Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Apr. 30, 2019 | May 30, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | MU GLOBAL HOLDING Ltd | |
Entity Central Index Key | 0001746119 | |
Document Type | 10-Q | |
Document Period End Date | Apr. 30, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --07-31 | |
Entity's Reporting Status Current | Yes | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 59,284,125 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2019 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Apr. 30, 2019 | Jul. 31, 2018 |
NON CURRENT ASSETS | ||
Property, plant and equipment | $ 287,159 | |
Total Non Current Assets | 287,159 | |
CURRENT ASSETS | ||
Cash and cash equivalents | 895,442 | 106,417 |
Other receivables | 8,524 | |
Prepayments and deposits | 105,305 | 7,954 |
Subscription receivables | 800,000 | |
Total Current Assets | 1,009,271 | 914,371 |
TOTAL ASSETS | 1,296,430 | 914,371 |
CURRENT LIABILITIES | ||
Other payables and accrued liabilities | 62,633 | 9,000 |
Amount due to related parties | 88,101 | 28,682 |
Convertible promissory notes | 779,125 | |
Total Current Liabilities | 929,859 | 37,682 |
TOTAL LIABILITIES | 929,859 | 37,682 |
STOCKHOLDERS' EQUITY | ||
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding | ||
Common Shares, par value $0.0001; 600,000,000 shares authorized, 58,505,000 shares issued and outstanding as of April 30, 2019 and July 31, 2018 | 5,851 | 5,851 |
Additional paid in capital | 900,554 | 900,554 |
Foreign currency adjustment | 23,862 | |
Accumulated deficit | (563,696) | (29,716) |
TOTAL STOCKHOLDERS' EQUITY | 366,571 | 876,689 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 1,296,430 | $ 914,371 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Apr. 30, 2019 | Jul. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 200,000,000 | 200,000,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding | ||
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 600,000,000 | 600,000,000 |
Common stock, shares issued | 58,505,000 | 58,505,000 |
Common stock, shares outstanding | 58,505,000 | 58,505,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Losses (Unaudited) | 9 Months Ended |
Apr. 30, 2019USD ($)$ / sharesshares | |
Income Statement [Abstract] | |
REVENUE | $ 19,226 |
COST OF REVENUE | (8,073) |
GROSS PROFIT | 11,153 |
REALISED GAIN ON FOREIGN EXCHANGE | |
UNREALISED LOSS ON FOREIGN EXCHANGE | |
OTHER INCOME | 78 |
SELLING, GENERAL AND ADMINISTRATIVE AND OPERATING EXPENSES | (545,211) |
LOSS BEFORE INCOME TAX | (533,980) |
TAXES PROVISION | |
NET LOSS | (533,980) |
Other comprehensive income: | |
- Foreign currency translation adjustment | |
TOTAL COMPREHENSIVE LOSS | $ (533,980) |
Net loss per share- Basic and diluted | $ / shares | $ 0 |
Weighted average number of common shares outstanding - Basic and diluted | shares | 58,505,000 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) | 9 Months Ended |
Apr. 30, 2019USD ($) | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |
Net loss | $ (533,980) |
Adjustments to reconcile net loss to net cash used in operating activities: | |
Depreciation | 46,891 |
Changes in operating assets and liabilities: | |
Accounts receivables | (8,524) |
Deposit & Prepayment | (97,352) |
Other payables and accrued liabilities | 53,633 |
Amount due to director | 257 |
Amount due to related party | 59,162 |
Net cash provided by/(used in) operating activities | (479,913) |
CASH FLOWS FROM INVESTING ACTIVITIES | |
Purchase of property, plant and equipment | (334,049) |
Net cash used in investing activities | (334,049) |
CASH FLOWS FROM FINANCING ACTIVITIES | |
Convertible promissory note | 779,125 |
Subscription receivables | 800,000 |
Net cash provided by financing activities | 1,579,125 |
Effect of exchange rate changes on cash and cash equivalents | 23,862 |
Net change in cash and cash equivalents | 789,025 |
Cash and cash equivalents, beginning of period | 106,417 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 895,442 |
SUPPLEMENTAL CASH FLOWS INFORMATION | |
Income taxes paid | |
Interest paid |
Description of Business and Org
Description of Business and Organization | 9 Months Ended |
Apr. 30, 2019 | |
Accounting Policies [Abstract] | |
Description of Business and Organization | 1. DESCRIPTION OF BUSINESS AND ORGANIZATION MU Global Holding Limited is organized as a Nevada limited liability company, incorporated on June 4, 2018. For purposes of consolidated financial statement presentation, MU Global Holding Limited and its subsidiary are herein referred to as “the Company” or “we”. The Company business of which planned principal operations are to provide wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon. On June 29, 2018, the Company acquired 100% interest in MU Worldwide Group Limited, a private limited liability company incorporated in Seychelles and its subsidiary MU Global Holding Limited, a private limited liability company incorporated in Hong Kong. On August 16, 2018, the Hong Kong Company incorporated MU Global Health Management (Shanghai) Limited, a wholly owned subsidiary of which incorporated in Shanghai, People Republic of China. Details of the Company’s subsidiary: Company name Place and date of Particulars of issued capital Principal activities 1. MU Worldwide Group Limited Seychelles, June 7, 2018 100 share of ordinary share of US$1 each Investment holding 2. MU Global Holding Limited Hong Kong, January 30, 2018 1 ordinary share of HKD$1 Investment holding 3. MU Global Health Management Shanghai, August 16, 2018 RMB 5,000,000 Providing SPA and Wellness service in Shanghai, China |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Apr. 30, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The Company has adopted its fiscal year-end to be July 31. Basis of consolidation The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation. Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates. Revenue recognition In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon. Cost of revenue Cost of revenue includes the cost of services and product incurred to provide wellness and beauty services and purchase of products. Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. Property, Plant and equipment Property, Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: Categories Estimated useful life Leasehold improvement 11 months to 60 months (over remaining lease term) Computer hardware and software 3 years Office equipment 3 years Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the statement of operations. Income taxes Income taxes are determined in accordance with the provisions of ASC Topic 740, “ Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company conducts major businesses in China and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority. Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Condensed Consolidated Statements of Operations and Comprehensive Income. The reporting currency of the Company and its subsidiary is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods: As of and for the nine months 2019 2018 Period-end RMB : US$1 exchange rate 6.74 6.33 Period-average RMB : US$1 exchange rate 6.82 6.49 Period-end HKD$ : US$1 exchange rate 7.84 7.85 Period-average HKD$ : US$1 exchange rate 7.84 7.82 Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. Fair value of financial instruments: The carrying value of the Company’s financial instruments: cash and cash equivalents, account receivables, amount due to a director, and accounts payable and approximate at their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures Level 1 Level 2 Level 3 Recent accounting pronouncements FASB issues various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities Consolidation The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations. |
Property, Plant and Equipment
Property, Plant and Equipment | 9 Months Ended |
Apr. 30, 2019 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | 3. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment as of April 30, 2019 are summarized below: As of April 30, 2019 Leasehold improvement 152,984 Computer hardware and software 132,774 Office equipment 11,611 1 16,647 2 21,343 Total 335,359 Accumulated depreciation $ (46,962 ) Foreign currency translation adjustment (1,238 ) Property, plant and equipment, net $ 287,159 1 2 Depreciation expense is arise from leasehold improvement, computer hardware and software and office equipment was $46,962 and $0 from August 1, 2018 to April 30, 2019 and from June 4, 2018 (date of inception) to July 31, 2018 respectively |
Prepayments and Deposits
Prepayments and Deposits | 9 Months Ended |
Apr. 30, 2019 | |
Prepayments And Deposits | |
Prepayments and Deposits | 4. PREPAYMENTS AND DEPOSITS Prepayments and deposits consisted of the following at April 30, 2019 and July 31, 2018: As of As of Property, plant and equipment $ 72,217 $ - Deposits 16,386 $ 5,302 Prepaid expenses 16,702 2,652 Total prepaid expenses and deposits $ 105,305 $ 7,954 |
Common Stock
Common Stock | 9 Months Ended |
Apr. 30, 2019 | |
Equity [Abstract] | |
Common Stock | 5. COMMON STOCK On June 4, 2018, our Chief Executive Officer, Ms. Niu Yen-Yen purchased 100,000 shares of restricted common stock of the Company at par value of $0.0001 per share. The monies from this transaction, which totalled $10, went to the Company to be used as initial working capital. On July 6, 2018, Ms. Niu Yen-Yen and Server Int’l Co., Ltd. purchased 25,000,000 and 11,000,000 restricted shares of common stock, respectively, of the Company, at par value of $0.0001 per share. The monies from these transactions, which totalled $3,600, went to the Company to be used as initial working capital. Server Int’l Co., Ltd. is controlled entirely by Ms. Niu Yen-Yen. On July 7, 2018, Chang Chun-Ying and Chang Su-Fen purchased 4,300,000 and 5,000,000 restricted shares of common stock, respectively, of the Company, at par value of $0.0001 per share. The monies from these transactions, which totalled $930, went to the Company to be used as initial working capital. On July 9, 2018, GreenPro Asia Strategic SPC and GreenPro Venture Capital Limited, purchased 2,835,000 and 2,165,000 restricted shares of common stock of the Company, respectively, at par value of $0.0001 per share. The monies from these transactions, which totalled $500, went to the Company to be used as initial working capital. From July 9, 2018 to July 10, 2018 the Company sold a total of 2,150,000 shares of restricted common stock to three non-US residents. Shares were sold at par value, $0.0001 per share. Total proceeds from these shares totalled $215 and went to the Company to be used as initial working capital. On July 11, 2018 the Company sold a total of 710,000 shares of restricted common stock to two non-US residents at a price of $0.03 per share. Total proceeds from these sales of shares totalled $21,300 and went to the Company to be used as initial working capital. On July 25, 2018 the Company sold a total of 995,000 shares of restricted common stock to ten non-US residents at a price of $0.03 per share. Total proceeds from these sales of shares totalled $29,850 and went to the Company to be used as initial working capital. On July 26, 2018 the Company sold 250,000 shares of restricted common stock to one non-US resident at a price of $0.20 per share. Total proceeds from these sales of shares totalled $50,000 and went to the Company to be used as initial working capital. On July 31, 2018 Dezign Format Pte Ltd and Cheng Young-Chien each purchased 2,000,000 restricted shares of common stock of the Company, at $0.20 per share, for total consideration of $800,000. Proceeds went to the Company to be used as initial working capital. On July 10, 2018, Server Int’l Co., Ltd, a Company solely controlled and owned by the CEO has transferred 1,500,000 shares of common stock to 8 non-US residents. From August 1, 2018 to December 13, 2018, Ms. Niu Yen-Yen, the CEO of the Company has transferred 1,557,800 shares of common stock to 16 non-US residents. As of April 30, 2019, MU Global Holding Limited has an issued and outstanding common share of 58,505,000. |
