Related Party Transactions	9 Months Ended
May 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 8 - RELATED PARTY TRANSACTIONS Commencing March 2017, the Company has been using office space provided by an affiliate of UBI Blockchain Internet, LTD. (Hong Kong) (“UBI Hong Kong”) at a monthly rent of 22,100 Hong Kong Dollars (approximately $2,818 at the May 31, 2019 exchange rate) per month. For expediency reasons, the Company also uses bank accounts in the name of UBI Hong Kong to collect cash receipts and expend cash disbursements relating to Company operations. UBI Hong Kong owns 30,000,000 shares of the Company’s Class A common stock. During the three and nine months ended May 31, 2019, Tony Liu, chief executive officer of the Company, advanced or paid a total of $557,703 and $1,361,014, respectively, of expenditures on behalf of the Company. As of May 31, 2019, the total principal amount due to Tony Liu was $3,181,634. The amount due to Tony Liu for these expenditures is interest bearing at a rate of 7% per annum. $51,173 and $24,024 interest expense was accrued for the three months ended May 31, 2019 and 2018, respectively. $128,122 and $52,869 interest expense was accrued for the nine months ended May 31, 2019 and 2018, respectively. As of May 31, 2019, accrued interest amounted to $219,091. The advances and related accrued interest are due on demand. Included in accounts payable and accrued liabilities at May 31, 2019 and August 31, 2018 is accrued salary due to Tony Liu, chief executive officer, $51,000 and $62,744, respectively.

Related Party Transactions

9 Months Ended

May 31, 2019

NOTE 8 - RELATED PARTY TRANSACTIONS

Commencing March 2017, the Company has been using office space provided by an affiliate of UBI Blockchain Internet, LTD. (Hong Kong) (“UBI Hong Kong”) at a monthly rent of 22,100 Hong Kong Dollars (approximately $2,818 at the May 31, 2019 exchange rate) per month. For expediency reasons, the Company also uses bank accounts in the name of UBI Hong Kong to collect cash receipts and expend cash disbursements relating to Company operations. UBI Hong Kong owns 30,000,000 shares of the Company’s Class A common stock.

During the three and nine months ended May 31, 2019, Tony Liu, chief executive officer of the Company, advanced or paid a total of $557,703 and $1,361,014, respectively, of expenditures on behalf of the Company. As of May 31, 2019, the total principal amount due to Tony Liu was $3,181,634. The amount due to Tony Liu for these expenditures is interest bearing at a rate of 7% per annum. $51,173 and $24,024 interest expense was accrued for the three months ended May 31, 2019 and 2018, respectively. $128,122 and $52,869 interest expense was accrued for the nine months ended May 31, 2019 and 2018, respectively. As of May 31, 2019, accrued interest amounted to $219,091. The advances and related accrued interest are due on demand.

Included in accounts payable and accrued liabilities at May 31, 2019 and August 31, 2018 is accrued salary due to Tony Liu, chief executive officer, $51,000 and $62,744, respectively.

UBI Blockchain Internet LTD-DE 10-Q