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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss from continuing operations $ (404,635) $ (1,157,238)
Net income from discontinued operations, net of tax benefit 45,288
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Executive salaries and consulting fees paid in stock 197,052 196,250
Depreciation of tangible asset 13,079
Amortization of intangible asset 126,791 106,000
Loss/(gain) on sales of intangible assets 120,000 (7,280)
Impairment of investment in iCrowdU 280,000
Changes in operating assets and liabilities:    
Accounts receivable (25,700) (59,520)
Receivable on asset disposal (1,280,000)
Interest receivable (8,725)
Related party receivable (34,994)
Prepaid expenses 301,897 (288,032)
Rent security & electricity deposit (15,027)
Accounts payable and accrued liabilities 140,223 (80,087)
Accrued payroll (112,136) (2,500)
Tax payable 9,217
Other payable 161,856
Change in assets (liabilities) from discontinued operations 100,232
Net cash used in operating activities (811,101) (866,887)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sales of intangible asset 80,000 253,000
Note receivable (1,047,040)
Investment in iCrowdU (280,000)
Renovation of an office and an offline display store (167,726)
Development of intangible asset 99,584 200,000
Net cash used in / (provided by) investing activities (1,234,350) (227,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from shareholder 424
Proceeds from common stock issuances 3,400,000 1,156,500
Net cash provided by financing activities 3,400,000 1,156,924
Net increase (decrease) in cash and cash equivalents 1,354,549 63,037
Cash and cash equivalents - beginning of the year 210,202 147,164
Cash and cash equivalents - end of the year 1,564,750 210,202
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
Common shares issued for acquisition of investment 10,000
Issuance of common stock for acquisition of intangible asset 72,000
Stock reverse split (50:1)