COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Feb. 28, 2022

Commitments and Contingencies Disclosure [Abstract]

SCHEDULE OF OPERATING LEASE MINIMUM RENT PAYMENTS

The following table lists the future minimal payments to be paid by the Company under a non-cancellable operating lease for office space in Taiwan with an initial term of one-year as of February 28, 2022:

Year ending February 28,
2023	$	4,565
2024		-
2025		-
2026		-

SCHEDULE OF COMPONENTS OF LEASE COSTS, LEASE TERM AND DISCOUNT RATE

The components of lease costs, lease term and discount rate with respect of leases with an initial term of at least 12 months are as follows:

	For the six months ended
	February 28, 2022			February 28, 2021
Operating lease cost – classified as general and administrative expenses	$	176,635		$	150,916
Weighted Average Remaining Lease Term – Operating leases		1.43 years			1.32 years
Weighted Average Discounting Rate – Operating leases		5.42	%		5.75	%

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

The following is a schedule, by years, of maturities of lease liabilities as of February 28, 2022:

	Operating leases
2023	$	257,483
2024		120,431
2025		-
2026		-
2027		-
Thereafter		-
Total undiscounted cash flows		377,914
Less: imputed interest		(52,986	)
Present value of lease liabilities	$	324,928