Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Aug. 31, 2019
Aug. 31, 2018
Current Assets    
Cash and cash equivalents $ 4,423,965 $ 337,424
Prepaid expenses 8,336 35,384
Deposits 1,500 1,500
Other receivable 8,787 22,127
Total Current Assets 4,442,588 396,435
Equipment, net of accumulated depreciation of $792 and $282, respectively 721 563
Intangible asset 2,039,417  
TOTAL ASSETS 6,482,726 396,998
Current Liabilities    
Accounts payable and accrued liabilities 348,863 529,272
Due to related party 3,732 2,700
Derivative liability 29,501  
Stock payable 639,417  
Total Current Liabilities 1,021,513 531,972
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred Stock, par value $0.001, 6,250,000 shares authorized, 0 and 0 shares issued and outstanding as of August 31, 2019 and 2018, respectively
Common Stock, par value $0.001, 18,750,000 shares authorized, 3,353,616 and 1,750,268 shares issued and outstanding as of August 31, 2019 and 2018, respectively 3,354 1,750
Additional paid-in capital 10,278,421 2,514,136
Accumulated deficit (4,810,756) (2,638,580)
Accumulated other comprehensive loss (9,806) (12,280)
Total Stockholders' Equity (Deficit) 5,461,213 (134,974)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 6,482,726 $ 396,998