DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
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9 Months Ended |
May 31, 2024 |
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| DERIVATIVE FINANCIAL INSTRUMENTS |
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| Schedule of components of derivative liabilities |
| | May 31, 2024 | | | | Indexed | | | Fair | | The financings giving rise to derivative financial instruments | | Shares | | | Values | | Warrant Derivatives | | | 84,360,841 | | | $ | 12,140 | | Redemption Feature Derivatives | | | 18,855,687,599 | | | | 3,452,217 | | Total | | | 18,940,048,440 | | | $ | 3,464,357 | |
| | August 31, 2023 | | | | Indexed | | | Fair | | The financings giving rise to derivative financial instruments | | Shares | | | Values | | Warrant Derivatives | | | 84,360,841 | | | $ | 325,246 | | Total | | | 84,360,841 | | | $ | 325,246 | |
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| Schedule of gain loss associated with changes in fair value of derivative financial instruments |
| | For the Three Months Ended | | | | May 31, 2024 | | | May 31, 2023 | | Change in fair value of derivative liability | | $ | (761,287 | ) | | $ | 182,071 | | Loss on issuance of derivative | | | (38,678 | ) | | | - | | Total | | $ | (799,965 | ) | | $ | 182,071 | | | | | | | | | | | | | For the Nine Months Ended | | | May 31, 2024 | | | May 31, 2023 | | Change in fair value of derivative liability | | $ | (715,903 | ) | | $ | 378,737 | | Loss on issuance of derivative | | | (86,152 | ) | | | - | | Total | | $ | (802,055 | ) | | $ | 378,737 | |
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| Schedule of calculation for warrant derivative |
| | Inception Dates | | | Quarter Ended | | Quoted market price on valuation date | | $0.0063 - $0.0091 | | | $ | 0.0034 | | Effective contractual conversion rates | | $ | 0.0125 | | | $ | 0.0125 | | Contractual term to maturity | | 5 years | | | 3.59 years | | Market volatility: | | | | | | | | | Volatility | | 231.20% - 233.87% | | | 200.76% - 202.96% | | Risk-adjusted interest rate | | 3.84% - 4.18% | | | | 4.46 | % |
| | Inception Dates | | Quarter Ended | | Quoted market price on valuation date | | $0.0033 - $0.00419 | | $ | 0.0034 | | Effective contractual conversion rates | | $0.0033 - $0.006 | | $0.0033 - $0.006 | | Contractual term to maturity | | 1.44 years | | 1.09 years | | Market volatility: | | | | | | | Volatility | | 166.86% - 212.70% | | 218.22% - 267.95% | | Risk-adjusted interest rate | | 5.02% - 5.42% | | 4.64% - 5.30% | |
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| Schedule of embedded derivatives |
| | Period Ended | | | Period Ended | | | | May 31, 2024 | | | August 31, 2023 | | Balances at beginning of period | | $ | 325,246 | | | $ | - | | Issuances: | | | | | | | | | Warrant derivatives | | | - | | | | 711,590 | | Redemption feature derivatives | | | 2,423,208 | | | | - | | Conversions | | | - | | | | - | | Warrant exercise | | | - | | | | - | | Changes in fair value inputs and assumptions reflected in income | | | 715,903 | | | | (386,344 | ) | Balances at end of period | | $ | 3,464,357 | | | $ | 325,246 | |
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