10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30, 2023

or

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________ to ___________

Commission File Number 000-52205

ASTRA ENERGY, INC.

(Exact name of registrant as specified in its charter)

Nevada	20-3113571
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

9565 Waples Street, Suite 200, San Diego, CA 92121

(Address of principal executive offices) (Zip Code)

1-800-705-2919

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common	ASRE	OTCQB

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒     No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒     No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☒	Emerging growth company	☐
Smaller reporting company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐     No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 80,263,982 common shares issued and outstanding as of January 31, 2024.

ASTRA ENERGY, INC.

FORM 10-Q

For the Quarterly Period Ended November 30, 2023

INDEX

PART I	FINANCIAL INFORMATION		F-1
ITEM 1	Financial Statements (unaudited)		F-1
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		3
ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk		7
ITEM 4.	Controls and Procedures		7
PART II		OTHER INFORMATION	8
ITEM 1.	Legal Proceedings		8
ITEM 1A.	Risk Factors		8
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds		8
ITEM 3.	Defaults Upon Senior Securities		8
ITEM 4.	Mine Safety Disclosures		8
ITEM 5.	Other Information		8
ITEM 6.	Exhibits		9
SIGNATURES			10

2

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

ASTRA ENERGY INC.

INDEX TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheets as of November 30, 2023 (unaudited) and August 31, 2023	F-2
Condensed Consolidated Statements of Operations for the Three Months ended November 30, 2023 and 2022 (unaudited)	F-3
Condensed Consolidated Statements of Stockholders’ Deficit for the Three Months ended November 30, 2023 (unaudited)	F-4
Condensed Consolidated Statements of Cash Flows for the Three Months ended November 30, 2023 and 2022 (unaudited)	F-5
Notes to the Condensed Consolidated Financial Statements (unaudited)	F-6

F-1

ASTRA ENERGY INC. CONDENSED CONSOLIDATED BALANCE SHEETS
	November 30, 2023 (unaudited)			August 31, 2023
ASSETS
Current assets:
Cash	$	13,994		$	23,250
Total current assets		13,994			23,250
Investment (Note 4)		4,410,000			2,725,000
Operating leases, right of use assets (Note 5)		4,818,471			4,818,471
Total Assets	$	9,242,465		$	7,566,721
LIABILITIES & STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	454,674		$	265,917
Accounts payable - related parties (Note 6)		403,200			322,500
Refundable deposits		190,000			190,000
Accrued interest payable		9,543			6,840
Loan payable-related party (Note 7)		93,011			93,011
Note payable (Note 8)		100,000			100,000
Debenture payable (Note 9)		20,000			20,000
Operating lease liability – current portion		127,460			127,460
Total current liabilities		1,397,888			1,125,728
Operating lease liability – net of current portion (Note 5)		4,691,011			4,691,011
Total Liabilities		6,088,899			5,816,739
Commitments and contingencies		—			—
Stockholders' Equity:
Series A Preferred stock, par $0.001, 8,000,000 shares authorized; 7,774 shares issued and outstanding		8			8
Series B Preferred stock, par $0.0001, 100,000 shares authorized; 207 shares issued and outstanding		—			—
Series C Preferred stock, par $0.001, 1,000,000 shares authorized; 747,870 shares issued and outstanding		748			748
Series D Preferred stock, par $0.001, 380,000 shares authorized; 304,558 shares issued and outstanding		305			305
Series A1 Preferred stock, par $0.001, 1 share authorized; no shares issued and outstanding, respectively		—			—
Common stock, $0.001 par value; 100,000,000 shares authorized; 72,763,982 and 67,638,982 shares issued and outstanding, respectively.		72,764			67,639
Stock subscriptions receivable		(5,000	)		(5,000	)
Common stock to be issued		-			-
Additional paid-in capital		56,055,812			54,341,562
Accumulated deficit		(52,971,071	)		(52,655,280	)
Total Stockholders’ Equity		3,153,566			1,749,982
Total Liabilities and Stockholders’ Equity	$	9,242,465		$	7,566,721

F-2

ASTRA ENERGY INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
	For the Three Months Ended November 30,
	2023			2022
Operating Expenses:
General and administrative	$	40,335		$	48,022
Business development		153,145			271,941
Consulting - related party		-			960
Executive compensation		79,500			933,000
Stock compensation-consulting		34,375			347,500
Total operating expenses		307,355			1,601,423
Loss from operations		(307,355	)		(1,601,423	)
Other Expense:
Foreign exchange		(5,733	)		400
Interest expense		(2,703	)		(2,216	)
Total other expense		(8,436	)		(1,816	)
Loss before provision for income taxes		(315,791	)		(1,603,239	)
Provision for income taxes		—			—
Net Loss	$	(315,791	)	$	(1,603,239	)
Net loss per share, basic and diluted	$	(0.004	)	$	(0.03	)
Weighted average shares outstanding, basic and diluted		68,109,600			62,883,727
The accompanying notes are an integral part of these unaudited consolidated financial statements.

F-3

ASTRA ENERGY INC. CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY FOR THE YEARS ENDED NOVEMBER 30, 2023 AND 2022 (Unaudited)
	Series A Preferred			Series A1 Preferred			Series B Preferred			Series C Preferred			Series D Preferred			Common Stock			Common Stock to Be		Stock Subscription			Additional Paid-In		Accumulated
	Shares		Amount	Shares		Amount	Shares		Amount	Shares		Amount	Shares	Amount		Shares		Amount	Issued		Receivable			Capital		Deficit			Total
Balance, August 31, 2023	7,774	$	8	1	$	-	207	$	-	747,870	$	748	304,558	$	305	67,638,982	$	67,639	-	$	(5,000	)	$	54,341,562	$	(52,655,280	)		1,749,982
Common stock issued for services	-		-	-		-	-		-	-		-	-		-	125,000		125	-		-			34,250		-			34,375
Common stock issued for acquisitions	-		-	-		-	-		-	-		-	-		-	5,000,000		5,000	-		-			1,680,000		-			1,685,000
Net loss	-		-	-		-	-		-	-		-	-		-	-		-	-		-			-		(315,791	)		(315,791	)
Balance, November 30, 2023	7,774	$	8	1	$	-	207	$	-	747,870	$	748	304,558	$	305	72,763,982	$	72,764	-	$	(5,000	)	$	56,055,812	$	(52,971,071	)	$	3,153,566

	Series A Preferred			Series A1 Preferred			Series B Preferred			Series C Preferred			Series D Preferred			Common Stock				Common Stock to Be			Stock Subscription			Additional Paid-In		Accumulated
	Shares		Amount	Shares		Amount	Shares		Amount	Shares		Amount	Shares		Amount	Shares		Amount		Issued			Receivable			Capital		Deficit			Total
Balance, August 31, 2022	15,774	$	16	1	$	-	207	$	-	747,870	$	748	304,558	$	305	50,355,540	$	50,356	$	20,000		$	(5,000	)	$	42,104,418	$	(42,224,735	)	$	(53,900	)
Common stock issued for Services - related party	-		-	-		-	-		-	-		-	-		-	350,000		350		-			-			848,150		-			848,500
Common stock issued for services	-		-	-		-	-		-	-		-	-		-	350,000		350		-			-			347,150		-			347,150
Common stock issued for acquisitions	-		-	-		-	-		-	-		-	-		-	7,650,000		7,650		-			-			8,822,350		-			8,830,000
Common stock issued for cash	-		-	-		-	-		-	-		-	-		-	569,000		569		(20,000	)		-			283,931		-			264,500
Net loss	-		-	-		-	-		-	-		-	-		-	-		-		-			-			-		(1,603,239	)		(1,603,239	)
Balance, November 30, 2022	15,774	$	16	1	$	-	207	$	-	747,870	$	748	304,558	$	305	59,274,500	$	59,275	$	-		$	(5,000	)	$	52,404,999	$	(43,937,974	)	$	(8,633,011	)

The accompanying notes are an integral part of these unaudited consolidated financial statements.

F-4

ASTRA ENERGY INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
	For the Three Months Ended November 30,
	2023			2022
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$	(315,791	)	$	(1,603,239	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation		34,375			347,500
Executive stock compensation		-			848,500
Changes in assets and liabilities:
Agreement receivable		-			5,135
Accounts payable and accruals		191,460			16,870
Accounts payable – related party		80,700			(21,500	)
Due to related party		-			(50,060	)
Net Cash Used in Operating Activities		(9,256	)		(456,794	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of shares		-			264,500
Net Cash Provided by Financing Activities		-			264,500
Net Change in Cash		(9,256	)		(192,294	)
Cash at Beginning of Period		23,250			198,899
Cash at End of Period	$	13,994		$	6,605
Supplemental disclosure of non-cash investing activity:
Common stock issued for investment	$	1,685,000		$	2,725,000
The accompanying notes are an integral part of these unaudited consolidated financial statements.

F-5

ASTRA ENERGY INC.

Notes to the Condensed Consolidated Financial Statements

November 30, 2023

(Unaudited)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Astra Energy, Inc. (the “Company”, “Astra”), was incorporated in the State of Nevada on June 12, 2000.

A Certificate of Amendment was filed on August 22, 2020 with the Nevada Secretary of State changing the name of the Company to Astra Energy, Inc.

The Company is an emerging leader in the acquisition and development of technology in the Waste-to-Energy project sector.

On October 17, 2019, there was an order by the Eight Judicial District Court of Clark County Nevada appointing a Custodian to the Company. The custodianship was discharged on June 18, 2020.

On September 15, 2021, the Company affected a forward stock split of 3 for 1 which was approved by the Financial Industry Regulatory Authority (“FINRA”). All shares throughout these statements reflect the forward split.

On September 21, 2021, the Company incorporated a wholly owned subsidiary in Uganda called Astra Energy Africa - SMC Limited.

On October 12, 2021, the Company incorporated a majority owned subsidiary in Uganda called Astra Energy Services Limited. The Company is owned 80% by Astra Energy Inc. and 20% by Ssingo Oils and Gas - SMC Limited of Mityana, Uganda.

