Engine Gaming and Media (GAME) 20-F/A 20 Dec 23 2022 FY Annual report (foreign) (amended) Financial data

Cover

Cover	12 Months Ended
	Aug. 31, 2022 shares
Entity Addresses [Line Items]
Document Type	20-F/A
Amendment Flag	true
Amendment Description	This Amendment No. 1 on Form 20-F/A (“Amendment No. 1”) amends the Annual Report of Engine Gaming and Media, Inc. (the “Company”) on Form 20-F for the fiscal year ended August 31, 2022 (the “2022 Annual Report”), as originally filed with the Securities and Exchange Commission (the “SEC”), on December 29, 2022 to address certain comments from the staff of the SEC in relation to the 2022 Annual Report. Accordingly, the Company is restating in their entirety the following sections of the 2022 Annual Report: (i) the Independent Auditor’s Report, included in pages F-4 and F-70, (ii) the Consolidated Financial Statements for the years ended August 31, 2022 and 2021 and the Consolidated Financial Statements for the years ended August 31, 2021 and 2020. The specific changes made to the previously filed financial statements are described in the section titled “Restatement” in each of the respective Consolidated Financial Statements referred to above.
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Aug. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--08-31
Entity File Number	001-39389
Entity Registrant Name	GameSquare Holdings, Inc.
Entity Central Index Key	0001714562
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	2110 Powers Ferry Road SE,
Entity Address, Address Line Two	Suite 450,
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Country	CA
Entity Address, Postal Zip Code	30339
Title of 12(b) Security	Common Shares
Trading Symbol	GAME
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	15,803,875
Auditor Name	Kreston GTA LLP
Auditor Location	Markham, Canada
Auditor Firm ID	6644
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	2110 Powers Ferry Road SE,
Entity Address, Address Line Two	Suite 450,
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30339
City Area Code	(212)
Local Phone Number	931-1200
Contact Personnel Name	Michael Munoz
Contact Personnel Email Address	mmunoz@franklymedia.com

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Current
Cash	$ 8,601,706	$ 15,305,996	$ 5,243,278
Restricted cash	47,455	331,528	388,587
Accounts and other receivables	8,404,009	8,646,807	3,845,890
Government remittances	874,334	1,070,216	1,125,912
Publisher advance, current	1,490,648	3,197,102
Prepaid expenses and other	2,064,221	3,006,033	1,571,806
Promissory notes receivable	576,528
Total current assets	22,058,901	31,557,682	12,175,473
Non-Current
Publisher advance, non-current		1,337,116
Investment in associate			2,052,008
Investment at FVTPL	2,629,851	2,629,851
Property and equipment	127,390	403,811	409,389
Goodwill	15,200,188	15,594,929	15,576,762
Intangible assets	2,483,170	5,121,711	12,328,996
Right-of-use assets	11,115	557,022	550,478
Total Non-Current	20,451,714	25,644,440	30,917,633
Total assets	42,510,615	57,202,122	43,093,106
Current
Accounts payable	12,772,375	10,403,667	12,455,214
Accrued liabilities	3,756,758	5,722,470	4,689,131
Players liability account	47,455	331,528	388,587
Deferred revenue	1,077,923	2,644,948	553,395
Line of credit			4,919,507
Lease obligation, current	388,834	222,583	185,671
Long-term debt, current		96,664	97,702
Promissory notes payable	771,762	821,948	3,818,920
Deferred purchase consideration			333,503
Warrant liability	49,894	4,868,703	14,135,321
Convertible debt, current	2,267,367	914,427
Arbitration reserve	692,613	6,468,330
Contingent performance share obligation, current			262,067
Total current liabilities	21,824,981	32,495,268	41,839,018
Convertible debt, non-current	4,983,236	9,037,069	10,793,459
Lease obligation, non-current		364,968	386,477
Long-term debt, non-current			133,230
Non-current liabilities	4,983,236	9,402,037	11,313,166
Total liabilities	26,808,217	41,897,305	53,152,184
SHAREHOLDERS’ EQUITY (DEFICIENCY)
Share capital	124,897,859	122,741,230	69,380,807
Shares to be issued			1,059,214
Contributed surplus	20,351,522	17,819,933	4,034,323
Foreign currency translation reserve	(2,069,219)	(2,324,025)	(2,334,275)
Deficit	(127,477,764)	(123,075,700)	(82,416,532)
Total Shareholders’ Equity (Deficiency), before non-controlling interest	15,702,398	15,161,438	(10,276,463)
Non-controlling interest		143,379	217,385
Total equity	15,702,398	15,304,817	(10,059,078)
Total liabilities and equity	$ 42,510,615	$ 57,202,122	$ 43,093,106

Consolidated Statements of Loss

Consolidated Statements of Loss and Comprehensive Loss - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
REVENUE
Net revenue	$ 41,882,613	$ 33,345,268	$ 10,545,843
EXPENSES
Salaries and wages	14,086,954	12,161,000	6,254,017
Consulting	2,253,836	2,223,147	2,753,235
Professional fees	1,920,663	1,771,190	2,634,599
Revenue sharing expense	30,090,316	22,853,680	3,380,017
Sponsorships and tournaments			585,186
Advertising and promotion	1,187,161	1,299,909	2,513,687
Office and general	5,282,145	2,406,678	1,771,888
Technology expenses	3,062,181	2,309,248	1,062,807
Amortization and depreciation	1,008,383	1,084,203	3,439,510
Share-based payments	4,688,218	3,702,754	1,409,569
Interest expense	729,848	1,274,998	908,766
Loss on foreign exchange	400,521	1,090,944	578,900
Change in fair value of contingent consideration			87,702
Loss on extinguishment of debt		2,428,900
Gain on retained interest in former associate		(99,961)
Transaction costs	1,327,990	341,702
Non-operational professional fees
Arbitration settlement reserve	(5,775,717)	6,468,330
Impairment of investment in associate and advances		4,319,855	3,652,199
Restructuring costs	177,952
Change in fair value of investment at FVTPL	873,778	(581,812)
Change in fair value of warrant liability	(4,748,893)	(9,037,108)	6,189,921
Impairment of goodwill and intangibles			10,432,234
Change in fair value of convertible debt	(2,388,120)	6,066,594	(230,127)
Total	54,177,216	62,084,251	47,424,110
ASSOCIATES
Share of net loss of associate		103,930
Net loss for the year before taxes	(12,294,603)	(28,842,913)	(36,878,267)
Income tax expense
Net loss after taxes	(12,294,603)	(28,842,913)	(36,878,267)
DISCONTINUED OPERATIONS
Loss on disposal of Motorsports	14,934,149	(678,931)
Gain on disposal of assets	257,550
Loss from discontinued operations	(7,233,941)	(11,211,330)	(5,860,211)
Net income (loss) for the year from discontinued operations	7,957,758	(11,890,261)
Net loss for the year	(4,336,845)	(40,733,174)	(42,738,478)
Net loss attributable to non-controlling interest	(65,219)	74,006	76,066
Net loss attributable to owners of the Company	(4,402,064)	(40,659,168)	(42,662,412)
Items that may be reclassified subsequently to profit or loss
Foreign currency translation differences	393,928	10,250	(1,001,103)
Comprehensive loss for the year	$ (4,008,136)	$ (40,648,918)	$ (43,663,515)
LOSS PER SHARE
Basic loss per share - continuing operations	$ (0.79)	$ (2.42)	$ (12.48)
Basic loss per share - discontinued operations	0.51	(1)	(1.99)
Basic loss per share	(0.28)	(3.42)	(14.46)
Diluted loss per share	$ (0.28)	$ (3.42)	$ (14.46)
Weighted average number of shares outstanding - Basic	15,637,418	11,874,775	2,949,511
As Restated [Member]
REVENUE
Net revenue		$ 37,220,870
EXPENSES
Salaries and wages		18,020,053
Consulting		3,714,490
Professional fees		2,608,486
Revenue sharing expense		22,853,680
Sponsorships and tournaments		435,670
Advertising and promotion		1,387,370
Office and general		3,529,520
Technology expenses		2,487,569
Amortization and depreciation		3,304,038
Share-based payments		3,702,705
Interest expense		1,399,721
Loss on foreign exchange		939,235
Change in fair value of contingent consideration
Loss on extinguishment of debt		2,428,900
Gain on retained interest in former associate		(99,961)
Transaction costs		341,702
Non-operational professional fees		846,475
Arbitration settlement reserve		6,468,330
Impairment of investment in associate and advances
Change in fair value of investment at FVTPL		(581,812)
Change in fair value of warrant liability		(9,037,108)
Impairment of goodwill and intangibles		5,410,417
Change in fair value of convertible debt		6,066,594
Total		76,226,074
ASSOCIATES
Share of net loss of associate		103,930
Net loss for the year before taxes		(39,109,134)
Income tax expense
Net loss after taxes		(39,109,134)
DISCONTINUED OPERATIONS
Loss on disposal of Motorsports		(678,931)
Loss from discontinued operations		(945,109)
Net loss for the year		(40,733,174)
Net loss attributable to non-controlling interest		74,006
Net loss attributable to owners of the Company		(40,659,168)
Items that may be reclassified subsequently to profit or loss
Foreign currency translation differences		10,250
Comprehensive loss for the year		$ (40,648,918)
LOSS PER SHARE
Basic loss per share - continuing operations		$ (3.29)
Basic loss per share - discontinued operations		$ (0.14)
Weighted average number of shares outstanding - Basic		11,874,775
Previously stated [member]
EXPENSES
Amortization and depreciation	$ 1,242,383	$ 1,112,863	$ 3,549,374
Impairment of investment in associate and advances	3,873,000
Change in fair value of investment at FVTPL		(581,812)
Impairment of goodwill and intangibles
Change in fair value of convertible debt		6,066,594
Total	58,284,217	57,793,056	37,101,740
ASSOCIATES
Net loss for the year before taxes	(16,401,604)	(24,551,718)	(26,555,897)
Income tax expense
DISCONTINUED OPERATIONS
Loss from discontinued operations	(13,203,474)	(15,564,168)
Net income (loss) for the year from discontinued operations	1,988,225	(16,243,099)
Net loss for the year	(14,413,379)	(40,794,817)	(32,416,108)
Net loss attributable to owners of the Company	(14,478,598)	$ (40,720,811)	(32,340,042)
Items that may be reclassified subsequently to profit or loss
Comprehensive loss for the year	$ (14,084,670)		$ (33,341,145)
LOSS PER SHARE
Basic loss per share - continuing operations	$ (1.05)	$ (2.06)	$ (8.98)
Basic loss per share - discontinued operations	0.13	(1.37)	(1.99)
Basic loss per share	(0.93)	(3.43)	(10.96)
Diluted loss per share	$ (0.93)	$ (3.43)	$ (10.96)
Games development [member]
REVENUE
Net revenue			$ 2,732,846
Games development [member] | Previously stated [member]
REVENUE
Net revenue		3,422,202
Direct to Consumer [Member]
REVENUE
Net revenue			363,554
Direct to Consumer [Member] | Previously stated [member]
REVENUE
Net revenue		453,400
Software-as-a-Service [Member]
REVENUE
Net revenue	9,220,069	7,952,426	2,571,672
Software-as-a-Service [Member] | Previously stated [member]
REVENUE
Net revenue		6,360,361
Advertising [Member]
REVENUE
Net revenue	$ 32,662,544	25,392,842
Advertisement [Member]
REVENUE
Net revenue			4,491,356
Advertisement [Member] | Previously stated [member]
REVENUE
Net revenue		26,656,446
Professional Services [Member]
REVENUE
Net revenue			$ 386,415
Professional Services [Member] | Previously stated [member]
REVENUE
Net revenue		$ 328,461

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Deficiency) - USD ($)	Issued capital [member]	Shares 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, 2019	$ 29,613,406	$ 760,216	$ 2,753,037	$ (1,333,172)	$ (39,754,120)	$ (7,960,633)	$ 293,451	$ (7,667,182)
Balance, shares at Aug. 31, 2019	156,438
IfrsStatementLineItems [Line Items]
Share-based payments			1,409,569			1,409,569		1,409,569
Shares issued on vesting of RSUs	$ 159,895		(159,895)
Shares issued on vesting of RSUs, shares	26,666
Convertible debt conversion	$ 5,152,023					5,152,023		5,152,023
Convertible debt conversion, shares	1,739,615
Common shares issued on exercise of warrants	$ 4,919,596					4,919,596		4,919,596
Common shares issued on exercise of warrants, shares	654,543
Shares issued on acquisition of UMG	$ 3,804,344		41,879			3,846,223		3,846,223
Shares issued on acquisition of UMG, shares	288,560
Non-controlling interest in subsidiary			(10,267)			(10,267)		(10,267)
Net loss for the period					(42,662,412)	(42,662,412)	(76,066)	(42,738,478)
Foreign currency translation differences				(1,001,103)		(1,001,103)		(1,001,103)
Impact of share consolidation
Impact of share consolidation, shares	(114)
Private placements, net of costs	$ 2,694,076					2,694,076		2,694,076
Private placements, net of costs, shares	502,562
Shares issued for debt conversion	$ 724,231					724,231		724,231
Shares issued for debt conversion, shares	59,654
Shares issued on acquisition of Frankly	$ 12,155,000					12,155,000		12,155,000
Shares issued on acquisition of Frankly, shares	2,258,215
Shares issued on acquisition of Winview	$ 7,579,000					7,579,000		7,579,000
Shares issued on acquisition of Winview, shares	1,759,997
Shares issued on acquisition of Driver Database	$ 859,745					859,745		859,745
Shares issued on acquisition of Driver Database, shares	100,000
Shares issued on acquisition of Lets Go Racing	$ 1,719,491					1,719,491		1,719,491
Shares issued on acquisition of Lets Go Racing, shares	200,000
Shares to be issued		298,998				298,998		298,998
Balance at Aug. 31, 2020	$ 69,380,807	1,059,214	4,034,323	(2,334,275)	(82,416,532)	(10,276,463)	217,385	(10,059,078)
Balance, shares at Aug. 31, 2020	7,746,136
IfrsStatementLineItems [Line Items]
Share-based payments			3,702,705			3,702,705		3,702,705
Shares issued on vesting of RSUs	$ 1,895,891		(1,715,891)			180,000		180,000
Shares issued on vesting of RSUs, shares	277,749
Common shares issued on exercise of options	$ 290,558		(104,303)			186,255		186,255
Common shares issued on exercise of options, shares	20,833
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	$ 9,000,851					9,000,851		9,000,851
Common shares issued on exercise of warrants, shares	901,060
Disposal of Motorsports		(1,059,214)				(1,059,214)		(1,059,214)
Shares issued on acquisition of UMG	$ 3,962,000		245,000			4,207,000		4,207,000
Shares issued on acquisition of UMG, shares	386,584
Non-controlling interest in subsidiary			(8,404)			(8,404)		(8,404)
Net loss for the period					(40,659,168)	(40,659,168)	(74,006)	(40,733,174)
Foreign currency translation differences				10,250		10,250		10,250
Shares issued on acquisition of SideQik	$ 3,962,000		245,000			4,207,000		4,207,000
Shares issued on acquisition of SideQik, shares	386,584
Balance at Aug. 31, 2021	$ 122,741,230		17,819,933	(2,324,025)	(123,075,700)	15,161,438	143,379	15,304,817
Balance, shares at Aug. 31, 2021	15,543,309
IfrsStatementLineItems [Line Items]
Share-based payments			4,688,218			4,688,218		4,688,218
Shares issued on vesting of RSUs	$ 1,489,962		(1,489,962)
Shares issued on vesting of RSUs, shares	203,537
Net loss for the period					(4,402,064)	(4,402,064)	65,219	(4,336,845)
Foreign currency translation differences				393,928		393,928		393,928
Shares issued under shares for services	$ 666,667		(666,667)
Shares issued under shares for services, shares	57,029
Disposal of Eden Games				(139,122)		(139,122)	(208,598)	(347,720)
Balance at Aug. 31, 2022	$ 124,897,859		$ 20,351,522	$ (2,069,219)	$ (127,477,764)	$ 15,702,398		$ 15,702,398
Balance, shares at Aug. 31, 2022	15,803,875

Consolidated Statements of Cash

Consolidated Statements of Cash Flows	12 Months Ended
	Aug. 31, 2022 USD ($)	Aug. 31, 2021 USD ($)	Aug. 31, 2020 USD ($)
OPERATING ACTIVITIES
Net loss for the period before non-controlling interest	$ (4,336,845)	$ (40,733,174)	$ (42,738,478)
Items not affecting cash:
Amortization and depreciation	1,735,540	3,505,373	3,781,178
Forgiveness of government grants			(1,589,559)
Legal proceedings provision
Impairment expense	1,394,076	5,410,417
Arbitration settlement reserve	(5,775,717)	6,468,330
Gain on disposal of Eden Games, net of cash	(15,128,417)
Gain on disposal of UMG assets, net of cash	(257,550)
Loss on disposal of Motorsports	194,268	678,931
Loss on disposal of P&E		9,767
Gain on bankruptcy of subsidiary	(1,105,023)
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 investment at FVTPL	873,778	(581,812)
Change in fair value of warrant liability	(4,748,893)	(9,037,108)	6,189,921
Change in fair value of convertible debt	(2,388,120)	6,066,594	(230,127)
Change in fair value of contingent consideration			87,702
Impairment of investment in associate and advances			3,652,199
Impairment of goodwill and intangibles			10,432,234
Accretion of debt	4,610	108,616	96,733
Share-based payments	4,688,218	3,702,705	1,409,569
Total Adjustments	(24,850,075)	(21,968,492)	(18,908,628)
Restricted cash	284,073	57,059	(65,876)
Accounts and other receivables	(275,778)	(4,008,628)	2,115,952
Government remittances	(370,449)	30,601	(414,634)
Publisher advance	3,043,570	(4,534,218)
Prepaid expenses and other	905,688	(1,388,709)	(163,517)
Accounts payable	2,871,085	(1,030,539)	3,451,613
Accrued liabilities	(110,301)	953,086	607,229
Players liability account	(260,692)	(57,059)	65,875
Deferred revenue	(1,567,025)	1,607,553	221,142
Changes in non-cash working capital	4,520,171	(8,370,854)	5,817,784
Net cash used in operating activities	(20,329,904)	(30,339,346)	(13,090,844)
INVESTING ACTIVITIES
Purchase of property and equipment	(78,698)	(188,170)	(110,380)
Purchase of promissory notes	(1,181,005)
Cash acquired, net of cash paid in business combinations		255,852	1,458,920
Advances			(1,155,657)
Acquisition of intangible assets			(557,709)
Proceeds on disposal of Eden Games, net of cash	14,710,616
Proceeds on disposal of UMG assets, net of cash	100
Cash from disposal of Motorsports		24,348
Net cash used in investing activities	13,451,013	92,030	(364,826)
FINANCING ACTIVITIES
Proceeds from government grants			1,414,764
Proceeds from line of credit			1,000,000
Proceeds from private placement unit offerings			3,685,785
Proceeds from issuance of Units, net of costs		31,017,374
Proceeds from convertible debentures		4,901,393	5,750,000
Net (payments) proceeds from promissory notes payable	330,814	263,384	1,111,553
Payments on promissory notes payable	(381,000)	(3,260,356)
Proceeds from exercise of options
Proceeds from exercise of warrants		6,866,735	3,574,023
Proceeds from exercise of options		186,255
Payments on lease financing	(201,156)	(228,328)	(139,937)
Payments on long-term debt	(75,262)	(162,040)	(53,736)
Net cash provided by financing activities	(326,604)	39,584,417	16,342,452
Impact of foreign exchange on cash	501,205	725,617	(462,248)
Change in cash	(6,704,290)	10,062,718	2,424,534
Cash, beginning of year	15,305,996	5,243,278	2,818,744
Cash, end of year	8,601,706	15,305,996	5,243,278
Previously stated [member]
OPERATING ACTIVITIES
Net loss for the period before non-controlling interest		(40,733,174)
Items not affecting cash:
Amortization and depreciation		3,505,373
Forgiveness of government grants
Legal proceedings provision		6,468,330
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 investment at FVTPL		(581,812)
Change in fair value of warrant liability		(9,037,108)
Change in fair value of convertible debt		6,066,594
Change in fair value of contingent consideration
Impairment of investment in associate and advances
Impairment of goodwill and intangibles		5,410,417
Accretion of debt		108,616
Share-based payments		3,702,705
Total Adjustments		(21,968,492)
Restricted cash		57,059
Accounts and other receivables		(4,008,628)
Government remittances		30,601
Publisher advance		(4,534,218)
Prepaid expenses and other		(1,388,709)
Accounts payable		(1,030,539)
Accrued liabilities		953,086
Players liability account		(57,059)
Deferred revenue		1,607,553
Changes in non-cash working capital		(8,370,854)
Net cash used in operating activities		(30,339,346)
INVESTING ACTIVITIES
Purchase of property and equipment		(188,170)
Cash acquired, net of cash paid in business combinations		255,852
Advances
Acquisition of intangible assets
Cash from disposal of Motorsports		24,348
Net cash used in investing activities		92,030
FINANCING ACTIVITIES
Proceeds from government grants
Proceeds from line of credit
Proceeds from private placement unit offerings		31,017,374
Proceeds from convertible debentures		4,901,393
Net (payments) proceeds from promissory notes payable		(2,996,972)
Proceeds from exercise of warrants		6,866,735
Proceeds from exercise of options		186,255
Payments on lease financing		(228,328)
Payments on long-term debt		(162,040)
Net cash provided by financing activities		39,584,417
Impact of foreign exchange on cash		725,617
Change in cash		10,062,718
Cash, beginning of year	$ 15,305,996	5,243,278
Cash, end of year		$ 15,305,996	$ 5,243,278

Corporate information and going

Corporate information and going concern	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
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”, “Engine Media” 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. With the acquisition of Sideqik, Inc. on July 2, 2021 ( Note 6 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. (b) Going concern These 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 profitable levels of operations. The Company has not yet realized profitable operations and has incurred significant losses to date resulting in a cumulative deficit of $ 127,477,764 as of August 31, 2022 (August 31, 2021 – $ 123,075,700 ). 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. As of August 31, 2022, the Company had a working capital surplus of $ 233,920 (August 31, 2021 – working capital deficiency of $ 937,586 ) which is comprised of current assets less current liabilities. The Company also faced uncertain future impacts from COVID-19 (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. Changes in future conditions could require material write downs of the carrying values of goodwill and other long-lived intangibles. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	1. Corporate information and going concern (a) Corporate information Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) (“Engine”, “Engine Media” 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. With the acquisitions of Frankly Inc. (“Frankly”) and WinView, Inc. (“WinView”), on May 8, 2020, and Sideqik, Inc. on July 2, 2021 ( Note 6 On August 13, 2020, the Company consolidated its shares on the basis of 15 pre-consolidation shares for every 1 post-consolidation share. 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. Pursuant to shareholder approval at the July 15, 2020, shareholders’ meeting, effective August 13, 2020, the Company changed its name to Engine Media Holdings, Inc. (b) Going concern These 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 profitable levels of operations. The Company has not yet realized profitable operations and has incurred significant losses to date resulting in a cumulative deficit of $ 123,075,700 82,416,532 937,586 29,663,545 (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 Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Basis of preparation

Basis of preparation	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Basis Of Preparation
Basis of preparation	2. Basis of preparation (a) Statement of compliance The consolidated financial statements of the Company have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements for the year ended August 31, 2022 (including comparatives) were approved and authorized for issue by the board of directors on December 20, 2023. (b) Basis of consolidation The consolidated financial statements comprise the accounts of the Company and its controlled subsidiaries. The financial statements of subsidiaries are included in the 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. Control is achieved when the Company is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Company controls an investee if and only if the Company has all the following: (a) power over the investee. (b) exposure, or rights, to variable returns from its involvement with the investee; and (c) the ability to use its power over the investee to affect the amount of the investor’s returns. 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 August 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 Stream Hatchet S.L. Spain 100 Euro SideQik, 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 Company’s interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. Business combinations are accounted for using the acquisition method under IFRS 3 Business Combinations. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date, irrespective of the extent of any non-controlling interest. The excess of the fair value of the consideration transferred including the recognized amount of any non-controlling interest in the acquiree, over the fair value of the Company’s share of the identifiable net assets acquired is recorded as goodwill. When the excess is negative, a bargain purchase gain is recognized immediately in profit or loss. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The measurement period is the period from the date of acquisition to the date the Company obtains complete information about facts and circumstances that existed as of the acquisition date – and is subject to a maximum of one year. The Company elects on a transaction-by-transaction basis whether to measure non-controlling interest at its fair value, or at its proportionate share of the recognized amount of the identifiable net assets, at the acquisition date. Acquisition costs are expensed as incurred, unless they qualify to be treated as debt issue costs, or as cost of issuing equity securities. (c) Basis of presentation These consolidated financial statements have been prepared on a historical cost basis, except for financial instruments which are measured at fair value. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting except for cash flow information. (d) 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 consolidated financial statements is the US Dollar (“USD”). (e) Reclassifications For comparability, certain prior year amounts have been reclassified to conform with fiscal 2022 presentation. These reclassifications had no effect on Net loss or shareholders’ deficiency. (f) Restatement of Consolidated Financial Statements as of and for the years ended August 31, 2022 and 2021 The restatement adjustments relate to goodwill and intangible assets of the Company’s UMG, Winview and Sideqik CGUs. The as previously reported carrying values of the goodwill and intangible assets related to each CGU has been adjusted primarily to accelerate the timing of when the goodwill and intangible assets were previously impaired and revising go forward amortization as necessary. During the years ended August 31, 2020 and 2021, the Company conducted a comprehensive review of its forecasts, considering various factors, including changes in market conditions and business outlook. The outcome of this review led to a revision of the forecasts associated with UMG, Winview, as it pertained to its non-operating patent assets, and Sideqik. As a result of the revised forecasts, the company recognized impairment losses on goodwill and intangible assets as of the acquisition date for both UMG and Sideqik, and as of August 31, 2020 for Winview. These impairments reflect the updated assessment of the recoverable amounts, which are now lower than the carrying amounts. The impairment losses have been recognized in the consolidated statement of loss and comprehensive loss within the impairment expense line item for Sideqik, and within the loss from discontinued operations line item for UMG and Winview. The following tables reflect the impact of the Restatement of the Company’s previously reported consolidated financial statements as of and for the years ended August 31, 2022 and 2021: Disclosure of restatement previously reported financial statements Consolidated Statements of Financial Position As previously reported Adjustments As Restated As of August 31, 2022 Consolidated Statements of Financial Position As previously reported Adjustments As Restated $ $ $ ASSETS Non-Current Goodwill 15,200,188 - 15,200,188 Intangible assets 2,667,363 (184,193 ) 2,483,170 Total Non-Current Assets 20,635,907 (184,193 ) 20,451,714 Total Assets 42,694,808 (184,193 ) 42,510,615 SHAREHOLDERS’ EQUITY (DEFICIENCY) Deficit (127,293,571 ) (184,193 ) (127,477,764 ) Total Shareholders’ Equity (Deficiency), before non-controlling interest 15,886,591 (184,193 ) 15,702,398 Total Shareholders’ Equity (Deficiency) 15,886,591 (184,193 ) 15,702,398 Total Liabilities and Shareholders’ Equity (Deficiency) 42,694,808 (184,193 ) 42,510,615 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated For the year ended August 31, 2022 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated $ $ $ CONTINUING OPERATIONS EXPENSES Amortization and depreciation 1,242,383 (234,000 ) 1,008,383 Impairment expense 3,873,000 (3,873,000 ) - Impairment of goodwill and intangibles Total expenses 58,284,217 (4,107,001 ) 54,177,216 Net income (loss) for the year before discontinued operations (16,401,604 ) 4,107,001 (12,294,603 ) DISCONTINUED OPERATIONS Loss from discontinued operations (13,203,474 ) 5,969,533 (7,233,941 ) Net income (loss) for the year from discontinued operations 1,988,225 5,969,533 7,957,758 Net loss for the year (14,413,379 ) 10,076,534 (4,336,845 ) Net loss attributable to owners of the Company (14,478,598 ) 10,076,534 (4,402,064 ) OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive loss for the year (14,084,670 ) 10,076,534 (4,008,136 ) INCOME (LOSS) PER SHARE Basic loss per share - continuing operations (1.05 ) 0.26 (0.79 ) Basic income (loss) per share - discontinued operations 0.13 0.38 0.51 Basic and diluted loss per share (0.93 ) 0.64 (0.28 ) Consolidated Statements of Financial Position As previously reported Adjustments As Restated As of August 31, 2021 Consolidated Statements of Financial Position As previously reported Adjustments As Restated $ $ $ ASSETS Non-Current Goodwill 18,495,121 (2,900,192 ) 15,594,929 Intangible assets 12,482,244 (7,360,533 ) 5,121,711 Total Non-Current Assets 35,905,165 (10,260,725 ) 25,644,440 Total Assets 67,462,847 (10,260,725 ) 57,202,122 SHAREHOLDERS’ EQUITY (DEFICIENCY) Deficit (112,814,973 ) (10,260,727 ) (123,075,700 ) Total Shareholders’ Equity (Deficiency), before non-controlling interest 25,422,165 (10,260,727 ) 15,161,438 Total Shareholders’ Equity (Deficiency) 25,565,544 (10,260,727 ) 15,304,817 Total Liabilities and Shareholders’ Equity (Deficiency) 67,462,847 (10,260,725 ) 57,202,122 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated For the year ended August 31, 2021 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated $ $ $ CONTINUING OPERATIONS EXPENSES Amortization and depreciation 1,112,863 (28,660 ) 1,084,203 Impairment expense - 4,319,855 4,319,855 Total expenses 57,793,056 4,291,195 62,084,251 Net income (loss) for the year before discontinued operations (24,551,718 ) (4,291,195 ) (28,842,913 ) DISCONTINUED OPERATIONS Loss from discontinued operations (15,564,168 ) 4,352,838 (11,211,330 ) Net income (loss) for the year from discontinued operations (16,243,099 ) 4,352,838 (11,890,261 ) Net loss for the year (40,794,817 ) 61,643 (40,733,174 ) Net loss attributable to owners of the Company (40,720,811 ) 61,643 (40,659,168 ) OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive loss for the year (40,710,561 ) 61,643 (40,648,918 ) INCOME (LOSS) PER SHARE Basic loss per share - continuing operations (2.06 ) (0.36 ) (2.42 ) Basic income (loss) per share - discontinued operations (1.37 ) 0.37 (1.00 ) Basic and diluted loss per share (3.43 ) 0.01 (3.42 )	2. Basis of preparation (a) Statement of compliance The consolidated financial statements of the Company have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements for the year ended August 31, 2021 (including comparatives) were approved and authorized for issue by the board of directors on December 20, 2023. (b) Basis of consolidation The consolidated financial statements comprise the accounts of the Company and its controlled subsidiaries. The financial statements of subsidiaries are included in the 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. Control is achieved when the Company is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Company controls an investee if and only if the Company has all the following: (a) power over the investee. (b) exposure, or rights, to variable returns from its involvement with the investee; and (c) the ability to use its power over the investee to affect the amount of the investor’s returns. 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 at August 31, 2021 are as follows: Schedule of material subsidiaries Name of Subsidiary Country of Ownership Percentage Functional Currency Frankly Inc. Canada 100 Canadian Dollar UMG Media Ltd. Canada 100 Canadian Dollar Eden Games S.A. France 96 Euro 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. Entities over which the Company exercises significant influence are associates and are accounted for by the equity method. Significant influence is the power to participate in the financial and operating policy decisions of the investee. Significant influence is assumed to exist where the Company holds, directly or indirectly, at least a 20 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Investments in associates are accounted for using the equity method, where the investment is initially recognized at cost and the carrying amount is increased or decreased to recognize the investor’s share of the profit or loss, other comprehensive income and equity movements of the investee after the date of acquisition. Any goodwill or fair value adjustment attributable to the Company’s share in the equity accounted investee is included in the amount recognized as investment. When the Company’s share of losses exceeds its interest in an equity accounted investee, the carrying amount of that interest, including any long-term investments, is reduced to nil, and the recognition of further losses is discontinued except to the extent that the Company has an obligation or has made payments on behalf of the investee. Business combinations are accounted for using the acquisition method under IFRS 3 Business Combinations. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date, irrespective of the extent of any non-controlling interest. The excess of the fair value of the consideration transferred including the recognized amount of any non-controlling interest in the acquiree, over the fair value of the Company’s share of the identifiable net assets acquired is recorded as goodwill. When the excess is negative, a bargain purchase gain is recognized immediately in profit or loss. The measurement period is the period from the date of acquisition to the date the Company obtains complete information about facts and circumstances that existed as of the acquisition date – and is subject to a maximum of one year. The Company elects on a transaction-by-transaction basis whether to measure non-controlling interest at its fair value, or at its proportionate share of the recognized amount of the identifiable net assets, at the acquisition date. Acquisition costs are expensed as incurred, unless they qualify to be treated as debt issue costs, or as cost of issuing equity securities. (c) Basis of presentation These consolidated financial statements have been prepared on a historical cost basis, except for financial instruments which are measured at fair value. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting except for cash flow information. (d) 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) (e) Restatement of Consolidated Financial Statements as of and for the years ended August 31, 2021 and 2020 The restatement adjustments relate to goodwill and intangible assets of the Company’s UMG, Winview and Sideqik CGUs. The as previously reported carrying values of the goodwill and intangible assets related to each CGU has been adjusted primarily to accelerate the timing of when the goodwill and intangible assets were previously impaired and revising go forward amortization as necessary. During the years ended August 31, 2020 and 2021, the Company conducted a comprehensive review of its forecasts, considering various factors, including changes in market conditions and business outlook. The outcome of this review led to a revision of the forecasts associated with UMG, Winview, as it pertained to its non-operating patent assets, and Sideqik. As a result of the revised forecasts, the company recognized impairment losses on goodwill and intangible assets as of the acquisition date for both UMG and Sideqik, and as of August 31, 2020 for Winview. These impairments reflect the updated assessment of the recoverable amounts, which are now lower than the carrying amounts. The impairment losses have been recognized in the consolidated statement of loss and comprehensive loss within the impairment of goodwill and intangibles line item. The following tables reflect the impact of the Restatement of the Company’s previously reported consolidated financial statements as of and for the years ended August 31, 2021 and 2020: Disclosure of restatement previously reported financial statements Consolidated Statements of Financial Position As previously reported Adjustments As Restated As of August 31, 2021 Consolidated Statements of Financial Position As previously reported Adjustments As Restated $ $ $ ASSETS Non-Current Goodwill 18,495,121 (2,900,192 ) 15,594,929 Intangible assets 12,482,244 (7,360,533 ) 5,121,711 Total Non-Current Assets 35,905,165 (10,260,725 ) 25,644,440 Total Assets 67,462,847 (10,260,725 ) 57,202,122 SHAREHOLDERS’ EQUITY (DEFICIENCY) Deficit (112,814,973 ) (10,260,727 ) (123,075,700 ) Total Shareholders’ Equity (Deficiency), before non-controlling interest 25,422,165 (10,260,727 ) 15,161,438 Total Shareholders’ Equity (Deficiency) 25,565,544 (10,260,727 ) 15,304,817 Total Liabilities and Shareholders’ Equity (Deficiency) 67,462,847 (10,260,725 ) 57,202,122 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated For the year ended August 31, 2021 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated $ $ $ CONTINUING OPERATIONS EXPENSES Amortization and depreciation 4,891,097 (1,587,059 ) 3,304,038 Impairment of goodwill and intangibles 3,885,001 1,525,416 5,410,417 Total expenses 76,287,717 (61,643 ) 76,226,074 Net income (loss) for the year before discontinued operations (39,170,777 ) 61,643 (39,109,134 ) Net loss for the year (40,794,817 ) 61,643 (40,733,174 ) Net loss attributable to owners of the Company (40,720,811 ) 61,643 (40,659,168 ) OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive loss for the year (40,710,561 ) 61,643 (40,648,918 ) INCOME (LOSS) PER SHARE Basic loss per share - continuing operations (3.29 ) 0.01 (3.29 ) Basic income (loss) per share - discontinued operations (0.14 ) - (0.14 ) Basic and diluted loss per share (3.43 ) 0.01 (3.42 ) Consolidated Statements of Financial Position As previously reported Adjustments As Restated As of August 31, 2020 Consolidated Statements of Financial Position As previously reported Adjustments As Restated $ $ $ ASSETS Non-Current Goodwill 18,785,807 (3,209,045 ) 15,576,762 Intangible assets 19,442,322 (7,113,326 ) 12,328,996 Total Non-Current Assets 41,240,004 (10,322,371 ) 30,917,633 Total Assets 53,415,477 (10,322,371 ) 43,093,106 SHAREHOLDERS’ EQUITY (DEFICIENCY) Deficit (72,094,162 ) (10,322,370 ) (82,416,532 ) Total Shareholders’ Equity (Deficiency), before non-controlling interest 45,907 (10,322,370 ) (10,276,463 ) Total Shareholders’ Equity (Deficiency) 263,292 (10,322,370 ) (10,059,078 ) Total Liabilities and Shareholders’ Equity (Deficiency) 53,415,477 (10,322,371 ) 43,093,106 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated For the year ended August 31, 2020 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated $ $ $ CONTINUING OPERATIONS EXPENSES Amortization and depreciation 3,549,374 (109,864 ) 3,439,510 Impairment of goodwill and intangibles - 10,432,234 10,432,234 Total expenses 37,101,740 10,322,370 47,424,110 Net income (loss) for the year before discontinued operations (26,555,897 ) (10,322,370 ) (36,878,267 ) Net loss for the year (32,416,108 ) (10,322,370 ) (42,738,478 ) Net loss attributable to owners of the Company (32,340,042 ) (10,322,370 ) (42,662,412 ) OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive loss for the year (33,341,145 ) (10,322,370 ) (43,663,515 ) INCOME (LOSS) PER SHARE Basic loss per share - continuing operations (8.98 ) (3.50 ) (12.48 ) Basic income (loss) per share - discontinued operations (1.99 ) - (1.99 ) Basic and diluted loss per share (10.96 ) (3.50 ) (14.46 )

Significant judgments, estimate

Significant judgments, estimates and assumptions	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Significant Judgments Estimates And Assumptions
Significant judgments, estimates and assumptions	3. Significant judgments, estimates and assumptions The preparation of these 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 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 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 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. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (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 consolidated financial statements is included in the following notes: Note 1 Going concern Note 30 Expected credit losses Note 21 Valuation of warrant liability Note 6 Business acquisitions Note 13 and 14 Goodwill and intangible assets Note 23 and 24 Valuation of share-based payments Note 20 Convertible debt Note 26 Contingencies (b) Update on 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.	3. Significant judgments, estimates and assumptions The preparation of these 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 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 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 consolidated financial statements are outlined below. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) 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. (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 consolidated financial statements is included in the following notes: Note 1 Going concern Note 30 Expected credit losses Note 21 Valuation of warrant liability Note 6 Business acquisitions Note 12 and 13 Goodwill and intangible assets Note 23 and 24 Valuation of share-based payments Note 19 Convertible debt Note 26 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.

Changes in significant accounti

Changes in significant accounting policies	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Changes In Significant Accounting Policies
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 1 - Non-current Liabilities with Covenants Amendments to IAS 1 and IFRS Practice Statement 2 – Disclosure of Accounting Policies 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. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	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 37 – Onerous Contracts – Cost of Fulfilling a Contract; Amendments to IAS 16 – Property, Plant and Equipment: Proceeds before Intended Use Amendments to IFRS 3 – Reference to the Conceptual Framework 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. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Significant accounting policies

