AB International (ABQQ) 10-K 26 Nov 24 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Aug. 31, 2024	Nov. 20, 2024	Feb. 29, 2024
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Aug. 31, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
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			$ 2,731,446
Entity Common Stock, Shares Outstanding		2,281,266,321
Auditor Name	Prager Metis CPAs, LLC
Auditor Location	Hackensack, New Jersey
Auditor Firm ID	273

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Aug. 31, 2024	Aug. 31, 2023
Current Assets
Cash and cash equivalents	$ 64,430	$ 117,096
Accounts receivable	624,572
Total Current Assets	689,002	117,096
Property and equipment, net	4,375	8,254
Right of use operating lease assets, net	494,506	696,380
Intangible assets, net	370,924	1,455,110
Purchase deposits for intangible assets, non-current	745,123	300,000
Security deposit	45,240	45,240
TOTAL ASSETS	2,349,170	2,622,080
Current Liabilities
Accounts payable and accrued liabilities	30,945	156,763
Accounts payable and accrued liabilities - related party		6,388
Loan from related parties	193,174	748,285
Current portion of obligations under operating leases	247,266	211,507
Deferred revenue	57,000
Total Current Liabilities	528,385	1,122,943
Obligations under operating leases, non-current	360,883	608,149
Total Liabilities	889,268	1,731,092
Stockholders’ Equity
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 2,281,266,321 and 1,285,283,385 shares issued and outstanding, as of August 31, 2024 and 2023, respectively	2,281,266	1,285,283
Additional paid-in capital	11,024,203	11,993,408
Accumulated deficit	(11,845,667)	(12,387,998)
Total Stockholders’ Equity	1,459,902	890,988
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	2,349,170	2,622,080
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
Preferred Class C [Member]
Stockholders’ Equity
Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized;		$ 175

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Aug. 31, 2024	Aug. 31, 2023
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	10,000,000,000	10,000,000,000
Common Stock, Shares, Issued	2,281,266,321	1,285,283,385
Common Stock, Shares, Outstanding	2,281,266,321	1,285,283,385
Preferred Class A [Member]
Preferred Stock, Shares Issued	100,000	100,000
Preferred Stock, Shares Outstanding	100,000	100,000
Preferred Class B [Member]
Preferred Stock, Shares Issued	0	20,000
Preferred Stock, Shares Outstanding	0	20,000
Preferred Class C [Member]
Preferred Stock, Shares Issued	0	174,421
Preferred Stock, Shares Outstanding	0	174,421

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
REVENUE
Copyrights sold to third party	$ 1,839,308	$ 250,000
Copyrights sold to related party	105,000
Licenses	570,000	698,000
Theatre admissions, advertising and food and beverage sales	432,012	525,222
Consulting services	354,147
Total revenue	3,300,467	1,473,222
OPERATING COSTS AND EXPENSES
Amortization expenses	(1,660,459)	(3,048,172)
Costs of copyrights sold	(119,517)
Theatre operating costs	(189,500)	(243,635)
General and administrative expenses	(829,038)	(1,507,988)
Related party salary and wages	(15,049)	(230,559)
Total Operating Costs And Expenses	(2,813,563)	(5,030,354)
Income (Loss) From Operations	486,904	(3,557,132)
OTHER INCOME (EXPENSES)
Interest income	694	740
Interest expense – related party	(32,282)	(10,318)
Other income	87,015
Total Other Income (Expenses)	55,427	(9,578)
Income (Loss) Before Costs and Expenses Income Tax Benefit	542,331	(3,566,710)
Income tax benefit
NET INCOME (LOSS)	542,331	(3,566,710)
Preferred shares dividend expense		(31,387)
NET INCOME (LOSS) AVAILABLE TO COMMON STOCK HOLDERS	$ 542,331	$ (3,598,097)
NET INCOME (LOSS) PER SHARE: BASIC	$ 0	$ 0
NET INCOME (LOSS) PER SHARE: DILUTED	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC	2,288,078,401	866,520,740
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: DILUTED	2,288,178,401	866,520,740

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, 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
Issuance of restricted common shares	$ 200,000		(53,525)			146,475
Stock Issued During Period, Shares, Restricted Stock Award, Gross	200,000,000
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
Preferred shares series C waived		$ (1)	1
Stock Issued During Period, Shares, Other		(1,436)
Imputed interest			10,318			10,318
[custom:ReceivableWithInputedInterestShares]
Net income				(3,598,097)		(3,598,097)
Balance – August 31, 2024 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
Issuance of restricted common shares	$ 225,000		(180,000)			45,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross	225,000,000
Preferred shares series C converted into common shares	$ 1,056,682	$ (175)	(1,056,507)
Stock Issued During Period, Shares, Conversion of Units	1,056,681,936	(174,421)
Imputed interest			32,282			32,282
[custom:ReceivableWithInputedInterestShares]
Net income				542,331		542,331
Preferred shares series B cancellation		$ (20)	20
[custom:StockIssuedDuringPeriodSeriesBCancellationShares]		(20,000)
Common shares cancellation	$ (235,000)		235,000
Stock Issued During Period, Shares, New Issues	(235,000,000)
Repurchase of common shares	$ (50,699)					(50,699)
[custom:StockIssuedDuringPeriodRepurchaseCommonSharesShares]	(50,699,000)
Balance – August 31, 2024 at Aug. 31, 2024	$ 2,281,266	$ 100	$ 11,024,203	$ (11,845,667)		$ 1,459,902
Shares, Issued at Aug. 31, 2024	2,281,266,321	100,000

Consoolidated Statements of Cas

Consoolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Executive salaries and consulting fees paid in stock		$ 209,957
Depreciation of fixed asset	3,879	4,441
Amortization of intangible asset	1,660,459	3,048,172
Gain from sales of software in progress	(85,000)
Cost of copyrights sold	119,517
Imputed interest	32,282	10,318
Non-cash penalty and dividend expense for preferred shares		31,387
Non-cash lease expense	(9,633)	34,336
Changes in operating assets and liabilities:
Accounts receivable	(624,572)
Prepaid expenses		13,035
Purchase deposits (paid) refunded	(745,123)	120,000
Purchase of movie and TV series broadcast right and copyright	(695,789)	(243,276)
Accounts payable and accrued liabilities	(93,032)	(137,023)
Accounts payable and accrued liabilities – related party		(8,739)
Deferred revenue	57,000	(38,000)
Net cash provided by (used in) operating activities	162,319	(553,489)
CASH FLOWS FROM FINANCING ACTIVITIES
(Repayment to) loan from related parties	(176,500)	370,887
Proceeds from common stock issuances		146,475
Proceeds from preferred share C issuances		69,000
Repurchase of common shares	(38,485)
Net cash provided by (used in) financing activities	(214,985)	586,362
Net (decrease) increase in cash and cash equivalents	(52,666)	32,873
Cash and cash equivalents – beginning of year	117,096	84,223
Cash and cash equivalents – end of year	64,430	117,096
Supplemental Cash Flow Disclosures
Cash paid for interest
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
Settlement of accrued CEO salaries with common stock	45,000
Net off purchase deposit with loan from related parties for sales of software	300,000
Unpaid repurchase of common shares	12,214
Expenses settled by CEO on behalf of the Company	6,388
Transfer from long term prepayment to intangible assets		$ 461,724

