Indigenous Roots (IRCC) 10-K 16 Dec 21 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Aug. 31, 2021	Nov. 30, 2021
Cover [Abstract]
Entity Registrant Name	INDIGENOUS ROOTS CORP.
Entity Central Index Key	0001373690
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--08-31
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Aug. 31, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		15,586,857
Entity Public Float	$ 2,992,137
Document Transition Report	false
Entity Interactive Data Current	No

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Aug. 31, 2021	Aug. 31, 2020
Current Assets
Cash	$ 515,903	$ 23,114
Accounts receivable	(1,458)	2,885
Total current asets	514,445	25,999
Fixed Asset	0	771,253
Total Assets	514,445	797,252
Current Liabilities
Accounts payable and accrued liabilities	178,256	139,103
Loan payable-related party	466,435	0
Due to related parties	43,615	37,615
Loan payable	906,142	833,100
Total current liabilities	1,594,448	1,009,818
Total Liabilities	1,594,448	1,009,818
STOCKHOLDERS' DEFICIT
Common stock 200,000,000 authorized shares, par value $0.001 15,586,857 shares issued and outstandingas at August 31, 2021 and 15,086,857 as at August 31, 2020	15,588	15,088
Additional paid-in-capital (Note 8)	4,536,362	4,486,862
Deficit	(5,631,953)	(4,714,516)
Total Stockholders' Deficit	(1,080,003)	(212,566)
Total Liabilities and Stockholders' Deficit	$ 514,445	$ 797,252

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 31, 2021	Aug. 31, 2020
STOCKHOLDERS' DEFICIT
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	15,586,857	15,086,857
Common stock, shares outstanding	15,586,857	15,086,857

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
CONSOLIDATED STATEMENT OF OPERATIONS
REVENUE	$ 12,589	$ 7,635
Operating expenses
General and administrative expenses	12,044	9,545
Executive stock compensation	50,000	0
Legal and audit fees	37,126	16,062
Depreciation	41,473	41,210
Total operating expenses	140,643	66,817
Other (income) expenses
Foreign exchange	(30,370)	37,982
Asset impairment expense	729,780	0
Interest expense	89,973	9,263
Total other (income) expenses	789,383	47,245
Net and comprehensive income (loss)	$ (917,437)	$ (106,427)
BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE	$ (0.06)	$ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED	15,586,857	15,086,857

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
CONSOLIDATED STATEMENT OF CASH FLOWS
Net income (loss)	$ (917,437)	$ (106,427)
Non-cash items:
Stock compensation	50,000	0
Interest expense	73,042	9,261
Depreciation expense	41,473	41,210
Asset impairment expense	729,780	0
Change in operating assets and liabilities:
Accounts receivable	4,343	63,046
Accounts payable and accrued liabilities	39,153	70,235
Due to related parties	6,000	(48,622)
NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES	26,354	28,703
CASH FLOWS FROM FINANCING ACTIVITIES:
Loan advances	466,435	(5,617)
NET CASH FLOWS USED IN FINANCING ACTIVITIES	466,435	(5,617)
Net change in cash	492,789	23,086
CASH, BEGINNING OF THE YEAR	23,114	28
CASH, END OF THE YEAR	$ 515,903	$ 23,114

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN DEFICIT - USD ($)	Shares Issued	Additional Paid-In Capital	Deficit	Total
Balance, shares at Aug. 31, 2019	15,086,857
Balance, amount at Aug. 31, 2019	$ 15,088	$ 4,486,862	$ (4,608,089)	$ (106,139)
Net loss			(106,427)	(106,427)
Balance, shares at Aug. 31, 2020	15,086,857
Balance, amount at Aug. 31, 2020	$ 15,088	4,486,862	(4,714,516)	(212,566)
Shares issued for services, shares	500,000
Shares issued for services	$ 500	49,500		50,000
Net loss			(917,437)	(917,437)
Balance, shares at Aug. 31, 2021	15,586,857
Balance, amount at Aug. 31, 2021	$ 15,588	$ 4,536,362	$ (5,631,953)	$ (1,080,003)

