XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets - USD ($)
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
 Current Assets    
Cash and cash equivalents $ 84,223 $ 132,253
Prepaid expenses 13,035 13,566
Related party receivable 1,439
Subscription receivable 87,239
Purchase deposit for intangible assets, current portion 644,785
Total Current Assets 97,258 879,282
 Property and equipment, net 12,695 53,705
 Right of use operating lease assets, net 1,004,018 47,827
 Intangible assets, net 3,798,282 3,998,805
 Purchase deposits for intangible assets, non-current 881,724 761,600
 Security deposit 45,240 16,508
 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 5,839,217 5,757,727
 Current Liabilities    
Accounts payable and accrued liabilities 293,786 122,110
Related party payable 15,127 933,434
Current portion of obligations under operating leases 229,813 48,226
Due to stockholders 377,398 2,347
Deferred revenue 38,000
Dividend payable 1,834
 Total Current Liabilities 954,124 1,107,951
 Obligations under operating leases, non-current 863,145
 Total Liabilities 1,817,269 1,107,951
 Stockholders’ Equity    
 Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized;
Common stock, $0.001 par value, 10,000,000,000 shares authorized; 384,512,583 and 226,589,735 shares issued and outstanding, as of August 31, 2022 and 2021, respectively 384,512 226,590
 Additional paid-in capital 12,636,838 11,009,517
 Accumulated deficit (8,789,901) (6,578,978)
 Unearned stock compensation (209,957) (7,473)
 Total Stockholders’ Equity 4,021,948 4,649,776
Revenue 2,928,000 115,091
Cost of revenue (3,221,789) (1,494,328)
Gross Loss (293,789) (1,379,237)
OPERATING EXPENSES    
General and administrative expenses (1,190,360) (1,511,333)
Related party salary and wages (547,638) (333,337)
Total Operating Expenses (1,737,998) (1,844,670)
Loss From Operations (2,031,787) (3,223,907)
OTHER INCOME (EXPENSES)    
Rent income 1,920
Interest expense, net (239) (156,815)
Penalty expenses (141,945)
Gain from change in fair value 64,584
Loss from lease termination (3,251)
Loss from prepaid convertible note (232,797)
Loss from warrant termination (12,343)
Loss from warrant exercise (75,000)
Total Other Expenses (142,184) (413,702)
Loss Before Income Tax Benefit (2,173,971) (3,637,609)
Income tax benefit 55,347
NET LOSS (2,173,971) (3,582,262)
Preferred shares dividend expense (36,952) (25,835)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS $ (2,210,923) $ (3,608,097)
NET LOSS PER SHARE: BASIC $ (0.01) $ (0.02)
NET LOSS PER SHARE: DILUTED $ (0.01) $ (0.02)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC 290,712,023 194,571,251
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: DILUTED 290,712,023 194,571,251
Preferred Class A [Member]    
 Stockholders’ Equity    
 Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized; $ 100 $ 100
Preferred Class B [Member]    
 Stockholders’ Equity    
 Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized; 20 20
Preferred Class C [Member]    
 Stockholders’ Equity    
 Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized; 336
Preferred Class D [Member]    
 Stockholders’ Equity    
 Preferred stock, $0.001 par value, 10,000,000 preferred shares authorized;