Phoenix Plus (PXPC) 10-Q 17 Mar 21 2021 Q2 Quarterly report Financial data

Document Entity Information

Document Entity Information - shares	6 Months Ended
	Jan. 31, 2021	Mar. 12, 2021
Cover [Abstract]
Entity Registrant Name	Phoenix Plus Corp.
Entity Central Index Key	0001785493
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2021
Current Fiscal Year End Date	--07-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		331,917,500
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jan. 31, 2021	Jul. 31, 2020
NON CURRENT ASSETS
Property, plant and equipment, net	$ 27,204	$ 59,852
Operating lease asset-right of use	6,813	14,151
Total Non Current Assets	34,017	74,003
CURRENT ASSETS
Cash and cash equivalents	1,648,857	1,408,048
Trade receivables	9,885	17,943
Prepayments and deposits	245,074	242,936
Subscription receivables
Total Current Assets	1,903,816	1,668,927
TOTAL ASSETS	1,937,833	1,742,930
CURRENT LIABILITIES
Trade payable		577
Other payables and accrued liabilities	332,135	41,666
Amount due to related parties
Operating lease liabilities	7,996	16,632
Total Current Liabilities	340,131	58,875
NON-CURRENT LIABILITIES
Operating lease liabilities
TOTAL LIABILITIES	340,131	58,875
STOCKHOLDERS' EQUITY
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common Shares, par value $0.0001; 1,000,000,000 shares authorized, 331,917,500 shares issued and outstanding as of January 31, 2021 and July 31, 2020	33,192	33,192
Additional paid in capital	2,463,308	2,463,308
Accumulated deficit	(898,798)	(812,445)
TOTAL STOCKHOLDERS' EQUITY	1,597,702	1,684,055
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,937,833	$ 1,742,930

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2021	Jul. 31, 2020
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	1,000,000,000	1,000,000,000
Common stock, shares issued	331,917,500	331,917,500
Common stock, shares outstanding	331,917,500	331,917,500

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Losses (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Income Statement [Abstract]
REVENUE		$ 23,077	$ 14,193	$ 38,383
COST OF REVENUE	(21,118)	(30,878)	(30,185)	(31,714)
GROSS (LOSS)/ PROFIT	(21,118)	(7,801)	(15,992)	6,669
OTHER INCOME	32,147	8,179	53,705	11,199
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	(62,041)	(310,720)	(124,066)	(602,911)
LOSS BEFORE INCOME TAX	(51,012)	(310,342)	(86,353)	(585,043)
INCOME TAX PROVISION
NET LOSS	(51,012)	(310,342)	(86,353)	(585,043)
OTHER COMPREHENSIVE LOSS
TOTAL COMPREHENSIVE LOSS	$ (51,012)	$ (310,342)	$ (86,353)	$ (585,043)
Net loss per share, basic and diluted:
Weighted average number of common shares outstanding - Basic and diluted	331,917,500	331,917,500	331,917,500	331,917,500

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]	Total
Beginning balance at Jul. 31, 2019	$ 33,192	$ 2,463,308		$ (15,425)	$ 2,481,075
Beginning balance, shares at Jul. 31, 2019	331,917,500
Net loss for the period				(274,701)	(274,701)
Ending balance at Oct. 31, 2019	$ 33,192	2,463,308		(290,126)	2,206,374
Ending balance, shares at Oct. 31, 2019	331,917,500
Beginning balance at Jul. 31, 2019	$ 33,192	2,463,308		(15,425)	2,481,075
Beginning balance, shares at Jul. 31, 2019	331,917,500
Net loss for the period					(585,043)
Ending balance at Jan. 31, 2020	$ 33,192	2,463,308		(600,468)	1,896,032
Ending balance, shares at Jan. 31, 2020	331,917,500
Beginning balance at Oct. 31, 2019	$ 33,192	2,463,308		(290,126)	2,206,374
Beginning balance, shares at Oct. 31, 2019	331,917,500
Net loss for the period				(310,342)	(310,342)
Ending balance at Jan. 31, 2020	$ 33,192	2,463,308		(600,468)	1,896,032
Ending balance, shares at Jan. 31, 2020	331,917,500
Beginning balance at Jul. 31, 2020	$ 33,192	2,463,308		(812,445)	1,684,055
Beginning balance, shares at Jul. 31, 2020	331,917,500
Net loss for the period				(35,341)	(35,341)
Ending balance at Oct. 31, 2020	$ 33,192	2,463,308		(847,786)	1,648,714
Ending balance, shares at Oct. 31, 2020	331,917,500
Beginning balance at Jul. 31, 2020	$ 33,192	2,463,308		(812,445)	1,684,055
Beginning balance, shares at Jul. 31, 2020	331,917,500
Net loss for the period					(86,353)
Ending balance at Jan. 31, 2021	$ 33,192	2,463,308		(898,798)	1,597,702
Ending balance, shares at Jan. 31, 2021	331,917,500
Beginning balance at Oct. 31, 2020	$ 33,192	2,463,308		(847,786)	1,648,714
Beginning balance, shares at Oct. 31, 2020	331,917,500
Net loss for the period				(51,012)	(51,012)
Ending balance at Jan. 31, 2021	$ 33,192	$ 2,463,308		$ (898,798)	$ 1,597,702
Ending balance, shares at Jan. 31, 2021	331,917,500

