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SEGMENT INFORMATION
9 Months Ended
Apr. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION

14. SEGMENT INFORMATION

 

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

 

The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable segments is shown as below:

 

By Geography:

 

   United States   Malaysia   Hong Kong   Total 
   For the period ended April 30, 2023 
   United States   Malaysia   Hong Kong   Total 
                 
Revenue            
- Current period  $-   $

35,588

   $-   $35,588 
- Over-provision   -    

(878

)   -    

(878

)
Cost of revenue   -    (28,662)   -    (28,662)
Net loss   (39,711)   (124,744)   (113,016)   (277,471)
                     
Total assets  $-   $1,211,067   $68,425   $1,279,492 

 

   United States   Malaysia   Hong Kong   Total 
   For the period ended April 30, 2022 
   United States   Malaysia   Hong Kong   Total 
                 
Revenue  $-   $-   $19,918   $19,918 
Cost of revenue   -    -    (16,328)   (16,328)
Net loss   (105,967)   (48,617)   (108,947)   (263,531)
                     
Total assets  $231,705   $1,576,492   $137,571   $1,945,768