Engine Gaming and Media (GAME) 6-K 15 Jul 22 Current report (foreign) Financial data

Cover

Cover	9 Months Ended
	May 31, 2022
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	May 31, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--08-31
Entity File Number	333-254709
Entity Registrant Name	Engine Gaming and Media, Inc.
Entity Central Index Key	0001714562
Entity Address, Address Line One	77 King Street West
Entity Address, Address Line Two	Suite 3000
Entity Address, Address Line Three	PO Box 95
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5K 1G8

Interim Condensed Consolidated

Interim Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)	May 31, 2022	Aug. 31, 2021
Current
Cash	$ 13,695,279	$ 15,305,996
Restricted cash	289,889	331,528
Accounts and other receivables	7,864,272	8,646,807
Government remittances	861,442	1,070,216
Publisher advance, current	2,351,435	3,197,102
Prepaid expenses and other	1,416,752	3,006,033
Promissory notes receivable	1,558,319
Assets held for sale	86,786
Total current assets	28,124,174	31,557,682
Non-Current
Publisher advance, non-current		1,337,116
Investment at FVTPL	2,629,851	2,629,851
Property and equipment	74,508	403,811
Goodwill	18,100,381	18,495,121
Intangible assets	9,439,450	12,482,244
Right-of-use assets	161,838	557,022
Total non-current assets	30,406,028	35,905,165
Total assets	58,530,202	67,462,847
Current
Accounts payable	11,982,749	10,403,665
Accrued liabilities	4,926,240	5,722,470
Players liability account	289,889	331,528
Deferred revenue	1,411,653	2,644,948
Lease obligation, current	158,501	222,583
Long-term debt, current		96,664
Promissory notes payable	806,204	821,948
Liabilities held for sale
Warrant liability	135,749	4,868,703
Convertible debt, current	2,692,514	914,427
Arbitration reserve	899,569	6,468,330
Total current liabilities	23,303,068	32,495,266
Convertible debt, non-current	5,146,723	9,037,069
Lease obligation, non-current	245,076	364,968
Non-current liabilities	5,391,799	9,402,037
Total liabilities	28,694,867	41,897,303
SHAREHOLDERS’ EQUITY (DEFICIENCY)
Share capital	123,667,989	122,741,230
Contributed surplus	20,471,035	17,819,933
Foreign currency translation reserve	(2,224,326)	(2,324,025)
Deficit	(112,079,363)	(112,814,973)
Attributable to shareholders	29,835,335	25,422,165
Non-controlling interest		143,379
Total equity	29,835,335	25,565,544
Total liabilities and equity	$ 58,530,202	$ 67,462,847

Interim Condensed Consolidate_2

Interim Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2022	May 31, 2021	May 31, 2022	May 31, 2021
REVENUE
Net revenue	$ 9,241,478	$ 8,000,962	$ 30,508,162	$ 22,484,651
EXPENSES
Salaries and wages	4,209,272	3,395,973	12,318,344	9,667,776
Consulting	788,721	494,763	2,660,797	1,789,819
Professional fees	451,679	828,853	2,015,719	1,781,601
Revenue sharing expense	6,467,079	5,516,757	21,724,927	15,125,486
Sponsorships and tournaments	27,094	601	135,039	6,089
Advertising and promotion	369,002	123,246	1,421,896	1,498,167
Office and general	1,290,816	664,204	4,054,016	1,685,198
Technology expenses	802,512	553,105	2,177,538	1,719,806
Amortization and depreciation	798,286	743,942	2,394,653	2,230,424
Share-based payments	1,001,449	680,153	3,577,861	2,459,841
Interest expense	228,348	209,755	641,785	1,113,749
(Gain) loss on foreign exchange	4,317	717,063	97,167	993,536
Loss on extinguishment of debt				2,428,900
Gain on retained interest in former associate				(99,961)
Transaction costs	948,613		1,305,136
Non-operational professional fees	12,278		1,612,669
Arbitration settlement reserve	(1,620,153)		(5,568,761)
Restructuring costs			35,747
Change in fair value of warrant liability	(727,280)	(7,236,531)	(4,667,583)	(7,071,518)
Change in fair value of convertible debt	(170,200)	(691,116)	(2,147,134)	7,172,533
Total	14,881,833	6,000,768	43,789,816	42,501,446
ASSOCIATES
Share of net loss of associate				103,930
Net income (loss) for the period before discontinued operations	(5,640,355)	2,000,194	(13,281,654)	(20,120,725)
Income tax expense
Net loss after taxes	(5,640,355)	2,000,194	(13,281,654)	(20,120,725)
DISCONTINUED OPERATIONS
Gain (loss) on disposal of subsidiary	15,128,417		15,128,417	(678,931)
Gain (loss) from discontinued operations	(670,182)	(425,799)	(1,045,934)	(5,034,317)
Net income (loss) for the period	8,817,880	1,574,395	800,829	(25,833,973)
Net (income) loss attributable to non-controlling interest	3,419	(2,343)	(65,219)	59,327
Net income (loss) attributable to owners of the Company	8,821,299	1,572,052	735,610	(25,774,646)
Items that may be reclassified subsequently to profit or loss
Foreign currency translation differences	133,962	(376,785)	238,821	(381,384)
Comprehensive income (loss) for the period	$ 8,955,261	$ 1,195,267	$ 974,431	$ (26,156,030)
INCOME (LOSS) PER SHARE
Basic income (loss) per share - continuing operations	$ (0.36)	$ 0.14	$ (0.85)	$ (1.87)
Basic income (loss) per share	$ 0.56	$ 0.11	$ 0.05	$ (2.40)
Weighted average number of shares outstanding - Basic	15,653,419	14,402,785	15,618,068	10,748,434
Diluted income (loss) per share - continuing operations	$ (0.37)	$ (0.28)	$ (1.09)	$ (2.10)
Diluted income (loss) per share	$ 0.48	$ (0.30)	$ (0.31)	$ (2.57)
Weighted average number of shares outstanding - Diluted	16,983,103	17,120,843	18,055,081	12,359,163
Direct to Consumer [Member]
REVENUE
Net revenue	$ 31,366	$ 172	$ 85,522	$ 2,723
Software as a Service [Member]
REVENUE
Net revenue	1,961,323	1,601,188	6,005,957	4,625,214
Advertising [Member]
REVENUE
Net revenue	$ 7,248,789	$ 6,399,602	$ 24,416,683	$ 17,856,714

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Shareholders' Equity (Deficiency) (Unaudited) - USD ($)	Issued capital [member]	Share To Be Issued [Member]	Contributed Surplus [Member]	Foreign Currency Translation Reserve [Member]	Retained earnings [member]	Total Equity Before Non Controlling Interest [Member]	Non-controlling interests [member]	Total
Balance at Aug. 31, 2020	$ 69,380,807	$ 1,059,214	$ 4,034,323	$ (2,334,275)	$ (72,094,162)	$ 45,907	$ 217,385	$ 263,292
Balance, shares at Aug. 31, 2020	7,746,136
IfrsStatementLineItems [Line Items]
Share-based payments			2,458,744			2,458,744		2,458,744
Shares issued on vesting of RSUs	$ 1,080,804		(900,804)			180,000		180,000
Shares issued on vesting of RSUs, shares	158,477
Convertible debt conversion	$ 13,704,605		4,256,114			17,960,719		17,960,719
Convertible debt conversion, shares	1,728,848
Common shares issued on private placement, net of costs	$ 24,225,901		6,791,473			31,017,374		31,017,374
Common shares issued on private placement, net of costs, shares	4,435,433
Warrants issued in private placement of convertible debt			618,916			618,916		618,916
EB bonus shares	$ 54,061					54,061		54,061
EB bonus shares, shares	6,666
Shares for debt	$ 226,556					226,556		226,556
Shares for debt, shares	40,000
Common shares issued on exercise of warrants	$ 7,221,216					7,221,216		7,221,216
Common shares issued on exercise of warrants, shares	747,129
Disposal of Motorsports		(1,059,214)				(1,059,214)		(1,059,214)
Non-controlling interest in subsidiary			(7,357)			(7,357)		(7,357)
Net income for the period					(25,774,646)	(25,774,646)	(59,327)	(25,833,973)
Foreign currency translation differences				(381,384)		(381,384)		(381,384)
Balance at May. 31, 2021	$ 115,893,950		17,251,409	(2,715,659)	(97,868,808)	32,560,892	158,058	32,718,950
Balance, shares at May. 31, 2021	14,862,689
Balance at Aug. 31, 2021	$ 122,741,230		17,819,933	(2,324,025)	(112,814,973)	25,422,165	143,379	25,565,544
Balance, shares at Aug. 31, 2021	15,543,309
IfrsStatementLineItems [Line Items]
Share-based payments			3,577,861			3,577,861		3,577,861
Shares issued on vesting of RSUs	$ 926,759		(926,759)
Shares issued on vesting of RSUs, shares	115,574
Net income for the period					735,610	735,610	65,219	800,829
Foreign currency translation differences				238,821		238,821		238,821
Disposal of Eden Games				(139,122)		(139,122)	(208,598)	(347,720)
Balance at May. 31, 2022	$ 123,667,989		$ 20,471,035	$ (2,224,326)	$ (112,079,363)	$ 29,835,335		$ 29,835,335
Balance, shares at May. 31, 2022	15,658,883

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021
OPERATING ACTIVITIES
Net loss for the period before non-controlling interest	$ 800,829	$ (25,833,973)
Items not affecting cash:
Amortization and depreciation	2,894,593	4,139,877
Impairment expense	476,404
Arbitration settlement reserve	(5,568,761)
Gain on disposal of Eden Games	(15,128,417)
Loss on disposal of Motorsports		678,931
Loss on disposal of P&E		9,767
Loss on extinguishment of debt		2,428,900
Gain on retained interest in former associate		(99,961)
Share of net loss of associate		103,930
Change in fair value of warrant liability	(4,667,583)	(7,071,518)
Change in fair value of convertible debt	(2,147,134)	7,172,533
Accretion of debt	4,610	104,002
Share-based payments	3,577,861	2,458,744
Total Adjustments	(19,757,598)	(15,908,768)
Restricted cash	41,639	78,122
Accounts and other receivables	196,227	(3,901,989)
Government remittances	(357,557)	(59,609)
Publisher advance	2,182,783	(5,309,262)
Prepaid expenses and other	1,553,157	341,604
Accounts payable	2,409,692	(399,971)
Accrued liabilities	(45,842)	1,140,764
Players liability account	(41,639)	(78,122)
Deferred revenue	(1,233,295)	1,008,589
Changes in non-cash working capital	4,705,165	(7,179,874)
Net cash used in operating activities	(15,052,433)	(23,088,642)
INVESTING ACTIVITIES
Purchase of property and equipment	(72,183)	(107,464)
Purchase of promissory notes	(1,181,005)
Net cash from disposal of Eden Games	14,710,616
Net cash from disposal of Motorsports		24,348
Net cash used in investing activities	13,457,428	(83,116)
FINANCING ACTIVITIES
Net proceeds from issuance of Units		31,017,374
Proceeds from convertible debentures		4,901,393
Net (payments) proceeds from promissory notes payable	(15,744)	(2,915,701)
Proceeds from exercise of warrants		5,949,269
Payments on lease financing	(184,377)	(164,410)
Payments on long-term debt	(75,262)	(135,457)
Net cash provided by financing activities	(275,383)	38,652,468
Impact of foreign exchange on cash	259,671	597,989
Change in cash	(1,610,717)	16,078,699
Cash, beginning of period	15,305,996	5,243,278
Cash, end of period	$ 13,695,279	$ 21,321,977

Corporate information and going

Corporate information and going concern	9 Months Ended
	May 31, 2022
Corporate Information And Going Concern
Corporate information and going concern	1. Corporate information and going concern (a) Corporate information Engine Gaming and Media Inc. (formerly Engine Media Holdings, Inc.) (“Engine” or the “Company”) was incorporated under the Business Corporations Act (Ontario) on April 8, 2011. The registered head office of the Company is 77 King St. West, Suite 3000, PO Box 95, TD Centre – North Tower, Toronto, Ontario, M5K 1G8, Canada. Pursuant to shareholder approval at the October 6, 2021, shareholders’ meeting, effective October 19, 2021, the Company changed its name to Engine Gaming and Media, Inc. The Company’s common shares trade on the TSX Venture Exchange under the trading symbol GAME.V and NASDAQ under the trading symbol GAME. The Company focuses on accelerating new, live, immersive esports and interactive gaming experiences for consumers through its partnerships with traditional and emerging media companies and providing online interactive technology and monetization services. (b) Going concern These interim condensed consolidated financial statements have been prepared on a going concern basis, which contemplates that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. Accordingly, they do not give effect to adjustments that would be necessary should the Company be unable to continue as a going concern, and therefore be required to realize its assets and liquidate its liabilities and commitments in other than the normal course of business and at amounts different from those in the accompanying consolidated financial statements. Such adjustments could be material. It is not possible to predict whether the Company will be able to raise adequate financing or to ultimately attain profit levels of operations. The Company has not yet realized profitable operations and has incurred significant losses to date resulting in a cumulative deficit of $ 112,079,363 as of May 31, 2022 (August 31, 2021 –$ 112,814,973 ). The recoverability of the carrying value of the assets and the Company’s continued existence is dependent upon the achievement of profitable operations, or the ability of the Company to raise alternative financing, if necessary. While management has been historically successful in raising the necessary capital, it cannot provide assurance that it will be able to execute on its business strategy or be successful in future financing activities. On April 6, 2022, the Company completed the sale of the Eden Games, S.A. The Company expects that proceeds from this sale when combined with cash on hand will be sufficient to meet the Company’s current operational and debt service cash needs. The Company also faces uncertain future impacts from COVID-19, see Note 3(b). These conditions indicate the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as a going concern and, therefore, the Company may be unable to realize its assets and discharge its liabilities in the normal course of business. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Basis of preparation

Basis of preparation	9 Months Ended
	May 31, 2022
Basis of preparation	2. Basis of preparation (a) Statement of compliance These interim condensed consolidated financial statements have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting. Accordingly, they do not include all of the information required for full annual financial statements required by International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). These unaudited interim condensed consolidated financial statements are prepared on a basis consistent with the accounting policies disclosed in the audited consolidated financial statements for the fiscal year ended August 31, 2021; and should be read in conjunction with those audited consolidated financial statements. Interim results are not necessarily indicative of the results expected for the fiscal year. These interim condensed consolidated financial statements were authorized for issuance by the Board of Directors of the Company on July 15, 2022. (b) Basis of consolidation The interim condensed consolidated financial statements comprise the accounts of the Company and its controlled subsidiaries. The financial statements of subsidiaries are included in the interim condensed consolidated financial statements from the date that control commences until the date that control ceases. Consolidated financial statements are prepared using uniform accounting policies for like transactions and other events in similar circumstances. All transactions and balances between the Company and its subsidiaries are eliminated on consolidation, including unrealized gains and losses on transactions between companies. Unrealized gains arising from transactions with equity accounted investees are eliminated against the investment to the extent of the Company’s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment. The Company’s material subsidiaries as of May 31, 2022, are as follows: Schedule of material subsidiaries Name of Subsidiary Country of Incorporation Ownership Percentage Functional Currency Frankly Inc. Canada 100 Canadian Dollar UMG Media Ltd. Canada 100 Canadian Dollar Stream Hatchet S.L. Spain 100 Euro SideQik, Inc. USA 100 US Dollar WinView, Inc. USA 100 US Dollar Non-controlling interests are measured initially at their proportionate share of the acquiree’s identifiable net assets at the date of acquisition. Changes in the Group’s interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) (c) Functional and presentation currency The functional currency of the Company is the US Dollar (“USD). The functional currencies of the Company’s subsidiaries are disclosed in Note 2(b). The presentation currency of the interim condensed consolidated financial statements is the US Dollar (“USD”). (d) Income taxes The Company had no income tax expense for the three and nine months ended May 31, 2022, and 2021. As of May 31, 2022, deferred tax assets have not been recognized because it has not been determined as probable that future taxable profit will be available against which the Company can utilize the benefits therefrom.

Significant judgments, estimate

Significant judgments, estimates and assumptions	9 Months Ended
	May 31, 2022
Significant judgments, estimates and assumptions	3. Significant judgments, estimates and assumptions The preparation of these interim condensed consolidated financial statements requires management to make judgments and estimates and form assumptions that affect the reported amounts of assets and liabilities at the date of the interim condensed consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Such estimates primarily relate to unsettled transactions and events as at the date of the interim condensed consolidated financial statements. On an ongoing basis, management evaluates its judgments and estimates in relation to assets, liabilities, revenues, and expenses. Management uses historical experience and various other factors it believes to be reasonable under the given circumstances as the basis for its judgments and estimates. Actual outcomes may differ from these estimates under different assumptions and conditions. Significant estimates and judgments made by management in the preparation of these interim condensed consolidated financial statements are outlined below. The assessment of the Company’s ability to execute its strategy by funding future working capital requirements involves judgment. Estimates and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There is a material uncertainty regarding the Company’s ability to continue as a going concern. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) (a) Significant estimates and critical judgments Information about significant estimates and critical judgements in applying accounting policies that have the most significant effect on the amounts recognized in the interim condensed consolidated financial statements is included in the following notes: Note 1 Going concern; Note 25 Expected credit losses; Note 16 Valuation of warrant liability; Notes 9 and 10 Goodwill and intangible assets; Notes 18 and 19 Valuation of share-based payments; Note 15 Valuation of convertible debt; and Note 21 Contingencies. (b) Uncertainty about the effects of COVID-19 In December 2019, a novel strain of coronavirus (“COVID-19”) emerged and has since extensively impacted global health and the economic environment. To contain the spread of COVID-19, domestic and international governments around the world enacted various measures, including orders to close all businesses not deemed “essential,” quarantine orders for individuals to stay in their homes or places of residence, and to practice social distancing when engaging in essential activities. The Company anticipates that these actions and the global health crisis caused by COVID-19 will continue to negatively impact many business activities and financial markets across the globe. In an effort to protect the health and safety of our employees, much of the Company’s workforce is currently working from home. The Company has implemented business continuity plans and has increased support and resources to enable employees to work remotely and thus far has been able to operate with minimal disruption. The global COVID-19 pandemic remains an evolving situation. The Company will continue to actively monitor the developments of the pandemic and may take further actions that could alter business operations as may be required by federal, state, local, or foreign authorities, or that management determines are in the best interests of our employees, customers, partners, and shareholders. It is not clear what effects any such potential actions may have on the Company’s business, including the effects on our employees, players and consumers, customers, partners, development and content pipelines, the Company’s reputation, financial condition, results of operations, revenue, cash flows, liquidity, or stock price. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Changes in significant accounti

Changes in significant accounting policies	9 Months Ended
	May 31, 2022
Changes in significant accounting policies	4. Changes in significant accounting policies Future accounting pronouncements The following standards have not yet been adopted and are being evaluated to determine their impact on the Company: Amendments to IAS 1 - Classification of liabilities as current or non-current Amendments to IAS 8 - Definition of Accounting Estimates Amendments to IAS 12 Income Taxes - Deferred Tax Related to Assets and liabilities Arising from a Single Transaction Other accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are either not applicable or the Company is still assessing what the impact will be to the Company’s financial statements.

