10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For The Quarterly Period Ended February 28, 2019

or

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Commission File Number 333-221548

LEADER CAPITAL HOLDINGS CORP

(Exact name of registrant issuer as specified in its charter)

Nevada	37- 1853394
(State or other jurisdiction of  incorporation or organization)	(I.R.S. Employer Identification No.)

Rm. 3, 9F., No.910, Sec. 2, Taiwan Blvd.,

Xitun Dist., Taichung City 407, Taiwan (R.O.C.)

(Address of principal executive offices, including zip code)

Registrant’s phone number, including area code +886-4-23138178

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YES [X] NO [  ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

YES [  ] NO [X]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer [  ] Accelerated Filer [  ] Non-accelerated Filer [  ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes [  ] No [X]

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding at April 15, 2019
Common Stock, $.0001 par value	104,974,284

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION	3
ITEM 1.	FINANCIAL STATEMENTS:	3
	Condensed Consolidated Balance Sheets as of February 28, 2019 (unaudited) and August 31, 2018	3
	Condensed Consolidated Statements of Operations and Comprehensive Loss for the Six Months Ended February 28, 2019 and February 28, 2018 (unaudited)	4
	Condensed Consolidated Statements of Cash Flows for the Six Months Ended February 28, 2019 and 2018 (unaudited)	5
	Notes to the Unaudited Condensed Consolidated Financial Statements	6 to 12
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	13
ITEM 3.	QUANTITATIVE AND QUALITATIVED IS CLOSURES ABOUT MARKET RISK	15
ITEM 4.	CONTROLS AND PROCEDURES	15
PART II	OTHER INFORMATION	16
ITEM 1	LEGAL PROCEEDINGS	16
ITEM 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	16
ITEM 3	DEFAULTS UPON SENIOR SECURITIES	16
ITEM 4	MINE SAFETY DISCLOSURES	16
ITEM 5	OTHER INFORMATION	16
ITEM 6	EXHIBITS	16
SIGNATURES		17

2

PART I — FINANCIAL INFORMATION

Item 1. Financial statements

LEADER CAPITAL HOLDINGS CORP

CONDENSED CONSOLIDATED BALANCE SHEETS

	As of
	February 28, 2019			August 31, 2018
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents		458,499			839,323
Prepayments, deposits and other receivables		73,311			89,504
Notes receivable		50,000			-
Due from director		714			1,201
Due from related parties		-			878
Total current assets		582,524			930,906
Non-current assets
Plant and equipment, net		5,813			18,586
Leasehold improvement		8,538			-
Deposit		-			9,960
Total non-current assets		14,351			28,546
TOTAL ASSETS	$	596,875		$	959,452
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Other payables and accrued liabilities	$	64,344		$	77,015
Total current liabilities		64,344			77,015
TOTAL LIABILITIES	$	64,344		$	77,015
STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding		-			-
Common stock, $ 0.0001 par value; 600,000,000 shares authorized; 104,665,770   and 104,275,395 shares issued and outstanding as of February 28, 2019 and August 31, 2018, respectively		10,467			10,428
Additional paid-in capital		1,629,809			1,434,661
Accumulated other comprehensive income		(1	)		-
Accumulated deficit		(1,107,744	)		(562,652	)
TOTAL STOCKHOLDERS’ EQUITY	$	532,531		$	882,437
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	596,875		$	959,452

See accompanying notes to the condensed consolidated financial statements.

3

LEADER CAPITAL HOLDINGS CORP

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

	For the three months ended February 28,						For the six months ended February 28,
	2019			2018			2019			2018
REVENUE		-			-			-			-
COST OF REVENUE		-			-			-			-
GROSS PROFIT		-			-			-			-
OPERATING EXPENSES
General and administrative		(157,836	)		(167,679	)		(568,630	)		(312,674	)
LOSS FROM OPERATIONS		(157,836	)		(167,679	)		(568,630	)		(312,674	)
Interest expense		-			-			-			-
LOSS BEFORE INCOME TAX		(157,836	)		(167,679	)		(568,630	)		(312,674	)
Other income/(expense):
Other income		12,056			238			23,537			238
Income tax expense		-			-			-			-
NET LOSS		(145,780	)		(167,441	)		(545,093	)		(312,436	)
Other comprehensive loss
Foreign currency translation loss		1			(1	)		1			(1	)
COMPREHENSIVE LOSS		(145,779	)		(167,442	)		(545,092	)		(312,437	)
Net loss per share - Basic and diluted	$	(0.00	)	$	(0.00	)		(0.01	)		(0.01	)
Weighted average number of common shares outstanding - Basic and diluted		104,665,770			102,275,395			104,665,770			102,275,395

See accompanying notes to the condensed consolidated financial statements.

4

LEADER CAPITAL HOLDINGS CORP

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the Six months ended February 28,
	2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(545,092	)	$	(312,437	)
Adjustments to reconcile net loss to net cash used in operating activities:
Shares issued for mobile application development cost		195,187			-
Impairment loss on investment		102,564			-
Depreciation and Amortization		4,235			5,711
Changes in operating assets and liabilities:
Prepayments, deposits & other receivables		26,153			(13,778	)
Amount due from related companies		-			80,000
Amount due to director		-			24,690
Accounts payable and accrued liabilities		(12,671	)		39,229
Amount due to a related company		-			15,263
Net cash used in operating activities		(229,624	)		(161,322	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment		-			(22,745	)
Investment in subsidiaries		(102,564	)		-
Net cash used in investing activities		(102,564	)		(22,745	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Loan from related parties		878			-
Advances to director		487			-
Note receivable		(50,000	)		-
Subscription receivable		-			20,080
Net cash provided by financing activities		(48,635	)		20,080
Effect of exchange rate changes on cash and cash equivalents		(1	)		1
Net decrease in cash and cash equivalents		(380,824	)		(163,986	)
Cash and cash equivalents, beginning of period		839,323			394,096
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	458,499		$	230,110
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes	$	-		$	-
Cash paid for interest paid	$	-		$	-

See accompanying notes to the condensed consolidated financial statements.

5

LEADER CAPITAL HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO FINANCIAL STATEMENTS

For the SIX MONTH ended February 28, 2019 (unaudited) and August 31, 2018

(audited)

(Currency expressed in United States Dollars (“US$”), except for number of shares)

1. ORGANIZATION AND BUSINESS BACKGROUND

Leader Capital Holdings Corp. was incorporated on March 22, 2017 under the laws of the state of Nevada.

The Company, through its subsidiaries, mainly engages in the provision of investment platform services with the use of a mobile application.

