NOTE RECEIVABLE	12 Months Ended
Aug. 31, 2020
Receivables [Abstract]
NOTE RECEIVABLE	NOTE 4 – NOTE RECEIVABLE Note receivable relates to two loan agreements entered with All In One Media, previously named as Aura Blocks Limited, in August and September of 2019, respectively. The note receivable entered in August, 2019 is a one-year loan of $1,047,040 the Company lends to All In One Media Ltd at an annual interest rate of 10%. The loan principal is due on July 31, 2020. The note receivable entered in September, 2019 is to lend $1,049,600 at an annual interest rate of 10% to All In One Media Ltd with a term from September 4, 2019 to March 3, 2020. On May 4th, 2020, All In One Media paid off the loan principal of $1,049,600 with 5 months’ interest of $43,717. The Company has received 2 months’ extra interest income due to the delay in payment from All In One Media Ltd. On July 31, 2020, All In One Media paid off the loan principal of $1,047,040. As of August 31, 2020, and August 31, 2019, the Note receivable balance was $0 and $1,047,040, respectively and the interest receivable balance was $26,240 and $8,725, respectively. For the year ended August 31, 2020, the Company has generated an interest income of $166,000 from these two note receivables. On July 31, 2020, All In One Media paid off the loan principal of $1,047,040 with 3 months interest of $26,240 as interest receivable outstanding as of August 31, 2020. Refer to subsequent event disclosures in Note 17.

NOTE RECEIVABLE

12 Months Ended

Aug. 31, 2020

NOTE 4 – NOTE RECEIVABLE

Note receivable relates to two loan agreements entered with All In One Media, previously named as Aura Blocks Limited, in August and September of 2019, respectively. The note receivable entered in August, 2019 is a one-year loan of $1,047,040 the Company lends to All In One Media Ltd at an annual interest rate of 10%. The loan principal is due on July 31, 2020. The note receivable entered in September, 2019 is to lend $1,049,600 at an annual interest rate of 10% to All In One Media Ltd with a term from September 4, 2019 to March 3, 2020.

On May 4th, 2020, All In One Media paid off the loan principal of $1,049,600 with 5 months’ interest of $43,717. The Company has received 2 months’ extra interest income due to the delay in payment from All In One Media Ltd. On July 31, 2020, All In One Media paid off the loan principal of $1,047,040. As of August 31, 2020, and August 31, 2019, the Note receivable balance was $0 and $1,047,040, respectively and the interest receivable balance was $26,240 and $8,725, respectively. For the year ended August 31, 2020, the Company has generated an interest income of $166,000 from these two note receivables.

On July 31, 2020, All In One Media paid off the loan principal of $1,047,040 with 3 months interest of $26,240 as interest receivable outstanding as of August 31, 2020. Refer to subsequent event disclosures in Note 17.