On November 15, 2021, the Company incorporated a wholly owned subsidiary in the State of California called Astra Energy California, Inc. On October 26, 2023, the name of the subsidiary was changed to Astra Biofuels Inc.

On December 22, 2021, the Company incorporated a subsidiary in Tanzania called Astra Energy Tanzania Limited. The Company is owned 80% by Astra Energy Inc. and 20% by Kiluwa Group of Companies Limited of Kinondoni, Tanzania.

On August 17, 2022, the Company incorporated a wholly owned subsidiary in the State of Florida called Astra Holcomb Energy Systems Inc.

On October 27, 2022, the Company acquired 50% of the outstanding shares of Astra-Holcomb Energy Systems LLC., a Delaware entity, in exchange for 5 million shares of the Company’s common stock. Astra-Holcomb Energy Systems LLC holds the exclusive rights to manufacture and distribute the patented Holcomb Energy System In-Line Power Generator. There are no other assets and no liabilities in Astra-Holcomb Energy Systems LLC.

As at August 31, 2023, the Company has acquired a 28% interest in Regreen Technologies, Inc. in exchange for 7,759,442 common shares of the Company.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending August 31, 2024. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended August 31, 2023.

F-6

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.

Principles of Consolidation

These financial statements include the accounts of the Company and its subsidiaries. Subsidiaries are all entities (including structured entities) which the Company controls. For accounting purposes, control is established by an investor when it is exposed to, or has rights to, variable returns from its involvement with the entity and when it can affect those returns through its power over the entity. All inter-company balances and transactions are eliminated upon consolidation.

Cash and Cash Equivalents

The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no cash equivalents as of November 30, 2023 and 2022.

Inventory

Inventory is carried at the lower of cost or net realizable value, with the cost being determined on a first-in, first-out (FIFO) basis. The Company periodically reviews physical inventory and will record a reserve for excess and/or obsolete inventory if necessary.  

Leases

In February, 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. The Company determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, most of the Company’s leases do not provide a readily determinable implicit rate. Therefore, the Company must discount lease payments based on an estimate of its incremental borrowing rate which is based on the interest rate of similar debt outstanding. The Company uses a discount rate of 10% per annum which is the same rate of interest being paid on a current outstanding loan.

Stock-based Compensation

We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation – Stock Compensation” (Topic 718), which establishes that equity-based payments to employees and non-employees are recorded at the grant date the fair value of the equity instruments the entity is obligated to issue when the employees and non-employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. Topic 718 also states that observable market prices of identical or similar equity or liability instruments in active markets are the best evidence of fair value and, if available, should be used as the basis for the measurement for equity and liability instruments awarded in these share-based payment transactions. However, if observable market prices of identical or similar equity or liability instruments are not available, the fair value shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in FASB ASC Topic 718.

Revenue Recognition

The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps:

· Identification of a contract with a customer;

· Identification of the performance obligations in the contract;

· Determination of the transaction price;

· Allocation of the transaction price to the performance obligations in the contract; and

· Recognition of revenue when or as the performance obligations are satisfied.

Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less.

F-7

Net income (loss) per common share

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.  Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.  Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period.  The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. For the quarter ended November 30, 2023, the Company has 7,774 potentially dilutive shares from Series A preferred stock and 304,558 potentially dilutive shares from the Series D preferred stock and 20,000 potentially dilutive common shares relating to the Convertible Debenture, and 1,574,000 warrants which are convertible at $1.00 per share into 1,574,000 common shares Any potentially dilutive shares have not been included due to their anti-dilutive effect, as the Company as a net loss.

	2023			2022
Net Loss	$	(315,791	)	$	(1,603,239	)
Weighted average shares outstanding, basic and diluted		68,109,600			62,883,727
Net loss per share, basic and diluted	$	(0.004	)	$	(0.025	)

The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented.

Fair Value Measurements

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below:

Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly.

Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates.

Level 3: Level 3 inputs are unobservable inputs.

Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 3 – GOING CONCERN

As reflected in the accompanying financial statements, the Company has an accumulated deficit of $52,971,071 as of November 30, 2023, and no revenue. These factors raise substantial doubt about its ability to continue as a going concern. The financial statements have been prepared assuming that the Company will continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

In order to continue as a going concern, the Company is planning to secure its financial capital in various ways. It will finance its operations initially through shareholder loans from the principals and through private placement investment offerings. The Company may decide to finance its project development stage by way of an equity offering by issuing shares or by engaging venture capital firms that invest in early-stage companies. Venture capital firms August do more than just supply money to small new opportunities. They can also provide advice on potential products, customers, and key employees. 

The company will also look to develop a relationship with a bank or banks with the intention of demonstrating a track record of progress and building value and securing some form of financing in the future. Once Astra Energy Inc. has a record of at least earning significant revenues, and better still of earning profits, the firm can make a credible promise to pay interest, and so it becomes possible for the firm to borrow money. Firms have two main methods of borrowing: banks and bonds.

 If Astra Energy is earning profits (their revenues are greater than costs), the Company can choose to reinvest some of these profits in equipment, structures, and research and development. For many established companies, reinvesting their own profits is one primary source of financial capital. 

Another source of financial capital that will be considered at the project development stage of a specific project is a bond. A bond is a financial contract: a borrower agrees to repay the amount that was borrowed and also a rate of interest over a period of time in the future. A corporate bond is issued by firms, but bonds are also issued by various levels of government. For example, a municipal bond is issued by cities, a state bond by U.S. states, and a Treasury bond by the federal government through the U.S. Department of the Treasury. A bond specifies an amount that will be borrowed, the interest rate that will be paid, and the time until repayment. Given the nature of the renewable industry regarding long term power purchase agreements or offtake agreements bonds are a very cost effective and reliable method of funding projects. 

F-8

NOTE 4 - INVESTMENT

The investment of $4,410,000 relates to the acquisition of 50% of the outstanding shares of Astra-Holcomb Energy Systems LLC., a Delaware entity, in exchange for 5 million shares of the Company’s common stock and the acquisition of the exclusive global manufacturing and distribution rights for the Holcomb In-Line Power Generator in exchange for 5 million shares of the Company’s common stock. The value of the acquisitions was based on the closing stock price of the Company’s shares on the effective dates of the agreements. Astra-Holcomb Energy Systems LLC holds the exclusive rights to manufacture and distribute the patented Holcomb Energy System In-Line Power Generator. There are no other assets and no liabilities in Astra-Holcomb Energy Systems LLC. There was no impact to the results of operations for the year ended November, 2023, as the Company only issued common stock. The valuation of the investment is based on deemed value of patents, the size of the potential market for the technology and numerous expressions of interest to purchase product. If the Company fails to raise the necessary capital to set up manufacturing and distribution, this investment would be at risk and would become subject to impairment in full.

NOTE 5 - OPERATING LEASES

The value of these leases is based primarily on engineering studies and letters from government agencies accepting preliminary studies for the installation of renewable energy sources and the provision of Power Purchase Agreements. If the Company fails to raise the necessary capital for the installations of energy and does not receive the Power Purchase Agreements, the total value of these leases would be subject to impairment in full.

On May 10, 2023, Astra Energy Zanzibar Limited entered into a Lease Agreement with Revolutionary Government of Zanzibar, for 3.457 Hectares (approximately 8.5 acres) of land at Kibele South Region of Unguja. The term of the lease is 33 years with yearly lease payments of $6,914 payable on or before December 1^st of each year.

On May 10, 2023, Astra Energy Zanzibar Limited entered into a Lease Agreement with Revolutionary Government of Zanzibar, for 80.35 Hectares (approximately 198.5 acres) of land at Kibele South Region of Unguja. The term of the lease is 33 years with yearly lease payments of $160,700 payable on or before December 1^st of each year.

	Balance Sheet Classification	November 30, 2023
Asset
Operating lease asset	Right of use asset	$	4,818,471
Total lease asset		$	4,818,471
Liability
Operating lease liability – current portion	Current operating lease liability	$	127,460
Operating lease liability – noncurrent portion	Long-term operating lease liability		4,691,011
Total lease liability		$	4,818,471

NOTE 6 – OTHER RELATED PARTY TRANSACTIONS

As of November 30, 2023, the Company owes $34,000 (August 31, 2023 - $34,000) to the CEO for cash advanced to the Company for working capital. The debt is unsecured, non-interest bearing and has no terms of repayment.

As of November 30, 2023, the Company owes $11,750 (August 31, 2023 - $9,750) to the CEO of a wholly-owned subsidiary for cash advanced to the Company for working capital. The debt is unsecured, non-interest bearing and has no terms of repayment.

During the quarter ended November 30, 2023, the Company accrued $30,000 in fees to the CEO of the Company. The Company owes $120,000 to the CEO at November 30, 2023 ($90,000 – August 31, 2023).

During the quarter ended November 30, 2023, the Company accrued $15,000 in fees to the President. The Company owes $101,500 to the President at November 30, 2023 ($86,500 – August 31, 2023).

During the quarter ended November 30, 2023, the Company accrued $22,500 in fees to the CEO of a wholly owned subsidiary. The Company owes $102,500 to the CEO at November 30, 2023 ($80,000 – August 31, 2023).

During the quarter ended November 30, 2023, the Company accrued $6,000 in fees to the Chief Financial Officer. The Company owes $16,750 to the Chief Financial Officer at November 30, 2023 ($10,750 – August 31, 2023).

During the quarter ended November 30, 2023, the Company accrued $6,000 in fees to the Corporate Secretary. The Company owes $17,500 to the Corporate Secretary at November 30, 2023 ($11,500 – August 31, 2023).

F-9

NOTE 7 - LOAN PAYABLE-RELATED PARTY

As of November 30, 2023, the Company owes $93,011 (August 31, 2023 - $93,011) to the CEO for cash advanced to the Company for repayment of debt. The loan is unsecured, non-interest bearing and has no terms of repayment.