Significant accounting policies	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Significant Accounting Policies
Significant accounting policies	5. Significant accounting policies (a) Foreign currency translation The functional currency of the Company and its subsidiaries is disclosed in Note 2(b). The presentation currency of the consolidated financial statements is the US Dollar (“USD”). The financial statements of entities that have a functional currency different from the presentation currency are translated into US dollars as follows: assets and liabilities at the closing rate at the date of the Company’s consolidated statement of financial position and income and expenses at the average rate of the year (as this is considered a reasonable approximation of the actual rates prevailing at the transaction dates). All resulting changes are recognized in other comprehensive income (loss) as foreign currency translation adjustments, except to the extent that the translation difference is allocated to non-controlling interest. Foreign currency transactions are translated into the functional currency of each entity using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of foreign currency transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in currencies other than an entity’s functional currency are recognized in the consolidated statements of loss. (b) Revenue recognition Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it transfers control of its services to a customer. The following provides information about the nature and timing of the satisfaction of performance obligations in contracts with customers, including significant payment terms and related revenue recognition policies: i) Software-as-a-service The Company enters into license agreements with customers for its content management system, video software, and mobile applications (Frankly), e-sports data platform (Stream Hatchet) and an influencer marketing platform (SideQik). These license agreements, generally non-cancellable, without paying a termination penalty, and multiyear, provide the customer with the right to use the Company’s application solely on a Company-hosted platform or, in certain instances, on purchased encoders. The license agreements also entitle the customer to technical support. Revenue from these license agreements is recognized ratably over the license term. Early termination fees are recognized when customer ceases use of agreed upon services prior to the expiration of their contract. These fees are recognized in full on the date the customer has completed their migration of the Company’s solutions and there is no continuing service obligation to the customer. The Company charges its customers for the optional use of its content delivery network to stream and store videos. The revenue is recognized as earned based on the actual usage because it has stand-alone value and delivery is in control of the customer. The Company also charges its customers for the use of its ad serving platform to serve ads under local advertising campaigns. The Company reports revenue as earned based on the actual usage. ii) Advertising Under national advertising agreements with advertisers, the Company sources, creates, and places advertising campaigns that run across the Company’s network of publisher sites. National advertising revenue, net of third-party costs, is shared with publishers based on their respective contractual agreements. The Company invoices national advertising amounts due from advertisers and remits payments to publishers for their share. Depending on the agreement with the publisher, the obligation to remit payment to the publisher is based on either billing to the advertiser or the collection of cash from the advertiser. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 National advertising revenue is recognized in the period during which the ad impressions are delivered. The Company reports revenue earned through national advertising agreements either on a net or gross basis. The Company applies judgement in recognizing revenue earned through national advertising agreements on a net or gross basis based on the criteria as disclosed below. Under national advertising agreements wherein the Company does not bear inventory risk and only has credit risk on its portion of the revenue, national advertising revenues are accounted for on a net basis and the publisher is identified as the customer. In select national advertising agreements with its publishers, the Company takes on inventory risk and additional credit risk. Under these agreements, the Company either a) provides the publisher with a guaranteed minimum gross selling price per advertising unit delivered, wherein the greater of the actual selling price or guaranteed minimum selling price is used in determining the publisher’s share or b) provides the publisher with a fixed rate per advertising unit delivered, wherein the publisher is paid the fixed rate per advertising unit delivered irrespective of the actual selling price. Under these national advertising agreements, national advertising revenues are accounted for on a gross basis with the advertiser identified as the customer and the publisher identified as a supplier, with amounts billed to the advertiser reported as revenue and amounts due to the publisher reported as a revenue sharing expense, within expenses. Also included in advertising revenue is advertising revenue generated by the Company’s various owned and operated properties. The Company assesses its revenue arrangements against specific criteria in order to determine if it is acting as principal or agent. When the Company acts in the capacity of an agent rather than as the principal in a transaction, the revenue recognized is the net amount of commission made by the Company. Deferred revenue consists of customer advances for Company services to be rendered that will be recognized as income in future periods. (c) Cash and equivalents, and restricted cash The “cash and cash equivalents” category consists of cash in banks, call deposits and other highly liquid investments with initial maturities of three months or less. Any investments in securities, investments with initial maturities greater than three months without early redemption feature and bank accounts subject to restrictions, other than restrictions due to regulations specific to a country or activity sector (exchange controls, etc.) are not presented as cash equivalents but as financial assets. Bank overdrafts that are repayable on demand and form an integral part of the Company’s cash management are included as a component of cash and cash equivalents for the purpose of the statement of cash flows. Restricted cash is presented as a separate category on the statement of financial position and consists of cash in a bank account restricted for use in the WinView Inc. businesses (Note 18). (d) Accounts and other receivables Trade receivables are recognized initially at fair value and subsequently measured at amortized cost less provision for impairment of trade accounts receivable. A provision for impairment of trade accounts receivable is established based on a forward-looking “expected loss” impairment model. The carrying amount of the trade receivables is reduced using the provision for impairment account, and the amount of any increase in the provision for impairment is recognized in the consolidated statement of loss and comprehensive loss. When a trade receivable is uncollectible, it is written off against the provision for impairment account for trade accounts receivable. Subsequent recoveries of amounts previously written off are credited to the consolidated statement of loss and comprehensive loss. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (e) Property and equipment Property and equipment are carried at historical cost less any accumulated depreciation and impairment losses. Historical cost includes the acquisition cost or production cost as well as the costs directly attributable to bringing the asset to the location and condition necessary for its use in operations. When property and equipment include significant components with different useful lives, they are recorded and depreciated separately. Depreciation is computed using the straight-line and declining balance methods based on the estimated useful life of the assets. Useful life is reviewed at the end of each reporting period. After initial recognition, the cost model is applied to property and equipment. Where parts of an item of property and equipment have different useful lives, they are accounted for as separate items of property and equipment. The Company recognizes in the carrying amount of an item of property, plant and equipment the cost of replacing part of such an item when that cost is incurred if it is probable that the future economic benefits embodied with the item will flow to the Company and the cost of the item can be measured reliably. All other costs are recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Depreciation is provided at rates calculated to write off the cost of property, plant and equipment less their estimated residual value on the straight-line and declining balance methods, over the estimated useful lives, as follows. Schedule of estimated useful lives of property, plant and equipment Computer equipment 3 Furniture and fixtures 5 Leasehold improvements Term of the lease, plus one renewal (f) Goodwill Goodwill arising on an acquisition of a business is carried at cost as established at the date of acquisition of the business less accumulated impairment losses, if any. (g) Intangible assets Intangible assets include acquired software used in production or administration and brand names and customer relationships that qualify for recognition as an intangible asset in a business combination. They are accounted for using the cost model whereby capitalized costs are amortized on a straight-line basis over their estimated useful lives, as these assets are considered finite. Residual values and useful lives are reviewed at each reporting date. The useful lives of the intangibles are as follows: Schedule of useful lives of intangibles Software 3 5 Brands 1 20 Customer relationships 1 10 Patents 5 Application platforms 3 Acquired computer software licenses are capitalized on the basis of the costs incurred to acquire and install the specific software. Subsequent expenditure on brands is expensed as incurred. Costs associated with maintaining computer software (expenditure relating to patches and other minor updates as well as their installation), are expensed as incurred. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Patents and Application platforms with a finite useful life that are acquired in an asset acquisition are initially recognized on the basis of their relative fair value at the acquisition date. These assets are amortized on a straight-line basis over their useful life, which is generally up to 5 years. Amortization is calculated over the cost of the asset less its residual value. Amortization expense is recognized on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. Other intangible assets, such as brands, that are acquired by the Company are stated at cost less accumulated amortization and impairment losses. Expenditures on internally generated brands, mastheads or editorial pages, publishing titles, customer lists and items similar in substance is recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Research costs are expensed when incurred. Development costs are capitalized when the feasibility and profitability of the project can be reasonably considered certain. Expenditure on development activities, whereby research findings are applied to a plan or design to produce new or substantially improved products and processes, is capitalized if the product or process is technically and commercially feasible and the Company has sufficient resources to complete development. The expenditure capitalized includes the cost of materials, direct labor and an appropriate proportion of overheads. Other development expenditure is recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Capitalized development expenditure is stated at cost less accumulated amortization and impairment losses. (h) Impairment of property and equipment, intangible assets and goodwill i) Timing of impairment testing The carrying values of property and equipment and finite life intangible assets are assessed at the reporting date as to whether there is any indication that the assets may be impaired. Goodwill and indefinite life intangible assets are tested for impairment annually or when there is an indication that the asset may be impaired. ii) Impairment testing If any indication of impairment exists or when the annual impairment testing for an asset is required, the Company estimates the recoverable amount of the asset or cash generating unit (“CGU”) to which the asset relates to determine the extent of any impairment loss. The recoverable amount is the higher of an asset’s or CGU’s fair value less costs of disposal and its value in use (“VIU”) to the Company. In assessing VIU, estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. In determining fair value less costs of disposal, recent market transactions are considered, if available. If the recoverable amount of an asset or a CGU is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognized immediately in the consolidated statement of loss and comprehensive loss. For impaired assets, excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer exist or may have decreased. If such indication exists, the Company estimates the asset’s recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of amortization, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the consolidated statement of loss and comprehensive loss. Impairment losses relating to goodwill cannot be reversed. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (i) Leases The Company assesses whether a contract is or contains a lease, at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets (such as tablets and personal computers, small items of office furniture and telephones). For these leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise: ● Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable; ● Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; ● The amount expected to be payable by the lessee under any residual value guarantees; ● The exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and ● Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The lease liability is presented as a separate line in the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: ● The lease term has changed or there is a significant event or change in circumstances resulting in a change the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. ● The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). ● A lease contract is modified, and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. The Company did not make any such adjustments during the periods presented. The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The right-of-use assets are presented as a separate line in the consolidated statement of financial position. The Company applies IAS 36 Impairment of Assets Variable rents that do not depend on an index or rate are not included in the measurement the lease liability and the right-of-use asset. The related payments are recognized as an expense in the period in which the event or condition that triggers those payments occurs and are included in the line “other expenses” in profit or loss. As a practical expedient, IFRS 16 Leases (j) Issuance of Units The Company issues units that consist of shares and warrants. The fair value is allocated to the shares and warrants utilizing the relative fair value method. (k) Financial instruments Financial assets Recognition and Initial Measurement The Company recognizes financial assets when it becomes party to the contractual provisions of the instrument. Financial assets are measured initially at their fair value plus, in the case of financial assets not subsequently measured at fair value through profit or loss, transaction costs that are directly attributable to their acquisition. Transaction costs attributable to the acquisition of financial assets subsequently measured at fair value through profit or loss are expensed in profit or loss when incurred. Classification and Subsequent Measurement On initial recognition, financial assets and liabilities are classified as subsequently measured at amortized cost, fair value through other comprehensive income (“FVOCI”) or fair value through profit or loss (“FVTPL”). The Company determines the classification of its financial assets, together with any embedded derivatives, based on the business model for managing the financial assets and their contractual cash flow characteristics. Financial assets are classified as follows: ● Amortized cost - Assets that are held for collection of contractual cash flows where those cash flows are solely payments of principal and interest are measured at amortized cost. Interest revenue is calculated using the effective interest method and gains or losses arising from impairment, foreign exchange and derecognition are recognized in profit or loss. Financial assets measured at amortized cost are comprised of cash, restricted cash, accounts and other receivables and advances. ● Fair value through other comprehensive income - Assets that are held for collection of contractual cash flows and for selling the financial assets, and for which the contractual cash flows are solely payments of principal and interest, are measured at fair value through other comprehensive income. Interest income calculated using the effective interest method and gains or losses arising from impairment and foreign exchange are recognized in profit or loss. All other changes in the carrying amount of the financial assets are recognized in other comprehensive income. Upon derecognition, the cumulative gain or loss previously recognized in other comprehensive income is reclassified to profit or loss. The Company does not hold any financial assets measured at fair value through other comprehensive income. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 ● Mandatorily at fair value through profit or loss - Assets that do not meet the criteria to be measured at amortized cost, or fair value through other comprehensive income, are measured at fair value through profit or loss. All interest income and changes in the financial assets’ carrying amount are recognized in profit or loss. Financial assets measured mandatorily at fair value through profit and loss include publisher advance, promissory notes receivable and investment at FVTPL. ● Designated at fair value through profit or loss – On initial recognition, the Company may irrevocably designate a financial asset to be measured at fair value through profit or loss in order to eliminate or significantly reduce an accounting mismatch that would otherwise arise from measuring assets or liabilities, or recognizing the gains and losses on them, on different bases. All interest income and changes in the financial assets’ carrying amount are recognized in profit or loss. Business Model Assessment The Company assesses the objective of its business model for holding a financial asset at a level of aggregation which best reflects the way the business is managed, and the way information is provided to management. Information considered in this assessment includes stated policies and objectives. Contractual Cash Flow Assessment The cash flows of financial assets are assessed as to whether they are solely payments of principal and interest on the basis of their contractual terms. For this purpose, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money, the credit risk associated with the principal amount outstanding, and other basic lending risks and costs. In performing this assessment, the Company considers factors that would alter the timing and amount of cash flows such as prepayment and extension features, terms that might limit the Company’s claim to cash flows, and any features that modify consideration for the time value of money. Impairment The Company recognizes a loss allowance for the expected credit losses associated with its financial assets, other than financial assets measured at fair value through profit or loss. Expected credit losses are measured to reflect a probability-weighted amount, the time value of money, and reasonable and supportable information regarding past events, current conditions, and forecasts of future economic conditions. The Company applies the simplified approach for accounts receivable. Using the simplified approach, the Company records a loss allowance equal to the expected credit losses resulting from all possible default events over the assets’ contractual lifetime. The Company assesses whether a financial asset is credit-impaired at the reporting date. Regular indicators that a financial instrument is credit-impaired include significant financial difficulties as evidenced through borrowing patterns or observed balances in other accounts and breaches of borrowing contracts such as default events or breaches of borrowing covenants. For financial assets assessed as credit-impaired at the reporting date, the Company continues to recognize a loss allowance equal to lifetime expected credit losses. For financial assets measured at amortized cost, loss allowances for expected credit losses are presented in the statement of financial position as a deduction from the gross carrying amount of the financial asset. Financial assets are written off when the Company has no reasonable expectations of recovering all or any portion thereof. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Derecognition of Financial Assets The Company derecognizes a financial asset when its contractual rights to the cash flows from the financial asset expire. Financial Liabilities Recognition and Initial Measurement The Company recognizes a financial liability when it becomes party to the contractual provisions of the instrument. At initial recognition, the Company measures financial liabilities at their fair value plus transaction costs that are directly attributable to their issuance, except for financial liabilities subsequently measured at fair value through profit or loss for which transaction costs are immediately recorded in profit or loss. Financial liabilities are classified as either financial liabilities at FVTPL or at amortized cost. The Company determines the classification of its financial liabilities at initial recognition. ● Amortized cost - Financial liabilities are classified as measured at amortized cost unless they fall into one of the following categories: financial liabilities at FVTPL, financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition, financial guarantee contracts, or commitments to provide a loan at a below-market interest rate, or contingent consideration recognized by an acquirer in a business combination. The Company’s accounts payable, accrued liabilities, players liability account, line of credit, long-term debt and promissory notes payable do not fall into any of the exemptions and are therefore classified as measured at amortized cost. ● Financial liabilities recorded at FVTPL - Financial liabilities are classified as FVTPL if they fall into one of the five exemptions detailed above, or they are derivatives or they are designated as such on initial recognition. The Company’s warrants that are not issued in exchange for goods or services and have characteristics of derivative financial liabilities as a result of the warrants having an exercise price in a currency different from the functional currency of the Company, are measured as financial liabilities at FVTPL. The Company’s convertible debt is designated as financial liabilities at FVTPL. Transaction costs Transaction costs associated with financial instruments, carried at FVTPL, are expensed as incurred, while transaction costs associated with all other financial instruments are included or deducted from the initial carrying amount of the asset or the liability. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Subsequent measurement Instruments classified as FVTPL are measured at fair value with unrealized gains and losses recognized in profit or loss. Instruments classified as amortized cost are measured at amortized cost using the effective interest rate method. Instruments classified as FVTOCI are measured at fair value with unrealized gains and losses recognized in other comprehensive income. Derecognition of financial liabilities The Company derecognizes financial liabilities only when its obligations under the financial liabilities are discharged, cancelled, or expired. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable, including any noncash assets transferred or liabilities assumed, is recognized in profit or loss. Fair value measurement The Company categorizes its financial assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs used in the measurement. Level 1: This level includes assets and liabilities measured at fair value based on unadjusted quoted prices for identical assets and liabilities in active markets that are accessible at the measurement date. Level 2: This level includes valuations determined using directly or indirectly observable inputs other than quoted prices included within Level 1. Level 3: This level includes valuations based on inputs which are unobservable. Offsetting Financial assets and liabilities are offset, and the net amount presented in the statement of financial position when, and only when, the Company has a legal right to offset the amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. (l) Short-term employee benefits Short-term employee benefits include wages, salaries, compensated absences, profit-sharing and bonuses. Short-term employee benefit obligations are measured on an undiscounted basis and are recognized in salaries and wages expense as the related service is provided or capitalized if the service rendered is in connection with the creation of an asset. A liability is recognized for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (m) Income taxes Income tax on the profit or loss for the periods presented comprises current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity. Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at year end, adjusted for amendments to tax payable with regards to previous years. Deferred tax is provided using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for the following temporary differences: the initial recognition of goodwill; the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit; and differences relating to investments in subsidiaries, associates, and jointly controlled entities to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the financial position reporting date applicable to the period of expected realization or settlement. A deferred tax asset is recognize	5. Significant accounting policies (a) Foreign currency translation The functional currency of the Company and its subsidiaries is disclosed in Note 2 The financial statements of entities that have a functional currency different from the presentation currency are translated into US dollars as follows: assets and liabilities at the closing rate at the date of the Company’s consolidated statement of financial position and income and expenses at the average rate of the year (as this is considered a reasonable approximation of the actual rates prevailing at the transaction dates). All resulting changes are recognized in other comprehensive income (loss) as foreign currency translation adjustments, except to the extent that the translation difference is allocated to non-controlling interest. Foreign currency transactions are translated into the functional currency of each entity using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of foreign currency transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in currencies other than an entity’s functional currency are recognized in the consolidated statements of loss. (b) Revenue recognition Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it transfers control of its services to a customer. The following provides information about the nature and timing of the satisfaction of performance obligations in contracts with customers, including significant payment terms and related revenue recognition policies: i) Games development Game development income is derived from the development and sale of gaming applications. Revenue from game development is recognized by reference to the stage of completion. Stage of completion is measured by reference to actual costs incurred to date as a percentage of total estimated costs for each contract. ii) Direct to Consumer Sponsorship, tournament and event income is income directly associated with an e-sport or sporting event or tournament. Sponsorship, tournament and event income is recognized upon completion of the underlying event. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars) iii) Software-as-a-service The Company enters into license agreements with customers for its content management system, video software, and mobile applications (Frankly), e-sports data platform (Stream Hatchet) and an influencer marketing platform (SideQik). These license agreements, generally non-cancellable, without paying a termination penalty, and multiyear, provide the customer with the right to use the Company’s application solely on a Company-hosted platform or, in certain instances, on purchased encoders. The license agreements also entitle the customer to technical support. Revenue from these license agreements is recognized ratably over the license term. Early termination fees are recognized when customer ceases use of agreed upon services prior to the expiration of their contract. These fees are recognized in full on the date the customer has completed their migration of the Company’s solutions and there is no continuing service obligation to the customer. The Company charges its customers for the optional use of its content delivery network to stream and store videos. The revenue is recognized as earned based on the actual usage because it has stand-alone value and delivery is in control of the customer. The Company also charges its customers for the use of its ad serving platform to serve ads under local advertising campaigns. The Company reports revenue as earned based on the actual usage. iv) Advertising Under national advertising agreements with advertisers, the Company sources, creates, and places advertising campaigns that run across the Company’s network of publisher sites. National advertising revenue, net of third-party costs, is shared with publishers based on their respective contractual agreements. The Company invoices national advertising amounts due from advertisers and remits payments to publishers for their share. Depending on the agreement with the publisher, the obligation to remit payment to the publisher is based on either billing to the advertiser or the collection of cash from the advertiser. National advertising revenue is recognized in the period during which the ad impressions are delivered. The Company reports revenue earned through national advertising agreements either on a net or gross basis. Under national advertising agreements wherein the Company does not bear inventory risk and only has credit risk on its portion of the revenue, national advertising revenues are accounted for on a net basis and the publisher is identified as the customer. In select national advertising agreements with its publishers, the Company takes on inventory risk and additional credit risk. Under these agreements, the Company either a) provides the publisher with a guaranteed minimum gross selling price per advertising unit delivered, wherein the greater of the actual selling price or guaranteed minimum selling price is used in determining the publisher’s share or b) provides the publisher with a fixed rate per advertising unit delivered, wherein the publisher is paid the fixed rate per advertising unit delivered irrespective of the actual selling price. Under these national advertising agreements, national advertising revenues are accounted for on a gross basis with the advertiser identified as the customer and the publisher identified as a supplier, with amounts billed to the advertiser reported as revenue and amounts due to the publisher reported as a revenue sharing expense, within expenses. Also included in advertising revenue is advertising revenue generated by the Company’s various owned and operated properties. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars) v) Professional services Professional services consist primarily of installation and website design services (Frankly) and data analysis report delivery (Steam Hatchet). Installation fees are contracted on a fixed-fee basis. The Company recognizes revenue as services are performed. Such services are readily available from other vendors and are not considered essential to the functionality of the service. Website design services are also not considered essential to the functionality of the product and have historically been insignificant; the fee allocable to website design is recognized as revenue as the Company performs the services. The Company assesses its revenue arrangements against specific criteria in order to determine if it is acting as principal or agent. When the Company acts in the capacity of an agent rather than as the principal in a transaction, the revenue recognized is the net amount of commission made by the Company. Deferred revenue consists of customer advances for Company services to be rendered that will be recognized as income in future periods. (c) Cash and equivalents, and restricted cash The “cash and cash equivalents” category consists of cash in banks, call deposits and other highly liquid investments with initial maturities of three months or less. Any investments in securities, investments with initial maturities greater than three months without early redemption feature and bank accounts subject to restrictions, other than restrictions due to regulations specific to a country or activity sector (exchange controls, etc.) are not presented as cash equivalents but as financial assets. Bank overdrafts that are repayable on demand and form an integral part of the Company’s cash management are included as a component of cash and cash equivalents for the purpose of the statement of cash flows. Restricted cash is presented as a separate category on the statement of financial position and consists of cash in a bank account restricted for use in the UMG Media Ltd. and WinView Inc. businesses (Note 17) (d) Accounts and other receivables Trade receivables are recognized initially at fair value and subsequently measured at amortized cost less provision for impairment of trade accounts receivable. A provision for impairment of trade accounts receivable is established based on a forward-looking “expected loss” impairment model. The carrying amount of the trade receivables is reduced using the provision for impairment account, and the amount of any increase in the provision for impairment is recognized in the consolidated statement of loss and comprehensive loss. When a trade receivable is uncollectible, it is written off against the provision for impairment account for trade accounts receivable. Subsequent recoveries of amounts previously written off are credited to the consolidated statement of loss and comprehensive loss. (e) Property and equipment Property and equipment are carried at historical cost less any accumulated depreciation and impairment losses. Historical cost includes the acquisition cost or production cost as well as the costs directly attributable to bringing the asset to the location and condition necessary for its use in operations. When property and equipment include significant components with different useful lives, they are recorded and depreciated separately. Depreciation is computed using the straight-line and declining balance methods based on the estimated useful life of the assets. Useful life is reviewed at the end of each reporting period. After initial recognition, the cost model is applied to property and equipment. Where parts of an item of property and equipment have different useful lives, they are accounted for as separate items of property and equipment. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars) The Company recognizes in the carrying amount of an item of property, plant and equipment the cost of replacing part of such an item when that cost is incurred if it is probable that the future economic benefits embodied with the item will flow to the Company and the cost of the item can be measured reliably. All other costs are recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Depreciation is provided at rates calculated to write off the cost of property, plant and equipment less their estimated residual value on the straight-line and declining balance methods, over the estimated useful lives, as follows. Schedule of estimated useful lives of property, plant and equipment Computer equipment 3 Furniture and fixtures 5 Leasehold improvements Term of the lease, plus one renewal (f) Goodwill Goodwill arising on an acquisition of a business is carried at cost as established at the date of acquisition of the business less accumulated impairment losses, if any. (g) Intangible assets Intangible assets include acquired software used in production or administration and brand names and customer relationships that qualify for recognition as an intangible asset in a business combination. They are accounted for using the cost model whereby capitalized costs are amortized on a straight-line basis over their estimated useful lives, as these assets are considered finite. Residual values and useful lives are reviewed at each reporting date. The useful lives of the intangibles are as follows: Schedule of useful lives of intangibles Software 3 5 Brands 1 20 Customer relationships 1 10 Patents 5 Application platforms 3 Acquired computer software licenses are capitalized on the basis of the costs incurred to acquire and install the specific software. Subsequent expenditure on brands is expensed as incurred. Costs associated with maintaining computer software (expenditure relating to patches and other minor updates as well as their installation), are expensed as incurred. Patents and Application platforms with a finite useful life that are acquired in an asset acquisition are initially recognized on the basis of their relative fair value at the acquisition date. These assets are amortized on a straight-line basis over their useful life, which is generally up to 5 years. Amortization is calculated over the cost of the asset less its residual value. Amortization expense is recognized on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. Other intangible assets, such as brands, that are acquired by the Company are stated at cost less accumulated amortization and impairment losses. Expenditures on internally generated brands, mastheads or editorial pages, publishing titles, customer lists and items similar in substance is recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Research costs are expensed when incurred. Development costs are capitalized when the feasibility and profitability of the project can be reasonably considered certain. Expenditure on development activities, whereby research findings are applied to a plan or design to produce new or substantially improved products and processes, is capitalized if the product or process is technically and commercially feasible and the Company has sufficient resources to complete development. The expenditure capitalized includes the cost of materials, direct labor and an appropriate proportion of overheads. Other development expenditure is recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Capitalized development expenditure is stated at cost less accumulated amortization and impairment losses. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars) (h) Impairment of property and equipment, intangible assets and goodwill i) Timing of impairment testing The carrying values of property and equipment and finite life intangible assets are assessed at the reporting date as to whether there is any indication that the assets may be impaired. Goodwill and indefinite life intangible assets are tested for impairment annually or when there is an indication that the asset may be impaired. ii) Impairment testing If any indication of impairment exists or when the annual impairment testing for an asset is required, the Company estimates the recoverable amount of the asset or cash generating unit (“CGU”) to which the asset relates to determine the extent of any impairment loss. The recoverable amount is the higher of an asset’s or CGU’s fair value less costs of disposal and its value in use (“VIU”) to the Company. In assessing VIU, estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. In determining fair value less costs of disposal, recent market transactions are considered, if available. If the recoverable amount of an asset or a CGU is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognized immediately in the consolidated statement of loss and comprehensive loss. For impaired assets, excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer exist or may have decreased. If such indication exists, the Company estimates the asset’s recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of amortization, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the consolidated statement of loss and comprehensive loss. Impairment losses relating to goodwill cannot be reversed. (i) Leases The Company assesses whether a contract is or contains a lease, at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets (such as tablets and personal computers, small items of office furniture and telephones). For these leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars) The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise: ● Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable; ● Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; ● The amount expected to be payable by the lessee under any residual value guarantees; ● The exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and ● Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The lease liability is presented as a separate line in the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: ● The lease term has changed or there is a significant event or change in circumstances resulting in a change the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. ● The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). ● A lease contract is modified, and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. The Company did not make any such adjustments during the periods presented. The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The right-of-use assets are presented as a separate line in the consolidated statement of financial position. The Company applies IAS 36 Impairment to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in the ‘property and equipment’ policy. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Variable rents that do not depend on an index or rate are not included in the measurement the lease liability and the right-of-use asset. The related payments are recognized as an expense in the period in which the event or condition that triggers those payments occurs and are included in the line “other expenses” in profit or loss. As a practical expedient, IFRS 16 Leases permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Company has not used this practical expedient. For contracts that contain a lease component and one or more additional lease or non-lease components, the Company allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and the aggregate stand-alone price of the non-lease components. (j) Financial instruments Financial assets Recognition and Initial Measurement The Company recognizes financial assets when it becomes party to the contractual provisions of the instrument. Financial assets are measured initially at their fair value plus, in the case of financial assets not subsequently measured at fair value through profit or loss, transaction costs that are directly attributable to their acquisition. Transaction costs attributable to the acquisition of financial assets subsequently measured at fair value through profit or loss are expensed in profit or loss when incurred. Classification and Subsequent Measurement On initial recognition, financial assets and liabilities are classified as subsequently measured at amortized cost, fair value through other comprehensive income (“FVOCI”) or fair value through profit or loss (“FVTPL”). The Company determines the classification of its financial assets, together with any embedded derivatives, based on the business model for managing the financial assets and their contractual cash flow characteristics. Financial assets are classified as follows: ● Amortized cost - Assets that are held for collection of contractual cash flows where those cash flows are solely payments of principal and interest are measured at amortized cost. Interest revenue is calculated using the effective interest method and gains or losses arising from impairment, foreign exchange and derecognition are recognized in profit or loss. Financial assets measured at amortized cost are comprised of cash, restricted cash, accounts and other receivables and advances. ● Fair value through other comprehensive income - Assets that are held for collection of contractual cash flows and for selling the financial assets, and for which the contractual cash flows are solely payments of principal and interest, are measured at fair value through other comprehensive income. Interest income calculated using the effective interest method and gains or losses arising from impairment and foreign exchange are recognized in profit or loss. All other changes in the carrying amount of the financial assets are recognized in other comprehensive income. Upon derecognition, the cumulative gain or loss previously recognized in other comprehensive income is reclassified to profit or loss. The Company does not hold any financial assets measured at fair value through other comprehensive income. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) ● Mandatorily at fair value through profit or loss - Assets that do not meet the criteria to be measured at amortized cost, or fair value through other comprehensive income, are measured at fair value through profit or loss. All interest income and changes in the financial assets’ carrying amount are recognized in profit or loss. None of the Company’s assets fall under this category. ● Designated at fair value through profit or loss – On initial recognition, the Company may irrevocably designate a financial asset to be measured at fair value through profit or loss in order to eliminate or significantly reduce an accounting mismatch that would otherwise arise from measuring assets or liabilities, or recognizing the gains and losses on them, on different bases. All interest income and changes in the financial assets’ carrying amount are recognized in profit or loss. Business Model Assessment The Company assesses the objective of its business model for holding a financial asset at a level of aggregation which best reflects the way the business is managed, and the way information is provided to management. Information considered in this assessment includes stated policies and objectives. Contractual Cash Flow Assessment The cash flows of financial assets are assessed as to whether they are solely payments of principal and interest on the basis of their contractual terms. For this purpose, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money, the credit risk associated with the principal amount outstanding, and other basic lending risks and costs. In performing this assessment, the Company considers factors that would alter the timing and amount of cash flows such as prepayment and extension features, terms that might limit the Company’s claim to cash flows, and any features that modify consideration for the time value of money. Impairment The Company recognizes a loss allowance for the expected credit losses associated with its financial assets, other than financial assets measured at fair value through profit or loss. Expected credit losses are measured to reflect a probability-weighted amount, the time value of money, and reasonable and supportable information regarding past events, current conditions, and forecasts of future economic conditions. The Company applies the simplified approach for accounts receivable. Using the simplified approach, the Company records a loss allowance equal to the expected credit losses resulting from all possible default events over the assets’ contractual lifetime. The Company assesses whether a financial asset is credit-impaired at the reporting date. Regular indicators that a financial instrument is credit-impaired include significant financial difficulties as evidenced through borrowing patterns or observed balances in other accounts and breaches of borrowing contracts such as default events or breaches of borrowing covenants. For financial assets assessed as credit-impaired at the reporting date, the Company continues to recognize a loss allowance equal to lifetime expected credit losses. For financial assets measured at amortized cost, loss allowances for expected credit losses are presented in the statement of financial position as a deduction from the gross carrying amount of the financial asset. Financial assets are written off when the Company has no reasonable expectations of recovering all or any portion thereof. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Derecognition of Financial Assets The Company derecognizes a financial asset when its contractual rights to the cash flows from the financial asset expire. Financial Liabilities Recognition and Initial Measurement The Company recognizes a financial liability when it becomes party to the contractual provisions of the instrument. At initial recognition, the Company measures financial liabilities at their fair value plus transaction costs that are directly attributable to their issuance, except for financial liabilities subsequently measured at fair value through profit or loss for which transaction costs are immediately recorded in profit or loss. Financial liabilities are classified as either financial liabilities at FVTPL or at amortized cost. The Company determines the classification of its financial liabilities at initial recognition. ● Amortized cost - Financial liabilities are classified as measured at amortized cost unless they fall into one of the following categories: financial liabilities at FVTPL, financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition, financial guarantee contracts, or commitments to provide a loan at a below-market interest rate, or contingent consideration recognized by an acquirer in a business combination. The Company’s accounts payable, accrued liabilities, players liability account, lease obligation, line of credit, long-term debt, promissory notes payable and deferred purchase consideration do not fall into any of the exemptions and are therefore classified as measured at amortized cost. ● Financial liabilities recorded at FVTPL - Financial liabilities are classified as FVTPL if they fall into one of the five exemptions detailed above, or they are derivatives or they are designated as such on initial recognition. The Company’s warrants that are not issued in exchange for goods or services and have characteristics of derivative financial liabilities as a result of the warrants having an exercise price in a currency different from the functional currency of the Company, are measured as financial liabilities at FVTPL. The Company’s convertible debt is designated as financial liabilities at FVTPL. Transaction costs Transaction costs associated with financial instruments, carried at FVTPL, are expensed as incurred, while transaction costs associated with all other financial instruments are included or deducted from the initial carrying amount of the asset or the liability. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Subsequent measurement Instruments classified as FVTPL are measured at fair value with unrealized gains and losses recognized in profit or loss. Instruments classified as amortized cost are measured at amortized cost using the effective interest rate method. Instruments classified as FVTOCI are measured at fair value with unrealized gains and losses recognized in other comprehensive income. Derecognition of financial liabilities The Company derecognizes financial liabilities only when its obligations under the financial liabilities are discharged, cancelled, or expired. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable, including any noncash assets transferred or liabilities assumed, is recognized in profit or loss. Fair value measurement The Company categorizes its financial assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs used in the measurement. Level 1: This level includes assets and liabilities measured at fair value based on unadjusted quoted prices for identical assets and liabilities in active markets that are accessible at the measurement date. Level 2: This level includes valuations determined using directly or indirectly observable inputs other than quoted prices included within Level 1. Level 3: This level includes valuations based on inputs which are unobservable. Offsetting Financial assets and liabilities are offset, and the net amount presented in the statement of financial position when, and only when, the Company has a legal right to offset the amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. (k) Short-term employee benefits Short-term employee benefits include wages

Acquisitions

Acquisitions	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of detailed information about business combination [abstract]
Acquisitions	6. Acquisitions Acquisition of SideQik, Inc On July 2, 2021, the Company acquired all issued and outstanding shares of SideQik, Inc. (“SideQik”) which was carried out pursuant to a statutory reverse-triangular merger. The Company issued 386,584 23,939 SideQik empowers brands to discover and connect with content creating influencers across any content vertical. The acquisition of Sideqik (combined with a prior acquisition of Stream Hatchet) brings technology and customers that are expected to expand Engine’s advertising and media offerings. All transaction costs associated with this acquisition were expensed. If the acquisition of SideQik had occurred at the beginning of the Company’s fiscal year (September 1, 2020), the loss attributed to SideQik’s operations for the year ended August 31, 2021, would have been $ 1,130,080 2,148,987 383,167 412,981 The acquisition was accounted for using the acquisition method of accounting under IFRS 3, Business Combinations, which requires that the Company recognize the identifiable assets acquired and the liabilities assumed at their fair values on the date of acquisition. The estimated fair values are preliminary and based on the information that was available as of that date. The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 386,584 $ 3,962,000 RSUs 23,939 $ 245,000 $ 4,207,000 Fair value of identifiable assets acquired Cash $ 255,852 Accounts and other receivables 817,557 Prepaid and other current assets 69,631 Property and equipment 12,730 Intangible assets - Software (Useful life - 5 910,000 Intangible assets - Brand (Useful life - 10 210,000 Intangible assets - Customer relationships (Useful life - 10 310,000 Goodwill 2,900,193 Accounts payable (292,571 ) Accrued liabilities (502,392 ) Deferred revenue (484,000 ) $ 4,207,000 The Company common shares issued for the acquisition of SideQik were subject to lock-up restrictions to be discharged 16 2/3% at 180 days from the closing date, and thereafter another 16 2/3% on the 15 th th . Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Significant judgments and assumptions related to the valuation and useful lives of certain classes of assets acquired are as follows: i) Intangible assets, software The fair value of the software intangible asset was determined based on the relief from royalty method under the income approach. The software intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) revenue projections; (ii) royalty rate of 7.5 25.5 20 five years ii) Intangible assets, brand The fair value of the brand intangible asset was determined based on the relief from royalty method under the income approach. The brand intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) cash flow projections with long term growth rate of 3 0.5 25.5 20.0 ten years iii) Intangible assets, customer relationships SideQik has created custom partnerships with clients to build out integrations with proprietary brand tools which are expected to result in future sales. The fair value of the customer relationships intangible asset was determined based on the excess earnings method under the income approach. The customer relationships intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) cash flow projections with long term growth rate of 3 15 22.0 25.5 ten years iv) Goodwill The difference between the acquisition date fair value of the consideration transferred and the values assigned to the assets acquired and liabilities assumed represents goodwill of $ 2,900,193 The goodwill recorded represents the following: ● Cost savings and operating synergies expected to result from combining the operations of SideQik with those of the Company. ● Intangible assets that do not qualify for separate recognition such as the assembled workforce.	6. Acquisitions (a) UMG Media Ltd. On December 31, 2019, the Company acquired all issued and outstanding shares of UMG Media Ltd. (“UMG”) which was carried out by way of a plan of arrangement under the Business Corporations Act (Alberta). UMG shareholders received, on an exchange ratio of 0.0643205 288,560 54,157 All transaction costs associated with this acquisition have been expensed. If the acquisition of UMG had occurred at the beginning of the Company’s fiscal year (September 1, 2019), the loss attributed to UMG’s operations for the year ended August 31, 2020, would have been $ 3,519,046 491,323 1,875,539 314,948 The acquisition was accounted for using the acquisition method of accounting under IFRS 3, Business Combinations, which requires that the Company recognize the identifiable assets acquired and the liabilities assumed at their fair values on the date of acquisition. The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 288,560 $ 3,804,344 Options and warrants exchanged 26,553 41,879 $ 3,846,223 Fair value of identifiable assets acquired Cash $ (82,528 ) Restricted cash 112,901 Accounts and other receivables 76,052 Prepaid and other current assets 88,877 Property and equipment 313,622 Right-of-use asset 388,996 Intangible assets - Application platforms (Useful life - 5 560,000 Intangible assets - Brand (Useful life - 6 510,000 Intangible assets - Customer lists (Useful life - 3 460,000 Goodwill 3,209,045 Accounts payable and accrued liabilities (761,766 ) Lease liabilities (420,863 ) Players liability account (112,902 ) Promissory notes (430,745 ) Deferred revenue (64,466 ) $ 3,846,223 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The Engine Media common shares issued were valued based on the closing price on the TSX Venture exchange on December 31, 2019. Significant judgments and assumptions related to the valuation and useful lives of certain classes of assets acquired are as follows: i) Intangible assets, application platforms UMG had certain proprietary technology used in its platform, which the Company expects will contribute to future cash flow. The fair value of the software intangible asset was determined based on the relief from royalty method under the income approach. The software intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) revenue projections; (ii) royalty rate of 7 5 17.5 five years ii) Intangible assets, brand UMG had established itself as a recognized brand in its industry and is well known amongst gaming enthusiasts and the esports community. The Company expects the brand will contribute to future cash flow. The fair value of the brand intangible asset was determined based on the relief from royalty method under the income approach. The brand intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) revenue projections with long term growth rate of 3 2 18.5 six years iii) Intangible assets, customer lists UMG had an established customer list which is expected to result in future sales. The fair value of the customer list intangible asset was determined based on the cost approach. The customer list intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) number of active users; (ii) user acquisition cost; (iii) time to recreate of 1.5 10 16.5 three years iv) Goodwill The difference between the acquisition date fair value of the consideration transferred and the values assigned to the assets acquired and liabilities assumed represents goodwill of $ 3,209,045 The goodwill recorded represents the following: ● Cost savings and operating synergies expected to result from combining the operations of UMG with those of the Company ● Intangible assets that do not qualify for separate recognition such as the assembled workforce Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) (b) Frankly Inc. On May 8, 2020, the Company acquired all issued and outstanding shares of Frankly Inc. (“Frankly”) which was carried out by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). Frankly shareholders received one share of the Company’s common shares for each share of Frankly. In total, the Company issued 2,258,215 All transaction costs associated with this acquisition were expensed. If the acquisition of Frankly had occurred at the beginning of the Company’s fiscal year (September 1, 2019), the loss attributed to Frankly’s operations for the year ended August 31, 2020, would have been $ 8,350,289 23,165,702 2,266,289 6,404,736 The acquisition was accounted for using the acquisition method of accounting under IFRS 3, Business Combinations, which requires that the Company recognize the identifiable assets acquired and the liabilities assumed at their fair values on the date of acquisition. The estimated fair values were preliminary and based on the information that was available as of that date. The Company has since finalized the purchase price allocation with no change to the preliminary amounts. The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 2,258,215 $ 12,155,000 Warrants exchanged 1,055,036 2,157,000 Settlement of a pre-existing relationship (1,099,999 ) $ 13,212,001 Fair value of identifiable assets acquired Cash 1,241,511 Accounts and other receivables 5,368,562 Prepaid and other current assets 444,690 Property and equipment 40,152 Intangible assets - Software (Useful life - 3 2,000,000 Intangible assets - Brand (Useful life - 1 100,000 Intangible assets - Customer contracts (Useful life - 10 2,700,000 Goodwill 14,895,595 Accounts payable and accrued liabilities (9,590,547 ) Deferred revenue (148,949 ) Line of credit (3,839,013 ) $ 13,212,001 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The Engine Media common shares issued were valued based on the closing price on the TSX Venture exchange on May 8, 2020. The warrants were valued using the Black Scholes method. Significant judgments and assumptions related to the valuation and useful lives of certain classes of assets acquired are as follows: i) Intangible assets, software Frankly had certain proprietary technology used in its products, which the Company expects will contribute to future cash flow. The fair value of the software intangible asset was determined based on the relief from royalty method under the income approach. The software intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) revenue projections; (ii) royalty rate of 3 5 18 three years ii) Intangible assets, customer contracts Frankly had established relationships with media companies which are expected to result in future sales. The fair value of the customer relationships intangible asset was determined based on the excess earnings method under the income approach. The customer relationships intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) cash flow projections with long term growth rate of 3 10 21.5 ten years iii) Goodwill The difference between the acquisition date fair value of the consideration transferred and the values assigned to the assets acquired and liabilities assumed represents goodwill of $ 14,895,595 The goodwill recorded represents the following: ● Cost savings and operating synergies expected to result from combining the operations of Frankly with those of the Company ● Intangible assets that do not qualify for separate recognition such as the assembled workforce (c) WinView, Inc. On May 8, 2020, the Company acquired all issued and outstanding shares of WinView, Inc. (“WinView”) which was carried out pursuant to a statutory merger. The Company issued 1,759,997 If the acquisition of WinView had occurred at the beginning of the Company’s fiscal year (September 1, 2019), the loss attributed to WinView’s operations for the year ended August 31, 2020, would have been $ 6,034,836 68,813 1,557,248 51,422 IFRS 3 – Business Combinations (“IFRS 3”) was amended in October 2018 to clarify the definition of a business and added an optional concentration test to assess when a company has acquired a group of assets, rather than a business, if the value of the assets acquired is substantially all concentrated in a single asset or group of similar assets. The Company concluded that the value of the WinView assets acquired is substantially concentrated in the patent portfolio, and therefore the acquisition of WinView was accounted for as an asset acquisition. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) For an asset acquisition, the Company’s accounting policy is to recognize a liability for contingent consideration when the related activity occurs. Accordingly, a liability was not recorded for the contingent consideration as at August 30, 2020. The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 1,759,997 $ 7,579,000 $ 7,579,000 Fair value of identifiable assets acquired Cash $ 359,190 Restricted cash 201,540 Prepaid and other current assets 174,313 Intangible assets - Patents (Useful life - 5 9,430,265 Accounts payable and accrued liabilities (699,053 ) Players liability account (201,540 ) Government grants - PPP Loan (174,795 ) Promissory notes (1,423,738 ) Deferred revenue (87,182 ) $ 7,579,000 The Company common shares issued for the acquisition of Winview were subject to lock-up restrictions to be discharged 10% at 120 days, another 15% at 180 days, another 15% at 270 days, another 20% at 360 days and the remaining 40% at 390 days, in each case following the closing date. The Company common shares issued were valued based on the closing price on TSX Venture exchange on May 8, 2020, reduced by a discount for lack of marketability of twenty percent. (d) Acquisitions of WTF1, Lets Go Racing and DriverDB During the year ended August 31, 2020, the Company completed three acquisitions in its motorsports division that were disposed on November 3, 2020, as a result of a strategic business review that began in October 2020 . The Company acquired certain assets of WTF1 on April 2, 2020, for a purchase price of $ 557,709 On June 3, 2020, the Company completed the acquisition of Lets Go Racing pursuant to a share purchase agreement dated June 2, 2020. Purchase consideration comprised of £ 50,000 63,274 200,000 265,000 333,503 100,000 125,850 165,000 207,653 2,116,267 On June 3, 2020, the Company completed the acquisition of DriverDB in exchange for the issuance of 100,000 859,745 three years Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) (e) Acquisition of SideQik, Inc On July 2, 2021, the Company acquired all issued and outstanding shares of SideQik, Inc. (“SideQik”) which was carried out pursuant to a statutory reverse-triangular merger. The Company issued 386,584 23,939 The acquisition of Sideqik (combined with a prior acquisition of Stream Hatchet) brings technology and customers that are expected to expand Engine’s advertising and media offerings. All transaction costs associated with this acquisition were expensed. If the acquisition of SideQik had occurred at the beginning of the Company’s fiscal year (September 1, 2020), the loss attributed to SideQik’s operations for the year ended August 31, 2021, would have been $ 1,130,080 2,148,987 383,167 412,981 The acquisition was accounted for using the acquisition method of accounting under IFRS 3, Business Combinations, which requires that the Company recognize the identifiable assets acquired and the liabilities assumed at their fair values on the date of acquisition. The estimated fair values are preliminary and based on the information that was available as of that date. The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 386,584 $ 3,962,000 RSUs 23,939 $ 245,000 $ 4,207,000 Fair value of identifiable assets acquired Cash $ 255,852 Accounts and other receivables 817,557 Prepaid and other current assets 69,631 Property and equipment 12,730 Intangible assets - Software (Useful life - 5 910,000 Intangible assets - Brand (Useful life - 10 210,000 Intangible assets - Customer relationships (Useful life - 10 310,000 Goodwill 2,900,193 Accounts payable (292,571 ) Accrued liabilities (502,392 ) Deferred revenue (484,000 ) $ 4,207,000 The Company common shares issued for the acquisition of SideQik were subject to lock-up restrictions to be discharged 16 2/3% at 180 days from the closing date, and thereafter another 16 2/3% on the 15 th th Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Significant judgments and assumptions related to the valuation and useful lives of certain classes of assets acquired are as follows: i) Intangible assets, software The fair value of the software intangible asset was determined based on the relief from royalty method under the income approach. The software intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) revenue projections; (ii) royalty rate of 7.5 25.5 20 five years ii) Intangible assets, brand The fair value of the brand intangible asset was determined based on the relief from royalty method under the income approach. The brand intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) cash flow projections with long term growth rate of 3 0.5 25.5 20.0 ten years iii) Intangible assets, customer relationships SideQik has created custom partnerships with clients to build out integrations with proprietary brand tools which are expected to result in future sales. The fair value of the customer relationships intangible asset was determined based on the excess earnings method under the income approach. The customer relationships intangible asset was valued using Level 3 inputs which consisted of the following key inputs: (i) cash flow projections with long term growth rate of 3 15 22.0 25.5 ten years iv) Goodwill The difference between the acquisition date fair value of the consideration transferred and the values assigned to the assets acquired and liabilities assumed represents goodwill of $ 2,900,193 The goodwill recorded represents the following: ● Cost savings and operating synergies expected to result from combining the operations of SideQik with those of the Company. ● Intangible assets that do not qualify for separate recognition such as the assembled workforce. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Revenue

Revenue	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Revenue
Revenue	7. Revenue Revenue streams and disaggregation of revenue from contracts with customers In the following table, revenue from contracts with customers is disaggregated by service lines. Schedule of revenue from contracts with customers disaggregated Increase For the year ended August 31, 2022 2021 (decrease) $ $ $ Software-as-a-service 9,220,069 7,952,426 1,267,643 Advertising 32,662,544 25,392,842 7,269,702 Revenue 41,882,613 33,345,268 8,537,345 $ 328,461 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	7. Revenue Revenue streams and disaggregation of revenue from contracts with customers In the following table, revenue from contracts with customers is disaggregated by service lines. Schedule of revenue from contracts with customers disaggregated For the year ended August 31, 2021 2020 $ $ Games development 3,422,202 2,732,846 Direct to consumer 453,400 363,554 Software-as-a-service 6,360,361 2,571,672 Advertising 26,656,446 4,491,356 Professional services 328,461 386,415 Revenue 37,220,870 10,545,843

Net income (loss) per share

Net income (loss) per share	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Profit or loss [abstract]
Net income (loss) per share	8. 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 considered to be 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 incurred during the years ended August 31, 2022, and 2021, all outstanding options, RSU’s and warrants were excluded from diluted weighted-average common shares outstanding as their effect was anti-dilutive. Weighted average common shares outstanding for the years ended August 31, 2022, and 2021 were 15,637,418 11,874,775	8. 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 considered to be 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 incurred during the years ended August 31, 2021, and 2020, all outstanding options, RSU’s and warrants were excluded from diluted weighted-average common shares outstanding as their effect was anti-dilutive. Weighted average common shares outstanding for the years ended August 31, 2021, and 2020 were 11,874,775 2,949,511

Accounts and other receivables

Accounts and other receivables and publisher advances	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Accounts And Other Receivables And Publisher Advances
Accounts and other receivables and publisher advances	9. Accounts and other receivables and publisher advances (a) Accounts and other receivables The Company’s accounts and other receivables are comprised of the following: Schedule of accounts and other receivables August 31, August 31, $ $ Trade accounts receivable 9,750,619 9,677,725 Other receivables 9,028 53,387 Allowance for doubtful accounts (1,355,638 ) (1,084,305 ) Total accounts and other receivables 8,404,009 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 ) Acquisition of SideQik - (140,896 ) Acquisition of Frankly Provision, bad debt expense (473,898 ) (72,636 ) Write-offs 202,565 3,665 Balance, August 31, (1,355,638 ) (1,084,305 ) Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (b) Publisher advance at FVTPL 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. 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 August 31, 2022, $ 6 4,509,352 1,490,648 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.	9. Accounts and other receivables and publisher advances (a) Accounts and other receivables The Company’s accounts and other receivables are comprised of the following: Schedule of accounts and other receivables August 31, August 31, $ $ Trade accounts receivable 9,677,725 4,690,922 Other receivables 53,387 29,406 Allowance for doubtful accounts (1,084,305 ) (874,438 ) Total accounts and other receivables 8,646,807 3,845,890 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) A continuity of the Company’s allowance for doubtful accounts is as follows: Schedule of allowance for doubtful accounts August 31, August 31, $ $ Allowance for doubtful accounts, beginning of year (874,438 ) - Acquisition of Frankly - (887,763 ) Acquisition of SideQik (140,896 ) - Provision, bad debt expense (72,636 ) - Writeoffs 3,665 13,325 Allowance for doubtful accounts, end of year (1,084,305 ) (874,438 ) (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. 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 August 31, 2021, $ 6 1,465,782 4,534,218 3,197,102 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.

Promissory notes receivable at

Promissory notes receivable at FVTPL	12 Months Ended
	Aug. 31, 2022
Promissory Notes Receivable At Fvtpl
Promissory notes receivable at FVTPL	10. Promissory notes receivable at FVTPL Schedule of promissory notes receivable Promissory notes receivable $ Balance, August 31, 2021 - Acquisition 1,585,783 Change in fair value (873,778 ) Effect of foreign exchange (135,477 ) Balance, August 31, 2022 576,528 To facilitate the sale of Eden Games, under a separate agreement, the Company agreed to purchase Euro- denominated 6 1,453,154 1,585,783 1,081,081 1,181,005 The Company assessed the fair value of the promissory notes receivable based on the present value of expected future cash flows of $ 591,781 and has recognized a fair value write-down of $ 873,778 The fair value of the Company’s promissory note receivable is estimated at each reporting period, with reference to expected cash flows discounted to present value. Promissory notes receivable is classified with a level 3 in the fair value hierarchy (Note 30). Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021

Investment at FVTPL

Investment at FVTPL	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Investment at FVTPL	11. Investment at FVTPL Schedule of investment in associate and investment Investment at FVTPL $ Balance, August 31, 2021 2,629,851 Balance, August 31, 2022 2,629,851 On August 25, 2020, the Company acquired a 20.48 0 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 its 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 loss and comprehensive 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. Key inputs being the number of shares owned by the Company and the underlying share value of the privately placed financing transaction. This investment is classified within level 3 in the fair value hierarchy (Note 30). Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	10. Investment in associate and investment at FVTPL Investment at FVTPL Schedule of investment in associate and investment Investment in associate Investment at FVTPL $ $ Balance, August 31, 2020 2,052,008 - Share of loss in One Up (103,930 ) - Discontinue use of equity method on retained interest in former associate (1,948,078 ) 2,048,039 Change in fair value of investment at FVTPL - 581,812 Balance, August 31, 2021 - 2,629,851 On August 25, 2020, the Company acquired a 20.48 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) 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 99,961 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 (Note 30) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Property and equipment

Property and equipment	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Property and equipment	12. Property and equipment Disclosure 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 Acquisition of SideQik - 11,399 1,331 12,730 Additions - 170,305 17,865 188,170 Disposals - (14,244 ) - (14,244 ) Disposal of Motorsports (2,631 ) (47,645 ) (18,118 ) (68,394 ) Foreign exchange (171 ) (2,548 ) (1,125 ) (3,844 ) UMG Asset Sale - (59,550 ) (35,178 ) (94,728 ) Impairment (153,192 ) - - (153,192 ) August 31, 2021 218,851 603,607 173,044 995,502 August 31, 2021 218,851 603,607 173,044 995,502 Additions - 77,147 1,551 78,698 Impairment (153,192 ) - - (153,192 ) Disposal of Eden Games (7,407 ) (314,440 ) (52,460 ) (374,307 ) UMG Asset Sale - (59,550 ) (35,178 ) (94,728 ) Foreign exchange 850 (35,128 ) (4,963 ) (39,241 ) August 31, 2022 59,102 271,636 81,994 412,732 Accumulated depreciation Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2020 57,517 307,508 106,670 471,695 Depreciation 5,949 117,092 26,150 149,191 Disposals - (4,477 ) - (4,477 ) Disposal of Motorsports - (11,068 ) (9,910 ) (20,978 ) Foreign exchange (99 ) (2,824 ) (817 ) (3,740 ) UMG Asset Sale - (31,619 ) (35,178 ) (66,797 ) August 31, 2021 63,367 406,231 122,093 591,691 August 31, 2021 63,367 406,231 122,093 591,691 Depreciation 3,765 114,530 10,598 128,893 Disposal of Eden Games (7,202 ) (278,569 ) (47,404 ) (333,175 ) UMG Asset Sale - (31,619 ) (35,178 ) (66,797 ) Foreign exchange (828 ) (29,994 ) (4,448 ) (35,270 ) August 31, 2022 59,102 180,579 45,661 285,342 Net book value Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2021 155,484 197,376 50,951 403,811 August 31, 2022 - 91,057 36,333 127,390 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	11. Property and equipment Disclosure of detailed information about property plant and equipment Cost Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2019 54,465 209,126 123,298 386,889 Acquisition of UMG 166,193 116,668 30,761 313,622 Acquisition of Frankly - 34,461 5,691 40,152 Additions - 116,028 8,762 124,790 Disposals - (14,410 ) - (14,410 ) Effect of foreign exchange 995 24,467 4,579 30,041 August 31, 2020 221,653 486,340 173,091 881,084 August 31, 2020 221,653 486,340 173,091 881,084 Acquisition of SideQik - 11,399 1,331 12,730 Additions - 170,305 17,865 188,170 Disposals - (14,244 ) - (14,244 ) Disposal of Motorsports (2,631 ) (47,645 ) (18,118 ) (68,394 ) Foreign exchange (171 ) (2,548 ) (1,125 ) (3,844 ) August 31, 2021 218,851 603,607 173,044 995,502 Accumulated depreciation Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2019 51,847 181,089 68,700 301,636 Depreciation 4,998 102,241 34,066 141,305 Foreign exchange 672 24,178 3,904 28,754 August 31, 2020 57,517 307,508 106,670 471,695 August 31, 2020 57,517 307,508 106,670 471,695 Depreciation 5,949 117,092 26,150 149,191 Disposals - (4,477 ) - (4,477 ) Disposal of Motorsports - (11,068 ) (9,910 ) (20,978 ) Foreign exchange (99 ) (2,824 ) (817 ) (3,740 ) August 31, 2021 63,367 406,231 122,093 591,691 Net book value Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2020 164,136 178,832 66,421 409,389 August 31, 2021 155,484 197,376 50,951 403,811 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Goodwill

Goodwill	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure Of Goodwill Abstract
Goodwill	13. Goodwill Disclosure of detailed information about goodwill 2022 (As Restated) 2021 (As Restated) $ $ Balance, beginning of year 15,594,929 15,576,762 Disposal of Eden Games (345,150 ) - Acquisition of SideQik - 2,900,193 Impairment of SideQik - (2,900,193 ) - Effect of foreign exchange (49,591 ) 18,167 Balance, end of year 15,200,188 15,594,929 a) Frankly The Company tested the Frankly CGU goodwill balance of $ 14,895,595 14,895,595 The calculation used a five-year projected and terminal period debt-free cash flow model discounted to present value using a discount rate of 21.0% (pre-tax 28.3%), tax rate of 26% and a long-term growth rate of 3%. 24,500,000 b) Sideqik During the year ended August 31, 2021, the Company conducted a comprehensive review of its forecasts, considering various factors, including changes in market conditions and business outlook. The outcome of this review led to a revision of the forecasts associated with Sideqik. As a result of the revised forecasts, the company recognized impairment losses on intangible assets and goodwill as of the acquisition date. This impairment reflects the updated assessment of the recoverable amounts, which are now lower than the carrying amounts. The impairment losses recognized have been recognized in the consolidated statement of loss and comprehensive loss. For the year ended August 31, 2021, the breakdown of impairment losses between intangible assets and goodwill was 1,419,662 2,900,193 0 c) Stream Hatchet The Company tested the Stream Hatchett goodwill balance of $ 304,593 335,650 Revenue multiples from publicly traded companies operating within the same industry and location and having similar business activities to the Company were utilized, after adjusting for differences in size, margins and growth rates when compared to the Company and Stream Hatchet. These adjusted multiples of 2.5x for Stream Hatchet were applied to the financial metrics of the CGU to determine indicative enterprise values. Recoverable amounts were determined after an adjustment for costs of disposal, estimated at 5% of indicative enterprise values. No impairment charge was determined to be necessary for the Stream Hatchet CGU. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	12. Goodwill Disclosure of detailed information about goodwill Aug 31, (As Restated) Aug 31, (As Restated) $ $ Balance, beginning of year 15,576,762 651,354 Acquisition of UMG - 3,209,045 Impairment of UMG - (3,209,045 ) Acquisition of Frankly - 14,895,595 Acquisition of SideQik 2,900,193 - Impairment of SideQik (2,900,193 ) - Effect of foreign exchange 18,167 29,813 Balance, end of year 15,594,929 15,576,762 a) Frankly The Company tested the Frankly CGU goodwill balance of $ 14,895,595 14,895,595 The calculation used a ten-year projected and discounted cash flow model using a discount rate of 20.5% and a long-term growth rate of 3% The recoverable amounts for the Stream Hatchet, and Eden Games CGUs below were based on fair value less costs of disposal, estimated using a guideline public company method which is a market-based approach. The fair value measurement was categorized as a Level 3 fair value based on inputs in the valuation technique used. Revenue multiples from publicly traded companies operating within the same industry and location and having similar business activities to the Company were utilized, after adjusting for differences in size, margins and growth rates when compared to the Company and its CGUs. These adjusted multiples of 3x for Stream Hatchet and 3.5x for Eden Games were applied to the financial metrics of the CGU to determine indicative enterprise values. Recoverable amounts were determined after an adjustment for costs of disposal, estimated at 5% of indicative enterprise values. No impairment charge was determined to be necessary for the Stream Hatchet and Eden Games CGUs. b) UMG During the year ended August 31, 2020, the Company conducted a comprehensive review of its forecasts, considering various factors, including changes in market conditions and business outlook. The outcome of this review led to a revision of the forecasts associated with UMG. As a result of the revised forecasts, the company recognized impairment losses on intangible assets and goodwill as of the acquisition date. This impairment reflects the updated assessment of the recoverable amounts, which are now lower than the carrying amounts. The impairment losses recognized have been recognized in the consolidated statement of loss and comprehensive loss. For the year ended August 31, 2020, the breakdown of impairment losses between intangible assets and goodwill was $ 719,706 3,209,045 0 385,231 c) Sideqik During the year ended August 31, 2021, the Company conducted a comprehensive review of its forecasts, considering various factors, including changes in market conditions and business outlook. The outcome of this review led to a revision of the forecasts associated with Sideqik. As a result of the revised forecasts, the company recognized impairment losses on intangible assets and goodwill as of the acquisition date. This impairment reflects the updated assessment of the recoverable amounts, which are now lower than the carrying amounts. The impairment losses recognized have been recognized in the consolidated statement of loss and comprehensive loss. For the year ended August 31, 2021, the breakdown of impairment losses between intangible assets and goodwill was 1,419,662 2,900,193 0 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Intangible assets

Intangible assets	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of detailed information about intangible assets [abstract]
Intangible assets	14. Intangible assets Schedule of detailed information about intangible assets Cost Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2020 2,926,782 1,059,380 10,763,975 2,070,573 3,455,572 20,276,282 Disposal of Motorsports - - (3,598,869 ) (201,627 ) (222,650 ) (4,023,146 ) Acquisition of SideQik - - 910,000 210,000 310,000 1,430,000 Impairment of SideQik - - (901,960 ) (209,072 ) (308,630 ) (1,419,662 ) Impairment of UMG - (152,011 ) - (149,975 ) (83,244 ) (385,230 ) Impairment of Winview (705,331 ) - - - - (705,331 ) Foreign exchange - 16,974 255,577 81,759 11,063 365,373 August 31, 2021 2,221,451 924,343 7,428,723 1,801,658 3,162,111 15,538,286 August 31, 2021 2,221,451 924,343 7,428,723 1,801,658 3,162,111 15,538,286 Intangible assets, Cost, Beginning balance 2,221,451 924,343 7,428,723 1,801,658 3,162,111 15,538,286 Impairment (800,231 ) (38,851 ) - (39,892 ) (15,644 ) (894,618 ) Disposal of Eden Games - (269,098 ) (4,709,219 ) (1,390,134 ) (269,010 ) (6,637,461 ) Disposal of UMG - (105,715 ) - (80,230 ) (144,729 ) (330,674 ) Cost, Disposal - (242,667 ) - (184,167 ) (313,933 ) (740,767 ) Foreign exchange - (14,450 ) (285,842 ) (82,763 ) (19,230 ) (402,285 ) August 31, 2022 1,421,220 496,229 2,433,662 208,639 2,713,498 7,273,248 Intangible assets, Cost, Ending balance 1,421,220 496,229 2,433,662 208,639 2,713,498 7,273,248 Accumulated amortization Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2020 628,684 757,918 4,909,001 1,050,835 600,848 7,947,286 Amortization 492,449 107,158 1,711,771 422,842 418,904 3,153,124 Disposal of Motorsports - - (532,412 ) (201,627 ) (222,650 ) (956,689 ) Foreign exchange - 13,560 229,650 34,385 (4,741 ) 272,854 August 31, 2021 1,121,133 878,636 6,318,010 1,306,435 792,361 10,416,575 August 31, 2021 1,121,133 878,636 6,318,010 1,306,435 792,361 10,416,575 Intangible assets, Accumulated amortization, Beginning balance 1,121,133 878,636 6,318,010 1,306,435 792,361 10,416,575 Amortization 300,087 6,857 666,672 157,381 295,255 1,426,252 Disposal of Eden Games - (269,098 ) (4,709,219 ) (1,112,108 ) (250,801 ) (6,341,226 ) Disposal of UMG - (105,715 ) - (80,230 ) (144,729 ) (330,674 ) Accumulated amortization, Disposal - (242,667 ) - (184,167 ) (313,933 ) (740,767 ) Foreign exchange - (14,451 ) (285,842 ) (62,839 ) (17,717 ) (380,849 ) August 31, 2022 1,421,220 496,229 1,989,621 208,639 674,369 4,790,078 Intangible assets, Accumulated amortization, Ending balance 1,421,220 496,229 1,989,621 208,639 674,369 4,790,078 Net book value Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2021 1,100,318 45,707 1,110,713 495,223 2,369,750 5,121,711 August 31, 2022 - - 444,041 - 2,039,129 2,483,170 For further intangible asset impairment information as it relates to discontinued operations, see Note 27. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	13. Intangible assets Schedule of detailed information about intangible assets Cost Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2019 - 760,323 5,055,798 1,662,993 477,592 7,956,706 Acquisition of UMG - 560,000 - 510,000 460,000 1,530,000 Impairment of UMG - (263,422 ) - (239,902 ) (216,382 ) (719,706 ) Acquisition of Frankly - - 2,000,000 100,000 2,700,000 4,800,000 Acquisition of WinView 9,430,265 - - - - 9,430,265 Impairment of Winview (6,503,483 ) - - - - (6,503,483 ) Acquisition of WTF1 - - 557,709 - - 557,709 Acquisition of Driver DB - - 854,158 - - 854,158 Acquisition of Lets Go Racing - - 2,116,267 - - 2,116,267 Foreign exchange - 2,479 180,043 37,482 34,362 254,366 August 31, 2020 2,926,782 1,059,380 10,763,975 2,070,573 3,455,572 20,276,282 Disposal of Motorsports - - (3,598,869 ) (201,627 ) (222,650 ) (4,023,146 ) Acquisition of SideQik - - 910,000 210,000 310,000 1,430,000 Impairment of SideQik - - (901,960 ) (209,072 ) (308,630 ) (1,419,662 ) Impairment of UMG - (152,011 ) - (149,975 ) (83,244 ) (385,230 ) Impairment of Winview (705,331 ) - - - - (705,331 ) Foreign exchange - 16,974 255,577 81,759 11,063 365,373 August 31, 2021 2,221,451 924,343 7,428,723 1,801,658 3,162,111 15,538,286 Accumulated amortization Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2019 - 628,277 2,634,338 673,302 296,061 4,231,978 Amortization 628,684 127,681 2,205,781 348,858 180,182 3,491,186 Foreign exchange - 1,960 68,882 28,675 124,605 224,122 August 31, 2020 628,684 757,918 4,909,001 1,050,835 600,848 7,947,286 Amortization 492,449 107,158 1,711,771 422,842 418,904 3,153,124 Disposal of Motorsports - - (532,412 ) (201,627 ) (222,650 ) (956,689 ) Foreign exchange - 13,560 229,650 34,385 (4,741 ) 272,854 August 31, 2021 1,121,133 878,636 6,318,010 1,306,435 792,361 10,416,575 Net book value Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2020 2,298,098 301,462 5,854,974 1,019,738 2,854,724 12,328,996 August 31, 2021 1,100,318 45,707 1,110,713 495,223 2,369,750 5,121,711 a) Winview During the year ended August 31, 2020, the Company conducted a comprehensive review of its forecasts, considering various factors, including changes in market conditions and business outlook. The outcome of this review led to a revision of the forecasts associated with Winview. As a result of the revised forecasts, the company recognized impairment losses on intangible assets as of August 31, 2020. This impairment reflects the updated assessment of the recoverable amounts, which are now lower than the carrying amounts. The impairment losses recognized have been recognized in the consolidated statement of loss and comprehensive loss. During the years ended August 31, 2020 and 2021, the Company recognized patent impairment expense amounting to $ 6,503,483 705,331 0 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Right-of-use assets

Right-of-use assets	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Right-of-use assets	15. Right-of-use assets Schedule of detailed information about right-of-use assets 2022 2021 $ $ Balance, beginng of year 557,022 550,478 Acquired - 210,178 Depreciation (180,395 ) (203,058 ) Impairment (346,266 ) - Disposal of Eden Games (16,036 ) - Effect of foreign exchange (3,210 ) (576 ) Balance, end of year 11,115 557,022 Right of use assets consist primarily of leases for corporate office facilities and are amortized on a monthly basis over the term of the lease, or useful life, if shorter.	14. Right-of-use assets Schedule of detailed information about right-of-use assets August 31, August 31, $ $ Balance, beginning of year 550,478 - Additions to right-of-use assets on adoption of IFRS 16, September 1, 2019 - 258,756 Acquisition of UMG - 388,996 Acquired 210,178 36,375 Depreciation (203,058 ) (148,687 ) Effect of foreign exchange (576 ) 15,038 Balance, end of year 557,022 550,478 Right of use assets consist primarily of leases for corporate office facilities and are amortized on a monthly basis over the term of the lease, or useful life, if shorter.

