XML 65 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Statements of Operations - USD ($)
12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Revenue from the sale of mining equipment $ 231,133 $ 244,036
Revenue from hosting 48,305 12,020
Revenue from self-mining 3,030,910 389,222
Total revenue 3,310,348 645,278
Gross profit 761,027 222,469
Operating expenses:    
General and administrative expenses 164,228 45,008
Depreciation 923,545 470,705
Marketing expense 0 214,550
Investor relations 178,190 0
Travel expense 27,746 34,431
Professional fees 615,256 456,323
Officer’s compensation 841,106 951,106
Director’s compensation 52,800 13,200
Employee shareholder’s compensation 399,447 345,440
Impairment of fixed assets 120,000 122,950
Realized gain from the sale of bitcoin (113,803) (21,682)
Impairment of cryptocurrency 0 3,523
Total operating expenses 3,208,513 2,635,553
Loss from operations (2,447,485) (2,413,083)
Other income (expense)    
Interest expense (268,578) (97,460)
Loss on the extinguishment of debt (355,123) 0
Loss on investment in joint venture (311,313) 0
Gain on note settlement 35,379 0
Other income 0 16,939
Interest income 54,617 28,720
Other (expense), net (845,018) (51,801)
Net loss $ (3,292,503) $ (2,464,884)
Basic (loss) per common share $ (0.07) $ (0.05)
Diluted (loss) per common share $ (0.07) $ (0.05)
Weighted-average number of common shares outstanding, Basic 49,878,610 49,055,973
Weighted-average number of common shares outstanding, Diluted 49,878,610 49,055,973
Sale of Mining Equipment [Member]    
Cost of revenue $ 180,891 $ 87,080
Self Mining [Member]    
Cost of revenue 2,330,752 326,630
Hosting Services [Member]    
Cost of revenue $ 37,678 $ 9,098