Company name	Place/date of incorporation	Principal activities
1. Leader Financial Group Limited	Seychelles / March 6, 2017	Investment Holding
2. JFB Internet Service Limited	Hong Kong / July 6, 2017	Provide an Investment platform

We are a development-stage company with a fiscal year end of August 31. At this moment, we operate exclusively through our wholly owned subsidiaries Leader Financial Group Limited and JFB Internet Service Limited and share the same business plan of our subsidiaries which is to provide services through a mobile application investment platform.

Leader Capital Holdings Corp. and its subsidiaries are hereinafter referred to as the “Company”.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The consolidated financial statements for Leader Capital Holdings Corp. and its subsidiaries are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Leader Capital Holdings Corp. and its wholly owned subsidiaries, Leader Financial Group Limited and JFB Internet Service Limited. Intercompany accounts and transactions have been eliminated in consolidation. The Company has adopted August 31 as its fiscal year end.

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended February 28, 2019, the Company incurred a net loss of $ 545,093 and used cash in operating activities of $229,624.

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company’s profit generating operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. In the event that we require additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the shareholder has indicated the intent and ability to provide additional financing.

No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing.

Use of estimates

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

6

Software Development Costs

The Company expense software development costs, including costs to develop software products or the software component of products to be marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products and as a result, development costs that meet the criteria for capitalization were not material for the periods presented.

We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. Costs capitalized for developing such software applications were not material for the periods presented.

Revenue recognition

Rental income

Revenue from rental of leasehold land and buildings are recognized on a straight-line basis over the lease term when collectability is reasonably assured and the tenant has taken possession or controls the physical use of the leased assets. The Company leases its commercial office in Taipei under non-cancelable operating leases with terms of 31 months to a related party which is Greenpro LF Limited, a Seychelles company, owned by Mr. Lin Yi-Hsiu, the director of the Company and Mr. Lee Chong Kuang.

Plant and equipment

Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational:

	Expected useful life
Furniture and fixture		3
Leasehold improvement		3

Intangible asset

All of our intangible assets are subject to amortization and are amortized using the straight-line method over their estimated period of benefit which is 5 years.

The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets’ carrying amounts. There was no impairment losses recorded on intangible assets for the period ended February 28, 2019.

Income taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

7

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

The Company conducts major businesses in Hong Kong. The Company is subject to tax in Hong Kong jurisdictions. As a result of its business activities, the Company will file tax returns that are subject to examination by the Hong Kong tax authority.

Net income/(loss) per share

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.

The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Seychelles and Hong Kong maintains its books and record in United States Dollars (“US$”) and Hong Kong Dollars (“HK$”) respectively, and Hong Kong Dollars is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statement of retained earnings.

Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the period ended February 28, 2019		As of and for the period ended August 31, 2018
Year-end / average HK$ : US$1 exchange rate		7.80		7.80

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

8

Fair value of financial instruments:

The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable and accrued liabilities and amount due to a director approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Recent accounting pronouncements

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement. The new guidance modifies disclosure requirements related to fair value measurement. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Implementation on a prospective or retrospective basis varies by specific disclosure requirement. Early adoption is permitted. The standard also allows for early adoption of any removed or modified disclosures upon issuance of this ASU while delaying adoption of the additional disclosures until their effective date.

9

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

3. OTHER INVESTMENT

At November 30, 2018, the Company had an investment in Leader Financial Asset Management Limited of $102,564, which is 6.25% of the equity interest of Leader Financial Asset Management Limited and is accounted for under the cost method of accounting. Leader Financial Asset Management Limited is a company incorporated in Hong Kong and is 59.38% and 31.25% owned by the Company’s director Lin Yi-Hsiu and Cheng Shui Fung respectively. The Company performed an impairment test on the investment and expect that will not to generate revenues in the near future. The impairment losses of other investment were $102,564 for the period ended February 28, 2019.

4. PLANT AND EQUIPMENT, NET

Plant and equipment as of February 28, 2019 are summarized below:

	As of and for the period ended February 28, 2019			As of and for the period ended August 31, 2018
Furniture & fixtures	$	3,911		$	3,911
Office equipment		5,319			5,319
Leasehold improvement		16,178			16,178
Total		25,408			25,408
Less: Accumulated depreciation		(11,057	)		(6,822	)
Plant and Equipment , net	$	14,351		$	18,586

Depreciation expense, classified as operating expenses, was $4,235 for the six months ended February 28, 2019.

5. RELATED PARTY TRANSACTIONS

	Six month ended February 28, 2019		Year ended August 31, 2018
Professional fee:
- Related Party A	$	8,800	$	192,364
Other Income:
- Related Party B		22,707		18,923
Total		31,507		211,287

Related party A is Greenpro Financial Consulting Limited. Directors of related party A are the investment managers of Greenpro Asia Strategic SPC-Greenpro Asia Strategic SP, Mr. Lee Chong Kuang and Mr. Loke Che Chan. This fee will be due to related party A upon receipt of an invoice. Related party A provides professional services to the company.

The Company incurred professional fees $8,800 and $192,364 for the Six months ended February 28, 2019 and for the year ended August 31, 2018 respectively.

Related Party B is Greenpro LF Limited. Directors of related party B are Mr. Lin Yi-Hsiu, the director of the Company and Mr. Lee Chong Kuang.The Company leases its commercial office in Taipei under non-cancelable operating leases with terms of 31months.

The Company received $22,707 and $18,923 rental income from related party B for the Six months period ended February 28, 2019 and for the year ended August 31, 2018 respectively.

10

6. NOTES RECEIVABLE

On February 13,2019 the Company entered into a loan agreement with Kurrency Technology Holding Limited. (“Kurrency”) and loaned Kurrency $50,000. The loan is unsecured, bears interest at 8% per annum, and is due on May 31, 2019. The Company made the loan to Kurrency as part of the Company’s plans to expand its business in software technology.

7. PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES

	Six month ended February 28, 2019		Year ended August 31, 2018
Long-term Deposit	-		9,960
Short-term Deposit		59,496		39,756
Prepaid expense and other receivables		13,635		49,748
	$	73,131		99,464

As of February 28, 2019, the balance $73,131 represented an outstanding deposit and other receivable which included rental deposit and management fee deposit. The prepaid expense is the prepaid transfer agent fee.

8. ACCRUED EXPENSES AND OTHER PAYABLES

	Six month ended February 28, 2019		Year ended August 31, 2018
Accrued expenses	$	37,344		50,015
Unearned income		27,000		27,000
	$	64,344		77,015

As of February 28, 2019, the balance $64,344 represented an outstanding payable which included accrued expenses and unearned income. The unearned income is the upfront fee $27,000 which allocated to the whole contract term. The Company signed a service agreement with a third party which acts as agent to promote and sale the investment platform. The third party needs to pay an upfront fee and shares 30% of its profit to the Company. The accrued expenses is the accrued salary expenses.

9. AMOUNT DUE FROM DIRECTOR

As of February 28, 2019, the balance $714 represented an outstanding loan from the Company’s director, Lin Yi-Hsiu. It is unsecured, interest-free with no fixed payment term, for loan purpose.

