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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended 12 Months Ended
May 31, 2020
May 31, 2019
Aug. 31, 2019
Aug. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss from continuing operations $ (731,205) $ (599,444) $ (404,635) $ (1,157,238)
Net income from discontinued operations, net of tax benefit     45,288
Adjustments to reconcile net income (loss) to net cash from operating activities:        
Executive salaries and consulting fees paid in stock 127,435 305,584 197,052 196,250
Depreciation of tangible asset 39,325 13,079
Amortization of intangible asset 88,731 89,904 126,791 106,000
Impairment of intangible asset 111,115    
Loss/(gain) on sales of intangible assets 120,000 120,000 (7,280)
Gain /Loss from change in fair value of derivatives 54,316    
Interest expense 193,591    
Impairment of investment in iCrowdU     280,000
Changes in operating assets and liabilities:        
Accounts receivable (76,800) (25,700) (25,700) (59,520)
Receivable on asset disposal 1,280,000 (1,280,000)
Interest receivable (26,240) (8,725)
Related party receivable (52,588) (44,834) (34,994)
Prepaid expenses 231 (455,362) 301,897 (288,032)
Rent security & electricity deposit (14,541) (15,027)
Long-term prepayment (1,011,200)    
Accounts payable and accrued liabilities (49,945) 95,080 140,223 (80,087)
Accrued payroll (86,536) (112,136) (2,500)
Tax payable (7,814) 9,217
Due to shareholder 826    
Other payable (157,824) 161,856
Change in assets (liabilities) from discontinued operations     100,232
Net cash used in operating activities (218,045) (615,849) (811,101) (866,887)
CASH FLOWS FROM INVESTING ACTIVITIES        
Sales of intangible asset 80,000 80,000 253,000
Note receivable     (1,047,040)
Investment in iCrowdU     (280,000)
Renovation of an office and an offline display store 58,688 (167,726)
Development of intangible asset 99,584 99,584 200,000
Net cash used in / (provided by) investing activities (78,272) (1,234,350) (227,000)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from shareholder     424
Proceeds from issuance of convertible notes and warrants 344,352    
Proceeds from common stock issuances 900,000 3,400,000 1,156,500
Net cash provided by financing activities 344,352 900,000 3,400,000 1,156,924
Net increase (decrease) in cash and cash equivalents 126,307 205,879 1,354,549 63,037
Cash and cash equivalents - beginning of the year 1,564,750 210,202 210,202 147,164
Cash and cash equivalents - end of the year 1,691,057 416,081 1,564,750 210,202
Supplemental Cash Flow Disclosures        
Cash paid for interest
Cash paid for income taxes
Common shares returned for cancelled acquisition of iCrowdU (10,000) (10,000)
Prepaid expense reversed for cancelled acquisition of iCrowdU $ 10,000 $ 10,000
Issuance of warrants in conjunction with convertible notes $ 156,985    
Common shares issued for acquisition of investment     10,000
Issuance of common stock for services 305,584    
Issuance of common stock for acquisition of intangible asset     72,000
Stock reverse split (50:1)