XML 27 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Aug. 31, 2018
Aug. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (456,410) $ 564,423
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation 546 216
Amortization of debt discount 0 32,083
Change in fair value of derivative liability (16,640) (776,858)
Changes in operating assets and liabilities:    
Accounts receivable (35,876) (12,184)
Prepaid expenses and other current assets 1,010 28
Accounts payable and accrued expenses (674) (23,723)
Accrued interest 78,233 63,286
Accrued compensation 187,513 181,596
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES (242,298) 28,867
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of equipment (1,718) (660)
NET CASH USED IN INVESTING ACTIVITIES (1,718) (660)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loan payable 135,000 0
Proceeds from officers loans payable 118,045 22,851
Payment made for loan payable (65,000) 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 188,045 22,851
NET (DECREASE) INCREASE IN CASH (55,971) 51,058
EFFECT OF VARIATION OF EXCHANGE RATE OF CASH HELD IN FOREIGN CURRENCY 33,826 (314)
CASH - BEGINNING OF YEAR 55,262 4,518
CASH - END OF YEAR 33,117 55,262
Supplemental disclosures of cash flow information:    
Cash paid for interest 0 0
Cash paid for taxes $ 0 $ 0