XML 44 R36.htm IDEA: XBRL DOCUMENT v3.23.2
INCOME TAXES (Tables)
6 Months Ended
Feb. 28, 2023
Income Tax Disclosure [Abstract]  
SCHEDULE OF INCOME/(LOSS) BEFORE INCOME TAXES

For the period ended February 28, 2023 and 2022, the local (United States) and foreign components of loss before income tax were comprised of the following:

 

   February 28, 2023   February 28, 2022   February 28, 2023   February 28, 2022 
   Six months ended   Three months ended 
   February 28, 2023   February 28, 2022   February 28, 2023   February 28, 2022 
Tax jurisdictions from:                    
- Local  $(457,623)  $(2,375,752)  $(349,474)  $(1,450,149)
- Foreign, representing                    
Seychelles   -    -    -    - 
British Virgin Islands   (1,399)   (1,855)   (255)   (298)
Taiwan   (437,102)   (1,251,440)   (134,125)   (567,529)
PRC   (337,557)   (254,628)   (131,628)   (135,191)
Hong Kong   (208,857)   (621,575)   (107,983)   (228,714)
Loss before income tax   (1,446,003)   (4,505,250)   (726,930)   (2,381,881)
SCHEDULE OF COMPONENTS OF PROVISION BENEFIT FOR INCOME TAXES

The components of the benefit for income taxes expenses are:

 

   February 28, 2023   February 28, 2022   February 28, 2023   February 28, 2022 
   Six months ended   Three months ended 
   February 28, 2023   February 28, 2022   February 28, 2023   February 28, 2022 
Current  $         -   $-   $-   $- 
Deferred   -    (8,964)   -    (4,482)
Total income tax benefit  $-   $(8,964)  $-   $(4,482)
SCHEDULE OF PROVISION FOR INCOME TAXES

The benefit for income taxes consisted of the following:

 

   February 28, 2023   February 28, 2022   February 28, 2023   February 28, 2022 
   Six months ended   Three months ended 
   February 28, 2023   February 28, 2022   February 28, 2023   February 28, 2022 
Loss before income taxes  $(1,446,003)   (4,505,250)   (726,930)  $(2,381,881)
Statutory income tax rate   21%   21%   21%   21%
Income tax credit computed at statutory income rate   (302,933)   (946,103)   (151,928)   (400,195)
Reconciling items:                    
Non-deductible expenses   53,183    311,315    5,280    256,929 
Share-based payments   92,867    222,771    56,467    47,373 
Tax effect of tax exempt entity   294    390    54    63 
Rate differential in different tax jurisdictions   (9,006)   15,988    (5,678)   7,410 
Valuation allowance on deferred tax assets   165,595    386,675    95,805    183,938 
Income tax benefit  $-   $(8,964)  $-   $(4,482)
SCHEDULE OF DEFERRED TAX ASSETS

   February 28, 2023   August 31, 2022 
Deferred tax assets:          
Net operating loss carryforwards          
– United States of America  $(503,798)  $(500,564)
– Taiwan   (776,741)   (699,772)
– PRC   (697,724)   (600,648)
– Hong Kong   -    - 
Less: valuation allowance   1,978,263    1,800,984 
Deferred tax assets, net of valuation allowance  $-   $-