NOTE 13 – SEGMENT INFORMATION

9 Months Ended

May 31, 2024

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, 2024 and 2023, respectively.

	IP Segment				Cinema Segment				Total
	Nine months ended				Nine months ended				Nine months ended
	May 31,				May 31,				May 31,
	2024		2023		2024		2023		2024		2023
Revenue	$	1,617,455	$	791,225	$	267,856	$	317,415	$	1,885,311	$	1,108,640
Operating costs		—		—		136,397		139,567		136,397		139,567
Depreciation and Amortization		1,444,814		2,533,767		—		—		1,444,814		2,533,767
Interest expense (income)		25,260		(495)		—		—		25,260		(495)
Segment assets		1,590,495		3,276,524		165,111		14,849		1,755,606		3,291,373
Segment income (loss)	$	(491,131)	$	(3,054,265)	$	172,846	$	142,738	$	(318,285)	$	(2,911,527)

The following table presents summary information by segment for the three months ended May 31, 2024 and 2023, respectively.

	IP Segment				Cinema Segment				Total
	Three months ended				Three months ended				Three months ended
	May 31,				May 31,				May 31,
	2024		2023		2024		2023		2024		2023
Revenue	$	629,819	$	433,939	$	68,492	$	139,450	$	698,311	$	573,389
Operating costs		—		—		32,316		60,859		32,316		60,859
Depreciation and Amortization		370,114		752,300		—		—		370,114		752,300
Interest expense (income)		5,170		(337)		—		—		5,170		(337)
Segment assets		1,590,495		3,276,524		165,111		14,849		1,755,606		3,291,373
Segment income (loss)	$	106,188	$	(724,768)	$	26,846	$	80,941	$	133,034	$	(643,827)

AB INTERNATIONAL GROUP CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)