NOTE 1 _ ORGANIZATION AND BUSIN

NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS	12 Months Ended
	Aug. 31, 2024
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. As of August 31, 2024, the Company acquired 73 movie copyrights and broadcast rights and a 75-episode TV drama and sitcom. 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. 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. (See Note 5) 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 became a new business line of the Company. The theatre started the operation 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, 2024
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. 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. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 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. Accounts receivable Accounts receivable is presented at invoiced amount net of an allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts for estimated losses. The Company reviews its accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, customer’s payment history, its current credit-worthiness and current economic trends. Accounts are written off after efforts at collection prove unsuccessful. No 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 year ended August 31, 2024 and 2023, respectively. 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 2 years • NFT MMM platform: straight-line method over the estimated life of the asset 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. Revenue Recognition The Company adopted ASC Topic 606, “Revenue from Contracts with Customers”, AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Revenue Recognition 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 six 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; (4) embedded marketing service; (5) consulting services; (6) advertising services in movie theatre. 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: 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 a two-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. 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. Revenue from embedded marketing service: The Company derives revenue from providing the services of embedded marketing through adding advertisement into movies and TV series. The Company recognizes revenue when the advertisement is added to the movies and TV series. Revenue from consulting services: The Company derives revenue from providing consulting services in connection with the sales of the software-in-progress and the restructuring of a Company and bring it to IPO. The consulting service fees are recognized over the service period. Revenue from advertising services in movie theatre: The Company derives revenue from playing the advertisements on the theater screen. The Company recognizes revenue when the advertisements are shown on the theater screen. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Revenue Recognition 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, 2024, other than deferred revenue and accounts receivable, the Company had no material contract assets, contract liabilities or deferred contract costs recorded on its consolidated balance sheets. As of August 31, 2023, the Company had no 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, 2024 and 2023, respectively: August 31, 2024 August 31, 2023 Copyrights sales $ 1,436,800 $ 250,000 Embedded marketing service 507,508 — Consulting services 354,147 — NFT licenses 570,000 698,000 Theatre admissions 276,428 345,057 Food and beverage sales 128,512 180,165 Advertisement 27,072 — Total revenue $ 3,300,467 $ 1,473,222 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. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Fair Value of Financial Instruments 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 receivable, 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 . 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, 2024, the total number of warrants outstanding was 1,993,304,434 (See Note 9). No warrants were included in the diluted income per share as they would be anti-dilutive . 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. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 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. Recent Accounting Pronouncements In August 2020, the FASB issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity,” which simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. This ASU also removes certain settlement conditions that are required for equity-linked contracts to qualify for the derivative scope exception, and it simplifies the diluted earnings per share calculation in certain areas. The new standard will become effective for fiscal years beginning after December 15, 2023, using either a modified retrospective or a fully retrospective method of transition, and early adoption is permitted. Management is currently evaluating the impact of the new standard on our financial statements. In December 2023, the FASB issued ASU No. 2023-09, “Improvements to Income Tax Disclosures” (Topic 740). The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income tax paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024. Early adoption is also permitted for annual financial statements that have not yet been issued or made available for issuance. This ASU will likely result in the required additional disclosures being included in the Company’s consolidated financial statements, once adopted. 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. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3 _ GOING CONCERN

NOTE 3 – GOING CONCERN	12 Months Ended
	Aug. 31, 2024
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 limited cash, an accumulated deficit of approximately $11.8 $0.2 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 the existing stockholders will provide additional cash to meet the Company’s obligations as they become due. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provide the opportunity for the Company to continue as a going concern. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations.

NOTE 4 _ PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT	12 Months Ended
	Aug. 31, 2024
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 $3,879 $4,441 , respectively. As of August 31 , the balance of property and equipment was as follows: August 31, 2024 August 31, 2023 Leasehold improvement $ 146,304 $ 146,304 Appliances and furniture 25,974 25,974 Total cost 172,278 172,278 Accumulated depreciation ( 167,903 ) ( 164,024 ) Property and equipment, net $ 4,375 $ 8,254 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 5 _ INTANGIBLE ASSETS

NOTE 5 – INTANGIBLE ASSETS	12 Months Ended
	Aug. 31, 2024
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, 2024 August 31, 2023 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 300,000 300,000 Movie copyrights - Nice to meet you 300,000 300,000 Movie copyrights – 6 movies 506,533 — TV drama copyright - 20 episodes 295,000 295,000 Movie broadcast rights – 59 movies 2,439,840 2,439,840 NFT MMM platform 280,000 280,000 Total cost 9,525,331 9,018,798 Accumulated amortization (9,154,407 ) (7,563,688 ) Intangible assets, net $ 370,924 $ 1,455,110 The amortization expense for the years ended was $1,660,459 $3,048,172 Twelve months ending August 31, Amortization expense 2025 $ 345,767 2026 25,157 Total $ 370,924 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 the Company did not purchase and receive the remaining 20-episode. Anyone Pictures Limited agreed to refund $420,000 On August 6, 2022, the Company licensed NFT MMM platform to a third party to allow the access of NFT MMM 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 Subsequent to the license renewal on November 1, 2023, the Company continued licensing the NFT MMM platform to the same third party from November 1, 2023 until October 31, 2025 for a monthly license fee of $57,000 $570,000 $698,000 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 5 – INTANGIBLE ASSETS (continued) 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 On September 10, 2023, the Company entered into an agreement with All In One Media Ltd to acquire the copyrights for 4 movies at a price of $104,714 $378,513 On September 30, 2023, the Company entered into another agreement with All In One Media Ltd to acquire the copy rights and broadcast rights for 2 movies for a price of $212,562 In November 2023, the Company entered into an agreement with Anyone Pictures Limited to sell the Mainland China copyrights of 1 movie for a price of $180,000 211,800 On November 21, 2023, the Company entered into an agreement with Capitalive Holdings Limited to sell offline broadcast rights of 1 movie for a price of $140,000 On July 27, 2024, the Company has entered into an agreement with Anyone Pictures Limited to sell the mainland China copyrights of 3 movies for $800,000 On August 5, 2024, the Company has entered into an agreement with Zestv Studios Limited to sell its offline broadcast rights of one movie for $105,000

