AB International (ABQQ) 10-K 29 Nov 23 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Aug. 31, 2023	Nov. 28, 2023	Feb. 28, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Aug. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--08-31
Entity File Number	000-55979
Entity Registrant Name	AB International Group Corp.
Entity Central Index Key	0001605331
Entity Tax Identification Number	37-1740351
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	144 Main Street
Entity Address, City or Town	Mt. Kisco
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10549
City Area Code	(914)
Local Phone Number	202-3108
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			$ 431,057
Entity Common Stock, Shares Outstanding		2,567,226,432
Document Financial Statement Error Correction [Flag]	false
Auditor Name	Prager Metis CPAs, LLC
Auditor Location	Hackensack, New Jersey
Auditor Firm ID	273

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Aug. 31, 2023	Aug. 31, 2022
Current Assets
Cash and cash equivalents	$ 117,096	$ 84,223
Prepaid expenses		13,035
Total Current Assets	117,096	97,258
Property and equipment, net	8,254	12,695
Right of use operating lease assets, net	696,380	1,004,018
Intangible assets, net	1,455,110	3,798,282
Purchase deposits for intangible assets, non-current	300,000	881,724
Security deposit	45,240	45,240
TOTAL ASSETS	2,622,080	5,839,217
Current Liabilities
Accounts payable and accrued liabilities	156,763	293,786
Accounts payable and accrued liabilities - related party	6,388	15,127
Loan from related parties	748,285	377,398
Current portion of obligations under operating leases	211,507	229,813
Deferred revenue		38,000
Total Current Liabilities	1,122,943	954,124
Obligations under operating leases, non-current	608,149	863,145
Total Liabilities	1,731,092	1,817,269
Stockholders’ Equity
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 1,285,283,385 and 384,512,583 shares issued and outstanding, as of August 31, 2023 and 2022, respectively	1,285,283	384,512
Additional paid-in capital	11,993,408	12,636,838
Accumulated deficit	(12,387,998)	(8,789,901)
Unearned stock compensation		(209,957)
Total Stockholders’ Equity	890,988	4,021,948
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	2,622,080	5,839,217
Preferred Class A [Member]
Stockholders’ Equity
Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized;	100	100
Preferred Class B [Member]
Stockholders’ Equity
Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized;	20	20
Preferred Class C [Member]
Stockholders’ Equity
Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized;	175	336
Preferred Class D [Member]
Stockholders’ Equity
Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized;

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
REVENUE
Copyrights and license	$ 948,000	$ 2,928,000
Theatre admissions and food and beverage sales	525,222
Total revenue	1,473,222	2,928,000
OPERATING COSTS AND EXPENSES
Amortization expenses	(3,048,172)	(3,221,789)
Theatre operating costs	(243,635)
General and administrative expenses	(1,507,988)	(1,190,360)
Related party salary and wages	(230,559)	(547,638)
Total Operating Costs And Expenses	(5,030,354)	(4,959,787)
Loss From Operations	(3,557,132)	(2,031,787)
OTHER INCOME (EXPENSES)
Interest income (expenses)	740	(239)
Interest expense – related party	(10,318)
Penalty expenses		(141,945)
Total Other Expenses	(9,578)	(142,184)
Loss Before Income Tax Benefit	(3,566,710)	(2,173,971)
Income tax benefit
NET LOSS	(3,566,710)	(2,173,971)
Preferred shares dividend expense	(31,387)	(36,952)
NET LOSS AVAILABLE TO COMMON STOCK HOLDERS	$ (3,598,097)	$ (2,210,923)
NET LOSS PER SHARE: BASIC	$ 0	$ (0.01)
NET LOSS PER SHARE: DILUTED	$ 0	$ (0.01)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	866,520,740	290,712,023
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: DILUTED	866,520,740	290,712,023

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance - August 31, 2022 at Aug. 31, 2021	$ 226,590	$ 120	$ 11,009,517	$ (6,578,978)	$ (7,473)	$ 4,649,776
Shares, Issued at Aug. 31, 2021	226,589,735	120,000
Put Shares issued for cash	$ 14,900		216,002			230,902
[custom:StockIssuedDuringPeriodPutSharesForCashShares]	14,900,000
Preferred shares Series C issuance		$ 758	586,148			586,906
[custom:SeriesCPreferredSharesIssuedShares]		757,965
Preferred shares series C converted into common shares	$ 85,715	$ (422)	(85,293)
Stock Issued During Period, Shares, Conversion of Units	85,715,176	(422,115)
Dividend in connection with Preferred shares series C			174,731			174,731
[custom:StockIssuedDuringPeriodPenaltyInConnectionSeriesCShares]
Preferred shares series D issuance			172,040			172,040
[custom:SeriesDPreferredSharesIssuedShares]		187
Preferred shares series D and dividend shares converted into common shares	$ 12,307		(12,307)
[custom:StockIssuedDuringPeriodSharesConversionOfUnitsSeriesD]	12,307,672	(187)
Stock based compensation - consultants	$ 45,000		576,000		(202,484)	418,516
Stock Issued During Period, Shares, Issued for Services	45,000,000
Net loss				(2,210,923)		(2,210,923)
Balance – August 31, 2023 at Aug. 31, 2022	$ 384,512	$ 456	12,636,838	(8,789,901)	(209,957)	4,021,948
Shares, Issued at Aug. 31, 2022	384,512,583	455,850
Preferred shares Series C issuance		$ 90	68,910			69,000
[custom:SeriesCPreferredSharesIssuedShares]		90,275
Preferred shares series C converted into common shares	$ 700,771	$ (250)	(700,521)
Stock Issued During Period, Shares, Conversion of Units	700,770,802	(250,268)
Dividend in connection with Preferred shares series C			31,387			31,387
[custom:StockIssuedDuringPeriodPenaltyInConnectionSeriesCShares]
Stock based compensation - consultants					209,957	209,957
Stock Issued During Period, Shares, Issued for Services
Net loss				(3,598,097)		(3,598,097)
Issuance of common shares	$ 200,000		(53,525)			146,475
Stock Issued During Period, Shares, New Issues	200,000,000
Preferred shares series C waived		$ (1)	1
Stock Issued During Period, Shares, Other		(1,436)
Imputed Interest			10,318			10,318
[custom:ReceivableWithInputedInterestShares]
Balance – August 31, 2023 at Aug. 31, 2023	$ 1,285,283	$ 295	$ 11,993,408	$ (12,387,998)		$ 890,988
Shares, Issued at Aug. 31, 2023	1,285,283,385	294,421

Consoolidated Statements of Cas

Consoolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (3,598,097)	$ (2,210,923)
Adjustments to reconcile net loss to net cash used in operating activities:
Executive salaries and consulting fees paid in stock	209,957	418,516
Depreciation of fixed asset	4,441	41,010
Amortization of intangible asset	3,048,172	3,221,789
Interest expense	10,318
Non-cash penalty and dividend expense for preferred shares	31,387	172,897
Non-cash lease expense	34,336	88,541
Changes in operating assets and liabilities:
Related party receivable		1,439
Prepaid expenses	13,035	531
Rent security & electricity deposit		(28,732)
Purchase deposits refunded (paid)	120,000	(881,724)
Purchase of movie and TV series broadcast right and copyright	(243,276)	(1,614,881)
Accounts payable and accrued liabilities	(137,023)	171,676
Accounts payable and accrued liabilities – related party	(8,739)	(918,307)
Deferred revenue	(38,000)	38,000
Net cash used in operating activities	(553,489)	(1,500,168)
CASH FLOWS FROM FINANCING ACTIVITIES
Loan from related parties	370,887	375,051
Proceeds from common stock issuances	146,475	318,141
Proceeds from preferred share C issuances	69,000	586,906
Proceeds from preferred share D issuances		172,040
Net cash provided by financing activities	586,362	1,452,138
Net increase (decrease) in cash and cash equivalents	32,873	(48,030)
Cash and cash equivalents – beginning of year	84,223	132,253
Cash and cash equivalents – end of year	117,096	84,223
Supplemental Cash Flow Disclosures
Cash paid for interest		239
Cash paid for income taxes
Non-Cash Investing and Financing Activities:
Change of ROU assets and lease liabilities due to cancellation of leases	43,489
Transfer from long term prepayment to intangible assets	461,724	1,406,385
Additions to ROU assets		$ 1,207,789

NOTE 1 _ ORGANIZATION AND BUSIN

NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS	12 Months Ended
	Aug. 31, 2023
Accounting Policies [Abstract]
NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS AB International Group Corp. (the “Company”, “we” or “us”) was incorporated under the laws of the State of Nevada on July 29, 2013 On April 22, 2020, the Company announced the first phase development of its video streaming service. The online service will be marketed and distributed in the world under the brand name ABQQ.tv. The Company's professional team are sourcing such dramas and films to provide video streaming service on the ABQQ.tv. The video streaming website www.ABQQ.tv was officially launched on December 29, 2020. The Company will continue marketing and promoting the ABQQ.tv website through GoogleAds and acquire additional broadcast rights for movies and TV series, and plan to charge subscription fees once the Company has obtained at least 200 broadcast rights of movie and TV series. On April 27, 2022, the Company purchased a unique Non-Fungible Token (“NFT”) movie and music marketplace, named as the NFT MMM from Stareastnet Portal Limited, an unrelated party, which including an APP “NFTMMM” on Google Play, and full right to the website: stareastnet.io. NFTs are digital assets with a unique identifier that is stored on a blockchain, and NFTs are tradable rights of digital assets (pictures, music, films, and virtual creations) where ownership is recorded in blockchain smart contracts. The Company has licensed NFT MMM platform to a third party for the operation and obtained license fee starting from August 20, 2022 until August 19, 2023 when the license agreement expired. On May 5, 2022, the Company incorporated AB Cinemas NY, Inc. in New York, NY, for the purpose of operating Mt. Kisco Theatre located at 144 Main Street, Mount Kisco, NY. The Company uses this theatre with a total of 5 screens and 466 seats for screening films. This is the Company’s first cinema in the United States and movie theater will become a new business line of the Company. The theatre started operating in October 2022. After a rough two years for movie theatres due to the pandemic, movie theaters are starting to show signs of life again. The Company is intending to shift the business strategy from online only to the combination of online and offline business.