NOTE 8 - NOTE PAYABLE

On February 16, 2023, the Company entered into a Loan agreement, wherein the Company promised to pay TTII Strategic Acquisitions & Equity, Inc. $100,000 with interest of 10% per annum on or before February 16, 2024. The loan is secured by a patent held by Regreen Technologies, Inc. As of November 30, 2023, the Company owed the lender $100,000 (August 31, 2023 - $100,000) plus accrued interest of $7,863 (August 31, 2023 - $5,370)

NOTE 9 – DEBENTURE PAYABLE

On January 11, 2022, the Company entered into a Convertible Debenture agreement, wherein the Company promised to pay the Holders $20,000 with interest of 8% per annum on or before January 11, 2024. The Holders have the right to convert any time within 2 years with a conversion price of $1.00 per share subject to adjustments as set out in the Debenture. As of November 30, 2023, there was $1,680 (August 31, 2023 - $1,470) interest owing to the Holders.

F-10

NOTE 10 – PREFERRED STOCK

Series A Convertible Preferred

The Series A Convertible Preferred have a conversion rate of $0.75 per share and voting rights on an as converted basis. The holders of record of shares of Series A Preferred Stock are entitled to receive, out of any assets at the time legally available therefor and when and as declared by the Board of Directors, dividends at the rate of 8% per annum in shares of our common stock. On January 19, 2022, 8,000 shares of Series A Preferred Stock were cancelled.  The shares were cancelled at the direction of the holder of the Series A Preferred Stock.  Subsequent to the cancellation, 7,774 shares of Series A Preferred Stock remain outstanding.

Series A1 Preferred

On April 24, 2020, the Company created and filed a Certificate of Designation for one share of Series A1 Preferred Stock, par value $0.0001. On January 21, 2022, the board of directors of the Company changed the designation of Series A1 by eliminating its conversion and voting rights. On January 13, 2022, the Company and the sole shareholder of the Series A1 Preferred share entered into a share cancellation agreement, whereby, the sole shareholder of the Series A1 Preferred Shares agreed to the cancellation of the one share of Series A1 Preferred Shares issued and outstanding.

Series B Preferred

The Company has authorized 207 shares of Series B Preferred Stock. The conversion rights of Series Preferred B were required to be exercised within 5 years. The conversion rights have expired without any of the shares being converted. Series B shares are not entitled to dividends or liquidation preferences and have no voting rights.

Series C Preferred

The Company has authorized 1,000,000 shares of Series C Preferred Stock. Each share of Series C is convertible into one fully paid and nonassessable share of our common stock at an initial conversion price of $1.20, subject to adjustment. The conversion rights of Series Preferred C were required to be exercised within 5 years. The conversion rights have expired without any of the shares being converted.

Series D Preferred

The Company has authorized 380,000 shares of Series D Preferred Stock, which ranks junior to our Series A, Series B and Series C Convertible Preferred Stock, but senior to our common stock. Except with respect to specified transactions that August affect the rights, preferences, privileges or voting power of the Series D Preferred Shares and except as otherwise required by Nevada law, the Series D Preferred Shares have no voting rights. At any time on or after the issuance date, the holder of any Series D Preferred Shares August, at the holder’s option, elect to convert all or any portion of the Series D Preferred Shares held by such person into a number of fully paid and nonassessable shares of common stock equal to the quotient of (i) the stated value ($40.00 per share) of the Series D Preferred Shares being converted divided by (ii) the conversion price, which initially is $0.80 per share, subject to certain adjustments.

In the event of our liquidation, dissolution or winding up, the holders shall be entitled to receive, out of the assets of the Company available for distribution, an amount equal to the Liquidation Preference Amount which is the product of the stocks Stated Value of $40.00 per share plus 120% before any payment or distribution of assets to the holders of Common Stock or any other Junior Stock.  

NOTE 11 – COMMON STOCK

During the quarter ended November 30, 2023 the Company issued 125,000 common shares at a price of $0.275 per share in exchange for services for total non-cash compensation of $34,375. The shares were valued based on the closing stock price on the effective date of the agreement.

During the quarter ended November 30, 2023 the Company issued 5,000,000 common shares at a price of $0.337 per share in exchange for exclusive global manufacturing and distribution rights to the Holcomb In-Line Power Generator. The shares were valued based on the closing price at the effective date of agreement.

F-11

NOTE 12 – STOCK SUBSCRIPTIONS RECEIVABLE

During the year ended August 31, 2022, the Company issued 10,000 common shares pursuant to a Share Subscription Agreement in exchange for $5,000. The shares are included in the total number of shares issued and outstanding at November 30, 2023.

NOTE 13 – WARRANTS

As of November 30, 2023, there are 1,574,000 outstanding warrants. One warrant can be exercised to purchase one share of the Company’s common stock at $1.00 per share.

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contract Term		Intrinsic Value
Outstanding, August 31, 2022		2,326,000		$	1.00		1.51
Issued		529,000		$	1.00		2.00
Cancelled or expired		—		$	—		—
Exercised		—		$	—		—
Outstanding, August 31, 2023		2,855,000		$	1.00		0.56	$	—
Issued		—		$	—		—
Cancelled or expired		(1,281,000	)	$	—		—
Exercised		—		$	—		—
Outstanding, November 30, 2023		1,574,000		$	1.00		0.65	$	—

NOTE 14 – SUBSEQUENT EVENTS

No events occurring through to January 31, 2024.

F-12

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

FORWARD-LOOKING STATEMENTS

The information set forth in this section contains certain “forward-looking statements,” including, among other things, (i) expected changes in our revenues and profitability, (ii) prospective business opportunities, and (iii) our strategy for financing our business. Forward-looking statements are statements other than historical information or statements of current condition. Some forward-looking statements may be identified by use of terms such as “believes,” “anticipates,” “intends,” or “expects.” These forward-looking statements relate to our plans, objectives and expectations for future operations. Although we believe that our expectations with respect to the forward-looking statements are based upon reasonable assumptions within the bounds of our knowledge of our business and operations, in light of the risks and uncertainties inherent in all future projections, the inclusion of forward-looking statements in this report should not be regarded as a representation by us or any other person that our objectives or plans will be achieved. Unless otherwise specified in this quarterly report, all dollar amounts are expressed in United States dollars and all references to “common stock” refer to shares of our common stock. As used in this quarterly report, the terms “we”, “us”, “our” and “our company” mean Astra Energy, Inc. and our subsidiaries, Astra Energy Africa - SMC Limited, Astra Energy Services Limited, Astra Energy California, Inc. and Astra Energy Tanzania Limited, unless otherwise indicated.

Corporate Overview

Astra Energy, Inc. (the “Company”, “Astra”), was incorporated in the State of Nevada on June 12, 2000.

A Certificate of Amendment was filed on August 22, 2020 with the Nevada Secretary of State changing the name of the Company to Astra Energy, Inc.

The Company is an emerging leader in the acquisition and development of technology in the Waste-to-Energy project sector.

On October 17, 2019, there was an order by the Eight Judicial District Court of Clark County Nevada appointing a Custodian to the Company. The custodianship was discharged on June 18, 2020.

On September 15, 2021, the Company affected a forward stock split of 3 for 1 which was approved by the Financial Industry Regulatory Authority (“FINRA”). All shares throughout these statements reflect the forward split.

On September 21, 2021, the Company incorporated a wholly owned subsidiary in Uganda called Astra Energy Africa - SMC Limited.

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On October 12, 2021, the Company incorporated a wholly owned subsidiary in Uganda called Astra Energy Services Limited. The Company is owned 80% by Astra Energy Inc. and 20% by Ssingo Oils and Gas - SMC Limited of Mityana, Uganda.

On November 15, 2021, the Company incorporated a wholly owned subsidiary in the State of California called Astra Energy California, Inc.

On December 22, 2021, the Company incorporated a subsidiary in Tanzania called Astra Energy Tanzania Limited. The Company is owned 80% by Astra Energy Inc. and 20% by Kiluwa Group of Companies Limited of Kinondoni, Tanzania.

On August 5, 2022, the Company entered into an agreement to acquire a 68.2% interest in Regreen Technologies Inc. (“Regreen”), a California corporation, in exchange for 10,000,000 shares of the Company’s common stock and an agreement to pay $250,000 in cash. Regreen is in the business of converting organic and solid waste material into marketable bio-products utilizing its patented series of equipment and processes.

On August 17, 2022, the Company entered into an agreement to acquire an additional 8.7% interest in Regreen in exchange for 1,300,000 shares of the Company’s common stock and an agreement to pay $400,000 in cash.

On August 17, 2022, the Company incorporated a wholly owned subsidiary in the State of Florida called Astra Holcomb Energy Systems Inc.

On September 19, 2022, the Company acquired a 3.1% interest in Regreen in exchange for 2,750,000 shares of the Company’s common stock.

On October 27, 2022, the Company acquired 50% of the outstanding shares of Astra-Holcomb Energy Systems LLC., a Delaware entity, in exchange for 5 million shares of the Company’s common stock. Astra-Holcomb Energy Systems LLC holds the exclusive rights to manufacture and distribute the patented Holcomb Energy System In-Line Power Generator. There are no other assets and no liabilities in Astra-Holcomb Energy Systems LLC.

As at August 31, 2023, the Company has acquired a 28% interest in Regreen Technologies, Inc. in exchange for 7,759,442 common shares of the Company.

On September 24, 2023, the Company acquired the exclusive global manufacturing and distribution rights for the Holcomb In-Line Power Generator in exchange for 5 million common shares of the Company.

Business Operations

Astra Energy is an emerging company in the waste management industry and the electricity and power generation sectors with a focus on energy production from solar, waste conversion and clean burning fuels. The Company strives to advance clean energy initiatives globally while delivering measurable benefits to communities and value to our investors by investing in and developing renewable and clean energy projects in markets where demand is high and supply is limited.

CLEAN ENERGY PROJECTS:

Astra Energy in concert with the government of Tanzania is advancing a 350MW (Megawatt) Combined Cycle Gas Power Plant project. The government of Tanzania provided a positive response to the expression of interest, and they have requested a technical proposal or Project Feasibility Report. Astra is applying for Advocacy support for this project from the US Mission in Tanzania. The Company is currently in discussions to acquire land and is looking at an existing 350MW Combined Cycle Gas Power Plant (the “Plant”).

