VirExit (VXIT) 10-K 13 Dec 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Aug. 31, 2017	Dec. 13, 2017	Feb. 29, 2016
Document And Entity Information
Entity Registrant Name	Poverty Dignified, Inc.
Entity Central Index Key	1,591,615
Document Type	10-K
Document Period End Date	Aug. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		8,653,802
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Aug. 31, 2017	Aug. 31, 2016
Current assets
Cash	$ 7,146	$ 20,557
Prepaid inventory		110,970
Prepaid expenses and other assets	27,219	13,493
Total current assets	34,365	145,020
Property and equipment, net	53,505	275
Total assets	87,870	145,295
Current liabilities
Accounts payable	58,845	80,557
Notes payable - related party	486,373	340,195
Accrued payroll expenses	769,497	477,533
Accrued expenses	26,622	4,607
Deferred revenue		210,612
Other liabilities	206,999
Due to officer	6,944	5,497
Convertible note payable, net of discount	32,500
Total current liabilities	1,587,780	1,119,001
Long term convertible debenture, net of discount	53,441
Total liabilities	1,641,221	1,119,001
Stockholders' equity (deficit)
Preferred stock par value $.0001: 10,000,000 share authorized; no shares issued and outstanding
Common stock par value $.0001: 100,000,000 shares authorized; 8,511,850 and 7,328,848 shares issued and outstanding as of August 31, 2017 and August 31, 2016, respectively	851	733
Additional paid in capital	8,272,310	7,274,198
Accumulated deficit	(9,784,847)	(8,244,672)
Accumulated other comprehensive loss	(41,665)	(3,965)
Total stockholders' equity (deficit)	(1,553,351)	(973,706)
Total liabilities and stockholders' equity (deficit)	$ 87,870	$ 145,295

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 31, 2017	Aug. 31, 2016
Stockholders' equity (deficit)
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	100,000,000	100,000,000
Common stock, issued	8,511,850	7,328,848
Common stock, outstanding	8,511,850	7,328,848

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Consolidated Statements Of Operations And Comprehensive Loss
Franchise revenue	$ 10,857	$ 119,387
Product revenue	15,936
Total revenue	26,793	119,387
Franchise and operating expenses:
Franchise expenses	19,220	104,387
Cost of product revenue	20,222
Research and development	558	25,043
Professional fees	199,016	103,201
General and administrative
Payroll	729,146	552,714
Stock-based compensation	150,000	75,000
Advertising	155,189	2,704
Travel	151,467	45,621
Other	85,945	56,771
Total general and administrative	1,271,747	732,810
Total franchise and operating expenses	1,510,763	965,441
Net operating loss	(1,483,970)	(846,054)
Interest expense	(56,205)	(14,150)
Net Loss	(1,540,175)	(860,204)
Other comprehensive loss:
Foreign currency translation adjustment	(37,700)	(3,965)
Comprehensive loss	$ (1,577,875)	$ (864,169)
Net loss per common share Basic and diluted	$ (0.19)	$ (0.12)
Weighted average common shares outstanding Basic and diluted	7,920,349	7,078,701

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Common Stock	Additional Paid In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total
Beginning Balance, Shares at Aug. 31, 2015	7,038,180
Beginning Balance, Amount at Aug. 31, 2015	$ 704	$ 7,037,476	$ (7,384,468)		$ (346,288)
Issuance of common stock, Shares	215,668
Issuance of common stock, Amount	$ 22	161,729			161,751
Other comprehensive loss				(3,965)	(3,965)
Stock-based compensation, Shares	75,000
Stock-based compensation, Amount	$ 7	74,993			75,000
Net loss			(860,204)		(860,204)
Ending Balance, Shares at Aug. 31, 2016	7,328,848
Ending Balance, Amount at Aug. 31, 2016	$ 733	7,274,198	(8,244,672)	(3,965)	(973,706)
Issuance of common stock, Shares	978,002
Issuance of common stock, Amount	$ 97	770,679			770,776
Issuance of common stock as consideration for convertible note payable, Shares	30,000
Issuance of common stock as consideration for convertible note payable, Amount	$ 3	26,376			26,379
Value of beneficial conversion feature on convertible note payable		51,075			51,075
Other comprehensive loss				(37,700)	(37,700)
Stock-based compensation, Shares	175,000
Stock-based compensation, Amount	$ 18	149,982			150,000
Net loss			(1,540,175)		(1,540,175)
Ending Balance, Shares at Aug. 31, 2017	8,511,850
Ending Balance, Amount at Aug. 31, 2017	$ 851	$ 8,272,310	$ (9,784,847)	$ (41,665)	$ (1,553,351)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Cash flows from operating activities
Net loss	$ (1,540,175)	$ (860,204)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation	150,000	75,000
Depreciation	835	535
Amortization of debt discounts	38,320
Changes in operating assets and liabilities:
Prepaid inventory	110,970	(33,392)
Prepaid expenses and other assets	(13,726)	(8,703)
Accounts payable	(21,712)	28,757
Accrued payroll expenses	291,964	410,790
Accrued expenses	22,015	(766)
Deferred revenue and other liabilities	(3,613)	105,312
Net cash used in operating activities	(965,122)	(282,371)
Cash flows from investing activities
Purchases of property and equipment	(54,065)
Net cash used in investing activities	(54,065)
Cash flows from financing activities
Proceeds from notes payable - related party	313,450	208,160
Payments on notes payable - related party	(167,272)	(62,465)
Advances to/from officer, net	1,447	(1,126)
Issuance of common stock	770,776	161,751
Proceeds from convertible note payable	65,000
Proceeds from long term convertible debenture	85,000
Debt issuance costs	(24,925)
Net cash provided by financing activities	1,043,476	306,320
Effect of foreign currency translation	(37,700)	(3,965)
Net (decrease) increase in cash	(13,411)	19,984
Cash, beginning of period	20,557	573
Cash, end of period	7,146	20,557
Non-Cash Financing Activities
Original issue discount in connection with long term convertible debenture	10,000
Debt discount in connection with common stock issued with long term convertible debenture	26,379
Debt discount in connection with beneficial conversion feature on convertible note payable	51,075
Supplementary Disclosure Of Cash Flow Information
Cash paid during the period for interest	$ 12,838	$ 14,150

