Lease (Tables)

12 Months Ended

Aug. 31, 2019

Notes to Financial Statements

Components of lease expenses

The components of lease expenses were as follows:

	Years Ended August 31,
	2019		2018
Operating lease cost	$	8,888	$	-
Short-term lease costs		-		12,000
Total net lease costs	$	8,888	$	12,000

Supplemental balance sheet information related to Lease

Supplemental balance sheet information related to the Lease is as follows:

	As of August 31, 2019
Operating lease right-of-use asset	$	65,646
Current maturities of operating lease	$	23,169
Non-current operating lease		42,564
Total operating lease liabilities	$	65,733
Weighted Average remaining lease term (in years):		2.9
Discount rate:		5.85	%

Schedule of future lease payments

The Company’s future lease payments, which are presented as current maturities of operating leases and non-current operating leases liabilities on the Company’s balance sheets as of August 31, 2019 are as follows:

	Amount
2020	$	26,400
2021		26,664
2022		18,128
Total lease payments		71,192
Less: Imputed interest		(5,458	)
Total lease obligation		65,733
Less: current lease obligations		23,169
Long term lease obligations	$	42,564