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Condensed Consolidated Balance Sheets - USD ($)
Nov. 30, 2024
Aug. 31, 2024
Current assets    
Cash and cash equivalents $ 149,732 $ 152,985
Accounts receivable 77,585 62,914
Inventories 409,185 460,047
Deposit, prepayments and other receivables 100,632 114,806
Total current assets 737,134 790,752
Non-current assets    
Property, plant and equipment, net 306,756 357,778
Operating lease right-of-use assets 172,672 199,647
Deferred offering cost 3,167,640 449,576
Technology-related intangible assets, net 50,578,939 51,481,358
Total non-current assets 54,226,007 52,488,359
TOTAL ASSETS 54,963,141 53,279,111
Current liabilities    
Accounts payable and accruals 226,516 267,900
Other payables 158,077 95,831
Deferred revenue 20,643 10,012
Hire purchase creditor 8,512 8,758
Amounts due to shareholders 1,528,155 1,202,692
Operating lease liability - current 100,478 99,445
Total current liabilities 2,042,381 1,684,638
Non-current liabilities    
Hire purchase creditor 2,220 4,320
Operating lease liabilities 79,672 108,891
Total non-current liabilities 81,892 113,211
TOTAL LIABILITIES 2,124,273 1,797,849
Commitments and contingencies (Note 14)
Shareholders’ equity    
Common stock, 250,000,000 authorized; $0.001 par value, 27,180,631 and 25,685,591 shares issued and outstanding as at November 30, 2024 and August 31, 2024 [1] 27,181 25,686
Additional paid in capital 97,492,063 91,513,818
Accumulated other comprehensive loss (40,990) (48,827)
Accumulated deficit (43,957,258) (39,401,857)
Non-controlling interest (682,128) (607,558)
Total shareholders’ equity 52,838,868 51,481,262
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 54,963,141 $ 53,279,111
[1] Retroactively restated to reflect 1-for-4 share consolidation effective on September 11, 2024.