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v3.24.4

Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended
--- | ---
Nov. 30, 2024 | Nov. 30, 2023
Revenue from the sale of mining equipment | $ 717,147 | $ 169,721
Revenue from hosting | 0 | 11,864
Revenue from self-mining | 483,683 | 329,723
Total revenue | 1,200,830 | 511,308
Gross profit | 120,205 | 104,082
Operating expenses: |  |
General and administrative expenses | 82,322 | 68,398
Depreciation | 130,625 | 222,530
Professional fees | 103,400 | 75,860
Related party compensation | 773,093 | 349,174
Change in the fair value of cryptocurrency | (85,216) | 0
Total operating expenses | 1,004,224 | 715,962
Loss from operations | (884,018) | (611,880)
Other income (expense) |  |
Interest expense | (68,435) | (99,420)
Loss on the extinguishment of debt | (23,003) | (37,537)
Loss on investment | 0 | (43,214)
Change in derivative liability | 0 | (152,612)
Interest income | 718 | 14,793
Other (expense), net | (90,720) | (317,990)
Net loss | (974,738) | (929,870)
Deemed dividend on Series A Preferred Stock | (2,960,648) | 0
Net loss attributable to common stockholders | $ (3,935,386) | $ (929,870)
Basic (loss) per common share | $ (0.08) | $ (0.02)
Diluted (loss) per common share | $ (0.08) | $ (0.02)
Weighted-average number of common shares outstanding: Basic | 47,422,058 | 49,748,705
Weighted-average number of common shares outstanding: Diluted | 47,422,058 | 49,748,705
Sale of Mining Equipment [Member] |  |
Cost of revenue | $ 670,000 | $ 180,891
Self Mining [Member] |  |
Cost of revenue | 410,625 | 222,942
Hosting Services [Member] |  |
Cost of revenue | $ 0 | $ 3,393

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