v3.20.4

Condensed Consolidated Balance Sheets - USD ($)	Apr. 30, 2020	Jul. 31, 2019
Current Assets
Cash and cash equivalents	$ 11,269,840	$ 14,916,556
Accounts receivable, net	593,979	89,056
Accounts receivable, net - related party	40,000	205,210
Prepaid expense and other current assets	1,542,196	3,747,648
Inventories	889,527	162,985
Total Current Assets	14,335,542	19,121,455
Operating lease right-of-use assets	182,248
Property and equipment	4,309,445	4,421,252
Intangible asset - goodwill	11,718	11,718
TOTAL ASSETS	18,838,953	23,554,425
Current Liabilities
Accounts payable and accrued liabilities	5,732,741	4,221,413
Due to related parties	20,686	1,083
Notes due to related parties		24,126
Deferred revenue	5,629,520	4,741,945
Income tax payable		52,641
Operating lease liabilities - current portion	161,269
Total Current Liabilities	11,544,216	9,041,208
Operating lease liabilities	20,979
Deferred tax liabilities	8,344	8,574
Total Liabilities	11,573,539	9,049,782
Stockholders' Equity
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; none issued and outstanding
Common stock, $0.0001 par value, 1,000,000,000 shares authorized; 91,011,633 and 90,762,893 shares issued and outstanding as of April 30, 2020 and July 31, 2019, respectively	9,101	9,076
Common stock subscribed; 30,000,000 common shares, $0.0001 par value	0	(3,000)
Additional paid-in capital	42,242,668	38,993,002
Accumulated deficit	(35,002,026)	(24,622,041)
Accumulated other comprehensive loss	(11,142)	69,238
Total Stockholders' equity of Toga Ltd,	7,238,601	14,446,275
Non-controlling interest	26,813	58,368
Total Stockholders' Equity	7,265,414	14,504,643
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 18,838,953	$ 23,554,425

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Toga Ltd 10-Q/A