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (86,353)	$ (585,043)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	32,647	21,764
Operating lease expenses	7,338	6,826
Amount due from director
Changes in operating assets and liabilities:
Accounts receivables	8,058	(52)
Accounts payable	(577)	22,050
Other payables and accrued liabilities	290,469	(10,000)
Other receivables and prepayment	(2,137)	(5,482)
Amount due to related party		(6,464)
Operating lease liabilities	(8,636)	(6,077)
Net cash provided by/(used in) operating activity	240,809	(562,478)
CASH FLOWS FROM INVESTING ACTIVITY
Purchase of property, plant and equipment		(114,263)
Net cash used in investing activity		(114,263)
CASH FLOWS FROM FINANCING ACTIVITY:
Subscriptions receivables		197,810
Net cash provided by financing activity		197,810
Effect of exchange rate changes on cash and cash equivalents
Net increase/(decrease) in cash and cash equivalents	240,809	(478,931)
Cash and cash equivalents, beginning of period	1,408,048	2,291,534
CASH AND CASH EQUIVALENTS, END OF PERIOD	1,648,857	1,812,603
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid
Interest paid

Description of Business and Org

Description of Business and Organization	6 Months Ended
	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Organization	1. DESCRIPTION OF BUSINESS AND ORGANIZATION Phoenix Plus Corp. was incorporated on November 5, 2018 under the laws of the state of Nevada. The Company, through its subsidiaries, engaged in providing technical consultancy on solar power system and consultancy on green energy solution, and also focused on the commercialization of a targeted portfolio of solar products (amorphous thin film solar panels and ancillary products) and technologies for a wide range of applications including electrical power production. On March 18, 2019, the Company acquired 100% of the equity interests in Phoenix Plus Corp. (herein referred as the “Malaysia Company”), a private limited company incorporated in Labuan, Malaysia. On July 25, 2019, Phoenix Plus Corp., a Malaysia Company acquired Phoenix Plus International Limited (herein referred as the “Hong Kong Company”), a private limited company incorporated in Hong Kong Details of the Company’s subsidiary: Company name Place and date of incorporation Particulars of issued capital Principal activities 1. Phoenix Plus Corp. Labuan / January 4, 2019 100 share of ordinary share of US$1 each Investment holding 2. Phoenix Plus International Limited Hong Kong / March 19, 2019 1 ordinary share of HKD$1 Providing technical consultancy on solar power system and consultancy on green energy solution

