Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.22.2.2
Discontinued Operations (Tables)
12 Months Ended
Aug. 31, 2022
Discontinued Operations  
Schedule of gain on asset disposal

Gain on asset disposal

 

$

 

Book value of assets sold

 

 

-

 

Cash consideration

 

 

273,373

 

Shares received

 

 

1,249,331

 

Promissory note

 

 

-

 

 

 

 

1,522,704

 

Schedule of income (loss) from discontinued operations

 

 

August 31

 

 

 

2021

 

 

 

$

 

Revenue

 

 

3,000

 

Operating expenses

 

 

(25,000 )

Net income (loss)

 

 

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

 

 

August 31

 

 

 

2021

 

 

 

$

 

Cash flows used in discontinued operating activities

 

 

 

Net income

 

 

(22,000 )

Change in working capital

 

 

2,500

 

Net cash provided by (used in) discontinued operating activities

 

 

3,000

 

 

 

 

 

 

Net cash provided by (used in) discontinued operations

 

 

3,000