NOTE 13 – SEGMENT INFORMATION

6 Months Ended

12 Months Ended

Feb. 29, 2024

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 six months ended February 29, 2024 and February 28, 2023, respectively.

	IP Segment						Cinema Segment				Total
	Six months ended						Six months ended				Six months ended
	February 29,			February 28,			February 29,		February 28,		February 29,			February 28,
	2024			2023			2024		2023		2024			2023
Revenue	$	987,636		$	357,286		$	199,364	$	177,965	$	1,187,000		$	535,251
Operating costs		—			—			104,081		78,708		104,081			78,708
Depreciation and Amortization		1,074,698			1,781,467			—		—		1,074,698			1,781,467
Interest expense (income)		20,090			(158	)		—		—		20,090			(158	)
Segment assets		1,756,397			4,161,840			33,348		25,619		1,789,745			4,187,459
Segment income (loss)	$	(597,319	)	$	(2,340,126	)	$	146,000	$	61,797	$	(451,319	)	$	(2,278,329	)

The following table presents summary information by segment for the three months ended February 29, 2024 and February 28, 2023, respectively.

	IP Segment						Cinema Segment				Total
	Three months ended						Three months ended				Three months ended
	February 29,			February 28,			February 29,		February 28,		February 29,			February 28,
	2024			2023			2024		2023		2024			2023
Revenue	$	273,348		$	177,286		$	111,905	$	121,153	$	385,253		$	298,439
Operating costs		—			—			62,726		56,304		62,726			56,304
Depreciation and Amortization		561,781			856,852			—		—		561,781			856,852
Interest expense (income)		6,848			(79	)		—		—		6,848			(79	)
Segment assets		1,756,397			4,161,840			33,348		25,619		1,789,745			4,187,459
Segment income (loss)	$	(581,175	)	$	(1,165,354	)	$	86,256	$	96,815	$	(494,919	)	$	(1,068,539	)

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	)