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jan. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The consolidated financial statements for Phoenix Plus Corp. and its subsidiaries For the period ended January 31, 2021 is prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Phoenix Plus Corp. and its wholly owned subsidiaries, Phoenix Plus Corp. and Phoenix Plus International Limited. Intercompany accounts and transactions have been eliminated on consolidation. The Company has adopted July 31 as its fiscal year end. Basis of consolidation The 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 606, Revenue from Contracts 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 technical consultancy on solar power system and consultancy on green energy solution. 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 21 months (over remaining lease term) 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. Going Concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended January 31, 2021, the Company incurred a net loss of $86,353 and has generated revenue of $14,193 .These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing. Net income/(loss) per share The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Labuan and Hong Kong maintains its books and record in United States Dollars (“US$”) respectively, and Ringgits Malaysia (“MYR”) is functional currency as being the primary currency of the economic environment in which the entity operates. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from MYR into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods: As of and for the six months 2021 2020 Period-end MYR : US$1 exchange rate 4.04 4.10 Period-average MYR : US$1 exchange rate 4.10 4.16 Period-end HKD$ : US$1 exchange rate 7.75 7.84 Period-average HKD$ : US$1 exchange rate 7.75 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, prepayment, deposits, accounts payable and accrued liabilities and amount due to a director 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” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 Level 2 Level 3: Leases Prior to August 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases Leases, 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.

Common Stock

Common Stock	6 Months Ended
	Jan. 31, 2021
Equity [Abstract]
Common Stock	3. COMMON STOCK On November 5, 2018, the founder of the Company, Mr. Fong Teck Kheong subscribed 100,000 restricted common shares of the Company at a par value of $0.0001 per share for the Company’s initial working capital. On March 25, 2019, Mr. Fong Teck Kheong further subscribed 119,900,000 restricted common shares of the Company at a par value of $0.0001 per share for additional working capital of $11,990. Between March 28, 2019 to April 1, 2019, the others founder of the Company, subscribed 180,000,000 restricted common shares of the Company at a par value of $0.0001 per share, for total additional working capital of $18,000. Between April 9, 2019 to April 16, 2019, the Company has issued 25,100,000 restricted common shares of the Company at $0.03 per share, for a total consideration of $753,000. Between April 25, 2019 to May 10, 2019, the Company has issued 2,000,000 restricted common shares of the Company at $0.10 per share, for a total consideration of $200,000. Between May 11, 2019 to June 18, 2019, the Company has issued 2,067,500 restricted common shares of the Company at $0.20 per share, for a total consideration of $413,500. Between May 20, 2019 to July 25, 2019, the Company has issued 2,750,000 restricted common shares of the Company at $0.40 per share, for a total consideration of $1,100,000. As of January 31, 2021, the Company has an issued and outstanding common share of 331,917,500.

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jan. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	4. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment as of January 31, 2021 are summarized below: As of As of Leasehold improvement $ 114,263 $ 114,263 Accumulated depreciation (87,059 ) $ (54,411 ) Total $ 27,204 $ 59,852 These leasehold improvement include, but are not strictly limited to, preparing the interior of the office space for the Company’s use, improving functionality, and purchasing new office equipment. The leasehold improvement have completed on September 2019. Depreciation expense for the six months period ended January 31, 2021 and January 31, 2020 was $32,647 and $21,764 respectively

Prepayments and Deposits

Prepayments and Deposits	6 Months Ended
	Jan. 31, 2021
Prepayments And Deposits
Prepayments and Deposits	5. PREPAYMENTS AND DEPOSITS Prepayments and deposits consisted of the following at January 31, 2021 and July 31, 2020: As of As of Subscription receivable $ 232,040 $ 232,040 Deposits 3,277 3,277 Prepayment 9,757 7,619 Total prepayments and deposits $ 245,074 $ 242,936 Subscription receivable is an investment in a company’s share of 18,000 ordinary shares.

Other Payables and Accrued Liab

Other Payables and Accrued Liabilities	6 Months Ended
	Jan. 31, 2021
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 January 31, 2021 and July 31, 2020: As of As of Accrued audit fees $ 8,800 $ 12,500 Other payable and accrued liabilities 10,786 11,069 Share subscriptions received in advance 312,549 18,097 Total payables and accrued liabilities $ 332,135 $ 41,666

Revenue

Revenue	6 Months Ended
	Jan. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue	7. REVENUE For the period ended January 31, 2021, .the Company has revenue arise from the following: For the six For the six Consultancy service provided $ 14,193 $ 38,383 - Total Revenue $ 14,193 $ 38,383

Other Revenue

Other Revenue	6 Months Ended
	Jan. 31, 2021
Other Revenue
Other Revenue	8. OTHER REVENUE For the period ended January 31, 2021, .the Company has revenue arise from the following: For the six For the six Gain from foreign exchange arise from bank remittance transaction $ 53,705 $ 11,199 - - $ 53,705 $ 11,199