10. COMMON STOCK

On March 22, 2017, the company issued 100,000 shares of restricted common stock, each with a par value of $0.0001 per share, to Mr. Lin for initial working capital of $10.

On June 16, 2017, the company issued 83,000,000, 5,000,000, 7,000,000 and 5,000,000 shares of restricted common stock to First Leader Capital Ltd., CPN Investment Ltd., Cheng Shui Fung and Greenpro Asia Strategic SPC respectively, each with par value of $0.0001 per share, for additional working capital of $10,000.

In July 2017 the Company sold shares to 22 shareholders, all of which reside in China, Hong Kong and Taiwan. A total of 1,474,995 shares of restricted common stock were sold at a price of $0.20 per share. The total proceeds to the Company amounted to a total of $294,999. The proceeds will be used as working capital.

11

In August 2017 the Company sold shares to 8 shareholders, all of which reside in China, Hong Kong and Taiwan. A total of 700,400 shares of restricted common stock were sold at a price of $0.20 per share. The proceeds will be used as working capital.

In May 2018, the Company has issued 2,000,000 shares of common stock in the initial public offering at a price of $0.50 per share and received $1,000,000.

On September 1, 2018, the Company appointed a Taiwan company to develop a mobile application which costs TWD20,000,000 (USD651,466). As consideration thereof, the Company will issue 390,375 restricted shares of our common stock which was $0.5 per share.

As of February 28, 2019, there are 104,665,770 shares of common stock issued and outstanding. There are no shares of preferred stock issued and outstanding.

11. COMMITMENTS AND CONTINGENCIES

During the period ended February 28, 2019, the Company entered into an agreement with an independent third party to lease office premises in Taiwan on a monthly basis, for the operations of the Company. The rental expense for the period ended February 28, 2019 was $57,899. The Company plans to use these three offices for business development in different locations.

As of February 28, 2019, the Company has the aggregate minimal rent payments due in the next four years as follow.

Year ending August 31,
2019	$	71,855
2020		41,807
2021		6,300

12. SUBSEQUENT EVENTS

On September 1, 2018, the Company appointed a Taiwan company to develop a mobile application which costs TWD20,000,000 (~$650,618) and will pay in four installments. The company will pay 30% upon signed the agreement, 40% after the basic set up of the mobile application, 20% after completed and tested all set up of the mobile application and 10% after 6 month’s stable operation. on September 1, 2018, as consideration thereof The Company issued 390,375 restricted shares of our common stock which was $0.5 per share.

On March 1, 2019, the Company should issue 518,303 restricted shares of our common stock which was $0.5 per share for the second payment which should be paid when completed the basic set up of the mobile application. The Company issued 308,514 restricted shares of our common stock on March 1,2019 and the Company will issue remaining 209,789 restricted shares of our common stock to the Taiwan company.

12

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The information contained in this Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended August 31, 2018 and presumes that readers have access to, and will have read, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our financial statements and the notes to the financial statements included elsewhere in this Form 10-Q.

The following discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, “Management’s Discussion and Analysis of Financial Condition and Results of Operations. “These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Form S-1 Amendment No. 4, dated February 5, 2018, in the section entitled “Risk Factors” for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this transition report on Form10-Q. The following should also be read in conjunction with the unaudited Condensed Consolidated Financial Statements and notes thereto that appear elsewhere in this report.

Company Overview

Leader Capital Holdings Corp. is a company that operates through its wholly owned subsidiary, Leader Financial Group Limited, a Seychelles Company. It should be noted that our wholly owned subsidiary, Leader Financial Group Limited owns 100% of JFB Internet Service Limited, a Hong Kong Company.

At this time, we operate exclusively through our wholly owned subsidiary and share the same business plan of our subsidiary which is to function as the service provider of an investment platform. JFB Internet Service Limited owns the JFB mobile application. JFB is a platform that connects investor with other financial service providers in an effort to sharpen operational efficiency and respond to customer demands for more innovative services. It is a ready-made application to meet generic needs of financial service providers, especially for trust companies and insurance companies. Some degree of customization can be added to brand the application to better suit the client’s requirements. The JFB application has completed development, but we may evaluate the possibility of improving the application as time goes on. Additionally, it should be noted that the Company has not yet generated any revenue, and we currently operate at a net loss.

RESULTS OF OPERATIONS FOR THE PERIOD ENDED FEBRUARY 28, 2019

General and Administrative Expenses

For the three months ended February 28, 2019, we have had general and administrative expenses in the amount of $157,836. These expenses are comprised of salary and wages expenses of $18,880 and rent and rates of $72,830 for the three months ended February 28, 2019.

Net Loss

We recorded a net loss of $145,780. The net loss mainly derived from the general and administrative expenses incurred.

Liquidity and Capital Resources

Cash Used in Operating Activities

Net cash used in operating activities was $229,624 for the Six months ended February 28, 2018. The cash used in operating activities was mainly for payment of general and administrative expenses.

Cash Used in Investing Activities

Net cash used in investing activities was $102,564 for the Six months ended February 28, 2018. The cash used in investing activities for the six months ended November 30, 2018 was resulted from the acquisition of 6.25% shareholding of a financial asset management company in Hong Kong company which is 59.38% and 31.25% owned by the Company’s director Lin Yi-Hsiu and Cheng Shui Fung respectively and paid HK$800,000 (USD102,564) in cash.

Cash Provided by Financing Activities

Net cash used in financing activities were $48,365 for the Six months ended February 28, 2018. The cash provided by financing activities was contributed from the loan from related parties and used to loan to a Taiwan company.

In regards to all of the above transactions we claim an exemption from registration afforded by Section 4(a)(2) and/or Regulation S of the Securities Act of 1933, as amended (“Regulation S”) for the above sales of the stock since the sales of the stock were made to non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective affiliates, or any person acting on behalf of any of the foregoing.

13

Result Of Operation For the six months ended February 28, 2019

Our cash and cash equivalents balance is $458,499 as of February 28, 2019. Our cash balance is sufficient to fund our operations for a period of time.

Revenue

For the Six months ended February 28, 2019, the Company generated no revenue. Our gross profits for the Six months ended February 28, 2019 was $Nil.

General and administrative expenses

For the Six months ended February 28, 2019, we have had general and administrative expenses in the amount of $568,630. These expenses are mainly comprised of Company’s consulting fee, website maintenance fee, salary and wages expenses and rent and rates of for the Six months ended February 28, 2019.

Net loss

Our net loss was $545,093 for the Six months ended February 28, 2019. The net loss mainly derived from the general and administrative expenses incurred.

14

Off-balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of February 28, 2019.

Contractual Obligations

As of February 28, 2019, the Company has no contractual obligations involved.

