XML 21 R36.htm IDEA: XBRL DOCUMENT v3.19.3
Private Placements (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Sep. 11, 2017
Nov. 26, 2018
Aug. 31, 2019
Aug. 31, 2018
May 31, 2019
Sep. 29, 2017
November 2018 Private Placement units issued in exchange for convertible debt, Amount     $ 5,200,000      
Interest payable to related party     $ 52,182    
Risk free interest rate     1.84%      
Expected life       7 years 8 months 2 days    
November 2018 Private Placement [Member]            
Issuance of common stock shares to purchase unit   16,666,667 1,064,085      
Price per unit   $ 1.50     $ 1.50  
Unit price, description   Company’s equity securities at a price of $1.50 per Unit with each Unit comprised of (a) one share of common stock; and (b) one Series T Warrant to purchase one share of common stock at a price of $1.70 per share for a period of seven (7) years. Each unit consisted of one share of common stock and one Series T Stock Purchase Warrant to purchase one (1) share of common stock at an exercise price of $1.70 per share for a period of seven (7) years.      
November 2018 Private Placement units issued, Shares   13,200,000        
November 2018 Private Placement units issued, Amount   $ 19,800,000        
November 2018 Private Placement units issued in exchange for convertible debt, Shares   3,466,667        
November 2018 Private Placement units issued in exchange for convertible debt, Amount   $ 5,200,000        
Interest payable to related party   $ 52,182        
Number of shares unit exchange for cash   13,200,000        
Relative fair value of common stock         $ 13,687,151  
Relative fair value of Series T Warrants         $ 11,312,849  
Market price per share         $ 2.94  
Estimated volatility rate     85.85%      
Risk free interest rate     2.97%      
Expected dividend rate     0.00%      
Expected life     7 years      
Self directed shares issued, per share   $ 1.50     $ 1.50  
September 2017 Private Placement [Member]            
Price per unit $ 3.11         $ 3.11
Unit price, description The unit price was based on a 15% discount to the average of the 30-day closing price (last day being Friday September 8, 2017) of the Company's common stock as reported on the OTCQB.          
Relative fair value of common stock $ 1,540,000          
Market price per share $ 3.95          
Estimated volatility rate 77.96%          
Risk free interest rate 1.71%          
Expected dividend rate 0.00%          
Expected life 5 years          
Self directed shares issued 821,600         821,600
Self directed shares issued, per share $ 3.11         $ 3.11
Self directed shares issued, amount $ 2,555,176         $ 2,555,176
Exercise price of series Q stock $ 3.42          
Description of units issued Each unit consisted of one share of common stock and one Series S Stock Purchase Warrant (each, a “Series S Warrant”) to purchase one (1) share of common stock at an exercise price of $3.42 per share through September 29, 2022.          
Kalen [Member] | November 2018 Private Placement [Member]            
Capital corporation purchased units   13,100,000