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Condensed Consolidated Balance Sheets - USD ($)
Feb. 28, 2022
Aug. 31, 2021
Current assets:    
Cash and cash equivalents $ 157,571 $ 787,154
Accounts receivable 2,527 1,567
Prepayments, deposits and other receivables 250,642 231,715
Inventory 11,186 1,128
Total current assets 421,926 1,021,564
Non-current assets    
Plant and equipment, net 76,081 69,760
Intangible assets 587,238 630,809
Goodwill 1,747,945 1,747,945
Operating lease right-of-use assets, net 324,928 352,354
Prepayments, deposits and other receivables 25,923 102,339
Total non-current assets 2,762,115 2,903,207
TOTAL ASSETS 3,184,041 3,924,771
Current liabilities    
Accrued expenses and other payables 610,558 374,269
Contract liabilities 2,853 16,225
Operating lease liability, current 238,267 292,024
Bonds payable 600,000 600,000
Convertible notes payable to related parties 518,000 108,000
Loan from a shareholder 158,000
Due to shareholders 202,663 53,791
Due to a director 978,636 1,098,374
Total current liabilities 3,308,977 2,542,683
Non-current liabilities    
Operating lease liability, non-current 86,661 60,331
Deferred tax liabilities 116,538 125,502
Convertible notes payable to related parties 882,000
Total non-current liabilities 203,199 1,067,833
TOTAL LIABILITIES 3,512,176 3,610,516
COMMITMENTS AND CONTINGENCIES (Note 14)
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; 167,959,219 and 157,949,219 shares issued and outstanding as of February 28, 2022 and August 31, 2021, respectively 16,796 15,795
Additional paid-in capital 27,312,453 23,470,641
Accumulated other comprehensive income (160,031) (171,114)
Accumulated deficits (27,497,353) (23,001,067)
TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY (328,135) 314,255
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY $ 3,184,041 $ 3,924,771