Quarterly report pursuant to Section 13 or 15(d)

Commitments

v3.21.1
Commitments
 6 Months Ended
Feb. 28, 2021
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS
22. 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:


    February 28,
2021		    

August 31,
2020

  
Undiscounted minimum future lease payments            
Total instalments due:            
Within 1 year   $ 177,540     $ 193,680  
1 to 2 years     -       80,700  
2 to 3 years     -       -  
      177,540       274,380  

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


   

February 28,
2021

     August 31,
2020		  
Undiscounted minimum future lease payments            
Total instalments due:            
Within 1 year   $ 61,987     $ 61,070  
1 to 2 years     63,846       62,903  
2 to 3 years     65,762       64,790  
3 to 4 years     33,367       66,734  
      224,962       255,497