Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.21.2
Discontinued Operations (Tables)
12 Months Ended
Aug. 31, 2021
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

 

 

August 31

 

 

August 31

 

 

 

2021

 

 

2020

 

 

 

 

 

 

Revenue

 

 

3,000

 

 

 

69,750

 

Operating expenses

 

 

(25,000

)

 

 

(5,566

)

Net income (loss)

 

 

(22,000 )

 

 

64,184

 

Schedule of cash flows of discontinued operations

 

 

August 31

 

 

August 31

 

 

 

2021

 

 

2020

 

 

 

 

 

 

Cash flows used in discontinued operating activities

 

 

 

 

 

 

Net income

 

 

(22,000 )

 

 

64,184

 

Change in working capital

 

 

25,000

 

 

 

(99,000 )
Net cash provided by (used in) discontinued operating activities

 

 

3,000

 

 

 

(34,816 )

 

 

 

 

 

 

 

 

 

Net cash provided by (used in) discontinued operations

 

 

3,000

 

 

 

(34,816 )
Schedule of classes of assets and liabilities

 

 

August 31

 

 

August 31

 

 

 

2021

 

 

2020

 

 

 

 

 

 

Current Assets

 

 

 

 

 

 

Accounts receivable

 

 

-

 

 

 

105,250

 

Current Liabilities

 

 

 

 

 

 

 

 

Accounts payable

 

 

-

 

 

 

250