) income from continuing operations Attributable to Hartford Great Health Corp	$	(190,430	)	$	(81,728	)
Income loss from discontinued operations, net of income taxes		(1,582,152	)		(2,760,611	)
Less: net loss from discontinued operations attributable to noncontrolling Interest		(193,481	)		(589,005	)
Net loss from discontinued operations Attributable to Hartford Great Health Corp	$	(1,388,671	)	$	(2,171,606	)
Net loss per common share:
Continuing operations		(0.00	)		0.00
Discontinued operations		(0.01	)		(0.02	)
Basic and Diluted	$	(0.02	)	$	(0.02	)
Weighted average shares outstanding:
Basic and diluted		100,108,000			99,790,192

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

16

HARTFORD GREAT HEALTH CORP.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

	Years ended July 31,
	2022			2021
Net Loss	$	(1,579,101	)	$	(2,253,334	)
Other Comprehensive income (loss), net of income tax
Foreign currency translation adjustments		267,073			(217,953	)
Total other comprehensive loss		267,073			(217,953	)
Less: total other comprehensive loss attributable to noncontrolling interest		50,328			(39,612	)
Total Other Comprehensive Loss Attributable to Hartford Great Health Corp		216,745			(178,341	)
Total Comprehensive Loss	$	(1,362,356	)	$	(2,431,675	)

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

17

HARTFORD GREAT HEALTH CORP.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

for the years ended July 31, 2022 and 2021

										Accumulated						Total
					Additional					Other						Stockholders’
	Common Stock				Paid - in		Accumulated			Comprehensive			Noncontrolling			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)		-		-		-		(2,253,334	)		-			(589,005	)		(2,842,339	)
Issuance of common stock		1,000,000		1,000		19,000		-			-			-			20,000
Restructure of subsidiary		-		-		-		-			-			403,131			403,131
Disposal of subsidiary		-		-		-		-			-			(62,098	)		(62,098	)
Foreign currency translation adjustment		-		-		-		-			(178,341	)		(39,612	)		(217,953	)
Balance, July 31, 2021		100,108,000		100,108		2,173,521		(5,821,519	)		(233,487	)		(1,205,073	)		(4,986,450	)
Net (loss)		-		-		-		(1,579,101	)		-			(193,481	)		(1,772,582	)
Investment from noncontrolling interest		-		-		-		-			-			59,310			59,310
Foreign currency translation adjustment		-		-		-		-			216,745			50,328			267,073
Balance, July 31, 2022		100,108,000		100,108		2,173,521		(7,400,620	)		(16,742	)		(1,288,916	)		(6,432,649	)

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

18

HARTFORD GREAT HEALTH CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Years ended
	July 31,
	2022			2021
Cash flows from operating activities:
Net loss including noncontrolling interests	$	(1,772,582	)	$	(2,842,339	)
Adjustments to reconcile net loss including noncontrolling interests to net cash provided by (used in) operating activities:
Depreciation and amortization		122,065			85,103
Disposal of subsidiary, including noncontrolling interest		-			(104,316	)
Debts forgiveness per court ruling		-			(162,806	)
Loss from restructure		-			403,131
Loss on disposal of property and equipment		-			760
Impairment loss		-			70,514
Changes in operating assets and liabilities:
Prepaid and Other current receivables		225,428			(87,978	)
Inventory		5,327			(299,588	)
Other assets		24,078			10,435
Related party receivables and payables		(81,013	)		(185,693	)
Contract liabilities		26,466			373,413
Other current payable		102,526			312,902
Operating lease assets and liabilities		458,993			17,779
Other liabilities		27,880			27,108
Net cash used in operating activities		(860,832	)		(2,381,575	)
Cash flows from investing activities:
Cash proceeds from Acquisitions		-			27,927
Cash used in Acquisitions		-			(15,206	)
Disposal of subsidiary		-			(30,116	)
Purchases of property and equipment		(145,048	)		(168,287	)
Net cash used in investing activities		(145,048	)		(185,682	)
Cash flows from financing activities:
Contribution from noncontrolling interest		61,750			-
Proceeds from issuance of common stock		-			20,000
Proceeds of related party notes payable		145,000			145,000
Principal payments on finance lease		(23,156	)		(22,049	)
Advances from related parties		788,673			2,407,033
Net cash provided by financing activities		972,267			2,549,984
Effect of exchange rate changes on cash		(400	)		6,174
Net change in Cash, cash equivalents and restricted cash		(34,013	)		(11,099	)
Cash, cash equivalents and restricted cash at beginning of period		54,178			65,277
Cash, cash equivalents and restricted cash at end of period	$	20,165		$	54,178
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	$	-		$	765,131

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

19

HARTFORD GREAT HEALTH CORP.

Notes to Financial Statements

For the Years Ended July 31, 2022 and 2021

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.

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”). 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”). Gelinke temporally ceased its operations by the end of August 2021. On August 31, 2021, PDHJ established one 96% owned subsidiary, Shanghai HDFD Zhongli Education Technology Co., Ltd. (“Zhongli”), two individual investors hold the remaining 4% ownership, see note 4 Acquisitions, Joint Ventures and Deconsolidation.

Impacted by the government regulation newly implemented in education industry and the restrictions posted by the Chinese government to control the pandemic in China since 2021, to avoid further operation losses, subsequently on August 1, 2022, HFSH entered a contract with a related party, Shanghai Oversea Chinese Culture Media Ltd. (“SH Oversea”), to sell 90 percent ownership of HF Int’l Education and its subsidiaries for $900 (RMB 5,850). On August 1, 2022, HFUS entered a contract with SH Oversea and another individual, to sell 100 percent ownership of HZHF and its subsidiaries for $1,000 (RMB 6,500). As of July 31, 2022, the asset group in Education segment and the asset group in Hospitality segment classified as assets and liabilities held for sale, and it is the Company’s intention to complete the sales of these assets within the upcoming year.

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.

Foreign Currency: The accounts of the Company’s foreign subsidiaries are translated in accordance with FASB ASC 830. Foreign currency transaction gains and losses are recognized in other expense, net, at the time they occur. Net foreign currency exchange gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries whose functional currency is not the U.S. dollar are recorded as a part of accumulated other comprehensive loss in stockholders’ equity. The Company does not undertake hedging transactions to cover its foreign currency exposure.

Comprehensive Income (loss): For the year ended July 31, 2022 and 2021, the Company included its foreign currency translation gain or loss as part of its comprehensive income (loss).

Fair value measurement: Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Accounting Standard Codification (“ASC”) 820, Fair Value Measurements and Disclosures (“ASC 820”), describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value, which are the following:

Level 1 - Quoted prices in active markets for identical assets or liabilities or funds.

Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, related party receivable, prepaid and other current receivable, accounts payable, related party payable and other current payable. The carrying amounts of afore-mentioned accounts approximate fair value because of their short-term nature.

20

Cash and Cash Equivalents: The Company maintains cash with banks in the USA and China. Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. In China, a depositor has up to RMB500,000 insured by the People’s Bank of China Financial Stability Bureau (“FSD”). In the United States, the standard insurance amount is USD250,000 per depositor in a bank insured by the Federal Deposit Insurance Corporation (“FDIC”). Financial instruments that potentially subject the Company to significant concentrations of credit risk are cash and cash equivalents and accounts receivable. As of July 31, 2022 and 2021, respectively, none of the Company’s cash and cash equivalents held by financial institutions was uninsured. With respect to accounts receivable, the Company generally does not require collateral and does not have an allowance for doubtful accounts.

Receivables: The Company evaluates the collectability of its receivables based on a number of factors. In circumstances where the Company becomes aware of a specific customer’s or borrower’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded, which reduces the recognized receivable to the estimated amount the Company believes will ultimately be collected. As of July 31, 2022 and 2021, all balances are collectable based on management’s assessment.

Property and equipment, net: Property and equipment, net, are stated at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives of property and equipment are as follows:

	Years
Leasehold improvements	Lesser of lease term or estimated useful life
ROU assets-Finance lease	Lease term
Furniture and fixtures	3-5
Office equipment and vehicles	3-5
Computer software	3-5

Expenditures for repairs and maintenance are charged to expense as incurred.

Goodwill and Long-lived Assets: Goodwill, which represents the excess of the purchase price over the fair value of identifiable net assets acquired, is not amortized, in accordance with Accounting Standards Codification (ASC) 350, Intangibles—Goodwill and Other. ASC 350 requires that goodwill be tested for impairment at the reporting unit level on an annual basis and between annual tests, if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit.

The Company has the option to assess goodwill for possible impairment by performing a qualitative analysis to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. A quantitative assessment is performed if the qualitative assessment results in a more-likely-than-not determination or if a qualitative assessment is not performed. The quantitative assessment considers whether the carrying amount of a reporting unit exceeds its fair value, in which case an impairment charge is recorded to the extent that the reporting unit’s carrying value exceeds its fair value. The Company’s goodwill was mainly generated from the acquisitions during the year ended July 31, 2019. We currently have two reporting units - Hospitality and Early Childhood Education. Given the impact of COVID-19 pandemic and the unfavorable operation results, an interim goodwill impairment assessment was performed as of January 31, 2020. Based on the assessment result, management determined that the goodwill generated from acquisitions was fully impaired as of July 31, 2021.

Business Combinations: If an acquired set of activities and assets is capable of being operated as a business consisting of inputs and processes from the viewpoint of a market participant, the assets acquired and liabilities assumed are a business. Business combinations are accounted for using the acquisition method of accounting, which requires an acquirer to recognize the assets acquired and the liabilities assumed at the acquisition date measured at their fair values as of that date. Fair value determinations are based on discounted cash flow analyses or other valuation techniques. In determining the fair value of the assets acquired and liabilities assumed in a material acquisition, the Company may utilize appraisals from third party valuation firms to determine fair values of some or all of the assets acquired and liabilities assumed, or may complete some or all of the valuations internally. In either case, the Company takes full responsibility for the determination of the fair value of the assets acquired and liabilities assumed. The value of goodwill reflects the excess of the fair value of the consideration conveyed to the seller over the fair value of the net assets received. Acquisition-related costs that the Company incurs to affect a business combination are expensed in the periods in which the costs are incurred.

Noncontrolling interest: The Company adopted ASC 810, Noncontrolling Interests in Consolidated Financial Statements—an Amendment of Accounting Research Bulletin No. 51, as of January 1, 2009. ASC 810 establishes accounting and reporting standards for ownership interests in subsidiaries held by parties other than the parent, the amount of consolidated net income attributable to the parent and to the noncontrolling interest, changes in a parent’s ownership interest and the valuation of retained noncontrolling equity investments when a subsidiary is deconsolidated. ASC 810 also establishes reporting requirements that provide sufficient disclosures that clearly identify and distinguish between the interest of the parent and the interests of the noncontrolling owner.

Advertising costs: Advertising costs are expensed as incurred. During the year ended July 31, 2022 and 2021, amount of $10,540 and $65,406 advertising expenses were incurred, respectively.

21

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 balances of tax provisions, deferred tax assets and liabilities as of the reporting periods ended. The tax reforms have no significant impacts on the Company.

Revenue Recognition: The Company adopted ASC Topic 606 Revenue from Contracts with Customers (“Topic 606) on August 1, 2019, applying the modified retrospective method to all contracts that were not completed as of August 1, 2019. The Company is building up its core business upon the completion of multiple acquisitions in March 2019 and impact of COVID-19 pandemic, limited operations occurred during the years ended July 31, 2022 and 2021. The revenue during the years ended July 31, 2022 and 2021 were mainly generated from HZLJ and HF Int’l Education.

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.

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 and transferred to contract liabilities after trial period. 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. For the year ended July 31, 2022 and 2021, $509,920 and $435,149, respectively, of revenue were derived from early childhood education classes provided.

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.

Income (Loss) Per Share: Basic earnings per share include no dilution and are computed by dividing net income (or loss) by the weighted- average number of shares outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company, assuming the issuance of an equivalent number of common shares pursuant to options, warrants, or convertible debt arrangements. Diluted earnings per share are not shown for periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, potential common stock equivalents are not included in the calculation if the effect would be anti-dilutive. No potentially dilutive debt or equity securities were issued or outstanding during the years ended July 31, 2022 or 2021.

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.

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Recent Accounting Pronouncements.

Recently adopted accounting pronouncements

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 adoption of ASU 2019-12 had an immaterial impact on the Company’s consolidated statement of operation and consolidated statement of cash flows for the year ended July 31, 2022.

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.

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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 $7,400,620 as of July 31, 2022. 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.