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	12 Months Ended
	Aug. 31, 2021
ORGANIZATION AND NATURE OF BUSINESS
ORGANIZATION AND NATURE OF BUSINESS [Text Block]	1. ORGANIZATION AND NATURE OF BUSINESS Indigenous Roots Corp. (the "Company") was incorporated in the State of Nevada on July 20, 2006 and is listed on the OTCQB under the symbol "IRCC". On April 1, 2019, the Company acquired 100% of the issued and outstanding shares of Edison Power Company ('Edison Power"), a Nevada corporation, in exchange for 6,849,239 common shares of the Company. Edison Power owns a 100% interest in Edison Delaware 2 LLC, a Delaware registered limited liability corporation that owns and operates a 140 kW/h solar power generating facility in Georgetown, Delaware. The facility was substantially completed in March, 2019 and began generating power in April, 2019 (Note 3). On December 1, 2019, the Company acquired all of the issued and outstanding shares of Edison Power Corporation ("EPC") in exchange for cash of $10. EPC was federally incorporated in Canada on April 13, 2015. EPC has no equity and has not generated any revenue since inception. Going concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern. At August 31, 2021 the Company had an accumulated deficit of $5,631,953 and a working capital deficiency of $1,080,003. Continuation as a going concern is dependent upon the ability of the Company to obtain the necessary financing to meet obligations and pay its liabilities arising from normal business operations when they come due and ultimately upon its ability to achieve profitable operations. Due to its inability to meet its debt obligation, the Company may have to forfeit ownership of the Solar Power System and thus lose its only revenue producing asset. The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that the Company will be able to continue as a going concern. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. Management intends to obtain additional funding by borrowing funds from its directors and officers, issuing promissory notes and/or a private placement of common stock. In March 2020 the World Health Organization declared coronavirus COVID-19 a global pandemic. This contagious disease outbreak, which has continued to spread, and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, potentially leading to an economic downturn. There has been no immediate impact on the Company and the future impact is currently not determinable but management continues to monitor the situation.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Aug. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars. (b) 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 has the ability to affect those returns through its power over the entity. All inter-company balances and transactions are eliminated upon consolidation. (c) The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to useful life of fixed asset and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. (d) The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance and trust funds to be cash equivalents. (e) The Company evaluates the recoverability of its fixed assets and other assets in accordance with ASC 360-10-15, Impairment or Disposal of Long-Lived Assets (f) The Company follows ASC 850, Related Party Disclosures (g) The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, "Income Taxes". The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. (h) The Company and its subsidiaries' functional and reporting currency is the U.S. dollar. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into U.S. dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in the statement of operations. (i) ASC 820, "Fair Value Measurements and Disclosures", requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 - Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 - Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 - applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company's financial instruments consist principally of cash, accounts receivable, accounts payable, loan payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. (j) The Company records stock-based compensation in accordance with ASC 718, "Compensation - Stock Compensation" and ASC 505, "Equity Based Payments to Non-Employees", using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. (k) Revenue Pursuant to ASC 606, Revenue is derived from the generation of electricity utilizing the solar power generating system and collectivity is reasonably assured. (l) Leases Pursuant to ASC 842, transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing transactions. As of the date of this report, the Company has no material leases to report. (m) The Company computes earnings (loss) per share in accordance with ASC 260, "Earnings per Share". ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at August 31, 2021 the Company does not have any potentially dilutive shares. (n) ASC 220, "Comprehensive Income", establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. (o) None.

