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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
OPERATING ACTIVITIES    
Net income $ 610,778 $ 656,270
Items not involving cash:    
Depreciation and amortization 96,846 105,869
Stock-based compensation 41,675 54,452
Deferred leasehold inducement (4,151) 5,606
Unrealized foreign exchange (1,078) (417)
Loss on disposal of property and equipment   3,734
Changes in non-cash working capital:    
Accounts receivable 63,202 108,367
Other receivables 2,657 3,308
Prepaid expenses and deposits (20,416) (11,499)
Accounts payable 49,570 14,165
Accrued liabilities 927 44,469
Deferred revenue 524 557
Deferred leasehold inducement   45,341
Short term receivable   64,026
Net cash provided by operating activities 840,534 1,094,248
INVESTING ACTIVITIES    
Purchase of property, equipment and intangibles (162,979) (116,540)
Sales (Purchase) of short-term investments 754,600 (1,177,518)
Net cash provided by (used in) investing activities 591,621 (1,294,058)
FINANCING ACTIVITY    
Common stock repurchased for cancellation (2,005)  
Net cash used in financing activity (2,005)  
Effect of foreign exchange rate changes on cash (15,446) (45,712)
Net increase (decrease) in cash and cash equivalents during the year 1,414,704 (245,522)
Cash and cash equivalents, beginning of year 1,097,434 1,342,956
Cash and cash equivalents, end of year 2,512,138 1,097,434
Supplementary disclosure    
Interest paid 0 0
Income taxes paid $ 0 $ 0