ITEM 3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.

ITEM 4 CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures:

We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of February 28, 2019. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of February 28, 2019, our disclosure controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of February 28, 2019, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

Changes in Internal Control Over Financial Reporting:

There were no changes in our internal control over financial reporting during the quarter ending February 28, 2019, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

15

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

We know of no materials, active or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceedings or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any beneficial shareholder are an adverse party or has a material interest adverse to us.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information.

None.

ITEM 6. Exhibits

31.1	Rule 13(a)-14(a) / 15(d)-14(a) Certification of principal executive office and principal financial officer
32.1	Section 1350 Certification of principal executive officer and principal financial officer

16

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	LEADER CAPITAL HOLDINGS CORP
	(Name of Registrant)
Date: April 15, 2019	By:	/s/ Lin Yi-Hsiu
	Title:	Chief Executive Officer, President, Director (Principal Executive Officer)

17

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, LIN YI-HSIU, certify that:

1. I have reviewed this quarterly report on Form 10-Q of LEADER CAPITAL HOLDINGS CORP (the “Company”) for the quarter ended February 28, 2019;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.	Designed such internal control over financial reporting, or caused such internal control to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 15, 2019	By:	/s/ Lin Yi-Hsiu
		Lin Yi-Hsiu
		Chief Executive Officer, President, Treasurer Director
		(Principal Executive Officer , Principal Financial Officer, Principal Accounting Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of LEADER CAPITAL HOLDINGS CORP (the “Company”) on Form 10-Q for the period ended February 28, 2019 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

Date: April 15, 2019	By:	/s/ Lin Yi-Hsiu
		Lin Yi-Hsiu
		Chief Executive Officer, President, Treasurer Director
		(Principal Executive Officer , Principal Financial Officer, Principal Accounting Officer)

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document and Entity Information - shares	6 Months Ended
	Feb. 28, 2019	Apr. 15, 2019
Document And Entity Information
Entity Registrant Name	Leader Capital Holdings Corp.
Entity Central Index Key	0001715433
Document Type	10-Q
Document Period End Date	Feb. 28, 2019
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		104,974,284
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

XML

Condensed Consolidated Balance Sheets - USD ($)	Feb. 28, 2019	Aug. 31, 2018
Current assets:
Cash and cash equivalents	$ 458,499	$ 839,323
Prepayments, deposits and other receivables	73,311	89,504
Notes receivable	50,000
Due from director	714	1,201
Due from related parties		878
Total current assets	582,524	930,906
Non-current assets
Plant and equipment, net	5,813	18,586
Leasehold improvement	8,538
Deposit		9,960
Total non-current assets	14,351	28,546
TOTAL ASSETS	596,875	959,452
Current liabilities
Other payables and accrued liabilities	64,344	77,015
Total current liabilities	64,344	77,015
TOTAL LIABILITIES	64,344	77,015
STOCKHOLDERS' EQUITY
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common stock, $ 0.0001 par value; 600,000,000 shares authorized; 104,665,770 and 104,275,395 shares issued and outstanding as of February 28, 2019 and August 31, 2018, respectively	10,467	10,428
Additional paid-in capital	1,629,809	1,434,661
Accumulated other comprehensive income	(1)
Accumulated deficit	(1,107,744)	(562,652)
TOTAL STOCKHOLDERS' EQUITY	532,531	882,437
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 596,875	$ 959,452

XML

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 28, 2019	Aug. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	104,665,770	104,275,395
Common stock, shares outstanding	104,665,770	104,275,395

XML

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Income Statement [Abstract]
REVENUE
COST OF REVENUE
GROSS PROFIT
OPERATING EXPENSES
General and administrative	(157,836)	(167,679)	(568,630)	(312,674)
LOSS FROM OPERATIONS	(157,836)	(167,679)	(568,630)	(312,674)
Interest expense
LOSS BEFORE INCOME TAX	(157,836)	(167,679)	(568,630)	(312,674)
Other income/(expense):
Other income	12,056	238	23,537	238
Income tax expense
NET LOSS	(145,780)	(167,441)	(545,093)	(312,436)
Other comprehensive loss
Foreign currency translation loss	1	(1)	1	(1)
COMPREHENSIVE LOSS	$ (145,779)	$ (167,442)	$ (545,092)	$ (312,437)
Net loss per share - Basic and diluted	$ (0.00)	$ (0.00)	$ (0.01)	$ (0.01)
Weighted average number of common shares outstanding - Basic and diluted	104,665,770	102,275,395	104,665,770	102,275,395

XML

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (545,093)	$ (312,436)
Adjustments to reconcile net loss to net cash used in operating activities:
Shares issued for mobile application development cost	195,187
Impairment loss on investment	102,564
Depreciation and Amortization	4,235	5,711
Changes in operating assets and liabilities:
Prepayments, deposits & other receivables	26,153	(13,778)
Amount due from related companies		80,000
Amount due to director		24,690
Accounts payable and accrued liabilities	(12,671)	39,229
Amount due to a related company		15,263
Net cash used in operating activities	(229,624)	(161,322)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment		(22,745)
Investment in subsidiaries	(102,564)
Net cash used in investing activities	(102,564)	(22,745)
CASH FLOWS FROM FINANCING ACTIVITIES:
Loan from related parties	878
Advances to director	487
Note receivable	(50,000)
Subscription receivable		20,080
Net cash provided by financing activities	(48,635)	20,080
Effect of exchange rate changes on cash and cash equivalents	(1)	1
Net decrease in cash and cash equivalents	(380,824)	(163,986)
Cash and cash equivalents, beginning of period	839,323	394,096
CASH AND CASH EQUIVALENTS, END OF PERIOD	458,499	230,110
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes
Cash paid for interest paid

XML

Organization and Business Background

6 Months Ended

Feb. 28, 2019

Accounting Policies [Abstract]

Organization and Business Background

1. ORGANIZATION AND BUSINESS BACKGROUND

Leader Capital Holdings Corp. was incorporated on March 22, 2017 under the laws of the state of Nevada.

The Company, through its subsidiaries, mainly engages in the provision of investment platform services with the use of a mobile application.

Company name	Place/date of incorporation	Principal activities
1. Leader Financial Group Limited	Seychelles / March 6, 2017	Investment Holding
2. JFB Internet Service Limited	Hong Kong / July 6, 2017	Provide an Investment platform

We are a development-stage company with a fiscal year end of August 31. At this moment, we operate exclusively through our wholly owned subsidiaries Leader Financial Group Limited and JFB Internet Service Limited and share the same business plan of our subsidiaries which is to provide services through a mobile application investment platform.

Leader Capital Holdings Corp. and its subsidiaries are hereinafter referred to as the “Company”.

