Cherubim Interests (CHIT) 10-Q 20 Jan 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Nov. 30, 2015shares
Document and Entity Information:
Entity Registrant Name	CHERUBIM INTERESTS, INC.
Entity Trading Symbol	chit
Document Type	10-Q
Document Period End Date	Nov. 30, 2015
Amendment Flag	false
Entity Central Index Key	1,421,865
Current Fiscal Year End Date	--08-31
Entity Common Stock, Shares Outstanding	2,632,502,507
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Nov. 30, 2015	Aug. 31, 2015
Current assets
Cash	$ 1,710	$ 16,293
Notes receivable, net of allowance of $878,354	0	0
Total current assets	1,710	16,293
Fixed assets	14,852	3,572
Total assets	16,562	19,865
Current liabilities
Accounts payable	5,000	0
Notes payable	115,192	184,295
Related party payables	967,149	995,698
Unclaimed debt	557,875	557,876
Accrued interest	566,783	532,454
Derivative liability	62,591	432,293
Accrued expenses and other liabilities	209,856	214,230
Total current liabilities	2,484,446	2,916,846
Notes payable (non-current portion)	0	0
Total liabilities	2,484,446	2,916,846
Stockholders' Deficit
Common stock, $0.00001 par value; 5,000,000,000 shares authorized; 2,632,502,507 and 125,025,261 issued and outstanding at November 30, 2015 and August 31, 2015, respectively	26,319	125,025
Series B preferred stock to be issued	1	0
Shares held in escrow	(10,000)	(10,000)
Additional paid in capital	3,625,105	1,203,715
-t -Accumulated deficit stage	(6,109,309)	(4,215,721)
Total stockholders' deficit	(2,467,884)	(2,896,981)
Total liabilities and stockholders' deficit	$ 16,562	$ 19,865

Condensed Balance Sheets Parent

Condensed Balance Sheets Parentheticals - USD ($)	Nov. 30, 2015	Aug. 31, 2015
Parentheticals
Notes receivable, net of allowance	$ 878,354	$ 878,354
Common Stock, par value	$ 0.00001	$ 0.00001
Common Stock, shares authorized	5,000,000,000	5,000,000,000
Common Stock, shares issued	2,632,502,507	125,025,261
Common Stock, shares outstanding	2,632,502,507	125,025,261

Condensed Statements of Operati

Condensed Statements of Operations (unaudited) - USD ($)	3 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
REVENUE:
Revenues	$ 0	$ 0
Operating expenses
Professional fees	8,880	160,714
Travel and promotion	4,225	18,725
Bad debt	0	0
Depreciation	1,220	0
Other general and administrative	2,165,030	8,945
Total operating expenses	2,179,355	188,384
Loss from operations	(2,179,355)	(188,394)
Other income (expense)
Other income	0	0
Interest expense	(39,549)	(32,878)
Debt discount	0	(32,500)
Derivative recovery	369,702	20,503
Impairment of assets	0	0
Total other income (expense)	285,767	(50,875)
Income (loss) before provision for income taxes	(1,893,588)	(239,259)
Provision for Income taxes	0	0
Net income (loss)	$ (1,893,588)	$ (239,259)
Basic and diluted income (loss) per common share	$ 0	$ 0
Weighted average shares outstanding	774,242,244	64,594,505

