Cover
Cover - USD ($) | 12 Months Ended | ||
Aug. 31, 2022 | Oct. 24, 2022 | Feb. 28, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Aug. 31, 2022 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Current Fiscal Year End Date | --08-31 | ||
Entity File Number | 000-54013 | ||
Entity Registrant Name | QUALITY ONLINE EDUCATION GROUP INC. | ||
Entity Central Index Key | 0001439237 | ||
Entity Tax Identification Number | 42-1743717 | ||
Entity Incorporation, State or Country Code | DE | ||
Entity Address, Address Line One | Unit 1 | ||
Entity Address, Address Line Two | 60 Riviera Dr. | ||
Entity Address, City or Town | Markham | ||
Entity Address, State or Province | ON | ||
Entity Address, Country | CA | ||
Entity Address, Postal Zip Code | L3R 5M1 | ||
City Area Code | 905 | ||
Local Phone Number | 882-1585 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 0 | ||
Entity Common Stock, Shares Outstanding | 1,749,903,669 | ||
Auditor Name | BF Borgers CPA PC | ||
Auditor Firm ID | 5041 | ||
Auditor Location | Lakewood, CO |
AUDITED CONSOLIDATED STATEMENT
AUDITED CONSOLIDATED STATEMENT OF BALANCE SHEET | Aug. 31, 2022 USD ($) | Aug. 31, 2021 USD ($) |
Current Assets: | ||
Cash | $ 179,895 | $ 104,415 |
Account receivables | 41,006 | |
Other receivables | 70,274 | |
Prepayments and other current assets | 43,003 | |
Total current assets | 220,901 | 217,692 |
Long term prepaid expense | 31,948 | |
Intangible assets | 759,266 | 1,003,535 |
Property, plant and equipment, net | 3,593 | 16,717 |
Total Assets | 983,760 | 1,269,892 |
Current Liabilities: | ||
Accounts Payable | 182,096 | 12,315 |
Receipt in advance | 1,400,427 | 950,358 |
Third party loan payable | 20,194 | 48,969 |
Assets acquisition payable | 114,408 | 293,802 |
Due to related party | 140,764 | 130,645 |
Accrued liabilities and other payable | 16,460 | 162,181 |
Taxes payable | 5,596 | |
Total current liabilities | 1,874,349 | 1,603,866 |
Long-term loan | ||
Long-term accounts payable | 91,526 | 95,111 |
Total liabilities | 1,965,875 | 1,698,977 |
Share capital | ||
Preferred shares, $0.0001 par value Issued and outstanding shares - 1,000,000 | 100 | 100 |
Common shares, $0.0001 par value Issued and outstanding shares - 1,749,903,669 | 170,969 | 161,530 |
Exchangeable shares, $0.0001 par value Issued and outstanding shares - 1,207,885,627 | 120,789 | 117,485 |
Additional paid in capital | 7,622,202 | 5,442,572 |
Retained Earnings | (8,888,264) | (6,146,744) |
Accumulated other comprehensive loss | (7,911) | (4,028) |
Total stockholders’ equity | (982,115) | (429,085) |
Total liabilities and stockholders’ equity | $ 983,760 | $ 1,269,892 |
AUDITED CONSOLIDATED STATEMEN_2
AUDITED CONSOLIDATED STATEMENT OF BALANCE SHEET (Parenthetical) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares issued | 1,000,000 | 1,000,000 |
Preferred stock, shares outstanding | 1,000,000 | 1,000,000 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares issued | 1,749,903,669 | 1,749,903,669 |
Common stock, shares outstanding | 1,749,903,669 | 1,749,903,669 |
Exchangeable shares, par value | $ 0.0001 | $ 0.0001 |
Exchangeable shares issued | $ 1,207,885,627 | $ 1,207,885,627 |
Exchangeable shares outstanding | $ 1,207,885,627 | $ 1,207,885,627 |
AUDITED CONSOLIDATED STATEMEN_3
AUDITED CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVEINCOME - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
Income Statement [Abstract] | ||
Revenues | $ 1,677,912 | $ 481,561 |
Total Revenues | 1,677,912 | 481,561 |
Cost of Revenue | 716,488 | 436,196 |
Total Cost of Revenues | 716,488 | 436,196 |
Gross Profit (Loss) | 961,424 | 45,365 |
Operating expenses: | ||
Advertising & Marketing | 67,414 | 59,739 |
Depreciation | 3,599 | 68,842 |
Commission | 412,664 | 82,729 |
Business consulting | 3,962,795 | 30,828 |
Legal & Professional fees | 93,408 | 134,633 |
General & Administrative expenses | 119,447 | 355,178 |
