Leader Capital (LCHD) 10-Q 21 Apr 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Feb. 28, 2022	Apr. 04, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Feb. 28, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--08-31
Entity File Number	333-221548
Entity Registrant Name	LEADER CAPITAL HOLDINGS CORP.
Entity Central Index Key	0001715433
Entity Tax Identification Number	37-1853394
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Room 2708-09
Entity Address, Address Line Two	Metropolis Tower
Entity Address, Address Line Three	10 Metropolis Drive
Entity Address, City or Town	Hung Hom
Entity Address, Country	HK
City Area Code	852
Local Phone Number	3487-6378
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		179,230,069

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Feb. 28, 2022	Aug. 31, 2021
Current assets:
Cash and cash equivalents	$ 157,571	$ 787,154
Accounts receivable	2,527	1,567
Prepayments, deposits and other receivables	250,642	231,715
Inventory	11,186	1,128
Total current assets	421,926	1,021,564
Non-current assets
Plant and equipment, net	76,081	69,760
Intangible assets	587,238	630,809
Goodwill	1,747,945	1,747,945
Operating lease right-of-use assets, net	324,928	352,354
Prepayments, deposits and other receivables	25,923	102,339
Total non-current assets	2,762,115	2,903,207
TOTAL ASSETS	3,184,041	3,924,771
Current liabilities
Accrued expenses and other payables	610,558	374,269
Contract liabilities	2,853	16,225
Operating lease liability, current	238,267	292,024
Bonds payable	600,000	600,000
Convertible notes payable to related parties	518,000	108,000
Loan from a shareholder	158,000
Due to shareholders	202,663	53,791
Due to a director	978,636	1,098,374
Total current liabilities	3,308,977	2,542,683
Non-current liabilities
Operating lease liability, non-current	86,661	60,331
Deferred tax liabilities	116,538	125,502
Convertible notes payable to related parties		882,000
Total non-current liabilities	203,199	1,067,833
TOTAL LIABILITIES	3,512,176	3,610,516
COMMITMENTS AND CONTINGENCIES (Note 14)
STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common stock, $0.0001 par value; 600,000,000 shares authorized; 167,959,219 and 157,949,219 shares issued and outstanding as of February 28, 2022 and August 31, 2021, respectively	16,796	15,795
Additional paid-in capital	27,312,453	23,470,641
Accumulated other comprehensive income	(160,031)	(171,114)
Accumulated deficits	(27,497,353)	(23,001,067)
TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY	(328,135)	314,255
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY	$ 3,184,041	$ 3,924,771

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 28, 2022	Aug. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	167,959,219	157,949,219
Common stock, shares outstanding	167,959,219	157,949,219

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)		3 Months Ended		6 Months Ended
		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Income Statement [Abstract]
REVENUE		$ 7,631	$ 32,389	$ 22,436	$ 55,252
OPERATING EXPENSES
Research and development expenses		(114,896)	(157,594)	(261,179)	(304,565)
Sales and marketing expenses		(33,764)	(61,028)	(247,536)	(170,730)
General and administrative expenses		(1,110,932)	(2,524,760)	(2,781,422)	(5,477,927)
LOSS FROM OPERATIONS		(1,251,961)	(2,710,993)	(3,267,701)	(5,897,970)
Interest expense		(22,196)	(16,957)	(50,596)	(32,403)
(Loss) Gain on change in fair value of convertible notes		(1,076,830)	150,755	(1,181,330)	(330,288)
OTHER (EXPENSE) INCOME
Exchange difference, net		(30,974)		(6,054)
Other income – from related parties					1,823
Other income – from non-related parties		80	1,733	531	21,202
Non-operating income (expense)		(30,894)	1,733	(5,523)	23,025
LOSS BEFORE INCOME TAX		(2,381,881)	(2,575,462)	(4,505,250)	(6,237,636)
Income tax benefit		4,482	5,115	8,964	10,229
NET LOSS		(2,377,399)	(2,570,347)	(4,496,286)	(6,227,407)
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustment		35,460	35,791	11,083	35,584
TOTAL COMPREHENSIVE LOSS		$ (2,377,399)	$ (2,534,556)	$ (4,485,203)	$ (6,191,823)
Net loss per share - Basic and diluted		$ (0.02)	$ (0.02)	$ (0.03)	$ (0.05)
Weighted average number of shares of common stock outstanding - Basic and diluted	[1]	170,033,710	141,553,018	165,431,246	139,224,402
[1]	Including 1,600,000 shares converted from convertible notes but not yet issued and 4,578,868 shares granted and vested but not yet issued for the period ended February 28, 2022; and including 58,333 shares that were granted and vested but not yet issued for the period ended February 28, 2021.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Aug. 31, 2020	$ 13,548	$ 13,272,673		$ (11,307,575)	$ 1,978,646
Balance, shares at Aug. 31, 2020	135,474,219
Shares to be issued in private placement	$ 142	417,858			418,000
Shares to be issued in private placement, shares	1,420,000
Shares issued to service providers	$ 350	(350)
Shares issued to service providers, shares	3,500,000
Shares issued to employees	$ 900	(900)
Shares issued to employees, shares	9,000,000
Cancellation of restricted shares	$ (1,050)	1,050
Cancellation of restricted shares, shares	(10,500,000)
Share compensation		3,834,592			3,834,592
Foreign currency translation adjustment			35,584		35,584
Net loss				(6,227,407)	(6,227,407)
Balance at Feb. 28, 2021	$ 13,890	17,524,923	35,584	(17,534,982)	39,415
Balance, shares at Feb. 28, 2021	138,894,219
Balance at Nov. 30, 2020	$ 12,998	15,630,483	(207)	(14,964,635)	678,639
Balance, shares at Nov. 30, 2020	129,974,219
Shares to be issued in private placement	$ 142	219,858			220,000
Shares to be issued in private placement, shares	1,420,000
Shares issued to service providers	$ 350	(350)
Shares issued to service providers, shares	3,500,000
Shares issued to employees	$ 900	(900)
Shares issued to employees, shares	9,000,000
Cancellation of restricted shares	$ (500)	500
Cancellation of restricted shares, shares	(5,000,000)
Share compensation		1,675,332			1,675,332
Foreign currency translation adjustment			35,791		35,791
Net loss				(2,570,347)	(2,570,347)
Balance at Feb. 28, 2021	$ 13,890	17,524,923	35,584	(17,534,982)	39,415
Balance, shares at Feb. 28, 2021	138,894,219
Balance at Aug. 31, 2021	$ 15,795	23,470,641	(171,114)	(23,001,067)	314,255
Balance, shares at Aug. 31, 2021	157,949,219
Balance at Nov. 30, 2021	$ 16,211	24,970,454	(195,491)	(25,119,954)	(328,780)
Balance, shares at Nov. 30, 2021	162,109,219
Balance at Aug. 31, 2021	$ 15,795	23,470,641	(171,114)	(23,001,067)	314,255
Balance, shares at Aug. 31, 2021	157,949,219
Shares to be issued in private placement	$ 901	1,149,099			1,150,000
Shares to be issued in private placement, shares	9,010,000
Shares issued to service providers	$ 100	(100)
Shares issued to service providers, shares	1,000,000
Shares to be issued on conversion of convertible notes		1,632,000			1,632,000
Shares to be issued on conversion of convertible notes, shares	1,600,000
Share compensation		1,060,813			1,060,813
Foreign currency translation adjustment			11,083		11,083
Net loss				(4,496,286)	(4,496,286)
Balance at Feb. 28, 2022	$ 16,796	27,312,453	(160,031)	(27,497,353)	(328,135)
Balance, shares at Feb. 28, 2022	169,559,219
Balance at Nov. 30, 2021	$ 16,211	24,970,454	(195,491)	(25,119,954)	(328,780)
Balance, shares at Nov. 30, 2021	162,109,219
Shares to be issued in private placement	$ 485	484,515			485,000
Shares to be issued in private placement, shares	4,850,000
Shares issued to service providers	$ 100	(100)
Shares issued to service providers, shares	1,000,000
Shares to be issued on conversion of convertible notes		1,632,000			1,632,000
Shares to be issued on conversion of convertible notes, shares	1,600,000
Share compensation		225,584			225,584
Foreign currency translation adjustment			35,460		35,460
Net loss				(2,377,399)	(2,377,399)
Balance at Feb. 28, 2022	$ 16,796	$ 27,312,453	$ (160,031)	$ (27,497,353)	$ (328,135)
Balance, shares at Feb. 28, 2022	169,559,219

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,496,286)	$ (6,227,407)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on change in fair value of convertible notes	1,181,330	330,288
Share based compensation	1,060,813	3,834,592
Amortization of operating lease right-of-use assets	169,682	152,989
Depreciation and amortization	66,080	70,713
Exchange difference, net	6,054
Changes in operating assets and liabilities:
Accounts receivable	(991)
Prepayments, deposits and other receivables	55,623	51,006
Inventory	(10,164)	(1,774)
Amount due from a director		189,474
Deferred tax liabilities	(8,964)	(10,227)
Operating lease liabilities	(169,682)	(147,911)
Accrued expenses and other payables	205,975	47,070
Net cash used in operating activities	(1,940,530)	(1,711,187)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of plant and equipment	(27,787)	(58,609)
Acquisition of intangible assets	(1,437)	(1,023)
Net cash used in investing activities	(29,224)	(59,632)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from shares issued in private placement	1,150,000	418,000
Proceeds from convertible notes issuance		800,000
Loan from a shareholder	158,000
Advance from shareholders	151,853	175,770
Repayment to a director	(119,207)
Advance from a director		55,937
Net cash provided by financing activities	1,340,646	1,449,707
Effects of exchange rate changes on cash and cash equivalents	(475)	53,037
Net decrease in cash and cash equivalents	(629,583)	(268,075)
Cash and cash equivalents, beginning of period	787,154	432,087
CASH AND CASH EQUIVALENTS, END OF PERIOD	157,571	164,012
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes
Cash paid for interest	$ 42,000	$ 36,666

