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PREPAID EXPENSES
3 Months Ended
Nov. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
PREPAID EXPENSES

NOTE 4 – PREPAID EXPENSES

 

On June 1, 2018, the Company entered into an agreement with an outside phone apps designer. A smartphone apps was designed and its ownership belongs to the Company. Its main use is smartphone video synthesis and sharing. The first payment paid to designer was $307,200. As of November 30, 2018, the app was under development.

 

On September 5, 2018, the Company acquired a movie copy right from Aura Blocks Limited. The first payment was $153,600, which was one fifth of the total purchase price.

 

Prepaid expense as of November 30, 2018 includes $307,200 payment to the designer to develop phone apps, $153,600 payment to acquire the movie copy right, and $14,167 prepaid consulting fees net of amortization.