Payroll & Benefits | 92,508 | 1,408,434 |
Total operating expenses | 4,751,835 | 2,140,383 |
Income from Operations | (3,790,411) | (2,095,018) |
Other income: | ||
Other expenses | ||
Other income, net | 1,353 | |
Total other income | 1,353 | |
Income before income taxes | (3,790,411) | (2,093,665) |
Provision for income taxes | ||
Net Income (loss) | (3,790,411) | (2,093,665) |
Foreign currency translation adjustment | ||
Comprehensive income | $ (3,790,411) | $ (2,093,665) |
Earning/(loss) per share - Basic | $ 0 | $ 0 |
Earning/(loss) per share - Diluted | $ 0 | $ 0 |
AUDITED CONSOLIDATED STATEMENTS
AUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands | Preferred Stock [Member] | Exchangeable Shares [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Foreign Currency Translation Gain [Member] | Total |
Beginning balance, value at Aug. 31, 2020 | $ 100 | $ 4,518,826 | $ (4,053,079) | $ (221,896) | $ 243,951 | ||
Beginning balance, shares at Aug. 31, 2020 | 1,000 | 39,204 | |||||
Shares issuance | $ 117,485 | $ 161,530 | 279,015 | ||||
Shares issuance, shares | 1,174,848 | 1,615,304 | |||||
Capital in excess of par value | 923,746 | 923,746 | |||||
Net loss for the period | (2,093,665) | (2,093,665) | |||||
Foreign currency translation gain | 217,868 | 217,868 | |||||
Ending balance, value at Aug. 31, 2021 | $ 100 | $ 117,485 | $ 161,530 | 5,442,572 | (6,146,744) | (4,028) | (429,085) |
Ending balance, shares at Aug. 31, 2021 | 1,000 | 1,174,848 | 1,654,508 | ||||
Effect on VIE termination | 1,048,891 | (98,326) | 950,565 | ||||
Balance, value | $ 100 | $ 117,485 | $ 161,530 | 5,442,572 | (5,097,853) | (102,354) | 521,480 |
Balance, shares | 1,000 | 1,174,848 | 1,654,508 | ||||
Shares issuance | $ 3,304 | $ 9,439 | 12,743 | ||||
Shares issuance, shares | 33,037 | 95,395 | |||||
Capital in excess of par value | 2,179,630 | 2,179,630 | |||||
Net loss for the period | (3,790,411) | (3,790,411) | |||||
Foreign currency translation gain | 94,443 | 94,443 | |||||
Ending balance, value at Aug. 31, 2022 | $ 100 | $ 120,789 | $ 170,969 | $ 7,622,202 | $ (8,888,264) | $ (7,911) | $ (982,115) |
Ending balance, shares at Aug. 31, 2022 | 1,000 | 1,207,885 | 1,749,903 |
AUDITED CONSOLIDATED STATEMEN_4
AUDITED CONSOLIDATED STATEMENT OF CASH FLOW - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
Cash flows from operating activities: | ||
Net Loss | $ (3,790,411) | $ (2,093,665) |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 3,599 | 22,706 |
Accounts receivable & other receivable | (41,006) | (41,994) |
Prepayments and other assets | 145,224 | (52,091) |
Accounts payable | 166,194 | (51,700) |
Accrued expenses and other liabilities | (145,721) | 142,590 |
Advanced from customers | 450,070 | 617,089 |
Tax payable | (5,596) | 4,494 |
Net cash provided by (used in) operating activities | (3,217,647) | (1,452,571) |
Cash flows from investing activities: | ||
Additions to property, plant and equipment | 9,526 | (1,111) |
Additions to intangible assets | 244,270 | 5,980 |
Net cash provided (used in) investing activities | 253,796 | 4,869 |
Cash flows from financing activities: | ||
Due to related party | 10,119 | 80,066 |
Proceeds from third party loan | (208,169) | 7,947 |
Share subscriptions | 2,192,373 | 1,202,761 |
Net cash provided (used in) financing activities | 1,994,323 | 1,290,774 |
Effect of exchange rate changes on cash | 94,443 | 217,868 |
Effect of termination VIE structure | 950,565 | |
Net increase in cash | 75,480 | 60,940 |
Cash, beginning of period | 104,415 | 43,475 |
Cash, end of period | $ 179,895 | $ 104,415 |
NATURE OF BUSINESS
NATURE OF BUSINESS | 12 Months Ended |