Net income (loss) per share

Net income (loss) per share	9 Months Ended
	May 31, 2022
Profit or loss [abstract]
Net income (loss) per share	5. Net income (loss) per share Basic net income (loss) per share is calculated using the weighted-average number of common shares outstanding during each period. Diluted net income (loss) per share assumes the conversion, exercise, or issuance of all potential common share equivalents unless the effect is to reduce the loss or increase the income per share. For purposes of this calculation, stock options, warrants and RSU’s are potential common shares and are only included in the calculation of diluted net income (loss) per share when their effect is dilutive. Due to the net loss from continuing operations during the three and nine months ended May 31, 2022, and the nine months ended 2021, all outstanding options, restricted share units and warrants were excluded from diluted weighted-average common shares outstanding as their effect was anti-dilutive. Weighted average common shares outstanding for the three and nine months ended May 31, 2022, and 2021 were 15,653,419 and 15,618,068 , respectively (May 31, 2021- 14,402,785 and 10,748,434 respectively. Diluted weighted average common shares for the three and nine months ended May 31, 2022, and 2021 were 16,983,103 18,055,081 17,120,843 and 12,359,163 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Accounts, other receivables, an

Accounts, other receivables, and publisher advance	9 Months Ended
	May 31, 2022
Accounts, other receivables, and publisher advance	6. Accounts, other receivables, and publisher advance (a) Accounts and other receivables The Company’s accounts and other receivables are comprised of the following: Schedule of accounts and other receivables May 31, August 31, $ $ Trade accounts receivable 8,836,051 9,677,725 Other receivables 50,857 53,387 Allowance for doubtful accounts (1,022,636 ) (1,084,305 ) Total accounts and other receivables 7,864,272 8,646,807 A continuity of the Company’s allowance for doubtful accounts is as follows: Schedule of allowance for doubtful accounts 2022 2021 $ $ Balance, August 31, (1,084,305 ) (874,438 ) Provision, bad debt expense - (72,636 ) Write-offs 61,669 3,540 Balance, May 31, (1,022,636 ) (943,534 ) (b) Publisher advance On February 7, 2021, the Company’s subsidiary Frankly Media LLC, amended its commercial agreement with its largest publisher, which secured a long-term extension. The contract is expected to go through early calendar year 2023. One of the key terms of the amended agreement required the Company to advance $ 6 (i) $ 4 (ii) $ 1 (iii) $ 1 The advance is to be recouped through additional withholding on future advertising revenue share payments made to the publisher, beyond Frankly’s share, and is effective for amounts billed for periods February 1, 2021, forward. As of May 31, 2022, $ 6 3,648,565 2,351,435 The breakout of the publisher advance into current and non-current portions is based on an estimate of advertising billings over the next twelve months and the resulting additional withholding on the related advertising revenue share payments. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Investment at FVTPL

Investment at FVTPL	9 Months Ended
	May 31, 2022
Investment at FVTPL	7. Investment at FVTPL On August 25, 2020, the Company acquired a 20.48 The Company accounted for this investment as an investment in associate under the equity method from acquisition through January 5, 2021. The Company’s share in the loss of One Up for the period from September 1, 2020, to January 5, 2021, amounted to $ 103,930 On January 5, 2021, the Company’s interest in One Up was reduced to 18.62 % as a result of One Up closing a financing round. In accordance with IAS 28, the Company discontinued the use of the equity method on January 5, 2021, the date at which its investment ceased being an associate. The difference between the fair value of the Company’s retained interest in One Up and it’s carrying value on January 5, 2021, amounted to $ 99,961 , which is recognized as a gain on retained interest in former associate on the Company’s statement of income (loss) and comprehensive income (loss). The fair value of the Company’s investment in One Up is estimated at each reporting period, with reference to valuations underlying privately placed financing transactions closed by One Up and is classified with a level 3 in the fair value hierarchy, see Note 25. The fair value of this investment was $ 2,629,851

Property and equipment

Property and equipment	9 Months Ended
	May 31, 2022
Property and equipment	8. Property and equipment Schedule of detailed information about property plant and equipment Cost Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2020 221,653 486,340 173,091 881,084 Additions - 89,561 17,903 107,464 Impairment Disposals - (9,767 ) - (9,767 ) Disposal of Motorsports (2,631 ) (47,645 ) (18,118 ) (68,394 ) Disposal of Eden Games - (9,767 ) - (9,767 ) Held for sale - UMG Effect of foreign exchange 132 11,518 802 12,452 May 31, 2021 219,154 530,007 173,678 922,839 August 31, 2021 218,851 603,607 173,044 995,502 Additions - 70,632 1,551 72,183 Impairment (153,193 ) - - (153,193 ) Disposal of Eden Games (7,407 ) (314,440 ) (52,460 ) (374,307 ) Disposal, cost (7,407 ) (314,440 ) (52,460 ) (374,307 ) Held for sale - UMG - (227,179 ) (35,178 ) (262,357 ) Foreign exchange 1,011 (29,472 ) (4,515 ) (32,976 ) May 31, 2022 59,262 103,148 82,442 244,852 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Accumulated depreciation Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2020 57,517 307,508 106,670 471,695 Depreciation 4,082 78,421 19,215 101,718 Disposal of Motorsports - (11,068 ) (9,910 ) (20,978 ) Held for sale - UMG Foreign exchange 183 9,161 798 10,142 May 31, 2021 61,782 384,022 116,773 562,577 August 31, 2021 63,367 406,231 122,093 591,691 Depreciation 5,507 94,518 16,770 116,795 Disposal of Eden Games (7,202 ) (278,569 ) (47,404 ) (333,175 ) Disposal, accumulated depreciation (7,202 ) (278,569 ) (47,404 ) (333,175 ) Held for sale - UMG - (133,957 ) (41,614 ) (175,571 ) Foreign exchange (668 ) (24,728 ) (4,000 ) (29,396 ) May 31, 2022 61,004 63,495 45,845 170,344 Net book value Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2021 155,484 197,376 50,951 403,811 May 31, 2022 0 39,653 36,597 74,508

Goodwill

Goodwill	9 Months Ended
	May 31, 2022
Goodwill	9. Goodwill Schedule of detailed information about goodwill 2022 2021 $ $ Balance, August 31, 18,495,121 18,785,807 Disposal of Eden Games (345,150 ) - Effect of foreign exchange (49,590 ) 42,055 Balance, May 31, 18,100,381 18,827,862 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Intangible assets

Intangible assets	9 Months Ended
	May 31, 2022
Intangible assets	10. Intangible assets A continuity of the Company’s intangibles is as follows: Schedule of detailed information about intangible assets Cost Patents Application Platforms Software Brand Customer Total $ $ $ $ $ $ August 31, 2020 9,430,265 1,322,802 10,763,975 2,310,475 3,671,954 27,499,471 Disposal of Motorsports - - (3,598,869 ) (201,627 ) (222,650 ) (4,023,146 ) Impairment Disposal of Eden Games Held for Sale - UMG Foreign exchange - 26,660 437,252 134,524 8,691 607,127 May 31, 2021 9,430,265 1,349,462 7,602,358 2,243,372 3,457,995 24,083,452 August 31, 2021 9,430,265 1,073,045 8,330,683 2,137,449 3,624,300 24,595,742 Intangible assets, Cost, Beginning balance 9,430,265 1,073,045 8,330,683 2,137,449 3,624,300 24,595,742 Impairment - (50,602 ) - (62,675 ) - (113,277 ) Disposal of Eden Games - (269,098 ) (4,709,219 ) (1,390,134 ) (269,010 ) (6,637,461 ) Held for Sale - UMG - (242,667 ) - (184,167 ) (313,933 ) (740,767 ) Foreign exchange - (14,450 ) (285,842 ) (82,040 ) (19,230 ) (401,562 ) May 31, 2022 9,430,265 496,228 3,335,622 418,433 3,022,127 16,702,675 Intangible assets, Cost, Ending balance 9,430,265 496,228 3,335,622 418,433 3,022,127 16,702,675 Accumulated amortization Patents Application Platforms Software Brand Customer Total $ $ $ $ $ $ August 31, 2020 628,684 793,041 4,909,000 1,077,491 648,933 8,057,149 Amortization 1,414,540 131,944 1,538,835 363,583 445,317 3,894,219 Disposal of Motorsports - - (532,412 ) (201,627 ) (222,650 ) (956,689 ) Disposal of Eden Games Held for Sale - UMG Foreign exchange - 23,145 409,553 69,613 (77,318 ) 424,993 May 31, 2021 2,043,224 948,130 6,324,976 1,309,060 794,282 11,419,672 August 31, 2021 2,514,737 966,444 6,340,302 1,375,647 916,368 12,113,498 Intangible assets, Accumulated amortization, Beginning balance 2,514,737 966,444 6,340,302 1,375,647 916,368 12,113,498 Amortization 1,414,540 56,000 636,504 204,663 300,087 2,611,794 Disposal of Eden Games - (269,098 ) (4,709,219 ) (1,112,108 ) (250,801 ) (6,341,226 ) Held for Sale - UMG - (242,667 ) - (184,167 ) (313,933 ) (740,767 ) Foreign exchange - (14,451 ) (285,842 ) (61,977 ) (17,804 ) (380,074 ) May 31, 2022 3,929,277 496,228 1,981,745 222,058 633,917 7,263,225 Intangible assets, Accumulated amortization, Ending balance 3,929,277 496,228 1,981,745 222,058 633,917 7,263,225 Net book value Patents Application Platforms Software Brand Customer Total $ $ $ $ $ $ August 31, 2021 6,915,528 106,601 1,990,381 761,802 2,707,932 12,482,244 Net book value, Beginning balance 6,915,528 106,601 1,990,381 761,802 2,707,932 12,482,244 May 31, 2022 5,500,988 - 1,353,877 196,375 2,388,210 9,439,450 Net book value, Ending balance 5,500,988 - 1,353,877 196,375 2,388,210 9,439,450 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Right-of-use assets

Right-of-use assets	9 Months Ended
	May 31, 2022
Right-of-use assets	11. Right-of-use assets Schedule of detailed information about right-of-use assets 2022 2021 $ $ Balance, August 31, 557,022 550,478 Acquired - - Depreciation (166,004 ) (143,940 ) Impairment (209,934 ) - Disposal of Eden Games (16,036 ) - Effect of foreign exchange (3,210 ) 2,532 Balance, May 31, 161,838 409,070 Right of use assets consist primarily of leases for corporate office facilities and are amortized monthly over the term of the lease, or useful life, if shorter.

Lease liabilities

Lease liabilities	9 Months Ended
	May 31, 2022
Lease Liabilities
Lease liabilities	12. Lease liabilities Lease liabilities are measured at the present value of the lease payments that were not paid at that date. The lease payments are discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. The continuity of the lease liabilities is presented in the table below: Schedule of detailed information about continuity of the lease liabilities Equipment Office lease Total $ $ $ Balance, August 31, 2020 35,457 536,691 572,148 Acquired - - - Disposal of Eden Games Interest expense 1,548 24,844 26,392 Payments (10,035 ) (154,375 ) (164,410 ) Effect of foreign exchange - 2,708 2,708 Balance, May 31, 2021 26,970 409,868 436,838 Balance, August 31, 2021 24,048 563,503 587,551 Lease liabilities, Beginning balance 24,048 563,503 587,551 Acquired - - - Disposal of Eden Games - (17,959 ) (17,959 ) Interest expense 979 20,907 21,886 Payments (10,035 ) (174,342 ) (184,377 ) Effect of foreign exchange - (3,524 ) (3,524 ) Balance, May 31, 2022 14,992 388,585 403,577 Lease liabilities, Ending balance 14,992 388,585 403,577 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) The Company’s lease obligation is classified between current and non-current liabilities as follows: Equipment Office lease Total $ $ $ As of May 31, 2021: Less than one year 11,977 178,468 190,445 Greater than one year 14,993 231,400 246,393 Total lease obligation 26,970 409,868 436,838 Equipment Office lease Total $ $ $ As of May 31, 2022: Less than one year 12,781 145,720 158,501 Greater than one year 2,211 242,865 245,076 Total lease obligation 14,992 388,585 403,577 The future minimum undiscounted lease payments as of May 31, 2022, are presented below: Schedule of detailed information about future minimum undiscounted lease payments Equipment Office lease Total Maturity analysis - contractual undiscounted cash flows as of May 31, 2022: Less than one year 13,380 163,464 176,844 Greater than one year 2,230 254,241 256,471 Total undiscounted lease obligation 15,610 417,705 433,315

Players liability account

Players liability account	9 Months Ended
	May 31, 2022
Players Liability Account
Players liability account	13. Players liability account The Players liability account consists of UMG and Winview cash deposited by players, plus any prize winnings, less any fees for match game play and withdrawal requests processed to date. As of May 31, 2022, the players liability account balance is the total amount payable if all players were to request closure of their accounts. As of May 31, 2022, the players account liability and corresponding restricted cash balances were the same.

Promissory notes payable and ot

Promissory notes payable and other borrowings	9 Months Ended
	May 31, 2022
Promissory Notes Payable And Other Borrowings
Promissory notes payable and other borrowings	14. Promissory notes payable and other borrowings (a) Promissory notes The Company has promissory notes with a balance of $ 200,000 200,000 18 170,914 139,644 The Company, through its WinView subsidiary, has a secured promissory note outstanding for amounts due for the provision of services by the noteholder. As of May 31, 2022, $ 435,290 482,304 6 (b) Paycheck Protection Program (the “PPP”) loans During April and May 2020, the Company entered into promissory notes (the “Notes”) with three banks. The Notes evidence loans to the Company of $ 1,589,559 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Interest will accrue on the outstanding balance of the Notes at a rate of 1.00 Subject to any forgiveness granted under the PPP, the Notes are scheduled to mature in April 2022 and require 18 equal monthly payments of principal and interest beginning November 2020. Upon the receipt of the proceeds of $ 1,589,559 from the Notes, the Company accounted for the Notes as a grant in the form of forgivable loan and recorded the amount as a deferred income liability. The liability was reduced as the Company recognized expenses which qualified for forgiveness of the loan. As of August 31, 2020, the Company had incurred greater than $ 1,589,559 of qualifying expenses and therefore had a remaining deferred income liability of $nil. The Company recognized the impact of the loan forgiveness as an offset against related salaries and wages expense, in the consolidated statement of income (loss) and comprehensive income (loss) for the year ended August 31, 2020. As of May 31, 2022, $ 209,875 has not been formally forgiven.

Convertible debt

Convertible debt	9 Months Ended
	May 31, 2022
Convertible debt	15. Convertible debt The continuity of convertible debt for the nine months ended May 31, 2022, and 2021, is as follows: Schedule of detailed information about continuity of convertible debt 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2020 2,121,869 8,671,590 - - 10,793,459 Issuances - 4,282,477 - - 4,282,477 Exchange of EB Loan for Amended EB Loan - - 5,043,103 - 5,043,103 Exchange of Amended EB Loan for EB CD - - (4,931,813 ) 7,394,022 2,462,209 Conversion - common shares issued (1,500,214 ) (12,204,391 ) - - (13,704,605 ) Conversion - warrants issued (1,103,661 ) (4,256,114 ) - - (5,359,775 ) Interest expense 47,325 347,773 138,710 125,000 658,808 Accrued interest on conversion / interest payments (101,247 ) (256,300 ) (250,000 ) - (607,547 ) Effect of foreign exchange 180,830 - - - 180,830 Change in fair value 1,486,061 5,634,688 - 51,784 7,172,533 Balance, May 31, 2021 1,130,963 2,219,723 - 7,570,806 10,921,492 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2021 914,428 2,097,127 - 6,939,941 9,951,496 Interest expense 19,945 149,589 - 375,000 544,534 Accrued interest on conversion / interest payments - - - (500,000 ) (500,000 ) Effect of foreign exchange (9,659 ) - - - (9,659 ) Change in fair value (405,571 ) (73,345 ) - (1,668,218 ) (2,147,134 ) Balance, May 31, 2022 519,143 2,173,371 - 5,146,723 7,839,237 The Company’s convertible debt obligations are classified between current and non-current liabilities as follows: 2019 2020 EB CD Total $ $ $ $ As of May 31, 2022: Less than one year 519,143 2,173,371 - 2,692,514 Greater than one year - - 5,146,723 5,146,723 Total convertible debt obligation 519,143 2,173,371 5,146,723 7,839,237 (a) 2019 Series As of May 31, 2022, the fair value of the 2019 Series convertible debentures was estimated using the binomial lattice model with the below assumptions: Schedule of detailed information about fair value assumptions of convertible debentures 2019 Series May 31, 2022 (CA$) August 31, 2021 (CA$) Share price 1.18 8.42 Conversion price 7.50 7.50 Warrant exercise price 7.50 7.50 Term, in years .10 .19 .85 .94 Interest rate 6 % 6 % Expected volatility 95.00 % 90.00 % Risk-free interest rate 1.05 1.29 % 0.25 0.26 % Exchange rate 0.7875 0.7947 Expected dividend yield 0 % 0 % Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) (b) 2020 Series The 2020 Series debentures will mature twenty-four (24) months 5 The interest rate under the 2020 Series debentures will increase from 5% 10% The 2020 Series debenture holders may convert all or a portion of the principal amount of the debentures into units (“Units”) of the Company at a price (the “Conversion Price”) equal to the lesser of (a) $ 11.25 15 7.50 Notwithstanding the foregoing, if by December 19, 2020, the Company has not obtained registration rights in the United States to allow sale in the United States of the common shares (“Common Shares”) of the Company and the exercise of warrants (the “Warrants”) of the Company to be issued pursuant to the conversion of the 2020 Series debentures, holders of 2020 Series debentures may convert such debentures into Units at $ 7.50 Each Unit is comprised of one common share and one-half of one Warrant, with each Warrant exercisable into one common share of the Company at an exercise price of $ 15.00 30.00 In the event that the Company’s common shares are listed for trading on the NASDAQ Capital Market and the Company completes a Public Offering for an aggregate amount of at least US$ 30,000,000 (c) 2020 Series - One Up These convertible debentures (the “2020 Series One Up” debentures) have identical terms as the 2020 Series debentures except that the minimum conversion price of $ 7.50 9.50 3,078,550 (d) 2020 Series – Standby In September 2020, the Company entered into an $ 8,000,000 7.50 8.90 224,719 2,000,000 15.00 two years Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) The proceeds of $ 2,000,000 1,381,084 618,916 224,719 The remaining $ 6,000,000 As of May 31, 2022, the fair value of the 2020 Series convertible debentures was estimated using the binomial lattice model with the below assumptions: 2020 Series May 31 2022 August 31, 2021 Share price 0.93 6.66 Conversion price 8.90 8.90 Warrant exercise price - - Term, in years 0.47 1.26 Interest rate 10 % 10 % Expected volatility 95.00 % 90.00 % Risk-free interest rate 1.58 % 0.10 % Expected dividend yield 0 % 0 % (e) EB CD On February 24, 2021, the Company extinguished the Amended EB Loan and issued the Lender a secured convertible debenture in the principal amount of $ 5 10.25 15.00 three years As of May 31, 2022, the fair value of the EB CD convertible debenture was estimated using the binomial lattice model with the below assumptions: EB CD May 31 2022 August 31, 2021 Share price 0.93 6.66 Conversion price 10.25 10.25 Warrant exercise price 15.00 15.00 Term, in years 1.74 1.26 Interest rate 10 % 10 % Expected volatility 90.00 % 90.00 % Risk-free interest rate 2.40 % 0.30 % Expected dividend yield 0 % 0 % Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) (f) Fair value The following table gives information about how the fair values of these financial liabilities are determined (in particular, the valuation technique and key inputs used). Schedule of key inputs of convertible debt Financial assets / Valuation technique Key Inputs Relationship and sensitivity of unobservable inputs to fair value to fair value Convertible debt The fair value of the convertible debentures as of May 31, 2022 has been calculated using a binomial lattice methodology. Key observable inputs The estimated fair value would increase (decrease) if: Share price CAD $ 1.18 .93 The share price was higher (lower) Risk-free interest rate ( 1.05 2.40 The risk-free interest rate was higher (lower) Dividend yield ( 0 The dividend yield was lower (higher) Key unobservable inputs Credit spread ( 7.07 8.73 The credit spread was lower (higher) Discount for lack of marketability ( 0 The discount for lack of marketability was lower (higher) Convertible debt The fair value of the convertible debentures as of August 31, 2021 has been calculated using a binomial lattice methodology. Key observable inputs The estimated fair value would increase (decrease) if: Share price CAD$ 8.42 6.66 The share price was higher (lower) Risk-free interest rate ( 0.10 0.30 The risk-free interest rate was higher (lower) Dividend yield ( 0 The dividend yield was lower (higher) Key unobservable inputs Credit spread ( 1.14 8.45 The credit spread was lower (higher) Discount for lack of marketability ( 0 The discount for lack of marketability was lower (higher) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Warrant liability

Warrant liability	9 Months Ended
	May 31, 2022
Warrant Liability
Warrant liability	16. Warrant liability Liability measured warrants having CAD exercise price The following tables reflect the continuity of the Company’s liability measured warrants for the nine months ended May 31, 2022, and 2021: Schedule of measured warrants Amount $ Balance at August 31, 2020 14,135,321 Issued on conversion of convertible debt 1,103,661 Exercised (1,271,947 ) Change in fair value (7,071,518 ) Foreign exchange 1,129,258 Balance, May 31, 2021 8,024,775 Amount $ Balance at August 31, 2021 4,868,703 Change in fair value (4,667,583 ) Foreign exchange (65,371 ) Balance, May 31, 2022 135,749 The following tables reflects the continuity of the Company’s outstanding liability warrants for the nine months ended May 31, 2022, and 2021: Schedule of outstanding warrants Number of warrants Weighted-average exercise price CAD # $ Outstanding, August 31, 2020 2,405,369 9.60 Issued on conversion of convertible debt 175,331 7.50 Exercised (747,129 ) 9.64 Expired (222,842 ) 10.03 Outstanding as of May 31, 2021 1,610,729 9.30 Number of warrants Weighted-average exercise price CAD # $ Outstanding, August 31, 2021 1,452,843 8.96 Expired (123,159 ) 9.24 Outstanding as of May 31, 2022 1,329,684 8.93 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) The following table reflects the liability measured warrants issued and outstanding as of May 31, 2022: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average Average remaining contractual life (years) December 20, 2022 29,066 27.00 0.56 March 20, 2023 27,777 13.50 0.80 March 30, 2023 46,909 13.50 0.83 March 31, 2023 17,222 13.50 0.83 May 27, 2023 130,304 13.50 0.99 July 8, 2024 445,982 7.50 2.11 July 25, 2024 401,624 7.50 2.15 August 8, 2024 230,800 7.50 2.19 1,329,684 $ 8.93 1.90 As at May 31, 2022, the fair value of the 1,329,684 1,452,843 135,749 4,868,703 0.56 2.19 0.53 2.94 1.18 8.42 7.50 27.00 7.50 27.00 95 70 90 2.57 2.64 0.28 0.63 0 Equity measured warrants having USD exercise price The Company’s 3,736,296 15 The following table reflects the equity measured warrants issued and outstanding as of May 31, 2022: Warrants outstanding Expiry date Number outstanding Average Average remaining contractual life (years) November 20, 2022 224,719 15.00 0.47 January 8, 2024 1,868,787 15.00 1.61 January 22, 2024 522,898 15.00 1.65 February 24, 2024 1,058,227 15.00 1.74 August 19, 2024 49,999 15.00 2.22 September 15, 2024 11,666 15.00 2.30 3,736,296 $ 15.00 1.59 If all equity measured warrants outstanding and exercisable as of May 31, 2022, were exercised, the Company would receive cash from exercise of approximately $ 56.0 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Share capital

Share capital	9 Months Ended
	May 31, 2022
Share capital	17. Share capital (a) Authorized The Company is authorized to issue an unlimited number of common shares and an unlimited number of preference shares. (b) Issued and outstanding, common shares Schedule of shares issued and outstanding Shares Consideration # $ Balance, August 31, 2020 7,746,136 69,380,807 Shares issued on vesting of RSUs 158,477 1,080,804 Convertible debt conversion 1,728,848 13,704,605 Common shares issued on private placement, net of costs 4,435,433 24,225,901 EB bonus shares 6,666 54,061 Shares for debt 40,000 226,556 Common shares issued on exercise of warrants 747,129 7,221,216 Balance, May 31, 2021 14,862,689 115,893,950 Shares Consideration # $ Balance, August 31, 2021 15,543,309 122,741,230 Shares issued on vesting of RSUs 115,574 926,759 Balance, May 31, 2022 15,658,883 123,667,989 (c) Activity for the period During the nine months ended May 31, 2022, the Company issued 115,574 common shares upon vesting of an equal number of RSUs, see Note 19.