Other Payables and Accrued Liab
Other Payables and Accrued Liabilities | 9 Months Ended |
Apr. 30, 2019 | |
Payables and Accruals [Abstract] | |
Other Payables and Accrued Liabilities | 6. OTHER PAYABLES AND ACCRUED LIABILITIES Other payables and accrued liabilities consisted of the following at April 30, 2019 and July 31, 2018: As of As of Accrued audit fees $ - $ 9,000 Accrued professional fees 4,213 - Other payable and accrued liabilities 58,420 - Total payables and accrued liabilities $ 62,633 $ 9,000 |
Due to Related Parties
Due to Related Parties | 9 Months Ended |
Apr. 30, 2019 | |
Due To Related Parties | |
Due to Related Parties | 7. DUE TO RELATED PARTIES As of April 30, 2019 (Unaudited) As of July 31, 2018 (Audited) Wu, Chun-Teh 1 $ 79,844 $ 20,682 Niu, Yen-Yen 2 8,257 8,000 $ 88,101 $ 28,682 As of April 30, 2019, the balance $79,844 represented an outstanding payable to 1 related party. 1 is a shareholder of the Company, at the same time providing consultation services to the Company and also staff of the company have paid company operation expenses such as renovation cost, rental and staff salaries on behalf of Company. 2 Chief Executive Officer (“Principal Executive Officer”), President, Secretary, Treasurer and Director of the Company, and has paid the Company’s professional fee The amounts due to related parties are unsecured, interest-free with no fixed repayment term, for working capital purpose. |
Income Taxes
Income Taxes | 9 Months Ended |
Apr. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 8. INCOME TAXES For the nine months ended April 30, 2019, the local (United States) and foreign components of income/(loss) before income taxes were comprised of the following: Nine months ended April 30, 2019 (Unaudited) For the period ended July 31, 2018 (Audited) Tax jurisdictions from: Local $ (111,563 ) $ (17,000 ) Foreign, representing - Seychelles - - - Hong Kong $ (105,781 ) $ (12,716 ) - Shanghai $ (316,636 ) - Loss before income tax $ (533,980 ) $ (29,716 ) The provision for income taxes consisted of the following: For the period ended April 30, 2019 For the year ended July 31, 2018 Current: - Local - - - Foreign - - Deferred: - Local - - - Foreign - - Income tax expense $ - $ - The effective tax rate in the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States Seychelles, Hong Kong and Shanghai, PRC that are subject to taxes in the jurisdictions in which they operate, as follows: United States of America The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of April 30, 2019, the operations in the United States of America incurred $128,563 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carryforwards begin to expire in 2038, if unutilized. The Company has provided for a full valuation allowance of $22,549 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. Seychelles Under the current laws of the Seychelles, MU Worldwide Group Limited is registered as an international business company which governs by the International Business Companies Act of Seychelles and there is no income tax charged in Seychelles. Hong Kong MU Global Holding Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income. Shanghai MU Global Health Management (Shanghai) Limited are operating in the People’s Republic of China (PRC) subject to the Corporate Income Tax governed by the Income Tax Law of the PRC with a unified statutory income tax rate of 25%. |
Convertible Promissory Notes
Convertible Promissory Notes | 9 Months Ended |
Apr. 30, 2019 | |
Debt Disclosure [Abstract] | |
Convertible Promissory Notes | 9. CONVERTIBLE PROMISSORY NOTES Between February 26, 2019 and April 30, 2019, the Company issued convertible promissory notes (collectively the “Convertible Notes”) to 45 accredited investors in an aggregated principal amount of $779,125. The Convertible Notes bear no interest with a maturity date due in December 31, 2019 (with an extended maturity date on June 30, 2020 in the circumstances this Registration Statement not yet effective). The principal is payable in a lump sum at maturity. The conversion price of the notes is $1per share. The notes are convertible into shares of the Company’s common stock either 1) at the option of the holders, or 2) upon the effectiveness of this S-1 Registration Statement. Agreement Date Maturity Date Number of investors Principal Amount Conversion price 2/26/2019 12/31/2019 1 2,000 1.00 3/4/2019 12/31/2019 1 100,000 1.00 3/7/2019 12/31/2019 1 30,000 1.00 3/12/2019 12/31/2019 3 115,000 1.00 3/14/2019 12/31/2019 3 8,025 1.00 3/20/2019 12/31/2019 2 51,000 1.00 3/21/2019 12/31/2019 2 203,000 1.00 3/25/2019 12/31/2019 2 17,000 1.00 3/26/2019 12/31/2019 1 2,000 1.00 3/27/2019 12/31/2019 1 5,000 1.00 3/29/2019 12/31/2019 1 50,000 1.00 4/1/2019 12/31/2019 2 18,000 1.00 4/8/2019 12/31/2019 3 15,000 1.00 4/9/2019 12/31/2019 3 103,000 1.00 4/10/2019 12/31/2019 5 19,500 1.00 4/11/2019 12/31/2019 6 23,800 1.00 4/12/2019 12/31/2019 8 16,800 1.00 Total 45 779,125 1.00 |
Concentrations of Risk
Concentrations of Risk | 9 Months Ended |
Apr. 30, 2019 | |
Risks and Uncertainties [Abstract] | |
