Quarterly report pursuant to Section 13 or 15(d)

Notes Receivable

v3.21.2
Notes Receivable
 9 Months Ended
May 31, 2021
Notes Receivable Disclosure [Abstract]
NOTES RECEIVABLE
4. NOTES RECEIVABLE

The Company’s notes receivables consist of:


Maturity Date Interest
Rate

May 31,

2021

 August 31,
2020
Private debtor March 16, 2020 5 % $ 76,000 $ 76,000
Interest accrued 16,002 13,159
$ 92,002 $ 89,159
Disclosed as follows:
Current portion $ 92,002 $ 89,159

Manhatten Enterprises


The Company advanced Manhatten Enterprises the sum of $76,000 pursuant to a promissory note on March 16, 2017. The note, which bears interest at 5% per annum, matured on March 16, 2020. The Note has reached its maturity date and is currently on demand until a new agreement is negotiated.