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Consoolidated Statements of Cash Flows - USD ($)
3 Months Ended
Nov. 30, 2022
Nov. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,209,790) $ (1,052,045)
Adjustments to reconcile net loss to net cash from operating activities:    
Executive salaries and consulting fees paid in stock 82,800 3,750
Depreciation of fixed asset 1,116 13,300
Amortization of intangible asset 923,499 686,567
Non-cash dividend expense for preferred shares 5,764 1,511
Non-cash lease expense 8,584 34,284
Changes in operating assets and liabilities:    
Accounts receivable (60,000)
Prepaid expenses 3,555 (10,912)
Rent security & electricity deposit (28,733)
Purchase of movie and TV series broadcast right and copyright (243,276) (661,200)
Accounts payable and accrued liabilities 270,733 10,797
Related party payable (5,127) (16,512)
Other payable 389,120
Net cash used in operating activities (222,142) (630,073)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from common stock issuances 87,975 226,015
Proceeds from preferred share C issuances 69,000 288,950
Proceeds from preferred share D issuances 153,000
Due to stockholders 1,184 523
Net cash provided by financing activities 158,159 668,488
Net (decrease) increase in cash and cash equivalents (63,983) 38,415
Cash and cash equivalents – beginning of period 84,223 132,253
Cash and cash equivalents – end of period 20,240 170,668
Supplemental Cash Flow Disclosures    
Cash paid for interest
Cash paid for income taxes
Non-Cash Investing and Financing Activities:    
Transfer from purchase deposit to intangible assets 356,724
Subscription receivable for common stock issuance 58,500
Additions to ROU assets 1,080,156
Preferred shares and dividend shares converted into common shares $ 75,000