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Consoolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
May 31, 2023
May 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,926,072) $ (1,787,110)
Adjustments to reconcile net loss to net cash from operating activities:    
Executive salaries and consulting fees paid in stock 185,971 323,723
Depreciation of fixed asset 3,332 39,902
Amortization of intangible asset 2,519,934 2,235,533
Non-cash dividend expense for preferred shares 14,545 17,343
Non-cash penalty expense 141,945
Non-cash lease expense 25,752 79,957
Changes in operating assets and liabilities:    
Accounts receivable (310,000) (8,120)
Related party receivable 1,439
Prepaid expenses 10,665 11,233
Rent security & electricity deposit (28,733)
Purchase deposits refunded (paid) 420,000 (1,151,480)
Purchase of movie and TV series broadcast right and copyright (243,276) (708,400)
Accounts payable and accrued liabilities (173,023) 215,622
Accounts payable - related party 6,388
Deferred revenue (1,225)
Net cash used in operating activities (467,009) (617,146)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of intangible assets (280,000)
Net cash used in investing activities (280,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Advances from related party 255,415 318,596
Repayment to related party (15,127) (202,689)
Advances from stockholders 569,912 40,779
Repayment to stockholders (508,044) (18,038)
Proceeds from common stock issuances 146,475 370,422
Proceeds from preferred stock C issuances 69,000 440,585
Proceeds from preferred stock D issuances 187,000
Net cash provided by financing activities 517,631 1,136,655
Net increase in cash and cash equivalents 50,622 239,509
Cash and cash equivalents – beginning of period 84,223 132,253
Cash and cash equivalents – end of period 134,845 371,762
Supplemental Cash Flow Disclosures    
Cash paid for interest
Cash paid for income taxes
Non-Cash Investing and Financing Activities:      
Transfer from other receivable to long term prepayment 644,785
Transfer from purchase deposits to intangible assets 461,724 761,600
Additions to ROU assets from operating lease liabilities $ 1,207,789