Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.21.2
Long-Term Debt (Tables)
3 Months Ended
Nov. 30, 2019
Debt Disclosure [Abstract]  
Schedule of long-term debt
              Principal
due
    Principal
due
 
Lender   Maturity Date   Interest
Rate
    November 30,
2019
    August 31,
2019
 
                       
Private lenders   January 15, 2020     10.00 %   $ 200,000     $ 200,000  
Private lenders   January 31, 2020     10.00 %     377,824       567,230  
Private lenders   September 17, 2019     10.00 %     100,000       100,000  
Equipment loans   April 20, 2020 –
November 7, 2021
    4.30 - 12.36 %     354,609       405,628  
                             
                $ 1,032,433     $ 1,272,858  
Schedule of long-term debt maturity period
    November 30,
2019
    August 31,
2019
 
             
Principal classified as repayable within one year   $ 857,092     $ 1,057,163  
Principal classified as repayable later than one year     175,341       215,695  
                 
    $ 1,032,433     $ 1,272,858