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (unaudited) - USD ($)	3 Months Ended
	Nov. 30, 2015	Nov. 30, 2014
Cash flows from operating activities
Net income (loss)	$ (1,893,588)	$ (239,259)
Adjustments to reconcile net loss to net cash used in operating activities
Change in derivative	(369,702)	(20,503)
Debt discount	0	32,500
Common stock issued for services	2,160,000	80,000
Extinguishment of debt	44,386	6,000
Bad debt expense	0	0
Depreciation	1,220	0
Changes in operating assets and liabilities:
Accounts payable	5,000	(16,999)
Interest payable	34,329	32,878
Accrued expenses and other liabilities	(4,374)	81,254
Cash used in operating activities	(22,729)	(44,129)
Cash flows from investing activities
Investment in oil and natural gas property	0	(10)
Purchase of fixed assets	(12,500)	0
Cash flows used in investing activities	(12,500)	(10)
Cash flows from financing activities
Proceeds from related party loan	20,646	0
Increase in bank indebtedness	0	150
Proceeds from notes payable	0	32,500
Cash provided by financing activities	20,646	32,650
Net change in cash	(14,583)	(11,489)
Cash at beginning of period	16,293	11,489
Cash at end of period	1,710	0
Supplemental cash flow Information:
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS	3 Months Ended
	Nov. 30, 2015
CONDENSED FINANCIAL STATEMENTS
CONDENSED FINANCIAL STATEMENTS	NOTE 1 – CONDENSED FINANCIAL STATEMENTS The accompanying financial statements have been prepared by Cherubim Interests Inc. (the "Company") without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at November 30, 2015 and for all periods presented herein, have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s August 31, 2014 and 2013 audited financial statements. The results of operations for the period ended November 30, 2015 are not necessarily indicative of the operating results for the full year.

NATURE OF BUSINESS

NATURE OF BUSINESS	3 Months Ended
	Nov. 30, 2015
NATURE OF BUSINESS
NATURE OF BUSINESS	NOTE 2 – NATURE OF BUSINESS Cherubim Interests Inc. ("Company") was organized September 27, 2006 under the laws of the State of Nevada for the purpose of selling new food products produced or developed by North American companies to foreign markets. On August 31, 2009, the Company discontinued its involvement in the sales of tea due to a strategic change in business focus by the acquisition of mineral rights as disclosed in the Company's 8-K filed with the SEC on September 2, 2009. The Company currently has limited operations or realized revenues from its planned principle business purpose and, in accordance with ASC 915, "Development Stage Entities", formerly known as SFAS 7, "Accounting and Reporting by Development State Enterprises ." is considered a Development Stage Enterprise. The Company was incorporated in the State of Nevada, United States of America on September 27, 2006 and its fiscal year end is August 31. The Company was engaged in sales of new food products produced or developed by North American companies to foreign markets and discontinued that business in August 2009. The Company previously operated in the oil and gas industry, focused on the exploration for and development of oil and gas properties. Cherubim Interests now targets alternative, commercial, single and multifamily dwelling opportunities for the purpose of investment purchase. It also provides renovation services to third party multifamily dwelling unit owners on a turn-key basis. Cherubim Interests specializes in covering the entire spectrum of development – including due diligence, acquisition, planning, construction, renovation, and property management. This comprehensive expertise allows the company to provide complete beginning-to-end development programs for all acquisitions.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Nov. 30, 2015
GOING CONCERN
GOING CONCERN	NOTE 3 – GOING CONCERN The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. The Company has accumulated deficit since inception of $6,109,309 and a negative working capital of $2,482,736 as of November 30, 2015. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has minimal cash and no material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The officers and directors have committed to advancing certain operating costs of the Company.