Income Taxes

Income Taxes	6 Months Ended
	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	9. INCOME TAXES For the six months ended January 31, 2021, the local (United States) and foreign components of income/ (loss) before income taxes were comprised of the following: Six months ended January 31, 2021 Six months ended January 31, 2020 Tax jurisdictions from: Local $ (20,723 ) (248,985 ) Foreign, representing - Labuan 48,366 4,796 - Hong Kong $ (113,996 ) (340,854 ) Loss before income tax $ (86,353 ) (585,043 ) The provision for income taxes consisted of the following: For the period ended January 31, 2021 For the period ended January 31, 2020 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 January 31, 2021, the operations in the United States of America incurred $397,215 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 $83,415 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. Labuan Under the current laws of the Labuan, Phoenix Plus Corp.is governed under the Labuan Business Activity Act, 1990. The tax charge for such company is based on 3% of net audited profit. Hong Kong Phoenix Plus International Limited is subject to Hong Kong Profits Tax, which is charged at the statutory income tax rate of 16.5% on its assessable income.

Lease Right-of-Use Asset and Le

Lease Right-of-Use Asset and Lease Liabilities	6 Months Ended
	Jan. 31, 2021
Leases [Abstract]
Lease Right-of-Use Asset and Lease Liabilities	10. LEASE RIGHT-OF-USE ASSET AND LEASE LIABILITIES The Company officially adopted ASC 842 for the period on and after August 1, 2019 as permitted by ASU 2016-02. ASC 842 originally required all entities to use a “modified retrospective” transition approach that is intended to maximize comparability and be less complex than a full retrospective approach. On July 30, 2018, the FASB issued ASU 2018-11 to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02 of which permits entities may elect not to recast the comparative periods presented when transitioning to ASC 842. As permitted by ASU 2018-11, the Company elect not to recast comparative periods, thusly. As of August 1, 2019, the Company recognized approximately US$26,823, lease liability as well as right-of-use asset for all leases (with the exception of short-term leases) at the commencement date. Lease liabilities are measured at present value of the sum of remaining rental payments as of August 1, 2019, with discounted rate of 3.3% adopted from CIMB Bank Berhad’s fixed deposit rate as a reference for discount rate. A single lease cost is recognized over the lease term on a generally straight-line basis. All cash payments of operating lease cost are classified within operating activities in the statement of cash flows. The initial recognition of operating lease right and lease liability as follow: Gross lease payable $ 27,632 Less: imputed interest (860 ) Initial recognition as of August 1, 2019 $ 26,772 As of January 31, 2021 operating lease right of use asset as follow: Initial recognition as of August 1, 2019 $ 26,772 Additional portion from 1 July 31, 2020 to 30 June 2021 2,719 Accumulated amortization (23,708 ) Foreign exchange translation gain 1,030 Balance as of January 31, 2021 $ 6,813 As of January 31, 2021, operating lease liability as follow: Initial recognition as of August 1, 2019 $ 26,772 Add: additional portion (increase of leasing fee) 2,719 Less: gross repayment (23,008 ) Add: imputed interest 976 Foreign exchange translation loss 537 Balance as of January 31, 2021 $ 7,996 Less: lease liability current portion (7,996 ) Lease liability non-current portion $ - For the three and six months ended January 31, 2021, the amortization of the operating lease right of use asset are $3,749 and $7,338 respectively. Maturities of operating lease obligation as follow: Year ending July 31, 2021 (5 months) 7,996 Total $ 7,996 Other information: Six months ended January 31, 2021 2020 (unaudited) (unaudited) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow from operating lease $ 8,636 $ 6,077 Right-of-use assets obtained in exchange for operating lease liabilities 6,813 19,946 Remaining lease term for operating lease (years) 0.42 1.42 Weighted average discount rate for operating lease 3.3 % 3.3 % Lease expenses were $8,112 and $7,208 during the six months ended January 31, 2021 and 2020 respectively. The Company adopt ASC 842 on and after August 1, 2019

Significant Event

Significant Event	6 Months Ended
	Jan. 31, 2021
Significant Event
Significant Event	11. SIGNIFICANT EVENT During the fiscal year, the World Health Organization declared the Coronavirus (COVID-19) outbreak to be a pandemic, which has caused severe global social and economic disruptions and uncertainties, including markets where the Company operates. The consequences brought about by Covid-19 continue to evolve and whilst the Company actively monitoring and managing its operations to respond to these changes, the Company does not consider it practicable to provide any quantitative estimate on the potential impact it may have on the Company.

