Summary of Significant Accounting Policies (Tables)

12 Months Ended

Aug. 31, 2019

Summary Of Significant Accounting Policies Tables Abstract

Estimated useful lives

Depreciation is computed on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are:

	Estimated
	Useful Lives (years)
Computer equipment and software	3
Equipment, furniture and fixtures	5

Computation of basic and diluted net loss per share

Following is the computation of basic and diluted net loss per share for the years ended August 31, 2019 and 2018:

	Years Ended August 31,
	2019			2018
Basic and Diluted EPS Computation
Numerator:
Loss available to common stockholders'	$	(6,887,678	)	$	(6,854,547	)
Denominator:
Weighted average number of common shares outstanding		48,986,720			36,020,453
Basic and diluted EPS	$	(0.14	)	$	(0.19	)
The shares listed below were not included in the computation of diluted losses per share because to do so would have been antidilutive for the periods presented:
Stock options		2,777,334			1,291,334
Warrants		19,483,517			2,816,850
Convertible debt		-			3,165,800
Warrants issuable upon conversion of debt (See "Note 4 - Debt")		-			3,165,800
Total shares not included in the computation of diluted losses per share		22,260,851			10,439,784