v3.26.1
NOTE 4 – PROPERTY AND EQUIPMENT
9 Months Ended
May 31, 2026
Property, Plant, and Equipment [Abstract]  
NOTE 4 – PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

The Company capitalized the renovation cost as leasehold improvement and the cost of furniture and appliances as fixed asset. Leasehold improvement relates to renovation and upgrade of the leased office.

 

Depreciation expense was $1,427 and $1,428 for each of the nine months ended May 31, 2026 and 2025.

 

As of May 31, 2026 and August 31, 2025, the balance of property and equipment was as follows:

 

   May 31, 2026  August 31, 2025
Leasehold improvement  $146,304   $146,304 
           
Appliances and furniture   25,974    25,974 
Total cost   172,278    172,278 
Accumulated depreciation   (171,233)   (169,806)
Property and equipment, net  $1,045   $2,472 

 

 

AI ERA CORP. (FORMERLY KNOWN AS AB INTERNATIONAL GROUP CORP.) 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)