Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Nov. 30, 2018
Nov. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 505,220 $ (110,700)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain on exchange of debt and equity transaction (472,267) 0
Change in fair value of derivative liabilities (314,022) (111,281)
Amortization of discount on convertible debt 118,708 118,886
Changes in assets and liabilities:    
Inventory 0 27
Accrued officer salary (8,000) 24,000
Interest payable - related party 0 241
Accounts payable and accrued liabilities 21,560 (32,193)
Net cash used in operating activities (148,801) (111,020)
CASH FLOWS FROM INVESTING ACTIVITIES 0 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash paid for the purchase of common stock (27,271) 0
Proceeds from notes payable - related party 0 35,500
Repayments of notes payable - related party 0 (75,000)
Proceeds from convertible debt 0 241,250
Net cash (used in) provided by financing activities (27,271) 201,750
Net (decrease) increase in cash and cash equivalents (176,072) 90,730
Cash and cash equivalents at beginning of period 199,674 1,442
Cash and cash equivalents at end of period 23,602 92,172
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 0 950
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for conversion of notes payable 0 55,000
Preferred Stock Series E issued for cancellation of convertible notes payable, accrued interest, Series B Preferred Stock and warrants 2,022,766 0
Discount on Convertible Debt and Accrued Interest 0 126,557
Settlement of derivative 2,003,390 23,447
Accrued preferred stock dividends 41,147 0
Series B Preferred Stock [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued preferred stock dividends $ 41,147 $ 0