NOTE 5 – INTANGIBLE ASSETS

9 Months Ended

May 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 5 – INTANGIBLE ASSETS

 NOTE 5 – INTANGIBLE ASSETS

As of May 31, 2025 and August 31, 2024, the balance of intangible assets was as follows: 

	May 31, 2025			August 31, 2024
Movie copyrights – Love over the world	$	853,333		$	853,333
Sitcom copyrights – Chujian		640,000			640,000
Movie copyrights – A story as a picture		422,400			422,400
Movie copyrights – Our treasures		936,960			936,960
Movie broadcast right – On the way		256,000			256,000
Movie copyrights – Too simple		1,271,265			1,271,265
Movie copyrights – Confusion		1,024,000			1,024,000
Movie copyrights – Amazing Data		300,000			300,000
Movie copyrights – Nice to meet you		300,000			300,000
Movie copyrights – 6 movies		265,825			506,533
Movie broadcast rights – 59 movies		—			2,439,840
Movie copyrights – Amazing data 2		54,000			—
Movie copyrights – 3 movies		120,000			—
Movie copyrights – 1 movie		90,000
TV drama copyright – 20 episodes		295,000			295,000
TV drama copyright – 20 episodes		310,123			—
TV drama copyright – 10 episodes		120,000			—
TV drama copyright – 1,151 series		3,455,000			—
TV drama copyright – 360 series		913,671			—
TV drama copyright – 20 series		57,016			—
NFT MMM platform		280,000			280,000
Total cost		11,964,593			9,525,331
Accumulated amortization		(7,338,349	)		(9,154,407	)
Intangible assets, net	$	4,626,244		$	370,924

AB INTERNATIONAL GROUP CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 5 – INTANGIBLE ASSETS (continued)

The amortization expense for the three and nine months ended May 31, 2025 was $594,802 and $849,568, respectively. The amortization expense for the three and nine months ended May 31, 2024 was $369,006 and $1,441,489 respectively. Estimated future amortization expense is as follows:

Twelve months ending May 31,	Amortization expense
2026	$	2,601,628
2027		2,024,616
Total	$	4,626,244

On August 6, 2022, the Company licensed NFT MMM platform to a third party to allow the access of NFT MMM platform and platform data on both app and website for one year starting from August 20, 2022 for a monthly license fee of $60,000. Subsequent to the license renewal on November 1, 2023, the Company would continue licensing the NFT MMM platform to the same third party from November 1, 2023 until October 31, 2025 for a monthly license fee of $57,000. The agreement was terminated on January 31, 2025. The Company remains the ownership and copyright of the NFT MMM platform, including the APP “NFT MMM”, and the website: starestnet.io. For the nine months ended May 31, 2025 and May 31, 2024, the Company recognized license revenue of $285,000 and $399,000 respectively (See Note 8).

During the year ended August 31, 2024, on September 10, 2023, the Company entered into an agreement with All In One Media Ltd to acquire the copyrights for 4 movies at a price of $104,714. These copyrights allow the Company to transfer these movies to other parties outside the mainland China. On November 27, 2023, the Company further acquired mainland China copyrights of these 4 movies from All In One Media Ltd. at price of $378,513. On September 30, 2023, the Company entered into another agreement with All In One Media Ltd to acquire the copy rights and broadcast rights for 2 movies for a price of $212,562. These copyrights allow the Company to broadcast these movies globally. On August 13, 2024, the Company entered into an agreement with All In One Media Ltd to acquire the copyrights and broadcast rights of 2 movies for a price of $580,000. These copyrights allow the Company to broadcast these movies globally.

During the year ended August 31, 2024, in November 2023, the Company entered into an agreement with Anyone Pictures Limited to sell the Mainland China copyrights of 1 movie for a price of $180,000 and the offline broadcast rights of another movie for a price of $211,800. The granted broadcast rights are globally exclusive, with the exception of Mainland China.

