Quarterly report pursuant to Section 13 or 15(d)

Notes Receivable

v3.21.2
Notes Receivable
 3 Months Ended
Nov. 30, 2020
Notes Receivable Disclosure [Abstract]  
NOTES RECEIVABLE
4. NOTES RECEIVABLE

The Company’s notes receivables consist of:


              Principal
due		     Principal
due		  
    Maturity Date   Interest
Rate		     August 31,
2020		     August 31, 
2019		  
                       
Private debtor   March 16, 2020     5 %   $ 76,000     $ 76,000  
Interest accrued                 14,107       13,159  
                $ 90,107     $ 89,159  
                             
Disclosed as follows:                            
Current portion               $ 90,107     $ 89,159  
                  -       -  
                $ 90,107     $ 89,159  

Manhatten Enterprises


The Company advanced Manhatten Enterprises the sum of $76,000 pursuant to a promissory note on March 16, 2017. The note, which bears interest at 5% per annum, matured on March 16, 2020. The Note has reached its maturity date and is currently on demand until a new agreement is negotiated.