Quarterly report pursuant to Section 13 or 15(d)

Notes Receivable

v3.21.2
Notes Receivable
3 Months Ended
Nov. 30, 2019
Notes Receivable [Abstract]
NOTES RECEIVABLE
5. NOTES RECEIVABLE

The Company’s notes receivables consist of:


Maturity Date Interest
Rate
November 30,
2019
August 31,
2019
Private debtor March 15, 2020 5 % $ 76,000 $ 76,000
Private debtor August 20, 2021 5 % 757,581 642,581
Private debtor August 20, 2021 5 % 469,585 117,000
Interest accrued 32,499 10,162
$ 1,335,665 $ 845,743
Disclosed as follows:
Current portion $ 86,296 $ 85,359
Long-term portion 1,249,369 760,384
$ 1,335,665 $ 845,743