Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.21.2
Long-Term Debt (Tables)
6 Months Ended
Feb. 29, 2020
Debt Disclosure [Abstract]  
Schedule of long-term debt
            Principal
due
    Principal
due
 
Lender   Maturity Date   Interest
Rate
  February 29,
2020
    August 31,
2019
 
                     
Private lenders   January 15, 2020   10.00%   $ 200,000     $ 200,000  
Private lenders   January 31, 2020   10.00%     373,885       567,230  
Private lenders   September 17, 2019   10.00%     100,000       100,000  
Beverly Pacific Holdings   On demand   5.00%     173,259       -  
Equipment loans   April 20, 2020 -
November 7, 2021
  4.30 - 12.36%      302,425       405,628  
                         
            $ 1,149,569     $ 1,272,858  
Schedule of long-term debt maturity period
    February 29,
2020
    August 31,
2019
 
             
Principal classified as repayable within one year   $ 1,019,915     $ 1,057,163  
Principal classified as repayable later than one year     129,654       215,695  
                 
    $ 1,149,569     $ 1,272,858