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	6 Months Ended
	Feb. 28, 2022
Accounting Policies [Abstract]
ORGANIZATION AND BUSINESS BACKGROUND	1. ORGANIZATION AND BUSINESS BACKGROUND Leader Capital Holdings Corp. (“LCHD” or the “Company”) was incorporated on March 22, 2017 under the laws of the State of Nevada. The Company, through its subsidiaries, mainly operates and services a mobile application investment platform. SCHEDULE OF SUBSIDIARIES OF COMPANY Company Name Place/Date of Incorporation Principal Activities 1. Leader Financial Group Limited (“LFGL”) Seychelles / March 6, 2017 Investment Holding 2. JFB Internet Service Limited (“JFB”) Hong Kong / July 6, 2017 Provides an Investment Platform On August 17, 2020, LCHD, through JFB, acquired all of the issued and outstanding capital stock (the “Acquisition”) of Nice Products Inc. (“NPI”), pursuant to the terms and conditions of that certain Stock Purchase Agreement, dated as of August 17, 2020, among the Company, JFB, NPI, the selling shareholders of NPI identified therein (each a “Seller,” and, collectively, the “Sellers”) and the representative of the Sellers identified therein. As a result of the Acquisition, the Company now owns indirectly 100 The aggregate purchase price for the Acquisition was $ 4,850,000 3,506,042 8,415,111 After the completion of the acquisition, NPI became an indirect wholly owned subsidiary of the Company. NPI was incorporated in the British Virgin Islands on December 17, 2018. NPI, through its subsidiaries, mainly engages in the development of ecological-systems applications, integration of big data and promotion of Over-the-Top (“OTT”) applications. Company Name Place/Date of Incorporation Principal Activities 1. LOC Weibo Co., Ltd. (“LOC”) Republic of China/September 29, 2017 Development of ecological-systems applications, integration of big data and promotion of OTT applications 2. Beijing DataComm Cloud Media Technology Co., Ltd. (“BJDC”) People’s Republic of China /April 16, 2013 Development of ecological-systems applications, integration of big data and promotion of OTT applications LCHD and its subsidiaries (including NPI and its subsidiaries) are hereinafter referred to as the “Company”.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Feb. 28, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These unaudited condensed consolidated financial statements of the Company and its subsidiaries are unaudited. In the opinion of management, all adjustments (which are of a normal recurring nature) and disclosures necessary for a fair presentation of these unaudited condensed consolidated financial statements have been included. The results reported in the unaudited condensed consolidated financial statements for any interim periods are not necessarily indicative of the results that may be reported for the entire year. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP”), and include the accounts of the Company and its subsidiaries. However, they do not include all information and footnotes necessary for a complete presentation of financial statements in conformity with U.S. GAAP. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Intercompany accounts and transactions have been eliminated in consolidation. The Company has adopted August 31 as its fiscal year end. These unaudited financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the Company’s annual report on amended Form 10-K for the year ended August 31, 2021. Going Concern The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As of February 28, 2022, the Company has suffered recurring losses from operations, and records an accumulated deficit and a working capital deficit of $ 27,497,353 and $ 2,887,051 respectively. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company’s profit generating operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. The Company expects to finance its operations primarily through cash flows from operations, loans from existing directors and shareholders and placements of capital stock for additional funding. In the event that the Company requires additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, a shareholder has indicated the intent and ability to provide additional financing. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing. In March 2020 the World Health Organization declared coronavirus COVID-19 a global pandemic. The COVID-19 pandemic has negatively impacted the global economy, workforces, customers, and created significant volatility and disruption of financial markets. It has also disrupted the normal operations of many businesses, including the Company’s businesses. This outbreak could decrease spending, adversely affect demand for the Company’s services and harm its business and results of operations. It is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on its business or results of operations at this time. These unaudited condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and the classification of liabilities that might be necessary should the Company be unable to continue as going concern. Use of Estimates The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, costs and expenses, and related disclosures. On an on-going basis, the Company evaluates its estimates based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The COVID-19 pandemic has created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business slowdowns or shutdowns, depress demand for the Company’s business, and adversely impact its results of operations. The Company expects uncertainties around its key accounting estimates to continue to evolve depending on the duration and degree of impact associated with the COVID-19 pandemic. Its estimates may change as new events occur and additional information emerges, and such changes are recognized or disclosed in its consolidated financial statements. Identified below are the accounting policies that reflect the Company’s most significant estimates and judgments, and those that the Company believes are the most critical to fully understanding and evaluating its unaudited condensed consolidated financial statements. Business combination The Company accounts for its business combinations using the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805 “Business Combinations.” The cost of an acquisition is measured as the aggregate of the acquisition date fair values of the assets transferred and liabilities incurred by the Company to the sellers and equity instruments issued. Transaction costs directly attributable to the acquisition are expensed as incurred. Identifiable assets and liabilities acquired or assumed are measured separately at their fair values as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of (i) the total costs of acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of comprehensive income. During the measurement period, which can be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of comprehensive income. When there is a change in ownership interests that result in a loss of control of a subsidiary, the Company deconsolidates the subsidiary from the date control is lost. Any retained non-controlling investment in the former subsidiary is measured at fair value and is included in the calculation of the gain or loss upon deconsolidation of the subsidiary. Goodwill and impairment of Goodwill Goodwill represents the excess of the purchase price and related costs over the fair value of the net identified tangible and intangible assets and liabilities assumed and is not amortized (“Goodwill”) . The total amount of Goodwill is deductible for tax purposes. In accordance with ASC Topic 350, “Intangibles-Goodwill and Other,” Goodwill is not amortized but is tested for impairment, annually or more frequently when circumstances indicate a possible impairment may exist. Impairment testing is performed at a reporting unit level. An impairment loss generally would be recognized when the carrying amount of the reporting unit exceeds its fair value. The Company estimates fair value of the applicable reporting unit or units using a discounted cash flow methodology. This methodology represents a level 3 fair value measurement as defined under ASC 820, Fair Value Measurements and Disclosures, since the inputs are not readily observable in the marketplace. The goodwill impairment testing process involves the use of significant assumptions, estimates and judgments, including projected sales, gross margins, selling, general and administrative expenses, and capital expenditures, and the selection of an appropriate discount rate, all of which are subject to inherent uncertainties and subjectivity. When the Company performs goodwill impairment testing, its assumptions are based on annual business plans and other forecasted results, which it believes represent those of a market participant. The Company selects a discount rate, which is used to reflect market-based estimates of the risks associated with the projected cash flows based on the best information available as of the date of the impairment assessment. Based on the annual impairment analysis, there is no impairment on the goodwill recorded in the Company’s financial statements. Given the current macro-economic environment and the uncertainties regarding its potential impact on the Company’s business, there can be no assurance that its estimates and assumptions used in its impairment tests will prove to be accurate predictions of the future. If the Company’s assumptions regarding forecasted cash flows are not achieved, it is possible that an impairment review may be triggered and goodwill may be impaired. Cash and Cash Equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. Software Development Costs The Company expenses software development costs, including costs to develop software products or the software component of products to be marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products and, as a result, development costs that meet the criteria for capitalization were not material for the periods presented. The Company capitalizes development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. No Revenue Recognition The Company adopted Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. The Company recognizes revenue following the five-step model prescribed under ASU 2014-09: Step 1: Identify the contract Step 2: Identify the performance obligations Step 3: Determine the transaction price Step 4: Allocate the transaction price Step 5: Recognize revenue Revenues are recognized when control of the promised goods or services is transferred to the Company’s customers, which may occur at a point in time or over time depending on the terms and conditions of the agreement, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. Provision of investment platform services The Company signed an agreement with a third party whereby the Company authorized the third party to use the Company’s JFB platform and related applications for a period until December 31, 2020. Income from provision of investment platform services with the use of the Company’s mobile applications is recognized when the service is performed. From September, 2020, the Company generated additional revenue from a new, more comprehensive mobile application, which refer to as the FinMaster mobile application (the “FinMaster App” and together with the JFB platform, the “Apps”), with similar functions as the JFB platform. Income from providing investment platform services with the use of a mobile application is recognized when the service is performed. The Company offers a self-managed points program, which can be used in the FinMaster App to redeem merchandise or services. The Company determines the value of each point based on estimated incremental cost. Customers and advocates have a variety of ways to obtain the points. The major accounting policy for its points program is described as follows: The Company concludes the bonus points offered linked to the purchase transaction of the points is a material right and accordingly a separate performance obligation according to ASC 606, and should be taken into consideration when allocating the transaction price of the point sales. The Company also estimates the probability of points redemption when performing the allocation. The amount allocated to the bonus points as separate performance obligation is recorded as contract liability (deferred revenue) and revenue should be recognized when future goods or services are transferred. The Company will continue to monitor when and if forfeiture rate data becomes available and will apply and update the estimated forfeiture rate at each reporting period. Since historical information is limited for the Company to determine any potential points forfeitures and most merchandise can be redeemed without requiring a significant amount of points compared with the amount of points provided to users, the Company has used an estimated forfeiture rate of zero. Provision of software development service and maintenance service The Company entered into several agreements with third party customers to assist the customers in the development of their mobile communications software and mobile e-commerce software. Income from provision of software development service and maintenance service are recognized when the service is performed. The Company entered into a Customized App Development Agreement with a third-party learning educational service company, providing the online and offline learning opportunities across different subjects.. The Company plans to deliver an app and the follow-up maintenance service. As of February 28, 2022, the Company commenced the preparation work and will start to work towards the goal of commencing service in phases from the third quarter of current fiscal year. For the six and three months ended February 28, 2022, no revenue was generated from this customer. Revenue by major product line SCHEDULE OF REVENUE BY MAJOR PRODUCT LINE February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Provision of investment platform services $ 4,799 $ 10,408 $ 1,557 $ 6,788 Provision of software development service and maintenance service 17,637 44,844 6,074 25,601 Revenue by major product line $ 22,436 $ 55,252 $ 7,631 $ 32,389 Revenue by Recognition Over Time vs Point in Time SCHEDULE OF REVENUE BY RECOGNITION OVER TIME VS POINT IN TIME February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Revenue by recognition over time $ 22,436 $ 55,252 $ 7,631 $ 32,389 Revenue by recognition at a point in time - - - - Revenue by recognition $ 22,436 $ 55,252 $ 7,631 $ 32,389 Remaining performance obligations represent contracted revenues that had not yet been recognized, and include deferred revenues; invoices that have been issued to customers but were uncollected and have not been recognized as revenues; and amounts that will be invoiced and recognized as revenues in future periods. As of February 28, 2022, the Company’s remaining performance obligations were $ 2,853 The Company had not occurred any costs to obtain contracts. The Company does not have amounts of contract assets since revenue is recognized as control of goods or services is transferred. The contract liabilities consist of advance payments from customers. The contract liabilities are reported in a net position on a customer-by-customer basis at the end of each reporting period. All contract liabilities are expected to be recognized as revenue within one year and are included in other payables and accrued liabilities in the consolidated balance sheet. Contract balances The Company’s contract liabilities consist of receipts in advance for software development and FinMaster App. Below is the summary presenting the movement of the Company’s contract liabilities for the six months ended February 28, 2022 and 2021: SCHEDULE OF CONTRACT LIABILITIES Receipt in advance 2021 2020 Balance as of September 1 $ 16,225 $ 2,896 Advances received from customers related to unsatisfied performance obligations 2,677 9,760 Revenue recognized from beginning contract liability balance (15,948 ) (2,990 ) Exchange difference (101 ) 296 Balance as of February 28 $ 2,853 $ 9,962 Practical Expedients and Exemption The Company has not incurred any costs to obtain contracts, and does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. Research and development expenses Research and development (“R&D”) expenses are primary comprised of charges for R&D and consulting work performed by third parties; salaries and benefits for those employees engaged in research, design and development activities; costs related to design tools; and allocated costs. For the six months ended February 28, 2022 and 2021, the total R&D expenses were $ 261,179 304,565 For the three months ended February 28, 2022 and 2021, the total R&D expenses were $ 114,896 157,594 Sales and marketing expenses Sales and marketing expenses consist primarily of marketing and promotional expenses, salaries and other compensation-related expenses to sales and marketing personnel. Advertising expenses consist primarily of costs for the promotion of corporate image and product marketing. The Company expenses all advertising costs as incurred and classifies these costs under sales and marketing expenses. For the six months ended February 28, 2022 and 2021, advertising costs totaled $ 240,049 143,828 29,446 46,467 From September 2019, customers or users of the FinMaster App can obtain points through any other ways such as account registration referral to the FinMaster App, frequent sign-ins to the application and sharing articles from the application to users’ own social media, etc. The Company believes these points are to encourage user engagement and generate market awareness. As a result, the Company accounts for such points as sales and marketing expenses with a corresponding liability recorded under other current liabilities of its unaudited condensed consolidated balance sheets upon the points offering. The Company estimates liabilities under the customer loyalty program based on cost of the merchandise that can be redeemed, and its estimate of probability of redemption. At the time of redemption, the Company records a reduction of inventory and other current liabilities. Since historical information is limited for the Company to determine any potential points forfeiture and most merchandise can be redeemed without requiring a significant amount of points compared with the amount of points provided to users, the Company has used an estimated forfeiture rate of zero. For the six months ended February 28, 2022 and 2021, redeemable point liability charged as sales and marketing expenses were $ 7,487 26,902 For the three months ended February 28, 2022 and 2021, redeemable point liability charged as sales and marketing expenses were $ 4,318 14,561 As of February 28, 2022 and August 31, 2021, liabilities recorded related to unredeemed points were $ 82,043 and $ 75,648 , respectively, which were included in other payables (note 8). General and administrative expenses General and administrative expenses consist primarily of salaries, bonuses and benefits for employees involved in general corporate functions, depreciation and amortization of fixed assets, legal and other professional services fees, rental and other general corporate related expenses. Inventory Inventories are stated at the lower of cost or net realizable value. Cost is calculated on an average basis and includes all costs to acquire and other costs to bring the inventories to their present location and condition. The Company records inventory write-downs for excess or obsolete inventories based upon assumptions on current and future demand forecasts. If the inventory on hand is in excess of future demand forecast, the excess amounts are written off. The Company also reviews inventory to determine whether its carrying value exceeds the net amount realizable upon the ultimate sale of the inventory. This requires the determination of the estimated selling price of the vehicles less the estimated cost to convert inventory on hand into a finished product. Once inventory is written-down, a new, lower-cost basis for that inventory is established and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis. Inventory as of February 28, 2022 and August 31, 2021 represents merchandise inventory which can be redeemed by deducting membership rewards points of customer loyalty program. Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease liabilities are recognized based on the present value of the remaining lease payments, discounted using the discount rate for the lease at the commencement date. As the rate implicit in the lease is not readily determinable for the operating lease, the Company generally uses an incremental borrowing rate based on information available at the commencement date to determine the present value of future lease payments. Operating lease right-of-use (“ROU assets”) assets represent the Company’s right to control the use of an identified asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets are generally recognized based on the amount of the initial measurement of the lease liability. Lease expense is recognized on a straight-line basis over the lease term. The Company elected the package of practical expedients permitted under the transition guidance to combine the lease and non-lease components as a single lease component for operating leases associated with the Company’s office space lease, and to keep leases with an initial term of 12 The operating lease is included in operating lease right-of-use assets, operating lease liabilities-current and operating lease liabilities-non-current on the Company’s consolidated balance sheets. Plant and Equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: SCHEDULE OF PLANT AND EQUIPMENT USEFUL LIVES Expected useful life Furniture and fixture 3 Office equipment 3 Leasehold improvement 3 Intangible assets The Company recorded intangible assets with definite lives, including investment platform and technical know-hows. Intangible assets are recorded at cost less accumulated amortization with no residual value. Amortization of intangible assets is computed using the straight-line method over their estimated useful lives. The estimated useful lives of the Company’s intangible assets are listed below: SCHEDULE OF USEFUL LIVES OF COMPANY'S INTANGIBLE ASSETS Investment platform 5 Technical know-hows 8 Trademarks 10 Impairment of Long-Lived Assets (including amortizable intangible assets) The Company reviews the carrying values of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted net cash flows expected to be generated by the asset. If the assets are considered to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. No Income taxes Income taxes are determined in accordance with the provisions of Accounting Standards Codification (“ASC”) Topic 740, “ Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts no The Company conducts business in the PRC, Taiwan and Hong Kong and is subject to tax in these jurisdictions. As a result of its business activities, the Company will file tax returns that are subject to examination by the respective tax authorities. Net Loss Per Share The Company calculates net loss per share in accordance with ASC Topic 260, “Earnings per Share.” SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED NET LOSS PER SHARE February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Net loss $ (4,496,286 ) $ (6,227,407 ) $ (2,377,399 ) $ (2,570,347 ) Weighted average number of shares of common stock outstanding - Basic and diluted * 165,431,246 139,224,402 170,033,710 141,553,018 Net loss per share - Basic and diluted $ (0.03 ) $ (0.05 ) $ (0.02 ) $ (0.02 ) * Including 1,600,000 shares converted from convertible notes but not yet issued and 4,578,868 shares granted and vested but not yet issued for the period ended February 28, 2022; and including 58,333 shares that were granted and vested but not yet issued for the period ended February 28, 2021. As of February 28, 2022 and August 31, 2021, the Company’s convertible notes payable were excluded from the diluted loss per share calculation as they were anti-dilutive. Stock-based compensation Stock-based compensation is accounted for based on the requirements of the Share-Based Payment topic of ASC Topic 718 (“ASC 718”), which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the vesting period or immediately if fully vested and non-forfeitable. The Financial Accounting Standards Board (“FASB”) also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Additionally, ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, permits the election of an accounting policy for forfeitures of share-based payment awards, either to recognize forfeitures as they occur or estimate forfeitures over the vesting period of the award. The Company has elected to recognize forfeitures as they occur. On September 1, 2019, the Company adopted ASU No. 2018-07, “Compensation—Stock Compensation (Topic 718) - Improvements to Nonemployee Share-Based Payment Accounting” (“ASU 2018-07”), which simplifies several aspects of the accounting for nonemployee share-based payment transactions by expanding the scope of the stock-based compensation guidance in ASC 718 to include share-based payment transactions for acquiring goods and services from non-employees. Before the adoption of this guidance, the equity-classified share-based awards held by non-employees were subject to re-measurement through each vesting date. Upon the adoption of this guidance, the Company no longer re-measures equity-classified share-based awards granted to consultants or non-employees at each reporting date through the vesting date and the accounting for these share-based awards to consultants or non-employees and employees was substantially aligned. Cancellation of a share-based payment by the entity results in accelerated recognition of any unrecognised cost. Cancellation by the counterparty does not change recognition of the compensation cost. The termination of an employee that resulted in the forfeiture of share-based awards is not considered to be a cancellation of the awards. Foreign Currencies Translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Seychelles, the PRC, Taiwan and Hong Kong maintains its books and record in United States Dollars (“US$”), Renminbi (“RMB”), New Taiwanese Dollars (“NT$”) and Hong Kong Dollars (“HK$”) respectively, which are the primary currencies of the economic environment in which the entities operate (the functional currencies). In general, for consolidation purposes, the assets and liabilities of the Company’s subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from foreign currencies into US$ has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY TRANSLATION As of As of Period-end HK$ : US$ 1 exchange rate 7.80 7.80 Period-end NT$ : US$ 1 exchange rate 28.04 27.66 Period-end RMB : US$ 1 exchange rate 6.31 6.46 February 28, 2022 February 28, 2021 For the six months ended, February 28, 2022 February 28, 2021 Period average HK$ : US$ 1 exchange rate 7.80 7.80 Period average NT$ : US$ 1 exchange rate 27.79 28.45 Period average RMB : US$ 1 exchange rate 6.39 6.61 Foreign currency exchange rate 6.39 6.61 Related Parties Parties, which can be a corporation or an individual, are considered to be related if the Company has the ability to, directly or indirectly, control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. Convertible instruments The Company accounts for hybrid contracts that feature conversion options in accordance with U.S. GAAP. ASC 815 “Derivatives and Hedging Activities,” (“ASC 815”) requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria includes circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract

ACQUISITION OF SUBSIDIARIES

ACQUISITION OF SUBSIDIARIES	6 Months Ended
	Feb. 28, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITION OF SUBSIDIARIES	3. ACQUISITION OF SUBSIDIARIES On August 17, 2020, the Company, through its wholly-owned subsidiary JFB, acquired all of the issued and outstanding capital stock (the “Acquisition”) of NPI, pursuant to the terms and conditions of that certain Stock Purchase Agreement, dated as of August 17, 2020, among the Company, JFB, NPI, the selling shareholders of NPI identified therein (each a “Seller,” and, collectively, the “Sellers”) and the representative of the Sellers identified therein. The aggregate purchase price for the Acquisition was $ 4,850,000 3,506,042 8,415,111 After the completion of the Acquisition, NPI became an indirect wholly owned subsidiary of the Company. The Company completed the valuations necessary to assess the fair values of the tangible and intangible assets acquired and liabilities assumed, resulting from which the amount of Goodwill was determined and recognized as of the respective acquisition date. The following table summarizes the estimated aggregate fair values of the assets acquired and liabilities assumed as of the closing date, August 31, 2020. SUMMARY OF FAIR VALUES OF ASSETS ACQUIRED AND LIABILITIES ASSUMED Cash and cash equivalents $ 185,117 Prepayments, deposits and other receivables 145,228 Due from a shareholder 34,048 Right-of-use operating lease assets 113,590 Plant and equipment, net 30,365 Intangible assets- Technical know-hows 818,200 Goodwill 2,974,364 Other payables and accrued liabilities (383,087 ) Contract liabilities (2,896 ) Due to shareholders (99,730 ) Operating lease liability (113,646 ) Tax payable (31,871 ) Deferred tax liabilities (163,640 ) Net purchase price $ 3,506,042 Less: Outstanding NPI debt owed to the Company Accounts receivable 989,854 Notes payable (3,066,617 ) Aggregate fair values of the assets acquired and liabilities assumed $ 1,429,279 The transaction resulted in a purchase price allocation of $ 2,974,364 to Goodwill, representing the financial, strategic and operational value of the transaction to the Company. Goodwill is attributed to the premium that the Company paid to obtain the value of the business of NPI and the synergies expected from the combined operations of NPI and the Company, the assembled workforce and their knowledge and experience in provision of products and projects utilizing NPI’s technical know-hows. The total amount of the Goodwill acquired is not deductible for tax purposes. The balances of the Goodwill as of February 28, 2022 and 2021 are as follows SCHEDULE OF MOVEMENT OF GOODWILL As of As of Balance as of Goodwill $ 1,747,945 $ 1,747,945 The Company performed Goodwill impairment test at the reporting unit level on an annual basis and between annual tests when an event occurs or circumstances change indicating the asset might be impaired. No impairment loss of Goodwill of the reporting unit of the Fintech App development was recognized for the six and three months ended February 28, 2022 and 2021.

PLANT AND EQUIPMENT, NET

PLANT AND EQUIPMENT, NET	6 Months Ended
	Feb. 28, 2022
Property, Plant and Equipment [Abstract]
PLANT AND EQUIPMENT, NET	4. PLANT AND EQUIPMENT, NET Plant and equipment as of February 28, 2022 and August 31, 2021 are summarized below: SCHEDULE OF PLANT AND EQUIPMENT, NET As of As of Furniture and fixtures $ 71,006 $ 64,791 Office equipment 31,805 32,038 Leasehold improvement 88,725 83,883 Total 191,536 180,712 Less: Accumulated depreciation (115,455 ) (110,952 ) Plant and Equipment, net $ 76,081 $ 69,760 Depreciation expenses, classified as operating expenses, were $ 21,072 19,535 11,217 9,308

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	6 Months Ended
	Feb. 28, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS, NET	5. INTANGIBLE ASSETS, NET Intangible assets costs as of February 28, 2022 and August 31, 2021 are summarized below: SCHEDULE OF INTANGIBLE ASSETS As of As of Investment platform $ 30,000 $ 30,000 Technical know-hows 818,200 818,200 Trademarks 4,920 3,483 Total 853,120 851,683 Less: Accumulated amortization (153,967 ) (108,959 ) Impairment (111,915 ) (111,915 ) Intangible assets, net $ 587,238 $ 630,809 Amortization expense for intangible assets was $ 45,008 51,178 22,509 25,583 During the course of the Company’s strategic review of its operations, the Company assessed the recoverability of the carrying value of the Company’s intangible assets. The impairment charge, if any, represented the excess of carrying amounts of the Company’s intangible assets over their fair value, using the expected future discounted cash flows. No As of February 28, 2022, amortization expenses related to intangible assets for future periods are estimated to be as follows: SCHEDULE OF AMORTIZATION EXPENSES RELATED TO INTANGIBLE ASSETS 12 months ending February 28, 2023 $ 90,136 2024 90,136 2025 90,136 2026 90,136 2027 and thereafter 226,694 Total $ 587,238

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Feb. 28, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	6. RELATED PARTY TRANSACTIONS SCHEDULE OF RELATED PARTY TRANSACTIONS For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Other Income: Miscellaneous income from Greenpro LF Limited (a) $ $ 1,823 $ $ (a) Mr. Lin is a director of Greenpro LF Limited.

PREPAYMENTS, DEPOSITS AND OTHER

PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES	6 Months Ended
	Feb. 28, 2022
Prepayments Deposits And Other Receivables
PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES	7. PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES SCHEDULE OF PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES As of February 28, 2022 As of August 31, 2021 Rental and management fee deposits $ 127,437 120,831 Other prepaid expenses 114,081 194,040 Other taxes recoverable 35,047 19,183 Prepayments, deposits and other receivables $ 276,565 334,054 Less: non-current portion Rental and management fee deposits 16,413 54,204 Other prepaid expenses 9,510 48,135 Prepayments, deposits and other receivables, non-current 25,923 102,339 Prepayments, deposits and other receivables, current $ 250,642 231,715

ACCRUED EXPENSES AND OTHER PAYA

ACCRUED EXPENSES AND OTHER PAYABLES	6 Months Ended
	Feb. 28, 2022
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER PAYABLES	8. ACCRUED EXPENSES AND OTHER PAYABLES SCHEDULE OF ACCRUED EXPENSES AND OTHER PAYABLES As of February 28, 2022 As of August 31, 2021 Accrued interests (Note 9 and 10) $ 32,961 2,935 Accrued payroll 313,025 207,864 Other accrued expenses 182,529 87,822 Other payables 82,043 75,648 Accrued expenses and other payables $ 610,558 374,269

DUE FROM (TO) SHAREHOLDERS AND

DUE FROM (TO) SHAREHOLDERS AND DIRECTORS	6 Months Ended
	Feb. 28, 2022
Due From To Shareholders And Directors
DUE FROM (TO) SHAREHOLDERS AND DIRECTORS	9. DUE FROM (TO) SHAREHOLDERS AND DIRECTORS SCHEDULE OF DUE FROM (TO) SHAREHOLDERS, DIRECTORS AND A RELATED COMPANY As of February 28, 2022 As of August 31, 2021 Loan from a shareholder: Huang Chun-Shuo $ (158,000 ) $ - Due to a director: Lin Yi-Hsiu $ (978,636 ) $ (1,098,374 ) Due to shareholders: Tu Yu-Cheng $ (51,817 ) $ (50,591 ) Cheng Hung-Pin (5,793 ) (800 ) Huang Mei-Ying (143,453 ) (800 ) Lo Shih-Chu (800 ) (800 ) Chen Jun-Yuan (800 ) (800 ) $ (202,663 ) $ (53,791 ) On February 28, 2022, the Company obtained a loan of RMB 1,000,000 ($ 158,000 ) from Huang Chun-Shuo, principal shareholder (who, as of February 28, 2022, owned approximately 5.3 % of the Company’s outstanding common stock) of the Company, which accrues interest at the rate of 8 % per annum. The loan is due on May 27, 2022 . Interest of $ 26 was accrued as of February 28, 2022. Amounts due to other shareholders and a director are unsecured, interest-free with no fixed payment term.