NOTE 3. STOCKHOLDERS’ EQUITY

Preferred Stock

The Company is authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share. No shares of preferred stock have been issued or outstanding since Inception (April 2, 2008).

Common Stock

The Company is authorized to issue 300,000,000 shares of common stock with a par value of $0.001 per share. On November 24, 2020, the Company issued 1,000,000 shares of common stock to a significant shareholder of the Company at $0.02 per share. The company had a total of 100,108,000 shares of common stock issued and outstanding at both of July 31, 2022 and 2021.

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, and reduced to 61.0% 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 held 75.5% of HF Int’l Education and a total of 24.5% equity was held by noncontrolling shareholders. Pursuant to the board meeting held on June 1, 2021, the noncontrolling shareholders sold a total 14.5% equity at zero consideration to HFSH. As a result, HFSH holds 90.0% of HF Int’l Education and $403,131 noncontrolling loss was absorbed by HFSH as a result of the ownership restructure at HF Int’l Education.

Continuous operation losses caused by the market uncertainties including pandemic and government regulations, HF Int’l Education entered agreements to sell the copyrights of seven education textbooks and ten “HaiDeFuDe” registered trademarks owned for RMB1.2 million and RMB1.0 million, respectively, to Hartford Health Management (Shanghai) Co., Ltd (“HFHM”) in March 2021 with approval of the board of directors. The CEO of HFHM is a shareholder of the Company who owns more than 5% of the Company’s common stocks.

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 Gelinke, who engages at early childhood education services in Changning District, Shanghai. 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 acquisition was completed on August 31, 2021. The 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. Due to unfavorable operation result of Gelinke during the year ended July 31, 2021, management determined that $67,712 goodwill generated from Gelinke Acquisition was fully impaired.

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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 withdrew 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”)  and the agreement has not yet taken effect. On August 1, 2022, HFSH decided to withdraw from the agreement. There was no penalty levied or to be levied due to delayed execution or inexecution.  

Disposal of subsidiary

On December 31, 2020, HFSH disposed its 90 percent owned subsidiary - Qiao Garden Int’l 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 Int’l 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 Int’l Travel as a result of the Disposal and settled with a payable due to SH Qiaohong at SHHF, who was a debtor of Qiao Garden Int’l Travel, see Note 14, 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	)

NOTE 5. DISCONTINUED OPERATION

Impacted by the government regulation newly implemented in education industry and the restrictions posted by the Chinese government to control the pandemic in China since 2021, the Company’s business hasn’t been developed as planned and occurred significant loss from the early child education practice. To avoid further operation losses, subsequently on August 1, 2022, HFSH entered a contract with a related party, Shanghai Oversea Chinese Culture Media Ltd. (“SH Oversea”), to sell 90 percent ownership of HF Int’l Education and its subsidiaries for $900 (RMB 5,850). On August 1, 2022, HFUS entered a contract with SH Oversea and another individual, to sell 100 percent ownership of HZHF and its subsidiaries for $1,000 (RMB 6,500).

As of July 31, 2022, the assets and liabilities grouped under Education and Hospitality segments classified as assets and/or liabilities held for sale, and it is the Company’s intention to complete the sales of these assets within the upcoming year. The transactions meet the criteria to be reported as a discontinued operation as they constitute significant strategic business shifts for the Company. We have reported, for all periods presented, the financial condition, results of operations, and cash flows of the operation segments as discontinued operations in the accompanying consolidated financial statements.

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The total assets and liabilities of Education and hospitality segments that are classified as held for sale on the Company’s consolidated balance sheet as of July 31, 2022, are as follows: 

		July 31, 2022		July 31, 2021
Assets
Current Assets
Cash and cash equivalents	$	4,938	$	14,873
Prepaid and Other current receivables		45,532		311,594
Related party receivable		428,519		325,555
Inventory		305,124		323,815
Property and equipment, net		582,707		585,160
ROU assets-operating lease		2,836,698		3,837,187
Other assets		296,218		321,806
Total Assets held for sale	$	4,499,736	$	5,719,990
Liabilities
Current Liabilities
Related party loan and payables	$	1,321,549	$	1,332,338
Contract liabilities		547,906		545,346
Lease liabilities, current and noncurrent		3,715,688		4,071,767
Other current payable		401,782		553,841
Other liabilities		357,796		368,715
Total Liabilities held for sale	$	6,344,721	$	6,872,007

For the years ended July 31, 2022 and 2021, results of operations from HF Intel Education and its subsidiaries, and HZHF and its subsidiary were as follows:

For the years ended July 31,	2022 (restated)			2021 (restated)
Net sales	$	561,262		$	553,459
Cost of sales		677,093			722,838
Gross profit		(115,831	)		(169,379	)
Operating expenses:
Selling, general, and administrative expenses		1,579,922			2,520,817
Impairment		-			70,514
Total operating expenses		1,579,922			2,591,331
Loss from operations of discontinued operations		(1,695,753	)		(2,760,710	)
Interest expense		(54,730	)		(45,692	)
Other Income		168,331			45,791
Loss from discontinued operations before income taxes		(1,582,152	)		(2,760,611	)
Income tax benefit (expense)		-			-
Income (loss) from discontinued operations, net of taxes before gain from sale of discontinued operations		(1,582,152	)		(2,760,611	)
Loss from sale of discontinued operations, net of taxes		-			-
Income from discontinued operations, net of taxes	$	(1,582,152	)	$	(2,760,611	)

For the years ended July 31, 2022 and 2021, net cash used in discontinued operations - HF Intel Education and its subsidiaries, and HZHF and its subsidiary were as follows:

	Years ended July 31,
Cash flow of discontinued operations:	2022			2021
Operating cash flows	$	(656,663	)	$	(2,455,829	)
Investing cash flows		(145,048	)		(155,566	)
Net cash used in discontinued operations	$	(801,711	)	$	(2,611,395	)

NOTE 6. RELATED PARTY TRANSACTIONS

Related Party Receivables

As of July 31, 2022, $ 428,519 and $325,555 related party receivables were allocated to current assets held for sales, see Note 5, under “Assets and liabilities held for sale”.

Related Party Payables

As of July 31, 2022 and 2021, amounts of $620,876 and $616,159, are payable to SH Qiaohong, respectively. The balances were mainly funding support from SH Qiaohong for operation. The funding support bears no interest and 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 $3,531,064 and $2,926,782 as of July 31, 2022 and 2021, respectively. The payable is funding support from SH Oversea for operation, bears no interest and due on demand.

As of July 31, 2022 and 2021, amount of $290,000 and $145,000, respectively, borrowed 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. $11,857 and $3,856 of interest expenses were recorded during the year ended July 31, 2022 and 2021, respectively. The unpaid principal and interest will be due on demand.

The remaining related party payable of $39,583 and $80,477 as of July 31, 2022 and 2021, 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.

As of July 31, 2022, $1,317,690 and $1,332,338 related party payables were allocated to current liabilities held for sales, see Note 5, under “Assets and liabilities held for sale”.

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.

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NOTE 7. COMMITMENTS AND CONTINGENCIES

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

License agreements

In June 2021, HF Int’l Education and its three subsidiaries: PDHJ, HDFD and Gelinke entered license agreements with HFHM for the rights to use the intellectual Properties (the “IPs”) HFHM owns. The IPs cover in the license agreements are four set of curriculum structure designed and fifteen trademarks including “HaiDeFuDe” registered trademarks purchased from HF Int’l Education. As a return, on a monthly basis, HF Int’l Education and its subsidiaries pays 90% of its tuition revenue generated to HFHM as license usage fee. Due to impacts from the pandemic and new regulations issued by Chinese government in education industry, HF Int’l Education occurred significant loss from operation. On July 2022, both parties mutually agreed to amend the fee to 20%, the amended rate is retrospectively applicable since June 1, 2021 and recaptured in 2022. As a result, the Company incurred $6,664 and $161,783 license fees to HFHM for the year ended July 31, 2022 and 2021 reported under discontinued operation, respectively.

NOTE 8. INCOME TAXES

We recorded income tax expense of $800 for both of the years ended July 31, 2022 and 2021, due to the loss position for the years since inception.

Hartford Great Health Corp.’s deferred tax assets, valuation allowance, and change in valuation allowance are as follows:

					Estimated tax
	Net NOL				benefit from NOL					Change in			Net
	carry-		NOL		and other tax		Valuation			valuation			deferred
Period Ending	forward		expires		benefits (21%)		allowance			allowance			tax asset
31-Jul-21	$	6,634,644		2041	$	1,990,393	$	(1,990,393	)	$	(919,938	)	$	-
31-Jul-22	$	7,400,620		2042	$	2,220,186	$	(2,220,186	)	$	(229,793	)	$	-

Income taxes at the statutory rate are reconciled to reported income tax expense (benefit) as follows:

	2022			2021
Federal income tax rate		21.0	%		21.0	%
State income tax rate		8.8	%		8.8	%
Foreign tax difference		(4.8	)%		(4.1	)%
Non-taxable item adjustment		-	%		(3.2	)%
GILTI		-	%		-	%
Valuation allowance		(25.0	)%		(22.5	)%
Others		-	%		-	%
Effective tax rate		0.0	%		0.0	%

At this time, the Company is unable to determine if it will be able to benefit from its deferred tax asset. There are limitations on the utilization of net operating loss carry-forwards, including a requirement that losses be offset against future taxable income, if any. In addition, there are limitations imposed by certain transactions which are deemed to be ownership changes. Accordingly, a full valuation allowance has been established for the entire deferred tax asset. Other temporary differences and estimated permanent differences are considered immaterial. Open tax years subject to examination by the IRS range from August 1, 2017 to the present. The Company has no uncertain tax positions.

The Company has been in loss position for years since inception and zero balances of deferred tax assets and liabilities as of the reporting periods ended. There was no GILTI tax for the Company for the years ended July 31, 2022 and 2021 due to the operation losses incurred.

NOTE 9. SEGMENT INFORMATION (restated)

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 July 31, 2022 and revenue generated during the year ended July 31, 2022, as follows:

	Hospitality (Discontinued Operation)			Education (Discontinued Operation)			Corporate and Unallocated (Continued operation)			Total
Revenue	$	51,342		$	509,920		$	-		$	561,262
Operating loss		(129,352	)		(1,566,401	)		(177,913	)		(1,873,666	)
Loss before tax		(182,980	)		(1,399,172	)		(189,630	)		(1,771,782	)
Net Loss Attributable to Hartford Great Health Corp		(129,422	)		(1,259,249	)		(190,430	)		(1,579,101	)
Total assets (excluding Intercompany balances)		303,703			4,196,033			38,620			4,538,356
Assets allocated to held for sale		(303,703	)		(4,196,033	)		-			(4,499,736	)

Segment information on assets as of July 31, 2021 and revenue generated during the year ended July 31, 2021, as follows:

	Hospitality (Discontinued Operation)			Education (Discontinued Operation)			Corporate and Unallocated (Continued operation)			Total
Revenue	$	118,309		$	435,150		$	-		$	553,459
Operating loss		(172,536	)		(2,588,174	)		(255,655	)		(3,016,365	)
Loss before tax		(216,303	)		(2,544,308	)		(80,928	)		(2,841,539	)
Net Loss Attributable to Hartford Great Health Corp		(174,018	)		(1,997,588	)		(81,728	)		(2,253,334	)
Total assets (excluding Intercompany balances)		384,747			5,335,244			22,607			5,742,598
Assets allocated to held for sale		(384,747	)		(5,335,244	)		-			(5,719,991	)

NOTE 10. RESTATEMENT

The Company restated its Annual Report on Form 10-K for the annual period from August 1, 2021 to July 31, 2022, which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 14, 2022 (the “Original Filing”), is being filed for the following purposes:

(a) for Consolidated balance sheets on Item 8, Financial Statements, of Part II of Form 10-K, to reclass the balance of Non-current assets held for sale, as of July 31, 2022, to Current assets held for sale.

(b) for Consolidated statements of operations on Item 8, Financial Statements, of Part II of Form 10-K, to separately disclose the discontinued operation results for years ended July 31, 2022 and 2021.

The restatements above have been incorporated into the consolidated statements of operation, Note #5 and #9, respectively.

NOTE 11. SUBSEQUENT EVENTS

In accordance with ASC 855, “Subsequent Events”, the Company has evaluated subsequent events through the date of issuance of these financial statements and has noted the following subsequent events to be disclosed.