NOTE 6 _ LEASES

NOTE 6 – LEASES	12 Months Ended
	Aug. 31, 2024
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 August 31, 2023 In September 2023, the Company entered into a one month $766 November 30, 2023 On October 21, 2021, the Company signed a lease agreement to lease “the Mt. Kisco Theatre”, a movie theater, for five years $14,366 $20,648 On January 31, 2024, the end of the first two years of rental period, the landlord agrees to continue to receive $14,366 Total lease expense for the years ended August 31, 2024 and 2023 was $163,529 $291,319 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 6 – LEASES (continued) The following is a schedule of maturities of lease liabilities: Twelve months ending August 31, 2025 $ 250,555 2026 255,412 2027 107,275 Total future minimum lease payments 613,242 Less: imputed interest ( 5,093 ) Total $ 608,149

NOTE 7 _ PURCHASE DEPOSITS FOR

NOTE 7 – PURCHASE DEPOSITS FOR INTANGIBLE ASSETS	12 Months Ended
	Aug. 31, 2024
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, 2024 August 31, 2023 Purchase deposit for copyright and broadcast right for movies and series $ 745,123 $ — Purchase deposit for software — 300,000 Total purchase deposits for intangible assets $ 745,123 $ 300,000 On June 8, 2023, the Company 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 $385,000 $85,000 $25,600 On February 23, 2024, the Company has entered into an agreement to acquire the copyright and broadcast right of a movie. As of August 31, 2024, the Company has paid a purchase deposit of $300,000 On June 5, 2024, the Company has entered into an agreement to acquire the copyright and broadcast right of a TV drama series. As of August 31, 2024, the Company has paid a purchase deposit of $155,123 On August 13, 2024, the Company has entered into an agreement to acquire the copyright and broadcast right of two movies. As of August 31, 2024, the Company has paid a purchase deposit of $290,000 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 8 _ RELATED PARTY TRANSACT

NOTE 8 – RELATED PARTY TRANSACTIONS	12 Months Ended
	Aug. 31, 2024
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 The amount under this line of credit is non-interest bearing and due on demand starting from June 1, 2023 Loan from related parties For the year ended August 31, 2024, Chiyuan Deng has further loaned a total of $794,865 for its working capital needs . The loan is non-interest bearing and due on demand. As of August 31, 2024, the Company has repaid $971,365 The Company has recognized an imputed interest at 5% $193,174 and $748,285 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 $108,800 $128,000 $108,800 $19,200 , the Company made payment of $12,812 $6,388 $6,388 $0 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 On November 28, 2023, the Company sold the software-in-progress to the Developer for $385,000 $385,000 The Company also rented an office space from Zestv Studios Limited. The lease was early terminated on August 31, 2023 For the years ended August 31, 2024 and 2023, the Company incurred related party office rent expense of $0 $66,048 On August 5, 2024, the Company has entered into an agreement with Zestv Studios Limited to license its offline broadcast rights of 1 movie for $105,000 The granted offline broadcast rights are globally exclusive, with the exception of Mainland China and United States. During the year ended August 31, 2024, Zestv Studios Limited has settled operating expenses of $154,942 As of August 31, 2024 and 2023, the Company had $0 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 The Chief Executive Officer opted to forgo his salaries effective from October 2023. For the year ended August 31, 2024, the Company incurred total compensation of $15,049 $0 For the year ended the Company incurred total compensation of $198,113 $32,446 AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 9 _ STOCKHOLDERS_ EQUITY

NOTE 9 – STOCKHOLDERS’ EQUITY	12 Months Ended
	Aug. 31, 2024
Equity [Abstract]
NOTE 9 – STOCKHOLDERS’ EQUITY	NOTE 9 – STOCKHOLDERS’ EQUITY Common shares The Company had the following activities for the year ended August 31, 2024: Issuance of restricted common shares On October 5, 2023, the Board of Directors resolved to issue 225,000,000 $0.001 the Chief Executive Officer, to pay off his accrued executive salaries of $45,000 Conversion of Series C preferred shares to common shares During the year ended August 31, 2024, the Company issued total 1,056,681,936 174,421 Reverse Stock split On April 22, 2024, the Board of Directors approved a reverse split of the Corporation’s issued and outstanding common stock, which has a par value $0.001 per share. The reverse split ratio has been determined at 1 for 2,000 shares. The effectiveness of this reverse split is contingent upon receiving approval from the Financial Industry Regulatory Authorization (FINRA On August 19, 2024, the Board of Directors decided to cancel the company's upcoming 1-for 2,000 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 plans to inform FINRA that it will not be moving forward with the reverse split and will withdraw its application Cancellation of Common shares On February 5, 2024, Board of Directors of the Company resolved to cancel 235,000,000 Repurchase of common shares On July 20, 2024, Board of Directors of the Company repurchased 50,699,000 $50,699 $0.001 $38,485 Subscription of Common shares On June 13, 2024, the Company entered into a Common Stock Purchase Agreement with Alumni Capital LP (“Alumni Capital”), a Delaware limited partnership. Pursuant to the Purchase Agreement, the Company has the right, but not the obligation to cause Alumni Capital to purchase up to $5 Pursuant to the Purchase Agreement, the Investment Amount means seventy percent (70%) of the lowest daily Volume Weighted Average Price (“VWAP”) of the Common Stock five business days prior to the Closing of a Purchase Notice. No Purchase Notice will be made without an effective registration statement and no Purchase Notice will be in an amount greater than (i) $250,000 or (ii) three hundred percent (300%) of the Average Daily Trading Volume during the five business days prior to a Purchase Notice AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 9 – STOCKHOLDERS’ EQUITY (continued) Common shares Subscription of Common shares (continued) The Purchase Agreement provides that t he number of our common stock shares to be sold to Alumni Capital will not exceed the number of shares that, when aggregated together with all other shares of our common stock which the investor is deemed to beneficially own, would result in the investor owning more than 4.99% of our outstanding common stock. The percentage may be increased to no more than 9.99% upon notice under the Purchase Agreement The Purchase Agreement contains certain representations, warranties, covenants and events of default. The Closing occurred following the satisfaction of customary closing conditions. 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 Reverse Stock split 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 shareholders 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 withdrew its application 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 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 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. 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) Subscription of Common shares (continued) Pursuant to this agreement , for the year ended August 31, 2023, Alumni Capital LP subscribed total of 200,000,000 $146,475 As of August 31, 2024 and 2023, the Company had 2,281,266,321 1,285,283,385 Warrants In consideration for the Common Stock Purchase Agreement signed with Alumni on June 13, 2024, the Company issued to Alumni Capital a Common Stock Purchase Warrant dated June 13, 2024 to purchase 1,943,304,434 shares of Common Stock, representing (50%) of the commitment amount of $5 $0.00129 per share, subject to adjustments, and ending on the 5 years The number of shares under the Common Stock Purchase Warrant is subject to adjustment based on the following formula: (i) fifty percent (50%) of the Commitment Amount, less the exercise value of all partial exercises prior to the Exercise Date, divided by (ii) the Exercise Price on the Exercise Date. The exercise price per was calculated by dividing $3,000,000 by the total number of issued and outstanding shares of common stock as of June 13, 2024 $970,945 The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying common shares of $0.0005; risk free rate of 4.24%; expected term of 5 years Management determined that these warrants meet the requirements for equity classification under ASC 815-40 because they are indexed to its own shares. The warrants were recorded at their fair value on the date of grant as a component of shareholders’ equity. As of August 31, 2024, 1,993,304,434 4.74 years . A summary of the status of the Company’s warrants as of August 31, 2024 and 2023 is presented below: Number of warrants Original shares issued Anti-dilution Adjusted Warrants as of August 31, 2022 50,000,000 — Warrants granted during the year — — Warrants as of August 31, 2023 50,000,000 — Warrants granted during the year 1,943,304,434 — Exercisable as of August 31, 2024 1,993,304,434 — Preferred shares The Company had the following activities for year ended August 31, 2024: During the year ended August 31, 2024, the Company converted a total 174,421 On November 30, 2023, the Board of Directors of the Company resolved to withdraw the Amended Certificate of Designation for the Company’s Series C and Series D Preferred shares. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 9 – STOCKHOLDERS’ EQUITY (Continued) Preferred shares On December 1, 2023, the Board of Directors of the Company has resolved to withdraw the Certificate of Designation for the Company’s Series B Preferred Stock. The Company’s Series B Preferred Stock was cancelled during the year ended August 31, 2024. 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 The Company recorded dividend expenses of $0 $31,387 , respectively.

