Cover
Cover - shares | 3 Months Ended | |
Nov. 30, 2023 | Jan. 31, 2024 | |
Cover [Abstract] | ||
Entity Registrant Name | ASTRA ENERGY, INC. | |
Entity Central Index Key | 0001231339 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Current Fiscal Year End Date | --08-31 | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Emerging Growth Company | false | |
Entity Current Reporting Status | Yes | |
Document Period End Date | Nov. 30, 2023 | |
Entity Filer Category | Non-accelerated Filer | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2024 | |
Entity Common Stock Shares Outstanding | 80,263,982 | |
Entity File Number | 000-52205 | |
Entity Incorporation State Country Code | NV | |
Entity Tax Identification Number | 20-3113571 | |
Entity Address Address Line 1 | 9565 Waples Street | |
Entity Address Address Line 2 | Suite 200 | |
Entity Address City Or Town | San Diego | |
Entity Address State Or Province | CA | |
Entity Address Postal Zip Code | 92121 | |
City Area Code | 1-800 | |
Local Phone Number | 705-2919 | |
Security 12b Title | Common | |
Trading Symbol | ASRE | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Interactive Data Current | Yes |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Nov. 30, 2023 | Aug. 31, 2023 |
Current assets: | ||
Cash | $ 13,994 | $ 23,250 |
Total current assets | 13,994 | 23,250 |
Investment (Note 4) | 4,410,000 | 2,725,000 |
Operating leases, right of use assets (Note 5) | 4,818,471 | 4,818,471 |
Total Assets | 9,242,465 | 7,566,721 |
Current liabilities: | ||
Accounts payable | 454,674 | 265,917 |
Accounts payable - related parties (Note 6) | 403,200 | 322,500 |
Refundable deposits | 190,000 | 190,000 |
Accrued interest payable | 9,543 | 6,840 |
Loan payable-related party (Note 7) | 93,011 | 93,011 |
Note payable (Note 8) | 100,000 | 100,000 |
Debenture payable (Note 9) | 20,000 | 20,000 |
Operating lease liability - current portion | 127,460 | 127,460 |
Total current liabilities | 1,397,888 | 1,125,728 |
Operating lease liability - net of current portion (Note 5) | 4,691,011 | 4,691,011 |
Total Liabilities | 6,088,899 | 5,816,739 |
Commitments and contingencies | 0 | 0 |
Stockholders' Equity: | ||
Common stock, $0.001 par value; 100,000,000 shares authorized; 72,763,982 and 67,638,982 shares issued and outstanding, respectively. | 72,764 | 67,639 |
Stock subscriptions receivable | (5,000) | (5,000) |
Common stock to be issued | 0 | 0 |
Additional paid-in capital | 56,055,812 | 54,341,562 |
Accumulated deficit | (52,971,071) | (52,655,280) |
Total Stockholders' Equity | 3,153,566 | 1,749,982 |
Total Liabilities and Stockholders' Equity | 9,242,465 | 7,566,721 |
Series A Preferred Stock | ||
Stockholders' Equity: | ||
Preferred stock value | 8 | 8 |
Series B Preferred Stock | ||
Stockholders' Equity: | ||
Preferred stock value | 0 | 0 |
Series C Preferred Stock | ||
Stockholders' Equity: | ||
Preferred stock value | 748 | 748 |
Series D Preferred Stock | ||
Stockholders' Equity: | ||
Preferred stock value | 305 | 305 |
Series A1 Preferred Stock | ||
Stockholders' Equity: | ||
Preferred stock value | $ 0 | $ 0 |
CONDENSED CONSOLIDATED BALANC_2
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Nov. 30, 2023 | Aug. 31, 2023 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 72,763,982 | 67,638,982 |
Common stock, shares outstanding | 72,763,982 | 67,638,982 |
Series A Preferred Stock | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 8,000,000 | 8,000,000 |
Preferred stock, shares issued | 7,774 | 7,774 |
Preferred stock, shares outstanding | 7,774 | 7,774 |
Series B Preferred Stock | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 100,000 | 100,000 |
Preferred stock, shares issued | 207 | 207 |
Preferred stock, shares outstanding | 207 | 207 |
Series C Preferred Stock | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 747,870 | 747,870 |
Preferred stock, shares outstanding | 747,870 | 747,870 |
Series D Preferred Stock | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 380,000 | 380,000 |
Preferred stock, shares issued | 304,558 | 304,558 |
Preferred stock, shares outstanding | 304,558 | 304,558 |
Series A1 Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1 | 1 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | |
Nov. 30, 2023 | Nov. 30, 2022 | |
Operating Expenses: | ||
General and administrative | $ 40,335 | $ 48,022 |
Business development | 153,145 | 271,941 |
Consulting - related party | 0 | 960 |
Executive compensation | 79,500 | 933,000 |
Stock compensation-consulting | 34,375 | 347,500 |
Total operating expenses | 307,355 | 1,601,423 |
Loss from operations | (307,355) | (1,601,423) |
Foreign exchange | (5,733) | 400 |
Interest expense | (2,703) | (2,216) |
Total other expense | (8,436) | (1,816) |
Loss before provision for income taxes | (315,791) | (1,603,239) |
Provision for income taxes | 0 | 0 |
Net Loss | $ (315,791) | $ (1,603,239) |
Net loss per share, basic and diluted | $ (0.004) | $ (0.03) |
Weighted average shares outstanding, basic and diluted | 68,109,600 | 62,883,727 |
