Quarterly report pursuant to Section 13 or 15(d)

Commitments Significant Contracts and Contingencies (Tables)

v3.22.1
Commitments Significant Contracts and Contingencies (Tables)
6 Months Ended
Feb. 28, 2022
Commitments Significant Contracts and Contingencies  
Schedule of management and service agreements

 

 

February 28,

2022

 

 

August 31,

2021

 

 

 

$

 

 

$

 

Right of use assets - operating leases

 

 

126,920

 

 

 

126,920

 

Amortization

 

 

(54,821 )

 

 

(35,879 )

Total lease assets

 

 

72,099

 

 

 

91,041

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

89,393

 

 

 

125,431

 

Lease payments

 

 

(22,191 )

 

 

(43,950 )

Interest accretion

 

 

2,954

 

 

 

7,912

 

Total lease liabilities

 

 

70,156

 

 

 

89,393

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

 

72,099

 

 

 

91,041

 

Operating cash flows for lease

 

 

22,191

 

 

 

43,950

 

Remaining lease term

 

1.7 Years

 

 

2.1 Years

 

Discount rate

 

 

7.50 %

 

 

7.50 %

2022

 

$ 22,407

 

2023

 

 

44,816

 

2024

 

 

7,469

 

Thereafter

 

 

-

 

Total lease payments

 

$ 74,692

 

Less: imputed interest

 

 

(4,536 )

Present value of operating lease liabilities

 

$ 70,156

 

Less: current obligations under leases

 

 

(41,076 )

Total

 

$ 29,080