NOTE 10 _ INCOME TAXES

NOTE 10 – INCOME TAXES	12 Months Ended
	Aug. 31, 2024
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 16.5% As of August 31 and 2023, the components of net deferred tax assets, including a valuation allowance, were as follows: August 31, 2024 August 31, 2023 Deferred tax asset attributable to: Net operating loss carry over $ 1,963,323 $ 2,077,213 Less: valuation allowance ( 1,963,323 ) ( 2,077,213 ) Net deferred tax asset $ — $ — The valuation allowance for deferred tax assets was $ 1,963,323 and $ 2,077,213 as of August 31 and 2023, 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 2023. Reconciliation between the statutory rate and the effective tax rate is as follows for the years ended and 2023: Year ended August 31, 2024 2023 Federal statutory tax rate 21 % 21 % Change in valuation allowance (21 %) (21 %) Effective tax rate 0 % 0 % AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 10 – INCOME TAXES (continued) For the year ended August 31, 2024, the Company and its subsidiaries generated net income. However, due to the fact that the Company had n et operating loss carry forwarded, the Company and its subsidiaries did not incur any income tax for the year ended 2024. For the year ended August 31, 2023, the Company and its subsidiaries incurred net losses. As a result, the Company and its subsidiaries did not incur any income tax for the year ended 2023.

NOTE 11 _ CONCENTRATION RISK

NOTE 11 – CONCENTRATION RISK	12 Months Ended
	Aug. 31, 2024
Risks and Uncertainties [Abstract]
NOTE 11 – CONCENTRATION RISK	NOTE 11 – CONCENTRATION RISK Concentration For the year ended August 31, 2024 , 52% and 25% August 31, 2023 , 47% 17% As of August 31, 2024, 96% 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 $0 $92,972 $250,000 $64,430 $24,124

NOTE 12 _ COMMITMENTS AND CONTI

NOTE 12 – COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Aug. 31, 2024
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, 2024
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, 2024 and 2023, respectively. NOTE 13 - SEGMENT INFORMATION - Summary of Information by Segment IP Segment Cinema Segment Total Year ended Year ended Year ended August 31 August 31 August 31 2024 2023 2024 2023 2024 2023 Revenue $ 2,868,455 $ 948,000 $ 432,012 $ 525,222 $ 3,300,467 $ 1,473,222 Cost of copyrights sold 119,517 — — — 119,517 — Operating costs — — 189,500 243,635 189,500 243,635 Depreciation and Amortization 1,664,338 3,052,613 — — 1,664,338 3,052,613 Interest expense 31,588 9,578 — — 31,588 9,578 Segment assets 2,257,669 2,598,255 91,501 23,825 2,349,170 2,622,080 Segment income (loss) $ 671,457 $ (3,720,974 ) $ (129,126 ) $ 154,264 $ 542,331 $ (3,566,710 )

NOTE 14 _ SUBSEQUENT EVENTS

NOTE 14 – SUBSEQUENT EVENTS	12 Months Ended
	Aug. 31, 2024
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. Repurchase of common shares On July 20, 2024, Board of Directors of the Company has repurchased 50,699,000 common shares from its several shareholders for an aggregate purchase price of $50,699, or $0.001 per share. The repurchased shares are subsequently cancelled on August 26, 2024. The purchase price was settled in tranches. As of August 31, 2024, $38,485 of the purchase price has been settled. The remaining balance was fully settled in November 2024.