NOTE 2 _ SUMMARY OF SIGNIFICANT

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Aug. 31, 2023
Accounting Policies [Abstract]
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and have been consistently applied. Principles of Consolidation The financial statements have been prepared on a consolidated basis, with the Company’s wholly owned subsidiary App Board Limited and AB Cinemas NY, Inc. All intercompany balances and transactions have been eliminated in consolidation. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. Foreign Currency Transactions The financial risk arises from the fluctuations in foreign exchange rates and the degrees of volatility in these rates. Currently the Company does not use derivative instruments to reduce its exposure to foreign currency risk. Gains and losses from translation of foreign currency into U.S. dollars are included in current results of operations. Prepayments Prepayments primarily consist of payments made to acquire the copyrights and distribution rights of movies, TV shows and music, etc. Prepayments are classified as either current or non-current based on the nature and the terms of the respective agreements. These prepayments are unsecured and are reviewed periodically to determine whether their carrying value has become impaired. The allowance is also based on management’s best estimate of specific losses on individual exposures, as well as a provision on historical trends of collections and utilizations. Actual amounts received or utilized may differ from management’s estimate of credit worthiness and the economic environment. Prepayments are written off against the allowances only after exhaustive collection efforts. No for the years ended August 31, 2023 and 2022. Property and Equipment, net Property, plant and equipment are stated at cost less accumulated depreciation and amortization. Leasehold improvement is related to the enhancements paid by the Company to leased offices. Leasehold improvement represents capital expenditures for direct costs of renovation or acquisition and design fees incurred. The amortization of leasehold improvements commences once the renovation is completed and ready for the Company’s intended use. The straight-line depreciation method is used to compute depreciation over the estimated useful lives of the assets, as follows: Estimated Useful Life Furniture 7 Appliances 5 Leasehold improvement Lesser of useful life and lease term Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterments that substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized in the consolidated statements of operations in other income or expenses. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Intangible Assets Intangible assets are recorded at the lower of cost or estimated fair value and amortized as follows: • Movie copyrights and broadcast rights: straight-line method over the estimated life of the asset, which has been determined by management to be 2 years • NFT MMM platform: straight-line method over the estimated life of the asset, which has been determined by management to be 2 years Amortized costs of the intangible asset are recorded as amortization expenses in the consolidated statements of operations.. Lease property under operating lease The Company adopted ASU No. 2016-02—Leases (Topic 842) since June 1, 2019, using a modified retrospective transition method permitted under ASU No. 2018-11. This transition approach provides a method for recording existing leases only at the date of adoption and does not require previously reported balances to be adjusted. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification. Adoption of the new standard resulted in the recording of additional lease assets and lease liabilities on the consolidated balance sheets. The standard did not materially impact the Company’s consolidated net earnings and cash flows. Impairment of Long-lived asset The Company evaluates its long-lived assets or asset group, including intangible assets with indefinite and finite lives, for impairment. Intangible assets with indefinite lives that are not subject to amortization are tested for impairment at least annually or more frequently if events or changes in circumstances indicate that the assets might be impaired in accordance with ASC 350. Such impairment test compares the fair values of assets with their carrying values with an impairment loss recognized when the carrying values exceed fair values. For long-lived assets and intangible assets with finite lives that are subject to depreciation and amortization are tested for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset or a group of long-lived assets may not be recoverable. When these events occur, the Company evaluates impairment by comparing the carrying amount of the assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flows is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the excess of the carrying amount of the asset group over its fair value. Impairment losses are included in the general and administrative expense. There was no , respectively. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Revenue Recognition The Company adopted ASC Topic 606, “Revenue from Contracts with Customers”, To determine revenue recognition for contracts with customers, the Company performs the following five steps: (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not The Company derives its revenues primarily from three sources: (1) selling copyrights of movies or TV shows; (2) licensing NFT MMM platform and providing technical service; (3) movie theater admissions and food and beverage sales. Revenue from selling copyrights of movies or TV shows: The Company recognizes revenue when master copy of movie or TV show is delivered, the IP is authorized and transferred to customers. The Company’s contracts with customer are primarily on a fixed-price basis and do not contain cancelable and refund-type provisions. Revenue from licensing NFT MMM platform and providing technical service fee: The Company derives revenue from NFTMM platform license fees, which includes accessing the NFTMM platform and platform data on both app and website. The Company's contract has one year term, and is non-cancelable and non-refundable. In accordance with ASC 606, a 'right to access' license is recognized over the license period. Initial technical service fee comprises of installation, implementation and necessary training required by the customer. These services fees are recognized as the services are delivered at a point in time. Revenue from movie theater admissions and food and beverage sales: The Company recognizes admissions and food and beverage revenues based on a gross transaction price which are recorded at a point in time when a film is exhibited to a customer and when a customer takes possession of food and beverage offerings. The Company defers 100% of the revenue associated with the sales of gift cards and exchange tickets until such time as the items are redeemed or estimated income from non-redemption is recorded. Contract Assets and Liabilities Payment terms are established on the Company’s pre-established credit requirements based upon an evaluation of customers’ credit quality. Contact assets are recognized for in related accounts receivable. Contract liabilities are recognized for contracts where payment has been received in advance of delivery. The contract liability balance can vary significantly depending on the timing of when an order is placed and when shipment or delivery occurs. As of August 31, 2023 and 2022, other than accounts receivable and deferred revenue, the Company had no AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Disaggregation of revenue The Company disaggregates its revenue from contracts by revenue streams, as the Company believes it best depicts how the nature, amount, timing and uncertainty of the revenue and cash flows are affected by economic factors. The following table presents sales by revenue streams for the years ended August 31, 2023 and 2022, respectively: August 31, 2023 August 31, 2022 Copyrights sales $ 250,000 $ 2,806,000 NFT licenses 698,000 122,000 Theatre admissions 345,057 — Food and beverage sales 180,165 — Total revenue $ 1,473,222 $ 2,928,000 Fair Value of Financial Instruments ASC 820, “Fair Value Measurements” (ASC 820) and ASC 825, “Financial Instruments” (ASC 825), requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level 1 – Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 – Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 – Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. ASC 820 describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach; and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. The carrying values of cash, accounts payable, and accrued liabilities approximate fair value due to their short-term nature. The fair values of warrant liabilities and derivative liabilities embedded in convertible notes are determined by level 3 inputs. No liabilities measured at fair value on a recurring basis as of August 31 . AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Basic and Diluted Earnings (Loss) Per Share The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”). ASC 260 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as net income (loss) divided by the weighted average common shares outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. As of August 31, 2023, the total number of warrants outstanding was 50,000,000 Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation. Warrants Warrants are classified as equity and the proceeds from issuing warrants in conjunction with convertible notes are allocated based on the relative fair values of the base instrument of convertible notes and the warrants by following the guidance of ASC 470-20-25-2 . Proceeds from the sale of a debt instrument with stock purchase warrants (detachable call options) shall be allocated to the two elements based on the relative fair values of the debt instrument without the warrants and of the warrants themselves at time of issuance. The portion of the proceeds so allocated to the warrants shall be accounted for as paid-in capital. The remainder of the proceeds shall be allocated to the debt instrument portion of the transaction. This usually results in a discount (or, occasionally, a reduced premium), which shall be accounted for as interest expense under Topic 835 Interest. Income Taxes The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. Income taxes are accounted for using the asset and liability approach. Under this approach, income tax expense is recognized for the amount of taxes payable or refundable for the current year. Deferred income taxes assets and liabilities are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. 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 the consolidated statement of operations in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. Share-Based Compensation The Company follows the provisions of ASC 718, “Compensation - Stock Compensation,” which establishes the accounting for employee share-based awards. For employee share-based awards, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense with graded vesting on a straight-line basis over the requisite service period for the entire award. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Recent Accounting Pronouncements In October 2021, the FASB issued ASU No. 2021-08, “‘Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers” (“ASU 2021-08”). This ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments improve comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with customers acquired in a business combination and revenue contracts with customers not acquired in a business combination. The amendments are effective for the Company beginning after December 15, 2023, and are applied prospectively to business combinations that occur after the effective date. The Company does not expect the adoption of ASU 2021-04 to have a material effect on the consolidated financial statements. In June 2022, the FASB issued ASU No. 2022-03, "Fair Value Measurements (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions," which clarifies and amends the guidance of measuring the fair value of equity securities subject to contractual restrictions that prohibit the sale of the equity securities. The guidance will be effective for fiscal years beginning after December 15, 2023 and interim periods within those fiscal years. The Company does not expect the adoption to have a material impact on the consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated balance sheets, statements of operations and statements of cash flows.

