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, 2021
Other Income and Expenses [Abstract]  
OTHER EXPENSE (INCOME), NET
28. OTHER EXPENSE (INCOME), NET

 

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

 

    Year ended August 31,
2021
  Year ended August 31,
2020
         
Loss (gain) on settlement of liabilities   $ 48,283     $ (524,971  
Loss on conversion of convertible debt     1,033,921       744,918  
Loss (gain) on debt extinguishment     416,480       (54,378 )
Penalty on convertible notes     202,908       610,312  
Forgiveness of federal relief loans     (133,890 )    
-
 
Interest income     (3,800 )     (29,317 )
    $ 1,563,902     $ 746,564