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 1 - NATURE OF OPERATIONS	Poverty Dignified, Inc. was incorporated in the State of Nevada on September 27, 2013, and is headquartered in Hurst, Texas. The Company has established itself as a renewable energy company, incubating franchise business concepts designed to affect the individual, community and local economy in rural and peri-urban areas across the globe. My Power Solutions, Inc., a wholly-owned subsidiary of Poverty Dignified, Inc., was incorporated in the State of Nevada on March 13, 2014 as a franchise business opportunity with Franchise Disclosure Documents for franchise sales in both the United States and South African markets. Africhise, Inc., a wholly-owned subsidiary of Poverty Dignified, Inc. is a Delaware Corporation, and was formed on August 28, 2015 to be the franchise management arm of My Power Solutions, Inc.’s franchise operations in Africa. These entities are collectively referred herein to as Poverty Dignified, or the Company.

GOING CONCERN AND MANAGEMENT'S

GOING CONCERN AND MANAGEMENT'S PLANS	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 2 - GOING CONCERN AND MANAGEMENT'S PLANS	The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of August 31, 2017, the Company had cash of $7,146, a working capital deficit of $1,553,415 and a stockholders’ deficit of $1,553,351. The Company has incurred net losses from start-up costs and minimal operations since inception to August 31, 2017 and continues to expend cash in order to accomplish its business objectives. Based on the Company’s current progress in its business plan, it has not successfully implemented its plan to mitigate the going concern issue. Specifically, the Company has only one operational unit and has not been effective in reducing operating expenses. As a result, as of August 31, 2017, these issues raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company needs additional revenues or must raise additional capital, reduce expenses and curtail cash outflows in order to be able to accomplish its business plan. In the interim, the Company will accrue for management salaries and defer certain payments and will continue to borrow funds from affiliates as needed. From the Company’s inception through August 31, 2017, the Company has one operational franchise unit. As such, the Company has recognized franchise revenue of $146,180 and associated franchise expenses and cost of product revenue of $143,829 from inception through August 31, 2017. The Company’s primary source of operating funds since inception has been equity financings through a private placement. In its private placement memorandum dated January 2014 and closed November 2014, the Company raised $1,182,180 for its operations, research and development, and marketing of its franchise opportunities. Since our original Private Placement Offering was not sufficient to capitalize the Company, Poverty Dignified, Inc. recently closed a Private Investment in Public Equity transaction, in which the Company offered 1,000,000 unregistered shares to accredited investors at a discounted price of $0.75 per share to raise an additional $750,000 of growth capital. Under this offering, the Company sold 999,970 shares of common stock for proceeds of $749,977, including 784,302 shares of common stock for proceeds of $588,226 during the year ended August 31, 2017. Poverty Dignified, Inc. is currently doing a Private Placement Memorandum, in which the Company is offering 2,000,000 shares at a price of $1.50 per share to raise an additional $3,000,000 in growth capital. In this Private Placement Memorandum, the Company has the option to sell shares at a price lower than the $1.50 per share. Through August 31, 2017, under this Private Placement Memorandum, the Company has issued 144,000 shares of common stock at a discounted price of $0.75 per share for proceeds of $108,000 and has issued 49,700 shares of common stock at the offering price of $1.50 per share for proceeds of $74,550.During the second or third quarter of fiscal year 2018, Poverty Dignified, Inc. plans to ask for approval for a secondary offering. Upon approval, the Company plans to register 1,000,000 shares in an S-1 registration. Once “effective” by the SEC, these shares will be made available to the public market. The Company has borrowed funds from a related party for working capital purposes and $486,373 remains outstanding under notes payable to this related party at August 31, 2017. During the year ended August 31, 2017, the Company entered into two separate convertible note payable agreements, which provided net proceeds of $125,075, after payment of debt issuance costs totaling $24,925. Subsequent to August 31, 2017, we have entered into two separate convertible note payable agreements for $55,000 and $48,000, respectively. After the payment of debt issuance costs totaling $15,250, net proceeds to the Company were $87,750. Under the second phase of its expanded franchise capacity, Poverty Dignified, Inc’s wholly-owned subsidiary, My Power Solutions, Inc., is currently in the final stages of completing its involvement in a Public Private Partnership with the Development Bank of South Africa. Should this Public Private Partnership befully executed, My Power Solutions, Inc. will have the responsibility of placing 240 franchise units in rural communities over the next thirty-six months, beginning in early 2018. It will be working within a consortium, headed by InovaSure, to bring electricity, connectivity and digital education to 240,000 homes. This Public Private Partnership would impact our near-term operational cash flow significantly though upfront development funds, projected to be $150,000 per location, or $36,000,000, over the next thirty-six months. Additionally, MPS would receive ongoing revenues to manage and maintain each of the 240 franchise units over a twenty-five year period.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of presentation These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for annual financial statements and with Form 10-K and article 8 of the Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Under this basis of accounting, revenues are recorded as earned and expenses are recorded at the time liabilities are incurred. The consolidated financial statements include the accounts of Poverty Dignified, Inc. and My Power Solutions, Inc. All significant intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of expenses in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Cash The Company maintains funds in various financial institutions that are members of the Federal Deposit Insurance Corporation (“FDIC”). As such, funds are insured based on Federal Reserve limits. The Company has not experienced any losses in the past, and management believes it is not exposed to any significant credit risk on the current account balances. At times, cash balances may exceed insured limits. Prepaid Inventory Prepaid inventory consisted of amounts paid in advance to a supplier for products related to the sale of franchise units that had not been received or for which neither the Company nor the franchisee had taken ownership. Due to a change in product specifications for its franchise units, during the year ended August 31, 2017, the Company expensed its prepaid inventory as an advertising expense. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of payments primarily related to a professional fee retainer, payroll advance and short-term deposits. Property and Equipment, Net Property and equipment are stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets, generally between three and five years. As of August 31, 2017, property and equipment consists of computer equipment and solar equipment for containers with a total cost of $55,673. As of August 31, 2016, property and equipment solely consisted of computers at a cost of $1,608. Accumulated depreciation as of August 31, 2017 and 2016 is $2,168 and $1,333, respectively. Depreciation expense for the years ended August 31, 2017 and 2016 was $835 and $535, respectively. Accrued Expenses Accrued expenses are recorded when incurred and primarily consist of accrued interest on notes payable and amounts due for supplies and travel. Accrued payroll consists of salary amounts earned but deferred by the Company’s management team. Revenue Recognition The Company recognizes revenue once pervasive evidence that an agreement exists; the product and/or service have been rendered; the fee is fixed and determinable; and collection of the amount due is reasonably assured. Franchise Revenue Our franchise-related revenue is comprised of three separate and distinct earnings processes: area development fees, initial franchise fees, and continuing royalty payments. Area Development Fees – Initial Franchise Fees – Management has decided to repurchase the remaining two franchise units and plans to utilize them for corporate-owned franchise purposes. As such, the respective investments made by the franchisees will be refunded. The Company has reclassified the total refund amount of $206,999 from deferred revenue at August 31, 2016 to other liabilities at August 31, 2017. Continuing Royalty Payments – Product Revenue Product revenue represents amounts earned for equipment delivered and set up by the Company for digital classroom purposes within schools in its franchise markets, but not included in the franchises themselves. For products that include installation, and if the installation meets the criteria to be considered a separate element, product revenue is recognized upon delivery, and installation revenue is recognized when the installation is complete. For revenue that includes customer-specified acceptance criteria, revenue is recognized after the acceptance criteria have been met. Certain of the Company’s products require specialized installation. Revenue for these products is deferred until installation is completed. For the year ended August 31, 2017, the Company recognized product revenue of $15,936, and associated cost of product revenue of $20,222. Advertising Advertising expenditures are charged to expense as incurred and are included in general and administrative expense. Total advertising expense for the years ended August 31, 2017 and 2016 was $155,189 and $2,704, respectively. Research and Development Research and development expenditures are charged to expense as incurred. Fair Value Measurements The three levels of the fair value hierarchy of inputs the Company uses to measure the fair value of an asset or a liability are as follows. Level 1 inputs are quoted prices in active markets for identical assets and liabilities. Level 2 inputs are inputs other than quoted prices included within Level 1 that are directly or indirectly observable for the asset or liability. Level 3 inputs are inputs that are not observable in the market. The carrying values of short-term financial assets and liabilities on the consolidated balance sheets approximate their fair values at August 31, 2017 and 2016. There were no assets or liabilities measured at fair value on a non-recurring basis at August 31, 2017 and 2016. Income Taxes Income taxes are accounted for under the asset and liability 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 bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The 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. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits would be classified as additional income taxes in the consolidated statements of income. No interest or penalties were recognized for the years ended August 31, 2017 or 2016. Tax years 2014 and forward remain open to examination under United States statute of limitations. Management is not aware of any material uncertain tax positions and no liability has been recognized at August 31, 2017 or 2016. Earnings Per Share Basic earnings per share are computed based on the weighted-average number of common shares outstanding during each year, while diluted earnings per share are based on the weighted-average number of common shares and common share equivalents outstanding. Foreign Currency Translation For financial reporting purposes, the functional currency of the foreign operations of My Power Solutions, Inc. is the local currency. The assets and liabilities of foreign operations for which the local currency is the functional currency are translated into the U.S. dollar at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average exchange rates during the period. The accumulated foreign currency translation adjustment is presented as a component of accumulated other comprehensive loss in the consolidated statement of changes in stockholders’ equity (deficit). Reclassifications Certain amounts in the prior period have been reclassified to conform to the current period presentation. These reclassifications had no impact on previously reported stockholders’ deficit or net loss. Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, Accounting Standards Updates (ASU) issued by the Financial Accounting Standards Board (FASB) 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 operations.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 4 - STOCKHOLDERS' EQUITY	In September 2013, the Company authorized the issue of 100,000,000 shares of common stock and 10,000,000 shares of preferred stock at a par value of $.0001. There are a total of 8,511,850 and 7,328,848 shares of common stock issued and outstanding at August 31, 2017 and August 31, 2016, respectively. Preferred stockholders could receive preferential treatment relative to declared dividends, should there be any, and to distributions upon a liquidation event. As of August 31, 2017, no preferred stock has been issued. Since incorporation, the Company has raised capital through private sales of its common stock. As of August 31, 2017, of our 8,511,850 outstanding shares of common stock, 6,106,000 shares were issued to various stockholders in exchange for services and/or under restricted stock agreements. Relative to those shares, since inception, the Company has recognized total expense of $6,081,000. During the year ended August 31, 2017, the Company issued 175,000 shares for stock-based compensation totaling $150,000. Poverty Dignified, Inc. recently closed a Private Investment in Public Equity transaction, in which the Company offered 1,000,000 unregistered shares to accredited investors at a discounted price of $0.75 per share to raise an additional $750,000 of growth capital. During the year ended August 31, 2017, the Company sold 784,302 shares of common stock under this Private Investment in Public Equity offering for proceeds of $588,226. Poverty Dignified, Inc. is currently doing a Private Placement Memorandum, in which the Company is offering 2,000,000 shares at a price of $1.50 per share to raise an additional $3,000,000 in growth capital. In this Private Placement Memorandum, the Company has the option to sell shares at a price lower than the $1.50 per share. Through August 31, 2017, under this Private Placement Memorandum, the Company has issued 144,000 shares of common stock at a discounted price of $0.75 per share for proceeds of $108,000 and has issued 49,700 shares of common stock at the offering price of $1.50 per share for proceeds of $74,550.