BONDS PAYABLE

BONDS PAYABLE	6 Months Ended
	Feb. 28, 2022
Debt Disclosure [Abstract]
BONDS PAYABLE	10. BONDS PAYABLE The Company entered into a Bond Purchase Agreement with an individual third party on August 14, 2019, pursuant to which the Company issued and sold to the purchaser a bond at an aggregate purchase price of $ 600,000 three years August 14, 2019 10 The Company may exercise its right to repay this bond at any time on or before two years from the maturity date by wiring 100% of all outstanding principal and interest to the purchaser 32,935 2,935

CONVERTIBLE NOTES PAYABLE TO RE

CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES	6 Months Ended
	Feb. 28, 2022
Convertible Notes Payable To Related Parties
CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES	11. CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES The Company entered into a series of Convertible Promissory Note Purchase Agreements (the “Agreements”) with certain investors between March 2020 and January, 2021. Pursuant to the Agreements, the Company issued certain Convertible Promissory Notes (the “Notes”) to the investors in a total principal amount of $ 900,000 . A summary of the major terms of the Agreements are presented as follows: SCHEDULE OF CONVERTIBLE NOTES PAYABLE Principal amount Issue date Maturity date Interest rate Jui-Chin Chen 100,000 March 18, 2020 March 18, 2022 6 Teh-Ling Chen 100,000 November 2, 2020 November 2, 2022 6 Chin-Ping Wang 200,000 November 25, 2020 November 25, 2022 6 Chin-Nan Wang 200,000 November 25, 2020 November 25, 2022 6 Chin-Chiang Wang 200,000 November 25, 2020 November 25, 2022 6 Teh-Ling Chen 100,000 January 15, 2021 January 15, 2023 6 $900,000 On March 18, 2020, the Company issued an unsecured note in the principal amount of $ 100,000 , which accrues interest at the rate of 6 % per annum, to a shareholder – Jui-Chin Chen. On August 17, 2020, the Company amended the Note and the Agreement, wherein, at the sole option of the applicable noteholder, all or part of the unpaid outstanding principal of such noteholder’s Note would be convertible into shares of restricted common stock of the Company at a conversion price equal to $ 0.40 On November 2, 2020, the Company issued a Note in the principal amount of $ 100,000 6% On November 25, 2020, the Company issued a Note in the principal amount of $ 200,000 6% On November 25, 2020, the Company issued several Notes in the total principal amount of $ 400,000 , which accrues interest at the rate of 6 % per annum, to shareholders – Chin-Ping Wang and Chin-Nan Wang. The notes are due on November 25, 2022 and unsecured. On January 24, 2022, the Company entered into an amendment to the Notes with these two shareholders, wherein, at the sole option of the applicable noteholder, all or part of the unpaid outstanding principal of such noteholder’s Notes would be convertible into shares of restricted common stock of the Company at a conversion price equal to $ 0.25 1,600,000 On January 15, 2021, the Company issued a Note in the principal amount of $ 100,000 , which accrues interest at the rate of 6 % per annum, to a shareholder – Teh-Ling Chen. The note is due on January 15, 2023 and unsecured. For each of the Notes, the Company is entitled to a one-year extension. The outstanding principal amounts of the notes are convertible at any time at the option of the holders into common stock at a conversion price of $0.40 per share. Each of the noteholders may convert part of the principal outstanding in increments of $10,000 or multiples of $10,000 at any time . Accrued interest, if any, will be forfeited on any principal amount being converted. The conversion feature is dual indexed to the Company’s stock, and is considered an embedded derivative which needs to be bifurcated from the host instrument in accordance with ASC 815. ASC 815-15-25 provides that if an entity has a hybrid financial instrument that would require bifurcation of embedded derivatives under ASC 815, the entity may irrevocably elect to initially and subsequently measure a hybrid financial instrument in its entirety at fair value with changes in fair value recognized in earnings. The fair value election can be made instrument by instrument and shall be supported by concurrent documentation or a preexisting documented policy for automatic election. The Company elected to measure the Notes in their entirety at fair value with changes in fair value recognized as non-operating income or loss at each balance sheet date in accordance with ASC 815-15-25. The fair value of the Notes of $ 518,000 as of February 28, 2022 is determined using the binomial model, one of the option pricing methods. The valuation involves complex and subjective judgment and the Company’s best estimates of the probability of occurrence of future events, such as fundamental changes, on the valuation date. Under the binomial valuation model, the Company uses a weighted risk-free and risk interest rate (the combination of the risk free rate plus the credit spread for the underlying Notes) weighted by the probability of conversion as internally solved out by binomial model in discounting its cash flows. The main inputs to this model include the underlying share price, the expected share volatility, the expected dividend yield, the risk free and risk interest rate. During the six months ended February 28, 2022 and 2021, interest of $ 20,670 and $ 2,712 were incurred on the Notes, respectively. During the three months ended February 28, 2022 and 2021, interest of $ 7,170 and $ 755 were incurred on the Notes, respectively.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Feb. 28, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	12. INCOME TAXES For the period ended SCHEDULE OF INCOME/(LOSS) BEFORE INCOME TAXES February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Six months ended Three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Tax jurisdictions from: - Local $ (2,375,752 ) $ (2,904,736 ) $ (1,450,149 ) $ (1,385,216 ) State and Local Income Tax Expense (Benefit), Continuing Operations $ (2,375,752 ) $ (2,904,736 ) $ (1,450,149 ) $ (1,385,216 ) - Foreign, representing Seychelles - (1,610 ) - (1,610 ) British Virgin Islands (1,855 ) (84,978 ) (298 ) (1,836 ) Taiwan (1,251,440 ) (950,060 ) (567,529 ) (456,170 ) PRC (254,628 ) (311,398 ) (135,191 ) (168,436 ) Hong Kong (621,575 ) (1,984,854 ) (228,714 ) (562,194 ) Tax jurisdictions from: Foreign, representing (621,575 ) (1,984,854 ) (228,714 ) (562,194 ) Loss before income tax $ (4,505,250 ) $ (6,237,636 ) (2,381,881 ) (2,575,462 ) The components of the benefit for income taxes expenses are: SCHEDULE OF COMPONENTS OF PROVISION BENEFIT FOR INCOME TAXES February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Six months ended Three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Current $ - $ - $ - $ - Deferred (8,964 ) (10,229 ) (4,482 ) (5,115 ) Total income tax benefit $ (8,964 ) $ (10,229 ) $ (4,482 ) $ (5,115 ) The benefit for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAXES February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Six months ended Three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Loss before income taxes $ (4,505,250 ) $ (6,237,636 ) $ (2,381,881 ) $ (2,575,462 ) Statutory income tax rate 21 % 21 % 21 % 21 % Income tax credit computed at statutory income rate (946,103 ) (1,309,904 ) (500,195 ) (540,847 ) Reconciling items: Non-deductible expenses/ non-taxable income 311,315 113,046 256,929 90,021 Share-based payments 222,771 805,264 47,373 351,819 Tax effect of tax exempt entity 390 18,184 63 724 Rate differential in different tax jurisdictions 15,988 86,363 7,410 23,123 Valuation allowance on deferred tax assets 386,675 276,818 183,938 70,045 Income tax benefit $ (8,964 ) $ (10,229 ) $ (4,482 ) $ (5,115 ) United States of America The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of February 28, 2022, the operations in the United States of America incurred $ 2,613,438 of cumulative net operating losses (NOL’s) which can be carried forward to offset future taxable income. The NOL carryforwards begin to expire in 2037 , if unutilized. As of February 28, 2022, the Company has provided for a full valuation allowance of $ 548,822 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. Seychelles Under the current laws of the Seychelles, LFGL is registered as an international business company, as such, LFGL is governed by the International Business Companies Act of Seychelles and not subject to income taxes in Seychelles. British Virgin Islands NPI is tax exempted in the British Virgin Islands where it was incorporated. Taiwan LOC is subject to corporate income tax (“CIT”) in Taiwan. Since January 1, 2018, the CIT rate in Taiwan is 20 %. As of February 28, 2022, LOC had net operating loss carry-forwards in Taiwan of $ 4,096,976 , which will expire in various years through 2025 . The Company has provided for a full valuation allowance of $ 819,395 against the deferred tax assets on the expected future tax benefits from the net operating loss carryforwards as the management believes it is more likely than not that these assets will not be realized in the future. PRC BJDC is subject to corporate income tax (“CIT”) at 25 2,085,837 expire in various years through 2027 521,459 Hong Kong JFB is subject to Hong Kong Profits Tax, which is charged at the statutory income rate of 16.5 3,211,520 529,901 SCHEDULE OF DEFERRED TAX ASSETS February 28, 2022 August 31, 2021 Deferred tax assets: Net operating loss carryforwards – United States of America $ (548,822 ) $ (469,843 ) – Taiwan (819,395 ) (618,141 ) – PRC (521,459 ) (457,802 ) – Hong Kong (529,901 ) (469,186 ) Less: valuation allowance 2,419,577 2,014,972 $ - $ - Deferred tax liabilities: Intangible assets – Technical know-hows $ 116,538 $ 125,502

COMMON STOCK

COMMON STOCK	6 Months Ended
	Feb. 28, 2022
Equity [Abstract]
COMMON STOCK	13. COMMON STOCK On September 1, 2019, the Company entered into an employment agreement with Yi-Hsiu Lin to serve as the Chief Executive Officer of the Company for a two -year term. Pursuant to the agreement, Mr. Lin was compensated at an annual rate of $ 50,000 per year (the “Base Compensation”), prorated for any partial year in cash or 2,500,000 shares of restricted common stock, which vested on September 16, 2019 and September 1, 2020. In addition, Mr. Lin was be entitled to bonus compensation of up to three (3) times Base Compensation based on his achievement of appropriate performance criteria to be determined by the board of directors or a committee thereof. The fair value of the shares of restricted common stock was $ 1,250,000 and $ 1,000,000 , respectively, which was calculated based on a price per share of $ 0.50 and $ 0.40 , respectively and amortized over the service term. On September 1, 2021, the Company renewed the employment agreement with Yi-Hsiu Lin for additional two years . Pursuant to the agreement, Mr. Lin will be compensated at an annual rate of $ 120,000 per year (the “Base Compensation”), prorated for any partial year, payable in cash or with 2,500,000 shares of restricted common stock, which would vest as of March 1, 2022 and March 1, 2023. In addition, Mr. Lin may be entitled to bonus compensation of up to three times the Base Compensation based on his achievement of appropriate performance criteria to be determined by the board of directors or a committee thereof. The fair value of the shares of restricted common stock for the first year ending August 31, 2022 was $ 250,000 , which was calculated based on a price per share of $ 0.10 and amortized over the service term. During the six months ended February 28, 2022 and 2021, the Company amortized $ 125,000 and $ 500,000 , respectively, as remuneration. During the three months ended February 28, 2022 and 2021, the Company amortized $ 62,500 and $ 250,000 , respectively. On September 1, 2019, the Company issued a director offer letter to Shui Fung Cheng, pursuant to which Mr. Cheng agreed to serve as a director of the Company for a one -year term. Mr. Cheng would receive an annual compensation, prorated for any partial year, in the form of $ 30,000 in cash or 1,500,000 shares of restricted common stock. The offer letter provided that compensation, either in cash or shares of restricted common stock, would be paid or granted immediately on September 1, 2019. The fair value of the shares of restricted common stock was $ 750,000 , which was calculated based on a price per share of $ 0.50 and amortized over the service term. The offer was renewed on September 1, 2020 and all shares were granted and vested on the same date. The fair value of the shares of restricted common stock granted on September 1, 2020 was $ 1,500,000 , which was calculated based on a price per share of $ 0.40 and amortized over the service term. On September 1, 2021, the Company issued a director offer letter to Shui Fung Cheng, pursuant to which Mr. Cheng agreed to serve as a director of the Company for a one -year term. For his service as a director, Mr. Cheng would receive an annual compensation, prorated for any partial year, in the form of $ 80,000 in cash or 1,500,000 shares of restricted common stock. The offer letter provided that compensation, either in cash or shares of restricted common stock, would be paid or granted immediately on September 1, 2021. The fair value of the shares of restricted common stock granted on September 1, 2021 was $ 150,000 , which was calculated based on a price per share of $ 0.10 and amortized over the service term. During the six months ended February 28, 2022 and 2021, the Company amortized $ 75,000 and $ 300,000 , respectively, as remuneration. During the three months ended February 28, 2022 and 2021, the Company amortized $ 37,500 and $ 150,000 , respectively. On June 30, 2020, the Company entered into a stock forfeiture letter (the “Stock Forfeiture Letter”) with First Leader Capital Ltd., a significant stockholder of the Company and an entity solely owned and controlled by Yi-Hsiu Lin, the Company’s Chief Executive Officer and a member of the Company’s board of directors. Pursuant to the Stock Forfeiture Letter, on June 30, 2020, First Leader Capital Ltd. forfeited and surrendered 5,500,000 0.0001 5,500,000 On March 1, 2020, the Company entered into a consulting agreement with a consultant to provide business advisory services to the Company for a one -year term. Pursuant to the agreement, the Company agreed to pay the consultant a fee of $ 60,000 and 1,000,000 shares of restricted common stock, which vested not later than June 30, 2020, prorated for any partial year. On June 30, 2020, the Company’s board of directors approved additional 500,000 shares to the consultant in exchange for services rendered. On March 1, 2021, the Company renewed the consulting agreement for a one -year term. Pursuant to the agreement, the Company agreed to pay the consultant a fee of $ 60,000 and 1,000,000 shares of restricted common stock, which vested not later than June 30, 2021, prorated for any partial year. The fair value of the shares of restricted common stock was $ 750,000 and $ 100,000 , respectively which was calculated based on a price per share of $ 0.50 and $ 0.10 respectively and amortized over the service term. During the six months ended February 28, 2022 and 2021, the Company amortized $ 50,000 and $ 375,000 respectively as consulting expenses under this agreement. During the three months ended February 28, 2022 and 2021, the Company amortized $ 25,000 and $ 187,500 respectively. The shares were granted on July 7, 2020 and December 16, 2021, respectively. On June 30, 2020, the Company’s board of directors agreed to grant a new employee of JFB, (i) 5,000,000 shares of restricted common stock in connection with such employee’s employment (the “Inducement Shares”) and (ii) 5,000,000 shares of restricted common stock upon the achievement of each of two milestones set forth in such employee’s offer letter relating to the FinMaster mobile application . As of August 31, 2020, 5,000,000 common shares of the Company had been issued to the employee. The fair value of the shares of restricted common stock issued to him was $ 6,000,000 , which was calculated based on a price per share of $ 0.40 . As of February 28, 2022, apart from the 5,000,000 Inducement Shares, 6,128,868 shares were vested to the employee upon achievement of the milestones set forth in the employee’ offer letters. During the six months ended February 28, 2022 and 2021, the Company amortized $ 242,481 and $ 1,584,593 , respectively, as salaries. During the three months ended February 28, 2022 and 2021, the Company amortized $ 33,084 and $ 337,832 , respectively. As of February 28, 2022, 10,000,000 shares were issued. The Company issued 8,415,111 On July 27, 2020, the Company issued an offer letter to a staff member, pursuant to which the staff member agreed to serve as an executive assistant of the Company. For the service as an executive assistant, the staff member received a monthly compensation in the form of NT$ 77,000 ($ 2,717 ) for the first three months (probationary period) and thereafter NT$ 92,500 ($ 3,264 ) in cash. In addition, the staff member would have been granted 50,000 shares of restricted common stock upon completion of the first year of service and 50,000 shares of restricted common stock if the staff member met the criteria established by the Company. The fair value of the shares of restricted common stock was $ 50,000 , which was calculated based on a price per share of $ 1.00 and amortized over the service term. The Company cancelled the offer on May 1, 2021. During the six and three months ended February 28, 2021, the Company recognized $ 29,167 and $ 12,500 respectively as compensation under this arrangement. On August 1, 2020, the Company entered into a one-year consulting services agreement with a company. Pursuant to the agreement, the Company agreed to pay the provider an annual compensation of $ 66,000 , prorated for any partial year. In addition, for the services rendered by the provider’s employees, the provider was granted 1,000,000 shares of restricted common stock, vested on September 15, 2020. The fair value of 1,000,000 shares granted was $ 400,000 , which was calculated based on the stock price of $ 0.40 per share and will be amortized over the service term. During the six months ended February 28, 2022 and 2021, the Company recognized $ 16,666 and $ 183,333 respectively as compensation under these arrangements. During the three months ended February 28, 2022 and 2021, the Company recognized $ nil and $ 100,000 respectively. The shares were issued on January 6, 2021. On August 3, 2020, the Company issued an offer letter to a staff member, pursuant to which the staff member agreed to serve as an executive assistant of the Company. For the service as an executive assistant, the staff member received a monthly compensation in the form of NT$ 77,000 ($ 2,717 ) in cash. In addition, the staff would have been granted 50,000 shares of restricted common stock upon completion of the first year of service and 50,000 shares of restricted common stock if she met the criteria established by the Company. The fair value of the shares of restricted common stock was $ 50,000 , which was calculated based on a price per share of $ 1.00 and amortized over the service term. The Company cancelled the offer on May 1, 2021. During the six and three months ended February 28, 2021, the Company recognized $ 29,167 and $ 12,500 respectively as compensation under this arrangement. On November 1, 2020, the Company entered into one-year consulting agreements with two consultants to assist in monitoring and improving FinMaster APP. Pursuant to the agreement, the Company agreed to pay the consultants 2,500,000 shares of restricted common stock, which vested on November 1, 2020, prorated for any partial year. The fair value of the shares of restricted common stock was $ 2,500,000 , which was calculated based on a price per share of $ 1.00 and amortized over the service term. During the six months ended February 28, 2022 and 2021, the Company amortized $ 416,666 and $ 833,333 respectively as consulting expenses under these agreements. During the three months ended February 28, 2022 and 2021, the Company amortized $ 0 and $ 625,000 respectively. On February 8, 2021, the Company and First Leader Capital Ltd. mutually agreed to further forfeit and surrender 5,000,000 shares (the “Surrendered Shares”) of the Company’s common stock, par value $ 0.0001 per share (the “Common Stock”). The Surrendered Shares were automatically cancelled and retired. First Leader Capital Ltd. agreed to forfeit and cancel the Surrendered Shares in exchange for reducing the Company’s outstanding Common Stock to be more in line with what management deems to be market expectations based on the Company’s current valuation. On May 17, 2021, the Company and First Leader Capital Ltd., again, mutually agreed to forfeit and surrender 13,132,500 shares (the “Surrendered Shares”) of the Company’s common stock, par value $ 0.0001 per share (the “Common Stock”). The Surrendered Shares were automatically cancelled and retired. First Leader Capital Ltd. agreed to forfeit and cancel the Surrendered Shares in exchange for reducing the Company’s outstanding Common Stock to be more in line with what management deems to be market expectations based on the Company’s current valuation. On September 1, 2021, the Company issued an offer letter to Hsu Kuo-Hsun, pursuant to which Mr. Hsu agreed to serve as chairman of LOC for two years . Per the terms of the offer letter, Mr. Hsu will receive a monthly remuneration of NT$ 60,000 (equivalent to $ 2,157 ) in cash and 2,400,000 shares of restricted common stock, which shall be granted in two equal tranches and vested on March 1, 2022 and March 1, 2023. The fair value of the shares of restricted common stock for the first year ending August 31, 2022 was $ 120,000 , which was calculated based on a price per share of $ 0.10 and amortized over the service term. During the six and three months ended February 28, 2022, the Company amortized $ 60,000 and $ 30,000 , respectively, as consulting expenses under this agreement. On September 1, 2021, the Company issued a Senior Vice President (“SVP”) offer letter to Chiao Chien, pursuant to which Mr. Chiao agreed to serve as SVP of user experience of the Company for two years . For his services, Mr. Chiao will receive a monthly remuneration of RMB 17,000 (equivalent to $ 2,648 ) in cash and 3,000,000 shares of restricted common stock, which shall be granted in two equal tranches and vested on March 1, 2022 and March 1, 2023. The fair value of the shares of restricted common stock for the first year ending August 31, 2022 was $ 150,000 , which was calculated based on a price per share of $ 0.10 and amortized over the service term. During the six and three months ended February 28, 2022, the Company amortized $ 75,000 and $ 37,500 , respectively, as consulting expenses under this agreement. From May 2020 to August 2021, the Company entered into securities purchase agreements with several accredited investors whereby the investors purchased a total of 37,157,535 0.140 5,206,994 From September to December 2021, the Company entered into securities purchase agreements with several accredited investors whereby the investors purchased a total of 9,010,000 0.13 1,150,000 In January 2022, two holders agreed to convert convertible notes with a principal amount of $ 400,000 1,600,000 1,632,000 As of February 28, 2022, unrecognized share-based compensation expense was $ 1,883,453 As of February 28, 2022, 4,578,868

