v3.24.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
May 31, 2024
May 31, 2023
Cash flows used in operating activities    
Net loss $ (3,622,083) $ (5,463,510)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 395,726 160,748
Depreciation and amortization 59,783 74,469
Impairment loss 57,836 0
Noncash lease expense 24,130 30,882
Unrealized loss on marketable securities 79,335 77,775
Lease accretion 5,501 1,961
Change in operating assets and liabilites    
Accounts receivable (81,759) 29,500
Inventory 0 43,069
Prepaid expenses and deposits 167,237 (52,979)
Accounts payable and accrued liabilities (111,153) 872,138
Operating lease liability (26,881) (33,610)
Long-term receivables (15,016) 0
Net cash used in operating activities (3,067,344) (4,259,557)
Cash flows used in investing activities    
Additions in intellectual property (119,018) (67,425)
Purchase of equipment 0 (33,748)
Net cash used in investing activities (119,018) (101,173)
Cash flows from financing activities    
Proceeds from shares sold for cash 4,208,731 1,711,418
Proceeds from exercise of stock options and warrants 6,106,476 0
Net cash from financing activities 10,315,207 1,711,418
Effect of exchange rate changes on cash (21,866) 0
Net change in cash for the period 7,106,979 (2,649,312)
Cash at beginning of period 1,352,102 5,813,218
Cash at end of period 8,459,081 3,163,906
Supplemental information of cash flows:    
Income taxes (refund) paid in cash 0 8,214
Remeasurement of operating lease right of use assets and liabilities $ 0 $ 156,565

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