NOTE 13 – SEGMENT INFORMATION

12 Months Ended

Aug. 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 years ended August 31, 2024 and 2023, respectively.

	IP Segment					Cinema Segment					Total
	Year ended					Year ended					Year ended
	August 31					August 31					August 31
	2024		2023			2024			2023		2024		2023
Revenue	$	2,868,455	$	948,000		$	432,012		$	525,222	$	3,300,467	$	1,473,222
Cost of copyrights sold		119,517		—			—			—		119,517		—
Operating costs		—		—			189,500			243,635		189,500		243,635
Depreciation and Amortization		1,664,338		3,052,613			—			—		1,664,338		3,052,613
Interest expense		31,588		9,578			—			—		31,588		9,578
Segment assets		2,257,669		2,598,255			91,501			23,825		2,349,170		2,622,080
Segment income (loss)	$	671,457	$	(3,720,974	)	$	(129,126	)	$	154,264	$	542,331	$	(3,566,710	)