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Consoolidated Statements of Cash Flows - USD ($)
6 Months Ended
Feb. 28, 2023
Feb. 28, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,278,329) $ (602,944)
Adjustments to reconcile net loss to net cash from operating activities:    
Executive salaries and consulting fees paid in stock 158,371 227,122
Depreciation of fixed asset 2,224 26,600
Amortization of intangible asset 1,779,243 1,373,134
Non-cash dividend expense for preferred shares 10,629 2,839
Non-cash lease expense 17,167 71,430
Changes in operating assets and liabilities:    
Accounts receivable (60,000)
Related party receivable 1,439
Other receivable 120,000 (346,255)
Prepaid expenses 3,555 (10,912)
Rent security & electricity deposit (28,733)
Purchase of movie and TV series broadcast right and copyright (243,276) (1,604,065)
Accounts payable and accrued liabilities (161,909) 29,160
Related party payable (15,127) (54,968)
Deferred revenue 2,715
Net cash used in operating activities (664,737) (916,153)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from common stock issuances 146,475 345,121
Proceeds from preferred share C issuances 69,000 366,985
Proceeds from preferred share D issuances 187,000
Due to stockholders 530,923 16,448
Net cash provided by financing activities 746,398 915,554
Net increase (decrease) in cash and cash equivalents 81,661 (599)
Cash and cash equivalents – beginning of period 84,223 132,253
Cash and cash equivalents – end of period 165,884 131,654
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 461,724
Transfer from purchase deposit to other receivable 420,000
Additions to ROU assets $ 1,080,156