Concentrations of Risk | 10. CONCENTRATIONS OF RISK Exchange rate risk The Company cannot guarantee that the current exchange rate will remain stable, therefore there is a possibility that the Company could post the same amount of income for two comparable periods and because of the fluctuating exchange rate actually post higher or lower income depending on exchange rate of RMB converted into US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Apr. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 11. COMMITMENTS AND CONTINGENCIES On October 10, 2018, the Company has to enter into rental agreement to rent the outlet in Shanghai for a period of 5 years commencing October 15, 2018 amounted to $4,860 per month and payment to be conducted in advance on bi monthly basis. As of April 30, 2019, the Company has the aggregate minimal rent payments due in the next 5 years as follows: Year ending July, 31 2019 $ 41,395 2020 $ 57,702 2021 $ 57,702 2022 $ 57,702 2023 $ 57,702 On December 19, 2018, the company entered into a contract with supplier for the development of Mobile App which have not been completed during the nine month ended April 30, 2019 with a capital commitment as follows: As of April 31, 2019 (Unaudited) Commitment for acquisition of Mobile App development 21,642 |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Apr. 30, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 12. RELATED PARTY TRANSACTIONS For the period ended April 30, 2019 the Company has following outstanding payable to related party: For the period ended April 30, 2019 (Unaudited) For the period ended July 31, 2018 (Audited) Professional fee paid: - Related party A $ 107,500 $ 8,000 Consultation fee paid: - Related party B $ 49,750 $ 4,105 - Related party C $ 49,750 $ 3,372 Total $ 207,000 $ 15,477 Related party A is the fellow subsidiaries of a corporate shareholder of the Company. Related party B and C are the shareholders of the Company. During the nine months period ended April 30, 2019, the Company incurred professional fees of $107,500 due to related party A. Related party B and C are the employees of the Company and have provided consultancy service for business operation. The related party transactions are generally transacted in an arm-length basis at the current market value in the normal course of business. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Apr. 30, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | 13. SUBSEQUENT EVENTS In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after April 30, 2019 up through the date June 10, 2019 was the Company presented these audited consolidated financial statements. On May 7, 2019 , the convertible note received by the Company amount of $779,125 of convertible promissory notes from 45 accredited investors who reside in Taiwan with conversion price of the convertible notes at $1 per share have converted to common stock of the company after the S-1 registration statement effective on May 6, 2019. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Apr. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of presentation The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). The Company has adopted its fiscal year-end to be July 31. |
Basis of Consolidation | Basis of consolidation The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All inter-company accounts and transactions have been eliminated upon consolidation. |
Use of Estimates | Use of estimates Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates. |
Revenue Recognition | Revenue recognition In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition” Revenue is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The Company derives its revenue from provision of wellness and beauty services to customers via Company owned outlets, franchised outlets or distribution of our product to third party wellness and beauty salon. |
Cost of Revenue | Cost of revenue Cost of revenue includes the cost of services and product incurred to provide wellness and beauty services and purchase of products. |
Cash and Cash Equivalents | Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. |
Property, Plant and Equipment | Property, Plant and equipment Property, Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: Categories Estimated useful life Leasehold improvement 11 months to 60 months (over remaining lease term) Computer hardware and software 3 years Office equipment 3 years Expenditures for maintenance and repairs are expensed as incurred. The gain or loss on the disposal of plant and equipment is the difference between the net sales proceeds and the carrying amount of the relevant assets and is recognized in the statement of operations. |
Income Taxes | Income taxes Income taxes are determined in accordance with the provisions of ASC Topic 740, “ Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company conducts major businesses in China and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority. |
Foreign Currencies Translation | Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the Condensed Consolidated Statements of Operations and Comprehensive Income. The reporting currency of the Company and its subsidiary is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods: As of and for the nine months 2019 2018 Period-end RMB : US$1 exchange rate 6.74 6.33 Period-average RMB : US$1 exchange rate 6.82 6.49 Period-end HKD$ : US$1 exchange rate 7.84 7.85 Period-average HKD$ : US$1 exchange rate 7.84 7.82 |
Related Parties | Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. |
Fair Value of Financial Instruments | Fair value of financial instruments: The carrying value of the Company’s financial instruments: cash and cash equivalents, account receivables, amount due to a director, and accounts payable and approximate at their fair values because of the short-term nature of these financial instruments. The Company also follows the guidance of the ASC Topic 820-10, “ Fair Value Measurements and Disclosures Level 1 Level 2 Level 3 |