XML

Summary of Significant Accounting Policies

6 Months Ended

Feb. 28, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The consolidated financial statements for Leader Capital Holdings Corp. and its subsidiaries are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Leader Capital Holdings Corp. and its wholly owned subsidiaries, Leader Financial Group Limited and JFB Internet Service Limited. Intercompany accounts and transactions have been eliminated in consolidation. The Company has adopted August 31 as its fiscal year end.

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended February 28, 2019, the Company incurred a net loss of $ 545,093 and used cash in operating activities of $229,624.

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company’s profit generating operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. In the event that we require additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the shareholder has indicated the intent and ability to provide additional financing.

No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing.

Use of estimates

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Software Development Costs

The Company expense software development costs, including costs to develop software products or the software component of products to be marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products and as a result, development costs that meet the criteria for capitalization were not material for the periods presented.

We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. Costs capitalized for developing such software applications were not material for the periods presented.

Revenue recognition

Rental income

Revenue from rental of leasehold land and buildings are recognized on a straight-line basis over the lease term when collectability is reasonably assured and the tenant has taken possession or controls the physical use of the leased assets. The Company leases its commercial office in Taipei under non-cancelable operating leases with terms of 31 months to a related party which is Greenpro LF Limited, a Seychelles company, owned by Mr. Lin Yi-Hsiu, the director of the Company and Mr. Lee Chong Kuang.

Plant and equipment

Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational:

	Expected useful life
Furniture and fixture		3
Leasehold improvement		3

Intangible asset

All of our intangible assets are subject to amortization and are amortized using the straight-line method over their estimated period of benefit which is 5 years.

The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets’ carrying amounts. There was no impairment losses recorded on intangible assets for the period ended February 28, 2019.

Income taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

The Company conducts major businesses in Hong Kong. The Company is subject to tax in Hong Kong jurisdictions. As a result of its business activities, the Company will file tax returns that are subject to examination by the Hong Kong tax authority.

Net income/(loss) per share

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.

The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Seychelles and Hong Kong maintains its books and record in United States Dollars (“US$”) and Hong Kong Dollars (“HK$”) respectively, and Hong Kong Dollars is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statement of retained earnings.

Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the period ended February 28, 2019		As of and for the period ended August 31, 2018
Year-end / average HK$ : US$1 exchange rate		7.80		7.80

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Fair value of financial instruments:

The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable and accrued liabilities and amount due to a director approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Recent accounting pronouncements

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement. The new guidance modifies disclosure requirements related to fair value measurement. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Implementation on a prospective or retrospective basis varies by specific disclosure requirement. Early adoption is permitted. The standard also allows for early adoption of any removed or modified disclosures upon issuance of this ASU while delaying adoption of the additional disclosures until their effective date.

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

XML

Other Investment

6 Months Ended

Feb. 28, 2019

Other Investment

Other Investment

3. OTHER INVESTMENT

At November 30, 2018, the Company had an investment in Leader Financial Asset Management Limited of $102,564, which is 6.25% of the equity interest of Leader Financial Asset Management Limited and is accounted for under the cost method of accounting. Leader Financial Asset Management Limited is a company incorporated in Hong Kong and is 59.38% and 31.25% owned by the Company’s director Lin Yi-Hsiu and Cheng Shui Fung respectively. The Company performed an impairment test on the investment and expect that will not to generate revenues in the near future. The impairment losses of other investment were $102,564 for the period ended February 28, 2019.

XML

Plant and Equipment, Net

6 Months Ended

Feb. 28, 2019

Property, Plant and Equipment [Abstract]

Plant and Equipment, Net

4. PLANT AND EQUIPMENT, NET

Plant and equipment as of February 28, 2019 are summarized below:

	As of and for the period ended February 28, 2019			As of and for the period ended August 31, 2018
Furniture & fixtures	$	3,911		$	3,911
Office equipment		5,319			5,319
Leasehold improvement		16,178			16,178
Total		25,408			25,408
Less: Accumulated depreciation		(11,057	)		(6,822	)
Plant and Equipment , net	$	14,351		$	18,586

Depreciation expense, classified as operating expenses, was $4,235 for the six months ended February 28, 2019.

XML

Related Party Transactions

6 Months Ended

Feb. 28, 2019

Related Party Transactions [Abstract]

Related Party Transactions

5. RELATED PARTY TRANSACTIONS

	Six month ended February 28, 2019		Year ended August 31, 2018
Professional fee:
- Related Party A	$	8,800	$	192,364
Other Income:
- Related Party B		22,707		18,923
Total		31,507		211,287

Related party A is Greenpro Financial Consulting Limited. Directors of related party A are the investment managers of Greenpro Asia Strategic SPC-Greenpro Asia Strategic SP, Mr. Lee Chong Kuang and Mr. Loke Che Chan. This fee will be due to related party A upon receipt of an invoice. Related party A provides professional services to the company.

The Company incurred professional fees $8,800 and $192,364 for the Six months ended February 28, 2019 and for the year ended August 31, 2018 respectively.

Related Party B is Greenpro LF Limited. Directors of related party B are Mr. Lin Yi-Hsiu, the director of the Company and Mr. Lee Chong Kuang.The Company leases its commercial office in Taipei under non-cancelable operating leases with terms of 31months.

The Company received $22,707 and $18,923 rental income from related party B for the Six months period ended February 28, 2019 and for the year ended August 31, 2018 respectively.

XML

Notes Receivable

6 Months Ended

Feb. 28, 2019

Receivables [Abstract]

Notes receivable

6. NOTES RECEIVABLE

On February 13,2019 the Company entered into a loan agreement with Kurrency Technology Holding Limited. (“Kurrency”) and loaned Kurrency $50,000. The loan is unsecured, bears interest at 8% per annum, and is due on May 31, 2019. The Company made the loan to Kurrency as part of the Company’s plans to expand its business in software technology.

XML

Prepayments, Deposits and Other Receivables

6 Months Ended

Feb. 28, 2019

Receivables [Abstract]

Prepayments, Deposits and Other Receivables

7. PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES

	Six month ended February 28, 2019		Year ended August 31, 2018
Long-term Deposit	-		9,960
Short-term Deposit		59,496		39,756
Prepaid expense and other receivables		13,635		49,748
	$	73,131		99,464

As of February 28, 2019, the balance $73,131 represented an outstanding deposit and other receivable which included rental deposit and management fee deposit. The prepaid expense is the prepaid transfer agent fee.

XML

Accrued Expenses and Other Payables

6 Months Ended

Feb. 28, 2019

Payables and Accruals [Abstract]

Accrued Expenses and Other Payables

8. ACCRUED EXPENSES AND OTHER PAYABLES

	Six month ended February 28, 2019		Year ended August 31, 2018
Accrued expenses	$	37,344		50,015
Unearned income		27,000		27,000
	$	64,344		77,015

As of February 28, 2019, the balance $64,344 represented an outstanding payable which included accrued expenses and unearned income. The unearned income is the upfront fee $27,000 which allocated to the whole contract term. The Company signed a service agreement with a third party which acts as agent to promote and sale the investment platform. The third party needs to pay an upfront fee and shares 30% of its profit to the Company. The accrued expenses is the accrued salary expenses.