Income taxes

Income taxes	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Major components of tax expense (income) [abstract]
Income taxes	16. Income taxes The Company had no (a) Reconciliation of the effective tax rate The reconciliation of the statutory income tax rate of 26.5% 26.5% Disclosure of detailed information about components of income tax expense 2022 (As Restated) 2021 (As Restated) $ $ Income (loss) before discontinued operations and income taxes (12,294,603 ) (28,842,913 ) Statutory income tax rate 26.5 % 26.5 % Expected income tax (benefit) (3,258,070 ) (7,643,372 ) Reconciling items: Foreign rate differential 986 (477,761 ) Stock-based compensation and other non-deductible expenses (786,187 ) 1,299,240 Other 796,659 (4,136,359 ) Deferred tax assets not recognized 3,246,612 10,958,252 Income tax expense - - Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (b) Deferred income taxes The Company had the following temporary differences that would ordinarily give rise to deferred taxes: Disclosure of detailed information about recognized deferred tax assets and liabilities 2022 2021 $ $ Deferred tax assets Net operating losses 1,577,831 1,664,801 Deferred tax liabilities Intangible assets (1,520,569 ) (1,391,070 ) Other - United States (57,262 ) (273,731 ) Net deferred tax asset - - Deferred tax assets and liabilities have been offset where they relate to income taxes levied by the same taxation authority and where the Company has the legal right and intent to offset. Unrecognized Deductible Temporary Differences Deferred taxes are provided as a result of temporary differences that arise due to the difference between the income tax values and the carrying amount of assets and liabilities. Deferred tax assets have not been recognized in respect of the following deductible temporary differences: Disclosure of detailed information about unrecognized deductible temporary differences and unused tax losses 2022 2021 $ $ Intangible assets 23,737,179 28,362,021 Net operating losses 172,145,340 153,954,414 Net capital losses - 2,156,922 Property and equipment - 483,175 Share issuance costs 2,347,823 206,655 Convertible debt 250,603 2,385,606 Investments 3,074,356 - Other 2,219,206 8,802,009 Deferred tax assets, unrecognized 203,774,507 196,350,802 The Company’s net operating losses expire in the manner discussed below. The remaining deductible temporary differences may be carried forward indefinitely. Deferred tax assets have not been recognized in respect of these items because it cannot be determined as probable that future taxable profits will be available against which the Company can utilize the benefits therefrom. As of August 31, 2022, the Company has net operating loss carryforwards related to its domestic and international operations of approximately $ 173.2 million; $ 122.4 million of which have expiration periods ranging between 10 to 20 years, and $ 50.8 million have an indefinite carryforward period. Of these, CAD$44.3 million belong to Canadian entities which expire between 2034 and 2042. Net-capital losses were Nil in the year. Certain of these foreign, federal and state net operating loss carryforwards may be subject to Internal Revenue Code Section 382 or similar provisions, which impose limitations on their utilization. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	15. Income taxes The Company had no (a) Reconciliation of the effective tax rate The reconciliation of the combined federal and provincial statutory income tax rate of 26.5 26.5 Disclosure of detailed information about components of income tax expense 2021 (As Restated) 2020 (As Restated) $ $ Income (loss) before income taxes (40,733,174 ) (42,738,478 ) Statutory income tax rate 26.5 % 26.5 % Expected income tax (benefit) (10,794,291 ) (11,325,697 ) Reconciling items: Foreign rate differential (243,335 ) 443,749 Stock-based compensation and other non-deductible expenses 1,318,852 484,247 True up of prior period balances 1,323,876 - Deferred tax assets not recognized 8,394,898 10,397,701 Income tax expense - - Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) (b) Deferred income taxes The Company had the following temporary differences that would ordinarily give rise to deferred taxes: Disclosure of detailed information about recognized deferred tax assets and liabilities 2021 2020 $ $ Deferred tax assets Net operating losses 1,664,801 1,340,296 Deferred tax liabilities Intangible assets (1,391,070 ) (919,340 ) Other - Canada - (14,052 ) Other - United States (273,731 ) (318,712 ) Convertible Debt - (88,192 ) Net deferred tax asset - - Deferred tax assets and liabilities have been offset where they relate to income taxes levied by the same taxation authority and the Company has the legal right and intent to offset. Unrecognized Deductible Temporary Differences Deferred taxes are provided as a result of temporary differences that arise due to the difference between the income tax values and the carrying amount of assets and liabilities. Deferred tax assets have not been recognized in respect of the following deductible temporary differences: Disclosure of detailed information about unrecognized deductible temporary differences and unused tax losses 2021 2020 $ $ Intangible assets 28,362,021 25,826,171 Net operating losses 153,954,414 133,010,627 Net capital losses 2,156,922 - Property and equipment 483,175 552,680 Share issuance costs 206,655 67,250 Convertible debt 2,385,606 - Other 8,802,009 8,998,673 196,350,802 168,455,401 The Company’s net operating losses expire in the manner discussed below. The remaining deductible temporary differences may be carried forward indefinitely. Deferred tax assets have not been recognized in respect to these items because it cannot be determined as probable that future taxable profit will be available against which the Company can utilize the benefits therefrom. As of August 31, 2021, the Company has net operating loss carryforwards related to its domestic and international operations of approximately $ 159.8 114.2 10 20 45.6 2,156,922 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Lease liabilities

Lease liabilities	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Lease Liabilities
Lease liabilities	17. Lease liabilities Lease liabilities are measured at the present value of the lease payments that were not paid at that financial statement 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: Disclosure of detailed information about continuity of the lease liabilities Equipment Office lease Total $ $ $ Balance, August 31, 2020 35,457 536,691 572,148 Acquired - 210,178 210,178 Disposal of Eden Games - (17,959 ) (17,959 ) Interest expense 1,971 32,226 34,197 Payments (13,380 ) (214,948 ) (228,328 ) Effect of foreign exchange - (644 ) (644 ) Balance, August 31, 2021 24,048 563,503 587,551 Balance, August 31, 2021 24,048 563,503 587,551 Beginning balance 24,048 563,503 587,551 Acquired - - - Disposal of Eden Games - (17,959 ) (17,959 ) Interest expense 1,206 22,716 23,922 Payments (13,380 ) (187,776 ) (201,156 ) Effect of foreign exchange - (3,524 ) (3,524 ) Balance, August 31, 2022 11,874 376,960 388,834 Ending balance 11,874 376,960 388,834 Equipment Office lease Total $ $ $ As of August 31, 2022: Less than one year 11,874 376,960 388,834 Total lease obligation 11,874 376,960 388,834 The future minimum undiscounted lease payments as of August 31, 2022, are presented below: Disclosure of detailed information about future minimum undiscounted lease payments Equipment Office lease Total Less than one year 12,265 404,271 416,536 Total undiscounted lease obligation 12,265 404,271 416,536	16. 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: Disclosure of detailed information about continuity of the lease liabilities Equipment Office lease Total $ $ $ Balance, August 31, 2019 - - - Additions to right-of-use assets on adoption of IFRS 16, September 1, 2019 - 258,756 258,756 Acquisition of UMG - 401,441 401,441 Acquired 36,375 - 36,375 Interest expense (918 ) (139,019 ) (139,937 ) Payments - 15,513 15,513 Balance, August 31, 2020 35,457 536,691 572,148 Acquired - 210,178 210,178 Interest expense 1,971 32,226 34,197 Payments (13,380 ) (214,948 ) (228,328 ) Effect of foreign exchange - (644 ) (644 ) Balance, August 31, 2021 24,048 563,503 587,551 Equipment Office lease Total $ $ $ As of August 31, 2020: Less than one year 11,409 174,262 185,671 Greater than one year 24,048 362,429 386,477 Total lease obligation 35,457 536,691 572,148 Equipment Office lease Total $ $ $ As of August 31, 2021: Less than one year 12,174 210,409 222,583 Greater than one year 11,874 353,094 364,968 Total lease obligation 24,048 563,503 587,551 The future minimum undiscounted lease payments as of August 31, 2021, are presented below: Disclosure of detailed information about future minimum undiscounted lease payments Total $ Current 250,216 2 years 176,513 3 years 160,696 4 years 52,089 Total undiscounted lease obligation 639,514

Players liability account

Players liability account	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Players Liability Account
Players liability account	18. 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 August 31, 2022, and 2021, the players liability account balance is the total amount payable if all players were to request closure of their accounts. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	17. 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 August 31, 2021, and 2020, the players liability account balance is the total amount payable if all players were to request closure of their accounts.

Promissory notes payable and ot

Promissory notes payable and other borrowings	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Promissory Notes Payable And Other Borrowings
Promissory notes payable and other borrowings	19. Promissory notes payable and other borrowings (a) Promissory notes The Company has promissory notes with a balance of $ 200,000 200,000 18% 141,940 139,644 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 August 31, 2022, $ 429,822 482,304 8% no (b) Paycheck Protection Program (the “PPP”) loans In 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 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 were scheduled to mature in April 2022 and require 18 equal monthly payments of principal and interest beginning November 2020. The Notes may be prepaid at any time prior to maturity with no prepayment penalties. The Notes provide for customary events of default, including, among others, those relating to failure to make payments, bankruptcy, breaches of representations, significant changes in ownership, and material adverse effects. The Company’s obligations under the Notes are not secured by any collateral. Upon the receipt of the proceeds of $ 1,589,559 1,589,559 209,875 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	18. Promissory notes payable and other borrowings (a) Promissory notes The Company has promissory notes with a balance of $ 200,000 200,000 18 139,644 83,435 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) 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 August 31, 2021, $ 482,304 1,527,582 8 no 63,612 (b) Paycheck Protection Program (the “PPP”) loans In 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 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 (c) Frankly line of credit On January 7, 2020, the Company’s Frankly Media LLC subsidiary (“Frankly Media”) entered an agreement with an arm’s length lender, EB Acquisition Company, LLC (the “Lender”), whereby the Lender agreed, subject to the terms and conditions thereof, to provide Frankly Media with a revolving term line of credit in the principal amount of up to $ 5 The EB Loan had a one-year term, extendable for a second year upon the mutual agreement of Lender and Frankly Media; and was secured by a security interest in Frankly Media’s assets, as well as a guarantee by the Company, secured against the Company’s assets. On December 1, 2020, the EB Loan was amended (the “Amended EB Loan”). The amendment extended the maturity date by one year and added a conversion feature to $ 1 5 1 11.25 5 10.25 15.00 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The Company determined the EB Loan was substantially modified on December 1, 2020 and the Amended EB Loan was substantially modified on February 24, 2021 (Note 19) The carrying value of the line of credit as of August 31, 2021, was $ 0 4,919,507

Convertible debt

Convertible debt	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Convertible Debt
Convertible debt	20. Convertible debt The continuity of convertible debt for the year ended August 31, 2022, 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 Principal and interest at maturity 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 54,126 398,183 138,710 250,000 841,019 Accrued interest on conversion / interest payments (101,247 ) (256,300 ) (250,000 ) - (607,547 ) Effect of foreign exchange 134,562 - - - 134,562 Change in fair value 1,308,993 5,461,682 - (704,081 ) 6,066,594 Balance, August 31, 2021 914,428 2,097,127 - 6,939,941 9,951,496 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2021 914,428 2,097,127 - 6,939,941 9,951,496 Total convertible debt obligation beginning balance 914,428 2,097,127 - 6,939,941 9,951,496 Interest expense 23,983 200,000 - 500,000 723,983 Accrued interest on conversion / interest payments - - - (500,000 ) (500,000 ) Principal and interest at maturity (509,716 ) - - - (509,716 ) Effect of foreign exchange (27,040 ) - - - (27,040 ) Change in fair value (401,655 ) (29,760 ) - (1,956,705 ) (2,388,120 ) Balance, August 31, 2022 - 2,267,367 - 4,983,236 7,250,603 Total convertible debt obligation ending balance - 2,267,367 - 4,983,236 7,250,603 2020 Total $ $ As of August 31, 2022: Less than one year 2,267,367 2,267,367 Greater than one year - 4,983,236 Total convertible debt obligation 2,267,367 7,250,603 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 As of August 31,2022, the 2019 series notes have matured. (a) Conversions during the years ended August 31, 2021 2019 Series During the year ended August 31, 2021, 2019 Series convertible debentures with a principal amount of CAD$ 1,315,000 175,331 175,331 175,331 Share price of CAD$ 11.65 14.15 1.36 1.90 7.50 6% 98.5% 179% 0.21% 0.27% 0.7651 0.8286 0% 2,603,875 This value was split between common shares and liability measured warrants as $ 1,500,214 1,103,661 2020 Series During the year ended August 31, 2021, 2020 Series convertible debentures with a principal amount of $ 11,651,393 1,553,518 1,553,518 1,134,305 Share price of $ 7.79 9.92 1.44 1.77 7.50 15.00 10% 95% 98.5% 0.09% 0.13% 0% 16,460,505 This value was split between common shares and equity measured warrants as $ 12,204,391 4,256,114 (b) Issuances during the year ended August 31, 2021 During the year ended August 31, 2021, 2020 Series convertible debentures with a principal amount of $ 2,901,393 2,901,393 2,000,000 224,719 2,000,000 2,000,000 1,381,084 618,916 224,719 4,282,477 On December 1, 2020, the EB Loan was amended. The amendment extended the maturity date by one year 1,000,000 5,000,000 1,000,000 11.25 5,000,000 10.25 15.00 three years The fair value of the Amended EB Loan on December 1, 2020, was $ 5,043,103 5,000,000 76,412 5,076,412 33,309 7,394,022 4,931,813 2,462,209 2,428,900 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (c) 2020 Series The 2020 Series debentures will mature twenty-four (24) months 5% 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 7.50 10% 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 (d) 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 (e) 2020 Series – Standby In September 2020, the Company entered into an $ 8,000,000 7.50 8.90 In November 2020, the Company issued 224,719 2,000,000 15.00 two years The remaining $ 6,000,000 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 As of August 31, 2022, the fair value of the 2020 Series convertible debentures was estimated using the binomial lattice model with the below assumptions: Disclosure of detailed information about fair value of convertible debentures 2020 Series August 31 2022 August 31, 2021 Share price 0.72 6.66 Conversion price 8.90 8.90 Term, in years 0.22 1.26 Interest rate 10 % 10 % Expected volatility 90.00 % 90.00 % Risk-free interest rate 2.85 % 0.10 % Expected dividend yield 0 % 0 % (f) EB CD On February 24, 2021, the Company extinguished the Amended EB Loan and issued the Lender a convertible debenture in the principal amount of $ 5 10.25 15.00 As of August 31, 2022, the fair value of the EB CD convertible debenture was estimated using the binomial lattice model with the below assumptions: Disclosure of detailed information about fair value of convertible debentures EB CD August 31 2022 August 31, 2021 Share price 0.72 6.66 Conversion price 10.25 10.25 Warrant exercise price 15.00 15.00 Term, in years 1.48 1.26 Interest rate 10 % 10 % Expected volatility 90.00 % 90.00 % Risk-free interest rate 3.45 % 0.30 % Expected dividend yield 0 % 0 % Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (g) 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) and sensitivity of unobservable inputs. Disclosure of key inputs of convertible debt Financial assets / financial liabilities 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 August 31, 2022 has been calculated using a binomial lattice methodology. Key observable inputs The estimated fair value would increase (decrease) if: Share price CAD $ .94 .72 The share price was higher (lower) Risk-free interest rate ( 2.85% 3.45% The risk-free interest rate was higher (lower) Dividend yield ( 0% The dividend yield was lower (higher) Key unobservable inputs Credit spread ( 10.13% 13.56% 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. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	19. Convertible debt The continuity of convertible debt for the year ended August 31, 2021, is as follows: Schedule of detailed information about continuity of convertible debt 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2019 12,532,723 - - - 12,532,723 Issuances - 8,828,550 8,828,550 Exchange of EB Loan for Amended EB Loan Exchange of Amended EB Loan for EB CD Conversion - common shares issued (5,152,023 ) - - - (5,152,023 ) Conversion - warrants issued (5,037,535 ) - - - (5,037,535 ) Interest expense 358,123 - - - 358,123 Accrued interest on conversion (317,508 ) 11,917 - - (305,591 ) Effect of foreign exchange (200,661 ) - - - (200,661 ) Change in fair value (61,250 ) (168,877 ) - - (230,127 ) Balance, August 31, 2020 2,121,869 8,671,590 - - 10,793,459 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2020 2,121,869 8,671,590 - - 10,793,459 Total convertible debt obligation beginning balance 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 54,126 398,183 138,710 250,000 841,019 Accrued interest on conversion / interest payments (101,247 ) (256,300 ) (250,000 ) - (607,547 ) Effect of foreign exchange 134,562 - - - 134,562 Change in fair value 1,308,993 5,461,682 - (704,081 ) 6,066,594 Balance, August 31, 2021 914,428 2,097,127 - 6,939,941 9,951,496 Total convertible debt obligation ending balance 914,428 2,097,127 - 6,939,941 9,951,496 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) 2019 2020 Amended EB Loan EB CD Total $ $ $ $ $ As of August 31, 2021: Less than one year 914,428 - - - 914,428 Greater than one year - 2,097,127 - 6,939,941 9,037,068 Total convertible debt obligation 914,428 2,097,127 - 6,939,941 9,951,496 Total convertible debt obligation ending balance 914,428 2,097,127 - 6,939,941 9,951,496 (a) Conversions during the years ended August 31, 2021, and 2020 2019 Series During the year ended August 31, 2021, 2019 Series convertible debentures with a principal amount of CAD$ 1,315,000 13,047,122 175,331 1,739,615 175,331 175,331 1,739,615 1,739,615 Share price of CAD$ 11.65 14.15 7.05 18,00 1.36 1.90 1.85 2.52 7.50 7.50 6% 6% 98.5% 179% 168.65% 181.93% 0.21% 0.27% 0.26% 0.96% 0.7651 0.8286 0.6899 0.7651 0% 2,603,875 10,189,558 This value was split between common shares and liability measured warrants as $ 1,500,214 5,152,023 1,103,661 5,037,535 2020 Series During the year ended August 31, 2021, 2020 Series convertible debentures with a principal amount of $ 11,651,393 nil 1,553,518 1,553,518 1,134,305 Share price of $ 7.79 9.92 1.44 1.77 7.50 15.00 10% 95% 98.5% 0.09% 0.13% 0% 16,460,505 This value was split between common shares and equity measured warrants as $ 12,204,391 4,256,114 (b) Issuances during the year ended August 31, 2021 During the year ended August 31, 2021, 2020 Series convertible debentures with a principal amount of $ 2,901,393 2,901,393 2,000,000 224,719 2,000,000 (Note 19(f)). 2,000,000 1,381,084 618,916 224,719 (Note 19(f) 4,282,477 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) On December 1, 2020, the EB Loan was amended (Note 18(c)) The amendment extended the maturity date by one year 1,000,000 5,000,000 1,000,000 11.25 5,000,000 10.25 15.00 three years The fair value of the Amended EB Loan on December 1, 2020, was $ 5,043,103 5,000,000 76,412 5,076,412 33,309 7,394,022 4,931,813 2,462,209 2,428,900 (c) 2019 Series As of August 31, 2021, the fair value of the 2019 Series convertible debentures was estimated using the binomial lattice model with the below assumptions: Disclosure of detailed information about fair value of convertible debentures 2019 Series August 31, 2021 August 31, Share price 8.42 11.65 Conversion price 7.50 7.50 Warrant exercise price 7.50 7.50 Term, in years .85 .94 1.85 1.94 Interest rate 6 % 6 % Expected volatility 90.00 % 179.00 % Risk-free interest rate 0.25% 0.26 % 0.25 % Exchange rate 0.7947 0.7651 Expected dividend yield 0 % 0 % (d) 2020 Series The 2020 Series debentures will mature twenty-four (24) months 5% 5% 10% Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) 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 7.50 10% 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 (e) 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 (f) 2020 Series – Standby In September 2020, the Company entered into an $ 8,000,000 7.50 8.90 In November 2020, the Company issued 224,719 2,000,000 15.00 two years The remaining $ 6,000,000 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) As of August 31, 2021, the fair value of the 2020 Series convertible debentures was estimated using the binomial lattice model with the below assumptions: Disclosure of detailed information about fair value of convertible debentures 2020 Series August 31, 2021 August 31, Share price 6.66 8.92 Conversion price 8.90 7.50 9.50 Warrant exercise price - 15.00 Term, in years 1.26 1.97 1.98 Interest rate 10 % 5% 10 % Expected volatility 90.00 % 200.00 % Risk-free interest rate 0.10 % 0.14 % Expected dividend yield 0 % 0 % (g) EB CD On February 24, 2021, the Company extinguished the Amended EB Loan and issued the Lender a convertible debenture in the principal amount of $ 5 10.25 15.00 As of August 31, 2021, the fair value of the EB CD convertible debenture was estimated using the binomial lattice model with the below assumptions: Disclosure of detailed information about fair value of convertible debentures EB CD August 31, 2021 August 31, Share price 6.66 - Conversion price 10.25 - Warrant exercise price 15.00 - Term, in years 1.26 - Interest rate 10 % - Expected volatility 90.00 % - Risk-free interest rate 0.30 % - Expected dividend yield 0 % - Disclosure of key inputs of convertible debt Financial assets / financial liabilities 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 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) Convertible debt The fair value of the convertible debentures as of August 31, 2020 has been calculated using a binomial lattice methodology. Key observable inputs The estimated fair value would increase (decrease) if: Share price (USD $ 8.92 The share price was higher (lower) Risk-free interest rate ( 0.14 The risk-free interest rate was higher (lower) Dividend yield ( 0 The dividend yield was lower (higher) Key unobservable inputs Credit spread ( 18.35 The credit spread was lower (higher) Discount for lack of marketability ( 47 The discount for lack of marketability was lower (higher)

Warrants

Warrants	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Warrants
Warrants	21. Warrants Liability measured warrants having CAD exercise price The following table reflects the continuity of the Company’s liability measured warrants for the years ended August 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 (2,134,116 ) Issued in private placement of units - transaction costs Issued in private placement of units Issued in private placement of convertible debt Change in fair value (9,037,108 ) Foreign exchange 800,945 Balance, August 31, 2021 4,868,703 Amount $ Balance at August 31, 2021 4,868,703 Change in fair value (4,748,893 ) Foreign exchange (69,916 ) Balance, August 31, 2022 49,894 The following table reflects the continuity of the Company’s outstanding liability measured warrants for the years ended August 31, 2022, and 2021: Schedule of outstanding warrants Weighted-average Number of exercise price warrants CAD # $ Outstanding, August 31, 2020 2,405,369 9.60 Issued on conversion of convertible debt 175,331 7.50 Number of warrants, Issued in private placement of convertible debt Weighted average exercise price, Issued in private placement of convertible debt Number of warrants, Issued in private placement of units Weighted average exercise price, Issued in private placement of units Exercised (901,060 ) 9.27 Expired (226,797 ) 13.43 Outstanding as of August 31, 2021 1,452,843 8.96 Weighted-average Number of exercise price warrants CAD # $ Outstanding, August 31, 2021 1,452,843 8.96 Expired (123,159 ) 9.24 Outstanding as of August 31, 2022 1,329,684 8.93 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The following table reflects the liability measured warrants issued and outstanding as of August 31, 2022: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average CAD Average remaining December 20, 2022 29,066 27.00 0.30 March 20, 2023 27,777 13.50 0.55 March 30, 2023 46,909 13.50 0.58 March 31, 2023 17,222 13.50 0.58 May 27, 2023 130,304 13.50 0.74 July 8, 2024 445,982 7.50 1.85 July 25, 2024 401,624 7.50 1.90 August 8, 2024 230,800 7.50 1.94 1,329,684 $ 8.93 1.65 As of August 31, 2022, the fair value of the 1,329,684 1,452,843 49,894 4,868,703 0.30 1.65 0.53 2.94 8.93 8.42 7.50 27.00 7.50 27.00 90 70 90 3.61 3.87 0.28 0.63 0 If all liability measured warrants outstanding and exercisable as of August 31, 2022, were exercised, the Company would receive cash from exercise of approximately CAD$ 11.9 (a) Liability measured warrants exercised during the year ended August 31, 2021 During the year ended August 31, 2021, the holders of 901,060 7.50 9.75 6,866,735 2,134,116 9,000,851 (b) Liability measured warrants issued during the year ended August 31, 2021 During the year ended August 31, 2021, the Company issued 175,331 2019 Series During the year ended August 31, 2021, the Company issued 175,331 175,331 1,103,661 A 3.36 3.90 9.50 12.33 7.50 98.5 136 0.25 0.54 0 Volatility is calculated using a weighted approach based on the changes in the Company’s historical stock price. The final fair value allocated to the warrants on conversion of convertible debt is based on a relative fair value allocation between the common shares issued and warrants issued on conversion. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Equity measured warrants having USD exercise price The following table reflects the continuity of the Company’s equity measured warrants for the years ended August 31, 2022, and 2021. Schedule of measured warrants Amount $ Balance at August 31, 2020 - Issued on conversion of convertible debt 4,256,114 Issued in private placement of convertible debt 618,916 Issued in private placement of units 7,373,806 Issued in private placement of units - transaction costs (582,333 ) Balance, August 31, 2021 11,666,503 Amount $ Balance at August 31, 2021 11,666,503 Beginning Balance 11,666,503 Balance, August 31, 2022 11,666,503 Ending Balance 11,666,503 The following table reflects the continuity of the Company’s outstanding equity measured warrants for the years ended August 31, 2022, and 2021: Schedule of outstanding warrants Weighted-average Number of exercise price warrants USD # $ Outstanding, August 31, 2020 - - Issued on conversion of convertible debt 1,134,305 15.00 Issued in private placement of convertible debt 224,719 15.00 Issued in private placement of units 2,377,272 15.00 Outstanding as of August 31, 2021 3,736,296 15.00 Weighted-average Number of exercise price warrants USD # $ Outstanding, August 31, 2021 3,736,296 15.00 Outstanding as of August 31, 2022 3,736,296 15.00 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The following table reflects the equity measured warrants issued and outstanding as of August 31, 2022: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average exercise price USD Average remaining contractual life (years) November 20, 2022 224,719 15.00 0.22 January 8, 2024 1,868,787 15.00 1.36 January 22, 2024 522,898 15.00 1.39 February 24, 2024 1,058,227 15.00 1.48 August 19, 2024 49,999 15.00 1.97 September 15, 2024 11,666 15.00 2.04 3,736,296 $ 15.00 1.34 If all equity measured warrants outstanding and exercisable as of August 31, 2022, were exercised, the Company would receive cash from exercise of approximately $ 56.0 The November 20,2022 warrants expired unexercised subsequent to year end. (c) Equity measured warrants issued during the year ended August 31, 2021 During the year ended August 31, 2021, the Company issued 1,134,305 224,719 2,377,272 3,736,296 (d) Equity measured warrants issued on conversion of convertible debt 2020 Series During the year ended August 31, 2021, the Company issued 1,134,305 1,134,305 4,256,114 A 3.00 3.50 7.79 11.17 15.00 98.5 0.29 0.57 0 Volatility is calculated using a weighted approach based on the changes in the Company’s historical stock price. The final fair value allocated to the warrants on conversion of convertible debt is based on a relative fair value allocation between the common shares and equity measured warrants. (e) Equity measured warrants issued on private placement of standby convertible debentures during the year ended August 31, 2021 During the year ended August 31, 2021, the Company issued 224,719 224,719 618,916 2 5.63 15.00 200 0.16 0 Volatility is calculated using a weighted approach based on the changes in the Company’s historical stock price. The final fair value allocated to the warrants on conversion of convertible debt is based on a relative fair value allocation between the common shares issued and warrants issued on conversion. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (f) Equity measured warrants issued on private placement of units during the year ended August 31, 2021 During the year ended August 31, 2021, the Company issued 2,377,272 2,377,272 191,387 2,377,272 7,373,806 A 3.00 7.79 10.00 15.00 98.5 0.29 0.43 0 Of the $ 7,373,806 6,603,243 2,185,885 770,563 191,387 6,791,473 7,373,806 582,333 Volatility is calculated using a weighted approach based on the changes in the Company’s historical stock price. The final fair value allocated to the warrants on the issuance of the units is based on a relative fair value allocation between the common shares issued and warrants issued.	21. Warrants Liability measured warrants having CAD exercise price The following table reflects the continuity of the Company’s liability measured warrants for the years ended August 31, 2021, and 2020: Schedule of measured warrants Amount $ Balance at August 31, 2020 14,135,321 Issued in acquisition of Frankly Issued on conversion of convertible debt 1,103,661 Issued in private placement of convertible debt Issued in private placement of units Issued in private placement of units - transaction costs Exercised (2,134,116 ) Change in fair value (9,037,108 ) Foreign exchange 800,945 Balance, August 31, 2021 4,868,703 Amount $ Balance at August 31, 2019 296,795 Issued in acquisition of Frankly 2,157,000 Issued on conversion of convertible debt 5,037,535 Issued in private placement of units 991,709 Exercised (1,345,573 ) Change in fair value 6,189,921 Foreign exchange 807,934 Balance, August 31, 2020 14,135,321 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The following table reflects the continuity of the Company’s outstanding liability measured warrants for the years ended August 31, 2021, and 2020: Schedule of outstanding warrants Weighted-average Number of exercise price warrants CAD # $ Outstanding, August 31, 2020 2,405,369 9.60 Issued on conversion of convertible debt 175,331 7.50 Number of warrants , Issued Weighted average exercise price, Issued Number of warrants, Issued on acquisition of UMG Weighted average exercise price, Issued on acquisition of UMG Number of warrants Weighted average exercise price, Issued in acquisition of Frankly Number of warrants Weighted average exercise price, Issued in private placement of convertible debt Number of warrants Weighted average exercise price, Issued in private placement of units Exercised (901,060 ) 9.27 Expired (226,797 ) 13.43 Outstanding as at August 31, 2021 1,452,843 8.96 Number of Weighted-average exercise price warrants CAD # $ Outstanding, August 31, 2019 29,318 448.50 Issued 1,990,890 8.45 Issued on acquisition of UMG 9,943 174.18 Issued in acquisition of Frankly 1,055,036 9.69 Exercised (654,543 ) 7.50 Expired (25,275 ) 551.26 Outstanding as at August 31, 2020 2,405,369 9.60 The following table reflects the liability measured warrants issued and outstanding as of August 31, 2021: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average exercise price CAD Average remaining contractual life (years) March 13, 2022 123,159 10.50 0.53 December 20, 2022 29,066 27.00 1.30 March 20, 2023 27,777 13.50 1.55 March 30, 2023 46,909 13.50 1.58 March 31, 2023 17,222 13.50 1.58 May 27, 2023 130,304 13.50 1.74 July 8, 2024 445,982 7.50 2.85 July 25, 2024 401,624 7.50 2.90 August 8, 2024 230,800 7.50 2.94 1,452,843 $ 8.96 2.47 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) As of August 31, 2021, the fair value of the 1,452,843 2,405,369 4,868,703 14,135,321 0.53 2.94 0.23 3.94 8.42 11.65 7.50 27.00 7.50 205.20 70 90 115 136 0.28 0.63 0.23 0.32 0 If all liability measured warrants outstanding and exercisable as of August 31, 2021, were exercised, the Company would receive cash from exercise of approximately CAD$ 13.0 (a) Liability measured warrants exercised during the year ended August 31, 2021 During the year ended August 31, 2021, the holders of 901,060 7.50 9.75 6,866,735 2,134,116 9,000,851 (b) Liability measured warrants issued during the year ended August 31, 2021 During the year ended August 31, 2021, the Company issued 175,331 1,739,613 (Note 19(a) – 2019 Series) 251,277 (Note 22(c)) 175,331 1,990,890 (c) Liability measured warrants issued on conversion of convertible debt 2019 Series During the year ended August 31, 2021, the Company issued 175,331 1,739,613 175,331 1,739,613 1,103,661 5,037,535 A 3.36 3.90 3.92 4.91 9.50 12.33 7.05 25.65 7.50 7.50 98.5 136 136 0.25% 0.54% 0.28% 1.71% 0 Volatility is calculated using a weighted approach based on the changes in the Company’s historical stock price. The final fair value allocated to the warrants on conversion of convertible debt is based on a relative fair value allocation between the common shares issued and warrants issued on conversion. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Equity measured warrants having USD exercise price The following table reflects the continuity of the Company’s equity measured warrants for the year ended August 31, 2021. There were no equity measured warrants outstanding as of August 31, 2020: Schedule of measured warrants Amount $ Balance at August 31, 2020 - Beginning Balance - Issued on conversion of convertible debt 4,256,114 Issued in private placement of convertible debt 618,916 Issued in private placement of units 7,373,806 Issued in private placement of units - transaction costs (582,333 ) Balance, August 31, 2021 11,666,503 Ending Balance 11,666,503 The following table reflects the continuity of the Company’s outstanding equity measured warrants for the year ended August 31, 2021: Schedule of outstanding warrants Weighted-average Number of exercise price warrants USD # $ Outstanding, August 31, 2020 - - Issued on conversion of convertible debt 1,134,305 15.0 Issued in private placement of convertible debt 224,719 15.00 Issued in private placement of units 2,377,272 15.00 Outstanding as at August 31, 2021 3,736,296 15.00 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The following table reflects the equity measured warrants issued and outstanding as of August 31, 2021: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average exercise price USD Average remaining contractual life (years) November 20, 2022 224,719 15.00 1.22 January 8, 2024 1,868,787 15.00 2.36 January 22, 2024 522,898 15.00 2.39 February 24, 2024 1,058,227 15.00 2.48 August 19, 2024 49,999 15.00 2.97 September 15, 2024 11,666 15.00 3.04 3,736,296 $ 15.00 2.34 If all equity measured warrants outstanding and exercisable as of August 31, 2021, were exercised, the Company would receive cash from exercise of approximately $ 56.0 (a) Equity measured warrants issued during the year ended August 31, 2021 During the year ended August 31, 2021, the Company issued 1,134,305 nil (Note 19(a) – 2020 Series) 224,719 nil (Note 19(f)) 2,377,272 nil (Note 22(c)) 3,736,296 nil (b) Equity measured warrants issued on conversion of convertible debt 2020 Series During the year ended August 31, 2021, the Company issued 1,134,305 nil 4,256,114 A 3.00 3.50 7.79 11.17 15.00 98.5 0.29 0.57 0 Volatility is calculated using a weighted approach based on the changes in the Company’s historical stock price. The final fair value allocated to the warrants on conversion of convertible debt is based on a relative fair value allocation between the common shares and equity measured warrants. (c) Equity measured warrants issued on private placement of standby convertible debentures During the year ended August 31, 2021, the Company issued 224,719 (Note 19(f)) . The fair value of the 224,719 618,916 A 2 5.63 15.00 200 0.16 0 Volatility is calculated using a weighted approach based on the changes in the Company’s historical stock price. The final fair value allocated to the warrants on conversion of convertible debt is based on a relative fair value allocation between the common shares issued and warrants issued on conversion. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) (d) Equity measured warrants issued on private placement of units During the year ended August 31, 2021, the Company issued 2,377,272 nil 2,377,272 191,387 2,377,272 nil 7,373,806 nil A 3.00 7.79 10.00 15.00 nil 98.5 0.29 0.43 0 Of the $ 7,373,806 6,603,243 2,185,885 770,563 191,387 6,791,473 7,373,806 582,333 Volatility is calculated using a weighted approach based on the changes in the Company’s historical stock price. The final fair value allocated to the warrants on the issuance of the units is based on a relative fair value allocation between the common shares issued and warrants issued.

Share capital

Share capital	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of classes of share capital [abstract]
Share capital	22. Share capital (a) Authorized The Company is authorized to issue an unlimited number of no par value common shares and an unlimited number of preference shares. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (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 277,749 1,895,891 Shares issued under shares for services Shares issued under shares for services, shares Common shares issued on exercise of options 20,833 290,558 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 901,060 9,000,851 Shares issued on acquisition of SideQik 386,584 3,962,000 Balance, August 31, 2021 15,543,309 122,741,230 Shares Consideration # $ Balance, August 31, 2021 15,543,309 122,741,230 Shares issued on vesting of RSUs 203,537 1,489,962 Shares issued under shares for services 57,029 666,667 Balance, August 31, 2022 15,803,875 124,897,859 (c) Activity for the year ended August 31, 2022 During the year ended August 31, 2022, the Company issued 203,537 57,029 (d) Activity for the year ended August 31, 2021 Private Placement of units In January and February 2021, the Company closed on the issuance of 4,371,767 32,788,253 15.00 30,000,000 30.00 The Company paid cash commissions to eligible finders under the offering of $ 1,681,477 89,402 31,017,374 In addition to the cash finder’s fees discussed above, the Company issued the following securities as partial payment of commissions to finders: 63,666 159,554 15.00 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The total number of common shares issued as a result of the private placements totaled 4,435,433 4,371,767 63,666 2,377,272 2,217,718 50 159,554 A summary of amounts recorded in connection with private placement and their effect on financial statement line items is noted below: Schedule of private placement Proceeds Shares Impact on share capital Warrants Impact on contributed surplus $ # $ # $ Units issued in private placement 32,788,253 4,371,767 26,185,009 2,185,885 6,603,244 Cash commissions (1,681,477 ) - (1,345,736 ) - (335,741 ) Regulatory and legal fees (89,402 ) - (71,522 ) - (17,880 ) Finders’ units issued - 63,666 383,720 31,833 93,775 Finders’ units considered as transaction costs - - (383,720 ) - (93,775 ) Finders’ warrants issued - - - 159,554 676,787 Finders’ warrants considered as transaction costs - - (541,850 ) - (134,937 ) 31,017,374 4,435,433 24,225,901 2,377,272 6,791,473 The fair value allocated between the common shares and warrants on the issuance of the Units is based on a relative fair value allocation between the common shares issued and warrants issued. Refer to equity measured warrants note for discussion of the key assumptions used in valuation of the warrants as part of the relative fair value allocation. Other activity During the year ended August 31, 2021, the Company had the following additional activity to share capital: (i) issued 277,749 20,833 1,728,848 901,060 40,000 226,556 6,666 54,061 100,000	22. 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, 2019 156,438 29,613,406 Impact of share consolidation (114 ) - Shares issued on vesting of RSUs 26,666 159,895 Convertible debt conversion 1,739,615 5,152,023 Private placements, net of costs 502,562 2,694,076 Shares issued for debt conversion 59,654 724,231 Shares issued on acquisition of UMG 288,560 3,804,344 Shares issued on acquisition of Frankly 2,258,215 12,155,000 Shares issued on acquisition of Winview 1,759,997 7,579,000 Shares issued on acquisition of Driver Database (Note 6) 100,000 859,745 Shares issued on acquisition of Lets Go Racing (Note 6) 200,000 1,719,491 Common shares issued on exercise of options Common shares issued on exercise of options (in shares) Common shares issued on private placement, net of costs Common shares issued on private placement, net of costs (in shares) EB bonus shares EB bonus shares (in shares) Shares for debt Shares for debt (in shares) Shares issued on acquisiton of SideQik Shares issued on acquisiton of SideQik (in shares) Common shares issued on exercise of warrants 654,543 4,919,596 Balance, August 31, 2020 7,746,136 69,380,807 Shares Consideration # $ Balance, August 31, 2020 7,746,136 69,380,807 Shares issued on vesting of RSUs 277,749 1,895,891 Common shares issued on exercise of options 20,833 290,558 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 901,060 9,000,851 Shares issued on acquisition of SideQik 386,584 3,962,000 Balance, August 31, 2021 15,543,309 122,741,230 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) (c) Activity for the year ended August 31, 2021 Private Placement of units In January and February 2021, the Company closed on the issuance of 4,371,767 32,788,253 15.00 30,000,000 30.00 The Company paid cash commissions to eligible finders under the offering of $ 1,681,477 89,402 31,017,374 In addition to the cash finder’s fees discussed above, the Company issued the following securities as partial payment of commissions to finders: 63,666 159,554 15.00 The total number of common shares issued as a result of the private placements totaled 4,435,433 4,371,767 63,666 2,377,272 2,217,718 50% 159,554 A summary of amounts recorded in connection with private placement and their effect on financial statement line items is noted below: Schedule of private placement Proceeds Shares Impact on share capital Warrants Impact on contributed surplus $ # $ # $ Units issued in private placement 32,788,253 4,371,767 26,185,009 2,185,885 6,603,244 Cash commissions (1,681,477 ) - (1,345,736 ) - (335,741 ) Regulatory and legal fees (89,402 ) - (71,522 ) - (17,880 ) Finders’ units issued - 63,666 383,720 31,833 93,775 Finders’ units considered as transaction costs - - (383,720 ) - (93,775 ) Finders’ warrants issued - - - 159,554 676,787 Finders’ warrants considered as transaction costs - - (541,850 ) - (134,937 ) 31,017,374 4,435,433 24,225,901 2,377,272 6,791,473 The fair value allocated between the common shares and warrants on the issuance of the Units is based on a relative fair value allocation between the common shares issued and warrants issued. Refer to equity measured warrants note for discussion of the key assumptions used in valuation of the warrants as part of the relative fair value allocation. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Other activity During the year ended August 31, 2021, the Company had the following additional activity to share capital: (i) issued 277,749 Note 24) 20,833 1,728,848 (Note 19(a)) 901,060 (Note 21(a)) 40,000 226,556 6,666 54,061 100,000 386,584 3,962,000 Note 6 Activity for the year ended August 31, 2020 During the year ended August 31, 2020, the Company issued 26,666 (Note 24) 1,739,615 (Note 19) 502,562 On December 18, 2019, the Company closed a non-brokered private placement at a price of CAD$ 18.75 14.25 58,133 1,090,000 830,907 27.00 612,745 58,133 218,162 29,067 (Note 21) During the third quarter of 2020 the Company closed a non-brokered private placement at a price of CAD$ 9.00 444,429 3,999,860 2,875,593 13.50 2,102,047 444,429 773,546 222,214 (Note 21) On March 20, 2020, the Company issued 46,300 900,003 632,522 13,354 125,000 91,709 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) On December 31, 2019, the Company issued 288,560 common shares with a fair value of $ 3,804,344 in connection with the acquisition of UMG ( Note 6 ). On May 8, 2020, the Company issued 2,258,215 common shares with a fair value of $ 12,155,000 in connection with the acquisition of Frankly ( Note 6 ). On May 8, 2020, the Company issued 1,759,997 common shares with a fair value of $ 7,579,000 in connection with the acquisition of Winview ( Note 6 ). On June 3, 2020, the Company issued 100,000 common shares with a fair value of $ 859,745 in connection with the acquisition of DriverDB ( Note 6 ). On June 3, 2020, the Company issued 200,000 common shares with a fair value of $ 1,719,491 in connection with the acquisition of Lets Go Racing ( Note 6 ). During the year ended August 31, 2020, the Company issued 654,543 common shares in connection with the exercise of warrants. In connection with these exercises, amounts recorded to share capital of $ 4,919,596 are comprised of exercise proceeds of $ 3,574,023 and intrinsic value of warrants on exercise of $ 1,345,573 ( Note 21 ).

Stock options

Stock options	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Stock Options
Stock options	23. 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. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The following table reflects the continuity of stock options for the years ended August 31, 2022, and 2021: Disclosure 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 487,466 11.77 8.16 Issued on exercise of options (20,833 ) 7.91 4.38 Forfeitures (26,816 ) 27.20 6.51 Balance, August 31, 2021 692,938 11.64 7.06 4.46 Balance, August 31, 2021 692,938 11.64 7.06 4.46 Granted 953,957 1.41 0.75 Forfeitures (503,713 ) 9.76 5.61 Balance, August 31, 2022 1,143,182 3.93 2.43 5.64 Exercisable as of August 31, 2022 555,934 3.89 2.29 5.65 During the year ended August 31, 2022, the Company granted options to purchase 953,957 1.15 3.90 0 1.24 2.75 5 90 During the year ended August 31, 2021, the Company granted options to purchase 487,466 7.78 15.08 0 .83 1.48 10 years 90 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The following tables reflect the stock options issued and outstanding as of August 31, 2022: Disclosure of detailed information about options issued and outstanding Outstanding Weighted Weighted Expiry date options CAD USD (Years) April 1, 2023 47,499 11.25 7.91 0.58 August 25, 2025 340 106.50 76.43 2.99 February 10, 2026 1,338 106.50 76.43 3.45 May 23, 2026 9 106.50 76.43 3.73 June 24, 2026 146,433 15.04 12.21 3.82 July 2, 2026 45,010 15.08 12.21 3.84 August 20, 2026 10,000 7.78 6.05 3.97 March 3, 2027 1,003 106.50 76.43 4.51 November 3, 2027 133 106.50 76.43 5.18 November 7, 2029 30,755 7.50 5.38 7.19 June 14, 2031 10,683 14.20 11.69 8.79 November 23, 2031 10,000 12.45 9.82 9.24 January 31, 2027 15,000 3.90 3.07 4.42 April 12, 2027 100,000 2.87 2.27 4.62 August 10, 2027 100,000 1.47 1.15 4.95 May 26, 2029 624,979 1.49 1.16 6.74 1,143,182 5.01 3.93 5.64 Of the 1,143,182 692,938 555,934 209,950 3,034,073 665,339	23. 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 Disclosure of detailed information about number and weighted average exercise prices of share options Weighted-average Number of Exercise Grant-date Remaining # $ $ (yrs.) Balance, Aug. 31, 2019 6,971 166.20 49.86 5.84 Issued on acquisition of UMG 16,606 63.30 2.32 Issued on acquisition of Frankly 64,659 9.22 5.07 Number of stock options Issued on exercise of options Exercise price Issued on exercise of options Grant-date fair value Issued on exercise of options Granted 169,995 7.91 4.38 Expired/Cancelled (5,110 ) 185.97 55.79 Balance, Aug 31, 2020 253,121 12.73 4.39 4.31 Balance, August 31, 2020 253,121 12.73 4.39 4.31 Granted 487,466 11.77 8.16 Issued on exercise of options (20,833 ) 7.91 4.38 Expired/Cancelled (26,816 ) 27.20 6.51 Balance, Aug 31, 2021 692,938 11.64 7.06 4.46 Exerciseable as at Aug 31, 2021 209,950 13.01 4.30 2.35 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The following tables reflect the stock options issued and outstanding as of August 31, 2021: Disclosure of detailed information about options issued and outstanding Expiry date Outstanding options CAD Weighted average exercise price Weighted average remaining contractual term December 10, 2021 1,564 93.30 71.84 0.28 June 30, 2022 4,428 153.45 118.15 0.83 April 1, 2023 84,165 11.25 7.91 1.58 October 31, 2023 64,997 11.25 7.91 2.17 January 29, 2025 46 106.50 76.43 3.42 August 25, 2025 340 106.50 76.43 3.99 September 23, 2025 11 106.50 76.43 4.07 February 10, 2026 1,443 106.50 76.43 4.45 May 19, 2026 4 106.50 76.43 4.72 May 23, 2026 9 106.50 76.43 4.73 June 24, 2026 375,188 15.04 12.21 4.82 July 1, 2026 10,000 14.87 12.00 4.84 July 2, 2026 57,762 15.08 12.21 4.84 August 20, 2026 32,500 7.78 6.05 4.97 March 3, 2027 1,256 106.50 76.43 5.51 July 31, 2027 159 106.50 76.43 5.92 November 3, 2027 133 106.50 76.43 6.18 November 7, 2029 46,251 7.50 5.38 8.19 April 20, 2030 666 7.05 5.06 8.64 December 2, 2030 1,333 9.50 7.38 9.26 June 14, 2031 10,683 14.20 11.69 9.79 692,938 14.86 11.64 4.46 Of the 692,938 253,121 209,950 191,730

Restricted share units

Restricted share units	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Restricted Share Units
Restricted share units	24. 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 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The Company’s outstanding RSUs are as follows: Disclosure of detailed information about restricted stock units outstanding Number # Balance, August 31, 2020 402,372 Issued on acquisition of SideQik 23,939 Granted 353,467 Vested (277,749 ) Cancelled (11,855 ) Balance, August 31, 2021 490,174 Balance, August 31, 2021 490,174 Granted 1,086,382 Vested (203,537 ) Cancelled (176,808 ) Balance, August 31, 2022 1,196,211 Activity for the year ended August 31, 2022 During the year ended August 31, 2022, the Company granted 966,691 1.15 1,111,695 159,568 119,691 1.10 4.98 538,452 Activity for the year ended August 31, 2021 During the year ended August 31, 2021, the Company granted 353,467 7.94 14.61 3,547,104 377,406 75,944 713,874 550,896 23,939 245,000 During the years ended August 31, 2022, and 2021, share-based compensation expense for the Company’s RSUs was $ 1,654,145 3,037,366	24. 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 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The Company’s outstanding RSUs are as follows: Disclosure of detailed information about restricted stock units outstanding Number # Balance, August 31, 2019 - Issued on acquisition of Frankly 50,037 Granted 379,001 Vested (26,666 ) Cancelled - - Balance, August 31, 2020 402,372 Balance, August 31, 2020 402,372 Issued on acquisition of SideQik 23,939 Granted 353,467 Vested (277,749 ) Cancelled (11,855 ) Balance, August 31, 2021 490,174 Activity for the year ended August 31, 2021 During the year ended August 31, 2021, the Company granted 353,467 7.94 14.61 3,547,104 377,406 75,944 713,874 550,896 23,939 245,000 Activity for the year ended August 31, 2020 On April 1, 2020, the Company granted 26,666 352,335 50,037 The fair value of RSUs granted on April 1, 2020, was estimated based on a closing price of CAD$ 8.55 6.01 228,000 159,895 26,666 8.40 6.34 2,959,614 2,232,997 During the year ended August 31, 2021, share-based compensation expense for the Company’s RSUs was $ 3,037,366 479,663 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Capital management

Capital management	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Capital Management
Capital management	25. Capital management The Company considers its capital to be its shareholders’ equity. As of August 31, 2022, the Company had shareholders’ equity before non-controlling interests of $ 15,702,398 15,161,438 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 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 years ended August 31, 2022, and 2021.	25. Capital management The Company considers its capital to be its shareholders’ equity. As of August 31, 2021, the Company had shareholders’ equity before non-controlling interests of $ 15,161,438 (10,276,463) 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 years ended August 31, 2021, and 2020.

Commitments and contingencies

Commitments and contingencies	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Commitments And Contingencies
Commitments and contingencies	26. 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 2,625,657 966,667 692,613 On July 15, 2021, a complaint was filed against Winview Inc. by Bleacher League Entertainment, Inc. in the United States District Court for the District of Delaware, alleging that Winview had violated two of Bleacher’s patents covering an interactive themed baseball game and seeking damages and other relief. The parties have entered into an agreement resolving this matter and in connection therewith, on November 8, 2021, the plaintiff terminated the pending action by filing a notice of voluntary dismissal with prejudice. There was no related expense. 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. By Complaint filed on October 28, 2022, against the defendant directors, the insurance carrier providing directors and officers coverage for the shareholder action is seeking a declaration that the action is not covered under the directors and officers policy issued by it. As of August 31, 2022 it is impossible to estimate a liability or if one is likely. 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 defendants have also filed petitions for inter partes 5,029,475 By Order to Continue dated May 5, 2022, the Company was substituted in as the plaintiff in a matter pending in the Ontario Superior Court of Justice, seeking recovery of € 1,903,153 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. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 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.	26. 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 6,468,330 Separately, in April of 2021, the Company received a copy of a complaint filed by 3CI Holdings, LLP 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 in this matter. 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. On July 15, 2021, a complaint was filed against Winview Inc. by Bleacher League Entertainment, Inc. in the United States District Court for the District of Delaware, alleging that Winview had violated two of Bleacher’s patents covering an interactive themed baseball game and seeking damages and other relief. The parties have entered into an agreement resolving this matter and in connection therewith, on November 8, 2021, the plaintiff terminated the pending action by filing a notice of voluntary dismissal with prejudice. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) 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. FanDuel filed a partial motion to dismiss two of the claims alleged in Winview’s complaint. Winview has responded and the motion is pending. DraftKings filed a motion to dismiss Winview’s complaint, which was withdrawn without prejudice after Winview filed an amended complaint. While potential damages may be significant if these lawsuits are wholly or partially successful, at this time the Company cannot predict the outcome of the suits or determine the extent of potential damages if they are successful in whole or in part. 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. 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	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Discontinued Operations
Discontinued operations	27. Discontinued operations Winview During the fourth quarter of fiscal 2022, The Company executed a plan to discontinue operating the Winview business, following a strategic decision to focus the Company’s resources on the key revenue streams of software-as-a-service and advertising. Winview was previously part of the Company’s Gaming segment. Accordingly, WinView results for the current and comparative periods have been presented as discontinued operations within the Consolidated Statements of Loss and Comprehensive Loss. Winview revenue was previously categorized as Direct to consumer. During the year ended August 31, 2020, the Company conducted a comprehensive review of its forecasts, considering various factors, including changes in market conditions and business outlook. The outcome of this review led to a revision of the forecasts associated with Winview. As a result of the revised forecasts, the company recognized impairment losses on intangible assets as of August 31, 2020. This impairment reflects the updated assessment of the recoverable amounts, which are now lower than the carrying amounts. The impairment losses recognized have been recognized in the consolidated statement of loss and comprehensive loss. During the years ended August 31, 2020, 2021 and 2022, the Company recognized patent impairment expense amounting to $ 6,503,483 705,331 800,231 0 The Company also recorded impairment losses of $ 136,331 to write down the right of use asset to fair value less costs of disposal, the remaining book value of these assets is $ 0 (Notes 14 and 15). These impairments are recorded in the Gain (loss) from discontinued operations within the Consolidated Statements of Loss and Comprehensive Loss. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Results from the discontinued operations for Winview and the related cash flows are as follows: Schedule of discontinued operations Revenues For the year ended August 31, 2022 (As Restated) August 31, 2021 (As Restated) $ $ Revenues Revenue 135,160 3,543 Operating expenses Salaries and wages 1,882,858 1,449,744 Consulting 945,397 524,971 Professional fees 468,408 584,149 Sponsorships and tournaments 150,512 15,133 Advertising and promotion 416,968 69,592 Office and general 518,540 411,636 Technology expenses 47,809 25,009 Amortization and depreciation 362,572 503,810 Impairment expense 936,562 705,331 Restructuring Costs 226,152 - Interest expense 66,164 46,977 (Gain) loss on foreign exchange (601 ) - Non-operational professional fees 1,613,831 846,475 Net income (loss) from discontinued operations (7,500,012 ) (5,179,284 ) Schedule of cash flow in discontinued operation Net cash provided by (used in) operating activities 78,772 1,097,635 For the year ended August 31, 2022 August 31, 2021 Net cash provided by (used in) operating activities 78,772 1,097,635 Disposal of Motorsports Net cash used in financing activities (110,906 ) (1,054,503 ) Change in cash (32,134 ) 43,132 Cash, beginning of period 52,746 9,614 Cash, end of period 20,612 52,746 UMG The Company entered into an agreement on June 13, 2022, to sell certain assets of UMG for $ 100 300,000 262,000 Accordingly, UMG results for the current and comparative periods have been presented as discontinued operations within the Consolidated Statements of Loss and Comprehensive Loss. UMG revenue was previously categorized as Direct to consumer. During the year ended August 31, 2020, the Company conducted a comprehensive review of its forecasts, considering various factors, including changes in market conditions and business outlook. The outcome of this review led to a revision of the forecasts associated with UMG. As a result of the revised forecasts, the company recognized impairment losses on intangible assets and goodwill as of the acquisition date. This impairment reflects the updated assessment of the recoverable amounts, which are now lower than the carrying amounts. The impairment losses recognized have been recognized in the consolidated statement of loss and comprehensive loss. For the year ended August 31, 2020, the breakdown of impairment losses between intangible assets and goodwill was $ 719,706 3,209,045 0 385,231 94,387 During the quarter ended May 2022, the Company recognized impairment expense relating to assets not disposed of in connection with the UMG asset sale amounting to $ 457,514 0 209,934 153,192 $ 94,387 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Consideration transferred for the sale of UMG Games sales and the resulting gain on disposal was as follows: Schedule of loss on disposal Amount $ Consideration received or receivable: Cash consideration 100 Deferred cash consideration 262,000 Total disposal consideration 262,100 Carrying amount of net assets sold (4,550 ) Gain on disposal of UMG Assets 257,550 The net assets of UMG (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 and cash equivalents Restricted cash Accounts and other receivables Government remittances Prepaid expenses and other Right-of-use assets Intangible assets Goodwill Property and equipment 27,931 Total assets of disposal group 27,931 Carrying amount of liabilities directly associated with assets as at the date of sale: Long-term debt, current Lease obligation, current Accrued liabilities Accounts payable Players liability account 23,381 Total liabilities of disposal group 23,381 Net assets of disposal group 4,550 Results from the discontinued operations for UMG and the related cash flows are as follows: Schedule of discontinued operations Revenues For the year ended August 31, 2022 (As Restated) August 31, 2021 (As Restated) $ $ Revenues Revenue 596,126 449,857 Operating expenses Salaries and wages 1,119,786 1,024,732 Consulting - - Professional fees (6,227 ) 253,147 Sponsorships and tournaments 713,031 420,537 Advertising and promotion 23,790 17,869 Office and general 97,666 145,866 Technology expenses 82,189 153,312 Amortization and depreciation 140,237 338,475 Impairment expense 457,514 385,231 Restructuring Costs 81,394 - Interest expense 14,553 36,107 (Gain) loss on foreign exchange 19,974 (15,733 ) Net income (loss) from discontinued operations (2,147,781 ) (2,309,686 ) Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Schedule of cash flow in discontinued operation Net cash provided by (used in) operating activities 6,491 438,394 For the year ended August 31, 2022 August 31, 2021 Net cash provided by (used in) operating activities 6,491 438,394 Net cash used in financing activities (72,409 ) (86,117 ) Change in cash (65,918 ) 352,277 Cash, beginning of period 175,296 (176,981 ) Cash, end of period 109,378 175,296 Eden Games 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 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. Accordingly, Eden Games’ results for the current and comparative periods have been presented as discontinued operations within the Consolidated Statements of Loss and Comprehensive Loss. Eden Games revenue was previously categorized as Games development. 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 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. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 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 Revenues For the year ended August 31, 2022 August 31, 2021 $ $ Revenues Revenue 4,759,711 3,422,202 Operating expenses Salaries and wages 2,113,180 3,384,577 Consulting 796,570 966,372 Office and general 265,125 565,340 Amortization and depreciation 224,349 1,377,550 Share-based payments (93 ) (49 ) Interest expense 7,145 41,639 (Gain) loss on foreign exchange 39,350 (135,976 ) Net income (loss) from discontinued operations 1,314,085 (2,777,251 ) Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Schedule of cash flow in discontinued operation Net cash provided by (used in) operating activities 509,166 444,640 For the year ended August 31, 2022 August 31, 2021 $ $ Net cash provided by (used in) operating activities 509,166 444,640 Disposal of Eden (647,187 ) - Net cash used in financing activities (132,550 ) (281,647 ) Change in cash (270,571 ) 162,993 Cash, beginning of period 270,571 107,578 Cash, end of period - 270,571 Motorsport Group 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 is 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 have been presented as a discontinued operation. 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 ) Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 During the year ended August 31, 2022 the Company determined that $ 194,268 The net assets of the Motorsport 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 and cash equivalents (24,348 ) Restricted cash - 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 Results of discontinued operations for the Motorsports Group and PGL Nevada, (together, the “discontinued operations”) and the related cash flows are as follows: Schedule of discontinued operations Revenues For the year ended August 31, 2022 August 31, 2021 $ $ Revenues Revenue - 90,934 Operating expenses Salaries and wages - 212,546 Consulting - 267,933 Professional fees - 24,781 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 5,256 29,535 Gain on extinguishment of liabilities (1,105,023 ) - Net income (loss) from discontinued operations 1,099,767 (945,109 ) Schedule of cash flow in discontinued operation Net cash provided by (used in) operating activities - (92,652 ) For the year ended August 31, 2022 August 31, 2021 $ $ Net cash provided by (used in) operating activities - (92,652 ) Disposal of Motorsports - 24,348 Change in cash - (68,304 ) Cash, beginning of period - 68,304 Cash, end of period - - Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	27. Discontinued operations 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 is 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 have been presented as a discontinued operation. 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 ) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The net assets of the Motorsport 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 and cash equivalents (24,348 ) Restricted cash - 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 The operating results of the Motorsports Group and PGL Nevada, (together, the “discontinued operations”) for the years ended August 31, 2021, and 2020 are presented as follows: Schedule of discontinued operations For the year ended Aug 31, 2021 Aug 31, 2020 $ $ Revenues Advertising revenue 90,934 562,534 Operating expenses Salaries and wages 212,546 815,304 Consulting 267,933 1,014,940 Professional fees 24,781 219,369 Sponsorships and tournaments 203,637 3,697,046 Advertising and promotion 1,740 30,808 Office and general 7,374 155,464 Technology expenses 86,590 163,534 Amortization and depreciation 201,335 341,668 Share-based payments - - Interest expense 572 1,162 (Gain) loss on foreign exchange 29,535 (16,550 ) Net loss from discontinued operations (945,109 ) (5,860,211 ) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The net cash flows from discontinued operations for the years ended August 31, 2021, and 2020 are as follows: Schedule of cash flow in discontinued operation For the year months ended Aug 31, 2021 Aug 31, 2020 $ $ Net cash provided by (used in) operating activities (92,652 ) 85,693 Disposal of Motorsports 24,348 - Change in cash (68,304 ) 85,693 Cash, beginning of period 68,304 (17,389 ) Cash, end of period - 68,304

