Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.4
Segment Information (Tables)
3 Months Ended
Nov. 30, 2021
Segment Information [Abstract]
Schedule of oil extraction and processing segment
November 30, 2021
Oil Mining
(in ’000s of dollars) Extraction Operations Consolidated
Additions to non-current assets $
-
$
-
$
-
Reportable segment assets 46,553 33,240 79,793
Reportable segment liabilities (10,671 )
-
(10,671 )
$ 35,882 $ 33,240 $ 69,122

November 30, 2020
Oil Mining
(in ’000s of dollars) Extraction Operations Consolidated
Additions to non-current assets $ 4,173 $
-
$ 4,173
Reportable segment assets 44,897 33,240 78,137
Reportable segment liabilities (18,171 ) (100 ) (18,271 )
$ 26,726 $ 33,140 $ 59,866

Schedule of segment operating results
November 30, 2021
(in ’000s of dollars) Oil
Extraction
Mining
operations
Consolidated
Revenue from license fees $
-
$
-
$
-
Other production and maintenance costs (285 )
-
(285 )
Gross Loss (285 )
-
(285 )
Operating Expenses
Depreciation, depletion and amortization 11
-
11
Selling, general and administrative expenses 1,394
-
1,394
Investor relations 40
-
46
Professional fees 646
-
646
Research and development 175 175
Salaries and wages 156
-
156
Travel and promotional expenses 83
-
83
Other 288
-
288
Financing costs 626
-
626
Other expense (income) 281
-
281
Forgiveness of federal relief loans (134 )
-
(134 )
Loss on debt extinguishment 444
-
444
Interest income (29 )
(29 )
Derivative liability movements (52 )
-
(52 )
Net loss $ 2,545 $
-
$ 2,545

November 30, 2020
(in ’000s of dollars) Oil
Extraction
Mining
operations
Consolidated
Revenue from license fees $ 2,000 $
 -
$ 2,000
Other production and maintenance costs (345 )
-
(345 )
Gross Profit 1,655
-
1,655
Operating Expenses
Depreciation, depletion and amortization 12
-
12
Selling, general and administrative expenses 1,045
-
1,045
Investor relations 88
-
88
Professional fees 399
-
399
Salaries and wages 88
-
88
Share-based compensation 200
-
200
Travel and promotional expenses 83
-
83
Other 187
-
187
Financing costs 621
-
621
Other expense (income) 544
-
544
Gain on settlement of liabilities 134
-
134
Loss on conversion of convertible debt 80
-
80
Loss on debt extinguishment 330
-
330
Derivative liability movements (157 )
-
(157 )
Net loss $ 410 $
-
$ 410