NOTE 11 – CONCENTRATION RISK	9 Months Ended
May 31, 2023
Risks and Uncertainties [Abstract]
NOTE 11 – CONCENTRATION RISK	NOTE 11 – CONCENTRATION RISK *Concentration* For the nine months ended May 31, 2023, 49% and 23% of the total revenue were generated from two customers, respectively. For the nine months ended May 31, 2022, 100% of the total revenue was generated from one customer. For the three months ended May 31, 2023, 44% and 32% of the total revenue were generated from two customers, respectively. For the three months ended May 31, 2022, 100% of the total revenue was generated from one customer. As of May 31, 2023, two customers accounted for 81% and 19% of the Company’s accounts receivable balance, respectively. 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 May 31, 2023 and August 31, 2022, cash balance of $121,291 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. While management believes that these financial institutions are of high credit quality, it also continually monitors their creditworthiness.

NOTE 11 – CONCENTRATION RISK

9 Months Ended

May 31, 2023

NOTE 11 – CONCENTRATION RISK

Concentration

For the nine months ended May 31, 2023, 49% and 23% of the total revenue were generated from two customers, respectively. For the nine months ended May 31, 2022, 100% of the total revenue was generated from one customer.

For the three months ended May 31, 2023, 44% and 32% of the total revenue were generated from two customers, respectively. For the three months ended May 31, 2022, 100% of the total revenue was generated from one customer.

As of May 31, 2023, two customers accounted for 81% and 19% of the Company’s accounts receivable balance, respectively. 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 May 31, 2023 and August 31, 2022, cash balance of $121,291 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. While management believes that these financial institutions are of high credit quality, it also continually monitors their creditworthiness.