XML 42 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2021
Aug. 31, 2021
Aug. 31, 2020
Current assets:      
Cash $ 2,933,712 $ 137,476 $ 17,881
Inventory 0 17,000 37,450
Prepaid expenses 15,450 14,000 13,945
Notes receivable, net of discount   0 132,852
Total current assets 2,949,162 168,476 202,128
Other assets      
Equity investment, net of discount 0 11,132 2,783
Equipment, net of accumulated depreciation of $4,558 and $3,144, respectively 0 598 2,012
Trademarks 1,680 1,680 1,680
Intangibles 81,427,827    
Total other assets 81,429,507 13,410 6,475
Total Assets 84,378,669 181,886 208,603
Current liabilities:      
Accounts payable 437,041    
Accrued expenses 103,298    
Mioxal liability 28,500,000    
Accounts payable and accrued expenses   43,930 443,496
Related party payable 0 64,600 73,469
Derivative liability 0 0 1,454,480
Note payable, current portion 10,000 160,000 10,000
Note payable, convertible net of discount   0 831,170
Dividends payable 275,082 138,195 73,995
Total current liabilities 29,325,421 406,725 2,886,610
Long term liabilities:      
Mioxal liability 11,000,000    
Total long term liabilities 11,000,000    
Total liabilities 40,325,421 406,725 2,886,610
Commitments and contingencies 0 0 0
Stockholders' equity (deficiency):      
Common stock, $0.001 par value; 200,000,000 shares authorized; 188,616 and 187,194 shares issued and outstanding as of August 31, 2021 and 2020, respectively 20,020 188 187
Additional paid in capital 47,375,512 2,745,906 1,157,253
Accumulated deficit (3,350,368) (2,973,628) (3,843,927)
Total stockholders' equity (deficiency) 44,053,248 (224,839) (2,678,007)
Total Liabilities and Stockholders' equity 84,378,669 181,886 208,603
Preferred stock Series A [Member]      
Stockholders' equity (deficiency):      
Preferred stock value 0 0 8,480
Preferred stock Series B [Member]      
Stockholders' equity (deficiency):      
Preferred stock value $ 8,084 $ 2,695 $ 0