COMMITMENTS

COMMITMENTS	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 5 - COMMITMENTS	The Company maintains a month to month lease on its corporate headquarters location. The Company has a 24 month lease for its office in South Africa. The lease expires on May 31, 2018. As of August 31, 2017, total future minimum lease payments total approximately $8,000.

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 6 - CONVERTIBLE NOTES PAYABLE	On April 13, 2017, the Company entered into a Securities Purchase Agreement whereas, Peak One Opportunity Fund, L.P. (the “buyer”) wishes to purchase from the Company securities consisting of the Company’s convertible debentures due and convertible six months from issuance for an aggregate principal amount of $100,000. On April 21, 2017, the Company issued the Debenture amounting to $100,000 of principal and a $10,000 OID. At closing, the Company paid a commitment fee to the buyer of $2,500 and paid the buyer’s legal costs of $2,500, resulting in net proceeds of $85,000. The debenture is convertible at a conversion price of $1.50 up to 180 days after the issuance date and if no event of default. If an Event of Default, as such term is defined in the Debentures, has occurred, or 180 days after the Issuance Date, as such term is defined in the Debentures, the conversion price is the lesser of (a) $1.50 or (b) sixty five percent (65%) of the lowest closing bid price of the common stock for the twenty (20) trading days immediately preceding the date of the date of conversion of the Debentures. As additional consideration, the Company issued 30,000 shares of common stock to Peak One Investments, LLC (the General Partner of the buyer) upon execution of this agreement. In relation to this transaction, the Company also incurred deferred finance costs totaling $2,500 for legal fees and commitment fees and $8,500 for a due diligence fee. Accordingly, the Company recorded debt discount of $41,379 related to the restricted shares issued, based on the relative fair value allocation of the net proceeds between the face value of debentures and the fair value of the restricted shares and deferred finance costs of $11,000. The debt discount is being amortized (using the straightline method, which approximates the interest method) to interest expense over term of the debenture. The balance of this long term convertible debenture, net of discount, at August 31, 2017 is $53,441. On April 24, 2017, the Company entered into a Securities Purchase Agreement whereas, Auctus Fund, LLC (the “buyer”) wishes to purchase from the Company a 10% convertible note for a principal amount of $65,000. On April 24, 2017, the Company issued a convertible promissory note (the “note”) to the buyer for $65,000 in proceeds. The note matures on January 5, 2018. The note is convertible at a conversion price of the lesser of (i) 50% of lowest trading price during the 25 days prior to the date of the note or (ii) 50% of the lowest trading price during the 25 days prior to the conversion date. At the closing, the Company paid legal and compliance fees of $2,750, a management fee to an affiliate of the buyer of $5,500 and a due diligence fee of $5,675 to the group that introduced the Company to the buyer. Accordingly, the Company recorded a debt discount of $65,000, with $51,075 attributable to the allocation to the beneficial conversion feature and $13,925 related to deferred finance costs. The debt discount is being amortized (using the straight-line method, which approximates the interest method) to interest expense over term of the note. The balance of this convertible note payable, net of discount, at August 31, 2017 is $32,500. Amortization of the debt discounts recorded as interest expense during the year ended August 31, 2017 totaled $38,320.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 7 - INCOME TAXES	Due to the operating loss and the inability to recognize an income tax benefit, there is no provision for current or deferred federal or state income taxes for the period from inception through August 31, 2017. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amount used for federal and state income tax purposes. The Company’s total deferred tax asset, calculated using federal and state effective tax rates is as follows: August 31, 2017 August 31, 2016 Deferred tax assets: Net operating loss carryforwards $ 933,112 $ 517,790 Organization costs 94,116 101,703 Accrued payroll 269,324 190,497 Gross deferred tax asset 1,296,552 809,990 Valuation allowance (1,296,552 ) (809,990 ) Net deferred tax asset $ - $ - The Company has not recognized a deferred tax asset for its stock compensation expense due to its non-deductibility. The Company has no plans to pursue any tax benefits relative to its recognized stock compensation expense. The reconciliation of income taxes computed at the federal statutory income tax rate of 35% to total income taxes for years ended August 31, 2017 and 2016 is as follows: 2017 2016 Income tax computed at the federal statutory rate $ (539,062 ) $ (301,071 ) State income tax, net of federal tax benefit - - Non-deductible stock compensation expense 52,500 26,350 Total (486,562 ) (274,821 ) Change in valuation allowance 486,562 274,821 Provision for income taxes $ - $ - Because of the Company’s lack of earnings history, the deferred tax asset has been fully offset by a valuation allowance. The valuation allowance increased by $486,562 and $274,821 during the years ended August 31, 2017 and 2016, respectively. As of August 31, 2017, the Company had a federal and state net operating loss carryforward in the amount of $2,666,035. The net operating loss carryforward differs from the accumulated deficit incurred to date primarily due to the non-deductibility of stock compensation and organizational costs capitalized for income tax purposes. Our federal net operating losses will begin to expire in 2034 and our state tax loss carryforwards will begin to expire in 2029.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 8 - RELATED PARTY TRANSACTIONS	As of August 31, 2017, the Company has issued 6,106,000 shares of common stock to various stockholders, in exchange for cash and services. Relative to the portion of those shares issued in 2017 and 2016, the Company recognized expense of $150,000 and $75,000 for the years ended August 31, 2017 and 2016, respectively. During the year ended August 31, 2016, the Company was reimbursed $27,524 by Power It Perfect, Inc., an affiliated company primarily owned by John Kevin Lowther (CEO and Director of the Company) and George C Critz, III (CFO and Director of the Company) for the use of Company employees and various other expenses. These amounts were recorded as an offset to those expenses in the accompanying statements of operations. There were no such reimbursements during the year ended August 31, 2017. Due to Officer On March 13, 2015, John Kevin Lowther, Chief Executive Officer and Director, advanced the Company $12,916. The balance outstanding at August 31, 2017 and 2016 is $6,944 and $5,497, respectively. This advance does not bear interest. Notes Payable – Related Party During the year ended August 31, 2016, Power It Perfect, Inc. loaned the Company $208,160 for working capital purposes in exchange for promissory notes that bear interest at five percent. During the year ended August 31, 2017, Power It Perfect, Inc. loaned the Company an additional $313,450 for working capital purposes in exchange for promissory notes that bear interest at five percent per annum. All the notes are non-collateralized and due on demand, as soon as the Company has a stream of revenue available for repayment. The balance of the notes payable was $486,373 and $340,195 at August 31, 2017 and 2016, respectively. Accrued interest on the notes, which is included in accrued expenses, totaled $4,626 and $2,288 at August 31, 2017 and 2016, respectively. There are no conversion provisions associated with the notes. Interest expense on these notes for the years ended August 31, 2017 and 2016 totaled $14,966 and $14,291, respectively.

