Annual report pursuant to Section 13 and 15(d)

Note 14 - Subsequent Events

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Note 14 - Subsequent Events
12 Months Ended
Aug. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Note 14 – Subsequent Events

On September 28, 2017, the Company issued 208,333 shares of common stock for the conversion of $16,347 of principal and $8,653 of accrued interest of convertible notes payable.

In September and October 2017, the Company’s President and CEO loaned the Company the aggregate amount of $35,500 represented by four notes payable.

On November 16, 2017, the Company issued 250,000 shares of common stock for the conversion of $17,518 of principal and $12,482 of accrued interest of convertible notes payable.

On November 17, 2017, the Company entered into a Securities Purchase Agreement with one of the Holders in the May Notes (the “Investor”) pursuant to which the Company borrowed $241,250 and issued the Investor a $250,000 3.5% Original Issue Discount Senior Secured Convertible Promissory Note (the “ November Note”). The Company granted the Investor the Option to lend the Company $48,250 on or before January 15, 2017. If the Option is exercised, the Company will issue the Investor a $50,000 3.5% Original Issue Discount Senior Secured Convertible Promissory Note. The November Note bears interest at 10% per annum, can be pre-paid at a premium, and matures in six months.  At the option of the Investor, the principal and accrued interest under the November Note are convertible into common stock at $0.50 per share with a reset feature in the event of default.

On November 20, 2017, the Company repaid one of the notes payable to the Company’s President and CEO for the principal amount of $75,000 and $950 interest.

We evaluated subsequent events after the balance sheet date through the date the financial statements were issued. We did not identify any additional material events or transactions occurring during this subsequent event reporting period that required further recognition or disclosure in these financial statements.