v3.20.4
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 31, 2020
Jul. 31, 2020
Current Assets:    
Cash $ 279,990 $ 4,171,371
Accounts receivables, net of allowance for bad debt of $0 and $0, respectively 7,197,119 3,006,952
Accounts receivables - related parties 3,401 3,401
Inventories, net 5,103,554 3,559,936
Other current assets 525,047 294,826
Loans receivables - related parties 25,585 50,585
Total current assets 13,134,696 11,087,071
Non-current Assets:    
Property and equipment, net 237,178 223,583
Operating lease asset 1,319,681 1,065,087
Total non-current assets 1,556,859 1,288,670
Total assets 14,691,555 12,375,741
Current Liabilities:    
Accounts payable 7,666,828 8,899,200
Accounts payable - related party 687,040 713,836
Factor payable 3,218,390 0
Other current liabilities 865,688 407,504
Accrued interest 176,198 106,525
Unearned revenue 215,519 7,049,264
Lines of credit from financial institutions 1,699,618 2,224,863
Lines of credit from related parties 447,500 1,013,625
Current portion of convertible note payables - related parties 1,280,375 1,580,375
Current portion of note payables 0 1,802
Current portion of operating lease liabilities 163,011 263,214
Total current liabilities 16,420,167 22,260,208
Operating lease liabilities, net of current portion 1,224,147 866,884
Note payables, net of current portion 508,171 506,699
Convertible note payables - related parties, net of current portion 1,020,140 720,140
Total liabilities 19,172,625 24,353,931
Commitments and contingencies
Stockholders' Deficit:    
Common stock, $0.001 par value; 200,0000,000 shares authorized, 155,044,311 and 136,229,895 shares issued and outstanding, respectively 155,044 138,925
Additional paid in capital 4,026,299 4,042,418
Accumulated deficit (8,662,413) (16,159,533)
Total stockholders' deficit (4,481,070) (11,978,190)
Total liabilities and stockholders' deficit $ 14,691,555 $ 12,375,741

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