XML 35 R13.htm IDEA: XBRL DOCUMENT v3.23.4
DERIVATIVE LIABILITIES
3 Months Ended
Nov. 30, 2023
Disclosure Text Block [Abstract]  
Derivatives and Fair Value [Text Block]

NOTE 7 DERIVATIVE LIABILITIES

 

The Company accounts for the embedded conversion features included in its convertible instruments as derivative liabilities. 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,

2023

   

August 31,

2023

 

Effective Exercise price

    0.0022-0.00352       0.0045  

Effective Market price

    0.0044       0.009  

Volatility

    31.02

%

    40.55

%

Risk-free interest

    5.16

%

    5.18

%

Terms

 

 

365 days    

 

365 days  

Expected dividend rate

    0

%

    0

%

 

Changes in the derivative liabilities during the nine-month period ended November 30, 2023 is as follows:

 

Balance at August 31, 2023

  $ 206,476  

Changes in fair value of derivative liabilities

    166,504  

Balance, November 30, 2023

  $ 372,980