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Consolidated Balance Sheets - USD ($)
Feb. 28, 2021
Aug. 31, 2020
Feb. 29, 2020
Sep. 01, 2019
Aug. 31, 2019
Current Assets          
Cash and cash equivalents $ 224,804 $ 2,455,061      
Prepaid expenses 5,000 11,024      
Accounts receivable 51,338 137,700      
Related party receivable 1,439 87,581      
Due from shareholders 61,500      
Interest receivable 26,240      
Other receivable 209,400      
Total Current Assets 491,981 2,779,106      
Fixed assets, net 19,344 16,408      
Leasehold improvement, net 60,961 85,345      
Right of use operating lease assets, net 85,581 126,354   $ 201,025  
Intangible assets, net 2,626,526 175,000      
Long-term prepayment 1,705,395 1,742,080      
Other assets 14,536 18,427      
TOTAL ASSETS 5,004,325 4,942,721      
Current Liabilities          
Accounts payable and accrued liabilities 108,826 359,475      
Related party payable 5,504 5,504      
Current portion of obligations under operating leases 74,618 73,664   $ 196,813  
Convertible note and derivative liability 306,212 438,921      
Due to shareholder 2,089 476      
Tax payable 56,750      
Other payable 3,827 3,584      
Total Current Liabilities 501,076 938,374      
Obligations under operating leases, non-current 10,963 48,249      
Total Liabilities 512,039 986,623      
Stockholders’ Equity          
Series A preferred stock, 100,000 and 0 shares issued and outstanding, as of February 28, 2021 and August 31, 2020, respectively 100      
Series B preferred stock, 20,000 and 0 shares issued and outstanding, as of February 28, 2021 and August 31, 2020, respectively 20      
Series C convertible preferred stock, 280,025 and 0 shares issued and outstanding, as of February 28, 2021 and August 31, 2020, respectively 280      
Common stock, $0.001 par value, 1,000,000,000 shares authorized: 173,434,446 and 46,661,417 shares issued and outstanding, as of February 28, 2021 and August 31, 2020, respectively 173,434 46,661      
Additional paid-in capital 8,825,968 7,271,983      
Accumulated deficit (4,492,544) (2,970,881)      
Unearned shareholders' compensation (14,973) (391,666)      
Total Stockholders’ Equity 4,492,286 3,956,097 $ 4,033,918   $ 4,231,125
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,004,325 $ 4,942,721