INTANGIBLE ASSETS

9 Months Ended

May 31, 2020

Intangible Assets, Net (Including Goodwill) [Abstract]

INTANGIBLE ASSETS

NOTE 6 – INTANGIBLE ASSETS

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

	May 31,			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		(305,970	)		(257,791)
Intangible asset,net	$	213,947		$	413,793

Amortization expenses for nine months ended May 31, 2020 and 2019 was $88,731and $89,904, respectively.