Aug. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF BUSINESS | NOTE 1 NATURE OF BUSINESS Quality Online Education Group Inc. (QOEG) is a leading E-learning company which provides comprehensive online lessons to students in different parts of the world. It locates in Toronto of Canada and has one wholly owned subsidiary company: Golden Bridge Human Resources Consulting Inc., an Ontario, Canada, based company provides tutoring services and courseware development services. We are the pioneer and leader of providing real-time online small group classes. We deliver quality education to students and noticeable results from our passionate teachers and teaching assistants. With our Artificial Intelligent system, we combined Education and Entertainment (Edu-tertainment) in part of the learning. It is our mission to develop confidence in our students so they can reach their goals with happiness and efficiency! The main business scope of the Group includes K12 English Online education services, courseware development and Education-technology platform development. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Aug. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 GOING CONCERN The Company’s ability to continue operating as a “going concern” is dependent on its ability to increase revenues and raise sufficient additional working capital. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements have been prepared on a going concern basis, which contemplates realization of assets and liquidation of liabilities in the ordinary course of business. The Company plans to raise additional capital as needed. There can be no assurance that this capital will be available and if is not, the Company may be forced to substantially curtail or cease operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Opinion announced on July 24, 2021 by China’s official state media may lead to policies and regulations that have material impacts on our existing business operations, financial condition, and corporate structure. The Company terminated the VIE contract in September 2021 and entered a new service contract with Tianjin Zhipin Education Technology Co., Ltd as one of the suppliers on global online market research, education consulting and information technology consulting service. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Aug. 31, 2022 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The consolidated financial statements include the accounts of QOEG and its subsidiaries and have been prepared in accordance with generally accepted accounting principles (“GAAP”). All material inter-company accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Financial Statements in U.S. dollars The reporting currency of the Company is the U.S. dollar (“dollar”). The dollar is the functional currency of the Company and the Company’s U.S. subsidiary. The financial statements of the non-US subsidiaries are translated to U.S. dollars using the methods mandated by ASC 830. Cash and Cash Equivalents The Company considers all highly liquid investments originally purchased with maturities of three months or less to be cash equivalents. These financial statements have not been subjected to an audit or review or compilation engagement, and no assurance is provided on them. Revenue Recognition The Company recognizes revenues when persuasive evidence of an arrangement exists, delivery has occurred or services rendered, the sales price of fee is fixed or determinable, and its collectability is reasonably assured. Stock based compensation The Company records stock-based compensation in accordance with the ASC 718 “Shares-Based Compensation” FASB Accounting Standards Classification using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued. Foreign Currency The Company translates the financial statements of our foreign subsidiaries from the local (functional) currencies to U.S. dollars. The rates of exchange at each fiscal year end are used for translating the assets and liabilities and the average monthly rates of exchange for each year are used for the consolidated statements of operations and comprehensive loss. Gains or losses resulting from the translation of the foreign subsidiaries’ financial statements are included in the accompany consolidated balance sheets as a separate component of stockholder’s equity. |