CONDENSED CONSOLIDATED STATEM_2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (Unaudited) - USD ($) | Total | Common Stock | Additional Paid-In Capital | Retained Earnings (Accumulated Deficit) | Common Stock to Be Issued | Stock Subscription Receivable | Preferred Stock Series A [Member] | Preferred Stock Series B [Member] | Preferred Stock Series C [Member] | Preferred Stock Series D [Member] | Preferred Stock Series A1 [Member] |
Balance, shares at Aug. 31, 2022 | 50,355,540 | 15,774 | 207 | 747,870 | 304,558 | 1 | |||||
Balance, amount at Aug. 31, 2022 | $ (53,900) | $ 50,356 | $ 42,104,418 | $ (42,224,735) | $ 20,000 | $ (5,000) | $ 16 | $ 0 | $ 748 | $ 305 | $ 0 |
Common stock issued for - related party, Shares | 350,000 | ||||||||||
Common stock issued for - related party, Amount | 848,500 | $ 350 | 848,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stock issued for services, shares | 350,000 | ||||||||||
Common stock issued for services, Amount | 347,150 | $ 350 | 347,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stock issued for acquisitions, Shares | 7,650,000 | ||||||||||
Common stock issued for acquisitions, Amount | 8,830,000 | $ 7,650 | 8,822,350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stock issued for cash, Shares | 569,000 | ||||||||||
Common stock issued for cash, Amount | 264,500 | $ 569 | 283,931 | 0 | (20,000) | 0 | 0 | 0 | 0 | 0 | 0 |
Net Income (Loss) | (1,603,239) | $ 0 | 0 | (1,603,239) | 0 | 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Balance, shares at Nov. 30, 2022 | 59,274,500 | 15,774 | 207 | 747,870 | 304,558 | 1 | |||||
Balance, amount at Nov. 30, 2022 | (8,633,011) | $ 59,275 | 52,404,999 | (43,937,974) | 0 | (5,000) | $ 16 | $ 0 | $ 748 | $ 305 | $ 0 |
Balance, shares at Aug. 31, 2023 | 67,638,982 | 7,774 | 207 | 747,870 | 304,558 | 1 | |||||
Balance, amount at Aug. 31, 2023 | 1,749,982 | $ 67,639 | 54,341,562 | (52,655,280) | 0 | (5,000) | $ 8 | $ 0 | $ 748 | $ 305 | $ 0 |
Common stock issued for services, shares | 125,000 | ||||||||||
Common stock issued for services, Amount | 34,375 | $ 125 | 34,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common stock issued for acquisitions, Shares | 5,000,000 | ||||||||||
Common stock issued for acquisitions, Amount | 1,685,000 | $ 5,000 | 1,680,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Income (Loss) | (315,791) | $ 0 | 0 | (315,791) | 0 | 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Balance, shares at Nov. 30, 2023 | 72,763,982 | 7,774 | 207 | 747,870 | 304,558 | 1 | |||||
Balance, amount at Nov. 30, 2023 | $ 3,153,566 | $ 72,764 | $ 56,055,812 | $ (52,971,071) | $ 0 | $ (5,000) | $ 8 | $ 0 | $ 748 | $ 305 | $ 0 |
CONDENSED CONSOLIDATED STATEM_3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 3 Months Ended | |
Nov. 30, 2023 | Nov. 30, 2022 | |
CASH FLOW FROM OPERATING ACTIVITIES: | ||
Net loss | $ (315,791) | $ (1,603,239) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock based compensation | 34,375 | 347,500 |
Executive stock compensation | 0 | 848,500 |
Changes in assets and liabilities: | ||
Agreement receivable | 0 | 5,135 |
Accounts payable and accruals | 191,460 | 16,870 |
Accounts payable - related party | 80,700 | (21,500) |
Due to related party | 0 | (50,060) |
Net Cash Used in Operating Activities | (9,256) | (456,794) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from sale of shares | 0 | 264,500 |
Net Cash Provided by Financing Activities | 0 | 264,500 |
Net Change in Cash | (9,256) | (192,294) |
Cash at Beginning of Period | 23,250 | 198,899 |
Cash at End of Period | 13,994 | 6,605 |
Supplemental disclosure of non-cash investing activity: | ||
Common stock issued for investment | $ 1,685,000 | $ 2,725,000 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 3 Months Ended |
Nov. 30, 2023 | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Astra Energy, Inc. (the “Company”, “Astra”), was incorporated in the State of Nevada on June 12, 2000. A Certificate of Amendment was filed on August 22, 2020 with the Nevada Secretary of State changing the name of the Company to Astra Energy, Inc. The Company is an emerging leader in the acquisition and development of technology in the Waste-to-Energy project sector. On October 17, 2019, there was an order by the Eight Judicial District Court of Clark County Nevada appointing a Custodian to the Company. The custodianship was discharged on June 18, 2020. On September 15, 2021, the Company affected a forward stock split of 3 for 1 which was approved by the Financial Industry Regulatory Authority (“FINRA”). All shares throughout these statements reflect the forward split. On September 21, 2021, the Company incorporated a wholly owned subsidiary in Uganda called Astra Energy Africa - SMC Limited. On October 12, 2021, the Company incorporated a majority owned subsidiary in Uganda called Astra Energy Services Limited. The Company is owned 80% by Astra Energy Inc. and 20% by Ssingo Oils and Gas - SMC Limited of Mityana, Uganda. On November 15, 2021, the Company incorporated a wholly owned subsidiary in the State of California called Astra Energy California, Inc. On October 26, 2023, the name of the subsidiary was changed to Astra Biofuels Inc. On December 22, 2021, the