SUBSIDIARY OPERATIONS

SUBSIDIARY OPERATIONS	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 9 - SUBSIDIARY OPERATIONS	Poverty Dignified, Inc. owns 100% of My Power Solutions, Inc., which holds and manages the Company’s franchise operations in Africa. The following represents summarized financial information of My Power Solutions, Inc.: Year Ended August 31, 2017 August 31, 2016 Revenue $ 26,793 $ 119,387 Net loss (504,180 ) (93,567 ) August 31, 2017 August 31, 2016 Total assets $ 62,301 $ 131,427 Total liabilities 825,421 352,668 Total liabilities of My Power Solutions, Inc. includes amounts due to Poverty Dignified, Inc. of $601,267 and $112,260 at August 31, 2017 and 2016, respectively, that were eliminated in consolidation.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Aug. 31, 2017
Notes to Financial Statements
NOTE 10 - SUBSEQUENT EVENTS	Management has evaluated subsequent events through December 13, 2017, which is the date when these consolidated financial statements were issued, and is aware of none requiring disclosure, except as follows: On October 24, 2017, Peak One Opportunity Fund, L.P. (“Peak One”) removed the restrictive legend on its 30,000 shares of stock that it received as a commitment fee, and sold those shares into the market. Under the terms of its long-term convertible debentures agreement, Peak One can convert debentures at a 50% discount to market price of the lowest traded share price over the last 20-day trading period. On October 31, 2017, Peak One converted $15,000 of debentures at a share price of $0.65 per share for 23,076 shares that they sold into the market. On November 8, 2017, Peak One converted $15,000 of debentures at a share price of $0.50 per share for 30,000 shares that they sold into the market. On November 14, 2017, Peak One converted $15,000 of debentures at a share price of $0.31 per share for 48,000 shares that they are currently selling into the market. The current gross convertible balance remaining is $55,000. Under the terms of its convertible note payable agreement, Auctus Fund, LLC (“Auctus”) can convert its note at a 50% discount to market price of the lowest traded share price over the last 25-day trading period. On November 2, 2017, Auctus converted $8,169 of its note payable at a share price of $0.40 per share for 30,000 shares that they are currently selling into the market. The current gross convertible balance remaining is $56,831. On November 15, 2017, the Company entered into a $55,000 10% convertible note payable agreement with Morningview Financial, LLC. The note matures on November 15, 2018. The note is convertible at a conversion price of 50% of the lowest trading price during the 20 days prior to the conversion date. After the payment of debt issuance costs totaling $12,250, net proceeds to the Company were $42,750. On November 15, 2017, the Company entered into a $48,000 12% convertible note payable agreement with Power Up Lending Group Ltd. The note matures on August 20, 2018. The note is convertible at a conversion price of 58% of the lowest trading price during the 20 days prior to the conversion date. After the payment of debt issuance costs totaling $3,000, net proceeds to the Company were $45,000.