NOTE 3 _ GOING CONCERN

NOTE 3 – GOING CONCERN	12 Months Ended
	Aug. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NOTE 3 – GOING CONCERN	NOTE 3 – GOING CONCERN The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As of August 31 , the Company had an accumulated deficit of approximately $12.4 million $1.0 million the Company incurred a net loss of approximately $3.6 million .6 million These factors, among others, raise the substantial doubt regarding the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 4 _ PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT	12 Months Ended
	Aug. 31, 2023
Property, Plant and Equipment [Abstract]
NOTE 4 – PROPERTY AND EQUIPMENT	NOTE 4 – PROPERTY AND EQUIPMENT The Company capitalized the renovation cost as leasehold improvement and the cost of furniture and appliances as fixed asset. Leasehold improvement relates to renovation and upgrade of the leased office. The depreciation expense was $4,441 $41,010 , respectively. As of August 31 , the balance of property and equipment was as follows: August 31, 2023 August 31, 2022 Leasehold improvement $ 146,304 $ 146,304 Appliances and furniture 25,974 25,974 Total cost 172,278 172,278 Accumulated depreciation ( 164,024 ) ( 159,583 ) Property and equipment, net $ 8,254 $ 12,695

NOTE 5 _ INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS	12 Months Ended
	Aug. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
NOTE 5 – INTANGIBLE ASSETS	NOTE 5 – INTANGIBLE ASSETS As of August 31 , the balance of intangible assets was as follows: August 31, 2023 August 31, 2022 Movie copyrights - Love over the world $ 853,333 $ 853,333 Sitcom copyrights - Chujian 640,000 640,000 Movie copyrights - A story as a picture 422,400 422,400 Movie copyrights - Our treasures 936,960 936,960 Movie broadcast right- On the way 256,000 256,000 Movie copyrights - Too simple 1,271,265 1,271,265 Movie copyrights - Confusion 1,024,000 1,024,000 Movie copyrights - Amazing Data 300,000 — Movie copyrights - Nice to meet you 300,000 — TV drama copyright - 20 episodes 295,000 190,000 Movie and TV series broadcast rights 2,439,840 2,439,840 NFT MMM platform 280,000 280,000 Total cost 9,018,798 8,313,798 Accumulated amortization (7,563,688 ) (4,515,516 ) Intangible assets, net $ 1,455,110 $ 3,798,282 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 5 – INTANGIBLE ASSETS (Continued) The amortization expense for the years ended was $3,048,172 and $3,221,789 , respectively. Twelve months ending August 31, 2023 Amortization expense 2024 $ 1,362,610 2025 92,500 Total $ 1,455,110 In March 2022, the Company signed a purchase agreement with All In One Media Ltd to acquire the copyrights and broadcast rights for five movies at a price of $1,500,000 $600,000 $356,724 $356,724 $243,276 Per amended agreement, the remaining three movies will be delivered upon receiving the payment of minimum $300,000 per movie from the Company before December 31, 2022. The agreement was terminated on December 31, 2022 due to the fact that the Company did not make the payments for the remaining movies In March 2022, the Company signed a purchase agreement with Anyone Pictures Limited to acquire the copyright for broadcasting a 25-episode TV drama series outside of mainland China, at a price of $525,000 $420,000 On August 6, 2022, the Company licensed NFT MMM platform to a third party to allow the access of NFTMM platform and platform data on both app and website for one year starting from August 20, 2022 for a monthly license fee of $60,000 $698,000 On May 31, 2023, the Company entered into an agreement with Capitalive Holdings Limited to sell the offline broadcast rights of total 59 movies for a price of $250,000 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 6 _ LEASES

NOTE 6 – LEASES	12 Months Ended
	Aug. 31, 2023
Leases [Abstract]
NOTE 6 – LEASES	NOTE 6 – LEASES The Company leased certain office space in Hong Kong from Zestv Studios Limited, a Hong Kong entity 100% owned by the Chief Executive Officer Chiyuan Deng, under operating lease for three years $66,048 $66,048 The Company also leased an office space in Singapore under operating lease from April 13, 2021 to March 31, 2022 with monthly rental of $716 one year $20,400 one year $22,440 On October 21, 2021, the Company signed a lease agreement to lease “the Mt. Kisco Theatre”, a movie theater, for five years $14,366 Total lease expense for the years ended August 31, 2023 and 2022 was $291,319 $289,411 The following is a schedule of maturities of lease liabilities: Twelve months ending August 31, 2024 $ 216,364 2025 250,555 2026 255,412 2027 107,275 Total future minimum lease payments 829,606 Less: imputed interest ( 9,950 ) Total $ 819,656

NOTE 7 _ PURCHASE DEPOSITS FOR

NOTE 7 – PURCHASE DEPOSITS FOR INTANGIBLE ASSETS	12 Months Ended
	Aug. 31, 2023
Accounting Policies [Abstract]
NOTE 7 – PURCHASE DEPOSITS FOR INTANGIBLE ASSETS	NOTE 7 – PURCHASE DEPOSITS FOR INTANGIBLE ASSETS The balance of purchase deposits for intangible assets which relates to the acquisition of copyrights and broadcast rights for movies and TV dramas and software was as follows: August 31, 2023 August 31, 2022 Purchase deposit for movies and TV dramas $ — $ 881,724 Purchase deposit for software 300,000 — Total purchase deposits for intangible assets $ 300,000 $ 881,724 On June 8, 2023, the Group has entered into software development contract for the creation of the streaming software designed for use on both the website and mobile applications. Pursuant to the contract’s terms, the Developer is contractually obliged to deliver the software by September 8, 2024, which corresponds to the upcoming 15-month period $1,500,000 $300,000 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 8 _ RELATED PARTY TRANSACT

NOTE 8 – RELATED PARTY TRANSACTIONS	12 Months Ended
	Aug. 31, 2023
Related Party Transactions [Abstract]
NOTE 8 – RELATED PARTY TRANSACTIONS	NOTE 8 – RELATED PARTY TRANSACTIONS Loan from related parties In support of the Company’s efforts and cash requirements, it may rely on advances from stockholders until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. On June 1, 2023, Chiyuan Deng, the Chief Executive Officer, as the Company stockholders, entered into a line of credit agreement with the Company. Chiyuan Deng agreed to provide a line of credit to the Company for a total amount of no more than $1,500,000 $697,281 5% $748,285 $144,516 Jianli Deng, the former Chief Financial Officer, as the Company’s stockholders, make advances periodically to the Company for working capital purpose. As of August 31, 2023 and 2022, the Company had loan from Jianli Deng balance of $0 $232,882 Accounts payable and accrued liabilities - related party - Youall Perform Services Ltd. Youall Perform Services Ltd is owned by Jianli Deng, the former Chief Financial Officer. In September 2019, the Company entered into an agreement with Youall Perform Services Ltd for two transactions. 1) The Company pays Youall Perform Services Ltd. 10% $128,000 $108,800 $128,000 $108,800 $19,200 , the Company made payment of $12,812 $6,388 Accounts payable and accrued liabilities – related party - Zestv Studios Limited On December 1, 2020, the Company entered an agreement with Zestv Studios Limited, a Hong Kong entity 100% owned by Chiyuan Deng, the Chief Executive Officer, to grant Zestv Studios Limited the distribution right for the movie “Love over the world” and charge Zestv Studios Limited movie royalties. The Company’s royalty revenue is stipulated to equal 43% of the after-tax movie box office revenue deducting movie issuance costs. The movie box office revenue is tracked by a movie distributor Huaxia Film Distribution Co. Ltd (hereafter “Hua Xia”) in China as it connects with all movie theaters in China and can track the total movie box office revenue online in real time. Although Zestv Studios Limited has paid royalty revenue to the Company, Zestv Studios Limited failed to collect cash from Hua Xia. As of August 31, 2021, the Company had refund payable of $916,922 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 8 – RELATED PARTY TRANSACTIONS (continued) Accounts payable and accrued liabilities – related party - Zestv Studios Limited On June 23, 2022, the Company sold the mainland China copyright and broadcast right of the movie “Too Simple” to Zestv Studios Limited for a price of $750,000 $151,795 $15,127 As of August 31, 2023 and 2022, the Company had balance of $0 $15,127 The Company also rented an office space from Zestv Studios Limited. The lease was early terminated on August 31, 2023 (See Note 6). For the years ended August 31, 2023 and 2022, the Company incurred related party office rent expense of $66,048 $66,048 Executives’ salaries On September 11, 2020 and May 24, 2022, the Company entered into two amended employment agreements with Chiyuan Deng, the Chief Executive Officer. Pursuant the amended agreements, the Company amended the compensation to Mr. Deng to include a salary of $180,000 100,000 $0.001 Deng returned 266,667 For the years ended the Company incurred total compensation of $198,113 $393,165 $32,446 $154,473 .

