Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.21.2
Long-Term Debt (Tables)
 9 Months Ended
May 31, 2020
Debt Disclosure [Abstract]  
Schedule of long-term debt
              Principal
due		     Principal
due		  
Lender   Maturity Date   Interest
Rate		     May 31,
2020		     August 31,
2019		  
                       
Private lenders   January 15, 2020     10.00 %   $ 200,000     $ 200,000  
Private lenders   January 31, 2020     10.00 %     364,177       567,230  
Private lenders   September 17, 2019     10.00 %     100,000       100,000  
Beverly Pacific Holdings   On demand     5.00 %     259,910       -  
Equipment loans   April 20, 2020 -
November 7, 2021		     4.30 - 12.36 %     291,170       405,628  
                             
                $ 1,215,257     $ 1,272,858  
Schedule of maturity date of the long-term debt
    May 31,
2020		     August 31,
2019		  
             
Principal classified as repayable within one year   $ 1,089,237     $ 1,057,163  
Principal classified as repayable later than one year     126,020       215,695  
                 
    $ 1,215,257     $ 1,272,858