On August 1, 2022, see note 5, under section “Assets and liabilities held for sale”, HFSH entered a contract with a related party, SH Oversea, to sell 90 percent ownership of HF Int’l Education and its subsidiaries for $900 (RMB 5,850). On August 1, 2022, HFUS entered a contract with SH Oversea and another individual, to sell 100 percent ownership of HZHF and its subsidiaries for $1,000 (RMB 6,500).

On August 1, 2022, HFSH decided to withdraw from the agreement entered in January 2019 to acquire 100 percent equity interest of Shanghai Luo Sheng International Trade Ltd. (“SH Luosheng”). There was no penalty levied or to be levied due to delayed execution or inexecution.

On August 17, 2022, the Company borrowed a note in a total amount of $30,000, in form of a short-term loan at 5% per annum from a related party.

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ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Not Applicable.

Item 9A. 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 Annual Report. Based on that evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that, as of July 31, 2022, 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 Annual Report on Internal Control Over Financial Reporting.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Exchange Act Rule 13a-15(f). Our internal control system is intended to provide reasonable assurance to our management and board of directors regarding the preparation and fair presentation of published financial statements and that we have controls and procedures designed to ensure that the information required to be disclosed by us in our reports that we will be required to file under the Exchange Act is accumulated and communicated to our management as appropriate to allow timely and informed decisions regarding financial disclosure.

Our management assessed the effectiveness of our internal control over financial reporting as of July 31, 2022. Based on this assessment, management believes that as of July 31, 2022, our internal control over financial reporting was not effective based on those criteria.

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

● Lack of proper authorization and approval procedures on significant business transactions.

● Lack of competence accounting personnel at entity level and proper segregation of duties implemented.

Inherent Limitations Over Internal Controls

Our management, including our Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Our control systems are designed to provide such reasonable assurance of achieving their objectives. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our Company have been detected. These inherent limitations include, but are not limited to, the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

28

Changes in Internal Control Over Financial Reporting.

We have made no change in our internal control over financial reporting during the last fiscal year that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Attestation Report of the Registered Public Accounting Firm.

This annual report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our independent registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only management’s report in this annual report on Form 10-K.

ITEM 9B. OTHER INFORMATION

None.

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Directors and Executive Officers

The following individual presently serves as our officers and directors:

			Board
Name and			Position
Municipality of Residence	Age	Positions With the Company	Held Since
		President, Chief Executive Officer
Rose Hong Wang Los Angeles, CA	50	and Director	2021
		Chief Financial Officer, Secretary and
Sheng-Yih Chang Los Angeles, CA	51	Director	2018
Yuan Lu Shanghai, CHINA	36	Director	2019
Xin Dong Los Angeles, CA	38	Director	2018

Each of the directors will serve until the next annual meeting of stockholders of the Company and until such director’s successor is elected and qualified or until such director’s earlier death, resignation or removal. The following is information concerning the business backgrounds of each member of the board of directors:

Rose Hong Wang. From March 2018 to the present Ms. Wang has been Chief Financial Officer and Director of Hartford Hotel Investment Inc., Rosemead, CA, USA. In addition, since June 2010 to the present she has been Vice President and Director of Shanghai Qiao Garden Group Overseas Branch, CA, USA. From September 2006 to May 2010 she was the Assistant General Manager of Qiao Garden Group Investment Inc., CA, USA, In December 1998 Ms. Wang immigrated to the USA. From December 1996 to September 1998, she was the Assistant General Manager of Shanghai Watanabe Asset Management Co., Ltd., China. From September 1993 thru July 1995, she Studied Language and Literature at Shanghai International Studies University, China. In July 1990, Ms. Wang received her Bachelor’s Degree with Music Major from Xinjiang Normal University, China.

29

Sheng Yih Chang. Mr. Chang has served as the General Manager at Hartford Hotel, a commercial hotel in Rosemead California since March 2018. Mr. Chang served as a Product Manager at Jowett Group, a textile manufacturing company in the USA, from November 2015 through September 2017, as an Operational Manager and General Manager at A-Concepts Designs, a houseware supplier company in the USA, from January 2004 through October 2015, as a General Manager at Long Arch International, a carving crafts supplier in the USA, from December 2000 through December 2003, as a Sales Manager at EZ Wholesale, a general merchandise wholesaler in the USA, from July 1998 through November 2000, and as a technician at Richcom Computer Corporation, a computer service provider in China, from July 1996 through November 1997. Mr. Chang studied electrical engineering at the University of British Columbia and holds a Bachelor of Science in Electrical Engineering from California State University, Northridge.

Yuan Lu. Ms. Lu graduated in 2008 with a Bachelor’s Degree from Anhui University of Technology in China majoring in International Trade and Economics. In 2013, Ms. Lu earned a Master’s Degree in International Language Arts from Shanghai University of Finance and Economics in China. From 2008-2009, Ms. Lu was an Assistant Teacher at New Channel International Educated Group, Ltd. From 2009-2010, Ms. Lu was a Customs Broker and Procurement Buyer at Shanghai Pan-Resources Imp&Exp Co., Ltd. From 2010 through the present, Ms. Lu has served as the Assistant CEO at Shanghai Overseas Chinese Culture Media Co., Ltd.

Xin Dong. Mr. Dong has served as the Executive Director and General Manager of Shanghai Huitong Health Management Company, a senior care and traditional health management company, in China since September 2017. From July 2016 through August 2017, Mr. Dong acted as the Vice President and General Manager of Shanghai Huicai Financial Information Service Co., Ltd., a financial service and small loan company, in China. Mr. Dong has also served as the General Manager of Shenzhen Maoli International Trading Co., Ltd., an international trading company in Shenzhen, China, from April 2012 through June 2016, and as a Project Manager and Market Representative at Nanjing Hongyuan Electronic Technology Company, an electronics manufacturing company, from July 2007 through March 2012. Mr. Dong holds a Masters in International Finance and Trade from Shanghai Jiaotong University and a degree in Computer Science from Jiangsu University.

Term of office

All officers and directors listed above will remain in office until the next annual meeting of our stockholders, and until their successors have been duly elected and qualified or until removed from office in accordance with our bylaws. There are no agreements with respect to the election of Directors. We have not compensated our Directors for service on our Board of Directors, any committee thereof, or reimbursed for expenses incurred for attendance at meetings of our Board of Directors and/or any committee of our Board of Directors. Officers are appointed annually by our Board of Directors and each Executive Officer serves at the discretion of our Board of Directors. We do not have any standing committees. Our Board of Directors may in the future determine to pay Directors’ fees and reimburse Directors for expenses related to their activities.

None of our Officers and/or Directors have filed any bankruptcy petition, been convicted of or been the subject of any criminal proceedings or the subject of any order, judgment or decree involving the violation of any state or federal securities laws within the past five (5) years.

Director Independence

The Board consists of four members, of which Yuan Lu and Xin Dong meet the independence requirements of the Nasdaq Stock Market as currently in effect.

30

Committees and Terms

The Board of Directors (the “Board”) has not established any committees. The Company will notify its shareholders for an annual shareholder meeting and that they may present proposals for inclusion in the Company’s proxy statement to be mailed in connection with any such annual meeting; such proposals must be received by the Company at least 90 days prior to the meeting. No other specific policy has been adopted in regard to the inclusion of shareholder nominations to the Board of Directors.

Code of Ethics

To date, we have not adopted a Code of Ethics applicable to our principal executive officer and principal financial officer because the Company has no meaningful operations within the United States of America. The Company does not believe that a formal written code of ethics is necessary at this time. We expect that the Company will adopt a code of ethics if and when the Company successfully completes a business combination that results in the acquisition of an on-going business and thereby commences operations within the United States.

ITEM 11. EXECUTIVE COMPENSATION

Beginning January 1, 2019, a monthly payroll salary of $3,000 has been offered to Sheng-Yih Chang, the Company’s CFO. No other officer or director has received annual compensation. There has been no compensation awarded to, earned by, or paid to the named executive officer or director other than the CFO’s wage. There is no compensation to the executive officers planned for the next year. Such compensations will be brought to discussion in next board meeting.

Employment Agreements

As of July 31, 2022, all employees and officers in China have entered into employment agreements with the Company’s subsidiaries. However, the Company has not entered into employment agreements with any of its executive officers in the US as of July 31, 2022.

Anticipated Officer and Director Remuneration

Except for the monthly wage paid to the CFO, the Company has not to date paid any other compensation owed to any officer or director as of date hereto. The Company intends to begin to pay annual salaries to all its officers and will pay an annual stipend to its directors when, and if, it completes a primary public offering for the sale of securities and/or the Company reaches profitability, experiences positive cash flow and/or obtains additional funding. At such time, the Company anticipates offering cash and non-cash compensation to officers and directors. In addition, although not presently offered, the Company anticipates that its officers and directors will be provided with a group health, vision and dental insurance program at subsidizes rates, or at the sole expense of the Company, as may be determined on a case-by-case basis by the Company in its sole discretion.

Stock Option Plan

We do not have a stock option plan and we have not issued any warrants, options or other rights to acquire our securities. However, we may adopt an incentive and non-statutory stock option plan in the future.

Employee Pension, Profit Sharing or other Retirement Plans

We do not have a defined benefit, pension plan, profit sharing or other retirement plan, although we may adopt one or more of such plans in the future.

Section 16(a) Beneficial Ownership Reporting Compliance

We are not registered under the Securities Exchange Act of 1934, as amended, and are not subject to the reporting requirements of Section 16(a).

31

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

As of November 14, 202, there are a total of 100,108,000   shares of our common stock outstanding, our only class of voting securities currently outstanding. The following table describes the ownership of our voting securities by: (i) each of our officers and directors; (ii) all of our officers and directors as a group; and (iii) each shareholder known to us to own beneficially more than 5% of our common stock. All ownership is direct, unless otherwise stated.

		Shares
		Beneficially		Percentage
Name of Beneficial Owner	Address of Beneficial Owner	Owned Number		(%)
	RM 3806 218 WUSONG RD, HONGKOU DISTRICT
YUAN LU	SHANGHAI, CHINA		32,440,000		32.4	%
ROSE HONG WANG	729 CARRIAGE HOUSE DRIVE, ARCADIA, CA 91006		11,000,000		11.0	%
XIN DONG	8832 GLENDON WAY, ROSEMEAD, CA 91770		2,400,000		2.4	%
SHENG-YIH CHANG	8832 GLENDON WAY, ROSEMEAD, CA 91770		1,000,000		1.0	%
	Total Officers and Directors (4)		46,840,000		46.8	%

Each shareholder known to us to own beneficially more than 5% of our common stock:

		Shares Beneficially		Percentage
Name of Beneficial Owner	Address of Beneficial Owner	Owned Number		(%)
LIANYUE SONG	8832 GLENDON WAY, ROSEMEAD, CA 91770		20,000,000.00		20.0	%
	RM 218 WUSONG ROAD, HONGKOU DISTRICT,
DANFENG GU	SHANGHAI, CHINA		8,300,000.00		8.3	%
	1F QIAO GARDEN 73 WUHUA RD, HONGKOU
JIAMIN ZHU	DISTRICT, SHANGHAI, CHINA		8,000,000.00		8.0	%

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

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

32

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

The following table sets forth fees billed by our principal accounting firms of Simon & Edward, LLP and Haynie & Company in the last two years ended July 31, 2022:

	2022		2021
Audit Fees	$	26,000	$	26,000
Audit Related Fees		13,500		13,500
All other fees		-		2,000
Total Fees	$	39,500	$	41,500

It is the policy of our Board of Directors to engage the principal accounting firm selected to conduct the financial audit for our company and to confirm, prior to such engagement, that such principal accounting firm is independent of our company. All services of the principal accounting firm reflected above were approved by the Board of Directors.

PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENTS SCHEDULES

The following documents are filed as part of this Annual Report:

1. Consolidated Financial Statements

Our consolidated financial statements are listed under Part II, Item 8, of this Annual Report.

2. Financial Statement Schedules

All financial statement schedules have been omitted because they are not required or are not applicable, or the required information is shown in our Consolidated Financial Statements or the notes thereto.

3. Exhibits

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

21.1* Subsidiaries of the Company

31.1* Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 for Rose Hong Wang.

