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Condensed Consolidated Balance Sheets - USD ($)
May 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Current Assets      
Cash and cash equivalents $ 1,691,057 $ 1,564,750 $ 210,202
Prepaid expenses 21,739 21,970 333,867
Accounts receivable 112,100 35,300 9,600
Related party receivable 87,581 34,994
Note receivable 1,047,040 1,047,040
Interest receivable 34,965 8,725
Receivable on asset disposal 1,280,000
Total Current Assets 2,994,482 3,992,779 553,669
Fixed assets, net 17,337 20,124
Leasehold improvement, net 97,537 134,523
Intangible assets, net 213,947 413,793 641,000
Long-term prepayment 1,011,200    
Other assets 15,027 15,027
TOTAL ASSETS 4,349,530 4,576,246 1,194,669
Current Liabilities      
Accounts payable and accrued liabilities 66,720 116,664 88,577
Convertible note and derivative liability 435,273    
Due to shareholder 2,863 2,037 2,037
Tax payable 56,750 64,564 55,347
Other payable 3,584 161,856
Total Current Liabilities 565,190 345,122 145,961
Stockholders’ Equity      
Common stock, $0.001 par value, 1,000,000,000 shares authorized; 4,822,016 and 147,325,000 shares issued and outstanding, as of August 31, 2019 and August 31, 2018, respectively 4,822 4,822 147,325
Additional paid-in capital 6,677,965 6,520,980 2,866,868
Retained earnings (deficit) (2,183,225) (1,452,020) (1,047,386)
Unearned shareholders' compensation 715,222 842,657 918,100
Total Stockholders’ Equity 3,784,340 4,231,125 1,048,707
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,349,530 $ 4,576,246 $ 1,194,669