Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.20.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Feb. 29, 2020
Feb. 28, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,676,487) $ (981,692)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 273,416 83,355
Depreciation 248 140
Change in fair value of derivative liabilities (29,501) (333,130)
Changes in operating assets and liabilities:    
Prepaid expenses (89,070) 19,295
Other receivable (20,771) 13,176
Accounts payable and accrued liabilities 88,051 56,730
Net cash used in operating activities (2,454,114) (1,142,126)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of equipment (1,176)  
Net cash used in investing activities (1,176)  
CASH FLOWS FROM FINANCING ACTIVITIES    
Issuance of common shares for cash   1,257,905
Common stock issuance costs (15,151)  
Refund for fractional stock (117)  
Advance from related parties 6,420 8,075
Repayments to related parties (3,040) (5,221)
Net cash provided by (used in) by financing activities (11,888) 1,260,759
Effects on changes in foreign exchange rate 25,760 1,271
Net change in cash and cash equivalents (2,441,418) 119,904
Cash and cash equivalents - beginning of period 4,423,965 337,424
Cash and cash equivalents - end of period 1,982,547 457,328
Supplemental Cash Flow    
Cash paid for interest 0 0
Cash paid for income taxes 0 0
Non-cash financing and investing activities:    
Reclass of warrant derivative liability from equity   $ 918,050
Common shares issued for acquisition of license offset against stock payable 539,417  
Common shares issued for settlement of stock payable 100,000  
Additional issuance of Series D shares per the terms of the subscription agreements 7  
Cancellation of common shares $ 6