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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
May 31, 2024
May 31, 2023
Cash flows from operating activities    
Net loss $ (3,929,520) $ (4,390,863)
Adjustments for non-cash income and expenses:    
Depreciation 187,729 126,139
Amortization 3,118,041 3,118,041
Property, plant and equipment impairment and abandonments 21,387
Changes in operating assets and liabilities:    
(Increase)/decrease in accounts receivables (12,647) 11,928
(Increase)/decrease in inventories (104,992) 25,532
Decrease in deposit, prepayments and advances to suppliers 147,654 205,213
Decrease in operating lease right-of-use assets 61,351 148,286
Increase/(decrease) in accounts payable and accruals 56,584 (74,641)
Decrease in deferred revenue (48,632) (69,922)
Decrease in operating lease liabilities (64,369) (165,987)
Decrease in other payables (6,258) (14,152)
Increase in amounts due to shareholders 524,587 303,123
Net cash used in operations (70,472) (755,916)
Cash flows from investing activity    
Purchase of property, plant and equipment (102,414) (29,473)
Cash used in investing activity (102,414) (29,473)
Cash flows from financing activities    
Payments of hire purchase (5,885) (6,570)
Payment of offering costs (449,576)
Proceeds from issuance of common stock 443,498
Proceeds from shares to be issued 625,331
Proceeds from capital contribution 65,598 157,255
Net cash (used in)/generated from financing activities (389,863) 1,219,514
Net (decrease)/increase in cash and cash equivalents (562,749) 434,125
Effect of exchange rate changes (170,798) (61,568)
Cash and cash equivalents at start of period 779,049 152,304
Cash and cash equivalents at end of period $ 45,502 $ 524,861