Consolidated Statements of Cash Flow - USD ($)
|
12 Months Ended |
Aug. 31, 2016 |
Aug. 31, 2015 |
| Net Cash used in operating activities |
|
|
| Net loss |
$ (3,687,040)
|
$ (1,932,201)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Impairment of website development |
600
|
|
| Bad debt |
4,800
|
|
| Stock-based compensation |
736,374
|
1,549,640
|
| Changes in assets and liabilities: |
|
|
| Accounts payable and accrued expenses |
56,120
|
235,427
|
| Accounts payable and accrued expenses - related party |
422,307
|
125,100
|
| Stock payable |
2,315,000
|
|
| Net cash used in operating activities |
(151,839)
|
(22,034)
|
| Net cash used in investing activities |
|
|
| Capital expenditures |
|
(600)
|
| Net cash used in investing activities |
|
(600)
|
| Net cash provided by financing activities |
|
|
| Due from affiliate, net |
|
5,782
|
| Proceeds from loan from officer |
153,011
|
|
| Proceeds from shareholder advance |
|
10,000
|
| Net cash provided by financing activities |
153,011
|
15,782
|
| Increase (decrease) in cash |
1,172
|
(6,852)
|
| Commitments |
|
|
| Cash, beginning of period |
|
6,852
|
| Cash, end of period |
1,172
|
|
| Supplemental disclosure of cash flow information: |
|
|
| Income taxes paid |
|
|
| Interest expense paid |
|
|
| Non-cash transaction |
|
|
| Common shares for accounts payable |
80,933
|
|
| Common shares returned to treasury and cancelled |
$ 3,538
|
|