Stock options

Stock options	9 Months Ended
	May 31, 2022
Stock Options
Stock options	18. Stock options On October 6, 2021, the Company adopted an amended and restated equity incentive plan (“Omnibus Plan”), which amends and restates the equity incentive plan which was previously established as of July 15, 2020. Under the amendments, there were no changes in the terms of previously issued awards. Under the Omnibus Plan, the total number of common shares reserved and available for grant and issuance pursuant to stock options shall not exceed 10 Options may be exercisable over periods of up to 10 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) The following table reflects the continuity of stock options for the nine months ended May 31, 2022, and 2021: The following tables reflect the stock options issued and outstanding as of May 31, 2022: Schedule of detailed information about number and weighted average exercise prices of share options Weighted-average Number of Exercise Grant-date Remaining # $ $ (yrs.) Balance, August 31, 2020 253,121 12.73 4.39 4.31 Granted 1,333 7.38 6.24 Expired/Cancelled (16,694 ) 20.90 8.56 Balance, May 31, 2021 237,760 12.13 4.40 3.30 Balance, August 31, 2021 692,938 11.64 7.06 4.46 Granted 28,750 5.42 2.44 Expired/Cancelled (204,236 ) 11.18 7.21 Balance, May 31, 2022 517,452 11.47 6.74 3.89 Exercisable as of May 31, 2022 186,706 11.38 4.42 2.14 Schedule of detailed information about options issued and outstanding Expiry date Outstanding options CAD Weighted average exercise price USD Weighted average remaining contractual term (Years) June 30, 2022 4,428 153.45 118.15 0.08 April 1, 2023 47,499 11.25 7.91 0.84 October 31, 2023 64,997 11.25 7.91 1.42 January 29, 2025 46 106.50 76.43 2.67 August 25, 2025 340 106.50 76.43 3.24 September 23, 2025 11 106.50 76.43 3.32 February 10, 2026 1,434 106.50 76.43 3.70 May 19, 2026 4 106.50 76.43 3.97 May 23, 2026 9 106.50 76.43 3.98 June 24, 2026 240,826 15.04 12.21 4.07 July 1, 2026 10,000 14.87 12.00 4.09 July 2, 2026 48,984 15.08 12.21 4.09 August 20, 2026 20,000 7.78 6.05 4.22 March 3, 2027 1,256 106.50 76.43 4.76 July 31, 2027 133 106.50 76.43 5.17 November 3, 2027 133 106.50 76.43 5.43 November 7, 2029 36,586 7.50 5.38 7.44 December 2, 2030 1,333 9.50 7.38 8.51 June 14, 2031 10,683 14.20 11.69 9.04 November 23, 2031 10,000 12.45 9.82 9.49 December 31, 2026 3,750 3.87 3.05 4.59 January 31, 2027 15,000 3.90 3.07 4.67 517,452 14.70 11.47 3.89 Of the 517,452 options outstanding as of May 31, 2022 (August 31, 2021 – 692,938 ), 186,706 are exercisable as of May31, 2022 (August 31, 2021 – 209,950 ). During the nine months ended May 31, 2022, share-based compensation expense for the Company’s stock options was $ 2,356,419 (May 31, 2021 – $ 90,411 ). Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Restricted share units

Restricted share units	9 Months Ended
	May 31, 2022
Restricted Share Units
Restricted share units	19. Restricted share units The Omnibus Plan allows the Company to award restricted share units to officers, employees, directors and consultants of the Company and its subsidiaries upon such conditions as the Board may establish, including the attainment of performance goals recommended by the Company’s compensation committee. The purchase price for common shares of the Company issuable under each Restricted Share Unit (“RSU”) award, if any, shall be established by the Board at its discretion. Common shares issued pursuant to any RSU award may be made subject to vesting conditions based upon the satisfaction of service requirements, conditions, restrictions, time periods or performance goals established by the board. The TSXV requires the Company to fix the number of common shares to be issued in settlement of awards that are not options. The maximum number of common shares available for issuance pursuant to the settlement of RSUs shall be an aggregate of 1,548,174 The Company’s outstanding RSUs are as follows: Schedule of detailed information about restricted stock units outstanding Number # Balance, August 31, 2020 402,372 Granted 330,896 Vested (158,477 ) Cancelled (11,855 ) Balance, May 31, 2021 562,936 Balance, August 31, 2021 490,174 Granted 100,626 Vested (115,574 ) Cancelled (61,097 ) Balance, May 31, 2022 414,129 In October 2021, the Company granted 100,626 to members of the board of directors pursuant to the Company’s incentive plan. The fair value of the RSUs will be recognized as share-based compensation expense over the vesting period, which is approximately ten months. During the nine months ended May 31, 2022, share-based compensation expense for the Company’s RSUs was $ 1,221,442 (May 31, 2021 – $ 2,368,333 ).

Capital management

Capital management	9 Months Ended
	May 31, 2022
Capital management	20. Capital management The Company considers its capital to be its shareholders’ equity. As of May 31, 2022, the Company had shareholders’ equity (deficit) before non-controlling interests of $ 29,835,335 25,422,165 The Company may also return capital to shareholders through the repurchase of shares, pay dividends or reduce debt where it determines any of these to be an effective method of achieving the above objective. The Company does not use ratios in the management of its capital. There have been no changes to management’s approach to managing its capital during the nine months ended May 31, 2022, and 2021. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Commitments and contingencies

Commitments and contingencies	9 Months Ended
	May 31, 2022
Commitments And Contingencies
Commitments and contingencies	21. Commitments and contingencies Litigation and arbitration In April 2020, the Company announced its renegotiation of the acquisition of Allinsports. The revised purchase agreement provided for the acquisition of 100 966,667 1,200,000 In response, in November 2020, the shareholders of Allinsports commenced arbitration in Alberta, Canada seeking, among other things, to compel the Company to complete the acquisition of Allinsports without the audited financial statements, and to issue 966,667 20,000,000 2,625,657 966,667 899,569 Separately, in April of 2021, the Company received a copy of a complaint filed by 3CI Holdings, LLLP in the Circuit Court for the 11th Judicial Circuit for Miami-Dade naming Allinsports, A1 Simulation LLC (an entity purported to be a subsidiary of Allinsports), and the Company, seeking to hold the parties, including Company, responsible for unpaid rent under a lease agreement between 3CI’s predecessors in interest and A1 Simulation, and seeking damages of at least $ 2,890,000 On January 21, 2021, eight former shareholders of Winview filed a Complaint in Delaware Chancery Court against four Winview directors (David Lockton, et al. v. Thomas S. Rogers, et al.) alleging that the defendants breached their fiduciary duties in connection with the sale of Winview to Engine. The relief sought includes rescission of the sale of Winview to Engine and compensatory damages. The defendants have filed a motion to dismiss the claims. By Decision dated March 1, 2022, the Court granted in part and denied in part, the defendants’ Motion to Dismiss the Complaint. Neither the Company nor Winview have been named as parties to this action. Under the March 9, 2020, Business Combination Agreement pursuant to which the Company acquired Winview, the Company agreed to indemnify Winview’s directors for any claims arising out of their service as directors for Winview. In July of 2021, Winview Inc. filed separate patent infringement lawsuits against DraftKings Inc. and FanDuel, Inc in the United States District Court for the District of New Jersey, alleging that Sportsbook and Daily Fantasy Sports offerings of DraftKings and FanDuel infringe four of Winview’s patents. These actions seek the recovery of damages and other appropriate relief. Draft Kings and FanDuel have filed motions to dismiss, which are pending. The outcomes of pending litigations in which the Company is involved are necessarily uncertain as are the Company’s expenses in prosecuting and defending these actions. From time to time the Company may modify litigation strategy and/or the terms on which it retains counsel and other professionals in connection with such actions, which may affect the outcomes of and/or the expenses incurred in connection with such actions. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) The Company is subject to various other claims, lawsuits and other complaints arising in the ordinary course of business. The Company records provisions for losses when claims become probable, and the amounts are estimable. Although the outcome of such matters cannot be determined, it is the opinion of management that the final resolution of these matters will not have a material adverse effect on the Company’s financial condition, operations, or liquidity.

Discontinued operations

Discontinued operations	9 Months Ended
	May 31, 2022
Discontinued operations	22. Discontinued operations The Company entered into an Agreement to sell certain assets of UMG Media Ltd. (“UMG”) on June 13, 2022. This business was previously part of the Company’s Gaming segment. On June 30, 2022, and wind down the operations of the business following a strategic decision to focus the Company’s resources on the key revenue streams of direct-to-consumer, software-as-a-service and advertising. UMG the Company completed the sale of the UMG’s assets (Note 27). Accordingly, UMG results for the current and comparative periods have been presented as discontinued operations within the comparative Interim Condensed Consolidated Statements of Income (loss) and Comprehensive Income (loss). Results from the discontinued operations for UMG and the related cash flows are as follows: Schedule of discontinued operations May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Revenues Revenue 141,926 192,500 387,655 374,654 Operating expenses Salaries and wages 340,249 264,637 1,021,046 756,825 Consulting - - - - Professional fees 9,190 14,622 12,891 189,781 Sponsorships and tournaments 85,859 116,507 663,046 562,495 Advertising and promotion 4,480 2,760 20,723 3,369 Office and general 20,790 52,294 57,743 119,309 Technology expenses 10,776 33,150 73,123 93,106 Amortization and depreciation 34,983 136,122 275,592 378,530 Impairment expense 209,934 - 476,404 - Restructuring Costs - - 90,539 - Interest expense 4,225 (19,714 ) 13,722 29,970 (Gain) loss on foreign exchange 1,642 (2,710 ) 31,808 (15,400 ) Net income (loss) from discontinued operations (580,202 ) (405,168 ) (2,348,982 ) (1,743,331 ) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Schedule of cash flow in discontinued operation May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Net cash provided by (used in) operating activities 114,599 255,367 (149,397 ) 396,348 Disposal Net cash used in financing activities (21,852 ) (21,637 ) (65,125 ) (64,481 ) Change in cash 92,747 233,730 (214,522 ) 331,867 Cash, beginning of period (131,973 ) (78,844 ) 175,296 (176,981 ) Cash, end of period (39,226 ) 154,886 (39,226 ) 154,886 The Company committed to a plan to sell Eden Games, S.A. (“Eden Games”) during the second quarter of fiscal 2022, following a strategic decision to focus the Company’s resources on the key revenue streams of direct-to-consumer, software-as-a-service, and advertising. Eden Games was previously part of the Company’s Gaming segment. On April 6, 2022, the Company completed the sale of Eden Games. To facilitate the sale of Eden Games, under a separate agreement, the Company agreed to purchase Euro- denominated 6% promissory notes amounting to Euro 1,453,154 1,558,319 ) that were due to the former co-founders of Eden Games from third parties. Euro 1,081,081 ($ 1,181,005 The promissory notes receivable were classified at fair value through profit and loss based on management’s expectations about the proposed terms of settlement with the counterparties to the promissory notes and in accordance with the Company’s accounting policies. Accordingly, Eden Games’ results for the current and comparative periods have been presented as discontinued operations within the Interim Condensed Consolidated Statements of Income (loss) and Comprehensive Income (loss). Consideration transferred for the sale of Eden Games sales and the resulting gain on disposal was as follows: Schedule of loss on disposal Amount $ Consideration received or receivable: Cash consideration 15,357,803 Accounts payable assumed Deferred purchase consideration of LGR Fair value of contingent consideration Total disposal consideration 15,357,803 Carrying amount of net assets sold (577,106 ) Carrying amount attributable to non-controlling interests 208,598 Gain on disposal before income tax and reclassification of foreign currency translation reserve 14,989,295 Reclassification of foreign currency translation reserve 139,122 Gain on disposal of Eden Games 15,128,417 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) The net assets of Eden Games (the disposal group) as of the date of sale were as follows: Schedule of net asset Amount $ Carrying amounts of assets as at the date of sale: Cash 647,187 Accounts and other receivables 586,309 Government remittances 566,331 Prepaid expenses and other 36,124 Right-of-use assets 16,036 Property and equipment 41,132 Intangible assets 296,235 Goodwill 345,150 Total assets of disposal group 2,534,504 Carrying amount of liabilities directly associated with assets as at the date of sale: Accounts payable 1,168,966 Accrued liabilities 750,388 Lease obligation, current 17,959 Long-term debt, current 20,085 Total liabilities of disposal group 1,957,398 Net assets of disposal group 577,106 Results of discontinued operations for Eden and the related cash flows are as follows: Schedule of discontinued operations May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Revenues Revenue 434,508 1,416,371 4,759,711 2,604,799 Operating expenses Salaries and wages 329,126 855,367 2,113,180 2,637,904 Consulting 102,951 309,842 796,570 711,209 Office and general 80,029 150,497 265,125 389,361 Amortization and depreciation 1,360 111,554 224,349 1,329,588 Share-based payments 1 (42 ) (93 ) (1,097 ) Interest expense (16 ) 7,780 7,145 34,669 (Gain) loss on foreign exchange - (7,602 ) 39,350 (168,640 ) Net income (loss) from discontinued operations (78,943 ) (11,025 ) 1,314,085 (2,328,195 ) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Schedule of cash flow in discontinued operation May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Net cash provided by (used in) operating activities 396,544 140,150 509,166 432,035 Disposal of Eden (647,187 ) - (647,187 ) - Net cash used in financing activities (24,548 ) (57,045 ) (132,550 ) (225,353 ) Change in cash (275,191 ) 83,105 (270,571 ) 206,682 Cash, beginning of period 275,191 231,155 270,571 107,578 Cash, end of period - 314,260 - 314,260 Results of discontinued operations for the Motorsports Group and the related cash flows along with description of the transaction are as follows: Schedule of discontinued operations May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Revenues Revenue - - - 90,934 Operating expenses Salaries and wages - - - 212,546 Consulting - - - 267,933 Professional fees - - - 22,681 Sponsorships and tournaments - - - 203,637 Advertising and promotion - - - 1,740 Office and general - - - 7,374 Technology expenses - - - 86,590 Amortization and depreciation - - - 201,335 Interest expense - - - 572 (Gain) loss on foreign exchange 11,037 9,606 11,037 49,317 Net income (loss) from discontinued operations (11,037 ) (9,606 ) (11,037 ) (962,791 ) Schedule of cash flow in discontinued operation May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Net cash provided by (used in) operating activities - - - (92,652 ) Disposal of Motorsports - - - 24,348 Disposal - - - 24,348 Change in cash - - - (68,304 ) Cash, beginning of period - - - 68,304 Cash, end of period - - - - On November 3, 2020, the Company, following a detailed strategic review in connection with the merger of Torque Esports, Frankly and WinView, announced that it has completed the sale of IDEAS+CARS, The Race Media, WTF1, Driver DataDB and Lets Go Racing (collectively the “Motorsport Group”) to Ideas + Cars Holdings Limited, a third party investment group based in the UK. As a result, the Company eliminated eliminating its funding obligations related to the cost of maintaining and growing these auto media businesses and certain accrued liabilities. Accordingly, the operational results for this group were presented as a discontinued operation. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Consideration transferred for the Motorsport Group was as follows: Schedule of loss on disposal Amount $ Consideration received or receivable: Accounts payable assumed 101,322 Deferred purchase consideration of LGR 333,503 Fair value of contingent consideration 1,321,281 Total disposal consideration 1,756,106 Carrying amount of net assets sold (2,334,303 ) Loss on disposal before income tax and reclassification of foreign currency translation reserve (578,197 ) Reclassification of foreign currency translation reserve (100,734 ) Loss on disposal of Motorsports (678,931 ) The net assets of the Motorsport Group as at the date of sale were as follows: Schedule of net asset Amount $ Carrying amounts of assets as at the date of sale: Cash and cash equivalents (24,348 ) Accounts and other receivables 126,590 Government remittances 25,095 Prepaid expenses and other 24,113 Property and equipment 47,416 Intangible assets 3,066,457 Total assets of disposal group 3,265,323 Carrying amount of liabilities directly associated with assets as at the date of sale: Accounts payable 508,881 Accrued liabilities 422,139 Total liabilities of disposal group 931,020 Net assets of disposal group 2,334,303 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Segmented information

Segmented information	9 Months Ended
	May 31, 2022
Segmented information	23. Segmented information Information reported to the Company’s Chief Executive Officer, the Chief Operating Decision Maker (“CODM”), for the purposes of resource allocation and assessment of segment performance is focused on the category of services for each type of activity. The principal categories of services are E-Sports, Media and Advertising, and Corporate and Other. The Group’s reportable segments under IFRS 8 are therefore as follows: Gaming - Services related to competitive organized video gaming or sporting events; Media - Platform and advertising services provided to other broadcasters, primarily local TV and radio broadcasters; Corporate and Other - Services provided to other businesses and other revenues; The Corporate and Other segment primarily consists of support costs not allocated to the two other segments. The following is an analysis of the Company’s revenue and results by reportable segment for the three months ended May 31, 2022: Schedule of segment reporting Three months ended Gaming Media Corporate Total $ $ $ $ Revenue External sales 549,430 8,692,048 - 9,241,478 Results Segment loss (1,723,122 ) (3,216,116 ) - (4,939,238 ) Central administration costs - - 2,025,194 2,025,194 Other gains and losses 12,152 1,382 (1,565,959 ) (1,552,425 ) Finance costs 44,937 277 183,134 228,348 Loss before tax (1,780,211 ) (3,217,775 ) (642,369 ) (5,640,355 ) Income tax - - - - Gain (Loss) for the year from: Share of net loss of associate Discontinued operations (463,980 ) - 14,922,215 14,458,235 Non-controlling interest in net loss - - 3,419 3,419 Net income (loss) (2,244,191 ) (3,217,775 ) 14,283,265 8,821,299 The following is an analysis of the Company’s revenue and results by reportable segment for the nine months ended May 31, 2022: Gaming Media Corporate Total $ $ $ $ Revenue External sales 1,331,151 29,177,011 - 30,508,162 Results Segment loss (6,175,613 ) (8,197,275 ) - (14,372,888 ) Central administration costs - - 7,599,740 7,599,740 Other gains and losses 1,621,582 36,929 (10,991,270 ) (9,332,759 ) Finance costs 63,268 979 577,538 641,785 Income (loss) before tax (7,860,463 ) (8,235,183 ) 2,813,992 (13,281,654 ) Income tax - - - - Gain (Loss) for the period from: Discontinued operations (647,595 ) - 14,730,078 14,082,483 Non-controlling interest in net loss - - (65,219 ) (65,219 ) Net income (loss) (8,508,058 ) (8,235,183 ) 17,478,851 735,610 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) The following is an analysis of the Company’s revenue and results by reportable segment for the three months ended May 31, 2021: Three months ended Gaming Media Corporate Total $ $ $ $ Revenue External sales 408,575 7,592,387 - 8,000,962 Results Segment loss (1,190,154 ) (2,057,830 ) - (3,247,984 ) Central administration costs - - 1,752,651 1,752,651 Other gains and losses 10,664 (329,730 ) (6,891,518 ) (7,210,584 ) Finance costs 8,251 125,470 76,034 209,755 Loss before tax (1,209,069 ) (1,853,570 ) 5,062,833 2,000,194 Income tax - - - - Gain (Loss) for the year from: Share of net loss of associate - - - - Discontinued operations (360,666 ) - (65,133 ) (425,799 ) Non-controlling interest in net loss - - (2,343 ) (2,343 ) Net income (loss) (1,569,735 ) (1,853,570 ) 4,995,357 1,572,052 The following is an analysis of the Company’s revenue and results by reportable segment for the nine months ended May 31, 2021: Gaming Media Corporate Total $ $ $ $ Revenue External sales 993,408 21,491,243 - 22,484,651 Results Segment loss (3,283,044 ) (5,682,782 ) - (8,965,826 ) Central administration costs - - 6,513,730 6,513,730 Other gains and losses 9,465 2,474,609 939,416 3,423,490 Finance costs 36,480 637,514 439,755 1,113,749 Loss before tax (3,328,989 ) (8,794,905 ) (7,892,901 ) (20,016,795 ) Income tax - - - - Gain (Loss) for the period from: Share of net loss of associate - - (103,930 ) (103,930 ) Discontinued operations (4,076,248 ) - (1,637,000 ) (5,713,248 ) Non-controlling interest in net loss - - 59,327 59,327 Net loss (7,405,237 ) (8,794,905 ) (9,574,504 ) (25,774,646 ) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Geographical breakdown North European Total $ $ $ August 31, 2021 Assets 64,943,049 2,519,798 67,462,847 Long-term assets 35,796,241 108,924 35,905,165 May 31, 2022 Assets 57,684,572 845,630 58,530,202 Long-term assets 30,400,404 5,624 30,406,028