ACQUISITION

ACQUISITION	12 Months Ended
	Aug. 31, 2021
ACQUISITION
ACQUISITION [Text Block]	3. ACQUISITION On April 1, 2019, the Company acquired 100% of the issued and outstanding shares of Edison Power, a Nevada corporation, in exchange for 6,849,239 common shares of the Company. Edison Power owns a 100% interest in Edison Delaware 2 LLC, a Delaware registered limited liability corporation that owns and operates a 140 kW/h solar power generating facility in Georgetown, Delaware. The facility was substantially completed in March, 2019 and began generating power in April, 2019. The transaction has been accounted for as an asset acquisition as Edison Power did not have inputs, processes and outputs in place that constituted a business under ASC 805 Business Combinations. The total consideration paid was allocated to the assets and liabilities acquired based on relative fair values: Consideration Issuance of 6,849,239 common shares $ 63,450 63,450 Fair value of assets and liabilities acquired: Accounts receivable 63,450 Solar power system (Note 4) 809,300 Loan payable (Note 6) (809,300) $ 63,450

FIXED ASSETS

FIXED ASSETS	12 Months Ended
	Aug. 31, 2021
FIXED ASSETS
FIXED ASSETS [Text Block]	4. FIXED ASSETS Fixed assets consist of the following: Useful Life Balance at Additions Accumulated Depreciation and Impairment Balance at Solar Power System 20 years 829,456 - (829,456 ) - 829,456 - (829,456 ) - On April 1, 2019, the Company acquired the solar power system through the acquisition of Edison Power. For the year ended August 31, 2021, t he Company recognized an impairment loss of $729,780 relating to the Solar Power System (the "System"). The Company was in default of its payments to the note holder - Delaware Sustainable Energy Utility ("DSEU"). DSEU called for full payment of the note and The Company will not realize any future revenue from the System, is unable to bring the payments current and will not contest DSEU's action.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Aug. 31, 2021
RELATED PARTIES TRANSACTIONS
RELATED PARTY TRANSACTIONS [Text Block]	5. RELATED PARTY TRANSACTIONS As at August 31, 2021, the Company owed $466,435 (August 31, 2020 - $nil) to a related party of the Company for cash provided to the Company. The debt is unsecured, bears no interest and is payable on demand. As at August 31, 2021, the Company owed $43,615 (August 31, 2020 - $37,615) to the Controller of the Company for cash and services provided to the Company. The debt is unsecured, bears no interest and is payable on demand. During the year ended August 31, 2021, the Company accrued $6,000 (August 31, 2020 - $6,000) in accounting fees to the Controller of the Company. On April 2, 2021, the Company issued 500,000 common shares to the President of the Company in exchange for services rendered. The shares were valued at $0.10 per share.

LOAN PAYABLE

LOAN PAYABLE	12 Months Ended
	Aug. 31, 2021
LOAN PAYABLE
LOAN PAYABLE [Text Block]	6. LOAN PAYABLE On June 15, 2019, the Company issued a promissory note to SEU in the amount of $981,500. As at August 31, 2021, SEU had advanced the principal amount of $803,520. The promissory note bears an interest rate of 2% per annum and is payable in monthly installments of $4,161 including principal and interest for 240 months commencing January 1, 2020. The loan matures in January 2040. The funds were advanced to the Company for the construction of a solar power electricity generating system. Loan payable as at August 31, 2020 $ 833,100 Interest expense 17,827 Default interest expense 30,428 Late charge 24,786 Loan payable as at August 31, 2021 $ 906,142 The loan is secured by a promissory note, a first priority security interest on the solar power system, an assignment of a Power Purchase Agreement and the corporate guarantee of Edison Power Company. On September 1, 2020, SEU called for full payment of the loan due to payment arrears and the loan is now in default. The Company does not expect to make any further payments and as such SEU will be exercising its right to take ownership of the pledged assets. As at the date of filing, the negotiation between the Company and SEU is in progress. The Company has reclassified the loan as a current liability.

