Quarterly report pursuant to Section 13 or 15(d)

Commitments

v3.20.4
Commitments
 3 Months Ended
Nov. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS
23. COMMITMENTS

The company has commitments under equipment financing arrangements entered into in prior periods, see Note 7, above.


Maturity of Leases


The amount of future minimum lease payments under finance leases is as follows:


    November 30,
2020		     August 31,
2020		  
Undiscounted minimum future lease payments                
Total instalments due:                
Within 1 year   $ 193,680     $ 193,680  
1 to 2 years     32,280       80,700  
2 to 3 years     -       -  
      225,960       274,380  

The amount of future minimum lease payments under operating leases is as follows:


    November 30, 2020     August 31,
2020		  
Undiscounted minimum future lease payments                
Total instalments due:                
Within 1 year   $ 61,528     $ 61,070  
1 to 2 years     63,375       62,903  
2 to 3 years     65,276       64,790  
3 to 4 years     50,050       66,734  
      240,229       255,497