4

Astra is in continuing discussions to secure both a Power Purchase Agreement and a gas supply agreement with the Tanzania Petroleum Development Corporation for the natural gas required to fuel the Plant. Once these agreements are executed, the Company will seek an equity partner for the project and debt financing to build out the project. 

Astra Energy is advancing a "Clean Energy Park" on the island of Zanzibar which includes a 42.5MW solar farm combined with a waste to energy system to convert 15 tons of municipal solid waste per hour into 7.5MW/hour of electric power and battery storage. The project will enable the island to dispose of all its garbage, thereby avoiding the need for a garbage landfill. Landfills are major generators of methane, a major greenhouse gas that is responsible for global warming. 

The Prefeasibility Report has been completed and there are continuing discussions with the island government regarding the Power Purchase Agreement to feed the power into the grid network. Over 200 acres of land has been secured by Astra on a long-term lease basis.  

The island of Zanzibar is a semi-autonomous territory of Tanzania in the Indian ocean. Electric power to the island is currently provided using two 100MW submarine cables from mainland Tanzania. These cables are now at capacity. The island wishes to have an independent power supply. Therefore, the immediate need for an additional 50MW of power in less than two years. 

POWER GENERATION TECHNOLOGY:

In October 2022, the Company entered into a Joint Venture with Holcomb Scientific Research Ltd. (“HSR”) to manufacture and distribute the innovative and patent protected Holcomb Inline Power Generator (ILPG) for homes, commercial applications, solar projects, electric vehicles, large power scale power plants, and many more applications. On September 22, 2023, Astra entered into an Exclusive Worldwide Manufacturing License Agreement with Holcomb Energy Systems. Holcomb owns a license for certain intellectual property rights licensed to it by Holcomb Scientific Research Ltd., relating to power generation, including the Holcomb Energy System In-Line Power Generator and Self-Sustaining Power Plant worldwide.  Pursuant to the Agreement, Holcomb has agreed to sublicense the intellectual property to the Company.

HSR is a Research and Development company that has created the patent-protected Holcomb Energy System, a scientific breakthrough in clean energy generation. The HES utilizes the natural energy produced by the electron spin in the iron atom, converting it into usable electricity while requiring no fuel, releasing zero carbon emissions, and having no moving parts - therefore running completely silent.

WASTE TO ENERGY TECHNOLOGY 

Regreen Technologies Inc. (“Regreen”), a related, California-based “zero emissions” clean energy company. Regreen is involved in research and development of the science of converting municipal solid waste (MSW) and organic waste into “zero emission” marketable commodities, such as clean electricity, biofuels, animal feeds, fertilizers, organic pesticides, and reclaimed water purification. 

Results of Operations

Three Months Ended November 30, 2023 Compared to the Three Months Ended November 30, 2022

Revenues

We had no revenue for the three months ended November 30, 2023 and 2022.

Operating Expenses

General and Administrative

General and administrative expenses decreased to $40,335 from $48,022 for the three months ended November 30, 2023, and 2022, respectively primarily in legal expenses, transfer agent fees in general administrative costs.

5

Business Development

Business development expenses decreased to $153,145 from $271,941 for the three months ended November 30, 2023, and 2022, respectively primarily in travel and consulting fees. There has been delays in the projects being developed which has reduced development costs related to those projects.

Executive compensation

Executive compensation expenses decreased to $79,500 from $933,000 for the three months ended November 30, 2023, and 2022, respectively primarily due to a reduction in stock compensation for executives for services rendered.  

Stock Compensation

Stock compensation-consulting expenses decreased to $34,375 from $347,500 for the three months ended November 30, 2023, and 2022, respectively, primarily due to a reduction in stock compensation for services rendered by advisors, consultants and other non-related parties.

Liquidity and Capital Resources

Currently, we have limited operating capital. Our current capital and our other existing resources will not be sufficient to provide the working capital needed for our current business. Additional capital will be required to meet our debt obligations, and to further expand our business. We may be unable to obtain the additional capital required. Our inability to generate capital or raise additional funds when required will have a negative impact on our business development and financial results.

For the three months ended November 30, 2023, we primarily funded our business operations from cash advances made to the Company by officers and directors of the Company. As of November 30, 2023, we had a working capital deficit of $1,383,894.

6

Cash Flow Activity

For the three months ended November 30, 2023, $9,256 was used by operations (November 30, 2022 - $456,794).

For the three months ended November 30, 2023, we received $0 (November 30, 2022 - $264,500) in financing activities.

With our current cash balance will be unable to sustain operations for the next twelve months. We need to raise additional funds by issuing new debt or equity securities or otherwise. If we fail to raise sufficient capital when needed, we will not be able to complete our business plan. We are a development stage company and have generated limited revenue to date. The future of our Company is dependent upon its ability to obtain financing and upon future profitable operations.

We estimate that our operating expenses over the next 12 months will be approximately $600,000. This estimate may change significantly depending on the ability to raise capital from shareholders or other sources.

We anticipate continuing to rely on equity sales and grants of our common stock in order to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned business activities. We presently do not have any arrangements for additional financing and no potential lines of credit or sources of financing are currently available for the purpose of proceeding with our plan of operations.

Critical Accounting Policies

Refer to Note 2 of the Financial Statements for a summary of our significant accounting policies.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our president and chief financial officer to allow for timely decisions regarding required disclosure.

As of November 30, 2023, we carried out an evaluation, under the supervision and with the participation of our president and chief financial officer of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president and chief financial officer concluded that our disclosure controls and procedures were not effective in providing reasonable assurance in the reliability of our corporate reporting as of the end of the period covered by this quarterly report due to certain deficiencies that existed in the design or operation of our internal controls over financial reporting and that may be considered to be material weaknesses. The material weaknesses included weaknesses in procedures for control evaluation, a lack of an audit committee, insufficient documentation of review procedures, and insufficient information technology procedures.

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended November 30, 2023 that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

7

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We know of no material existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

Item 1A. Risk Factors

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

During the quarter ended November 30, 2023 the Company issued 125,000 common shares at a price of $0.275 per share in exchange for services for total non-cash compensation of $34,375. The shares were valued based on the closing stock price on the effective date of the agreement.

During the quarter ended November 30, 2023 the Company issued 5,000,000 common shares at a price of $0.337 per share in exchange for exclusive global manufacturing and distribution rights to the Holcomb In-Line Power Generator. The shares were valued based on the closing price at the effective date of agreement.

In issuing these shares the Company relied on the exemption afforded by Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine safety Disclosures

None.

Item 5. Other Information

None.

8

Item 6. Exhibits

		Incorporated by Reference			Filed
Exhibit No.	Exhibit Description	Form	Exhibit	Filing Date	Herewith
3.1	Articles of Incorporation	10-KSB	3.1	12/14/2005
3.2	Amended and Restated Bylaws	8-K	3.1	08/16/2005
3.3	Amendment to Articles of Incorporation	10-KSB	3.1	11/28/2006
3.4	Amendment to the Articles of Incorporation indicating name change and forward stock split	8-K	3.1	09/15/2021
4.1	Form of Certificate of Designation of Rights and Preferences of Series A Convertible Preferred Stock	8-K	10.3	04/14/2006
4.2	Form of Certificate of Designation of Rights and Preferences of Series B Convertible Preferred Stock	8-K	10.3	01/18/2007
4.3	Form of Certificate of Designation of Rights and Preferences of Series C Convertible Preferred Stock	8-K	10.3	11/07/2007
4.4	Form of Certificate of Designation of Rights and Preferences of Series D Convertible Preferred Stock	8-K	10.3	05/30/2008
4.5	Certificate, Amendment or Withdrawal of Designation filed with the Nevada Secretary of State on January 21, 2022.	8-K	4.16	02/03/2022
10.1	Exclusive Technology Licensing and Distribution Agreement for the Island of Jamaica dated February 24, 2021.	8-K	10.1	03/17/2021
10.2	Sale and Purchase Agreement for the Country of Jamaica dated March 5, 2021	8-K	10.2	03/17/2021
10.3	Exclusive Technology Licensing and Distribution Agreement for the Province of Alberta dated March 1, 2021	8-K	10.3	03/17/2021
10.4	Sale and Purchase Agreement for the Province of Alberta dated March 5, 2021	8-K	10.4	03/17/2021
10.5	Effective November 1, 2021, the Company entered into an Exclusive Licensing Agreement and Promissory Note with Corporate Guarantee with Albert Mardikian, Regreen Technologies Inc. and Global Sustainable Technologies Inc.	8-K	10.1	11/15/2021
10.6	Employment Agreement with Kermit Harris naming him President of the Registrant dated October 1, 2020,	S-1	10.6	03/03/2022
10.7	Service Agreement with Lisa Thompson as corporate Secretary dated October 3, 2020	S-1	10.7	03/03/2022
10.8	Consulting Agreement with Heidi Thomasen dated January 1, 2021	S-1	10.8	03/03/2022
10.9	Agreement with Rachel Boulds, CPA as contracted Chief Financial Officer dated January 16, 2021	S-1	10.9	03/03/2022
10.10	Agreement with Dan Claycamp appointing him as Chief Operating Officer dated February 1, 2021	S-1	10.10	03/03/2022
10.11	Stock Cancellation Agreement dated January 13, 2022	8-K	10.12	02/03/2022
10.12	Loan/Convertible Debenture dated January 11, 2022	S-1	10.12	06/02/2022
10.13	Uganda Investment Authority Investment License dated November 5, 2021	S-1	10.13	06/02/2022
10.14	Supply and Installation Contract for Green Hygienics Holdings Inc. dated January 12, 2022	S-1	10.14	06/02/2022
10.15	Common Stock Purchase Agreement between the Company and Albert Mardikian	8-K	10.1	08/10/2022
10.16	Addendum to Common Stock Purchase Agreement	8-K	10.2	08/10/2022
10.17	Common Stock Purchase Agreement between the Company and Alpha Ventures LLC	8-K	10.1	08/24/2022
10.18	Common Stock Purchase Agreement between the Company and Garan SAS Di Serapian Aradavast Carlo & Co.	8-K	10.1	09/22/2022
10.19	Common Stock Purchase Agreement between the Company and Hagop Istanboulli	8-K	10.2	09/22/2022
10.20	Common Stock Purchase Agreement between the Company and Rafi Istanboulli	8-K	10.3	09/22/2022
10.21	Common Stock Purchase Agreement between the Company and Chant Istanboulli	8-K	10.4	09/22/2022
10.22	Common Stock Purchase Agreement between the Company and Jack Koumjian	8-K	10.5	09/22/2022
14.1	Code of Ethics	10-K	14.1	12/14/2022
21.1	List of Subsidiaries	10-K	21.1	12/14/2022
31.1	Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer				x
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer				x
32.1	Section 1350 Certification of Principal Executive Officer				x
32.2	Section 1350 Certification of Principal Financial Officer				x
99.5	Audit Committee Charter	10-K	99.5	12/14/2022
101.INS	Inline XBRL Instance Document.				x
101.SCH	Inline XBRL Taxonomy Extension Schema Document.				x
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document.				x
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document.				x
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document.				x
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document.				x
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)				x

