Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Aug. 31, 2017
Aug. 31, 2016
OPERATING ACTIVITIES    
Net loss $ (7,491,990) $ (1,854,556)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 65,369 23,222
Stock issued for services 329,645  
Stock based compensation 43,415 0
Changes in Operating Assets and Liabilities    
Accounts receivable (372,352) (56,438)
Prepaid expenses (2,344,192) (384,433)
Other current assets 57,566 (15,916)
Deposits and other assets (21,867) (104,613)
Accounts payable 334,027 807,987
Payroll related liabilities 1,665,739 722,715
Other current liabilities 157,713 121,269
Net cash used in operating activities (7,576,927) (740,763)
INVESTING ACTIVITIES    
Purchase of fixed assets (4,661) (371,995)
Net cash used in investing activities (4,661) (371,995)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock 12,000,000 1,872,600
Issuance Costs related to common stock issuance (1,112,739)
Proceeds from issuance of common stock and warrants 1,577,500
Proceeds from stock subscription receivable 5,040
Proceeds from exercise of warrants 145,000  
Net cash provided by financing activities 12,609,761 1,877,640
Net increase in cash 5,028,173 764,882
Cash - beginning of period 868,532 103,650
Cash - end of period $ 5,896,705 $ 868,532