SUBSEQUENT EVENTS	6 Months Ended
Feb. 28, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 17 – SUBSEQUENT EVENTS In accordance with ASC 855-10, the Company has analyzed its operations subsequent to February 28, 2021 to the date these financial statements were issued. Covid-19 impact: In December 2019, a novel strain of coronavirus (COVID-19) surfaced. The spread of COVID-19 around the world in the first quarter of 2020 has caused significant volatility in the U.S. and international markets. The ultimate disruption which may be caused by the outbreak is uncertain; however, it may result in a material adverse impact on the Company’s financial position, operations and cash flows. It is too early to quantify the impact this situation will have on company revenue and profits at this time. Possible areas that may be affected include, but are not limited to, disruption to the Company’s customers and revenue, labor workforce, unavailability of supplies used in operations, etc. Accordingly, Management is evaluating the Company’s liquidity position, reduction in revenues, and reviewing the analysis of the Company’s financial performance as the Company seeks to withstand the uncertainty related to the coronavirus. As no large-crowd gathering has been allowed since the outbreak of COVID-19, the Company has not generated any revenue from the Ai Bian Quan Qiu performance matching platform. Consequently, the Company has decided to impair all of the intangible asset carrying value related to the Ai Bian Quan Qiu performance matching platform and its Wechat official account, given that it is uncertain whether this platform will continue generating any revenue. Prepayments for convertible notes: On March 1, 2021, the Company prepaid a convertible promissory note dated September 1, 2020 (the “Note”) held by FirstFire Global Opportunities Fund, LLC with the principal amount of $75,000. The Company prepaid $108,125.00 on the Note, which accounts for all the principal and accrued but unpaid interest. On March 1, 2021, we prepaid a convertible promissory note dated September 1, 2020 (the “Note”) held by Jefferson Street Capital LLC with the principal amount of $82,500. We prepaid $116,974.69 on the Note, which accounts for all the principal and accrued but unpaid interest. On April 7, 2021, the Company prepaid a convertible promissory note dated October 9, 2020 (the “Note”) held by East Capital Investment Corporation in the principal amount of $62,700. The Company prepaid $87,467 on the Note, which accounts for all the principal and accrued but unpaid interest. On April 7, 2021, the Company prepaid a convertible promissory note dated October 8, 2020 (the “Note”) held by Power Up Lending Group Ltd. in the principal amount of $55,000. The Company prepaid $ 80,797 on the Note, which accounts for all the principal and accrued but unpaid interest. Issue of Series D Preferred Stock: On March 10, 2021, the Company entered a Securities Purchase Agreement (the “Securities Purchase Agreement”) with GHS Investments, LLC (“GHS”), whereby GHS agreed to purchase, in tranches, up to $5,000,000 of the Company’s Series D Preferred Stock in exchange for 5,000 shares of Series D Preferred Stock. The first tranche, promptly upon execution of the Securities Purchase Agreement, was for the purchase of 250 shares of Series D Preferred Stock for $250,000. The remaining tranches (each consisting of the sale of 500 shares of Series D Preferred Stock for $500,000 shall occur so long as the Equity Conditions are met as defined in the Securities Purchase Agreement. The Company issued to GHS commitment shares of 75 shares of Series D Preferred Stock. New office in Singapore: On April 13, 2021, the Company announced operation in Singapore. The office is located at 24 Raffles Place, Level 28, Clifford Centre, Singapore 048621. The Singapore office will be utilized to promote the video streaming of www.ABQQ.tv in the international market.

SUBSEQUENT EVENTS

6 Months Ended

Feb. 28, 2021

NOTE 17 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to February 28, 2021 to the date these financial statements were issued.

Covid-19 impact:

In December 2019, a novel strain of coronavirus (COVID-19) surfaced. The spread of COVID-19 around the world in the first quarter of 2020 has caused significant volatility in the U.S. and international markets. The ultimate disruption which may be caused by the outbreak is uncertain; however, it may result in a material adverse impact on the Company’s financial position, operations and cash flows. It is too early to quantify the impact this situation will have on company revenue and profits at this time. Possible areas that may be affected include, but are not limited to, disruption to the Company’s customers and revenue, labor workforce, unavailability of supplies used in operations, etc. Accordingly, Management is evaluating the Company’s liquidity position, reduction in revenues, and reviewing the analysis of the Company’s financial performance as the Company seeks to withstand the uncertainty related to the coronavirus. As no large-crowd gathering has been allowed since the outbreak of COVID-19, the Company has not generated any revenue from the Ai Bian Quan Qiu performance matching platform. Consequently, the Company has decided to impair all of the intangible asset carrying value related to the Ai Bian Quan Qiu performance matching platform and its Wechat official account, given that it is uncertain whether this platform will continue generating any revenue.

Prepayments for convertible notes:

On March 1, 2021, the Company prepaid a convertible promissory note dated September 1, 2020 (the “Note”) held by FirstFire Global Opportunities Fund, LLC with the principal amount of $75,000. The Company prepaid $108,125.00 on the Note, which accounts for all the principal and accrued but unpaid interest.

On March 1, 2021, we prepaid a convertible promissory note dated September 1, 2020 (the “Note”) held by Jefferson Street Capital LLC with the principal amount of $82,500. We prepaid $116,974.69 on the Note, which accounts for all the principal and accrued but unpaid interest.

On April 7, 2021, the Company prepaid a convertible promissory note dated October 9, 2020 (the “Note”) held by East Capital Investment Corporation in the principal amount of $62,700. The Company prepaid $87,467 on the Note, which accounts for all the principal and accrued but unpaid interest.

On April 7, 2021, the Company prepaid a convertible promissory note dated October 8, 2020 (the “Note”) held by Power Up Lending Group Ltd. in the principal amount of $55,000. The Company prepaid $ 80,797 on the Note, which accounts for all the principal and accrued but unpaid interest.

Issue of Series D Preferred Stock:

On March 10, 2021, the Company entered a Securities Purchase Agreement (the “Securities Purchase Agreement”) with GHS Investments, LLC (“GHS”), whereby GHS agreed to purchase, in tranches, up to $5,000,000 of the Company’s Series D Preferred Stock in exchange for 5,000 shares of Series D Preferred Stock. The first tranche, promptly upon execution of the Securities Purchase Agreement, was for the purchase of 250 shares of Series D Preferred Stock for $250,000. The remaining tranches (each consisting of the sale of 500 shares of Series D Preferred Stock for $500,000 shall occur so long as the Equity Conditions are met as defined in the Securities Purchase Agreement. The Company issued to GHS commitment shares of 75 shares of Series D Preferred Stock.

New office in Singapore:

On April 13, 2021, the Company announced operation in Singapore. The office is located at 24 Raffles Place, Level 28, Clifford Centre, Singapore 048621. The Singapore office will be utilized to promote the video streaming of www.ABQQ.tv in the international market.