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Feb. 28, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	14. COMMITMENTS AND CONTINGENCIES During the period ended February 28, 2022, the Company entered into month-to-month lease agreements with independent third parties to rent office and staff quarter premises in Taiwan, Shenzhen, Beijing and Hong Kong. The rental expense for the six months ended February 28, 2022 and 2021 were $ 148,477 and $ 163,404 respectively; and $ 59,758 and $ 80,392 for the three months ended February 28, 2022 and 2021 respectively. The following table lists the future minimal payments to be paid by the Company under a non-cancellable operating lease for office space in Taiwan with an initial term of one-year as of February 28, 2022: SCHEDULE OF OPERATING LEASE MINIMUM RENT PAYMENTS Year ending February 28, 2023 $ 4,565 2024 - 2025 - 2026 - The components of lease costs, lease term and discount rate with respect of leases with an initial term of at least 12 months are as follows: SCHEDULE OF COMPONENTS OF LEASE COSTS, LEASE TERM AND DISCOUNT RATE For the six months ended February 28, February 28, Operating lease cost – classified as general and administrative expenses $ 176,635 $ 150,916 Weighted Average Remaining Lease Term – Operating leases 1.43 1.32 Weighted Average Discounting Rate – Operating leases 5.42 % 5.75 % The following is a schedule, by years, of maturities of lease liabilities as of February 28, 2022: SCHEDULE OF MATURITIES OF LEASE LIABILITIES Operating leases 2023 $ 257,483 2024 120,431 2025 - 2026 - 2027 - Thereafter - Total undiscounted cash flows 377,914 Less: imputed interest (52,986 ) Present value of lease liabilities $ 324,928 Contingencies The Labor Contract Law of the People’s Republic of China requires employers to assure the liability of the severance payments if employees are terminated due to restructuring, mutual agreement or expiration of a fixed-term labor contract. The Company has estimated its possible severance payments of approximately $ 153,000 and $ 129,000 as of February 28, 2022 and August 31, 2021, respectively, which have not been reflected in its consolidated financial statements, because it is more likely than not that this will not be paid or incurred. In Taiwan, an employer can terminate an employment contract with notice (or with pay in lieu of notice) and with severance pay only due to stoppage of business or a transfer of ownership, business losses or curtailment of business operations, suspension of operations due to a force majeure event, or alteration of the business nature, forcing a reduction in the number of employees, and those employees cannot be reassigned to other suitable positions, or the employee is incapable of performing the tasks assigned. The Company has estimated its possible severance payments of approximately $ 83,000 69,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Feb. 28, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	15. SUBSEQUENT EVENTS In March 2022, the Company entered into securities purchase agreements with several accredited investors whereby the investors purchased a total of 120,000 0.25 30,000 1,600,000 On March 23, 2022, the Company further amended the Notes and the Agreement with Jui-Chin Chen, mutually agreed to cancel the conversion option and to repay the principal in two instalments and accrued interest during that period before October 31, 2022. The Company also entered into a Customized App Development Agreement with a third party on March 31, 2022. The Company will deliver an App and the follow-up maintenance service.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Feb. 28, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These unaudited condensed consolidated financial statements of the Company and its subsidiaries are unaudited. In the opinion of management, all adjustments (which are of a normal recurring nature) and disclosures necessary for a fair presentation of these unaudited condensed consolidated financial statements have been included. The results reported in the unaudited condensed consolidated financial statements for any interim periods are not necessarily indicative of the results that may be reported for the entire year. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP”), and include the accounts of the Company and its subsidiaries. However, they do not include all information and footnotes necessary for a complete presentation of financial statements in conformity with U.S. GAAP. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Intercompany accounts and transactions have been eliminated in consolidation. The Company has adopted August 31 as its fiscal year end. These unaudited financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the Company’s annual report on amended Form 10-K for the year ended August 31, 2021.
Going Concern	Going Concern The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As of February 28, 2022, the Company has suffered recurring losses from operations, and records an accumulated deficit and a working capital deficit of $ 27,497,353 and $ 2,887,051 respectively. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company’s profit generating operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they become due. The Company expects to finance its operations primarily through cash flows from operations, loans from existing directors and shareholders and placements of capital stock for additional funding. In the event that the Company requires additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, a shareholder has indicated the intent and ability to provide additional financing. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing. In March 2020 the World Health Organization declared coronavirus COVID-19 a global pandemic. The COVID-19 pandemic has negatively impacted the global economy, workforces, customers, and created significant volatility and disruption of financial markets. It has also disrupted the normal operations of many businesses, including the Company’s businesses. This outbreak could decrease spending, adversely affect demand for the Company’s services and harm its business and results of operations. It is not possible for the Company to predict the duration or magnitude of the adverse results of the outbreak and its effects on its business or results of operations at this time. These unaudited condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and the classification of liabilities that might be necessary should the Company be unable to continue as going concern.
Use of Estimates	Use of Estimates The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, costs and expenses, and related disclosures. On an on-going basis, the Company evaluates its estimates based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. The COVID-19 pandemic has created and may continue to create significant uncertainty in macroeconomic conditions, which may cause further business slowdowns or shutdowns, depress demand for the Company’s business, and adversely impact its results of operations. The Company expects uncertainties around its key accounting estimates to continue to evolve depending on the duration and degree of impact associated with the COVID-19 pandemic. Its estimates may change as new events occur and additional information emerges, and such changes are recognized or disclosed in its consolidated financial statements. Identified below are the accounting policies that reflect the Company’s most significant estimates and judgments, and those that the Company believes are the most critical to fully understanding and evaluating its unaudited condensed consolidated financial statements.
Business combination	Business combination The Company accounts for its business combinations using the acquisition method of accounting in accordance with Accounting Standards Codification (“ASC”) 805 “Business Combinations.” The cost of an acquisition is measured as the aggregate of the acquisition date fair values of the assets transferred and liabilities incurred by the Company to the sellers and equity instruments issued. Transaction costs directly attributable to the acquisition are expensed as incurred. Identifiable assets and liabilities acquired or assumed are measured separately at their fair values as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of (i) the total costs of acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of comprehensive income. During the measurement period, which can be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of comprehensive income. When there is a change in ownership interests that result in a loss of control of a subsidiary, the Company deconsolidates the subsidiary from the date control is lost. Any retained non-controlling investment in the former subsidiary is measured at fair value and is included in the calculation of the gain or loss upon deconsolidation of the subsidiary.
Goodwill and impairment of Goodwill	Goodwill and impairment of Goodwill Goodwill represents the excess of the purchase price and related costs over the fair value of the net identified tangible and intangible assets and liabilities assumed and is not amortized (“Goodwill”) . The total amount of Goodwill is deductible for tax purposes. In accordance with ASC Topic 350, “Intangibles-Goodwill and Other,” Goodwill is not amortized but is tested for impairment, annually or more frequently when circumstances indicate a possible impairment may exist. Impairment testing is performed at a reporting unit level. An impairment loss generally would be recognized when the carrying amount of the reporting unit exceeds its fair value. The Company estimates fair value of the applicable reporting unit or units using a discounted cash flow methodology. This methodology represents a level 3 fair value measurement as defined under ASC 820, Fair Value Measurements and Disclosures, since the inputs are not readily observable in the marketplace. The goodwill impairment testing process involves the use of significant assumptions, estimates and judgments, including projected sales, gross margins, selling, general and administrative expenses, and capital expenditures, and the selection of an appropriate discount rate, all of which are subject to inherent uncertainties and subjectivity. When the Company performs goodwill impairment testing, its assumptions are based on annual business plans and other forecasted results, which it believes represent those of a market participant. The Company selects a discount rate, which is used to reflect market-based estimates of the risks associated with the projected cash flows based on the best information available as of the date of the impairment assessment. Based on the annual impairment analysis, there is no impairment on the goodwill recorded in the Company’s financial statements. Given the current macro-economic environment and the uncertainties regarding its potential impact on the Company’s business, there can be no assurance that its estimates and assumptions used in its impairment tests will prove to be accurate predictions of the future. If the Company’s assumptions regarding forecasted cash flows are not achieved, it is possible that an impairment review may be triggered and goodwill may be impaired.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Software Development Costs	Software Development Costs The Company expenses software development costs, including costs to develop software products or the software component of products to be marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products and, as a result, development costs that meet the criteria for capitalization were not material for the periods presented. The Company capitalizes development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. No
Revenue Recognition	Revenue Recognition The Company adopted Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. The Company recognizes revenue following the five-step model prescribed under ASU 2014-09: Step 1: Identify the contract Step 2: Identify the performance obligations Step 3: Determine the transaction price Step 4: Allocate the transaction price Step 5: Recognize revenue Revenues are recognized when control of the promised goods or services is transferred to the Company’s customers, which may occur at a point in time or over time depending on the terms and conditions of the agreement, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services.
Provision of investment platform services	Provision of investment platform services The Company signed an agreement with a third party whereby the Company authorized the third party to use the Company’s JFB platform and related applications for a period until December 31, 2020. Income from provision of investment platform services with the use of the Company’s mobile applications is recognized when the service is performed. From September, 2020, the Company generated additional revenue from a new, more comprehensive mobile application, which refer to as the FinMaster mobile application (the “FinMaster App” and together with the JFB platform, the “Apps”), with similar functions as the JFB platform. Income from providing investment platform services with the use of a mobile application is recognized when the service is performed. The Company offers a self-managed points program, which can be used in the FinMaster App to redeem merchandise or services. The Company determines the value of each point based on estimated incremental cost. Customers and advocates have a variety of ways to obtain the points. The major accounting policy for its points program is described as follows: The Company concludes the bonus points offered linked to the purchase transaction of the points is a material right and accordingly a separate performance obligation according to ASC 606, and should be taken into consideration when allocating the transaction price of the point sales. The Company also estimates the probability of points redemption when performing the allocation. The amount allocated to the bonus points as separate performance obligation is recorded as contract liability (deferred revenue) and revenue should be recognized when future goods or services are transferred. The Company will continue to monitor when and if forfeiture rate data becomes available and will apply and update the estimated forfeiture rate at each reporting period. Since historical information is limited for the Company to determine any potential points forfeitures and most merchandise can be redeemed without requiring a significant amount of points compared with the amount of points provided to users, the Company has used an estimated forfeiture rate of zero.
Provision of software development service and maintenance service	Provision of software development service and maintenance service The Company entered into several agreements with third party customers to assist the customers in the development of their mobile communications software and mobile e-commerce software. Income from provision of software development service and maintenance service are recognized when the service is performed. The Company entered into a Customized App Development Agreement with a third-party learning educational service company, providing the online and offline learning opportunities across different subjects.. The Company plans to deliver an app and the follow-up maintenance service. As of February 28, 2022, the Company commenced the preparation work and will start to work towards the goal of commencing service in phases from the third quarter of current fiscal year. For the six and three months ended February 28, 2022, no revenue was generated from this customer.
Revenue by major product line	Revenue by major product line SCHEDULE OF REVENUE BY MAJOR PRODUCT LINE February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Provision of investment platform services $ 4,799 $ 10,408 $ 1,557 $ 6,788 Provision of software development service and maintenance service 17,637 44,844 6,074 25,601 Revenue by major product line $ 22,436 $ 55,252 $ 7,631 $ 32,389
Revenue by Recognition Over Time vs Point in Time	Revenue by Recognition Over Time vs Point in Time SCHEDULE OF REVENUE BY RECOGNITION OVER TIME VS POINT IN TIME February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Revenue by recognition over time $ 22,436 $ 55,252 $ 7,631 $ 32,389 Revenue by recognition at a point in time - - - - Revenue by recognition $ 22,436 $ 55,252 $ 7,631 $ 32,389 Remaining performance obligations represent contracted revenues that had not yet been recognized, and include deferred revenues; invoices that have been issued to customers but were uncollected and have not been recognized as revenues; and amounts that will be invoiced and recognized as revenues in future periods. As of February 28, 2022, the Company’s remaining performance obligations were $ 2,853 The Company had not occurred any costs to obtain contracts. The Company does not have amounts of contract assets since revenue is recognized as control of goods or services is transferred. The contract liabilities consist of advance payments from customers. The contract liabilities are reported in a net position on a customer-by-customer basis at the end of each reporting period. All contract liabilities are expected to be recognized as revenue within one year and are included in other payables and accrued liabilities in the consolidated balance sheet.
Contract balances	Contract balances The Company’s contract liabilities consist of receipts in advance for software development and FinMaster App. Below is the summary presenting the movement of the Company’s contract liabilities for the six months ended February 28, 2022 and 2021: SCHEDULE OF CONTRACT LIABILITIES Receipt in advance 2021 2020 Balance as of September 1 $ 16,225 $ 2,896 Advances received from customers related to unsatisfied performance obligations 2,677 9,760 Revenue recognized from beginning contract liability balance (15,948 ) (2,990 ) Exchange difference (101 ) 296 Balance as of February 28 $ 2,853 $ 9,962
Practical Expedients and Exemption	Practical Expedients and Exemption The Company has not incurred any costs to obtain contracts, and does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less.
Research and development expenses	Research and development expenses Research and development (“R&D”) expenses are primary comprised of charges for R&D and consulting work performed by third parties; salaries and benefits for those employees engaged in research, design and development activities; costs related to design tools; and allocated costs. For the six months ended February 28, 2022 and 2021, the total R&D expenses were $ 261,179 304,565 For the three months ended February 28, 2022 and 2021, the total R&D expenses were $ 114,896 157,594
Sales and marketing expenses	Sales and marketing expenses Sales and marketing expenses consist primarily of marketing and promotional expenses, salaries and other compensation-related expenses to sales and marketing personnel. Advertising expenses consist primarily of costs for the promotion of corporate image and product marketing. The Company expenses all advertising costs as incurred and classifies these costs under sales and marketing expenses. For the six months ended February 28, 2022 and 2021, advertising costs totaled $ 240,049 143,828 29,446 46,467 From September 2019, customers or users of the FinMaster App can obtain points through any other ways such as account registration referral to the FinMaster App, frequent sign-ins to the application and sharing articles from the application to users’ own social media, etc. The Company believes these points are to encourage user engagement and generate market awareness. As a result, the Company accounts for such points as sales and marketing expenses with a corresponding liability recorded under other current liabilities of its unaudited condensed consolidated balance sheets upon the points offering. The Company estimates liabilities under the customer loyalty program based on cost of the merchandise that can be redeemed, and its estimate of probability of redemption. At the time of redemption, the Company records a reduction of inventory and other current liabilities. Since historical information is limited for the Company to determine any potential points forfeiture and most merchandise can be redeemed without requiring a significant amount of points compared with the amount of points provided to users, the Company has used an estimated forfeiture rate of zero. For the six months ended February 28, 2022 and 2021, redeemable point liability charged as sales and marketing expenses were $ 7,487 26,902 For the three months ended February 28, 2022 and 2021, redeemable point liability charged as sales and marketing expenses were $ 4,318 14,561 As of February 28, 2022 and August 31, 2021, liabilities recorded related to unredeemed points were $ 82,043 and $ 75,648 , respectively, which were included in other payables (note 8).