Related party transactions and

Related party transactions and balances	9 Months Ended
	May 31, 2022
Related Party Transactions And Balances
Related party transactions and balances	24. Related party transactions and balances (a) Key management compensation Key management includes the Company’s directors, officers and any consultants with the authority and responsibility for planning, directing, and controlling the activities of an entity, directly or indirectly. Compensation awarded to key management for the three and nine months ended May 31, 2022, and 2021, includes the following: Schedule of compensation award to key management May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Total compensation paid to key management 359,069 392,490 1,067,212 1,836,583 Share based payments 184,506 323,233 547,790 1,581,037 Total compensation paid to key management is recorded in consulting fees, salaries and wages and share based payments in the consolidated statement of income (loss) and comprehensive income (loss) for the nine months ended May 31, 2022, and 2021. Amounts due from related parties as of May 31, 2022, with respect to the above fees were $ 29,740 (due to August 31, 2021 – $ 33,349 ). The amounts due to/from related parties are recorded within accounts payable and accrued liabilities on the consolidated statement of income (loss) and comprehensive income (loss). These amounts are unsecured, non-interest bearing and due on demand. Commitment to former holders of WinView to proceeds from the patent portfolio enforcement action Pursuant to the Business Combination agreement dated March 9, 2020, among the Company, Frankly Inc. and Winview Inc., the Company is required to pay to certain former Winview securities holders (“Stubholders”) fifty percent ( 50 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Financial instruments and risk

Financial instruments and risk management	9 Months Ended
	May 31, 2022
Financial instruments and risk management	25. Financial instruments and risk management (a) Financial risk management objectives and policies The Company’s activities expose it to a variety of financial risks including foreign currency risk, interest rate risk, credit risk, and liquidity risk. These financial instrument risks are actively managed by the Company under the policies approved by the Board of Directors. The principal financial risks are managed by the Company’s finance department, within Board approved policies and guidelines. On an ongoing basis, the finance department actively manages market conditions with a view to minimizing the exposure of the Company to changing market factors, while at the same time limiting the funding costs to the Company. (b) Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company. The Company has adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral where appropriate, as a means of mitigating the risk of financial loss from defaults. The Company uses information supplied by independent rating agencies where available, and if not available, the Company uses other publicly available financial information and its own records to rate its customers. Credit risk arises from cash and deposits with banks as well as credit exposure to outstanding receivables, the carrying amounts represent the Company’s maximum exposure to credit risk. The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The Company establishes an allowance for doubtful accounts that represents its estimate of expected losses in respect of accounts receivable. The main components of this allowance are a specific loss component that relates to individually significant exposures, and a collective loss component established for groups of similar assets in respect of losses that have been incurred but not yet identified. The collective loss allowance is determined based on historical data of payment statistics for similar financial assets. The Company’s accounts receivable are concentrated among customers in the media and broadcasting industry, which may be affected by adverse economic factors impacting that industry. The Company performs ongoing credit evaluations of its major customers, maintains reserves for expected credit losses, and does not require any collateral deposits. As of May 31, 2022, one customer (August 31, 2021 – one) accounted for greater than 10 % of the Company’s accounts receivable balance. In total, one customer accounted for 16 % and 13 70 % (August 31, 2021 – 60 %) of total revenue. The below table reflects the aging of the Company’s aging by invoice date of gross trade accounts receivable and allowance for doubtful accounts as of May 31, 2022: Schedule of gross trade accounts receivable and allowance for doubtful accounts Current 0 - 30 31 - 60 61 - 90 91+ Total Trade accounts receivable 5,968,664 436,116 274,434 264,102 1,892,735 8,836,051 Allowance for doubtful accounts - - - - 1,022,636 1,022,636 % Allowance 0 % 0 % 0 % 54 % 12 % Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) (c) Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities. The Company is exposed to liquidity risk with respect to its contractual obligations and financial liabilities. The Company manages liquidity risk by continuously monitoring forecasted and actual cash flows and matching maturity profiles of financial assets and liabilities. The Company seeks to ensure that it has sufficient capital to meet short term financial obligations after considering its operating obligations and cash on hand. The Company’s policy is to seek to ensure adequate funding is available from operations and other sources, including debt and equity capital markets, as required. Schedule of funding available from operations and other sources < 1 year 1-2 years 2-5 years $ $ $ Accounts payable 11,982,749 - - Accrued liabilities 4,926,240 - - Players liability account 289,889 - - Lease obligation 158,501 245,076 - Promissory notes payable 806,204 - - Convertible debt 2,692,514 5,146,723 - (d) Interest rate risk Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is exposed to fair value risk with respect to debt which bear interest at fixed rates. (e) Foreign exchange rates The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to fluctuations of financial instruments related to cash, accounts and other receivables, and accounts payable denominated in Euros, as well as debt denominated in Canadian dollars. (f) Fair value hierarchy The following tables combine information about: ● classes of financial instruments based on their nature and characteristics; ● the carrying amounts of financial instruments; ● fair values of financial instruments (except financial instruments when carrying amount approximates their fair value); and ● fair value hierarchy levels of financial assets and financial liabilities for which fair value was disclosed. Fair value hierarchy levels 1 to 3 are based on the degree to which the fair value is observable. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Schedule of fair value measurement Carrying value at May 31, 2022 FVTPL - Amortized $ $ Financial assets: Cash - 13,695,279 Restricted cash - 289,889 Accounts and other receivables - 7,864,272 Government remittances - 861,442 Publisher advance - 2,351,435 Promissory notes receivable 1,558,319 - Investment at FVTPL 2,629,851 - Financial assets 4,188,170 25,062,317 Carrying value at May 31, 2022 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 11,982,749 Accrued liabilities - - 4,926,240 Players liability account - - 289,889 Arbitration reserve - 899,569 - Long-term debt - - - Promissory notes payable - - 806,204 Warrant liability 135,749 - - Convertible debt - 7,839,237 - Financial liabilities 135,749 8,738,806 18,005,082 Carrying value at August 31, 2021 FVTPL - Amortized $ $ Financial assets: Cash - 15,305,996 Restricted cash - 331,528 Accounts and other receivables - 8,646,807 Government remittances - 1,070,216 Publisher advance - 4,534,218 Promissory notes receivable - Investment at FVTPL 2,629,851 - Financial assets 2,629,851 29,888,765 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Carrying value at August 31, 2021 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 10,403,665 Accrued liabilities - - 5,722,470 Players liability account - - 331,528 Arbitration reserve - 6,468,330 - Long-term debt - - 96,664 Promissory notes payable - - 821,948 Warrant liability 4,868,703 - - Convertible debt - 9,951,496 - Financial liabilities 4,868,703 16,419,826 17,376,275 A summary of instruments, with their classification in the fair value hierarchy is as follows: Schedule of hierarchy levels of fair value Level 1 Level 2 Level 3 Fair value as $ $ $ $ Arbitration reserve 899,569 - - 899,569 Warrant liability - 135,749 - 135,749 Convertible debt - - 7,839,237 7,839,237 Promissory notes receivable - - 1,558,319 1,558,319 Investment at FVTPL - - 2,629,851 2,629,851 Level 1 Level 2 Level 3 Fair value as $ $ $ $ Arbitration reserve 6,468,330 - - 6,468,330 Warrant liability - 4,868,703 - 4,868,703 Convertible debt - - 9,951,496 9,951,496 Promissory notes receivable - - - - Investment at FVTPL - - 2,629,851 2,629,851 Some of the Company’s financial assets and financial liabilities are measured at fair value at the end of each reporting period. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars)

Restructuring charges

Restructuring charges	9 Months Ended
	May 31, 2022
Restructuring Charges
Restructuring charges	26. Restructuring charges During the month of February 2022, the company recorded restructuring charges of $ 35,747 All restructuring expenses for the quarter and year to date are for severance. No restructuring actions occurred during the quarter or nine months ended May 31, 2021.

Subsequent events

Subsequent events	9 Months Ended
	May 31, 2022
Subsequent events	27. Subsequent events The Company has evaluated subsequent events from the balance sheet date through July 15, 2022, the date at which the unaudited interim condensed consolidated financial statements were available to be issued and determined there were no additional items to be disclosed except for the transaction described below. The Company entered into an agreement on June 13, 2022, to sell certain assets of UMG for $ 100 . On June 30, 2022, the Company completed the sale. Concurrently with the sale agreement the Company entered into a transition services agreement with the purchaser for a total value of $ 300,000 with payments beginning July 31, 2022, and the remainder to be paid in full, 12 months following the first payment.

Basis of preparation (Tables)

Basis of preparation (Tables)	9 Months Ended
	May 31, 2022
Schedule of material subsidiaries	The Company’s material subsidiaries as of May 31, 2022, are as follows: Schedule of material subsidiaries Name of Subsidiary Country of Incorporation Ownership Percentage Functional Currency Frankly Inc. Canada 100 Canadian Dollar UMG Media Ltd. Canada 100 Canadian Dollar Stream Hatchet S.L. Spain 100 Euro SideQik, Inc. USA 100 US Dollar WinView, Inc. USA 100 US Dollar

Accounts, other receivables, _2

Accounts, other receivables, and publisher advance (Tables)	9 Months Ended
	May 31, 2022
Schedule of accounts and other receivables	The Company’s accounts and other receivables are comprised of the following: Schedule of accounts and other receivables May 31, August 31, $ $ Trade accounts receivable 8,836,051 9,677,725 Other receivables 50,857 53,387 Allowance for doubtful accounts (1,022,636 ) (1,084,305 ) Total accounts and other receivables 7,864,272 8,646,807
Schedule of allowance for doubtful accounts	A continuity of the Company’s allowance for doubtful accounts is as follows: Schedule of allowance for doubtful accounts 2022 2021 $ $ Balance, August 31, (1,084,305 ) (874,438 ) Provision, bad debt expense - (72,636 ) Write-offs 61,669 3,540 Balance, May 31, (1,022,636 ) (943,534 )

Property and equipment (Tables)

Property and equipment (Tables)	9 Months Ended
	May 31, 2022
Schedule of detailed information about property plant and equipment	Schedule of detailed information about property plant and equipment Cost Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2020 221,653 486,340 173,091 881,084 Additions - 89,561 17,903 107,464 Impairment Disposals - (9,767 ) - (9,767 ) Disposal of Motorsports (2,631 ) (47,645 ) (18,118 ) (68,394 ) Disposal of Eden Games - (9,767 ) - (9,767 ) Held for sale - UMG Effect of foreign exchange 132 11,518 802 12,452 May 31, 2021 219,154 530,007 173,678 922,839 August 31, 2021 218,851 603,607 173,044 995,502 Additions - 70,632 1,551 72,183 Impairment (153,193 ) - - (153,193 ) Disposal of Eden Games (7,407 ) (314,440 ) (52,460 ) (374,307 ) Disposal, cost (7,407 ) (314,440 ) (52,460 ) (374,307 ) Held for sale - UMG - (227,179 ) (35,178 ) (262,357 ) Foreign exchange 1,011 (29,472 ) (4,515 ) (32,976 ) May 31, 2022 59,262 103,148 82,442 244,852 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Accumulated depreciation Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2020 57,517 307,508 106,670 471,695 Depreciation 4,082 78,421 19,215 101,718 Disposal of Motorsports - (11,068 ) (9,910 ) (20,978 ) Held for sale - UMG Foreign exchange 183 9,161 798 10,142 May 31, 2021 61,782 384,022 116,773 562,577 August 31, 2021 63,367 406,231 122,093 591,691 Depreciation 5,507 94,518 16,770 116,795 Disposal of Eden Games (7,202 ) (278,569 ) (47,404 ) (333,175 ) Disposal, accumulated depreciation (7,202 ) (278,569 ) (47,404 ) (333,175 ) Held for sale - UMG - (133,957 ) (41,614 ) (175,571 ) Foreign exchange (668 ) (24,728 ) (4,000 ) (29,396 ) May 31, 2022 61,004 63,495 45,845 170,344 Net book value Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2021 155,484 197,376 50,951 403,811 May 31, 2022 0 39,653 36,597 74,508

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	May 31, 2022
Schedule of detailed information about goodwill	Schedule of detailed information about goodwill 2022 2021 $ $ Balance, August 31, 18,495,121 18,785,807 Disposal of Eden Games (345,150 ) - Effect of foreign exchange (49,590 ) 42,055 Balance, May 31, 18,100,381 18,827,862

Intangible assets (Tables)

Intangible assets (Tables)	9 Months Ended
	May 31, 2022
Schedule of detailed information about intangible assets	A continuity of the Company’s intangibles is as follows: Schedule of detailed information about intangible assets Cost Patents Application Platforms Software Brand Customer Total $ $ $ $ $ $ August 31, 2020 9,430,265 1,322,802 10,763,975 2,310,475 3,671,954 27,499,471 Disposal of Motorsports - - (3,598,869 ) (201,627 ) (222,650 ) (4,023,146 ) Impairment Disposal of Eden Games Held for Sale - UMG Foreign exchange - 26,660 437,252 134,524 8,691 607,127 May 31, 2021 9,430,265 1,349,462 7,602,358 2,243,372 3,457,995 24,083,452 August 31, 2021 9,430,265 1,073,045 8,330,683 2,137,449 3,624,300 24,595,742 Intangible assets, Cost, Beginning balance 9,430,265 1,073,045 8,330,683 2,137,449 3,624,300 24,595,742 Impairment - (50,602 ) - (62,675 ) - (113,277 ) Disposal of Eden Games - (269,098 ) (4,709,219 ) (1,390,134 ) (269,010 ) (6,637,461 ) Held for Sale - UMG - (242,667 ) - (184,167 ) (313,933 ) (740,767 ) Foreign exchange - (14,450 ) (285,842 ) (82,040 ) (19,230 ) (401,562 ) May 31, 2022 9,430,265 496,228 3,335,622 418,433 3,022,127 16,702,675 Intangible assets, Cost, Ending balance 9,430,265 496,228 3,335,622 418,433 3,022,127 16,702,675 Accumulated amortization Patents Application Platforms Software Brand Customer Total $ $ $ $ $ $ August 31, 2020 628,684 793,041 4,909,000 1,077,491 648,933 8,057,149 Amortization 1,414,540 131,944 1,538,835 363,583 445,317 3,894,219 Disposal of Motorsports - - (532,412 ) (201,627 ) (222,650 ) (956,689 ) Disposal of Eden Games Held for Sale - UMG Foreign exchange - 23,145 409,553 69,613 (77,318 ) 424,993 May 31, 2021 2,043,224 948,130 6,324,976 1,309,060 794,282 11,419,672 August 31, 2021 2,514,737 966,444 6,340,302 1,375,647 916,368 12,113,498 Intangible assets, Accumulated amortization, Beginning balance 2,514,737 966,444 6,340,302 1,375,647 916,368 12,113,498 Amortization 1,414,540 56,000 636,504 204,663 300,087 2,611,794 Disposal of Eden Games - (269,098 ) (4,709,219 ) (1,112,108 ) (250,801 ) (6,341,226 ) Held for Sale - UMG - (242,667 ) - (184,167 ) (313,933 ) (740,767 ) Foreign exchange - (14,451 ) (285,842 ) (61,977 ) (17,804 ) (380,074 ) May 31, 2022 3,929,277 496,228 1,981,745 222,058 633,917 7,263,225 Intangible assets, Accumulated amortization, Ending balance 3,929,277 496,228 1,981,745 222,058 633,917 7,263,225 Net book value Patents Application Platforms Software Brand Customer Total $ $ $ $ $ $ August 31, 2021 6,915,528 106,601 1,990,381 761,802 2,707,932 12,482,244 Net book value, Beginning balance 6,915,528 106,601 1,990,381 761,802 2,707,932 12,482,244 May 31, 2022 5,500,988 - 1,353,877 196,375 2,388,210 9,439,450 Net book value, Ending balance 5,500,988 - 1,353,877 196,375 2,388,210 9,439,450

Right-of-use assets (Tables)

Right-of-use assets (Tables)	9 Months Ended
	May 31, 2022
Schedule of detailed information about right-of-use assets	Schedule of detailed information about right-of-use assets 2022 2021 $ $ Balance, August 31, 557,022 550,478 Acquired - - Depreciation (166,004 ) (143,940 ) Impairment (209,934 ) - Disposal of Eden Games (16,036 ) - Effect of foreign exchange (3,210 ) 2,532 Balance, May 31, 161,838 409,070

Lease liabilities (Tables)

Lease liabilities (Tables)	9 Months Ended
	May 31, 2022
Lease Liabilities
Schedule of detailed information about continuity of the lease liabilities	Schedule of detailed information about continuity of the lease liabilities Equipment Office lease Total $ $ $ Balance, August 31, 2020 35,457 536,691 572,148 Acquired - - - Disposal of Eden Games Interest expense 1,548 24,844 26,392 Payments (10,035 ) (154,375 ) (164,410 ) Effect of foreign exchange - 2,708 2,708 Balance, May 31, 2021 26,970 409,868 436,838 Balance, August 31, 2021 24,048 563,503 587,551 Lease liabilities, Beginning balance 24,048 563,503 587,551 Acquired - - - Disposal of Eden Games - (17,959 ) (17,959 ) Interest expense 979 20,907 21,886 Payments (10,035 ) (174,342 ) (184,377 ) Effect of foreign exchange - (3,524 ) (3,524 ) Balance, May 31, 2022 14,992 388,585 403,577 Lease liabilities, Ending balance 14,992 388,585 403,577 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) The Company’s lease obligation is classified between current and non-current liabilities as follows: Equipment Office lease Total $ $ $ As of May 31, 2021: Less than one year 11,977 178,468 190,445 Greater than one year 14,993 231,400 246,393 Total lease obligation 26,970 409,868 436,838 Equipment Office lease Total $ $ $ As of May 31, 2022: Less than one year 12,781 145,720 158,501 Greater than one year 2,211 242,865 245,076 Total lease obligation 14,992 388,585 403,577
Schedule of detailed information about future minimum undiscounted lease payments	The future minimum undiscounted lease payments as of May 31, 2022, are presented below: Schedule of detailed information about future minimum undiscounted lease payments Equipment Office lease Total Maturity analysis - contractual undiscounted cash flows as of May 31, 2022: Less than one year 13,380 163,464 176,844 Greater than one year 2,230 254,241 256,471 Total undiscounted lease obligation 15,610 417,705 433,315

Convertible debt (Tables)

