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Condensed Statements of Cash Flows - USD ($)
3 Months Ended
Nov. 30, 2019
Nov. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss from continuing operations $ (63,354) $ (228,554)
Net income from discontinued operations, net of tax benefit
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Executive salaries and consulting fees paid in stock 42,623 37,500
Depreciation of tangible asset 13,158
Amortization of intangible asset 36,899 28,600
Loss/(gain) on sales of intangible assets 120,000
Impairment of investment in iCrowdU
Changes in operating assets and liabilities:    
Accounts receivable (25,600) (100)
Receivable on asset disposal 1,280,000
Interest receivable (26,240)
Related party receivable 12,878
Prepaid expenses 9,196 (151,100)
Rent security & electricity deposit
Long-term prepayment (428,800)
Accounts payable and accrued liabilities (11,582) (5,846)
Accrued payroll 86,831
Convertible note and embedded derivative liability
Tax payable 1,486
Other payable (157,824)
Change in assets (liabilities) from discontinued operations  
Net cash used in operating activities 769,671 (199,500)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sales of intangible asset 80,000
Note receivable (1,049,600)
Investment in iCrowdU
Renovation of an office and an offline display store
Development of intangible asset
Net cash used in / (provided by) investing activities (1,049,600) 80,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from shareholder
Proceeds from common stock issuances
Net cash provided by financing activities
Net increase (decrease) in cash and cash equivalents (279,929) (199,500)
Cash and cash equivalents - beginning of the quarter 1,564,750 210,202
Cash and cash equivalents - end of the quarter 1,284,821 90,702
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