Annual report pursuant to Section 13 and 15(d)

Other Expense (Income), Net

v3.21.2
Other Expense (Income), Net
12 Months Ended
Aug. 31, 2020
Other Income and Expenses [Abstract]  
OTHER EXPENSE (INCOME), NET
26. OTHER EXPENSE (INCOME), NET

Other expense (income), net, consists of the following:


    Year ended August 31,
2020
    Year ended August 31,
2019
 
             
(Gain) loss on settlement of liabilities   $ (524,971 )   $ 534,480  
Loss on conversion of convertible debt     744,918       -  
Gain on debt extinguishment     (54,378 )     -  
Penalty on convertible notes     610,312       -  
Interest income     (29,317 )     (83,067 )
    $ 746,564     $ 451,413