NOTE 12 – CONCENTRATION RISK	3 Months Ended
Nov. 30, 2022
Risks and Uncertainties [Abstract]
NOTE 12 – CONCENTRATION RISK	NOTE 12 – CONCENTRATION RISK *Concentration* For the three months ended November 30, 2022, 76% of the total revenue was generated from one customer. No revenue was generated for the three months ended November 30, 2021. As of November 30, 2022, one customer accounted for 100% of the Company’s accounts receivable balance. There was no accounts receivable balance as of August 31, 2022. *Credit risk* Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. The Hong Kong Deposit Protection Board pays compensation up to a limit of HKD 500,000 (approximately $64,000) if the bank with which an individual/a company hold its eligible deposit fails. As of November 30, 2022 and August 31, 2022, cash balance of $1,615 and $70,602, respectively, were maintained at financial institutions in Hong Kong, and were subject to credit risk. In the US, the insurance coverage of each bank is $250,000. As of November 30, 2022 and August 31, 2022, cash balance of $17,977 and $13,621, respectively, were maintained at financial institutions in the US, and were subject to credit risk. While management believes that these financial institutions are of high credit quality, it also continually monitors their creditworthiness.

NOTE 12 – CONCENTRATION RISK

3 Months Ended

Nov. 30, 2022

NOTE 12 – CONCENTRATION RISK

Concentration

For the three months ended November 30, 2022, 76% of the total revenue was generated from one customer. No revenue was generated for the three months ended November 30, 2021.

As of November 30, 2022, one customer accounted for 100% of the Company’s accounts receivable balance. There was no accounts receivable balance as of August 31, 2022.

Credit risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. The Hong Kong Deposit Protection Board pays compensation up to a limit of HKD 500,000 (approximately $64,000) if the bank with which an individual/a company hold its eligible deposit fails. As of November 30, 2022 and August 31, 2022, cash balance of $1,615 and $70,602, respectively, were maintained at financial institutions in Hong Kong, and were subject to credit risk. In the US, the insurance coverage of each bank is $250,000. As of November 30, 2022 and August 31, 2022, cash balance of $17,977 and $13,621, respectively, were maintained at financial institutions in the US, and were subject to credit risk. While management believes that these financial institutions are of high credit quality, it also continually monitors their creditworthiness.