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NOTE 15 – SUBSEQUENT EVENTS
6 Months Ended
Feb. 28, 2022
Subsequent Events [Abstract]  
NOTE 15 – SUBSEQUENT EVENTS

NOTE 15 – SUBSEQUENT EVENTS  

 

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to February 28, 2022 to the date these financial statements were issued.

 

On March 1, 2022, the Company acquired 5 movies copyright at a price of $1,500,000 from All In One Media Limited. The Company acquired 15 parts sitcom web series copyright at a price of $190,000 from All In One Media Limited.

 

On March 2, 2022, the Company acquired 25 parts web drama series copyright at a price of $525,000 from Anyone Pictures Ltd.

 

On April 27, 2022, the Company acquired NFT MMM from Stareastnet Portal Ltd, at a price of $280,000. The Company hold STAREASTnet NFT Movies and Music Marketplace (NFT MMM), a decentralized application based on the NFT (Non-Fungible Token) for a movie and music marketplace with the option to buy physical, digital download or both, in one place. The digital copyrights of movies and music are generalized through NFTs, whose smart contracts facilitate the verifications of digital copyrights saved on the blockchain.

 

On May 3, 2022, the Company sold the mainland China copyright and broadcast right of the movie “Lushang” to a third party at a price of $128,000.

 

Subsequent cash receipt for Put share issuance:

 

On March 3, 2022, the Company received $19,560 for the issuance of 2,300,000 shares. On March 19, 2022, the Company received $73,579 for the issuance of 96,075 shares of Series C Convertible Preferred Stock. 

 

Issuance of Common Stock:

 

On March 10, 2022, the Company issued 5,638,298 shares for the conversion of Series C preferred stock.

 

On March 11, 2022, the Company issued 3,639,345 shares for the conversion of Series D preferred stock.

 

On March 15, 2022, the Company issued 2,819,149 shares for the conversion of Series C preferred stock.

 

On March 16, 2022, the Company issued 2,329,670 shares for the conversion of Series C preferred stock.

 

On March 21, 2022, the Company issued 4,764,045 shares for the conversion of Series C preferred stock.

 

On March 24, 2022, the Company issued 6,235,294 shares for the conversion of Series C preferred stock.

 

On March 30, 2022, the Company issued 4,416,667 shares for the conversion of Series C preferred stock.

 

On April 7, 2022, the Company issued 2,841,389 shares for the conversion of Series C preferred stock.