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

32* Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for Rose Hong Wang and Sheng-Yih Chang

101.INS* Inline XBRL Instance Document

101.SCH* Inline XBRL Taxonomy Extension Schema Document

101.CAL* Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF* Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB* Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE* Inline XBRL Taxonomy Extension Presentation Linkbase Document

104* Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Filed herewith

33

SIGNATURES

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

	HARTFORD GREAT HEALTH CORP.
Date: June 12, 2023	By:	/s/ ROSE HONG WANG
		Rose Hong Wang
		Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934 this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Name	Title	Date
/s/ Rose Hong Wang	Chief Executive Officer, President, Dir.	June 12, 2023
Rose Hong Wang	(Principal Executive Officer)
/s/ Sheng-Yih Chang	Chief Financial Officer	June 12, 2023
Sheng-Yih Chang	(Principal Accounting Officer)
/s/ Yuan Lu	Director	June 12, 2023
Yuan Lu
/s/ Xin Dong	Director	June 12, 2023
Xin Dong

34

EX-21.1

Exhibit 21.1

SUBSIDIARIES OF THE COMPANY

The following is a list of subsidiaries of the Company as of July 31, 2022, omitting subsidiaries which, considered in the aggregate, would not constitute a significant subsidiary.

	State or Other Jurisdiction
	of Incorporation or
Subsidiaries	Organization
Hartford Great Health Management (Shanghai) Ltd. (“HFSH”)	Shanghai, China
Hartford International Education Technology (Shanghai) Co. Ltd. (“HF Int’l Education”)	Shanghai, China
Hangzhou Hartford Comprehensive Health Management, Ltd. (“HZHF”)	Hangzhou, China
Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd (“HZLJ”)	Hangzhou, China
Pudong Haojin Childhood Education Ltd. (“PDHJ”)	Shanghai, China
Shanghai Hongkou HaiDeFuDe Childcare Co., Ltd.(“HDFD”)	Shanghai, China
Shanghai Gelinke Childcare Education Center (“Gelinke”)	Shanghai, China
HDFD Zhongli Education Technology Co., Ltd. (“Zhongli”)	Shanghai, China

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, Rose Hong Wang, certify that:

1. I have reviewed this Annual Report on Form 10-K/A 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 12, 2023

/s/ ROSE HONG WANG

Rose Hong Wang

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 Annual Report on Form 10-K/A 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 12, 2023

/s/ Sheng-Yih Chang

Sheng-Yih Chang

Chief Financial Officer

EX-32

Exhibit 32

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 Annual Report on Form 10-K/A of the Company for the year ended July 31, 2022 (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 12, 2023	/s/ ROSE HONG WANG
	Rose Hong Wang
	Chief Executive Officer
Date: June 12, 2023	/s/ SHENG-YIH CHANG
	Sheng-Yih Chang
	Chief Financial Officer

XML

Cover - USD ($)	12 Months Ended
	Jul. 31, 2022	May 27, 2023	Jan. 31, 2022
Cover [Abstract]
Document Type	10-K/A
Amendment Flag	true
Amendment Description	This Amendment No. 1 to our Annual Report on Form 10-K for the annual period from August 1, 2021 to July 31, 2022, which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 14, 2022 (the “Original Filing”), is being filed for the following purposes
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jul. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--07-31
Entity File Number	000-54439
Entity Registrant Name	Hartford Great Health Corp.
Entity Central Index Key	0001482554
Entity Tax Identification Number	51-0675116
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	8832 Glendon Way
Entity Address, City or Town	Rosemead
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91770
City Area Code	(626)
Local Phone Number	321-1915
Title of 12(b) Security	Common stock, par value $0.001 par value
Trading Symbol	HFUS
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 5,002,840
Entity Common Stock, Shares Outstanding		100,108,000
Auditor Name	Simon & Edward, LLP
Auditor Firm ID	2485
Auditor Location	Rowland Heights, California

XML

Consolidated Balance Sheets - USD ($)	Jul. 31, 2022	Jul. 31, 2021
ASSETS
Cash and cash equivalents	$ 15,227	$ 12,739
Prepaid and Other current receivables	1,154	1,203
Related party receivable	14,233	309
Current assets held for sale	4,499,736	975,837
Total Current Assets	4,530,350	990,088
Non-current Assets
Property and equipment, net	8,006	8,357
Non-current assets held for sale		4,744,153
Total Non-current Assets	8,006	4,752,510
TOTAL ASSETS	4,538,356	5,742,598
Current Liabilities
Related party loan and payables	4,481,524	3,711,606
Other current payable	144,760	145,435
Current liabilities held for sale	6,344,721	2,681,639
Total Current Liabilities	10,971,005	6,538,680
Long-term liabilities held for sale		4,190,368
TOTAL LIABILITIES	10,971,005	10,729,048
Commitments and contingencies (Note 7)
Stockholders’ Equity (Deficit)
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 shares outstanding at both of July 31, 2022 and 2021.	100,108	100,108
Additional paid-in capital	2,173,521	2,173,521
Accumulated deficit	(7,400,620)	(5,821,519)
Accumulated other comprehensive loss	(16,742)	(233,487)
Noncontrolling interest	(1,288,916)	(1,205,073)
Total Stockholders’ Deficit	(6,432,649)	(4,986,450)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 4,538,356	$ 5,742,598

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2022	Jul. 31, 2021
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 outstanding	100,108,000	100,108,000

XML

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Income Statement [Abstract]
Selling, general and administrative	$ 177,913	$ 255,655
Total operating cost and expenses	177,913	255,655
Operating Loss	(177,913)	(255,655)
Other Income (Expense)
Interest (expense) income, net	(11,857)	14,806
Gain on disposal of subsidiary		104,317
Other income, net	140	55,604
Other (expense) income, net	(11,717)	174,727
(Loss) income before income taxes	(189,630)	(80,928)
Income Tax Expense	800	800
Net (loss) income from continuing operations	(190,430)	(81,728)
Less: net income from continuing operations attributable to noncontrolling Interest
Net (loss) income from continuing operations Attributable to Hartford Great Health Corp	(190,430)	(81,728)
Income loss from discontinued operations, net of income taxes	(1,582,152)	(2,760,611)
Less: net loss from discontinued operations attributable to noncontrolling Interest	(193,481)	(589,005)
Net loss from discontinued operations Attributable to Hartford Great Health Corp	$ (1,388,671)	$ (2,171,606)
Net loss per common share:
Continuing operations	$ (0.00)	$ 0.00
Discontinued operations	(0.01)	(0.02)
Basic and Diluted	$ (0.02)	$ (0.02)
Weighted average shares outstanding:
Basic and diluted	100,108,000	99,790,192

XML

Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Income Statement [Abstract]
Net Loss	$ (1,579,101)	$ (2,253,334)
Other Comprehensive income (loss), net of income tax
Foreign currency translation adjustments	267,073	(217,953)
Total other comprehensive loss	267,073	(217,953)
Less: total other comprehensive loss attributable to noncontrolling interest	50,328	(39,612)
Total Other Comprehensive Loss Attributable to Hartford Great Health Corp	216,745	(178,341)
Total Comprehensive Loss	$ (1,362,356)	$ (2,431,675)

XML

Consolidated Statements of Changes in Stockholders' Equity (Deficit) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Jul. 31, 2020	$ 99,108	$ 2,154,521	$ (3,568,185)	$ (55,146)	$ (917,489)	$ (2,287,191)
Balance, shares at Jul. 31, 2020	99,108,000
Net (loss)			(2,253,334)		(589,005)	(2,842,339)
Issuance of common stock	$ 1,000	19,000				20,000
Issuance of common stock, shares	1,000,000
Restructure of subsidiary					403,131	403,131
Disposal of subsidiary					(62,098)	(62,098)
Foreign currency translation adjustment				(178,341)	(39,612)	(217,953)
Balance at Jul. 31, 2021	$ 100,108	2,173,521	(5,821,519)	(233,487)	(1,205,073)	(4,986,450)
Balance, shares at Jul. 31, 2021	100,108,000
Net (loss)			(1,579,101)		(193,481)	(1,772,582)
Foreign currency translation adjustment				216,745	50,328	267,073
Investment from noncontrolling interest					59,310	59,310
Balance at Jul. 31, 2022	$ 100,108	$ 2,173,521	$ (7,400,620)	$ (16,742)	$ (1,288,916)	$ (6,432,649)
Balance, shares at Jul. 31, 2022	100,108,000

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Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Cash flows from operating activities:
Net loss including noncontrolling interests	$ (1,772,582)	$ (2,842,339)
Adjustments to reconcile net loss including noncontrolling interests to net cash provided by (used in) operating activities:
Depreciation and amortization	122,065	85,103
Disposal of subsidiary, including noncontrolling interest		(104,316)
Debts forgiveness per court ruling		(162,806)
Loss from restructure		403,131
Loss on disposal of property and equipment		760
Impairment loss		70,514
Changes in operating assets and liabilities:
Prepaid and Other current receivables	225,428	(87,978)
Inventory	5,327	(299,588)
Other assets	24,078	10,435
Related party receivables and payables	(81,013)	(185,693)
Contract liabilities	26,466	373,413
Other current payable	102,526	312,902
Operating lease assets and liabilities	458,993	17,779
Other liabilities	27,880	27,108
Net cash used in operating activities	(860,832)	(2,381,575)
Cash flows from investing activities:
Cash proceeds from Acquisitions		27,927
Cash used in Acquisitions		(15,206)
Disposal of subsidiary		(30,116)
Purchases of property and equipment	(145,048)	(168,287)
Net cash used in investing activities	(145,048)	(185,682)
Cash flows from financing activities:
Contribution from noncontrolling interest	61,750
Proceeds from issuance of common stock		20,000
Proceeds of related party notes payable	145,000	145,000
Principal payments on finance lease	(23,156)	(22,049)
Advances from related parties	788,673	2,407,033
Net cash provided by financing activities	972,267	2,549,984
Effect of exchange rate changes on cash	(400)	6,174
Net change in Cash, cash equivalents and restricted cash	(34,013)	(11,099)
Cash, cash equivalents and restricted cash at beginning of period	54,178	65,277
Cash, cash equivalents and restricted cash at end of period	20,165	54,178
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		$ 765,131

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jul. 31, 2022

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.

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”). 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”). Gelinke temporally ceased its operations by the end of August 2021. On August 31, 2021, PDHJ established one 96% owned subsidiary, Shanghai HDFD Zhongli Education Technology Co., Ltd. (“Zhongli”), two individual investors hold the remaining 4% ownership, see note 4 Acquisitions, Joint Ventures and Deconsolidation.

Impacted by the government regulation newly implemented in education industry and the restrictions posted by the Chinese government to control the pandemic in China since 2021, to avoid further operation losses, subsequently on August 1, 2022, HFSH entered a contract with a related party, Shanghai Oversea Chinese Culture Media Ltd. (“SH Oversea”), to sell 90 percent ownership of HF Int’l Education and its subsidiaries for $900 (RMB 5,850). On August 1, 2022, HFUS entered a contract with SH Oversea and another individual, to sell 100 percent ownership of HZHF and its subsidiaries for $1,000 (RMB 6,500). As of July 31, 2022, the asset group in Education segment and the asset group in Hospitality segment classified as assets and liabilities held for sale, and it is the Company’s intention to complete the sales of these assets within the upcoming year.

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.

Foreign Currency: The accounts of the Company’s foreign subsidiaries are translated in accordance with FASB ASC 830. Foreign currency transaction gains and losses are recognized in other expense, net, at the time they occur. Net foreign currency exchange gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries whose functional currency is not the U.S. dollar are recorded as a part of accumulated other comprehensive loss in stockholders’ equity. The Company does not undertake hedging transactions to cover its foreign currency exposure.

Comprehensive Income (loss): For the year ended July 31, 2022 and 2021, the Company included its foreign currency translation gain or loss as part of its comprehensive income (loss).

Fair value measurement: Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Accounting Standard Codification (“ASC”) 820, Fair Value Measurements and Disclosures (“ASC 820”), describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value, which are the following:

Level 1 - Quoted prices in active markets for identical assets or liabilities or funds.

Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, related party receivable, prepaid and other current receivable, accounts payable, related party payable and other current payable. The carrying amounts of afore-mentioned accounts approximate fair value because of their short-term nature.

Cash and Cash Equivalents: The Company maintains cash with banks in the USA and China. Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. In China, a depositor has up to RMB500,000 insured by the People’s Bank of China Financial Stability Bureau (“FSD”). In the United States, the standard insurance amount is USD250,000 per depositor in a bank insured by the Federal Deposit Insurance Corporation (“FDIC”). Financial instruments that potentially subject the Company to significant concentrations of credit risk are cash and cash equivalents and accounts receivable. As of July 31, 2022 and 2021, respectively, none of the Company’s cash and cash equivalents held by financial institutions was uninsured. With respect to accounts receivable, the Company generally does not require collateral and does not have an allowance for doubtful accounts.