Recent Accounting Pronouncements | Recent accounting pronouncements FASB issues various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities Consolidation The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations. |
Description of Business and O_2
Description of Business and Organization (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Accounting Policies [Abstract] | |
Schedule of Company's Subsidiary | Details of the Company’s subsidiary: Company name Place and date of Particulars of issued capital Principal activities 1. MU Worldwide Group Limited Seychelles, June 7, 2018 100 share of ordinary share of US$1 each Investment holding 2. MU Global Holding Limited Hong Kong, January 30, 2018 1 ordinary share of HKD$1 Investment holding 3. MU Global Health Management Shanghai, August 16, 2018 RMB 5,000,000 Providing SPA and Wellness service in Shanghai, China |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Accounting Policies [Abstract] | |
Schedule of Property, Plant and Equipment Estimated Life | Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: Categories Estimated useful life Leasehold improvement 11 months to 60 months (over remaining lease term) Computer hardware and software 3 years Office equipment 3 years |
Schedule of Foreign Exchange Rates Translation | Translation of amounts from RMB and HK$ into US$1 has been made at the following exchange rates for the respective periods: As of and for the nine months 2019 2018 Period-end RMB : US$1 exchange rate 6.74 6.33 Period-average RMB : US$1 exchange rate 6.82 6.49 Period-end HKD$ : US$1 exchange rate 7.84 7.85 Period-average HKD$ : US$1 exchange rate 7.84 7.82 |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property, Plant and Equipment | Property, plant and equipment as of April 30, 2019 are summarized below: As of April 30, 2019 Leasehold improvement 152,984 Computer hardware and software 132,774 Office equipment 11,611 1 16,647 2 21,343 Total 335,359 Accumulated depreciation $ (46,962 ) Foreign currency translation adjustment (1,238 ) Property, plant and equipment, net $ 287,159 1 2 |
Prepayments and Deposits (Table
Prepayments and Deposits (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Notes to Financial Statements | |
Schedule of Prepayments and Deposits | Prepayments and deposits consisted of the following at April 30, 2019 and July 31, 2018: As of As of Property, plant and equipment $ 72,217 $ - Deposits 16,386 $ 5,302 Prepaid expenses 16,702 2,652 Total prepaid expenses and deposits $ 105,305 $ 7,954 |
Other Payables and Accrued Li_2
Other Payables and Accrued Liabilities (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Payables and Accruals [Abstract] | |
Schedule of Other Payables and Accrued Liabilities | Other payables and accrued liabilities consisted of the following at April 30, 2019 and July 31, 2018: As of As of Accrued audit fees $ - $ 9,000 Accrued professional fees 4,213 - Other payable and accrued liabilities 58,420 - Total payables and accrued liabilities $ 62,633 $ 9,000 |
Due to Related Parties (Tables)
Due to Related Parties (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Notes to Financial Statements | |
Schedule of Due to Related Parties | As of April 30, 2019 (Unaudited) As of July 31, 2018 (Audited) Wu, Chun-Teh 1 $ 79,844 $ 20,682 Niu, Yen-Yen 2 8,257 8,000 $ 88,101 $ 28,682 As of April 30, 2019, the balance $79,844 represented an outstanding payable to 1 related party. 1 is a shareholder of the Company, at the same time providing consultation services to the Company and also staff of the company have paid company operation expenses such as renovation cost, rental and staff salaries on behalf of Company. 2 Chief Executive Officer (“Principal Executive Officer”), President, Secretary, Treasurer and Director of the Company, and has paid the Company’s professional fee |
Income Taxes (Tables)
Income Taxes (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of Loss Before Income Tax | For the nine months ended April 30, 2019, the local (United States) and foreign components of income/(loss) before income taxes were comprised of the following: Nine months ended April 30, 2019 (Unaudited) For the period ended July 31, 2018 (Audited) Tax jurisdictions from: Local $ (111,563 ) $ (17,000 ) Foreign, representing - Seychelles - - - Hong Kong $ (105,781 ) $ (12,716 ) - Shanghai $ (316,636 ) - Loss before income tax $ (533,980 ) $ (29,716 ) |
Schedule of Provision for Income Taxes | The provision for income taxes consisted of the following: For the period ended April 30, 2019 For the year ended July 31, 2018 Current: - Local - - - Foreign - - Deferred: - Local - - - Foreign - - Income tax expense $ - $ - |
Convertible Promissory Notes (T
Convertible Promissory Notes (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Promissory Notes | The notes are convertible into shares of the Company’s common stock either 1) at the option of the holders, or 2) upon the effectiveness of this S-1 Registration Statement. Agreement Date Maturity Date Number of investors Principal Amount Conversion price 2/26/2019 12/31/2019 1 2,000 1.00 3/4/2019 12/31/2019 1 100,000 1.00 3/7/2019 12/31/2019 1 30,000 1.00 3/12/2019 12/31/2019 3 115,000 1.00 3/14/2019 12/31/2019 3 8,025 1.00 3/20/2019 12/31/2019 2 51,000 1.00 3/21/2019 12/31/2019 2 203,000 1.00 3/25/2019 12/31/2019 2 17,000 1.00 3/26/2019 12/31/2019 1 2,000 1.00 3/27/2019 12/31/2019 1 5,000 1.00 3/29/2019 12/31/2019 1 50,000 1.00 4/1/2019 12/31/2019 2 18,000 1.00 4/8/2019 12/31/2019 3 15,000 1.00 4/9/2019 12/31/2019 3 103,000 1.00 4/10/2019 12/31/2019 5 19,500 1.00 4/11/2019 12/31/2019 6 23,800 1.00 4/12/2019 12/31/2019 8 16,800 1.00 Total 45 779,125 1.00 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Aggregate Minimal Rent Payments | As of April 30, 2019, the Company has the aggregate minimal rent payments due in the next 5 years as follows: Year ending July, 31 2019 $ 41,395 2020 $ 57,702 2021 $ 57,702 2022 $ 57,702 2023 $ 57,702 |