Convertible debt (Tables)	9 Months Ended
	May 31, 2022
Schedule of detailed information about continuity of convertible debt	The continuity of convertible debt for the nine months ended May 31, 2022, and 2021, is as follows: Schedule of detailed information about continuity of convertible debt 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2020 2,121,869 8,671,590 - - 10,793,459 Issuances - 4,282,477 - - 4,282,477 Exchange of EB Loan for Amended EB Loan - - 5,043,103 - 5,043,103 Exchange of Amended EB Loan for EB CD - - (4,931,813 ) 7,394,022 2,462,209 Conversion - common shares issued (1,500,214 ) (12,204,391 ) - - (13,704,605 ) Conversion - warrants issued (1,103,661 ) (4,256,114 ) - - (5,359,775 ) Interest expense 47,325 347,773 138,710 125,000 658,808 Accrued interest on conversion / interest payments (101,247 ) (256,300 ) (250,000 ) - (607,547 ) Effect of foreign exchange 180,830 - - - 180,830 Change in fair value 1,486,061 5,634,688 - 51,784 7,172,533 Balance, May 31, 2021 1,130,963 2,219,723 - 7,570,806 10,921,492 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2021 914,428 2,097,127 - 6,939,941 9,951,496 Interest expense 19,945 149,589 - 375,000 544,534 Accrued interest on conversion / interest payments - - - (500,000 ) (500,000 ) Effect of foreign exchange (9,659 ) - - - (9,659 ) Change in fair value (405,571 ) (73,345 ) - (1,668,218 ) (2,147,134 ) Balance, May 31, 2022 519,143 2,173,371 - 5,146,723 7,839,237 The Company’s convertible debt obligations are classified between current and non-current liabilities as follows: 2019 2020 EB CD Total $ $ $ $ As of May 31, 2022: Less than one year 519,143 2,173,371 - 2,692,514 Greater than one year - - 5,146,723 5,146,723 Total convertible debt obligation 519,143 2,173,371 5,146,723 7,839,237
Schedule of detailed information about fair value assumptions of convertible debentures	As of May 31, 2022, the fair value of the 2019 Series convertible debentures was estimated using the binomial lattice model with the below assumptions: Schedule of detailed information about fair value assumptions of convertible debentures 2019 Series May 31, 2022 (CA$) August 31, 2021 (CA$) Share price 1.18 8.42 Conversion price 7.50 7.50 Warrant exercise price 7.50 7.50 Term, in years .10 .19 .85 .94 Interest rate 6 % 6 % Expected volatility 95.00 % 90.00 % Risk-free interest rate 1.05 1.29 % 0.25 0.26 % Exchange rate 0.7875 0.7947 Expected dividend yield 0 % 0 % As of May 31, 2022, the fair value of the 2020 Series convertible debentures was estimated using the binomial lattice model with the below assumptions: 2020 Series May 31 2022 August 31, 2021 Share price 0.93 6.66 Conversion price 8.90 8.90 Warrant exercise price - - Term, in years 0.47 1.26 Interest rate 10 % 10 % Expected volatility 95.00 % 90.00 % Risk-free interest rate 1.58 % 0.10 % Expected dividend yield 0 % 0 % As of May 31, 2022, the fair value of the EB CD convertible debenture was estimated using the binomial lattice model with the below assumptions: EB CD May 31 2022 August 31, 2021 Share price 0.93 6.66 Conversion price 10.25 10.25 Warrant exercise price 15.00 15.00 Term, in years 1.74 1.26 Interest rate 10 % 10 % Expected volatility 90.00 % 90.00 % Risk-free interest rate 2.40 % 0.30 % Expected dividend yield 0 % 0 %
Schedule of key inputs of convertible debt	Schedule of key inputs of convertible debt Financial assets / Valuation technique Key Inputs Relationship and sensitivity of unobservable inputs to fair value to fair value Convertible debt The fair value of the convertible debentures as of May 31, 2022 has been calculated using a binomial lattice methodology. Key observable inputs The estimated fair value would increase (decrease) if: Share price CAD $ 1.18 .93 The share price was higher (lower) Risk-free interest rate ( 1.05 2.40 The risk-free interest rate was higher (lower) Dividend yield ( 0 The dividend yield was lower (higher) Key unobservable inputs Credit spread ( 7.07 8.73 The credit spread was lower (higher) Discount for lack of marketability ( 0 The discount for lack of marketability was lower (higher) Convertible debt The fair value of the convertible debentures as of August 31, 2021 has been calculated using a binomial lattice methodology. Key observable inputs The estimated fair value would increase (decrease) if: Share price CAD$ 8.42 6.66 The share price was higher (lower) Risk-free interest rate ( 0.10 0.30 The risk-free interest rate was higher (lower) Dividend yield ( 0 The dividend yield was lower (higher) Key unobservable inputs Credit spread ( 1.14 8.45 The credit spread was lower (higher) Discount for lack of marketability ( 0 The discount for lack of marketability was lower (higher)

Warrant liability (Tables)

Warrant liability (Tables)	9 Months Ended
	May 31, 2022
Warrant Liability
Schedule of measured warrants	The following tables reflect the continuity of the Company’s liability measured warrants for the nine months ended May 31, 2022, and 2021: Schedule of measured warrants Amount $ Balance at August 31, 2020 14,135,321 Issued on conversion of convertible debt 1,103,661 Exercised (1,271,947 ) Change in fair value (7,071,518 ) Foreign exchange 1,129,258 Balance, May 31, 2021 8,024,775 Amount $ Balance at August 31, 2021 4,868,703 Change in fair value (4,667,583 ) Foreign exchange (65,371 ) Balance, May 31, 2022 135,749
Schedule of outstanding warrants	The following tables reflects the continuity of the Company’s outstanding liability warrants for the nine months ended May 31, 2022, and 2021: Schedule of outstanding warrants Number of warrants Weighted-average exercise price CAD # $ Outstanding, August 31, 2020 2,405,369 9.60 Issued on conversion of convertible debt 175,331 7.50 Exercised (747,129 ) 9.64 Expired (222,842 ) 10.03 Outstanding as of May 31, 2021 1,610,729 9.30 Number of warrants Weighted-average exercise price CAD # $ Outstanding, August 31, 2021 1,452,843 8.96 Expired (123,159 ) 9.24 Outstanding as of May 31, 2022 1,329,684 8.93
Schedule of warrants issued and outstanding	The following table reflects the liability measured warrants issued and outstanding as of May 31, 2022: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average Average remaining contractual life (years) December 20, 2022 29,066 27.00 0.56 March 20, 2023 27,777 13.50 0.80 March 30, 2023 46,909 13.50 0.83 March 31, 2023 17,222 13.50 0.83 May 27, 2023 130,304 13.50 0.99 July 8, 2024 445,982 7.50 2.11 July 25, 2024 401,624 7.50 2.15 August 8, 2024 230,800 7.50 2.19 1,329,684 $ 8.93 1.90 The following table reflects the equity measured warrants issued and outstanding as of May 31, 2022: Warrants outstanding Expiry date Number outstanding Average Average remaining contractual life (years) November 20, 2022 224,719 15.00 0.47 January 8, 2024 1,868,787 15.00 1.61 January 22, 2024 522,898 15.00 1.65 February 24, 2024 1,058,227 15.00 1.74 August 19, 2024 49,999 15.00 2.22 September 15, 2024 11,666 15.00 2.30 3,736,296 $ 15.00 1.59

Share capital (Tables)

Share capital (Tables)	9 Months Ended
	May 31, 2022
Schedule of shares issued and outstanding	Schedule of shares issued and outstanding Shares Consideration # $ Balance, August 31, 2020 7,746,136 69,380,807 Shares issued on vesting of RSUs 158,477 1,080,804 Convertible debt conversion 1,728,848 13,704,605 Common shares issued on private placement, net of costs 4,435,433 24,225,901 EB bonus shares 6,666 54,061 Shares for debt 40,000 226,556 Common shares issued on exercise of warrants 747,129 7,221,216 Balance, May 31, 2021 14,862,689 115,893,950 Shares Consideration # $ Balance, August 31, 2021 15,543,309 122,741,230 Shares issued on vesting of RSUs 115,574 926,759 Balance, May 31, 2022 15,658,883 123,667,989

Stock options (Tables)

Stock options (Tables)	9 Months Ended
	May 31, 2022
Stock Options
Schedule of detailed information about number and weighted average exercise prices of share options	The following tables reflect the stock options issued and outstanding as of May 31, 2022: Schedule of detailed information about number and weighted average exercise prices of share options Weighted-average Number of Exercise Grant-date Remaining # $ $ (yrs.) Balance, August 31, 2020 253,121 12.73 4.39 4.31 Granted 1,333 7.38 6.24 Expired/Cancelled (16,694 ) 20.90 8.56 Balance, May 31, 2021 237,760 12.13 4.40 3.30 Balance, August 31, 2021 692,938 11.64 7.06 4.46 Granted 28,750 5.42 2.44 Expired/Cancelled (204,236 ) 11.18 7.21 Balance, May 31, 2022 517,452 11.47 6.74 3.89 Exercisable as of May 31, 2022 186,706 11.38 4.42 2.14
Schedule of detailed information about options issued and outstanding	Schedule of detailed information about options issued and outstanding Expiry date Outstanding options CAD Weighted average exercise price USD Weighted average remaining contractual term (Years) June 30, 2022 4,428 153.45 118.15 0.08 April 1, 2023 47,499 11.25 7.91 0.84 October 31, 2023 64,997 11.25 7.91 1.42 January 29, 2025 46 106.50 76.43 2.67 August 25, 2025 340 106.50 76.43 3.24 September 23, 2025 11 106.50 76.43 3.32 February 10, 2026 1,434 106.50 76.43 3.70 May 19, 2026 4 106.50 76.43 3.97 May 23, 2026 9 106.50 76.43 3.98 June 24, 2026 240,826 15.04 12.21 4.07 July 1, 2026 10,000 14.87 12.00 4.09 July 2, 2026 48,984 15.08 12.21 4.09 August 20, 2026 20,000 7.78 6.05 4.22 March 3, 2027 1,256 106.50 76.43 4.76 July 31, 2027 133 106.50 76.43 5.17 November 3, 2027 133 106.50 76.43 5.43 November 7, 2029 36,586 7.50 5.38 7.44 December 2, 2030 1,333 9.50 7.38 8.51 June 14, 2031 10,683 14.20 11.69 9.04 November 23, 2031 10,000 12.45 9.82 9.49 December 31, 2026 3,750 3.87 3.05 4.59 January 31, 2027 15,000 3.90 3.07 4.67 517,452 14.70 11.47 3.89

Restricted share units (Tables)

Restricted share units (Tables)	9 Months Ended
	May 31, 2022
Restricted Share Units
Schedule of detailed information about restricted stock units outstanding	The Company’s outstanding RSUs are as follows: Schedule of detailed information about restricted stock units outstanding Number # Balance, August 31, 2020 402,372 Granted 330,896 Vested (158,477 ) Cancelled (11,855 ) Balance, May 31, 2021 562,936 Balance, August 31, 2021 490,174 Granted 100,626 Vested (115,574 ) Cancelled (61,097 ) Balance, May 31, 2022 414,129

Discontinued operations (Tables

Discontinued operations (Tables)	9 Months Ended
	May 31, 2022
UMG Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Schedule of discontinued operations	Results from the discontinued operations for UMG and the related cash flows are as follows: Schedule of discontinued operations May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Revenues Revenue 141,926 192,500 387,655 374,654 Operating expenses Salaries and wages 340,249 264,637 1,021,046 756,825 Consulting - - - - Professional fees 9,190 14,622 12,891 189,781 Sponsorships and tournaments 85,859 116,507 663,046 562,495 Advertising and promotion 4,480 2,760 20,723 3,369 Office and general 20,790 52,294 57,743 119,309 Technology expenses 10,776 33,150 73,123 93,106 Amortization and depreciation 34,983 136,122 275,592 378,530 Impairment expense 209,934 - 476,404 - Restructuring Costs - - 90,539 - Interest expense 4,225 (19,714 ) 13,722 29,970 (Gain) loss on foreign exchange 1,642 (2,710 ) 31,808 (15,400 ) Net income (loss) from discontinued operations (580,202 ) (405,168 ) (2,348,982 ) (1,743,331 )
Schedule of cash flow in discontinued operation	Schedule of cash flow in discontinued operation May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Net cash provided by (used in) operating activities 114,599 255,367 (149,397 ) 396,348 Disposal Net cash used in financing activities (21,852 ) (21,637 ) (65,125 ) (64,481 ) Change in cash 92,747 233,730 (214,522 ) 331,867 Cash, beginning of period (131,973 ) (78,844 ) 175,296 (176,981 ) Cash, end of period (39,226 ) 154,886 (39,226 ) 154,886
Eden Games SA [Member]
IfrsStatementLineItems [Line Items]
Schedule of discontinued operations	Results of discontinued operations for Eden and the related cash flows are as follows: Schedule of discontinued operations May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Revenues Revenue 434,508 1,416,371 4,759,711 2,604,799 Operating expenses Salaries and wages 329,126 855,367 2,113,180 2,637,904 Consulting 102,951 309,842 796,570 711,209 Office and general 80,029 150,497 265,125 389,361 Amortization and depreciation 1,360 111,554 224,349 1,329,588 Share-based payments 1 (42 ) (93 ) (1,097 ) Interest expense (16 ) 7,780 7,145 34,669 (Gain) loss on foreign exchange - (7,602 ) 39,350 (168,640 ) Net income (loss) from discontinued operations (78,943 ) (11,025 ) 1,314,085 (2,328,195 )
Schedule of cash flow in discontinued operation	Schedule of cash flow in discontinued operation May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Net cash provided by (used in) operating activities 396,544 140,150 509,166 432,035 Disposal of Eden (647,187 ) - (647,187 ) - Net cash used in financing activities (24,548 ) (57,045 ) (132,550 ) (225,353 ) Change in cash (275,191 ) 83,105 (270,571 ) 206,682 Cash, beginning of period 275,191 231,155 270,571 107,578 Cash, end of period - 314,260 - 314,260
Schedule of loss on disposal	Consideration transferred for the sale of Eden Games sales and the resulting gain on disposal was as follows: Schedule of loss on disposal Amount $ Consideration received or receivable: Cash consideration 15,357,803 Accounts payable assumed Deferred purchase consideration of LGR Fair value of contingent consideration Total disposal consideration 15,357,803 Carrying amount of net assets sold (577,106 ) Carrying amount attributable to non-controlling interests 208,598 Gain on disposal before income tax and reclassification of foreign currency translation reserve 14,989,295 Reclassification of foreign currency translation reserve 139,122 Gain on disposal of Eden Games 15,128,417
Schedule of net asset	The net assets of Eden Games (the disposal group) as of the date of sale were as follows: Schedule of net asset Amount $ Carrying amounts of assets as at the date of sale: Cash 647,187 Accounts and other receivables 586,309 Government remittances 566,331 Prepaid expenses and other 36,124 Right-of-use assets 16,036 Property and equipment 41,132 Intangible assets 296,235 Goodwill 345,150 Total assets of disposal group 2,534,504 Carrying amount of liabilities directly associated with assets as at the date of sale: Accounts payable 1,168,966 Accrued liabilities 750,388 Lease obligation, current 17,959 Long-term debt, current 20,085 Total liabilities of disposal group 1,957,398 Net assets of disposal group 577,106
Motorsports Group [Member]
IfrsStatementLineItems [Line Items]
Schedule of discontinued operations	Results of discontinued operations for the Motorsports Group and the related cash flows along with description of the transaction are as follows: Schedule of discontinued operations May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Revenues Revenue - - - 90,934 Operating expenses Salaries and wages - - - 212,546 Consulting - - - 267,933 Professional fees - - - 22,681 Sponsorships and tournaments - - - 203,637 Advertising and promotion - - - 1,740 Office and general - - - 7,374 Technology expenses - - - 86,590 Amortization and depreciation - - - 201,335 Interest expense - - - 572 (Gain) loss on foreign exchange 11,037 9,606 11,037 49,317 Net income (loss) from discontinued operations (11,037 ) (9,606 ) (11,037 ) (962,791 )
Schedule of cash flow in discontinued operation	Schedule of cash flow in discontinued operation May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Net cash provided by (used in) operating activities - - - (92,652 ) Disposal of Motorsports - - - 24,348 Disposal - - - 24,348 Change in cash - - - (68,304 ) Cash, beginning of period - - - 68,304 Cash, end of period - - - -
Schedule of loss on disposal	Consideration transferred for the Motorsport Group was as follows: Schedule of loss on disposal Amount $ Consideration received or receivable: Accounts payable assumed 101,322 Deferred purchase consideration of LGR 333,503 Fair value of contingent consideration 1,321,281 Total disposal consideration 1,756,106 Carrying amount of net assets sold (2,334,303 ) Loss on disposal before income tax and reclassification of foreign currency translation reserve (578,197 ) Reclassification of foreign currency translation reserve (100,734 ) Loss on disposal of Motorsports (678,931 )
Schedule of net asset	The net assets of the Motorsport Group as at the date of sale were as follows: Schedule of net asset Amount $ Carrying amounts of assets as at the date of sale: Cash and cash equivalents (24,348 ) Accounts and other receivables 126,590 Government remittances 25,095 Prepaid expenses and other 24,113 Property and equipment 47,416 Intangible assets 3,066,457 Total assets of disposal group 3,265,323 Carrying amount of liabilities directly associated with assets as at the date of sale: Accounts payable 508,881 Accrued liabilities 422,139 Total liabilities of disposal group 931,020 Net assets of disposal group 2,334,303

Segmented information (Tables)

Segmented information (Tables)	9 Months Ended
	May 31, 2022
Schedule of segment reporting	The following is an analysis of the Company’s revenue and results by reportable segment for the three months ended May 31, 2022: Schedule of segment reporting Three months ended Gaming Media Corporate Total $ $ $ $ Revenue External sales 549,430 8,692,048 - 9,241,478 Results Segment loss (1,723,122 ) (3,216,116 ) - (4,939,238 ) Central administration costs - - 2,025,194 2,025,194 Other gains and losses 12,152 1,382 (1,565,959 ) (1,552,425 ) Finance costs 44,937 277 183,134 228,348 Loss before tax (1,780,211 ) (3,217,775 ) (642,369 ) (5,640,355 ) Income tax - - - - Gain (Loss) for the year from: Share of net loss of associate Discontinued operations (463,980 ) - 14,922,215 14,458,235 Non-controlling interest in net loss - - 3,419 3,419 Net income (loss) (2,244,191 ) (3,217,775 ) 14,283,265 8,821,299 The following is an analysis of the Company’s revenue and results by reportable segment for the nine months ended May 31, 2022: Gaming Media Corporate Total $ $ $ $ Revenue External sales 1,331,151 29,177,011 - 30,508,162 Results Segment loss (6,175,613 ) (8,197,275 ) - (14,372,888 ) Central administration costs - - 7,599,740 7,599,740 Other gains and losses 1,621,582 36,929 (10,991,270 ) (9,332,759 ) Finance costs 63,268 979 577,538 641,785 Income (loss) before tax (7,860,463 ) (8,235,183 ) 2,813,992 (13,281,654 ) Income tax - - - - Gain (Loss) for the period from: Discontinued operations (647,595 ) - 14,730,078 14,082,483 Non-controlling interest in net loss - - (65,219 ) (65,219 ) Net income (loss) (8,508,058 ) (8,235,183 ) 17,478,851 735,610 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) The following is an analysis of the Company’s revenue and results by reportable segment for the three months ended May 31, 2021: Three months ended Gaming Media Corporate Total $ $ $ $ Revenue External sales 408,575 7,592,387 - 8,000,962 Results Segment loss (1,190,154 ) (2,057,830 ) - (3,247,984 ) Central administration costs - - 1,752,651 1,752,651 Other gains and losses 10,664 (329,730 ) (6,891,518 ) (7,210,584 ) Finance costs 8,251 125,470 76,034 209,755 Loss before tax (1,209,069 ) (1,853,570 ) 5,062,833 2,000,194 Income tax - - - - Gain (Loss) for the year from: Share of net loss of associate - - - - Discontinued operations (360,666 ) - (65,133 ) (425,799 ) Non-controlling interest in net loss - - (2,343 ) (2,343 ) Net income (loss) (1,569,735 ) (1,853,570 ) 4,995,357 1,572,052 The following is an analysis of the Company’s revenue and results by reportable segment for the nine months ended May 31, 2021: Gaming Media Corporate Total $ $ $ $ Revenue External sales 993,408 21,491,243 - 22,484,651 Results Segment loss (3,283,044 ) (5,682,782 ) - (8,965,826 ) Central administration costs - - 6,513,730 6,513,730 Other gains and losses 9,465 2,474,609 939,416 3,423,490 Finance costs 36,480 637,514 439,755 1,113,749 Loss before tax (3,328,989 ) (8,794,905 ) (7,892,901 ) (20,016,795 ) Income tax - - - - Gain (Loss) for the period from: Share of net loss of associate - - (103,930 ) (103,930 ) Discontinued operations (4,076,248 ) - (1,637,000 ) (5,713,248 ) Non-controlling interest in net loss - - 59,327 59,327 Net loss (7,405,237 ) (8,794,905 ) (9,574,504 ) (25,774,646 ) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Geographical breakdown North European Total $ $ $ August 31, 2021 Assets 64,943,049 2,519,798 67,462,847 Long-term assets 35,796,241 108,924 35,905,165 May 31, 2022 Assets 57,684,572 845,630 58,530,202 Long-term assets 30,400,404 5,624 30,406,028

Related party transactions an_2

Related party transactions and balances (Tables)	9 Months Ended
	May 31, 2022
Related Party Transactions And Balances
Schedule of compensation award to key management	Schedule of compensation award to key management May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 For the three months ended For the nine months ended May 31, 2022 May 31, 2021 May 31, 2022 May 31, 2021 $ $ $ $ Total compensation paid to key management 359,069 392,490 1,067,212 1,836,583 Share based payments 184,506 323,233 547,790 1,581,037