Receivables: The Company evaluates the collectability of its receivables based on a number of factors. In circumstances where the Company becomes aware of a specific customer’s or borrower’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded, which reduces the recognized receivable to the estimated amount the Company believes will ultimately be collected. As of July 31, 2022 and 2021, all balances are collectable based on management’s assessment.

Property and equipment, net: Property and equipment, net, are stated at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives of property and equipment are as follows:

	Years
Leasehold improvements	Lesser of lease term or estimated useful life
ROU assets-Finance lease	Lease term
Furniture and fixtures	3-5
Office equipment and vehicles	3-5
Computer software	3-5

Expenditures for repairs and maintenance are charged to expense as incurred.

Goodwill and Long-lived Assets: Goodwill, which represents the excess of the purchase price over the fair value of identifiable net assets acquired, is not amortized, in accordance with Accounting Standards Codification (ASC) 350, Intangibles—Goodwill and Other. ASC 350 requires that goodwill be tested for impairment at the reporting unit level on an annual basis and between annual tests, if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit.

The Company has the option to assess goodwill for possible impairment by performing a qualitative analysis to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. A quantitative assessment is performed if the qualitative assessment results in a more-likely-than-not determination or if a qualitative assessment is not performed. The quantitative assessment considers whether the carrying amount of a reporting unit exceeds its fair value, in which case an impairment charge is recorded to the extent that the reporting unit’s carrying value exceeds its fair value. The Company’s goodwill was mainly generated from the acquisitions during the year ended July 31, 2019. We currently have two reporting units - Hospitality and Early Childhood Education. Given the impact of COVID-19 pandemic and the unfavorable operation results, an interim goodwill impairment assessment was performed as of January 31, 2020. Based on the assessment result, management determined that the goodwill generated from acquisitions was fully impaired as of July 31, 2021.

Business Combinations: If an acquired set of activities and assets is capable of being operated as a business consisting of inputs and processes from the viewpoint of a market participant, the assets acquired and liabilities assumed are a business. Business combinations are accounted for using the acquisition method of accounting, which requires an acquirer to recognize the assets acquired and the liabilities assumed at the acquisition date measured at their fair values as of that date. Fair value determinations are based on discounted cash flow analyses or other valuation techniques. In determining the fair value of the assets acquired and liabilities assumed in a material acquisition, the Company may utilize appraisals from third party valuation firms to determine fair values of some or all of the assets acquired and liabilities assumed, or may complete some or all of the valuations internally. In either case, the Company takes full responsibility for the determination of the fair value of the assets acquired and liabilities assumed. The value of goodwill reflects the excess of the fair value of the consideration conveyed to the seller over the fair value of the net assets received. Acquisition-related costs that the Company incurs to affect a business combination are expensed in the periods in which the costs are incurred.

Noncontrolling interest: The Company adopted ASC 810, Noncontrolling Interests in Consolidated Financial Statements—an Amendment of Accounting Research Bulletin No. 51, as of January 1, 2009. ASC 810 establishes accounting and reporting standards for ownership interests in subsidiaries held by parties other than the parent, the amount of consolidated net income attributable to the parent and to the noncontrolling interest, changes in a parent’s ownership interest and the valuation of retained noncontrolling equity investments when a subsidiary is deconsolidated. ASC 810 also establishes reporting requirements that provide sufficient disclosures that clearly identify and distinguish between the interest of the parent and the interests of the noncontrolling owner.

Advertising costs: Advertising costs are expensed as incurred. During the year ended July 31, 2022 and 2021, amount of $10,540 and $65,406 advertising expenses were incurred, respectively.

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 balances of tax provisions, deferred tax assets and liabilities as of the reporting periods ended. The tax reforms have no significant impacts on the Company.

Revenue Recognition: The Company adopted ASC Topic 606 Revenue from Contracts with Customers (“Topic 606) on August 1, 2019, applying the modified retrospective method to all contracts that were not completed as of August 1, 2019. The Company is building up its core business upon the completion of multiple acquisitions in March 2019 and impact of COVID-19 pandemic, limited operations occurred during the years ended July 31, 2022 and 2021. The revenue during the years ended July 31, 2022 and 2021 were mainly generated from HZLJ and HF Int’l Education.

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.

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 and transferred to contract liabilities after trial period. 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. For the year ended July 31, 2022 and 2021, $509,920 and $435,149, respectively, of revenue were derived from early childhood education classes provided.

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.

Income (Loss) Per Share: Basic earnings per share include no dilution and are computed by dividing net income (or loss) by the weighted- average number of shares outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company, assuming the issuance of an equivalent number of common shares pursuant to options, warrants, or convertible debt arrangements. Diluted earnings per share are not shown for periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, potential common stock equivalents are not included in the calculation if the effect would be anti-dilutive. No potentially dilutive debt or equity securities were issued or outstanding during the years ended July 31, 2022 or 2021.

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.

Recent Accounting Pronouncements.

Recently adopted accounting pronouncements

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 adoption of ASU 2019-12 had an immaterial impact on the Company’s consolidated statement of operation and consolidated statement of cash flows for the year ended July 31, 2022.

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.

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GOING CONCERN

12 Months Ended

Jul. 31, 2022

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 $7,400,620 as of July 31, 2022. 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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STOCKHOLDERS’ EQUITY

12 Months Ended

Jul. 31, 2022

Equity [Abstract]

STOCKHOLDERS’ EQUITY

NOTE 3. STOCKHOLDERS’ EQUITY

Preferred Stock

The Company is authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share. No shares of preferred stock have been issued or outstanding since Inception (April 2, 2008).

Common Stock

The Company is authorized to issue 300,000,000 shares of common stock with a par value of $0.001 per share. On November 24, 2020, the Company issued 1,000,000 shares of common stock to a significant shareholder of the Company at $0.02 per share. The company had a total of 100,108,000 shares of common stock issued and outstanding at both of July 31, 2022 and 2021.

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ACQUISITIONS, JOINT VENTURES AND DECONSOLIDATION

12 Months Ended

Jul. 31, 2022

Business Combination and Asset Acquisition [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, and reduced to 61.0% 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 held 75.5% of HF Int’l Education and a total of 24.5% equity was held by noncontrolling shareholders. Pursuant to the board meeting held on June 1, 2021, the noncontrolling shareholders sold a total 14.5% equity at zero consideration to HFSH. As a result, HFSH holds 90.0% of HF Int’l Education and $403,131 noncontrolling loss was absorbed by HFSH as a result of the ownership restructure at HF Int’l Education.

Continuous operation losses caused by the market uncertainties including pandemic and government regulations, HF Int’l Education entered agreements to sell the copyrights of seven education textbooks and ten “HaiDeFuDe” registered trademarks owned for RMB1.2 million and RMB1.0 million, respectively, to Hartford Health Management (Shanghai) Co., Ltd (“HFHM”) in March 2021 with approval of the board of directors. The CEO of HFHM is a shareholder of the Company who owns more than 5% of the Company’s common stocks.

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 Gelinke, who engages at early childhood education services in Changning District, Shanghai. 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 acquisition was completed on August 31, 2021. The 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. Due to unfavorable operation result of Gelinke during the year ended July 31, 2021, management determined that $67,712 goodwill generated from Gelinke Acquisition was fully impaired.

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 withdrew 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”)  and the agreement has not yet taken effect. On August 1, 2022, HFSH decided to withdraw from the agreement. There was no penalty levied or to be levied due to delayed execution or inexecution.  

Disposal of subsidiary

On December 31, 2020, HFSH disposed its 90 percent owned subsidiary - Qiao Garden Int’l 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 Int’l 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 Int’l Travel as a result of the Disposal and settled with a payable due to SH Qiaohong at SHHF, who was a debtor of Qiao Garden Int’l Travel, see Note 14, 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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DISCONTINUED OPERATION

12 Months Ended

Jul. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATION

NOTE 5. DISCONTINUED OPERATION

Impacted by the government regulation newly implemented in education industry and the restrictions posted by the Chinese government to control the pandemic in China since 2021, the Company’s business hasn’t been developed as planned and occurred significant loss from the early child education practice. To avoid further operation losses, subsequently on August 1, 2022, HFSH entered a contract with a related party, Shanghai Oversea Chinese Culture Media Ltd. (“SH Oversea”), to sell 90 percent ownership of HF Int’l Education and its subsidiaries for $900 (RMB 5,850). On August 1, 2022, HFUS entered a contract with SH Oversea and another individual, to sell 100 percent ownership of HZHF and its subsidiaries for $1,000 (RMB 6,500).

As of July 31, 2022, the assets and liabilities grouped under Education and Hospitality segments classified as assets and/or liabilities held for sale, and it is the Company’s intention to complete the sales of these assets within the upcoming year. The transactions meet the criteria to be reported as a discontinued operation as they constitute significant strategic business shifts for the Company. We have reported, for all periods presented, the financial condition, results of operations, and cash flows of the operation segments as discontinued operations in the accompanying consolidated financial statements.

The total assets and liabilities of Education and hospitality segments that are classified as held for sale on the Company’s consolidated balance sheet as of July 31, 2022, are as follows: 

		July 31, 2022		July 31, 2021
Assets
Current Assets
Cash and cash equivalents	$	4,938	$	14,873
Prepaid and Other current receivables		45,532		311,594
Related party receivable		428,519		325,555
Inventory		305,124		323,815
Property and equipment, net		582,707		585,160
ROU assets-operating lease		2,836,698		3,837,187
Other assets		296,218		321,806
Total Assets held for sale	$	4,499,736	$	5,719,990
Liabilities
Current Liabilities
Related party loan and payables	$	1,321,549	$	1,332,338
Contract liabilities		547,906		545,346
Lease liabilities, current and noncurrent		3,715,688		4,071,767
Other current payable		401,782		553,841
Other liabilities		357,796		368,715
Total Liabilities held for sale	$	6,344,721	$	6,872,007

For the years ended July 31, 2022 and 2021, results of operations from HF Intel Education and its subsidiaries, and HZHF and its subsidiary were as follows:

For the years ended July 31,	2022 (restated)			2021 (restated)
Net sales	$	561,262		$	553,459
Cost of sales		677,093			722,838
Gross profit		(115,831	)		(169,379	)
Operating expenses:
Selling, general, and administrative expenses		1,579,922			2,520,817
Impairment		-			70,514
Total operating expenses		1,579,922			2,591,331
Loss from operations of discontinued operations		(1,695,753	)		(2,760,710	)
Interest expense		(54,730	)		(45,692	)
Other Income		168,331			45,791
Loss from discontinued operations before income taxes		(1,582,152	)		(2,760,611	)
Income tax benefit (expense)		-			-
Income (loss) from discontinued operations, net of taxes before gain from sale of discontinued operations		(1,582,152	)		(2,760,611	)
Loss from sale of discontinued operations, net of taxes		-			-
Income from discontinued operations, net of taxes	$	(1,582,152	)	$	(2,760,611	)

For the years ended July 31, 2022 and 2021, net cash used in discontinued operations - HF Intel Education and its subsidiaries, and HZHF and its subsidiary were as follows:

	Years ended July 31,
Cash flow of discontinued operations:	2022			2021
Operating cash flows	$	(656,663	)	$	(2,455,829	)
Investing cash flows		(145,048	)		(155,566	)
Net cash used in discontinued operations	$	(801,711	)	$	(2,611,395	)

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RELATED PARTY TRANSACTIONS

12 Months Ended

Jul. 31, 2022

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 6. RELATED PARTY TRANSACTIONS

Related Party Receivables

As of July 31, 2022, $ 428,519 and $325,555 related party receivables were allocated to current assets held for sales, see Note 5, under “Assets and liabilities held for sale”.

Related Party Payables

As of July 31, 2022 and 2021, amounts of $620,876 and $616,159, are payable to SH Qiaohong, respectively. The balances were mainly funding support from SH Qiaohong for operation. The funding support bears no interest and 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 $3,531,064 and $2,926,782 as of July 31, 2022 and 2021, respectively. The payable is funding support from SH Oversea for operation, bears no interest and due on demand.

As of July 31, 2022 and 2021, amount of $290,000 and $145,000, respectively, borrowed 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. $11,857 and $3,856 of interest expenses were recorded during the year ended July 31, 2022 and 2021, respectively. The unpaid principal and interest will be due on demand.

The remaining related party payable of $39,583 and $80,477 as of July 31, 2022 and 2021, 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.

As of July 31, 2022, $1,317,690 and $1,332,338 related party payables were allocated to current liabilities held for sales, see Note 5, under “Assets and liabilities held for sale”.

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.