XML

Amount Due from Director

6 Months Ended

Feb. 28, 2019

Amount Due From Director

Amount Due from Director

9. AMOUNT DUE FROM DIRECTOR

As of February 28, 2019, the balance $714 represented an outstanding loan from the Company’s director, Lin Yi-Hsiu. It is unsecured, interest-free with no fixed payment term, for loan purpose.

XML

Common Stock

6 Months Ended

Feb. 28, 2019

Equity [Abstract]

Common Stock

10. COMMON STOCK

On March 22, 2017, the company issued 100,000 shares of restricted common stock, each with a par value of $0.0001 per share, to Mr. Lin for initial working capital of $10.

On June 16, 2017, the company issued 83,000,000, 5,000,000, 7,000,000 and 5,000,000 shares of restricted common stock to First Leader Capital Ltd., CPN Investment Ltd., Cheng Shui Fung and Greenpro Asia Strategic SPC respectively, each with par value of $0.0001 per share, for additional working capital of $10,000.

In July 2017 the Company sold shares to 22 shareholders, all of which reside in China, Hong Kong and Taiwan. A total of 1,474,995 shares of restricted common stock were sold at a price of $0.20 per share. The total proceeds to the Company amounted to a total of $294,999. The proceeds will be used as working capital.

In August 2017 the Company sold shares to 8 shareholders, all of which reside in China, Hong Kong and Taiwan. A total of 700,400 shares of restricted common stock were sold at a price of $0.20 per share. The proceeds will be used as working capital.

In May 2018, the Company has issued 2,000,000 shares of common stock in the initial public offering at a price of $0.50 per share and received $1,000,000.

On September 1, 2018, the Company appointed a Taiwan company to develop a mobile application which costs TWD20,000,000 (USD651,466). As consideration thereof, the Company will issue 390,375 restricted shares of our common stock which was $0.5 per share.

As of February 28, 2019, there are 104,665,770 shares of common stock issued and outstanding. There are no shares of preferred stock issued and outstanding.

XML

Commitments and Contingencies

6 Months Ended

Feb. 28, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

11. COMMITMENTS AND CONTINGENCIES

During the period ended February 28, 2019, the Company entered into an agreement with an independent third party to lease office premises in Taiwan on a monthly basis, for the operations of the Company. The rental expense for the period ended February 28, 2019 was $57,899. The Company plans to use these three offices for business development in different locations.

As of February 28, 2019, the Company has the aggregate minimal rent payments due in the next four years as follow.

Year ending August 31,
2019	$	71,855
2020		41,807
2021		6,300

XML

Subsequent Events

6 Months Ended

Feb. 28, 2019

Subsequent Events [Abstract]

Subsequent Events

12. SUBSEQUENT EVENTS

On September 1, 2018, the Company appointed a Taiwan company to develop a mobile application which costs TWD20,000,000 (~$650,618) and will pay in four installments. The company will pay 30% upon signed the agreement, 40% after the basic set up of the mobile application, 20% after completed and tested all set up of the mobile application and 10% after 6 month’s stable operation. on September 1, 2018, as consideration thereof The Company issued 390,375 restricted shares of our common stock which was $0.5 per share.

On March 1, 2019, the Company should issue 518,303 restricted shares of our common stock which was $0.5 per share for the second payment which should be paid when completed the basic set up of the mobile application. The Company issued 308,514 restricted shares of our common stock on March 1,2019 and the Company will issue remaining 209,789 restricted shares of our common stock to the Taiwan company.

XML

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Feb. 28, 2019

Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation

The consolidated financial statements for Leader Capital Holdings Corp. and its subsidiaries are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and include the accounts of Leader Capital Holdings Corp. and its wholly owned subsidiaries, Leader Financial Group Limited and JFB Internet Service Limited. Intercompany accounts and transactions have been eliminated in consolidation. The Company has adopted August 31 as its fiscal year end.

Going Concern

Going Concern

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the period ended February 28, 2019, the Company incurred a net loss of $ 545,093 and used cash in operating activities of $229,624.

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company’s profit generating operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. In the event that we require additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the shareholder has indicated the intent and ability to provide additional financing.

No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing.

Use of Estimates

Use of estimates

Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.

Cash and Cash Equivalents

Cash and cash equivalents

Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Software Development Costs

Software Development Costs

The Company expense software development costs, including costs to develop software products or the software component of products to be marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products and as a result, development costs that meet the criteria for capitalization were not material for the periods presented.

We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. Costs capitalized for developing such software applications were not material for the periods presented.

Revenue Recognition

Revenue recognition

Rental income

Revenue from rental of leasehold land and buildings are recognized on a straight-line basis over the lease term when collectability is reasonably assured and the tenant has taken possession or controls the physical use of the leased assets. The Company leases its commercial office in Taipei under non-cancelable operating leases with terms of 31 months to a related party which is Greenpro LF Limited, a Seychelles company, owned by Mr. Lin Yi-Hsiu, the director of the Company and Mr. Lee Chong Kuang.

Plant and Equipment

Plant and equipment

Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational:

	Expected useful life
Furniture and fixture		3
Leasehold improvement		3

Intangible Asset

Intangible asset

All of our intangible assets are subject to amortization and are amortized using the straight-line method over their estimated period of benefit which is 5 years.

The Company follows ASC Topic 350 in accounting for intangible assets, which requires impairment losses to be recorded when indicators of impairment are present and the undiscounted cash flows estimated to be generated by the assets are less than the assets’ carrying amounts. There was no impairment losses recorded on intangible assets for the period ended February 28, 2019.

Income Taxes

Income taxes

Income taxes are determined in accordance with the provisions of ASC Topic 740, “Income Taxes” (“ASC Topic 740”). Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Any effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.

The Company conducts major businesses in Hong Kong. The Company is subject to tax in Hong Kong jurisdictions. As a result of its business activities, the Company will file tax returns that are subject to examination by the Hong Kong tax authority.

Net Income/(Loss) Per Share

Net income/(loss) per share

The Company calculates net income/(loss) per share in accordance with ASC Topic 260, “Earnings per Share.” Basic income/(loss) per share is computed by dividing the net income/(loss) by the weighted-average number of common shares outstanding during the period. Diluted income per share is computed similar to basic income/(loss) per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common stock equivalents had been issued and if the additional common shares were dilutive.

Foreign Currencies Translation

Foreign currencies translation

Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations.

