Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.19.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
May 31, 2019
May 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,326,575) $ (1,653,378)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 376,095 168,751
Depreciation 383 249
Change in fair value of derivative (897,096)  
Changes in operating assets and liabilities:    
Prepaid expenses 8,957 (56,338)
Other receivable 15,185 (16,484)
Accounts payable and accrued liabilities 91,471 461,052
Net cash used in operating activities (1,731,580) (1,096,148)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of equipment (688) (887)
Net cash used in investing activities (688) (887)
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common shares for cash 1,675,637 860,786
Advance from related party 12,222 18,472
Repayment to related party (8,087) (16,602)
Net cash provided by financing activities 1,679,772 862,656
Effects on changes in foreign exchange rate 1,511 (12,373)
Net decrease in cash and cash equivalents (50,985) (246,752)
Cash and cash equivalents - beginning of period 337,424 572,775
Cash and cash equivalents - end of period 286,439 326,023
Supplemental Cash Flow    
Cash paid for interest 0 0
Cash paid for income taxes 0 $ 0
Non-cash financing and investing activities:    
Common shares issued for deposit of exercise of the license 539,417  
Reclass of warrant derivative liability from equity 997,274  
Deferred offering costs incurred $ 291,670