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Consoolidated Statements of Cash Flows - USD ($)
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,210,923) $ (3,608,097)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Executive salaries and consulting fees paid in stock 418,516 568,627
Depreciation of fixed asset 41,010 53,048
Amortization of intangible asset 3,221,789 1,468,728
Gain from change in fair value of derivatives (64,584)
Loss from lease termination 3,251
Loss from warrant termination 12,343
Loss from warrant exercise 75,000
Loss from prepaid convertible notes 232,797
Non-cash interest for convertible notes 156,822
Non-cash note conversion fees 8,750
Non-cash penalty and dividend expense for preferred shares 172,897 25,835
Non-cash lease expense 88,541 1,590
Changes in operating assets and liabilities:    
Accounts receivable 137,700
Interest receivable 26,240
Related party receivable 1,439 86,142
Purchase deposit (644,785)
Prepaid expenses 531 (2,542)
Rent security & electricity deposit (28,732) 1,920
Purchase of movie and TV series broadcast right and copyright (2,496,605) (4,312,053)
Accounts payable and accrued liabilities 171,676 (240,950)
Related party payable (918,307) 927,930
Tax payable (56,750)
Deferred revenue 38,000
Net cash used in operating activities (1,500,168) (5,143,038)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property 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 318,141 2,220,812
Proceeds from preferred share B issuances 320,000
Proceeds from preferred share C issuances 586,906 243,500
Proceeds from preferred share D issuances 172,040 723,000
Payments for warrant termination (95,000)
Prepayments of convertible notes (821,970)
Due to shareholders 375,051 1,871
Net cash provided by financing activities 1,452,138 2,825,230
Net decrease in cash and cash equivalents (48,030) (2,322,808)
Cash and cash equivalents – beginning of the year 132,253 2,455,061
Cash and cash equivalents – end of the year 84,223 132,253
Supplemental Cash Flow Disclosures    
Cash paid for interest 239
Cash paid for income taxes
Non-Cash Investing and Financing Activities:    
Cashless warrant exercises 137,766
Convertible notes converted to common shares (183,752)
Transfer from purchase deposit to intangible assets 1,406,385
Additions to ROU assets 1,207,789 27,421
Common shares returned due to officer resignations (391,667)
Preferred shares series C dividend paid in shares 16,802
Preferred shares series D dividend paid in shares 7,200
Preferred shares and dividend shares converted into common shares $ 990,502