v3.21.2
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
May 31, 2021
May 31, 2020
Cash flows used in operating activities    
Net loss and comprehensive loss $ (2,861,483) $ (3,286,033)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 410,007 1,139,270
Depreciation and amortization 83,788 83,875
Inventory write-off 2,482 8,240
Bad debt expense 37,000 25,000
Noncash right of use lease expense 26,664 0
Gain on asset disposal (1,522,704) 0
Realized loss on disposal of investment 0 18,198
Unrealized loss on marketable securities 86,810 20,937
Warrants issued for services 785,895 168,833
Change in working capital    
Accounts receivable (1,106) (30,815)
Inventory 71,976 (13,396)
Prepaid expenses and deposits 11,656 (20,013)
Accounts payable and accrued liabilities 86,981 (81,284)
Due to related parties (57,380) (18,501)
Operating lease liability (26,782) 0
Deferred revenue (44,255) 6,250
Net cash (used in) by operating activities (2,910,451) (1,979,439)
Cash flows used in investing activities    
Sale of marketable securities 0 6,802
Intellectual property (79,493) (20,007)
Disposal of assets 273,375 0
Net cash provided by (used in) investing activities 193,882 (13,205)
Cash flows from financing activities    
Repayment of loan payable (23,163) 28,756
Proceeds from issuance of equity 9,471,495 2,714,627
Net cash from financing Activities 9,448,332 2,743,383
Net cash from discontinued operations 83,000 (1,875)
Net change in cash for the period 6,814,763 748,864
Cash at beginning of period 1,293,749 1,285,147
Cash at end of period 8,108,512 2,034,011
Supplemental information of cash flows:    
Income taxes paid in cash 3,540 (10,459)
Non-cash consideration on asset disposal $ 1,171,599 $ 0

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