Annual report pursuant to Section 13 and 15(d)

Notes Receivable

v3.21.2
Notes Receivable
 12 Months Ended
Aug. 31, 2019
Receivables [Abstract]  
NOTES RECEIVABLE
5. NOTES RECEIVABLE

The Company’s notes receivables consist of:


              Principal
due		     Principal
due		  
    Maturity Date   Interest Rate     August 31,
2019		     August 31, 
2018		  
                       
Private debtor   March 15, 2020     5 %   $ 76,000     $ 76,000  
Private debtor   August 20, 2021     5 %     642,581       -  
Private debtor   August 20, 2021     5 %     117,000       300,000  
Interest accrued                 10,162       5,550  
                $ 845,743     $ 381,550  
                             
Disclosed as follows:                            
Current portion               $ 85,359     $ -  
                  760,384       381,550  
                $ 845,743     $ 381,550