Quarterly report pursuant to Section 13 or 15(d)

Reconciliation of Changes in Liabilities Arising from Financing Activities

v3.21.2
Reconciliation of Changes in Liabilities Arising from Financing Activities
 9 Months Ended
May 31, 2019
Reconciliation Of Changes In Liabilities Arising From Financing Activities [Abstract]  
RECONCILIATION OF CHANGES IN LIABILITIES ARISING FROM FINANCING ACTIVITIES
25. RECONCILIATION OF CHANGES IN LIABILITIES ARISING FROM FINANCING ACTIVITIES

Liabilities arising from financing activities include corporate loans and loans payable to officers and related companies. A reconciliation of changes in these liabilities is:


For the nine months ended  

May 31,
2019

    

May 31,
2018

  
             
Balance, beginning of the period   $ 2,134,955     $ 2,804,202  
                 
Changes from financing cash flows                
Proceeds from debt     517,000       1,328,056  
Proceeds from convertible debt     5,618,750       5,200,171  
Proceeds from officer loan     -       -  
Repayment of long-term loans     (497,206 )     (947,720 )
Repayment of convertible loans     (400,000 )        
Advances from executive officers     -       9,196  
                 
Effect of changes in foreign exchange rate     (21,838 )     (23,277 )
                 
Other changes                
Debt settled through share issuance     (192,395 )     (4,392,171 )
Conversion of convertible debt     (257,082 )     -  
Debt applied to notes receivable     (120,900 )        
Interest accrual     -       2,160  
Interest capitalized     -       446,355  
Value placed on warrants issued     (557,407 )     -  
Value placed on beneficial conversion feature     (621,166 )     -  
Gain on debt deposit     -       (50,982 )
Accretion of loan balance     967,382       56,500  
Balance, end of the period   $ 6,570,093     $ 4,432,490