General and administrative expenses	General and administrative expenses General and administrative expenses consist primarily of salaries, bonuses and benefits for employees involved in general corporate functions, depreciation and amortization of fixed assets, legal and other professional services fees, rental and other general corporate related expenses.
Inventory	Inventory Inventories are stated at the lower of cost or net realizable value. Cost is calculated on an average basis and includes all costs to acquire and other costs to bring the inventories to their present location and condition. The Company records inventory write-downs for excess or obsolete inventories based upon assumptions on current and future demand forecasts. If the inventory on hand is in excess of future demand forecast, the excess amounts are written off. The Company also reviews inventory to determine whether its carrying value exceeds the net amount realizable upon the ultimate sale of the inventory. This requires the determination of the estimated selling price of the vehicles less the estimated cost to convert inventory on hand into a finished product. Once inventory is written-down, a new, lower-cost basis for that inventory is established and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis. Inventory as of February 28, 2022 and August 31, 2021 represents merchandise inventory which can be redeemed by deducting membership rewards points of customer loyalty program.
Leases	Leases The Company determines if an arrangement is a lease or contains a lease at inception. Operating lease liabilities are recognized based on the present value of the remaining lease payments, discounted using the discount rate for the lease at the commencement date. As the rate implicit in the lease is not readily determinable for the operating lease, the Company generally uses an incremental borrowing rate based on information available at the commencement date to determine the present value of future lease payments. Operating lease right-of-use (“ROU assets”) assets represent the Company’s right to control the use of an identified asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets are generally recognized based on the amount of the initial measurement of the lease liability. Lease expense is recognized on a straight-line basis over the lease term. The Company elected the package of practical expedients permitted under the transition guidance to combine the lease and non-lease components as a single lease component for operating leases associated with the Company’s office space lease, and to keep leases with an initial term of 12 The operating lease is included in operating lease right-of-use assets, operating lease liabilities-current and operating lease liabilities-non-current on the Company’s consolidated balance sheets.
Plant and Equipment	Plant and Equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: SCHEDULE OF PLANT AND EQUIPMENT USEFUL LIVES Expected useful life Furniture and fixture 3 Office equipment 3 Leasehold improvement 3
Intangible assets	Intangible assets The Company recorded intangible assets with definite lives, including investment platform and technical know-hows. Intangible assets are recorded at cost less accumulated amortization with no residual value. Amortization of intangible assets is computed using the straight-line method over their estimated useful lives. The estimated useful lives of the Company’s intangible assets are listed below: SCHEDULE OF USEFUL LIVES OF COMPANY'S INTANGIBLE ASSETS Investment platform 5 Technical know-hows 8 Trademarks 10
Impairment of Long-Lived Assets (including amortizable intangible assets)	Impairment of Long-Lived Assets (including amortizable intangible assets) The Company reviews the carrying values of long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the future undiscounted net cash flows expected to be generated by the asset. If the assets are considered to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. No
Income taxes	Income taxes Income taxes are determined in accordance with the provisions of Accounting Standards Codification (“ASC”) Topic 740, “ Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts no The Company conducts business in the PRC, Taiwan and Hong Kong and is subject to tax in these jurisdictions. As a result of its business activities, the Company will file tax returns that are subject to examination by the respective tax authorities.
Net Loss Per Share	Net Loss Per Share The Company calculates net loss per share in accordance with ASC Topic 260, “Earnings per Share.” SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED NET LOSS PER SHARE February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Net loss $ (4,496,286 ) $ (6,227,407 ) $ (2,377,399 ) $ (2,570,347 ) Weighted average number of shares of common stock outstanding - Basic and diluted * 165,431,246 139,224,402 170,033,710 141,553,018 Net loss per share - Basic and diluted $ (0.03 ) $ (0.05 ) $ (0.02 ) $ (0.02 ) * Including 1,600,000 shares converted from convertible notes but not yet issued and 4,578,868 shares granted and vested but not yet issued for the period ended February 28, 2022; and including 58,333 shares that were granted and vested but not yet issued for the period ended February 28, 2021. As of February 28, 2022 and August 31, 2021, the Company’s convertible notes payable were excluded from the diluted loss per share calculation as they were anti-dilutive.
Stock-based compensation	Stock-based compensation Stock-based compensation is accounted for based on the requirements of the Share-Based Payment topic of ASC Topic 718 (“ASC 718”), which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the vesting period or immediately if fully vested and non-forfeitable. The Financial Accounting Standards Board (“FASB”) also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Additionally, ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, permits the election of an accounting policy for forfeitures of share-based payment awards, either to recognize forfeitures as they occur or estimate forfeitures over the vesting period of the award. The Company has elected to recognize forfeitures as they occur. On September 1, 2019, the Company adopted ASU No. 2018-07, “Compensation—Stock Compensation (Topic 718) - Improvements to Nonemployee Share-Based Payment Accounting” (“ASU 2018-07”), which simplifies several aspects of the accounting for nonemployee share-based payment transactions by expanding the scope of the stock-based compensation guidance in ASC 718 to include share-based payment transactions for acquiring goods and services from non-employees. Before the adoption of this guidance, the equity-classified share-based awards held by non-employees were subject to re-measurement through each vesting date. Upon the adoption of this guidance, the Company no longer re-measures equity-classified share-based awards granted to consultants or non-employees at each reporting date through the vesting date and the accounting for these share-based awards to consultants or non-employees and employees was substantially aligned. Cancellation of a share-based payment by the entity results in accelerated recognition of any unrecognised cost. Cancellation by the counterparty does not change recognition of the compensation cost. The termination of an employee that resulted in the forfeiture of share-based awards is not considered to be a cancellation of the awards.
Foreign Currencies Translation	Foreign Currencies Translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations. The reporting currency of the Company is United States Dollars (“US$”). The Company’s subsidiary in Seychelles, the PRC, Taiwan and Hong Kong maintains its books and record in United States Dollars (“US$”), Renminbi (“RMB”), New Taiwanese Dollars (“NT$”) and Hong Kong Dollars (“HK$”) respectively, which are the primary currencies of the economic environment in which the entities operate (the functional currencies). In general, for consolidation purposes, the assets and liabilities of the Company’s subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “ Translation of Financial Statement Translation of amounts from foreign currencies into US$ has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY TRANSLATION As of As of Period-end HK$ : US$ 1 exchange rate 7.80 7.80 Period-end NT$ : US$ 1 exchange rate 28.04 27.66 Period-end RMB : US$ 1 exchange rate 6.31 6.46 February 28, 2022 February 28, 2021 For the six months ended, February 28, 2022 February 28, 2021 Period average HK$ : US$ 1 exchange rate 7.80 7.80 Period average NT$ : US$ 1 exchange rate 27.79 28.45 Period average RMB : US$ 1 exchange rate 6.39 6.61 Foreign currency exchange rate 6.39 6.61
Related Parties	Related Parties Parties, which can be a corporation or an individual, are considered to be related if the Company has the ability to, directly or indirectly, control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.
Convertible instruments	Convertible instruments The Company accounts for hybrid contracts that feature conversion options in accordance with U.S. GAAP. ASC 815 “Derivatives and Hedging Activities,” (“ASC 815”) requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria includes circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not remeasured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. Conversion options that contain variable settlement features such as provisions to adjust the conversion price upon subsequent issuances of equity or equity linked securities at exercise prices more favorable than that featured in the hybrid contract generally result in their bifurcation from the host instrument. The Company accounts for convertible instruments, when the Company has determined that the embedded conversion options should not be bifurcated from their host instruments, in accordance with ASC 470-20 “Debt with Conversion and Other Options” (“ASC 470-20”). Under ASC 470-20 the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. The Company accounts for convertible instruments (when the Company has determined that the embedded conversion options should be bifurcated from their host instruments) in accordance with ASC 815. Under ASC 815, a portion of the proceeds received upon the issuance of the hybrid contract are allocated to the fair value of the derivative. The derivative is subsequently marked to market at each reporting date based on current fair value, with the changes in fair value reported in results of operations.
Fair Value of Financial Instruments:	Fair Value of Financial Instruments: The carrying value of the Company’s financial instruments: cash and cash equivalents, deposits, accounts payable and accrued liabilities, balances due with directors and shareholders, convertible notes payable and bonds payable, approximate at their fair values because of the short-term nature of these financial instruments or the rate of interest of these instruments approximate the market rate of interest. The Company also follows the guidance of the ASC Topic 820, “ Fair Value Measurements and Disclosures Level 1 Level 2 Level 3: The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis: SCHEDULE OF FAIR VALUE HIERARCHY AND FINANCIAL ASSETS LIABILITIES Level 1 Level 2 Level 3 Carrying August 31, 2021 Fair Value Measurement at August 31, 2021 Level 1 Level 2 Level 3 Convertible notes measured at fair value $ 990,000 $ - $ - $ 990,000 Level 1 Level 2 Level 3 Carrying February 28, 2022 Fair Value Measurement at February 28, 2022 Level 1 Level 2 Level 3 Convertible notes measured at fair value $ 518,000 $ - $ - $ 518,000 A summary of changes in financial liabilities for the six months ended February 28, 2022 and 2021 was as follows: SCHEDULE OF CHANGE IN FINANCIAL LIABILITY 2022 2021 Balance at September 1 $ 990,000 $ 104,000 Issuance of convertible notes - 800,000 Fair value loss on issuance of convertible notes - 526,838 Interest waived in conversion of convertible notes (6,330 ) - Interest paid (42,000 ) - Interest expenses on convertible notes 20,670 2,712 Change in fair value of convertible notes (1,181,330 ) (196,550 ) Conversion of convertible notes (1,632,000 ) - Balance at February 28 $ 518,000 $ 1,237,000 Fair value of the convertible notes is determined using the binomial model using the following assumptions at inception and on subsequent valuation dates: SCHEDULE OF FAIR VALUE ASSUMPTION OF CONVERTIBLE NOTES Convertible notes holders Jui-Chin Chen Teh-Ling Chen Chin-Ping Wang Chin-Nan Wang Chin-Chiang Wang Teh-Ling Chen Appraisal Date (Inception Date) March 18, 2020 November 2, 2020 November 25, 2020 November 25, 2020 January 15, 2021 Risk-free Rate 0.54 % 0.16 % 0.16 % 0.16 % 0.1 % Applicable Closing Stock Price $ 1.20 $ 0.12 $ 3.00 $ 3.00 $ 2.00 Conversion Price $ 1.00 (i) $ 0.40 $ 0.40 $ 0.40 $ 0.40 $ 1.50 (ii) Volatility 34.20 % 41.51 % 42.00 % 42.00 % 43.50 % Dividend Yield 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Credit Spread 6.88 % 7.52 % 6.93 % 6.93 % 6.76 % Liquidity Risk Premium 51.08 % 77.62 % 78.14 % 78.14 % 75.73 % Appraisal Date August 31, 2021 August 31, 2021 August 31, 2021 August 31, 2021 August 31, 2021 Risk-free Rate 0.05 % 0.09 % 0.10 % 0.10 % 0.12 % Applicable Closing Stock Price $ 2.01 $ 2.01 $ 2.01 $ 2.01 $ 2.01 Conversion Price $ 0.40 $ 0.40 $ 0.40 $ 0.40 $ 0.40 Volatility 45.20 % 49.90 % 49.76 % 49.76 % 48.45 % Dividend Yield 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Credit Spread 3.63 % 3.63 % 3.63 % 3.63 % 3.63 % Liquidity Risk Premium 84.04 % 86.98 % 86.63 % 86.63 % 85.12 % Appraisal Date February 28, 2022 February 28, 2022 February 28, 2022 February 28, 2022 Risk-free Rate 0.03 % 0.76 % 0.81 % 0.91 % Applicable Closing Stock Price $ 0.80 $ 0.80 $ 0.80 $ 0.80 Conversion Price $ 0.40 $ 0.40 $ 0.40 $ 0.40 Volatility 34.77 % 45.21 % 44.51 % 39.64 % Dividend Yield 0.00 % 0.00 % 0.00 % 0.00 % Credit Spread 7.39 % 7.39 % 7.39 % 7.30 % Liquidity Risk Premium 68.06 % 68.34 % 69.19 % 60.36 % (i) USD 1.00 (ii) USD 1.50
Segment reporting	Segment reporting ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s chief operating decision maker organizes segments within the company for making operating decisions assessing performance and allocating resources. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Management determined the Company’s operations constitute a single reportable segment in accordance with ASC 280. The Company operates exclusively in one business and industry segment: the provision of investment platform services through mobile application.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”). ASU 2019-12 simplifies the accounting for income taxes by removing certain exceptions and enhances and simplifies various aspects of the income tax accounting guidance in ASC 740. The Company adopted ASU 2019-12 on September 1, 2021. The adoption of ASU 2019-12 did not have any impact on the Company’s consolidated financial statement presentation or disclosures. In August 2020, the FASB issued ASU 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 (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for convertible debt by eliminating the beneficial conversion and cash conversion accounting models. Upon adoption of ASU 2020-06, convertible debt proceeds, unless issued with a substantial premium or an embedded conversion feature that is not clearly and closely related to the host contract, will no longer be allocated between debt and equity components. This modification will reduce the issue discount and result in less non-cash interest expense in financial statements. ASU 2020-06 also updates the earnings per share calculation and requires entities to assume share settlement when the convertible debt can be settled in cash or shares. For contracts in an entity’s own equity, the type of contracts primarily affected by ASU 2020-06 are freestanding and embedded features that are accounted for as derivatives under the current guidance due to a failure to meet the settlement assessment by removing the requirements to (i) consider whether the contract would be settled in registered shares, (ii) consider whether collateral is required to be posted, and (iii) assess shareholder rights. ASU 2020-06 is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, and only if adopted as of the beginning of such fiscal year. The Company adopted ASU 2020-06 effective September 1, 2021. The adoption of ASU 2020-06 did not have any impact on the Company’s consolidated financial statement presentation or disclosures. Recently issued accounting pronouncements not yet adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326) (“ASU 2016-13”), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. ASU 2016-13 replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. ASU 2016-13 is to be adopted on a modified retrospective basis. As a smaller reporting company, ASU 2016-13 will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022. The Company is currently evaluating the impact that the adoption of ASU 2016-13 will have on its consolidated financial statement presentations and disclosures. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 eliminates Step 2 of the two-step Goodwill impairment test, under which a goodwill impairment loss was measured by comparing the implied fair value of a reporting unit’s Goodwill with the carrying amount of that Goodwill. ASU 2017-04 requires only a one-step quantitative impairment test, whereby a Goodwill impairment loss is measured as the excess of a reporting unit’s carrying amount over its fair value (not to exceed the total Goodwill allocated to that reporting unit). Adoption of the ASUs is on a modified retrospective basis. As a smaller reporting company, the standard will be effective for the Company for interim and annual reporting periods beginning after December 15, 2022. The Company is currently evaluating the impact that the adoption of ASU 2017-04 will have on its consolidated financial statement presentation or disclosures. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt — Modifications and Extinguishments (Subtopic 470-50), Compensation — Stock Compensation (Topic 718), and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (“ASU 2021-04”). ASU 2021-04 provides guidance as to how an issuer should account for a modification of the terms or conditions or an exchange of a freestanding equity-classified written call option (i.e., a warrant) that remains classified after modification or exchange as an exchange of the original instrument for a new instrument. An issuer should measure the effect of a modification or exchange as the difference between the fair value of the modified or exchanged warrant and the fair value of that warrant immediately before modification or exchange and then apply a recognition model that comprises four categories of transactions and the corresponding accounting treatment for each category (equity issuance, debt origination, debt modification, and modifications unrelated to equity issuance and debt origination or modification). ASU 2021-04 is effective for all entities for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. An entity should apply the guidance provided in ASU 2021-04 prospectively to modifications or exchanges occurring on or after the effective date. Early adoption is permitted for all entities, including adoption in an interim period. If an entity elects to early adopt ASU 2021-04 in an interim period, the guidance should be applied as of the beginning of the fiscal year that includes that interim period. The adoption of ASU 2021-04 is not expected to have any impact on the Company’s consolidated financial statement presentation or disclosures. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance. This update requires certain annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy. This update is effective for annual periods beginning after December 15, 2021, and early application is permitted. This guidance should be applied either prospectively to all transactions that are reflected in financial statements at the date of initial application and new transactions that are entered into after the date of initial application or retrospectively to those transactions. The Company does not expect the impact of this guidance to have a material impact on the Company’s consolidated financial statements. The Company’s management does not believe that any other recently issued, but not yet effective, authoritative guidance, if currently adopted, would have a material impact on the Company’s financial statement presentation or disclosures.

