Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
9 Months Ended
May 31, 2019
Segment Reporting [Abstract]
Schedule of oil extraction and processing segment
May 31, 2019

(in ’000s of dollars)

Oil
Extraction
Mining operations Consolidated
Additions to non-current assets $ 7,851 $ 10,800 $ 18,651
Reportable segment assets 37,291 19,655 56,946
Reportable segment liabilities $ 10,584 $ 169 $ 10,753
May 31, 2018

(in ’000s of dollars)

Oil
Extraction
Mining operations Consolidated
Additions to non-current assets $ 3,025 $ - $ 3,025
Reportable segment assets 22,959 9,047 32,006
Reportable segment liabilities $ 7,821 $ 169 $ 7,990
Schedule of segment operating results
May 31, 2019

(in ’000s of dollars)

Oil
Extraction

Mining

operations

Consolidated
External Revenues $ 59 $ - $ 59
Cost of Goods Sold 729 199 928
Gross Loss (670 ) (199 ) (869 )
Operating Expenses
General and administrative 593 13 606
Travel and promotion 1,959 - 1,959
Professional fees 3,363 - 3,363
Legal fees 1,343 - 1,343
Research and development 113 - 113
Salaries and wages 1,043 - 1,043
Share-based compensation 916 - 916
Loss on settlement of liabilities 98 - 98
Loss on convertible debt 100 - 100
Interest expense 2,534 - 2,534
Equity loss 150 - 150
Other income (95 ) - (95 )
Depreciation and amortization 54 - 54
Net loss $ 12,841 $ 212 $ 13,053
May 31, 2018
(in ’000s of dollars) Oil
Extraction
Mining
operations
Consolidated
External Revenues $ - $ - $ -
Cost of Goods Sold 29 205 234
Gross Loss (29 ) (205 ) (234 )
Operating Expenses
General and administrative 401 11 412
Travel and promotion 2,087 - 2,087
Professional fees 1,576 - 1,576
Legal fees 140 - 140
Salaries and wages 639 - 639
Share-based compensation 2,523 - 2,523
Gain on settlement of liabilities (216 ) - (216 )
Interest expense 323 - 323
Other income (51 ) - (51 )
Equity income from investment in Accord Energy - - -
Depreciation and amortization 890 - 890
Net loss $ 8,341 $ 216 $ 8,557