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COMMITMENTS AND CONTINGENCIES

12 Months Ended

Jul. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 7. COMMITMENTS AND CONTINGENCIES

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

License agreements

In June 2021, HF Int’l Education and its three subsidiaries: PDHJ, HDFD and Gelinke entered license agreements with HFHM for the rights to use the intellectual Properties (the “IPs”) HFHM owns. The IPs cover in the license agreements are four set of curriculum structure designed and fifteen trademarks including “HaiDeFuDe” registered trademarks purchased from HF Int’l Education. As a return, on a monthly basis, HF Int’l Education and its subsidiaries pays 90% of its tuition revenue generated to HFHM as license usage fee. Due to impacts from the pandemic and new regulations issued by Chinese government in education industry, HF Int’l Education occurred significant loss from operation. On July 2022, both parties mutually agreed to amend the fee to 20%, the amended rate is retrospectively applicable since June 1, 2021 and recaptured in 2022. As a result, the Company incurred $6,664 and $161,783 license fees to HFHM for the year ended July 31, 2022 and 2021 reported under discontinued operation, respectively.

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INCOME TAXES

12 Months Ended

Jul. 31, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 8. INCOME TAXES

We recorded income tax expense of $800 for both of the years ended July 31, 2022 and 2021, due to the loss position for the years since inception.

Hartford Great Health Corp.’s deferred tax assets, valuation allowance, and change in valuation allowance are as follows:

					Estimated tax
	Net NOL				benefit from NOL					Change in			Net
	carry-		NOL		and other tax		Valuation			valuation			deferred
Period Ending	forward		expires		benefits (21%)		allowance			allowance			tax asset
31-Jul-21	$	6,634,644		2041	$	1,990,393	$	(1,990,393	)	$	(919,938	)	$	-
31-Jul-22	$	7,400,620		2042	$	2,220,186	$	(2,220,186	)	$	(229,793	)	$	-

Income taxes at the statutory rate are reconciled to reported income tax expense (benefit) as follows:

	2022			2021
Federal income tax rate		21.0	%		21.0	%
State income tax rate		8.8	%		8.8	%
Foreign tax difference		(4.8	)%		(4.1	)%
Non-taxable item adjustment		-	%		(3.2	)%
GILTI		-	%		-	%
Valuation allowance		(25.0	)%		(22.5	)%
Others		-	%		-	%
Effective tax rate		0.0	%		0.0	%

At this time, the Company is unable to determine if it will be able to benefit from its deferred tax asset. There are limitations on the utilization of net operating loss carry-forwards, including a requirement that losses be offset against future taxable income, if any. In addition, there are limitations imposed by certain transactions which are deemed to be ownership changes. Accordingly, a full valuation allowance has been established for the entire deferred tax asset. Other temporary differences and estimated permanent differences are considered immaterial. Open tax years subject to examination by the IRS range from August 1, 2017 to the present. The Company has no uncertain tax positions.

The Company has been in loss position for years since inception and zero balances of deferred tax assets and liabilities as of the reporting periods ended. There was no GILTI tax for the Company for the years ended July 31, 2022 and 2021 due to the operation losses incurred.

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SEGMENT INFORMATION (restated)

12 Months Ended

Jul. 31, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION (restated)

NOTE 9. SEGMENT INFORMATION (restated)

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 July 31, 2022 and revenue generated during the year ended July 31, 2022, as follows:

	Hospitality (Discontinued Operation)			Education (Discontinued Operation)			Corporate and Unallocated (Continued operation)			Total
Revenue	$	51,342		$	509,920		$	-		$	561,262
Operating loss		(129,352	)		(1,566,401	)		(177,913	)		(1,873,666	)
Loss before tax		(182,980	)		(1,399,172	)		(189,630	)		(1,771,782	)
Net Loss Attributable to Hartford Great Health Corp		(129,422	)		(1,259,249	)		(190,430	)		(1,579,101	)
Total assets (excluding Intercompany balances)		303,703			4,196,033			38,620			4,538,356
Assets allocated to held for sale		(303,703	)		(4,196,033	)		-			(4,499,736	)

Segment information on assets as of July 31, 2021 and revenue generated during the year ended July 31, 2021, as follows:

	Hospitality (Discontinued Operation)			Education (Discontinued Operation)			Corporate and Unallocated (Continued operation)			Total
Revenue	$	118,309		$	435,150		$	-		$	553,459
Operating loss		(172,536	)		(2,588,174	)		(255,655	)		(3,016,365	)
Loss before tax		(216,303	)		(2,544,308	)		(80,928	)		(2,841,539	)
Net Loss Attributable to Hartford Great Health Corp		(174,018	)		(1,997,588	)		(81,728	)		(2,253,334	)
Total assets (excluding Intercompany balances)		384,747			5,335,244			22,607			5,742,598
Assets allocated to held for sale		(384,747	)		(5,335,244	)		-			(5,719,991	)

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RESTATEMENT

12 Months Ended

Jul. 31, 2022

Accounting Changes and Error Corrections [Abstract]

RESTATEMENT

NOTE 10. RESTATEMENT

The Company restated its Annual Report on Form 10-K for the annual period from August 1, 2021 to July 31, 2022, which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 14, 2022 (the “Original Filing”), is being filed for the following purposes:

(a) for Consolidated balance sheets on Item 8, Financial Statements, of Part II of Form 10-K, to reclass the balance of Non-current assets held for sale, as of July 31, 2022, to Current assets held for sale.

(b) for Consolidated statements of operations on Item 8, Financial Statements, of Part II of Form 10-K, to separately disclose the discontinued operation results for years ended July 31, 2022 and 2021.

The restatements above have been incorporated into the consolidated statements of operation, Note #5 and #9, respectively.

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SUBSEQUENT EVENTS

12 Months Ended

Jul. 31, 2022

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 11. SUBSEQUENT EVENTS

In accordance with ASC 855, “Subsequent Events”, the Company has evaluated subsequent events through the date of issuance of these financial statements and has noted the following subsequent events to be disclosed.

On August 1, 2022, see note 5, under section “Assets and liabilities held for sale”, HFSH entered a contract with a related party, SH Oversea, to sell 90 percent ownership of HF Int’l Education and its subsidiaries for $900 (RMB 5,850). On August 1, 2022, HFUS entered a contract with SH Oversea and another individual, to sell 100 percent ownership of HZHF and its subsidiaries for $1,000 (RMB 6,500).

On August 1, 2022, HFSH decided to withdraw from the agreement entered in January 2019 to acquire 100 percent equity interest of Shanghai Luo Sheng International Trade Ltd. (“SH Luosheng”). There was no penalty levied or to be levied due to delayed execution or inexecution.

On August 17, 2022, the Company borrowed a note in a total amount of $30,000, in form of a short-term loan at 5% per annum from a related party.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Jul. 31, 2022

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”). 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”). Gelinke temporally ceased its operations by the end of August 2021. On August 31, 2021, PDHJ established one 96% owned subsidiary, Shanghai HDFD Zhongli Education Technology Co., Ltd. (“Zhongli”), two individual investors hold the remaining 4% ownership, see note 4 Acquisitions, Joint Ventures and Deconsolidation.

Impacted by the government regulation newly implemented in education industry and the restrictions posted by the Chinese government to control the pandemic in China since 2021, to avoid further operation losses, subsequently on August 1, 2022, HFSH entered a contract with a related party, Shanghai Oversea Chinese Culture Media Ltd. (“SH Oversea”), to sell 90 percent ownership of HF Int’l Education and its subsidiaries for $900 (RMB 5,850). On August 1, 2022, HFUS entered a contract with SH Oversea and another individual, to sell 100 percent ownership of HZHF and its subsidiaries for $1,000 (RMB 6,500). As of July 31, 2022, the asset group in Education segment and the asset group in Hospitality segment classified as assets and liabilities held for sale, and it is the Company’s intention to complete the sales of these assets within the upcoming year.

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.

Foreign Currency

Foreign Currency: The accounts of the Company’s foreign subsidiaries are translated in accordance with FASB ASC 830. Foreign currency transaction gains and losses are recognized in other expense, net, at the time they occur. Net foreign currency exchange gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries whose functional currency is not the U.S. dollar are recorded as a part of accumulated other comprehensive loss in stockholders’ equity. The Company does not undertake hedging transactions to cover its foreign currency exposure.

Comprehensive Income (loss)

Comprehensive Income (loss): For the year ended July 31, 2022 and 2021, the Company included its foreign currency translation gain or loss as part of its comprehensive income (loss).

Fair value measurement

Fair value measurement: Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Accounting Standard Codification (“ASC”) 820, Fair Value Measurements and Disclosures (“ASC 820”), describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value, which are the following:

Level 1 - Quoted prices in active markets for identical assets or liabilities or funds.

Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, related party receivable, prepaid and other current receivable, accounts payable, related party payable and other current payable. The carrying amounts of afore-mentioned accounts approximate fair value because of their short-term nature.

Cash and Cash Equivalents

Cash and Cash Equivalents: The Company maintains cash with banks in the USA and China. Should any bank holding cash become insolvent, or if the Company is otherwise unable to withdraw funds, the Company would lose the cash with that bank; however, the Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. In China, a depositor has up to RMB500,000 insured by the People’s Bank of China Financial Stability Bureau (“FSD”). In the United States, the standard insurance amount is USD250,000 per depositor in a bank insured by the Federal Deposit Insurance Corporation (“FDIC”). Financial instruments that potentially subject the Company to significant concentrations of credit risk are cash and cash equivalents and accounts receivable. As of July 31, 2022 and 2021, respectively, none of the Company’s cash and cash equivalents held by financial institutions was uninsured. With respect to accounts receivable, the Company generally does not require collateral and does not have an allowance for doubtful accounts.

Receivables

Receivables: The Company evaluates the collectability of its receivables based on a number of factors. In circumstances where the Company becomes aware of a specific customer’s or borrower’s inability to meet its financial obligations to the Company, a specific reserve for bad debts is estimated and recorded, which reduces the recognized receivable to the estimated amount the Company believes will ultimately be collected. As of July 31, 2022 and 2021, all balances are collectable based on management’s assessment.

Property and equipment, net

Property and equipment, net: Property and equipment, net, are stated at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets. The estimated useful lives of property and equipment are as follows:

	Years
Leasehold improvements	Lesser of lease term or estimated useful life
ROU assets-Finance lease	Lease term
Furniture and fixtures	3-5
Office equipment and vehicles	3-5
Computer software	3-5

Expenditures for repairs and maintenance are charged to expense as incurred.

Goodwill and Long-lived Assets

Goodwill and Long-lived Assets: Goodwill, which represents the excess of the purchase price over the fair value of identifiable net assets acquired, is not amortized, in accordance with Accounting Standards Codification (ASC) 350, Intangibles—Goodwill and Other. ASC 350 requires that goodwill be tested for impairment at the reporting unit level on an annual basis and between annual tests, if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. These events or circumstances could include a significant change in the business climate, legal factors, operating performance indicators, competition, or sale or disposition of a significant portion of a reporting unit.

The Company has the option to assess goodwill for possible impairment by performing a qualitative analysis to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. A quantitative assessment is performed if the qualitative assessment results in a more-likely-than-not determination or if a qualitative assessment is not performed. The quantitative assessment considers whether the carrying amount of a reporting unit exceeds its fair value, in which case an impairment charge is recorded to the extent that the reporting unit’s carrying value exceeds its fair value. The Company’s goodwill was mainly generated from the acquisitions during the year ended July 31, 2019. We currently have two reporting units - Hospitality and Early Childhood Education. Given the impact of COVID-19 pandemic and the unfavorable operation results, an interim goodwill impairment assessment was performed as of January 31, 2020. Based on the assessment result, management determined that the goodwill generated from acquisitions was fully impaired as of July 31, 2021.

Business Combinations

Business Combinations: If an acquired set of activities and assets is capable of being operated as a business consisting of inputs and processes from the viewpoint of a market participant, the assets acquired and liabilities assumed are a business. Business combinations are accounted for using the acquisition method of accounting, which requires an acquirer to recognize the assets acquired and the liabilities assumed at the acquisition date measured at their fair values as of that date. Fair value determinations are based on discounted cash flow analyses or other valuation techniques. In determining the fair value of the assets acquired and liabilities assumed in a material acquisition, the Company may utilize appraisals from third party valuation firms to determine fair values of some or all of the assets acquired and liabilities assumed, or may complete some or all of the valuations internally. In either case, the Company takes full responsibility for the determination of the fair value of the assets acquired and liabilities assumed. The value of goodwill reflects the excess of the fair value of the consideration conveyed to the seller over the fair value of the net assets received. Acquisition-related costs that the Company incurs to affect a business combination are expensed in the periods in which the costs are incurred.