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Aug. 31, 2017
Summary Of Significant Accounting Policies Policies
Basis of presentation	These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for annual financial statements and with Form 10-K and article 8 of the Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Under this basis of accounting, revenues are recorded as earned and expenses are recorded at the time liabilities are incurred. The consolidated financial statements include the accounts of Poverty Dignified, Inc. and My Power Solutions, Inc. All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of expenses in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Cash	The Company maintains funds in various financial institutions that are members of the Federal Deposit Insurance Corporation (“FDIC”). As such, funds are insured based on Federal Reserve limits. The Company has not experienced any losses in the past, and management believes it is not exposed to any significant credit risk on the current account balances. At times, cash balances may exceed insured limits.
Prepaid Inventory	Prepaid inventory consisted of amounts paid in advance to a supplier for products related to the sale of franchise units that had not been received or for which neither the Company nor the franchisee had taken ownership. Due to a change in product specifications for its franchise units, during the year ended August 31, 2017, the Company expensed its prepaid inventory as an advertising expense.
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of payments primarily related to a professional fee retainer, payroll advance and short-term deposits.
Property and Equipment, Net	Property and equipment are stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets, generally between three and five years. As of August 31, 2017, property and equipment consists of computer equipment and solar equipment for containers with a total cost of $55,673. As of August 31, 2016, property and equipment solely consisted of computers at a cost of $1,608. Accumulated depreciation as of August 31, 2017 and 2016 is $2,168 and $1,333, respectively. Depreciation expense for the years ended August 31, 2017 and 2016 was $835 and $535, respectively.
Accrued Expenses	Accrued expenses are recorded when incurred and primarily consist of accrued interest on notes payable and amounts due for supplies and travel. Accrued payroll consists of salary amounts earned but deferred by the Company’s management team.
Revenue Recognition	The Company recognizes revenue once pervasive evidence that an agreement exists; the product and/or service have been rendered; the fee is fixed and determinable; and collection of the amount due is reasonably assured. Franchise Revenue Our franchise-related revenue is comprised of three separate and distinct earnings processes: area development fees, initial franchise fees, and continuing royalty payments. Area Development Fees – Initial Franchise Fees – Management has decided to repurchase the remaining two franchise units and plans to utilize them for corporate-owned franchise purposes. As such, the respective investments made by the franchisees will be refunded. The Company has reclassified the total refund amount of $206,999 from deferred revenue at August 31, 2016 to other liabilities at August 31, 2017. Continuing Royalty Payments – Product Revenue Product revenue represents amounts earned for equipment delivered and set up by the Company for digital classroom purposes within schools in its franchise markets, but not included in the franchises themselves. For products that include installation, and if the installation meets the criteria to be considered a separate element, product revenue is recognized upon delivery, and installation revenue is recognized when the installation is complete. For revenue that includes customer-specified acceptance criteria, revenue is recognized after the acceptance criteria have been met. Certain of the Company’s products require specialized installation. Revenue for these products is deferred until installation is completed. For the year ended August 31, 2017, the Company recognized product revenue of $15,936, and associated cost of product revenue of $20,222.
Advertising	Advertising expenditures are charged to expense as incurred and are included in general and administrative expense. Total advertising expense for the years ended August 31, 2017 and 2016 was $155,189 and $2,704, respectively.
Research and Development	Research and development expenditures are charged to expense as incurred.
Income Taxes	Income taxes are accounted for under the asset and liability 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 bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The 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. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits would be classified as additional income taxes in the consolidated statements of income. No interest or penalties were recognized for the years ended August 31, 2017 or 2016. Tax years 2014 and forward remain open to examination under United States statute of limitations. Management is not aware of any material uncertain tax positions and no liability has been recognized at August 31, 2017 or 2016.
Earnings Per Share	Basic earnings per share are computed based on the weighted-average number of common shares outstanding during each year, while diluted earnings per share are based on the weighted-average number of common shares and common share equivalents outstanding.
Foreign Currency Translation	For financial reporting purposes, the functional currency of the foreign operations of My Power Solutions, Inc. is the local currency. The assets and liabilities of foreign operations for which the local currency is the functional currency are translated into the U.S. dollar at the exchange rate in effect at the balance sheet date, while revenues and expenses are translated at average exchange rates during the period. The accumulated foreign currency translation adjustment is presented as a component of accumulated other comprehensive loss in the consolidated statement of changes in stockholders’ equity (deficit).
Reclassifications	Certain amounts in the prior period have been reclassified to conform to the current period presentation. These reclassifications had no impact on previously reported stockholders’ deficit or net loss.
Recent Accounting Pronouncements	The Company has reviewed all recently issued, but not yet effective, Accounting Standards Updates (ASU) issued by the Financial Accounting Standards Board (FASB) 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 operations.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Aug. 31, 2017
Income Taxes Tables
Schedule of Deferred Tax Assets and Liabilities	August 31, 2017 August 31, 2016 Deferred tax assets: Net operating loss carryforwards $ 933,112 $ 517,790 Organization costs 94,116 101,703 Accrued payroll 269,324 190,497 Gross deferred tax asset 1,296,552 809,990 Valuation allowance (1,296,552 ) (809,990 ) Net deferred tax asset $ - $ -
Schedule of Effective Income Tax Rate Reconciliation	2017 2016 Income tax computed at the federal statutory rate $ (539,062 ) $ (301,071 ) State income tax, net of federal tax benefit - - Non-deductible stock compensation expense 52,500 26,350 Total (486,562 ) (274,821 ) Change in valuation allowance 486,562 274,821 Provision for income taxes $ - $ -

SUBSIDIARY OPERATIONS (Tables)

SUBSIDIARY OPERATIONS (Tables)	12 Months Ended
	Aug. 31, 2017
Subsidiary Operations Tables
Summarized financial information of subsidiary operations	Year Ended August 31, 2017 August 31, 2016 Revenue $ 26,793 $ 119,387 Net loss (504,180 ) (93,567 ) August 31, 2017 August 31, 2016 Total assets $ 62,301 $ 131,427 Total liabilities 825,421 352,668

NATURE OF OPERATIONS (Disclosur

NATURE OF OPERATIONS (Disclosure Narrative)	12 Months Ended
	Aug. 31, 2017
Nature Of Operations Disclosure Narrative
State of incorporation	Nevada
Date of incorporation	Sep. 27, 2013