COMMON STOCK

COMMON STOCK	12 Months Ended
	Aug. 31, 2021
STOCKHOLDERS' DEFICIT
COMMON STOCK [Text Block]	7. COMMON STOCK Share Issuances The Company issued 6,739,739 common shares on April 1, 2019 and 109,500 on July 3, 2019 pursuant to the terms of a Share Exchange Agreement with the shareholders of Edison Power Company (Note 3). On April 2, 2021, the Company issued 500,000 common shares to the President of the Company in exchange for services rendered. The shares were valued at $0.10 per share.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Aug. 31, 2021
INCOME TAXES
INCOME TAXES [Text Block]	8. INCOME TAXES The reported income taxes differ from the amounts obtained by applying statutory rates to the loss before income taxes as follows: August 31, 2021 August 31, 2020 Net income (loss) $ (917,437 ) $ (106,427 ) 21.0% 21.0% Expected income tax recovery 192,662 22,350 Effect of change in tax rates - - Change in valuation allowance (192,662 ) (22,350 ) Income tax recovery $ - $ - The Company's tax-effected deferred tax assets and liabilities are estimated as follows: August 31, 2021 August 31, 2020 Deferred tax assets Net operating loss carry forwards $ 1,142,542 $ 225,105 Fixed assets - 12,223 Less: Valuation allowance (1,142,542 ) (237,328 ) Net deferred income tax assets $ - $ - At August 31, 2021, the Company has a deferred tax asset. A full valuation allowance has been established as management believes it is more likely that not that the deferred tax asset will not be realized. As at August 31, 2021, the Company has non-capital losses of approximately $1,071,931 that may be carried forward and applied against federal and state taxable income of future years. The non-capital losses may be carried forward and expire between 2032 and 2040. Tax attributes are subject to review, and potential adjustment by tax authorities.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Aug. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENT [Text Block]	10. SUBSEQUENT EVENT On October 15, 2021, a majority of the shareholders of the Company consented in writing to effectuate a spin-off of Edison Power Corp. ("EPC"), the Company's wholly-owned subsidiary. Once effectuated, the Spin-Off of EPC would result in the Company's Common stockholders, on October 22, 2021 (the " Record Date

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Aug. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Basis of presentation [Policy Text Block]	(a) These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars.
Principles of Consolidation [Policy Text Block]	(b) 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 has the ability to affect those returns through its power over the entity. All inter-company balances and transactions are eliminated upon consolidation.
Use of Estimates [Policy Text Block]	(c) The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to useful life of fixed asset and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Cash and Cash Equivalents [Policy Text Block]	(d) The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance and trust funds to be cash equivalents.
Impairment of Long-Lived Assets [Policy Text Block]	(e) The Company evaluates the recoverability of its fixed assets and other assets in accordance with ASC 360-10-15, Impairment or Disposal of Long-Lived Assets
Related Party Transactions [Policy Text Block]	(f) The Company follows ASC 850, Related Party Disclosures
Income Taxes [Policy Text Block]	(g) The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, "Income Taxes". The asset and liability method provide that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.
Foreign Currency Translation [Policy Text Block]	(h) The Company and its subsidiaries' functional and reporting currency is the U.S. dollar. Transactions in foreign currencies are translated into the currency of measurement at the exchange rates in effect on the transaction date. Monetary balance sheet items expressed in foreign currencies are translated into U.S. dollars at the exchange rates in effect at the balance sheet date. The resulting exchange gains and losses are recognized in the statement of operations.
Financial Instruments and Fair Value Measures [Policy Text Block]	(i) ASC 820, "Fair Value Measurements and Disclosures", requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 - Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 - Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 - applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company's financial instruments consist principally of cash, accounts receivable, accounts payable, loan payable, and amounts due to related parties. Pursuant to ASC 820, the fair value of cash is determined based on "Level 1" inputs, which consist of quoted prices in active markets for identical assets. The recorded values of all other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations.
Stock-based Compensation [Policy Text Block]	(j) The Company records stock-based compensation in accordance with ASC 718, "Compensation - Stock Compensation" and ASC 505, "Equity Based Payments to Non-Employees", using the fair value method. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable.
Revenue [Policy Text Block]	(k) Revenue Pursuant to ASC 606, Revenue is derived from the generation of electricity utilizing the solar power generating system and collectivity is reasonably assured.
Leases [Policy Text Block]	(l) Leases Pursuant to ASC 842, transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing transactions. As of the date of this report, the Company has no material leases to report.
Loss Per Share [Policy Text Block]	(m) The Company computes earnings (loss) per share in accordance with ASC 260, "Earnings per Share". ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As at August 31, 2021 the Company does not have any potentially dilutive shares.
Comprehensive Loss [Policy Text Block]	(n) ASC 220, "Comprehensive Income", establishes standards for the reporting and display of comprehensive loss and its components in the financial statements.
Recent Accounting Pronouncements [Policy Text Block]	(o) None.