Company incorporated a subsidiary in Tanzania called Astra Energy Tanzania Limited. The Company is owned 80% by Astra Energy Inc. and 20% by Kiluwa Group of Companies Limited of Kinondoni, Tanzania. On August 17, 2022, the Company incorporated a wholly owned subsidiary in the State of Florida called Astra Holcomb Energy Systems Inc. On October 27, 2022, the Company acquired 50% of the outstanding shares of Astra-Holcomb Energy Systems LLC., a Delaware entity, in exchange for 5 million shares of the Company’s common stock. Astra-Holcomb Energy Systems LLC holds the exclusive rights to manufacture and distribute the patented Holcomb Energy System In-Line Power Generator. There are no other assets and no liabilities in Astra-Holcomb Energy Systems LLC. As at August 31, 2023, the Company has acquired a 28% interest in Regreen Technologies, Inc. in exchange for 7,759,442 common shares of the Company. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Nov. 30, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending August 31, 2024. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended August 31, 2023. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Principles of Consolidation These financial statements include the accounts of the Company and its subsidiaries. Subsidiaries are all entities (including structured entities) which the Company controls. For accounting purposes, control is established by an investor when it is exposed to, or has rights to, variable returns from its involvement with the entity and when it can affect those returns through its power over the entity. All inter-company balances and transactions are eliminated upon consolidation. Cash and Cash Equivalents The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no cash equivalents as of November 30, 2023 and 2022. Inventory Inventory is carried at the lower of cost or net realizable value, with the cost being determined on a first-in, first-out (FIFO) basis. The Company periodically reviews physical inventory and will record a reserve for excess and/or obsolete inventory if necessary. Leases In February, 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Stock-based Compensation We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation – Stock Compensation” (Topic 718) Revenue Recognition The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps: · Identification of a contract with a customer; · Identification of the performance obligations in the contract; · Determination of the transaction price; · Allocation of the transaction price to the performance obligations in the contract; and · Recognition of revenue when or as the performance obligations are satisfied. Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less. Net income (loss) per common share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. For the quarter ended November 30, 2023, the Company has 7,774 potentially dilutive shares from Series A preferred stock and 304,558 potentially dilutive shares from the Series D preferred stock and 20,000 potentially dilutive common shares relating to the Convertible Debenture, and 1,574,000 warrants which are convertible at $1.00 per share into 1,574,000 common shares Any potentially dilutive shares have not been included due to their anti-dilutive effect, as the Company as a net loss. 2023 2022 Net Loss $ (315,791 ) $ (1,603,239 ) Weighted average shares outstanding, basic and diluted 68,109,600 62,883,727 Net loss per share, basic and diluted $ (0.004 ) $ (0.025 ) The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below: Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates. Level 3: Level 3 inputs are unobservable inputs. Recently Issued Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Nov. 30, 2023 | |
GOING CONCERN | |
GOING CONCERN | NOTE 3 – GOING CONCERN As reflected in the accompanying financial statements, the Company has an accumulated deficit of $52,971,071 as of November 30, 2023, and no revenue. These factors raise substantial doubt about its ability to continue as a going concern. The financial statements have been prepared assuming that the Company will continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. In order to continue as a going concern, the Company is planning to secure its financial capital in various ways. It will finance its operations initially through shareholder loans from the principals and through private placement investment offerings. The Company may decide to finance its project development stage by way of an equity offering by issuing shares or by engaging venture capital firms that invest in early-stage companies. Venture capital firms August do more than just supply money to small new opportunities. They can also provide advice on potential products, customers, and key employees. The company will also look to develop a relationship with a bank or banks with the intention of demonstrating a track record of progress and building value and securing some form of financing in the future. Once Astra Energy Inc. has a record of at least earning significant revenues, and better still of earning profits, the firm can make a credible