NOTE 2 _ SUMMARY OF SIGNIFICA_2

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Aug. 31, 2024
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.
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. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
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.
Accounts receivable	Accounts receivable Accounts receivable is presented at invoiced amount net of an allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts for estimated losses. The Company reviews its accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, customer’s payment history, its current credit-worthiness and current economic trends. Accounts are written off after efforts at collection prove unsuccessful. No
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 year ended August 31, 2024 and 2023, respectively.
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 2 years • NFT MMM platform: straight-line method over the estimated life of the asset 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.
Revenue Recognition	Revenue Recognition The Company adopted ASC Topic 606, “Revenue from Contracts with Customers”, AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Revenue Recognition 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 six 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; (4) embedded marketing service; (5) consulting services; (6) advertising services in movie theatre. 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: 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 a two-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. 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. Revenue from embedded marketing service: The Company derives revenue from providing the services of embedded marketing through adding advertisement into movies and TV series. The Company recognizes revenue when the advertisement is added to the movies and TV series. Revenue from consulting services: The Company derives revenue from providing consulting services in connection with the sales of the software-in-progress and the restructuring of a Company and bring it to IPO. The consulting service fees are recognized over the service period. Revenue from advertising services in movie theatre: The Company derives revenue from playing the advertisements on the theater screen. The Company recognizes revenue when the advertisements are shown on the theater screen. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Revenue Recognition 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, 2024, other than deferred revenue and accounts receivable, the Company had no material contract assets, contract liabilities or deferred contract costs recorded on its consolidated balance sheets. As of August 31, 2023, the Company had no 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, 2024 and 2023, respectively: August 31, 2024 August 31, 2023 Copyrights sales $ 1,436,800 $ 250,000 Embedded marketing service 507,508 — Consulting services 354,147 — NFT licenses 570,000 698,000 Theatre admissions 276,428 345,057 Food and beverage sales 128,512 180,165 Advertisement 27,072 — Total revenue $ 3,300,467 $ 1,473,222
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. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Fair Value of Financial Instruments 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 receivable, 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 .
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, 2024, the total number of warrants outstanding was 1,993,304,434 (See Note 9). No warrants were included in the diluted income per share as they would be anti-dilutive .
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. AB INTERNATIONAL GROUP CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2020, the FASB issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity,” which simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. This ASU also removes certain settlement conditions that are required for equity-linked contracts to qualify for the derivative scope exception, and it simplifies the diluted earnings per share calculation in certain areas. The new standard will become effective for fiscal years beginning after December 15, 2023, using either a modified retrospective or a fully retrospective method of transition, and early adoption is permitted. Management is currently evaluating the impact of the new standard on our financial statements. In December 2023, the FASB issued ASU No. 2023-09, “Improvements to Income Tax Disclosures” (Topic 740). The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income tax paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024. Early adoption is also permitted for annual financial statements that have not yet been issued or made available for issuance. This ASU will likely result in the required additional disclosures being included in the Company’s consolidated financial statements, once adopted. 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, 2024
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, 2024 August 31, 2023 Copyrights sales $ 1,436,800 $ 250,000 Embedded marketing service 507,508 — Consulting services 354,147 — NFT licenses 570,000 698,000 Theatre admissions 276,428 345,057 Food and beverage sales 128,512 180,165 Advertisement 27,072 — Total revenue $ 3,300,467 $ 1,473,222

NOTE 4 _ PROPERTY AND EQUIPME_2

NOTE 4 – PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Aug. 31, 2024
Property, Plant and Equipment [Abstract]
NOTE 4 - PROPERTY AND EQUIPMENT - Leasehold Improvement	August 31, 2024 August 31, 2023 Leasehold improvement $ 146,304 $ 146,304 Appliances and furniture 25,974 25,974 Total cost 172,278 172,278 Accumulated depreciation ( 167,903 ) ( 164,024 ) Property and equipment, net $ 4,375 $ 8,254

NOTE 5 _ INTANGIBLE ASSETS (Tab

NOTE 5 – INTANGIBLE ASSETS (Tables)	12 Months Ended
	Aug. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
NOTE 5 - INTANGIBLE ASSETS	August 31, 2024 August 31, 2023 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 300,000 300,000 Movie copyrights - Nice to meet you 300,000 300,000 Movie copyrights – 6 movies 506,533 — TV drama copyright - 20 episodes 295,000 295,000 Movie broadcast rights – 59 movies 2,439,840 2,439,840 NFT MMM platform 280,000 280,000 Total cost 9,525,331 9,018,798 Accumulated amortization (9,154,407 ) (7,563,688 ) Intangible assets, net $ 370,924 $ 1,455,110
NOTE 5 - INTANGIBLE ASSETS - Estimated Amortization Expense	Twelve months ending August 31, Amortization expense 2025 $ 345,767 2026 25,157 Total $ 370,924

NOTE 6 _ LEASES (Tables)

NOTE 6 – LEASES (Tables)	12 Months Ended
	Aug. 31, 2024
Leases [Abstract]
NOTE 6 - LEASES - Future Lease Payments	Twelve months ending August 31, 2025 $ 250,555 2026 255,412 2027 107,275 Total future minimum lease payments 613,242 Less: imputed interest ( 5,093 ) Total $ 608,149

NOTE 7 _ PURCHASE DEPOSITS FO_2

NOTE 7 – PURCHASE DEPOSITS FOR INTANGIBLE ASSETS (Tables)	12 Months Ended
	Aug. 31, 2024
NOTE 7 - PURCHASE DEPOSITS FOR INTANGIBLE ASSETS - Movie Copyrights and Broadcast Rights Pre-Payments	August 31, 2024 August 31, 2023 Purchase deposit for copyright and broadcast right for movies and series $ 745,123 $ — Purchase deposit for software — 300,000 Total purchase deposits for intangible assets $ 745,123 $ 300,000

NOTE 9 _ STOCKHOLDERS_ EQUITY (

NOTE 9 – STOCKHOLDERS’ EQUITY (Tables)	12 Months Ended
	Aug. 31, 2024
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, 2022 50,000,000 — Warrants granted during the year — — Warrants as of August 31, 2023 50,000,000 — Warrants granted during the year 1,943,304,434 — Exercisable as of August 31, 2024 1,993,304,434 —

NOTE 10 _ INCOME TAXES (Tables)

NOTE 10 – INCOME TAXES (Tables)	12 Months Ended
	Aug. 31, 2024
Income Tax Disclosure [Abstract]
NOTE 10 - INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities	August 31, 2024 August 31, 2023 Deferred tax asset attributable to: Net operating loss carry over $ 1,963,323 $ 2,077,213 Less: valuation allowance ( 1,963,323 ) ( 2,077,213 ) Net deferred tax asset $ — $ —
NOTE 11 - INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation	Year ended August 31, 2024 2023 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, 2024
Segment Reporting [Abstract]
NOTE 13 - SEGMENT INFORMATION - Summary of Information by Segment	NOTE 13 - SEGMENT INFORMATION - Summary of Information by Segment IP Segment Cinema Segment Total Year ended Year ended Year ended August 31 August 31 August 31 2024 2023 2024 2023 2024 2023 Revenue $ 2,868,455 $ 948,000 $ 432,012 $ 525,222 $ 3,300,467 $ 1,473,222 Cost of copyrights sold 119,517 — — — 119,517 — Operating costs — — 189,500 243,635 189,500 243,635 Depreciation and Amortization 1,664,338 3,052,613 — — 1,664,338 3,052,613 Interest expense 31,588 9,578 — — 31,588 9,578 Segment assets 2,257,669 2,598,255 91,501 23,825 2,349,170 2,622,080 Segment income (loss) $ 671,457 $ (3,720,974 ) $ (129,126 ) $ 154,264 $ 542,331 $ (3,566,710 )