Segmented information

Segmented information	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of operating segments [abstract]
Segmented information	28. Segmented information Information reported to the Company’s Co-Chief Executives, the Chief Operating Decision Makers (“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 Gaming, Media, and Corporate and Other. Discontinued operations have been removed from the segment information and prior periods have been rested to conform with current year presentation. The Group’s reportable segments under IFRS 8 Operating Segments 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 in fiscal 2022: Schedule of segment reporting Gaming (As Media (As Corporate Total $ $ $ $ Revenue External sales 1,906,137 39,976,476 - 41,882,613 Results Segment loss (706,527 ) (11,202,185 ) - (11,908,712 ) Central administration costs - - 9,788,532 9,788,532 Other gains and losses (6,490 ) 186,247 (10,312,246 ) (10,132,489 ) Finance costs 57 1,193 728,598 729,848 Income (loss) before tax (700,094 ) (11,389,625 ) (204,884 ) (12,294,603 ) Income tax - - - - Gain (Loss) for the period from: Share of net loss of associate Discontinued operations (6,578,152 ) - 14,535,910 7,957,758 Non-controlling interest in net loss - - (65,219 ) (65,219 ) Net income (loss) (7,278,246 ) (11,389,625 ) 14,265,807 (4,402,064 ) Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The following is an analysis of the Company’s revenue and results by reportable segment in fiscal 2021: Gaming (As Media (As Corporate Total (As $ $ $ $ Revenue External sales 1,401,981 31,943,287 - 33,345,268 Results Segment loss 849,721 (7,583,018 ) - (6,733,297 ) Central administration costs - - 9,733,244 9,733,244 Other gains and losses 140,545 4,280,597 6,576,302 10,997,444 Finance costs (60 ) 512,937 762,121 1,274,998 Loss before tax 709,236 (12,376,552 ) (17,071,667 ) (28,738,983 ) Income tax - - - - Gain (Loss) for the period from: Share of net loss of associate - - (103,930 ) (103,930 ) Discontinued operations (11,211,330 ) - (678,931 ) (11,890,261 ) Non-controlling interest in net loss - - 74,006 74,006 Net loss (10,502,094 ) (12,376,552 ) (17,780,522 ) (40,659,168 ) Segment loss - Segment loss includes total revenue less operating expenses including the following: salaries and wages, consulting, professional fees, revenue sharing expense, advertising and promotion, office and general, technology expenses, amortization and depreciation and share based payments. Central administration costs - Central administration costs include corporate operating expenses including the following: salaries and wages, consulting, professional fees, advertising and promotion, office and general, technology expenses, amortization and depreciation and share based payments. Other gains and losses - Other gains and losses includes gain / loss on foreign exchange, loss on extinguishment of debt, gain on retained interest in former associate, transaction costs, arbitration settlement reserve, impairment expense, restructuring costs, change in fair value of investment at FVTPL, change in fair value of warrant liability and change in fair value of convertible debt. Finance costs - Finance costs include interest expense. Geographical breakdown North (As Restated) European Total (As Restated) $ $ $ August 31, 2021 Assets 54,682,324 2,519,798 57,202,122 Long-term assets 25,535,516 108,924 25,644,440 August 31, 2022 Assets 41,364,112 1,146,503 42,510,615 Long-term assets 20,451,714 - 20,451,714	28. Segmented information Information reported to the Company’s Co-Chief Executives, the Chief Operating Decision Makers (“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 Gaming, Media, and Corporate and Other. The Group’s reportable segments under IFRS 8 Operating Segments 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 in fiscal 2021: Schedule of segment reporting Gaming (As Restated) Media (As Restated) Corporate Total (As Restated) $ $ $ $ Revenue External sales 5,277,583 31,943,287 - 37,220,870 Results Segment loss (7,506,449 ) (7,583,018 ) - (15,089,467 ) Central administration costs - - 9,733,244 9,733,244 Other gains and losses 1,925,873 4,280,597 6,576,302 12,782,772 Finance costs 124,663 512,937 762,121 1,399,721 Loss before tax (9,556,985 ) (12,376,552 ) (17,071,667 ) (39,005,204 ) Income tax - - - - Gain (Loss) for the year from: Share of net loss of associate - - (103,930 ) (103,930 ) Discontinued operations (945,109 ) - (678,931 ) (1,624,040 ) Non-controlling interest in net loss - - 74,006 74,006 Net loss (10,502,094 ) (12,376,552 ) (17,780,522 ) (40,659,168 ) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The following is an analysis of the Company’s revenue and results by reportable segment in fiscal 2020: Gaming (As Restated) Media Corporate Total (As Restated) $ $ $ $ Revenue External sales 4,140,731 6,404,736 376 10,545,843 Results Segment loss (4,733,518 ) (833,891 ) 376 (5,567,033 ) Central administration costs 9,691,639 9,691,639 Other gains and losses 10,448,799 (14,011 ) 10,276,041 20,710,829 Finance costs 102,596 241,520 564,650 908,766 Loss before tax (15,284,913 ) (1,061,400 ) (20,531,954 ) (36,878,267 ) Income tax - - - - Gain (Loss) for the year from: Discontinued operations (5,859,384 ) - (827 ) (5,860,211 ) Non-controlling interest in net loss - - 76,066 76,066 Net loss (21,144,297 ) (1,061,400 ) (20,456,715 ) (42,662,412 ) Geographical breakdown North (As Restated) United European Total (As Restated) $ $ $ $ August 31, 2020 Assets 37,908,431 2,896,583 2,288,092 43,093,106 Long-term assets 27,342,377 2,507,761 1,067,495 30,917,633 August 31, 2021 Assets 54,682,324 - 2,519,798 57,202,122 Long-term assets 25,535,516 - 108,924 25,644,440

Related party transactions and

Related party transactions and balances	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Related party transactions [abstract]
Related party transactions and balances	29. 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 includes the following: Schedule of compensation award to key management $ $ For the year ended August 31, 2022 August 31, 2021 $ $ Total compensation paid to key management 1,390,598 2,231,871 Share based payments 963,295 1,897,855 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Total compensation paid to key management is recorded in consulting fees and salaries and wages in the consolidated statement of loss and comprehensive loss for the years ended August 31, 2022, and 2021. Amounts due to related parties as of August 31, 2022, with respect to the above fees were $ 5,588 33,349 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 While the Company does not believe that the interests of Mr. Rogers, as Stubholder, are sufficiently material or adverse to the Company’s interests to create an actual or potential conflict of interest with respect to the management of the Winview Patent Portfolio, the Company nevertheless has formed a Patent Committee, that excludes Mr. Rogers, to make recommendations to the Company’s Board regarding matters involving the Winview Patent Portfolio.	29. 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 includes the following: Schedule of compensation award to key management Aug 31, 2021 Aug 31, 2020 For the year ended Aug 31, 2021 Aug 31, 2020 $ $ Total compensation paid to key management 2,231,871 929,958 Share based payments 1,897,855 1,409,569 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Total compensation paid to key management is recorded in consulting fees and salaries and wages in the consolidated statement of loss and comprehensive loss for the years ended August 31, 2021, and 2020. Amounts due to related parties as at August 31, 2021 with respect to the above fees were $ 33,349 275,502 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

Financial instruments and risk

Financial instruments and risk management	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Financial Instruments And Risk Management
Financial instruments and risk management	30. 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, liquidity risk and market risk and other price risk. These financial instrument risks are actively managed by the Company under the policies approved by the Board of Directors. 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. There have been no changes in objectives, policies or how the Company manages these risks. The Board approves and monitors the risk management processes. The Board’s main objectives for managing risks are to ensure liquidity, the fulfillment of obligations and limited exposure to credit and market risks while ensuring greater returns on any surplus funds. (b) Credit risk Credit risk is the risk that one party to a financial instrument will cause a loss for the other party by failing to pay for its obligation 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. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Credit risk arises from cash 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 to 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 allowance for doubtful accounts was $ 1,155,638 1,084,305 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 August 31, 2022, one customer (2021 - one) accounted for greater than 10 16 13 72 60 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 August 31, 2022: Schedule of trade accounts receivable and allowance for doubtful accounts Current 0 - 30 31 - 60 61 - 90 91+ Total Trade accounts receivable 6,805,057 202,359 428,098 305,056 2,010,049 9,750,619 Allowance for doubtful accounts 12,753 3,577 17,423 9,790 1,312,095 1,355,638 % Allowance 2 % 4 % 3 % 65 % 14 % (c) Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. 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 taking into account 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 $ $ Accounts payable 12,772,375 - Accrued liabilities 3,756,758 - Players liability account 47,455 - Promissory notes payable 771,762 - Convertible debt 2,267,367 4,983,236 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 (d) Market Risk Market risk represents the risk of loss that may impact the Company’s financial position, results of operations, or cash flows due to adverse changes in financial market prices, including interest rate risk, foreign currency exchange rate risk, and other relevant market or price risks. The Company does not use derivative instruments to mitigate this risk. Interest rate risk Interest rate risk is the risk that the fair value or 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 bears interest at fixed rates. Currency Risk 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. (e) 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 values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows: ■ Level 1: unadjusted quoted prices in active markets for identical assets or liabilities; ■ Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly; or ■ Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). Schedule of fair value measurement For the year ended August 31, 2022: Carrying value at August 31, 2022 FVTPL - Amortized $ $ Financial assets: Cash - 8,601,706 Restricted cash - 47,455 Accounts and other receivables - 8,404,009 Government remittances - 874,334 Publisher advance 1,490,648 - Promissory notes receivable 576,528 - Investment at FVTPL 2,629,851 - Financial assets 4,697,027 17,927,504 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Carrying value at August 31, 2022 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 12,772,375 Accrued liabilities - - 3,756,758 Players liability account - - 47,455 Long-term debt - - - Promissory notes payable - - 771,762 Warrant liability 49,894 - - Convertible debt - 7,250,603 - Financial liabilities 49,894 7,250,603 17,348,350 For the year ended August 31, 2021: 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 7,164,069 25,354,547 Carrying value at August 31, 2021 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 10,403,667 Accrued liabilities - - 5,722,470 Players liability account - - 331,528 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 9,951,496 17,376,277 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 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 of $ $ $ $ Warrant liability - 49,894 - 49,894 Convertible debt - - 7,250,603 7,250,603 Publisher advance - - 1,490,648 1,490,648 Promissory notes receivable - - 576,528 576,528 Investment at FVTPL - - 2,629,851 2,629,851 Level 1 Level 2 Level 3 Fair value as of $ $ $ $ Warrant liability - 4,868,703 - 4,868,703 Convertible debt - - 9,951,496 9,951,496 Publisher advance - - 4,534,218 4,534,218 Promissory notes receivable - - - - Investment at FVTPL - - 2,629,851 2,629,851 During the years ended August 31, 2022, and 2021 there were no transfers of amounts between levels.	30. 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. 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 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 to 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 allowance for doubtful accounts was $ 1,084,305 874,438 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) 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 August 31, 2021, one customer (2020 - one) accounted for greater than 10% of the Company’s accounts receivable balance. In total, this one customer (2020 - one) accounted for 13 60 50 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 August 31, 2021: Schedule of trade accounts receivable and allowance for doubtful accounts 0 - 30 31 - 60 61 - 90 91+ Total Trade accounts receivable 7,376,270 210,815 265,377 1,825,263 9,677,725 Allowance for doubtful accounts 3,000 1,500 1,500 1,078,305 1,084,305 % Allowance 0 % 1 % 1 % 59 % 11 % (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 taking into account 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 10,403,665 - - Accrued liabilities 5,722,470 - - Players liability account 331,528 - - Lease obligation 222,583 364,968 - Long-term debt 96,664 - - Promissory notes payable 821,948 - - Convertible debt 914,428 2,097,127 6,939,941 (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 bears interest at fixed rates. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) (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 and GBP, 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. For the year ended August 31, 2021: Schedule of fair value measurement Carrying value at August 31, 2021 FVTPL - FVOCI - FVOCI - Amortized $ $ $ $ Financial assets: Cash and cash equivalents - - - 15,305,996 Restricted cash - - - 331,528 Accounts and other receivables - - - 8,646,807 Government remittances - - - 1,070,216 Publisher advance - - - 4,534,218 Investment at FVTPL 2,629,851 - - - Financial Assets 2,629,851 - - 29,888,765 Carrying value at August 31, 2021 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 10,403,667 Accrued liabilities - - 5,722,470 Players liability account - - 331,528 Line of credit - - - Long-term debt - - 96,664 Promissory notes payable - - 821,948 Deferred purchase consideration - - - Warrant liability 4,868,703 - - Convertible debt - 9,951,496 - Financial Liabilities 4,868,703 9,951,496 17,376,277 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) For the year ended August 31, 2020: Carrying value at August 31, 2020 FVTPL - FVOCI - FVOCI - Amortized $ $ $ $ Financial assets: Cash and cash equivalents - - - 5,243,278 Restricted cash - - - 388,587 Accounts and other receivables - - - 3,845,890 Government remittances - - - 1,125,912 Publisher advance - - - - Investment at FVTPL - - - - Financial assets - - - 10,603,667 Carrying value at August 31, 2020 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 12,455,214 Accrued liabilities - - 4,689,131 Players liability account - - 388,587 Line of credit - - 4,919,507 Long-term debt - - 230,932 Promissory notes payable - - 3,818,920 Deferred purchase consideration - - 333,503 Warrant liability 14,135,321 - - Convertible debt - 10,793,459 - Financial liabilities 14,135,321 10,793,459 26,835,794 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 $ $ $ $ Warrant liability - 4,868,703 - 4,868,703 Convertible debt - - 9,951,496 9,951,496 Investment at FVTPL - 2,629,851 2,629,851 Level 1 Level 2 Level 3 Fair value $ $ $ $ Warrant liability - 14,135,321 - 14,135,321 Convertible debt - - 10,793,459 10,793,459 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Restructuring charges

Restructuring charges	12 Months Ended
	Aug. 31, 2022
Restructuring Charges
Restructuring charges	31. Restructuring charges During 2022, a restructuring provision of $ 485,498 215,076

Subsequent events

Subsequent events	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of non-adjusting events after reporting period [abstract]
Subsequent events	32. Subsequent events The Company has evaluated subsequent events from the balance sheet date through November 29, 2022, the date at which the consolidated financial statements were available to be issued and determined there were no additional items to be disclosed except for the transaction described below. On September 1, 2022, the Company extended convertible debentures that were due to expire in October and November 2022 1,250,000 10 8.90 In place of the expiring convertible debentures, the Company has issued a new convertible debenture with an aggregate principal amount of US$ 1,250,000 August 31, 2025 7 1.10 Each of the expiring convertible debentures and the replacement convertible debenture is beneficially held by a director of the Company. The participation of a director in the amendment of the convertible debentures constitutes a “related party transaction” as such term is defined by Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on an exemption from the formal valuation requirements and the minority shareholder approval requirements under MI 61-101 as the fair market value of the amendment of the convertible debentures does not exceed 25% of the market capitalization of the Company. Subsequent to year end, the remaining $ 750,000 500,000 91,781 250,000	31. Subsequent events The Company has evaluated subsequent events from the balance sheet date through November 26, 2021, the date at which the consolidated financial statements were available to be issued and determined there were no additional items to be disclosed.

Long-term debt

Long-term debt	12 Months Ended
	Aug. 31, 2021
Long-term Debt
Long-term debt	20. Long-term debt The Company has an unsecured, non-interest bearing loan that matures on June 30, 2022 0% 96,664 230,932 28,123 16,239 10% Scheduled repayments are: € 90,000 106,330 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Significant Accounting Policies
Foreign currency translation	(a) Foreign currency translation The functional currency of the Company and its subsidiaries is disclosed in Note 2(b). The presentation currency of the consolidated financial statements is the US Dollar (“USD”). The financial statements of entities that have a functional currency different from the presentation currency are translated into US dollars as follows: assets and liabilities at the closing rate at the date of the Company’s consolidated statement of financial position and income and expenses at the average rate of the year (as this is considered a reasonable approximation of the actual rates prevailing at the transaction dates). All resulting changes are recognized in other comprehensive income (loss) as foreign currency translation adjustments, except to the extent that the translation difference is allocated to non-controlling interest. Foreign currency transactions are translated into the functional currency of each entity using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of foreign currency transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in currencies other than an entity’s functional currency are recognized in the consolidated statements of loss.	(a) Foreign currency translation The functional currency of the Company and its subsidiaries is disclosed in Note 2 The financial statements of entities that have a functional currency different from the presentation currency are translated into US dollars as follows: assets and liabilities at the closing rate at the date of the Company’s consolidated statement of financial position and income and expenses at the average rate of the year (as this is considered a reasonable approximation of the actual rates prevailing at the transaction dates). All resulting changes are recognized in other comprehensive income (loss) as foreign currency translation adjustments, except to the extent that the translation difference is allocated to non-controlling interest. Foreign currency transactions are translated into the functional currency of each entity using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of foreign currency transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in currencies other than an entity’s functional currency are recognized in the consolidated statements of loss.
Revenue recognition	(b) Revenue recognition Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it transfers control of its services to a customer. The following provides information about the nature and timing of the satisfaction of performance obligations in contracts with customers, including significant payment terms and related revenue recognition policies: i) Software-as-a-service The Company enters into license agreements with customers for its content management system, video software, and mobile applications (Frankly), e-sports data platform (Stream Hatchet) and an influencer marketing platform (SideQik). These license agreements, generally non-cancellable, without paying a termination penalty, and multiyear, provide the customer with the right to use the Company’s application solely on a Company-hosted platform or, in certain instances, on purchased encoders. The license agreements also entitle the customer to technical support. Revenue from these license agreements is recognized ratably over the license term. Early termination fees are recognized when customer ceases use of agreed upon services prior to the expiration of their contract. These fees are recognized in full on the date the customer has completed their migration of the Company’s solutions and there is no continuing service obligation to the customer. The Company charges its customers for the optional use of its content delivery network to stream and store videos. The revenue is recognized as earned based on the actual usage because it has stand-alone value and delivery is in control of the customer. The Company also charges its customers for the use of its ad serving platform to serve ads under local advertising campaigns. The Company reports revenue as earned based on the actual usage. ii) Advertising Under national advertising agreements with advertisers, the Company sources, creates, and places advertising campaigns that run across the Company’s network of publisher sites. National advertising revenue, net of third-party costs, is shared with publishers based on their respective contractual agreements. The Company invoices national advertising amounts due from advertisers and remits payments to publishers for their share. Depending on the agreement with the publisher, the obligation to remit payment to the publisher is based on either billing to the advertiser or the collection of cash from the advertiser. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 National advertising revenue is recognized in the period during which the ad impressions are delivered. The Company reports revenue earned through national advertising agreements either on a net or gross basis. The Company applies judgement in recognizing revenue earned through national advertising agreements on a net or gross basis based on the criteria as disclosed below. Under national advertising agreements wherein the Company does not bear inventory risk and only has credit risk on its portion of the revenue, national advertising revenues are accounted for on a net basis and the publisher is identified as the customer. In select national advertising agreements with its publishers, the Company takes on inventory risk and additional credit risk. Under these agreements, the Company either a) provides the publisher with a guaranteed minimum gross selling price per advertising unit delivered, wherein the greater of the actual selling price or guaranteed minimum selling price is used in determining the publisher’s share or b) provides the publisher with a fixed rate per advertising unit delivered, wherein the publisher is paid the fixed rate per advertising unit delivered irrespective of the actual selling price. Under these national advertising agreements, national advertising revenues are accounted for on a gross basis with the advertiser identified as the customer and the publisher identified as a supplier, with amounts billed to the advertiser reported as revenue and amounts due to the publisher reported as a revenue sharing expense, within expenses. Also included in advertising revenue is advertising revenue generated by the Company’s various owned and operated properties. The Company assesses its revenue arrangements against specific criteria in order to determine if it is acting as principal or agent. When the Company acts in the capacity of an agent rather than as the principal in a transaction, the revenue recognized is the net amount of commission made by the Company. Deferred revenue consists of customer advances for Company services to be rendered that will be recognized as income in future periods.	(b) Revenue recognition Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it transfers control of its services to a customer. The following provides information about the nature and timing of the satisfaction of performance obligations in contracts with customers, including significant payment terms and related revenue recognition policies: i) Games development Game development income is derived from the development and sale of gaming applications. Revenue from game development is recognized by reference to the stage of completion. Stage of completion is measured by reference to actual costs incurred to date as a percentage of total estimated costs for each contract. ii) Direct to Consumer Sponsorship, tournament and event income is income directly associated with an e-sport or sporting event or tournament. Sponsorship, tournament and event income is recognized upon completion of the underlying event. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars) iii) Software-as-a-service The Company enters into license agreements with customers for its content management system, video software, and mobile applications (Frankly), e-sports data platform (Stream Hatchet) and an influencer marketing platform (SideQik). These license agreements, generally non-cancellable, without paying a termination penalty, and multiyear, provide the customer with the right to use the Company’s application solely on a Company-hosted platform or, in certain instances, on purchased encoders. The license agreements also entitle the customer to technical support. Revenue from these license agreements is recognized ratably over the license term. Early termination fees are recognized when customer ceases use of agreed upon services prior to the expiration of their contract. These fees are recognized in full on the date the customer has completed their migration of the Company’s solutions and there is no continuing service obligation to the customer. The Company charges its customers for the optional use of its content delivery network to stream and store videos. The revenue is recognized as earned based on the actual usage because it has stand-alone value and delivery is in control of the customer. The Company also charges its customers for the use of its ad serving platform to serve ads under local advertising campaigns. The Company reports revenue as earned based on the actual usage. iv) Advertising Under national advertising agreements with advertisers, the Company sources, creates, and places advertising campaigns that run across the Company’s network of publisher sites. National advertising revenue, net of third-party costs, is shared with publishers based on their respective contractual agreements. The Company invoices national advertising amounts due from advertisers and remits payments to publishers for their share. Depending on the agreement with the publisher, the obligation to remit payment to the publisher is based on either billing to the advertiser or the collection of cash from the advertiser. National advertising revenue is recognized in the period during which the ad impressions are delivered. The Company reports revenue earned through national advertising agreements either on a net or gross basis. Under national advertising agreements wherein the Company does not bear inventory risk and only has credit risk on its portion of the revenue, national advertising revenues are accounted for on a net basis and the publisher is identified as the customer. In select national advertising agreements with its publishers, the Company takes on inventory risk and additional credit risk. Under these agreements, the Company either a) provides the publisher with a guaranteed minimum gross selling price per advertising unit delivered, wherein the greater of the actual selling price or guaranteed minimum selling price is used in determining the publisher’s share or b) provides the publisher with a fixed rate per advertising unit delivered, wherein the publisher is paid the fixed rate per advertising unit delivered irrespective of the actual selling price. Under these national advertising agreements, national advertising revenues are accounted for on a gross basis with the advertiser identified as the customer and the publisher identified as a supplier, with amounts billed to the advertiser reported as revenue and amounts due to the publisher reported as a revenue sharing expense, within expenses. Also included in advertising revenue is advertising revenue generated by the Company’s various owned and operated properties. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars) v) Professional services Professional services consist primarily of installation and website design services (Frankly) and data analysis report delivery (Steam Hatchet). Installation fees are contracted on a fixed-fee basis. The Company recognizes revenue as services are performed. Such services are readily available from other vendors and are not considered essential to the functionality of the service. Website design services are also not considered essential to the functionality of the product and have historically been insignificant; the fee allocable to website design is recognized as revenue as the Company performs the services. The Company assesses its revenue arrangements against specific criteria in order to determine if it is acting as principal or agent. When the Company acts in the capacity of an agent rather than as the principal in a transaction, the revenue recognized is the net amount of commission made by the Company. Deferred revenue consists of customer advances for Company services to be rendered that will be recognized as income in future periods.
Cash and equivalents, and restricted cash	(c) Cash and equivalents, and restricted cash The “cash and cash equivalents” category consists of cash in banks, call deposits and other highly liquid investments with initial maturities of three months or less. Any investments in securities, investments with initial maturities greater than three months without early redemption feature and bank accounts subject to restrictions, other than restrictions due to regulations specific to a country or activity sector (exchange controls, etc.) are not presented as cash equivalents but as financial assets. Bank overdrafts that are repayable on demand and form an integral part of the Company’s cash management are included as a component of cash and cash equivalents for the purpose of the statement of cash flows. Restricted cash is presented as a separate category on the statement of financial position and consists of cash in a bank account restricted for use in the WinView Inc. businesses (Note 18).	(c) Cash and equivalents, and restricted cash The “cash and cash equivalents” category consists of cash in banks, call deposits and other highly liquid investments with initial maturities of three months or less. Any investments in securities, investments with initial maturities greater than three months without early redemption feature and bank accounts subject to restrictions, other than restrictions due to regulations specific to a country or activity sector (exchange controls, etc.) are not presented as cash equivalents but as financial assets. Bank overdrafts that are repayable on demand and form an integral part of the Company’s cash management are included as a component of cash and cash equivalents for the purpose of the statement of cash flows. Restricted cash is presented as a separate category on the statement of financial position and consists of cash in a bank account restricted for use in the UMG Media Ltd. and WinView Inc. businesses (Note 17)
Accounts and other receivables	(d) Accounts and other receivables Trade receivables are recognized initially at fair value and subsequently measured at amortized cost less provision for impairment of trade accounts receivable. A provision for impairment of trade accounts receivable is established based on a forward-looking “expected loss” impairment model. The carrying amount of the trade receivables is reduced using the provision for impairment account, and the amount of any increase in the provision for impairment is recognized in the consolidated statement of loss and comprehensive loss. When a trade receivable is uncollectible, it is written off against the provision for impairment account for trade accounts receivable. Subsequent recoveries of amounts previously written off are credited to the consolidated statement of loss and comprehensive loss. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	(d) Accounts and other receivables Trade receivables are recognized initially at fair value and subsequently measured at amortized cost less provision for impairment of trade accounts receivable. A provision for impairment of trade accounts receivable is established based on a forward-looking “expected loss” impairment model. The carrying amount of the trade receivables is reduced using the provision for impairment account, and the amount of any increase in the provision for impairment is recognized in the consolidated statement of loss and comprehensive loss. When a trade receivable is uncollectible, it is written off against the provision for impairment account for trade accounts receivable. Subsequent recoveries of amounts previously written off are credited to the consolidated statement of loss and comprehensive loss.
Property and equipment	(e) Property and equipment Property and equipment are carried at historical cost less any accumulated depreciation and impairment losses. Historical cost includes the acquisition cost or production cost as well as the costs directly attributable to bringing the asset to the location and condition necessary for its use in operations. When property and equipment include significant components with different useful lives, they are recorded and depreciated separately. Depreciation is computed using the straight-line and declining balance methods based on the estimated useful life of the assets. Useful life is reviewed at the end of each reporting period. After initial recognition, the cost model is applied to property and equipment. Where parts of an item of property and equipment have different useful lives, they are accounted for as separate items of property and equipment. The Company recognizes in the carrying amount of an item of property, plant and equipment the cost of replacing part of such an item when that cost is incurred if it is probable that the future economic benefits embodied with the item will flow to the Company and the cost of the item can be measured reliably. All other costs are recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Depreciation is provided at rates calculated to write off the cost of property, plant and equipment less their estimated residual value on the straight-line and declining balance methods, over the estimated useful lives, as follows. Schedule of estimated useful lives of property, plant and equipment Computer equipment 3 Furniture and fixtures 5 Leasehold improvements Term of the lease, plus one renewal	(e) Property and equipment Property and equipment are carried at historical cost less any accumulated depreciation and impairment losses. Historical cost includes the acquisition cost or production cost as well as the costs directly attributable to bringing the asset to the location and condition necessary for its use in operations. When property and equipment include significant components with different useful lives, they are recorded and depreciated separately. Depreciation is computed using the straight-line and declining balance methods based on the estimated useful life of the assets. Useful life is reviewed at the end of each reporting period. After initial recognition, the cost model is applied to property and equipment. Where parts of an item of property and equipment have different useful lives, they are accounted for as separate items of property and equipment. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars) The Company recognizes in the carrying amount of an item of property, plant and equipment the cost of replacing part of such an item when that cost is incurred if it is probable that the future economic benefits embodied with the item will flow to the Company and the cost of the item can be measured reliably. All other costs are recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Depreciation is provided at rates calculated to write off the cost of property, plant and equipment less their estimated residual value on the straight-line and declining balance methods, over the estimated useful lives, as follows. Schedule of estimated useful lives of property, plant and equipment Computer equipment 3 Furniture and fixtures 5 Leasehold improvements Term of the lease, plus one renewal
Goodwill	(f) Goodwill Goodwill arising on an acquisition of a business is carried at cost as established at the date of acquisition of the business less accumulated impairment losses, if any.	(f) Goodwill Goodwill arising on an acquisition of a business is carried at cost as established at the date of acquisition of the business less accumulated impairment losses, if any.
Intangible assets	(g) Intangible assets Intangible assets include acquired software used in production or administration and brand names and customer relationships that qualify for recognition as an intangible asset in a business combination. They are accounted for using the cost model whereby capitalized costs are amortized on a straight-line basis over their estimated useful lives, as these assets are considered finite. Residual values and useful lives are reviewed at each reporting date. The useful lives of the intangibles are as follows: Schedule of useful lives of intangibles Software 3 5 Brands 1 20 Customer relationships 1 10 Patents 5 Application platforms 3 Acquired computer software licenses are capitalized on the basis of the costs incurred to acquire and install the specific software. Subsequent expenditure on brands is expensed as incurred. Costs associated with maintaining computer software (expenditure relating to patches and other minor updates as well as their installation), are expensed as incurred. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Patents and Application platforms with a finite useful life that are acquired in an asset acquisition are initially recognized on the basis of their relative fair value at the acquisition date. These assets are amortized on a straight-line basis over their useful life, which is generally up to 5 years. Amortization is calculated over the cost of the asset less its residual value. Amortization expense is recognized on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. Other intangible assets, such as brands, that are acquired by the Company are stated at cost less accumulated amortization and impairment losses. Expenditures on internally generated brands, mastheads or editorial pages, publishing titles, customer lists and items similar in substance is recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Research costs are expensed when incurred. Development costs are capitalized when the feasibility and profitability of the project can be reasonably considered certain. Expenditure on development activities, whereby research findings are applied to a plan or design to produce new or substantially improved products and processes, is capitalized if the product or process is technically and commercially feasible and the Company has sufficient resources to complete development. The expenditure capitalized includes the cost of materials, direct labor and an appropriate proportion of overheads. Other development expenditure is recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Capitalized development expenditure is stated at cost less accumulated amortization and impairment losses.	(g) Intangible assets Intangible assets include acquired software used in production or administration and brand names and customer relationships that qualify for recognition as an intangible asset in a business combination. They are accounted for using the cost model whereby capitalized costs are amortized on a straight-line basis over their estimated useful lives, as these assets are considered finite. Residual values and useful lives are reviewed at each reporting date. The useful lives of the intangibles are as follows: Schedule of useful lives of intangibles Software 3 5 Brands 1 20 Customer relationships 1 10 Patents 5 Application platforms 3 Acquired computer software licenses are capitalized on the basis of the costs incurred to acquire and install the specific software. Subsequent expenditure on brands is expensed as incurred. Costs associated with maintaining computer software (expenditure relating to patches and other minor updates as well as their installation), are expensed as incurred. Patents and Application platforms with a finite useful life that are acquired in an asset acquisition are initially recognized on the basis of their relative fair value at the acquisition date. These assets are amortized on a straight-line basis over their useful life, which is generally up to 5 years. Amortization is calculated over the cost of the asset less its residual value. Amortization expense is recognized on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. Other intangible assets, such as brands, that are acquired by the Company are stated at cost less accumulated amortization and impairment losses. Expenditures on internally generated brands, mastheads or editorial pages, publishing titles, customer lists and items similar in substance is recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Research costs are expensed when incurred. Development costs are capitalized when the feasibility and profitability of the project can be reasonably considered certain. Expenditure on development activities, whereby research findings are applied to a plan or design to produce new or substantially improved products and processes, is capitalized if the product or process is technically and commercially feasible and the Company has sufficient resources to complete development. The expenditure capitalized includes the cost of materials, direct labor and an appropriate proportion of overheads. Other development expenditure is recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred. Capitalized development expenditure is stated at cost less accumulated amortization and impairment losses. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars)
Impairment of property and equipment, intangible assets and goodwill	(h) Impairment of property and equipment, intangible assets and goodwill i) Timing of impairment testing The carrying values of property and equipment and finite life intangible assets are assessed at the reporting date as to whether there is any indication that the assets may be impaired. Goodwill and indefinite life intangible assets are tested for impairment annually or when there is an indication that the asset may be impaired. ii) Impairment testing If any indication of impairment exists or when the annual impairment testing for an asset is required, the Company estimates the recoverable amount of the asset or cash generating unit (“CGU”) to which the asset relates to determine the extent of any impairment loss. The recoverable amount is the higher of an asset’s or CGU’s fair value less costs of disposal and its value in use (“VIU”) to the Company. In assessing VIU, estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. In determining fair value less costs of disposal, recent market transactions are considered, if available. If the recoverable amount of an asset or a CGU is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognized immediately in the consolidated statement of loss and comprehensive loss. For impaired assets, excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer exist or may have decreased. If such indication exists, the Company estimates the asset’s recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of amortization, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the consolidated statement of loss and comprehensive loss. Impairment losses relating to goodwill cannot be reversed. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	(h) Impairment of property and equipment, intangible assets and goodwill i) Timing of impairment testing The carrying values of property and equipment and finite life intangible assets are assessed at the reporting date as to whether there is any indication that the assets may be impaired. Goodwill and indefinite life intangible assets are tested for impairment annually or when there is an indication that the asset may be impaired. ii) Impairment testing If any indication of impairment exists or when the annual impairment testing for an asset is required, the Company estimates the recoverable amount of the asset or cash generating unit (“CGU”) to which the asset relates to determine the extent of any impairment loss. The recoverable amount is the higher of an asset’s or CGU’s fair value less costs of disposal and its value in use (“VIU”) to the Company. In assessing VIU, estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. In determining fair value less costs of disposal, recent market transactions are considered, if available. If the recoverable amount of an asset or a CGU is estimated to be less than its carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognized immediately in the consolidated statement of loss and comprehensive loss. For impaired assets, excluding goodwill, an assessment is made at each reporting date as to whether there is any indication that previously recognized impairment losses may no longer exist or may have decreased. If such indication exists, the Company estimates the asset’s recoverable amount. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognized. The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of amortization, had no impairment loss been recognized for the asset in prior years. Such reversal is recognized in the consolidated statement of loss and comprehensive loss. Impairment losses relating to goodwill cannot be reversed.
Leases	(i) Leases The Company assesses whether a contract is or contains a lease, at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets (such as tablets and personal computers, small items of office furniture and telephones). For these leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise: ● Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable; ● Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; ● The amount expected to be payable by the lessee under any residual value guarantees; ● The exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and ● Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The lease liability is presented as a separate line in the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: ● The lease term has changed or there is a significant event or change in circumstances resulting in a change the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. ● The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). ● A lease contract is modified, and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. The Company did not make any such adjustments during the periods presented. The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The right-of-use assets are presented as a separate line in the consolidated statement of financial position. The Company applies IAS 36 Impairment of Assets Variable rents that do not depend on an index or rate are not included in the measurement the lease liability and the right-of-use asset. The related payments are recognized as an expense in the period in which the event or condition that triggers those payments occurs and are included in the line “other expenses” in profit or loss. As a practical expedient, IFRS 16 Leases	(i) Leases The Company assesses whether a contract is or contains a lease, at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets (such as tablets and personal computers, small items of office furniture and telephones). For these leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements  August 31, 2021 and 2020 (Expressed in United States Dollars) The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise: ● Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable; ● Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; ● The amount expected to be payable by the lessee under any residual value guarantees; ● The exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and ● Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The lease liability is presented as a separate line in the consolidated statement of financial position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Company remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: ● The lease term has changed or there is a significant event or change in circumstances resulting in a change the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. ● The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). ● A lease contract is modified, and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. The Company did not make any such adjustments during the periods presented. The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The right-of-use assets are presented as a separate line in the consolidated statement of financial position. The Company applies IAS 36 Impairment to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in the ‘property and equipment’ policy. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Variable rents that do not depend on an index or rate are not included in the measurement the lease liability and the right-of-use asset. The related payments are recognized as an expense in the period in which the event or condition that triggers those payments occurs and are included in the line “other expenses” in profit or loss. As a practical expedient, IFRS 16 Leases permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Company has not used this practical expedient. For contracts that contain a lease component and one or more additional lease or non-lease components, the Company allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component and the aggregate stand-alone price of the non-lease components.
Issuance of Units	(j) Issuance of Units The Company issues units that consist of shares and warrants. The fair value is allocated to the shares and warrants utilizing the relative fair value method.
Financial instruments	(k) Financial instruments Financial assets Recognition and Initial Measurement The Company recognizes financial assets when it becomes party to the contractual provisions of the instrument. Financial assets are measured initially at their fair value plus, in the case of financial assets not subsequently measured at fair value through profit or loss, transaction costs that are directly attributable to their acquisition. Transaction costs attributable to the acquisition of financial assets subsequently measured at fair value through profit or loss are expensed in profit or loss when incurred. Classification and Subsequent Measurement On initial recognition, financial assets and liabilities are classified as subsequently measured at amortized cost, fair value through other comprehensive income (“FVOCI”) or fair value through profit or loss (“FVTPL”). The Company determines the classification of its financial assets, together with any embedded derivatives, based on the business model for managing the financial assets and their contractual cash flow characteristics. Financial assets are classified as follows: ● Amortized cost - Assets that are held for collection of contractual cash flows where those cash flows are solely payments of principal and interest are measured at amortized cost. Interest revenue is calculated using the effective interest method and gains or losses arising from impairment, foreign exchange and derecognition are recognized in profit or loss. Financial assets measured at amortized cost are comprised of cash, restricted cash, accounts and other receivables and advances. ● Fair value through other comprehensive income - Assets that are held for collection of contractual cash flows and for selling the financial assets, and for which the contractual cash flows are solely payments of principal and interest, are measured at fair value through other comprehensive income. Interest income calculated using the effective interest method and gains or losses arising from impairment and foreign exchange are recognized in profit or loss. All other changes in the carrying amount of the financial assets are recognized in other comprehensive income. Upon derecognition, the cumulative gain or loss previously recognized in other comprehensive income is reclassified to profit or loss. The Company does not hold any financial assets measured at fair value through other comprehensive income. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 ● Mandatorily at fair value through profit or loss - Assets that do not meet the criteria to be measured at amortized cost, or fair value through other comprehensive income, are measured at fair value through profit or loss. All interest income and changes in the financial assets’ carrying amount are recognized in profit or loss. Financial assets measured mandatorily at fair value through profit and loss include publisher advance, promissory notes receivable and investment at FVTPL. ● Designated at fair value through profit or loss – On initial recognition, the Company may irrevocably designate a financial asset to be measured at fair value through profit or loss in order to eliminate or significantly reduce an accounting mismatch that would otherwise arise from measuring assets or liabilities, or recognizing the gains and losses on them, on different bases. All interest income and changes in the financial assets’ carrying amount are recognized in profit or loss. Business Model Assessment The Company assesses the objective of its business model for holding a financial asset at a level of aggregation which best reflects the way the business is managed, and the way information is provided to management. Information considered in this assessment includes stated policies and objectives. Contractual Cash Flow Assessment The cash flows of financial assets are assessed as to whether they are solely payments of principal and interest on the basis of their contractual terms. For this purpose, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money, the credit risk associated with the principal amount outstanding, and other basic lending risks and costs. In performing this assessment, the Company considers factors that would alter the timing and amount of cash flows such as prepayment and extension features, terms that might limit the Company’s claim to cash flows, and any features that modify consideration for the time value of money. Impairment The Company recognizes a loss allowance for the expected credit losses associated with its financial assets, other than financial assets measured at fair value through profit or loss. Expected credit losses are measured to reflect a probability-weighted amount, the time value of money, and reasonable and supportable information regarding past events, current conditions, and forecasts of future economic conditions. The Company applies the simplified approach for accounts receivable. Using the simplified approach, the Company records a loss allowance equal to the expected credit losses resulting from all possible default events over the assets’ contractual lifetime. The Company assesses whether a financial asset is credit-impaired at the reporting date. Regular indicators that a financial instrument is credit-impaired include significant financial difficulties as evidenced through borrowing patterns or observed balances in other accounts and breaches of borrowing contracts such as default events or breaches of borrowing covenants. For financial assets assessed as credit-impaired at the reporting date, the Company continues to recognize a loss allowance equal to lifetime expected credit losses. For financial assets measured at amortized cost, loss allowances for expected credit losses are presented in the statement of financial position as a deduction from the gross carrying amount of the financial asset. Financial assets are written off when the Company has no reasonable expectations of recovering all or any portion thereof. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Derecognition of Financial Assets The Company derecognizes a financial asset when its contractual rights to the cash flows from the financial asset expire. Financial Liabilities Recognition and Initial Measurement The Company recognizes a financial liability when it becomes party to the contractual provisions of the instrument. At initial recognition, the Company measures financial liabilities at their fair value plus transaction costs that are directly attributable to their issuance, except for financial liabilities subsequently measured at fair value through profit or loss for which transaction costs are immediately recorded in profit or loss. Financial liabilities are classified as either financial liabilities at FVTPL or at amortized cost. The Company determines the classification of its financial liabilities at initial recognition. ● Amortized cost - Financial liabilities are classified as measured at amortized cost unless they fall into one of the following categories: financial liabilities at FVTPL, financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition, financial guarantee contracts, or commitments to provide a loan at a below-market interest rate, or contingent consideration recognized by an acquirer in a business combination. The Company’s accounts payable, accrued liabilities, players liability account, line of credit, long-term debt and promissory notes payable do not fall into any of the exemptions and are therefore classified as measured at amortized cost. ● Financial liabilities recorded at FVTPL - Financial liabilities are classified as FVTPL if they fall into one of the five exemptions detailed above, or they are derivatives or they are designated as such on initial recognition. The Company’s warrants that are not issued in exchange for goods or services and have characteristics of derivative financial liabilities as a result of the warrants having an exercise price in a currency different from the functional currency of the Company, are measured as financial liabilities at FVTPL. The Company’s convertible debt is designated as financial liabilities at FVTPL. Transaction costs Transaction costs associated with financial instruments, carried at FVTPL, are expensed as incurred, while transaction costs associated with all other financial instruments are included or deducted from the initial carrying amount of the asset or the liability. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Subsequent measurement Instruments classified as FVTPL are measured at fair value with unrealized gains and losses recognized in profit or loss. Instruments classified as amortized cost are measured at amortized cost using the effective interest rate method. Instruments classified as FVTOCI are measured at fair value with unrealized gains and losses recognized in other comprehensive income. Derecognition of financial liabilities The Company derecognizes financial liabilities only when its obligations under the financial liabilities are discharged, cancelled, or expired. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable, including any noncash assets transferred or liabilities assumed, is recognized in profit or loss. Fair value measurement The Company categorizes its financial assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs used in the measurement. Level 1: This level includes assets and liabilities measured at fair value based on unadjusted quoted prices for identical assets and liabilities in active markets that are accessible at the measurement date. Level 2: This level includes valuations determined using directly or indirectly observable inputs other than quoted prices included within Level 1. Level 3: This level includes valuations based on inputs which are unobservable. Offsetting Financial assets and liabilities are offset, and the net amount presented in the statement of financial position when, and only when, the Company has a legal right to offset the amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously.	(j) Financial instruments Financial assets Recognition and Initial Measurement The Company recognizes financial assets when it becomes party to the contractual provisions of the instrument. Financial assets are measured initially at their fair value plus, in the case of financial assets not subsequently measured at fair value through profit or loss, transaction costs that are directly attributable to their acquisition. Transaction costs attributable to the acquisition of financial assets subsequently measured at fair value through profit or loss are expensed in profit or loss when incurred. Classification and Subsequent Measurement On initial recognition, financial assets and liabilities are classified as subsequently measured at amortized cost, fair value through other comprehensive income (“FVOCI”) or fair value through profit or loss (“FVTPL”). The Company determines the classification of its financial assets, together with any embedded derivatives, based on the business model for managing the financial assets and their contractual cash flow characteristics. Financial assets are classified as follows: ● Amortized cost - Assets that are held for collection of contractual cash flows where those cash flows are solely payments of principal and interest are measured at amortized cost. Interest revenue is calculated using the effective interest method and gains or losses arising from impairment, foreign exchange and derecognition are recognized in profit or loss. Financial assets measured at amortized cost are comprised of cash, restricted cash, accounts and other receivables and advances. ● Fair value through other comprehensive income - Assets that are held for collection of contractual cash flows and for selling the financial assets, and for which the contractual cash flows are solely payments of principal and interest, are measured at fair value through other comprehensive income. Interest income calculated using the effective interest method and gains or losses arising from impairment and foreign exchange are recognized in profit or loss. All other changes in the carrying amount of the financial assets are recognized in other comprehensive income. Upon derecognition, the cumulative gain or loss previously recognized in other comprehensive income is reclassified to profit or loss. The Company does not hold any financial assets measured at fair value through other comprehensive income. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) ● Mandatorily at fair value through profit or loss - Assets that do not meet the criteria to be measured at amortized cost, or fair value through other comprehensive income, are measured at fair value through profit or loss. All interest income and changes in the financial assets’ carrying amount are recognized in profit or loss. None of the Company’s assets fall under this category. ● Designated at fair value through profit or loss – On initial recognition, the Company may irrevocably designate a financial asset to be measured at fair value through profit or loss in order to eliminate or significantly reduce an accounting mismatch that would otherwise arise from measuring assets or liabilities, or recognizing the gains and losses on them, on different bases. All interest income and changes in the financial assets’ carrying amount are recognized in profit or loss. Business Model Assessment The Company assesses the objective of its business model for holding a financial asset at a level of aggregation which best reflects the way the business is managed, and the way information is provided to management. Information considered in this assessment includes stated policies and objectives. Contractual Cash Flow Assessment The cash flows of financial assets are assessed as to whether they are solely payments of principal and interest on the basis of their contractual terms. For this purpose, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money, the credit risk associated with the principal amount outstanding, and other basic lending risks and costs. In performing this assessment, the Company considers factors that would alter the timing and amount of cash flows such as prepayment and extension features, terms that might limit the Company’s claim to cash flows, and any features that modify consideration for the time value of money. Impairment The Company recognizes a loss allowance for the expected credit losses associated with its financial assets, other than financial assets measured at fair value through profit or loss. Expected credit losses are measured to reflect a probability-weighted amount, the time value of money, and reasonable and supportable information regarding past events, current conditions, and forecasts of future economic conditions. The Company applies the simplified approach for accounts receivable. Using the simplified approach, the Company records a loss allowance equal to the expected credit losses resulting from all possible default events over the assets’ contractual lifetime. The Company assesses whether a financial asset is credit-impaired at the reporting date. Regular indicators that a financial instrument is credit-impaired include significant financial difficulties as evidenced through borrowing patterns or observed balances in other accounts and breaches of borrowing contracts such as default events or breaches of borrowing covenants. For financial assets assessed as credit-impaired at the reporting date, the Company continues to recognize a loss allowance equal to lifetime expected credit losses. For financial assets measured at amortized cost, loss allowances for expected credit losses are presented in the statement of financial position as a deduction from the gross carrying amount of the financial asset. Financial assets are written off when the Company has no reasonable expectations of recovering all or any portion thereof. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Derecognition of Financial Assets The Company derecognizes a financial asset when its contractual rights to the cash flows from the financial asset expire. Financial Liabilities Recognition and Initial Measurement The Company recognizes a financial liability when it becomes party to the contractual provisions of the instrument. At initial recognition, the Company measures financial liabilities at their fair value plus transaction costs that are directly attributable to their issuance, except for financial liabilities subsequently measured at fair value through profit or loss for which transaction costs are immediately recorded in profit or loss. Financial liabilities are classified as either financial liabilities at FVTPL or at amortized cost. The Company determines the classification of its financial liabilities at initial recognition. ● Amortized cost - Financial liabilities are classified as measured at amortized cost unless they fall into one of the following categories: financial liabilities at FVTPL, financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition, financial guarantee contracts, or commitments to provide a loan at a below-market interest rate, or contingent consideration recognized by an acquirer in a business combination. The Company’s accounts payable, accrued liabilities, players liability account, lease obligation, line of credit, long-term debt, promissory notes payable and deferred purchase consideration do not fall into any of the exemptions and are therefore classified as measured at amortized cost. ● Financial liabilities recorded at FVTPL - Financial liabilities are classified as FVTPL if they fall into one of the five exemptions detailed above, or they are derivatives or they are designated as such on initial recognition. The Company’s warrants that are not issued in exchange for goods or services and have characteristics of derivative financial liabilities as a result of the warrants having an exercise price in a currency different from the functional currency of the Company, are measured as financial liabilities at FVTPL. The Company’s convertible debt is designated as financial liabilities at FVTPL. Transaction costs Transaction costs associated with financial instruments, carried at FVTPL, are expensed as incurred, while transaction costs associated with all other financial instruments are included or deducted from the initial carrying amount of the asset or the liability. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) Subsequent measurement Instruments classified as FVTPL are measured at fair value with unrealized gains and losses recognized in profit or loss. Instruments classified as amortized cost are measured at amortized cost using the effective interest rate method. Instruments classified as FVTOCI are measured at fair value with unrealized gains and losses recognized in other comprehensive income. Derecognition of financial liabilities The Company derecognizes financial liabilities only when its obligations under the financial liabilities are discharged, cancelled, or expired. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable, including any noncash assets transferred or liabilities assumed, is recognized in profit or loss. Fair value measurement The Company categorizes its financial assets and liabilities measured at fair value into one of three different levels depending on the observability of the inputs used in the measurement. Level 1: This level includes assets and liabilities measured at fair value based on unadjusted quoted prices for identical assets and liabilities in active markets that are accessible at the measurement date. Level 2: This level includes valuations determined using directly or indirectly observable inputs other than quoted prices included within Level 1. Level 3: This level includes valuations based on inputs which are unobservable. Offsetting Financial assets and liabilities are offset, and the net amount presented in the statement of financial position when, and only when, the Company has a legal right to offset the amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously.
Short-term employee benefits	(l) Short-term employee benefits Short-term employee benefits include wages, salaries, compensated absences, profit-sharing and bonuses. Short-term employee benefit obligations are measured on an undiscounted basis and are recognized in salaries and wages expense as the related service is provided or capitalized if the service rendered is in connection with the creation of an asset. A liability is recognized for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021	(k) Short-term employee benefits Short-term employee benefits include wages, salaries, compensated absences, profit-sharing and bonuses. Short-term employee benefit obligations are measured on an undiscounted basis and are recognized in salaries and wages expense as the related service is provided or capitalized if the service rendered is in connection with the creation of an asset. A liability is recognized for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars)
Income taxes	(m) Income taxes Income tax on the profit or loss for the periods presented comprises current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity. Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at year end, adjusted for amendments to tax payable with regards to previous years. Deferred tax is provided using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for the following temporary differences: the initial recognition of goodwill; the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit; and differences relating to investments in subsidiaries, associates, and jointly controlled entities to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the financial position reporting date applicable to the period of expected realization or settlement. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.	(l) Income taxes Income tax on the profit or loss for the periods presented comprises current and deferred tax. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity, in which case it is recognized in equity. Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at year end, adjusted for amendments to tax payable with regards to previous years. Deferred tax is provided using the liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognized for the following temporary differences: the initial recognition of goodwill; the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit; and differences relating to investments in subsidiaries, associates, and jointly controlled entities to the extent that they will probably not reverse in the foreseeable future. The amount of deferred tax provided is based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the financial position reporting date applicable to the period of expected realization or settlement. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.
Share capital	(n) Share capital Common shares are classified as equity. Transaction costs directly attributable to the issue of common shares, share purchase options, and equity classified warrants are recognized as a deduction from equity, net of any tax effects. When share capital recognized as equity is repurchased, the amount of the consideration paid, including directly attributable costs, is recognized as a deduction from total equity.	(m) Share capital Common shares are classified as equity. Transaction costs directly attributable to the issue of common shares, share purchase options, and equity classified warrants are recognized as a deduction from equity, net of any tax effects. When share capital recognized as equity is repurchased, the amount of the consideration paid, including directly attributable costs, is recognized as a deduction from total equity. Preference share capital is classified as equity if it is non-redeemable, or redeemable only at the Company’s option, and any dividends are discretionary. Dividends thereon are recognized as distributions within equity upon approval by the Company’s shareholders. Preference share capital is classified as a liability if it is redeemable on a specific date or at the option of the shareholders, or if dividend payments are not discretionary. Dividends thereon are recognized as interest expense in profit or loss as accrued. The Company’s warrants having an exercise price in the functional currency of the Company that are not issued in exchange for good and services are equity measured and the fair value at grant date for these warrants is classified within contributed surplus.
Share-based payment	(o) Share-based payment The share-based payment plan allows Company employees and consultants to acquire shares of the Company. The fair value of share-based payment awards granted is recognized within share-based payments expense with a corresponding increase in equity. Each tranche in an award is considered a separate award with its own vesting period and grant date fair value. The fair value is measured at grant date and each tranche is recognized on a straight-line basis over the period during which the share purchase options vest. The fair value of the share-based payment awards granted is measured using the Black-Scholes option pricing model taking into account the terms and conditions upon which the awards were granted such as stock price, term, and stock volatility. At each financial position reporting date, the amount recognized as an expense is adjusted to reflect the actual number of awards, for which the related service and non-market vesting conditions are expected to be met. For each Restricted Share Units (“RSU”) granted, the Company recognizes an expense equal to the market value of a common share at the date of grant and for each common share option granted, the Company recognizes an expense equal to the fair value of the option estimated using a Black Scholes model at grant date, based on the number of RSUs/options expected to vest, recognized over the term of the vesting period, with a corresponding increase to contributed surplus. Share based payments expense is adjusted for subsequent changes in management’s estimate of the number of RSUs/options that are expected to vest. The effect of these changes is recognized in the period of the change. Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The Company’s warrants having an exercise price in the functional currency of the Company that are not issued in exchange for good and services are equity measured and the fair value at grant date for these warrants is classified within contributed surplus. For equity-settled share-based payment transactions, including share options and RSUs granted to officers and directors of the Company and warrants granted to advisors in a financing transaction, the Company measures the goods or services received, and the corresponding increase in contributed surplus, directly, at the fair value of the goods or services received, unless that fair value cannot be estimated reliably, in which cases, the Company measures their value, and the corresponding increase in equity, indirectly, by reference to the fair value of the equity instruments granted.	(n) Share-based payment The share-based payment plan allows Company employees and consultants to acquire shares of the Company. The fair value of share-based payment awards granted is recognized within share-based payments expense with a corresponding increase in equity. Each tranche in an award is considered a separate award with its own vesting period and grant date fair value. The fair value is measured at grant date and each tranche is recognized on a straight-line basis over the period during which the share purchase options vest. The fair value of the share-based payment awards granted is measured using the Black-Scholes option pricing model taking into account the terms and conditions upon which the awards were granted such as stock price, term, and stock volatility. At each financial position reporting date, the amount recognized as an expense is adjusted to reflect the actual number of awards, for which the related service and non-market vesting conditions are expected to be met. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) For each Restricted Share Units (“RSU”) granted, the Company recognizes an expense equal to the market value of a common share at the date of grant and for each common share option granted, the Company recognizes an expense equal to the fair value of the option estimated using a Black Scholes model at grant date, based on the number of RSUs/options expected to vest, recognized over the term of the vesting period, with a corresponding increase to contributed surplus. Share based payments expense is adjusted for subsequent changes in management’s estimate of the number of RSUs/options that are expected to vest. The effect of these changes is recognized in the period of the change. For equity-settled share-based payment transactions, including share options and RSUs granted to officers and directors of the Company and warrants granted to advisors in a financing transaction, the Company measures the goods or services received, and the corresponding increase in contributed surplus, directly, at the fair value of the goods or services received, unless that fair value cannot be estimated reliably, in which cases, the Company measures their value, and the corresponding increase in equity, indirectly, by reference to the fair value of the equity instruments granted.
Discontinued operations and assets held for sale	(p) Discontinued operations and assets held for sale A non-current asset or a group of assets and liabilities is a disposal group when the carrying amount will be recovered principally through its divestiture and not by continuing utilization. To meet this definition, the asset must be available for immediate sale, and divestiture must be highly probable. Non-current assets or disposal groups classified as held for sale are measured at the lower of carrying amounts and fair value less costs to sell. Classification as a discontinued operation occurs at the earlier of disposal or when the operation meets the criteria to be classified as held-for-sale. Discontinued operations are presented on a single line of the consolidated statements of loss and comprehensive loss for the periods reported, comprising the earnings after tax of discontinued operations until divestiture and the gain or loss after tax on sale or fair value measurement, less costs to sell the assets and liabilities making up the discontinued operations. In addition, the cash flows generated by the discontinued operations are presented on one separate line of the statement of consolidated cash flows for the periods presented.	(o) Discontinued operations and assets held for sale A non-current asset or a group of assets and liabilities is a disposal group when the carrying amount will be recovered principally through its divestiture and not by continuing utilization. To meet this definition, the asset must be available for immediate sale, and divestiture must be highly probable. Non-current assets or disposal groups classified as held for sale are measured at the lower of carrying amounts and fair value less costs to sell. Classification as a discontinued operation occurs at the earlier of disposal or when the operation meets the criteria to be classified as held-for-sale. Discontinued operations are presented on a single line of the consolidated statements of loss and comprehensive loss for the periods reported, comprising the earnings after tax of discontinued operations until divestiture and the gain or loss after tax on sale or fair value measurement, less costs to sell the assets and liabilities making up the discontinued operations. In addition, the cash flows generated by the discontinued operations are presented on one separate line of the statement of consolidated cash flows for the periods presented.
Segment reporting	(q) Segment reporting A segment is a distinguishable component of the Company that is engaged either in providing products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of other segments.	(p) Segment reporting A segment is a distinguishable component of the Company that is engaged either in providing products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of other segments.
Government grants	(r) Government grants Government grants are recognized when it is probable that the grant will be received, and all conditions of the grant are complied with. When the grant is in the form of a forgivable loan, the loan is initially recognized as a deferred income liability. The Company then relieves the deferred income liability on a systematic and rational basis in those periods over which the entity recognizes the expenses that the grant is intended to offset. The Company recognizes the impact of the loan forgiveness as an offset against related expense. Assistance for operating expenses is recorded as a reduction of expenses when the assistance is receivable. A forgivable loan from government is treated as government assistance when there is reasonable assurance that the Company will meet the terms for forgiveness of the loan. If there is no reasonable assurance that the entity will meet the terms for forgiveness of the loan, the loan is recognized as a liability in accordance with IFRS 9 Financial Instruments. The liability would become a government grant (forgivable loan) when there is reasonable assurance that the entity will meet the terms for forgiveness.	(q) Government grants Government grants are recognized when it is probable that the grant will be received, and all conditions of the grant are complied with. When the grant is in the form of a forgivable loan, the loan is initially recognized as a deferred income liability. The Company then relieves the deferred income liability on a systematic and rational basis in those periods over which the entity recognizes the expenses that the grant is intended to offset. The Company recognizes the impact of the loan forgiveness as an offset against related expense. Assistance for operating expenses is recorded as a reduction of expenses when the assistance is receivable. Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) A forgivable loan from government is treated as government assistance when there is reasonable assurance that the Company will meet the terms for forgiveness of the loan. If there is no reasonable assurance that the entity will meet the terms for forgiveness of the loan, the loan is recognized as a liability in accordance with IFRS 9 Financial Instruments. The liability would become a government grant (forgivable loan) when there is reasonable assurance that the entity will meet the terms for forgiveness.

