Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.4
Segment Information (Tables)
3 Months Ended
Nov. 30, 2021
Segment Information [Abstract]  
Schedule of oil extraction and processing segment
    November 30, 2021  
    Oil     Mining        
(in ’000s of dollars)   Extraction     Operations     Consolidated  
Additions to non-current assets   $
-
    $
-
    $
      -
 
Reportable segment assets     46,553       33,240       79,793  
Reportable segment liabilities     (10,671 )    
-
      (10,671 )
    $ 35,882     $ 33,240     $ 69,122  

 

    November 30, 2020  
    Oil     Mining        
(in ’000s of dollars)   Extraction     Operations     Consolidated  
Additions to non-current assets   $ 4,173     $
-
    $ 4,173  
Reportable segment assets     44,897       33,240       78,137  
Reportable segment liabilities   (18,171   (100   (18,271
    $ 26,726     $ 33,140     $ 59,866  

 

Schedule of segment operating results
    November 30, 2021  
(in ’000s of dollars)   Oil
Extraction
    Mining
operations
    Consolidated  
Revenue from license fees   $
-
    $
        -
    $
-
 
Other production and maintenance costs     (285 )    
-
      (285 )
Gross Loss     (285 )    
-
      (285 )
Operating Expenses                        
Depreciation, depletion and amortization     11      
-
      11  
Selling, general and administrative expenses     1,394      
-
      1,394  
Investor relations     40      
-
      46  
Professional fees     646      
-
      646  
Research and development     175               175  
Salaries and wages     156      
-
      156  
Travel and promotional expenses     83      
-
      83  
Other     288      
-
      288  
                         
Financing costs     626      
-
      626  
Other expense (income)     281      
-
      281  
Forgiveness of federal relief loans     (134 )    
-
      (134 )
Loss on debt extinguishment     444      
-
      444  
Interest income     (29 )    
 
      (29 )
Derivative liability movements     (52 )    
-
      (52 )
                         
Net loss   $ 2,545     $
-
    $ 2,545  

 

    November 30, 2020  
(in ’000s of dollars)   Oil
Extraction
    Mining
operations
    Consolidated  
Revenue from license fees   $ 2,000     $
           -
    $ 2,000  
Other production and maintenance costs     (345 )    
-
      (345 )
Gross Profit     1,655      
-
      1,655  
Operating Expenses                        
Depreciation, depletion and amortization     12      
-
      12  
Selling, general and administrative expenses     1,045      
-
      1,045  
Investor relations     88      
-
      88  
Professional fees     399      
-
      399  
Salaries and wages     88      
-
      88  
Share-based compensation     200      
-
      200  
Travel and promotional expenses     83      
-
      83  
Other     187      
-
      187  
                         
Financing costs     621      
-
      621  
Other expense (income)     544      
-
      544  
Gain on settlement of liabilities     134      
-
      134  
Loss on conversion of convertible debt     80      
-
      80  
Loss on debt extinguishment     330      
-
      330  
Derivative liability movements     (157 )    
-
      (157 )
                         
Net loss   $ 410     $
-
    $ 410