CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
May 31, 2021 |
May 31, 2020 |
May 31, 2021 |
May 31, 2020 |
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| CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) | ||||
| Revenue (Notes 16, 18) | $ 204,055 | $ 36,423 | $ 691,717 | $ 250,804 |
| Cost of Goods Sold | 59,989 | 20,319 | 155,037 | 86,278 |
| Gross profit | 144,066 | 16,104 | 536,680 | 164,526 |
| Expenses | ||||
| Accounting and audit | 6,472 | 17,113 | 64,382 | 43,642 |
| Depreciation and amortization (Notes 10, 11, 12) | 27,929 | 28,081 | 83,788 | 83,875 |
| Advertising and promotions | 325,500 | 48,124 | 410,273 | 128,295 |
| Bad debt | 0 | 25,000 | 37,000 | 25,000 |
| Consulting (Notes 14, 15) | 1,268,668 | 944,210 | 1,960,468 | 1,949,234 |
| Investor relations | 134,540 | 0 | 212,691 | 21,277 |
| Legal and professional | 120,434 | 149,257 | 529,776 | 289,614 |
| Office and miscellaneous | 106,621 | 55,402 | 365,433 | 193,857 |
| Research and development | 454,443 | 24,557 | 823,102 | 318,577 |
| Travel | 0 | 2,566 | 850 | 46,178 |
| Wages and salaries | 196,153 | 125,274 | 343,812 | 303,635 |
| Gain on disposal of assets (Note 22) | 0 | 18,198 | (1,522,704) | 18,198 |
| Unrealized (gain)/loss on marketable securities (Note 21) | 69,858 | (19,654) | 86,810 | 20,937 |
| Inventory write-off (Note 10) | 0 | 8,240 | 2,482 | 8,240 |
| Total Operating Expenses | 2,710,618 | 1,426,368 | 3,398,368 | 3,450,559 |
| Net loss from continuing operations | (2,566,552) | (1,410,264) | (2,861,483) | (3,286,033) |
| Discontinued operations | ||||
| Income (loss) from discontinued operations (Note 22) | 0 | 19,611 | 22,000 | 83,795 |
| Net loss and comprehensive loss for the period | (2,566,552) | (1,390,653) | (2,883,483) | (3,202,238) |
| Net loss and comprehensive loss attributable to: | ||||
| Common shareholders | (2,556,997) | (1,361,381) | (2,848,914) | (3,108,368) |
| Non-controlling interest | $ (9,555) | $ (29,272) | $ (34,569) | $ (93,870) |
| Basic and diluted income (loss) per share | ||||
| Continuing operations | $ (0.40) | $ (0.50) | $ (0.70) | $ (1.19) |
| Discontinued operations | 0 | (0.01) | (0.01) | (0.03) |
| Total | $ (0.50) | $ (0.50) | $ (0.71) | $ (1.23) |
| Weighted average number of common shares outstanding | ||||
| Basic and diluted | 5,104,332 | 2,769,488 | 4,056,755 | 2,698,763 |
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- Definition Costs incurred in providing technology services. The services may include training, installation, engineering or consulting. Consulting services often include implementation support, software design or development, or the customization or modification of No definition available.
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- Definition Investor relations No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per basic and diluted share amount, after tax, of the gain (loss) on the disposal of discontinued operations, when the per share amount is the same. No definition available.
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- References No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of loss from reductions in inventory due to subsequent measurement adjustments, including, but not limited to, physical deterioration, obsolescence, or changes in price levels. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer employee. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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- References No definition available.
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