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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Feb. 29, 2020
Feb. 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss from continuing operations $ (415,331) $ (378,725)
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 85,102 143,334
Depreciation of fixed asset 26,204
Amortization of intangible asset 61,899 57,200
Impairment of intangible asset 111,115
Loss/(gain) on sales of intangible assets 120,000
Amortization of Note discount and Note issuance costs 8,579
Gain /Loss from change in fair value 50,326
Interest expense 139,220
Changes in operating assets and liabilities:    
Accounts receivable (76,800) (27,107)
Receivable on asset disposal 1,280,000
Interest receivable (52,416)
Related party receivable (52,588)
Prepaid expenses (30,776) (354,486)
Rent security & electricity deposit (3,533)
Long-term prepayment (992,000)
Accounts payable and accrued liabilities (23,614) (4,844)
Tax payable (7,814)
Other payable (157,824)
Change in assets (liabilities) from discontinued operations  
Net cash used in operating activities (46,718) (448,161)
CASH FLOWS FROM INVESTING ACTIVITIES    
Sales of intangible asset 80,000
Note receivable (1,049,600)
Net cash used in / (provided by) investing activities (1,049,600) 80,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible notes and warrants 311,360
Proceeds from common stock issuances 360,000
Net cash provided by financing activities 311,360 360,000
Net increase (decrease) in cash and cash equivalents (784,958) (8,161)
Cash and cash equivalents - beginning of the quarter 1,564,750 210,202
Cash and cash equivalents - end of the quarter 779,792 202,041
Supplemental Cash Flow Disclosures    
Cash paid for interest
Cash paid for income taxes
Non-Cash Activities:    
Issuance of warrants in conjunction with convertible notes 133,023
Loss on warrant issuance (31,540)
Gain /Loss from change in fair value $ 50,326
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 143,334