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NOTE 13 – SEGMENT INFORMATION
 9 Months Ended
May 31, 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 nine months ended May 31, 2023 and 2022, respectively.

 

j
   IP Segment  Cinema Segment  Total
   Nine months ended  Nine months ended  Nine months ended
   May 31  May 31  May 31
   2023  2022  2023  2022  2023  2022
Revenue  $791,225   $2,056,000   $317,415   $—     $1,108,640   $2,056,000 
Cost of revenue   2,530,435    2,235,534    139,567    —      2,670,002    2,235,534 
Gross income (loss)   (1,739,210)   (179,534)   177,848    —      (1,561,362)   (179,534)
Interest income   495    —      —      —      495    —   
Depreciation   3,332    39,902    —      —      3,332    39,902 
Capital expenditure   —      —      —      —      —      —   
Segment assets   3,276,524    6,820,353    14,849    —      3,291,373    6,820,353 
Segment income (loss)  $(3,054,265)  $(1,769,767)  $142,738   $—     $(2,911,527)  $(1,769,767)

 

 

The following table presents summary information by segment for the three months ended May 31, 2023 and 2022, respectively.

 

h
   IP Segment  Cinema Segment  Total
   Three months ended  Three months ended  Three months ended
   May 31  May 31  May 31
   2023  2022  2023  2022  2023  2022
Revenue  $433,939   $256,000   $139,450   $—     $573,389   $256,000 
Cost of revenue   751,192    862,400    60,859    —      812,051    862,400 
Gross income (loss)   (317,253)   606,400    78,591    —      (238,662)   606,400 
Interest income   337    —      —      —      337    —   
Depreciation   1,108    13,300    —      —      1,108    13,300 
Capital expenditure   —      —      —      —      —      —   
Segment assets   3,276,524    6,820,353    14,849    —      3,291,373    6,820,353 
Segment income (loss)  $(724,768)  $(1,169,662)  $80,941   $—     $(643,827)  $(1,169,662)

 

 

AB INTERNATIONAL GROUP CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)