Basis of preparation (Tables)

Basis of preparation (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Basis Of Preparation
Schedule of material subsidiaries	The Company’s material subsidiaries as of August 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 Stream Hatchet S.L. Spain 100 Euro SideQik, Inc. USA 100 US Dollar	The Company’s material subsidiaries as at August 31, 2021 are as follows: Schedule of material subsidiaries Name of Subsidiary Country of Ownership Percentage Functional Currency Frankly Inc. Canada 100 Canadian Dollar UMG Media Ltd. Canada 100 Canadian Dollar Eden Games S.A. France 96 Euro Stream Hatchet S.L. Spain 100 Euro SideQik, Inc. USA 100 US Dollar WinView, Inc. USA 100 US Dollar
Disclosure of restatement previously reported financial statements	Disclosure of restatement previously reported financial statements Consolidated Statements of Financial Position As previously reported Adjustments As Restated As of August 31, 2022 Consolidated Statements of Financial Position As previously reported Adjustments As Restated $ $ $ ASSETS Non-Current Goodwill 15,200,188 - 15,200,188 Intangible assets 2,667,363 (184,193 ) 2,483,170 Total Non-Current Assets 20,635,907 (184,193 ) 20,451,714 Total Assets 42,694,808 (184,193 ) 42,510,615 SHAREHOLDERS’ EQUITY (DEFICIENCY) Deficit (127,293,571 ) (184,193 ) (127,477,764 ) Total Shareholders’ Equity (Deficiency), before non-controlling interest 15,886,591 (184,193 ) 15,702,398 Total Shareholders’ Equity (Deficiency) 15,886,591 (184,193 ) 15,702,398 Total Liabilities and Shareholders’ Equity (Deficiency) 42,694,808 (184,193 ) 42,510,615 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated For the year ended August 31, 2022 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated $ $ $ CONTINUING OPERATIONS EXPENSES Amortization and depreciation 1,242,383 (234,000 ) 1,008,383 Impairment expense 3,873,000 (3,873,000 ) - Impairment of goodwill and intangibles Total expenses 58,284,217 (4,107,001 ) 54,177,216 Net income (loss) for the year before discontinued operations (16,401,604 ) 4,107,001 (12,294,603 ) DISCONTINUED OPERATIONS Loss from discontinued operations (13,203,474 ) 5,969,533 (7,233,941 ) Net income (loss) for the year from discontinued operations 1,988,225 5,969,533 7,957,758 Net loss for the year (14,413,379 ) 10,076,534 (4,336,845 ) Net loss attributable to owners of the Company (14,478,598 ) 10,076,534 (4,402,064 ) OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive loss for the year (14,084,670 ) 10,076,534 (4,008,136 ) INCOME (LOSS) PER SHARE Basic loss per share - continuing operations (1.05 ) 0.26 (0.79 ) Basic income (loss) per share - discontinued operations 0.13 0.38 0.51 Basic and diluted loss per share (0.93 ) 0.64 (0.28 ) Consolidated Statements of Financial Position As previously reported Adjustments As Restated As of August 31, 2021 Consolidated Statements of Financial Position As previously reported Adjustments As Restated $ $ $ ASSETS Non-Current Goodwill 18,495,121 (2,900,192 ) 15,594,929 Intangible assets 12,482,244 (7,360,533 ) 5,121,711 Total Non-Current Assets 35,905,165 (10,260,725 ) 25,644,440 Total Assets 67,462,847 (10,260,725 ) 57,202,122 SHAREHOLDERS’ EQUITY (DEFICIENCY) Deficit (112,814,973 ) (10,260,727 ) (123,075,700 ) Total Shareholders’ Equity (Deficiency), before non-controlling interest 25,422,165 (10,260,727 ) 15,161,438 Total Shareholders’ Equity (Deficiency) 25,565,544 (10,260,727 ) 15,304,817 Total Liabilities and Shareholders’ Equity (Deficiency) 67,462,847 (10,260,725 ) 57,202,122 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated For the year ended August 31, 2021 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated $ $ $ CONTINUING OPERATIONS EXPENSES Amortization and depreciation 1,112,863 (28,660 ) 1,084,203 Impairment expense - 4,319,855 4,319,855 Total expenses 57,793,056 4,291,195 62,084,251 Net income (loss) for the year before discontinued operations (24,551,718 ) (4,291,195 ) (28,842,913 ) DISCONTINUED OPERATIONS Loss from discontinued operations (15,564,168 ) 4,352,838 (11,211,330 ) Net income (loss) for the year from discontinued operations (16,243,099 ) 4,352,838 (11,890,261 ) Net loss for the year (40,794,817 ) 61,643 (40,733,174 ) Net loss attributable to owners of the Company (40,720,811 ) 61,643 (40,659,168 ) OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive loss for the year (40,710,561 ) 61,643 (40,648,918 ) INCOME (LOSS) PER SHARE Basic loss per share - continuing operations (2.06 ) (0.36 ) (2.42 ) Basic income (loss) per share - discontinued operations (1.37 ) 0.37 (1.00 ) Basic and diluted loss per share (3.43 ) 0.01 (3.42 )	The following tables reflect the impact of the Restatement of the Company’s previously reported consolidated financial statements as of and for the years ended August 31, 2021 and 2020: Disclosure of restatement previously reported financial statements Consolidated Statements of Financial Position As previously reported Adjustments As Restated As of August 31, 2021 Consolidated Statements of Financial Position As previously reported Adjustments As Restated $ $ $ ASSETS Non-Current Goodwill 18,495,121 (2,900,192 ) 15,594,929 Intangible assets 12,482,244 (7,360,533 ) 5,121,711 Total Non-Current Assets 35,905,165 (10,260,725 ) 25,644,440 Total Assets 67,462,847 (10,260,725 ) 57,202,122 SHAREHOLDERS’ EQUITY (DEFICIENCY) Deficit (112,814,973 ) (10,260,727 ) (123,075,700 ) Total Shareholders’ Equity (Deficiency), before non-controlling interest 25,422,165 (10,260,727 ) 15,161,438 Total Shareholders’ Equity (Deficiency) 25,565,544 (10,260,727 ) 15,304,817 Total Liabilities and Shareholders’ Equity (Deficiency) 67,462,847 (10,260,725 ) 57,202,122 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated For the year ended August 31, 2021 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated $ $ $ CONTINUING OPERATIONS EXPENSES Amortization and depreciation 4,891,097 (1,587,059 ) 3,304,038 Impairment of goodwill and intangibles 3,885,001 1,525,416 5,410,417 Total expenses 76,287,717 (61,643 ) 76,226,074 Net income (loss) for the year before discontinued operations (39,170,777 ) 61,643 (39,109,134 ) Net loss for the year (40,794,817 ) 61,643 (40,733,174 ) Net loss attributable to owners of the Company (40,720,811 ) 61,643 (40,659,168 ) OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive loss for the year (40,710,561 ) 61,643 (40,648,918 ) INCOME (LOSS) PER SHARE Basic loss per share - continuing operations (3.29 ) 0.01 (3.29 ) Basic income (loss) per share - discontinued operations (0.14 ) - (0.14 ) Basic and diluted loss per share (3.43 ) 0.01 (3.42 ) Consolidated Statements of Financial Position As previously reported Adjustments As Restated As of August 31, 2020 Consolidated Statements of Financial Position As previously reported Adjustments As Restated $ $ $ ASSETS Non-Current Goodwill 18,785,807 (3,209,045 ) 15,576,762 Intangible assets 19,442,322 (7,113,326 ) 12,328,996 Total Non-Current Assets 41,240,004 (10,322,371 ) 30,917,633 Total Assets 53,415,477 (10,322,371 ) 43,093,106 SHAREHOLDERS’ EQUITY (DEFICIENCY) Deficit (72,094,162 ) (10,322,370 ) (82,416,532 ) Total Shareholders’ Equity (Deficiency), before non-controlling interest 45,907 (10,322,370 ) (10,276,463 ) Total Shareholders’ Equity (Deficiency) 263,292 (10,322,370 ) (10,059,078 ) Total Liabilities and Shareholders’ Equity (Deficiency) 53,415,477 (10,322,371 ) 43,093,106 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated For the year ended August 31, 2020 Consolidated Statements of Loss and Comprehensive Loss As previously reported Adjustments As Restated $ $ $ CONTINUING OPERATIONS EXPENSES Amortization and depreciation 3,549,374 (109,864 ) 3,439,510 Impairment of goodwill and intangibles - 10,432,234 10,432,234 Total expenses 37,101,740 10,322,370 47,424,110 Net income (loss) for the year before discontinued operations (26,555,897 ) (10,322,370 ) (36,878,267 ) Net loss for the year (32,416,108 ) (10,322,370 ) (42,738,478 ) Net loss attributable to owners of the Company (32,340,042 ) (10,322,370 ) (42,662,412 ) OTHER COMPREHENSIVE INCOME (LOSS) Comprehensive loss for the year (33,341,145 ) (10,322,370 ) (43,663,515 ) INCOME (LOSS) PER SHARE Basic loss per share - continuing operations (8.98 ) (3.50 ) (12.48 ) Basic income (loss) per share - discontinued operations (1.99 ) - (1.99 ) Basic and diluted loss per share (10.96 ) (3.50 ) (14.46 )

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Significant Accounting Policies
Schedule of estimated useful lives of property, plant and equipment	Schedule of estimated useful lives of property, plant and equipment Computer equipment 3 Furniture and fixtures 5 Leasehold improvements Term of the lease, plus one renewal	Schedule of estimated useful lives of property, plant and equipment Computer equipment 3 Furniture and fixtures 5 Leasehold improvements Term of the lease, plus one renewal
Schedule of useful lives of intangibles	The useful lives of the intangibles are as follows: Schedule of useful lives of intangibles Software 3 5 Brands 1 20 Customer relationships 1 10 Patents 5 Application platforms 3	The useful lives of the intangibles are as follows: Schedule of useful lives of intangibles Software 3 5 Brands 1 20 Customer relationships 1 10 Patents 5 Application platforms 3

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
SideQik, Inc. [Member]
IfrsStatementLineItems [Line Items]
Schedule of assets and liabilities assumed in acquisition	The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 386,584 $ 3,962,000 RSUs 23,939 $ 245,000 $ 4,207,000 Fair value of identifiable assets acquired Cash $ 255,852 Accounts and other receivables 817,557 Prepaid and other current assets 69,631 Property and equipment 12,730 Intangible assets - Software (Useful life - 5 910,000 Intangible assets - Brand (Useful life - 10 210,000 Intangible assets - Customer relationships (Useful life - 10 310,000 Goodwill 2,900,193 Accounts payable (292,571 ) Accrued liabilities (502,392 ) Deferred revenue (484,000 ) $ 4,207,000	The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 386,584 $ 3,962,000 RSUs 23,939 $ 245,000 $ 4,207,000 Fair value of identifiable assets acquired Cash $ 255,852 Accounts and other receivables 817,557 Prepaid and other current assets 69,631 Property and equipment 12,730 Intangible assets - Software (Useful life - 5 910,000 Intangible assets - Brand (Useful life - 10 210,000 Intangible assets - Customer relationships (Useful life - 10 310,000 Goodwill 2,900,193 Accounts payable (292,571 ) Accrued liabilities (502,392 ) Deferred revenue (484,000 ) $ 4,207,000
U M G Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Schedule of assets and liabilities assumed in acquisition		The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 288,560 $ 3,804,344 Options and warrants exchanged 26,553 41,879 $ 3,846,223 Fair value of identifiable assets acquired Cash $ (82,528 ) Restricted cash 112,901 Accounts and other receivables 76,052 Prepaid and other current assets 88,877 Property and equipment 313,622 Right-of-use asset 388,996 Intangible assets - Application platforms (Useful life - 5 560,000 Intangible assets - Brand (Useful life - 6 510,000 Intangible assets - Customer lists (Useful life - 3 460,000 Goodwill 3,209,045 Accounts payable and accrued liabilities (761,766 ) Lease liabilities (420,863 ) Players liability account (112,902 ) Promissory notes (430,745 ) Deferred revenue (64,466 ) $ 3,846,223
Frankly Inc. [Member]
IfrsStatementLineItems [Line Items]
Schedule of assets and liabilities assumed in acquisition		The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 2,258,215 $ 12,155,000 Warrants exchanged 1,055,036 2,157,000 Settlement of a pre-existing relationship (1,099,999 ) $ 13,212,001 Fair value of identifiable assets acquired Cash 1,241,511 Accounts and other receivables 5,368,562 Prepaid and other current assets 444,690 Property and equipment 40,152 Intangible assets - Software (Useful life - 3 2,000,000 Intangible assets - Brand (Useful life - 1 100,000 Intangible assets - Customer contracts (Useful life - 10 2,700,000 Goodwill 14,895,595 Accounts payable and accrued liabilities (9,590,547 ) Deferred revenue (148,949 ) Line of credit (3,839,013 ) $ 13,212,001
WinView Inc [Member]
IfrsStatementLineItems [Line Items]
Schedule of assets and liabilities assumed in acquisition		The purchase price allocation is as follows: Schedule of assets and liabilities assumed in acquisition Consideration paid # Issued Amount Common shares 1,759,997 $ 7,579,000 $ 7,579,000 Fair value of identifiable assets acquired Cash $ 359,190 Restricted cash 201,540 Prepaid and other current assets 174,313 Intangible assets - Patents (Useful life - 5 9,430,265 Accounts payable and accrued liabilities (699,053 ) Players liability account (201,540 ) Government grants - PPP Loan (174,795 ) Promissory notes (1,423,738 ) Deferred revenue (87,182 ) $ 7,579,000

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Revenue
Schedule of revenue from contracts with customers disaggregated	In the following table, revenue from contracts with customers is disaggregated by service lines. Schedule of revenue from contracts with customers disaggregated Increase For the year ended August 31, 2022 2021 (decrease) $ $ $ Software-as-a-service 9,220,069 7,952,426 1,267,643 Advertising 32,662,544 25,392,842 7,269,702 Revenue 41,882,613 33,345,268 8,537,345	In the following table, revenue from contracts with customers is disaggregated by service lines. Schedule of revenue from contracts with customers disaggregated For the year ended August 31, 2021 2020 $ $ Games development 3,422,202 2,732,846 Direct to consumer 453,400 363,554 Software-as-a-service 6,360,361 2,571,672 Advertising 26,656,446 4,491,356 Professional services 328,461 386,415 Revenue 37,220,870 10,545,843

Accounts and other receivable_2

Accounts and other receivables and publisher advances (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Accounts And Other Receivables And Publisher Advances
Schedule of accounts and other receivables	The Company’s accounts and other receivables are comprised of the following: Schedule of accounts and other receivables August 31, August 31, $ $ Trade accounts receivable 9,750,619 9,677,725 Other receivables 9,028 53,387 Allowance for doubtful accounts (1,355,638 ) (1,084,305 ) Total accounts and other receivables 8,404,009 8,646,807	The Company’s accounts and other receivables are comprised of the following: Schedule of accounts and other receivables August 31, August 31, $ $ Trade accounts receivable 9,677,725 4,690,922 Other receivables 53,387 29,406 Allowance for doubtful accounts (1,084,305 ) (874,438 ) Total accounts and other receivables 8,646,807 3,845,890
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 ) Acquisition of SideQik - (140,896 ) Acquisition of Frankly Provision, bad debt expense (473,898 ) (72,636 ) Write-offs 202,565 3,665 Balance, August 31, (1,355,638 ) (1,084,305 )	A continuity of the Company’s allowance for doubtful accounts is as follows: Schedule of allowance for doubtful accounts August 31, August 31, $ $ Allowance for doubtful accounts, beginning of year (874,438 ) - Acquisition of Frankly - (887,763 ) Acquisition of SideQik (140,896 ) - Provision, bad debt expense (72,636 ) - Writeoffs 3,665 13,325 Allowance for doubtful accounts, end of year (1,084,305 ) (874,438 )

Promissory notes receivable a_2

Promissory notes receivable at FVTPL (Tables)	12 Months Ended
	Aug. 31, 2022
Promissory Notes Receivable At Fvtpl
Schedule of promissory notes receivable	Schedule of promissory notes receivable Promissory notes receivable $ Balance, August 31, 2021 - Acquisition 1,585,783 Change in fair value (873,778 ) Effect of foreign exchange (135,477 ) Balance, August 31, 2022 576,528

Investment at FVTPL (Tables)

Investment at FVTPL (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Schedule of investment in associate and investment	Schedule of investment in associate and investment Investment at FVTPL $ Balance, August 31, 2021 2,629,851 Balance, August 31, 2022 2,629,851	Schedule of investment in associate and investment Investment in associate Investment at FVTPL $ $ Balance, August 31, 2020 2,052,008 - Share of loss in One Up (103,930 ) - Discontinue use of equity method on retained interest in former associate (1,948,078 ) 2,048,039 Change in fair value of investment at FVTPL - 581,812 Balance, August 31, 2021 - 2,629,851

Property and equipment (Tables)

Property and equipment (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Disclosure of detailed information about property plant and equipment	Disclosure 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 Acquisition of SideQik - 11,399 1,331 12,730 Additions - 170,305 17,865 188,170 Disposals - (14,244 ) - (14,244 ) Disposal of Motorsports (2,631 ) (47,645 ) (18,118 ) (68,394 ) Foreign exchange (171 ) (2,548 ) (1,125 ) (3,844 ) UMG Asset Sale - (59,550 ) (35,178 ) (94,728 ) Impairment (153,192 ) - - (153,192 ) August 31, 2021 218,851 603,607 173,044 995,502 August 31, 2021 218,851 603,607 173,044 995,502 Additions - 77,147 1,551 78,698 Impairment (153,192 ) - - (153,192 ) Disposal of Eden Games (7,407 ) (314,440 ) (52,460 ) (374,307 ) UMG Asset Sale - (59,550 ) (35,178 ) (94,728 ) Foreign exchange 850 (35,128 ) (4,963 ) (39,241 ) August 31, 2022 59,102 271,636 81,994 412,732 Accumulated depreciation Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2020 57,517 307,508 106,670 471,695 Depreciation 5,949 117,092 26,150 149,191 Disposals - (4,477 ) - (4,477 ) Disposal of Motorsports - (11,068 ) (9,910 ) (20,978 ) Foreign exchange (99 ) (2,824 ) (817 ) (3,740 ) UMG Asset Sale - (31,619 ) (35,178 ) (66,797 ) August 31, 2021 63,367 406,231 122,093 591,691 August 31, 2021 63,367 406,231 122,093 591,691 Depreciation 3,765 114,530 10,598 128,893 Disposal of Eden Games (7,202 ) (278,569 ) (47,404 ) (333,175 ) UMG Asset Sale - (31,619 ) (35,178 ) (66,797 ) Foreign exchange (828 ) (29,994 ) (4,448 ) (35,270 ) August 31, 2022 59,102 180,579 45,661 285,342 Net book value Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2021 155,484 197,376 50,951 403,811 August 31, 2022 - 91,057 36,333 127,390	Disclosure of detailed information about property plant and equipment Cost Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2019 54,465 209,126 123,298 386,889 Acquisition of UMG 166,193 116,668 30,761 313,622 Acquisition of Frankly - 34,461 5,691 40,152 Additions - 116,028 8,762 124,790 Disposals - (14,410 ) - (14,410 ) Effect of foreign exchange 995 24,467 4,579 30,041 August 31, 2020 221,653 486,340 173,091 881,084 August 31, 2020 221,653 486,340 173,091 881,084 Acquisition of SideQik - 11,399 1,331 12,730 Additions - 170,305 17,865 188,170 Disposals - (14,244 ) - (14,244 ) Disposal of Motorsports (2,631 ) (47,645 ) (18,118 ) (68,394 ) Foreign exchange (171 ) (2,548 ) (1,125 ) (3,844 ) August 31, 2021 218,851 603,607 173,044 995,502 Accumulated depreciation Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2019 51,847 181,089 68,700 301,636 Depreciation 4,998 102,241 34,066 141,305 Foreign exchange 672 24,178 3,904 28,754 August 31, 2020 57,517 307,508 106,670 471,695 August 31, 2020 57,517 307,508 106,670 471,695 Depreciation 5,949 117,092 26,150 149,191 Disposals - (4,477 ) - (4,477 ) Disposal of Motorsports - (11,068 ) (9,910 ) (20,978 ) Foreign exchange (99 ) (2,824 ) (817 ) (3,740 ) August 31, 2021 63,367 406,231 122,093 591,691 Net book value Leasehold Computer equipment Furniture Total $ $ $ $ August 31, 2020 164,136 178,832 66,421 409,389 August 31, 2021 155,484 197,376 50,951 403,811

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure Of Goodwill Abstract
Disclosure of detailed information about goodwill	Disclosure of detailed information about goodwill 2022 (As Restated) 2021 (As Restated) $ $ Balance, beginning of year 15,594,929 15,576,762 Disposal of Eden Games (345,150 ) - Acquisition of SideQik - 2,900,193 Impairment of SideQik - (2,900,193 ) - Effect of foreign exchange (49,591 ) 18,167 Balance, end of year 15,200,188 15,594,929	Disclosure of detailed information about goodwill Aug 31, (As Restated) Aug 31, (As Restated) $ $ Balance, beginning of year 15,576,762 651,354 Acquisition of UMG - 3,209,045 Impairment of UMG - (3,209,045 ) Acquisition of Frankly - 14,895,595 Acquisition of SideQik 2,900,193 - Impairment of SideQik (2,900,193 ) - Effect of foreign exchange 18,167 29,813 Balance, end of year 15,594,929 15,576,762

Intangible assets (Tables)

Intangible assets (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of detailed information about intangible assets [abstract]
Schedule of detailed information about intangible assets	Schedule of detailed information about intangible assets Cost Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2020 2,926,782 1,059,380 10,763,975 2,070,573 3,455,572 20,276,282 Disposal of Motorsports - - (3,598,869 ) (201,627 ) (222,650 ) (4,023,146 ) Acquisition of SideQik - - 910,000 210,000 310,000 1,430,000 Impairment of SideQik - - (901,960 ) (209,072 ) (308,630 ) (1,419,662 ) Impairment of UMG - (152,011 ) - (149,975 ) (83,244 ) (385,230 ) Impairment of Winview (705,331 ) - - - - (705,331 ) Foreign exchange - 16,974 255,577 81,759 11,063 365,373 August 31, 2021 2,221,451 924,343 7,428,723 1,801,658 3,162,111 15,538,286 August 31, 2021 2,221,451 924,343 7,428,723 1,801,658 3,162,111 15,538,286 Intangible assets, Cost, Beginning balance 2,221,451 924,343 7,428,723 1,801,658 3,162,111 15,538,286 Impairment (800,231 ) (38,851 ) - (39,892 ) (15,644 ) (894,618 ) Disposal of Eden Games - (269,098 ) (4,709,219 ) (1,390,134 ) (269,010 ) (6,637,461 ) Disposal of UMG - (105,715 ) - (80,230 ) (144,729 ) (330,674 ) Cost, Disposal - (242,667 ) - (184,167 ) (313,933 ) (740,767 ) Foreign exchange - (14,450 ) (285,842 ) (82,763 ) (19,230 ) (402,285 ) August 31, 2022 1,421,220 496,229 2,433,662 208,639 2,713,498 7,273,248 Intangible assets, Cost, Ending balance 1,421,220 496,229 2,433,662 208,639 2,713,498 7,273,248 Accumulated amortization Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2020 628,684 757,918 4,909,001 1,050,835 600,848 7,947,286 Amortization 492,449 107,158 1,711,771 422,842 418,904 3,153,124 Disposal of Motorsports - - (532,412 ) (201,627 ) (222,650 ) (956,689 ) Foreign exchange - 13,560 229,650 34,385 (4,741 ) 272,854 August 31, 2021 1,121,133 878,636 6,318,010 1,306,435 792,361 10,416,575 August 31, 2021 1,121,133 878,636 6,318,010 1,306,435 792,361 10,416,575 Intangible assets, Accumulated amortization, Beginning balance 1,121,133 878,636 6,318,010 1,306,435 792,361 10,416,575 Amortization 300,087 6,857 666,672 157,381 295,255 1,426,252 Disposal of Eden Games - (269,098 ) (4,709,219 ) (1,112,108 ) (250,801 ) (6,341,226 ) Disposal of UMG - (105,715 ) - (80,230 ) (144,729 ) (330,674 ) Accumulated amortization, Disposal - (242,667 ) - (184,167 ) (313,933 ) (740,767 ) Foreign exchange - (14,451 ) (285,842 ) (62,839 ) (17,717 ) (380,849 ) August 31, 2022 1,421,220 496,229 1,989,621 208,639 674,369 4,790,078 Intangible assets, Accumulated amortization, Ending balance 1,421,220 496,229 1,989,621 208,639 674,369 4,790,078 Net book value Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2021 1,100,318 45,707 1,110,713 495,223 2,369,750 5,121,711 August 31, 2022 - - 444,041 - 2,039,129 2,483,170	Schedule of detailed information about intangible assets Cost Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2019 - 760,323 5,055,798 1,662,993 477,592 7,956,706 Acquisition of UMG - 560,000 - 510,000 460,000 1,530,000 Impairment of UMG - (263,422 ) - (239,902 ) (216,382 ) (719,706 ) Acquisition of Frankly - - 2,000,000 100,000 2,700,000 4,800,000 Acquisition of WinView 9,430,265 - - - - 9,430,265 Impairment of Winview (6,503,483 ) - - - - (6,503,483 ) Acquisition of WTF1 - - 557,709 - - 557,709 Acquisition of Driver DB - - 854,158 - - 854,158 Acquisition of Lets Go Racing - - 2,116,267 - - 2,116,267 Foreign exchange - 2,479 180,043 37,482 34,362 254,366 August 31, 2020 2,926,782 1,059,380 10,763,975 2,070,573 3,455,572 20,276,282 Disposal of Motorsports - - (3,598,869 ) (201,627 ) (222,650 ) (4,023,146 ) Acquisition of SideQik - - 910,000 210,000 310,000 1,430,000 Impairment of SideQik - - (901,960 ) (209,072 ) (308,630 ) (1,419,662 ) Impairment of UMG - (152,011 ) - (149,975 ) (83,244 ) (385,230 ) Impairment of Winview (705,331 ) - - - - (705,331 ) Foreign exchange - 16,974 255,577 81,759 11,063 365,373 August 31, 2021 2,221,451 924,343 7,428,723 1,801,658 3,162,111 15,538,286 Accumulated amortization Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2019 - 628,277 2,634,338 673,302 296,061 4,231,978 Amortization 628,684 127,681 2,205,781 348,858 180,182 3,491,186 Foreign exchange - 1,960 68,882 28,675 124,605 224,122 August 31, 2020 628,684 757,918 4,909,001 1,050,835 600,848 7,947,286 Amortization 492,449 107,158 1,711,771 422,842 418,904 3,153,124 Disposal of Motorsports - - (532,412 ) (201,627 ) (222,650 ) (956,689 ) Foreign exchange - 13,560 229,650 34,385 (4,741 ) 272,854 August 31, 2021 1,121,133 878,636 6,318,010 1,306,435 792,361 10,416,575 Net book value Patents (As Restated) Application Platforms (As Restated) Software (As Restated) Brand (As Restated) Customer (As Restated) Total (As Restated) $ $ $ $ $ $ August 31, 2020 2,298,098 301,462 5,854,974 1,019,738 2,854,724 12,328,996 August 31, 2021 1,100,318 45,707 1,110,713 495,223 2,369,750 5,121,711

Right-of-use assets (Tables)

Right-of-use assets (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Schedule of detailed information about right-of-use assets	Schedule of detailed information about right-of-use assets 2022 2021 $ $ Balance, beginng of year 557,022 550,478 Acquired - 210,178 Depreciation (180,395 ) (203,058 ) Impairment (346,266 ) - Disposal of Eden Games (16,036 ) - Effect of foreign exchange (3,210 ) (576 ) Balance, end of year 11,115 557,022	Schedule of detailed information about right-of-use assets August 31, August 31, $ $ Balance, beginning of year 550,478 - Additions to right-of-use assets on adoption of IFRS 16, September 1, 2019 - 258,756 Acquisition of UMG - 388,996 Acquired 210,178 36,375 Depreciation (203,058 ) (148,687 ) Effect of foreign exchange (576 ) 15,038 Balance, end of year 557,022 550,478

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Major components of tax expense (income) [abstract]
Disclosure of detailed information about components of income tax expense	The reconciliation of the statutory income tax rate of 26.5% 26.5% Disclosure of detailed information about components of income tax expense 2022 (As Restated) 2021 (As Restated) $ $ Income (loss) before discontinued operations and income taxes (12,294,603 ) (28,842,913 ) Statutory income tax rate 26.5 % 26.5 % Expected income tax (benefit) (3,258,070 ) (7,643,372 ) Reconciling items: Foreign rate differential 986 (477,761 ) Stock-based compensation and other non-deductible expenses (786,187 ) 1,299,240 Other 796,659 (4,136,359 ) Deferred tax assets not recognized 3,246,612 10,958,252 Income tax expense - -	The reconciliation of the combined federal and provincial statutory income tax rate of 26.5 26.5 Disclosure of detailed information about components of income tax expense 2021 (As Restated) 2020 (As Restated) $ $ Income (loss) before income taxes (40,733,174 ) (42,738,478 ) Statutory income tax rate 26.5 % 26.5 % Expected income tax (benefit) (10,794,291 ) (11,325,697 ) Reconciling items: Foreign rate differential (243,335 ) 443,749 Stock-based compensation and other non-deductible expenses 1,318,852 484,247 True up of prior period balances 1,323,876 - Deferred tax assets not recognized 8,394,898 10,397,701 Income tax expense - -
Disclosure of detailed information about recognized deferred tax assets and liabilities	The Company had the following temporary differences that would ordinarily give rise to deferred taxes: Disclosure of detailed information about recognized deferred tax assets and liabilities 2022 2021 $ $ Deferred tax assets Net operating losses 1,577,831 1,664,801 Deferred tax liabilities Intangible assets (1,520,569 ) (1,391,070 ) Other - United States (57,262 ) (273,731 ) Net deferred tax asset - -	The Company had the following temporary differences that would ordinarily give rise to deferred taxes: Disclosure of detailed information about recognized deferred tax assets and liabilities 2021 2020 $ $ Deferred tax assets Net operating losses 1,664,801 1,340,296 Deferred tax liabilities Intangible assets (1,391,070 ) (919,340 ) Other - Canada - (14,052 ) Other - United States (273,731 ) (318,712 ) Convertible Debt - (88,192 ) Net deferred tax asset - -
Disclosure of detailed information about unrecognized deductible temporary differences and unused tax losses	Disclosure of detailed information about unrecognized deductible temporary differences and unused tax losses 2022 2021 $ $ Intangible assets 23,737,179 28,362,021 Net operating losses 172,145,340 153,954,414 Net capital losses - 2,156,922 Property and equipment - 483,175 Share issuance costs 2,347,823 206,655 Convertible debt 250,603 2,385,606 Investments 3,074,356 - Other 2,219,206 8,802,009 Deferred tax assets, unrecognized 203,774,507 196,350,802	Disclosure of detailed information about unrecognized deductible temporary differences and unused tax losses 2021 2020 $ $ Intangible assets 28,362,021 25,826,171 Net operating losses 153,954,414 133,010,627 Net capital losses 2,156,922 - Property and equipment 483,175 552,680 Share issuance costs 206,655 67,250 Convertible debt 2,385,606 - Other 8,802,009 8,998,673 196,350,802 168,455,401

Lease liabilities (Tables)

Lease liabilities (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Lease Liabilities
Disclosure of detailed information about continuity of the lease liabilities	Disclosure of detailed information about continuity of the lease liabilities Equipment Office lease Total $ $ $ Balance, August 31, 2020 35,457 536,691 572,148 Acquired - 210,178 210,178 Disposal of Eden Games - (17,959 ) (17,959 ) Interest expense 1,971 32,226 34,197 Payments (13,380 ) (214,948 ) (228,328 ) Effect of foreign exchange - (644 ) (644 ) Balance, August 31, 2021 24,048 563,503 587,551 Balance, August 31, 2021 24,048 563,503 587,551 Beginning balance 24,048 563,503 587,551 Acquired - - - Disposal of Eden Games - (17,959 ) (17,959 ) Interest expense 1,206 22,716 23,922 Payments (13,380 ) (187,776 ) (201,156 ) Effect of foreign exchange - (3,524 ) (3,524 ) Balance, August 31, 2022 11,874 376,960 388,834 Ending balance 11,874 376,960 388,834 Equipment Office lease Total $ $ $ As of August 31, 2022: Less than one year 11,874 376,960 388,834 Total lease obligation 11,874 376,960 388,834	Disclosure of detailed information about continuity of the lease liabilities Equipment Office lease Total $ $ $ Balance, August 31, 2019 - - - Additions to right-of-use assets on adoption of IFRS 16, September 1, 2019 - 258,756 258,756 Acquisition of UMG - 401,441 401,441 Acquired 36,375 - 36,375 Interest expense (918 ) (139,019 ) (139,937 ) Payments - 15,513 15,513 Balance, August 31, 2020 35,457 536,691 572,148 Acquired - 210,178 210,178 Interest expense 1,971 32,226 34,197 Payments (13,380 ) (214,948 ) (228,328 ) Effect of foreign exchange - (644 ) (644 ) Balance, August 31, 2021 24,048 563,503 587,551 Equipment Office lease Total $ $ $ As of August 31, 2020: Less than one year 11,409 174,262 185,671 Greater than one year 24,048 362,429 386,477 Total lease obligation 35,457 536,691 572,148 Equipment Office lease Total $ $ $ As of August 31, 2021: Less than one year 12,174 210,409 222,583 Greater than one year 11,874 353,094 364,968 Total lease obligation 24,048 563,503 587,551
Disclosure of detailed information about future minimum undiscounted lease payments	The future minimum undiscounted lease payments as of August 31, 2022, are presented below: Disclosure of detailed information about future minimum undiscounted lease payments Equipment Office lease Total Less than one year 12,265 404,271 416,536 Total undiscounted lease obligation 12,265 404,271 416,536	The future minimum undiscounted lease payments as of August 31, 2021, are presented below: Disclosure of detailed information about future minimum undiscounted lease payments Total $ Current 250,216 2 years 176,513 3 years 160,696 4 years 52,089 Total undiscounted lease obligation 639,514

Convertible debt (Tables)

Convertible debt (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
IfrsStatementLineItems [Line Items]
Schedule of detailed information about continuity of convertible debt	The continuity of convertible debt for the year ended August 31, 2022, 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 Principal and interest at maturity 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 54,126 398,183 138,710 250,000 841,019 Accrued interest on conversion / interest payments (101,247 ) (256,300 ) (250,000 ) - (607,547 ) Effect of foreign exchange 134,562 - - - 134,562 Change in fair value 1,308,993 5,461,682 - (704,081 ) 6,066,594 Balance, August 31, 2021 914,428 2,097,127 - 6,939,941 9,951,496 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2021 914,428 2,097,127 - 6,939,941 9,951,496 Total convertible debt obligation beginning balance 914,428 2,097,127 - 6,939,941 9,951,496 Interest expense 23,983 200,000 - 500,000 723,983 Accrued interest on conversion / interest payments - - - (500,000 ) (500,000 ) Principal and interest at maturity (509,716 ) - - - (509,716 ) Effect of foreign exchange (27,040 ) - - - (27,040 ) Change in fair value (401,655 ) (29,760 ) - (1,956,705 ) (2,388,120 ) Balance, August 31, 2022 - 2,267,367 - 4,983,236 7,250,603 Total convertible debt obligation ending balance - 2,267,367 - 4,983,236 7,250,603 2020 Total $ $ As of August 31, 2022: Less than one year 2,267,367 2,267,367 Greater than one year - 4,983,236 Total convertible debt obligation 2,267,367 7,250,603	The continuity of convertible debt for the year ended August 31, 2021, is as follows: Schedule of detailed information about continuity of convertible debt 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2019 12,532,723 - - - 12,532,723 Issuances - 8,828,550 8,828,550 Exchange of EB Loan for Amended EB Loan Exchange of Amended EB Loan for EB CD Conversion - common shares issued (5,152,023 ) - - - (5,152,023 ) Conversion - warrants issued (5,037,535 ) - - - (5,037,535 ) Interest expense 358,123 - - - 358,123 Accrued interest on conversion (317,508 ) 11,917 - - (305,591 ) Effect of foreign exchange (200,661 ) - - - (200,661 ) Change in fair value (61,250 ) (168,877 ) - - (230,127 ) Balance, August 31, 2020 2,121,869 8,671,590 - - 10,793,459 2019 2020 Amended EB Loan EB CD Total $ $ $ Balance, August 31, 2020 2,121,869 8,671,590 - - 10,793,459 Total convertible debt obligation beginning balance 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 54,126 398,183 138,710 250,000 841,019 Accrued interest on conversion / interest payments (101,247 ) (256,300 ) (250,000 ) - (607,547 ) Effect of foreign exchange 134,562 - - - 134,562 Change in fair value 1,308,993 5,461,682 - (704,081 ) 6,066,594 Balance, August 31, 2021 914,428 2,097,127 - 6,939,941 9,951,496 Total convertible debt obligation ending balance 914,428 2,097,127 - 6,939,941 9,951,496 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) 2019 2020 Amended EB Loan EB CD Total $ $ $ $ $ As of August 31, 2021: Less than one year 914,428 - - - 914,428 Greater than one year - 2,097,127 - 6,939,941 9,037,068 Total convertible debt obligation 914,428 2,097,127 - 6,939,941 9,951,496 Total convertible debt obligation ending balance 914,428 2,097,127 - 6,939,941 9,951,496
Disclosure of detailed information about fair value of convertible debentures	As of August 31, 2022, the fair value of the EB CD convertible debenture was estimated using the binomial lattice model with the below assumptions: Disclosure of detailed information about fair value of convertible debentures EB CD August 31 2022 August 31, 2021 Share price 0.72 6.66 Conversion price 10.25 10.25 Warrant exercise price 15.00 15.00 Term, in years 1.48 1.26 Interest rate 10 % 10 % Expected volatility 90.00 % 90.00 % Risk-free interest rate 3.45 % 0.30 % Expected dividend yield 0 % 0 %	As of August 31, 2021, the fair value of the EB CD convertible debenture was estimated using the binomial lattice model with the below assumptions: Disclosure of detailed information about fair value of convertible debentures EB CD August 31, 2021 August 31, Share price 6.66 - Conversion price 10.25 - Warrant exercise price 15.00 - Term, in years 1.26 - Interest rate 10 % - Expected volatility 90.00 % - Risk-free interest rate 0.30 % - Expected dividend yield 0 % -
Disclosure of key inputs of convertible debt	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) and sensitivity of unobservable inputs. Disclosure of key inputs of convertible debt Financial assets / financial liabilities 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 August 31, 2022 has been calculated using a binomial lattice methodology. Key observable inputs The estimated fair value would increase (decrease) if: Share price CAD $ .94 .72 The share price was higher (lower) Risk-free interest rate ( 2.85% 3.45% The risk-free interest rate was higher (lower) Dividend yield ( 0% The dividend yield was lower (higher) Key unobservable inputs Credit spread ( 10.13% 13.56% 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)	Disclosure of key inputs of convertible debt Financial assets / financial liabilities 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 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) Convertible debt The fair value of the convertible debentures as of August 31, 2020 has been calculated using a binomial lattice methodology. Key observable inputs The estimated fair value would increase (decrease) if: Share price (USD $ 8.92 The share price was higher (lower) Risk-free interest rate ( 0.14 The risk-free interest rate was higher (lower) Dividend yield ( 0 The dividend yield was lower (higher) Key unobservable inputs Credit spread ( 18.35 The credit spread was lower (higher) Discount for lack of marketability ( 47 The discount for lack of marketability was lower (higher)
Two Thousands Twenty Series Convertible Debenture [Member]
IfrsStatementLineItems [Line Items]
Disclosure of detailed information about fair value of convertible debentures	As of August 31, 2022, the fair value of the 2020 Series convertible debentures was estimated using the binomial lattice model with the below assumptions: Disclosure of detailed information about fair value of convertible debentures 2020 Series August 31 2022 August 31, 2021 Share price 0.72 6.66 Conversion price 8.90 8.90 Term, in years 0.22 1.26 Interest rate 10 % 10 % Expected volatility 90.00 % 90.00 % Risk-free interest rate 2.85 % 0.10 % Expected dividend yield 0 % 0 %	As of August 31, 2021, the fair value of the 2020 Series convertible debentures was estimated using the binomial lattice model with the below assumptions: Disclosure of detailed information about fair value of convertible debentures 2020 Series August 31, 2021 August 31, Share price 6.66 8.92 Conversion price 8.90 7.50 9.50 Warrant exercise price - 15.00 Term, in years 1.26 1.97 1.98 Interest rate 10 % 5% 10 % Expected volatility 90.00 % 200.00 % Risk-free interest rate 0.10 % 0.14 % Expected dividend yield 0 % 0 %
Two Thousands Nineteen Series Convertible Debenture [Member]
IfrsStatementLineItems [Line Items]
Disclosure of detailed information about fair value of convertible debentures		Disclosure of detailed information about fair value of convertible debentures 2019 Series August 31, 2021 August 31, Share price 8.42 11.65 Conversion price 7.50 7.50 Warrant exercise price 7.50 7.50 Term, in years .85 .94 1.85 1.94 Interest rate 6 % 6 % Expected volatility 90.00 % 179.00 % Risk-free interest rate 0.25% 0.26 % 0.25 % Exchange rate 0.7947 0.7651 Expected dividend yield 0 % 0 %

Warrants (Tables)

Warrants (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
CAD Exercise Price [Member]
IfrsStatementLineItems [Line Items]
Schedule of measured warrants	The following table reflects the continuity of the Company’s liability measured warrants for the years ended August 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 (2,134,116 ) Issued in private placement of units - transaction costs Issued in private placement of units Issued in private placement of convertible debt Change in fair value (9,037,108 ) Foreign exchange 800,945 Balance, August 31, 2021 4,868,703 Amount $ Balance at August 31, 2021 4,868,703 Change in fair value (4,748,893 ) Foreign exchange (69,916 ) Balance, August 31, 2022 49,894	The following table reflects the continuity of the Company’s liability measured warrants for the years ended August 31, 2021, and 2020: Schedule of measured warrants Amount $ Balance at August 31, 2020 14,135,321 Issued in acquisition of Frankly Issued on conversion of convertible debt 1,103,661 Issued in private placement of convertible debt Issued in private placement of units Issued in private placement of units - transaction costs Exercised (2,134,116 ) Change in fair value (9,037,108 ) Foreign exchange 800,945 Balance, August 31, 2021 4,868,703 Amount $ Balance at August 31, 2019 296,795 Issued in acquisition of Frankly 2,157,000 Issued on conversion of convertible debt 5,037,535 Issued in private placement of units 991,709 Exercised (1,345,573 ) Change in fair value 6,189,921 Foreign exchange 807,934 Balance, August 31, 2020 14,135,321
Schedule of outstanding warrants	The following table reflects the continuity of the Company’s outstanding liability measured warrants for the years ended August 31, 2022, and 2021: Schedule of outstanding warrants Weighted-average Number of exercise price warrants CAD # $ Outstanding, August 31, 2020 2,405,369 9.60 Issued on conversion of convertible debt 175,331 7.50 Number of warrants, Issued in private placement of convertible debt Weighted average exercise price, Issued in private placement of convertible debt Number of warrants, Issued in private placement of units Weighted average exercise price, Issued in private placement of units Exercised (901,060 ) 9.27 Expired (226,797 ) 13.43 Outstanding as of August 31, 2021 1,452,843 8.96 Weighted-average Number of exercise price warrants CAD # $ Outstanding, August 31, 2021 1,452,843 8.96 Expired (123,159 ) 9.24 Outstanding as of August 31, 2022 1,329,684 8.93	The following table reflects the continuity of the Company’s outstanding liability measured warrants for the years ended August 31, 2021, and 2020: Schedule of outstanding warrants Weighted-average Number of exercise price warrants CAD # $ Outstanding, August 31, 2020 2,405,369 9.60 Issued on conversion of convertible debt 175,331 7.50 Number of warrants , Issued Weighted average exercise price, Issued Number of warrants, Issued on acquisition of UMG Weighted average exercise price, Issued on acquisition of UMG Number of warrants Weighted average exercise price, Issued in acquisition of Frankly Number of warrants Weighted average exercise price, Issued in private placement of convertible debt Number of warrants Weighted average exercise price, Issued in private placement of units Exercised (901,060 ) 9.27 Expired (226,797 ) 13.43 Outstanding as at August 31, 2021 1,452,843 8.96 Number of Weighted-average exercise price warrants CAD # $ Outstanding, August 31, 2019 29,318 448.50 Issued 1,990,890 8.45 Issued on acquisition of UMG 9,943 174.18 Issued in acquisition of Frankly 1,055,036 9.69 Exercised (654,543 ) 7.50 Expired (25,275 ) 551.26 Outstanding as at August 31, 2020 2,405,369 9.60
Schedule of warrants issued and outstanding	The following table reflects the liability measured warrants issued and outstanding as of August 31, 2022: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average CAD Average remaining December 20, 2022 29,066 27.00 0.30 March 20, 2023 27,777 13.50 0.55 March 30, 2023 46,909 13.50 0.58 March 31, 2023 17,222 13.50 0.58 May 27, 2023 130,304 13.50 0.74 July 8, 2024 445,982 7.50 1.85 July 25, 2024 401,624 7.50 1.90 August 8, 2024 230,800 7.50 1.94 1,329,684 $ 8.93 1.65	The following table reflects the liability measured warrants issued and outstanding as of August 31, 2021: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average exercise price CAD Average remaining contractual life (years) March 13, 2022 123,159 10.50 0.53 December 20, 2022 29,066 27.00 1.30 March 20, 2023 27,777 13.50 1.55 March 30, 2023 46,909 13.50 1.58 March 31, 2023 17,222 13.50 1.58 May 27, 2023 130,304 13.50 1.74 July 8, 2024 445,982 7.50 2.85 July 25, 2024 401,624 7.50 2.90 August 8, 2024 230,800 7.50 2.94 1,452,843 $ 8.96 2.47
USD Exercise Price [member]
IfrsStatementLineItems [Line Items]
Schedule of measured warrants	The following table reflects the continuity of the Company’s equity measured warrants for the years ended August 31, 2022, and 2021. Schedule of measured warrants Amount $ Balance at August 31, 2020 - Issued on conversion of convertible debt 4,256,114 Issued in private placement of convertible debt 618,916 Issued in private placement of units 7,373,806 Issued in private placement of units - transaction costs (582,333 ) Balance, August 31, 2021 11,666,503 Amount $ Balance at August 31, 2021 11,666,503 Beginning Balance 11,666,503 Balance, August 31, 2022 11,666,503 Ending Balance 11,666,503	The following table reflects the continuity of the Company’s equity measured warrants for the year ended August 31, 2021. There were no equity measured warrants outstanding as of August 31, 2020: Schedule of measured warrants Amount $ Balance at August 31, 2020 - Beginning Balance - Issued on conversion of convertible debt 4,256,114 Issued in private placement of convertible debt 618,916 Issued in private placement of units 7,373,806 Issued in private placement of units - transaction costs (582,333 ) Balance, August 31, 2021 11,666,503 Ending Balance 11,666,503
Schedule of outstanding warrants	The following table reflects the continuity of the Company’s outstanding equity measured warrants for the years ended August 31, 2022, and 2021: Schedule of outstanding warrants Weighted-average Number of exercise price warrants USD # $ Outstanding, August 31, 2020 - - Issued on conversion of convertible debt 1,134,305 15.00 Issued in private placement of convertible debt 224,719 15.00 Issued in private placement of units 2,377,272 15.00 Outstanding as of August 31, 2021 3,736,296 15.00 Weighted-average Number of exercise price warrants USD # $ Outstanding, August 31, 2021 3,736,296 15.00 Outstanding as of August 31, 2022 3,736,296 15.00	The following table reflects the continuity of the Company’s outstanding equity measured warrants for the year ended August 31, 2021: Schedule of outstanding warrants Weighted-average Number of exercise price warrants USD # $ Outstanding, August 31, 2020 - - Issued on conversion of convertible debt 1,134,305 15.0 Issued in private placement of convertible debt 224,719 15.00 Issued in private placement of units 2,377,272 15.00 Outstanding as at August 31, 2021 3,736,296 15.00
Schedule of warrants issued and outstanding	The following table reflects the equity measured warrants issued and outstanding as of August 31, 2022: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average exercise price USD Average remaining contractual life (years) November 20, 2022 224,719 15.00 0.22 January 8, 2024 1,868,787 15.00 1.36 January 22, 2024 522,898 15.00 1.39 February 24, 2024 1,058,227 15.00 1.48 August 19, 2024 49,999 15.00 1.97 September 15, 2024 11,666 15.00 2.04 3,736,296 $ 15.00 1.34	The following table reflects the equity measured warrants issued and outstanding as of August 31, 2021: Schedule of warrants issued and outstanding Warrants outstanding Expiry date Number outstanding Average exercise price USD Average remaining contractual life (years) November 20, 2022 224,719 15.00 1.22 January 8, 2024 1,868,787 15.00 2.36 January 22, 2024 522,898 15.00 2.39 February 24, 2024 1,058,227 15.00 2.48 August 19, 2024 49,999 15.00 2.97 September 15, 2024 11,666 15.00 3.04 3,736,296 $ 15.00 2.34

Share capital (Tables)

