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RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Restatement items and other adjustments to Consolidated Cash Flows (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
May 31, 2021
Feb. 28, 2021
Nov. 30, 2020
May 31, 2020
May 31, 2021
May 31, 2020
Aug. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES              
Net loss $ (1,086,881)     $ (315,874) $ (2,608,544) $ (731,204)  
Adjustments to reconcile net income (loss) to net cash from operating activities:              
Executive salaries and consulting fees paid in stock         564,877 127,435  
Depreciation of fixed asset         39,748 39,325  
Amortization of intangible asset         853,001 88,731  
Impairment of intangible asset         111,115 $ 125,062
Loss/(gain) from change in fair value of derivatives $ 18,439 $ 58,090   (64,584) 54,316  
Loss/(gain) from lease termination     3,250  
Loss/(gain) from warrant termination     12,343  
Loss from warrant exercise     (75,000)  
Loss/(gain) prepaid convertible note 104,482     232,797  
Non-cash interest for convertible notes         156,822 193,591  
Non-cash note conversion fees         8,750  
Non-cash lease expense         1,761  
Changes in operating assets and liabilities:              
Accounts receivable         137,700 (76,800)  
Receivable on asset disposal         1,280,000  
Interest receivable         26,240 (26,240)  
Related party receivable         86,142 (52,588)  
Prepaid expenses         9,024 231  
Rent security & electricity deposit         1,987  
Purchase of movie and TV series broadcast right and copyright         (3,539,369) (1,011,200)  
Accounts payable and accrued liabilities         (267,149) (49,945)  
Due to / from shareholders         (218) 826  
Tax payable         (56,750) (7,814)  
Other payable         243 (157,824)  
Net cash used in operating activities         (4,043,032) (218,045)  
CASH FLOWS FROM INVESTING ACTIVITIES              
Purchase of furniture and equipment         5,000  
Net cash used in investing activities         (5,000)  
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from common stock issuances         1,530,619  
Payments for warrant termination         95,000  
Prepayments of convertible notes         821,970  
Net cash provided by financing activities         1,660,166 344,352  
Net increase (decrease) in cash and cash equivalents         (2,387,867) 126,307  
Cash and cash equivalents - beginning of the quarter     $ 2,455,061   2,455,061 1,564,750 1,564,750
Cash and cash equivalents - end of the quarter 67,195     $ 1,691,057 67,195 1,691,057 $ 2,455,061
Supplemental Cash Flow Disclosures              
Cash paid for interest          
Cash paid for income taxes          
Non-Cash Investing and Financing Activities:              
Cashless warrant exercises         137,766  
Convertible notes converted to common shares         183,752  
Additions to ROU assets from operating lease liabilities         27,421  
Common shares returned due to officer resignations         (391,667)  
As previously filed              
CASH FLOWS FROM OPERATING ACTIVITIES              
Net loss (843,173)       (1,722,474)    
Adjustments to reconcile net income (loss) to net cash from operating activities:              
Executive salaries and consulting fees paid in stock         315,127    
Depreciation of fixed asset         26,448    
Amortization of intangible asset         424,207    
Impairment of intangible asset            
Loss/(gain) from change in fair value of derivatives         (19,094)    
Loss/(gain) from lease termination       3,251    
Loss/(gain) from warrant termination       12,343    
Loss from warrant exercise       (75,000)    
Loss/(gain) prepaid convertible note 104,482       232,797    
Non-cash interest for convertible notes         128,661    
Non-cash note conversion fees         8,750    
Non-cash lease expense         1,190    
Changes in operating assets and liabilities:              
Accounts receivable         86,362    
Receivable on asset disposal            
Interest receivable         26,240    
Related party receivable         (611,567)    
Prepaid expenses         6,024    
Rent security & electricity deposit         3,891    
Long-term prepayment         36,685    
Purchase of movie and TV series broadcast right and copyright            
Accounts payable and accrued liabilities         (250,649)    
Due to / from shareholders         63,113    
Tax payable         (1,403)    
Other payable         243    
Net cash used in operating activities         (416,164)    
CASH FLOWS FROM INVESTING ACTIVITIES              
Proceeds from note receivable collection            
Purchase of movie and TV series broadcast right and copyright         2,875,733    
Purchase of furniture and equipment         5,000    
Net cash used in investing activities         (2,880,733)    
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from issuance of convertible notes         233,017    
Proceeds from common stock issuances         793,729    
Proceeds from preferred share B issuances         320,000    
Proceeds from preferred share C issuances         243,500    
Proceeds from preferred share D issuances            
Payments for warrant termination         95,000    
Prepayments of convertible notes         428,606    
Net cash provided by financing activities         1,066,639    
Net increase (decrease) in cash and cash equivalents         (2,230,258)    
Supplemental Cash Flow Disclosures              
Cash paid for interest            
Cash paid for income taxes            
Non-Cash Investing and Financing Activities:              
Cashless warrant exercises         137,766    