NOTE 1 _ ORGANIZATION AND BUS_2

NOTE 1 – ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative)	12 Months Ended
	Aug. 31, 2024
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, 2024
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
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
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, 2024	Aug. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 1,839,308	$ 250,000
Revenue Not from Contract with Customer	432,012	525,222
Total revenue	3,300,467	1,473,222
Copyright Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	1,436,800	250,000
Embedded Marketing Service [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	507,508
Consulting Services [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	354,147
N F T Licenses [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	570,000	698,000
Theatre Admissions [Member]
Disaggregation of Revenue [Line Items]
Revenue Not from Contract with Customer	276,428	345,057
Food And Beverage Sales [Member]
Disaggregation of Revenue [Line Items]
Revenue Not from Contract with Customer	128,512	180,165
Advertisement [Member]
Disaggregation of Revenue [Line Items]
Revenue Not from Contract with Customer	$ 27,072

NOTE 2 _ SUMMARY OF SIGNIFICA_4

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Accounting Policies [Abstract]
Accounts Receivable, Allowance for Credit Loss	$ 0	$ 0
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
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	0	$ 0
Warrants and Rights Outstanding	$ 1,993,304,434

NOTE 3 _ GOING CONCERN (Details

NOTE 3 – GOING CONCERN (Details Narrative) $ in Millions	Aug. 31, 2024 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
[custom:RetainedEarningsAccumulatedDeficitEstimated-0]	$ 11.8
Banking Regulation, Total Capital, Actual	$ 0.2

NOTE 4 - PROPERTY AND EQUIPMENT

NOTE 4 - PROPERTY AND EQUIPMENT - Leasehold Improvement (Details) - USD ($)	Aug. 31, 2024	Aug. 31, 2023
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net	$ 4,375	$ 8,254
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	167,903	164,024
Property, Plant and Equipment, Net	$ 4,375	$ 8,254

NOTE 4 _ PROPERTY AND EQUIPME_3

NOTE 4 – PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation	$ 3,879	$ 4,441

NOTE 5 - INTANGIBLE ASSETS (Det

NOTE 5 - INTANGIBLE ASSETS (Details) - USD ($)	Aug. 31, 2024	Aug. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Total cost	$ 9,525,331	$ 9,018,798
Accumulated amortization	9,154,407	7,563,688
Intangible assets, net	370,924	1,455,110
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 Nice To Meet You [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	300,000	300,000
Movie Copyright Six Movies [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	506,533
Movie Copyright T V Drama [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	295,000	295,000
Broadcast 59 Movies [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, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Rolling 12 Months	$ 345,767
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Two	25,157
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Three	$ 370,924

NOTE 5 _ INTANGIBLE ASSETS (Det

NOTE 5 – INTANGIBLE ASSETS (Details Narrative) - USD ($)

1 Months Ended

9 Months Ended

12 Months Ended

Aug. 05, 2024

Jul. 27, 2024

Nov. 27, 2023

Nov. 21, 2023

Sep. 30, 2023

Sep. 10, 2023

Aug. 31, 2023

Nov. 30, 2023

May 31, 2023

Aug. 31, 2024

Aug. 31, 2023

Nov. 01, 2023

Aug. 20, 2022

Mar. 31, 2022

Indefinite-Lived Intangible Assets [Line Items]

Amortization of Intangible Assets

$ 3,048,172

$ 1,660,459

$ 3,048,172

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 M Monthly Renewal [Member]

Indefinite-Lived Intangible Assets [Line Items]

Sales-type Lease, Lease Receivable

$ 57,000

N F T M M M Platform [Member]

Indefinite-Lived Intangible Assets [Line Items]

Proceeds from License Fees Received

$ 570,000

$ 698,000

Fifty Nine Movies Capitalive Holdings [Member]

Indefinite-Lived Intangible Assets [Line Items]

Sales-type Lease, Lease Receivable

$ 250,000

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

All In One Media 4 Movies [Member]

Indefinite-Lived Intangible Assets [Line Items]

Asset Acquisition, Consideration Transferred

$ 104,714

All In One Media 4 Additional Movies [Member]

Indefinite-Lived Intangible Assets [Line Items]

Asset Acquisition, Consideration Transferred

$ 378,513

All In One Media 2 Movies [Member]

Indefinite-Lived Intangible Assets [Line Items]

Asset Acquisition, Consideration Transferred

$ 212,562

Anyone Pictures 1 Movie [Member]

Indefinite-Lived Intangible Assets [Line Items]

Asset Acquisition, Consideration Transferred

$ 180,000

Anyone Pictures Second Movie [Member]

Indefinite-Lived Intangible Assets [Line Items]

Asset Acquisition, Consideration Transferred

$ 211,800

Capitalive Holdings Limited Movie [Member]

Indefinite-Lived Intangible Assets [Line Items]

Asset Acquisition, Consideration Transferred

$ 140,000

Anyone Pictures 3 Movies [Member]

Indefinite-Lived Intangible Assets [Line Items]

Asset Acquisition, Consideration Transferred

$ 800,000

Zestv Studios 1 Movie [Member]

Indefinite-Lived Intangible Assets [Line Items]

Asset Acquisition, Consideration Transferred

$ 105,000

NOTE 6 - LEASES - Future Lease

NOTE 6 - LEASES - Future Lease Payments (Details)	Aug. 31, 2024 USD ($)
Leases [Abstract]
Operating Leases, Future Minimum Payments, Next Rolling 12 Months	$ 250,555
Operating Leases, Future Minimum Payments, Due in Rolling Year Two	255,412
Operating Leases, Future Minimum Payments, Due in Rolling Year Three	107,275
Lessee, Operating Lease, Liability, to be Paid	613,242
Receivable with Imputed Interest, Discount	5,093
Operating Lease, Liability	$ 608,149