The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Seychelles and Hong Kong maintains its books and record in United States Dollars (“US$”) and Hong Kong Dollars (“HK$”) respectively, and Hong Kong Dollars is functional currency as being the primary currency of the economic environment in which the entity operates.

In general, for consolidation purposes, assets and liabilities of its subsidiary whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statement of retained earnings.

Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the period ended February 28, 2019		As of and for the period ended August 31, 2018
Year-end / average HK$ : US$1 exchange rate		7.80		7.80

Related Parties

Related parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Fair Value of Financial Instruments

Fair value of financial instruments:

The carrying value of the Company’s financial instruments: cash and cash equivalents, prepayment, deposits, accounts payable and accrued liabilities and amount due to a director approximate at their fair values because of the short-term nature of these financial instruments.

The Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Recent Accounting Pronouncements

Recent accounting pronouncements

In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement. The new guidance modifies disclosure requirements related to fair value measurement. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Implementation on a prospective or retrospective basis varies by specific disclosure requirement. Early adoption is permitted. The standard also allows for early adoption of any removed or modified disclosures upon issuance of this ASU while delaying adoption of the additional disclosures until their effective date.

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

XML

Organization and Business Background (Tables)

6 Months Ended

Feb. 28, 2019

Accounting Policies [Abstract]

Schedule of Subsidiaries of Company

The Company, through its subsidiaries, mainly engages in the provision of investment platform services with the use of a mobile application.

Company name	Place/date of incorporation	Principal activities
1. Leader Financial Group Limited	Seychelles / March 6, 2017	Investment Holding
2. JFB Internet Service Limited	Hong Kong / July 6, 2017	Provide an Investment platform

XML

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Feb. 28, 2019

Accounting Policies [Abstract]

Schedule of Plant and Equipment Useful Lives

Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational:

	Expected useful life
Furniture and fixture		3
Leasehold improvement		3

Schedule of Foreign Currency Translation

Translation of amounts from HK$ into US$1 has been made at the following exchange rates for the respective periods:

	As of and for the period ended February 28, 2019		As of and for the period ended August 31, 2018
Year-end / average HK$ : US$1 exchange rate		7.80		7.80

XML

Plant and Equipment, Net (Tables)

6 Months Ended

Feb. 28, 2019

Property, Plant and Equipment [Abstract]

Schedule of Plant and Equipment, Net

Plant and equipment as of February 28, 2019 are summarized below:

	As of and for the period ended February 28, 2019			As of and for the period ended August 31, 2018
Furniture & fixtures	$	3,911		$	3,911
Office equipment		5,319			5,319
Leasehold improvement		16,178			16,178
Total		25,408			25,408
Less: Accumulated depreciation		(11,057	)		(6,822	)
Plant and Equipment , net	$	14,351		$	18,586

XML

Related Party Transactions (Tables)

6 Months Ended

Feb. 28, 2019

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

	Six month ended February 28, 2019		Year ended August 31, 2018
Professional fee:
- Related Party A	$	8,800	$	192,364
Other Income:
- Related Party B		22,707		18,923
Total		31,507		211,287

XML

Prepayments, Deposits and Other Receivables (Tables)

6 Months Ended

Feb. 28, 2019

Receivables [Abstract]

Schedule of Prepayments, Deposits and Other Receivables

	Six month ended February 28, 2019		Year ended August 31, 2018
Long-term Deposit	-		9,960
Short-term Deposit		59,496		39,756
Prepaid expense and other receivables		13,635		49,748
	$	73,131		99,464

XML

Accrued Expenses and Other Payables (Tables)

6 Months Ended

Feb. 28, 2019

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Payables

	Six month ended February 28, 2019		Year ended August 31, 2018
Accrued expenses	$	37,344		50,015
Unearned income		27,000		27,000
	$	64,344		77,015

XML

Commitments and Contingencies (Tables)

6 Months Ended

Feb. 28, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Lease Minimum Rent Payments

As of February 28, 2019, the Company has the aggregate minimal rent payments due in the next four years as follow.

Year ending August 31,
2019	$	71,855
2020		41,807
2021		6,300

XML

Organization and Business Background - Schedule of Subsidiaries of Company (Details)	6 Months Ended
	Feb. 28, 2019
Leader Financial Group Limited [Member]
Company name	Leader Financial Group Limited
Place/date of incorporation	Seychelles / March 6, 2017
Principal activities	Investment Holding
JFB Internet Service Limited [Member]
Company name	JFB Internet Service Limited
Place/date of incorporation	Hong Kong / July 6, 2017
Principal activities	Provide an Investment platform

XML

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Net loss	$ (145,780)	$ (167,441)	$ (545,093)	$ (312,436)
Cash in operating activities			$ (229,624)	$ (161,322)
Intangible assets useful life			5 years
Impairment losses of intangible assets
Percentage of likelihoood, description			Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts.
Greenpro LF Limited [Member]
Operating lease term	31 months		31 months

XML

Summary of Significant Accounting Policies - Schedule of Plant and Equipment Useful Lives (Details)	6 Months Ended
	Feb. 28, 2019
Furniture and Fixture [Member]
Plant and equipment expected useful lives	3 years
Leasehold Improvement [Member]
Plant and equipment expected useful lives	3 years

XML

Summary of Significant Accounting Policies - Schedule of Foreign Currency Translation (Details)	Feb. 28, 2019	Aug. 31, 2018
Year-End/Average HK [Member]
Foreign currency translation exchange rate	7.80	7.80

XML

Summary of Significant Accounting Policies - Schedule of Foreign Currency Translation (Details) (Parenthetical) - USD ($)	6 Months Ended	12 Months Ended
	Feb. 28, 2019	Aug. 31, 2018
Year-End/Average HK [Member]
Exchange rate	$ 1	$ 1

XML

Other Investment (Details Narrative)	6 Months Ended
	Feb. 28, 2019 USD ($)
Investment	$ 102,564
Equity interest percentage	6.25%
Impairment loss	$ 102,564
Lin Yi-Hsiu [Member]
Equity interest percentage	59.38%
Cheng Shui Fung [Member]
Equity interest percentage	31.25%

XML

Plant and Equipment, Net (Details Narrative)	6 Months Ended
	Feb. 28, 2019 USD ($)
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 4,235

XML

Plant and Equipment, Net - Schedule of Plant and Equipment, Net (Details) - USD ($)	Feb. 28, 2019	Aug. 31, 2018
Total	$ 25,408	$ 25,408
Less: Accumulated depreciation	(11,057)	(6,822)
Plant and Equipment, net	5,813	18,586
Furniture and Fixture [Member]
Total	3,911	3,911
Office Equipment [Member]
Total	5,319	5,319
Leasehold Improvement [Member]
Total	$ 16,178	$ 16,178

XML

Related Party Transactions (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Feb. 28, 2019	Aug. 31, 2018
Related Party A [Member]
Professional fees	$ 8,800	$ 192,364
Related Party B [Member]
Rental income	$ 22,707	$ 18,923