Subsequent Events

Subsequent Events	6 Months Ended
	Jan. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	12. 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 July 31, 2021 up through the date the Company issued the audited consolidated financial statements. During this period, there was no subsequent event that required recognition or disclosure

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jan. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of presentation The consolidated financial statements for Phoenix Plus Corp. and its subsidiaries For the period ended January 31, 2021 is prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Phoenix Plus Corp. and its wholly owned subsidiaries, Phoenix Plus Corp. and Phoenix Plus International Limited. Intercompany accounts and transactions have been eliminated on consolidation. The Company has adopted July 31 as its fiscal year end.
Basis of Consolidation	Basis of consolidation The 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 606, Revenue from Contracts 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 technical consultancy on solar power system and consultancy on green energy solution.
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 21 months (over remaining lease term) 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.
Going Concern	Going Concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended January 31, 2021, the Company incurred a net loss of $86,353 and has generated revenue of $14,193 .These factors raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support from its shareholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing.
Net Income/(Loss) Per Share	Net income/(loss) per share The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.”
Foreign Currencies Translation	Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Labuan and Hong Kong maintains its books and record in United States Dollars (“US$”) respectively, and Ringgits Malaysia (“MYR”) is functional currency as being the primary currency of the economic environment in which the entity operates. In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from MYR into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods: As of and for the six months 2021 2020 Period-end MYR : US$1 exchange rate 4.04 4.10 Period-average MYR : US$1 exchange rate 4.10 4.16 Period-end HKD$ : US$1 exchange rate 7.75 7.84 Period-average HKD$ : US$1 exchange rate 7.75 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, prepayment, deposits, accounts payable and accrued liabilities and amount due to a director 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” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 Level 2 Level 3:
Leases	Leases Prior to August 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases Leases,
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)	6 Months Ended
	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Details of Company's Subsidiary	Details of the Company’s subsidiary: Company name Place and date of incorporation Particulars of issued capital Principal activities 1. Phoenix Plus Corp. Labuan / January 4, 2019 100 share of ordinary share of US$1 each Investment holding 2. Phoenix Plus International Limited Hong Kong / March 19, 2019 1 ordinary share of HKD$1 Providing technical consultancy on solar power system and consultancy on green energy solution

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jan. 31, 2021
Accounting Policies [Abstract]
Schedule of Estimated Useful Life of Property and Equipment	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 21 months (over remaining lease term)
Schedule of Foreign Currency Translation	Translation of amounts from MYR into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective periods: As of and for the six months 2021 2020 Period-end MYR : US$1 exchange rate 4.04 4.10 Period-average MYR : US$1 exchange rate 4.10 4.16 Period-end HKD$ : US$1 exchange rate 7.75 7.84 Period-average HKD$ : US$1 exchange rate 7.75 7.82

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jan. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment as of January 31, 2021 are summarized below: As of As of Leasehold improvement $ 114,263 $ 114,263 Accumulated depreciation (87,059 ) $ (54,411 ) Total $ 27,204 $ 59,852

Prepayments and Deposits (Table

Prepayments and Deposits (Tables)	6 Months Ended
	Jan. 31, 2021
Prepayments And Deposits
Schedule of Prepayments and Deposits	Prepayments and deposits consisted of the following at January 31, 2021 and July 31, 2020: As of As of Subscription receivable $ 232,040 $ 232,040 Deposits 3,277 3,277 Prepayment 9,757 7,619 Total prepayments and deposits $ 245,074 $ 242,936

Other Payables and Accrued Li_2

Other Payables and Accrued Liabilities (Tables)	6 Months Ended
	Jan. 31, 2021
Payables and Accruals [Abstract]
Schedule of Other Payables and Accrued Liabilities	Other payables and accrued liabilities consisted of the following at January 31, 2021 and July 31, 2020: As of As of Accrued audit fees $ 8,800 $ 12,500 Other payable and accrued liabilities 10,786 11,069 Share subscriptions received in advance 312,549 18,097 Total payables and accrued liabilities $ 332,135 $ 41,666

