Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

v3.8.0.1
STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Aug. 31, 2017
Aug. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,743,258) $ (933,761)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 0 2,190
Intangible asset impairment loss 0 248,951
Commitment fee share expense 0 128,241
Change in fair value of derivative liability 388,544 62,111
Amortization of discount on convertible debt 780,293 268,965
Imputed interest   670
Penalty on debt extension 306,345 0
Changes in assets and liabilities:    
Accounts receivable 45 (45)
Inventory (8,484) (5,349)
Accrued officer salary 96,000 0
Interest payable - related party 2,011 0
Accounts payable and accrued liabilities 138,749 47,424
Net cash used in operating activities (39,755) (180,603)
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 (155,000) 0
Proceeds from sale of common stock 0 14,500
Proceeds from notes payable - related party 186,000 12,262
Repayments of notes payable - related party 0 (12,262)
Proceeds from convertible debt - related party 0 1,700
Proceeds from convertible debt 0 424,600
Net cash provided by financing activities 31,000 440,800
Net increase in cash and cash equivalents (8,755) 10,197
Cash and cash equivalents at beginning of period 10,197 0
Cash and cash equivalents at end of period 1,442 10,197
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 0 0
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for conversion of notes payable 50,000 40,243
Common stock issued for discount 0 231,760
Discount on Convertible Debt and Accrued Interest 0 1,700
Discount due to derivative 677,439 192,841
Stock issued for subscription receivable 0 5,372
Stock issued for commitment fee 68,950 360,000
Settlement of derivative 1,015,757 0
Accrued interest capitalized into principal of convertible notes $ 39,382 $ 0