ORGANIZATION AND BUSINESS BAC_2

ORGANIZATION AND BUSINESS BACKGROUND (Tables)	6 Months Ended
	Feb. 28, 2022
Accounting Policies [Abstract]
SCHEDULE OF SUBSIDIARIES OF COMPANY	The Company, through its subsidiaries, mainly operates and services a mobile application investment platform. SCHEDULE OF SUBSIDIARIES OF COMPANY Company Name Place/Date of Incorporation Principal Activities 1. Leader Financial Group Limited (“LFGL”) Seychelles / March 6, 2017 Investment Holding 2. JFB Internet Service Limited (“JFB”) Hong Kong / July 6, 2017 Provides an Investment Platform Company Name Place/Date of Incorporation Principal Activities 1. LOC Weibo Co., Ltd. (“LOC”) Republic of China/September 29, 2017 Development of ecological-systems applications, integration of big data and promotion of OTT applications 2. Beijing DataComm Cloud Media Technology Co., Ltd. (“BJDC”) People’s Republic of China /April 16, 2013 Development of ecological-systems applications, integration of big data and promotion of OTT applications

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Feb. 28, 2022
Accounting Policies [Abstract]
SCHEDULE OF REVENUE BY MAJOR PRODUCT LINE	SCHEDULE OF REVENUE BY MAJOR PRODUCT LINE February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Provision of investment platform services $ 4,799 $ 10,408 $ 1,557 $ 6,788 Provision of software development service and maintenance service 17,637 44,844 6,074 25,601 Revenue by major product line $ 22,436 $ 55,252 $ 7,631 $ 32,389
SCHEDULE OF REVENUE BY RECOGNITION OVER TIME VS POINT IN TIME	SCHEDULE OF REVENUE BY RECOGNITION OVER TIME VS POINT IN TIME February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Revenue by recognition over time $ 22,436 $ 55,252 $ 7,631 $ 32,389 Revenue by recognition at a point in time - - - - Revenue by recognition $ 22,436 $ 55,252 $ 7,631 $ 32,389
SCHEDULE OF CONTRACT LIABILITIES	The Company’s contract liabilities consist of receipts in advance for software development and FinMaster App. Below is the summary presenting the movement of the Company’s contract liabilities for the six months ended February 28, 2022 and 2021: SCHEDULE OF CONTRACT LIABILITIES Receipt in advance 2021 2020 Balance as of September 1 $ 16,225 $ 2,896 Advances received from customers related to unsatisfied performance obligations 2,677 9,760 Revenue recognized from beginning contract liability balance (15,948 ) (2,990 ) Exchange difference (101 ) 296 Balance as of February 28 $ 2,853 $ 9,962
SCHEDULE OF PLANT AND EQUIPMENT USEFUL LIVES	SCHEDULE OF PLANT AND EQUIPMENT USEFUL LIVES Expected useful life Furniture and fixture 3 Office equipment 3 Leasehold improvement 3
SCHEDULE OF USEFUL LIVES OF COMPANY'S INTANGIBLE ASSETS	The estimated useful lives of the Company’s intangible assets are listed below: SCHEDULE OF USEFUL LIVES OF COMPANY'S INTANGIBLE ASSETS Investment platform 5 Technical know-hows 8 Trademarks 10
SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED NET LOSS PER SHARE	SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED NET LOSS PER SHARE February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Net loss $ (4,496,286 ) $ (6,227,407 ) $ (2,377,399 ) $ (2,570,347 ) Weighted average number of shares of common stock outstanding - Basic and diluted * 165,431,246 139,224,402 170,033,710 141,553,018 Net loss per share - Basic and diluted $ (0.03 ) $ (0.05 ) $ (0.02 ) $ (0.02 ) * Including 1,600,000 shares converted from convertible notes but not yet issued and 4,578,868 shares granted and vested but not yet issued for the period ended February 28, 2022; and including 58,333 shares that were granted and vested but not yet issued for the period ended February 28, 2021.
SCHEDULE OF FOREIGN CURRENCY TRANSLATION	Translation of amounts from foreign currencies into US$ has been made at the following exchange rates for the respective periods: SCHEDULE OF FOREIGN CURRENCY TRANSLATION As of As of Period-end HK$ : US$ 1 exchange rate 7.80 7.80 Period-end NT$ : US$ 1 exchange rate 28.04 27.66 Period-end RMB : US$ 1 exchange rate 6.31 6.46 February 28, 2022 February 28, 2021 For the six months ended, February 28, 2022 February 28, 2021 Period average HK$ : US$ 1 exchange rate 7.80 7.80 Period average NT$ : US$ 1 exchange rate 27.79 28.45 Period average RMB : US$ 1 exchange rate 6.39 6.61 Foreign currency exchange rate 6.39 6.61
SCHEDULE OF FAIR VALUE HIERARCHY AND FINANCIAL ASSETS LIABILITIES	The following table sets forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis: SCHEDULE OF FAIR VALUE HIERARCHY AND FINANCIAL ASSETS LIABILITIES Level 1 Level 2 Level 3 Carrying August 31, 2021 Fair Value Measurement at August 31, 2021 Level 1 Level 2 Level 3 Convertible notes measured at fair value $ 990,000 $ - $ - $ 990,000 Level 1 Level 2 Level 3 Carrying February 28, 2022 Fair Value Measurement at February 28, 2022 Level 1 Level 2 Level 3 Convertible notes measured at fair value $ 518,000 $ - $ - $ 518,000
SCHEDULE OF CHANGE IN FINANCIAL LIABILITY	A summary of changes in financial liabilities for the six months ended February 28, 2022 and 2021 was as follows: SCHEDULE OF CHANGE IN FINANCIAL LIABILITY 2022 2021 Balance at September 1 $ 990,000 $ 104,000 Issuance of convertible notes - 800,000 Fair value loss on issuance of convertible notes - 526,838 Interest waived in conversion of convertible notes (6,330 ) - Interest paid (42,000 ) - Interest expenses on convertible notes 20,670 2,712 Change in fair value of convertible notes (1,181,330 ) (196,550 ) Conversion of convertible notes (1,632,000 ) - Balance at February 28 $ 518,000 $ 1,237,000
SCHEDULE OF FAIR VALUE ASSUMPTION OF CONVERTIBLE NOTES	Fair value of the convertible notes is determined using the binomial model using the following assumptions at inception and on subsequent valuation dates: SCHEDULE OF FAIR VALUE ASSUMPTION OF CONVERTIBLE NOTES Convertible notes holders Jui-Chin Chen Teh-Ling Chen Chin-Ping Wang Chin-Nan Wang Chin-Chiang Wang Teh-Ling Chen Appraisal Date (Inception Date) March 18, 2020 November 2, 2020 November 25, 2020 November 25, 2020 January 15, 2021 Risk-free Rate 0.54 % 0.16 % 0.16 % 0.16 % 0.1 % Applicable Closing Stock Price $ 1.20 $ 0.12 $ 3.00 $ 3.00 $ 2.00 Conversion Price $ 1.00 (i) $ 0.40 $ 0.40 $ 0.40 $ 0.40 $ 1.50 (ii) Volatility 34.20 % 41.51 % 42.00 % 42.00 % 43.50 % Dividend Yield 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Credit Spread 6.88 % 7.52 % 6.93 % 6.93 % 6.76 % Liquidity Risk Premium 51.08 % 77.62 % 78.14 % 78.14 % 75.73 % Appraisal Date August 31, 2021 August 31, 2021 August 31, 2021 August 31, 2021 August 31, 2021 Risk-free Rate 0.05 % 0.09 % 0.10 % 0.10 % 0.12 % Applicable Closing Stock Price $ 2.01 $ 2.01 $ 2.01 $ 2.01 $ 2.01 Conversion Price $ 0.40 $ 0.40 $ 0.40 $ 0.40 $ 0.40 Volatility 45.20 % 49.90 % 49.76 % 49.76 % 48.45 % Dividend Yield 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Credit Spread 3.63 % 3.63 % 3.63 % 3.63 % 3.63 % Liquidity Risk Premium 84.04 % 86.98 % 86.63 % 86.63 % 85.12 % Appraisal Date February 28, 2022 February 28, 2022 February 28, 2022 February 28, 2022 Risk-free Rate 0.03 % 0.76 % 0.81 % 0.91 % Applicable Closing Stock Price $ 0.80 $ 0.80 $ 0.80 $ 0.80 Conversion Price $ 0.40 $ 0.40 $ 0.40 $ 0.40 Volatility 34.77 % 45.21 % 44.51 % 39.64 % Dividend Yield 0.00 % 0.00 % 0.00 % 0.00 % Credit Spread 7.39 % 7.39 % 7.39 % 7.30 % Liquidity Risk Premium 68.06 % 68.34 % 69.19 % 60.36 % (i) USD 1.00 (ii) USD 1.50

ACQUISITION OF SUBSIDIARIES (Ta

ACQUISITION OF SUBSIDIARIES (Tables)	6 Months Ended
	Feb. 28, 2022
Business Combination and Asset Acquisition [Abstract]
SUMMARY OF FAIR VALUES OF ASSETS ACQUIRED AND LIABILITIES ASSUMED	SUMMARY OF FAIR VALUES OF ASSETS ACQUIRED AND LIABILITIES ASSUMED Cash and cash equivalents $ 185,117 Prepayments, deposits and other receivables 145,228 Due from a shareholder 34,048 Right-of-use operating lease assets 113,590 Plant and equipment, net 30,365 Intangible assets- Technical know-hows 818,200 Goodwill 2,974,364 Other payables and accrued liabilities (383,087 ) Contract liabilities (2,896 ) Due to shareholders (99,730 ) Operating lease liability (113,646 ) Tax payable (31,871 ) Deferred tax liabilities (163,640 ) Net purchase price $ 3,506,042 Less: Outstanding NPI debt owed to the Company Accounts receivable 989,854 Notes payable (3,066,617 ) Aggregate fair values of the assets acquired and liabilities assumed $ 1,429,279
SCHEDULE OF MOVEMENT OF GOODWILL	The balances of the Goodwill as of February 28, 2022 and 2021 are as follows SCHEDULE OF MOVEMENT OF GOODWILL As of As of Balance as of Goodwill $ 1,747,945 $ 1,747,945

PLANT AND EQUIPMENT, NET (Table

PLANT AND EQUIPMENT, NET (Tables)	6 Months Ended
	Feb. 28, 2022
Property, Plant and Equipment [Abstract]
SCHEDULE OF PLANT AND EQUIPMENT, NET	Plant and equipment as of February 28, 2022 and August 31, 2021 are summarized below: SCHEDULE OF PLANT AND EQUIPMENT, NET As of As of Furniture and fixtures $ 71,006 $ 64,791 Office equipment 31,805 32,038 Leasehold improvement 88,725 83,883 Total 191,536 180,712 Less: Accumulated depreciation (115,455 ) (110,952 ) Plant and Equipment, net $ 76,081 $ 69,760

INTANGIBLE ASSETS, NET (Tables)

INTANGIBLE ASSETS, NET (Tables)	6 Months Ended
	Feb. 28, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF INTANGIBLE ASSETS	Intangible assets costs as of February 28, 2022 and August 31, 2021 are summarized below: SCHEDULE OF INTANGIBLE ASSETS As of As of Investment platform $ 30,000 $ 30,000 Technical know-hows 818,200 818,200 Trademarks 4,920 3,483 Total 853,120 851,683 Less: Accumulated amortization (153,967 ) (108,959 ) Impairment (111,915 ) (111,915 ) Intangible assets, net $ 587,238 $ 630,809
SCHEDULE OF AMORTIZATION EXPENSES RELATED TO INTANGIBLE ASSETS	As of February 28, 2022, amortization expenses related to intangible assets for future periods are estimated to be as follows: SCHEDULE OF AMORTIZATION EXPENSES RELATED TO INTANGIBLE ASSETS 12 months ending February 28, 2023 $ 90,136 2024 90,136 2025 90,136 2026 90,136 2027 and thereafter 226,694 Total $ 587,238

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Feb. 28, 2022
Related Party Transactions [Abstract]
SCHEDULE OF RELATED PARTY TRANSACTIONS	SCHEDULE OF RELATED PARTY TRANSACTIONS For the six months ended For the three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Other Income: Miscellaneous income from Greenpro LF Limited (a) $ $ 1,823 $ $ (a) Mr. Lin is a director of Greenpro LF Limited.

PREPAYMENTS, DEPOSITS AND OTH_2

PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES (Tables)	6 Months Ended
	Feb. 28, 2022
Prepayments Deposits And Other Receivables
SCHEDULE OF PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES	SCHEDULE OF PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES As of February 28, 2022 As of August 31, 2021 Rental and management fee deposits $ 127,437 120,831 Other prepaid expenses 114,081 194,040 Other taxes recoverable 35,047 19,183 Prepayments, deposits and other receivables $ 276,565 334,054 Less: non-current portion Rental and management fee deposits 16,413 54,204 Other prepaid expenses 9,510 48,135 Prepayments, deposits and other receivables, non-current 25,923 102,339 Prepayments, deposits and other receivables, current $ 250,642 231,715

ACCRUED EXPENSES AND OTHER PA_2

ACCRUED EXPENSES AND OTHER PAYABLES (Tables)	6 Months Ended
	Feb. 28, 2022
Payables and Accruals [Abstract]
SCHEDULE OF ACCRUED EXPENSES AND OTHER PAYABLES	SCHEDULE OF ACCRUED EXPENSES AND OTHER PAYABLES As of February 28, 2022 As of August 31, 2021 Accrued interests (Note 9 and 10) $ 32,961 2,935 Accrued payroll 313,025 207,864 Other accrued expenses 182,529 87,822 Other payables 82,043 75,648 Accrued expenses and other payables $ 610,558 374,269

DUE FROM (TO) SHAREHOLDERS AN_2

DUE FROM (TO) SHAREHOLDERS AND DIRECTORS (Tables)	6 Months Ended
	Feb. 28, 2022
Due From To Shareholders And Directors
SCHEDULE OF DUE FROM (TO) SHAREHOLDERS, DIRECTORS AND A RELATED COMPANY	SCHEDULE OF DUE FROM (TO) SHAREHOLDERS, DIRECTORS AND A RELATED COMPANY As of February 28, 2022 As of August 31, 2021 Loan from a shareholder: Huang Chun-Shuo $ (158,000 ) $ - Due to a director: Lin Yi-Hsiu $ (978,636 ) $ (1,098,374 ) Due to shareholders: Tu Yu-Cheng $ (51,817 ) $ (50,591 ) Cheng Hung-Pin (5,793 ) (800 ) Huang Mei-Ying (143,453 ) (800 ) Lo Shih-Chu (800 ) (800 ) Chen Jun-Yuan (800 ) (800 ) $ (202,663 ) $ (53,791 )

CONVERTIBLE NOTES PAYABLE TO _2

CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES (Tables)	6 Months Ended
	Feb. 28, 2022
Convertible Notes Payable To Related Parties
SCHEDULE OF CONVERTIBLE NOTES PAYABLE	SCHEDULE OF CONVERTIBLE NOTES PAYABLE Principal amount Issue date Maturity date Interest rate Jui-Chin Chen 100,000 March 18, 2020 March 18, 2022 6 Teh-Ling Chen 100,000 November 2, 2020 November 2, 2022 6 Chin-Ping Wang 200,000 November 25, 2020 November 25, 2022 6 Chin-Nan Wang 200,000 November 25, 2020 November 25, 2022 6 Chin-Chiang Wang 200,000 November 25, 2020 November 25, 2022 6 Teh-Ling Chen 100,000 January 15, 2021 January 15, 2023 6 $900,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Feb. 28, 2022
Income Tax Disclosure [Abstract]
SCHEDULE OF INCOME/(LOSS) BEFORE INCOME TAXES	For the period ended SCHEDULE OF INCOME/(LOSS) BEFORE INCOME TAXES February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Six months ended Three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Tax jurisdictions from: - Local $ (2,375,752 ) $ (2,904,736 ) $ (1,450,149 ) $ (1,385,216 ) State and Local Income Tax Expense (Benefit), Continuing Operations $ (2,375,752 ) $ (2,904,736 ) $ (1,450,149 ) $ (1,385,216 ) - Foreign, representing Seychelles - (1,610 ) - (1,610 ) British Virgin Islands (1,855 ) (84,978 ) (298 ) (1,836 ) Taiwan (1,251,440 ) (950,060 ) (567,529 ) (456,170 ) PRC (254,628 ) (311,398 ) (135,191 ) (168,436 ) Hong Kong (621,575 ) (1,984,854 ) (228,714 ) (562,194 ) Tax jurisdictions from: Foreign, representing (621,575 ) (1,984,854 ) (228,714 ) (562,194 ) Loss before income tax $ (4,505,250 ) $ (6,237,636 ) (2,381,881 ) (2,575,462 )
SCHEDULE OF COMPONENTS OF PROVISION BENEFIT FOR INCOME TAXES	The components of the benefit for income taxes expenses are: SCHEDULE OF COMPONENTS OF PROVISION BENEFIT FOR INCOME TAXES February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Six months ended Three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Current $ - $ - $ - $ - Deferred (8,964 ) (10,229 ) (4,482 ) (5,115 ) Total income tax benefit $ (8,964 ) $ (10,229 ) $ (4,482 ) $ (5,115 )
SCHEDULE OF PROVISION FOR INCOME TAXES	The benefit for income taxes consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAXES February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Six months ended Three months ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 Loss before income taxes $ (4,505,250 ) $ (6,237,636 ) $ (2,381,881 ) $ (2,575,462 ) Statutory income tax rate 21 % 21 % 21 % 21 % Income tax credit computed at statutory income rate (946,103 ) (1,309,904 ) (500,195 ) (540,847 ) Reconciling items: Non-deductible expenses/ non-taxable income 311,315 113,046 256,929 90,021 Share-based payments 222,771 805,264 47,373 351,819 Tax effect of tax exempt entity 390 18,184 63 724 Rate differential in different tax jurisdictions 15,988 86,363 7,410 23,123 Valuation allowance on deferred tax assets 386,675 276,818 183,938 70,045 Income tax benefit $ (8,964 ) $ (10,229 ) $ (4,482 ) $ (5,115 )
SCHEDULE OF DEFERRED TAX ASSETS	SCHEDULE OF DEFERRED TAX ASSETS February 28, 2022 August 31, 2021 Deferred tax assets: Net operating loss carryforwards – United States of America $ (548,822 ) $ (469,843 ) – Taiwan (819,395 ) (618,141 ) – PRC (521,459 ) (457,802 ) – Hong Kong (529,901 ) (469,186 ) Less: valuation allowance 2,419,577 2,014,972 $ - $ - Deferred tax liabilities: Intangible assets – Technical know-hows $ 116,538 $ 125,502

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Feb. 28, 2022
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF OPERATING LEASE MINIMUM RENT PAYMENTS	The following table lists the future minimal payments to be paid by the Company under a non-cancellable operating lease for office space in Taiwan with an initial term of one-year as of February 28, 2022: SCHEDULE OF OPERATING LEASE MINIMUM RENT PAYMENTS Year ending February 28, 2023 $ 4,565 2024 - 2025 - 2026 -
SCHEDULE OF COMPONENTS OF LEASE COSTS, LEASE TERM AND DISCOUNT RATE	The components of lease costs, lease term and discount rate with respect of leases with an initial term of at least 12 months are as follows: SCHEDULE OF COMPONENTS OF LEASE COSTS, LEASE TERM AND DISCOUNT RATE For the six months ended February 28, February 28, Operating lease cost – classified as general and administrative expenses $ 176,635 $ 150,916 Weighted Average Remaining Lease Term – Operating leases 1.43 1.32 Weighted Average Discounting Rate – Operating leases 5.42 % 5.75 %
SCHEDULE OF MATURITIES OF LEASE LIABILITIES	The following is a schedule, by years, of maturities of lease liabilities as of February 28, 2022: SCHEDULE OF MATURITIES OF LEASE LIABILITIES Operating leases 2023 $ 257,483 2024 120,431 2025 - 2026 - 2027 - Thereafter - Total undiscounted cash flows 377,914 Less: imputed interest (52,986 ) Present value of lease liabilities $ 324,928

SCHEDULE OF SUBSIDIARIES OF COM

SCHEDULE OF SUBSIDIARIES OF COMPANY (Details)	6 Months Ended
	Feb. 28, 2022
LOC Weibo Co., Ltd [Member]
Parent Entity Legal Name	LOC Weibo Co., Ltd. (“LOC”)
Place/Date of Incorporation	Republic of China/September 29, 2017
Equity Method Investment, Description of Principal Activities	Development of ecological-systems applications, integration of big data and promotion of OTT applications
Beijing DataComm Cloud Media Technology Co., Ltd. [Member]
Parent Entity Legal Name	Beijing DataComm Cloud Media Technology Co., Ltd. (“BJDC”)
Place/Date of Incorporation	People’s Republic of China /April 16, 2013
Equity Method Investment, Description of Principal Activities	Development of ecological-systems applications, integration of big data and promotion of OTT applications
Leader Financial Group Limited [Member]
Parent Entity Legal Name	Leader Financial Group Limited (“LFGL”)
Place/Date of Incorporation	Seychelles / March 6, 2017
Equity Method Investment, Description of Principal Activities	Investment Holding
JFB Internet Service Limited [Member]
Parent Entity Legal Name	JFB Internet Service Limited (“JFB”)
Place/Date of Incorporation	Hong Kong / July 6, 2017
Equity Method Investment, Description of Principal Activities	Provides an Investment Platform

ORGANIZATION AND BUSINESS BAC_3

ORGANIZATION AND BUSINESS BACKGROUND (Details Narrative) - NPI [Member] - USD ($)	Aug. 17, 2020	Aug. 31, 2020
Restructuring Cost and Reserve [Line Items]
Ownership percentage	100.00%
Acquisition aggregate purchase price	$ 4,850,000
Acquisition net purchase price	$ 3,506,042
Number of shares issuable in acquistion	8,415,111	8,415,111

SCHEDULE OF REVENUE BY MAJOR PR

SCHEDULE OF REVENUE BY MAJOR PRODUCT LINE (Details) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Disaggregation of Revenue [Line Items]
Revenue by major product line	$ 7,631	$ 32,389	$ 22,436	$ 55,252
Investment PlatForm Services [Member]
Disaggregation of Revenue [Line Items]
Revenue by major product line	1,557	6,788	4,799	10,408
Software Development Service And Maintenance Service [Member]
Disaggregation of Revenue [Line Items]
Revenue by major product line	$ 6,074	$ 25,601	$ 17,637	$ 44,844

SCHEDULE OF REVENUE BY RECOGNIT

SCHEDULE OF REVENUE BY RECOGNITION OVER TIME VS POINT IN TIME (Details) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Disaggregation of Revenue [Line Items]
Revenue by recognition	$ 7,631	$ 32,389	$ 22,436	$ 55,252
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue by recognition	7,631	32,389	22,436	55,252
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue by recognition

SCHEDULE OF CONTRACT LIABILITIE

SCHEDULE OF CONTRACT LIABILITIES (Details) - USD ($)	6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Accounting Policies [Abstract]
Balance as of September 1	$ 16,225	$ 2,896
Advances received from customers related to unsatisfied performance obligations	2,677	9,760
Revenue recognized from beginning contract liability balance	(15,948)	(2,990)
Exchange difference	(101)	296
Balance as of February 28	$ 2,853	$ 9,962

SCHEDULE OF PLANT AND EQUIPMENT

SCHEDULE OF PLANT AND EQUIPMENT USEFUL LIVES (Details)	6 Months Ended
	Feb. 28, 2022
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment useful lives	3 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment useful lives	3 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Plant and equipment useful lives	3 years

SCHEDULE OF USEFUL LIVES OF COM

SCHEDULE OF USEFUL LIVES OF COMPANY'S INTANGIBLE ASSETS (Details)	6 Months Ended
	Feb. 28, 2022
Investment Platform [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets useful lives	5 years
Technical Know-Hows [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets useful lives	8 years
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets useful lives	10 years

SCHEDULE OF RECONCILIATION OF B

SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED NET LOSS PER SHARE (Details) - USD ($)		3 Months Ended		6 Months Ended
		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Accounting Policies [Abstract]
Net loss		$ (2,377,399)	$ (2,570,347)	$ (4,496,286)	$ (6,227,407)
Weighted average number of shares of common stock outstanding - Basic and diluted	[1]	170,033,710	141,553,018	165,431,246	139,224,402
Net loss per share - Basic and diluted		$ (0.02)	$ (0.02)	$ (0.03)	$ (0.05)
[1]	Including 1,600,000 shares converted from convertible notes but not yet issued and 4,578,868 shares granted and vested but not yet issued for the period ended February 28, 2022; and including 58,333 shares that were granted and vested but not yet issued for the period ended February 28, 2021.

