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EQUITY (Tables)
6 Months Ended 12 Months Ended
Feb. 28, 2018
Aug. 31, 2017
Stockholders' Equity Note [Abstract]    
Schedule of summary of warrant activity

 

 

 Number of Shares

 

 

 Weighted- Average Exercise Price

 

Balances as of August 31, 2016

 

 

-

 

 

$-

 

Granted

 

 

4,229,998

 

 

 

1.52

 

Exercised

 

 

(1,152,000)

 

 

1.25

 

Forfeited

 

 

-

 

 

 

-

 

Balances as of August 31, 2017

 

 

3,077,998

 

 

$1.63

 

Granted

 

 

4,162,952

 

 

 

0.97

 

Exercised

 

 

(2,314,615)

 

 

1.33

 

Forfeited

 

 

-

 

 

 

-

 

Balances as of February 28, 2018

 

 

4,926,335

 

 

$1.21

 

 

 

Number of

Shares

 

 

Weighted- Average Exercise Price

 

Balance as of August 31, 2015

 

 

-

 

 

$-

 

Granted

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

Balance as of August 31, 2016

 

 

-

 

 

 

-

 

Granted

 

 

4,229,998

 

 

 

1.52

 

Exercised

 

 

(1,152,000)

 

 

1.25

 

Forfeited

 

 

-

 

 

 

-

 

Balance as of August 31, 2017

 

 

3,077,998

 

 

$1.63

 

Schedule of weighted-average assumptions for options granted

 

 

Six Months Ended

 

 

 

February 28,

 

 

 

2018

 

 

2017

 

Exercise price

 

$0.65 - $2.60

 

 

$1.25 - $3.25

 

Expected term

 

3 - 5 years

 

 

1 year

 

Expected average volatility

 

176%-189

%

 

196% - 216

%

Expected dividend yield

 

 

-

 

 

 

-

 

Risk-free interest rate

 

1.46% - 2.66

 

0.66% - 0.90

%

 

 

Year Ended August 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Exercise price

 

$1.25 - $3.25

 

 

 

-

 

 

 

-

 

Expected term

 

1 - 5 years

 

 

 

-

 

 

 

-

 

Expected average volatility

 

187%-216%

 

 

 

-

 

 

 

-

 

Expected dividend yield

 

 

-

 

 

 

-

 

 

 

-

 

Risk-free interest rate

 

0.66% - 1.84%

 

 

 

-

 

 

 

-

 

Schedule of outstanding and exercisable warrants

Warrants Outstanding

 

 

Warrants Exercisable

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

Number

 

 

Remaining Contractual

 

 

Weighted Average

 

 

Number

 

 

Weighted Average

 

of Shares

 

 

life (in years)

 

 

Exercise Price

 

 

of Shares

 

 

Exercise Price

 

4,926,335

 

 

 

2.44

 

 

$1.21

 

 

 

4,926,335

 

 

$1.21

 

Warrants Outstanding

 

 

Warrants Exercisable

 

Number

 

 

Weighted Average

Remaining Contractual life

 

 

Weighted

Average Exercise

 

 

Number

 

 

Weighted

Average Exercise

 

of Shares

 

 

 (in years)

 

 

 Price

 

 

of Shares

 

 

 Price

 

 

152,500

 

 

 

0.15

 

 

$1.25

 

 

 

152,500

 

 

$1.25

 

 

10,000

 

 

 

0.15

 

 

$1.25

 

 

 

10,000

 

 

$1.25

 

 

820,500

 

 

 

0.22

 

 

$1.25

 

 

 

820,500

 

 

$1.25

 

 

4,110

 

 

 

0.26

 

 

$1.37

 

 

 

4,110

 

 

$1.37

 

 

6,098

 

 

 

0.30

 

 

$1.25

 

 

 

6,098

 

 

$1.25

 

 

4,762

 

 

 

0.30

 

 

$1.25

 

 

 

4,762

 

 

$1.25

 

 

1,000

 

 

 

0.39

 

 

$1.50

 

 

 

1,000

 

 

$1.50

 

 

8,334

 

 

 

0.41

 

 

$1.50

 

 

 

8,334

 

 

$1.50

 

 

4,300

 

 

 

0.45

 

 

$3.25

 

 

 

4,300

 

 

$3.25

 

 

100,000

 

 

 

2.49

 

 

$1.88

 

 

 

100,000

 

 

$1.88

 

 

13,300

 

 

 

2.50

 

 

$1.88

 

 

 

13,300

 

 

$1.88

 

 

100,000

 

 

 

2.52

 

 

$1.65

 

 

 

100,000

 

 

$1.65

 

 

62,200

 

 

 

2.61

 

 

$2.41

 

 

 

62,200

 

 

$2.41

 

 

120,000

 

 

 

2.63

 

 

$2.08

 

 

 

120,000

 

 

$2.08

 

 

203,252

 

 

 

4.71

 

 

$2.19

 

 

 

203,252

 

 

$2.19

 

 

203,252

 

 

 

4.71

 

 

$2.19

 

 

 

203,252

 

 

$2.19

 

 

81,169

 

 

 

2.77

 

 

$2.08

 

 

 

81,169

 

 

$2.08

 

 

120,250

 

 

 

2.77

 

 

$2.08

 

 

 

120,250

 

 

$2.08

 

 

24,050

 

 

 

2.78

 

 

$1.66

 

 

 

24,050

 

 

$1.66

 

 

12,000

 

 

 

2.80

 

 

$1.97

 

 

 

12,000

 

 

$1.97

 

 

51,921

 

 

 

2.81

 

 

$2.41

 

 

 

51,921

 

 

$2.41

 

 

100,000

 

 

 

4.92

 

 

$1.90

 

 

 

100,000

 

 

$1.90

 

 

25,000

 

 

 

4.92

 

 

$1.90

 

 

 

25,000

 

 

$1.90

 

 

200,000

 

 

 

2.92

 

 

$1.34

 

 

 

200,000

 

 

$1.34

 

 

200,000

 

 

 

2.92

 

 

$1.34

 

 

 

200,000

 

 

$1.34

 

 

100,000

 

 

 

2.92

 

 

$1.34

 

 

 

100,000

 

 

$1.34

 

 

100,000

 

 

 

2.93

 

 

$1.56

 

 

 

100,000

 

 

$1.56

 

 

200,000

 

 

 

2.93

 

 

$1.58

 

 

 

200,000

 

 

$1.58

 

 

20,000

 

 

 

2.93

 

 

$1.58

 

 

 

20,000

 

 

$1.58

 

 

30,000

 

 

 

2.93

 

 

$1.58

 

 

 

30,000

 

 

$1.58

 

 

3,077,998

 

 

 

 

 

 

 

 

 

 

 

3,077,998