NOTE 13 – SEGMENT INFORMATION

6 Months Ended

Feb. 28, 2023

Segment Reporting [Abstract]

NOTE 13 – SEGMENT INFORMATION

NOTE 13 – SEGMENT INFORMATION

The Company reports information about operating segments in accordance with ASC 280-10, Segment Reporting, which requires financial information to be reported based on the way management organizes segments within a company for making operating decisions and evaluating performance. As the result of business strategic changes, the Company has identified two reportable segments: Copyrights and license (“IP’) segment and cinema segment.

The following table presents summary information by segment for the six months ended February 28, 2023 and 2022, respectively.

	IP Segment				Cinema Segment				Total
	Six months ended				Six months ended				Six months ended
	February 28				February 28				February 28
	2023		2022		2023		2022		2023		2022
Revenue	$	357,286	$	1,800,000	$	177,965	$	—	$	535,251	$	1,800,000
Cost of revenue		1,779,243		1,373,134		78,708		—		1,857,951		1,373,134
Gross income (loss)		(1,421,957)		426,866		99,257		—		(1,322,700)		426,866
Interest income		158		—		—		—		158		—
Depreciation		2,224		26,600		—		—		2,224		26,600
Capital expenditure		—		—		—		—		—		—
Segment assets		4,161,840		7,244,749		25,619		—		4,187,459		7,244,749
Segment income (loss)	$	(2,340,126)	$	(602,944)	$	61,797	$	—	$	(2,278,329)	$	(602,944)

The following table presents summary information by segment for the three months ended February 28, 2023 and 2022, respectively.

	IP Segment				Cinema Segment				Total
	Three months ended				Three months ended				Three months ended
	February 28				February 28				February 28
	2023		2022		2023		2022		2023		2022
Revenue	$	177,286	$	1,800,000	$	121,153	$	—	$	298,439	$	1,800,000
Cost of revenue		855,744		686,567		56,304		—		912,048		686,567
Gross income (loss)		(678,458)		1,113,433		64,849		—		(613,609)		1,113,433
Interest income		79		—		—		—		79		—
Depreciation		1,108		13,300		—		—		1,108		13,300
Capital expenditure		—		—		—		—		—		—
Segment assets		4,161,840		7,244,749		25,619		—		4,187,459		7,244,749
Segment income (loss)	$	(1,165,354)	$	449,101	$	96,815	$	—	$	(1,068,539)	$	449,101