Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.22.2
Discontinued Operations (Tables)
9 Months Ended
May 31, 2022
Discontinued Operations  
Schedule on gain on asset disposal

Gain on asset disposal

 

 

 

Book value of assets sold

 

$ -

 

Cash consideration

 

 

273,373

 

Shares received

 

 

468,264

 

Shares receivable

 

 

781,067

 

Promissory note

 

 

-

 

 

 

$ 1,522,704

 

Schedule of asset sold

 

 

Nine Months Ended

 

 

 

 May 31,

 

 

 

2022

 

 

2021

 

Revenue

 

$ -

 

 

$ 3,000

 

Operating Expenses

 

 

-

 

 

 

25,000

 

Net Income (loss)

 

$ -

 

 

$ (22,000 )
Schedule of cash flows of discontinued operations

 

 

Nine Months Ended

 

 

 

May 31,

 

 

 

2022

 

 

2021

 

Cash flows used in discontinued operating activities 

 

 

 

 

 

 

Net income

 

$ -

 

 

$ (22,000 )

Change in working capital

 

 

-

 

 

 

105,000

 

Net cash used in discontinued operating activities

 

$ -

 

 

$ 83,000

 

 

 

 

 

 

 

 

 

 

Net cash provided by discontinued operations

 

$ -

 

 

$ 83,000