Annual report pursuant to Section 13 and 15(d)

Commitments Significant Contracts and Contingencies (Tables)

v3.21.2
Commitments Significant Contracts and Contingencies (Tables)
12 Months Ended
Aug. 31, 2021
Commitments Significant Contracts and Contingencies  
Schedule of management and service agreements

 

 

August 31, 2021

 

 

August 31, 2020

 

 

 

 

 

 

Right of use assets - operating leases:

 

 

126,920

 

 

 

160,289

 

Amortization

 

 

(35,879 )

 

 

(33,369 )

Total lease assets

 

 

91,041

 

 

 

126,920

 

Liabilities:

 

 

125,431

 

 

 

158,773

 

Lease payments

 

 

(43,950 )

 

 

(43,764 )

Interest accretion

 

 

7,912

 

 

 

10,423

 

Total lease liabilities

 

 

89,393

 

 

 

125,431

 

Schedule of information about operating lease

Operating lease cost

 

$ 91,041

 

 

$ 126,920

 

Operating cash flows for lease

 

$ 43,950

 

 

$ 43,764

 

Remaining lease term

 

2.1 Years

 

 

3.1 Years

 

Discount rate

 

 

7.25 %

 

 

7.25 %
Schedule of maturities of operating lease liabilities

 

 

 

2022

 

 

44,599

 

2023

 

 

44,816

 

2024

 

 

7,469

 

Thereafter

 

 

-

 

Total lease payments

 

 

96,884

 

Less: imputed interest

 

 

(7,491 )

Present value of operating lease liabilities

 

 

89,393

 

Less: current obligations under leases

 

 

(39,404 )

Total

 

 

49,989