NOTE 11 – CONCENTRATION RISK	6 Months Ended
Feb. 28, 2023
Risks and Uncertainties [Abstract]
NOTE 11 – CONCENTRATION RISK	NOTE 11 – CONCENTRATION RISK *Concentration* For the six months ended February 28, 2023 and 2022, 67% and 100% of the total revenue was generated from one customer, respectively. As of February 28, 2023, 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 February 28, 2023 and August 31, 2022, cash balance of $139,804 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 February 28, 2023 and August 31, 2022, cash balance of $26,080 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 11 – CONCENTRATION RISK

6 Months Ended

Feb. 28, 2023

NOTE 11 – CONCENTRATION RISK

Concentration

For the six months ended February 28, 2023 and 2022, 67% and 100% of the total revenue was generated from one customer, respectively.

As of February 28, 2023, 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 February 28, 2023 and August 31, 2022, cash balance of $139,804 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 February 28, 2023 and August 31, 2022, cash balance of $26,080 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.