NOTE 9 _ STOCKHOLDERS_ EQUITY

NOTE 9 – STOCKHOLDERS’ EQUITY	12 Months Ended
	Aug. 31, 2023
Equity [Abstract]
NOTE 9 – STOCKHOLDERS’ EQUITY	NOTE 9 – STOCKHOLDERS’ EQUITY Common shares The Company had the following activities during the year ended : Increasing authorized number of common shares On October 11, 2022, the Company filed amendment to Articles of Incorporation to increase the authorized number of common shares from 1,000,000,000 10,000,000,000 Conversion of Series C preferred shares to common shares During the year ended August 31, 2023, the Company issued total 700,770,802 250,268 Pursuant to the common stock purchase agreement signed with Alumni Capital LP on August 2, 2022 , for the year ended August 31, 2023, Alumni Capital LP subscribed total of 200,000,000 $146,475 The agreement expired on December 31, 2022. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 9 – STOCKHOLDERS’ EQUITY (continued) Common shares The Company had the following equity activities during the year ended August 31, 2022: • The Company issued 2,500,000 3,000,000 $0.02288 $0.02719 • The Company issued 1,800,000 shares of common stock for cash at $0.01548 per share, and 3,000,000 shares of common stock for cash at $0.01716 per share, and 2,300,000 shares of common stock for cash at $0.01729 per share, and 2,300,000 shares of common stock for cash at $0.0110 per share to Peak One during Q2 2022. • As stock-based compensation for annual bonus for calendar year of 2021, the Company issued 5,000,000 shares restricted common stock to the Chief Investment Officer and 10,000,000 shares restricted common stock to the Chief Executive Officer which were valuated at market price $0.0138 per share in Q2 2022. • The Company issued 30,000,000 shares of restricted stock at market price $0.0138 per share to seven consultants for 6 months to 18 months consulting services of movies and NFT related business in Q2 2022. • The Company issued total 85,715,176 of common shares from preferred shares series C conversion during the year. • The Company issued total 12,307,672 of common shares from preferred shares series D conversion during the year. Subscription of Common shares On August 2, 2022, the Company entered into a common stock purchase agreement with Alumni Capital LP, a Delaware limited partnership. Pursuant to the agreement, Alumni Capital LP shall purchase $1.0 million The purchase price is number of common stocks in a Purchase Notice issued by the Company multiplied by 75% of the lowest traded price of the Common Stock five Business Days prior to the Closing, which is no later than five business days after the Purchase Notice Date. In connection with this common stock purchase, Alumni Capital LP is also entitled to purchase up to 50,000,000 $0.02 5 years $234,000 $0.0048 2.85% 5 years $0.02 221.4% $0 The Company plans to use the proceeds from the sale of the common stocks for general corporate and working capital purposes and acquisitions or assets, businesses or operations or for other purposes that the Board of Directors, in good faith deem to be in the best interest of the Company. The registration of these securities was effective on September 13, 2022. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 9 – STOCKHOLDERS’ EQUITY (Continued) Common shares A summary of the status of the Company’s warrants as of August 31, 2023 and 2022 is presented below. Number of warrants Original shares issued Anti-dilution Adjusted Warrants as of August 31, 2021 — — Warrants granted during the year 50,000,000 — Warrants as of August 31, 2022 50,000,000 — Warrants granted during the year — — Exercisable as of August 31, 2023 50,000,000 — Preferred shares The Company had the following activities for the year ended : On September 6, 2022, the Company entered into a securities purchase agreement with an accredited investor, whereby investor purchased from the Company 90,275 $78,500 $69,000 On June 21, 2023, 1,436 shares of Series C Convertible Preferred Stock of the Company were waived by the accredited investor. The Company recorded dividend expenses of $31,387 $36,952 , respectively. The Company had the following equity activities during the year ended August 31, 2022: On September 3, 2021, the Company entered into a securities purchase agreement with an accredited investor, whereby the investor purchased from the Company 234,300 $203,500 $184,000 On October 21, 2021, the Company entered into a securities purchase agreement with an accredited investor, whereby investor purchased from the Company 98,325 $85,450 $75,390 During the quarter ended November 30, 2021, the Company issued 153 $153,000 $140,760 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 9 – STOCKHOLDERS’ EQUITY (Continued) Preferred shares On December 9, 2021, the Company issued 34 $34,000 $31,280 On January 21, 2022, the Company entered into a securities purchase agreement with an accredited investor, whereby investor purchased from the Company 89,490 $78,035 $68,535 On March 16, 2022, the Company entered into a securities purchase agreement with an accredited investor, whereby investor purchased from the Company 96,075 $83,500 $73,600 On June 1, 2022, the Company entered into a securities purchase agreement with an accredited investor, whereby investor purchased from the Company 147,775 $128,500 $115,000 On July 19, 2022, the Company entered into a securities purchase agreement with an accredited investor, whereby investor purchased from the Company 92,000 $80,000 $70,380 The Company recorded dividend expenses of $36,952 $25,835 $141,945 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 10 _ INCOME TAXES

NOTE 10 – INCOME TAXES	12 Months Ended
	Aug. 31, 2023
Income Tax Disclosure [Abstract]
NOTE 10 – INCOME TAXES	NOTE 10 – INCOME TAXES The Company and its fully owned subsidiary, AB Cinemas NY, Inc, were incorporated in the United States and are subject to a statutory income tax rate at 21%. a statutory income tax rate at As of August 31 and 2022, the components of net deferred tax assets, including a valuation allowance, were as follows: August 31, 2023 August 31, 2022 Deferred tax asset attributable to: Net operating loss carry over $ 2,077,213 $ 1,328,204 Less: valuation allowance ( 2,077,213 ) ( 1,328,204 ) Net deferred tax asset $ — $ — The valuation allowance for deferred tax assets was $ 2,077,213 and $1,328,204 and 2022, respectively. In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not the deferred tax assets would not be realized as of August 31 and 2022. Reconciliation between the statutory rate and the effective tax rate is as follows for the years ended and 2022: Year ended August 31, 2023 2022 Federal statutory tax rate 21 % 21 % Change in valuation allowance (21 %) (21 %) Effective tax rate 0 % 0 % For the years ended and 2022, the Company and its subsidiaries incurred net losses. As a result, the Company and its subsidiaries did not incur any income tax for the years ended and 2022. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 11 _ CONCENTRATION RISK

NOTE 11 – CONCENTRATION RISK	12 Months Ended
	Aug. 31, 2023
Risks and Uncertainties [Abstract]
NOTE 11 – CONCENTRATION RISK	NOTE 11 – CONCENTRATION RISK Concentration For the year ended , 47% 17% , 70% 26% no Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. The Hong Kong Deposit Protection Board pays compensation up to a limit of HKD 500,000 (approximately $64,000 $92,972 $70,602 $250,000 $24,124 $13,621

NOTE 12 _ COMMITMENTS AND CONTI

NOTE 12 – COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Aug. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
NOTE 12 – COMMITMENTS AND CONTINGENCIES	NOTE 12 – COMMITMENTS AND CONTINGENCIES Contingencies From time to time, the Company may be involved in litigation relating to claims arising out of its operations in the normal course of business. There is no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of its operations and there are no proceedings in which any of the Company’s directors, officers, or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to the Company’s interest. Operating leases The Company has several lease agreements to rent office spaces and movie theatre with its related party and third-party vendors. (See Note 6) AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 13 _ SEGMENT INFORMATION

NOTE 13 – SEGMENT INFORMATION	12 Months Ended
	Aug. 31, 2023
Segment Reporting [Abstract]
NOTE 13 – SEGMENT INFORMATION	NOTE 13 – SEGMENT INFORMATION The Company reports information about operating segments in accordance with ASC 280-10, Segment Reporting, which requires financial information to be reported based on the way management organizes segments within a company for making operating decisions and evaluating performance. As the result of business strategic changes, the Company has identified two reportable segments: Copyrights and license (“IP’) segment and cinema segment. The following table presents summary information by segment for the years ended August 31, 2023 and 2022, respectively. NOTE 13 - SEGMENT INFORMATION - Segment Information IP Segment Cinema Segment Total Year ended Year ended Year ended August 31 August 31 August 31 2023 2022 2023 2022 2023 2022 Revenue $ 948,000 $ 2,928,000 $ 525,222 $ — $ 1,473,222 $ 2,928,000 Operating costs — — 243,635 — 243,635 — Depreciation and Amortization 3,052,613 3,262,799 — — 3,052,613 3,262,799 Interest expense 9,578 239 — — 9,578 239 Segment assets 2,598,255 5,839,217 23,825 — 2,622,080 5,839,217 Segment income (loss) $ (3,720,974 ) $ (2,173,971 ) $ 154,264 $ — $ (3,566,710 ) $ (2,173,971 )

NOTE 14 _ SUBSEQUENT EVENTS

NOTE 14 – SUBSEQUENT EVENTS	12 Months Ended
	Aug. 31, 2023
Subsequent Events [Abstract]
NOTE 14 – SUBSEQUENT EVENTS	NOTE 14 – SUBSEQUENT EVENTS In accordance with ASC 855-10, the Company has analyzed its operations subsequent to the date these financial statements were issued. Conversion of Series C preferred stock to common stock Subsequent to the year ended August 31, 2023, the Company issued total 1,056,681,936 common shares for the conversion of total 174,421 Series C preferred stock. Reverse Stock split As previously disclosed in the Company’s Form 10-Q for the quarter ended May 31, 2023, on June 12, 2023, the Board of Directors approved a reverse split for the Company’s issued and outstanding common stock, at a ratio of 1 share for every 10,000 shares, contingent upon receiving a market effectiveness date from FINRA. On September 8, 2023, however, the Board of Directors decided to cancel the company's upcoming 10,000 to 1 reverse split. The Board of Directors decided it would not be in the best interest of the stockholders or the Company to execute a reverse split at this time. The Company informed FINRA that it will not be moving forward with the reverse split and wthdrew its application. Insurance of common shares On October 5, 2023, the Board of Directors resolved to issue 225,000,000 shares of the Company’s restricted common stock, par value $0.001 per share, to Chiyuan Deng, the Chief Executive Officer, as executive salaries.