XML

Related Party Transactions - Schedule of Related Party Transactions (Details) - USD ($)	6 Months Ended	12 Months Ended
	Feb. 28, 2019	Aug. 31, 2018
Total	$ 31,507	$ 211,287
Related Party A [Member]
Professional fees	8,800	192,364
Related Party B [Member]
Other Income	$ 22,707	$ 18,923

XML

Notes Receivable (Details Narrative) - USD ($)	Feb. 13, 2019	Feb. 28, 2019	Aug. 31, 2018
Notes receivable		$ 50,000
Loan Agreement [Member] | Kurrency Technology Holding Limited. [Member]
Notes receivable	$ 50,000
Debt interest rate	8.00%
Debt instrument maturity date	May 31, 2019

XML

Prepayments, Deposits and Other Receivables (Details Narrative)	Feb. 28, 2019 USD ($)
Receivables [Abstract]
Deposits and other receivables	$ 73,131

XML

Prepayments, Deposits and Other Receivables - Schedule of Prepayments, Deposits and Other Receivables (Details) - USD ($)	Feb. 28, 2019	Aug. 31, 2018
Receivables [Abstract]
Long-term Deposit		$ 9,960
Short-term Deposit	59,496	39,756
Prepaid expense and other receivables	13,635	49,748
Deposits and other receivables	$ 73,131	$ 99,464

XML

Accrued Expenses and Other Payables (Details Narrative)	6 Months Ended
	Feb. 28, 2019 USD ($)
Payables and Accruals [Abstract]
Outstanding payable	$ 64,344
Upfront fee	$ 27,000
Share profit, percentage	30.00%

XML

Accrued Expenses and Other Payables - Schedule of Accrued Expenses and Other Payables (Details) - USD ($)	Feb. 28, 2019	Aug. 31, 2018
Payables and Accruals [Abstract]
Accrued expenses	$ 37,344	$ 50,015
Unearned income	27,000	27,000
Accrued expenses and other payables	$ 64,344	$ 77,015

XML

Amount Due from Director (Details Narrative)	Feb. 28, 2019 USD ($)
Lin Yi-Hsiu [Member]
Amount due from director	$ 714

XML

Common Stock (Details Narrative)						1 Months Ended
	Sep. 02, 2018 $ / shares shares	Sep. 02, 2018 USD ($) $ / shares	Sep. 02, 2018 TWD ($)	Jun. 16, 2017 USD ($) $ / shares shares	Mar. 22, 2017 USD ($) $ / shares shares	May 31, 2018 USD ($) $ / shares shares	Aug. 31, 2017 $ / shares shares	Jul. 31, 2017 USD ($) $ / shares shares	Feb. 28, 2019 $ / shares shares	Aug. 31, 2018 $ / shares shares
Common stock par value | $ / shares									$ 0.0001	$ 0.0001
Common stock, shares issued									104,665,770	104,275,395
Common stock, shares outstanding									104,665,770	104,275,395
Preferred stock, shares issued
Preferred stock, shares outstanding
Taiwan Company [Member]
Mobile application development costs | $		$ 651,466
IPO [Member]
Issuance of common stock						2,000,000
Stock issued price per shares | $ / shares						$ 0.50
Issuance common stock, value | $						$ 1,000,000
Restricted Stock [Member] | Taiwan Company [Member]
Issuance of common stock	390,375
Stock issued price per shares | $ / shares	$ 0.5	$ 0.5
TWD [Member] | Taiwan Company [Member]
Mobile application development costs | $			$ 20,000,000
Mr. Lin [Member] | Restricted Stock [Member]
Number of common stock shares issued for initial working capital					100,000
Common stock par value | $ / shares					$ 0.0001
Number of common stock issued for initial working capital value | $					$ 10
First Leader Capital Ltd [Member] | Restricted Stock [Member]
Number of common stock shares issued for initial working capital				83,000,000
Common stock par value | $ / shares				$ 0.0001
Number of common stock issued for initial working capital value | $				$ 10,000
CPN Investment Ltd [Member] | Restricted Stock [Member]
Number of common stock shares issued for initial working capital				5,000,000
Common stock par value | $ / shares				$ 0.0001
Number of common stock issued for initial working capital value | $				$ 10,000
Cheng Shui Fung [Member] | Restricted Stock [Member]
Number of common stock shares issued for initial working capital				7,000,000
Common stock par value | $ / shares				$ 0.0001
Number of common stock issued for initial working capital value | $				$ 10,000
Greenpro Asia Strategic SPC [Member] | Restricted Stock [Member]
Number of common stock shares issued for initial working capital				5,000,000
Common stock par value | $ / shares				$ 0.0001
Number of common stock issued for initial working capital value | $				$ 10,000
22 Shareholders [Member] | Restricted Stock [Member]
Number of common stock sold								1,474,995
Sale of stock price per share | $ / shares								$ 0.20
Number of common stock sold, value | $								$ 294,999
8 Shareholders [Member] | Restricted Stock [Member]
Number of common stock sold							700,400
Sale of stock price per share | $ / shares							$ 0.20

XML

Commitments and Contingencies (Details Narrative)	6 Months Ended
	Feb. 28, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 57,899

XML

Commitments and Contingencies - Schedule of Operating Lease Minimum Rent Payments (Details)	Feb. 28, 2019 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 71,855
2020	41,807
2021	$ 6,300

XML

Subsequent Events (Details Narrative) - Taiwan Company [Member]	Mar. 01, 2019 $ / shares shares	Sep. 02, 2018 $ / shares shares	Sep. 02, 2018 USD ($) Installments $ / shares	Sep. 02, 2018 TWD ($) Installments
Mobile application development costs | $			$ 650,618
Mobile application installment payments, description			The company will pay 30% upon signed the agreement, 40% after the basic set up of the mobile application, 20% after completed and tested all set up of the mobile application and 10% after 6 month's stable operation.	The company will pay 30% upon signed the agreement, 40% after the basic set up of the mobile application, 20% after completed and tested all set up of the mobile application and 10% after 6 month's stable operation.
TWD [Member]
Mobile application development costs | $			$ 20,000,000
Number of installment | Installments			4	4
Mobile application development costs | $			$ 651,466
Subsequent Event [Member]
Issuance of common stock | shares	308,514
TWD [Member]
Mobile application development costs | $				$ 20,000,000
Restricted Stock [Member]
Issuance of common stock | shares		390,375
Stock issued price per shares | $ / shares		$ 0.5	$ 0.5
Restricted Stock [Member] | Subsequent Event [Member]
Issuance of common stock | shares	209,789
Second Payment [Member] | Subsequent Event [Member]
Issuance of common stock | shares	518,303
Stock issued price per shares | $ / shares	$ 0.5