CONVERTIBLE NOTES (Tables)

6 Months Ended

12 Months Ended

Feb. 28, 2021

Aug. 31, 2020

Convertible notes issued

Counterparties	Issuance date	Maturity Date	Principal Amount		Purchase Price		Discount on Note issuance		Note issuance costs		Proceeds Received (USD)
Jefferson Street Capital	September 1,2020	September 1, 2021		82,500		75,000		7,500		6,051		68,949
FirstFire Global	September 1,2020	June1, 2021		75,000		71,250		3,750		9,752		61,498
Power Up Lending	October8, 2020	October 8, 2021		55,000		55,000		-		7,421		47,579
East Capital	October 9, 2020	October 9, 2021		62,700		62,700		-		7,708		54,992
			$	275,200	$	263,950	$	11,250	$	30,933	$	233,017

Counterparties	Issuance date	Maturity date	Principal Amount		Purchase Price		Discount on Note issuance		Note issuance costs		Proceeds Received (USD)
EMA Financial	November 18, 2019	August 18, 2020	$	75,000	$	68,500	$	6,500	$	18,763	$	64,737
Peak One Opportunity	December 9, 2019	December 9, 2022	$	85,000	$	76,500	$	8,500	$	11,188	$	65,312
Crown Bridge (Tranche I)	January 8, 2020	January 8, 2021	$	40,500	$	36,500	$	4,000	$	1,508	$	34,992
Auctus Fund Note	December 31, 2019	September 30, 2020	$	75,000	$	75,000	$	-	$	15,658	$	59,342
East Capital	February 13, 2020	February 13, 2021	$	50,000	$	50,000	$	-	$	6,508	$	43,492
Fidelis Capital	February 19, 2020	February 19, 2021	$	50,000	$	50,000	$	-	$	6,513	$	43,487
Armada Partners	March 12, 2020	March 12, 2021	$	38,500	$	35,000	$	3,500	$	2,008	$	32,992
EMA Financial	July 17, 2020	July 17, 2021	$	50,000	$	47,500	$	2,500	$	4,513	$	42,987
Crown Bridge (Tranche II)	July 23, 2020	July 23, 2021	$	40,500	$	36,500	$	4,000	$	2,208	$	34,292
Power Up Lending (Tranche I)	July 24, 2020	July 24, 2021	$	130,000	$	130,000	$	-	$	13,921	$	116,079
Power Up Lending  (Tranche II)	August 18, 2020	August 18, 2021	$	63,000	$	63,000	$	-	$	8,061	$	54,939
			$	697,500	$	668,500	$	29,000	$	90,853	$	592,647

Convertible note and derivative liability

Balance, August 31, 2020	$	438,921
Principal	$	(160,846)
Discount on Note issuance	$	48,139
Accrued interest expense	$	(909)
Derivative liability	$	(19,094)
Balance, February 28, 2021	$	306,212

Convertible note prepayments

Convertible Notes	Beginning Principle after Note Conversion	Total Interest Accrued	Paid Date	Paid Principle	Paid Interest	Principal balance Outstanding	Payment amount	Loss from prepaid convertible note
Crown Bridge (Tranche I)	1,082	2,641	12/9/2020	(1,082)	(2,641)	-	72,500	(26,732)
Crown Bridge (Tranche II)	40,500	1,545	12/9/2020	(40,500)	(1,545)	-
EMA Financial	50,000	1,990	12/9/2020	(50,000)	(1,990)	-	72,800	(20,810)
Power Up Lending	130,000	6,491	1/22/2021	(130,000)	(6,491)	-	190,925	(54,434)
Power Up Lending	63,000	3,042	2/10/2021	(63,000)	(3,042)	-	92,380	(26,338)
East Capital	40,500	2,461	-	-	-	62,700	-
Power Up Lending	50,000	3,042	-	-	-	55,000	-
Jefferson Street	50,000	4,097	-	-	-	82,500	-
FirstFire Global	38,500	6,586	-	-	-	75,000	-
Total	463,582	31,895	-	(284,582)	(15,709)	275,200	-	(128,315)

Arrmada Partners

Convertible note conversions

Conversion date	Beginning principal balance		Principal Amount Converted		Interest Amount Converted		MFN Principal		Total converted principals and unpaid interest		Closing Fee		Ending principal balance		Conversion Price		Converted Shares
September 25, 2020		25,500		13,000.00		213		—		13,213		500		12,500	$	0.01020		1,344,363
October 6, 2020		12,500		12,500.00		38		—		12,538		500		—	$	0.00960		1,358,145
Total				25,500.00		251		—		25,751		1,000						2,702,508

EMA Financial, LLC

Convertible note conversions

Conversion date	Beginning principal balance		Principal Amount Converted		Interest Amount Converted		MFN Principal		Total converted principals and unpaid interest		Closing Fee		Ending principal balance		Conversion Price		Converted Shares
September 1, 2020		5,285		5,284.50		5,154		—		10,439		1,000		—	$	0.00812		1,408,800
Total				5,284.50		5,154		—		10,439		1,000						1,408,800

Auctus Fund, LLC

Convertible note conversions

Conversion date	Beginning principal balance		Principal Amount Converted		Interest Amount Converted		MFN Principal		Total converted principals and unpaid interest		Closing Fee		Ending principal balance		Conversion Price		Converted Shares
September 8, 2020		33,295		12,055		73		—		12,128		750		21,240	$	0.00510		2,525,000
September 18, 2020		21,240		15,233		58		—		15,291		750		6,007	$	0.00510		3,145,300
September 29, 2020		6,007		6,007		18		11,082		17,107		750		—	$	0.00480		3,720,200
October 22, 2020		—		—		—		3,918		3,918		750		—	$	0.00216		2,161,240
Total				33,294.51		149		15,000		48,444		3,000						11,551,740

Crown Bridge Tranche I

Convertible note conversions

Conversion date	Beginning principal balance		Principal Amount Converted		Interest Amount Converted		MFN Principal		Total converted principals and unpaid interest		Closing Fee		Ending principal balance		Conversion Price		Converted Shares
September 8, 2020		20,867		6,400.00		—		—		6,400		1,250		14,467	$	0.00765		1,000,000
September 22, 2020		14,467		5,635.00		—		—		5,635		1,250		8,832	$	0.00765		900,000
October 1, 2020		8,832		7,750.00		—		—		7,750		1,250		1,082	$	0.00720		1,250,000
Total				19,785.00				—		19,785		3,750						3,150,000

East Capital Investment Corporation

Convertible note conversions

Conversion date	Beginning principal balance		Principal Amount Converted		Interest Amount Converted		MFN Principal		Total converted principals and unpaid interest		Closing Fee		Ending principal balance		Conversion Price		Converted Shares
September 8, 2020		26,600		13,300.00		250		—		13,550		—		13,300	$	0.01020		1,328,431
September 25, 2020		13,300		13,300.00		129		—		13,429		—		—	$	0.00960		1,398,854
Total				26,600.00		379		—		26,979		—						2,727,285

Fidelis Capital, LLC

Convertible note conversions

Conversion date	Beginning principal balance		Principal Amount Converted		Interest Amount Converted		MFN Principal		Total converted principals and unpaid interest		Closing Fee		Ending principal balance		Conversion Price		Converted Shares
September 1, 2020		41,000		25,671.15		—		—		25,671		—		15,329	$	0.01218		2,107,648
September 9, 2020		15,329		15,328.85		2,605		—		17,934		—		—	$	0.01020		1,758,257
Total				41,000.00		2,605		—		43,605		—						3,865,905