Net Loss Per Share

12 Months Ended

Aug. 31, 2021

Earnings Per Share [Abstract]

Net Loss Per Share

Note 4 - Net Loss Per Share

During fiscal years ending August 31, 2021 and August 31, 2020, the Company recorded a net loss. Basic and diluted net loss per share are the same for those periods. The dilutive weighted average shares for each period reported excludes the effect of shares issuable upon conversion of debt, as the effect would have been anti-dilutive. As of August 31, 2021 and 2020, the Company carried convertible notes with a carrying value of $1,651,315 and $2,366,660 that are convertible into 94,710,870 shares of common stock, respectively. Additionally, there were 367,750 shares of Series B Convertible preferred stock that were convertible into 17,154,977 shares of common stock as of August 31, 2021.