Financial instruments and ris_2

Financial instruments and risk management (Tables)	9 Months Ended
	May 31, 2022
Schedule of gross trade accounts receivable and allowance for doubtful accounts	The below table reflects the aging of the Company’s aging by invoice date of gross trade accounts receivable and allowance for doubtful accounts as of May 31, 2022: Schedule of gross trade accounts receivable and allowance for doubtful accounts Current 0 - 30 31 - 60 61 - 90 91+ Total Trade accounts receivable 5,968,664 436,116 274,434 264,102 1,892,735 8,836,051 Allowance for doubtful accounts - - - - 1,022,636 1,022,636 % Allowance 0 % 0 % 0 % 54 % 12 %
Schedule of funding available from operations and other sources	The Company’s policy is to seek to ensure adequate funding is available from operations and other sources, including debt and equity capital markets, as required. Schedule of funding available from operations and other sources < 1 year 1-2 years 2-5 years $ $ $ Accounts payable 11,982,749 - - Accrued liabilities 4,926,240 - - Players liability account 289,889 - - Lease obligation 158,501 245,076 - Promissory notes payable 806,204 - - Convertible debt 2,692,514 5,146,723 -
Schedule of fair value measurement	Fair value hierarchy levels 1 to 3 are based on the degree to which the fair value is observable. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Schedule of fair value measurement Carrying value at May 31, 2022 FVTPL - Amortized $ $ Financial assets: Cash - 13,695,279 Restricted cash - 289,889 Accounts and other receivables - 7,864,272 Government remittances - 861,442 Publisher advance - 2,351,435 Promissory notes receivable 1,558,319 - Investment at FVTPL 2,629,851 - Financial assets 4,188,170 25,062,317 Carrying value at May 31, 2022 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 11,982,749 Accrued liabilities - - 4,926,240 Players liability account - - 289,889 Arbitration reserve - 899,569 - Long-term debt - - - Promissory notes payable - - 806,204 Warrant liability 135,749 - - Convertible debt - 7,839,237 - Financial liabilities 135,749 8,738,806 18,005,082 Carrying value at August 31, 2021 FVTPL - Amortized $ $ Financial assets: Cash - 15,305,996 Restricted cash - 331,528 Accounts and other receivables - 8,646,807 Government remittances - 1,070,216 Publisher advance - 4,534,218 Promissory notes receivable - Investment at FVTPL 2,629,851 - Financial assets 2,629,851 29,888,765 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Interim Condensed Consolidated Financial Statements For the three and nine months ended May 31, 2022 and 2021 (Unaudited) (Expressed in United States Dollars) Carrying value at August 31, 2021 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 10,403,665 Accrued liabilities - - 5,722,470 Players liability account - - 331,528 Arbitration reserve - 6,468,330 - Long-term debt - - 96,664 Promissory notes payable - - 821,948 Warrant liability 4,868,703 - - Convertible debt - 9,951,496 - Financial liabilities 4,868,703 16,419,826 17,376,275
Schedule of hierarchy levels of fair value	A summary of instruments, with their classification in the fair value hierarchy is as follows: Schedule of hierarchy levels of fair value Level 1 Level 2 Level 3 Fair value as $ $ $ $ Arbitration reserve 899,569 - - 899,569 Warrant liability - 135,749 - 135,749 Convertible debt - - 7,839,237 7,839,237 Promissory notes receivable - - 1,558,319 1,558,319 Investment at FVTPL - - 2,629,851 2,629,851 Level 1 Level 2 Level 3 Fair value as $ $ $ $ Arbitration reserve 6,468,330 - - 6,468,330 Warrant liability - 4,868,703 - 4,868,703 Convertible debt - - 9,951,496 9,951,496 Promissory notes receivable - - - - Investment at FVTPL - - 2,629,851 2,629,851

Corporate information and goi_2

Corporate information and going concern (Details Narrative) - USD ($)	May 31, 2022	Aug. 31, 2021
Corporate Information And Going Concern
Retained earnings	$ 112,079,363	$ 112,814,973

Schedule of material subsidiari

Schedule of material subsidiaries (Details)	9 Months Ended
	May 31, 2022
Frankly Inc [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary	Frankly Inc.
Country of incorporation	Canada
Proportion of ownership interest in subsidiary	100%
Functional currency	Canadian Dollar
UMG Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary	UMG Media Ltd.
Country of incorporation	Canada
Proportion of ownership interest in subsidiary	100%
Functional currency	Canadian Dollar
Stream Hatchet SL [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary	Stream Hatchet S.L.
Country of incorporation	Spain
Proportion of ownership interest in subsidiary	100%
Functional currency	Euro
Side Qik Inc [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary	SideQik, Inc.
Country of incorporation	USA
Proportion of ownership interest in subsidiary	100%
Functional currency	US Dollar
Win View Inc [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary	WinView, Inc.
Country of incorporation	USA
Proportion of ownership interest in subsidiary	100%
Functional currency	US Dollar

Net income (loss) per share (De

Net income (loss) per share (Details Narrative) - shares	3 Months Ended		9 Months Ended
	May 31, 2022	May 31, 2021	May 31, 2022	May 31, 2021
IfrsStatementLineItems [Line Items]
Weighted average number of ordinary shares used in calculating basic earnings per share	15,653,419	14,402,785	15,618,068	10,748,434
Weighted average number of ordinary shares used in calculating diluted earnings per share	16,983,103	17,120,843	18,055,081	12,359,163
Equity attributable to owners of parent [member]
IfrsStatementLineItems [Line Items]
Weighted average number of ordinary shares used in calculating basic earnings per share	15,653,419	14,402,785	15,618,068	10,748,434
Weighted average number of ordinary shares used in calculating diluted earnings per share	16,983,103	17,120,843	18,055,081	12,359,163

Schedule of accounts and other

Schedule of accounts and other receivables (Details) - USD ($)	May 31, 2022	Aug. 31, 2021	May 31, 2021	Aug. 31, 2020
Trade accounts receivable	$ 8,836,051	$ 9,677,725
Other receivables	50,857	53,387
Allowance for doubtful accounts	(1,022,636)	(1,084,305)	$ (943,534)	$ (874,438)
Total accounts and other receivables	$ 7,864,272	$ 8,646,807

Schedule of allowance for doubt

Schedule of allowance for doubtful accounts (Details) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021
Balance, August 31,	$ (1,084,305)	$ (874,438)
Provision, bad debt expense		(72,636)
Write-offs	61,669	3,540
Balance, May 31,	$ (1,022,636)	$ (943,534)

Accounts, other receivables, _3

Accounts, other receivables, and publisher advance (Details Narrative) - USD ($)	9 Months Ended
	May 31, 2022	Mar. 31, 2021	Feb. 28, 2021	Feb. 07, 2021
IfrsStatementLineItems [Line Items]
Advance amount receivable	$ 2,351,435			$ 6,000,000
Publisher advance amount	6,000,000
Repayments on advance deducted from payables to customer	$ 3,648,565
Frankly Media LLC [Member]
IfrsStatementLineItems [Line Items]
Advance amount receivable		$ 1,000,000	$ 1,000,000	$ 4,000,000

Schedule of detailed informatio

Schedule of detailed information about property plant and equipment (Details) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021	Aug. 31, 2021
IfrsStatementLineItems [Line Items]
August 31, 2021	$ 995,502	$ 881,084
Additions	72,183	107,464
Impairment	(153,193)
Disposal, cost		(9,767)
Held for sale - UMG	(262,357)
Foreign exchange	(32,976)	12,452
May 31, 2022	244,852	922,839
August 31, 2021	591,691	471,695
Depreciation	116,795	101,718
Held for sale - UMG	(175,571)
Foreign exchange	(29,396)	10,142
May 31, 2022	170,344	562,577
May 31, 2022	74,508		$ 403,811
Motorsports [Member]
IfrsStatementLineItems [Line Items]
Disposal, cost		(68,394)
Disposal, accumulated depreciation		(20,978)
Eden Games [Member]
IfrsStatementLineItems [Line Items]
Disposal, cost	(374,307)
Disposal, accumulated depreciation	(333,175)
Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
August 31, 2021	218,851	221,653
Additions
Impairment	(153,193)
Disposal, cost
Held for sale - UMG
Foreign exchange	1,011	132
May 31, 2022	59,262	219,154
August 31, 2021	63,367	57,517
Depreciation	5,507	4,082
Held for sale - UMG
Foreign exchange	(668)	183
May 31, 2022	61,004	61,782
May 31, 2022	0		155,484
Leasehold improvements [member] | Motorsports [Member]
IfrsStatementLineItems [Line Items]
Disposal, cost		(2,631)
Disposal, accumulated depreciation
Leasehold improvements [member] | Eden Games [Member]
IfrsStatementLineItems [Line Items]
Disposal, cost	(7,407)
Disposal, accumulated depreciation	(7,202)
Computer equipment [member]
IfrsStatementLineItems [Line Items]
August 31, 2021	603,607	486,340
Additions	70,632	89,561
Impairment
Disposal, cost		(9,767)
Held for sale - UMG	(227,179)
Foreign exchange	(29,472)	11,518
May 31, 2022	103,148	530,007
August 31, 2021	406,231	307,508
Depreciation	94,518	78,421
Held for sale - UMG	(133,957)
Foreign exchange	(24,728)	9,161
May 31, 2022	63,495	384,022
May 31, 2022	39,653		197,376
Computer equipment [member] | Motorsports [Member]
IfrsStatementLineItems [Line Items]
Disposal, cost		(47,645)
Disposal, accumulated depreciation		(11,068)
Computer equipment [member] | Eden Games [Member]
IfrsStatementLineItems [Line Items]
Disposal, cost	(314,440)
Disposal, accumulated depreciation	(278,569)
Furniture And Fixture [Member]
IfrsStatementLineItems [Line Items]
August 31, 2021	173,044	173,091
Additions	1,551	17,903
Impairment
Disposal, cost
Held for sale - UMG	(35,178)
Foreign exchange	(4,515)	802
May 31, 2022	82,442	173,678
August 31, 2021	122,093	106,670
Depreciation	16,770	19,215
Held for sale - UMG	(41,614)
Foreign exchange	(4,000)	798
May 31, 2022	45,845	116,773
May 31, 2022	36,597		$ 50,951
Furniture And Fixture [Member] | Motorsports [Member]
IfrsStatementLineItems [Line Items]
Disposal, cost		(18,118)
Disposal, accumulated depreciation		$ (9,910)
Furniture And Fixture [Member] | Eden Games [Member]
IfrsStatementLineItems [Line Items]
Disposal, cost	(52,460)
Disposal, accumulated depreciation	$ (47,404)

Schedule of detailed informat_2

Schedule of detailed information about goodwill (Details) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021
Balance, August 31,	$ 18,495,121	$ 18,785,807
Disposal of Eden Games	(345,150)
Effect of foreign exchange	(49,590)	42,055
Balance, May 31,	$ 18,100,381	$ 18,827,862

Schedule of detailed informat_3

Schedule of detailed information about intangible assets (Details) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021
IfrsStatementLineItems [Line Items]
Intangible assets, Cost, Beginning balance	$ 24,595,742	$ 27,499,471
Disposal of Motorsports		(4,023,146)
Impairment	(113,277)
Disposal of Eden Games	(6,637,461)
Held for Sale - UMG	(740,767)
Foreign exchange	(401,562)	607,127
Intangible assets, Cost, Ending balance	16,702,675	24,083,452
Intangible assets, Accumulated amortization, Beginning balance	12,113,498	8,057,149
Amortization	2,611,794	3,894,219
Disposal of Motorsports		(956,689)
Disposal of Eden Games	(6,341,226)
Held for Sale - UMG	(740,767)
Foreign exchange	(380,074)	424,993
Intangible assets, Accumulated amortization, Ending balance	7,263,225	11,419,672
Net book value, Beginning balance	12,482,244
Net book value, Ending balance	9,439,450
Patent [Member]
IfrsStatementLineItems [Line Items]
Intangible assets, Cost, Beginning balance	9,430,265	9,430,265
Disposal of Motorsports
Impairment
Disposal of Eden Games
Held for Sale - UMG
Foreign exchange
Intangible assets, Cost, Ending balance	9,430,265	9,430,265
Intangible assets, Accumulated amortization, Beginning balance	2,514,737	628,684
Amortization	1,414,540	1,414,540
Disposal of Motorsports
Disposal of Eden Games
Held for Sale - UMG
Foreign exchange
Intangible assets, Accumulated amortization, Ending balance	3,929,277	2,043,224
Net book value, Beginning balance	6,915,528
Net book value, Ending balance	5,500,988
Application Platforms [Member]
IfrsStatementLineItems [Line Items]
Intangible assets, Cost, Beginning balance	1,073,045	1,322,802
Disposal of Motorsports
Impairment	(50,602)
Disposal of Eden Games	(269,098)
Held for Sale - UMG	(242,667)
Foreign exchange	(14,450)	26,660
Intangible assets, Cost, Ending balance	496,228	1,349,462
Intangible assets, Accumulated amortization, Beginning balance	966,444	793,041
Amortization	56,000	131,944
Disposal of Motorsports
Disposal of Eden Games	(269,098)
Held for Sale - UMG	(242,667)
Foreign exchange	(14,451)	23,145
Intangible assets, Accumulated amortization, Ending balance	496,228	948,130
Net book value, Beginning balance	106,601
Net book value, Ending balance
Computer software [member]
IfrsStatementLineItems [Line Items]
Intangible assets, Cost, Beginning balance	8,330,683	10,763,975
Disposal of Motorsports		(3,598,869)
Impairment
Disposal of Eden Games	(4,709,219)
Held for Sale - UMG
Foreign exchange	(285,842)	437,252
Intangible assets, Cost, Ending balance	3,335,622	7,602,358
Intangible assets, Accumulated amortization, Beginning balance	6,340,302	4,909,000
Amortization	636,504	1,538,835
Disposal of Motorsports		(532,412)
Disposal of Eden Games	(4,709,219)
Held for Sale - UMG
Foreign exchange	(285,842)	409,553
Intangible assets, Accumulated amortization, Ending balance	1,981,745	6,324,976
Net book value, Beginning balance	1,990,381
Net book value, Ending balance	1,353,877
Brand [Member]
IfrsStatementLineItems [Line Items]
Intangible assets, Cost, Beginning balance	2,137,449	2,310,475
Disposal of Motorsports		(201,627)
Impairment	(62,675)
Disposal of Eden Games	(1,390,134)
Held for Sale - UMG	(184,167)
Foreign exchange	(82,040)	134,524
Intangible assets, Cost, Ending balance	418,433	2,243,372
Intangible assets, Accumulated amortization, Beginning balance	1,375,647	1,077,491
Amortization	204,663	363,583
Disposal of Motorsports		(201,627)
Disposal of Eden Games	(1,112,108)
Held for Sale - UMG	(184,167)
Foreign exchange	(61,977)	69,613
Intangible assets, Accumulated amortization, Ending balance	222,058	1,309,060
Net book value, Beginning balance	761,802
Net book value, Ending balance	196,375
Customer Lists And Contracts [Member]
IfrsStatementLineItems [Line Items]
Intangible assets, Cost, Beginning balance	3,624,300	3,671,954
Disposal of Motorsports		(222,650)
Impairment
Disposal of Eden Games	(269,010)
Held for Sale - UMG	(313,933)
Foreign exchange	(19,230)	8,691
Intangible assets, Cost, Ending balance	3,022,127	3,457,995
Intangible assets, Accumulated amortization, Beginning balance	916,368	648,933
Amortization	300,087	445,317
Disposal of Motorsports		(222,650)
Disposal of Eden Games	(250,801)
Held for Sale - UMG	(313,933)
Foreign exchange	(17,804)	(77,318)
Intangible assets, Accumulated amortization, Ending balance	633,917	$ 794,282
Net book value, Beginning balance	2,707,932
Net book value, Ending balance	$ 2,388,210

Investment at FVTPL (Details Na

Investment at FVTPL (Details Narrative) - USD ($)		3 Months Ended		9 Months Ended
	Jan. 05, 2021	May 31, 2022	May 31, 2021	May 31, 2022	May 31, 2021	Aug. 31, 2021	Aug. 25, 2020
IfrsStatementLineItems [Line Items]
[custom:GainOnRetainedInterestInFormerAssociate]					$ (99,961)
Fair value of investment		$ 2,629,851		$ 2,629,851		$ 2,629,851
One Up Group LLC [Member]
IfrsStatementLineItems [Line Items]
Percentage of voting equity interests acquired	18.62%						20.48%
Share of loss	$ 103,930
[custom:GainOnRetainedInterestInFormerAssociate]	$ 99,961

Schedule of detailed informat_4

Schedule of detailed information about right-of-use assets (Details) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021
Balance, beginning of year	$ 557,022	$ 550,478
Acquired
Depreciation	(166,004)	(143,940)
Impairment	(209,934)
Held for sale - Eden Games	(16,036)
Effect of foreign exchange	(3,210)	2,532
Balance, ending of year	$ 161,838	$ 409,070

Schedule of detailed informat_5

Schedule of detailed information about continuity of the lease liabilities (Details) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021	Aug. 31, 2021
IfrsStatementLineItems [Line Items]
Lease liabilities, Beginning balance	$ 587,551	$ 572,148
Acquired
Disposal of Eden Games	(17,959)
Interest expense	21,886	26,392
Payments	(184,377)	(164,410)
Effect of foreign exchange	(3,524)	2,708
Lease liabilities, Ending balance	403,577	436,838
Current lease liabilities	158,501	190,445	$ 222,583
Greater than one year	245,076	246,393	364,968
Total lease obligation	403,577	436,838	587,551
Equipments [Member]
IfrsStatementLineItems [Line Items]
Lease liabilities, Beginning balance	24,048	35,457
Acquired
Disposal of Eden Games
Interest expense	979	1,548
Payments	(10,035)	(10,035)
Effect of foreign exchange
Lease liabilities, Ending balance	14,992	26,970
Current lease liabilities	12,781	11,977
Greater than one year	2,211	14,993
Total lease obligation	14,992	26,970	24,048
Office Lease [Member]
IfrsStatementLineItems [Line Items]
Lease liabilities, Beginning balance	563,503	536,691
Acquired
Disposal of Eden Games	(17,959)
Interest expense	20,907	24,844
Payments	(174,342)	(154,375)
Effect of foreign exchange	(3,524)	2,708
Lease liabilities, Ending balance	388,585	409,868
Current lease liabilities	145,720	178,468
Greater than one year	242,865	231,400
Total lease obligation	$ 388,585	$ 409,868	$ 563,503

Schedule of detailed informat_6

Schedule of detailed information about future minimum undiscounted lease payments (Details)	May 31, 2022 USD ($)
IfrsStatementLineItems [Line Items]
Less than one year	$ 176,844
Greater than one year	256,471
Total undiscounted lease obligation	433,315
Equipments [Member]
IfrsStatementLineItems [Line Items]
Less than one year	13,380
Greater than one year	2,230
Total undiscounted lease obligation	15,610
Office Lease [Member]
IfrsStatementLineItems [Line Items]
Less than one year	163,464
Greater than one year	254,241
Total undiscounted lease obligation	$ 417,705

Promissory notes payable and _2

Promissory notes payable and other borrowings (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	May 31, 2020	Apr. 30, 2020	May 31, 2022	May 31, 2021	May 31, 2022	May 31, 2021	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Interest expense			$ 228,348	$ 209,755	$ 641,785	$ 1,113,749
Unsecured Promissory Note [Member]
IfrsStatementLineItems [Line Items]
Principal amount			$ 200,000		$ 200,000		$ 200,000
Interest rate			18%		18%
Interest expense					$ 170,914		139,644
Secured Promissory Note [Member] | Win View Inc [Member]
IfrsStatementLineItems [Line Items]
Principal amount			$ 435,290		$ 435,290		$ 482,304
Interest rate			6%		6%
Paycheck Protection Program Loans [Member]
IfrsStatementLineItems [Line Items]
Principal amount			$ 209,875		$ 209,875
Interest rate	1%	1%
Proceeds from debt	$ 1,589,559	$ 1,589,559			$ 1,589,559			$ 1,589,559
Maturity					the Notes are scheduled to mature in April 2022 and require 18 equal monthly payments of principal and interest beginning November 2020.

