Quarterly report pursuant to Section 13 or 15(d)

Financing Costs, Net

v3.21.1
Financing Costs, Net
6 Months Ended
Feb. 28, 2021
Financing Costs Net [Abstract]  
FINANCING COSTS, NET
19. FINANCING COSTS, NET

Financing costs, net, consists of the following:


    Three months
ended
February 28,
2021
    Three months
ended
February 29,
2020
   

Six months
ended
February 28,
2021

   

Six months
ended
February 29,
2020

 
                         
Interest expense on borrowings   $ 305,457     $ 148,632     $ 593,096     $ 291,940  
Amortization of debt discount     438,144       319,277       771,892       672,372  
Other     -       11,639       -       24,530  
    $ 743,601     $ 479,548     $ 1,364,988     $ 988,842