NOTE 2 _ SUMMARY OF SIGNIFICA_2

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Aug. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and have been consistently applied.
Principles of Consolidation	Principles of Consolidation The financial statements have been prepared on a consolidated basis, with the Company’s wholly owned subsidiary App Board Limited and AB Cinemas NY, Inc. All intercompany balances and transactions have been eliminated in consolidation. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.
Foreign Currency Transactions	Foreign Currency Transactions The financial risk arises from the fluctuations in foreign exchange rates and the degrees of volatility in these rates. Currently the Company does not use derivative instruments to reduce its exposure to foreign currency risk. Gains and losses from translation of foreign currency into U.S. dollars are included in current results of operations.
Prepayments	Prepayments Prepayments primarily consist of payments made to acquire the copyrights and distribution rights of movies, TV shows and music, etc. Prepayments are classified as either current or non-current based on the nature and the terms of the respective agreements. These prepayments are unsecured and are reviewed periodically to determine whether their carrying value has become impaired. The allowance is also based on management’s best estimate of specific losses on individual exposures, as well as a provision on historical trends of collections and utilizations. Actual amounts received or utilized may differ from management’s estimate of credit worthiness and the economic environment. Prepayments are written off against the allowances only after exhaustive collection efforts. No for the years ended August 31, 2023 and 2022.
Property and Equipment, net	Property and Equipment, net Property, plant and equipment are stated at cost less accumulated depreciation and amortization. Leasehold improvement is related to the enhancements paid by the Company to leased offices. Leasehold improvement represents capital expenditures for direct costs of renovation or acquisition and design fees incurred. The amortization of leasehold improvements commences once the renovation is completed and ready for the Company’s intended use. The straight-line depreciation method is used to compute depreciation over the estimated useful lives of the assets, as follows: Estimated Useful Life Furniture 7 Appliances 5 Leasehold improvement Lesser of useful life and lease term Expenditures for maintenance and repairs, which do not materially extend the useful lives of the assets, are charged to expense as incurred. Expenditures for major renewals and betterments that substantially extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed from the respective accounts, and any gain or loss is recognized in the consolidated statements of operations in other income or expenses. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Intangible Assets	Intangible Assets Intangible assets are recorded at the lower of cost or estimated fair value and amortized as follows: • Movie copyrights and broadcast rights: straight-line method over the estimated life of the asset, which has been determined by management to be 2 years • NFT MMM platform: straight-line method over the estimated life of the asset, which has been determined by management to be 2 years Amortized costs of the intangible asset are recorded as amortization expenses in the consolidated statements of operations..
Lease property under operating lease	Lease property under operating lease The Company adopted ASU No. 2016-02—Leases (Topic 842) since June 1, 2019, using a modified retrospective transition method permitted under ASU No. 2018-11. This transition approach provides a method for recording existing leases only at the date of adoption and does not require previously reported balances to be adjusted. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification. Adoption of the new standard resulted in the recording of additional lease assets and lease liabilities on the consolidated balance sheets. The standard did not materially impact the Company’s consolidated net earnings and cash flows.
Impairment of Long-lived asset	Impairment of Long-lived asset The Company evaluates its long-lived assets or asset group, including intangible assets with indefinite and finite lives, for impairment. Intangible assets with indefinite lives that are not subject to amortization are tested for impairment at least annually or more frequently if events or changes in circumstances indicate that the assets might be impaired in accordance with ASC 350. Such impairment test compares the fair values of assets with their carrying values with an impairment loss recognized when the carrying values exceed fair values. For long-lived assets and intangible assets with finite lives that are subject to depreciation and amortization are tested for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying amount of an asset or a group of long-lived assets may not be recoverable. When these events occur, the Company evaluates impairment by comparing the carrying amount of the assets to future undiscounted net cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flows is less than the carrying amount of the assets, the Company would recognize an impairment loss based on the excess of the carrying amount of the asset group over its fair value. Impairment losses are included in the general and administrative expense. There was no , respectively. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Revenue Recognition	Revenue Recognition The Company adopted ASC Topic 606, “Revenue from Contracts with Customers”, To determine revenue recognition for contracts with customers, the Company performs the following five steps: (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not The Company derives its revenues primarily from three sources: (1) selling copyrights of movies or TV shows; (2) licensing NFT MMM platform and providing technical service; (3) movie theater admissions and food and beverage sales. Revenue from selling copyrights of movies or TV shows: The Company recognizes revenue when master copy of movie or TV show is delivered, the IP is authorized and transferred to customers. The Company’s contracts with customer are primarily on a fixed-price basis and do not contain cancelable and refund-type provisions. Revenue from licensing NFT MMM platform and providing technical service fee: The Company derives revenue from NFTMM platform license fees, which includes accessing the NFTMM platform and platform data on both app and website. The Company's contract has one year term, and is non-cancelable and non-refundable. In accordance with ASC 606, a 'right to access' license is recognized over the license period. Initial technical service fee comprises of installation, implementation and necessary training required by the customer. These services fees are recognized as the services are delivered at a point in time. Revenue from movie theater admissions and food and beverage sales: The Company recognizes admissions and food and beverage revenues based on a gross transaction price which are recorded at a point in time when a film is exhibited to a customer and when a customer takes possession of food and beverage offerings. The Company defers 100% of the revenue associated with the sales of gift cards and exchange tickets until such time as the items are redeemed or estimated income from non-redemption is recorded. Contract Assets and Liabilities Payment terms are established on the Company’s pre-established credit requirements based upon an evaluation of customers’ credit quality. Contact assets are recognized for in related accounts receivable. Contract liabilities are recognized for contracts where payment has been received in advance of delivery. The contract liability balance can vary significantly depending on the timing of when an order is placed and when shipment or delivery occurs. As of August 31, 2023 and 2022, other than accounts receivable and deferred revenue, the Company had no AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Disaggregation of revenue The Company disaggregates its revenue from contracts by revenue streams, as the Company believes it best depicts how the nature, amount, timing and uncertainty of the revenue and cash flows are affected by economic factors. The following table presents sales by revenue streams for the years ended August 31, 2023 and 2022, respectively: August 31, 2023 August 31, 2022 Copyrights sales $ 250,000 $ 2,806,000 NFT licenses 698,000 122,000 Theatre admissions 345,057 — Food and beverage sales 180,165 — Total revenue $ 1,473,222 $ 2,928,000
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC 820, “Fair Value Measurements” (ASC 820) and ASC 825, “Financial Instruments” (ASC 825), requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level 1 – Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 – Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 – Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. ASC 820 describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach; and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. The carrying values of cash, accounts payable, and accrued liabilities approximate fair value due to their short-term nature. The fair values of warrant liabilities and derivative liabilities embedded in convertible notes are determined by level 3 inputs. No liabilities measured at fair value on a recurring basis as of August 31 . AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Basic and Diluted Earnings (Loss) Per Share	Basic and Diluted Earnings (Loss) Per Share The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”). ASC 260 requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as net income (loss) divided by the weighted average common shares outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. As of August 31, 2023, the total number of warrants outstanding was 50,000,000
Reclassification	Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation.
Warrants	Warrants Warrants are classified as equity and the proceeds from issuing warrants in conjunction with convertible notes are allocated based on the relative fair values of the base instrument of convertible notes and the warrants by following the guidance of ASC 470-20-25-2 . Proceeds from the sale of a debt instrument with stock purchase warrants (detachable call options) shall be allocated to the two elements based on the relative fair values of the debt instrument without the warrants and of the warrants themselves at time of issuance. The portion of the proceeds so allocated to the warrants shall be accounted for as paid-in capital. The remainder of the proceeds shall be allocated to the debt instrument portion of the transaction. This usually results in a discount (or, occasionally, a reduced premium), which shall be accounted for as interest expense under Topic 835 Interest.
Income Taxes	Income Taxes The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. Income taxes are accounted for using the asset and liability approach. Under this approach, income tax expense is recognized for the amount of taxes payable or refundable for the current year. Deferred income taxes assets and liabilities are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. 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 the consolidated statement of operations in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.
Share-Based Compensation	Share-Based Compensation The Company follows the provisions of ASC 718, “Compensation - Stock Compensation,” which establishes the accounting for employee share-based awards. For employee share-based awards, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense with graded vesting on a straight-line basis over the requisite service period for the entire award. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Recent Accounting Pronouncements	Recent Accounting Pronouncements In October 2021, the FASB issued ASU No. 2021-08, “‘Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers” (“ASU 2021-08”). This ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments improve comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with customers acquired in a business combination and revenue contracts with customers not acquired in a business combination. The amendments are effective for the Company beginning after December 15, 2023, and are applied prospectively to business combinations that occur after the effective date. The Company does not expect the adoption of ASU 2021-04 to have a material effect on the consolidated financial statements. In June 2022, the FASB issued ASU No. 2022-03, "Fair Value Measurements (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions," which clarifies and amends the guidance of measuring the fair value of equity securities subject to contractual restrictions that prohibit the sale of the equity securities. The guidance will be effective for fiscal years beginning after December 15, 2023 and interim periods within those fiscal years. The Company does not expect the adoption to have a material impact on the consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated balance sheets, statements of operations and statements of cash flows.

