Statements of Operations - USD ($) |
12 Months Ended | |
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Aug. 31, 2022 |
Aug. 31, 2021 |
|
Total revenue | $ 427,668 | $ 0 |
Total cost of sales | 556,699 | 0 |
Gross profit | (129,030) | 0 |
Operating expenses: | ||
General and administrative expenses | 227,597 | 63,815 |
Professional and investment banking fees | 856,925 | 0 |
Related party compensation | 489,096 | 68,000 |
Impairment of cryptocurrency | 11,535 | 0 |
Total operating expenses | 1,585,154 | 131,815 |
Loss from operations | (1,714,184) | (131,815) |
Other (expense) | ||
Interest expense | (291,048) | (22,424) |
Other (expense) | (291,048) | (22,424) |
Net loss | (2,005,233) | (154,239) |
Revenue From Sale Of Mining Equipment [Member] | ||
Total revenue | 394,700 | 0 |
Hosting Revenue [Member] | ||
Total revenue | 23,644 | 0 |
Self Mining Revenue [Member] | ||
Total revenue | 9,325 | 0 |
Cost Of Sales Mining Equipment [Member] | ||
Total cost of sales | 355,407 | 0 |
Cost Of Sales Hosting And Mining [Member] | ||
Total cost of sales | $ 201,292 | $ 0 |
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- References No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Costs of sales and operating expenses for the period incurred from transactions with related parties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as other. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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