Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.2
Debt (Tables)
9 Months Ended
May 31, 2019
Debt Disclosure [Abstract]  
Schedule of long-term debt
              Principal due     Principal due  
Lender   Maturity Date   Interest Rate     May 31,
2019
    August 31,
2018
 
                       
Private lenders   December 2, 2018     10.00 %   $ 200,000     $ 200,000  
Private lenders   May 1, 2019     5.00 %     557,501       632,512  
Private lenders   September 17, 2019     10.00 %     100,000       -  
Private lenders   July 28, 2020     10.00 %     -       120,900  
Private lenders   August 31, 2020     5.00 %     -       70,900  
Equipment loans   April 20, 2020 –  November 7, 2021     4.30 - 12.36 %     455,032       602,239  
Total loans               $ 1,312,533     $ 1,626,551  
Schedule of long-term debt
    May 31,
2019
    August 31,
2018
 
             
Principal classified as repayable within one year   $ 1,060,124     $ 1,027,569  
Principal classified as repayable later than one year     252,409       598,982  
    $ 1,312,533     $ 1,626,551