Schedule of Commitment for Acquisition | On December 19, 2018, the company entered into a contract with supplier for the development of Mobile App which have not been completed during the nine month ended April 30, 2019 with a capital commitment as follows: As of April 31, 2019 (Unaudited) Commitment for acquisition of Mobile App development 21,642 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 9 Months Ended |
Apr. 30, 2019 | |
Related Party Transactions [Abstract] | |
Schedule of Outstanding Payable to Related Party | For the period ended April 30, 2019 the Company has following outstanding payable to related party: For the period ended April 30, 2019 (Unaudited) For the period ended July 31, 2018 (Audited) Professional fee paid: - Related party A $ 107,500 $ 8,000 Consultation fee paid: - Related party B $ 49,750 $ 4,105 - Related party C $ 49,750 $ 3,372 Total $ 207,000 $ 15,477 |
Description of Business and O_3
Description of Business and Organization (Details Narrative) | Jun. 29, 2018 |
MU Worldwide Group Limited [Member] | |
Acquired interest for private limited liability | 100.00% |
Description of Business and O_4
Description of Business and Organization - Schedule of Company's Subsidiary (Details) | 9 Months Ended |
Apr. 30, 2019 | |
MU Worldwide Group Limited [Member] | |
Place and date of incorporation | Seychelles, June 7, 2018 |
Particulars of issued capital | 100 share of ordinary share of US$1 each |
Principal activities | Investment holding |
MU Global Holding Limited [Member] | |
Place and date of incorporation | Hong Kong, January 30, 2018 |
Particulars of issued capital | 1 ordinary share of HKD$1 |
Principal activities | Investment holding |
MU Global Health Management [Member] | |
Place and date of incorporation | Shanghai, August 16, 2018 |
Particulars of issued capital | RMB 5,000,000 |
Principal activities | Providing SPA and Wellness service in Shanghai, China |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) | 9 Months Ended |
Apr. 30, 2019 | |
Accounting Policies [Abstract] | |
Income tax description for likelihood | Greater than 50% |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Schedule of Property, Plant and Equipment Estimated Life (Details) | 9 Months Ended |
Apr. 30, 2019 | |
Leasehold Improvements [Member] | Minimum [Member] | |
Estimated Useful Life | 11 months |
Leasehold Improvements [Member] | Maximum [Member] | |
Estimated Useful Life | 60 months |
Computer Hardware and Software [Member] | |
Estimated Useful Life | 3 years |
Office Equipment [Member] | |
Estimated Useful Life | 3 years |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Schedule of Foreign Exchange Rates Translation (Details) | Apr. 30, 2019 | Apr. 30, 2018 |
Period-end RMB : US$1 Exchange Rate [Member] | ||
Foreign currency exchange rate, translation | 6.74 | 6.33 |
Period-average RMB : US$1 Exchange Rate [Member] | ||
Foreign currency exchange rate, translation | 6.82 | 6.49 |
Period-end HKD : US$1 Exchange Rate [Member] | ||
Foreign currency exchange rate, translation | 7.84 | 7.85 |
Period-average HKD : US$1 Exchange Rate [Member] | ||
Foreign currency exchange rate, translation | 7.84 | 7.82 |
Property, Plant and Equipment_2
Property, Plant and Equipment (Details Narrative) - USD ($) | 2 Months Ended | 9 Months Ended |
Jul. 31, 2018 | Apr. 30, 2019 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 0 | $ 46,891 |
Property, Plant and Equipment -
Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) | Apr. 30, 2019 | Jul. 31, 2018 | |
Total | $ 335,359 | ||
Accumulated depreciation | (46,962) | ||
Foreign currency translation adjustment | (1,238) | ||
Property, plant and equipment, net | 287,159 | ||
Leasehold Improvements [Member] | |||
Total | 152,984 | ||
Computer Hardware and Software [Member] | |||
Total | 132,774 | ||
Office Equipment [Member] | |||
Total | 11,611 | ||
Outlet Design Fee and Equipment [Member] | |||
Total | [1] | 16,647 | |
App Development Fee [Member] | |||
Total | [2] | $ 21,343 | |
[1] | Outlet design fee is fee incurred for the outlet design concept to be follow by all the outlets or shops under the Company so to be a signage outlets of the company. As of April 30, 2019, the outlet design has not yet completed, therefore no depreciation has been provided. | ||
[2] | App development fee is fee incurred for the design and development of the mobile App for the Company. As of April 30, 2019, the app development has not yet completed, therefore no depreciation has been provided. |
Prepayments and Deposits - Sche
Prepayments and Deposits - Schedule of Prepayments and Deposits (Details) - USD ($) | Apr. 30, 2019 | Jul. 31, 2018 |
Prepayments And Deposits | ||
Property, plant and equipment | $ 72,217 | |
Deposits | 16,386 | 5,302 |
Prepaid expenses | 16,702 | 2,652 |
Total prepaid expenses and deposits | $ 105,305 | $ 7,954 |
Common Stock (Details Narrative
Common Stock (Details Narrative) - USD ($) | Jul. 31, 2018 | Jul. 26, 2018 | Jul. 25, 2018 | Jul. 11, 2018 | Jul. 10, 2018 | Jul. 09, 2018 | Jul. 07, 2018 | Jul. 06, 2018 | Jun. 04, 2018 | Dec. 13, 2018 | Apr. 30, 2019 |
Common stock, shares issued | 58,505,000 | 58,505,000 | |||||||||
Common stock, shares outstanding | 58,505,000 | 58,505,000 | |||||||||
GreenPro Asia Strategic SPC and GreenPro Venture Capital Limited [Member] | |||||||||||
Share issued price per shares | $ 0.0001 | ||||||||||
Number of restricted common stock purchased, value | $ 500 | ||||||||||
Server Int'l Co., Ltd [Member] | |||||||||||
