Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Feb. 28, 2019
Feb. 28, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 339,161 $ (1,062,194)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain on exchange transaction (472,267) (139,323)
Change in fair value of derivative liabilities (4,212,620) 600,923
Amortization of discount on convertible debt 118,707 397,811
Fair value of vested stock options 51,660 0
Excess value of warrants liability over net proceeds of sale of common stock at inception 3,675,385 0
Gain on note exchange (472,267) (139,323)
Changes in operating assets and liabilities:    
Prepaid expenses (41,082) 0
Inventory 9,402 211
Accrued officer salary (32,000) 40,000
Interest payable - related party 1,657 1,013
Accounts payable and accrued liabilities 64,764 (4,454)
Net cash used in operating activities (497,233) (166,013)
CASH FLOWS FROM INVESTING ACTIVITIES    
Deposit made on investment in TruPet (2,200,000) 0
Net cash used in investing activities (2,200,000) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Cash paid for the purchase of common stock (51,604) 0
Cash from sale of common stock, net of costs 2,657,099 0
Proceeds from notes payable - related party 0 35,500
Repayments of notes payable - related party 0 (100,000)
Proceeds from convertible debt 0 482,500
Net cash provided by financing activities 2,605,495 418,000
Net (decrease) increase in cash and cash equivalents (91,738) 251,987
Cash and cash equivalents at beginning of period 199,674 1,442
Cash and cash equivalents at end of period 107,936 253,429
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 0 1,087
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for conversion of notes payable and accrued interest 0 84,956
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 notes payable due to beneficial conversion feature 0 891,168
Settlement of derivative 2,003,390 476,936
Accrued interest capitalized into principal of convertible notes payable 0 15,823
Fair value of warrants issued with sale of common stock allocated to additional paid in capital 2,655,673 0
Accrued preferred stock dividends 109,934 0
Series A Preferred Stock [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of Preferred Stock to common stock 1 0
Series E Preferred Stock [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Conversion of Preferred Stock to common stock 153 0
Series B Preferred Stock [Member]    
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Accrued preferred stock dividends $ 108,843 $ 0