Quarterly report pursuant to Section 13 or 15(d)

Commitments, Significant Contracts and Contingencies (Tables)

v3.24.2
Commitments, Significant Contracts and Contingencies (Tables)
9 Months Ended
May 31, 2024
Commitments, Significant Contracts and Contingencies  
Schedule of operating lease liabilities

 

 

May 31, 2024

 

 

August 31, 2023

 

 

 

$

 

 

$

 

Right of use assets - operating leases

 

 

167,446

 

 

 

52,444

 

Remeasurement related to lease extension

 

 

-

 

 

 

156,566

 

Amortization

 

 

(24,130 )

 

 

(41,564 )

Total lease assets

 

 

143,316

 

 

 

167,446

 

Liabilities:

 

 

163,967

 

 

 

49,988

 

Remeasurement related to lease extension

 

 

-

 

 

 

156,566

 

Lease payments

 

 

(26,881 )

 

 

(44,814 )

Interest accretion

 

 

5,501

 

 

 

2,227

 

Total lease liabilities

 

 

142,587

 

 

 

163,967

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

 

156,565

 

 

 

167,446

 

Operating cash flows for lease

 

 

(26,881 )

 

 

44,814

 

Remaining lease term

 

4.42 Years

 

 

5.17 Years

 

Discount rate

 

 

7.25 %

 

 

7.25 %
Schedule of maturities of operating lease liabilities

2024

 

 

8,959

 

2025

 

 

37,094

 

2026

 

 

37,345

 

2027

 

 

38,642

 

2028

 

 

38,901

 

2029

 

 

6,483

 

Thereafter

 

 

-

 

Total lease payments

 

 

167,424

 

Less: imputed interest

 

 

(24,837 )

Present value of operating lease liabilities

 

 

142,587

 

Less: current obligations under leases

 

 

(27,260 )

Total

 

 

115,327