Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Feb. 28, 2021 |
Feb. 29, 2020 |
Feb. 28, 2021 |
Feb. 29, 2020 |
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| Income Statement [Abstract] | ||||
| Revenues from licensing fees | $ 2,000,000 | |||
| Revenues from hydrocarbon sales | 68,509 | 169,041 | ||
| Production and maintenance costs | (19,279) | (728,309) | (364,565) | (1,405,772) |
| Advance royalty payments | (111,591) | (203,862) | ||
| Gross Profit (Loss) | (19,279) | (771,391) | 1,635,435 | (1,440,593) |
| Operating Expenses | ||||
| Depreciation, depletion and amortization | 11,522 | 11,522 | 23,045 | 85,842 |
| Selling, general and administrative expenses | 706,427 | 1,545,023 | 1,751,284 | 3,927,105 |
| Financing costs | 743,601 | 479,548 | 1,364,988 | 988,842 |
| Derivative liability movements | (591,914) | 695,432 | (748,912) | 659,885 |
| Other expenses (income), net | 145,393 | (290,678) | 689,852 | (707,358) |
| Total expenses, net | 1,015,029 | 2,440,847 | 3,080,257 | 4,954,316 |
| Net loss before income taxes | 1,034,308 | 3,212,238 | 1,444,822 | 6,394,909 |
| Income tax expense | ||||
| Net loss and comprehensive loss | $ 1,034,308 | $ 3,212,238 | $ 1,444,822 | $ 6,394,909 |
| Weighted Average Number of Shares Outstanding – Basic and Diluted (in Shares) | 401,858,398 | 202,239,760 | 353,952,701 | 197,106,454 |
| Basic and Diluted Loss per Share (in Dollars per share) | $ 0.00 | $ 0.02 | $ 0.00 | $ 0.03 |
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- Definition Advanced royalty payments and production expenses. No definition available.
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- References No definition available.
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- Definition Financing costs net. No definition available.
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- Definition Amount of expense related to the production and maintenance of goods or services to customers and clients. No definition available.
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- Definition Amount related to revenue from licensing fees. No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition Amount of other expense (income) that is infrequent in occurrence or unusual in nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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