XML 19 R6.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income for the year $ (20,626) $ 1,164,123
Items not affecting cash:    
Depreciation and amortization 397,922 319,617
Stock-based compensation expense 23,303 56,838
Gain on sale of property, plant and equipment (70,250) (4,526)
Deferred income taxes (294,877) (141,943)
Changes in non-cash working capital items:    
Decrease (increase) in accounts receivable 1,556,722 (105,143)
Decrease (increase) in inventory 2,293,265 (6,240,948)
Decrease in prepaid expenses 481,787 1,193,245
Decrease in prepaid income taxes 208,963 43,995
Increase in accounts payable and accrued liabilities 872,302 274,321
Increase in income taxes payable 147,629
Net cash and cash equivalents provided by (used by) operating activities 5,596,140 (3,440,421)
CASH FLOWS FROM INVESTING ACTIVITIES    
Increase in intangible assets (102,500) (3,535)
Proceeds on sale of property, plant and equipment 70,250
Purchase of property, plant and equipment (223,916) (1,255,894)
Net cash and cash equivalents used in investing activities (256,166) (1,259,429)
CASH FLOWS FROM FINANCING ACTIVITIES    
(Repayment) proceeds from bank indebtedness (5,740,741) 4,000,000
Net cash and cash equivalents provided by (used in) financing activities (5,740,741) 4,000,000
Net (decrease) in cash and cash equivalents (400,767) (699,850)
Cash and cash equivalents, beginning of year 484,463 1,184,313
Cash and cash equivalents, end of year $ 83,696 $ 484,463