9

SIGNATURES

In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ASTRA ENERGY, INC.
Date: January 31, 2024		/s/ Ronald Loudoun
		Ronald Loudoun
		CEO and Director
		(Principal Executive Officer)

Date: January 31, 2024	/s/ Rachel Boulds
	Rachel Boulds
	Chief Financial Officer
	(Principal Financial Officer and
	Principal Accounting Officer)

10

EX-31.1

EXHIBIT 31.1

CERTIFICATION PURSUANT TO

18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Ronald Loudoun, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Astra Energy, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, considering the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: January 31, 2024	/s/ Ronald Loudoun
	Ronald Loudoun
	CEO and Director

EX-31.2

EXHIBIT 31.2

CERTIFICATION PURSUANT TO

18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Rachel Boulds, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Astra Energy, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, considering the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: January 31, 2024	/s/ Rachel Boulds
	Rachel Boulds
	Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Ronald Loudoun, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Quarterly Report on Form 10-Q of Astra Energy, Inc. for the period ended November 30, 2023 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Astra Energy, Inc.

Date: January 31, 2024	/s/ Ronald Loudoun
	Ronald Loudoun
	CEO and Director

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Rachel Boulds, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Quarterly Report on Form 10-Q of Astra Energy, Inc. for the period ended November 30, 2023 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Astra Energy, Inc.

Date: January 31, 2024	/s/ Rachel Boulds
	Rachel Boulds
	Chief Financial Officer

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Cover - shares	3 Months Ended
	Nov. 30, 2023	Jan. 31, 2024
Cover [Abstract]
Entity Registrant Name	ASTRA ENERGY, INC.
Entity Central Index Key	0001231339
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Nov. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		80,263,982
Entity File Number	000-52205
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	20-3113571
Entity Address Address Line 1	9565 Waples Street
Entity Address Address Line 2	Suite 200
Entity Address City Or Town	San Diego
Entity Address State Or Province	CA
Entity Address Postal Zip Code	92121
City Area Code	1-800
Local Phone Number	705-2919
Security 12b Title	Common
Trading Symbol	ASRE
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

XML

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Nov. 30, 2023	Aug. 31, 2023
Current assets:
Cash	$ 13,994	$ 23,250
Total current assets	13,994	23,250
Investment (Note 4)	4,410,000	2,725,000
Operating leases, right of use assets (Note 5)	4,818,471	4,818,471
Total Assets	9,242,465	7,566,721
Current liabilities:
Accounts payable	454,674	265,917
Accounts payable - related parties (Note 6)	403,200	322,500
Refundable deposits	190,000	190,000
Accrued interest payable	9,543	6,840
Loan payable-related party (Note 7)	93,011	93,011
Note payable (Note 8)	100,000	100,000
Debenture payable (Note 9)	20,000	20,000
Operating lease liability - current portion	127,460	127,460
Total current liabilities	1,397,888	1,125,728
Operating lease liability - net of current portion (Note 5)	4,691,011	4,691,011
Total Liabilities	6,088,899	5,816,739
Commitments and contingencies	0	0
Stockholders' Equity:
Common stock, $0.001 par value; 100,000,000 shares authorized; 72,763,982 and 67,638,982 shares issued and outstanding, respectively.	72,764	67,639
Stock subscriptions receivable	(5,000)	(5,000)
Common stock to be issued	0	0
Additional paid-in capital	56,055,812	54,341,562
Accumulated deficit	(52,971,071)	(52,655,280)
Total Stockholders' Equity	3,153,566	1,749,982
Total Liabilities and Stockholders' Equity	9,242,465	7,566,721
Series A Preferred Stock
Stockholders' Equity:
Preferred stock value	8	8
Series B Preferred Stock
Stockholders' Equity:
Preferred stock value	0	0
Series C Preferred Stock
Stockholders' Equity:
Preferred stock value	748	748
Series D Preferred Stock
Stockholders' Equity:
Preferred stock value	305	305
Series A1 Preferred Stock
Stockholders' Equity:
Preferred stock value	$ 0	$ 0

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Nov. 30, 2023	Aug. 31, 2023
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	72,763,982	67,638,982
Common stock, shares outstanding	72,763,982	67,638,982
Series A Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	8,000,000	8,000,000
Preferred stock, shares issued	7,774	7,774
Preferred stock, shares outstanding	7,774	7,774
Series B Preferred Stock
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	207	207
Preferred stock, shares outstanding	207	207
Series C Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	747,870	747,870
Preferred stock, shares outstanding	747,870	747,870
Series D Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	380,000	380,000
Preferred stock, shares issued	304,558	304,558
Preferred stock, shares outstanding	304,558	304,558
Series A1 Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1	1
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
Operating Expenses:
General and administrative	$ 40,335	$ 48,022
Business development	153,145	271,941
Consulting - related party	0	960
Executive compensation	79,500	933,000
Stock compensation-consulting	34,375	347,500
Total operating expenses	307,355	1,601,423
Loss from operations	(307,355)	(1,601,423)
Foreign exchange	(5,733)	400
Interest expense	(2,703)	(2,216)
Total other expense	(8,436)	(1,816)
Loss before provision for income taxes	(315,791)	(1,603,239)
Provision for income taxes	0	0
Net Loss	$ (315,791)	$ (1,603,239)
Net loss per share, basic and diluted	$ (0.004)	$ (0.03)
Weighted average shares outstanding, basic and diluted	68,109,600	62,883,727

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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)	Common Stock to Be Issued	Stock Subscription Receivable	Preferred Stock Series A [Member]	Preferred Stock Series B [Member]	Preferred Stock Series C [Member]	Preferred Stock Series D [Member]	Preferred Stock Series A1 [Member]
Balance, shares at Aug. 31, 2022		50,355,540					15,774	207	747,870	304,558	1
Balance, amount at Aug. 31, 2022	$ (53,900)	$ 50,356	$ 42,104,418	$ (42,224,735)	$ 20,000	$ (5,000)	$ 16	$ 0	$ 748	$ 305	$ 0
Common stock issued for - related party, Shares		350,000
Common stock issued for - related party, Amount	848,500	$ 350	848,150	0	0	0	0	0	0	0	0
Common stock issued for services, shares		350,000
Common stock issued for services, Amount	347,150	$ 350	347,150	0	0	0	0	0	0	0	0
Common stock issued for acquisitions, Shares		7,650,000
Common stock issued for acquisitions, Amount	8,830,000	$ 7,650	8,822,350	0	0	0	0	0	0	0	0
Common stock issued for cash, Shares		569,000
Common stock issued for cash, Amount	264,500	$ 569	283,931	0	(20,000)	0	0	0	0	0	0
Net Income (Loss)	(1,603,239)	$ 0	0	(1,603,239)	0	0	$ 0	$ 0	$ 0	$ 0	$ 0
Balance, shares at Nov. 30, 2022		59,274,500					15,774	207	747,870	304,558	1
Balance, amount at Nov. 30, 2022	(8,633,011)	$ 59,275	52,404,999	(43,937,974)	0	(5,000)	$ 16	$ 0	$ 748	$ 305	$ 0
Balance, shares at Aug. 31, 2023		67,638,982					7,774	207	747,870	304,558	1
Balance, amount at Aug. 31, 2023	1,749,982	$ 67,639	54,341,562	(52,655,280)	0	(5,000)	$ 8	$ 0	$ 748	$ 305	$ 0
Common stock issued for services, shares		125,000
Common stock issued for services, Amount	34,375	$ 125	34,250	0	0	0	0	0	0	0	0
Common stock issued for acquisitions, Shares		5,000,000
Common stock issued for acquisitions, Amount	1,685,000	$ 5,000	1,680,000	0	0	0	0	0	0	0	0
Net Income (Loss)	(315,791)	$ 0	0	(315,791)	0	0	$ 0	$ 0	$ 0	$ 0	$ 0
Balance, shares at Nov. 30, 2023		72,763,982					7,774	207	747,870	304,558	1
Balance, amount at Nov. 30, 2023	$ 3,153,566	$ 72,764	$ 56,055,812	$ (52,971,071)	$ 0	$ (5,000)	$ 8	$ 0	$ 748	$ 305	$ 0

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$ (315,791)	$ (1,603,239)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation	34,375	347,500
Executive stock compensation	0	848,500
Changes in assets and liabilities:
Agreement receivable	0	5,135
Accounts payable and accruals	191,460	16,870
Accounts payable - related party	80,700	(21,500)
Due to related party	0	(50,060)
Net Cash Used in Operating Activities	(9,256)	(456,794)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of shares	0	264,500
Net Cash Provided by Financing Activities	0	264,500
Net Change in Cash	(9,256)	(192,294)
Cash at Beginning of Period	23,250	198,899
Cash at End of Period	13,994	6,605
Supplemental disclosure of non-cash investing activity:
Common stock issued for investment	$ 1,685,000	$ 2,725,000

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ORGANIZATION AND DESCRIPTION OF BUSINESS

3 Months Ended

Nov. 30, 2023

ORGANIZATION AND DESCRIPTION OF BUSINESS

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Astra Energy, Inc. (the “Company”, “Astra”), was incorporated in the State of Nevada on June 12, 2000.