promise to pay interest, and so it becomes possible for the firm to borrow money. Firms have two main methods of borrowing: banks and bonds. If Astra Energy is earning profits (their revenues are greater than costs), the Company can choose to reinvest some of these profits in equipment, structures, and research and development. For many established companies, reinvesting their own profits is one primary source of financial capital. Another source of financial capital that will be considered at the project development stage of a specific project is a bond. A bond is a financial contract: a borrower agrees to repay the amount that was borrowed and also a rate of interest over a period of time in the future. A corporate bond is issued by firms, but bonds are also issued by various levels of government. For example, a municipal bond is issued by cities, a state bond by U.S. states, and a Treasury bond by the federal government through the U.S. Department of the Treasury. A bond specifies an amount that will be borrowed, the interest rate that will be paid, and the time until repayment. Given the nature of the renewable industry regarding long term power purchase agreements or offtake agreements bonds are a very cost effective and reliable method of funding projects. |
INVESTMENT
INVESTMENT | 3 Months Ended |
Nov. 30, 2023 | |
INVESTMENT | |
INVESTMENT | NOTE 4 - INVESTMENT The investment of $4,410,000 relates to the acquisition of 50% of the outstanding shares of Astra-Holcomb Energy Systems LLC., a Delaware entity, in exchange for 5 million shares of the Company’s common stock and the acquisition of the exclusive global manufacturing and distribution rights for the Holcomb In-Line Power Generator in exchange for 5 million shares of the Company’s common stock. The value of the acquisitions was based on the closing stock price of the Company’s shares on the effective dates of the agreements. Astra-Holcomb Energy Systems LLC holds the exclusive rights to manufacture and distribute the patented Holcomb Energy System In-Line Power Generator. There are no other assets and no liabilities in Astra-Holcomb Energy Systems LLC. There was no impact to the results of operations for the year ended November, 2023, as the Company only issued common stock. The valuation of the investment is based on deemed value of patents, the size of the potential market for the technology and numerous expressions of interest to purchase product. If the Company fails to raise the necessary capital to set up manufacturing and distribution, this investment would be at risk and would become subject to impairment in full. |
OPERATING LEASES
OPERATING LEASES | 3 Months Ended |
Nov. 30, 2023 | |
OPERATING LEASES | |
OPERATING LEASES | NOTE 5 - OPERATING LEASES The value of these leases is based primarily on engineering studies and letters from government agencies accepting preliminary studies for the installation of renewable energy sources and the provision of Power Purchase Agreements. If the Company fails to raise the necessary capital for the installations of energy and does not receive the Power Purchase Agreements, the total value of these leases would be subject to impairment in full. On May 10, 2023, Astra Energy Zanzibar Limited entered into a Lease Agreement with Revolutionary Government of Zanzibar, for 3.457 Hectares (approximately 8.5 acres) of land at Kibele South Region of Unguja. The term of the lease is 33 years with yearly lease payments of $6,914 payable on or before December 1 st On May 10, 2023, Astra Energy Zanzibar Limited entered into a Lease Agreement with Revolutionary Government of Zanzibar, for 80.35 Hectares (approximately 198.5 acres) of land at Kibele South Region of Unguja. The term of the lease is 33 years with yearly lease payments of $160,700 payable on or before December 1 st Balance Sheet Classification November 30, 2023 Asset Operating lease asset Right of use asset $ 4,818,471 Total lease asset $ 4,818,471 Liability Operating lease liability – current portion Current operating lease liability $ 127,460 Operating lease liability – noncurrent portion Long-term operating lease liability 4,691,011 Total lease liability $ 4,818,471 |
OTHER RELATED PARTY TRANSACTION
OTHER RELATED PARTY TRANSACTIONS | 3 Months Ended |
Nov. 30, 2023 | |
OTHER RELATED PARTY TRANSACTIONS | |
OTHER RELATED PARTY TRANSACTIONS | NOTE 6 – OTHER RELATED PARTY TRANSACTIONS As of November 30, 2023, the Company owes $34,000 (August 31, 2023 - $34,000) to the CEO for cash advanced to the Company for working capital. The debt is unsecured, non-interest bearing and has no terms of repayment. As of November 30, 2023, the Company owes $11,750 (August 31, 2023 - $9,750) to the CEO of a wholly-owned subsidiary for cash advanced to the Company for working capital. The debt is unsecured, non-interest bearing and has no terms of repayment. During the quarter ended November 30, 2023, the Company accrued $30,000 in fees to the CEO of the Company. The Company owes $120,000 to the CEO at November 30, 2023 ($90,000 – August 31, 2023). During the quarter ended November 30, 2023, the Company accrued $15,000 in fees to the President. The Company owes $101,500 to the President at November 30, 2023 ($86,500 – August 31, 2023). During the quarter ended November 30, 2023, the Company accrued $22,500 in fees to the CEO of a wholly owned subsidiary. The Company owes $102,500 to the CEO at November 30, 2023 ($80,000 – August 31, 2023). During the quarter ended November 30, 2023, the Company accrued $6,000 in fees to the Chief Financial Officer. The Company owes $16,750 to the Chief Financial Officer at November 30, 2023 ($10,750 – August 31, 2023). During the quarter ended November 30, 2023, the Company accrued $6,000 in fees to the Corporate Secretary. The Company owes $17,500 to the Corporate Secretary at November 30, 2023 ($11,500 – August 31, 2023). |
