Income Taxes (Tables)

12 Months Ended

Aug. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

	August 31, 2021			August 31, 2020
Expected federal income tax benefit at statutory rate	$	1,608,855		$	1,041,213
Nondeductible items		(1,158,130	)		(127,358	)
Change in valuation allowance		(450,725	)		(913,855	)
Income tax benefit	$	—		$	—

Deferred income taxes

Significant components of the Company’s deferred tax assets at August 31, 2021 and 2020 are as follows: 

	August 31, 2021			August 31, 2020
Deferred tax assets:
Net operating loss carryforwards	$	1,577,198		$	1,126,473
Research and development credit carry forward		1,963			1,963
Total deferred tax assets		1,579,161			1,128,436
Less: valuation allowance		(1,579,161	)		(1,128,436	)
Net deferred tax asset	$	—		$	—