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	3 Months Ended
	Nov. 30, 2015
CONVERTIBLE NOTES PAYABLE
CONVERTIBLE NOTES PAYABLE	NOTE 4 - CONVERTIBLE NOTES PAYABLE On August 5th, 2014, the Company issued a convertible promissory note to KBM Worldwide in the amount of $32,500. The note is due on May 7th, 2015 and bears interest at 8% per annum. The loan becomes convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 58% multiplied by the market price, which is the average of the lowest two (2) trading prices for the common stock during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date. On July 29, 2015 $12,000 of principal debt was converted into 392,000 common shares, On September 10, 2015 $12,000 was converted into 1,578,947 common shares, On September 21, 2015 $11,900 was converted into 2,924,390 common shares, On September 24, 2015 $760 of the remaining principal amount of the note together with $1,300.00 of accrued and unpaid interest totaling $2,060 was converted into 1,373,333 common shares of the company resulting in an extinguishment of debt of $32,500. THIS NOTE HAS BEEN PAID IN FULL. On August 5th, 2014, the Company issued a convertible promissory note to LG Capital in the amount of $36,750. The note was due on August 5th, 2015 and bears interest at 8% per annum. The loan becomes convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 55% multiplied by the market price, which is the average of the lowest two (2) trading prices for the common stock during the fifteen (15) trading day period ending on the latest complete trading day prior to the conversion date. On April 27, 2015 $1,600 of principal debt along with $92.23 of accrued interest totalling $1,692.23 was converted into 205,118 common shares of the company, On July 21, 2015 $3,150 of principal debt along with $240 of accrued interest totalling $3,390 was converted into 112,074 common shares, On July 31, 2015 $4,000 of principal debt along with $314 of accrued interest totalling $4,314 was converted into 148,689 common shares of the company. To date $8,750 of the principal debt of $36,750 has been converted into 465,881 common shares of the company. On August 12th, 2014, the Company issued a convertible promissory note to ADAR BAYS LLC in the amount of $25,000. The note was due on August 12th, 2015 and bears interest at 8% per annum. The loan becomes convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 50% multiplied by the market price, which is the average of the lowest two (2) trading prices for the common stock during the fifteen (14) trading day period ending on the latest complete trading day prior to the conversion date. On February 18, 2015, $1,500 of the principal debt was converted into 193,548 common shares, On November 9, 2015 $2,211 of principal debt was converted into 3,846,154 common shares, On November 9, 2015 $7,000 of principal debt was converted into 12,173,913 common shares, On November 18, 2015 $7,288 of principal debt was converted into 32,393,156 common shares of the company. On September 8th, 2014, the Company issued a convertible promissory note to KBM Worldwide in the amount of $32,500. The note is due on June 10th, 2015 and bears interest at 8% per annum. The loan becomes convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 58% multiplied by the market price, which is the average of the lowest two (2) trading prices for the common stock during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date. On September 24, 2015 $2,325 of principal debt was converted into 1,550,000 common shares, On September 28, 2015 $3,210 of principal debt was converted to 2,918,182 common shares, On September 30, 2015 $2,720 of principal debt was converted to 2,924,731 common shares, On October 2, 2015 $7,020 of principal debt was converted to 7,548,387 common shares, On October 6, 2015 $7,020 of principal debt was converted into 7,548,387 common shares, On October 14, 2015 $7,020 of principal debt was converted into 7,548,387 common shares, On October 22, 2015 $5,395 of principal debt together with $900 of accrued and unpaid interest for a total of $6,925 was converted into 7,494,048 common shares. On October 23, 2015 $1,700 of the accrued and unpaid interest was converted into 2,023,810 common shares of the company resulting in an extinguishment of debt of $46,425. THIS NOTE HAS BEEN PAID IN FULL. On December 19th, 2014, the Company issued a convertible promissory note to KBM Worldwide in the amount of $33,000. The note is due on September 26th, 2015 and bears interest at 8% per annum. The loan becomes convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 58% multiplied by the market price, which is the average of the lowest two (2) trading prices for the common stock during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date. On October 23, 2015 $4,640 of principal debt was converted into 5,523,810 common shares, On November 3, 2015 $5,510 of principal debt was converted into 7,547,945 common shares, On November 4, 2015 $5,050 of principal debt was converted into 7,537,313 common shares, On November 5, 2015 $5,050 of principal debt was converted into 7,537,313 common shares, On November 9, 2015 $5,050 of principal debt was converted into 7,537,313 common shares, On November 11, 2015 $4,600 of principal debt was converted into 7,540,984 common shares, On November 16, 2015 $2,640 of principal debt was converted into 7,542,857 common shares, On November 19, 2015 the remaining principal amount of the note $460 together with the accrued and unpaid interest of $1,320 totalling $1,780 was converted into 6,846,154 common shares of the company resulting in an extinguishment of debt of $33,000. THIS NOTE HAS BEEN PAID IN FULL. On June 19, 2015 the Company issued a convertible promissory note to Gold Coast Capital, LLC in the amount of $25,000. The loan becomes convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 70% multiplied by the market price, which is the average of the lowest two (2) trading prices for the common stock during the forty-five (45) trading day period ending on the latest complete trading day prior to the conversion date. On September 15, 2015 $10,000 of principal debt was converted into 6,250,000 common shares, On September 24, 2015 $4,586 of principal debt was converted into 6,744,934 common shares, On October 9, 2015 $5,389 of principal debt was converted into 7,926,024 common shares. To date, $19,975 of the $25,000 of the debt has been converted into 20,920,958 shares. On July 31, 2015, the Company issued a convertible promissory note to Auctus Fund LLC. in the amount of $45,750. The note is due on May 1, 2016 and bears interest at 10% per annum. The loan becomes convertible 300 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 50% multiplied by the lowest trading price during the previous twenty-five (25) day trading period ending on the latest complete trading day prior to the conversion date.

