Annual report pursuant to Section 13 and 15(d)

Other Expense (Income), Net

v3.21.2
Other Expense (Income), Net
12 Months Ended
Aug. 31, 2021
Other Income and Expenses [Abstract]
OTHER EXPENSE (INCOME), NET
28. OTHER EXPENSE (INCOME), NET

Other expense (income), net, consists of the following:

Year ended August 31,
2021
Year ended August 31,
2020
Loss (gain) on settlement of liabilities $ 48,283 $ (524,971
Loss on conversion of convertible debt 1,033,921 744,918
Loss (gain) on debt extinguishment 416,480 (54,378 )
Penalty on convertible notes 202,908 610,312
Forgiveness of federal relief loans (133,890 )
-
Interest income (3,800 ) (29,317 )
$ 1,563,902 $ 746,564