Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Aug. 31, 2018
Aug. 31, 2017
Current assets    
Cash $ 1,649,783 $ 5,896,705
Restricted cash - workers' compensation 305,218
Accounts receivable 110,931 428,790
Unbilled accounts receivable 6,192,631
Deposit-workers' compensation 1,366,879 2,335,000
Prepaid expenses 563,002 352,188
Other current assets 258,901 15,916
Total current assets 10,447,345 9,028,599
Fixed assets, net 3,032,325 288,065
Deposits- workers' compensation 2,201,556
Deposits and other assets 120,606 126,480
Total Assets 15,801,832 9,443,144
Current liabilities    
Accounts payable 1,246,461 1,160,474
Payroll related liabilities 9,476,641 2,388,454
Convertible Note, Net 7,156,515
Accrued workers' compensation costs 305,217
Other current liabilities 5,455,921 278,982
Total current liabilities 23,640,755 3,827,910
Noncurrent liabilities    
Accrued workers' compensation costs 900,978
Total liabilities 24,541,733 3,827,910
Commitments and contingencies (Note 12)
Stockholders' (deficit) equity    
Preferred stock, 50,000,000 authorized shares; $0.0001 par value; no shares issued and outstanding
Common stock, 750,000,000 authorized shares; $0.0001 par value; 28,851,787 and 28,762,424 shares issued and outstanding as of August 31, 2018 and 2017, respectively 2,886 2,877
Additional paid-in capital 17,233,919 15,012,584
Accumulated deficit (25,976,706) (9,400,227)
Total stockholders' (deficit) equity (8,739,901) 5,615,234
Total liabilities and stockholders' (deficit) equity $ 15,801,832 $ 9,443,144