Annual report pursuant to Section 13 and 15(d)

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v3.21.2
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12 Months Ended
Aug. 31, 2021
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NOTE 7 - LEASE

NOTE 7 - LEASE

 

The following summarizes right-of use asset and lease information about the Company’s operating lease as of August 31, 2021:

 

 

 

August 31,

 

 

 

2021

 

Lease costs

 

 

 

Operating lease costs

 

$ 7

 

 

 

 

 

 

Other information

 

 

 

 

Cash paid for operating cash flows from operating leases

 

$ 2

 

Right-of-use assets obtained in exchange for new operating lease liability

 

$ 97

 

 

 

 

 

 

Weighted-average remaining lease term — operating lease (year)

 

 

3.00

 

Weighted-average discount rate — operating lease

 

 

3.00 %

Future minimum lease payments under the operating lease liability has non-cancelable lease payments at August 31, 2021 as follows:

 

 

 

Total

 

Year Ended August 31,

 

 

 

2022

 

 

30

 

2023

 

 

34

 

2024

 

 

35

 

Thereafter

 

 

-

 

 

 

 

99

 

Less: Imputed interest

 

 

(4 )

Operating lease liabilities

 

 

95

 

 

 

 

 

 

Operating lease liability - current

 

 

28

 

Operating lease liability - non-current

 

$ 67