Share capital (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of classes of share capital [abstract]
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 277,749 1,895,891 Shares issued under shares for services Shares issued under shares for services, shares Common shares issued on exercise of options 20,833 290,558 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 901,060 9,000,851 Shares issued on acquisition of SideQik 386,584 3,962,000 Balance, August 31, 2021 15,543,309 122,741,230 Shares Consideration # $ Balance, August 31, 2021 15,543,309 122,741,230 Shares issued on vesting of RSUs 203,537 1,489,962 Shares issued under shares for services 57,029 666,667 Balance, August 31, 2022 15,803,875 124,897,859	Schedule of shares issued and outstanding Shares Consideration # $ Balance, August 31, 2019 156,438 29,613,406 Impact of share consolidation (114 ) - Shares issued on vesting of RSUs 26,666 159,895 Convertible debt conversion 1,739,615 5,152,023 Private placements, net of costs 502,562 2,694,076 Shares issued for debt conversion 59,654 724,231 Shares issued on acquisition of UMG 288,560 3,804,344 Shares issued on acquisition of Frankly 2,258,215 12,155,000 Shares issued on acquisition of Winview 1,759,997 7,579,000 Shares issued on acquisition of Driver Database (Note 6) 100,000 859,745 Shares issued on acquisition of Lets Go Racing (Note 6) 200,000 1,719,491 Common shares issued on exercise of options Common shares issued on exercise of options (in shares) Common shares issued on private placement, net of costs Common shares issued on private placement, net of costs (in shares) EB bonus shares EB bonus shares (in shares) Shares for debt Shares for debt (in shares) Shares issued on acquisiton of SideQik Shares issued on acquisiton of SideQik (in shares) Common shares issued on exercise of warrants 654,543 4,919,596 Balance, August 31, 2020 7,746,136 69,380,807 Shares Consideration # $ Balance, August 31, 2020 7,746,136 69,380,807 Shares issued on vesting of RSUs 277,749 1,895,891 Common shares issued on exercise of options 20,833 290,558 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 901,060 9,000,851 Shares issued on acquisition of SideQik 386,584 3,962,000 Balance, August 31, 2021 15,543,309 122,741,230
Schedule of private placement	A summary of amounts recorded in connection with private placement and their effect on financial statement line items is noted below: Schedule of private placement Proceeds Shares Impact on share capital Warrants Impact on contributed surplus $ # $ # $ Units issued in private placement 32,788,253 4,371,767 26,185,009 2,185,885 6,603,244 Cash commissions (1,681,477 ) - (1,345,736 ) - (335,741 ) Regulatory and legal fees (89,402 ) - (71,522 ) - (17,880 ) Finders’ units issued - 63,666 383,720 31,833 93,775 Finders’ units considered as transaction costs - - (383,720 ) - (93,775 ) Finders’ warrants issued - - - 159,554 676,787 Finders’ warrants considered as transaction costs - - (541,850 ) - (134,937 ) 31,017,374 4,435,433 24,225,901 2,377,272 6,791,473	A summary of amounts recorded in connection with private placement and their effect on financial statement line items is noted below: Schedule of private placement Proceeds Shares Impact on share capital Warrants Impact on contributed surplus $ # $ # $ Units issued in private placement 32,788,253 4,371,767 26,185,009 2,185,885 6,603,244 Cash commissions (1,681,477 ) - (1,345,736 ) - (335,741 ) Regulatory and legal fees (89,402 ) - (71,522 ) - (17,880 ) Finders’ units issued - 63,666 383,720 31,833 93,775 Finders’ units considered as transaction costs - - (383,720 ) - (93,775 ) Finders’ warrants issued - - - 159,554 676,787 Finders’ warrants considered as transaction costs - - (541,850 ) - (134,937 ) 31,017,374 4,435,433 24,225,901 2,377,272 6,791,473

Stock options (Tables)

Stock options (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Stock Options
Disclosure of detailed information about number and weighted average exercise prices of share options	The following table reflects the continuity of stock options for the years ended August 31, 2022, and 2021: Disclosure 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 487,466 11.77 8.16 Issued on exercise of options (20,833 ) 7.91 4.38 Forfeitures (26,816 ) 27.20 6.51 Balance, August 31, 2021 692,938 11.64 7.06 4.46 Balance, August 31, 2021 692,938 11.64 7.06 4.46 Granted 953,957 1.41 0.75 Forfeitures (503,713 ) 9.76 5.61 Balance, August 31, 2022 1,143,182 3.93 2.43 5.64 Exercisable as of August 31, 2022 555,934 3.89 2.29 5.65	Disclosure of detailed information about number and weighted average exercise prices of share options Weighted-average Number of Exercise Grant-date Remaining # $ $ (yrs.) Balance, Aug. 31, 2019 6,971 166.20 49.86 5.84 Issued on acquisition of UMG 16,606 63.30 2.32 Issued on acquisition of Frankly 64,659 9.22 5.07 Number of stock options Issued on exercise of options Exercise price Issued on exercise of options Grant-date fair value Issued on exercise of options Granted 169,995 7.91 4.38 Expired/Cancelled (5,110 ) 185.97 55.79 Balance, Aug 31, 2020 253,121 12.73 4.39 4.31 Balance, August 31, 2020 253,121 12.73 4.39 4.31 Granted 487,466 11.77 8.16 Issued on exercise of options (20,833 ) 7.91 4.38 Expired/Cancelled (26,816 ) 27.20 6.51 Balance, Aug 31, 2021 692,938 11.64 7.06 4.46 Exerciseable as at Aug 31, 2021 209,950 13.01 4.30 2.35
Disclosure of detailed information about options issued and outstanding	The following tables reflect the stock options issued and outstanding as of August 31, 2022: Disclosure of detailed information about options issued and outstanding Outstanding Weighted Weighted Expiry date options CAD USD (Years) April 1, 2023 47,499 11.25 7.91 0.58 August 25, 2025 340 106.50 76.43 2.99 February 10, 2026 1,338 106.50 76.43 3.45 May 23, 2026 9 106.50 76.43 3.73 June 24, 2026 146,433 15.04 12.21 3.82 July 2, 2026 45,010 15.08 12.21 3.84 August 20, 2026 10,000 7.78 6.05 3.97 March 3, 2027 1,003 106.50 76.43 4.51 November 3, 2027 133 106.50 76.43 5.18 November 7, 2029 30,755 7.50 5.38 7.19 June 14, 2031 10,683 14.20 11.69 8.79 November 23, 2031 10,000 12.45 9.82 9.24 January 31, 2027 15,000 3.90 3.07 4.42 April 12, 2027 100,000 2.87 2.27 4.62 August 10, 2027 100,000 1.47 1.15 4.95 May 26, 2029 624,979 1.49 1.16 6.74 1,143,182 5.01 3.93 5.64	The following tables reflect the stock options issued and outstanding as of August 31, 2021: Disclosure of detailed information about options issued and outstanding Expiry date Outstanding options CAD Weighted average exercise price Weighted average remaining contractual term December 10, 2021 1,564 93.30 71.84 0.28 June 30, 2022 4,428 153.45 118.15 0.83 April 1, 2023 84,165 11.25 7.91 1.58 October 31, 2023 64,997 11.25 7.91 2.17 January 29, 2025 46 106.50 76.43 3.42 August 25, 2025 340 106.50 76.43 3.99 September 23, 2025 11 106.50 76.43 4.07 February 10, 2026 1,443 106.50 76.43 4.45 May 19, 2026 4 106.50 76.43 4.72 May 23, 2026 9 106.50 76.43 4.73 June 24, 2026 375,188 15.04 12.21 4.82 July 1, 2026 10,000 14.87 12.00 4.84 July 2, 2026 57,762 15.08 12.21 4.84 August 20, 2026 32,500 7.78 6.05 4.97 March 3, 2027 1,256 106.50 76.43 5.51 July 31, 2027 159 106.50 76.43 5.92 November 3, 2027 133 106.50 76.43 6.18 November 7, 2029 46,251 7.50 5.38 8.19 April 20, 2030 666 7.05 5.06 8.64 December 2, 2030 1,333 9.50 7.38 9.26 June 14, 2031 10,683 14.20 11.69 9.79 692,938 14.86 11.64 4.46

Restricted share units (Tables)

Restricted share units (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Restricted Share Units
Disclosure of detailed information about restricted stock units outstanding	The Company’s outstanding RSUs are as follows: Disclosure of detailed information about restricted stock units outstanding Number # Balance, August 31, 2020 402,372 Issued on acquisition of SideQik 23,939 Granted 353,467 Vested (277,749 ) Cancelled (11,855 ) Balance, August 31, 2021 490,174 Balance, August 31, 2021 490,174 Granted 1,086,382 Vested (203,537 ) Cancelled (176,808 ) Balance, August 31, 2022 1,196,211	The Company’s outstanding RSUs are as follows: Disclosure of detailed information about restricted stock units outstanding Number # Balance, August 31, 2019 - Issued on acquisition of Frankly 50,037 Granted 379,001 Vested (26,666 ) Cancelled - - Balance, August 31, 2020 402,372 Balance, August 31, 2020 402,372 Issued on acquisition of SideQik 23,939 Granted 353,467 Vested (277,749 ) Cancelled (11,855 ) Balance, August 31, 2021 490,174

Discontinued operations (Tables

Discontinued operations (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
IfrsStatementLineItems [Line Items]
Schedule of discontinued operations		The operating results of the Motorsports Group and PGL Nevada, (together, the “discontinued operations”) for the years ended August 31, 2021, and 2020 are presented as follows: Schedule of discontinued operations For the year ended Aug 31, 2021 Aug 31, 2020 $ $ Revenues Advertising revenue 90,934 562,534 Operating expenses Salaries and wages 212,546 815,304 Consulting 267,933 1,014,940 Professional fees 24,781 219,369 Sponsorships and tournaments 203,637 3,697,046 Advertising and promotion 1,740 30,808 Office and general 7,374 155,464 Technology expenses 86,590 163,534 Amortization and depreciation 201,335 341,668 Share-based payments - - Interest expense 572 1,162 (Gain) loss on foreign exchange 29,535 (16,550 ) Net loss from discontinued operations (945,109 ) (5,860,211 )
Schedule of cash flow in discontinued operation		The net cash flows from discontinued operations for the years ended August 31, 2021, and 2020 are as follows: Schedule of cash flow in discontinued operation For the year months ended Aug 31, 2021 Aug 31, 2020 $ $ Net cash provided by (used in) operating activities (92,652 ) 85,693 Disposal of Motorsports 24,348 - Change in cash (68,304 ) 85,693 Cash, beginning of period 68,304 (17,389 ) Cash, end of period - 68,304
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 of 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 ) Restricted cash - 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
WinView Inc [Member]
IfrsStatementLineItems [Line Items]
Schedule of discontinued operations	Results from the discontinued operations for Winview and the related cash flows are as follows: Schedule of discontinued operations Revenues For the year ended August 31, 2022 (As Restated) August 31, 2021 (As Restated) $ $ Revenues Revenue 135,160 3,543 Operating expenses Salaries and wages 1,882,858 1,449,744 Consulting 945,397 524,971 Professional fees 468,408 584,149 Sponsorships and tournaments 150,512 15,133 Advertising and promotion 416,968 69,592 Office and general 518,540 411,636 Technology expenses 47,809 25,009 Amortization and depreciation 362,572 503,810 Impairment expense 936,562 705,331 Restructuring Costs 226,152 - Interest expense 66,164 46,977 (Gain) loss on foreign exchange (601 ) - Non-operational professional fees 1,613,831 846,475 Net income (loss) from discontinued operations (7,500,012 ) (5,179,284 )
Schedule of cash flow in discontinued operation	Schedule of cash flow in discontinued operation Net cash provided by (used in) operating activities 78,772 1,097,635 For the year ended August 31, 2022 August 31, 2021 Net cash provided by (used in) operating activities 78,772 1,097,635 Disposal of Motorsports Net cash used in financing activities (110,906 ) (1,054,503 ) Change in cash (32,134 ) 43,132 Cash, beginning of period 52,746 9,614 Cash, end of period 20,612 52,746
UMG [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 Revenues For the year ended August 31, 2022 (As Restated) August 31, 2021 (As Restated) $ $ Revenues Revenue 596,126 449,857 Operating expenses Salaries and wages 1,119,786 1,024,732 Consulting - - Professional fees (6,227 ) 253,147 Sponsorships and tournaments 713,031 420,537 Advertising and promotion 23,790 17,869 Office and general 97,666 145,866 Technology expenses 82,189 153,312 Amortization and depreciation 140,237 338,475 Impairment expense 457,514 385,231 Restructuring Costs 81,394 - Interest expense 14,553 36,107 (Gain) loss on foreign exchange 19,974 (15,733 ) Net income (loss) from discontinued operations (2,147,781 ) (2,309,686 )
Schedule of cash flow in discontinued operation	Schedule of cash flow in discontinued operation Net cash provided by (used in) operating activities 6,491 438,394 For the year ended August 31, 2022 August 31, 2021 Net cash provided by (used in) operating activities 6,491 438,394 Net cash used in financing activities (72,409 ) (86,117 ) Change in cash (65,918 ) 352,277 Cash, beginning of period 175,296 (176,981 ) Cash, end of period 109,378 175,296
Schedule of loss on disposal	Consideration transferred for the sale of UMG Games sales and the resulting gain on disposal was as follows: Schedule of loss on disposal Amount $ Consideration received or receivable: Cash consideration 100 Deferred cash consideration 262,000 Total disposal consideration 262,100 Carrying amount of net assets sold (4,550 ) Gain on disposal of UMG Assets 257,550
Schedule of net asset	The net assets of UMG (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 and cash equivalents Restricted cash Accounts and other receivables Government remittances Prepaid expenses and other Right-of-use assets Intangible assets Goodwill Property and equipment 27,931 Total assets of disposal group 27,931 Carrying amount of liabilities directly associated with assets as at the date of sale: Long-term debt, current Lease obligation, current Accrued liabilities Accounts payable Players liability account 23,381 Total liabilities of disposal group 23,381 Net assets of disposal group 4,550
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 Revenues For the year ended August 31, 2022 August 31, 2021 $ $ Revenues Revenue 4,759,711 3,422,202 Operating expenses Salaries and wages 2,113,180 3,384,577 Consulting 796,570 966,372 Office and general 265,125 565,340 Amortization and depreciation 224,349 1,377,550 Share-based payments (93 ) (49 ) Interest expense 7,145 41,639 (Gain) loss on foreign exchange 39,350 (135,976 ) Net income (loss) from discontinued operations 1,314,085 (2,777,251 )
Schedule of cash flow in discontinued operation	Schedule of cash flow in discontinued operation Net cash provided by (used in) operating activities 509,166 444,640 For the year ended August 31, 2022 August 31, 2021 $ $ Net cash provided by (used in) operating activities 509,166 444,640 Disposal of Eden (647,187 ) - Net cash used in financing activities (132,550 ) (281,647 ) Change in cash (270,571 ) 162,993 Cash, beginning of period 270,571 107,578 Cash, end of period - 270,571
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 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 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 of 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 ) Restricted cash - 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
Motorsports Group And P G L Nevada [Member]
IfrsStatementLineItems [Line Items]
Schedule of discontinued operations	Results of discontinued operations for the Motorsports Group and PGL Nevada, (together, the “discontinued operations”) and the related cash flows are as follows: Schedule of discontinued operations Revenues For the year ended August 31, 2022 August 31, 2021 $ $ Revenues Revenue - 90,934 Operating expenses Salaries and wages - 212,546 Consulting - 267,933 Professional fees - 24,781 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 5,256 29,535 Gain on extinguishment of liabilities (1,105,023 ) - Net income (loss) from discontinued operations 1,099,767 (945,109 )
Schedule of cash flow in discontinued operation	Schedule of cash flow in discontinued operation Net cash provided by (used in) operating activities - (92,652 ) For the year ended August 31, 2022 August 31, 2021 $ $ Net cash provided by (used in) operating activities - (92,652 ) Disposal of Motorsports - 24,348 Change in cash - (68,304 ) Cash, beginning of period - 68,304 Cash, end of period - -

Segmented information (Tables)

Segmented information (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Disclosure of operating segments [abstract]
Schedule of segment reporting	The following is an analysis of the Company’s revenue and results by reportable segment in fiscal 2022: Schedule of segment reporting Gaming (As Media (As Corporate Total $ $ $ $ Revenue External sales 1,906,137 39,976,476 - 41,882,613 Results Segment loss (706,527 ) (11,202,185 ) - (11,908,712 ) Central administration costs - - 9,788,532 9,788,532 Other gains and losses (6,490 ) 186,247 (10,312,246 ) (10,132,489 ) Finance costs 57 1,193 728,598 729,848 Income (loss) before tax (700,094 ) (11,389,625 ) (204,884 ) (12,294,603 ) Income tax - - - - Gain (Loss) for the period from: Share of net loss of associate Discontinued operations (6,578,152 ) - 14,535,910 7,957,758 Non-controlling interest in net loss - - (65,219 ) (65,219 ) Net income (loss) (7,278,246 ) (11,389,625 ) 14,265,807 (4,402,064 ) Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 The following is an analysis of the Company’s revenue and results by reportable segment in fiscal 2021: Gaming (As Media (As Corporate Total (As $ $ $ $ Revenue External sales 1,401,981 31,943,287 - 33,345,268 Results Segment loss 849,721 (7,583,018 ) - (6,733,297 ) Central administration costs - - 9,733,244 9,733,244 Other gains and losses 140,545 4,280,597 6,576,302 10,997,444 Finance costs (60 ) 512,937 762,121 1,274,998 Loss before tax 709,236 (12,376,552 ) (17,071,667 ) (28,738,983 ) Income tax - - - - Gain (Loss) for the period from: Share of net loss of associate - - (103,930 ) (103,930 ) Discontinued operations (11,211,330 ) - (678,931 ) (11,890,261 ) Non-controlling interest in net loss - - 74,006 74,006 Net loss (10,502,094 ) (12,376,552 ) (17,780,522 ) (40,659,168 ) Segment loss - Segment loss includes total revenue less operating expenses including the following: salaries and wages, consulting, professional fees, revenue sharing expense, advertising and promotion, office and general, technology expenses, amortization and depreciation and share based payments. Central administration costs - Central administration costs include corporate operating expenses including the following: salaries and wages, consulting, professional fees, advertising and promotion, office and general, technology expenses, amortization and depreciation and share based payments. Other gains and losses - Other gains and losses includes gain / loss on foreign exchange, loss on extinguishment of debt, gain on retained interest in former associate, transaction costs, arbitration settlement reserve, impairment expense, restructuring costs, change in fair value of investment at FVTPL, change in fair value of warrant liability and change in fair value of convertible debt. Finance costs - Finance costs include interest expense. Geographical breakdown North (As Restated) European Total (As Restated) $ $ $ August 31, 2021 Assets 54,682,324 2,519,798 57,202,122 Long-term assets 25,535,516 108,924 25,644,440 August 31, 2022 Assets 41,364,112 1,146,503 42,510,615 Long-term assets 20,451,714 - 20,451,714	The following is an analysis of the Company’s revenue and results by reportable segment in fiscal 2021: Schedule of segment reporting Gaming (As Restated) Media (As Restated) Corporate Total (As Restated) $ $ $ $ Revenue External sales 5,277,583 31,943,287 - 37,220,870 Results Segment loss (7,506,449 ) (7,583,018 ) - (15,089,467 ) Central administration costs - - 9,733,244 9,733,244 Other gains and losses 1,925,873 4,280,597 6,576,302 12,782,772 Finance costs 124,663 512,937 762,121 1,399,721 Loss before tax (9,556,985 ) (12,376,552 ) (17,071,667 ) (39,005,204 ) Income tax - - - - Gain (Loss) for the year from: Share of net loss of associate - - (103,930 ) (103,930 ) Discontinued operations (945,109 ) - (678,931 ) (1,624,040 ) Non-controlling interest in net loss - - 74,006 74,006 Net loss (10,502,094 ) (12,376,552 ) (17,780,522 ) (40,659,168 ) Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) The following is an analysis of the Company’s revenue and results by reportable segment in fiscal 2020: Gaming (As Restated) Media Corporate Total (As Restated) $ $ $ $ Revenue External sales 4,140,731 6,404,736 376 10,545,843 Results Segment loss (4,733,518 ) (833,891 ) 376 (5,567,033 ) Central administration costs 9,691,639 9,691,639 Other gains and losses 10,448,799 (14,011 ) 10,276,041 20,710,829 Finance costs 102,596 241,520 564,650 908,766 Loss before tax (15,284,913 ) (1,061,400 ) (20,531,954 ) (36,878,267 ) Income tax - - - - Gain (Loss) for the year from: Discontinued operations (5,859,384 ) - (827 ) (5,860,211 ) Non-controlling interest in net loss - - 76,066 76,066 Net loss (21,144,297 ) (1,061,400 ) (20,456,715 ) (42,662,412 ) Geographical breakdown North (As Restated) United European Total (As Restated) $ $ $ $ August 31, 2020 Assets 37,908,431 2,896,583 2,288,092 43,093,106 Long-term assets 27,342,377 2,507,761 1,067,495 30,917,633 August 31, 2021 Assets 54,682,324 - 2,519,798 57,202,122 Long-term assets 25,535,516 - 108,924 25,644,440

Related party transactions an_2

Related party transactions and balances (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Related party transactions [abstract]
Schedule of compensation award to key management	Schedule of compensation award to key management $ $ For the year ended August 31, 2022 August 31, 2021 $ $ Total compensation paid to key management 1,390,598 2,231,871 Share based payments 963,295 1,897,855	Schedule of compensation award to key management Aug 31, 2021 Aug 31, 2020 For the year ended Aug 31, 2021 Aug 31, 2020 $ $ Total compensation paid to key management 2,231,871 929,958 Share based payments 1,897,855 1,409,569

Financial instruments and ris_2

Financial instruments and risk management (Tables)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Financial Instruments And Risk Management
Schedule of 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 August 31, 2022: Schedule of trade accounts receivable and allowance for doubtful accounts Current 0 - 30 31 - 60 61 - 90 91+ Total Trade accounts receivable 6,805,057 202,359 428,098 305,056 2,010,049 9,750,619 Allowance for doubtful accounts 12,753 3,577 17,423 9,790 1,312,095 1,355,638 % Allowance 2 % 4 % 3 % 65 % 14 %	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 August 31, 2021: Schedule of trade accounts receivable and allowance for doubtful accounts 0 - 30 31 - 60 61 - 90 91+ Total Trade accounts receivable 7,376,270 210,815 265,377 1,825,263 9,677,725 Allowance for doubtful accounts 3,000 1,500 1,500 1,078,305 1,084,305 % Allowance 0 % 1 % 1 % 59 % 11 %
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 $ $ Accounts payable 12,772,375 - Accrued liabilities 3,756,758 - Players liability account 47,455 - Promissory notes payable 771,762 - Convertible debt 2,267,367 4,983,236	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 10,403,665 - - Accrued liabilities 5,722,470 - - Players liability account 331,528 - - Lease obligation 222,583 364,968 - Long-term debt 96,664 - - Promissory notes payable 821,948 - - Convertible debt 914,428 2,097,127 6,939,941
Schedule of fair value measurement	Schedule of fair value measurement For the year ended August 31, 2022: Carrying value at August 31, 2022 FVTPL - Amortized $ $ Financial assets: Cash - 8,601,706 Restricted cash - 47,455 Accounts and other receivables - 8,404,009 Government remittances - 874,334 Publisher advance 1,490,648 - Promissory notes receivable 576,528 - Investment at FVTPL 2,629,851 - Financial assets 4,697,027 17,927,504 Engine Gaming and Media, Inc. Notes to the Consolidated Financial Statements August 31, 2022 and 2021 Carrying value at August 31, 2022 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 12,772,375 Accrued liabilities - - 3,756,758 Players liability account - - 47,455 Long-term debt - - - Promissory notes payable - - 771,762 Warrant liability 49,894 - - Convertible debt - 7,250,603 - Financial liabilities 49,894 7,250,603 17,348,350 For the year ended August 31, 2021: 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 7,164,069 25,354,547 Carrying value at August 31, 2021 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 10,403,667 Accrued liabilities - - 5,722,470 Players liability account - - 331,528 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 9,951,496 17,376,277	For the year ended August 31, 2021: Schedule of fair value measurement Carrying value at August 31, 2021 FVTPL - FVOCI - FVOCI - Amortized $ $ $ $ Financial assets: Cash and cash equivalents - - - 15,305,996 Restricted cash - - - 331,528 Accounts and other receivables - - - 8,646,807 Government remittances - - - 1,070,216 Publisher advance - - - 4,534,218 Investment at FVTPL 2,629,851 - - - Financial Assets 2,629,851 - - 29,888,765 Carrying value at August 31, 2021 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 10,403,667 Accrued liabilities - - 5,722,470 Players liability account - - 331,528 Line of credit - - - Long-term debt - - 96,664 Promissory notes payable - - 821,948 Deferred purchase consideration - - - Warrant liability 4,868,703 - - Convertible debt - 9,951,496 - Financial Liabilities 4,868,703 9,951,496 17,376,277 Engine Gaming and Media, Inc. (formerly Engine Media Holdings, Inc.) Notes to the Consolidated Financial Statements August 31, 2021 and 2020 (Expressed in United States Dollars) For the year ended August 31, 2020: Carrying value at August 31, 2020 FVTPL - FVOCI - FVOCI - Amortized $ $ $ $ Financial assets: Cash and cash equivalents - - - 5,243,278 Restricted cash - - - 388,587 Accounts and other receivables - - - 3,845,890 Government remittances - - - 1,125,912 Publisher advance - - - - Investment at FVTPL - - - - Financial assets - - - 10,603,667 Carrying value at August 31, 2020 FVTPL - FVTPL - Amortized $ $ $ Financial liabilities: Accounts payable - - 12,455,214 Accrued liabilities - - 4,689,131 Players liability account - - 388,587 Line of credit - - 4,919,507 Long-term debt - - 230,932 Promissory notes payable - - 3,818,920 Deferred purchase consideration - - 333,503 Warrant liability 14,135,321 - - Convertible debt - 10,793,459 - Financial liabilities 14,135,321 10,793,459 26,835,794
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 of $ $ $ $ Warrant liability - 49,894 - 49,894 Convertible debt - - 7,250,603 7,250,603 Publisher advance - - 1,490,648 1,490,648 Promissory notes receivable - - 576,528 576,528 Investment at FVTPL - - 2,629,851 2,629,851 Level 1 Level 2 Level 3 Fair value as of $ $ $ $ Warrant liability - 4,868,703 - 4,868,703 Convertible debt - - 9,951,496 9,951,496 Publisher advance - - 4,534,218 4,534,218 Promissory notes receivable - - - - Investment at FVTPL - - 2,629,851 2,629,851	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 $ $ $ $ Warrant liability - 4,868,703 - 4,868,703 Convertible debt - - 9,951,496 9,951,496 Investment at FVTPL - 2,629,851 2,629,851 Level 1 Level 2 Level 3 Fair value $ $ $ $ Warrant liability - 14,135,321 - 14,135,321 Convertible debt - - 10,793,459 10,793,459

Corporate information and goi_2

Corporate information and going concern (Details Narrative) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Corporate Information And Going Concern
Cumulative deficit	$ 127,477,764	$ 123,075,700	$ 82,416,532
Working capital deficiency	$ 233,920	$ 937,586	$ 29,663,545

Schedule of material subsidiari

Schedule of material subsidiaries (Details)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Frankly Inc. [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary	Frankly Inc.	Frankly Inc.
Country of incorporation	Canada	Canada
Ownership percentage	100%	100%
Functional currency	Canadian Dollar	Canadian Dollar
Stream Hatchet S.L. [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary	Stream Hatchet S.L.	Stream Hatchet S.L.
Country of incorporation	Spain	Spain
Ownership percentage	100%	100%
Functional currency	Euro	Euro
SideQik, Inc. [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary	SideQik, Inc.	SideQik, Inc.
Country of incorporation	USA	USA
Ownership percentage	100%	100%
Functional currency	US Dollar	US Dollar
U M G Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary		UMG Media Ltd.
Country of incorporation		Canada
Ownership percentage		100%
Functional currency		Canadian Dollar
Eden Games SA [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary		Eden Games S.A.
Country of incorporation		France
Ownership percentage		96%
Functional currency		Euro
WinView Inc [Member]
IfrsStatementLineItems [Line Items]
Name of subsidiary		WinView, Inc.
Country of incorporation		USA
Ownership percentage		100%
Functional currency		US Dollar

Disclosure of restatement previ

Disclosure of restatement previously reported financial statements (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Non-Current
Goodwill	$ 15,200,188	$ 15,594,929	$ 15,576,762
Intangible assets	2,483,170	5,121,711	12,328,996
Total Non-Current	20,451,714	25,644,440	30,917,633
Total assets	42,510,615	57,202,122	43,093,106
SHAREHOLDERS’ EQUITY (DEFICIENCY)
Deficit	(127,477,764)	(123,075,700)	(82,416,532)
Total Shareholders’ Equity (Deficiency), before non-controlling interest	15,702,398	15,161,438	(10,276,463)
Total equity	15,702,398	15,304,817	(10,059,078)	$ (7,667,182)
Total liabilities and equity	42,510,615	57,202,122	43,093,106
Amortization and depreciation	1,008,383	1,084,203	3,439,510
Impairment expense		4,319,855	3,652,199
Impairment of goodwill and intangibles			10,432,234
Total	54,177,216	62,084,251	47,424,110
Net loss for the year before taxes	(12,294,603)	(28,842,913)	(36,878,267)
DISCONTINUED OPERATIONS
Loss from discontinued operations	(7,233,941)	(11,211,330)	(5,860,211)
Net income (loss) for the year from discontinued operations	7,957,758	(11,890,261)
Net loss for the year	(4,336,845)	(40,733,174)	(42,738,478)
Net loss attributable to owners of the Company	(4,402,064)	(40,659,168)	(42,662,412)
OTHER COMPREHENSIVE INCOME (LOSS)
Comprehensive loss for the year	$ (4,008,136)	$ (40,648,918)	$ (43,663,515)
INCOME (LOSS) PER SHARE
Basic loss per share - continuing operations	$ (0.79)	$ (2.42)	$ (12.48)
Basic income (loss) per share - discontinued operations	0.51	(1)	(1.99)
Basic loss per share	(0.28)	(3.42)	(14.46)
Diluted loss per share	$ (0.28)	$ (3.42)	$ (14.46)
Previously stated [member]
Non-Current
Goodwill	$ 15,200,188	$ 18,495,121	$ 18,785,807
Intangible assets	2,667,363	12,482,244	19,442,322
Total Non-Current	20,635,907	35,905,165	41,240,004
Total assets	42,694,808	67,462,847	53,415,477
SHAREHOLDERS’ EQUITY (DEFICIENCY)
Deficit	(127,293,571)	(112,814,973)	(72,094,162)
Total Shareholders’ Equity (Deficiency), before non-controlling interest	15,886,591	25,422,165	45,907
Total equity	15,886,591	25,565,544	263,292
Total liabilities and equity	42,694,808	67,462,847	53,415,477
Amortization and depreciation	1,242,383	1,112,863	3,549,374
Impairment expense	3,873,000
Impairment of goodwill and intangibles
Total	58,284,217	57,793,056	37,101,740
Net loss for the year before taxes	(16,401,604)	(24,551,718)	(26,555,897)
DISCONTINUED OPERATIONS
Loss from discontinued operations	(13,203,474)	(15,564,168)
Net income (loss) for the year from discontinued operations	1,988,225	(16,243,099)
Net loss for the year	(14,413,379)	(40,794,817)	(32,416,108)
Net loss attributable to owners of the Company	(14,478,598)	$ (40,720,811)	(32,340,042)
OTHER COMPREHENSIVE INCOME (LOSS)
Comprehensive loss for the year	$ (14,084,670)		$ (33,341,145)
INCOME (LOSS) PER SHARE
Basic loss per share - continuing operations	$ (1.05)	$ (2.06)	$ (8.98)
Basic income (loss) per share - discontinued operations	0.13	(1.37)	(1.99)
Basic loss per share	(0.93)	(3.43)	(10.96)
Diluted loss per share	$ (0.93)	$ (3.43)	$ (10.96)
Increase (decrease) due to changes in accounting policy and corrections of prior period errors [member]
Non-Current
Goodwill		$ (2,900,192)	$ (3,209,045)
Intangible assets	(184,193)	(7,360,533)	(7,113,326)
Total Non-Current	(184,193)	(10,260,725)	(10,322,371)
Total assets	(184,193)	(10,260,725)	(10,322,371)
SHAREHOLDERS’ EQUITY (DEFICIENCY)
Deficit	(184,193)	(10,260,727)	(10,322,370)
Total Shareholders’ Equity (Deficiency), before non-controlling interest	(184,193)	(10,260,727)	(10,322,370)
Total equity	(184,193)	(10,260,727)	(10,322,370)
Total liabilities and equity	(184,193)	(10,260,725)	(10,322,371)
Amortization and depreciation	(234,000)	(28,660)	(109,864)
Impairment expense	(3,873,000)	4,319,855
Impairment of goodwill and intangibles			10,432,234
Total	(4,107,001)	4,291,195	10,322,370
Net loss for the year before taxes	4,107,001	(4,291,195)	(10,322,370)
DISCONTINUED OPERATIONS
Loss from discontinued operations	5,969,533	4,352,838
Net income (loss) for the year from discontinued operations	5,969,533	4,352,838
Net loss for the year	10,076,534	61,643	(10,322,370)
Net loss attributable to owners of the Company	10,076,534	$ 61,643	(10,322,370)
OTHER COMPREHENSIVE INCOME (LOSS)
Comprehensive loss for the year	$ 10,076,534		$ (10,322,370)
INCOME (LOSS) PER SHARE
Basic loss per share - continuing operations	$ 0.26	$ (0.36)	$ (3.50)
Basic income (loss) per share - discontinued operations	0.38	0.37
Basic loss per share	0.64	0.01	(3.50)
Diluted loss per share	$ 0.64	$ 0.01	$ (3.50)
As Previously Reported [Member]
SHAREHOLDERS’ EQUITY (DEFICIENCY)
Amortization and depreciation		$ 4,891,097
Impairment of goodwill and intangibles		3,885,001
Total		76,287,717
Net loss for the year before taxes		(39,170,777)
DISCONTINUED OPERATIONS
Net loss for the year		(40,794,817)
Net loss attributable to owners of the Company		(40,720,811)
OTHER COMPREHENSIVE INCOME (LOSS)
Comprehensive loss for the year		$ (40,710,561)
INCOME (LOSS) PER SHARE
Basic loss per share - continuing operations		$ (3.29)
Basic income (loss) per share - discontinued operations		$ (0.14)
Previously Reported Adjustments [Member]
SHAREHOLDERS’ EQUITY (DEFICIENCY)
Amortization and depreciation		$ (1,587,059)
Impairment of goodwill and intangibles		1,525,416
Total		(61,643)
Net loss for the year before taxes		61,643
DISCONTINUED OPERATIONS
Net loss for the year		61,643
Net loss attributable to owners of the Company		61,643
OTHER COMPREHENSIVE INCOME (LOSS)
Comprehensive loss for the year		$ 61,643
INCOME (LOSS) PER SHARE
Basic loss per share - continuing operations		$ 0.01
Basic income (loss) per share - discontinued operations
As Previously Restated [Member]
SHAREHOLDERS’ EQUITY (DEFICIENCY)
Amortization and depreciation		$ 3,304,038
Impairment of goodwill and intangibles		5,410,417
Total		76,226,074
Net loss for the year before taxes		(39,109,134)
DISCONTINUED OPERATIONS
Net loss for the year		(40,733,174)
Net loss attributable to owners of the Company		(40,659,168)
OTHER COMPREHENSIVE INCOME (LOSS)
Comprehensive loss for the year		$ (40,648,918)
INCOME (LOSS) PER SHARE
Basic loss per share - continuing operations		$ (3.29)
Basic income (loss) per share - discontinued operations		$ (0.14)

Schedule of estimated useful li

Schedule of estimated useful lives of property, plant and equipment (Details)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Computer equipment [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	3 years	3 years
Furniture and Fixtures [Member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	5 years	5 years
Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives, description	Term of the lease, plus one renewal	Term of the lease, plus one renewal

Schedule of useful lives of int

Schedule of useful lives of intangibles (Details)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021
Computer software [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of the intangibles	3 years	3 years
Computer software [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of the intangibles	5 years	5 years
Brand names [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of the intangibles	1 year	1 year
Brand names [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of the intangibles	20 years	20 years
Customer-related intangible assets [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of the intangibles	1 year	1 year
Customer-related intangible assets [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Useful lives of the intangibles	10 years	10 years
Copyrights, patents and other industrial property rights, service and operating rights [member]
IfrsStatementLineItems [Line Items]
Useful lives of the intangibles	5 years	5 years
Application Platforms [Member]
IfrsStatementLineItems [Line Items]
Useful lives of the intangibles	3 years	3 years

Schedule of assets and liabilit

Schedule of assets and liabilities assumed in acquisition (Details) - USD ($)				12 Months Ended
	Jul. 02, 2021	May 08, 2020	Dec. 31, 2019	Aug. 31, 2021	Aug. 31, 2020	Apr. 30, 2020
IfrsStatementLineItems [Line Items]
Fair value of identifiable assets acquired						$ 1,200,000
SideQik, Inc. [Member]
IfrsStatementLineItems [Line Items]
Fair value of identifiable assets acquired	$ 4,207,000
Cash	255,852
Accounts and other receivables	817,557
Prepaid and other current assets	69,631
Property and equipment	12,730
Intangible assets - Software	910,000
Intangible assets - Brand	210,000
Intangible assets - Customer relationships	310,000
Goodwill	2,900,193
Accounts payable	(292,571)
Accrued liabilities	(502,392)
Deferred revenue	$ (484,000)
U M G Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in stock			288,560
Fair value of identifiable assets acquired			$ 3,846,223
Cash			(82,528)
Accounts and other receivables			76,052
Prepaid and other current assets			88,877
Property and equipment			313,622
Intangible assets - Brand			510,000
Intangible assets - Customer relationships			460,000
Goodwill			3,209,045
Deferred revenue			(64,466)
Restricted cash			112,901
Right-of-use asset			388,996
Intangible assets - Application platforms			560,000
Consideration paid in stock			(761,766)
Lease liabilities			(420,863)
Players liability account			(112,902)
Promissory notes			$ (430,745)
Frankly Inc. [Member]
IfrsStatementLineItems [Line Items]
Fair value of identifiable assets acquired		$ 13,212,001
Cash		1,241,511
Accounts and other receivables		5,368,562
Prepaid and other current assets		444,690
Property and equipment		40,152
Intangible assets - Software		2,000,000
Intangible assets - Brand		100,000
Intangible assets - Customer relationships		2,700,000
Goodwill		14,895,595
Deferred revenue		(148,949)
Consideration paid in stock		(9,590,547)
Line of credit		(3,839,013)
WinView Inc [Member]
IfrsStatementLineItems [Line Items]
Fair value of identifiable assets acquired		7,579,000
Cash		359,190
Prepaid and other current assets		174,313
Deferred revenue		(87,182)
Restricted cash		201,540
Consideration paid in stock		(699,053)
Players liability account		(201,540)
Promissory notes		(1,423,738)
Intangible assets - Patents		9,430,265
Government grants - PPP Loan		$ (174,795)
Issued capital [member]
IfrsStatementLineItems [Line Items]
Consideration paid in stock				386,584	288,560
Issued capital [member] | SideQik, Inc. [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in stock	386,584
Common shares	$ 3,962,000
Issued capital [member] | U M G Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in stock			288,560
Common shares			$ 3,804,344
Issued capital [member] | Frankly Inc. [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in stock		2,258,215
Common shares		$ 12,155,000
Issued capital [member] | WinView Inc [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in stock			1,759,997
Common shares		$ 7,579,000
RSUs [member] | SideQik, Inc. [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in stock	23,939
Common shares	$ 245,000
RSUs	$ 245,000
Options And Warrants [Member] | U M G Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in stock			26,553
Options and warrants exchanged			$ 41,879
Warrants [member] | Frankly Inc. [Member]
IfrsStatementLineItems [Line Items]
Consideration paid in stock		1,055,036
Warrants exchanged		$ 2,157,000
Settlement Of Pre Existing Relationship [Member] | Frankly Inc. [Member]
IfrsStatementLineItems [Line Items]
Settlement of a pre-existing relationship		$ (1,099,999)

Schedule of assets and liabil_2

Schedule of assets and liabilities assumed in acquisition (Details) (Parenthetical)				12 Months Ended
	Jul. 02, 2021	May 08, 2020	Dec. 31, 2019	Aug. 31, 2022	Aug. 31, 2021
Application Platforms [Member]
IfrsStatementLineItems [Line Items]
Useful life				3 years	3 years
SideQik, Inc. [Member] | Software [member]
IfrsStatementLineItems [Line Items]
Useful life	5 years
SideQik, Inc. [Member] | Brand names [member]
IfrsStatementLineItems [Line Items]
Useful life	10 years			10 years	10 years
SideQik, Inc. [Member] | Customer list [member]
IfrsStatementLineItems [Line Items]
Useful life	10 years
U M G Media Ltd [Member] | Brand names [member]
IfrsStatementLineItems [Line Items]
Useful life			6 years
Useful life			6 years
U M G Media Ltd [Member] | Customer list [member]
IfrsStatementLineItems [Line Items]
Useful life			3 years
Useful life			3 years
U M G Media Ltd [Member] | Application Platforms [Member]
IfrsStatementLineItems [Line Items]
Useful life			5 years
Useful life			5 years
Frankly Inc. [Member] | Software [member]
IfrsStatementLineItems [Line Items]
Useful life		3 years
Frankly Inc. [Member] | Brand names [member]
IfrsStatementLineItems [Line Items]
Useful life		1 year
Frankly Inc. [Member] | Customer list [member]
IfrsStatementLineItems [Line Items]
Useful life		10 years
WinView Inc [Member] | Patent [Member]
IfrsStatementLineItems [Line Items]
Useful life		5 years

Acquisitions (Details Narrative

Acquisitions (Details Narrative)

2 Months Ended

4 Months Ended

8 Months Ended

12 Months Ended

Jul. 02, 2021 shares

Jun. 03, 2020 USD ($) shares

Jun. 03, 2020 EUR (€) shares

May 08, 2020 USD ($) shares

Apr. 02, 2020 USD ($)

Dec. 31, 2019 USD ($) shares

Aug. 31, 2021 USD ($)

Aug. 31, 2020 USD ($)

Aug. 31, 2020 USD ($)

Aug. 31, 2022 USD ($)

Aug. 31, 2021 USD ($)

Aug. 31, 2020 USD ($)

IfrsStatementLineItems [Line Items]

Revenue

$ 41,882,613

$ 33,345,268

$ 10,545,843

Tax rate

26.50%

26.50%

26.50%

Goodwill

$ 15,594,929

$ 15,576,762

$ 15,576,762

$ 15,200,188

$ 15,594,929

$ 15,576,762

Application Platforms [Member]

IfrsStatementLineItems [Line Items]

Useful lives of the intangibles

3 years

3 years

SideQik, Inc. [Member]

IfrsStatementLineItems [Line Items]

Consideration shares in exchange | shares

386,584

Loss attributed

383,167

$ 1,130,080

Revenue

412,981

$ 2,148,987

$ 2,148,987

Lock-up restrictions, description

The Company common shares issued for the acquisition of SideQik were subject to lock-up restrictions to be discharged 16 2/3% at 180 days from the closing date, and thereafter another 16 2/3% on the 15th of each subsequent month with the restriction being fully liquidated at the end of the 12th month. The Company’s common shares issued were valued based on the closing price on TSX Venture exchange on July 2, 2021, reduced by a discount for lack of marketability of fifteen percent

The Company common shares issued for the acquisition of SideQik were subject to lock-up restrictions to be discharged 16 2/3% at 180 days from the closing date, and thereafter another 16 2/3% on the 15th of each subsequent month with the restriction being fully liquidated at the end of the 12th month. The Company’s common shares issued were valued based on the closing price on TSX Venture exchange on July 2, 2021, reduced by a discount for lack of marketability of fifteen percent.

Goodwill

$ 2,900,193

$ 2,900,193

$ 2,900,193

SideQik, Inc. [Member] | Computer software [member]

IfrsStatementLineItems [Line Items]

Royalty rate

7.50%

7.50%

Tax rate

25.50%

25.50%

Acquisition discount rate

20%

20%

20%

Useful lives of the intangibles

5 years

5 years

SideQik, Inc. [Member] | Brand names [member]

IfrsStatementLineItems [Line Items]

Royalty rate

0.50%

0.50%

Tax rate

25.50%

25.50%

Acquisition discount rate

20%

20%

20%

Useful lives of the intangibles

10 years

10 years

10 years

Long term growth rate

3%

3%

3%

SideQik, Inc. [Member] | Customer-related intangible assets [member]

IfrsStatementLineItems [Line Items]

Tax rate

25.50%

25.50%

Acquisition discount rate

22%

22%

22%

Useful lives of the intangibles

10 years

10 years

Long term growth rate

3%

3%

3%

Customer attrition rate

15%

15%

15%

SideQik, Inc. [Member] | Customer list [member]

IfrsStatementLineItems [Line Items]

Useful lives of the intangibles

10 years

SideQik, Inc. [Member] | Restricted stock units [member]

IfrsStatementLineItems [Line Items]

Consideration shares in exchange | shares

23,939

U M G Media Ltd [Member]

IfrsStatementLineItems [Line Items]

Loss attributed

1,875,539

3,519,046

Revenue

$ 314,948

491,323

Goodwill

$ 3,209,045

Exchange ratio

0.0643205

Consideration paid in stock | shares

288,560

U M G Media Ltd [Member] | U M G Private Placement [Member]

IfrsStatementLineItems [Line Items]

Consideration shares in exchange | shares

54,157

U M G Media Ltd [Member] | Brand names [member]

IfrsStatementLineItems [Line Items]

Royalty rate

2%

Acquisition discount rate

18.50%

Useful lives of the intangibles

6 years

Long term growth rate

3%

Customer list useful life

6 years

U M G Media Ltd [Member] | Application Platforms [Member]

IfrsStatementLineItems [Line Items]

Royalty rate

7%

Acquisition discount rate

17.50%

Useful lives of the intangibles

5 years

Customer list useful life

5 years

U M G Media Ltd [Member] | Customer list [member]

IfrsStatementLineItems [Line Items]

Acquisition discount rate

16.50%

Useful lives of the intangibles

3 years

Customer list useful life

3 years

Time to recreate period

1 year 6 months

Obsolescence rate

10%

Frankly Inc. [Member]

IfrsStatementLineItems [Line Items]

Consideration shares in exchange | shares

2,258,215

Loss attributed

2,266,289

8,350,289

Revenue

6,404,736

23,165,702

Frankly Inc. [Member] | Computer software [member]

IfrsStatementLineItems [Line Items]

Royalty rate

3%

Acquisition discount rate

18%

Useful lives of the intangibles

3 years

Technology replacement duration

5 years

Frankly Inc. [Member] | Brand names [member]

IfrsStatementLineItems [Line Items]

Useful lives of the intangibles

1 year

Frankly Inc. [Member] | Customer list [member]

IfrsStatementLineItems [Line Items]

Useful lives of the intangibles

10 years

Frankly Inc. [Member] | Customer Contract [Member]

IfrsStatementLineItems [Line Items]

Acquisition discount rate

21.50%

Useful lives of the intangibles

10 years

Long term growth rate

3%

Customer attrition rate

10%

Goodwill

$ 14,895,595

WinView Inc [Member]

IfrsStatementLineItems [Line Items]

Consideration shares in exchange | shares

1,759,997

Loss attributed

1,557,248

6,034,836

Revenue

$ 51,422

$ 68,813

Lock-up restrictions, description

The Company common shares issued for the acquisition of Winview were subject to lock-up restrictions to be discharged 10% at 120 days, another 15% at 180 days, another 15% at 270 days, another 20% at 360 days and the remaining 40% at 390 days, in each case following the closing date. The Company common shares issued were valued based on the closing price on TSX Venture exchange on May 8, 2020, reduced by a discount for lack of marketability of twenty percent.

