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COMMON STOCK AND PREFERRED STOCK
12 Months Ended
Aug. 31, 2025
Stockholders' Equity Note [Abstract]  
COMMON STOCK AND PREFERRED STOCK

NOTE 9 COMMON STOCK AND PREFERRED STOCK

 

Preferred Stock- Series 1 and 2

 

The designation of the Preferred Stock- Series 1 is as follows: Authorized 2,000,000 shares, par value of $0.001. One share of the Company’s Preferred Stock- Series is convertible into 53.04 shares of the Company’s common stock, at the holder’s option and with the Company’s acquiescence, and has three votes per share.

 

The designation of the Preferred Stock- Series 2 is as follows: Authorized 2,000,000 shares, par value of $0.001. One share of the Company’s Preferred Stock- Series is convertible into one share of the Company’s common stock, at the holder’s option and with the Company’s acquiescence, and has no voting rights.

 

Common Stock

 

The Authorized Shares increased to 2,000,000,000 in April 4, 2016.

 

The Company successfully reached an agreement with a holder of convertible notes in consideration of 100,000,000 shares of the Company’s common stock during February 2025. The valuation of the consideration issued is $280,000. The Company has issued 40,000,000 shares and there are 60,000,000 shares issuable in the near future pursuant to this agreement. The value of all shares issued and issuable are reflected in the Company’s common stock and additional paid-in capital as of the agreement date in February 2025.