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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
3 Months Ended 12 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Aug. 31, 2021
Aug. 31, 2020
CONSOLIDATED STATEMENTS OF CASH FLOW        
Net income (loss) $ (239,853) $ (237,268) $ 1,039,932 $ (2,580,068)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 0 430 1,414 2,613
Debt/stock based issue costs     0 (301,581)
(Gain) Loss on change in fair value of derivative liability 0 173,154 (1,454,480) 1,731,647
Interest accretion     114,599 0
Impairment expense 17,598 0 19,450 76,960
Prior year correction to note payable, current portion (See Note 6)     0 (39,500)
Gain on extinguishment of debt (143,956) 0    
Realized income on investment 0 (2,087) (8,349) (2,783)
Changes in operating assets and liabilities:        
Accounts receivable 0 (3,080)    
Inventory 0 1,000 1,000 166,113
Prepaid expenses (1,450) 4,945 (55) 11,666
Notes receivable 0 28,820 132,852 67,148
Accounts payable and accrued expenses     132,101 422,517
Accounts Payable (22,745) 45,529    
Accrued expenses 101,242 0    
Related party payable (64,600) 226 (8,869) 35,020
Net cash provided by (used in) operating activities (353,764) 11,669 (30,405) (410,248)
Cash flows from investing activities:        
Repurchase and retirement of common stock       (80,000)
Cash paid for asset purchase (350,000) 0    
Notes receivable investment (500,000) 0 0 (300,000)
Net cash used in investing activities (850,000) 0 0 (380,000)
Cash flows from financing activities        
Proceeds from convertible notes payable     0 828,000
Proceeds from notes payable     150,000 0
Repayment of convertible notes payable       (38,846)
Proceeds form series B-1 preferred stock purchase agreements 4,000,000 0    
Net cash provided by financing activities 4,000,000 0 150,000 789,154
Net increase (decrease) in cash 2,796,236 11,669 119,595 (1,094)
Cash - beginning of the year 137,476 17,881 17,881 18,975
Cash - end of the year 2,933,712 29,550 137,476 17,881
Supplemental disclosures:        
Interest paid 0 0 0 0
Income taxes 0 0 0 0
Non-cash transactions:        
Preferred stock dividends accrued 136,887 12,575 169,633 50,300
Discount on convertible note payable     0 129,615
Issuance of common stock from shares to be issued $ 40,654,827 $ 0 $ 0 $ 160,000