DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Aug. 31, 2021

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

The Company accounts for the embedded conversion features included in its convertible instruments as derivative liabilities. At each measurement date, the fair value of the embedded conversion features was based on the lattice binomial method using the following assumptions:

	Years Ended August 31
	2021			2020
Effective Exercise price		0.0010 - 0.0076			0.001 - 0.0076
Effective Market price		0.0076			0.0076
Volatility		89.61	%		82.15	%
Risk-free interest		0.07	%		.012	%
Terms	365 days			365 days
Expected dividend rate		0	%		0	%

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Changes in the derivative liabilities during fiscal 20201 and 2020 are as follows:

Balance at September 1, 2019	$	772,732
Embedded conversion features at issuance		-
Changes in fair value of derivative liabilities		944
Balance, August 31, 2020	$	773,676

Reclassification of liability contracts		(258,146	)
Changes in fair value of derivative liabilities		(9,170	)
Balance, August 31, 2021	$	506,360