Quarterly report pursuant to Section 13 or 15(d)

Commitments, Significant Contracts and Contingencies (Tables)

v3.24.1.u1
Commitments, Significant Contracts and Contingencies (Tables)
6 Months Ended
Feb. 29, 2024
Commitments, Significant Contracts and Contingencies  
Schedule of operating lease liabilities

 

 

February 29,

2024

 

 

August 31,

2023

 

Right of use assets - operating leases

 

$ 167,446

 

 

$ 52,444

 

Amortization

 

 

(17,449 )

 

 

(41,564 )

Extension-related remeasurement

 

 

-

 

 

 

156,566

 

Total lease assets

 

$ 149,997

 

 

$ 167,446

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

$ 163,967

 

 

$ 49,988

 

Lease payments

 

 

(17,922 )

 

 

(44,814 )

Interest accretion

 

 

2,840

 

 

 

2,227

 

Extension-related remeasurement

 

 

-

 

 

 

156,566

 

Total lease liabilities

 

$ 148,885

 

 

$ 163,967

 

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$ 156,565

 

 

$ 167,446

 

Operating cash flows for lease

 

$ 17,922

 

 

$ 44,814

 

Remaining lease term

 

4.75 Years

 

 

5.17 Years

 

Discount rate

 

 

7.25 %

 

 

7.25 %
Schedule of maturities of operating lease liabilities

2024

 

$ 17,918

 

2025

 

 

37,094

 

2026

 

 

37,345

 

2027

 

 

38,642

 

2028

 

 

38,901

 

2029

 

 

6,483

 

Thereafter

 

 

-

 

Total lease payments

 

 

176,383

 

Less: imputed interest

 

 

(27,497 )

Present value of operating lease liabilities

 

 

148,886

 

Less: current obligations under leases

 

 

(26,399 )

Total

 

$ 122,487