Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.19.3
Statements of Cash Flows - USD ($)
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Cash Flows from Operating Activities    
Net loss $ (132,652) $ (42,788,953)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 140 264
Bad debt expense
Amortization of discount on derivative liabilities 3,924 17,317
Loss on extinguishment of debt - related party 42,629,753
Changes in operating assets and liabilities:    
Accounts payable and accounts payable - related party 4,784 4,574
Accrued expenses 61,772 82,482
Net Cash Used in Operating Activities (62,032) (51,563)
Cash Flows from Financing Activities    
Proceeds from convertible notes payable, related parties 60,000 50,000
Net Cash Provided by Financing Activities 60,000 50,000
Net Change in Cash (2,032) (1,563)
Cash - beginning of reporting period 2,125 3,688
Cash - end of reporting period 93 2,125
Supplemental disclosure of cash flow information:    
Interest paid 3,798 5,024
Non Cash Financing and Investing Activities    
Exercise of conversion of debt and accrued interest - related party 91,148
Capital contribution related to salaries waived $ 60,000 $ 80,000