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Common Stock
3 Months Ended
Nov. 30, 2016
Common Stock.  
Common Stock

6.  Common Stock

 

Reverse Stock Split—On April 15, 2016, the Company amended its certificate of incorporation to effect a one-for-ten (1:10)  reverse stock split. This reverse stock split became effective as of the close of business on April 15, 2016. The reverse stock split had no effect on the par value of its common stock and did not reduce the number of authorized shares of common stock but reduced the number of outstanding shares of common stock by the ratio. Accordingly, the issued and outstanding shares, stock options disclosures, net loss per share, and other per share disclosures for all periods presented have been retrospectively adjusted to reflect the impact of this reverse stock split.