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jan. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Revenue	For the period ended January 31, 2021, .the Company has revenue arise from the following: For the six For the six Consultancy service provided $ 14,193 $ 38,383 - Total Revenue $ 14,193 $ 38,383

Other Revenue (Tables)

Other Revenue (Tables)	6 Months Ended
	Jan. 31, 2021
Other Revenue
Schedule of Other Revenue	For the period ended January 31, 2021, .the Company has revenue arise from the following: For the six For the six Gain from foreign exchange arise from bank remittance transaction $ 53,705 $ 11,199 - - $ 53,705 $ 11,199

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Local and Foreign Components of Income (Loss) Before Income Tax	For the six months ended January 31, 2021, the local (United States) and foreign components of income/ (loss) before income taxes were comprised of the following: Six months ended January 31, 2021 Six months ended January 31, 2020 Tax jurisdictions from: Local $ (20,723 ) (248,985 ) Foreign, representing - Labuan 48,366 4,796 - Hong Kong $ (113,996 ) (340,854 ) Loss before income tax $ (86,353 ) (585,043 )
Schedule of Provision for Income Tax	The provision for income taxes consisted of the following: For the period ended January 31, 2021 For the period ended January 31, 2020 Current: - Local $ - - - Foreign - - Deferred: - Local - - - Foreign - - Income tax expense $ - -

Lease Right-of-Use Asset and _2

Lease Right-of-Use Asset and Lease Liabilities (Tables)	6 Months Ended
	Jan. 31, 2021
Leases [Abstract]
Schedule of Initial Recognition of Operating Lease Right and Lease Liability	The initial recognition of operating lease right and lease liability as follow: Gross lease payable $ 27,632 Less: imputed interest (860 ) Initial recognition as of August 1, 2019 $ 26,772
Schedule of Operating Lease Right of Use Asset	As of January 31, 2021 operating lease right of use asset as follow: Initial recognition as of August 1, 2019 $ 26,772 Additional portion from 1 July 31, 2020 to 30 June 2021 2,719 Accumulated amortization (23,708 ) Foreign exchange translation gain 1,030 Balance as of January 31, 2021 $ 6,813
Schedule of Operating Lease Liability	As of January 31, 2021, operating lease liability as follow: Initial recognition as of August 1, 2019 $ 26,772 Add: additional portion (increase of leasing fee) 2,719 Less: gross repayment (23,008 ) Add: imputed interest 976 Foreign exchange translation loss 537 Balance as of January 31, 2021 $ 7,996 Less: lease liability current portion (7,996 ) Lease liability non-current portion $ -
Schedule of Maturities of Operating Lease Obligation	Maturities of operating lease obligation as follow: Year ending July 31, 2021 (5 months) 7,996 Total $ 7,996
Schedule of Other Information	Other information: Six months ended January 31, 2021 2020 (unaudited) (unaudited) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow from operating lease $ 8,636 $ 6,077 Right-of-use assets obtained in exchange for operating lease liabilities 6,813 19,946 Remaining lease term for operating lease (years) 0.42 1.42 Weighted average discount rate for operating lease 3.3 % 3.3 %

Description of Business and O_3

Description of Business and Organization (Details Narrative)	Mar. 18, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Ownership percentage	100.00%

Description of Business and O_4

Description of Business and Organization - Schedule of Details of Company's Subsidiary (Details)	6 Months Ended
	Jan. 31, 2021
Parent Company [Member]
Company name	Phoenix Plus Corp.
Place and date of incorporation	Labuan / January 4, 2019
Particulars of issued capital	100 share of ordinary share of US$1 each
Principal activities	Investment holding
Phoenix Plus International Limited [Member]
Company name	Phoenix Plus International Limited
Place and date of incorporation	Hong Kong / March 19, 2019
Particulars of issued capital	1 ordinary share of HKD$1
Principal activities	Providing technical consultancy on solar power system and consultancy on green energy solution

