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CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2024
Aug. 31, 2023
Aug. 31, 2022
Current assets      
Cash and cash equivalents $ 841,098 $ 492,610 $ 8,077,849
Short-term investments 4,000,000 5,500,000 0
Deferred research and development costs 66,882 56,698 153,799
Prepaid expenses and other current assets 700,332 241,668 87,232
Current assets of discontinued operations 13,026 13,522 43,599
Total current assets 5,621,338 6,304,498 8,362,479
Property and Equipment, net of accumulated depreciation of $125,128 and $110,418, respectively 15,364 1,315,282 1,329,992
Total assets 5,636,702 7,619,780 9,692,471
Current liabilities      
Accounts payable and accrued expenses 133,706 114,092 60,791
Related party payables 90,889 37,025 0
Current liabilities of discontinued operations 134,818 136,109 57,585
Total current liabilities 359,413 287,226 118,376
Total liabilities 359,413 287,226 118,376
Commitments and contingencies
Stockholders' equity      
Preferred stock: $0.10 par value; 1,000,000 shares authorized, no shares issued and outstanding 0 0 0
Common stock: $0.001 par value; 300,000,000 shares authorized, 53,198,399 shares issued and outstanding at August 31, 2023 and 2022 53,198 53,198 53,198
Additional paid-in capital 83,487,342 82,735,384 82,576,002
Accumulated other comprehensive (loss) (74,665) (78,159) (73,631)
Retained deficit (78,188,586) (75,377,869) (72,981,474)
Total stockholders' equity 5,277,289 7,332,554 9,574,095
Total liabilities and stockholders' equity $ 5,636,702 $ 7,619,780 $ 9,692,471