OTHER RECEIVABLES
OTHER RECEIVABLES | 12 Months Ended |
Aug. 31, 2022 | |
Receivables [Abstract] | |
OTHER RECEIVABLES | NOTE 4 OTHER RECEIVABLES Other receivables consist of the following: Schedule of other receivables As of August 31 2021 2022 RMB¥ CAD$ RMB¥ CAD$ Value-Added Tax Input - 24,156 - - Advance to employees 75,300 - - - Prepaid rental & other deposits 222,638 - - - 297,938 24,156 - - The change in RMB¥of Other Receivables was due to the termination of VIE contract with Tianjin Zhipin Education Technology Co., Ltd in September 2021. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 12 Months Ended |
Aug. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
INTANGIBLE ASSETS | NOTE 5 INTANGIBLE ASSETS The company acquired the existing customers and copyright of its teaching and course materials from a third party tutoring business. The company also entered into an endorsement contract with a Canadian celebrity, Christopher Downs, during the years. The intangible assets acquired for the year ended Aug 31, 2021 and Aug 31, 2022 were US$ 1,003,535 759,266 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Aug. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 6 PROPERTY AND EQUIPMENT Major classes of property and equipment at August 31, 2021 and 2022 are as follows: Schedule of property and equipment As of August 31 2021 2022 RMB¥ CAD$ RMB¥ CAD$ Computers & Equipment 209,469 16,301 - 19,316 Furniture & fixtures 24,159 4,575 - 4,575 Total 233,628 20,876 - 23,891 Less: Accumulated depreciation 148,509 13,791 - 18,871 Property & Equipment, net 85,119 7,085 - 5,020 The change in RMB¥of Other Receivables was due to the termination of VIE contract with Tianjin Zhipin Education Technology Co., Ltd in September 2021. |
RECEIPT IN ADVANCE
RECEIPT IN ADVANCE | 12 Months Ended |
Aug. 31, 2022 | |
Receipt In Advance | |
RECEIPT IN ADVANCE | NOTE 7 RECEIPT IN ADVANCE Receipt in advance is amount the company receives from customer before tutoring service is provided to them. The receipt in advance for the year ended Aug 31, 2021 and Aug 31, 2022 were US $ 950,358 1,400,427 |
ASSETS ACQUISITION PAYABLE
ASSETS ACQUISITION PAYABLE | 12 Months Ended |
Aug. 31, 2022 | |
Business Combination and Asset Acquisition [Abstract] | |
ASSETS ACQUISITION PAYABLE | NOTE 8 ASSETS ACQUISITION PAYABLE The company entered into contracts to acquire the existing customers and copyright of its teaching and course materials with a third party tutoring business. It also entered into an endorsement contract with a Canadian celebrity, Christopher Downs. As of Aug 31, 2021, & Aug 31, 2022, the amount outstanding on the contracts were US$ 293,802 114,408 |
DUE TO RELATED PARTY
DUE TO RELATED PARTY | 12 Months Ended |
Aug. 31, 2022 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTY | NOTE 9 DUE TO RELATED PARTY Due to related party consists of loans from shareholders. In support of the Company’s efforts and cash requirements, it may rely on advances from shareholders until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. The loans are payable on demand, unsecured and bears no interest. As of Aug 31, 2021, & Aug 31, 2022, the loan from shareholders were US$ 130,645 140,764 |
ACCRUED LIABILITIES AND OTHER P
ACCRUED LIABILITIES AND OTHER PAYABLE | 12 Months Ended |
Aug. 31, 2022 | |
Payables and Accruals [Abstract] | |