Number of restricted common stock purchased | 11,000,000 | ||||||||||
GreenPro Asia Strategic SPC [Member] | |||||||||||
Number of restricted common stock purchased | 2,835,000 | ||||||||||
GreenPro Venture Capital Limited [Member] | |||||||||||
Number of restricted common stock purchased | 2,165,000 | ||||||||||
Dezign Format Pte Ltd [Member] | |||||||||||
Number of restricted common stock purchased | 2,000,000 | ||||||||||
Ms. Niu Yen-Yen [Member] | |||||||||||
Number of restricted common stock purchased | 25,000,000 | 100,000 | |||||||||
Share issued price per shares | $ 0.0001 | ||||||||||
Number of restricted common stock purchased, value | $ 10 | ||||||||||
Ms. Niu Yen-Yen [Member] | Server Int'l Co., Ltd [Member] | |||||||||||
Share issued price per shares | $ 0.0001 | ||||||||||
Number of restricted common stock purchased, value | $ 3,600 | ||||||||||
Chang Chun-Ying [Member] | |||||||||||
Number of restricted common stock purchased | 4,300,000 | ||||||||||
Chang Su-Fen [Member] | |||||||||||
Number of restricted common stock purchased | 5,000,000 | ||||||||||
Chang Chun-Ying and Chang Su-Fen [Member] | |||||||||||
Share issued price per shares | $ 0.0001 | ||||||||||
Number of restricted common stock purchased, value | $ 930 | ||||||||||
Three Non-US Residents [Member] | Restricted Stock [Member] | |||||||||||
Number of restricted common stock sold | 2,150,000 | ||||||||||
Sale of stock price per share | $ 0.0001 | ||||||||||
Number of restricted common stock sold, value | $ 215 | ||||||||||
Two Non-US Residents [Member] | Restricted Stock [Member] | |||||||||||
Number of restricted common stock sold | 710,000 | ||||||||||
Sale of stock price per share | $ 0.03 | ||||||||||
Number of restricted common stock sold, value | $ 21,300 | ||||||||||
Ten Non-US Residents [Member] | Restricted Stock [Member] | |||||||||||
Number of restricted common stock sold | 995,000 | ||||||||||
Sale of stock price per share | $ 0.03 | ||||||||||
Number of restricted common stock sold, value | $ 29,850 | ||||||||||
One Non-US Residents [Member] | Restricted Stock [Member] | |||||||||||
Number of restricted common stock sold | 250,000 | ||||||||||
Sale of stock price per share | $ 0.20 | ||||||||||
Number of restricted common stock sold, value | $ 50,000 | ||||||||||
Cheng Young-Chien [Member] | |||||||||||
Number of restricted common stock purchased | 2,000,000 | ||||||||||
Cheng Young-Chien [Member] | Dezign Format Pte Ltd [Member] | |||||||||||
Share issued price per shares | $ 0.20 | ||||||||||
Number of restricted common stock purchased, value | $ 800,000 | ||||||||||
Eight Non-US Residents [Member] | Server Int'l Co., Ltd [Member] | |||||||||||
Number of restricted common stock sold | 1,500,000 | ||||||||||
Sixteen Non-US Residents [Member] | Ms. Niu Yen-Yen [Member] | |||||||||||
Number of restricted common stock sold | 1,557,800 |
Other Payables and Accrued Li_3
Other Payables and Accrued Liabilities - Schedule of Other Payables and Accrued Liabilities (Details) - USD ($) | Apr. 30, 2019 | Jul. 31, 2018 |
Payables and Accruals [Abstract] | ||
Accrued audit fees | $ 9,000 | |
Accrued professional fees | 4,213 | |
Other payable and accrued liabilities | 58,420 | |
Total payables and accrued liabilities | $ 62,633 | $ 9,000 |
Due to Related Parties (Details
Due to Related Parties (Details Narrative) - USD ($) | Apr. 30, 2019 | Jul. 31, 2018 | |
Due to related parties | $ 88,101 | $ 28,682 | |
Wu, Chun [Member] | |||
Due to related parties | [1] | $ 79,844 | |
[1] | Wu, Chun-Teh1is a shareholder of the Company, at the same time providing consultation services to the Company and also staff of the company have paid company operation expenses such as renovation cost, rental and staff salaries on behalf of Company. |
Due to Related Parties - Schedu
Due to Related Parties - Schedule of Due to Related Parties (Details) - USD ($) | Apr. 30, 2019 | Jul. 31, 2018 | |
Due to related parties | $ 88,101 | $ 28,682 | |
Wu, Chun [Member] | |||
Due to related parties | [1] | 79,844 | |
Wu, Chun-Teh [Member] | |||
Due to related parties | [1] | 20,682 | |
Niu, Yen-Yen [Member] | |||
Due to related parties | [2] | $ 8,257 | $ 8,000 |
[1] | Wu, Chun-Teh1is a shareholder of the Company, at the same time providing consultation services to the Company and also staff of the company have paid company operation expenses such as renovation cost, rental and staff salaries on behalf of Company. | ||
[2] | Niu, Yen-Yen2 are Chief Executive Officer (Principal Executive Officer), President, Secretary, Treasurer and Director of the Company, and has paid the Company's professional fee on behalf of the Company. |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | 9 Months Ended |
Apr. 30, 2019USD ($) | |
Cumulative net operating losses carryforwards | $ 128,563 |
Net operating loss carryforwards expiry date | Dec. 31, 2038 |
Valuation allowance | $ 22,549 |
Hong Kong [Member] | |
Statutory income tax rate | 16.50% |
People's Republic of China [Member] | |
Statutory income tax rate | 25.00% |
Income Taxes - Schedule of Loss
Income Taxes - Schedule of Loss Before Income Tax (Details) - USD ($) | 9 Months Ended | 12 Months Ended |
Apr. 30, 2019 | Jul. 31, 2018 | |
Local | $ (111,563) | $ (17,000) |
Loss before income tax | (533,980) | (29,716) |
Seychelles [Member] | ||
Foreign | ||
Hong Kong [Member] | ||
Foreign | (105,781) | (12,716) |
People's Republic of China [Member] | ||
Foreign | $ (316,636) |
Income Taxes - Schedule of Prov
Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($) | 9 Months Ended | 12 Months Ended |
Apr. 30, 2019 | Jul. 31, 2018 | |
Income Tax Disclosure [Abstract] | ||
Current - Local | ||
Current - Foreign | ||
Deferred - Local | ||
Deferred - Foreign | ||
Income tax expense |
Convertible Promissory Notes (D
Convertible Promissory Notes (Details Narrative) | 9 Months Ended | |