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Jan. 31, 2021	Oct. 31, 2020	Jan. 31, 2020	Oct. 31, 2019	Jan. 31, 2021	Jan. 31, 2020
Accounting Policies [Abstract]
Income tax likelihood settlement, description					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.
Net loss	$ (51,012)	$ (35,341)	$ (310,342)	$ (274,701)	$ (86,353)	$ (585,043)
Revenue			$ 23,077		$ 14,193	$ 38,383

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Estimated Useful Life of Property and Equipment (Details)	6 Months Ended
	Jan. 31, 2021
Leasehold Improvements [Member]
Estimated useful life of leasehold improvement	21 months (over remaining lease term)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Foreign Currency Translation (Details)	Jan. 31, 2021	Jan. 31, 2020
Period-end MYR : US$1 Exchange Rate [Member]
Foreign currency exchange rate, translation	4.04	4.10
Period-average MYR : US$1 Exchange Rate [Member]
Foreign currency exchange rate, translation	4.10	4.16
Period-end HKD$ : US$1 Exchange Rate [Member]
Foreign currency exchange rate, translation	7.75	7.84
Period-average HKD$ : US$1 Exchange Rate [Member]
Foreign currency exchange rate, translation	7.75	7.82

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	Apr. 16, 2019	Jun. 18, 2019	May 10, 2019	Jul. 25, 2019	Jan. 31, 2021	Jul. 31, 2020	Apr. 01, 2019	Mar. 25, 2019	Nov. 06, 2018
Common stock, par value					$ 0.0001	$ 0.0001
Number of restricted common shares	25,100,000	2,067,500	2,000,000	2,750,000
Share price	$ 0.03	$ 0.20	$ 0.10	$ 0.40
Number of restricted common shares, value	$ 753,000	$ 413,500	$ 200,000	$ 1,100,000
Common stock, shares issued					331,917,500	331,917,500
Common stock, shares outstanding					331,917,500	331,917,500
Mr. Fong Teck Kheong [Member] | Restricted Common Shares [Member]
Number of shares subscribed for restricted common shares								119,900,000	100,000
Common stock, par value								$ 0.0001	$ 0.0001
Estimated working capital								$ 11,990
Others Founder [Member] | Restricted Common Shares [Member]
Number of shares subscribed for restricted common shares							180,000,000
Common stock, par value							$ 0.0001
Estimated working capital							$ 18,000

Property, Plant and Equipment_2

Property, Plant and Equipment (Details Narrative) - USD ($)	6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 32,647	$ 21,764

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($)	Jan. 31, 2021	Jul. 31, 2020
Property, Plant and Equipment [Abstract]
Leasehold improvement	$ 114,263	$ 114,263
Accumulated depreciation	(87,059)	(54,411)
Total	$ 27,204	$ 59,852

Prepayments and Deposits (Detai

Prepayments and Deposits (Details Narrative)	6 Months Ended
	Jan. 31, 2021shares
Prepayments And Deposits
Shares issued during the period subscription receivable	18,000

Prepayments and Deposits - Sche

Prepayments and Deposits - Schedule of Prepayments and Deposits (Details) - USD ($)	Jan. 31, 2021	Jul. 31, 2020
Prepayments And Deposits
Subscription receivable	$ 232,040	$ 232,040
Deposits	3,277	3,277
Prepayment	9,757	7,619
Total prepayments and deposits	$ 245,074	$ 242,936

Other Payables and Accrued Li_3

Other Payables and Accrued Liabilities - Schedule of Other Payables and Accrued Liabilities (Details) - USD ($)	Jan. 31, 2021	Jul. 31, 2020
Payables and Accruals [Abstract]
Accrued audit fees	$ 8,800	$ 12,500
Other payable and accrued liabilities	10,786	11,069
Share subscriptions received in advance	312,549	18,097
Total payables and accrued liabilities	$ 332,135	$ 41,666

Revenue - Schedule of Revenue (

Revenue - Schedule of Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Total Revenue		$ 23,077	$ 14,193	$ 38,383
Consultancy Service Provided [Member]
Total Revenue			$ 14,193	$ 38,383

Other Revenue - Schedule of Oth

Other Revenue - Schedule of Other Revenue (Details) - USD ($)	6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Other Revenue
Gain from foreign exchange arise from bank remittance transaction	$ 53,705	$ 11,199
Other Revenue	$ 53,705	$ 11,199