SCHEDULE OF RECONCILIATION OF_2

SCHEDULE OF RECONCILIATION OF BASIC AND DILUTED NET LOSS PER SHARE (Details) (Parenthetical) - shares	6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Accounting Policies [Abstract]
Shares converted from convertible notes but not yet issued	1,600,000
Shares granted and vested but not yet issued	4,578,868	58,333

SCHEDULE OF FOREIGN CURRENCY TR

SCHEDULE OF FOREIGN CURRENCY TRANSLATION (Details)	Feb. 28, 2022	Aug. 31, 2021	Feb. 28, 2021
Period End HK [Member]
Offsetting Assets [Line Items]
Foreign currency exchange rate	7.80	7.80
Period End NT [Member]
Offsetting Assets [Line Items]
Foreign currency exchange rate	28.04	27.66
Period End RMB [Member]
Offsetting Assets [Line Items]
Foreign currency exchange rate	6.31	6.46
Period Average HK [Member]
Offsetting Assets [Line Items]
Foreign currency exchange rate	7.80		7.80
Period Average NT [Member]
Offsetting Assets [Line Items]
Foreign currency exchange rate	27.79		28.45
Period Average RMB [Member]
Offsetting Assets [Line Items]
Foreign currency exchange rate	6.39		6.61

SCHEDULE OF FAIR VALUE HIERARCH

SCHEDULE OF FAIR VALUE HIERARCHY AND FINANCIAL ASSETS LIABILITIES (Details) - USD ($)	Feb. 28, 2022	Aug. 31, 2021	Feb. 28, 2021	Aug. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Convertible notes measured at fair value	$ 518,000	$ 990,000	$ 1,237,000	$ 104,000
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Convertible notes measured at fair value
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Convertible notes measured at fair value
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Convertible notes measured at fair value	$ 518,000	$ 990,000

SCHEDULE OF CHANGE IN FINANCIAL

SCHEDULE OF CHANGE IN FINANCIAL LIABILITY (Details) - USD ($)	6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Accounting Policies [Abstract]
Balance at September 1	$ 990,000	$ 104,000
Issuance of convertible notes		800,000
Fair value loss on issuance of convertible notes		526,838
Interest waived in conversion of convertible notes	(6,330)
Interest paid	(42,000)
Interest expenses on convertible notes	20,670	2,712
Change in fair value of convertible notes	(1,181,330)	(196,550)
Conversion of convertible notes	(1,632,000)
Balance at February 28	$ 518,000	$ 1,237,000

SCHEDULE OF FAIR VALUE ASSUMPTI

SCHEDULE OF FAIR VALUE ASSUMPTION OF CONVERTIBLE NOTES (Details)		Feb. 28, 2022$ / shares	Jan. 24, 2022$ / shares	Aug. 31, 2021$ / shares	Jan. 15, 2021$ / shares	Nov. 25, 2020$ / shares	Nov. 02, 2020$ / shares	Aug. 17, 2020$ / shares	Mar. 18, 2020$ / shares
Defined Benefit Plan Disclosure [Line Items]
Debt Instrument, Convertible, Conversion Price			$ 0.25
Jui-Chin Chen [Member]
Defined Benefit Plan Disclosure [Line Items]
Appraisal Date		Feb. 28, 2022		Aug. 31, 2021					Mar. 18, 2020
Applicable closing stock price		$ 0.80		$ 2.01					$ 1.20
Debt Instrument, Convertible, Conversion Price		$ 0.40		$ 0.40				$ 0.40	1	[1]
Conversion price	[2]								$ 1.50
Jui-Chin Chen [Member] | Measurement Input, Risk Free Interest Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0.03		0.05					0.54
Jui-Chin Chen [Member] | Measurement Input, Price Volatility [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		34.77		45.20					34.20
Jui-Chin Chen [Member] | Measurement Input, Expected Dividend Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0		0					0
Jui-Chin Chen [Member] | Credit Spread [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		7.39		3.63					6.88
Jui-Chin Chen [Member] | Liquidity Risk Premium [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		68.06		84.04					51.08
Teh Ling Chen [Member]
Defined Benefit Plan Disclosure [Line Items]
Appraisal Date		Feb. 28, 2022		Aug. 31, 2021			Nov. 2, 2020
Applicable closing stock price		$ 0.80		$ 2.01			$ 0.12
Debt Instrument, Convertible, Conversion Price		$ 0.40		$ 0.40			$ 0.40
Teh Ling Chen [Member] | Measurement Input, Price Volatility [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		45.21		49.90			41.51
Teh Ling Chen [Member] | Measurement Input, Expected Dividend Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0		0			0
Teh Ling Chen [Member] | Liquidity Risk Premium [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		68.34		86.98			77.62
Chin-Ping Wang Chin-Nan Wang [Member]
Defined Benefit Plan Disclosure [Line Items]
Appraisal Date				Aug. 31, 2021		Nov. 25, 2020
Applicable closing stock price				$ 2.01		$ 3
Debt Instrument, Convertible, Conversion Price				$ 0.40		$ 0.40
Chin-Ping Wang Chin-Nan Wang [Member] | Measurement Input, Risk Free Interest Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input				0.10		0.16
Chin-Ping Wang Chin-Nan Wang [Member] | Measurement Input, Price Volatility [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input				49.76		42
Chin-Ping Wang Chin-Nan Wang [Member] | Measurement Input, Expected Dividend Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input				0		0
Chin-Ping Wang Chin-Nan Wang [Member] | Credit Spread [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input				3.63		6.93
Chin-Ping Wang Chin-Nan Wang [Member] | Liquidity Risk Premium [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input				86.63		78.14
Chin-Chiang Wang [Member]
Defined Benefit Plan Disclosure [Line Items]
Appraisal Date		Feb. 28, 2022		Aug. 31, 2021		Nov. 25, 2020
Applicable closing stock price		$ 0.80		$ 2.01		$ 3
Debt Instrument, Convertible, Conversion Price		$ 0.40		$ 0.40		$ 0.40
Chin-Chiang Wang [Member] | Measurement Input, Risk Free Interest Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0.81		0.10		0.16
Chin-Chiang Wang [Member] | Measurement Input, Price Volatility [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		44.51		49.76		42
Chin-Chiang Wang [Member] | Measurement Input, Expected Dividend Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0		0		0
Chin-Chiang Wang [Member] | Credit Spread [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		7.39		3.63		6.93
Chin-Chiang Wang [Member] | Liquidity Risk Premium [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		69.19		86.63		78.14
Teh Ling Chen [Member]
Defined Benefit Plan Disclosure [Line Items]
Appraisal Date		Feb. 28, 2022		Aug. 31, 2021	Jan. 15, 2021
Applicable closing stock price		$ 0.80		$ 2.01	$ 2
Debt Instrument, Convertible, Conversion Price		$ 0.40		$ 0.40	$ 0.40
Teh Ling Chen [Member] | Measurement Input, Risk Free Interest Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0.91		0.12	0.1
Teh Ling Chen [Member] | Measurement Input, Price Volatility [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		39.64		48.45	43.50
Teh Ling Chen [Member] | Measurement Input, Expected Dividend Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0		0	0
Teh Ling Chen [Member] | Credit Spread [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		7.30		3.63	6.76
Teh Ling Chen [Member] | Liquidity Risk Premium [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		60.36		85.12	75.73
Teh-Ling Chen [Member] | Measurement Input, Risk Free Interest Rate [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0.76		0.09			0.16
Teh-Ling Chen [Member] | Credit Spread [Member]
Defined Benefit Plan Disclosure [Line Items]
Debt Securities, Available-for-sale, Measurement Input		7.39		3.63			7.52
[1]	USD 1.00
[2]	USD 1.50

SCHEDULE OF FAIR VALUE ASSUMP_2

SCHEDULE OF FAIR VALUE ASSUMPTION OF CONVERTIBLE NOTES (Details) (Parenthetical) - $ / shares	Feb. 28, 2022	Jan. 24, 2022	Aug. 31, 2021	Aug. 17, 2020	Mar. 18, 2020	[1]
Conversion price		$ 0.25
Jui-Chin Chen [Member]
Conversion price	$ 0.40		$ 0.40	$ 0.40	$ 1
Before One-year Anniversary [Member] | Jui-Chin Chen [Member]
Conversion price	1
After One-year Anniversary [Member] | Jui-Chin Chen [Member]
Conversion price	$ 1.50
[1]	USD 1.00

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021	Aug. 31, 2021
Retained Earnings (Accumulated Deficit)	$ 27,497,353		$ 27,497,353		$ 23,001,067
Working capital deficit	2,887,051		2,887,051
Software development costs	0	$ 0	0	$ 0
Revenue remaining performance obligations	2,853		2,853
Research and development expenses	114,896	157,594	261,179	304,565
Advertising expense	29,446	46,467	240,049	143,828
Liabilities unredeemed	$ 82,043		$ 82,043		$ 75,648
Lessor, Operating Lease, Term of Contract	12 months		12 months
Impairment of long-lived assets	$ 0	0	$ 0	0
Percentage of likelihood, description			Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts
Uncertain tax positions, accrued interest or penalties	0		$ 0
Selling and Marketing Expense [Member]
Redeemable liabilities	$ 4,318	$ 14,561	$ 7,487	$ 26,902

SUMMARY OF FAIR VALUES OF ASSET

SUMMARY OF FAIR VALUES OF ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) - USD ($)	Feb. 28, 2022	Aug. 31, 2021	Aug. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 1,747,945	$ 1,747,945
NPI [Member]
Business Acquisition [Line Items]
Cash and cash equivalents			$ 185,117
Prepayments, deposits and other receivables			145,228
Due from a shareholder			34,048
Right-of-use operating lease assets			113,590
Plant and equipment, net			30,365
Intangible assets- Technical know-hows			818,200
Goodwill			2,974,364
Other payables and accrued liabilities			(383,087)
Contract liabilities			(2,896)
Due to shareholders			(99,730)
Operating lease liability			(113,646)
Tax payable			(31,871)
Deferred tax liabilities			(163,640)
Net purchase price			3,506,042
Accounts receivable			989,854
Notes payable			(3,066,617)
Aggregate fair values of the assets acquired and liabilities assumed			$ 1,429,279

SCHEDULE OF MOVEMENT OF GOODWIL

SCHEDULE OF MOVEMENT OF GOODWILL (Details) - USD ($)	Feb. 28, 2022	Aug. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Balance as of Goodwill	$ 1,747,945	$ 1,747,945

ACQUISITION OF SUBSIDIARIES (De

ACQUISITION OF SUBSIDIARIES (Details Narrative) - USD ($)	Aug. 17, 2020	Aug. 31, 2020	Feb. 28, 2021	Feb. 28, 2022	Aug. 31, 2021
Business Acquisition [Line Items]
Goodwill				$ 1,747,945	$ 1,747,945
Goodwill and Intangible Asset Impairment			$ 0
NPI [Member]
Business Acquisition [Line Items]
Acquisition aggregate purchase price	$ 4,850,000
Acquisition net purchase price	$ 3,506,042
Number of shares issuable in acquistion	8,415,111	8,415,111
Goodwill		$ 2,974,364

SCHEDULE OF PLANT AND EQUIPME_2

SCHEDULE OF PLANT AND EQUIPMENT, NET (Details) - USD ($)	Feb. 28, 2022	Aug. 31, 2021
Property, Plant and Equipment [Line Items]
Total	$ 191,536	$ 180,712
Less: Accumulated depreciation	(115,455)	(110,952)
Plant and Equipment, net	76,081	69,760
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total	71,006	64,791
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total	31,805	32,038
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total	$ 88,725	$ 83,883

PLANT AND EQUIPMENT, NET (Detai

PLANT AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 11,217	$ 9,308	$ 21,072	$ 19,535

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	Feb. 28, 2022	Aug. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Total	$ 853,120	$ 851,683
Less: Accumulated amortization	(153,967)	(108,959)
Impairment	(111,915)	(111,915)
Intangible assets, net	587,238	630,809
Investment Platform [Member]
Finite-Lived Intangible Assets [Line Items]
Total	30,000	30,000
Technical Know-Hows [Member]
Finite-Lived Intangible Assets [Line Items]
Total	818,200	818,200
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Total	$ 4,920	$ 3,483

SCHEDULE OF AMORTIZATION EXPENS

SCHEDULE OF AMORTIZATION EXPENSES RELATED TO INTANGIBLE ASSETS (Details)	Feb. 28, 2022USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 90,136
2024	90,136
2025	90,136
2026	90,136
2027 and thereafter	226,694
Total	$ 587,238

INTANGIBLE ASSETS, NET (Details

INTANGIBLE ASSETS, NET (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for intangible assets	$ 22,509	$ 25,583	$ 45,008	$ 51,178
Impairment loss of intangible assets	$ 0	$ 0	$ 0	$ 0

SCHEDULE OF RELATED PARTY TRANS

SCHEDULE OF RELATED PARTY TRANSACTIONS (Details) - USD ($)		3 Months Ended		6 Months Ended
		Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Greenpro LF Limited [Member]
Related Party Transaction [Line Items]
Other income: Miscellaneous income	[1]				$ 1,823
[1]	Mr. Lin is a director of Greenpro LF Limited.

SCHEDULE OF PREPAYMENTS, DEPOSI

SCHEDULE OF PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES (Details) - USD ($)	Feb. 28, 2022	Aug. 31, 2021
Prepayments Deposits And Other Receivables
Rental and management fee deposits	$ 127,437	$ 120,831
Other prepaid expenses	114,081	194,040
Other taxes recoverable	35,047	19,183
Prepayments, deposits and other receivables	276,565	334,054
Rental and management fee deposits	16,413	54,204
Other prepaid expenses	9,510	48,135
Prepayments, deposits and other receivables, non-current	25,923	102,339
Prepayments, deposits and other receivables, current	$ 250,642	$ 231,715

SCHEDULE OF ACCRUED EXPENSES AN

SCHEDULE OF ACCRUED EXPENSES AND OTHER PAYABLES (Details) - USD ($)	Feb. 28, 2022	Aug. 31, 2021
Payables and Accruals [Abstract]
Accrued interests (Note 9 and 10)	$ 32,961	$ 2,935
Accrued payroll	313,025	207,864
Other accrued expenses	182,529	87,822
Other payables	82,043	75,648
Accrued expenses and other payables	$ 610,558	$ 374,269

SCHEDULE OF DUE FROM (TO) SHARE

SCHEDULE OF DUE FROM (TO) SHAREHOLDERS, DIRECTORS AND A RELATED COMPANY (Details) - USD ($)	Feb. 28, 2022	Aug. 31, 2021
Loan from a shareholder Huang Chun-Shuo	$ (158,000)
Due to Lin Yi-Hsiu	(978,636)	(1,098,374)
Due to shareholders	(202,663)	(53,791)
Tu Yu-Cheng [Member]
Due to shareholders	(51,817)	(50,591)
Cheng Hung-Pin [Member]
Due to shareholders	(5,793)	(800)
Huang Mei-Ying [Member]
Due to shareholders	(143,453)	(800)
Lo Shih-Chu [Member]
Due to shareholders	(800)	(800)
Chen Jun-Yuan [Member]
Due to shareholders	$ (800)	$ (800)

DUE FROM (TO) SHAREHOLDERS AN_3

DUE FROM (TO) SHAREHOLDERS AND DIRECTORS (Details Narrative)	Feb. 28, 2022USD ($)	Feb. 28, 2022CNY (¥)	Aug. 31, 2021USD ($)
Defined Benefit Plan Disclosure [Line Items]
Interest Payable	$ 32,961		$ 2,935
Huang Chun Shuo [Member]
Defined Benefit Plan Disclosure [Line Items]
Proceeds from Issuance of Debt	$ 158,000	¥ 1,000,000
Common stock outstanding percentage	5.30%
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Debt Instrument, Maturity Date	May 27, 2022	May 27, 2022
Interest Payable	$ 26

BONDS PAYABLE (Details Narrativ

BONDS PAYABLE (Details Narrative) - USD ($)	Aug. 14, 2019	Feb. 28, 2022	Aug. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Interest Payable		$ 32,961	$ 2,935
Bond Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Debt instrument face amount	$ 600,000
Debt Instrument, Term	3 years
Debt Instrument, Maturity Date	Aug. 14, 2019
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Debt Instrument, Description	The Company may exercise its right to repay this bond at any time on or before two years from the maturity date by wiring 100% of all outstanding principal and interest to the purchaser
Interest Payable		$ 32,935	$ 2,935