Apr. 30, 2019USD ($)Investors | Jul. 31, 2018USD ($) | |
Debt Disclosure [Abstract] | ||
Convertible promissory notes | $ | $ 779,125 | |
Number of investors | Investors | 45 | |
Debt instrument maturity date | Dec. 31, 2019 | |
Debt instrument maturity description | The Convertible Notes bear no interest with a maturity date due in December 31, 2019 (with an extended maturity date on June 30, 2020 in the circumstances this Registration Statement not yet effective). |
Convertible Promissory Notes -
Convertible Promissory Notes - Schedule of Convertible Promissory Notes (Details) | 9 Months Ended |
Apr. 30, 2019USD ($)Investors$ / shares | |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 45 |
Principal Amount | $ | $ 779,125 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note One [Member] | |
Agreement Date | Feb. 26, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 1 |
Principal Amount | $ | $ 2,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Two [Member] | |
Agreement Date | Mar. 4, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 1 |
Principal Amount | $ | $ 100,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Three [Member] | |
Agreement Date | Mar. 7, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 1 |
Principal Amount | $ | $ 30,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Four [Member] | |
Agreement Date | Mar. 12, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 3 |
Principal Amount | $ | $ 115,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Five [Member] | |
Agreement Date | Mar. 14, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 3 |
Principal Amount | $ | $ 8,025 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Six [Member] | |
Agreement Date | Mar. 20, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 2 |
Principal Amount | $ | $ 51,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Seven [Member] | |
Agreement Date | Mar. 21, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 2 |
Principal Amount | $ | $ 203,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Eight [Member] | |
Agreement Date | Mar. 25, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 2 |
Principal Amount | $ | $ 17,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Nine [Member] | |
Agreement Date | Mar. 26, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 1 |
Principal Amount | $ | $ 2,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Ten [Member] | |
Agreement Date | Mar. 27, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 1 |
Principal Amount | $ | $ 5,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Eleven [Member] | |
Agreement Date | Mar. 29, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 1 |
Principal Amount | $ | $ 50,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Twelve [Member] | |
Agreement Date | Apr. 1, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 2 |
Principal Amount | $ | $ 18,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Thirteen [Member] | |
Agreement Date | Apr. 8, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 3 |
Principal Amount | $ | $ 15,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Fourteen [Member] | |
Agreement Date | Apr. 9, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 3 |
Principal Amount | $ | $ 103,000 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Fifteen [Member] | |
Agreement Date | Apr. 10, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 5 |
Principal Amount | $ | $ 19,500 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Sixteen [Member] | |
Agreement Date | Apr. 11, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 6 |
Principal Amount | $ | $ 23,800 |
Conversion price | $ / shares | $ 1 |
Convertible Promissory Note Seventeen [Member] | |
Agreement Date | Apr. 12, 2019 |
Maturity date | Dec. 31, 2019 |
Number of investors | Investors | 8 |
Principal Amount | $ | $ 16,800 |
Conversion price | $ / shares | $ 1 |
Commitments and Contingencies_2
Commitments and Contingencies (Details Narrative) | Oct. 10, 2018USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Rental agreement term | 5 years |
Payment of monthly rent | $ 4,860 |
Commitments and Contingencies -
Commitments and Contingencies - Schedule of Aggregate Minimal Rent Payments (Details) | Apr. 30, 2019USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2019 | $ 41,395 |
2020 | 57,702 |
2021 | 57,702 |
2022 | 57,702 |
2023 | $ 57,702 |
Commitments and Contingencies_3
Commitments and Contingencies - Schedule of Commitment for Acquisition (Details) | Apr. 30, 2019USD ($) |
Mobile App Development [Member] | |
Commitment for acquisition of Mobile App development | $ 21,642 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 2 Months Ended | 9 Months Ended |
Jul. 31, 2018 | Apr. 30, 2019 | |
Related Party A [Member] | ||
Professional fees | $ 8,000 | $ 107,500 |
Related Party A [Member] | Employees [Member] | ||
Professional fees | 107,500 | |
Related Party B [Member] | Employees [Member] | ||
Professional fees | 107,500 | |
Related Party C [Member] | Employees [Member] | ||
Professional fees | $ 107,500 |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Outstanding Payable to Related Party (Details) - USD ($) | 2 Months Ended | 9 Months Ended |
Jul. 31, 2018 | Apr. 30, 2019 | |
Total | $ 15,477 | $ 207,000 |
Related Party A [Member] | ||
Professional fee | 8,000 | 107,500 |
Related Party B [Member] | ||
Consultation fee | 4,105 | 49,750 |
Related Party C [Member] | ||
Consultation fee | $ 3,372 | $ 49,750 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | May 07, 2019 | Apr. 30, 2019 |
Conversion price per share | $ 1 | |
Subsequent Event [Member] | 45 Accredited Investors | ||
Convertible promissory notes | $ 779,125 | |
Conversion price per share | $ 1 |