NOTE 14 – SEGMENT INFORMATION

3 Months Ended

Nov. 30, 2023

Segment Reporting [Abstract]

NOTE 14 – SEGMENT INFORMATION

NOTE 14 – 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 three months ended November 30, 2023 and 2022, respectively.

	IP Segment						Cinema Segment					Total
	Three months ended						Three months ended					Three months ended
	November 30						November 30					November 30
	2023			2022			2023		2022			2023		2022
Revenue	$	714,288		$	180,000		$	87,459	$	56,812		$	801,747	$	236,812
Operating costs		—			—			41,355		22,404			41,355		22,404
Depreciation and Amortization		512,917			924,615			—		—			512,917		924,615
Interest expense (income)		13,242			(79	)		—		—			13,242		(79	)
Segment assets		2,632,394			5,126,491			23,969		16,612			2,656,363		5,143,103
Segment income (loss)	$	(16,144	)	$	(1,174,772	)	$	59,744	$	(35,018	)	$	43,600	$	(1,209,790	)