Schedule of detailed informat_7

Schedule of detailed information about continuity of convertible debt (Details) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021
IfrsStatementLineItems [Line Items]
Convertible debt obligation beginning balance	$ 9,951,496	$ 10,793,459
Issuances		4,282,477
Exchange of EB Loan for Amended EB Loan		5,043,103
Exchange of Amended EB Loan for EB CD		2,462,209
Conversion - common shares issued		(13,704,605)
Conversion - warrants issued		(5,359,775)
Interest expense	544,534	658,808
Accrued interest on conversion / interest payments	(500,000)	(607,547)
Effect of foreign exchange	(9,659)	180,830
Change in fair value	(2,147,134)	7,172,533
Convertible debt obligation ending balance	7,839,237	10,921,492
Current borrowings	2,692,514
Greater than one year	5,146,723
2019 Series Convertible Debenture [Member]
IfrsStatementLineItems [Line Items]
Convertible debt obligation beginning balance	914,428	2,121,869
Issuances
Exchange of EB Loan for Amended EB Loan
Exchange of Amended EB Loan for EB CD
Conversion - common shares issued		(1,500,214)
Conversion - warrants issued		(1,103,661)
Interest expense	19,945	47,325
Accrued interest on conversion / interest payments		(101,247)
Effect of foreign exchange	(9,659)	180,830
Change in fair value	(405,571)	1,486,061
Convertible debt obligation ending balance	519,143	1,130,963
Current borrowings	519,143
Greater than one year
2020 Series Convertible Debenture [Member]
IfrsStatementLineItems [Line Items]
Convertible debt obligation beginning balance	2,097,127	8,671,590
Issuances		4,282,477
Exchange of EB Loan for Amended EB Loan
Exchange of Amended EB Loan for EB CD
Conversion - common shares issued		(12,204,391)
Conversion - warrants issued		(4,256,114)
Interest expense	149,589	347,773
Accrued interest on conversion / interest payments		(256,300)
Effect of foreign exchange
Change in fair value	(73,345)	5,634,688
Convertible debt obligation ending balance	2,173,371	2,219,723
Current borrowings	2,173,371
Greater than one year
Amended EB Loan [Member]
IfrsStatementLineItems [Line Items]
Convertible debt obligation beginning balance
Issuances
Exchange of EB Loan for Amended EB Loan		5,043,103
Exchange of Amended EB Loan for EB CD		(4,931,813)
Conversion - common shares issued
Conversion - warrants issued
Interest expense		138,710
Accrued interest on conversion / interest payments		(250,000)
Effect of foreign exchange
Change in fair value
Convertible debt obligation ending balance
EB CD [Member]
IfrsStatementLineItems [Line Items]
Convertible debt obligation beginning balance	6,939,941
Issuances
Exchange of EB Loan for Amended EB Loan
Exchange of Amended EB Loan for EB CD		7,394,022
Conversion - common shares issued
Conversion - warrants issued
Interest expense	375,000	125,000
Accrued interest on conversion / interest payments	(500,000)
Effect of foreign exchange
Change in fair value	(1,668,218)	51,784
Convertible debt obligation ending balance	5,146,723	$ 7,570,806
Current borrowings
Greater than one year	$ 5,146,723

Schedule of detailed informat_8

Schedule of detailed information about fair value assumptions of convertible debentures (Details)	9 Months Ended		12 Months Ended
	May 31, 2022 $ / shares	May 31, 2022 $ / shares $ / shares	Aug. 31, 2021 $ / shares	Aug. 31, 2021 $ / shares $ / shares	May 31, 2022 $ / shares	Aug. 31, 2021 $ / shares
IfrsStatementLineItems [Line Items]
Share price | (per share)	$ 0.93	$ 1.18	$ 6.66	$ 8.42
2019 Series [Member]
IfrsStatementLineItems [Line Items]
Share price		$ 1.18		$ 8.42
Conversion price					$ 7.50	$ 7.50
Warrant exercise price					$ 7.50	$ 7.50
Interest rate	0.06	0.06	0.06	0.06	0.06	0.06
Expected volatility	0.9500	0.9500	0.9000	0.9000
Exchange rate	0.7875%	0.7875%	0.7947%	0.7947%
Expected dividend yield	0%	0%	0%	0%
2019 Series [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Terms, in years	1 month 6 days	1 month 6 days	10 months 6 days	10 months 6 days
Risk-free interest rate	1.05%	1.05%	0.25%	0.25%
2019 Series [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Terms, in years	2 months 8 days	2 months 8 days	11 months 8 days	11 months 8 days
Risk-free interest rate	1.29%	1.29%	0.26%	0.26%
2020 Series [Member]
IfrsStatementLineItems [Line Items]
Share price	$ 0.93		$ 6.66
Conversion price	8.90	$ 8.90	8.90	$ 8.90
Warrant exercise price
Terms, in years	5 months 19 days	5 months 19 days	1 year 3 months 3 days	1 year 3 months 3 days
Interest rate	0.10	0.10	0.10	0.10	0.10	0.10
Expected volatility	0.9500	0.9500	0.9000	0.9000
Risk-free interest rate	1.58%	1.58%	0.10%	0.10%
Expected dividend yield	0%	0%	0%	0%
EB CD [Member]
IfrsStatementLineItems [Line Items]
Share price	$ 0.93		$ 6.66
Conversion price	10.25	$ 10.25	10.25	$ 10.25
Warrant exercise price	$ 15	$ 15	$ 15	$ 15
Terms, in years	1 year 8 months 26 days	1 year 8 months 26 days	1 year 3 months 3 days	1 year 3 months 3 days
Interest rate	0.10	0.10	0.10	0.10	0.10	0.10
Expected volatility	0.9000	0.9000	0.9000	0.9000
Risk-free interest rate	2.40%	2.40%	0.30%	0.30%
Expected dividend yield	0%	0%	0%	0%

Schedule of key inputs of conve

Schedule of key inputs of convertible debt (Details)	9 Months Ended		12 Months Ended
	May 31, 2022 $ / shares	May 31, 2022 $ / shares	Aug. 31, 2021 $ / shares	Aug. 31, 2021 $ / shares
IfrsStatementLineItems [Line Items]
Share price | (per share)	$ 0.93	$ 1.18	$ 6.66	$ 8.42
Convertible [Member]
IfrsStatementLineItems [Line Items]
Expected dividend yield	0%	0%	0%	0%
Discount for lack of marketability	0%	0%	0%	0%
Convertible [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate	1.05%	1.05%	0.10%	0.10%
Credit spread	7.07%	7.07%	1.14%	1.14%
Convertible [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate	2.40%	2.40%	0.30%	0.30%
Credit spread	8.73%	8.73%	8.45%	8.45%

Convertible debt (Details Narra

Convertible debt (Details Narrative) - USD ($)			1 Months Ended		9 Months Ended
	Feb. 24, 2021	Dec. 19, 2020	Nov. 30, 2020	Sep. 30, 2020	May 31, 2022	May 31, 2021
IfrsStatementLineItems [Line Items]
Convertible debt						$ 1,103,661
2020 Debentures [Member]
IfrsStatementLineItems [Line Items]
Maturity term					mature twenty-four (24) months
Interest rate					5%
Interest rate, description		The interest rate under the 2020 Series debentures will increase from 5% to 10% per annum on a prospective basis on December 19, 2020
Conversion price		$ 7.50			$ 11.25
Discount on offering price		15%
Warrant exercise price		$ 15
Trading price		$ 30
Public offering aggregate amount		$ 30,000,000
2020 Debentures [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Interest rate		5%
2020 Debentures [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Interest rate		10%
2020 Series - One Up Debentures [Member]
IfrsStatementLineItems [Line Items]
Conversion price					$ 9.50
Fair value of convertible debentures					$ 3,078,550
2020 Series - One Up Debentures [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Conversion price					$ 7.50
2020 Series - Standby Debenture [Member]
IfrsStatementLineItems [Line Items]
Conversion price				$ 8.90
Fair value of convertible debentures				$ 8,000,000
2020 Series - Standby Debenture [Member] | Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrant exercise price			$ 15
Warrants issued					224,719
Warrants value			$ 2,000,000
Warrant exercisable period			2 years
Proceeds from convertible debt					$ 2,000,000
Convertible debt					1,381,084
Remaining of convertible debentures					6,000,000
2020 Series - Standby Debenture [Member] | Debt Convertible [Member]
IfrsStatementLineItems [Line Items]
Convertible debt					$ 618,916
2020 Series - Standby Debenture [Member] | Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrants issued			224,719
2020 Series - Standby Debenture [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Conversion price				$ 7.50
Amended EB Loan [Member] | Lender [Member]
IfrsStatementLineItems [Line Items]
Conversion price	$ 10.25
Warrant exercise price	$ 15
Warrant exercisable period	3 years
Proceeds from convertible debt	$ 5,000,000

Schedule of measured warrants (

Schedule of measured warrants (Details) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021
Warrant Liability
Beginning Balance	$ 4,868,703	$ 14,135,321
Issued on conversion of convertible debt		1,103,661
Exercised		(1,271,947)
Change in fair value	(4,667,583)	(7,071,518)
Foreign exchange	(65,371)	1,129,258
Ending Balance	$ 135,749	$ 8,024,775

Schedule of outstanding warrant

Schedule of outstanding warrants (Details) - Liability Warrants [Member]	9 Months Ended
	May 31, 2022 shares $ / shares	May 31, 2021 shares $ / shares
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding, beginning balance | shares	1,452,843	2,405,369
Weighted average exercise price, outstanding, beginning balance | $ / shares	$ 8.96	$ 9.60
Number of warrants, Issued on conversion of convertible debt | shares		175,331
Weighted average exercise price, Issued on conversion of convertible debt | $ / shares		$ 7.50
Number of warrants, Exercised | shares		(747,129)
Weighted average exercise price, Exercised | $ / shares		$ 9.64
Number of warrants, Expired | shares	(123,159)	(222,842)
Weighted average exercise price, Expired | $ / shares	$ 9.24	$ 10.03
Number of warrants, outstanding, ending balance | shares	1,329,684	1,610,729
Weighted average exercise price, outstanding, ending balance | $ / shares	$ 8.93	$ 9.30

Schedule of warrants issued and

Schedule of warrants issued and outstanding (Details)	9 Months Ended
	May 31, 2022 shares $ / shares	May 31, 2022 shares $ / shares	Aug. 31, 2021 shares $ / shares	May 31, 2021 shares $ / shares	Aug. 31, 2020 shares $ / shares
Liability Warrants [Member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding | shares	1,329,684	1,329,684	1,452,843	1,610,729	2,405,369
Warrants outstanding, Average exercise price | $ / shares		$ 8.93	$ 8.96	$ 9.30	$ 9.60
Warrants outstanding, Average remaining contractual life	1 year 10 months 24 days
Equity Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrants outstanding, Average remaining contractual life	1 year 7 months 2 days
Warrant One [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Dec. 20, 2022
Number of warrants, outstanding | shares	29,066	29,066
Warrants outstanding, Average exercise price | $ / shares		$ 27
Warrants outstanding, Average remaining contractual life	6 months 21 days
Warrant Two [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Mar. 20, 2023
Number of warrants, outstanding | shares	27,777	27,777
Warrants outstanding, Average exercise price | $ / shares		$ 13.50
Warrants outstanding, Average remaining contractual life	9 months 18 days
Warrant Three [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Mar. 30, 2023
Number of warrants, outstanding | shares	46,909	46,909
Warrants outstanding, Average exercise price | $ / shares		$ 13.50
Warrants outstanding, Average remaining contractual life	9 months 29 days
Warrant Four [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Mar. 31, 2023
Number of warrants, outstanding | shares	17,222	17,222
Warrants outstanding, Average exercise price | $ / shares		$ 13.50
Warrants outstanding, Average remaining contractual life	9 months 29 days
Warrant Five [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	May 27, 2023
Number of warrants, outstanding | shares	130,304	130,304
Warrants outstanding, Average exercise price | $ / shares		$ 13.50
Warrants outstanding, Average remaining contractual life	11 months 26 days
Warrant Six [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Jul. 08, 2024
Number of warrants, outstanding | shares	445,982	445,982
Warrants outstanding, Average exercise price | $ / shares		$ 7.50
Warrants outstanding, Average remaining contractual life	2 years 1 month 9 days
Warrant Seven [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Jul. 25, 2024
Number of warrants, outstanding | shares	401,624	401,624
Warrants outstanding, Average exercise price | $ / shares		$ 7.50
Warrants outstanding, Average remaining contractual life	2 years 1 month 24 days
Warrant Eight [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Aug. 08, 2024
Number of warrants, outstanding | shares	230,800	230,800
Warrants outstanding, Average exercise price | $ / shares		$ 7.50
Warrants outstanding, Average remaining contractual life	2 years 2 months 8 days
Equity Warrant One [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Nov. 20, 2022
Number of warrants, outstanding | shares	224,719	224,719
Warrants outstanding, Average exercise price | $ / shares	$ 15
Warrants outstanding, Average remaining contractual life	5 months 19 days
Equity Warrant Two [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Jan. 08, 2024
Number of warrants, outstanding | shares	1,868,787	1,868,787
Warrants outstanding, Average exercise price | $ / shares	$ 15
Warrants outstanding, Average remaining contractual life	1 year 7 months 9 days
Equity Warrant Three [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Jan. 22, 2024
Number of warrants, outstanding | shares	522,898	522,898
Warrants outstanding, Average exercise price | $ / shares	$ 15
Warrants outstanding, Average remaining contractual life	1 year 7 months 24 days
Equity Warrant Four [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Feb. 24, 2024
Number of warrants, outstanding | shares	1,058,227	1,058,227
Warrants outstanding, Average exercise price | $ / shares	$ 15
Warrants outstanding, Average remaining contractual life	1 year 8 months 26 days
Equity Warrant Five [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Aug. 19, 2024
Number of warrants, outstanding | shares	49,999	49,999
Warrants outstanding, Average exercise price | $ / shares	$ 15
Warrants outstanding, Average remaining contractual life	2 years 2 months 19 days
Equity Warrant Six [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Sep. 15, 2024
Number of warrants, outstanding | shares	11,666	11,666
Warrants outstanding, Average exercise price | $ / shares	$ 15
Warrants outstanding, Average remaining contractual life	2 years 3 months 18 days
Equity Warrants [Member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding | shares	3,736,296	3,736,296	3,736,296
Warrants outstanding, Average exercise price | $ / shares	$ 15

Warrant liability (Details Narr

Warrant liability (Details Narrative)	9 Months Ended		12 Months Ended
	May 31, 2022 USD ($) shares $ / shares	May 31, 2022 USD ($) shares $ / shares $ / shares	Aug. 31, 2021 USD ($) shares $ / shares	May 31, 2022 $ / shares	Aug. 31, 2021 $ / shares	May 31, 2021 USD ($) shares	May 31, 2021 $ / shares	Aug. 31, 2020 USD ($) shares	Aug. 31, 2020 $ / shares
IfrsStatementLineItems [Line Items]
Fair value of warrants | $	$ 135,749	$ 135,749	$ 4,868,703			$ 8,024,775		$ 14,135,321
Equity Warrants [Member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding | shares	3,736,296	3,736,296	3,736,296
Warrants outstanding, Average exercise price	$ 15	$ 15
Proceeds from exercise of warrant | $	$ 56,000,000
Liability Warrants [Member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding | shares	1,329,684	1,329,684	1,452,843			1,610,729		2,405,369
Fair value of warrants | $	$ 135,749	$ 135,749	$ 4,868,703
Share price		$ 1.18	$ 8.42
Expected volatility	95%
Expected dividend yield	0%
Warrants outstanding, Average exercise price				$ 8.93	$ 8.96		$ 9.30		$ 9.60
Liability Warrants [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected average life	6 months 21 days		6 months 10 days
Exercise price		7.50	$ 7.50
Expected volatility			70%
Risk free interest rate	2.57%		0.28%
Liability Warrants [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Expected average life	2 years 2 months 8 days		2 years 11 months 8 days
Exercise price		$ 27	$ 27
Expected volatility			90%
Risk free interest rate	2.64%		0.63%

Schedule of shares issued and o

Schedule of shares issued and outstanding (Details) - USD ($)	9 Months Ended
	May 31, 2022	May 31, 2021
IfrsStatementLineItems [Line Items]
Balance	$ 25,565,544	$ 263,292
Shares issued on vesting of RSUs		180,000
Convertible debt conversion		17,960,719
Common shares issued on private placement, net of costs		31,017,374
Shares for debt		226,556
Common shares issued on exercise of warrants		7,221,216
Balance	$ 29,835,335	$ 32,718,950
Issued capital [member]
IfrsStatementLineItems [Line Items]
Balance, shares	15,543,309	7,746,136
Balance	$ 122,741,230	$ 69,380,807
Shares issued on vesting of RSUs, shares	115,574	158,477
Shares issued on vesting of RSUs	$ 926,759	$ 1,080,804
Convertible debt conversion, shares		1,728,848
Convertible debt conversion		$ 13,704,605
Common shares issued on private placement, net of costs, shares		4,435,433
Common shares issued on private placement, net of costs		$ 24,225,901
EB bonus shares, shares		6,666
EB bonus shares		$ 54,061
Shares for debt, shares		40,000
Shares for debt		$ 226,556
Common shares issued on exercise of warrants, shares		747,129
Common shares issued on exercise of warrants		$ 7,221,216
Balance, shares	15,658,883	14,862,689
Balance	$ 123,667,989	$ 115,893,950

Share capital (Details Narrativ

Share capital (Details Narrative) - shares	9 Months Ended
	May 31, 2022	May 31, 2021
Issued capital [member]
IfrsStatementLineItems [Line Items]
Shares issued on vesting of RSUs (in shares)	115,574	158,477

Schedule of detailed informat_9

Schedule of detailed information about number and weighted average exercise prices of share options (Details)	9 Months Ended
	May 31, 2022 shares $ / shares	May 31, 2022 shares $ / shares	May 31, 2021 shares $ / shares
Stock Options
Number of stock options, Outstanding, Beginning of period | shares	692,938	692,938	253,121
Weighted average exercise price, Outstanding, Beginning of period	$ 11.64		$ 12.73
Weighted average grant date fair value, Outstanding, Beginning of period	$ 7.06		$ 4.39
Options outstanding, remaining contractual term, Beginning of period	4 years 5 months 15 days	4 years 5 months 15 days	4 years 3 months 21 days
Number of stok options, Outstanding, Granted | shares	28,750	28,750	1,333
Weighted average exercise price, Outstanding, Granted	$ 5.42		$ 7.38
Weighted average grant date fair value, Outstanding, Granted	$ 2.44		$ 6.24
Number of stok options, Outstanding, Expired/Cancelled | shares	(204,236)	(204,236)	(16,694)
Weighted average exercise price, Outstanding, Expired/Cancelled	$ 11.18		$ 20.90
Weighted average grant date fair value, Outstanding, Expired/Cancelled	$ 7.21		$ 8.56
Number of stock options, Outstanding, Ending of period | shares	517,452	517,452	237,760
Weighted average exercise price, Outstanding, Ending of period | (per share)	$ 11.47	$ 14.70	$ 12.13
Weighted average grant date fair value, Outstanding, Ending of period	$ 6.74		$ 4.40
Options outstanding, remaining contractual term, Ending of period	3 years 10 months 20 days	3 years 10 months 20 days	3 years 3 months 18 days
Number of stock options, Exercisable | shares	186,706	186,706
Weighted average exercise price, Exercisable	$ 11.38
Weighted average grant date fair value, Exercisable	$ 4.42
Options exercisable, remaining contractual term, Exercisable	2 years 1 month 20 days	2 years 1 month 20 days

Schedule of detailed informa_10

Schedule of detailed information about options issued and outstanding (Details)	9 Months Ended
	May 31, 2022 shares $ / shares	May 31, 2022 shares $ / shares	Aug. 31, 2021 shares $ / shares	May 31, 2021 shares $ / shares	Aug. 31, 2020 shares $ / shares
IfrsStatementLineItems [Line Items]
Outstanding options	517,452	517,452	692,938	237,760	253,121
Weighted average exercise price | (per share)	$ 11.47	$ 14.70	$ 11.64	$ 12.13	$ 12.73
Weighted average remaining contractual term	3 years 10 months 20 days
Option One [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jun. 30, 2022
Outstanding options	4,428	4,428
Weighted average exercise price | (per share)	$ 118.15	$ 153.45
Weighted average remaining contractual term	29 days
Option Two [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Apr. 01, 2023
Outstanding options	47,499	47,499
Weighted average exercise price | (per share)	$ 7.91	$ 11.25
Weighted average remaining contractual term	10 months 2 days
Option Three [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Oct. 31, 2023
Outstanding options	64,997	64,997
Weighted average exercise price | (per share)	$ 7.91	$ 11.25
Weighted average remaining contractual term	1 year 5 months 1 day
Option Four [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jan. 29, 2025
Outstanding options	46	46
Weighted average exercise price | (per share)	$ 76.43	$ 106.50
Weighted average remaining contractual term	2 years 8 months 1 day
Option Five [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Aug. 25, 2025
Outstanding options	340	340
Weighted average exercise price | (per share)	$ 76.43	$ 106.50
Weighted average remaining contractual term	3 years 2 months 26 days
Option Six [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Sep. 23, 2025
Outstanding options	11	11
Weighted average exercise price | (per share)	$ 76.43	$ 106.50
Weighted average remaining contractual term	3 years 3 months 25 days
Option Seven [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Feb. 10, 2026
Outstanding options	1,434	1,434
Weighted average exercise price | (per share)	$ 76.43	$ 106.50
Weighted average remaining contractual term	3 years 8 months 12 days
Option Eight [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	May 19, 2026
Outstanding options	4	4
Weighted average exercise price | (per share)	$ 76.43	$ 106.50
Weighted average remaining contractual term	3 years 11 months 19 days
Option Nine [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	May 23, 2026
Outstanding options	9	9
Weighted average exercise price | (per share)	$ 76.43	$ 106.50
Weighted average remaining contractual term	3 years 11 months 23 days
Option Ten [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jun. 24, 2026
Outstanding options	240,826	240,826
Weighted average exercise price | (per share)	$ 12.21	$ 15.04
Weighted average remaining contractual term	4 years 25 days
Option Eleven [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jul. 01, 2026
Outstanding options	10,000	10,000
Weighted average exercise price | (per share)	$ 12	$ 14.87
Weighted average remaining contractual term	4 years 1 month 2 days
Option Twelve [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jul. 02, 2026
Outstanding options	48,984	48,984
Weighted average exercise price | (per share)	$ 12.21	$ 15.08
Weighted average remaining contractual term	4 years 1 month 2 days
Option Thirteen [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Aug. 20, 2026
Outstanding options	20,000	20,000
Weighted average exercise price | (per share)	$ 6.05	$ 7.78
Weighted average remaining contractual term	4 years 2 months 19 days
Option Fourteen [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Mar. 03, 2027
Outstanding options	1,256	1,256
Weighted average exercise price | (per share)	$ 76.43	$ 106.50
Weighted average remaining contractual term	4 years 9 months 3 days
Option Fifteen [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jul. 31, 2027
Outstanding options	133	133
Weighted average exercise price | (per share)	$ 76.43	$ 106.50
Weighted average remaining contractual term	5 years 2 months 1 day
Option Sixteen [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Nov. 03, 2027
Outstanding options	133	133
Weighted average exercise price | (per share)	$ 76.43	$ 106.50
Weighted average remaining contractual term	5 years 5 months 4 days
Option Seventeen [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Nov. 07, 2029
Outstanding options	36,586	36,586
Weighted average exercise price | (per share)	$ 5.38	$ 7.50
Weighted average remaining contractual term	7 years 5 months 8 days
Option Eighteen [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Dec. 02, 2030
Outstanding options	1,333	1,333
Weighted average exercise price | (per share)	$ 7.38	$ 9.50
Weighted average remaining contractual term	8 years 6 months 3 days
Option Ninteen [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jun. 14, 2031
Outstanding options	10,683	10,683
Weighted average exercise price | (per share)	$ 11.69	$ 14.20
Weighted average remaining contractual term	9 years 14 days
Option Twenty [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Nov. 23, 2031
Outstanding options	10,000	10,000
Weighted average exercise price | (per share)	$ 9.82	$ 12.45
Weighted average remaining contractual term	9 years 5 months 26 days
Option Twenty One [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Dec. 31, 2026
Outstanding options	3,750	3,750
Weighted average exercise price | (per share)	$ 3.05	$ 3.87
Weighted average remaining contractual term	4 years 7 months 2 days
Option Twenty Two [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jan. 31, 2027
Outstanding options	15,000	15,000
Weighted average exercise price | (per share)	$ 3.07	$ 3.90
Weighted average remaining contractual term	4 years 8 months 1 day