W T F One Lets Go Racing And Driver D B [Member]

IfrsStatementLineItems [Line Items]

Acquisition of purchase price

$ 557,709

W T F One Lets Go Racing [Member]

IfrsStatementLineItems [Line Items]

Purchase consideration comprised in cash

$ 2,116,267

Deferred cash consideration

333,503

€ 265,000

W T F One Lets Go Racing [Member] | One Hundred Twenty Days [Member]

IfrsStatementLineItems [Line Items]

Deferred cash consideration

125,850

100,000

W T F One Lets Go Racing [Member] | Two Hundred Fourty Days [Member]

IfrsStatementLineItems [Line Items]

Deferred cash consideration

207,653

165,000

W T F One Lets Go Racing [Member] | Share Purchase Agreement [Member]

IfrsStatementLineItems [Line Items]

Purchase consideration comprised in cash

$ 63,274

€ 50,000

W T F One Lets Go Racing [Member] | Common Shares [member]

IfrsStatementLineItems [Line Items]

Consideration shares in exchange | shares

200,000

200,000

Driver D B [Member] | Computer software [member]

IfrsStatementLineItems [Line Items]

Useful lives of the intangibles

3 years

3 years

Driver D B [Member] | Common Shares [member]

IfrsStatementLineItems [Line Items]

Consideration shares in exchange | shares

100,000

100,000

Acquisition of purchase price

$ 859,745

Schedule of revenue from contra

Schedule of revenue from contracts with customers disaggregated (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Revenue	$ 41,882,613	$ 33,345,268	$ 10,545,843
Increase decrease in revenue	8,537,345
Previously stated [member]
IfrsStatementLineItems [Line Items]
Revenue		37,220,870
Software-as-a-Service [Member]
IfrsStatementLineItems [Line Items]
Revenue	9,220,069	7,952,426	2,571,672
Increase decrease in revenue	1,267,643
Software-as-a-Service [Member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Revenue		6,360,361
Advertising [Member]
IfrsStatementLineItems [Line Items]
Revenue	32,662,544	25,392,842	4,491,356
Increase decrease in revenue	$ 7,269,702
Advertising [Member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Revenue		26,656,446
Games development [member]
IfrsStatementLineItems [Line Items]
Revenue			2,732,846
Games development [member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Revenue		3,422,202
Direct to Consumer [Member]
IfrsStatementLineItems [Line Items]
Revenue			363,554
Direct to Consumer [Member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Revenue		453,400
Professional Services [Member]
IfrsStatementLineItems [Line Items]
Revenue			$ 386,415
Professional Services [Member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Revenue		$ 328,461

Revenue (Details Narrative)

Revenue (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Revenue	$ 41,882,613	$ 33,345,268	$ 10,545,843
Software-as-a-Service [Member]
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Revenue		$ 328,461

Net income (loss) per share (De

Net income (loss) per share (Details Narrative) - shares	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Profit or loss [abstract]
Weighted average common shares outstanding	15,637,418	11,874,775	2,949,511

Schedule of accounts and other

Schedule of accounts and other receivables (Details) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
Accounts And Other Receivables And Publisher Advances
Trade accounts receivable	$ 9,750,619	$ 9,677,725	$ 4,690,922
Other receivables	9,028	53,387	29,406
Allowance for doubtful accounts	(1,355,638)	(1,084,305)	(874,438)
Total accounts and other receivables	$ 8,404,009	$ 8,646,807	$ 3,845,890

Schedule of allowance for doubt

Schedule of allowance for doubtful accounts (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Accounts And Other Receivables And Publisher Advances
Allowance for doubtful accounts, beginning of year	$ (1,084,305)	$ (874,438)
Acquisition of SideQik		(140,896)
Acquisition of Frankly			(887,763)
Provision, bad debt expense	(473,898)	(72,636)
Writeoffs	202,565	3,665	13,325
Allowance for doubtful accounts, end of year	$ (1,355,638)	$ (1,084,305)	$ (874,438)

Accounts and other receivable_3

Accounts and other receivables and publisher advances (Details Narrative) - USD ($)		12 Months Ended
	Feb. 02, 2021	Aug. 31, 2022	Aug. 31, 2021	Mar. 31, 2021	Feb. 28, 2021	Feb. 08, 2021	Feb. 07, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Advance amount receivable		$ 1,490,648	$ 4,534,218				$ 6,000,000
Publisher advance amount		6,000,000	6,000,000
Repayments on advance deducted from payables to customer	$ 1,465,782	4,509,352
Publisher advance, current		$ 1,490,648	$ 3,197,102
Frankly Media LLC [Member]
IfrsStatementLineItems [Line Items]
Advance amount receivable				$ 1,000,000	$ 1,000,000	$ 4,000,000	$ 4,000,000

Schedule of promissory notes re

Schedule of promissory notes receivable (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Promissory Notes Receivable At Fvtpl
Beginning balance
Acquisition	1,585,783
Change in fair value	(873,778)	$ 581,812
Effect of foreign exchange	(135,477)
Ending balance	$ 576,528

Promissory notes receivable a_3

Promissory notes receivable at FVTPL (Details Narrative)	12 Months Ended
	Aug. 31, 2022 USD ($)	Aug. 31, 2022 EUR (€)	Aug. 31, 2021 USD ($)	Aug. 31, 2022 EUR (€)
Promissory Notes Receivable At Fvtpl
Percentage promissory note purchased	6%			6%
Promissory note	$ 1,585,783			€ 1,453,154
Consideration paid	1,181,005	€ 1,081,081
Promissory note	591,781
Recognized fair value	$ 873,778

Schedule of investment in assoc

Schedule of investment in associate and investment (Details) - USD ($)	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2022
IfrsStatementLineItems [Line Items]
Investment in associate and investment at FVTPL	$ 2,629,851	$ 2,629,851
Ending balance	2,629,851
Fair Value Through Profit Or Loss [Member]
IfrsStatementLineItems [Line Items]
Investment in associate and investment at FVTPL	2,629,851	$ 2,629,851
Beginning balance
Share of loss in One Up
Discontinue use of equity method on retained interest in former associate	2,048,039
Change in fair value of investment	581,812
Ending balance	2,629,851
Investment in associate [member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Investment in associate and investment at FVTPL
Beginning balance	2,052,008
Share of loss in One Up	(103,930)
Discontinue use of equity method on retained interest in former associate	(1,948,078)
Change in fair value of investment
Ending balance

Investment at FVTPL (Details Na

Investment at FVTPL (Details Narrative) - USD ($)		12 Months Ended
	Jan. 05, 2021	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Aug. 25, 2020
IfrsStatementLineItems [Line Items]
Gain on retained interest			$ (99,961)
One Up Group, LLC [member]
IfrsStatementLineItems [Line Items]
Percentage of voting equity interests acquired	18.62%				20.48%
Share of loss	$ 103,930
Gain on retained interest	$ 99,961

Disclosure of detailed informat

Disclosure of detailed information about property plant and equipment (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, cost, beginning balance	$ 995,502	$ 881,084	$ 386,889
Additions	78,698	188,170	124,790
Disposal of Motorsports	(374,307)	(14,244)	(14,410)
Foreign exchange	(39,241)	(3,844)	30,041
Property and equipment, cost, UMG Asset Sale	(94,728)
Property and equipment, cost, Impairment	(153,192)
Property and equipment, cost, ending balance	412,732	995,502	881,084
Accumulated depreciation, beginning balance	591,691	471,695	301,636
Depreciation	128,893	149,191	141,305
Disposal of Motorsports	(333,175)	(4,477)
Foreign exchange	(35,270)	(3,740)	28,754
Accumulated depreciation, UMG Asset Sale	(66,797)
Accumulated depreciation, ending balance	285,342	591,691	471,695
Property and equipment, net book value	127,390	403,811	409,389
SideQiK [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik		12,730
Motor Sports [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Disposal of Motorsports		(68,394)
Disposal of Motorsports		(20,978)
UMG [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik			313,622
Frankly [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik			40,152
Leasehold improvements [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, cost, beginning balance	218,851	221,653	54,465
Additions
Disposal of Motorsports	(7,407)
Foreign exchange	850	(171)	995
Property and equipment, cost, UMG Asset Sale
Property and equipment, cost, Impairment	(153,192)
Property and equipment, cost, ending balance	59,102	218,851	221,653
Accumulated depreciation, beginning balance	63,367	57,517	51,847
Depreciation	3,765	5,949	4,998
Disposal of Motorsports	(7,202)
Foreign exchange	(828)	(99)	672
Accumulated depreciation, UMG Asset Sale
Accumulated depreciation, ending balance	59,102	63,367	57,517
Property and equipment, net book value		155,484	164,136
Leasehold improvements [member] | SideQiK [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik
Leasehold improvements [member] | Motor Sports [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Disposal of Motorsports		(2,631)
Disposal of Motorsports
Leasehold improvements [member] | UMG [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik			166,193
Leasehold improvements [member] | Frankly [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik
Computer equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, cost, beginning balance	603,607	486,340	209,126
Additions	77,147	170,305	116,028
Disposal of Motorsports	(314,440)	(14,244)	(14,410)
Foreign exchange	(35,128)	(2,548)	24,467
Property and equipment, cost, UMG Asset Sale	(59,550)
Property and equipment, cost, Impairment
Property and equipment, cost, ending balance	271,636	603,607	486,340
Accumulated depreciation, beginning balance	406,231	307,508	181,089
Depreciation	114,530	117,092	102,241
Disposal of Motorsports	(278,569)	(4,477)
Foreign exchange	(29,994)	(2,824)	24,178
Accumulated depreciation, UMG Asset Sale	(31,619)
Accumulated depreciation, ending balance	180,579	406,231	307,508
Property and equipment, net book value	91,057	197,376	178,832
Computer equipment [member] | SideQiK [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik		11,399
Computer equipment [member] | Motor Sports [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Disposal of Motorsports		(47,645)
Disposal of Motorsports		(11,068)
Computer equipment [member] | UMG [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik			116,668
Computer equipment [member] | Frankly [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik			34,461
Furniture and Fixtures [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property and equipment, cost, beginning balance	173,044	173,091	123,298
Additions	1,551	17,865	8,762
Disposal of Motorsports	(52,460)
Foreign exchange	(4,963)	(1,125)	4,579
Property and equipment, cost, UMG Asset Sale	(35,178)
Property and equipment, cost, Impairment
Property and equipment, cost, ending balance	81,994	173,044	173,091
Accumulated depreciation, beginning balance	122,093	106,670	68,700
Depreciation	10,598	26,150	34,066
Disposal of Motorsports	(47,404)
Foreign exchange	(4,448)	(817)	3,904
Accumulated depreciation, UMG Asset Sale	(35,178)
Accumulated depreciation, ending balance	45,661	122,093	106,670
Property and equipment, net book value	$ 36,333	50,951	66,421
Furniture and Fixtures [Member] | SideQiK [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik		1,331
Furniture and Fixtures [Member] | Motor Sports [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Disposal of Motorsports		(18,118)
Disposal of Motorsports		$ (9,910)
Furniture and Fixtures [Member] | UMG [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik			30,761
Furniture and Fixtures [Member] | Frankly [member]
Disclosure of detailed information about property, plant and equipment [line items]
Acquisition of SideQik			$ 5,691

Disclosure of detailed inform_2

Disclosure of detailed information about goodwill (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Beginning of year Balance	$ 15,594,929	$ 15,576,762	$ 651,354
Impairment of goodwill associated with Sideqik		(2,900,193)
Impairment of goodwill associated with UMG		(2,900,193)
Effect of foreign exchange	(49,591)	18,167	29,813
Ending of year Balance	15,200,188	15,594,929	15,576,762
Eden games [member]
IfrsStatementLineItems [Line Items]
Disposal of Eden Games	(345,150)
SideQik, Inc. [Member]
IfrsStatementLineItems [Line Items]
Beginning of year Balance		2,900,193
U M G Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Beginning of year Balance			3,209,045
Frankly Inc. [Member]
IfrsStatementLineItems [Line Items]
Beginning of year Balance			$ 14,895,595

Goodwill (Details Narrative)

Goodwill (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2021	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Goodwill	$ 15,594,929	$ 15,200,188	$ 15,594,929	$ 15,576,762
Impairment of intangible assets			1,419,662
Impairment of goodwill			2,900,193
Fair value of impairment loss			0
Frankly [member]
IfrsStatementLineItems [Line Items]
Goodwill	$ 14,895,595	$ 14,895,595	14,895,595	14,895,595
Goodwill descriptions	The calculation used a ten-year projected and discounted cash flow model using a discount rate of 20.5% and a long-term growth rate of 3%	The calculation used a five-year projected and terminal period debt-free cash flow model discounted to present value using a discount rate of 21.0% (pre-tax 28.3%), tax rate of 26% and a long-term growth rate of 3%.
Recoverable value		$ 24,500,000
Stream Hatchet [member]
IfrsStatementLineItems [Line Items]
Goodwill	$ 335,650	$ 304,593	335,650
U M G Media Ltd [Member]
IfrsStatementLineItems [Line Items]
Impairment of intangible assets			385,231	719,706
Impairment of goodwill				3,209,045
Fair value of impairment loss				$ 0
SideQik, Inc. [Member]
IfrsStatementLineItems [Line Items]
Impairment of intangible assets			1,419,662
Impairment of goodwill			2,900,193
Fair value of impairment loss			$ 0

Schedule of detailed informatio

Schedule of detailed information about intangible assets (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Intangible Assets, Balance	$ 15,538,286	$ 20,276,282	$ 7,956,706
Disposal of Motorsports	(740,767)	(4,023,146)
Impairment of Winview	(894,618)
Foreign exchange	(402,285)	365,373	254,366
Intangible Assets, Balance	7,273,248	15,538,286	20,276,282
Intangible Assets, Amortization, Balance	10,416,575	7,947,286	4,231,978
Amortization	1,426,252	3,153,124	3,491,186
Accumulated amortization, Disposal	(740,767)	956,689
Foreign exchange	(380,849)	272,854	224,122
Intangible Assets, Amortization, Balance	4,790,078	10,416,575	7,947,286
Intangible assets other than goodwill	2,483,170	5,121,711	12,328,996
Disposal of Motorsports	740,767	(956,689)
Motor Sports [Member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports		(4,023,146)
Accumulated amortization, Disposal		(956,689)
Disposal of Motorsports		956,689
SideQiK [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik		1,430,000
Impairment of Winview		(1,419,662)
UMG [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports	(330,674)
Acquisition of SideQik			1,530,000
Impairment of Winview		(385,230)	(719,706)
Accumulated amortization, Disposal	(330,674)
Disposal of Motorsports	330,674
Win View [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			9,430,265
Impairment of Winview		(705,331)	(6,503,483)
Eden games [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports	(6,637,461)
Accumulated amortization, Disposal	(6,341,226)
Disposal of Motorsports	6,341,226
Frankly [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			4,800,000
W T F One [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			557,709
Driver D B [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			854,158
Lets Go Racing [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			2,116,267
Patent [Member]
IfrsStatementLineItems [Line Items]
Intangible Assets, Balance	2,221,451	2,926,782
Disposal of Motorsports
Impairment of Winview	(800,231)
Foreign exchange
Intangible Assets, Balance	1,421,220	2,221,451	2,926,782
Intangible Assets, Amortization, Balance	1,121,133	628,684
Amortization	300,087	492,449	628,684
Accumulated amortization, Disposal
Foreign exchange
Intangible Assets, Amortization, Balance	1,421,220	1,121,133	628,684
Intangible assets other than goodwill		1,100,318	2,298,098
Disposal of Motorsports
Patent [Member] | Motor Sports [Member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports
Accumulated amortization, Disposal
Disposal of Motorsports
Patent [Member] | SideQiK [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Impairment of Winview
Patent [Member] | UMG [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports
Acquisition of SideQik
Impairment of Winview
Accumulated amortization, Disposal
Disposal of Motorsports
Patent [Member] | Win View [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			9,430,265
Impairment of Winview	(800,231)	(705,331)	(6,503,483)
Patent [Member] | Eden games [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports
Accumulated amortization, Disposal
Disposal of Motorsports
Patent [Member] | Frankly [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Patent [Member] | W T F One [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Patent [Member] | Driver D B [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Patent [Member] | Lets Go Racing [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Application Platforms [Member]
IfrsStatementLineItems [Line Items]
Intangible Assets, Balance	924,343	1,059,380	760,323
Disposal of Motorsports	(242,667)
Impairment of Winview	(38,851)
Foreign exchange	(14,450)	16,974	2,479
Intangible Assets, Balance	496,229	924,343	1,059,380
Intangible Assets, Amortization, Balance	878,636	757,918	628,277
Amortization	6,857	107,158	127,681
Accumulated amortization, Disposal	(242,667)
Foreign exchange	(14,451)	13,560	1,960
Intangible Assets, Amortization, Balance	496,229	878,636	757,918
Intangible assets other than goodwill		45,707	301,462
Disposal of Motorsports	242,667
Application Platforms [Member] | Motor Sports [Member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports
Accumulated amortization, Disposal
Disposal of Motorsports
Application Platforms [Member] | SideQiK [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Impairment of Winview
Application Platforms [Member] | UMG [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports	(105,715)
Acquisition of SideQik			560,000
Impairment of Winview		(152,011)	(263,422)
Accumulated amortization, Disposal	(105,715)
Disposal of Motorsports	105,715
Application Platforms [Member] | Win View [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Impairment of Winview
Application Platforms [Member] | Eden games [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports	(269,098)
Accumulated amortization, Disposal	(269,098)
Disposal of Motorsports	269,098
Application Platforms [Member] | Frankly [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Application Platforms [Member] | W T F One [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Application Platforms [Member] | Driver D B [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Application Platforms [Member] | Lets Go Racing [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Computer software [member]
IfrsStatementLineItems [Line Items]
Intangible Assets, Balance	7,428,723	10,763,975	5,055,798
Disposal of Motorsports		(3,598,869)
Impairment of Winview
Foreign exchange	(285,842)	255,577	180,043
Intangible Assets, Balance	2,433,662	7,428,723	10,763,975
Intangible Assets, Amortization, Balance	6,318,010	4,909,001	2,634,338
Amortization	666,672	1,711,771	2,205,781
Accumulated amortization, Disposal		532,412
Foreign exchange	(285,842)	229,650	68,882
Intangible Assets, Amortization, Balance	1,989,621	6,318,010	4,909,001
Intangible assets other than goodwill	444,041	1,110,713	5,854,974
Disposal of Motorsports		(532,412)
Computer software [member] | Motor Sports [Member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports		(3,598,869)
Accumulated amortization, Disposal		(532,412)
Disposal of Motorsports		532,412
Computer software [member] | SideQiK [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik		910,000
Impairment of Winview		(901,960)
Computer software [member] | UMG [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports
Acquisition of SideQik
Impairment of Winview
Accumulated amortization, Disposal
Disposal of Motorsports
Computer software [member] | Win View [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Impairment of Winview
Computer software [member] | Eden games [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports	(4,709,219)
Accumulated amortization, Disposal	(4,709,219)
Disposal of Motorsports	4,709,219
Computer software [member] | Frankly [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			2,000,000
Computer software [member] | W T F One [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			557,709
Computer software [member] | Driver D B [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			854,158
Computer software [member] | Lets Go Racing [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			2,116,267
Brand [Member]
IfrsStatementLineItems [Line Items]
Intangible Assets, Balance	1,801,658	2,070,573	1,662,993
Disposal of Motorsports	(184,167)	(201,627)
Impairment of Winview	(39,892)
Foreign exchange	(82,763)	81,759	37,482
Intangible Assets, Balance	208,639	1,801,658	2,070,573
Intangible Assets, Amortization, Balance	1,306,435	1,050,835	673,302
Amortization	157,381	422,842	348,858
Accumulated amortization, Disposal	(184,167)	201,627
Foreign exchange	(62,839)	34,385	28,675
Intangible Assets, Amortization, Balance	208,639	1,306,435	1,050,835
Intangible assets other than goodwill		495,223	1,019,738
Disposal of Motorsports	184,167	(201,627)
Brand [Member] | Motor Sports [Member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports		(201,627)
Accumulated amortization, Disposal		(201,627)
Disposal of Motorsports		201,627
Brand [Member] | SideQiK [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik		210,000
Impairment of Winview		(209,072)
Brand [Member] | UMG [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports	(80,230)
Acquisition of SideQik			510,000
Impairment of Winview		(149,975)	(239,902)
Accumulated amortization, Disposal	(80,230)
Disposal of Motorsports	80,230
Brand [Member] | Win View [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Impairment of Winview
Brand [Member] | Eden games [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports	(1,390,134)
Accumulated amortization, Disposal	(1,112,108)
Disposal of Motorsports	1,112,108
Brand [Member] | Frankly [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			100,000
Brand [Member] | W T F One [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Brand [Member] | Driver D B [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Brand [Member] | Lets Go Racing [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Customer lists and contracts [Member]
IfrsStatementLineItems [Line Items]
Intangible Assets, Balance	3,162,111	3,455,572	477,592
Disposal of Motorsports	(313,933)	(222,650)
Impairment of Winview	(15,644)
Foreign exchange	(19,230)	11,063	34,362
Intangible Assets, Balance	2,713,498	3,162,111	3,455,572
Intangible Assets, Amortization, Balance	792,361	600,848	296,061
Amortization	295,255	418,904	180,182
Accumulated amortization, Disposal	(313,933)	222,650
Foreign exchange	(17,717)	(4,741)	124,605
Intangible Assets, Amortization, Balance	674,369	792,361	600,848
Intangible assets other than goodwill	2,039,129	2,369,750	2,854,724
Disposal of Motorsports	313,933	(222,650)
Customer lists and contracts [Member] | Motor Sports [Member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports		(222,650)
Accumulated amortization, Disposal		(222,650)
Disposal of Motorsports		222,650
Customer lists and contracts [Member] | SideQiK [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik		310,000
Impairment of Winview		(308,630)
Customer lists and contracts [Member] | UMG [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports	(144,729)
Acquisition of SideQik			460,000
Impairment of Winview		(83,244)	(216,382)
Accumulated amortization, Disposal	(144,729)
Disposal of Motorsports	144,729
Customer lists and contracts [Member] | Win View [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Impairment of Winview
Customer lists and contracts [Member] | Eden games [member]
IfrsStatementLineItems [Line Items]
Disposal of Motorsports	(269,010)
Accumulated amortization, Disposal	(250,801)
Disposal of Motorsports	$ 250,801
Customer lists and contracts [Member] | Frankly [member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik			2,700,000
Customer lists and contracts [Member] | W T F One [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Customer lists and contracts [Member] | Driver D B [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik
Customer lists and contracts [Member] | Lets Go Racing [Member]
IfrsStatementLineItems [Line Items]
Acquisition of SideQik

Schedule of detailed informat_2

Schedule of detailed information about right-of-use assets (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Balance, beginning of year	$ 557,022	$ 550,478
Additions to right-of-use assets on adoption of IFRS 16, September 1, 2019		210,178	258,756
Depreciation	(180,395)	(203,058)	(148,687)
Impairment	(346,266)
Disposal of Eden Games	(16,036)
Effect of foreign exchange	(3,210)	(576)	15,038
Balance, end of year	11,115	557,022	550,478
Acquisition of UMG			388,996
Acquired			36,375
Previously stated [member]
IfrsStatementLineItems [Line Items]
Balance, beginning of year	$ 557,022	550,478
Additions to right-of-use assets on adoption of IFRS 16, September 1, 2019
Depreciation		(203,058)
Effect of foreign exchange		(576)
Balance, end of year		557,022	$ 550,478
Acquisition of UMG
Acquired		$ 210,178

Disclosure of detailed inform_3

Disclosure of detailed information about components of income tax expense (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Income (loss) before income taxes	$ (12,294,603)	$ (28,842,913)	$ (42,738,478)
Statutory income tax rate	26.50%	26.50%	26.50%
Expected income tax (benefit)	$ (3,258,070)	$ (7,643,372)	$ (11,325,697)
Foreign rate differential	986	(477,761)	443,749
Stock-based compensation and other non-deductible expenses	(786,187)	1,299,240	484,247
Deferred tax assets not recognized	3,246,612	10,958,252	10,397,701
Income tax expense
True up of prior period balances
Previously stated [member]
IfrsStatementLineItems [Line Items]
Income (loss) before income taxes		$ (40,733,174)
Statutory income tax rate		26.50%
Expected income tax (benefit)		$ (10,794,291)
Foreign rate differential		(243,335)
Stock-based compensation and other non-deductible expenses		1,318,852
Deferred tax assets not recognized		8,394,898
Income tax expense
True up of prior period balances		$ 1,323,876

Disclosure of detailed inform_4

Disclosure of detailed information about recognized deferred tax assets and liabilities (Details) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Deferred tax assets, Net operating losses	$ 1,577,831	$ 1,664,801	$ 1,340,296
Deferred tax liabilities, intangible assets	(1,520,569)	(1,391,070)	(919,340)
Net deferred tax asset
Deferred tax liabilities, Convertible Debt			(88,192)
United State [Member]
IfrsStatementLineItems [Line Items]
Deferred tax liabilities, other	$ (57,262)	(273,731)	(318,712)
Canada Area [Member]
IfrsStatementLineItems [Line Items]
Deferred tax liabilities, other			$ (14,052)

Disclosure of detailed inform_5

Disclosure of detailed information about unrecognized deductible temporary differences and unused tax losses (Details) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Major components of tax expense (income) [abstract]
Intangible assets	$ 23,737,179	$ 28,362,021	$ 25,826,171
Net operating losses	172,145,340	153,954,414	133,010,627
Net capital losses		2,156,922
Property and equipment		483,175	552,680
Share issuance costs	2,347,823	206,655	67,250
Convertible debt	250,603	2,385,606
Other	2,219,206	8,802,009	8,998,673
Deferred tax assets, unrecognized	$ 203,774,507	$ 196,350,802	$ 168,455,401

Income taxes (Details Narrative

Income taxes (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Income tax expense or benefit
Statutory income tax rate	26.50%	26.50%	26.50%
Operating loss carryforward with indefinite expiration period	$ 50,800,000	$ 45,600,000
Net capital losses		2,156,922
Domestic [Member]
IfrsStatementLineItems [Line Items]
Operating loss carryforward	$ 173,200,000	$ 159,800,000
Income tax expiration period	10 years	10 years
International [member]
IfrsStatementLineItems [Line Items]
Operating loss carryforward	$ 122,400,000	$ 114,200,000
Income tax expiration period	20 years	20 years

Disclosure of detailed inform_6

Disclosure of detailed information about continuity of the lease liabilities (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Lease liabilities, balance	$ 587,551	$ 572,148
Acquired		210,178
Disposal of Eden Games	(17,959)	(17,959)
Interest expenses	23,922	34,197	(139,937)
Payments	(201,156)	(228,328)
Effect of foreign exchange	(3,524)	(644)
Lease liabilities, balance	388,834	587,551	572,148
Total lease obligation	388,834	587,551	572,148
Additions to right-of-use assets on adoption of IFRS 16, September 1, 2019			258,756
Acquisition of UMG			401,441
Acquired		210,178	36,375
Payments		(228,328)	15,513
Current lease liabilities	388,834	222,583	185,671
Non-current lease liabilities		364,968	386,477
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Lease liabilities, balance	388,834
Total lease obligation	388,834
Equipments [Member]
IfrsStatementLineItems [Line Items]
Lease liabilities, balance	24,048	35,457
Acquired
Disposal of Eden Games
Interest expenses	1,206	1,971	(918)
Payments	(13,380)	(13,380)
Effect of foreign exchange
Lease liabilities, balance	11,874	24,048	35,457
Total lease obligation	11,874	24,048	35,457
Additions to right-of-use assets on adoption of IFRS 16, September 1, 2019
Acquisition of UMG
Acquired			36,375
Payments		(13,380)
Current lease liabilities		12,174	11,409
Non-current lease liabilities		11,874	24,048
Equipments [Member] | Not later than one year [member]
IfrsStatementLineItems [Line Items]
Lease liabilities, balance	11,874
Total lease obligation	11,874
Office Lease [Member]
IfrsStatementLineItems [Line Items]
Lease liabilities, balance	563,503	536,691
Acquired		210,178
Disposal of Eden Games	(17,959)	(17,959)
Interest expenses	22,716	32,226	(139,019)
Payments	(187,776)	(214,948)
Effect of foreign exchange	(3,524)	(644)
Lease liabilities, balance	376,960	563,503	536,691
Total lease obligation	376,960	563,503	536,691
Additions to right-of-use assets on adoption of IFRS 16, September 1, 2019			258,756
Acquisition of UMG			401,441
Acquired		210,178
Payments		(214,948)	15,513
Current lease liabilities		210,409	174,262
Non-current lease liabilities		$ 353,094	$ 362,429
Office Lease [Member] | Not later than one year [member]
IfrsStatementLineItems [Line Items]
Lease liabilities, balance	376,960
Total lease obligation	$ 376,960

Disclosure of detailed inform_7

Disclosure of detailed information about future minimum undiscounted lease payments (Details) - USD ($)	Aug. 31, 2022	Aug. 31, 2021
IfrsStatementLineItems [Line Items]
Total undiscounted lease obligation	$ 416,536	$ 639,514
Current		250,216
2 years		176,513
3 years		160,696
4 years		$ 52,089
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total undiscounted lease obligation	416,536
Equipments [Member]
IfrsStatementLineItems [Line Items]
Total undiscounted lease obligation	12,265
Equipments [Member] | Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total undiscounted lease obligation	12,265
Office Lease [Member]
IfrsStatementLineItems [Line Items]
Total undiscounted lease obligation	404,271
Office Lease [Member] | Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total undiscounted lease obligation	$ 404,271

Promissory notes payable and _2

Promissory notes payable and other borrowings (Details Narrative) - USD ($)		1 Months Ended			12 Months Ended
	Dec. 01, 2020	May 31, 2020	May 31, 2020	Apr. 30, 2020	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Feb. 24, 2021	Jan. 07, 2020
IfrsStatementLineItems [Line Items]
Interest expense					$ 729,848	$ 1,274,998	$ 908,766
Unsecured promissory note [member]
IfrsStatementLineItems [Line Items]
Principal amount					$ 200,000	$ 200,000	$ 200,000
Interest rate					18%	18%	18%
Interest expense					$ 141,940	$ 139,644	$ 83,435
Secured promissory note [member]
IfrsStatementLineItems [Line Items]
Interest rate					8%	8%	8%
Interest expense					$ 0	$ 0	$ 63,612
Proceeds from debt					429,822	482,304	1,527,582
Paycheck protection program loans [member]
IfrsStatementLineItems [Line Items]
Principal amount					209,875
Interest rate		1%	1%	1%
Proceeds from debt		$ 1,589,559	$ 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.		the Notes are scheduled to mature in April 2022 and require 18 equal monthly payments of principal and interest beginning November 2020.
Paycheck protection program loans [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Qualifying expenses					$ 1,589,559		1,589,559
E B Loan [Member]
IfrsStatementLineItems [Line Items]
Principal amount	$ 5,000,000
E B Loan [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Line of credit principal amount									$ 5,000,000
Amended EB Loan [member]
IfrsStatementLineItems [Line Items]
Principal amount	$ 5,000,000							$ 5,000,000
Maturity	The amendment extended the maturity date by one year
Conversion feature	$ 1,000,000
Conversion price	$ 11.25							$ 10.25
Warrant exercise price								$ 15
Line of credit carrying value						$ 0	$ 4,919,507

Schedule of detailed informat_3

Schedule of detailed information about continuity of convertible debt (Details) - USD ($)		12 Months Ended
	Dec. 01, 2020	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Total convertible debt obligation beginning balance		$ 9,951,496	$ 10,793,459	$ 12,532,723
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)	(5,152,023)
Conversion - warrants issued			(5,359,775)	(5,037,535)
Interest expense			841,019	358,123
Accrued interest on conversion / interest payments			(607,547)	(305,591)
Effect of foreign exchange			134,562	(200,661)
Change in fair value			6,066,594	(230,127)
Total convertible debt obligation ending balance		7,250,603	9,951,496	10,793,459
Current borrowings		2,267,367	914,428
Non-current portion of non-current borrowings		4,983,236	9,037,068
Total convertible debt obligation		7,250,603	9,951,496	10,793,459
Issuances			4,282,477	8,828,550
Less than one year		2,267,367	914,428
Greater than one year		4,983,236	9,037,068
Two Thousands Nineteen Series Convertible Debenture [Member]
IfrsStatementLineItems [Line Items]
Total convertible debt obligation beginning balance		914,428	2,121,869	12,532,723
Issuances
Exchange of EB Loan for Amended EB Loan
Exchange of Amended EB Loan for EB CD
Principal and interest at maturity		(509,716)
Conversion - common shares issued			(1,500,214)	(5,152,023)
Conversion - warrants issued			(1,103,661)	(5,037,535)
Interest expense		23,983	54,126	358,123
Accrued interest on conversion / interest payments			(101,247)	(317,508)
Effect of foreign exchange		(27,040)	134,562	(200,661)
Change in fair value		(401,655)	1,308,993	(61,250)
Total convertible debt obligation ending balance			914,428	2,121,869
Current borrowings			914,428
Non-current portion of non-current borrowings
Total convertible debt obligation			914,428	2,121,869
Issuances
Less than one year			914,428
Greater than one year
Two Thousands Twenty Series Convertible Debenture [Member]
IfrsStatementLineItems [Line Items]
Total 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
Principal and interest at maturity
Conversion - common shares issued			(12,204,391)
Conversion - warrants issued			(4,256,114)
Interest expense		200,000	398,183
Accrued interest on conversion / interest payments			(256,300)	11,917
Effect of foreign exchange
Change in fair value		(29,760)	5,461,682	(168,877)
Total convertible debt obligation ending balance		2,267,367	2,097,127	8,671,590
Current borrowings		2,267,367
Non-current portion of non-current borrowings			2,097,127
Total convertible debt obligation		2,267,367	2,097,127	8,671,590
Issuances			4,282,477	8,828,550
Less than one year		2,267,367
Greater than one year			2,097,127
Amended EB Loan [member]
IfrsStatementLineItems [Line Items]
Total 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)
Principal and interest at maturity
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
Total convertible debt obligation ending balance
Total convertible debt obligation
EB CD [member]
IfrsStatementLineItems [Line Items]
Total 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
Principal and interest at maturity
Conversion - common shares issued
Conversion - warrants issued
Interest expense		500,000	250,000
Accrued interest on conversion / interest payments		(500,000)
Effect of foreign exchange
Change in fair value		(1,956,705)	(704,081)
Total convertible debt obligation ending balance		4,983,236	6,939,941
Current borrowings
Non-current portion of non-current borrowings			6,939,941
Total convertible debt obligation		4,983,236	6,939,941
Issuances
Less than one year
Greater than one year			6,939,941
E B Loan [Member]
IfrsStatementLineItems [Line Items]
Total convertible debt obligation beginning balance
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)
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
Total convertible debt obligation ending balance
Current borrowings
Non-current portion of non-current borrowings
Total convertible debt obligation
Issuances
Less than one year
Greater than one year

Disclosure of detailed inform_8

Disclosure of detailed information about fair value of convertible debentures (Details) - $ / shares	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
2020 Series [member]
IfrsStatementLineItems [Line Items]
Share price	$ 0.72	$ 6.66	$ 8.92
Conversion price	$ 8.90	$ 8.90
Expected term	2 months 19 days	1 year 3 months 3 days
Interest rate	10%	10%
Expected volatility	90%	90%	200%
Risk-free interest rate	2.85%	0.10%	0.14%
Expected dividend yield	0%	0%	0%
Conversion price	$ 8.90	$ 8.90
Interest rate	10%	10%
2020 Series [member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Conversion price			$ 7.50
Expected term			1 year 11 months 19 days
Interest rate			5%
Conversion price			$ 7.50
Interest rate			5%
2020 Series [member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Conversion price			$ 9.50
Expected term			1 year 11 months 23 days
Interest rate			10%
Conversion price			$ 9.50
Interest rate			10%
EB CD [member]
IfrsStatementLineItems [Line Items]
Share price	$ 0.72	$ 6.66
Conversion price	$ 10.25	$ 10.25
Expected term	1 year 5 months 23 days	1 year 3 months 3 days
Interest rate	10%	10%
Expected volatility	90%	90%
Risk-free interest rate	3.45%	0.30%
Expected dividend yield	0%	0%
Warrant exercise price	$ 15	$ 15
Conversion price	10.25	10.25
Warrant exercise price	$ 15	$ 15
Interest rate	10%	10%
Two Thousand Nineteen Series [Member]
IfrsStatementLineItems [Line Items]
Share price			$ 11.65
Conversion price			$ 7.50
Interest rate			6%
Expected volatility			179%
Risk-free interest rate			0.25%
Expected dividend yield			0%
Warrant exercise price			$ 7.50
Conversion price			7.50
Warrant exercise price			$ 7.50
Interest rate			6%
Exchange rate			0.7651
Two Thousand Nineteen Series [Member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Expected term			1 year 10 months 6 days
Two Thousand Nineteen Series [Member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Expected term			1 year 11 months 8 days
Two Thousand Nineteen Series [Member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Share price		$ 8.42
Conversion price		$ 7.50
Interest rate		6%
Expected volatility		90%
Expected dividend yield		0%
Warrant exercise price		$ 7.50
Conversion price		7.50
Warrant exercise price		$ 7.50
Interest rate		6%
Exchange rate		0.7947
Two Thousand Nineteen Series [Member] | Previously stated [member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Expected term		10 months 6 days
Risk-free interest rate		0.25%
Two Thousand Nineteen Series [Member] | Previously stated [member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Expected term		11 months 8 days
Risk-free interest rate		0.26%

Disclosure of key inputs of con

Disclosure of key inputs of convertible debt (Details) - Convertible [member]	12 Months Ended
	Aug. 31, 2022 $ / shares	Aug. 31, 2022 $ / shares	Aug. 31, 2021 $ / shares	Aug. 31, 2021 $ / shares	Aug. 31, 2020 $ / shares
IfrsStatementLineItems [Line Items]
Share price | (per share)	$ 0.72	$ 0.94	$ 6.66	$ 8.42	$ 8.92
Expected dividend yield	0%	0%	0%	0%	0%
Discount for lack of marketability	0%	0%	0%	0%	47%
CAD Exercise Price [Member]
IfrsStatementLineItems [Line Items]
Share price				$ 8.42
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate	2.85%	2.85%	0.10%	0.10%
Credit spread	10.13%	10.13%	1.14%	1.14%
Top of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate	3.45%	3.45%	0.30%	0.30%	0.14%
Credit spread	13.56%	13.56%	8.45%	8.45%	18.35%

Convertible debt (Details Narra

Convertible debt (Details Narrative)				1 Months Ended		3 Months Ended	12 Months Ended
	Feb. 24, 2021 USD ($) $ / shares	Dec. 19, 2020 USD ($) $ / shares	Dec. 01, 2020 USD ($) $ / shares	Nov. 30, 2020 USD ($) shares $ / shares	Sep. 30, 2020 USD ($) $ / shares	Feb. 28, 2021 USD ($)	Aug. 31, 2022 USD ($)	Aug. 31, 2021 USD ($) $ / shares shares	Aug. 31, 2021 USD ($) $ / shares $ / shares	Aug. 31, 2020 USD ($) $ / shares shares	Aug. 31, 2020 USD ($) $ / shares	Aug. 31, 2021 CAD ($) $ / shares	Aug. 31, 2020 CAD ($) $ / shares
IfrsStatementLineItems [Line Items]
Expected volatility							90%	90%
Expected dividend yield							0%	0%
Fair value of convertible debentures	$ 7,394,022
Proceeds from issue of debt								$ 4,901,393		$ 5,750,000
Exchange of EB Loan for Amended EB Loan								5,043,103
Interest expense							729,848	1,274,998		908,766
Gain loss on extinguishment of debt								$ (2,428,900)
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate							1.24%	0.83%
Top of range [member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate							2.75%	1.48%
2019 series convertible debentures [member]
IfrsStatementLineItems [Line Items]
Principal amount												$ 1,315,000	$ 13,047,122
Conversion of notes to shares | shares								175,331		1,739,615
Conversion price and warrant exercise price | $ / shares												$ 7.50	$ 7.50
Interest rate								6%	6%	6%	6%	6%	6%
Fair value of convertible debentures								$ 2,603,875		$ 10,189,558
2019 series convertible debentures [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares									$ 11.65
Expected term								1 year 4 months 9 days
Expected volatility								98.50%
Risk-free interest rate								0.21%
Exchange rate								0.7651
2019 series convertible debentures [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares									14.15
Expected term								1 year 10 months 24 days
Expected volatility								179%
Risk-free interest rate								0.27%
Exchange rate								0.8286
2019 series convertible debentures [member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares									$ 11.65		$ 7.05
Expected term								1 year 4 months 9 days		1 year 10 months 6 days
Expected volatility								98.50%		168.65%
Risk-free interest rate								0.21%		0.26%
Exchange rate								0.7651		0.6899
2019 series convertible debentures [member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares								$ 14.15		$ 18
Expected term								1 year 10 months 24 days		2 years 6 months 7 days
Expected volatility								179%		181.93%
Risk-free interest rate								0.27%		0.96%
Exchange rate								0.8286		0.7651
2019 series convertible debentures [member] | Common Shares [member]
IfrsStatementLineItems [Line Items]
Conversion of notes to shares | shares								175,331		1,739,615
Common shares value								$ 1,500,214		$ 5,152,023
2019 series convertible debentures [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Conversion of notes to shares | shares								175,331
Warrants value								$ 1,103,661		$ 5,037,535
Conversion of notes to warrants | shares								175,331		1,739,615
2020 series convertible debentures [member]
IfrsStatementLineItems [Line Items]
Principal amount								$ 11,651,393	$ 11,651,393
Conversion of notes to shares | shares								1,553,518
Interest rate								10%	10%			10%
Expected dividend yield								0%
Fair value of convertible debentures								$ 16,460,505
Conversion price | $ / shares								$ 7.50	$ 7.50
Warrant exercise price | $ / shares								15	$ 15
2020 series convertible debentures [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares								$ 7.79
Expected term								1 year 5 months 8 days
Expected volatility								95%
Risk-free interest rate								0.09%
2020 series convertible debentures [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares								$ 9.92
Expected term								1 year 9 months 7 days
Expected volatility								98.50%
Risk-free interest rate								0.13%
2020 series convertible debentures [member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares								$ 7.79
Expected term								1 year 5 months 8 days
Expected volatility								95%
Risk-free interest rate								0.09%
2020 series convertible debentures [member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares								$ 9.92
Expected term								1 year 9 months 7 days
Expected volatility								98.50%
Risk-free interest rate								0.13%
2020 series convertible debentures [member] | Common Shares [member]
IfrsStatementLineItems [Line Items]
Conversion of notes to shares | shares								1,553,518
Common shares value								$ 12,204,391
2020 series convertible debentures [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants value								$ 4,256,114
Conversion of notes to warrants | shares								1,134,305
2020 Series Convertible Debentures One [member]
IfrsStatementLineItems [Line Items]
Principal amount								$ 2,901,393	$ 2,901,393
Fair value of convertible debentures				$ 4,282,477
Proceeds from convertible debt				2,000,000				2,901,393
Proceeds from issue of debt								2,901,393
2020 Series Convertible Debentures One [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants value				$ 618,916
Conversion of notes to warrants | shares				224,719
Proceeds from convertible debt				$ 2,000,000
Convertible debt				$ 1,381,084
Amended EB Loan [member]
IfrsStatementLineItems [Line Items]
Principal amount	5,000,000		$ 5,000,000
Fair value of convertible debentures	$ 4,931,813
Conversion price | $ / shares	$ 10.25		$ 11.25
Warrant exercise price | $ / shares	$ 15
Convertible debt			$ 1,000,000
Maturity			The amendment extended the maturity date by one year
Exchange of EB Loan for Amended EB Loan								5,043,103
Line of credit carrying value								$ 0	$ 0	$ 4,919,507	$ 4,919,507
Gain loss on extinguishment of debt	$ 2,462,209					$ 2,428,900	$ 2,428,900
Amended EB Loan [member] | Lender [Member]
IfrsStatementLineItems [Line Items]
Conversion price | $ / shares	$ 10.25
Warrant exercise price | $ / shares	$ 15
Proceeds from convertible debt	$ 5,000,000
Amended EB Loan [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrant exercise price | $ / shares			$ 15
Warrant exercisable period			3 years
EB CD [member]
IfrsStatementLineItems [Line Items]
Expected term							1 year 5 months 23 days	1 year 3 months 3 days
Conversion price | $ / shares			$ 10.25
Exchange of EB Loan for Amended EB Loan
E B Loan [Member]
IfrsStatementLineItems [Line Items]
Principal amount			$ 5,000,000
Exchange of EB Loan for Amended EB Loan			5,043,103					$ 5,043,103
Former Amended E B Loan [Member]
IfrsStatementLineItems [Line Items]
Principal amount			5,000,000
Interest expense			76,412
Line of credit carrying value			5,076,412
Gain loss on extinguishment of debt			$ 33,309
Two Thousand Twenty Series Debentures [Member]
IfrsStatementLineItems [Line Items]
Interest rate		10%						5%	5%			5%
Conversion price | $ / shares		$ 7.50						$ 11.25	$ 11.25
Maturity								mature twenty-four (24) months
Discount on offering price		15%
Exercise price | $ / shares		$ 15
Trading price		$ 30
Public offering aggregate amount		$ 30,000,000
Two Thousand Twenty Series Debentures [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Interest rate								5%	5%			5%
Conversion price | $ / shares								$ 7.50	$ 7.50
Two Thousand Twenty Series Debentures [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Interest rate								10%	10%			10%
Two Thousand Twenty Series Debentures [Member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Interest rate								5%	5%			5%
Conversion price | $ / shares								$ 7.50	$ 7.50
Two Thousand Twenty Series Debentures [Member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Interest rate								10%	10%			10%
Two Thousand Twenty Series One Up Debentures [Member]
IfrsStatementLineItems [Line Items]
Fair value of convertible debentures								$ 3,078,550
Conversion price | $ / shares								$ 9.50	$ 9.50
Two Thousand Twenty Series One Up Debentures [Member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Conversion price | $ / shares								$ 7.50	$ 7.50
Two thousand twenty series standby debentures [member]
IfrsStatementLineItems [Line Items]
Fair value of convertible debentures					$ 8,000,000
Two thousand twenty series standby debentures [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding | shares				224,719
Two thousand twenty series standby debentures [member] | Minimum [Member]
IfrsStatementLineItems [Line Items]
Conversion price | $ / shares					$ 7.50
Two thousand twenty series standby debentures [member] | Maximum [Member]
IfrsStatementLineItems [Line Items]
Conversion price | $ / shares					$ 8.90
Two thousand twenty series standby debentures [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants value				$ 2,000,000
Warrant exercise price | $ / shares				$ 15
Warrant exercisable period				2 years
Remaining of convertible debentures				$ 6,000,000

Schedule of measured warrants (

Schedule of measured warrants (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Issued in private placement of convertible debt		$ 618,916
Liability Warrants [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	$ 4,868,703	14,135,321	$ 296,795
Issued on conversion of convertible debt		1,103,661
Exercised		(2,134,116)	1,345,573
Issued in private placement of units			991,709
Change in fair value	(4,748,893)	(9,037,108)	6,189,921
Foreign exchange	(69,916)	800,945	807,934
Ending Balance	49,894	4,868,703	14,135,321
Issued in acquisition of Frankly			2,157,000
Issued on conversion of convertible debt		1,103,661	5,037,535
Exercised		2,134,116	(1,345,573)
Equity Warrants [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	11,666,503
Issued on conversion of convertible debt		4,256,114
Issued in private placement of units - transaction costs		(582,333)
Issued in private placement of units		7,373,806
Issued in private placement of convertible debt		618,916
Ending Balance	$ 11,666,503	11,666,503
Issued on conversion of convertible debt		$ 4,256,114

Schedule of outstanding warrant

Schedule of outstanding warrants (Details)	12 Months Ended
	Aug. 31, 2022 shares $ / shares	Aug. 31, 2022 shares $ / shares	Aug. 31, 2021 shares $ / shares	Aug. 31, 2021 shares $ / shares	Aug. 31, 2020 shares $ / shares	Aug. 31, 2020 shares $ / shares
IfrsStatementLineItems [Line Items]
Weighted-average exercise price, Outstanding, beginning		$ 8.96
Number of warrants, Issued in private placement of convertible debt | shares			224,719	224,719
Weighted-average exercise price, outstanding, ending				$ 8.96
Number of warrants, issued | shares	966,691	966,691
Liability Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding, beginning | shares	1,452,843	1,452,843	2,405,369	2,405,369	29,318	29,318
Weighted-average exercise price, Outstanding, beginning		$ 8.96		$ 9.60		$ 448.50
Number of warrants, Issued on conversion of convertible debt | shares			175,331	175,331
Weighted average exercise price, outstanding, Issued on conversion of convertible debt				$ 7.50
Number of warrants, Exercised | shares			(901,060)	(901,060)	(654,543)	(654,543)
Weighted average exercise price, Exercised				$ 9.27		$ 7.50
Number of warrants, Expired | shares	(123,159)	(123,159)	(226,797)	(226,797)	(25,275)	(25,275)
Weighted average exercise price, Expired		$ 9.24		$ 13.43		$ 551.26
Number of warrants, outstanding, ending | shares	1,329,684	1,329,684	1,452,843	1,452,843	2,405,369	2,405,369
Weighted-average exercise price, outstanding, ending		$ 8.93		$ 8.96		$ 9.60
Weighted average exercise price, Issued on conversion of convertible debt				$ 7.50
Number of warrants, issued | shares					1,990,890	1,990,890
Weighted average exercise price, Issued						$ 8.45
Number of warrants, Issued on acquisition of UMG | shares					9,943	9,943
Weighted average exercise price, Issued on acquisition of UMG						$ 174.18
Issued in acquisition of Frankly, Number of warrants | shares					1,055,036	1,055,036
Weighted average exercise price, Issued on acquisition of UMG						$ 9.69
Equity Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding, beginning | shares	3,736,296	3,736,296
Weighted-average exercise price, Outstanding, beginning	$ 15
Number of warrants, Issued on conversion of convertible debt | shares			1,134,305	1,134,305
Number of warrants, Issued in private placement of convertible debt | shares			224,719	224,719
Weighted average exercise price, Issued in private placement of convertible debt			$ 15
Number of warrants, Issued in private placement of units | shares			2,377,272	2,377,272
Weighted average exercise price, Issued in private placement of units			$ 15
Number of warrants, outstanding, ending | shares	3,736,296	3,736,296	3,736,296	3,736,296
Weighted-average exercise price, outstanding, ending	$ 15		$ 15
Weighted average exercise price, Issued on conversion of convertible debt			$ 15

Schedule of warrants issued and

Schedule of warrants issued and outstanding (Details)	12 Months Ended
	Aug. 31, 2022 shares $ / shares	Aug. 31, 2021 shares $ / shares	Aug. 31, 2022 shares $ / shares	Aug. 31, 2021 shares $ / shares	Aug. 31, 2020 shares $ / shares	Aug. 31, 2020 shares $ / shares	Aug. 31, 2019 shares $ / shares
IfrsStatementLineItems [Line Items]
Warrants outstanding, Average exercise price				$ 8.96
Liability Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding | shares	1,329,684	1,452,843	1,329,684	1,452,843	2,405,369	2,405,369	29,318
Warrants outstanding, Average exercise price			$ 8.93	$ 8.96		$ 9.60	$ 448.50
Warrants outstanding, Average remaining contractual life	1 year 7 months 24 days	2 years 5 months 19 days
Equity Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding | shares	3,736,296	3,736,296	3,736,296	3,736,296
Warrants outstanding, Average exercise price	$ 15	$ 15
Warrants outstanding, Average remaining contractual life	1 year 4 months 2 days	2 years 4 months 2 days
Warrant One [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Dec. 20, 2022	Mar. 13, 2022
Number of warrants, outstanding | shares	29,066	123,159	29,066	123,159
Warrants outstanding, Average exercise price			$ 27	$ 10.50
Warrants outstanding, Average remaining contractual life	3 months 18 days	6 months 10 days
Warrant Two [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Mar. 20, 2023	Dec. 20, 2022
Number of warrants, outstanding | shares	27,777	29,066	27,777	29,066
Warrants outstanding, Average exercise price			$ 13.50	$ 27
Warrants outstanding, Average remaining contractual life	6 months 18 days	1 year 3 months 18 days
Warrant Three [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Mar. 30, 2023	Mar. 20, 2023
Number of warrants, outstanding | shares	46,909	27,777	46,909	27,777
Warrants outstanding, Average exercise price			$ 13.50	$ 13.50
Warrants outstanding, Average remaining contractual life	6 months 29 days	1 year 6 months 18 days
Warrant Four [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Mar. 31, 2023	Mar. 30, 2023
Number of warrants, outstanding | shares	17,222	46,909	17,222	46,909
Warrants outstanding, Average exercise price			$ 13.50	$ 13.50
Warrants outstanding, Average remaining contractual life	6 months 29 days	1 year 6 months 29 days
Warrant Five [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	May 27, 2023	Mar. 31, 2023
Number of warrants, outstanding | shares	130,304	17,222	130,304	17,222
Warrants outstanding, Average exercise price			$ 13.50	$ 13.50
Warrants outstanding, Average remaining contractual life	8 months 26 days	1 year 6 months 29 days
Warrant Six [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Jul. 08, 2024	May 27, 2023
Number of warrants, outstanding | shares	445,982	130,304	445,982	130,304
Warrants outstanding, Average exercise price			$ 7.50	$ 13.50
Warrants outstanding, Average remaining contractual life	1 year 10 months 6 days	1 year 8 months 26 days
Warrant Seven [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Jul. 25, 2024	Jul. 08, 2024
Number of warrants, outstanding | shares	401,624	445,982	401,624	445,982
Warrants outstanding, Average exercise price			$ 7.50	$ 7.50
Warrants outstanding, Average remaining contractual life	1 year 10 months 24 days	2 years 10 months 6 days
Warrant Eight [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Aug. 08, 2024	Jul. 25, 2024
Number of warrants, outstanding | shares	230,800	401,624	230,800	401,624
Warrants outstanding, Average exercise price			$ 7.50	$ 7.50
Warrants outstanding, Average remaining contractual life	1 year 11 months 8 days	2 years 10 months 24 days
Equity Warrant One [member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Nov. 20, 2022	Nov. 20, 2022
Number of warrants, outstanding | shares	224,719	224,719	224,719	224,719
Warrants outstanding, Average exercise price	$ 15	$ 15
Warrants outstanding, Average remaining contractual life	2 months 19 days	1 year 2 months 19 days
Equity Warrant Two [member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Jan. 08, 2024	Jan. 08, 2024
Number of warrants, outstanding | shares	1,868,787	1,868,787	1,868,787	1,868,787
Warrants outstanding, Average exercise price	$ 15	$ 15
Warrants outstanding, Average remaining contractual life	1 year 4 months 9 days	2 years 4 months 9 days
Equity Warrant Three [member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Jan. 22, 2024	Jan. 22, 2024
Number of warrants, outstanding | shares	522,898	522,898	522,898	522,898
Warrants outstanding, Average exercise price	$ 15	$ 15
Warrants outstanding, Average remaining contractual life	1 year 4 months 20 days	2 years 4 months 20 days
Equity Warrant Four [member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Feb. 24, 2024	Feb. 24, 2024
Number of warrants, outstanding | shares	1,058,227	1,058,227	1,058,227	1,058,227
Warrants outstanding, Average exercise price	$ 15	$ 15
Warrants outstanding, Average remaining contractual life	1 year 5 months 23 days	2 years 5 months 23 days
Equity Warrant Five [member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Aug. 19, 2024	Aug. 19, 2024
Number of warrants, outstanding | shares	49,999	49,999	49,999	49,999
Warrants outstanding, Average exercise price	$ 15	$ 15
Warrants outstanding, Average remaining contractual life	1 year 11 months 19 days	2 years 11 months 19 days
Equity Warrant Six [member]
IfrsStatementLineItems [Line Items]
Warrants expiry date	Sep. 15, 2024	Sep. 15, 2024
Number of warrants, outstanding | shares	11,666	11,666	11,666	11,666
Warrants outstanding, Average exercise price	$ 15	$ 15
Warrants outstanding, Average remaining contractual life	2 years 14 days	3 years 14 days
Equity Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding | shares	3,736,296	3,736,296	3,736,296	3,736,296
Warrants outstanding, Average exercise price	$ 15	$ 15
Warrant Nine [Member]
IfrsStatementLineItems [Line Items]
Warrants expiry date		Aug. 08, 2024
Number of warrants, outstanding | shares		230,800		230,800
Warrants outstanding, Average exercise price				$ 7.50
Warrants outstanding, Average remaining contractual life		2 years 11 months 8 days

Warrants (Details Narrative)

Warrants (Details Narrative) $ / shares in Units, $ / shares in Units, $ in Millions	12 Months Ended
	Aug. 31, 2022 USD ($) shares $ / shares	Aug. 31, 2022 CAD ($) shares $ / shares	Aug. 31, 2021 USD ($) shares $ / shares	Aug. 31, 2021 CAD ($) shares $ / shares	Aug. 31, 2020 USD ($) shares $ / shares	Aug. 31, 2020 USD ($) shares $ / shares	Aug. 31, 2019 USD ($) shares
IfrsStatementLineItems [Line Items]
Expected volatility	90%	90%	90%	90%
Expected dividend yield	0%	0%	0%	0%
Proceeds from exercise of warrant | $			$ 6,866,735		$ 3,574,023
Number of warrants, Issued	966,691	966,691
Number of warrants, Issued in private placement of convertible debt			224,719	224,719
Fair value of warrants Issued in private placement of convertible debt | $			$ 618,916
Transaction costs | $	$ 1,327,990		$ 341,702
Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued on conversion of convertible debt			175,331	175,331
Liability Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrant outstanding	1,329,684		1,452,843		2,405,369	2,405,369	29,318
Fair value of warrants | $	$ 49,894		$ 4,868,703		$ 14,135,321	$ 14,135,321	$ 296,795
Number of warrant exercised			(901,060)	(901,060)	(654,543)
Number of warrants, Issued					1,990,890
Fair value of warrants issued on conversion of convertible debt | $			$ 1,103,661		$ 5,037,535
Number of warrants, Issued on conversion of convertible debt			175,331	175,331
Warrants issued in private placement of units | $					$ 991,709
Private Placement Units [Member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued					251,277
Convertible Debt [member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued			175,331	175,331	1,739,613
Convertible debentures [member]
IfrsStatementLineItems [Line Items]
Expected average life			2 years	2 years
Share price | $ / shares			$ 5.63
Exercise price | $ / shares			$ 15
Expected volatility			200%	200%
Expected dividend yield			0%	0%
Warrantholders [member]
IfrsStatementLineItems [Line Items]
Number of warrant exercised			901,060	901,060
Proceeds from exercise of warrant | $			$ 6,866,735
Warrants intrinsic value | $			2,134,116
Additional share capital | $			$ 9,000,851
CAD Exercise Price [Member] | Convertible debentures [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate			0.16%	0.16%
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares		$ 1.15		$ 7.78
Risk free interest rate	1.24%	1.24%	0.83%	0.83%
Bottom of range [member] | CAD Exercise Price [Member] | Warrantholders [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares			$ 7.50
Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares		$ 3.90		$ 15.08
Risk free interest rate	2.75%	2.75%	1.48%	1.48%
Top of range [member] | CAD Exercise Price [Member] | Warrantholders [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares			$ 9.75
Liability Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrant outstanding	1,329,684		1,452,843		2,405,369	2,405,369
Fair value of warrants | $	$ 49,894		$ 4,868,703		$ 14,135,321	$ 14,135,321
Expected volatility	90%	90%
Expected dividend yield	0%	0%	0%	0%
Proceeds from exercise of warrant | $		$ 11.9		$ 13
Liability Warrants [member] | CAD Exercise Price [Member]
IfrsStatementLineItems [Line Items]
Share price | (per share)		$ 8.93	$ 8.42	$ 8.42		$ 11.65
Liability Warrants [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected average life	3 months 18 days	3 months 18 days	6 months 10 days	6 months 10 days	2 months 23 days
Expected volatility			70%	70%	115%
Risk free interest rate	3.61%	3.61%	0.28%	0.28%	0.23%
Liability Warrants [member] | Bottom of range [member] | CAD Exercise Price [Member]
IfrsStatementLineItems [Line Items]
Exercise price | (per share)	$ 7.50		$ 7.50	$ 7.50		7.50
Liability Warrants [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Expected average life	1 year 7 months 24 days	1 year 7 months 24 days	2 years 11 months 8 days	2 years 11 months 8 days	3 years 11 months 8 days
Expected volatility	3.87%	3.87%	90%	90%	136%
Risk free interest rate			0.63%	0.63%	0.32%
Liability Warrants [member] | Top of range [member] | CAD Exercise Price [Member]
IfrsStatementLineItems [Line Items]
Exercise price | (per share)	$ 27		$ 27	$ 27		205.20
2019 Series [member]
IfrsStatementLineItems [Line Items]
Expected volatility					136%
Expected dividend yield			0%	0%
Number of warrants, Issued			175,331	175,331	1,739,613
Fair value of warrants issued on conversion of convertible debt | $			$ 1,103,661		$ 5,037,535
Estimate of proceeds if exercised | $	$ 56,000,000		$ 56,000,000
Number of warrants, Issued on conversion of convertible debt			175,331	175,331	1,739,613
2019 Series [member] | CAD Exercise Price [Member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares				$ 7.50		7.50
Expected dividend yield					0%
2019 Series [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected average life			3 years 4 months 9 days	3 years 4 months 9 days	3 years 11 months 1 day
Expected volatility			98.50%	98.50%
Risk free interest rate			0.25%	0.25%	0.28%
2019 Series [member] | Bottom of range [member] | CAD Exercise Price [Member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares				$ 9.50		7.05
2019 Series [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Expected average life			3 years 10 months 24 days	3 years 10 months 24 days	4 years 10 months 28 days
Expected volatility			136%	136%
Risk free interest rate			0.54%	0.54%	1.71%
2019 Series [member] | Top of range [member] | CAD Exercise Price [Member]
IfrsStatementLineItems [Line Items]
Share price | (per share)			$ 12.33	$ 12.33		$ 25.65
Equity Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrant outstanding	3,736,296		3,736,296
Number of warrants, Issued on conversion of convertible debt			1,134,305	1,134,305
Number of warrants, Issued in private placement of convertible debt			224,719	224,719
Number of warrants, Issued in private placement of units			2,377,272	2,377,272
Equity Warrants [member] | Private Placements [Member]
IfrsStatementLineItems [Line Items]
Expected average life			3 years	3 years
Exercise price | $ / shares			$ 15
Expected volatility			98.50%	98.50%
Expected dividend yield			0%	0%
Equity Warrants [member] | Finders [Member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued in private placement of units			191,387	191,387
Warrants issued in private placement of units | $			$ 7,373,806
Contributed surplus | $			6,791,473
Transaction costs | $			$ 582,333
Equity Warrants [member] | Bottom of range [member] | Private Placements [Member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares			$ 7.79
Warrant granted percentage			0.29%	0.29%
Equity Warrants [member] | Top of range [member] | Private Placements [Member]
IfrsStatementLineItems [Line Items]
Share price | $ / shares			$ 10
Warrant granted percentage			0.43%	0.43%
2020 Series [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares			$ 15
Expected volatility			98.50%	98.50%
Expected dividend yield			0%	0%
Fair value of warrants issued on conversion of convertible debt | $			$ 4,256,114
Number of warrants, Issued on conversion of convertible debt			1,134,305	1,134,305
Number of warrants, Issued on conversion of convertible debt			1,134,305	1,134,305
2020 Series [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected average life			3 years	3 years
Share price | $ / shares			$ 7.79
Risk free interest rate			0.29%	0.29%
2020 Series [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Expected average life			3 years 6 months	3 years 6 months
Share price | $ / shares			$ 11.17
Risk free interest rate			0.57%	0.57%
Equity Warrant One [member]
IfrsStatementLineItems [Line Items]
Number of warrant outstanding	224,719		224,719
Equity Warrant One [member] | Finders [Member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued in private placement of units			2,185,885	2,185,885
Warrants issued in private placement of units | $			$ 6,603,243
Equity Warrant Two [member]
IfrsStatementLineItems [Line Items]
Number of warrant outstanding	1,868,787		1,868,787
Equity Warrant Two [member] | Finders [Member]
IfrsStatementLineItems [Line Items]
Number of warrants, Issued in private placement of units			191,387	191,387
Warrants issued in private placement of units | $			$ 770,563

