Stockholders' Deficit (Tables)

6 Months Ended

Feb. 28, 2019

Equity [Abstract]

Schedule of Stock Option and Warrant Activity

The following is a summary of stock option/warrant activity:

						Weighted
				Weighted		Average
	Options/			Average		Remaining		Aggregate
	Warrants			Exercise		Contractual		Intrinsic
	Outstanding			Price		Life		Value
Outstanding, August 31, 2018		10,030,000			0.30		4.56	$	7,045,500
Granted		75,000			0.95
Forfeited		(10,000	)		2.00
Exercised		-
Outstanding, February 28, 2019		10,095,000			0.30		4.08	$	13,106,250
Exercisable, February 28, 2019		10,095,000		$	0.30		4.08	$	13,106,250

Schedule of Options and Warrants Outstanding and Exercisable

The exercise price for options/warrants outstanding at February 28, 2019:

Outstanding and Exercisable
	Number of
	Options/		Exercise
	Warrants		Price
	5,500,000	$	0.16
	1,000,000		0.32
	50,000		0.33
	120,000		0.40
	2,000,000		0.42
	100,000		0.50
	1,000,000		0.62
	250,000		0.80
	75,000		0.95
	10,095,000

Schedule of Fair Value of Options Granted by Using Valuation Assumptions

The assumptions used in calculating the fair value of options granted during the current fiscal year ending August 31, 2019 using the Black-Scholes option-pricing model for options granted, through February 28, 2019, are as follows:

Risk-free interest rate	2.78	%
Expected life of the options	3.5 years
Expected volatility	294	%
Expected dividend yield	0	%