Quarterly report pursuant to Section 13 or 15(d)

Notes Receivable

v3.21.1
Notes Receivable
6 Months Ended
Feb. 28, 2021
Notes Receivable Disclosure [Abstract]  
NOTES RECEIVABLE
4. NOTES RECEIVABLE

The Company’s notes receivables consist of:


    Maturity Date   Interest
Rate
   

February 28,

2021

    August 31, 
2020
 
                       
Private debtor   March 16, 2020     5 %   $ 76,000     $ 76,000  
Interest accrued                 15,044       13,159  
                $ 91,044     $ 89,159  
                             
Disclosed as follows:                            
Current portion               $ 91,044     $ 89,159  
                  -       -  
                $ 91,044     $ 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.