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Consoolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
May 31, 2024
May 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (318,285) $ (2,926,072)
Adjustments to reconcile net loss to net cash used in operating activities:    
Executive salaries and consulting fees paid in stock 185,971
Depreciation of fixed asset 3,325 3,332
Amortization of intangible asset 1,441,489 2,519,934
Gain from sales of software in progress (85,000)
Imputed interest on officer loan 25,953
Non-cash dividend expense for preferred shares 14,545
Non-cash lease expense 626 25,752
Changes in operating assets and liabilities:    
Accounts receivable (254,720) (310,000)
Prepaid expenses 10,665
Rent security & electricity deposit (766)
Purchase deposits (paid) refunded (30,000) 420,000
Purchase of movie and TV series broadcast right and copyright (695,789) (243,276)
Accounts payable and accrued liabilities 12,505 (173,023)
Accounts payable and accrued liabilities – related party 6,388
Deferred revenue 25,600 (1,225)
Net cash provided by (used in) operating activities 124,938 (467,009)
CASH FLOWS FROM FINANCING ACTIVITIES    
Loan (repayment to) proceeds from related parties (76,606) 302,156
Proceeds from common stock issuances 146,475
Proceeds from preferred share C issuances 69,000
Net cash (used in) provided by financing activities (76,606) 517,631
Net increase in cash and cash equivalents 48,332 50,622
Cash and cash equivalents – beginning of period 117,096 84,223
Cash and cash equivalents – end of period 165,428 134,845
Supplemental Cash Flow Disclosures    
Cash paid for interest
Cash paid for income taxes
Non-Cash Investing and Financing Activities:    
Settlement of accrued CEO salaries with common stock 45,000
Net off purchase deposit with loan from related parties for sales of software 300,000  
Transfer from purchase deposit to intangible assets $ 461,724