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Condensed Statements of Cash Flows - USD ($)
9 Months Ended
May 31, 2019
May 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (599,444) $ (624,020)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Executive salaries and consulting fees paid in stock 305,584 237,000
Amortization of intangible asset 89,904 89,312
Loss/(gain) on sales of intangible assets 120,000 (7,280)
Changes in operating assets and liabilities:    
Accounts receivable (25,700) 14,720
Related party receivable (44,834)
Prepaid expenses   15,000
Rent security deposit (14,541)
Accounts payable and accrued liabilities 95,080 (118,653)
Accrued payroll (86,536) (2,500)
Net cash used in operating activities (615,849) (396,421)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of Investment (280,000)
Purchases of intangible asset (200,000)
Sales of intangible asset 80,000 253,000
Renovation of an office and an offline display store (58,688)
Acquisition of intangible asset (99,584)
Net cash provided by investing activities (78,272) (227,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Loans from previous shareholder
Proceeds from common stock issuances 900,000 1,156,500
Due to shareholder 74
Net cash provided by financing activities 900,000 1,156,574
Net increase (decrease) in cash and cash equivalents 205,879 533,153
Cash and cash equivalents - beginning of the quarter 210,202 147,164
Cash and cash equivalents - end of the quarter 416,081 680,317
Supplemental Cash Flow Disclosures    
Cash paid for interest
Cash paid for income taxes
Common shares returned for cancelled acquisition of iCrowdU (10,000)
Prepaid expense reversed for cancelled acquisition of iCrowdU $ 10,000
Issuance of common stock for services $ 305,584 $ 237,000
Issuance of common stock for acquisition of Intangible asset 72,000
Common shares issued for acquisition of investment 2,000