NOTE 2 _ SUMMARY OF SIGNIFICA_3

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Aug. 31, 2023
Accounting Policies [Abstract]
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Useful Life	Estimated Useful Life Furniture 7 Appliances 5 Leasehold improvement Lesser of useful life and lease term
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Dissaggregation of Revenues (Details	August 31, 2023 August 31, 2022 Copyrights sales $ 250,000 $ 2,806,000 NFT licenses 698,000 122,000 Theatre admissions 345,057 — Food and beverage sales 180,165 — Total revenue $ 1,473,222 $ 2,928,000

NOTE 4 _ PROPERTY AND EQUIPME_2

NOTE 4 – PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Aug. 31, 2023
Property, Plant and Equipment [Abstract]
NOTE 5 - PROPERTY AND EQUIPMENT - Leasehold Improvement	August 31, 2023 August 31, 2022 Leasehold improvement $ 146,304 $ 146,304 Appliances and furniture 25,974 25,974 Total cost 172,278 172,278 Accumulated depreciation ( 164,024 ) ( 159,583 ) Property and equipment, net $ 8,254 $ 12,695

NOTE 5 _ INTANGIBLE ASSETS (Tab

NOTE 5 – INTANGIBLE ASSETS (Tables)	12 Months Ended
	Aug. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
NOTE 6 - INTANGIBLE ASSETS	August 31, 2023 August 31, 2022 Movie copyrights - Love over the world $ 853,333 $ 853,333 Sitcom copyrights - Chujian 640,000 640,000 Movie copyrights - A story as a picture 422,400 422,400 Movie copyrights - Our treasures 936,960 936,960 Movie broadcast right- On the way 256,000 256,000 Movie copyrights - Too simple 1,271,265 1,271,265 Movie copyrights - Confusion 1,024,000 1,024,000 Movie copyrights - Amazing Data 300,000 — Movie copyrights - Nice to meet you 300,000 — TV drama copyright - 20 episodes 295,000 190,000 Movie and TV series broadcast rights 2,439,840 2,439,840 NFT MMM platform 280,000 280,000 Total cost 9,018,798 8,313,798 Accumulated amortization (7,563,688 ) (4,515,516 ) Intangible assets, net $ 1,455,110 $ 3,798,282
NOTE 5 - INTANGIBLE ASSETS - Estimated Amortization Expense	Twelve months ending August 31, 2023 Amortization expense 2024 $ 1,362,610 2025 92,500 Total $ 1,455,110

NOTE 6 _ LEASES (Tables)

NOTE 6 – LEASES (Tables)	12 Months Ended
	Aug. 31, 2023
Leases [Abstract]
NOTE 6 - LEASES - Future Lease Payments	Twelve months ending August 31, 2024 $ 216,364 2025 250,555 2026 255,412 2027 107,275 Total future minimum lease payments 829,606 Less: imputed interest ( 9,950 ) Total $ 819,656

NOTE 7 _ PURCHASE DEPOSITS FO_2

NOTE 7 – PURCHASE DEPOSITS FOR INTANGIBLE ASSETS (Tables)	12 Months Ended
	Aug. 31, 2023
Accounting Policies [Abstract]
NOTE 7 - PURCHASE DEPOSITS FOR INTANGIBLE ASSETS - Movie Copyrights and Broadcast Rights Pre-Payments	August 31, 2023 August 31, 2022 Purchase deposit for movies and TV dramas $ — $ 881,724 Purchase deposit for software 300,000 — Total purchase deposits for intangible assets $ 300,000 $ 881,724

NOTE 9 _ STOCKHOLDERS_ EQUITY (

NOTE 9 – STOCKHOLDERS’ EQUITY (Tables)	12 Months Ended
	Aug. 31, 2023
Equity [Abstract]
NOTE 9 - STOCKHOLDERS' EQUITY - A Summary of Warrant Activity	Number of warrants Original shares issued Anti-dilution Adjusted Warrants as of August 31, 2021 — — Warrants granted during the year 50,000,000 — Warrants as of August 31, 2022 50,000,000 — Warrants granted during the year — — Exercisable as of August 31, 2023 50,000,000 —

NOTE 10 _ INCOME TAXES (Tables)

NOTE 10 – INCOME TAXES (Tables)	12 Months Ended
	Aug. 31, 2023
Income Tax Disclosure [Abstract]
NOTE 14 - INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities	August 31, 2023 August 31, 2022 Deferred tax asset attributable to: Net operating loss carry over $ 2,077,213 $ 1,328,204 Less: valuation allowance ( 2,077,213 ) ( 1,328,204 ) Net deferred tax asset $ — $ —
NOTE 14 - INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation	Year ended August 31, 2023 2022 Federal statutory tax rate 21 % 21 % Change in valuation allowance (21 %) (21 %) Effective tax rate 0 % 0 %

NOTE 13 _ SEGMENT INFORMATION (

NOTE 13 – SEGMENT INFORMATION (Tables)	12 Months Ended
	Aug. 31, 2023
Segment Reporting [Abstract]
NOTE 13 - SEGMENT INFORMATION - Segment Information	NOTE 13 - SEGMENT INFORMATION - Segment Information IP Segment Cinema Segment Total Year ended Year ended Year ended August 31 August 31 August 31 2023 2022 2023 2022 2023 2022 Revenue $ 948,000 $ 2,928,000 $ 525,222 $ — $ 1,473,222 $ 2,928,000 Operating costs — — 243,635 — 243,635 — Depreciation and Amortization 3,052,613 3,262,799 — — 3,052,613 3,262,799 Interest expense 9,578 239 — — 9,578 239 Segment assets 2,598,255 5,839,217 23,825 — 2,622,080 5,839,217 Segment income (loss) $ (3,720,974 ) $ (2,173,971 ) $ 154,264 $ — $ (3,566,710 ) $ (2,173,971 )

NOTE 1 _ ORGANIZATION AND BUS_2

NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative)	12 Months Ended
	Aug. 31, 2023
Accounting Policies [Abstract]
Entity Incorporation, Date of Incorporation	Jul. 29, 2013

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Useful Life (Details)	12 Months Ended
	Aug. 31, 2023
Total Cost
Finite-Lived Intangible Assets [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Appliances [Member]
Finite-Lived Intangible Assets [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Copyrights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Method	straight-line method over the estimated life of the asset, which has been determined by management to be 2 years
Finite-Lived Intangible Asset, Useful Life	2 years
N F T Platform [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Method	straight-line method over the estimated life of the asset, which has been determined by management to be 2 years
Finite-Lived Intangible Asset, Useful Life	2 years

NOTE 2 - SUMMARY OF SIGNIFICA_2

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Dissaggregation of Revenues (Details - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 948,000	$ 2,928,000
Revenue Not from Contract with Customer	525,222
Total revenue	1,473,222	2,928,000
Copyright Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	250,000	2,806,000
N F T Licenses [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	698,000	122,000
Theatre Admissions [Member]
Disaggregation of Revenue [Line Items]
Revenue Not from Contract with Customer	345,057
Food And Beverage Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue Not from Contract with Customer	$ 180,165

NOTE 2 _ SUMMARY OF SIGNIFICA_4

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Accounting Policies [Abstract]
Accounts Receivable, Allowance for Credit Loss, Writeoff	$ 0	$ 0
Impairment of Intangible Assets, Finite-Lived	0	0
Contract with Customer, Asset, after Allowance for Credit Loss	0	$ 0
Warrants and Rights Outstanding	$ 50,000,000

NOTE 3 _ GOING CONCERN (Details

NOTE 3 – GOING CONCERN (Details Narrative)	12 Months Ended
	Aug. 31, 2023 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
[custom:RetainedEarningsAccumulatedDeficitEstimated-0]	$ 12.4
Banking Regulation, Total Capital, Actual	1
[custom:NetIncomeLossEstimated]	3.6
[custom:NetCashUsedInOperationsApproximate]	$ 0.6

NOTE 5 - PROPERTY AND EQUIPMENT

NOTE 5 - PROPERTY AND EQUIPMENT - Leasehold Improvement (Details) - USD ($)	Aug. 31, 2023	Aug. 31, 2022
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net	$ 8,254	$ 12,695
Renovation Costs [Member]
Property, Plant and Equipment [Line Items]
Leasehold Improvements, Gross	146,304	146,304
Furniture and Fixtures, Gross	25,974	25,974
Property, Plant, and Equipment, Owned, Gross	172,278	172,278
Property, Plant, and Equipment, Lessor Asset under Operating Lease, Accumulated Depreciation	164,024	159,583
Property, Plant and Equipment, Net	$ 8,254	$ 12,695