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	3 Months Ended
	Nov. 30, 2015
DERIVATIVE LIABILITIES
DERIVATIVE LIABILITIES	NOTE 5 – DERIVATIVE LIABILITIES In accordance with AC 815, the Company has bifurcated the conversion feature of their convertible notes and recorded a derivative liability on the date each note became convertible. The derivative liability was then revalued on each reporting date. The Company uses the Black-Scholes option pricing model to value the derivative liability. There was no derivative liability at November 30, 2015. Once the loans are fully converted, the remaining derivative liability is reclassified to equity as additional paid-in capital. ASC 815 requires Company management to assess the fair market value of certain derivatives at each reporting period and recognize any change in the fair market value as another income or expense item. The Company’s only asset or liability measured at fair value on a recurring basis is its derivative liability associated with the above convertible debt. During the period ended November 30, 2015, the Company recorded a total change in the value of the derivative liabilities of $(369,702). From inception to November 30, 2015 the Company has not granted any stock options.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Nov. 30, 2015
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 6 - STOCKHOLDERS' EQUITY The total number of common shares authorized that may be issued by the Company is 5,000,000,000 shares with a par value of $0.0001 per share and 50,000,000 preferred shares. On September 12, 2015 1,578,947 shares were issued on conversion of a convertible promissory note. On September 16, 2015 6,250,000 shares were issued on conversion of a convertible promissory note. On September 22, 2015 2,924,390 shares were issued on conversion of a convertible promissory note. On September 24, 2015 2,923,333 shares were issued on conversion of a convertible promissory note. On September 29, 2015 2,918,182 shares were issued on conversion of a convertible promissory note. On September 30, 2015 6,744,934 shares were issued on conversion of a convertible promissory note. On October 1, 2015 2,924,731 shares were issued on conversion of a convertible promissory note. On October 5, 2015 7,548,387 shares were issued on conversion of a convertible promissory note. On October 8, 2015 7,548,387 shares were issued on conversion of a convertible promissory note. On October 12, 2015 7,548,387 shares were issued on conversion of a convertible promissory note. On October 13, 2015 15,474,411 shares were issued on conversion of a convertible promissory note. On October 14, 2015, the Board of Directors of Cherubim Interests, Inc. (the “Company”) approved the amendment and restatement of the Company’s Articles of Incorporation. The purpose of the Restatement was to: i. Increase the number of authorized shares of Common Stock to 5,000,000,000; ii. Increase the number of authorized shares of Preferred Stock to 50,000,000; iii. Set the par value of the Common and Preferred Stock to $0.00001; iv. Authorize the Board of Directors to issue “blank check” Preferred Stock and fix the rights, preferences, privileges, qualifications, limitations, and restrictions of any Preferred Stock issued by the Company, including the number of shares constituting any series or the designation of such series. Also on October 14, 2015, the Board of the Company approved the amendment and restatement of the Certificates of Designation to the Articles of Incorporation of the Company’s Series A and B Preferred Stock (“the Preferred Classes”). The rights, preferences, privileges, restrictions and characteristics of the Preferred Classes are detailed in the Amended Certificate of Designation to the Articles of Incorporation filed hereto as exhibits 3(ii) and 3(iii) to this filing. On October 14, 2015, the Company declared a dividend of 1 Series B Preferred share per 100,000 shares of common stock to the owners of record as of the close of business on December 31, 2015. On October 21, 2015 7,548,387 shares were issued on conversion of a convertible promissory note. On October 22, 2015 7,494,048 shares were issued on conversion of a convertible promissory note. On October 23, 2015 2,023,810 shares were issued on conversion of a convertible promissory note. On October 26, 2015 7,500,000 shares were issued on conversion of a convertible promissory