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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
May 31, 2024
May 31, 2023
Cash flows from operating activities    
Net loss from continuing operations $ (2,398,921) $ (1,548,784)
Net loss from discontinued operations (11,797) (259,320)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation 9,213 11,115
Stock based compensation expense 351,958 134,655
Impairment of fixed assets 683,950 (0)
Changes in operating assets and liabilities:    
Deferred research and development costs (10,184) 43,236
Prepaid expenses and other assets 149,957 (102,596)
Accounts payable and accrued expenses 22,398 67,809
Related party payable 53,864 69,812
Net cash used in operating activities (1,149,562) (1,584,073)
Cash flows from investing activities    
Purchase of short-term investments (4,000,000) (6,000,000)
Redemption of short-term investments 5,500,000 0
Capital expenditures (1,949) 0
Net cash provided by (used in) investing activities 1,498,051 (6,000,000)
Effect of exchange rate changes on cash and cash equivalents (1) (505)
Net increase (decrease) in cash and cash equivalents 348,488 (7,584,578)
Cash and cash equivalents at beginning of period 492,610 8,077,849
Cash and cash equivalents at end of period $ 841,098 $ 493,271