NOTE 4 _ PROPERTY AND EQUIPME_3

NOTE 4 – PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 4,441	$ 41,010

NOTE 6 - INTANGIBLE ASSETS (Det

NOTE 6 - INTANGIBLE ASSETS (Details) - USD ($)	Aug. 31, 2023	Aug. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Total cost	$ 9,018,798	$ 8,313,798
Accumulated amortization	7,563,688	4,515,516
Intangible assets, net	1,455,110	3,798,282
Movie Copyright Love Over World [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	853,333	853,333
Movie Copyright Chujian [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	640,000	640,000
Movie Copyright A Story Of A Picture [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	422,400	422,400
Movie Copyright Our Treasures [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	936,960	936,960
Movie Copyright On The Way [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	256,000	256,000
Movie Copyright Too Simple [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,271,265	1,271,265
Movie Copyright Confusion [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,024,000	1,024,000
Movie Copyright Amazing Data [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	300,000
Movie Copyright Amazing Data Membe [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross
Movie Copyright Nice To Meet You [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	300,000
Movie Copyright T V Drama [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	295,000	190,000
Movie And T V Broadcast [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,439,840	2,439,840
N F T Platform [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 280,000	$ 280,000

NOTE 5 - INTANGIBLE ASSETS - Es

NOTE 5 - INTANGIBLE ASSETS - Estimated Amortization Expense (Details)	Aug. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Rolling 12 Months	$ 1,362,610
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Two	92,500
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Three	$ 1,455,110

NOTE 5 _ INTANGIBLE ASSETS (Det

NOTE 5 – INTANGIBLE ASSETS (Details Narrative) - USD ($)	4 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2022	May 31, 2022	Aug. 31, 2023	Dec. 31, 2022	Aug. 31, 2022	May 31, 2023	Nov. 30, 2022	Aug. 20, 2022	Mar. 31, 2022
Indefinite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets		$ 3,221,789	$ 3,048,172		$ 3,221,789
N F T M M M M Monthly [Member]
Indefinite-Lived Intangible Assets [Line Items]
Sales-type Lease, Lease Receivable								$ 60,000
N F T M M M Platform [Member]
Indefinite-Lived Intangible Assets [Line Items]
Proceeds from License Fees Received			698,000
Fifty Nine Movies Capitalive Holdings [Member]
Indefinite-Lived Intangible Assets [Line Items]
Sales-type Lease, Lease Receivable						$ 250,000
Five Movies Copyright [Member]
Indefinite-Lived Intangible Assets [Line Items]
Asset Acquisition, Contingent Consideration, Liability									$ 1,500,000
Amazing Data And Nice To Meet You [Member]
Indefinite-Lived Intangible Assets [Line Items]
Asset Acquisition, Contingent Consideration, Liability							$ 600,000
Asset Acquisition, Consideration Transferred					$ 356,724
Finite-Lived Intangible Assets Acquired	$ 356,724
Accounts Payable, Other, Current	$ 243,276			$ 243,276
Loss Contingency, Settlement Agreement, Terms				Per amended agreement, the remaining three movies will be delivered upon receiving the payment of minimum $300,000 per movie from the Company before December 31, 2022. The agreement was terminated on December 31, 2022 due to the fact that the Company did not make the payments for the remaining movies
T V Drama Series [Member]
Indefinite-Lived Intangible Assets [Line Items]
Asset Acquisition, Contingent Consideration, Liability									$ 525,000
Customer Refundable Fees, Refund Payments			$ 420,000

NOTE 6 - LEASES - Future Lease

NOTE 6 - LEASES - Future Lease Payments (Details)	Aug. 31, 2023 USD ($)
Leases [Abstract]
Operating Leases, Future Minimum Payments, Due in Rolling Year Two	$ 216,364
Operating Leases, Future Minimum Payments, Due in Rolling Year Three	250,555
Operating Leases, Future Minimum Payments, Due in Rolling Year Four	255,412
Operating Leases, Future Minimum Payments, Due in Rolling Year Five	107,275
Lessee, Operating Lease, Liability, to be Paid	829,606
Receivable with Imputed Interest, Discount	9,950
Operating Lease, Liability	$ 819,656

NOTE 6 _ LEASES (Details Narrat

NOTE 6 – LEASES (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Sep. 01, 2022	May 01, 2022	Oct. 21, 2021	Sep. 01, 2021	Apr. 13, 2021	May 01, 2019
Other Commitments [Line Items]
Accrued Rent, Current	$ 211,507	$ 229,813
Operating Leases, Rent Expense, Net	291,319	289,411
Hong Kong Lease [Member]
Other Commitments [Line Items]
Lessee, Operating Lease, Term of Contract								3 years
Operating Leases, Future Minimum Payments Due, Next 12 Months				$ 66,048				$ 66,048
Operating Leases, Rent Expense, Net	$ 66,048	$ 66,048
Singapore Office [Member]
Other Commitments [Line Items]
Accrued Rent, Current							$ 716
New York Lease [Member]
Other Commitments [Line Items]
Lessee, Operating Lease, Term of Contract						1 year
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year						$ 20,400
New York Lease Renewal [Member]
Other Commitments [Line Items]
Lessee, Operating Lease, Term of Contract			1 year
Operating Leases, Future Minimum Payments Due, Next 12 Months			$ 22,440
Kisco Theatre [Member]
Other Commitments [Line Items]
Lessee, Operating Lease, Term of Contract					5 years
Accrued Rent, Current					$ 14,366

NOTE 7 - PURCHASE DEPOSITS FOR

NOTE 7 - PURCHASE DEPOSITS FOR INTANGIBLE ASSETS - Movie Copyrights and Broadcast Rights Pre-Payments (Details) - USD ($)	Aug. 31, 2023	Aug. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid Expense and Other Assets	$ 300,000	$ 881,724
T V Drama Series Copyright [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid Expense and Other Assets		881,724
Five Movies Copyright [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid Expense and Other Assets	300,000
Total Copyright Prepayment [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid Expense and Other Assets	$ 300,000	$ 881,724

NOTE 7 _ PURCHASE DEPOSITS FO_3

NOTE 7 – PURCHASE DEPOSITS FOR INTANGIBLE ASSETS (Details Narrative) - Streaming Software [Member] - USD ($)		12 Months Ended
	Jun. 08, 2023	Aug. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Research, Development and Computer Software, Activity Description	On June 8, 2023, the Group has entered into software development contract for the creation of the streaming software designed for use on both the website and mobile applications. Pursuant to the contract’s terms, the Developer is contractually obliged to deliver the software by September 8, 2024, which corresponds to the upcoming 15-month period
Research and Development Expense, Software (Excluding Acquired in Process Cost)	$ 1,500,000
Payments to Develop Software		$ 300,000

NOTE 8 _ RELATED PARTY TRANSA_2

NOTE 8 – RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)				1 Months Ended		12 Months Ended
	Sep. 11, 2020	Sep. 11, 2020	Jul. 01, 2020	Jun. 23, 2022	Sep. 30, 2019	Aug. 31, 2023	Aug. 31, 2022	Jun. 01, 2023	Aug. 31, 2021	Jan. 01, 2021
Related Party Transaction [Line Items]
Accounts Payable and Accrued Liabilities, Current						$ 156,763	$ 293,786
Operating Leases, Rent Expense, Net						291,319	289,411
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Accrued Salaries, Current	$ 180,000	$ 180,000
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture	100,000
Chief Executive Officer [Member] | Series A Preferred Stock [Member]
Related Party Transaction [Line Items]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
C E O And C F O [Member]
Related Party Transaction [Line Items]
Payments to Employees						198,113	393,165
Chief Investment Officer [Member]
Related Party Transaction [Line Items]
Payments to Employees						32,446	154,473
Hong Kong Lease [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense, Net						66,048	66,048
Zestv Studios [Member]
Related Party Transaction [Line Items]
Debt Instrument, Periodic Payment						15,127	151,795
Proceeds from Sale of Intangible Assets				$ 750,000
Zestv Studios Second Total [Member]
Related Party Transaction [Line Items]
Other Loans Payable						0	15,127
C E O [Member]
Related Party Transaction [Line Items]
[custom:SharesReturnedToCompany]		266,667
Guangzhou Yuezhi Computer [Member]
Related Party Transaction [Line Items]
SEC Schedule, 12-17, Insurance Companies, Reinsurance, Premium, Percentage Assumed to Net					10%
Capitalized Computer Software, Additions					$ 128,000
Payments to Develop Software					108,800
Debt Instrument, Periodic Payment						12,812
Youall Perform Services L T D [Member]
Related Party Transaction [Line Items]
Capitalized Computer Software, Additions			$ 128,000
Payments to Develop Software					$ 108,800
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Outstanding Balance										$ 19,200
Accounts Payable and Accrued Liabilities, Current						6,388
Zestv Studios [Member]
Related Party Transaction [Line Items]
Customer Refund Liability, Current									$ 916,922
Chiyuan Deng Line Of Credit [Member]
Related Party Transaction [Line Items]
Long-Term Line of Credit								$ 1,500,000
Debt Instrument, Interest Rate, Stated Percentage								5%
Shareholder Loan [Member]
Related Party Transaction [Line Items]
Accounts Payable, Other, Current						748,285	144,516	$ 697,281
Jianli Deng Loan [Member]
Related Party Transaction [Line Items]
Accounts Payable, Other, Current						$ 0	$ 232,882