Noncontrolling interest

Noncontrolling interest: The Company adopted ASC 810, Noncontrolling Interests in Consolidated Financial Statements—an Amendment of Accounting Research Bulletin No. 51, as of January 1, 2009. ASC 810 establishes accounting and reporting standards for ownership interests in subsidiaries held by parties other than the parent, the amount of consolidated net income attributable to the parent and to the noncontrolling interest, changes in a parent’s ownership interest and the valuation of retained noncontrolling equity investments when a subsidiary is deconsolidated. ASC 810 also establishes reporting requirements that provide sufficient disclosures that clearly identify and distinguish between the interest of the parent and the interests of the noncontrolling owner.

Advertising costs

Advertising costs: Advertising costs are expensed as incurred. During the year ended July 31, 2022 and 2021, amount of $10,540 and $65,406 advertising expenses were incurred, respectively.

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 balances of tax provisions, deferred tax assets and liabilities as of the reporting periods ended. The tax reforms have no significant impacts on the Company.

Revenue Recognition

Revenue Recognition: The Company adopted ASC Topic 606 Revenue from Contracts with Customers (“Topic 606) on August 1, 2019, applying the modified retrospective method to all contracts that were not completed as of August 1, 2019. The Company is building up its core business upon the completion of multiple acquisitions in March 2019 and impact of COVID-19 pandemic, limited operations occurred during the years ended July 31, 2022 and 2021. The revenue during the years ended July 31, 2022 and 2021 were mainly generated from HZLJ and HF Int’l Education.

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.

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 and transferred to contract liabilities after trial period. 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. For the year ended July 31, 2022 and 2021, $509,920 and $435,149, respectively, of revenue were derived from early childhood education classes provided.

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.

Income (Loss) Per Share

Income (Loss) Per Share: Basic earnings per share include no dilution and are computed by dividing net income (or loss) by the weighted- average number of shares outstanding during the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company, assuming the issuance of an equivalent number of common shares pursuant to options, warrants, or convertible debt arrangements. Diluted earnings per share are not shown for periods in which the Company incurs a loss because it would be anti-dilutive. Similarly, potential common stock equivalents are not included in the calculation if the effect would be anti-dilutive. No potentially dilutive debt or equity securities were issued or outstanding during the years ended July 31, 2022 or 2021.

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.

Recent Accounting Pronouncements

Recent Accounting Pronouncements.

Recently adopted accounting pronouncements

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 adoption of ASU 2019-12 had an immaterial impact on the Company’s consolidated statement of operation and consolidated statement of cash flows for the year ended July 31, 2022.

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.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jul. 31, 2022

Accounting Policies [Abstract]

SCHEDULE OF PROPERTY AND EQUIPMENT USEFUL LIFE

	Years
Leasehold improvements	Lesser of lease term or estimated useful life
ROU assets-Finance lease	Lease term
Furniture and fixtures	3-5
Office equipment and vehicles	3-5
Computer software	3-5

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ACQUISITIONS, JOINT VENTURES AND DECONSOLIDATION (Tables)

12 Months Ended

Jul. 31, 2022

Business Combination and Asset Acquisition [Abstract]

SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED

	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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DISCONTINUED OPERATION (Tables)

12 Months Ended

Jul. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

SCHEDULE OF DISCONTINUED OPERATIONS OF FINANCIAL STATEMENTS

The total assets and liabilities of Education and hospitality segments that are classified as held for sale on the Company’s consolidated balance sheet as of July 31, 2022, are as follows: 

		July 31, 2022		July 31, 2021
Assets
Current Assets
Cash and cash equivalents	$	4,938	$	14,873
Prepaid and Other current receivables		45,532		311,594
Related party receivable		428,519		325,555
Inventory		305,124		323,815
Property and equipment, net		582,707		585,160
ROU assets-operating lease		2,836,698		3,837,187
Other assets		296,218		321,806
Total Assets held for sale	$	4,499,736	$	5,719,990
Liabilities
Current Liabilities
Related party loan and payables	$	1,321,549	$	1,332,338
Contract liabilities		547,906		545,346
Lease liabilities, current and noncurrent		3,715,688		4,071,767
Other current payable		401,782		553,841
Other liabilities		357,796		368,715
Total Liabilities held for sale	$	6,344,721	$	6,872,007

For the years ended July 31, 2022 and 2021, results of operations from HF Intel Education and its subsidiaries, and HZHF and its subsidiary were as follows:

For the years ended July 31,	2022 (restated)			2021 (restated)
Net sales	$	561,262		$	553,459
Cost of sales		677,093			722,838
Gross profit		(115,831	)		(169,379	)
Operating expenses:
Selling, general, and administrative expenses		1,579,922			2,520,817
Impairment		-			70,514
Total operating expenses		1,579,922			2,591,331
Loss from operations of discontinued operations		(1,695,753	)		(2,760,710	)
Interest expense		(54,730	)		(45,692	)
Other Income		168,331			45,791
Loss from discontinued operations before income taxes		(1,582,152	)		(2,760,611	)
Income tax benefit (expense)		-			-
Income (loss) from discontinued operations, net of taxes before gain from sale of discontinued operations		(1,582,152	)		(2,760,611	)
Loss from sale of discontinued operations, net of taxes		-			-
Income from discontinued operations, net of taxes	$	(1,582,152	)	$	(2,760,611	)

For the years ended July 31, 2022 and 2021, net cash used in discontinued operations - HF Intel Education and its subsidiaries, and HZHF and its subsidiary were as follows:

	Years ended July 31,
Cash flow of discontinued operations:	2022			2021
Operating cash flows	$	(656,663	)	$	(2,455,829	)
Investing cash flows		(145,048	)		(155,566	)
Net cash used in discontinued operations	$	(801,711	)	$	(2,611,395	)

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INCOME TAXES (Tables)

12 Months Ended

Jul. 31, 2022

Income Tax Disclosure [Abstract]

SCHEDULE OF INCOME TAX VALUATION

Hartford Great Health Corp.’s deferred tax assets, valuation allowance, and change in valuation allowance are as follows:

					Estimated tax
	Net NOL				benefit from NOL					Change in			Net
	carry-		NOL		and other tax		Valuation			valuation			deferred
Period Ending	forward		expires		benefits (21%)		allowance			allowance			tax asset
31-Jul-21	$	6,634,644		2041	$	1,990,393	$	(1,990,393	)	$	(919,938	)	$	-
31-Jul-22	$	7,400,620		2042	$	2,220,186	$	(2,220,186	)	$	(229,793	)	$	-

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

Income taxes at the statutory rate are reconciled to reported income tax expense (benefit) as follows:

	2022			2021
Federal income tax rate		21.0	%		21.0	%
State income tax rate		8.8	%		8.8	%
Foreign tax difference		(4.8	)%		(4.1	)%
Non-taxable item adjustment		-	%		(3.2	)%
GILTI		-	%		-	%
Valuation allowance		(25.0	)%		(22.5	)%
Others		-	%		-	%
Effective tax rate		0.0	%		0.0	%

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SEGMENT INFORMATION (restated) (Tables)

12 Months Ended

Jul. 31, 2022

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT INFORMATION

Segment information on assets as of July 31, 2022 and revenue generated during the year ended July 31, 2022, as follows:

	Hospitality (Discontinued Operation)			Education (Discontinued Operation)			Corporate and Unallocated (Continued operation)			Total
Revenue	$	51,342		$	509,920		$	-		$	561,262
Operating loss		(129,352	)		(1,566,401	)		(177,913	)		(1,873,666	)
Loss before tax		(182,980	)		(1,399,172	)		(189,630	)		(1,771,782	)
Net Loss Attributable to Hartford Great Health Corp		(129,422	)		(1,259,249	)		(190,430	)		(1,579,101	)
Total assets (excluding Intercompany balances)		303,703			4,196,033			38,620			4,538,356
Assets allocated to held for sale		(303,703	)		(4,196,033	)		-			(4,499,736	)

Segment information on assets as of July 31, 2021 and revenue generated during the year ended July 31, 2021, as follows:

	Hospitality (Discontinued Operation)			Education (Discontinued Operation)			Corporate and Unallocated (Continued operation)			Total
Revenue	$	118,309		$	435,150		$	-		$	553,459
Operating loss		(172,536	)		(2,588,174	)		(255,655	)		(3,016,365	)
Loss before tax		(216,303	)		(2,544,308	)		(80,928	)		(2,841,539	)
Net Loss Attributable to Hartford Great Health Corp		(174,018	)		(1,997,588	)		(81,728	)		(2,253,334	)
Total assets (excluding Intercompany balances)		384,747			5,335,244			22,607			5,742,598
Assets allocated to held for sale		(384,747	)		(5,335,244	)		-			(5,719,991	)

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SCHEDULE OF PROPERTY AND EQUIPMENT USEFUL LIFE (Details)	12 Months Ended
	Jul. 31, 2022
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Description of estimated useful lives of property and equipment	Lesser of lease term or estimated useful life
ROU Assets-Finance Lease [Member]
Property, Plant and Equipment [Line Items]
Description of estimated useful lives of property and equipment	Lease term
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Office Equipment and Vehicles [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Office Equipment and Vehicles [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Computer Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Computer Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	1 Months Ended	12 Months Ended
	Dec. 22, 2017	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Aug. 01, 2022 USD ($)	Aug. 01, 2022 CNY (¥)	Jul. 31, 2022 CNY (¥)	Aug. 31, 2021	Dec. 31, 2020	Mar. 23, 2020	Jul. 24, 2019
Product Information [Line Items]
FDIC insured amount		$ 250,000
Advertising cost		10,540	$ 65,406
Income tax examination description	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
Revenue		561,262	553,459
Early Childhood Education Services [Member]
Product Information [Line Items]
Revenue		$ 509,920	$ 435,149
People's Bank of China Financial Stability Bureau [Member]
Product Information [Line Items]
FDIC insured amount | ¥						¥ 500,000
Shanghai Jingyu Education Tech Ltd [Member]
Product Information [Line Items]
Equity ownership percentage							4.00%
Shanghai Hongkou Hai De Fu De Childcare Co Ltd [Member]
Product Information [Line Items]
Equity ownership percentage									100.00%
Pudong Haojin Childhood Education Ltd [Member]
Product Information [Line Items]
Equity ownership percentage										100.00%
Shanghai HDFD Zhongli Education Technology Co Ltd [Member]
Product Information [Line Items]
Equity ownership percentage							96.00%
Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired				90.00%	90.00%			60.00%
Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. [Member] | Subsequent Event [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired				90.00%	90.00%
Shanghai Hartford Comprehensive Health Management, Ltd. [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired								90.00%
Hartford International Education Technology Co., Ltd [Member] | Subsequent Event [Member] | Shanghai Oversea [Member]
Product Information [Line Items]
Related party				$ 900	¥ 5,850
Hangzhou Hartford Comprehensive Health Management Ltd [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired								90.00%
Hangzhou Hartford Comprehensive Health Management Ltd [Member] | Subsequent Event [Member]
Product Information [Line Items]
Business acquisition, percentage of voting interests acquired				100.00%	100.00%
Hangzhou Hartford Comprehensive Health Management Ltd [Member] | Subsequent Event [Member] | Shanghai Oversea [Member]
Product Information [Line Items]
Related party				$ 1,000	¥ 6,500

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GOING CONCERN (Details Narrative) - USD ($)	Jul. 31, 2022	Jul. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 7,400,620	$ 5,821,519

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STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares	Nov. 24, 2020	Jul. 31, 2022	Jul. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Preferred stock, shares authorized		5,000,000	5,000,000
Preferred stock, par value		$ 0.001	$ 0.001
Preferred stock, shares issued		0	0
Preferred stock, shares outstanding		0	0
Common stock, shares authorized		300,000,000	300,000,000
Common stock, par value		$ 0.001	$ 0.001
Common stock, shares issued		100,108,000	100,108,000
Common stock, shares outstanding		100,108,000	100,108,000
Shareholder [Member]
Defined Benefit Plan Disclosure [Line Items]
Issuance of common stock, shares	1,000,000
Share price	$ 0.02

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SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) - Shanghai Gelinke Childcare Education Center [Member]	Jul. 20, 2020 USD ($)
Business Acquisition [Line Items]
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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SCHEDULE OF RECOGNIZED IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) (Parenthetical) - Jul. 20, 2020 - Shanghai Gelinke Childcare Education Center [Member]		USD ($)	CNY (¥)
Business Acquisition [Line Items]
Purchase price		$ 10,462	¥ 70,000
Cash payments to acquire business		14,362	¥ 100,000
Total consideration	[1]	$ 24,824