A Certificate of Amendment was filed on August 22, 2020 with the Nevada Secretary of State changing the name of the Company to Astra Energy, Inc.

The Company is an emerging leader in the acquisition and development of technology in the Waste-to-Energy project sector.

On October 17, 2019, there was an order by the Eight Judicial District Court of Clark County Nevada appointing a Custodian to the Company. The custodianship was discharged on June 18, 2020.

On September 15, 2021, the Company affected a forward stock split of 3 for 1 which was approved by the Financial Industry Regulatory Authority (“FINRA”). All shares throughout these statements reflect the forward split.

On September 21, 2021, the Company incorporated a wholly owned subsidiary in Uganda called Astra Energy Africa - SMC Limited.

On October 12, 2021, the Company incorporated a majority owned subsidiary in Uganda called Astra Energy Services Limited. The Company is owned 80% by Astra Energy Inc. and 20% by Ssingo Oils and Gas - SMC Limited of Mityana, Uganda.

On November 15, 2021, the Company incorporated a wholly owned subsidiary in the State of California called Astra Energy California, Inc. On October 26, 2023, the name of the subsidiary was changed to Astra Biofuels Inc.

On December 22, 2021, the Company incorporated a subsidiary in Tanzania called Astra Energy Tanzania Limited. The Company is owned 80% by Astra Energy Inc. and 20% by Kiluwa Group of Companies Limited of Kinondoni, Tanzania.

On August 17, 2022, the Company incorporated a wholly owned subsidiary in the State of Florida called Astra Holcomb Energy Systems Inc.

On October 27, 2022, the Company acquired 50% of the outstanding shares of Astra-Holcomb Energy Systems LLC., a Delaware entity, in exchange for 5 million shares of the Company’s common stock. Astra-Holcomb Energy Systems LLC holds the exclusive rights to manufacture and distribute the patented Holcomb Energy System In-Line Power Generator. There are no other assets and no liabilities in Astra-Holcomb Energy Systems LLC.

As at August 31, 2023, the Company has acquired a 28% interest in Regreen Technologies, Inc. in exchange for 7,759,442 common shares of the Company.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Nov. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending August 31, 2024. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended August 31, 2023.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.

Principles of Consolidation

These financial statements include the accounts of the Company and its subsidiaries. Subsidiaries are all entities (including structured entities) which the Company controls. For accounting purposes, control is established by an investor when it is exposed to, or has rights to, variable returns from its involvement with the entity and when it can affect those returns through its power over the entity. All inter-company balances and transactions are eliminated upon consolidation.

Cash and Cash Equivalents

The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no cash equivalents as of November 30, 2023 and 2022.

Inventory

Inventory is carried at the lower of cost or net realizable value, with the cost being determined on a first-in, first-out (FIFO) basis. The Company periodically reviews physical inventory and will record a reserve for excess and/or obsolete inventory if necessary.  

Leases

In February, 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. The Company determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, most of the Company’s leases do not provide a readily determinable implicit rate. Therefore, the Company must discount lease payments based on an estimate of its incremental borrowing rate which is based on the interest rate of similar debt outstanding. The Company uses a discount rate of 10% per annum which is the same rate of interest being paid on a current outstanding loan.

Stock-based Compensation

We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation – Stock Compensation” (Topic 718), which establishes that equity-based payments to employees and non-employees are recorded at the grant date the fair value of the equity instruments the entity is obligated to issue when the employees and non-employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. Topic 718 also states that observable market prices of identical or similar equity or liability instruments in active markets are the best evidence of fair value and, if available, should be used as the basis for the measurement for equity and liability instruments awarded in these share-based payment transactions. However, if observable market prices of identical or similar equity or liability instruments are not available, the fair value shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in FASB ASC Topic 718.

Revenue Recognition

The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps:

· Identification of a contract with a customer;

· Identification of the performance obligations in the contract;

· Determination of the transaction price;

· Allocation of the transaction price to the performance obligations in the contract; and

· Recognition of revenue when or as the performance obligations are satisfied.

Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less.

Net income (loss) per common share

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.  Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.  Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period.  The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. For the quarter ended November 30, 2023, the Company has 7,774 potentially dilutive shares from Series A preferred stock and 304,558 potentially dilutive shares from the Series D preferred stock and 20,000 potentially dilutive common shares relating to the Convertible Debenture, and 1,574,000 warrants which are convertible at $1.00 per share into 1,574,000 common shares Any potentially dilutive shares have not been included due to their anti-dilutive effect, as the Company as a net loss.

	2023			2022
Net Loss	$	(315,791	)	$	(1,603,239	)
Weighted average shares outstanding, basic and diluted		68,109,600			62,883,727
Net loss per share, basic and diluted	$	(0.004	)	$	(0.025	)

The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented.

Fair Value Measurements

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below:

Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly.

Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates.

Level 3: Level 3 inputs are unobservable inputs.

Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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GOING CONCERN

3 Months Ended

Nov. 30, 2023

GOING CONCERN

GOING CONCERN

NOTE 3 – GOING CONCERN

As reflected in the accompanying financial statements, the Company has an accumulated deficit of $52,971,071 as of November 30, 2023, and no revenue. These factors raise substantial doubt about its ability to continue as a going concern. The financial statements have been prepared assuming that the Company will continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

In order to continue as a going concern, the Company is planning to secure its financial capital in various ways. It will finance its operations initially through shareholder loans from the principals and through private placement investment offerings. The Company may decide to finance its project development stage by way of an equity offering by issuing shares or by engaging venture capital firms that invest in early-stage companies. Venture capital firms August do more than just supply money to small new opportunities. They can also provide advice on potential products, customers, and key employees. 

The company will also look to develop a relationship with a bank or banks with the intention of demonstrating a track record of progress and building value and securing some form of financing in the future. Once Astra Energy Inc. has a record of at least earning significant revenues, and better still of earning profits, the firm can make a credible promise to pay interest, and so it becomes possible for the firm to borrow money. Firms have two main methods of borrowing: banks and bonds.

 If Astra Energy is earning profits (their revenues are greater than costs), the Company can choose to reinvest some of these profits in equipment, structures, and research and development. For many established companies, reinvesting their own profits is one primary source of financial capital. 

Another source of financial capital that will be considered at the project development stage of a specific project is a bond. A bond is a financial contract: a borrower agrees to repay the amount that was borrowed and also a rate of interest over a period of time in the future. A corporate bond is issued by firms, but bonds are also issued by various levels of government. For example, a municipal bond is issued by cities, a state bond by U.S. states, and a Treasury bond by the federal government through the U.S. Department of the Treasury. A bond specifies an amount that will be borrowed, the interest rate that will be paid, and the time until repayment. Given the nature of the renewable industry regarding long term power purchase agreements or offtake agreements bonds are a very cost effective and reliable method of funding projects. 

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INVESTMENT

3 Months Ended

Nov. 30, 2023

INVESTMENT

INVESTMENT

NOTE 4 - INVESTMENT

The investment of $4,410,000 relates to the acquisition of 50% of the outstanding shares of Astra-Holcomb Energy Systems LLC., a Delaware entity, in exchange for 5 million shares of the Company’s common stock and the acquisition of the exclusive global manufacturing and distribution rights for the Holcomb In-Line Power Generator in exchange for 5 million shares of the Company’s common stock. The value of the acquisitions was based on the closing stock price of the Company’s shares on the effective dates of the agreements. Astra-Holcomb Energy Systems LLC holds the exclusive rights to manufacture and distribute the patented Holcomb Energy System In-Line Power Generator. There are no other assets and no liabilities in Astra-Holcomb Energy Systems LLC. There was no impact to the results of operations for the year ended November, 2023, as the Company only issued common stock. The valuation of the investment is based on deemed value of patents, the size of the potential market for the technology and numerous expressions of interest to purchase product. If the Company fails to raise the necessary capital to set up manufacturing and distribution, this investment would be at risk and would become subject to impairment in full.

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OPERATING LEASES

3 Months Ended

Nov. 30, 2023

OPERATING LEASES

OPERATING LEASES

NOTE 5 - OPERATING LEASES

The value of these leases is based primarily on engineering studies and letters from government agencies accepting preliminary studies for the installation of renewable energy sources and the provision of Power Purchase Agreements. If the Company fails to raise the necessary capital for the installations of energy and does not receive the Power Purchase Agreements, the total value of these leases would be subject to impairment in full.

On May 10, 2023, Astra Energy Zanzibar Limited entered into a Lease Agreement with Revolutionary Government of Zanzibar, for 3.457 Hectares (approximately 8.5 acres) of land at Kibele South Region of Unguja. The term of the lease is 33 years with yearly lease payments of $6,914 payable on or before December 1^st of each year.

On May 10, 2023, Astra Energy Zanzibar Limited entered into a Lease Agreement with Revolutionary Government of Zanzibar, for 80.35 Hectares (approximately 198.5 acres) of land at Kibele South Region of Unguja. The term of the lease is 33 years with yearly lease payments of $160,700 payable on or before December 1^st of each year.

	Balance Sheet Classification	November 30, 2023
Asset
Operating lease asset	Right of use asset	$	4,818,471
Total lease asset		$	4,818,471
Liability
Operating lease liability – current portion	Current operating lease liability	$	127,460
Operating lease liability – noncurrent portion	Long-term operating lease liability		4,691,011
Total lease liability		$	4,818,471

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OTHER RELATED PARTY TRANSACTIONS

3 Months Ended

Nov. 30, 2023

OTHER RELATED PARTY TRANSACTIONS

OTHER RELATED PARTY TRANSACTIONS

NOTE 6 – OTHER RELATED PARTY TRANSACTIONS

As of November 30, 2023, the Company owes $34,000 (August 31, 2023 - $34,000) to the CEO for cash advanced to the Company for working capital. The debt is unsecured, non-interest bearing and has no terms of repayment.

