RELATED PARTY TRANSACTIONS	12 Months Ended
Aug. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 3 - RELATED PARTY TRANSACTIONS In connection with a related party promissory note, the Company has an accrued interest obligation as of August 31, 2023, and August 31, 2022 of $201,612 and $160,353, respectively. The note was due on September 1, 2022 and was not paid off due to limited capital. As such, the parties agreed to continue the note at 8% until sufficient funds are available to pay off the loan. As of August 31, 2023, and 2022, the outstanding principal balance was $581,098 and $462,744, respectively. The whole amount is currently classified as current liability on or before March 2024 based on the agreement. The Company utilizes approximately 1,500 square feet of office space in 512 Bayshore Dr, Fort Lauderdale Florida. The space is owned by the President and is provided without charge to the Company. In addition, the Company utilized approximately 1,200 square feet of office space at 4403 Peters Road, Fort Lauderdale, Florida for at a total rental charge of $14,500 for the year ending August 31, 2022. The Company did not utilize the space in 2023. The Company obtained a line of credit from a Delaware Corporation (owned by the former CFO) on November 30, 2020. Total advanced under this line of credit, to include interest, is $13,033 for the year ending August 31, 2023 and $13,033 for the year ending August 31, 2022. The line matured on November 25, 2022 and carries a default interest rate of 17%.

RELATED PARTY TRANSACTIONS

12 Months Ended

Aug. 31, 2023

NOTE 3 - RELATED PARTY TRANSACTIONS

In connection with a related party promissory note, the Company has an accrued interest obligation as of August 31, 2023, and August 31, 2022 of $201,612 and $160,353, respectively. The note was due on September 1, 2022 and was not paid off due to limited capital. As such, the parties agreed to continue the note at 8% until sufficient funds are available to pay off the loan. As of August 31, 2023, and 2022, the outstanding principal balance was $581,098 and $462,744, respectively. The whole amount is currently classified as current liability on or before March 2024 based on the agreement.

The Company utilizes approximately 1,500 square feet of office space in 512 Bayshore Dr, Fort Lauderdale Florida. The space is owned by the President and is provided without charge to the Company. In addition, the Company utilized approximately 1,200 square feet of office space at 4403 Peters Road, Fort Lauderdale, Florida for at a total rental charge of $14,500 for the year ending August 31, 2022. The Company did not utilize the space in 2023.

The Company obtained a line of credit from a Delaware Corporation (owned by the former CFO) on November 30, 2020. Total advanced under this line of credit, to include interest, is $13,033 for the year ending August 31, 2023 and $13,033 for the year ending August 31, 2022. The line matured on November 25, 2022 and carries a default interest rate of 17%.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

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