NOTE 6 _ LEASES (Details Narrat

NOTE 6 – LEASES (Details Narrative) - USD ($)			12 Months Ended
	Nov. 30, 2023	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023	Jan. 31, 2024	Sep. 01, 2023	May 01, 2022	Oct. 21, 2021	May 01, 2019
Other Commitments [Line Items]
Operating Leases, Rent Expense, Net			$ 163,529	$ 291,319
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
Operating Leases, Rent Expense, Net			$ 0	$ 66,048
Hong Kong Lease Renewal [Member]
Other Commitments [Line Items]
Operating Leases, Future Minimum Payments Due, Next 12 Months							$ 66,048
Lease Expiration Date		Aug. 31, 2023
Third Party Hong Kong Lease [Member]
Other Commitments [Line Items]
Lessee, Operating Lease, Term of Contract						1 month
Operating Leases, Future Minimum Payments Due, Next 12 Months						$ 766
Lease Expiration Date	Nov. 30, 2023
Kisco Theatre [Member]
Other Commitments [Line Items]
Lessee, Operating Lease, Term of Contract								5 years
Operating Leases, Future Minimum Payments, Due in Two Years								$ 14,366
Operating Leases, Future Minimum Payments, Due in Three Years								$ 20,648
Kisco Theatre Reduced [Member]
Other Commitments [Line Items]
Operating Leases, Future Minimum Payments, Due in Three Years					$ 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, 2024	Aug. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid Expense and Other Assets	$ 745,123	$ 300,000
T V Drama Series Copyright [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid Expense and Other Assets	745,123
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	$ 745,123	$ 300,000

NOTE 7 _ PURCHASE DEPOSITS FO_3

NOTE 7 – PURCHASE DEPOSITS FOR INTANGIBLE ASSETS (Details Narrative) - USD ($)				12 Months Ended
	Nov. 28, 2023	Aug. 31, 2023	Jun. 08, 2023	Aug. 31, 2024	Aug. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gain (Loss) on Disposition of Other Assets				$ (85,000)
New Movie [Member]
Finite-Lived Intangible Assets [Line Items]
Earnest Money Deposits				300,000
T V Drama Series [Member]
Finite-Lived Intangible Assets [Line Items]
Earnest Money Deposits				155,123
Broadcast Rights Two Movies [Member]
Finite-Lived Intangible Assets [Line Items]
Earnest Money Deposits				$ 290,000
Streaming Software [Member]
Finite-Lived Intangible Assets [Line Items]
Research, Development and Computer Software, Activity Description			On June 8, 2023, the Company 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
Gain (Loss) on Disposition of Other Assets	$ 385,000
Streaming Software Amended [Member]
Finite-Lived Intangible Assets [Line Items]
Research and Development Expense, Software (Excluding Acquired in Process Cost)	385,000
Gain (Loss) on Disposition of Other Assets	85,000
[custom:MonthlyIncomeFromConsultingServices]	$ 25,600

NOTE 8 _ RELATED PARTY TRANSA_2

NOTE 8 – RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)

1 Months Ended

12 Months Ended

Nov. 28, 2023

Aug. 31, 2023

Jun. 01, 2023

Jun. 23, 2022

Sep. 11, 2020

Sep. 11, 2020

Jul. 01, 2020

Sep. 30, 2019

Aug. 31, 2024

Aug. 31, 2023

Aug. 31, 2022

Aug. 31, 2020

Aug. 05, 2024

Aug. 31, 2021

Jan. 01, 2021

Related Party Transaction [Line Items]

Accounts Payable and Accrued Liabilities, Current

$ 156,763

$ 30,945

$ 156,763

Gain (Loss) on Disposition of Other Assets

(85,000)

Operating Leases, Rent Expense, Net

163,529

291,319

Other Loans Payable

$ 0

$ 0

$ 0

Preferred Stock, Par or Stated Value Per Share

$ 0.001

$ 0.001

$ 0.001

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 [Member]

Related Party Transaction [Line Items]

Payments to Employees

$ 15,049

C F O [Member]

Related Party Transaction [Line Items]

Payments to Employees

0

Chief Investment Officer [Member]

Related Party Transaction [Line Items]

Payments to Employees

0

$ 32,446

C E O And C F O [Member]

Related Party Transaction [Line Items]

Payments to Employees

198,113

Zestv Offline Broadcast Rights One Movie [Member]

Related Party Transaction [Line Items]

Sales-type Lease, Lease Receivable

$ 105,000

Hong Kong Lease [Member]

Related Party Transaction [Line Items]

Operating Leases, Rent Expense, Net

0

66,048

Streaming Software [Member]

Related Party Transaction [Line Items]

Payments to Develop Software

$ 300,000

Gain (Loss) on Disposition of Other Assets

$ 385,000

Proceeds from Collection of (Payments to Fund) Long-Term Loans to Related Parties

$ 385,000

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]

Lease Expiration Date

Aug. 31, 2023

Zestv Studios Loan Two [Member]

Related Party Transaction [Line Items]

Payment of Financing and Stock Issuance Costs

154,942

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

Research and Development Expense

$ 108,800

Debt Instrument, Periodic Payment

6,388

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

$ 0

$ 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

Receivable with Imputed Interest, Effective Yield (Interest Rate)

5%

5%

Shareholder Loan [Member]

Related Party Transaction [Line Items]

Accounts Payable, Other, Current

$ 748,285

$ 697,281

$ 193,174

$ 748,285

Debt Instrument, Interest Rate Terms

The amount under this line of credit is non-interest bearing and due on demand starting from June 1, 2023

Shareholder Loan Additional [Member]

Related Party Transaction [Line Items]

Increase (Decrease) in Notes Payable, Related Parties

794,865

Payments to Fund Long-Term Loans to Related Parties

$ 971,365

NOTE 9 - STOCKHOLDERS' EQUITY

NOTE 9 - STOCKHOLDERS' EQUITY - A Summary of Warrant Activity (Details) - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Original Shares Issued [Member]
Short-Term Debt [Line Items]
Class of Warrant or Right, Outstanding	1,993,304,434	50,000,000	50,000,000
Adjustment of Warrants Granted for Services	$ 1,943,304,434
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 ($)

12 Months Ended

Aug. 31, 2024

Aug. 19, 2024

Jul. 20, 2024

Jun. 13, 2024

Apr. 22, 2024

Feb. 05, 2024

Oct. 05, 2023

Sep. 08, 2023

Jun. 12, 2023

Sep. 06, 2022

Aug. 02, 2022

Aug. 31, 2024

Aug. 31, 2023

Jun. 21, 2023

Oct. 11, 2022

Oct. 10, 2022

Aug. 31, 2022

Accumulated Other Comprehensive Income (Loss) [Line Items]

Common Stock, Par or Stated Value Per Share

$ 0.001

$ 0.001

$ 0.001

Stockholders' Equity, Reverse Stock Split

On April 22, 2024, the Board of Directors approved a reverse split of the Corporation’s issued and outstanding common stock, which has a par value $0.001 per share. The reverse split ratio has been determined at 1 for 2,000 shares. The effectiveness of this reverse split is contingent upon receiving approval from the Financial Industry Regulatory Authorization (FINRA

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

[custom:StockholdersEquityReverseStockSplitCancellation]

