v3.22.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Cash flows used in operating activities    
Net loss and comprehensive loss $ (3,452,154) $ (294,931)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 408,544 66,041
Depreciation and amortization 54,093 55,859
Inventory write-off 0 2,482
Bad debt expense 0 37,000
Non-cash right of use lease expense 18,942 17,614
Gain on disposal of assets 0 (1,522,704)
Unrealized loss on marketable securities (281,473) (16,952)
Shares issued for services 300,000 0
Lease accretion 2,954 4,282
Change in working capital    
Accounts receivable 164,221 69,264
Inventory (1,161) (16,883)
Prepaid expenses and deposits 97,292 (181,651)
Accounts payable and accrued liabilities 15,868 59,574
Due to related parties (5,223) 148,102
Deferred revenue 0 43,255
Net cash used in by operating activities (2,443,593) (1,720,782)
Cash flows used in investing activities    
Disposal (acquisition) of assets (42,375) 273,375
Intellectual property (50,263) (8,766)
Net cash (used in) provided by investing activities (92,638) 264,609
Cash flows from financing activities    
Repayment of loan payable 0 (23,163)
Lease payments (22,191) (21,975)
Proceeds from issuance of equity 0 9,471,495
Net cash provided by (used in) financing Activities 22,191 9,426,357
Net cash provided by discontinued operations 0 83,000
Net change in cash for the period (2,558,422) 8,053,184
Cash at beginning of period 10,917,797 1,293,749
Cash at end of period 8,359,374 9,346,933
Supplemental information of cash flows:    
Income taxes paid in cash 0 3,450
Non-cash consideration on asset disposal 0 1,171,599
Non-cash shares for services included in prepaid expenses $ 900,000 $ 0

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