SCHEDULE OF CONVERTIBLE NOTES P

SCHEDULE OF CONVERTIBLE NOTES PAYABLE (Details) - USD ($)	6 Months Ended
	Feb. 28, 2022	Nov. 02, 2020	Mar. 18, 2020
Defined Benefit Plan Disclosure [Line Items]
Convertible Notes Payable	$ 900,000
Jui-Chin Chen [Member]
Defined Benefit Plan Disclosure [Line Items]
Convertible Notes Payable	$ 100,000
Debt Instrument, Issuance Date	Mar. 18, 2020
Debt Instrument, Maturity Date	Mar. 18, 2022
Debt Instrument, Interest Rate, Stated Percentage	6.00%		6.00%
Teh Ling Chen [Member]
Defined Benefit Plan Disclosure [Line Items]
Convertible Notes Payable	$ 100,000
Debt Instrument, Issuance Date	Nov. 2, 2020
Debt Instrument, Maturity Date	Nov. 2, 2022
Debt Instrument, Interest Rate, Stated Percentage	6.00%
Chin-Ping Wang [Member]
Defined Benefit Plan Disclosure [Line Items]
Convertible Notes Payable	$ 200,000
Debt Instrument, Issuance Date	Nov. 25, 2020
Debt Instrument, Maturity Date	Nov. 25, 2022
Debt Instrument, Interest Rate, Stated Percentage	6.00%
Chin-Nan Wang [Member]
Defined Benefit Plan Disclosure [Line Items]
Convertible Notes Payable	$ 200,000
Debt Instrument, Issuance Date	Nov. 25, 2020
Debt Instrument, Maturity Date	Nov. 25, 2022
Debt Instrument, Interest Rate, Stated Percentage	6.00%
Chin-Chiang Wang [Member]
Defined Benefit Plan Disclosure [Line Items]
Convertible Notes Payable	$ 200,000
Debt Instrument, Issuance Date	Nov. 25, 2020
Debt Instrument, Maturity Date	Nov. 25, 2022
Debt Instrument, Interest Rate, Stated Percentage	6.00%	6.00%
Teh Ling Chen [Member]
Defined Benefit Plan Disclosure [Line Items]
Convertible Notes Payable	$ 100,000
Debt Instrument, Issuance Date	Jan. 15, 2021
Debt Instrument, Maturity Date	Jan. 15, 2023
Debt Instrument, Interest Rate, Stated Percentage	6.00%

CONVERTIBLE NOTES PAYABLE TO _3

CONVERTIBLE NOTES PAYABLE TO RELATED PARTIES (Details Narrative) - USD ($)	Jan. 26, 2022	Jan. 15, 2021	Nov. 02, 2020	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021	Jan. 24, 2022	Aug. 31, 2021	Nov. 25, 2020	Aug. 31, 2020	Aug. 17, 2020	Mar. 18, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible Debt, Fair Value Disclosures				$ 518,000	$ 1,237,000	$ 518,000	$ 1,237,000		$ 990,000		$ 104,000
Debt Instrument, Convertible, Conversion Price								$ 0.25
Conversion of Stock, Shares Converted	1,600,000
Debt Instrument, Convertible, Terms of Conversion Feature						For each of the Notes, the Company is entitled to a one-year extension. The outstanding principal amounts of the notes are convertible at any time at the option of the holders into common stock at a conversion price of $0.40 per share. Each of the noteholders may convert part of the principal outstanding in increments of $10,000 or multiples of $10,000 at any time
Interest Expense				22,196	16,957	$ 50,596	32,403
Convertible Debt [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Interest Expense				7,170	$ 755	20,670	$ 2,712
Binomial Model [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible Debt, Fair Value Disclosures				$ 518,000		$ 518,000
Jui-Chin Chen [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible Notes Payable, Noncurrent													$ 100,000
Debt Instrument, Interest Rate, Stated Percentage				6.00%		6.00%							6.00%
Debt Instrument, Convertible, Conversion Price				$ 0.40		$ 0.40			$ 0.40			$ 0.40	$ 1	[1]
Debt Instrument, Maturity Date						Mar. 18, 2022
Teh-Ling Chen [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible Notes Payable, Noncurrent		$ 100,000	$ 100,000
Debt Instrument, Interest Rate, Stated Percentage		6.00%	6.00%
Debt Instrument, Maturity Date		Jan. 15, 2023	Nov. 25, 2022
Chin-Chiang Wang [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible Notes Payable, Noncurrent										$ 200,000
Debt Instrument, Interest Rate, Stated Percentage			6.00%	6.00%		6.00%
Debt Instrument, Convertible, Conversion Price				$ 0.40		$ 0.40			$ 0.40	$ 0.40
Debt Instrument, Maturity Date						Nov. 25, 2022
Chin Ping Wang And Chin Nan Wang [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible Notes Payable, Noncurrent										$ 400,000
Debt Instrument, Interest Rate, Stated Percentage										6.00%
Convertible Promissory Note Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Convertible Debt, Fair Value Disclosures				$ 900,000		$ 900,000
[1]	USD 1.00

SCHEDULE OF INCOME_(LOSS) BEFOR

SCHEDULE OF INCOME/(LOSS) BEFORE INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Operating Loss Carryforwards [Line Items]
Loss before income tax	$ (2,381,881)	$ (2,575,462)	$ (4,505,250)	$ (6,237,636)
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
State and Local Income Tax Expense (Benefit), Continuing Operations	(1,450,149)	(1,385,216)	(2,375,752)	(2,904,736)
SEYCHELLES
Operating Loss Carryforwards [Line Items]
Tax jurisdictions from: Foreign, representing		(1,610)		(1,610)
VIRGIN ISLANDS, BRITISH
Operating Loss Carryforwards [Line Items]
Tax jurisdictions from: Foreign, representing	(298)	(1,836)	(1,855)	(84,978)
TAIWAN, PROVINCE OF CHINA
Operating Loss Carryforwards [Line Items]
Tax jurisdictions from: Foreign, representing	(567,529)	(456,170)	(1,251,440)	(950,060)
CHINA
Operating Loss Carryforwards [Line Items]
Tax jurisdictions from: Foreign, representing	(135,191)	(168,436)	(254,628)	(311,398)
HONG KONG
Operating Loss Carryforwards [Line Items]
Tax jurisdictions from: Foreign, representing	$ (228,714)	$ (562,194)	$ (621,575)	$ (1,984,854)

SCHEDULE OF COMPONENTS OF PROVI

SCHEDULE OF COMPONENTS OF PROVISION BENEFIT FOR INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Income Tax Disclosure [Abstract]
Current
Deferred	(4,482)	(5,115)	(8,964)	(10,229)
Total income tax benefit	$ (4,482)	$ (5,115)	$ (8,964)	$ (10,229)

SCHEDULE OF PROVISION FOR INCOM

SCHEDULE OF PROVISION FOR INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (2,381,881)	$ (2,575,462)	$ (4,505,250)	$ (6,237,636)
Statutory income tax rate	21.00%	21.00%	21.00%	21.00%
Income tax credit computed at statutory income rate	$ (500,195)	$ (540,847)	$ (946,103)	$ (1,309,904)
Non-deductible expenses/ non-taxable income	256,929	90,021	311,315	113,046
Share-based payments	47,373	351,819	222,771	805,264
Tax effect of tax exempt entity	63	724	390	18,184
Rate differential in different tax jurisdictions	7,410	23,123	15,988	86,363
Valuation allowance on deferred tax assets	183,938	70,045	386,675	276,818
Income tax benefit	$ (4,482)	$ (5,115)	$ (8,964)	$ (10,229)

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS (Details) - USD ($)	Feb. 28, 2022	Aug. 31, 2021
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 2,419,577	$ 2,014,972
Deferred Tax Assets, Net of Valuation Allowance
Deferred Tax Liabilities, Net	116,538	125,502
UNITED STATES
Operating Loss Carryforwards [Line Items]
Deferred tax assets: Net operating loss carryforwards	(548,822)	(469,843)
TAIWAN, PROVINCE OF CHINA
Operating Loss Carryforwards [Line Items]
Deferred tax assets: Net operating loss carryforwards	(819,395)	(618,141)
CHINA
Operating Loss Carryforwards [Line Items]
Deferred tax assets: Net operating loss carryforwards	(521,459)	(457,802)
HONG KONG
Operating Loss Carryforwards [Line Items]
Deferred tax assets: Net operating loss carryforwards	$ (529,901)	$ (469,186)

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	Jan. 02, 2018	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021	Aug. 31, 2021
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%	21.00%	21.00%	21.00%
UNITED STATES
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards		$ 2,613,438		$ 2,613,438
Net operating loss expiration date description				The NOL carryforwards begin to expire in 2037
Deferred tax assets valuation allowance carryforwards		548,822		$ 548,822
Deferred Tax Assets, Operating Loss Carryforwards		548,822		548,822		$ 469,843
TAIWAN, PROVINCE OF CHINA
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards		4,096,976		$ 4,096,976
Net operating loss expiration date description				expire in various years through 2025
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	20.00%
Deferred Tax Assets, Operating Loss Carryforwards		819,395		$ 819,395		618,141
CHINA
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards		2,085,837		$ 2,085,837
Net operating loss expiration date description				expire in various years through 2027
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent				25.00%
Deferred Tax Assets, Operating Loss Carryforwards		521,459		$ 521,459		457,802
HONG KONG
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards		3,211,520		3,211,520
Deferred Tax Assets, Operating Loss Carryforwards		$ 529,901		$ 529,901		$ 469,186
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				16.50%

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative)	Aug. 31, 2022USD ($)$ / shares	Sep. 02, 2021USD ($)$ / sharesshares	Sep. 02, 2021CNY (¥)shares	May 17, 2021shares	Mar. 02, 2021USD ($)$ / sharesshares	Feb. 08, 2021shares	Nov. 01, 2020USD ($)shares	Sep. 02, 2020USD ($)$ / shares	Sep. 02, 2020USD ($)$ / shares	Aug. 31, 2020USD ($)$ / sharesshares	Aug. 17, 2020shares	Aug. 03, 2020USD ($)$ / sharesshares	Aug. 03, 2020TWD ($)shares	Aug. 02, 2020USD ($)$ / sharesshares	Jul. 27, 2020USD ($)$ / sharesshares	Jul. 27, 2020TWD ($)shares	Jun. 30, 2020$ / sharesshares	Jun. 30, 2020$ / sharesshares	Mar. 02, 2020USD ($)shares	Sep. 16, 2019USD ($)$ / shares	Sep. 02, 2019USD ($)$ / sharesshares	Mar. 31, 2022USD ($)$ / sharesshares	Jan. 31, 2022USD ($)shares	Aug. 31, 2020$ / sharesshares	Aug. 30, 2020USD ($)	Feb. 28, 2022USD ($)$ / sharesshares	Nov. 30, 2021shares	Feb. 28, 2021USD ($)	Aug. 31, 2021USD ($)$ / sharesshares	Feb. 28, 2022USD ($)$ / sharesshares	Feb. 28, 2021USD ($)	Aug. 31, 2022USD ($)$ / shares	Aug. 31, 2021USD ($)$ / shares	Aug. 31, 2021TWD ($)	May 17, 2022$ / shares	Feb. 08, 2022$ / shares	Sep. 30, 2021$ / shares	Nov. 02, 2020$ / shares
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Stock, Par or Stated Value Per Share | $ / shares																										$ 0.0001			$ 0.0001	$ 0.0001			$ 0.0001
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares																														4,578,868
Stock Issued During Period, Shares, Issued for Services | shares												50,000	50,000
Equivalent		$ 2,157
Stock Issued During Period, Value, New Issues																										$ 485,000		$ 220,000		$ 1,150,000	$ 418,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount																										1,883,453				1,883,453
NPI [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares											8,415,111													8,415,111
JFB Internet Service Limited [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Gross										$ 6,000,000
Shares Issued, Price Per Share | $ / shares										$ 0.40														$ 0.40
JFB Internet Service Limited [Member] | Milestones [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, New Issues | shares										5,000,000
JFB Internet Service Limited [Member] | Inducement Shares [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization																										$ 33,084		337,832		$ 242,481	1,584,593
Stock Issued During Period, Shares, New Issues | shares																	5,000,000										5,000,000
Common stock description																	shares of restricted common stock in connection with such employee’s employment (the “Inducement Shares”) and (ii)
Service Provider [Member] | JFB Internet Service Limited [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of common shares vested | shares																											6,128,868
Stock Forfeiture Letter [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of shares forfeited and surrendered | shares				13,132,500		5,000,000											5,500,000													9,010,000
Common Stock, Par or Stated Value Per Share | $ / shares																	$ 0.0001	$ 0.0001																	$ 0.0001	$ 0.0001
Securities Purchase Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares Issued, Price Per Share | $ / shares																													$ 0.140				$ 0.140
Stock Issued During Period, Shares, New Issues | shares																													37,157,535
Proceeds from Issuance of Common Stock																													$ 5,206,994	$ 1,150,000
Securities Purchase Agreement [Member] | Accredited Investors [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares, Issued | shares																										10,000,000				10,000,000
Loanout Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Salary and Wage, Excluding Cost of Good and Service Sold														$ 66,000														100,000		$ 16,666	183,333
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares														1,000,000
Stock Issued During Period, Value, Restricted Stock Award, Gross														$ 400,000
Shares Issued, Price Per Share | $ / shares														$ 0.40
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture | shares														1,000,000
Securities Purchase Agreements One [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares Issued, Price Per Share | $ / shares																																					$ 0.13
Subsequent Event [Member] | Securities Purchase Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares Issued, Price Per Share | $ / shares																						$ 0.25
Stock Issued During Period, Shares, New Issues | shares																						120,000
Proceeds from Issuance of Common Stock																						$ 30,000
Yi-Hsiu Lin [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Employment agreement term		2 years	2 years																		2 years
Salary and Wage, Excluding Cost of Good and Service Sold		$ 120,000																			$ 50,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares		2,500,000	2,500,000																		2,500,000
Stock Issued During Period, Value, Restricted Stock Award, Gross								$ 1,000,000												$ 1,250,000
Shares Issued, Price Per Share | $ / shares	$ 0.10							$ 0.40	$ 0.40											$ 0.50												$ 0.10
Amortization																										$ 62,500		250,000		125,000	500,000
Yi-Hsiu Lin [Member] | Subsequent Event [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Gross	$ 250,000
Mr. Cheng [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Employment agreement term		1 year	1 year																		1 year
Salary and Wage, Excluding Cost of Good and Service Sold		$ 80,000																			$ 30,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares		1,500,000	1,500,000																		1,500,000
Stock Issued During Period, Value, Restricted Stock Award, Gross		$ 150,000							$ 1,500,000												$ 750,000
Shares Issued, Price Per Share | $ / shares		$ 0.10						$ 0.40	$ 0.40												$ 0.50
Amortization																										37,500		150,000		75,000	300,000
Consultant [Member] | Consulting Agreement [Member] | Business Advisory Services [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Employment agreement term																			1 year		2 years
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares					1,000,000														1,000,000
Stock Issued During Period, Value, Restricted Stock Award, Gross					$ 750,000
Shares Issued, Price Per Share | $ / shares					$ 0.10
Consultant fee					$ 60,000														$ 60,000
Number of additional restricted common stock shares issued | shares																		500,000
Consultant [Member] | Consulting Agreement [Member] | Business Advisory Services Two [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization																										25,000		187,500		50,000	375,000
Consultant [Member] | Consulting Agreement [Member] | Business Development Services [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares		2,400,000	2,400,000
Shares Issued, Price Per Share | $ / shares		$ 0.10
Amortization																										30,000				60,000
Consultant fee		$ 60,000	¥ 17,000
Consultant [Member] | Renewal of Consulting Agreement [Member] | Business Advisory Services [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Value, Restricted Stock Award, Gross					$ 100,000
Shares Issued, Price Per Share | $ / shares					$ 0.50
Consultant [Member] | Subsequent Event [Member] | Consulting Agreement [Member] | Business Development Services [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization																																$ 120,000
Staff [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Salary and Wage, Excluding Cost of Good and Service Sold																														29,167	12,500
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares												50,000	50,000
Stock Issued During Period, Value, Restricted Stock Award, Gross												$ 50,000			$ 50,000
Shares Issued, Price Per Share | $ / shares												$ 1			$ 1
Number of additional restricted common stock shares issued | shares															50,000	50,000
Share-based Payment Arrangement, Expense													$ 77,000		$ 2,717	$ 77,000									$ 2,717								$ 3,264	$ 92,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares															50,000	50,000
Two Consultant [Member] | Consulting Agreement [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares							2,500,000
Stock Issued During Period, Value, Restricted Stock Award, Gross							$ 2,500,000
Shares Issued, Price Per Share | $ / shares																																						$ 1
Amortization																										0		$ 625,000		416,666	$ 833,333
Mr.Chiao [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Equivalent		$ 2,648
Mr.Chiao [Member] | Consulting Agreement [Member] | Business Advisory Services [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Employment agreement term																					2 years
Mr.Chiao [Member] | Consulting Agreement [Member] | Business Development Services [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares		3,000,000	3,000,000
Shares Issued, Price Per Share | $ / shares		$ 0.10
Amortization																										$ 37,500				75,000
Mr.Chiao [Member] | Subsequent Event [Member] | Consulting Agreement [Member] | Business Development Services [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization																																$ 150,000
Two Holders [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Debt Instrument, Face Amount																							$ 400,000
Stock Issued During Period, Shares, Conversion of Convertible Securities | shares																							1,600,000
Stock Issued During Period, Value, New Issues																														$ 1,632,000

SCHEDULE OF OPERATING LEASE MIN

SCHEDULE OF OPERATING LEASE MINIMUM RENT PAYMENTS (Details)	Feb. 28, 2022USD ($)
Product Liability Contingency [Line Items]
2023	$ 257,483
2024	120,431
2025
2026
TAIWAN, PROVINCE OF CHINA
Product Liability Contingency [Line Items]
2023	4,565
2024
2025
2026

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE COSTS, LEASE TERM AND DISCOUNT RATE (Details) - USD ($)	6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost - classified as general and administrative expenses	$ 176,635	$ 150,916
Weighted Average Remaining Lease Term - Operating leases	1 year 5 months 4 days	1 year 3 months 25 days
Weighted Average Discounting Rate - Operating leases	5.42%	5.75%

SCHEDULE OF MATURITIES OF LEASE

SCHEDULE OF MATURITIES OF LEASE LIABILITIES (Details)	Feb. 28, 2022USD ($)
Commitments and Contingencies Disclosure [Abstract]
2023	$ 257,483
2024	120,431
2025
2026
2027
Thereafter
Total undiscounted cash flows	377,914
Less: imputed interest	(52,986)
Present value of lease liabilities	$ 324,928

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021	Aug. 31, 2021
Product Liability Contingency [Line Items]
Payments for Rent	$ 59,758	$ 80,392	$ 148,477	$ 163,404
CHINA
Product Liability Contingency [Line Items]
Severance costs			153,000		$ 129,000
TAIWAN, PROVINCE OF CHINA
Product Liability Contingency [Line Items]
Severance costs			$ 83,000		$ 69,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Mar. 15, 2022	Mar. 31, 2022	Aug. 31, 2021	Feb. 28, 2022
Subsequent Event [Member] | Chin Ping Wang And Chin Nan Wang [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, Conversion of Convertible Securities	1,600,000
Securities Purchase Agreement [Member]
Subsequent Event [Line Items]
Investors purchased total of shares			37,157,535
Common stock price, per share			$ 0.140
Aggregate gross proceeds			$ 5,206,994	$ 1,150,000
Securities Purchase Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Investors purchased total of shares		120,000
Common stock price, per share		$ 0.25
Aggregate gross proceeds		$ 30,000