Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)

v3.22.2
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
May 31, 2022
May 31, 2021
Cash flows used in operating activities    
Net loss and comprehensive loss $ (5,870,492) $ (2,861,483)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 519,718 410,007
Depreciation and amortization 77,986 83,788
Inventory write-off 0 2,482
Bad debt expense 0 37,000
Non-cash right of use lease expense 28,678 26,665
Gain on disposal of assets 0 (1,522,704)
Unrealized loss on marketable securities 823,916 86,810
Shares issued for services 600,000 0
Warrants issued for services 0 785,895
Lease accretion 4,166 6,179
Change in working capital    
Accounts receivable (90,574) (1,106)
Inventory (9,196) 71,976
Prepaid expenses and deposits 161,945 (11,656)
Accounts payable and accrued liabilities 56,352 86,981
Due to related parties (5,223) (57,380)
Deferred revenue 0 (44,255)
Net cash used in operating activities (3,702,724) (2,877,489)
Cash flows used in investing activities    
Disposal (acquisition) of assets (49,188) 273,375
Intellectual property (81,407) (79,493)
Net cash (used in) provided by investing activities (130,595) 193,882
Cash flows from financing activities    
Repayment of loan payable 0 (23,163)
Lease payments (33,395) (32,962)
Proceeds from issuance of equity 0 9,471,495
Net cash provided by (used in) financing Activities (33,395) 9,415,370
Net cash provided by discontinued operations 0 83,000
Net change in cash for the period (3,866,714) 6,814,763
Cash at beginning of period 10,917,797 1,293,749
Cash at end of period 7,051,083 8,108,512
Supplemental information of cash flows:    
Income taxes paid in cash 0 3,450
Non-cash consideration on asset disposal 0 1,171,599
Non-cash shares for services included in prepaid expenses $ 600,000 $ 0