Consolidated Statements of Cash Flows - USD ($) |
3 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
Oct. 31, 2016 |
Oct. 31, 2015 |
Jul. 31, 2016 |
Jul. 31, 2015 |
Jul. 31, 2014 |
|
| Cash flows from operating activities: | |||||
| Net loss | $ (651,374) | $ (212,343) | $ (608,184) | $ 657,460 | $ (681,194) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||||
| Depreciation | 74,297 | 67,951 | 266,773 | 414,623 | 74,053 |
| Allowance for doubtful accounts | 60,242 | 0 | 0 | ||
| Rent contributed by shareholders as paid-in capital | 1,500 | 1,500 | 6,000 | 6,000 | 6,000 |
| Gain on termination of capital lease | 0 | (130,960) | (128,379) | 0 | 0 |
| Changes in operating assets and liabilities: | |||||
| Accounts receivable | 2,665,569 | 296,555 | 1,758,079 | (4,736,375) | 0 |
| Other receivables | 306,152 | (127,161) | 43,289 | (337,078) | (24,235) |
| Prepayment | (2,242,905) | (76,914) | 485,715 | 2,438,844 | (7,630,372) |
| Inventory | (592,576) | 3,100 | 503,892 | 6,315,793 | (9,825,555) |
| Due from related party | (71,693) | 9,988 | 583,124 | (581,671) | 0 |
| Deferred tax asset | 0 | 113,932 | (113,932) | ||
| Other current asset | (142,627) | (124,498) | 594,895 | 422,426 | (1,146,785) |
| Accounts payable and accrued liabilities | (752,366) | (148,282) | 1,881,936 | 2,900,812 | 69,894 |
| Other payables and tax payables | 21,946 | (15,095) | 115,154 | 607,729 | 105,623 |
| Advance billings on contracts | 303,207 | 47,782 | |||
| Advance from customers | (5,213,700) | (6,056,247) | 12,052,437 | ||
| Advance from shareholders | 0 | 0 | (50,165) | ||
| Deferred tax liability | (36,258) | (83,388) | 26,832 | 83,388 | 0 |
| Net cash used in operating activities | (1,117,128) | (491,765) | 375,668 | 2,249,636 | (7,164,231) |
| Cash flows from investing activities: | |||||
| Purchase of property and equipment | (7,353) | 0 | (91,814) | (63,234) | (5,792,087) |
| Loan made to related parties | 179,628 | 32,319 | 30,865 | (32,319) | 0 |
| Loan repaid from/(made to) third parties | (185,190) | 0 | 0 | ||
| Net cash provided by investing activities | 172,275 | 32,319 | (246,139) | (95,553) | (5,792,087) |
| Cash flows from financing activities: | |||||
| Proceeds from/(Repayment of) advances from related parties | 368,832 | 142,298 | 671,461 | (2,022,822) | 3,046,744 |
| Advances from director | 0 | 1,712 | (2,817) | (13,007) | 421,665 |
| Advances from shareholders | 0 | 250,000 | 0 | 0 | 19,287 |
| Capital contribution from shareholders | 250,000 | 0 | 8,013,774 | ||
| Net cash provided by financing activities | 368,832 | 394,010 | 918,644 | (2,035,829) | 11,501,470 |
| Effect of exchange rate change on cash | (275,289) | (122,582) | (323,982) | (173,013) | 371,629 |
| Net change in cash and cash equivalents | (851,310) | (188,018) | 724,191 | (54,759) | (1,083,219) |
| Cash and cash equivalents - beginning of period | 1,226,220 | 502,029 | 502,029 | 556,788 | 1,640,007 |
| Cash and cash equivalents - end of period | $ 374,910 | $ 314,011 | 1,226,220 | 502,029 | 556,788 |
| Supplemental disclosure of cash flow information | |||||
| Interest paid | 0 | 0 | 0 | ||
| Income tax paid | $ 140,171 | $ 426,616 | $ 0 | ||