Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.7.0.1
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
May 31, 2017
May 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,421,384) $ (490,655)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 0 1,638
Impairment of assets 0 167,251
Inducement shares 0 112,841
Change in fair value of derivative liability 342,270 1,001
Amortization of discount on convertible debt 625,853 48,878
Amortization of discount on convertible interest 0 2,383
Penalty on debt extension 227,634 0
Imputed interest 0 670
Changes in assets and liabilities:    
Accounts receivable 45 0
Inventory (8,587) 0
Accrued officer salary 72,000 0
Interest payable - related party 893 0
Accounts payable and accrued liabilities 73,563 38,881
Other payable 0 0
Net cash used in operating activities (87,713) (117,112)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payments to acquire assets 0 (250,000)
Net Cash used in investing activities 0 (250,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments made on convertible notes (125,000) 0
Proceeds from sale of common stock 0 14,500
Proceeds from officer loans 204,000 12,626
Repayment of officer loans 0 (12,626)
Proceeds from convertible debt 0 441,700
Net cash provided by financing activities 79,000 456,200
Net increase in cash and cash equivalents (8,713) 89,088
Cash and cash equivalents at beginning of period 10,197 0
Cash and cash equivalents at end of period 1,484 89,088
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 0 0
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Discount on Convertible Debt and Accrued Interest 0 0
Stock issued for conversion of debt 25,000 40,244
Common stock issued for discount 0 247,159
Stock issued for subscription receivable 0 5,372
Discount from derivative 454,731 192,841
Stock issued for commitment fee 68,950 0
Settlement of derivative 775,106 0
Accrued interest capitalized into principal of convertible notes 29,362 0
Discount on convertible accrued interest $ 0 $ 4,083