Schedule of shares issued and o

Schedule of shares issued and outstanding (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Balance	$ 15,304,817	$ (10,059,078)	$ (7,667,182)
Shares issued on vesting of RSUs		180,000
Common shares issued on exercise of options		186,255
Convertible debt conversion		17,960,719	5,152,023
Common shares issued on private placement, net of costs		31,017,374
EB bonus shares		54,061
Shares for debt		226,556
Common shares issued on exercise of warrants		9,000,851	4,919,596
Shares issued on acquisition of UMG		4,207,000	3,846,223
Balance	$ 15,702,398	15,304,817	(10,059,078)
Private placements, net of costs			2,694,076
Shares issued for debt conversion			724,231
Shares issued on acquisition of Frankly			12,155,000
Shares issued on acquisition of Winview			7,579,000
Shares issued on acquisition of Driver Database			859,745
Shares issued on acquisition of Lets Go Racing			$ 1,719,491
Shares issued on acquisition of SideQik		$ 4,207,000
Issued capital [member]
IfrsStatementLineItems [Line Items]
Balance, shares	15,543,309	7,746,136	156,438
Balance	$ 122,741,230	$ 69,380,807	$ 29,613,406
Shares issued on vesting of RSUs (in shares)	203,537	277,749	26,666
Shares issued on vesting of RSUs	$ 1,489,962	$ 1,895,891	$ 159,895
Shares issued under shares for services	$ 666,667
Shares issued under shares for services, shares	57,029
Common shares issued on exercise of options (in shares)		20,833
Common shares issued on exercise of options		$ 290,558
Convertible debt conversion (in shares)		1,728,848	1,739,615
Convertible debt conversion		$ 13,704,605	$ 5,152,023
Common shares issued on private placement, net of costs (in shares)		4,435,433
Common shares issued on private placement, net of costs		$ 24,225,901
EB bonus shares (in shares)		6,666
EB bonus shares		$ 54,061
Shares for debt (in shares)		40,000
Shares for debt		$ 226,556
Common shares issued on exercise of warrants (in shares)		901,060	654,543
Common shares issued on exercise of warrants		$ 9,000,851	$ 4,919,596
Shares issued on acquisition of UMG (in shares)		386,584	288,560
Shares issued on acquisition of UMG		$ 3,962,000	$ 3,804,344
Balance, shares	15,803,875	15,543,309	7,746,136
Balance	$ 124,897,859	$ 122,741,230	$ 69,380,807
Impact of share consolidation (in shares)			(114)
Impact of share consolidation
Private placements, net of costs (in shares)			502,562
Private placements, net of costs			$ 2,694,076
Shares issued for debt conversion (in shares)			59,654
Shares issued for debt conversion			$ 724,231
Shares issued on acquisition of Frankly (in shares)			2,258,215
Shares issued on acquisition of Frankly			$ 12,155,000
Shares issued on acquisition of Winview (in shares)			1,759,997
Shares issued on acquisition of Winview			$ 7,579,000
Shares issued on acquisition of Driver Database (in shares)			100,000
Shares issued on acquisition of Driver Database			$ 859,745
Shares issued on acquisition of Lets Go Racing (in shares)			200,000
Shares issued on acquisition of Lets Go Racing			$ 1,719,491
Shares issued on acquisition of SideQik		$ 3,962,000
Shares issued on acquisition of SideQik (in shares)		386,584

Schedule of private placement (

Schedule of private placement (Details)	12 Months Ended
	Aug. 31, 2021 USD ($) shares
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ 31,017,374
Issued capital [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ 24,225,901
Common shares issued on private placement, net of costs, shares | shares	4,435,433
Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued on private placement, net of costs, shares | shares	2,377,272
Contributed Surplus [Member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ 6,791,473
Units issued in private placement [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	32,788,253
Units issued in private placement [member] | Issued capital [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ 26,185,009
Common shares issued on private placement, net of costs, shares | shares	4,371,767
Units issued in private placement [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued on private placement, net of costs, shares | shares	2,185,885
Units issued in private placement [member] | Contributed Surplus [Member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ 6,603,244
Cash commissions [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	(1,681,477)
Cash commissions [member] | Issued capital [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ (1,345,736)
Common shares issued on private placement, net of costs, shares | shares
Cash commissions [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued on private placement, net of costs, shares | shares
Cash commissions [member] | Contributed Surplus [Member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ (335,741)
Regulatory and legal fees [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	(89,402)
Regulatory and legal fees [member] | Issued capital [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ (71,522)
Common shares issued on private placement, net of costs, shares | shares
Regulatory and legal fees [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued on private placement, net of costs, shares | shares
Regulatory and legal fees [member] | Contributed Surplus [Member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ (17,880)
Finders units issued [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs
Finders units issued [member] | Issued capital [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ 383,720
Common shares issued on private placement, net of costs, shares | shares	63,666
Finders units issued [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued on private placement, net of costs, shares | shares	31,833
Finders units issued [member] | Contributed Surplus [Member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ 93,775
Finders units considered as transaction costs [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs
Finders units considered as transaction costs [member] | Issued capital [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ (383,720)
Common shares issued on private placement, net of costs, shares | shares
Finders units considered as transaction costs [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued on private placement, net of costs, shares | shares
Finders units considered as transaction costs [member] | Contributed Surplus [Member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ (93,775)
Finders warrants issued [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs
Finders warrants issued [member] | Issued capital [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs
Common shares issued on private placement, net of costs, shares | shares
Finders warrants issued [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued on private placement, net of costs, shares | shares	159,554
Finders warrants issued [member] | Contributed Surplus [Member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ 676,787
Finders warrants considered as transaction costs [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs
Finders warrants considered as transaction costs [member] | Issued capital [member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ (541,850)
Common shares issued on private placement, net of costs, shares | shares
Finders warrants considered as transaction costs [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued on private placement, net of costs, shares | shares
Finders warrants considered as transaction costs [member] | Contributed Surplus [Member]
IfrsStatementLineItems [Line Items]
Proceeds from issuance on private placement, net of costs	$ (134,937)

Share capital (Details Narrativ

Share capital (Details Narrative)											1 Months Ended		3 Months Ended			12 Months Ended
	Jul. 02, 2021 shares	Jun. 13, 2020 USD ($) shares	Jun. 13, 2020 CAD ($) shares	Jun. 03, 2020 shares	May 08, 2020 shares	Mar. 20, 2020 USD ($) shares	Mar. 20, 2020 CAD ($) shares	Dec. 31, 2019 shares	Dec. 18, 2019 USD ($) $ / shares shares	Dec. 18, 2019 CAD ($) $ / shares shares	Feb. 28, 2021 USD ($) $ / shares shares	Jan. 31, 2021 USD ($) $ / shares shares	May 31, 2021 USD ($) shares	May 31, 2021 CAD ($) $ / shares shares	May 31, 2020 USD ($) shares	Aug. 31, 2022 USD ($) shares	Aug. 31, 2021 USD ($) $ / shares shares	Aug. 31, 2020 USD ($) shares	Apr. 30, 2020 shares
IfrsStatementLineItems [Line Items]
Number of shares issued																			966,667
proceeds from offering | $																	$ 31,017,374
Amount due to lender | $																5,588	33,349	$ 275,502
Issued capital | $																$ 124,897,859	122,741,230	$ 69,380,807
SideQik, Inc. [Member]
IfrsStatementLineItems [Line Items]
Acquisition shares	386,584
Acquisition shares value	3,962,000
UMG [member]
IfrsStatementLineItems [Line Items]
Acquisition shares								288,560
Acquisition shares value								3,804,344
Frankly [member]
IfrsStatementLineItems [Line Items]
Acquisition shares					2,258,215
Acquisition shares value					12,155,000
Win View [Member]
IfrsStatementLineItems [Line Items]
Acquisition shares					1,759,997
Acquisition shares value					7,579,000
Driver D B [Member]
IfrsStatementLineItems [Line Items]
Acquisition shares				100,000
Acquisition shares value				859,745
Lets Go Racing [Member]
IfrsStatementLineItems [Line Items]
Acquisition shares				200,000
Acquisition shares value				1,719,491
Lender [Member]
IfrsStatementLineItems [Line Items]
Amount due to lender | $																	$ 100,000
Restricted stock units [member]
IfrsStatementLineItems [Line Items]
Number of shares vesting																	277,749
Restricted stock units [member] | SideQik, Inc. [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued for SideQik acquisition																		26,666
Private Placements [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued		13,354	13,354			46,300	46,300		58,133	58,133	4,371,767	4,371,767	444,429	444,429			4,371,767	502,562
Proceeds from issue of ordinary shares		$ 91,709	$ 125,000			$ 632,522	$ 900,003		$ 830,907	$ 1,090,000	$ 32,788,253	$ 32,788,253	$ 2,875,593	$ 3,999,860
Share price | (per share)									$ 14.25	$ 18.75	$ 15	$ 15		$ 9
Prospectus aggregate amount | $											$ 30,000,000	$ 30,000,000
Closing share price | $ / shares											$ 30	$ 30
Commissions | $																	$ 1,681,477
legal fees | $																	89,402
proceeds from offering | $																	$ 31,017,374
Warrants issued																	2,217,718
Warrants exercise price | $ / shares										$ 27				$ 13.50
Allocated common shares value									612,745	612,745			2,102,047	2,102,047
Allocated common shares									58,133	58,133			444,429	444,429
Allocated warrants value | $									$ 218,162						$ 773,546
Allocated warrants issued									29,067	29,067					222,214
Private Placements [Member] | Finders Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrants issued																	159,554
Warrants exercise price | $ / shares																	$ 15
Percentage of issued																	50%
Private Placements [Member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued																	2,377,272
Private Placements [Member] | Finders [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued																	63,666
Warrants issued																	63,666
Issued capital [member]
IfrsStatementLineItems [Line Items]
Shares issued on vesting of RSUs (in shares)																203,537	277,749	26,666
Shares for services																57,029
Common Stocks [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued																	6,666	1,739,615
Proceeds from issue of ordinary shares | $																		$ 3,574,023
Number of shares vesting																	20,833
Conversion of convertible debt shares																	1,728,848
Cancelation shares																	40,000
Debt | $																	$ 226,556
Number of shares issued, value | $																	$ 54,061
Issued capital | $																		$ 4,919,596
Common Stocks [Member] | Private Placements [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued																	4,435,433
Warrants [member]
IfrsStatementLineItems [Line Items]
Number of shares issued																	901,060	654,543
Intrinsic value of warrants on exercise | $																		$ 1,345,573

Disclosure of detailed inform_9

Disclosure of detailed information about number and weighted average exercise prices of share options (Details)	12 Months Ended
	Aug. 31, 2022 shares $ / shares	Aug. 31, 2022 shares $ / shares	Aug. 31, 2021 shares $ / shares	Aug. 31, 2021 shares $ / shares	Aug. 31, 2020 shares $ / shares	Aug. 31, 2019 shares $ / shares
IfrsStatementLineItems [Line Items]
Number of stok options, Outstanding, beginning of period | shares	692,938	692,938	253,121	253,121	6,971
Weighted average exercise price, Outstanding, beginning of period | (per share)	$ 11.64	$ 14.86	$ 12.73		$ 166.20
Weighted average grant date fair value, Outstanding, beginning of period	$ 7.06		$ 4.39		$ 49.86
Options outstanding, remaining contractual term, ending of period	5 years 7 months 20 days	5 years 7 months 20 days	4 years 5 months 15 days	4 years 5 months 15 days	4 years 3 months 21 days	5 years 10 months 2 days
Number of stok options, Outstanding, beginning of period | shares	953,957	953,957	487,466	487,466	169,995
Weighted average exercise price, Outstanding, beginning of period	$ 1.41		$ 11.77		$ 7.91
Weighted average grant date fair value, Outstanding, beginning of period	$ 0.75		$ 8.16		$ 4.38
Number of stok options, Outstanding, beginning of period | shares			(20,833)	(20,833)
Weighted average exercise price, Outstanding, beginning of period			$ 7.91
Weighted average grant date fair value, Outstanding, beginning of period			$ 4.38
Number of stok options, Outstanding, beginning of period | shares	(503,713)	(503,713)	(26,816)	(26,816)	(5,110)
Weighted average exercise price, Outstanding, beginning of period	$ 9.76		$ 27.20		$ 185.97
Weighted average grant date fair value, Outstanding, beginning of period	$ 5.61		$ 6.51		$ 55.79
Number of stok options, Outstanding, ending of period | shares	1,143,182	1,143,182	692,938	692,938	253,121	6,971
Weighted average exercise price, Outstanding, ending of period | (per share)	$ 3.93	$ 5.01	$ 11.64	$ 14.86	$ 12.73	$ 166.20
Weighted average grant date fair value, Outstanding, ending of period	$ 2.43		$ 7.06		$ 4.39	$ 49.86
Options outstanding, remaining contractual term, ending of period			4 years 5 months 15 days	4 years 5 months 15 days	4 years 3 months 21 days
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	4 years 3 months 21 days
Number of stok options, Outstanding, beginning of period | shares	555,934	555,934	209,950	209,950	191,730
Weighted average exercise price, Outstanding, beginning of period	$ 3.89		$ 13.01
Weighted average grant date fair value, Outstanding, beginning of period	$ 2.29		$ 4.30
Options exercisable, remaining contractual term, end of period	5 years 7 months 24 days	5 years 7 months 24 days	2 years 4 months 6 days	2 years 4 months 6 days
UMG [member]
IfrsStatementLineItems [Line Items]
Number of stok options, Issued on acquisition | shares					16,606
Weighted average exercise price, Issued on acquisition					$ 63.30
Weighted average grant date fair value, Issued on acquisition					$ 2.32
Frankly [member]
IfrsStatementLineItems [Line Items]
Number of stok options, Issued on acquisition | shares					64,659
Weighted average exercise price, Issued on acquisition					$ 9.22
Weighted average grant date fair value, Issued on acquisition					$ 5.07

Disclosure of detailed infor_10

Disclosure of detailed information about options issued and outstanding (Details)	12 Months Ended
	Aug. 31, 2022 shares $ / shares	Aug. 31, 2021 shares $ / shares	Aug. 31, 2020 shares $ / shares	Aug. 31, 2019 shares $ / shares	Aug. 31, 2022 shares $ / shares	Aug. 31, 2021 shares $ / shares
IfrsStatementLineItems [Line Items]
Outstanding options	1,143,182	692,938	253,121	6,971	1,143,182	692,938
Weighted average exercise price | (per share)	$ 3.93	$ 11.64	$ 12.73	$ 166.20	$ 5.01	$ 14.86
Weighted average remaining contractual term	5 years 7 months 20 days	4 years 5 months 15 days	4 years 3 months 21 days	5 years 10 months 2 days
Option one [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Apr. 01, 2023	Dec. 10, 2021
Outstanding options	47,499	1,564			47,499	1,564
Weighted average exercise price | (per share)	$ 7.91	$ 71.84			$ 11.25	$ 93.30
Weighted average remaining contractual term	6 months 29 days	3 months 10 days
Option two [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Aug. 25, 2025	Jun. 30, 2022
Outstanding options	340	4,428			340	4,428
Weighted average exercise price | (per share)	$ 76.43	$ 118.15			$ 106.50	$ 153.45
Weighted average remaining contractual term	2 years 11 months 26 days	9 months 29 days
Option three [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Feb. 10, 2026	Apr. 01, 2023
Outstanding options	1,338	84,165			1,338	84,165
Weighted average exercise price | (per share)	$ 76.43	$ 7.91			$ 106.50	$ 11.25
Weighted average remaining contractual term	3 years 5 months 12 days	1 year 6 months 29 days
Option four [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	May 23, 2026	Oct. 31, 2023
Outstanding options	9	64,997			9	64,997
Weighted average exercise price | (per share)	$ 76.43	$ 7.91			$ 106.50	$ 11.25
Weighted average remaining contractual term	3 years 8 months 23 days	2 years 2 months 1 day
Option five [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jun. 24, 2026	Jan. 29, 2025
Outstanding options	146,433	46			146,433	46
Weighted average exercise price | (per share)	$ 12.21	$ 76.43			$ 15.04	$ 106.50
Weighted average remaining contractual term	3 years 9 months 25 days	3 years 5 months 1 day
Option six [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jul. 02, 2026	Aug. 25, 2025
Outstanding options	45,010	340			45,010	340
Weighted average exercise price | (per share)	$ 12.21	$ 76.43			$ 15.08	$ 106.50
Weighted average remaining contractual term	3 years 10 months 2 days	3 years 11 months 26 days
Option seven [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Aug. 20, 2026	Sep. 23, 2025
Outstanding options	10,000	11			10,000	11
Weighted average exercise price | (per share)	$ 6.05	$ 76.43			$ 7.78	$ 106.50
Weighted average remaining contractual term	3 years 11 months 19 days	4 years 25 days
Option eight [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Mar. 03, 2027	Feb. 10, 2026
Outstanding options	1,003	1,443			1,003	1,443
Weighted average exercise price | (per share)	$ 76.43	$ 76.43			$ 106.50	$ 106.50
Weighted average remaining contractual term	4 years 6 months 3 days	4 years 5 months 12 days
Option nine [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Nov. 03, 2027	May 19, 2026
Outstanding options	133	4			133	4
Weighted average exercise price | (per share)	$ 76.43	$ 76.43			$ 106.50	$ 106.50
Weighted average remaining contractual term	5 years 2 months 4 days	4 years 8 months 19 days
Option ten [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Nov. 07, 2029	May 23, 2026
Outstanding options	30,755	9			30,755	9
Weighted average exercise price | (per share)	$ 5.38	$ 76.43			$ 7.50	$ 106.50
Weighted average remaining contractual term	7 years 2 months 8 days	4 years 8 months 23 days
Option eleven [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jun. 14, 2031	Jun. 24, 2026
Outstanding options	10,683	375,188			10,683	375,188
Weighted average exercise price | (per share)	$ 11.69	$ 12.21			$ 14.20	$ 15.04
Weighted average remaining contractual term	8 years 9 months 14 days	4 years 9 months 25 days
Option twelve [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Nov. 23, 2031	Jul. 01, 2026
Outstanding options	10,000	10,000			10,000	10,000
Weighted average exercise price | (per share)	$ 9.82	$ 12			$ 12.45	$ 14.87
Weighted average remaining contractual term	9 years 2 months 26 days	4 years 10 months 2 days
Option thirteen [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Jan. 31, 2027	Jul. 02, 2026
Outstanding options	15,000	57,762			15,000	57,762
Weighted average exercise price | (per share)	$ 3.07	$ 12.21			$ 3.90	$ 15.08
Weighted average remaining contractual term	4 years 5 months 1 day	4 years 10 months 2 days
Option fourteen [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Apr. 12, 2027	Aug. 20, 2026
Outstanding options	100,000	32,500			100,000	32,500
Weighted average exercise price | (per share)	$ 2.27	$ 6.05			$ 2.87	$ 7.78
Weighted average remaining contractual term	4 years 7 months 13 days	4 years 11 months 19 days
Option fifteen [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	Aug. 10, 2027	Mar. 03, 2027
Outstanding options	100,000	1,256			100,000	1,256
Weighted average exercise price | (per share)	$ 1.15	$ 76.43			$ 1.47	$ 106.50
Weighted average remaining contractual term	4 years 11 months 12 days	5 years 6 months 3 days
Option sixteen [member]
IfrsStatementLineItems [Line Items]
Options, expiry date	May 26, 2029	Jul. 31, 2027
Outstanding options	624,979	159			624,979	159
Weighted average exercise price | (per share)	$ 1.16	$ 76.43			$ 1.49	$ 106.50
Weighted average remaining contractual term	6 years 8 months 26 days	5 years 11 months 1 day
Option Seventeen [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		6 years 2 months 4 days
Option Eighteen [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date		Nov. 07, 2029
Outstanding options		46,251				46,251
Weighted average exercise price | (per share)		$ 5.38				$ 7.50
Weighted average remaining contractual term		8 years 2 months 8 days
Option Ninteen [Member]
IfrsStatementLineItems [Line Items]
Options, expiry date		Apr. 20, 2030
Outstanding options		666				666
Weighted average exercise price | (per share)		$ 5.06				$ 7.05
Weighted average remaining contractual term		8 years 7 months 20 days
Option Twenty [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		9 years 3 months 3 days
Option Twenty One [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 9 months 14 days

Stock options (Details Narrativ

Stock options (Details Narrative)	12 Months Ended
	Aug. 31, 2022 USD ($) shares	Aug. 31, 2022 shares $ / shares	Aug. 31, 2021 USD ($) shares	Aug. 31, 2021 shares $ / shares	Aug. 31, 2020 USD ($) shares	Oct. 06, 2021	Aug. 31, 2019 shares
IfrsStatementLineItems [Line Items]
Options exercisable period	5 years 7 months 24 days		2 years 4 months 6 days
Number of stock options, Granted	953,957		487,466		169,995
Expected dividend yield	0%		0%
Risk-free interest rate	5 years		10 years
Expected volatility	90%		90%
Number of stok options, outstanding	1,143,182	1,143,182	692,938	692,938	253,121		6,971
Number of stok options, exercisable	555,934	555,934	209,950	209,950	191,730
Share based payments | $	$ 4,688,218		$ 3,702,705		$ 1,409,569
Stock Options [Member]
IfrsStatementLineItems [Line Items]
Share based payments | $	$ 3,034,073		$ 665,339
Top of range [member]
IfrsStatementLineItems [Line Items]
Number of common shares reserved and available for grant, percentage						10%
Options exercisable period	10 years		10 years
Exercise price | $ / shares		$ 3.90		$ 15.08
Risk-free interest rate	2.75%		1.48%
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares		$ 1.15		$ 7.78
Risk-free interest rate	1.24%		0.83%

Disclosure of detailed infor_11

Disclosure of detailed information about restricted stock units outstanding (Details) - shares		12 Months Ended
	May 08, 2020	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Outstanding RSU's, Granted		966,691
Restricted stock units [member]
IfrsStatementLineItems [Line Items]
Number of warrants, outstanding, beginning		490,174	402,372
Outstanding RSU's, Issued on acquisition of Frankly	50,037		23,939	50,037
Outstanding RSU's, Granted		1,086,382	353,467	379,001
Outstanding RSU's, Vested		(203,537)	(277,749)	(26,666)
Outstanding RSU's, Cancelled		(176,808)	(11,855)
Number of warrants, outstanding, ending		1,196,211	490,174	402,372
Outstanding RSU's, Issued on acquisition of SideQik			23,939

Restricted share units (Details

Restricted share units (Details Narrative)						12 Months Ended								14 Months Ended
	Aug. 13, 2020 shares $ / shares	Aug. 13, 2020 USD ($) $ / shares	Aug. 13, 2020 CAD ($)	May 08, 2020 shares	Apr. 02, 2020 shares	Aug. 31, 2022 USD ($) shares	Aug. 31, 2022 CAD ($) shares $ / shares	Aug. 30, 2022 USD ($)	Aug. 31, 2021 USD ($) shares	Aug. 31, 2021 CAD ($) shares	Aug. 30, 2021 USD ($)	Aug. 31, 2020 USD ($) shares $ / shares	Aug. 31, 2020 CAD ($) shares	Aug. 31, 2021 CAD ($)	Aug. 31, 2021 $ / shares	Nov. 30, 2020 USD ($)	Aug. 31, 2020 $ / shares shares	Aug. 13, 2020 $ / shares	Apr. 30, 2020 USD ($) shares
IfrsStatementLineItems [Line Items]
Outstanding RSU's, Granted						966,691	966,691
Fair value of RSU's price per share | $ / shares															$ 8.96
Fair value of acquisition | $																			$ 1,200,000
Share-based compensation expense | $						$ 4,688,218			$ 3,702,705			$ 1,409,569
Number of common stock issued																			966,667
Board of Directors Chairman [Member]
IfrsStatementLineItems [Line Items]
Outstanding RSU's, Granted						119,691	119,691
Top of range [member]
IfrsStatementLineItems [Line Items]
Fair value of acquisition | $																$ 20,000,000
Restricted stock units [member]
IfrsStatementLineItems [Line Items]
Outstanding RSU's, Granted						1,086,382	1,086,382		353,467	353,467		379,001	379,001
Fair value of RSU's price per share | (per share)	$ 6.34	$ 6.34					$ 1.15					$ 6.01					$ 8.55	$ 8.40
Fair value on date of grant		$ 2,232,997	$ 2,959,614				$ 1,111,695					$ 159,895	$ 228,000	$ 3,547,104
Outstanding RSU's, Issued on acquisition of SideQik									23,939	23,939
Fair value of acquisition | $									$ 245,000
Share-based compensation expense | $								$ 1,654,145	$ 3,037,366		$ 3,037,366	$ 479,663
Outstanding RSU's, Granted				50,037					23,939	23,939		50,037	50,037
Number of common stock issued												26,666					26,666
Restricted stock units [member] | Serverance Compensation [Member]
IfrsStatementLineItems [Line Items]
Outstanding RSU's, Granted						159,568	159,568		377,406	377,406
Fair value on date of grant							$ 538,452		$ 550,896	$ 713,874
Restricted stock units [member] | Former Officer [Member]
IfrsStatementLineItems [Line Items]
Outstanding RSU's, Granted									75,944	75,944
Restricted stock units [member] | Directors And Officers [Member]
IfrsStatementLineItems [Line Items]
Outstanding RSU's, Granted	352,335				26,666
Restricted stock units [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Number of RSU's aggregate shares						1,548,174	1,548,174		1,548,174	1,548,174
Fair value of RSU's price per share | $ / shares							$ 4.98								14.61
Restricted stock units [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Fair value of RSU's price per share | $ / shares							$ 1.10								$ 7.94

Capital management (Details Nar

Capital management (Details Narrative) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Capital Management
Shareholders' equity before non-controlling interests	$ 15,702,398	$ 15,161,438	$ (10,276,463)

Commitments and contingencies (

Commitments and contingencies (Details Narrative)	1 Months Ended		14 Months Ended
	Nov. 30, 2020 USD ($) shares	Apr. 30, 2020 USD ($) shares	Aug. 31, 2022 USD ($)	May 05, 2022 EUR (€)	Sep. 30, 2021 shares	Aug. 31, 2021 USD ($)	Apr. 30, 2021 USD ($)	Aug. 31, 2020 USD ($)
IfrsStatementLineItems [Line Items]
Acquisitions percentage		100%
Number of shares issuance | shares		966,667
Payment of share holder		$ 1,200,000
Convertible debt, non-current			$ 4,983,236			$ 9,037,069		$ 10,793,459
Unpaid rent							$ 2,890,000
Impairment expense			5,029,475
Issue of common shares | shares	966,667
Damages sought value		$ 2,890,000
Allinsports [Member]
IfrsStatementLineItems [Line Items]
Convertible debt, non-current						6,468,330
Top of range [member]
IfrsStatementLineItems [Line Items]
Payment of share holder	$ 20,000,000
Allinsports [Member]
IfrsStatementLineItems [Line Items]
Number of shares issuance | shares	966,667	966,667			966,667
Payment of share holder	$ 20,000,000	$ 1,200,000				$ 2,625,657		$ 2,625,657
Convertible debt, non-current			$ 692,613
Principal and accrued interest under promissory notes | €				€ 1,903,153

Schedule of discontinued operat

Schedule of discontinued operations (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Revenue	$ 41,882,613	$ 33,345,268	$ 10,545,843
Non-operational professional fees
Net loss from discontinued operations	(7,233,941)	(11,211,330)	(5,860,211)
Gain on extinguishment of liabilities	1,105,023
Previously stated [member]
IfrsStatementLineItems [Line Items]
Net loss from discontinued operations	(13,203,474)	(15,564,168)
Advertisement [Member]
IfrsStatementLineItems [Line Items]
Revenue			4,491,356
Advertising revenue			562,534
Advertisement [Member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Revenue		26,656,446
Advertising revenue		90,934
WinView Inc [Member]
IfrsStatementLineItems [Line Items]
Revenue	135,160	3,543
Salaries and wages	1,882,858	1,449,744
Consulting	945,397	524,971
Professional fees	468,408	584,149
Sponsorships and tournaments	150,512	15,133
Advertising and promotion	416,968	69,592
Office and general	518,540	411,636
Technology expenses	47,809	25,009
Amortization and depreciation	362,572	503,810
Impairment expense	936,562	705,331
Restructuring Costs	226,152
Interest expense	66,164	46,977
(Gain) loss on foreign exchange	(601)
Non-operational professional fees	1,613,831	846,475
Net loss from discontinued operations	(7,500,012)	(5,179,284)
UMG [member]
IfrsStatementLineItems [Line Items]
Revenue	596,126	449,857
Salaries and wages	1,119,786	1,024,732
Consulting
Professional fees	(6,227)	253,147
Sponsorships and tournaments	713,031	420,537
Advertising and promotion	23,790	17,869
Office and general	97,666	145,866
Technology expenses	82,189	153,312
Amortization and depreciation	140,237	338,475
Impairment expense	457,514	385,231
Restructuring Costs	81,394
Interest expense	14,553	36,107
(Gain) loss on foreign exchange	19,974	(15,733)
Net loss from discontinued operations	(2,147,781)	(2,309,686)
Eden Games SA [Member]
IfrsStatementLineItems [Line Items]
Revenue	4,759,711	3,422,202
Salaries and wages	2,113,180	3,384,577
Consulting	796,570	966,372
Office and general	265,125	565,340
Amortization and depreciation	224,349	1,377,550
Interest expense	7,145	41,639
(Gain) loss on foreign exchange	39,350	(135,976)
Net loss from discontinued operations	1,314,085	(2,777,251)
Share-based payments	(93)	(49)
Motorsports Group And P G L Nevada [Member]
IfrsStatementLineItems [Line Items]
Revenue		90,934
Salaries and wages		212,546	815,304
Consulting		267,933	1,014,940
Professional fees		24,781	219,369
Sponsorships and tournaments		203,637	3,697,046
Advertising and promotion		1,740	30,808
Office and general		7,374	155,464
Technology expenses		86,590	163,534
Amortization and depreciation		201,335	341,668
Interest expense		572	1,162
(Gain) loss on foreign exchange	5,256	29,535	(16,550)
Net loss from discontinued operations	1,099,767	(945,109)	(5,860,211)
Share-based payments
Gain on extinguishment of liabilities	$ (1,105,023)
Motorsports Group And P G L Nevada [Member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Salaries and wages		212,546
Consulting		267,933
Professional fees		24,781
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		29,535
Net loss from discontinued operations		(945,109)
Share-based payments

Schedule of cash flow in discon

Schedule of cash flow in discontinued operation (Details) - USD ($)			12 Months Ended
	Jun. 13, 2022	Nov. 03, 2020	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Net cash provided by (used in) operating activities				$ (92,652)	$ 85,693
Change in cash				(68,304)	85,693
Cash, beginning of period				68,304	(17,389)
Cash, end of period					68,304
Disposal of Motorsports		$ (678,931)		24,348
WinView Inc [Member]
IfrsStatementLineItems [Line Items]
Net cash provided by (used in) operating activities			78,772	1,097,635
Net cash used in financing activities			(110,906)	(1,054,503)
Change in cash			(32,134)	43,132
Cash, beginning of period			52,746	9,614
Cash, end of period			20,612	52,746	9,614
UMG [member]
IfrsStatementLineItems [Line Items]
Net cash provided by (used in) operating activities			6,491	438,394
Net cash used in financing activities			(72,409)	(86,117)
Change in cash			(65,918)	352,277
Cash, beginning of period			175,296	(176,981)
Cash, end of period			109,378	175,296	(176,981)
Disposal of Motorsports	$ 257,550
Eden Games SA [Member]
IfrsStatementLineItems [Line Items]
Net cash provided by (used in) operating activities			509,166	444,640
Disposal of Motorsports			(647,187)
Net cash used in financing activities			(132,550)	(281,647)
Change in cash			(270,571)	162,993
Cash, beginning of period			270,571	107,578
Cash, end of period				270,571	107,578
Disposal of Motorsports			15,128,417
Motorsports Group And P G L Nevada [Member]
IfrsStatementLineItems [Line Items]
Net cash provided by (used in) operating activities				(92,652)
Disposal of Motorsports				24,348
Change in cash				(68,304)
Cash, beginning of period				68,304
Cash, end of period					$ 68,304

Schedule of loss on disposal (D

Schedule of loss on disposal (Details) - USD ($)			12 Months Ended
	Jun. 13, 2022	Nov. 03, 2020	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Carrying amount of net assets sold		$ (2,334,303)
Loss on disposal of Motorsports		(678,931)		$ 24,348
Loss on disposal before income tax and reclassification of foreign currency translation reserve		(578,197)
Reclassification of foreign currency translation reserve		(100,734)
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
UMG [member]
IfrsStatementLineItems [Line Items]
Cash consideration	$ 100
Deferred cash consideration	262,000
Total disposal consideration	262,100
Carrying amount of net assets sold	(4,550)
Loss on disposal of Motorsports	$ 257,550
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)
Loss on disposal of Motorsports			15,128,417
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
Motorsports Group [Member]
IfrsStatementLineItems [Line Items]
Total disposal consideration		1,756,106
Carrying amount of net assets sold		(2,334,303)
Loss on disposal of Motorsports		(678,931)
Loss on disposal before income tax and reclassification of foreign currency translation reserve		(578,197)
Reclassification of foreign currency translation reserve		(100,734)
Accounts payable assumed		101,322
Deferred purchase consideration of LGR		333,503
Fair value of contingent consideration		$ 1,321,281

Schedule of net asset (Details)

Schedule of net asset (Details) - USD ($)	Aug. 31, 2022	Jun. 13, 2022	Nov. 03, 2020
IfrsStatementLineItems [Line Items]
Accounts and other receivables			$ 126,590
Government remittances			25,095
Prepaid expenses and other			24,113
Intangible assets			3,066,457
Property and equipment			47,416
Total assets of disposal group			3,265,323
Accrued liabilities			422,139
Accounts payable			508,881
Total liabilities of disposal group			931,020
Net assets of disposal group			2,334,303
Cash and cash equivalents			(24,348)
Restricted cash
UMG [member]
IfrsStatementLineItems [Line Items]
Property and equipment		$ 27,931
Total assets of disposal group		27,931
Players liability account		23,381
Total liabilities of disposal group		23,381
Net assets of disposal group		$ 4,550
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
Intangible assets	296,235
Goodwill	345,150
Property and equipment	41,132
Total assets of disposal group	2,534,504
Long-term debt, current	20,085
Lease obligation, current	17,959
Accrued liabilities	750,388
Accounts payable	1,168,966
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)
Restricted cash
Accounts and other receivables			126,590
Government remittances			25,095
Prepaid expenses and other			24,113
Intangible assets			3,066,457
Property and equipment			47,416
Total assets of disposal group			3,265,323
Accrued liabilities			422,139
Accounts payable			508,881
Total liabilities of disposal group			931,020
Net assets of disposal group			$ 2,334,303

Discontinued operations (Detail

Discontinued operations (Details Narrative) - USD ($)		3 Months Ended		12 Months Ended
	Jun. 13, 2022	Aug. 31, 2022	May 31, 2022	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Jun. 30, 2022	Aug. 31, 2019
IfrsStatementLineItems [Line Items]
Impairment expense				$ 894,618
Impairment loss					$ 4,319,855	$ 3,652,199
Right-of-use assets		$ 11,115		11,115	557,022	550,478
Proceeds from disposal or maturity of available-for-sale financial assets				100
Accounts receivable				194,268
WinView Inc [Member]
IfrsStatementLineItems [Line Items]
Impairment expense				936,562	705,331
WinView Inc [Member] | Right-of-use assets [member]
IfrsStatementLineItems [Line Items]
Impairment loss		136,331
Right-of-use assets		$ 0		0
UMG [member]
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
Impairment expense				457,514	385,231
Asset impairment charges			$ 457,514
Reduction to asset impairment charges			0
UMG [member] | Purchase consideration [member]
IfrsStatementLineItems [Line Items]
Prices specified in forward agreements to purchase financial assets for cash							$ 262,000
UMG [member] | Right-of-use assets [member]
IfrsStatementLineItems [Line Items]
Asset impairment charges			209,934
UMG [member] | Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
Asset impairment charges			153,192
UMG [member] | Intangible Assets [Member]
IfrsStatementLineItems [Line Items]
Asset impairment charges			94,387
Win View [Member]
IfrsStatementLineItems [Line Items]
Impairment expense					705,331	6,503,483
UMG [member]
IfrsStatementLineItems [Line Items]
Impairment expense					385,230	719,706
Cost of disposal						0
Impairment of goodwill					3,209,045
Impairment expense			$ 94,387		385,231
Patent [Member]
IfrsStatementLineItems [Line Items]
Impairment expense				800,231
Patent [Member] | Win View [Member]
IfrsStatementLineItems [Line Items]
Impairment expense				$ 800,231	705,331	6,503,483
Cost of disposal						0
Patent [Member] | UMG [member]
IfrsStatementLineItems [Line Items]
Impairment expense

Schedule of segment reporting (

Schedule of segment reporting (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Revenue
External sales	$ 41,882,613	$ 33,345,268	$ 10,545,843
Results
Segment loss	(11,908,712)	(6,733,297)
Gentral administration costs	9,788,532	9,733,244
Other gains and losses	(10,132,489)	10,997,444
Finance costs	729,848	1,274,998
Loss before tax	(12,294,603)	(28,738,983)
Gain (Loss) for the period from:
Gain (Loss) for the year from Share of net loss of associate		(103,930)
Discontinued operations	7,957,758	(11,890,261)
Gain (Loss) for the year from Non-controlling interest in net loss	(65,219)	74,006	76,066
Net loss	(4,402,064)	(40,659,168)	(42,662,412)
Income tax
Assets	42,510,615	57,202,122	43,093,106
Long-term assets	20,451,714	25,644,440	30,917,633
Assets	42,510,615
Loss before tax	(12,294,603)	(28,842,913)	(36,878,267)
Gain (Loss) for the year from Discontinued operations	(7,233,941)	(11,211,330)	(5,860,211)
Previously stated [member]
Gain (Loss) for the period from:
Net loss	(14,478,598)	(40,720,811)	(32,340,042)
Income tax
Assets	42,694,808	67,462,847	53,415,477
Long-term assets	20,635,907	35,905,165	41,240,004
Loss before tax	(16,401,604)	(24,551,718)	(26,555,897)
Gain (Loss) for the year from Discontinued operations	(13,203,474)	(15,564,168)
North America Area [member]
Gain (Loss) for the period from:
Assets		54,682,324	37,908,431
Long-term assets	20,451,714	25,535,516	27,342,377
Assets	41,364,112
Europeans Union [member]
Gain (Loss) for the period from:
Assets		2,519,798	2,288,092
Long-term assets		108,924	1,067,495
Assets	1,146,503
United Kingdom Area [Member]
Gain (Loss) for the period from:
Assets			2,896,583
Long-term assets			2,507,761
Gaming [member]
Revenue
External sales	1,906,137	1,401,981	4,140,731
Results
Segment loss	(706,527)	849,721	(4,733,518)
Gentral administration costs
Other gains and losses	(6,490)	140,545	10,448,799
Finance costs	57	(60)	102,596
Loss before tax	(700,094)	709,236
Gain (Loss) for the period from:
Gain (Loss) for the year from Share of net loss of associate
Discontinued operations	(6,578,152)	(11,211,330)
Gain (Loss) for the year from Non-controlling interest in net loss
Net loss	(7,278,246)	(10,502,094)	(21,144,297)
Income tax
Loss before tax			(15,284,913)
Gain (Loss) for the year from Discontinued operations			(5,859,384)
Gaming [member] | Previously stated [member]
Revenue
External sales		5,277,583
Results
Segment loss		(7,506,449)
Gentral administration costs
Other gains and losses		1,925,873
Finance costs		124,663
Gain (Loss) for the period from:
Gain (Loss) for the year from Share of net loss of associate
Gain (Loss) for the year from Non-controlling interest in net loss
Net loss		(10,502,094)
Income tax
Loss before tax		(9,556,985)
Gain (Loss) for the year from Discontinued operations		(945,109)
Media [member]
Revenue
External sales	39,976,476	31,943,287	6,404,736
Results
Segment loss	(11,202,185)	(7,583,018)	(833,891)
Gentral administration costs
Other gains and losses	186,247	4,280,597	(14,011)
Finance costs	1,193	512,937	241,520
Loss before tax	(11,389,625)	(12,376,552)
Gain (Loss) for the period from:
Gain (Loss) for the year from Share of net loss of associate
Discontinued operations
Gain (Loss) for the year from Non-controlling interest in net loss
Net loss	(11,389,625)	(12,376,552)	(1,061,400)
Income tax
Loss before tax			(1,061,400)
Gain (Loss) for the year from Discontinued operations
Media [member] | Previously stated [member]
Revenue
External sales		31,943,287
Results
Segment loss		(7,583,018)
Gentral administration costs
Other gains and losses		4,280,597
Finance costs		512,937
Gain (Loss) for the period from:
Gain (Loss) for the year from Share of net loss of associate
Gain (Loss) for the year from Non-controlling interest in net loss
Net loss		(12,376,552)
Income tax
Loss before tax		(12,376,552)
Gain (Loss) for the year from Discontinued operations
Corporate and Others [member]
Revenue
External sales			376
Results
Segment loss			376
Gentral administration costs	9,788,532	9,733,244	9,691,639
Other gains and losses	(10,312,246)	6,576,302	10,276,041
Finance costs	728,598	762,121	564,650
Loss before tax	(204,884)	(17,071,667)
Gain (Loss) for the period from:
Gain (Loss) for the year from Share of net loss of associate		(103,930)
Discontinued operations	14,535,910	(678,931)
Gain (Loss) for the year from Non-controlling interest in net loss	(65,219)	74,006	76,066
Net loss	$ 14,265,807	(17,780,522)	(20,456,715)
Income tax
Loss before tax			(20,531,954)
Gain (Loss) for the year from Discontinued operations			(827)
Corporate and Others [member] | Previously stated [member]
Revenue
External sales
Results
Segment loss
Gentral administration costs		9,733,244
Other gains and losses		6,576,302
Finance costs		762,121
Gain (Loss) for the period from:
Gain (Loss) for the year from Share of net loss of associate		(103,930)
Gain (Loss) for the year from Non-controlling interest in net loss		74,006
Net loss		(17,780,522)
Income tax
Loss before tax		(17,071,667)
Gain (Loss) for the year from Discontinued operations		(678,931)
Gaming Media Corporateand Others [Member]
Revenue
External sales			10,545,843
Results
Segment loss			(5,567,033)
Gentral administration costs			9,691,639
Other gains and losses			20,710,829
Finance costs			908,766
Gain (Loss) for the period from:
Gain (Loss) for the year from Non-controlling interest in net loss			76,066
Net loss			(42,662,412)
Income tax
Loss before tax			(36,878,267)
Gain (Loss) for the year from Discontinued operations			$ (5,860,211)
Gaming Media Corporateand Others [Member] | Previously stated [member]
Revenue
External sales		37,220,870
Results
Segment loss		(15,089,467)
Gentral administration costs		9,733,244
Other gains and losses		12,782,772
Finance costs		1,399,721
Gain (Loss) for the period from:
Gain (Loss) for the year from Share of net loss of associate		(103,930)
Gain (Loss) for the year from Non-controlling interest in net loss		74,006
Net loss		(40,659,168)
Income tax
Loss before tax		(39,005,204)
Gain (Loss) for the year from Discontinued operations		$ (1,624,040)

Schedule of compensation award

Schedule of compensation award to key management (Details) - USD ($)	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
Related party transactions [abstract]
Total compensation paid to key management	$ 1,390,598	$ 2,231,871	$ 929,958
Share based payments	$ 963,295	$ 1,897,855	$ 1,409,569

Related party transactions an_3

Related party transactions and balances (Details Narrative) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Mar. 09, 2020
IfrsStatementLineItems [Line Items]
Amount due to related parties	$ 5,588	$ 33,349	$ 275,502
Business Combination Agreement [member]
IfrsStatementLineItems [Line Items]
License fees percent				50%

Schedule of trade accounts rece

Schedule of trade accounts receivable and allowance for doubtful accounts (Details) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 9,750,619	$ 9,677,725	$ 4,690,922
Allowance for doubtful accounts	$ 1,355,638	$ 1,084,305	$ 874,438
% Allowance	14%	11%
Trade accounts receivable		$ 9,677,725
Zero To Thirty [Member]
IfrsStatementLineItems [Line Items]
Allowance for doubtful accounts		$ 3,000
% Allowance		0%
Trade accounts receivable		$ 7,376,270
Thirty One To Sixty [Member]
IfrsStatementLineItems [Line Items]
Allowance for doubtful accounts		$ 1,500
% Allowance		1%
Trade accounts receivable		$ 210,815
Sixty One To Ninty [Member]
IfrsStatementLineItems [Line Items]
Allowance for doubtful accounts		$ 1,500
% Allowance		1%
Trade accounts receivable		$ 265,377
Ninty One [Member]
IfrsStatementLineItems [Line Items]
Allowance for doubtful accounts		$ 1,078,305
% Allowance		59%
Trade accounts receivable		$ 1,825,263
Current [member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 6,805,057
Allowance for doubtful accounts	12,753
Zero To One Month [Member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	202,359
Allowance for doubtful accounts	$ 3,577
% Allowance	2%
Later than one month and not later than two months [member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 428,098
Allowance for doubtful accounts	$ 17,423
% Allowance	4%
Later than two months and not later than three months [member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 305,056
Allowance for doubtful accounts	$ 9,790
% Allowance	3%
Later than three months [member]
IfrsStatementLineItems [Line Items]
Trade accounts receivable	$ 2,010,049
Allowance for doubtful accounts	$ 1,312,095
% Allowance	65%

Schedule of funding available f

Schedule of funding available from operations and other sources (Details) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
IfrsStatementLineItems [Line Items]
Accrued liabilities	$ 3,756,758	$ 5,722,470	$ 4,689,131
Players liability account	47,455	331,528	388,587
Promissory notes payable	771,762	821,948	3,818,920
Convertible debt	2,267,367	914,427
Lease obligation	388,834	587,551	$ 572,148
Long-term debt	4,983,236	9,037,068
Less than 1 year [member]
IfrsStatementLineItems [Line Items]
Accounts payable	12,772,375	10,403,665
Accrued liabilities	3,756,758	5,722,470
Players liability account	47,455	331,528
Promissory notes payable	771,762	821,948
Convertible debt	2,267,367	914,428
Lease obligation		222,583
Long-term debt		96,664
1-2 Years [member]
IfrsStatementLineItems [Line Items]
Accounts payable
Accrued liabilities
Players liability account
Promissory notes payable
Convertible debt	$ 4,983,236	2,097,127
Lease obligation		364,968
Long-term debt
Two To Five Years [Member]
IfrsStatementLineItems [Line Items]
Accounts payable
Accrued liabilities
Players liability account
Promissory notes payable
Convertible debt		6,939,941
Lease obligation
Long-term debt

Schedule of fair value measurem

Schedule of fair value measurement (Details) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Aug. 31, 2019
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	$ 8,601,706	$ 15,305,996	$ 5,243,278	$ 2,818,744
Restricted cash	47,455	331,528	388,587
Accounts and other receivables	8,404,009	8,646,807	3,845,890
Government remittances	874,334	1,070,216	1,125,912
Publisher advance	1,490,648	3,197,102
Promissory notes receivable	576,528
Accounts payable	12,772,375	10,403,667	12,455,214
Accrued liabilities	3,756,758	5,722,470	4,689,131
Players liability account	47,455	331,528	388,587
Long-term debt	4,983,236	9,037,068
Promissory notes payable	771,762	821,948	3,818,920
Warrant liability	49,894	4,868,703	14,135,321
Convertible debt	7,250,603	9,951,496	10,793,459
Line of credit			4,919,507
Deferred purchase consideration			333,503
Warrant liability	49,894	4,868,703	14,135,321
Previously stated [member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents		15,305,996	5,243,278
FVTPL Mandatorily Measured [member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents
Restricted cash
Accounts and other receivables
Government remittances
Publisher advance	1,490,648	4,534,218
Promissory notes receivable	576,528
Investment at FVTPL	2,629,851	2,629,851
Financial assets	4,697,027	7,164,069
Accounts payable
Accrued liabilities
Players liability account
Long-term debt
Promissory notes payable
Warrant liability	49,894	4,868,703	14,135,321
Convertible debt
Financial liabilities	49,894	4,868,703	14,135,321
Line of credit
Deferred purchase consideration
FVTPL Mandatorily Measured [member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents
Restricted cash
Accounts and other receivables
Government remittances
Publisher advance
Investment at FVTPL		2,629,851
Financial assets		2,629,851
Accounts payable
Accrued liabilities
Players liability account
Long-term debt
Promissory notes payable
Convertible debt
Financial liabilities		4,868,703
Line of credit
Deferred purchase consideration
Warrant liability		4,868,703
Amortized Cost [member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	8,601,706	15,305,996	5,243,278
Restricted cash	47,455	331,528	388,587
Accounts and other receivables	8,404,009	8,646,807	3,845,890
Government remittances	874,334	1,070,216	1,125,912
Publisher advance
Promissory notes receivable
Investment at FVTPL
Financial assets	17,927,504	25,354,547	10,603,667
Accounts payable	12,772,375	10,403,667	12,455,214
Accrued liabilities	3,756,758	5,722,470	4,689,131
Players liability account	47,455	331,528	388,587
Long-term debt		96,664	230,932
Promissory notes payable	771,762	821,948	3,818,920
Warrant liability
Convertible debt
Financial liabilities	17,348,350	17,376,277	26,835,794
Line of credit			4,919,507
Deferred purchase consideration			333,503
Amortized Cost [member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents		15,305,996
Restricted cash		331,528
Accounts and other receivables		8,646,807
Government remittances		1,070,216
Publisher advance		4,534,218
Investment at FVTPL
Financial assets		29,888,765
Accounts payable		10,403,667
Accrued liabilities		5,722,470
Players liability account		331,528
Long-term debt		96,664
Promissory notes payable		821,948
Convertible debt
Financial liabilities		17,376,277
Line of credit
Deferred purchase consideration
Warrant liability
FVTPL Designated [member]
IfrsStatementLineItems [Line Items]
Accounts payable
Accrued liabilities
Players liability account
Long-term debt
Promissory notes payable
Warrant liability
Convertible debt	7,250,603	9,951,496
Financial liabilities	$ 7,250,603	9,951,496
F V O C I Mandatorily Measured [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents
Restricted cash
Accounts and other receivables
Government remittances
Publisher advance
Investment at FVTPL
Financial assets
F V O C I Mandatorily Measured [Member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents
Restricted cash
Accounts and other receivables
Government remittances
Publisher advance
Investment at FVTPL
Financial assets
F V O C I Designated [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents
Restricted cash
Accounts and other receivables
Government remittances
Publisher advance
Investment at FVTPL
Financial assets
Accounts payable
Accrued liabilities
Players liability account
Long-term debt
Promissory notes payable
Warrant liability
Convertible debt			10,793,459
Financial liabilities			10,793,459
Line of credit
Deferred purchase consideration
F V O C I Designated [Member] | Previously stated [member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents
Restricted cash
Accounts and other receivables
Government remittances
Publisher advance
Investment at FVTPL
Financial assets
Accounts payable
Accrued liabilities
Players liability account
Long-term debt
Promissory notes payable
Convertible debt		9,951,496
Financial liabilities		9,951,496
Line of credit
Deferred purchase consideration
Warrant liability

Schedule of hierarchy levels of

Schedule of hierarchy levels of fair value (Details) - USD ($)	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020
IfrsStatementLineItems [Line Items]
Warrant liability	$ 49,894	$ 4,868,703	$ 14,135,321
Convertible debt	7,250,603	9,951,496	10,793,459
Promissory notes receivable	576,528
Investment at FVTPL	2,629,851	2,629,851
Publisher advance		4,534,218
Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Warrant liability
Convertible debt
Promissory notes receivable
Investment at FVTPL
Publisher advance
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Warrant liability	49,894	4,868,703	14,135,321
Convertible debt
Promissory notes receivable
Investment at FVTPL
Publisher advance
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Warrant liability
Convertible debt	7,250,603	9,951,496	$ 10,793,459
Promissory notes receivable	576,528
Investment at FVTPL	$ 2,629,851	2,629,851
Publisher advance		$ 4,534,218

Financial instruments and ris_3

Financial instruments and risk management (Details Narrative)	12 Months Ended
	Aug. 31, 2022 USD ($)	Aug. 31, 2021 USD ($)	Aug. 31, 2020 USD ($)	Aug. 31, 2019 USD ($)
IfrsStatementLineItems [Line Items]
Allowance for doubtful accounts	$ 1,355,638	$ 1,084,305	$ 874,438
Allowance for doubtful accounts	$ 1,355,638	$ 1,084,305	$ 874,438
One Customer [member]
IfrsStatementLineItems [Line Items]
Revenue percentage	72%	60%
Accounts receivable credit risk, percent		13%	13%
Revenue credit risk, percent		60%
Three Customer [Member]
IfrsStatementLineItems [Line Items]
Revenue credit risk, percent			50%
One Customer [member] | Accounts Receivables [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
Credit risk [member]
IfrsStatementLineItems [Line Items]
Allowance for doubtful accounts	$ 1,155,638	$ 1,084,305

Restructuring charges (Details

Restructuring charges (Details Narrative) - Discontinued operations [member]	12 Months Ended
	Aug. 31, 2022 USD ($)
IfrsStatementLineItems [Line Items]
Provisions for cost of restructuring	$ 485,498
Remaining provisions for cost of restructuring	$ 215,076

Subsequent events (Details Narr

Subsequent events (Details Narrative) - USD ($)			12 Months Ended
	Dec. 01, 2022	Sep. 01, 2022	Aug. 31, 2022	Aug. 31, 2021	Aug. 31, 2020	Dec. 29, 2022
IfrsStatementLineItems [Line Items]
Impairment expense			$ 894,618
Win View [Member]
IfrsStatementLineItems [Line Items]
Impairment expense				$ 705,331	$ 6,503,483
Patent [Member]
IfrsStatementLineItems [Line Items]
Impairment expense			800,231
Patent [Member] | Win View [Member]
IfrsStatementLineItems [Line Items]
Impairment expense			$ 800,231	$ 705,331	6,503,483
Cost of disposal					$ 0
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Non-controlling interests voting percentage				20%
Nonadjusting Event [Member]
IfrsStatementLineItems [Line Items]
Description of debt instrument expiration period	August 31, 2025	convertible debentures that were due to expire in October and November 2022
Debt instrument principal amount	$ 1,250,000	$ 1,250,000				$ 750,000
Debt instrument, annual interest rate	7%	10%
Debt instrument conversion price per share	$ 1.10	$ 8.90
Debt instrument offset principal amount						500,000
Debt instrument interest amount						91,781
Debt instrument remaining principal amount						$ 250,000

Long-term debt (Details Narrati

Long-term debt (Details Narrative)	12 Months Ended
	Aug. 31, 2022 USD ($)	Aug. 31, 2021 USD ($)	Aug. 31, 2021 EUR (€)	Aug. 31, 2020 USD ($)
IfrsStatementLineItems [Line Items]
Interest expense	$ 729,848	$ 1,274,998		$ 908,766
Unsecured [Member]
IfrsStatementLineItems [Line Items]
Maturity		matures on June 30, 2022	matures on June 30, 2022
Interest rate		0%
Loan received		$ 96,664		230,932
Interest expense		$ 28,123		$ 16,239
Discount rate		10%
Repayment of loans		$ 106,330	€ 90,000