note. On October 27, 2015 $15,000 of affiliate debt was converted into 300,000,000 restricted shares of the company’s common stock. On October 30, 2015 5,523,810 shares were issued on conversion of a convertible promissory note. On November 3, 2015 7,547,945 shares were issued on conversion of a convertible promissory note. On November 4, 2015 7,537,313 shares were issued on conversion of a convertible promissory note. On November 6, 2015 25,037,313 shares were issued on conversion of a convertible promissory note. On November 9, 2015 $90,000 of affiliate debt was converted into 1,800,000,000 restricted shares of the company’s common stock. On November 9, 2015 12,173,913 shares were issued on conversion of a convertible promissory note. On November 10, 2015 7,537,313 shares were issued on conversion of a convertible promissory note. On November 12, 2015 32,540,984 shares were issued on conversion of a convertible promissory note. On November 18, 2015 7,542,857 shares were issued on conversion of a convertible promissory note. On November 19, 2015 32,393,156 shares were issued on conversion of a convertible promissory note. On November 21, 2015 6,846,154 shares were issued on conversion of a convertible promissory note. On November 23, 2015 70,000,000 shares were issued on conversion of a convertible promissory note. On November 24, 2015 100,000,000 shares were issued on conversion of a convertible promissory note.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Nov. 30, 2015
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 7 - RELATED PARTY TRANSACTIONS The Company has current loans totaling $967,149 to fund operations which carry varying interest rates. As of November 30, 2015 (August 31, 2015), the Company owed $967,149 ($995,698) of principal plus accrued interest of $566,783 ($532,454). The loans are unsecured and due on demand and as such are included in current liabilities.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Nov. 30, 2015
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS On August 12th, 2014, the Company issued a convertible promissory note to ADAR BAYS LLC in the amount of $25,000. The note was due on August 12th, 2015 and bears interest at 8% per annum. The loan becomes convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 50% multiplied by the market price, which is the average of the lowest two (2) trading prices for the common stock during the fifteen (14) trading day period ending on the latest complete trading day prior to the conversion date. On February 18, 2015, $1,500 of the principal debt was converted into 193,548 common shares, On November 9, 2015 $2,211.54 of principal debt was converted into 3,846,154 common shares, On November 9, 2015 $7,000 of principal debt was converted into 12,173,913 common shares, On November 18, 2015 $7,288 of principal debt was converted into 32,393,156 common shares, On November 25, 2015 $7,000 of principal debt along with $2,470 of accrued interest totalling $9,470 was converted into 75,757,520 common shares of the company resulting in an extinguishment of debt of $25,000. THIS NOTE HAS BEEN PAID IN FULL. On June 19, 2015 the Company issued a convertible promissory note to Gold Coast Capital, LLC in the amount of $25,000. The loan becomes convertible 180 days after the date of the note. The loan and any accrued interest can then be converted into shares of the Company’s common stock at a rate of 70% multiplied by the market price, which is the average of the lowest two (2) trading prices for the common stock during the forty-five (45) trading day period ending on the latest complete trading day prior to the conversion date. On September 15, 2015 $10,000 of principle debt was converted into 6,250,000 common shares, On September 24, 2015 $4,586 of principle debt was converted into 6,744,934 common shares, On October 9, 2015 $5,389 of principle debt was converted into 7,926,024 common shares. To date, $19,975 of the $25,000 of the debt has been converted into 20,920,958 shares. On December 10, 2015 $507,807 of the company’s debt was converted into Series B Preferred Stock at a price of $2.50. In accordance with ASC 855-10, we have analyzed our operations subsequent to January 19, 2016 to the date of these financial statements were issued, and have determined that we do not have any material subsequent events to disclose in these financial statements other than the events discussed above.