As of November 30, 2023, the Company owes $11,750 (August 31, 2023 - $9,750) to the CEO of a wholly-owned subsidiary for cash advanced to the Company for working capital. The debt is unsecured, non-interest bearing and has no terms of repayment.

During the quarter ended November 30, 2023, the Company accrued $30,000 in fees to the CEO of the Company. The Company owes $120,000 to the CEO at November 30, 2023 ($90,000 – August 31, 2023).

During the quarter ended November 30, 2023, the Company accrued $15,000 in fees to the President. The Company owes $101,500 to the President at November 30, 2023 ($86,500 – August 31, 2023).

During the quarter ended November 30, 2023, the Company accrued $22,500 in fees to the CEO of a wholly owned subsidiary. The Company owes $102,500 to the CEO at November 30, 2023 ($80,000 – August 31, 2023).

During the quarter ended November 30, 2023, the Company accrued $6,000 in fees to the Chief Financial Officer. The Company owes $16,750 to the Chief Financial Officer at November 30, 2023 ($10,750 – August 31, 2023).

During the quarter ended November 30, 2023, the Company accrued $6,000 in fees to the Corporate Secretary. The Company owes $17,500 to the Corporate Secretary at November 30, 2023 ($11,500 – August 31, 2023).

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LOAN PAYABLE RELATED PARTY

3 Months Ended

Nov. 30, 2023

LOAN PAYABLE RELATED PARTY

LOAN PAYABLE-RELATED PARTY

NOTE 7 - LOAN PAYABLE-RELATED PARTY

As of November 30, 2023, the Company owes $93,011 (August 31, 2023 - $93,011) to the CEO for cash advanced to the Company for repayment of debt. The loan is unsecured, non-interest bearing and has no terms of repayment.

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NOTE PAYABLE

3 Months Ended

Nov. 30, 2023

NOTE PAYABLE

NOTE PAYABLE

NOTE 8 - NOTE PAYABLE

On February 16, 2023, the Company entered into a Loan agreement, wherein the Company promised to pay TTII Strategic Acquisitions & Equity, Inc. $100,000 with interest of 10% per annum on or before February 16, 2024. The loan is secured by a patent held by Regreen Technologies, Inc. As of November 30, 2023, the Company owed the lender $100,000 (August 31, 2023 - $100,000) plus accrued interest of $7,863 (August 31, 2023 - $5,370)

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DEBENTURE PAYABLE

3 Months Ended

Nov. 30, 2023

DEBENTURE PAYABLE

DEBENTURE PAYABLE

NOTE 9 – DEBENTURE PAYABLE

On January 11, 2022, the Company entered into a Convertible Debenture agreement, wherein the Company promised to pay the Holders $20,000 with interest of 8% per annum on or before January 11, 2024. The Holders have the right to convert any time within 2 years with a conversion price of $1.00 per share subject to adjustments as set out in the Debenture. As of November 30, 2023, there was $1,680 (August 31, 2023 - $1,470) interest owing to the Holders.

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PREFERRED STOCK

3 Months Ended

Nov. 30, 2023

PREFERRED STOCK

PREFERRED STOCK

NOTE 10 – PREFERRED STOCK

Series A Convertible Preferred

The Series A Convertible Preferred have a conversion rate of $0.75 per share and voting rights on an as converted basis. The holders of record of shares of Series A Preferred Stock are entitled to receive, out of any assets at the time legally available therefor and when and as declared by the Board of Directors, dividends at the rate of 8% per annum in shares of our common stock. On January 19, 2022, 8,000 shares of Series A Preferred Stock were cancelled.  The shares were cancelled at the direction of the holder of the Series A Preferred Stock.  Subsequent to the cancellation, 7,774 shares of Series A Preferred Stock remain outstanding.

Series A1 Preferred

On April 24, 2020, the Company created and filed a Certificate of Designation for one share of Series A1 Preferred Stock, par value $0.0001. On January 21, 2022, the board of directors of the Company changed the designation of Series A1 by eliminating its conversion and voting rights. On January 13, 2022, the Company and the sole shareholder of the Series A1 Preferred share entered into a share cancellation agreement, whereby, the sole shareholder of the Series A1 Preferred Shares agreed to the cancellation of the one share of Series A1 Preferred Shares issued and outstanding.

Series B Preferred

The Company has authorized 207 shares of Series B Preferred Stock. The conversion rights of Series Preferred B were required to be exercised within 5 years. The conversion rights have expired without any of the shares being converted. Series B shares are not entitled to dividends or liquidation preferences and have no voting rights.

Series C Preferred

The Company has authorized 1,000,000 shares of Series C Preferred Stock. Each share of Series C is convertible into one fully paid and nonassessable share of our common stock at an initial conversion price of $1.20, subject to adjustment. The conversion rights of Series Preferred C were required to be exercised within 5 years. The conversion rights have expired without any of the shares being converted.

Series D Preferred

The Company has authorized 380,000 shares of Series D Preferred Stock, which ranks junior to our Series A, Series B and Series C Convertible Preferred Stock, but senior to our common stock. Except with respect to specified transactions that August affect the rights, preferences, privileges or voting power of the Series D Preferred Shares and except as otherwise required by Nevada law, the Series D Preferred Shares have no voting rights. At any time on or after the issuance date, the holder of any Series D Preferred Shares August, at the holder’s option, elect to convert all or any portion of the Series D Preferred Shares held by such person into a number of fully paid and nonassessable shares of common stock equal to the quotient of (i) the stated value ($40.00 per share) of the Series D Preferred Shares being converted divided by (ii) the conversion price, which initially is $0.80 per share, subject to certain adjustments.

In the event of our liquidation, dissolution or winding up, the holders shall be entitled to receive, out of the assets of the Company available for distribution, an amount equal to the Liquidation Preference Amount which is the product of the stocks Stated Value of $40.00 per share plus 120% before any payment or distribution of assets to the holders of Common Stock or any other Junior Stock.  

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COMMON STOCK

3 Months Ended

Nov. 30, 2023

COMMON STOCK

COMMON STOCK

NOTE 11 – COMMON STOCK

During the quarter ended November 30, 2023 the Company issued 125,000 common shares at a price of $0.275 per share in exchange for services for total non-cash compensation of $34,375. The shares were valued based on the closing stock price on the effective date of the agreement.

During the quarter ended November 30, 2023 the Company issued 5,000,000 common shares at a price of $0.337 per share in exchange for exclusive global manufacturing and distribution rights to the Holcomb In-Line Power Generator. The shares were valued based on the closing price at the effective date of agreement.

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STOCK SUBSCRIPTIONS RECEIVABLE

3 Months Ended

Nov. 30, 2023

STOCK SUBSCRIPTIONS RECEIVABLE

STOCK SUBSCRIPTIONS RECEIVABLE

NOTE 12 – STOCK SUBSCRIPTIONS RECEIVABLE

During the year ended August 31, 2022, the Company issued 10,000 common shares pursuant to a Share Subscription Agreement in exchange for $5,000. The shares are included in the total number of shares issued and outstanding at November 30, 2023.

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WARRANTS

3 Months Ended

Nov. 30, 2023

WARRANTS

WARRANTS

NOTE 13 – WARRANTS

As of November 30, 2023, there are 1,574,000 outstanding warrants. One warrant can be exercised to purchase one share of the Company’s common stock at $1.00 per share.

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contract Term		Intrinsic Value
Outstanding, August 31, 2022		2,326,000		$	1.00		1.51
Issued		529,000		$	1.00		2.00
Cancelled or expired		—		$	—		—
Exercised		—		$	—		—
Outstanding, August 31, 2023		2,855,000		$	1.00		0.56	$	—
Issued		—		$	—		—
Cancelled or expired		(1,281,000	)	$	—		—
Exercised		—		$	—		—
Outstanding, November 30, 2023		1,574,000		$	1.00		0.65	$	—

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SUBSEQUENT EVENTS

3 Months Ended

Nov. 30, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 14 – SUBSEQUENT EVENTS

No events occurring through to January 31, 2024.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Nov. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending August 31, 2024. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended August 31, 2023.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.

Principles of Consolidation

These financial statements include the accounts of the Company and its subsidiaries. Subsidiaries are all entities (including structured entities) which the Company controls. For accounting purposes, control is established by an investor when it is exposed to, or has rights to, variable returns from its involvement with the entity and when it can affect those returns through its power over the entity. All inter-company balances and transactions are eliminated upon consolidation.

Cash and Cash Equivalents

The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no cash equivalents as of November 30, 2023 and 2022.

Inventory

Inventory is carried at the lower of cost or net realizable value, with the cost being determined on a first-in, first-out (FIFO) basis. The Company periodically reviews physical inventory and will record a reserve for excess and/or obsolete inventory if necessary.  

Leases

In February, 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. The Company determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, most of the Company’s leases do not provide a readily determinable implicit rate. Therefore, the Company must discount lease payments based on an estimate of its incremental borrowing rate which is based on the interest rate of similar debt outstanding. The Company uses a discount rate of 10% per annum which is the same rate of interest being paid on a current outstanding loan.

Stock-based Compensation

We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation – Stock Compensation” (Topic 718), which establishes that equity-based payments to employees and non-employees are recorded at the grant date the fair value of the equity instruments the entity is obligated to issue when the employees and non-employees have rendered the requisite service and satisfied any other conditions necessary to earn the right to benefit from the instruments. Topic 718 also states that observable market prices of identical or similar equity or liability instruments in active markets are the best evidence of fair value and, if available, should be used as the basis for the measurement for equity and liability instruments awarded in these share-based payment transactions. However, if observable market prices of identical or similar equity or liability instruments are not available, the fair value shall be estimated by using a valuation technique or model that complies with the measurement objective, as described in FASB ASC Topic 718.