During the year ended August 31, 2024, on November 21, 2023, the Company entered into an agreement with Capitalive Holdings Limited to sell offline broadcast rights of 1 movie for a price of $140,000. The granted broadcast rights are globally exclusive, with the exception of Mainland China.

During the year ended August 31, 2024, on June 5, 2024, the Company entered into an agreement with Stareastnet Portal Limited to acquire the copyright and broadcast right of 20-episode TV drama for a price of $310,123. The copyright allows the Company to broadcast globally with the exception of Mainland China.

During the three months ended November 30, 2024, on September 30, 2024, the Company entered into an agreement with Capitalive Holdings Limited to sell the offline broadcast rights of 2 movies for $55,000. The granted offline broadcast rights are globally exclusive, with the exception of Mainland China.

During the three months ended November 30, 2024, on September 30, 2024, the Company entered into an agreement with All In One Media Ltd to acquire the copyrights and broadcast rights for 1 movie for a price of $360,000. These copyrights allow the Company to broadcast these movies globally. On October 21, 2024, the Company entered into an agreement with Anyone Pictures Limited to sell the broadcast rights of the movie for $228,000. The granted broadcast rights are Mainland China exclusive (See Note 8).

AB INTERNATIONAL GROUP CORP. 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 5 – INTANGIBLE ASSETS (continued)

During the three months ended February 28, 2025, the Company received the copyright and broadcast right for 3 movies from All In One Media Ltd for total prices of $800,000. The copyright allows the Company to broadcast globally.

During the three months ended February 28, 2025, the Company received the copyright and broadcast right of 1 movie and broadcast right of 10-episode TV drama from Stareastnet Portal Limited for a price of $310,123 and $120,000, respectively. The movie copyright allows the Company to broadcast globally and the TV drama copyright allows the Company to broadcast globally with the exception of Mainland China.

During the three months ended February 28, 2025, the Company entered into an agreement with Capitalive Holdings Limited to sell the ABQQ.TV website and the copyrights of 59 movies for $275,000. The copyrights are globally exclusive, with the exception of Mainland China.

During the three months ended February 28, 2025, the Company entered into an agreement with Anyone Pictures Limited to sell the broadcast rights of 2 movies for $110,000. The granted broadcast rights are Mainland China exclusive. The Company entered into another agreement with Anyone Pictures Limited to sell the broadcast right for $40,000. The granted broadcast rights are Mainland China exclusive. The Company entered into an agreement with Anyone Pictures Limited to sell the Mainland China exclusive broadcast rights of one of the movies for $150,000 (See Note 8).

During the three months ended May 31, 2025, the Company received the copyright and broadcast right of 1 movie and 1,151 series of TV drama from All In One Media Ltd for a price of $600,000 and $3,455,000, respectively. The movie copyright allows the Company to broadcast globally and the TV drama copyright allows the Company to broadcast globally with the exception of Mainland China. As of May 31, 2025, all of the purchase price had been settled.

During the three months ended May 31, 2025, the Company received the copyright and broadcast right of 20 series of TV drama and 360 series of TV drama from Guangdong Honor Film Co., Ltd. for a price of $57,016 and $913,671, respectively. The copyrights allow the Company to broadcast globally with the exception of Mainland China. As of May 31, 2025, all of the purchase price had been settled. The Company also entered into an agreement with Guangdong Honor Film Co., Ltd. to sell the broadcast rights of the movie for $209,200. The granted broadcast rights are Mainland China exclusive.

During the three months ended May 31, 2025, the Company entered into an agreement with Capitalive Holdings Limited to sell the offline broadcast rights of 5 movies for $201,100 and 3 movies for $440,000. The granted offline broadcast rights are globally exclusive, with the exception of Mainland China.

During the three months ended May 31, 2025, the Company entered into an agreement with Anyone Pictures Limited to sell the broadcast rights of one movie for $356,000. The granted broadcast rights are Mainland China exclusive. (See Note 8)

AB INTERNATIONAL GROUP CORP. 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)