GOING CONCERN (Details)

GOING CONCERN (Details)	Nov. 30, 2015USD ($)
GOING CONCERN DETAILS
Accumulated deficit since inception	$ 6,109,309
Negative working capital	$ 2,482,736

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details) - USD ($)	Nov. 19, 2015	Nov. 16, 2015	Nov. 11, 2015	Nov. 09, 2015	Nov. 05, 2015	Nov. 04, 2015	Nov. 03, 2015	Oct. 23, 2015	Oct. 22, 2015	Oct. 09, 2015	Oct. 06, 2015	Oct. 02, 2015	Sep. 30, 2015	Sep. 28, 2015	Sep. 24, 2015	Sep. 21, 2015	Sep. 10, 2015	Jul. 31, 2015	Jul. 21, 2015	Jun. 29, 2015	Jun. 19, 2015	Apr. 27, 2015	Feb. 18, 2015	Dec. 19, 2014	Sep. 08, 2014	Aug. 12, 2014	Aug. 05, 2014
CONVERTIBLE NOTES PAYABLE DETAILS
Issued a convertible promissory note																											$ 32,500
Issued a convertible promissory note in the amount																								$ 33,000	$ 32,500	$ 25,000	$ 36,750
Note bears interest																		10.00%						8.00%	8.00%	8.00%	8.00%
Loan and accrued interest converted into shares of common stock at a rate																		50.00%			70.00%			58.00%	58.00%	50.00%	58.00%
Converted shares of common stock at a rate																											55.00%
Principal of 12,000 was converted into common shares																	1,578,947			392,000
Principal of 11,900 was converted into common shares																2,924,390
Remaining principal converted into common shares	$ 460														$ 760
Accrued and unpaid interest converted into common shares	1,320														$ 1,300
Remaining principal and accrued and unpaid interest totaling 2,060 converted into common shares															1,373,333
Extinguishment of Debt	$ 33,000							$ 46,625							$ 32,500
Principal converted into common shares									$ 5,395									$ 4,000	$ 3,150			$ 1,600
Accrued interest converted into common shares																		$ 314	$ 240			$ 92.23
Accrued interest and unpaid interest converted into common shares									$ 900
Principal and accrued interest totaling 1,692.23 converted into common shares																						205,118
Principal and accrued interest totaling 3,390 converted into common shares																			112,074
Principal and accrued interest totaling 4,314 converted into common shares																		148,689
$8,750 of principal debt of $36,750 converted into common shares																	465,881
Principal of 1,500 was converted into common shares																							193,548
Principal of 7,000 was converted into common shares				12,173,913
Principal of 2,325 was converted into common shares														1,550,000
Principal of 3,210 was converted into common shares													2,918,182
Principal of 2,720 was converted into common shares												2,924,731
Principal of 7,020 was converted into common shares											7,548,387
Principal and accrued and unpaid interest totaling 6,925 converted into common shares									7,494,048
Accrued and unpaid interest totaling 1700 converted into common shares								2,023,810
Principal of 4,640 was converted into common shares								5,523,810
Principal of 5,510 was converted into common shares							7,547,945
Principal of 5,050 was converted into common shares				7,537,313	7,537,313	7,537,313
Principal of 4,600 was converted into common shares			7,540,984
Principal of 2,640 was converted into common shares		7,542,857
Remaining principal and accrued and unpaid interest totaling 1,780 converted into common shares	6,846,154
Principal of 10,000 was converted into common shares																6,250,000
Principal of 4,586 was converted into common shares														6,744,934
Principal of 5,389 was converted into common shares										7,926,024
$19,975 of the $25,000 of the debt has been converted into shares										20,920,958
Issued a convertible promissory note to Gold Coast Capital, LLC																			$ 25,000
Issued a convertible promissory note to Auctus Fund LLC																		$ 45,750