NOTE 9 - STOCKHOLDERS' EQUITY -

NOTE 9 - STOCKHOLDERS' EQUITY - A Summary of Warrant Activity (Details) - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Original Shares Issued [Member]
Short-Term Debt [Line Items]
Class of Warrant or Right, Outstanding	50,000,000	50,000,000
Adjustment of Warrants Granted for Services		$ 50,000,000
Anti Dilution Adjusted [Member]
Short-Term Debt [Line Items]
Class of Warrant or Right, Outstanding
Adjustment of Warrants Granted for Services

NOTE 9 _ STOCKHOLDERS_ EQUITY_2

NOTE 9 – STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)

3 Months Ended

6 Months Ended

12 Months Ended

Sep. 06, 2022

Aug. 02, 2022

Jul. 19, 2022

Jun. 01, 2022

Mar. 16, 2022

Jan. 21, 2022

Dec. 09, 2021

Oct. 21, 2021

Sep. 03, 2021

Feb. 28, 2022

Nov. 30, 2021

Feb. 28, 2022

Aug. 31, 2023

Aug. 31, 2022

Aug. 31, 2021

Oct. 11, 2022

Oct. 10, 2022

Accumulated Other Comprehensive Income (Loss) [Line Items]

Common Stock, Shares Authorized

10,000,000,000

1,000,000,000

Proceeds from Issuance of Common Stock

$ 146,475

$ 318,141

[custom:SeriesCPreferredSharesIssuedAmount]

69,000

586,906

Dividend, Share-Based Payment Arrangement

31,387

36,952

Payments of Ordinary Dividends, Preferred Stock and Preference Stock

$ 31,387

$ 36,952

$ 25,835

Income Tax Examination, Penalties Expense

$ 141,945

Alumni Capital [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities

50,000,000

Class of Warrant or Right, Exercise Price of Warrants or Rights

$ 0.02

Warrants and Rights Outstanding, Term

5 years

Debt Instrument, Fair Value Disclosure

$ 234,000

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price

$ 0.0048

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

2.85%

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate

221.40%

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Payments

$ 0

Preferred Class C [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Conversion of Stock, Shares Converted

250,268

Series C Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

[custom:SeriesCPreferredSharesIssuedShares]

90,275

[custom:SeriesCPreferredSharesIssuedAmount]

$ 78,500

Proceeds from Issuance of Convertible Preferred Stock

$ 69,000

Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Conversion of Convertible Securities

700,770,802

[custom:StockIssuedDuringPeriodPutSharesForCashShares]

14,900,000

Stock Issued During Period, Shares, Other

Stock Issued During Period, Shares, Issued for Services

45,000,000

Stock Issued During Period, Shares, Conversion of Units

700,770,802

85,715,176

[custom:StockIssuedDuringPeriodSharesConversionOfUnitsSeriesD]

12,307,672

[custom:SeriesCPreferredSharesIssuedShares]

[custom:SeriesCPreferredSharesIssuedAmount]

Alumni Capital [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Common Stock, Shares Subscribed but Unissued

200,000,000

Proceeds from Issuance of Common Stock

$ 146,475

Derivative Liability, Securities Sold under Agreements to Repurchase, Securities Loaned

$ 1,000,000

Debt Instrument, Convertible, Associated Derivative Transactions, Description

The purchase price is number of common stocks in a Purchase Notice issued by the Company multiplied by 75% of the lowest traded price of the Common Stock five Business Days prior to the Closing, which is no later than five business days after the Purchase Notice Date.

Put Share 0. 02288 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

[custom:StockIssuedDuringPeriodPutSharesForCashShares]

2,500,000

Put Share 0. 02719 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

[custom:StockIssuedDuringPeriodPutSharesForCashShares]

3,000,000

Put Shares 1 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares Issued, Price Per Share

$ 0.02288

Put Shares 2 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares Issued, Price Per Share

$ 0.02719

Shares Issued At. 01548 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares Issued, Price Per Share

$ 0.01548

$ 0.01548

Stock Issued During Period, Shares, Other

1,800,000

Shares Issued At 0. 01716 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares Issued, Price Per Share

$ 0.01716

0.01716

Stock Issued During Period, Shares, Other

3,000,000

Shares Issued At 0. 01729 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares Issued, Price Per Share

$ 0.01729

0.01729

Stock Issued During Period, Shares, Other

2,300,000

Shares Issued At 0. 0110 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares Issued, Price Per Share

$ 0.0110

0.0110

Stock Issued During Period, Shares, Other

2,300,000

Chief Investment Officer [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Employee Benefit Plan

5,000,000

C E O [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Employee Benefit Plan

10,000,000

C E O And Chief Investment Officer [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares Issued, Price Per Share

$ 0.0138

0.0138

Seven Consultants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares Issued, Price Per Share

$ 0.0138

$ 0.0138

Stock Issued During Period, Shares, Issued for Services

30,000,000

Accredited Investor One [Member] | Preferred Class C [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Sale of Stock, Number of Shares Issued in Transaction

234,300

Proceeds from Issuance or Sale of Equity

$ 203,500

Sale of Stock, Consideration Received on Transaction

$ 184,000

Accredited Investor Two [Member] | Preferred Class C [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Sale of Stock, Number of Shares Issued in Transaction

98,325

Proceeds from Issuance or Sale of Equity

$ 85,450

Sale of Stock, Consideration Received on Transaction

$ 75,390

Investor One [Member] | Seires D Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Other

153

[custom:StockIssuedDuringPeriodSharesValue]

153,000

Proceeds from Issuance of Preferred Stock and Preference Stock

$ 140,760

Investor Two [Member] | Seires D Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Other

34

[custom:StockIssuedDuringPeriodSharesValue]

34,000

Proceeds from Issuance of Preferred Stock and Preference Stock

$ 31,280

Investor Three [Member] | Seires C Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Other

89,490

[custom:StockIssuedDuringPeriodSharesValue]

78,035

Proceeds from Issuance of Preferred Stock and Preference Stock

$ 68,535

Investor Four [Member] | Seires C Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Other

96,075

[custom:StockIssuedDuringPeriodSharesValue]

83,500

Proceeds from Issuance of Preferred Stock and Preference Stock

$ 73,600

Investor Five [Member] | Seires C Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Other

147,775

[custom:StockIssuedDuringPeriodSharesValue]

128,500

Proceeds from Issuance of Preferred Stock and Preference Stock

$ 115,000

Investor Six [Member] | Seires C Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Other

92,000

[custom:StockIssuedDuringPeriodSharesValue]

80,000

Proceeds from Issuance of Preferred Stock and Preference Stock

$ 70,380

NOTE 14 - INCOME TAXES - Schedu

NOTE 14 - INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Aug. 31, 2023	Aug. 31, 2022
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Operating Loss Carryforwards	$ 2,077,213	$ 1,328,204
Deferred Tax Assets, Valuation Allowance	2,077,213	1,328,204
Deferred Tax Assets, Net of Valuation Allowance

NOTE 14 - INCOME TAXES - Sche_2

NOTE 14 - INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Income Tax Disclosure [Abstract]
Federal statutory tax rate	21%	21%
Change in valuation allowance	(21.00%)	(21.00%)
Effective tax rate	0%	0%

NOTE 10 _ INCOME TAXES (Details

NOTE 10 – INCOME TAXES (Details Narrative) - USD ($)	Aug. 31, 2023	Aug. 31, 2022
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Valuation Allowance	$ 2,077,213	$ 1,328,204

NOTE 11 _ CONCENTRATION RISK (D

NOTE 11 – CONCENTRATION RISK (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Concentration Risk [Line Items]
Accounts Receivable, after Allowance for Credit Loss	$ 0	$ 0
[custom:HongKongDepositProtection-0]	64,000
Cash Equivalents, at Carrying Value	92,972	70,602
Cash, FDIC Insured Amount	250,000
Fair Value, Concentration of Risk, Cash and Cash Equivalents	$ 24,124	$ 13,621
Revenue Customer One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	47%	70%
Revenue Customer Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	17%	26%

NOTE 13 - SEGMENT INFORMATION -

NOTE 13 - SEGMENT INFORMATION - Segment Information (Details) - USD ($)	12 Months Ended
	Aug. 31, 2023	Aug. 31, 2022
Segment Reporting Information [Line Items]
Revenue	$ 1,473,222	$ 2,928,000
Operating costs	243,635
Depreciation and Amortization	3,052,613	3,262,799
Interest expense	9,578	239
Segment assets	2,622,080	5,839,217
Segment income (loss)	(3,566,710)	(2,173,971)
I P Segment [Member]
Segment Reporting Information [Line Items]
Revenue	948,000	2,928,000
Operating costs
Depreciation and Amortization	3,052,613	3,262,799
Interest expense	9,578	239
Segment assets	2,598,255	5,839,217
Segment income (loss)	(3,720,974)	(2,173,971)
Cinema Segment [Member]
Segment Reporting Information [Line Items]
Revenue	525,222
Operating costs	243,635
Depreciation and Amortization
Interest expense
Segment assets	23,825
Segment income (loss)	$ 154,264