ACQUISITION (Tables)

ACQUISITION (Tables)	12 Months Ended
	Aug. 31, 2021
ACQUISITION
Schedule of fair value of assets and liabilities acquired [Table Text Block]	Consideration Issuance of 6,849,239 common shares $ 63,450 63,450 Fair value of assets and liabilities acquired: Accounts receivable 63,450 Solar power system (Note 4) 809,300 Loan payable (Note 6) (809,300) $ 63,450

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	12 Months Ended
	Aug. 31, 2021
FIXED ASSETS
Schedule of fixed assets [Table Text Block]	Useful Life Balance at Additions Accumulated Depreciation and Impairment Balance at Solar Power System 20 years 829,456 - (829,456 ) - 829,456 - (829,456 ) -

LOAN PAYABLE (Tables)

LOAN PAYABLE (Tables)	12 Months Ended
	Aug. 31, 2021
LOAN PAYABLE
Schedule of loan payable [Table Text Block]	Loan payable as at August 31, 2020 $ 833,100 Interest expense 17,827 Default interest expense 30,428 Late charge 24,786 Loan payable as at August 31, 2021 $ 906,142

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Aug. 31, 2021
INCOME TAXES
Schedule of effective income tax rate reconciliation [Table Text Block]	August 31, 2021 August 31, 2020 Net income (loss) $ (917,437 ) $ (106,427 ) 21.0% 21.0% Expected income tax recovery 192,662 22,350 Effect of change in tax rates - - Change in valuation allowance (192,662 ) (22,350 ) Income tax recovery $ - $ -
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	August 31, 2021 August 31, 2020 Deferred tax assets Net operating loss carry forwards $ 1,142,542 $ 225,105 Fixed assets - 12,223 Less: Valuation allowance (1,142,542 ) (237,328 ) Net deferred income tax assets $ - $ -

ORGANIZATION AND NATURE OF BU_2

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Accumulated deficit	$ (5,631,953)	$ (4,714,516)
Working capital deficiency	1,080,003
Cash paid for business acquisation	$ 63,450
April 1, 2019 [Member] | Edison Power [Member]
Business acquisition, acquire equity issued and outstanding shares	100.00%
Exchange shares of common stock	6,849,239
Ownership interest	100.00%
December 1, 2019 [Member] | Edison Power [Member]
Cash paid for business acquisation	$ 10

ACQUISITION (Details)

ACQUISITION (Details)	12 Months Ended
	Aug. 31, 2021USD ($)
Consideration:
Issuance of 6,849,239 common shares	$ 63,450
Business Combination, Consideration Transferred	63,450
Fair value of assets and liabilities acquired:
Accounts receivable	63,450
Solar power system	809,300
Loan payable	(809,300)
Total Fair value of assets and liabilities acquired	$ 63,450

ACQUISITION (Details Narrative)

