DERIVATIVE LIABILITIES (Tables)

3 Months Ended

Nov. 30, 2022

Disclosure Text Block [Abstract]

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

The Company accounts for the embedded conversion features included in its convertible instruments as derivative liabilities. The aggregate fair value of derivative liabilities at November 30, 2022, and August 31, 2022 amounted to $704,812 and $773,676 respectively. At each measurement date, the fair value of the embedded conversion features was based on the lattice binomial method using the following assumptions:

	November 30, 2022			August 31, 2022
Effective Exercise price		0.0065 - 0.01			0.003 - 0.0048
Effective Market price		.013			0.006
Volatility		77	%		96	%
Risk-free interest		4.74	%		0.24	%
Terms	365 days			365 days
Expected dividend rate		0	%		0	%

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Changes in the derivative liabilities during the three-month period ended November 30, 2022 is as follows:

Balance at August 31, 2022	$	281,932
Changes in fair value of derivative liabilities		166,320
Balance, November 30, 2022	$	448,252