LOAN PAYABLE RELATED PARTY
LOAN PAYABLE RELATED PARTY | 3 Months Ended |
Nov. 30, 2023 | |
LOAN PAYABLE RELATED PARTY | |
LOAN PAYABLE-RELATED PARTY | NOTE 7 - LOAN PAYABLE-RELATED PARTY As of November 30, 2023, the Company owes $93,011 (August 31, 2023 - $93,011) to the CEO for cash advanced to the Company for repayment of debt. The loan is unsecured, non-interest bearing and has no terms of repayment. |
NOTE PAYABLE
NOTE PAYABLE | 3 Months Ended |
Nov. 30, 2023 | |
NOTE PAYABLE | |
NOTE PAYABLE | NOTE 8 - NOTE PAYABLE On February 16, 2023, the Company entered into a Loan agreement, wherein the Company promised to pay TTII Strategic Acquisitions & Equity, Inc. $100,000 with interest of 10% per annum on or before February 16, 2024. The loan is secured by a patent held by Regreen Technologies, Inc. As of November 30, 2023, the Company owed the lender $100,000 (August 31, 2023 - $100,000) plus accrued interest of $7,863 (August 31, 2023 - $5,370) |
DEBENTURE PAYABLE
DEBENTURE PAYABLE | 3 Months Ended |
Nov. 30, 2023 | |
DEBENTURE PAYABLE | |
DEBENTURE PAYABLE | NOTE 9 – DEBENTURE PAYABLE On January 11, 2022, the Company entered into a Convertible Debenture agreement, wherein the Company promised to pay the Holders $20,000 with interest of 8% per annum on or before January 11, 2024. The Holders have the right to convert any time within 2 years with a conversion price of $1.00 per share subject to adjustments as set out in the Debenture. As of November 30, 2023, there was $1,680 (August 31, 2023 - $1,470) interest owing to the Holders. |
PREFERRED STOCK
PREFERRED STOCK | 3 Months Ended |
Nov. 30, 2023 | |
PREFERRED STOCK | |
PREFERRED STOCK | NOTE 10 – PREFERRED STOCK Series A Convertible Preferred The Series A Convertible Preferred have a conversion rate of $0.75 per share and voting rights on an as converted basis. The holders of record of shares of Series A Preferred Stock are entitled to receive, out of any assets at the time legally available therefor and when and as declared by the Board of Directors, dividends at the rate of 8% per annum in shares of our common stock. On January 19, 2022, 8,000 shares of Series A Preferred Stock were cancelled. The shares were cancelled at the direction of the holder of the Series A Preferred Stock. Subsequent to the cancellation, 7,774 shares of Series A Preferred Stock remain outstanding. Series A1 Preferred On April 24, 2020, the Company created and filed a Certificate of Designation for one share of Series A1 Preferred Stock, par value $0.0001. On January 21, 2022, the board of directors of the Company changed the designation of Series A1 by eliminating its conversion and voting rights. On January 13, 2022, the Company and the sole shareholder of the Series A1 Preferred share entered into a share cancellation agreement, whereby, the sole shareholder of the Series A1 Preferred Shares agreed to the cancellation of the one share of Series A1 Preferred Shares issued and outstanding. Series B Preferred The Company has authorized 207 shares of Series B Preferred Stock. The conversion rights of Series Preferred B were required to be exercised within 5 years. The conversion rights have expired without any of the shares being converted. Series B shares are not entitled to dividends or liquidation preferences and have no voting rights. Series C Preferred The Company has authorized 1,000,000 shares of Series C Preferred Stock. Each share of Series C is convertible into one fully paid and nonassessable share of our common stock at an initial conversion price of $1.20, subject to adjustment. The conversion rights of Series Preferred C were required to be exercised within 5 years. The conversion rights have expired without any of the shares being converted. Series D Preferred The Company has authorized 380,000 shares of Series D Preferred Stock, which ranks junior to our Series A, Series B and Series C Convertible Preferred Stock, but senior to our common stock. Except with respect to specified transactions that August affect the rights, preferences, privileges or voting power of the Series D Preferred Shares and except as otherwise required by Nevada law, the Series D Preferred Shares have no voting rights. At any time on or after the issuance date, the holder of any Series D Preferred Shares August, at the holder’s option, elect to convert all or any portion of the Series D Preferred Shares held by such person into a number of fully paid and nonassessable shares of common stock equal to the quotient of (i) the stated value ($40.00 per share) of the Series D Preferred Shares being converted divided by (ii) the conversion price, which initially is $0.80 per share, subject to certain adjustments. In the event of our liquidation, dissolution or winding up, the holders shall be entitled to receive, out of the assets of the Company available for distribution, an amount equal to the Liquidation Preference Amount which is the product of the stocks Stated Value of $40.00 per share plus 120% before any payment or distribution of assets to the holders of Common Stock or any other Junior Stock. |