ACCRUED LIABILITIES AND OTHER PAYABLE | NOTE 10 ACCRUED LIABILITIES AND OTHER PAYABLE Accrued liabilities consist of the salaries that have been earned by employees but not yet paid to them and accounting services provided by third party but not yet pay to them. The amounts for accrued salaries on Aug 31, 2021 and Aug 31, 2022 are US$ 162,181 16,460 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Aug. 31, 2022 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 11 INCOME TAXES The net operating loss carryovers may be subject to limitation under Internal Revenue Code due to significant changes in the Company’s ownership. The Company has provided a full valuation allowance against the full amount of the net operating loss benefit, since, in the opinion of management, based upon the earnings history of the Company it is more likely than not that the benefit will not be realized. |
STOCKHOLDERS_ EQUITY COMMON STO
STOCKHOLDERS’ EQUITY COMMON STOCK | 12 Months Ended |
Aug. 31, 2022 | |
Total Equity: | |
STOCKHOLDERS’ EQUITY COMMON STOCK | NOTE 12 STOCKHOLDERS’ EQUITY COMMON STOCK After the acquisition and merger on Aug 31,2020, the management had canceled the original common stock of the Company and authorized new share capital. It consists of 50,000,000 39,129,789 3,581,517 5,000,000,000 1,207,885,627 5,000,000,000 20,000,000 1,749,903,669 1,000,000 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Aug. 31, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 13 COMMITMENTS AND CONTINGENCIES The Company has entered into a service contract with Tianjin Zhipin Education Technology Co., Ltd as one of the outsourcing vendors on global online market research, education consulting and information technology consulting service in September 2021 for three years. The Company is not aware of any litigation incidental to the conduct of our business as of August 31, 2022. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Aug. 31, 2022 | |
Accounting Policies [Abstract] | |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of QOEG and its subsidiaries and have been prepared in accordance with generally accepted accounting principles (“GAAP”). All material inter-company accounts and transactions have been eliminated in consolidation. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. |
Financial Statements in U.S. dollars | Financial Statements in U.S. dollars The reporting currency of the Company is the U.S. dollar (“dollar”). The dollar is the functional currency of the Company and the Company’s U.S. subsidiary. The financial statements of the non-US subsidiaries are translated to U.S. dollars using the methods mandated by ASC 830. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments originally purchased with maturities of three months or less to be cash equivalents. These financial statements have not been subjected to an audit or review or compilation engagement, and no assurance is provided on them. |
Revenue Recognition | Revenue Recognition The Company recognizes revenues when persuasive evidence of an arrangement exists, delivery has occurred or services rendered, the sales price of fee is fixed or determinable, and its collectability is reasonably assured. |
Stock based compensation | Stock based compensation The Company records stock-based compensation in accordance with the ASC 718 “Shares-Based Compensation” FASB Accounting Standards Classification using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Equity instruments issued to employees and the cost of the services received as consideration are measured and recognized based on the fair value of the equity instruments issued. |
Foreign Currency | Foreign Currency The Company translates the financial statements of our foreign subsidiaries from the local (functional) currencies to U.S. dollars. The rates of exchange at each fiscal year end are used for translating the assets and liabilities and the average monthly rates of exchange for each year are used for the consolidated statements of operations and comprehensive loss. Gains or losses resulting from the translation of the foreign subsidiaries’ financial statements are included in the accompany consolidated balance sheets as a separate component of stockholder’s equity. |
