Quarterly report pursuant to Section 13 or 15(d)

Commitments, Significant Contracts and Contingencies (Tables)

v3.21.2
Commitments, Significant Contracts and Contingencies (Tables)
9 Months Ended
May 31, 2021
Commitments, Significant Contracts and Contingencies  
Schedule of right of use assets

Right of use assets - operating leases:

 

$

 

February 28, 2021

 

 

109,306

 

Amortization

 

 

(9,050 )

Total right of use assets

 

 

100,256

 

Liabilities:

 

 

 

 

February 28, 2021

 

 

107,738

 

Lease payments

 

 

(10,987 )

Interest accretion

 

 

1,898

 

Total lease liabilities

 

 

98,649

 

 

Operating lease cost as at May 31, 2021

 

 

 

Operating cash flows for lease

 

 

10,948

 

Remaining lease term (years)

 

 

2.42

 

Discount rate

 

 

7.25 %
Schedule of maturities of operating lease

2021

 

 

10,987

 

2022

 

 

44,599

 

2023

 

 

44,816

 

2024

 

 

7,469

 

Thereafter

 

 

-

 

Total lease payments

 

 

107,871

 

Less: imputed interest

 

 

(9,222 )

Present value of operating lease liabilities

 

 

98,649

 

Less: current obligations under leases

 

 

(38,485 )

Total

 

 

60,164