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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 28, 2025
Aug. 31, 2024
Current assets    
Cash and cash equivalents $ 199,461 $ 152,985
Accounts receivable 57,970 62,914
Inventories 380,653 460,047
Deposit, prepayments and other receivables 88,018 114,806
Total current assets 726,102 790,752
Non-current assets    
Property, plant and equipment, net 281,799 357,778
Operating lease right-of-use assets 148,348 199,647
Deferred offering cost 3,167,640 449,576
Technology-related intangible assets, net 49,676,520 51,481,358
Total non-current assets 53,274,307 52,488,359
TOTAL ASSETS 54,000,409 53,279,111
Current liabilities    
Accounts payable and accruals 162,278 267,900
Other payables 150,671 95,831
Deferred revenue 8,687 10,012
Hire purchase creditor 8,479 8,758
Amounts due to shareholders 1,951,778 1,202,692
Operating lease liability - current 99,590 99,445
Total current liabilities 2,381,483 1,684,638
Non-current liabilities    
Hire purchase creditor 241 4,320
Operating lease liabilities 57,337 108,891
Total non-current liabilities 57,578 113,211
TOTAL LIABILITIES 2,439,061 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 February 28, 2025 and August 31, 2024 [1] 27,181 25,686
Additional paid in capital 97,492,063 91,513,818
Accumulated other comprehensive loss (46,824) (48,827)
Accumulated deficit (45,163,080) (39,401,857)
Non-controlling interest (747,992) (607,558)
Total shareholders’ equity 51,561,348 51,481,262
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 54,000,409 $ 53,279,111
[1] Retroactively restated to reflect 1-for-4 share consolidation effective on September 11, 2024.