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Consolidated Balance Sheets - USD ($)
Aug. 31, 2019
Aug. 31, 2018
Current Assets    
Cash and cash equivalents $ 1,564,750 $ 210,202
Prepaid expenses 21,970 333,867
Accounts receivable 35,300 9,600
Related party receivable 34,994
Note receivable 1,047,040
Interest receivable 8,725
Receivable on asset disposal 1,280,000
Total Current Assets 3,992,779 553,669
Fixed assets, net 20,124
Leasehold improvement, net 134,523
Intangible assets, net 413,793 641,000
Other assets 15,027
TOTAL ASSETS 4,576,246 1,194,669
Current Liabilities    
Accounts payable and accrued liabilities 116,664 88,577
Due to shareholder 2,037 2,037
Tax payable 64,564 55,347
Other payable 161,856
Total Current Liabilities 345,122 145,961
Common stock, $0.001 par value, 1,000,000,000 shares authorized; 4,822,016 and 147,325,000 shares issued and outstanding, as of August 31, 2019 and August 31, 2018, respectively 4,822 147,325
Additional paid-in capital 6,520,980 2,866,868
Retained earnings (deficit) (1,452,020) (1,047,386)
Unearned shareholders' compensation 842,657 918,100
Total Stockholders’ Equity 4,231,125 1,048,707
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,576,246 $ 1,194,669