Convertible notes converted to common shares         (183,752)    
Additions to ROU assets from operating lease liabilities         20,038    
Common shares returned due to officer resignations         (391,666)    
Restated Adjustments              
CASH FLOWS FROM OPERATING ACTIVITIES              
Net loss (243,708)       (886,070)    
Adjustments to reconcile net income (loss) to net cash from operating activities:              
Executive salaries and consulting fees paid in stock            
Depreciation of fixed asset            
Amortization of intangible asset            
Impairment of intangible asset            
Loss/(gain) from change in fair value of derivatives            
Loss/(gain) from lease termination          
Loss/(gain) from warrant termination          
Loss from warrant exercise          
Loss/(gain) prepaid convertible note          
Non-cash interest for convertible notes            
Non-cash note conversion fees            
Non-cash lease expense            
Changes in operating assets and liabilities:              
Accounts receivable            
Receivable on asset disposal            
Interest receivable            
Related party receivable         697,709    
Prepaid expenses            
Rent security & electricity deposit            
Long-term prepayment         (36,685)    
Purchase of movie and TV series broadcast right and copyright         (2,839,049)    
Accounts payable and accrued liabilities            
Due to / from shareholders            
Tax payable         (55,347)    
Other payable            
Net cash used in operating activities         (2,875,733)    
CASH FLOWS FROM INVESTING ACTIVITIES              
Proceeds from note receivable collection            
Purchase of movie and TV series broadcast right and copyright         2,875,733    
Purchase of furniture and equipment            
Net cash used in investing activities         2,875,733    
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from issuance of convertible notes            
Proceeds from common stock issuances            
Proceeds from preferred share B issuances            
Proceeds from preferred share C issuances            
Proceeds from preferred share D issuances            
Payments for warrant termination            
Prepayments of convertible notes            
Net cash provided by financing activities            
Net increase (decrease) in cash and cash equivalents            
Supplemental Cash Flow Disclosures              
Cash paid for interest            
Cash paid for income taxes            
Non-Cash Investing and Financing Activities:              
Cashless warrant exercises            
Convertible notes converted to common shares            
Additions to ROU assets from operating lease liabilities            
Common shares returned due to officer resignations            
As Restated              
CASH FLOWS FROM OPERATING ACTIVITIES              
Net loss (1,086,881)       (2,608,544)    
Adjustments to reconcile net income (loss) to net cash from operating activities:              
Executive salaries and consulting fees paid in stock         315,127    
Depreciation of fixed asset         26,448    
Amortization of intangible asset         424,207    
Impairment of intangible asset            
Loss/(gain) from change in fair value of derivatives         (19,094)    
Loss/(gain) from lease termination       3,251    
Loss/(gain) from warrant termination       12,343    
Loss from warrant exercise       (75,000)    
Loss/(gain) prepaid convertible note $ 104,482       232,797    
Non-cash interest for convertible notes         128,661    
Non-cash note conversion fees         8,750    
Non-cash lease expense         1,190    
Changes in operating assets and liabilities:              
Accounts receivable         86,362    
Receivable on asset disposal            
Interest receivable         26,240    
Related party receivable         86,142    
Prepaid expenses         6,024    
Rent security & electricity deposit         3,891    
Long-term prepayment            
Purchase of movie and TV series broadcast right and copyright         (2,839,049)    
Accounts payable and accrued liabilities         (250,649)    
Due to / from shareholders         63,113    
Tax payable         (56,750)    
Other payable         243    
Net cash used in operating activities         (3,291,897)    
CASH FLOWS FROM INVESTING ACTIVITIES              
Proceeds from note receivable collection            
Purchase of movie and TV series broadcast right and copyright            
Purchase of furniture and equipment         5,000    
Net cash used in investing activities         (5,000)    
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from issuance of convertible notes         233,017    
Proceeds from common stock issuances         793,729    
Proceeds from preferred share B issuances         320,000    
Proceeds from preferred share C issuances         243,500    
Proceeds from preferred share D issuances            
Payments for warrant termination         95,000    
Prepayments of convertible notes         428,606    
Net cash provided by financing activities         1,066,639    
Net increase (decrease) in cash and cash equivalents         (2,230,258)    
Supplemental Cash Flow Disclosures              
Cash paid for interest            
Cash paid for income taxes            
Non-Cash Investing and Financing Activities:              
Cashless warrant exercises         137,766    
Convertible notes converted to common shares         (183,752)    
Additions to ROU assets from operating lease liabilities         20,038    
Common shares returned due to officer resignations         $ (391,666)