COMMON STOCK
COMMON STOCK | 3 Months Ended |
Nov. 30, 2023 | |
COMMON STOCK | |
COMMON STOCK | NOTE 11 – COMMON STOCK During the quarter ended November 30, 2023 the Company issued 125,000 common shares at a price of $0.275 per share in exchange for services for total non-cash compensation of $34,375. The shares were valued based on the closing stock price on the effective date of the agreement. During the quarter ended November 30, 2023 the Company issued 5,000,000 common shares at a price of $0.337 per share in exchange for exclusive global manufacturing and distribution rights to the Holcomb In-Line Power Generator. The shares were valued based on the closing price at the effective date of agreement. |
STOCK SUBSCRIPTIONS RECEIVABLE
STOCK SUBSCRIPTIONS RECEIVABLE | 3 Months Ended |
Nov. 30, 2023 | |
STOCK SUBSCRIPTIONS RECEIVABLE | |
STOCK SUBSCRIPTIONS RECEIVABLE | NOTE 12 – STOCK SUBSCRIPTIONS RECEIVABLE During the year ended August 31, 2022, the Company issued 10,000 common shares pursuant to a Share Subscription Agreement in exchange for $5,000. The shares are included in the total number of shares issued and outstanding at November 30, 2023. |
WARRANTS
WARRANTS | 3 Months Ended |
Nov. 30, 2023 | |
WARRANTS | |
WARRANTS | NOTE 13 – WARRANTS As of November 30, 2023, there are 1,574,000 outstanding warrants. One warrant can be exercised to purchase one share of the Company’s common stock at $1.00 per share. Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term Intrinsic Value Outstanding, August 31, 2022 2,326,000 $ 1.00 1.51 Issued 529,000 $ 1.00 2.00 Cancelled or expired — $ — — Exercised — $ — — Outstanding, August 31, 2023 2,855,000 $ 1.00 0.56 $ — Issued — $ — — Cancelled or expired (1,281,000 ) $ — — Exercised — $ — — Outstanding, November 30, 2023 1,574,000 $ 1.00 0.65 $ — |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Nov. 30, 2023 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS | NOTE 14 – SUBSEQUENT EVENTS No events occurring through to January 31, 2024. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Nov. 30, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of presentation | The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending August 31, 2024. These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements and related notes included in the Company’s financial statements for the year ended August 31, 2023. |
Use of Estimates | The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. |
Principles of Consolidation | These financial statements include the accounts of the Company and its subsidiaries. Subsidiaries are all entities (including structured entities) which the Company controls. For accounting purposes, control is established by an investor when it is exposed to, or has rights to, variable returns from its involvement with the entity and when it can affect those returns through its power over the entity. All inter-company balances and transactions are eliminated upon consolidation. |
Cash and Cash Equivalents | The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no cash equivalents as of November 30, 2023 and 2022. |
Inventory | Inventory is carried at the lower of cost or net realizable value, with the cost being determined on a first-in, first-out (FIFO) basis. The Company periodically reviews physical inventory and will record a reserve for excess and/or obsolete inventory if necessary. |
Leases | In February, 2016, the FASB issued ASU 2016-02, Leases (Topic 842) |
Stock-based Compensation | We account for equity-based transactions with employees and non-employees under the provisions of FASB ASC Topic 718, “Compensation – Stock Compensation” (Topic 718) |
Revenue Recognition | The Company recognizes revenue under ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). The Company determines revenue recognition through the following steps: · Identification of a contract with a customer; · Identification of the performance obligations in the contract; · Determination of the transaction price; · Allocation of the transaction price to the performance obligations in the contract; and · Recognition of revenue when or as the performance obligations are satisfied. Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. As a practical expedient, the Company does not adjust the transaction price for the effects of a significant financing component if, at contract inception, the period between customer payment and the transfer of goods or services is expected to be one year or less. |