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	6 Months Ended
	Jan. 31, 2021USD ($)
Net operating loss carryforward	$ 397,215
Operating loss carryforward description	expire in 2038
Valuation allowance of deferred tax assets	$ 83,415
Parent Company [Member]
Income tax rate	3.00%
Phoenix Plus International Limited [Member]
Income tax rate	16.50%

Income Taxes - Schedule of Loca

Income Taxes - Schedule of Local and Foreign Components of Income (Loss) Before Income Tax (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Loss before income tax	$ (51,012)	$ (310,342)	$ (86,353)	$ (585,043)
Labuan [Member]
Loss before income tax			48,366	4,796
Hong Kong [Member]
Loss before income tax			(113,996)	(340,854)
Local [Member]
Loss before income tax			$ (20,723)	$ (248,985)

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision for Income Tax (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Income Tax Disclosure [Abstract]
Current, Local
Current, Foreign
Deferred, Local
Deferred, Foreign
Income tax expense

Lease Right-of-Use Asset and _3

Lease Right-of-Use Asset and Lease Liabilities (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended		18 Months Ended
	Jan. 31, 2021	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jul. 31, 2020	Aug. 02, 2019	Jul. 31, 2019
Leases [Abstract]
Lease liabilities, current	$ 7,996	$ 7,996		$ 7,996	$ 16,632	$ 26,823
Lease asset-right of use	6,813	6,813		6,813	$ 14,151	$ 26,823	$ 26,772
Lease liability discount rate						3.30%
Amortization of operating lease right of use asset	$ 3,749	7,338		$ 23,708
Lease expenses		$ 8,112	$ 7,208

Lease Right-of-Use Asset and _4

Lease Right-of-Use Asset and Lease Liabilities - Schedule of Initial Recognition of Operating Lease Right and Lease Liability (Details)	Aug. 02, 2019USD ($)
Leases [Abstract]
Gross lease payable	$ 27,632
Less: imputed interest	(860)
Initial recognition as of August 1, 2019	$ 26,772

Lease Right-of-Use Asset and _5

Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Right of Use Asset (Details) - USD ($)	3 Months Ended	6 Months Ended	18 Months Ended
	Jan. 31, 2021	Jan. 31, 2021	Jan. 31, 2021
Leases [Abstract]
Operating lease right of use asset, Beginning balance		$ 14,151	$ 26,772
Additional portion from 1 July 31, 2020 to 30 June 2021			2,719
Accumulated amortization	$ (3,749)	(7,338)	(23,708)
Foreign exchange translation gain			1,030
Operating lease right of use asset, Ending Balance	$ 6,813	$ 6,813	$ 6,813

Lease Right-of-Use Asset and _6

Lease Right-of-Use Asset and Lease Liabilities - Schedule of Operating Lease Liability (Details) - USD ($)	18 Months Ended
	Jan. 31, 2021	Jul. 31, 2020	Aug. 02, 2019
Leases [Abstract]
Operating lease liability, Beginning balance	$ 26,772
Add: additional portion (increase of leasing fee)	2,719
Less: gross repayment	(23,008)
Add: imputed interest	976
Foreign exchange translation loss	537
Operating lease liability, Ending balance	7,996
Less: lease liability current portion	(7,996)	$ (16,632)	$ (26,823)
Lease liability non-current portion

Lease Right-of-Use Asset and _7

Lease Right-of-Use Asset and Lease Liabilities - Schedule of Maturities of Operating Lease Obligation (Details)	Jan. 31, 2021USD ($)
Leases [Abstract]
July 31, 2021 (5 months)	$ 7,996
Total	$ 7,996

Lease Right-of-Use Asset and _8

Lease Right-of-Use Asset and Lease Liabilities - Schedule of Other Information (Details) - USD ($)	6 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jun. 30, 2020
Leases [Abstract]
Operating cash flow from operating lease	$ 8,636	$ 6,077
Right-of-use assets obtained in exchange for operating lease liabilities	$ 6,813	$ 19,946
Remaining lease term for operating lease (years)	5 months 1 day		1 year 5 months 1 day
Weighted average discount rate for operating lease	3.30%		3.30%