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details)	3 Months Ended
	Nov. 30, 2015USD ($)
DERIVATIVE LIABILITIES DETAILS
Total change in the value of the derivative liabilities	$ (369,702)

EQUITY (Details)

EQUITY (Details) - USD ($)	Nov. 30, 2015	Nov. 24, 2015	Nov. 23, 2015	Nov. 21, 2015	Nov. 19, 2015	Nov. 18, 2015	Nov. 12, 2015	Nov. 10, 2015	Nov. 09, 2015	Nov. 06, 2015	Nov. 04, 2015	Nov. 03, 2015	Oct. 30, 2015	Oct. 27, 2015	Oct. 26, 2015	Oct. 23, 2015	Oct. 22, 2015	Oct. 21, 2015	Oct. 13, 2015	Oct. 08, 2015	Oct. 05, 2015	Oct. 01, 2015	Sep. 30, 2015	Sep. 29, 2015	Sep. 24, 2015	Sep. 22, 2015	Sep. 16, 2015	Sep. 12, 2015
EQUITY DETAILS
Authorized issuance of common shares	500,000,000
Authorized issuance of common shares, par value	$ 0.0001
Authorized the issuance of preferred shares	50,000,000
Increased authorized common shares that may be issued	5,000,000,000
Increased authorized preferred shares that may be issued	50,000,000
Par value of the Common and Preferred Stock	$ 0.00001
Shares issued on conversion of convertible promissory note		100,000,000	70,000,000	6,846,154	32,393,156	7,542,857	32,540,984	7,537,313	12,173,913	25,037,313	7,537,313	7,547,945	5,523,810		7,500,000	2,023,810	7,494,048	7,548,387	15,474,411	7,548,387	7,548,387	2,924,731	6,744,934	2,918,182	2,923,333	2,924,390	6,250,000	1,578,947
Amount of affiliated debt converted									$ 90,000					$ 15,000
Amount of affiliated debt converted into restricted shares									1,800,000,000					300,000,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Nov. 30, 2015	Aug. 31, 2015
RELATED PARTY TRANSACTIONS DETAILS:
Current loans	$ 967,149
Related party payables	967,149	$ 995,698
Accrued interest	$ 566,783	$ 532,454

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Dec. 10, 2015	Nov. 25, 2015	Nov. 18, 2015	Nov. 09, 2015	Oct. 09, 2015	Sep. 24, 2015	Sep. 15, 2015	Jun. 19, 2015	Feb. 18, 2015	Aug. 12, 2014
SUBSEQUENT EVENTS DETAILS:
Issued a convertible promissory note to Adar Bays LLC										$ 25,000
Bears interest per annum										8.00%
Issued convertible promissory note to Gold Coast Capital LLC								$ 25,000
Loan and any accrued interest converted into shares, rate								70.00%		50.00%
Amount of principal debt converted into shares		7,000	7,288	2,211.54	5,389	4,586	10,000		1,500
Accrued interest converted into shares		$ 2,470
Shares issued to convert debt		75,757,520	32,393,156	3,846,154	7,926,024	6,744,934	6,250,000		193,548
Resulted in extinguishment of debt		$ 25,000			$ 19,975
Amount of debt converted into Series B Preferred Stock	$ 507,806.96
Amount of debt converted into Series B Preferred Stock, price per share	$ 2.50