Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.21.4
Consolidated Balance Sheets - USD ($)
Nov. 30, 2021
Aug. 31, 2021
Current Assets    
Cash and cash equivalents $ 14,047,000 $ 6,629,000
Marketable securities 10,794,000 3,436,000
Prepaid expenses and other current assets 514,000 252,000
Total Current Assets 25,355,000 10,317,000
Intangible asset 2,039,000 2,039,000
Marketable securities - non-current 1,524,000 0
Operating lease right-of-use asset 83,000 90,000
Prepaid expenses and deposit 3,000 189,000
TOTAL ASSETS 29,004,000 12,635,000
Current Liabilities    
Accounts payable and accrued liabilities 590,000 471,000
Due to related parties 38,000 27,000
Operating lease liability - current portion 31,000 28,000
Total Current Liabilities 659,000 526,000
Operating lease liability 59,000 67,000
TOTAL LIABILITIES 718,000 593,000
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, 42,301,013 and 24,526,703 shares issued and outstanding, respectively 42,000 25,000
Additional paid-in capital 47,718,000 28,902,000
Accumulated deficit (19,451,000) (16,903,000)
Accumulated other comprehensive (loss) income (23,000) 18,000
Total Stockholders' Equity 28,286,000 12,042,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 29,004,000 $ 12,635,000