Net income (loss) per common share | Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. For the quarter ended November 30, 2023, the Company has 7,774 potentially dilutive shares from Series A preferred stock and 304,558 potentially dilutive shares from the Series D preferred stock and 20,000 potentially dilutive common shares relating to the Convertible Debenture, and 1,574,000 warrants which are convertible at $1.00 per share into 1,574,000 common shares Any potentially dilutive shares have not been included due to their anti-dilutive effect, as the Company as a net loss. 2023 2022 Net Loss $ (315,791 ) $ (1,603,239 ) Weighted average shares outstanding, basic and diluted 68,109,600 62,883,727 Net loss per share, basic and diluted $ (0.004 ) $ (0.025 ) The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. |
Fair Value Measurements | Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic No. 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels, as described below: Level 1: Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Level 2: Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets, quoted prices in markets that are not considered to be active, and observable inputs other than quoted prices such as interest rates. Level 3: Level 3 inputs are unobservable inputs. |
Recently Issued Accounting Pronouncements | The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended |
Nov. 30, 2023 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Schedule of Net income (loss) per common share | 2023 2022 Net Loss $ (315,791 ) $ (1,603,239 ) Weighted average shares outstanding, basic and diluted 68,109,600 62,883,727 Net loss per share, basic and diluted $ (0.004 ) $ (0.025 ) |
OPERATING LEASES (Tables)
OPERATING LEASES (Tables) | 3 Months Ended |
Nov. 30, 2023 | |
OPERATING LEASES | |
Schedule of yearly lease payments | Balance Sheet Classification November 30, 2023 Asset Operating lease asset Right of use asset $ 4,818,471 Total lease asset $ 4,818,471 Liability Operating lease liability – current portion Current operating lease liability $ 127,460 Operating lease liability – noncurrent portion Long-term operating lease liability 4,691,011 Total lease liability $ 4,818,471 |
WARRANTS (Tables)
WARRANTS (Tables) | 3 Months Ended |
Nov. 30, 2023 | |
WARRANTS | |
Schedule of outstanding warrants | Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contract Term Intrinsic Value Outstanding, August 31, 2022 2,326,000 $ 1.00 1.51 Issued 529,000 $ 1.00 2.00 Cancelled or expired — $ — — Exercised — $ — — Outstanding, August 31, 2023 2,855,000 $ 1.00 0.56 $ — Issued — $ — — Cancelled or expired (1,281,000 ) $ — — Exercised — $ — — Outstanding, November 30, 2023 1,574,000 $ 1.00 0.65 $ — |
ORGANIZATION AND DESCRIPTION _2
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative) - shares | 1 Months Ended | 3 Months Ended | |
Aug. 31, 2023 | Oct. 27, 2022 | Nov. 30, 2023 | |
Astra Holcomb Energy System LLC [Member] | |||
Common stock issued in exchange | 5,000,000 | ||
Astra Holcomb Energy System LLC [Member] | October 27, 2022 | |||
Outstanidng share acquisition percentage | 50% | ||
Common stock issued in exchange | 5,000,000 | ||
Regreen Technologies [Member] | August 31, 2023 [Member] | |||
Outstanidng share acquisition percentage | 28% | ||
Common stock issued in exchange | 7,759,442 |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | 3 Months Ended | |
Nov. 30, 2023 | Nov. 30, 2022 | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||
Net Loss | $ (315,791) | $ (1,603,239) |
Weighted average shares outstanding, basic and diluted | 68,109,600 | 62,883,727 |
Net loss per share, basic and diluted | $ (0.004) | $ (0.025) |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) | 3 Months Ended |
Nov. 30, 2023 $ / shares shares | |
Convertible price | $ / shares | $ 1 |
Potentially dilutive shares | 1,574,000 |
Warrants issued | 1,574,000 |
Convertible Debenture | |
Potentially dilutive shares | 20,000 |
Series A Preferred Stock | |
Potentially dilutive shares | 7,774 |
Series D Preferred Stock | |
Potentially dilutive shares | 304,558 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | Nov. 30, 2023 | Aug. 31, 2023 |
GOING CONCERN | ||
Accumulated deficit | $ (52,971,071) | $ (52,655,280) |
INVESTMENT (Details Narrative)
INVESTMENT (Details Narrative) - USD ($) shares in Millions | 3 Months Ended | |
Nov. 30, 2023 | Aug. 31, 2023 | |
Investment in subsidiary | $ 4,410,000 | $ 2,725,000 |
Astra Holcomb Energy System LLC [Member] | ||
Common stock issued in exchange | 5 | |
Investment in subsidiary | $ 4,410,000 | |
Acquisition ownership percentage of outstanding shares | 50% |
OPERATING LEASES (Details)
OPERATING LEASES (Details) - USD ($) | Nov. 30, 2023 | Aug. 31, 2023 |
Operating lease asset | $ 4,818,471 | $ 4,818,471 |
Operating lease liability - current portion | 127,460 | 127,460 |
Operating lease liability - noncurrent portion | 4,691,011 | $ 4,691,011 |
Lease Agreement [Member] | ||
Operating lease asset | 4,818,471 | |
Total lease asset | 4,818,471 | |
Operating lease liability - current portion | 127,460 | |
