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Condensed Consolidated Balance Sheets - USD ($)
May 31, 2024
Aug. 31, 2023
Current assets    
Cash and cash equivalents $ 45,502 $ 779,049
Accounts receivable 56,777 44,130
Inventories 735,470 630,478
Deposit, prepayments and other receivables 469,853 617,507
Total current assets 1,307,602 2,071,164
Non-current assets    
Property, plant and equipment, net 378,072 463,387
Operating lease right-of-use assets 209,670 271,021
Deferred offering cost 449,576
Technology-related intangible assets, net 73,100,745 76,218,786
Total non-current assets 74,138,063 76,953,194
TOTAL ASSETS 75,445,665 79,024,358
Current liabilities    
Accounts payable and accruals 227,472 170,888
Other payables 21,229 27,487
Deferred revenue 391,437 440,069
Hire purchase creditor 7,472 9,224
Amounts due to shareholders 756,682 232,095
Operating lease liability - current 91,658 84,879
Total current liabilities 1,495,950 964,642
Non-current liabilities    
Non-current hire purchase creditor 6,398 10,531
Non-current operating lease liabilities 127,015 198,163
Total non-current liabilities 133,413 208,694
TOTAL LIABILITIES 1,629,363 1,173,336
Commitments and contingencies (Note 14)
Shareholders’ equity    
Common stock, 1,000,000,000 authorized; $0.001 par value, 102,742,362 and 102,310,933 shares issued and outstanding as at May 31, 2024 and August 31, 2023 102,742 102,311
Additional paid in capital 91,502,360 90,371,141
Shares to be issued 1,066,052
Accumulated other comprehensive loss (190,036) (17,036)
Accumulated deficit (17,227,187) (13,523,266)
Non-controlling interest (371,577) (148,180)
Total shareholders’ equity 73,816,302 77,851,022
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 75,445,665 $ 79,024,358