Revenue Recognition

The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps:

· Identification of a contract with a customer;

· Identification of the performance obligations in the contract;

· Determination of the transaction price;

· Allocation of the transaction price to the performance obligations in the contract; and

· Recognition of revenue when or as the performance obligations are satisfied.

Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less.

Net income (loss) per common share

Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification.  Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period.  Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period.  The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. For the quarter ended November 30, 2023, the Company has 7,774 potentially dilutive shares from Series A preferred stock and 304,558 potentially dilutive shares from the Series D preferred stock and 20,000 potentially dilutive common shares relating to the Convertible Debenture, and 1,574,000 warrants which are convertible at $1.00 per share into 1,574,000 common shares Any potentially dilutive shares have not been included due to their anti-dilutive effect, as the Company as a net loss.

	2023			2022
Net Loss	$	(315,791	)	$	(1,603,239	)
Weighted average shares outstanding, basic and diluted		68,109,600			62,883,727
Net loss per share, basic and diluted	$	(0.004	)	$	(0.025	)

The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented.

Fair Value Measurements

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below:

Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly.

Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates.

Level 3: Level 3 inputs are unobservable inputs.

Recently Issued Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Nov. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Net income (loss) per common share

	2023			2022
Net Loss	$	(315,791	)	$	(1,603,239	)
Weighted average shares outstanding, basic and diluted		68,109,600			62,883,727
Net loss per share, basic and diluted	$	(0.004	)	$	(0.025	)

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OPERATING LEASES (Tables)

3 Months Ended

Nov. 30, 2023

OPERATING LEASES

Schedule of yearly lease payments

	Balance Sheet Classification	November 30, 2023
Asset
Operating lease asset	Right of use asset	$	4,818,471
Total lease asset		$	4,818,471
Liability
Operating lease liability – current portion	Current operating lease liability	$	127,460
Operating lease liability – noncurrent portion	Long-term operating lease liability		4,691,011
Total lease liability		$	4,818,471

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WARRANTS (Tables)

3 Months Ended

Nov. 30, 2023

WARRANTS

Schedule of outstanding warrants

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contract Term		Intrinsic Value
Outstanding, August 31, 2022		2,326,000		$	1.00		1.51
Issued		529,000		$	1.00		2.00
Cancelled or expired		—		$	—		—
Exercised		—		$	—		—
Outstanding, August 31, 2023		2,855,000		$	1.00		0.56	$	—
Issued		—		$	—		—
Cancelled or expired		(1,281,000	)	$	—		—
Exercised		—		$	—		—
Outstanding, November 30, 2023		1,574,000		$	1.00		0.65	$	—

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ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - shares	1 Months Ended		3 Months Ended
	Aug. 31, 2023	Oct. 27, 2022	Nov. 30, 2023
Astra Holcomb Energy System LLC [Member]
Common stock issued in exchange			5,000,000
Astra Holcomb Energy System LLC [Member] | October 27, 2022
Outstanidng share acquisition percentage		50.00%
Common stock issued in exchange		5,000,000
Regreen Technologies [Member] | August 31, 2023 [Member]
Outstanidng share acquisition percentage	28.00%
Common stock issued in exchange	7,759,442

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	3 Months Ended
	Nov. 30, 2023	Nov. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Net Loss	$ (315,791)	$ (1,603,239)
Weighted average shares outstanding, basic and diluted	68,109,600	62,883,727
Net loss per share, basic and diluted	$ (0.004)	$ (0.025)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Nov. 30, 2023 $ / shares shares
Convertible price | $ / shares	$ 1.00
Potentially dilutive shares	1,574,000
Warrants issued	1,574,000
Convertible Debenture
Potentially dilutive shares	20,000
Series A Preferred Stock
Potentially dilutive shares	7,774
Series D Preferred Stock
Potentially dilutive shares	304,558

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GOING CONCERN (Details Narrative) - USD ($)	Nov. 30, 2023	Aug. 31, 2023
GOING CONCERN
Accumulated deficit	$ (52,971,071)	$ (52,655,280)

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INVESTMENT (Details Narrative) - USD ($) shares in Millions	3 Months Ended
	Nov. 30, 2023	Aug. 31, 2023
Investment in subsidiary	$ 4,410,000	$ 2,725,000
Astra Holcomb Energy System LLC [Member]
Common stock issued in exchange	5
Investment in subsidiary	$ 4,410,000
Acquisition ownership percentage of outstanding shares	50.00%

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OPERATING LEASES (Details) - USD ($)	Nov. 30, 2023	Aug. 31, 2023
Operating lease asset	$ 4,818,471	$ 4,818,471
Operating lease liability - current portion	127,460	127,460
Operating lease liability - noncurrent portion	4,691,011	$ 4,691,011
Lease Agreement [Member]
Operating lease asset	4,818,471
Total lease asset	4,818,471
Operating lease liability - current portion	127,460
Operating lease liability - noncurrent portion	4,691,011
Total lease liability	$ 4,818,471

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OPERATING LEASES (Details Narrative)	May 10, 2023 USD ($) a
Revolutionary Government Of Zanzibar Member
Term of the lease	33 years
Lease payments	$ 6,914
Revolutionary Government of Zanzibar One [Member]
Term of the lease	33 years
Lease payments	$ 160,700
Lease Agreement area | a	198.5

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OTHER RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2023	Aug. 31, 2023
CEO of Wholly Owned Subsdiary 1 Member
Proceeds from related party	$ 102,500	$ 80,000
Fees accrued	22,500
President Member
Proceeds from related party	101,500	86,500
Fees accrued	15,000
CEO of Wholly Owned Subsdiary Member
Proceeds from related party	11,750	9,750
CEO Member
Proceeds from related party	34,000	34,000
Chief Financial Officer Member
Proceeds from related party	16,750	10,750
Fees accrued	6,000
Corporate Secretary Member
Proceeds from related party	17,500	11,500
Fees accrued	6,000
CEO 1 Member
Proceeds from related party	120,000	$ 90,000
Fees accrued	$ 30,000

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LOAN PAYABLE RELATED PARTY (Details Narrative) - USD ($)	Nov. 30, 2023	Aug. 31, 2023
Unsecured Debt [Member] | CEO [Member]
Loan payable-related party	$ 93,011	$ 93,011

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NOTE PAYABLE (Details Narrative) - USD ($)	Nov. 30, 2023	Aug. 31, 2023	Feb. 16, 2023
Note payable			$ 100,000
Interst rate			10.00%
CEO [Member] | Regreen Technologies Inc [Member]
Note payable	$ 100,000	$ 100,000	$ 100,000
Accrued interest	$ 7,863	$ 5,370

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DEBENTURE PAYABLE (Details Narrative) - USD ($)	Jan. 11, 2022	Nov. 30, 2023	Aug. 31, 2023
DEBENTURE PAYABLE
Convertible debt payable	$ 20,000
Interest amount owed to the holders of convertible debenture		$ 1,680	$ 1,470
Debt interest rate	8.00%
Debenture converted description	the right to convert any time within 2 years
Conversion price	$ 1.00

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PREFERRED STOCK (Details Narrative) - $ / shares	1 Months Ended	3 Months Ended
	Jan. 19, 2022	Nov. 30, 2023	Aug. 31, 2023	Apr. 24, 2020
Description of liquidation		Liquidation Preference Amount which is the product of the stocks Stated Value of $40.00 per share plus 120% before any payment or distribution of assets to the holders of Common Stock or any other Junior Stock
Series B Preferred Stock
Preferred stock, shares authorized		100,000	100,000
Exercised term		5 years
Series C Preferred Stock
Conversion price		$ 1.20
Preferred stock, shares authorized		1,000,000	1,000,000
Exercised term		5 years
Series D Preferred Stock
Preferred stock stated value		$ 40.00
Conversion price		$ 0.80
Preferred stock, shares authorized		380,000	380,000
Series A1 Preferred Stock [Member]
Preferred stock, shares authorized		1	1
Preferred stock, par value				$ 0.0001
Series A Convertible Preferred [Member]
Conversion price		$ 0.75
Preferred stock dividends rate		8.00%
Series A Preferred stock
Cancelled Shares	8,000
Remaining outstanding shares	7,774

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COMMON STOCK (Details Narrative)	3 Months Ended
	Nov. 30, 2023 USD ($) $ / shares shares
Share price | $ / shares	$ 0.275
Stock issued dureing period for service, value | $	$ 34,375
Stock issued dureing period for service, share | shares	125,000
Astra-Holcomb Energy Systems Inc Member
Share price | $ / shares	$ 0.337
Stock issued dureing period for service, share | shares	5,000,000

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STOCK SUBSCRIPTIONS RECEIVABLE (Details Narrative) - USD ($)	Nov. 30, 2023	Aug. 31, 2023
STOCK SUBSCRIPTIONS RECEIVABLE
Subscription receivable, amount	$ 5,000	$ 5,000
Subscription receivable, share	10,000	10,000

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WARRANTS (Details) - $ / shares	3 Months Ended	12 Months Ended
	Nov. 30, 2023	Aug. 31, 2022
WARRANTS
Number of Warrants, Outstanding, beginning	2,855,000	2,326,000
Number of Warrants, Issued	0	529,000
Number of warrant, cancelled or expired	(1,281,000)
Number of Warrants, Outstanding, ending	1,574,000	2,326,000
Weighted Average Exercise Price, Oustanding, beginning	$ 1.00	$ 1.00
Weighted Average Exercise Price, Issued		1.00
Weighted Average Exercise Price, Oustanding, ending	$ 1.00	$ 1.00
Weighted Average Remaining Contract Term Outstanding, beginning term	6 months 21 days	1 year 6 months 3 days
Weighted Average Remaining Contract Term, Issued		2 years
Weighted Average Remaining Contract Term Outstanding, ending	7 months 24 days	6 months 22 days

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WARRANTS (Details Narrative)	Nov. 30, 2023 $ / shares shares
WARRANTS
Common stock, per share | $ / shares	$ 1.00
Outstanding warrant | shares	1,574,000