INTANGIBLE ASSETS

6 Months Ended

Feb. 28, 2018

Finite-Lived Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS

NOTE 4 – INTANGIBLE ASSETS

As of February 28, 2018, and August 31, 2017, the balance of intangible assets are as follows;

	February, 28			August 31,
	2018			2017
Mobile app	$	-		$	100,000
Patent		500,000			500,000
Copyright		-			138,240
		500,000			738,240
Accumulated amortization		(75,000	)		(55,528	)
Intangible asset, net	$	425,000		$	682,712

Amortization expenses for six months ended February 28, 2018, and 2017, was $61,912 and $10,000, respectively.

During the three months ended February 28, 2018, the Company sold the copyright and all other rights and the mobile application (Amoney) assets to an unrelated party for $253,000. The Company recorded gain on sales of assets of $57,200 as discontinued operations during the three months ended February 28, 2018.