GOING CONCERN AND MANAGEMENT'21

GOING CONCERN AND MANAGEMENT'S PLANS (Details Narrative) - USD ($)	11 Months Ended	12 Months Ended		47 Months Ended
	Nov. 30, 2014	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017	Aug. 31, 2015
Cash		$ 7,146	$ 20,557	$ 7,146
Working capital deficit		(1,553,415)		(1,553,415)
Stockholders' Equity (Deficit)		(1,553,351)	(973,706)	(1,553,351)	$ (346,288)
Notes payable - related party		486,373	340,195	486,373
Franchise revenue		10,857	119,387	146,180
Franchise expense		20,222		143,829
Deferred revenue			210,612
Proceeds of common stock		770,776	161,751
Convertible note payable		125,075		125,075
Debt issuance costs		$ (24,925)
Description for expansion of franchise capacity		Under the second phase of its expanded franchise capacity, Poverty Dignified, Inc’s wholly-owned subsidiary, My Power Solutions, Inc., is currently in the final stages of completing its involvement in a Public Private Partnership with the Development Bank of South Africa. Should this Public Private Partnership befully executed, My Power Solutions, Inc. will have the responsibility of placing 240 franchise units in rural communities over the next thirty-six months, beginning in early 2018. It will be working within a consortium, headed by InovaSure, to bring electricity, connectivity and digital education to 240,000 homes. This Public Private Partnership would impact our near-term operational cash flow significantly though upfront development funds, projected to be $150,000 per location, or $36,000,000, over the next thirty-six months. Additionally, MPS would receive ongoing revenues to manage and maintain each of the 240 franchise units over a twenty-five year period.
Convertible Notes Payable [Member]
Debt issuance costs		$ 15,250
Convertible note payable, net proceeds		87,750
Convertible Notes Payable 1 [Member]
Convertible note payable		55,000		55,000
Convertible Notes Payable 2 [Member]
Convertible note payable		48,000		$ 48,000
Private Placement [Member]
Financings through a private placement	$ 1,182,180
Shares offering	$ 1,000,000	$ 2,000,000
Offering price	$ 0.75	$ 1.50
Offering price description		In this Private Placement Memorandum, the Company has the option to sell shares at a price lower than the $1.50 per share
Growth capital	$ 750,000	$ 3,000,000
Number of common stock sold	999,970	784,302
Proceeds of common stock	$ 749,977	$ 588,226
Description of sharesto be registered secondary offering for public market		During the second or third quarter of fiscal year 2018, Poverty Dignified, Inc. plans to ask for approval for a secondary offering. Upon approval, the Company plans to register 1,000,000 shares in an S-1 registration. Once “effective” by the SEC, these shares will be made available to the public market.
Public Private Partnership [Member]
Projected cash flow per location		$ 150,000
Projected cash flow over the term of franchise		$ 36,000,000
Private Placement 1 [Member]
Shares issued		144,000		144,000
Offering price		$ 0.75
Proceeds of common stock		$ 108,000
Private Placement 2 [Member]
Shares issued		49,700		49,700
Shares offering		$ 2,000,000
Offering price		$ 1.50
Growth capital		$ 3,000,000
Proceeds of common stock		$ 74,550

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended		47 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Aug. 31, 2017
Accumulated depreciation	$ 2,168	$ 1,333	$ 2,168
Depreciation expense	835	535
Non-refundable payment	15,000		15,000
Market and territory analysis	5,000		5,000
Initial franchise fee revenue	10,000		10,000
Miscellaneous expenses, taxes and costs	90,000		90,000
Franchise revenue	10,857	119,387	146,180
Franchise revenue recognized	7,244
Franchise expenses	19,220	104,387
Deferred revenue		210,612
Gross revenues royalty percentage	14.00%
Cost of product revenue	$ 20,222		143,829
Product revenue	15,936
Advertising expense	155,189	2,704
Property and equipment	53,505	275	53,505
Other liabilities	206,999		206,999
Computer Equipment And Solar Equipment [Member]
Property and equipment	$ 55,673		$ 55,673
Computer Equipment [Member]
Property and equipment		$ 1,608
Minimum [Member]
Estimated useful lives	3 years
Maximum [Member]
Estimated useful lives	5 years
Unit One Member
Franchise revenue	$ 3,613
Franchise revenue recognized	119,387
Franchise expenses	$ 19,220

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	11 Months Ended	12 Months Ended
	Nov. 30, 2014	Aug. 31, 2017	Aug. 31, 2016
Common stock, par value		$ 0.0001	$ 0.0001
Preferred stock, authorized		10,000,000	10,000,000
Preferred stock, issued		0	0
Preferred stock, outstanding		0	0
Preferred stock, par value		$ 0.0001	$ 0.0001
Common stock, authorized		100,000,000	100,000,000
Common stock, issued		8,511,850	7,328,848
Common stock, outstanding		8,511,850	7,328,848
Stock-based compensation, shares issued		175,000
Stock-based compensation		$ 150,000	$ 75,000
Total recognized expense		6,081,000
Proceeds of common stock		$ 770,776	$ 161,751
Private Placement 1 [Member]
Offering price		$ 0.75
Proceeds of common stock		$ 108,000
Shares issued		144,000
Private Placement 2 [Member]
Unregistered shares offering		$ 2,000,000
Offering price		$ 1.50
Growth capital		$ 3,000,000
Proceeds of common stock		$ 74,550
Shares issued		49,700
Private Placement [Member]
Common stock, issued		6,106,000
Unregistered shares offering	$ 1,000,000	$ 2,000,000
Offering price	$ 0.75	$ 1.50
Growth capital	$ 750,000	$ 3,000,000
Number of common stock sold	999,970	784,302
Proceeds of common stock	$ 749,977	$ 588,226
Private Investment [Member]
Unregistered shares offering		$ 1,000,000
Offering price		$ 0.75
Growth capital		$ 750,000
Number of common stock sold		784,302
Proceeds of common stock		$ 588,226

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	12 Months Ended
	Aug. 31, 2017USD ($)
Commitments And Contingencies Details Narrative
Future minimum lease payments	$ 8,000
Lease expiry date	May 31, 2018
Term of lease	2 years

