INTANGIBLE ASSETS

6 Months Ended

Feb. 29, 2020

Intangible Assets, Net (Including Goodwill) [Abstract]

INTANGIBLE ASSETS

As of February 29, 2020 and August 31, 2019, the balance of intangible assets are as follows;

	February 29,			August 31,
	2020			2019
Patent	$	500,000		$	500,000
Intellectual property: Kryptokiosk		—			72,000
Ai Bian Quan Qiu platform		19,917			99,584
Total cost		519,917			671,584
Accumulated amortization		(279,138	)		(257,791)
Intangible asset, net	$	240,779		$	413,793

Amortization expenses for six months ended February 29, 2020 and 2019 was $61,899 and $57,200 respectively.