v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
May 31, 2024
May 31, 2023
Cash Flows from Operating Activities    
Net loss $ (5,845,255) $ (3,735,794)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 69,385 214,647
Stock based compensation 40,000 0
Goodwill impairment 0 98,258
Amortization of debt discount 1,170,656 266,886
Unrealized change in fair value of investments 64,000 0
Change in fair value of derivative liability 802,055 (378,737)
Loss on exchange of debt 2,172,212 0
Changes in operating assets and liabilities    
Accounts receivable, net 92,101 164,579
Prepaids and other current assets 36,130 9,440
Deferred revenue 0 (469,697)
Contingent Liability, net of discount 0 2,194,757
Accounts payable and accrued liabilities 553,671 486,270
Net cash from operating activities (845,045) (1,149,391)
Cash Flows from Investing Activities    
Issuance of loans receivable 0 (1,852)
Payments received on loans receivable 46,260 131,328
Acquired intangible assets as part of the Helix House acquisition 0 314,863
Net cash from investing activities 46,260 444,339
Cash Flows from Financing Activities    
Proceeds from convertible notes payable 596,000 0
Proceeds from notes payable 75,000 0
Proceeds from line of credit 0 744,870
Payments of finance lease liability (14,819) (14,769)
Sale of stock 8,615 0
Payments of notes payable (19,050) (49,638)
Payments of notes payable, related party 93,182 2,312
Net cash from financing activities 738,928 682,775
Change in cash and cash equivalents (59,857) (22,276)
Cash and cash equivalents at beginning of period 144,171 382,431
Cash and cash and equivalents at end of period 84,314 360,155
Noncash Investing and Financing Activities    
Conversion of preferred stock into debt, net of debt discount 0 1,172,189
Deemed dividends of Series C preferred stock 0 320,833
Issuance of warrants 0 660,726
Conversion of debt to common stock $ 950,000 0
Repurchase of treasury stock 549,011  
Supplemental Cash Flow Information    
Cash paid for interest $ 2,272 0
Cash paid for income taxes $ 0 $ 0