On August 19, 2024, the Board of Directors decided to cancel the company's upcoming 1-for 2,000 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 plans to inform FINRA that it will not be moving forward with the reverse split and will withdraw its application

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 shareholders 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 withdrew its application

Payments for Repurchase of Common Stock

$ 50,699

Accelerated Share Repurchases, Final Price Paid Per Share

$ 0.001

Common Stock, Shares Authorized

10,000,000,000

10,000,000,000

10,000,000,000

10,000,000,000

1,000,000,000

Proceeds from Issuance of Common Stock

$ 146,475

Common Stock, Shares, Issued

2,281,266,321

2,281,266,321

1,285,283,385

Common Stock, Shares, Outstanding

2,281,266,321

2,281,266,321

1,285,283,385

[custom:SeriesCPreferredSharesIssuedAmount]

$ 69,000

Dividend, Share-Based Payment Arrangement

$ 0

$ 31,387

Original Shares Issued [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Class of Warrant or Right, Outstanding

1,993,304,434

1,993,304,434

50,000,000

50,000,000

Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life

4 years 8 months 26 days

Preferred Class C [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Conversion of Stock, Shares Converted

174,421

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

C E O [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accrued Salaries, Current

$ 45,000

C E O [Member] | Restricted Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture

225,000,000

Common Stock, Par or Stated Value Per Share

$ 0.001

Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Conversion of Units

1,056,681,936

700,770,802

[custom:StockCancelledDuringPeriodSharesCommonShares]

235,000,000

[custom:SeriesCPreferredSharesIssuedShares]

[custom:SeriesCPreferredSharesIssuedAmount]

July 2024 Share Repurchase [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Repurchased During Period, Shares

50,699,000

Payments for Repurchase of Common Stock

$ 38,485

Alumni Capital Agreement Two [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Long-Term Purchase Commitment, Amount

$ 5,000,000

Long-Term Purchase Commitment, Specified Form of Payment

Pursuant to the Purchase Agreement, the Investment Amount means seventy percent (70%) of the lowest daily Volume Weighted Average Price (“VWAP”) of the Common Stock five business days prior to the Closing of a Purchase Notice. No Purchase Notice will be made without an effective registration statement and no Purchase Notice will be in an amount greater than (i) $250,000 or (ii) three hundred percent (300%) of the Average Daily Trading Volume during the five business days prior to a Purchase Notice

Debt Instrument, Convertible, Associated Derivative Transactions, Description

he number of our common stock shares to be sold to Alumni Capital will not exceed the number of shares that, when aggregated together with all other shares of our common stock which the investor is deemed to beneficially own, would result in the investor owning more than 4.99% of our outstanding common stock. The percentage may be increased to no more than 9.99% upon notice under the Purchase Agreement

Alumni Capital [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

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.

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

$ 1,000,000

Common Stock, Shares Subscribed but Unissued

200,000,000

Alumni Capital Total Proceeds [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Proceeds from Issuance of Common Stock

$ 146,475

Alumni Capital Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Warrants Issued

1,943,304,434

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

$ 0.00129

Warrants and Rights Outstanding, Term

5 years

Debt Instrument, Call Feature

The number of shares under the Common Stock Purchase Warrant is subject to adjustment based on the following formula: (i) fifty percent (50%) of the Commitment Amount, less the exercise value of all partial exercises prior to the Exercise Date, divided by (ii) the Exercise Price on the Exercise Date. The exercise price per was calculated by dividing $3,000,000 by the total number of issued and outstanding shares of common stock as of June 13, 2024

Derivative Asset, Subject to Master Netting Arrangement, before Offset

$ 970,945

Derivatives, Methods of Accounting, Hedging Derivatives [Policy Text Block]

The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying common shares of $0.0005; risk free rate of 4.24%; expected term of 5 years

Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Stock Issued During Period, Shares, Conversion of Units

(174,421)

(250,268)

[custom:SeriesCPreferredSharesIssuedShares]

90,275

[custom:SeriesCPreferredSharesIssuedAmount]

$ 90

Preferred Stock [Member] | Preferred Class C [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Conversion of Stock, Shares Converted

174,421

Preferred Class C [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

[custom:StockWaivedDuringPeriodByAccreditedInvestor-0]

1,436

NOTE 10 - INCOME TAXES - Schedu

NOTE 10 - INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Aug. 31, 2024	Aug. 31, 2023
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Operating Loss Carryforwards	$ 1,963,323	$ 2,077,213
Deferred Tax Assets, Valuation Allowance	1,963,323	2,077,213
Deferred Tax Assets, Net of Valuation Allowance

NOTE 11 - INCOME TAXES - Schedu

NOTE 11 - INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
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 ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Effective Income Tax Rate Reconciliation [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%
Deferred Tax Assets, Valuation Allowance	$ 1,963,323	$ 2,077,213
Hong Kong Tax Rate [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	16.50%

NOTE 11 _ CONCENTRATION RISK (D

NOTE 11 – CONCENTRATION RISK (Details Narrative) - USD ($)			12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2024	Aug. 31, 2023
Concentration Risk [Line Items]
[custom:HongKongDepositProtection-0]	$ 64,000		$ 64,000
Cash Equivalents, at Carrying Value	0	$ 92,972	0	$ 92,972
Cash, FDIC Insured Amount	250,000		250,000
Fair Value, Concentration of Risk, Cash and Cash Equivalents	$ 64,430	$ 24,124	$ 64,430	$ 24,124
Revenue Customer One [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			52%	47%
Revenue Customer Two [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage			25%	17%
Accounts Receivable One Customer [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	96%	0%

NOTE 13 - SEGMENT INFORMATION -

NOTE 13 - SEGMENT INFORMATION - Summary of Information by Segment (Details) - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 3,300,467	$ 1,473,222
Cost of copyrights sold	119,517
Operating costs	189,500	243,635
Depreciation and Amortization	1,664,338	3,052,613
Interest expense	31,588	9,578
Segment assets	2,349,170	2,622,080
Segment income (loss)	542,331	(3,566,710)
I P Segment [Member]
Segment Reporting Information [Line Items]
Revenue	2,868,455	948,000
Cost of copyrights sold	119,517
Operating costs
Depreciation and Amortization	1,664,338	3,052,613
Interest expense	31,588	9,578
Segment assets	2,257,669	2,598,255
Segment income (loss)	671,457	(3,720,974)
Cinema Segment [Member]
Segment Reporting Information [Line Items]
Revenue	432,012	525,222
Cost of copyrights sold
Operating costs	189,500	243,635
Depreciation and Amortization
Interest expense
Segment assets	91,501	23,825
Segment income (loss)	$ (129,126)	$ 154,264