v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2024
Aug. 31, 2023
Current assets    
Cash and cash equivalents $ 84,314 $ 144,171
Accounts receivable, net 82,419 174,520
Current portion of loans receivable, net 0 46,260
Investments, at fair value 22,000 86,000
Prepaids and other current assets 23,858 59,988
Total current assets 212,591 510,939
Finance right-of-use asset, net 45,331 57,805
Property and equipment, net 30,448 52,170
Intangible assets, net 611,361 646,550
Goodwill 1,201,804 1,201,804
Total assets 2,101,535 2,469,268
Current liabilities    
Accounts payable and accrued liabilities 2,457,952 1,904,281
Accrued contract liability, net of discount $0 and $244,522 as of May 31, 2024 and August 31, 2023, respectively 3,000,000 2,755,478
Accrued dividends payable 0 408,333
Current portion of finance lease liability 8,642 18,487
Current portion of notes payable 0 17,588
Convertible notes payable, current, net of discount of $65,440 and $0 as of May 31, 2024 and August 31, 2023, respectively 164,560 0
Due to related party 303,849 210,667
Helix house payable 0 950,000
Total current liabilities 5,935,003 6,264,834
Derivative liability 3,464,357 325,246
Line of credit, net of discount $0 and $473,311 as of May 31, 2024 and of August 31, 2023, respectively 0 1,629,801
Convertible notes payable, current, net of discount of $397,978 and $0 as of May 31, 2024 and August 31, 2023, respectively 3,371,540  
Notes payable 75,000 0
Helix house earnout payable, non-current 300,000 300,000
Finance lease liability, long term 32,550 37,473
SBA loan, non-current 148,438 149,900
Total liabilities 13,326,888 8,707,254
Stockholders' Deficit    
Common stock, $0.0001 par value; 850,000,000 shares authorized; 513,824,407 and 465,618,093 shares issued and 506,961,774 and 465,618,093 outstanding as of May 31, 2024 and August 31, 2023, respectively 51,383 46,562
Additional paid in capital 11,451,198 10,378,519
Treasury stock, 6,862,633 and 0 outstanding (540,395) 0
Accumulated deficit (22,187,555) (16,663,133)
Total stockholders' deficit (11,225,353) (6,237,986)
Total Liabilities and Stockholders' Deficit 2,101,535 2,469,268
Series C Preferred stock [Member]    
Stockholders' Deficit    
Preferred stock, value 0 50
Series A Preferred stock [Member]    
Stockholders' Deficit    
Preferred stock, value $ 16 $ 16