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LOANS AND NOTES PAYABLE DISCLOSURE: Schedule of Loans and Notes Payable (Tables)
12 Months Ended
Aug. 31, 2024
Tables/Schedules  
Schedule of Loans and Notes Payable

 

Description

 

Principal

Amount

 

Date of

Loan Note

 

Maturity

Date

 

August 31,

2024

 

August 31,

2023

 

 

 

 

 

 

 

 

 

 

(Restated)

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $225.00 or 50% of the lowest market price in the preceding 30 trading days. See note (a) below.

$

27,500

 

10/19/2022

 

7/19/2023

 

$

-

 

$

27,500

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from CC Strategic Enterprises LLC, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $225.00 or 50% of the lowest market price in the preceding 30 trading days. See note (b) below.

 

27,500

 

10/19/2022

 

7/19/2023

 

 

-

 

 

27,500

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $297.00 or 50% of the lowest market price in the preceding 30 trading days. See note (c) below.

 

22,000

 

12/21/2022

 

9/21/2023

 

 

-

 

 

22,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from John Morgan, 6 months, 12% interest (18% default rate), convertible at the lower of the initial conversion price of $297.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default and is with a related party.

 

50,000

 

3/9/2023

 

9/5/2023

 

 

50,000

 

 

50,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $60.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

22,000

 

7/28/2023

 

4/28/2024

 

 

22,000

 

 

22,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $27.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

16,500

 

9/26/2023

 

6/26/2024

 

 

16,500

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $27.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

16,500

 

10/17/2023

 

7/17/2024

 

 

16,500

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $15.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

47,300

 

10/30/2023

 

7/30/2024

 

 

47,300

 

 

-

 

Description

 

Principal

Amount

 

Date of

Loan Note

 

Maturity

Date

 

August 31,

2024

 

August 31,

2023

 

 

 

 

 

 

 

 

 

 

(Restated)

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $15.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

27,500

 

11/9/2023

 

8/9/2024

 

 

27,500

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $57.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

27,500

 

12/21/2023

 

9/17/2024

 

 

27,500

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest, convertible at the lower of the initial conversion price of $57.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

27,500

 

1/17/2024

 

10/9/2024

 

 

27,500

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $57.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

33,000

 

2/9/2024

 

11/29/2024

 

 

33,000

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $15.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

47,300

 

3/11/2024

 

12/11/2024

 

 

47,300

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $15.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

47,300

 

3/15/2024

 

12/15/2024

 

 

47,300

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $12.00 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

60,500

 

5/30/2024

 

2/28/2025

 

 

60,500

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $1.59 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

33,000

 

7/12/2024

 

4/12/2025

 

 

33,000

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible loan from World Market Ventures, 9 months, 9% interest (12% default rate), convertible at the lower of the initial conversion price of $0.75 or 50% of the lowest market price in the preceding 30 trading days. This note is in default.

 

77,000

 

8/29/2024

 

5/29/2025

 

 

77,000

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan from John Morgan, 12 months, no interest

$

3,036

 

9/1/2022

 

9/1/2023

 

$

-

 

$

3,036

 

 

 

 

 

 

 

 

 

August 31,

2024

 

August 31,

2023

 

 

 

 

 

 

 

 

 

 

(Restated)

Total

 

 

 

 

 

 

 

$

532,900

 

$

152,036

 

 

 

 

 

 

 

 

 

 

 

 

 

Less debt discount

 

 

 

 

 

 

 

$

(173,463)

 

$

(11,910)

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term total

 

 

 

 

 

 

 

$

-

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term total

 

 

 

 

 

 

 

$

359,437

 

$

140,126