NOTES PAYABLE (Details) - USD ($) |
9 Months Ended | |
---|---|---|
May 31, 2024 |
Aug. 31, 2023 |
|
Principal Balance | $ 3,293,101 | |
Total Current | 0 | $ 17,588 |
Total Long Term | $ 2,172,212 | |
Notes Payable 3 [Member] | ||
Date of Note Issuance | May 16, 2024 | |
Maturity Date | Jun. 30, 2029 | |
Interest rate | 18.00% | |
Original Principal Balance | $ 25,000 | |
Principal Balance | 25,000 | 0 |
Notes Payable [Member] | ||
Original Principal Balance | 150,000 | |
Principal Balance | 75,000 | 17,588 |
Total Current | 0 | 17,588 |
Total Long Term | $ 75,000 | 0 |
Notes Payable 1 [Member] | ||
Date of Note Issuance | Aug. 16, 2022 | |
Interest rate | 17.97% | |
Original Principal Balance | $ 75,000 | |
Principal Balance | $ 0 | 17,588 |
Maturity Date | On Demand | |
Notes Payable 2 [Member] | ||
Date of Note Issuance | May 15, 2024 | |
Maturity Date | Jun. 30, 2029 | |
Interest rate | 18.00% | |
Original Principal Balance | $ 50,000 | |
Principal Balance | $ 50,000 | $ 0 |
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- References No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Date the debt instrument was issued, in YYYY-MM-DD format. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of long-term debt classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This is the principal amount outstanding for securitized loans only (across all types of loans). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Stated interest rate of the subordinated debt. No definition available.
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