[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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SCHEDULE OF NET ASSETS (LIABILITIES) DISPOSED OF SUBSIDIARY (Details) - USD ($)		12 Months Ended
	Dec. 31, 2020	Jul. 31, 2022	Jul. 31, 2021
Gain on disposal of the subsidiary, excluding noncontrolling interest		$ (1,388,671)	$ (2,171,606)
Qiao Garden Intel Travel [Member]
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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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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ACQUISITIONS, JOINT VENTURES AND DECONSOLIDATION (Details Narrative) ¥ in Millions		12 Months Ended
	Dec. 31, 2020 CNY (¥)	Jul. 31, 2022	Jul. 31, 2021 USD ($)	Mar. 31, 2021	Jul. 31, 2020	Jun. 19, 2020 CNY (¥)	Mar. 22, 2019 CNY (¥)	Feb. 28, 2019	Jan. 31, 2019
Business Acquisition [Line Items]
Noncontrolling shareholders, description		As a result, HFSH held 75.5% of HF Int’l Education and a total of 24.5% equity was held by noncontrolling shareholders. Pursuant to the board meeting held on June 1, 2021, the noncontrolling shareholders sold a total 14.5% equity at zero consideration to HFSH. As a result, HFSH holds 90.0% of HF Int’l Education and $403,131 noncontrolling loss was absorbed by HFSH as a result of the ownership restructure at HF Int’l Education.
Shanghai Gelinke Childcare Education Center [Member]
Business Acquisition [Line Items]
Goodwill | $			$ 67,712
Shanghai Senior Health Consulting Ltd. [Member]
Business Acquisition [Line Items]
Business acquired ownership interest								85.00%	85.00%
Shanghai Pasadena Ltd. [Member]
Business Acquisition [Line Items]
Business acquired ownership interest								55.00%	55.00%
Shanghai Luo Sheng International Trade Ltd. [Member]
Business Acquisition [Line Items]
Business acquired ownership interest									100.00%
Hangzhou Hartford Comprehensive Health Management Ltd [Member]
Business Acquisition [Line Items]
Business acquired ownership interest	90.00%
Hangzhou Hartford Comprehensive Health Management Ltd [Member]
Business Acquisition [Line Items]
Investment from noncontrolling interest	¥ 4.5
Investment income	¥ 0.5
Shareholder [Member] | Hartford International Education Technology Co., Ltd [Member]
Business Acquisition [Line Items]
Noncontrolling ownership interest					61.00%
Joint Venture Agreement [Member]
Business Acquisition [Line Items]
Joint venture acquired ownership interest							65.00%
Joint Venture Agreement [Member] | Hartford International Education Technology Co., Ltd [Member] | Seven Education Textbooks [Member]
Business Acquisition [Line Items]
Registered capital							¥ 1.2
Joint Venture Agreement [Member] | Hartford International Education Technology Co., Ltd [Member] | Ten “HaiDeFuDe” [Member]
Business Acquisition [Line Items]
Registered capital							¥ 1.0
Joint Venture Agreement [Member] | Maximum [Member]
Business Acquisition [Line Items]
Registered capital						¥ 10.0
Joint Venture Agreement [Member] | Minimum [Member]
Business Acquisition [Line Items]
Registered capital						¥ 5.0
Joint Venture Agreement [Member] | Chief Executive Officer [Member] | Hartford International Education Technology Co., Ltd [Member]
Business Acquisition [Line Items]
Joint venture acquired ownership interest				5.00%

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SCHEDULE OF DISCONTINUED OPERATIONS OF FINANCIAL STATEMENTS (Details) - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Current Assets
Related party receivable	$ 428,519	$ 325,555
Current Liabilities
Related party loan and payables	1,317,690	1,332,338
Total Liabilities held for sale	6,344,721	2,681,639
Interest expense	(11,857)	14,806
Other Income	(11,717)	174,727
Income loss from discontinued operations, net of income taxes	(1,582,152)	(2,760,611)
Discontinued Operations, Held-for-sale or Disposed of by Sale [Member] | Hartford International Education Technology Co., Ltd [Member]
Current Liabilities
Net sales	561,262	553,459
Cost of sales	677,093	722,838
Gross profit	(115,831)	(169,379)
Selling, general, and administrative expenses	1,579,922	2,520,817
Impairment		70,514
Total operating expenses	1,579,922	2,591,331
Loss from operations of discontinued operations	(1,695,753)	(2,760,710)
Interest expense	(54,730)	(45,692)
Other Income	168,331	45,791
Income loss from discontinued operations, net of income taxes	(1,582,152)	(2,760,611)
Income tax benefit (expense)
Income (loss) from discontinued operations, net of taxes before gain from sale of discontinued operations	(1,582,152)	(2,760,611)
Loss from sale of discontinued operations, net of taxes
Cash flow of discontinued operations:
Operating cash flows	(656,663)	(2,455,829)
Investing cash flows	(145,048)	(155,566)
Net cash used in discontinued operations	(801,711)	(2,611,395)
Education and Hospitality Segments [Member] | Discontinued Operations, Held-for-sale or Disposed of by Sale [Member]
Current Assets
Cash and cash equivalents	4,938	14,873
Prepaid and Other current receivables	45,532	311,594
Related party receivable	428,519	325,555
Inventory	305,124	323,815
Property and equipment, net	582,707	585,160
ROU assets-operating lease	2,836,698	3,837,187
Other assets	296,218	321,806
Total Assets held for sale	4,499,736	5,719,990
Current Liabilities
Related party loan and payables	1,321,549	1,332,338
Contract liabilities	547,906	545,346
Lease liabilities, current and noncurrent	3,715,688	4,071,767
Other current payable	401,782	553,841
Other liabilities	357,796	368,715
Total Liabilities held for sale	$ 6,344,721	$ 6,872,007

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DISCONTINUED OPERATION (Details Narrative)	Aug. 01, 2022 USD ($)	Aug. 01, 2022 CNY (¥)	Dec. 31, 2020
Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. [Member]
Restructuring Cost and Reserve [Line Items]
Business acquired ownership interest	90.00%	90.00%	60.00%
Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. [Member] | Subsequent Event [Member]
Restructuring Cost and Reserve [Line Items]
Business acquired ownership interest	90.00%	90.00%
Hartford International Education Technology Co., Ltd [Member] | Subsequent Event [Member] | Shanghai Oversea [Member]
Restructuring Cost and Reserve [Line Items]
Related party	$ 900	¥ 5,850
Hangzhou Hartford Comprehensive Health Management Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Business acquired ownership interest			90.00%
Hangzhou Hartford Comprehensive Health Management Ltd [Member] | Subsequent Event [Member]
Restructuring Cost and Reserve [Line Items]
Business acquired ownership interest	100.00%	100.00%
Hangzhou Hartford Comprehensive Health Management Ltd [Member] | Subsequent Event [Member] | Shanghai Oversea [Member]
Restructuring Cost and Reserve [Line Items]
Related party	$ 1,000	¥ 6,500

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Related Party Transaction [Line Items]
Related party receivable	$ 428,519	$ 325,555
Accounts payable, related parties	39,583	80,477
Related party loan and payables	1,317,690	1,332,338
SHQiahong [Member]
Related Party Transaction [Line Items]
Accounts payable, related parties	620,876	616,159
Shanghai Oversea Chinese Culture Media Ltd [Member]
Related Party Transaction [Line Items]
Accounts payable, related parties	3,531,064	2,926,782
Hartford Hotel Investment Inc [Member]
Related Party Transaction [Line Items]
Short term debt	$ 290,000	145,000
Debt instrument, interest rate, stated percentage	5.00%
Interest expense, related party	$ 11,857	$ 3,856

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COMMITMENTS AND CONTINGENCIES (Details Narrative) - Hartford International Education Technology Co., Ltd [Member] - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
License [Member]
Product Liability Contingency [Line Items]
Incrrued license fees	$ 6,664	$ 161,783
Intellectual Properties [Member]
Product Liability Contingency [Line Items]
Licencse description	As a return, on a monthly basis, HF Int’l Education and its subsidiaries pays 90% of its tuition revenue generated to HFHM as license usage fee. Due to impacts from the pandemic and new regulations issued by Chinese government in education industry, HF Int’l Education occurred significant loss from operation
Amed fee percentage	20.00%

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SCHEDULE OF INCOME TAX VALUATION (Details) - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Net NOL carry-forward	$ 7,400,620	$ 6,634,644
NOL expires	2042	2041
Estimated tax benefit from NOL and other tax benefits (21%)	$ 2,220,186	$ 1,990,393
Valuation allowance	(2,220,186)	(1,990,393)
Change in valuation allowance	(229,793)	(919,938)
Net deferred tax asset

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SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION (Details)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Federal income tax rate	21.00%	21.00%
State income tax rate	8.80%	8.80%
Foreign tax difference	(480.00%)	(410.00%)
Non-taxable item adjustment		(3.20%)
GILTI
Valuation allowance	(25.00%)	(22.50%)
Others
Effective tax rate	0.00%	0.00%

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INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 800	$ 800

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SCHEDULE OF SEGMENT INFORMATION (Details) - USD ($)	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Segment Reporting Information [Line Items]
Revenue	$ 561,262	$ 553,459
Operating loss	(1,873,666)	(3,016,365)
Loss before tax	(1,771,782)	(2,841,539)
Net Loss Attributable to Hartford Great Health Corp	(1,579,101)	(2,253,334)
Total assets (excluding Intercompany balances)	4,538,356	5,742,598
Assets allocated to held for sale	(4,499,736)	(5,719,991)
Hospitality [Member] | Discontinued Operations, Held-for-sale or Disposed of by Sale [Member]
Segment Reporting Information [Line Items]
Revenue	51,342	118,309
Operating loss	(129,352)	(172,536)
Loss before tax	(182,980)	(216,303)
Net Loss Attributable to Hartford Great Health Corp	(129,422)	(174,018)
Total assets (excluding Intercompany balances)	303,703	384,747
Assets allocated to held for sale	(303,703)	(384,747)
Education [Member] | Discontinued Operations, Held-for-sale or Disposed of by Sale [Member]
Segment Reporting Information [Line Items]
Revenue	509,920	435,150
Operating loss	(1,566,401)	(2,588,174)
Loss before tax	(1,399,172)	(2,544,308)
Net Loss Attributable to Hartford Great Health Corp	(1,259,249)	(1,997,588)
Total assets (excluding Intercompany balances)	4,196,033	5,335,244
Assets allocated to held for sale	(4,196,033)	(5,335,244)
Corporate And Unallocated [Member]
Segment Reporting Information [Line Items]
Revenue
Operating loss	(177,913)	(255,655)
Loss before tax	(189,630)	(80,928)
Net Loss Attributable to Hartford Great Health Corp	(190,430)	(81,728)
Total assets (excluding Intercompany balances)	38,620	22,607
Assets allocated to held for sale

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SUBSEQUENT EVENTS (Details Narrative)	Aug. 17, 2022 USD ($)	Aug. 01, 2022 USD ($)	Aug. 01, 2022 CNY (¥)	Dec. 31, 2020
Subsequent Event [Member] | Related Party [Member]
Subsequent Event [Line Items]
Short term debt	$ 30,000
Debt instrument, interest rate, stated percentage	5.00%
Subsequent Event [Member] | Shangai Luo Sheng International Trade Ltd [Member]
Subsequent Event [Line Items]
Equity method investment ownership, perentage		100.00%	100.00%
Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. [Member]
Subsequent Event [Line Items]
Business acquisition, percentage of voting interests acquired		90.00%	90.00%	60.00%
Hangzhou Longjing Qiao Fu Vacation Hotel Co., Ltd. [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Business acquisition, percentage of voting interests acquired		90.00%	90.00%
Hartford International Education Technology Co., Ltd [Member] | Shanghai Oversea [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Related party		$ 900	¥ 5,850
Hangzhou Hartford Comprehensive Health Management Ltd [Member]
Subsequent Event [Line Items]
Business acquisition, percentage of voting interests acquired				90.00%
Hangzhou Hartford Comprehensive Health Management Ltd [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Business acquisition, percentage of voting interests acquired		100.00%	100.00%
Hangzhou Hartford Comprehensive Health Management Ltd [Member] | Shanghai Oversea [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Related party		$ 1,000	¥ 6,500