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Consoolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Feb. 28, 2022
Feb. 28, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (602,944) $ (1,521,663)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Executive salaries and consulting fees paid in stock 227,122 315,127
Depreciation of fixed asset 26,600 26,448
Amortization of intangible asset 1,373,134 424,207
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/(gain) from warrant exercise 75,000
Non-cash interest for convertible notes 128,661
Loss/(gain) prepaid convertible note 128,316
Non-cash note conversion fees 8,750
Non-cash dividend expense for preferred shares 2,839
Non-cash lease expense 71,430 1,190
Changes in operating assets and liabilities:    
Accounts receivable 86,362
Interest receivable 26,240
Related party receivable 1,439 86,142
Other receivable (346,255)
Prepaid expenses (10,912) 6,024
Rent security & electricity deposit (28,733) 3,891
Purchase of movie and TV series broadcast right and copyright (1,604,065) (2,839,049)
Accounts payable and accrued liabilities 29,160 (250,649)
Related party payable (54,968)
Due to / from stockholders 16,448 63,113
Tax payable (56,750)
Other payable 243
Net cash used in operating activities (899,705) (3,291,897)
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 issuance of convertible notes 233,017
Proceeds from common stock issuances 345,121 793,729
Proceeds from preferred share C issuances 366,985 563,500
Proceeds from preferred share D issuances 187,000
Payments for warrant termination (95,000)
Prepayments of convertible notes (428,606)
Net cash provided by financing activities 899,106 1,066,639
Net increase (decrease) in cash and cash equivalents (599) (2,230,258)
Cash and cash equivalents –beginning of the period 132,253 2,455,061
Cash and cash equivalents – end of the period 131,654 224,804
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 1,080,156 20,038
Common shares returned due to officer resignations $ (391,666)