ACQUISITION (Details Narrative) - April 1, 2019 [Member] - Edison Power [Member]	12 Months Ended
	Aug. 31, 2021shares
Business acquisition, acquire equity issued and outstanding shares	100.00%
Exchange shares of common stock	6,849,239
Ownership interest in Edison Delaware 2 LLC	100.00%

FIXED ASSETS (Details)

FIXED ASSETS (Details)	12 Months Ended
	Aug. 31, 2021USD ($)
Fixed assets, Beginning balance	$ 829,456
Additions	0
Accumulated Depreciation	(829,456)
Fixed assets, ending balance	$ 0
Solar power system [Member]
Useful Life	20 years
Fixed assets, Beginning balance	$ 829,456
Additions	0
Accumulated Depreciation	(829,456)
Fixed assets, ending balance	$ 0

FIXED ASSETS (Details Narrative

FIXED ASSETS (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Impairment loss	$ (729,780)	$ 0
April 1, 2019 [Member] | Edison Power [Member] | Solar Power System [Member]
Impairment loss	$ 729,780

RELATED PARTIES TRANSACTIONS (D

RELATED PARTIES TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020	Apr. 02, 2021
Loan payable-related party	$ 466,435	$ 0
Due to related parties	$ 43,615	$ 37,615
Common stock shares issued	15,586,857	15,086,857
Controller [Member]
Due to related parties	$ 43,615	$ 37,615
Accounting fees	$ 6,000	$ 6,000
President [Member]
Common stock shares issued			500,000
Common stock price per share			$ 0.10

LOAN PAYABLE (Details)

LOAN PAYABLE (Details) - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
Payables And Accruals [Abstract]
Loan payable as at August 31, 2020	$ 906,142	$ 833,100
Interest expenses	17,827
Default interest expense	30,428
Late charge	24,786
Loan payable as at August 31, 2021	$ 906,142

LOAN PAYABLE (Details Narrative

LOAN PAYABLE (Details Narrative) - Sustainable Energy Utility Inc. [Member] - USD ($)	1 Months Ended	12 Months Ended
	Jun. 15, 2019	Aug. 31, 2021
Promissory note	$ 981,500
Promissory note, interest rate	2.00%
Proceeds from issuance of debt		$ 803,520
Monthly installments	$ 4,161
Description of loan payable	payable in monthly installments of $4,161 including principal and interest for 240 months commencing January 1, 2020.
Maturity date, description		The loan matures in January 2040.

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - $ / shares	Aug. 31, 2021	Apr. 02, 2021	Aug. 31, 2020	Jul. 03, 2019	Apr. 01, 2019
Common stock shares issued	15,586,857		15,086,857
President [Member]
Common stock shares issued		500,000
Common stock price per share		$ 0.10
Share Exchange Agreement [Member] | Edison Power [Member]
Common stock shares issued				109,500	6,739,739

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2020
INCOME TAXES
Net income (loss)	$ (917,437)	$ (106,427)
Statutory tax rate	21.00%	21.00%
Expected income tax recovery	$ 192,662	$ 22,350
Effect of change in tax rates	0	0
Change in valuation allowance	(192,662)	(22,350)
Income tax recovery	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Aug. 31, 2021	Aug. 31, 2020
Deferred tax assets
Net operating loss carry forwards	$ 1,142,542	$ 225,105
Fixed assets	0	12,223
Less: Valuation allowance	(1,142,542)	(237,328)
Net deferred income tax assets	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Aug. 31, 2021USD ($)
INCOME TAXES
Non-capital losses	$ 1,071,931
Non-capital losses expiry period	expire between 2032 and 2040.

SUBSEQUENT EVENT (Details Narra

SUBSEQUENT EVENT (Details Narrative) - Subsequent Event [Member]	1 Months Ended
	Oct. 22, 2021USD ($)shares
Subsequent Event [Line Items]
Number of common stock share issued | shares	7,543,428
Value of common stock share issued | $	$ 7,543