Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENT OF CASH FLOWS

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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Cash flows used in operating activities    
Net loss and comprehensive loss $ (4,186,148) $ (4,084,613)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 410,007 1,139,270
Depreciation and amortization 111,718 112,750
Inventory write-off 2,482 8,240
Bad debt 50,500 50,000
Amortization on right of use asset 35,879 33,342
Realized loss on disposal of marketable securities 0 18,198
Unrealized loss on marketable securities 166,255 19,893
Gain on asset disposal (1,522,704) 0
Common shares issued for services 85,000 100,000
Warrants issued for services 785,895 168,833
Lease accretion 7,912 9,665
Change in working capital    
Accounts receivable 189,580 (90,780)
Inventory 95,037 4,213
Prepaid expenses and deposits (137,158) (113,168)
Accounts payable and accrued liabilities 13,803 (49,491)
Due to related parties (53,481) 10,608
Deferred revenue (44,255) 44,255
Net cash used in operating activities (3,989,678) (2,618,785)
Cash flows from (used in) investing activities    
Sale of marketable securities 0 6,802
Intellectual property (79,493) (33,645)
Asset disposition 273,373 0
Net cash from (used in) investing activities 193,880 (26,843)
Cash flows from financing activities    
Long term loan (22,744) 30,670
Lease payments (43,950) (44,496)
Proceeds from issuance of equity 9,471,497 2,668,056
Proceeds from warrant exercises 4,015,043 0
Net cash from financing activities 13,419,846 2,654,230
Increase in cash 9,624,048 8,602
Cash, beginning of year 1,293,749 1,285,147
Cash, end of year 10,917,797 1,293,749
Supplemental information of cash flows:    
Income taxes paid in cash (16,297) (12,978)
Marketable securities received on amounts receivable $ 893,493 $ 0