Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.2
Consolidated Balance Sheets - USD ($)
Aug. 31, 2021
Aug. 31, 2020
Current Assets    
Cash and cash equivalents $ 6,629,000 $ 2,142,000
Marketable securities 3,436,000 0
Prepaid expenses and other current assets 252,000 195,000
Total Current Assets 10,317,000 2,337,000
Intangible asset 2,039,000 2,039,000
Operating lease right-of-use asset 90,000 0
Prepaid expenses - long-term 189,000 0
TOTAL ASSETS 12,635,000 4,376,000
Current Liabilities    
Accounts payable and accrued liabilities 493,000 489,000
Due to related party 5,000 12,000
Operating lease liability - current portion 28,000 0
Total Current Liabilities 526,000 501,000
Operating lease liability 67,000 0
TOTAL LIABILITIES 593,000 501,000
STOCKHOLDERS' EQUITY    
Preferred Stock, par value $0.001, 6,250,000 shares authorized, 0 shares issued and outstanding 0 0
Common Stock, par value $0.001, 750,000,000 shares authorized, and 4,991,587 shares issued and outstanding, respectively 25,000 5,000
Additional paid-in capital 28,902,000 13,272,000
Accumulated deficit (16,903,000) (9,466,000)
Accumulated other comprehensive income 18,000 64,000
Total Stockholders' Equity 12,042,000 3,875,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,635,000 $ 4,376,000