Stock options (Details Narrativ

Stock options (Details Narrative)	9 Months Ended
	May 31, 2022 USD ($) shares	May 31, 2021 USD ($) shares	Oct. 06, 2021	Aug. 31, 2021 shares	Aug. 31, 2020 shares
IfrsStatementLineItems [Line Items]
Number of common shares reserved and available for grant, percentage			10%
Number of share options outstanding in share-based payment arrangement	517,452	237,760		692,938	253,121
Number of share options exercisable in share-based payment arrangement	186,706			209,950
Expense from share-based payment transactions | $	$ 2,356,419	$ 90,411
Board of Directors [Member]
IfrsStatementLineItems [Line Items]
Options exercisable, remaining contractual term, end of period	10 years

Schedule of detailed informa_11

Schedule of detailed information about restricted stock units outstanding (Details) - Restricted Stock Units [Member] - shares	9 Months Ended
	May 31, 2022	May 31, 2021
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding, beginning balance	490,174	402,372
Number of warrants, outstanding, Granted	100,626	330,896
Number of warrants, outstanding, Vested	(115,574)	(158,477)
Number of warrants, outstanding, Cancelled	(61,097)	(11,855)
Number of warrants, outstanding, ending balance	414,129	562,936

Restricted share units (Details

Restricted share units (Details Narrative)	1 Months Ended	9 Months Ended
	Oct. 31, 2021 shares	May 31, 2022 USD ($) shares	May 31, 2021 USD ($) shares
IfrsStatementLineItems [Line Items]
Adjustments for share-based payments | $		$ 3,577,861	$ 2,458,744
Restricted Stock Units [Member]
IfrsStatementLineItems [Line Items]
Number of RSU's aggregate shares		1,548,174
Number of other equity instruments granted in share-based payment arrangement		100,626	330,896
Adjustments for share-based payments | $		$ 1,221,442	$ 2,368,333
Restricted Stock Units [Member] | Directors [Member]
IfrsStatementLineItems [Line Items]
Number of other equity instruments granted in share-based payment arrangement	100,626

Capital management (Details Nar

Capital management (Details Narrative) - USD ($)	May 31, 2022	Aug. 31, 2021
Shareholder equity deficit before non-controlling interest	$ 29,835,335	$ 25,422,165

Commitments and contingencies (

Commitments and contingencies (Details Narrative) - USD ($)	1 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	May 31, 2022	Sep. 30, 2021	Aug. 31, 2021	Nov. 30, 2020	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Convertible debt, non-current			$ 5,146,723		$ 9,037,069
Allinsports [Member]
IfrsStatementLineItems [Line Items]
Acquisitions percentage		100%
Number of shares issuance		966,667		966,667		966,667
Payment of share holder		$ 1,200,000				$ 20,000,000	$ 2,625,657
Convertible debt, non-current			$ 899,569
Damage sought value	$ 2,890,000

Schedule of discontinued operat

Schedule of discontinued operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2022	May 31, 2021	May 31, 2022	May 31, 2021
IfrsStatementLineItems [Line Items]
Revenue	$ 9,241,478	$ 8,000,962	$ 30,508,162	$ 22,484,651
Net income (loss) from discontinued operations	(670,182)	(425,799)	(1,045,934)	(5,034,317)
UMG Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Revenue	141,926	192,500	387,655	374,654
Salaries and wages	340,249	264,637	1,021,046	756,825
Consulting
Professional fees	9,190	14,622	12,891	189,781
Sponsorships and tournaments	85,859	116,507	663,046	562,495
Advertising and promotion	4,480	2,760	20,723	3,369
Office and general	20,790	52,294	57,743	119,309
Technology expenses	10,776	33,150	73,123	93,106
Amortization and depreciation	34,983	136,122	275,592	378,530
Impairment expense	209,934		476,404
Restructuring Costs			90,539
Interest expense	4,225	(19,714)	13,722	29,970
(Gain) loss on foreign exchange	1,642	(2,710)	31,808	(15,400)
Net income (loss) from discontinued operations	(580,202)	(405,168)	(2,348,982)	(1,743,331)
Eden Games SA [Member]
IfrsStatementLineItems [Line Items]
Revenue	434,508	1,416,371	4,759,711	2,604,799
Salaries and wages	329,126	855,367	2,113,180	2,637,904
Consulting	102,951	309,842	796,570	711,209
Office and general	80,029	150,497	265,125	389,361
Amortization and depreciation	1,360	111,554	224,349	1,329,588
Interest expense	(16)	7,780	7,145	34,669
(Gain) loss on foreign exchange		(7,602)	39,350	(168,640)
Net income (loss) from discontinued operations	(78,943)	(11,025)	1,314,085	(2,328,195)
Share-based payments	1	(42)	(93)	(1,097)
Motorsports Group [Member]
IfrsStatementLineItems [Line Items]
Revenue				90,934
Salaries and wages				212,546
Consulting				267,933
Professional fees				22,681
Sponsorships and tournaments				203,637
Advertising and promotion				1,740
Office and general				7,374
Technology expenses				86,590
Amortization and depreciation				201,335
Interest expense				572
(Gain) loss on foreign exchange	11,037	9,606	11,037	49,317
Net income (loss) from discontinued operations	$ (11,037)	$ (9,606)	$ (11,037)	$ (962,791)

Schedule of cash flow in discon

Schedule of cash flow in discontinued operation (Details) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2022	May 31, 2021	May 31, 2022	May 31, 2021
UMG Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Net cash provided by (used in) operating activities	$ 114,599	$ 255,367	$ (149,397)	$ 396,348
Net cash used in financing activities	(21,852)	(21,637)	(65,125)	(64,481)
Change in cash	92,747	233,730	(214,522)	331,867
Cash, beginning of period	(131,973)	(78,844)	175,296	(176,981)
Cash, end of period	(39,226)	154,886	(39,226)	154,886
Eden Games SA [Member]
IfrsStatementLineItems [Line Items]
Net cash provided by (used in) operating activities	396,544	140,150	509,166	432,035
Disposal	(647,187)		(647,187)
Net cash used in financing activities	(24,548)	(57,045)	(132,550)	(225,353)
Change in cash	(275,191)	83,105	(270,571)	206,682
Cash, beginning of period	275,191	231,155	270,571	107,578
Cash, end of period		314,260		314,260
Motorsports Group [Member]
IfrsStatementLineItems [Line Items]
Net cash provided by (used in) operating activities				(92,652)
Disposal				24,348
Change in cash				(68,304)
Cash, beginning of period				68,304
Cash, end of period

Schedule of loss on disposal (D

Schedule of loss on disposal (Details) - USD ($)		9 Months Ended
	Nov. 03, 2020	May 31, 2022
Eden Games SA [Member]
IfrsStatementLineItems [Line Items]
Cash consideration		$ 15,357,803
Total disposal consideration		15,357,803
Carrying amount of net assets sold		(577,106)
Carrying amount attributable to non-controlling interests		208,598
Loss on disposal before income tax and reclassification of foreign currency translation reserve		14,989,295
Reclassification of foreign currency translation reserve		139,122
Loss on disposal of Motorsports		$ 15,128,417
Motorsports Group [Member]
IfrsStatementLineItems [Line Items]
Accounts payable assumed	$ 101,322
Deferred purchase consideration of LGR	333,503
Fair value of contingent consideration	1,321,281
Total disposal consideration	1,756,106
Carrying amount of net assets sold	(2,334,303)
Loss on disposal before income tax and reclassification of foreign currency translation reserve	(578,197)
Reclassification of foreign currency translation reserve	(100,734)
Loss on disposal of Motorsports	$ (678,931)

Schedule of net asset (Details)

Schedule of net asset (Details) - USD ($)	May 31, 2022	Nov. 03, 2020
Eden Games SA [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	$ 647,187
Accounts and other receivables	586,309
Government remittances	566,331
Prepaid expenses and other	36,124
Right-of-use assets	16,036
Property and equipment	41,132
Intangible assets	296,235
Goodwill	345,150
Total assets of disposal group	2,534,504
Accounts payable	1,168,966
Accrued liabilities	750,388
Lease obligation, current	17,959
Long-term debt, current	20,085
Total liabilities of disposal group	1,957,398
Net assets of disposal group	$ 577,106
Motorsports Group [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents		$ (24,348)
Accounts and other receivables		126,590
Government remittances		25,095
Prepaid expenses and other		24,113
Property and equipment		47,416
Intangible assets		3,066,457
Total assets of disposal group		3,265,323
Accounts payable		508,881
Accrued liabilities		422,139
Total liabilities of disposal group		931,020
Net assets of disposal group		$ 2,334,303

Schedule of segment reporting (

Schedule of segment reporting (Details) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2022	May 31, 2021	May 31, 2022	May 31, 2021	Aug. 31, 2021
Revenue
External sales	$ 9,241,478	$ 8,000,962	$ 30,508,162	$ 22,484,651
Results
Segment loss	(4,939,238)	(3,247,984)	(14,372,888)	(8,965,826)
Central administration costs	2,025,194	1,752,651	7,599,740	6,513,730
Other gains and losses	(1,552,425)	(7,210,584)	(9,332,759)	3,423,490
Finance costs	228,348	209,755	641,785	1,113,749
Loss before tax	(5,640,355)	2,000,194	(13,281,654)	(20,016,795)
Income tax
Gain (Loss) for the period from:
Share of net loss of associate				(103,930)
Discontinued operations	14,458,235	(425,799)	14,082,483	(5,713,248)
Non-controlling interest in net loss	3,419	(2,343)	(65,219)	59,327
Net loss	8,821,299	1,572,052	735,610	(25,774,646)
Assets	58,530,202		58,530,202		$ 67,462,847
Long-term assets	30,406,028		30,406,028		35,905,165
North America Area [Member]
Gain (Loss) for the period from:
Assets	57,684,572		57,684,572		64,943,049
Long-term assets	30,400,404		30,400,404		35,796,241
Europeans Union [Member]
Gain (Loss) for the period from:
Assets	845,630		845,630		2,519,798
Long-term assets	5,624		5,624		$ 108,924
Gaming [Member]
Revenue
External sales	549,430	408,575	1,331,151	993,408
Results
Segment loss	(1,723,122)	(1,190,154)	(6,175,613)	(3,283,044)
Central administration costs
Other gains and losses	12,152	10,664	1,621,582	9,465
Finance costs	44,937	8,251	63,268	36,480
Loss before tax	(1,780,211)	(1,209,069)	(7,860,463)	(3,328,989)
Income tax
Gain (Loss) for the period from:
Share of net loss of associate
Discontinued operations	(463,980)	(360,666)	(647,595)	(4,076,248)
Non-controlling interest in net loss
Net loss	(2,244,191)	(1,569,735)	(8,508,058)	(7,405,237)
Media [Member]
Revenue
External sales	8,692,048	7,592,387	29,177,011	21,491,243
Results
Segment loss	(3,216,116)	(2,057,830)	(8,197,275)	(5,682,782)
Central administration costs
Other gains and losses	1,382	(329,730)	36,929	2,474,609
Finance costs	277	125,470	979	637,514
Loss before tax	(3,217,775)	(1,853,570)	(8,235,183)	(8,794,905)
Income tax
Gain (Loss) for the period from:
Share of net loss of associate
Discontinued operations
Non-controlling interest in net loss
Net loss	(3,217,775)	(1,853,570)	(8,235,183)	(8,794,905)
Corporate and Others [Member]
Revenue
External sales
Results
Segment loss
Central administration costs	2,025,194	1,752,651	7,599,740	6,513,730
Other gains and losses	(1,565,959)	(6,891,518)	(10,991,270)	939,416
Finance costs	183,134	76,034	577,538	439,755
Loss before tax	(642,369)	5,062,833	2,813,992	(7,892,901)
Income tax
Gain (Loss) for the period from:
Share of net loss of associate				(103,930)
Discontinued operations	14,922,215	(65,133)	14,730,078	(1,637,000)
Non-controlling interest in net loss	3,419	(2,343)	(65,219)	59,327
Net loss	$ 14,283,265	$ 4,995,357	$ 17,478,851	$ (9,574,504)

Discontinued operations (Detail

Discontinued operations (Details Narrative)	9 Months Ended
	May 31, 2022 USD ($)	May 31, 2022 EUR (€)	May 31, 2021 USD ($)	May 31, 2022 EUR (€)	Aug. 31, 2021 USD ($)
IfrsStatementLineItems [Line Items]
Promissory notes receivable	$ 1,558,319
Purchase of promissory notes	1,181,005
Eden Games SA [Member]
IfrsStatementLineItems [Line Items]
Promissory notes receivable	$ 1,558,319			€ 1,453,154
Purchase of promissory notes | €		€ 1,081,081

Schedule of compensation award

Schedule of compensation award to key management (Details) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2022	May 31, 2021	May 31, 2022	May 31, 2021
Related Party Transactions And Balances
Total compensation paid to key management	$ 359,069	$ 392,490	$ 1,067,212	$ 1,836,583
Share based payments	$ 184,506	$ 323,233	$ 547,790	$ 1,581,037

Related party transactions an_3

Related party transactions and balances (Details Narrative) - USD ($)	May 31, 2022	Aug. 31, 2021	Mar. 09, 2020
DisclosureOfRelatedPartyTransactionsAndBalancesLineItem [Line Items]
Amounts payable, related party transactions	$ 29,740	$ 33,349
Business Combination Agreement [Member]
DisclosureOfRelatedPartyTransactionsAndBalancesLineItem [Line Items]
License fees percent			50%

Schedule of gross trade account

Schedule of gross trade accounts receivable and allowance for doubtful accounts (Details)	May 31, 2022 USD ($)
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 8,836,051
Allowance for doubtful accounts	$ 1,022,636
% Allowance	0.12
Current [member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 5,968,664
Allowance for doubtful accounts
0-30 Days [Member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	436,116
Allowance for doubtful accounts
% Allowance	0
31-60 Days [Member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 274,434
Allowance for doubtful accounts
% Allowance	0
61-90 Days [Member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 264,102
Allowance for doubtful accounts
% Allowance	0
91 Plus Days [Member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 1,892,735
Allowance for doubtful accounts	$ 1,022,636
% Allowance	0.54

Schedule of funding available f

Schedule of funding available from operations and other sources (Details) - USD ($)	May 31, 2022	Aug. 31, 2021	May 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Accrued liabilities	$ 28,694,867	$ 41,897,303
Players liability account	289,889	331,528
Lease obligation	403,577	587,551	$ 436,838	$ 572,148
Promissory notes payable	806,204	821,948
Convertible debt	2,692,514	$ 914,427
Less than One Yyear [Member]
IfrsStatementLineItems [Line Items]
Accounts payable	11,982,749
Accrued liabilities	4,926,240
Players liability account	289,889
Lease obligation	158,501
Promissory notes payable	806,204
Convertible debt	2,692,514
1-2 Years [Member]
IfrsStatementLineItems [Line Items]
Accounts payable
Accrued liabilities
Players liability account
Lease obligation	245,076
Promissory notes payable
Convertible debt	5,146,723
2-5 Years [Member]
IfrsStatementLineItems [Line Items]
Accounts payable
Accrued liabilities
Players liability account
Lease obligation
Promissory notes payable
Convertible debt

Schedule of fair value measurem

Schedule of fair value measurement (Details) - USD ($)	May 31, 2022	Aug. 31, 2021	May 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Cash	$ 13,695,279	$ 15,305,996	$ 21,321,977	$ 5,243,278
Restricted cash	289,889	331,528
Accounts and other receivables	7,864,272	8,646,807
Government remittances	861,442	1,070,216
Publisher advance	2,351,435	3,197,102
Promissory notes receivable	1,558,319
Financial assets	58,530,202	67,462,847
Accounts payable	11,982,749	10,403,665
Accrued liabilities	4,926,240	5,722,470
Players liability account	289,889	331,528
Arbitration reserve	899,569	6,468,330
Long-term debt	5,146,723
Promissory notes payable	806,204	821,948
Warrant liability	135,749	4,868,703
Convertible debt	7,839,237	9,951,496
Financial liabilities	28,694,867	41,897,303
FVTPL Mandatorily Measured [Member]
IfrsStatementLineItems [Line Items]
Cash
Restricted cash
Accounts and other receivables
Government remittances
Publisher advance
Promissory notes receivable	1,558,319
Investment at FVTPL	2,629,851	2,629,851
Financial assets	4,188,170	2,629,851
Accounts payable
Accrued liabilities
Players liability account
Arbitration reserve
Long-term debt
Promissory notes payable
Warrant liability	135,749	4,868,703
Convertible debt
Financial liabilities	135,749	4,868,703
Amortized Cost [Member]
IfrsStatementLineItems [Line Items]
Cash	13,695,279	15,305,996
Restricted cash	289,889	331,528
Accounts and other receivables	7,864,272	8,646,807
Government remittances	861,442	1,070,216
Publisher advance	2,351,435	4,534,218
Promissory notes receivable
Investment at FVTPL
Financial assets	25,062,317	29,888,765
Accounts payable	11,982,749	10,403,665
Accrued liabilities	4,926,240	5,722,470
Players liability account	289,889	331,528
Arbitration reserve
Long-term debt		96,664
Promissory notes payable	806,204	821,948
Warrant liability
Convertible debt
Financial liabilities	18,005,082	17,376,275
FVTPL Designated [Member]
IfrsStatementLineItems [Line Items]
Accounts payable
Accrued liabilities
Players liability account
Arbitration reserve	899,569	6,468,330
Long-term debt
Promissory notes payable
Warrant liability
Convertible debt	7,839,237	9,951,496
Financial liabilities	$ 8,738,806	$ 16,419,826

Schedule of hierarchy levels of

Schedule of hierarchy levels of fair value (Details) - USD ($)	May 31, 2022	Aug. 31, 2021
IfrsStatementLineItems [Line Items]
Arbitration reserve	$ 899,569	$ 6,468,330
Warrant liability	135,749	4,868,703
Convertible debt	7,839,237	9,951,496
Promissory notes receivable	1,558,319
Investment at FVTPL	2,629,851	2,629,851
Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Arbitration reserve	899,569	6,468,330
Warrant liability
Convertible debt
Promissory notes receivable
Investment at FVTPL
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Arbitration reserve
Warrant liability	135,749	4,868,703
Convertible debt
Promissory notes receivable
Investment at FVTPL
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Arbitration reserve
Warrant liability
Convertible debt	7,839,237	9,951,496
Promissory notes receivable	1,558,319
Investment at FVTPL	$ 2,629,851	$ 2,629,851

Financial instruments and ris_3

Financial instruments and risk management (Details Narrative)	May 31, 2022	Aug. 31, 2021
One Customer [Member]
IfrsStatementLineItems [Line Items]
[custom:RevenueCreditRiskPercent-0]	70%	60%
One Customer [Member] | Accounts Receivables [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Significant unobservable input, assets	0.10
One Customer [Member] | Accounts And Other Receivable [Member]
IfrsStatementLineItems [Line Items]
Significant unobservable input, assets	0.16	0.13

Restructuring charges (Details

Restructuring charges (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2022	May 31, 2022	May 31, 2021	May 31, 2022	May 31, 2021
IfrsStatementLineItems [Line Items]
Expense of restructuring activities				$ 35,747
Four Employees [Member]
IfrsStatementLineItems [Line Items]
Expense of restructuring activities	$ 35,747

Subsequent events (Details Narr

Subsequent events (Details Narrative) - Non Adjusting Events [Member] - USD ($)	Jun. 13, 2022	Jul. 31, 2022
IfrsStatementLineItems [Line Items]
Proceeds from disposal or maturity of available-for-sale financial assets	$ 100
Prices specified in forward agreements to purchase financial assets for cash		$ 300,000