Schedule of Other Receivables |
Other
receivables at August 31, 2022 and 2021 consisted of the following:
Schedule of Other Receivables
| |
2022 | | |
2021 | |
| |
$ | - | | |
$ | 296,888 | |
Notes receivable dated April 1, 2015 and amended on May 23, 2017; accrued interest at 8% per annum; secured by certain assets; due March 1, 2019 (repaid during fiscal year 2022). | |
$ | - | | |
$ | 296,888 | |
| |
| | | |
| | |
Advance to corporation; accrues interest at 12% per annum; unsecured; due January 31, 2023, as amended. | |
| 76,272 | | |
| 79,170 | |
| |
| | | |
| | |
Advance to corporation; accrues interest at 10%
per annum after the first 60 days; unsecured; due May
1, 2023, as amended. As at August 31, 2022, the outstanding balance of $299,672 (principal and
accrued interest) was considered uncollectible and written off. | |
| - | | |
| 225,924 | |
| |
| | | |
| | |
Advance to corporation; accrues interest at 12% per annum; secured by property and other assets of debtor; due March 1, 2023, as amended. | |
| 551,536 | | |
| 509,063 | |
| |
| | | |
| | |
Advance to corporation; accrues interest at 10% per annum; secured by assets of debtor; due March 1, 2023, as amended. | |
| 457,527 | | |
| 395,850 | |
Total other receivables | |
| 1,085,335 | | |
| 1,506,895 | |
Current portion | |
| (1,085,335 | ) | |
| (814,157 | ) |
Long-term portion | |
$ | - | | |
$ | 692,738 | |
|