v3.7.0.1

Condensed Balance Sheets (Unaudited) - USD ($)	May 31, 2017	Aug. 31, 2016
Current assets
Cash	$ 18,563	$ 8,079
Accounts receivable	78,919	333,601
Inventory	289,130	478,244
Notes receivable	1,980	2,225
Related party receivable	84,379	0
Total current assets	508,738	822,149
Fixed assets	4,673	8,333
Total assets	513,411	830,482
Current liabilities
Accounts payable	170,705	149,535
Notes payable	340,213	727,142
Related party payables	24,360	57,424
Unclaimed debt	580,006	580,006
Accrued interest	420,404	588,369
Deferred revenue	236,362	705,790
Derivative liability	61,644	39,184
Accrued expenses and other liabilities	0	0
Total liabilities	1,833,964	2,847,450
Stockholders' Deficit
Common Stock, Value, Issued	18,021	188
Shares held in escrow	(10,000)	(10,000)
Additional paid in capital	5,633,901	2,168,894
Deficit accumulated during the development stage	(7,004,169)	(4,217,744)
Total stockholders' deficit	(1,320,553)	(2,016,968)
Total liabilities and stockholders' deficit	513,411	830,482
Total current liabilities	1,833,964	2,847,450
Notes payable (non-current portion)	0	0
Series B Preferred Stock
Stockholders' Deficit
Preferred Stock, Value, Issued	9,144	9,144
Series C Preferred Stock
Stockholders' Deficit
Preferred Stock, Value, Issued	$ 32,550	$ 32,550

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

CHERUBIM INTERESTS, INC. 10-Q/A