Operating lease liability - noncurrent portion | 4,691,011 | |
Total lease liability | $ 4,818,471 |
OPERATING LEASES (Details Narra
OPERATING LEASES (Details Narrative) | May 10, 2023 USD ($) a |
Revolutionary Government Of Zanzibar Member | |
Term of the lease | 33 years |
Lease payments | $ 6,914 |
Revolutionary Government of Zanzibar One [Member] | |
Term of the lease | 33 years |
Lease payments | $ 160,700 |
Lease Agreement area | a | 198.5 |
OTHER RELATED PARTY TRANSACTI_2
OTHER RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended |
Nov. 30, 2023 | Aug. 31, 2023 | |
CEO of Wholly Owned Subsdiary 1 Member | ||
Proceeds from related party | $ 102,500 | $ 80,000 |
Fees accrued | 22,500 | |
President Member | ||
Proceeds from related party | 101,500 | 86,500 |
Fees accrued | 15,000 | |
CEO of Wholly Owned Subsdiary Member | ||
Proceeds from related party | 11,750 | 9,750 |
CEO Member | ||
Proceeds from related party | 34,000 | 34,000 |
Chief Financial Officer Member | ||
Proceeds from related party | 16,750 | 10,750 |
Fees accrued | 6,000 | |
Corporate Secretary Member | ||
Proceeds from related party | 17,500 | 11,500 |
Fees accrued | 6,000 | |
CEO 1 Member | ||
Proceeds from related party | 120,000 | $ 90,000 |
Fees accrued | $ 30,000 |
LOAN PAYABLE RELATED PARTY (Det
LOAN PAYABLE RELATED PARTY (Details Narrative) - USD ($) | Nov. 30, 2023 | Aug. 31, 2023 |
Unsecured Debt [Member] | CEO [Member] | ||
Loan payable-related party | $ 93,011 | $ 93,011 |
NOTE PAYABLE (Details Narrative
NOTE PAYABLE (Details Narrative) - USD ($) | Nov. 30, 2023 | Aug. 31, 2023 | Feb. 16, 2023 |
Note payable | $ 100,000 | ||
Interst rate | 10% | ||
CEO [Member] | Regreen Technologies Inc [Member] | |||
Note payable | $ 100,000 | $ 100,000 | $ 100,000 |
Accrued interest | $ 7,863 | $ 5,370 |
DEBENTURE PAYABLE (Details Narr
DEBENTURE PAYABLE (Details Narrative) - USD ($) | Jan. 11, 2022 | Nov. 30, 2023 | Aug. 31, 2023 |
DEBENTURE PAYABLE | |||
Convertible debt payable | $ 20,000 | ||
Interest amount owed to the holders of convertible debenture | $ 1,680 | $ 1,470 | |
Debt interest rate | 8% | ||
Debenture converted description | the right to convert any time within 2 years | ||
Conversion price | $ 1 |
PREFERRED STOCK (Details Narrat
PREFERRED STOCK (Details Narrative) - $ / shares | 1 Months Ended | 3 Months Ended | ||
Jan. 19, 2022 | Nov. 30, 2023 | Aug. 31, 2023 | Apr. 24, 2020 | |
Description of liquidation | Liquidation Preference Amount which is the product of the stocks Stated Value of $40.00 per share plus 120% before any payment or distribution of assets to the holders of Common Stock or any other Junior Stock | |||
Series B Preferred Stock | ||||
Preferred stock, shares authorized | 100,000 | 100,000 | ||
Exercised term | 5 years | |||
Series C Preferred Stock | ||||
Conversion price | $ 1.20 | |||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | ||
Exercised term | 5 years | |||
Series D Preferred Stock | ||||
Preferred stock stated value | $ 40 | |||
Conversion price | $ 0.80 | |||
Preferred stock, shares authorized | 380,000 | 380,000 | ||
Series A1 Preferred Stock [Member] | ||||
Preferred stock, shares authorized | 1 | 1 | ||
Preferred stock, par value | $ 0.0001 | |||
Series A Convertible Preferred [Member] | ||||
Conversion price | $ 0.75 | |||
Preferred stock dividends rate | 8% | |||
Series A Preferred stock | ||||
Cancelled Shares | 8,000 | |||
Remaining outstanding shares | 7,774 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) | 3 Months Ended |
Nov. 30, 2023 USD ($) $ / shares shares | |
Share price | $ / shares | $ 0.275 |
Stock issued dureing period for service, value | $ | $ 34,375 |
Stock issued dureing period for service, share | shares | 125,000 |
Astra-Holcomb Energy Systems Inc Member | |
Share price | $ / shares | $ 0.337 |
Stock issued dureing period for service, share | shares | 5,000,000 |
STOCK SUBSCRIPTIONS RECEIVABLE
STOCK SUBSCRIPTIONS RECEIVABLE (Details Narrative) - USD ($) | Nov. 30, 2023 | Aug. 31, 2023 |
STOCK SUBSCRIPTIONS RECEIVABLE | ||
Subscription receivable, amount | $ 5,000 | $ 5,000 |
Subscription receivable, share | 10,000 | 10,000 |
WARRANTS (Details)
WARRANTS (Details) - $ / shares | 3 Months Ended | 12 Months Ended |
Nov. 30, 2023 | Aug. 31, 2022 | |
WARRANTS | ||
Number of Warrants, Outstanding, beginning | 2,855,000 | 2,326,000 |
Number of Warrants, Issued | 0 | 529,000 |
Number of warrant, cancelled or expired | (1,281,000) | |
Number of Warrants, Outstanding, ending | 1,574,000 | 2,326,000 |
Weighted Average Exercise Price, Oustanding, beginning | $ 1 | $ 1 |
Weighted Average Exercise Price, Issued | 1 | |
Weighted Average Exercise Price, Oustanding, ending | $ 1 | $ 1 |
Weighted Average Remaining Contract Term Outstanding, beginning term | 6 months 21 days | 1 year 6 months 3 days |
Weighted Average Remaining Contract Term, Issued | 2 years | |
Weighted Average Remaining Contract Term Outstanding, ending | 7 months 24 days | 6 months 22 days |
WARRANTS (Details Narrative)
WARRANTS (Details Narrative) | Nov. 30, 2023 $ / shares shares |
WARRANTS | |
Common stock, per share | $ / shares | $ 1 |
Outstanding warrant | shares | 1,574,000 |