NOTE 13 – SEGMENT INFORMATION

12 Months Ended

Aug. 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 years ended August 31, 2023 and 2022, respectively.

	IP Segment						Cinema Segment				Total
	Year ended						Year ended				Year ended
	August 31						August 31				August 31
	2023			2022			2023		2022		2023			2022
Revenue	$	948,000		$	2,928,000		$	525,222	$	—	$	1,473,222		$	2,928,000
Operating costs		—			—			243,635		—		243,635			—
Depreciation and Amortization		3,052,613			3,262,799			—		—		3,052,613			3,262,799
Interest expense		9,578			239			—		—		9,578			239
Segment assets		2,598,255			5,839,217			23,825		—		2,622,080			5,839,217
Segment income (loss)	$	(3,720,974	)	$	(2,173,971	)	$	154,264	$	—	$	(3,566,710	)	$	(2,173,971	)