Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.21.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (7,437,000) $ (4,655,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 1,531,000 381,000
Net change in fair value of marketable securities 2,000 0
Change in fair value of derivative liabilities 0 (30,000)
Non-cash lease expenses 7,000  
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (239,000) (171,000)
Accounts payable and accrued liabilities (3,000) 128,000
Cash payment on operating lease (2,000)  
Net cash used in operating activities (6,141,000) (4,347,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Ignvestment in trading marketable securities (3,439,000) 0
Net cash used in investing activities (3,439,000) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares for cash, net 8,103,000 1,978,000
Proceeds from exercise of warrants 6,016,000 0
Advance from related parties 1,000 8,000
Repayments to related parties (8,000) (5,000)
Net cash provided by financing activities 14,112,000 1,981,000
Effect of exchange rate changes on cash (45,000) 84,000
Net change in cash and cash equivalents 4,487,000 (2,282,000)
Cash and cash equivalents - beginning of period 2,142,000 4,424,000
Cash and cash equivalents - end of period 6,629,000 2,142,000
Supplemental Cash Flow Information    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Common shares issued for acquisition of license offset against stock payable 0 539,000
Common shares issued for settlement of stock payable 0 100,000
Initial recognition of right-of-use asset and operating lease obligation $ 97,000 $ 0