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Apr. 24, 2017	Apr. 21, 2017	Aug. 31, 2017	Aug. 31, 2016	Apr. 13, 2017
Convertible note payable, net of discount			$ 32,500
Amortization of debt discounts			$ 38,320
Common stock shares issued			8,511,850	7,328,848
Proceeds from long term convertible debenture			$ 85,000
Long term convertible debenture, net of discount			53,441
Proceeds from issuance of convertible debt			65,000
Peak One Opportunity Fund, L.P[Member
Debt Discount		$ 2,500
Legal and compliance fee		2,500
Diligence fee		$ 8,500
Peak One Investments, LLC [Member]
Common stock shares issued		30,000
Deferred finance costs		$ 11,000
Tranche One [Member]
Original issue discount on debentures		10,000
Debt Issue		100,000
Proceeds from long term convertible debenture		$ 85,000
convertible conversion price		$ 1.50
Securities Purchase Agreement [Member]
Convertible note payable, net of discount					$ 100,000
Debt Discount		$ 41,379
Long term convertible debenture, net of discount			53,441
Description for conversion price		The debenture is convertible at a conversion price of $1.50 up to 180 days after the issuance date and if no event of default. If an Event of Default, as such term is defined in the Debentures, has occurred, or 180 days after the Issuance Date, as such term is defined in the Debentures, the conversion price is the lesser of (a) $1.50 or (b) sixty five percent (65%) of the lowest closing bid price of the common stock for the twenty (20) trading days immediately preceding the date of the date of conversion of the Debentures.
Securities Purchase Agreement [Member] | Auctus Fund, LLC [Member] | Convertible promissory note [Member]
Convertible note payable, net of discount	$ 65,000		32,500
Amortization of debt discounts			$ 38,320
Debt Discount	65,000
Deferred finance costs	$ 13,925
Interest rate	10.00%
Proceeds from issuance of convertible debt	$ 65,000
Maturity date	Jan. 5, 2018
Description for conversion price	The note is convertible at a conversion price of the lesser of (i) 50% of lowest trading price during the 25 days prior to the date of the note or (ii) 50% of the lowest trading price during the 25 days prior to the conversion date
Legal and compliance fee	$ 2,750
Management fee to an affiliate	5,500
Diligence fee	5,675
Beneficial conversion feature	$ 51,075

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Aug. 31, 2017	Aug. 31, 2016
Deferred tax assets:
Net operating loss carryforwards	$ 933,112	$ 517,790
Organization costs	94,116	101,703
Accrued payroll	269,324	190,497
Gross deferred tax asset	1,296,552	809,990
Valuation allowance	(1,296,552)	(809,990)
Net deferred tax asset

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Income Taxes Details 1
Income tax computed at the federal statutory rate	$ (539,062)	$ (301,071)
State income tax, net of federal tax benefit
Non-deductible stock compensation expense	52,500	26,350
Total	(486,562)	(274,821)
Change in valuation allowance	486,562	274,821
Provision for income taxes

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Income Taxes Details Narrative
Increase in valuation allowance	$ 486,562	$ 274,821
Federal and state net operating loss carryforwards	$ 2,666,035
Percentage of federal statutory income tax rate	35.00%	35.00%
Federal net operating loss expiry year	2,034
State tax loss carryforwards expiry year, description	Begin to expire in 2029

RELATED PARTY TRANSACTIONS (De

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	Mar. 13, 2015
Common stock, issued	8,511,850	7,328,848
Stock-based compensation	$ 150,000	$ 75,000
Due to officer	6,944	5,497
Proceeds from notes payable - related party	313,450	208,160
Notes payable	486,373	340,195
Interest expense	$ 56,205	14,150
Private Placement [Member]
Common stock, issued	6,106,000
Power It Perfect, Inc [Member]
Amount reimbursed by related party		27,524
Proceeds from notes payable - related party	$ 313,450	208,160
Interest rate	5.00%
Accrued interest	$ 4,626	2,288
Interest expense	$ 14,966	$ 14,291
Chief Executive Officer [Member]
Due to officer			$ 12,916

SUBSIDIARY OPERATIONS (Details)

SUBSIDIARY OPERATIONS (Details) - USD ($)	12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Revenue	$ 26,793	$ 119,387
Net loss	(1,540,175)	(860,204)
Total assets	87,870	145,295
Total liabilities	1,641,221	1,119,001
Subsidiary Operations [Member]
Revenue	26,793	119,387
Net loss	(504,180)	(93,567)
Total assets	62,301	131,427
Total liabilities	$ 825,421	$ 352,668

SUBSIDIARY OPERATIONS (Details

SUBSIDIARY OPERATIONS (Details Narrative) - USD ($)	Aug. 31, 2017	Aug. 31, 2016
Total liabilities	$ 1,641,221	$ 1,119,001
My Power Solutions, Inc [Member]
Total liabilities	$ 601,267	$ 112,260
Equity method investment	100.00%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Nov. 02, 2017	Nov. 15, 2017	Oct. 24, 2017	Aug. 31, 2017	Aug. 31, 2016	Nov. 14, 2017	Nov. 08, 2017	Oct. 31, 2017
Common stock shares issued				8,511,850	7,328,848
Convertible note payable, net of discount				$ 32,500
Proceeds from convertible debt				$ 85,000
Subsequent Event [Member] | Auctus Fund, LLC [Member]
Description for conversion price	convert its note at a 50% discount to market price of the lowest traded share price over the last 25-day trading period.
Convertible debt	$ 8,169
Convertible debt per share	$ 0.40
Common stock shares issued	30,000
Gross convertible balance	$ 56,831
Subsequent Event [Member] | Morningview Financial, LLC [Member]
Description for conversion price		The note is convertible at a conversion price of 50% of the lowest trading price during the 20 days prior to the conversion date.
Convertible note payable, net of discount		$ 55,000
Interest rate		10.00%
Maturity date		Nov. 15, 2018
Debt issuance cost		$ 12,250
Proceeds from convertible debt		$ 42,750
Subsequent Event [Member] | Power Up Lending Group Ltd [Member]
Description for conversion price		The note is convertible at a conversion price of 58% of the lowest trading price during the 20 days prior to the conversion date.
Convertible note payable, net of discount		$ 48,000
Interest rate		12.00%
Maturity date		Aug. 20, 2018
Debt issuance cost		$ 3,000
Proceeds from convertible debt		$ 45,000
Subsequent Event [Member] | Peak One Opportunity Fund, L.P[Member
Common stock shares received as a commitment fee			30,000
Description for conversion price			convert debentures at a 50% discount to market price of the lowest traded share price over the last 20-day trading period.
Convertible debt						$ 15,000	$ 15,000	$ 15,000
Convertible debt per share						$ 0.31	$ 0.50	$ 0.65
Common stock shares issued						48,000	30,000	23,076
Gross convertible balance						$ 55,000