INTANGIBLE ASSETS

9 Months Ended

May 31, 2018

Finite-Lived Intangible Assets, Net [Abstract]

INTANGIBLE ASSETS

NOTE 4 – INTANGIBLE ASSETS

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

	May 31,			August 31,
	2018			2017
Mobile app	$	-		$	100,000
Patent		500,000			500,000
Intellectual property: Aura		200,000			-
Intellectual property: Kryptokiosk		72,000			-
Copyright		-			138,240
		772,000			738,240
Accumulated amortization		(102,400	)		(55,528	)
Intangible asset, net	$	669,600		$	682,712

Amortization expenses for nine months ended May 31, 2018, and 2017, was $89,312 and $15,000, respectively.

During the nine months ended May 31, 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 nine months ended May 31, 2018.

On March 10, 2018, the Company acquired intellectual property from Aura Blocks Ltd. for $200,000.

On March 21, 2018, the Company acquired all the intangible assets held by KryptoKiosk Limited, a Hong Kong company (“Krypto”). In consideration for the acquisition of the shares the Company paid the seller 2,400,000 shares, at market value of $72,000.