OTHER RECEIVABLES (Tables)
OTHER RECEIVABLES (Tables) | 12 Months Ended |
Aug. 31, 2022 | |
Receivables [Abstract] | |
Schedule of other receivables | Schedule of other receivables As of August 31 2021 2022 RMB¥ CAD$ RMB¥ CAD$ Value-Added Tax Input - 24,156 - - Advance to employees 75,300 - - - Prepaid rental & other deposits 222,638 - - - 297,938 24,156 - - |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Aug. 31, 2022 | |
Property, Plant and Equipment [Abstract] | |
Schedule of property and equipment | Schedule of property and equipment As of August 31 2021 2022 RMB¥ CAD$ RMB¥ CAD$ Computers & Equipment 209,469 16,301 - 19,316 Furniture & fixtures 24,159 4,575 - 4,575 Total 233,628 20,876 - 23,891 Less: Accumulated depreciation 148,509 13,791 - 18,871 Property & Equipment, net 85,119 7,085 - 5,020 |
OTHER RECEIVABLES (Details)
OTHER RECEIVABLES (Details) | Aug. 31, 2022 CAD ($) | Aug. 31, 2022 CNY (¥) | Aug. 31, 2021 CAD ($) | Aug. 31, 2021 CNY (¥) |
Receivables [Abstract] | ||||
Value-Added Tax Input | $ 24,156 | |||
Advance to employees | 75,300 | |||
Prepaid rental & other deposits | 222,638 | |||
Other receivables | $ 24,156 | ¥ 297,938 |
INTANGIBLE ASSETS (Details Narr
INTANGIBLE ASSETS (Details Narrative) - USD ($) | 12 Months Ended | |
Aug. 31, 2022 | Aug. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Intangible assets acquired | $ 759,266 | $ 1,003,535 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) | Aug. 31, 2022 USD ($) | Aug. 31, 2022 CAD ($) | Aug. 31, 2022 CNY (¥) | Aug. 31, 2021 USD ($) | Aug. 31, 2021 CAD ($) | Aug. 31, 2021 CNY (¥) |
Property, Plant and Equipment [Abstract] | ||||||
Computers & Equipment | $ 19,316 | $ 16,301 | ¥ 209,469 | |||
Furniture & fixtures | 4,575 | 4,575 | 24,159 | |||
Total | 23,891 | 20,876 | 233,628 | |||
Less: Accumulated depreciation | 18,871 | 13,791 | 148,509 | |||
Property & Equipment, net | $ 3,593 | $ 5,020 | $ 16,717 | $ 7,085 | ¥ 85,119 |
RECEIPT IN ADVANCE (Details Nar
RECEIPT IN ADVANCE (Details Narrative) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
Receipt In Advance | ||
Advance receipt | $ 1,400,427 | $ 950,358 |
ASSETS ACQUISITION PAYABLE (Det
ASSETS ACQUISITION PAYABLE (Details Narrative) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
Business Combination and Asset Acquisition [Abstract] | ||
Amount outstanding on the contracts | $ 114,408 | $ 293,802 |
DUE TO RELATED PARTY (Details N
DUE TO RELATED PARTY (Details Narrative) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
Related Party Transactions [Abstract] | ||
Loan from shareholders | $ 140,764 | $ 130,645 |
ACCRUED LIABILITIES AND OTHER_2
ACCRUED LIABILITIES AND OTHER PAYABLE (Details Narrative) - USD ($) | Aug. 31, 2022 | Aug. 31, 2021 |
Payables and Accruals [Abstract] | ||
Accrued salaries | $ 16,460 | $ 162,181 |
STOCKHOLDERS_ EQUITY COMMON S_2
STOCKHOLDERS’ EQUITY COMMON STOCK (Details Narrative) - shares | Aug. 31, 2022 | Aug. 31, 2021 | Oct. 07, 2020 | Aug. 31, 2020 |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||
Common stock, shares authorized | 5,000,000,000 | 50,000,000 | ||
Common stock, shares outstanding | 39,129,789 | |||
Free trading shares of common stock | 3,581,517 | |||
Exchangeable shares | 1,749,903,669 | 1,749,903,669 | ||
Common stock, shares issued | 1,749,903,669 | 1,749,903,669 | ||
Preferred stock, shares issued | 1,000,000 | 1,000,000 | ||
Preferred stock, shares outstanding | 1,000,000 | 1,000,000 | ||
Q O E G [Member] | ||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||
Common stock, shares authorized | 5,000,000,000 | |||
Common stock, shares outstanding | 1,749,903,669 | |||
Exchangeable shares | 1,207,885,627 | |||
Preferred stock, shares authorized | 20,000,000 | |||
Common stock, shares issued | 1,749,903,669 | |||
Preferred stock, shares issued | 1,000,000 | |||
Preferred stock, shares outstanding | 1,000,000 |