STOCKHOLDERS’ EQUITY

9 Months Ended

May 31, 2024

Equity [Abstract]

STOCKHOLDERS’ EQUITY

NOTE 11 STOCKHOLDERS’ EQUITY

On December 16, 2021, the Company increased the authorized common stock from 75,000,000 shares with a par value of $0.001 per share to 1,000,000,000 shares with a par value of $0.001 per share.

During the nine months period ended May 31, 2023, the Company issued 207,404 shares of Common Stock, at a per share purchase price of $2.50 for gross proceeds of $518,498, as part of a series of offerings by the Company for an aggregate of up to 6,000,000 shares of Common Stock at a per share purchase price of $2.50 (“Offering”).

During the nine months period ended May 31, 2023, the Company received gross proceeds of $625,330 for 250,132 shares to be issued during the nine months period ended May 31, 2024 as part of the Offering.

During the nine months period ended May 31, 2023, the Company received cash proceeds of $157,255 from capital contribution.

During the nine months period ended May 31, 2024, the Company issued 373,822 shares of Common Stock at a per share purchase price of $2.50 for gross proceeds of $934,555, as part of the Offering.

As such, the Company had $0 shares to be issued on May 31, 2024.

During the nine months period ended May 31, 2024, the Company issued in aggregate 52,107 shares of Common Stock to 15 referral agents in consideration for their referral to the Company of certain investors.

During the nine months period ended May 31, 2024, the Company issued, in aggregate, 5,500 shares of Common Stock to two individuals in consideration for marketing services provided to the Company by Artisan Creative Studio, a marketing entity based in Malaysia.

As of May 31, 2024, and August 31, 2023, the Company had 102,742,362 and 102,310,933 shares of its common stock issued and outstanding, respectively.