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v3.24.3

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended
--- | ---
Aug. 31, 2024 | Aug. 31, 2023
Cash flows used in operating activities |  |
Net loss | $ (5,808,654) | $ (6,712,525)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Stock based compensation | 492,236 | 170,382
Depreciation and amortization | 76,153 | 145,397
Impairment loss | 57,836 | 106,761
Bad debt expense | 7,760 | 0
Noncash lease expense | 32,603 | 41,564
Unrealized loss on marketable securities | 69,835 | 221,693
Lease accretion | 6,672 | 2,227
Change in operating assets and liabilities |  |
Accounts receivable | (35,551) | 26,539
Inventory | 0 | 43,069
Prepaid expenses and deposits | (641,034) | 29,978
Long-term receivables | (15,016) | 0
Accounts payable and accrued liabilities | 826,468 | 88,492
Operating lease liability | (33,273) | (44,814)
Deferred revenue | 4,962 | 0
Net cash used in operating activities | (4,959,003) | (5,881,237)
Cash flows used in investing activities |  |
Intellectual property | (145,591) | (135,862)
Purchase of equipment | (43,014) | (33,748)
Net cash used in investing activities | (188,605) | (169,610)
Cash flows from financing activities |  |
Proceeds from exercise of stock options | 2,875 | 0
Proceeds from sale of common shares for cash | 4,208,731 | 1,589,731
Proceeds from exercise of warrants | 6,103,601 | 0
Net cash from financing activities | 10,315,207 | 1,589,731
Effect of exchange rate changes on cash | (19,816) | 0
Net change in cash for the period | 5,147,783 | (4,461,116)
Cash at beginning of period | 1,352,102 | 5,813,218
Cash at end of period | 6,499,885 | 1,352,102
Supplemental information of cash flows: |  |
Income taxes paid in cash | 10,042 | 8,214
Remeasurement of operating lease right of use assets and liabilities | $ 0 | $ 156,566

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