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DERIVATIVE LIABILITIES (Tables)
6 Months Ended
Feb. 28, 2018
Derivative Instruments and Hedges, Liabilities [Abstract]  
Schedule of weighted-average assumptions

 

 

Six Months Ended

 

 

Year Ended

 

 

 

February 28, 2018

 

 

August 31, 2017

 

Expected term

 

0.10- 4.93 years

 

 

 

-

 

Expected average volatility

 

49% - 350

%

 

 

-

 

Expected dividend yield

 

 

-

 

 

 

-

 

Risk-free interest rate

 

0.98%-2.66

%

 

 

-

 

Schedule of derivative liabilities included in the balance sheet

Fair Value Measurements Using Significant Observable Inputs (Level 3)

 

Balance - August 31, 2017

 

$-

 

Addition of new derivative liabilities upon issuance of convertible notes as debt discounts

 

 

476,387

 

Addition of new derivative liabilities recognized as day one loss on derivatives from convertible notes

 

 

282,093

 

Addition of new derivative liabilities from reclass of warrants from additional paid in capital

 

 

2,078,065

 

Addition of new derivative liabilities recognized upon issuance of warrants

 

 

5,650,426

 

Addition of new derivative liabilities recognized as day one loss on derivatives from warrants

 

 

859,488

 

Reduction of derivative liabilities from exercise of warrants

 

 

(2,905,131)

Loss on change in fair value of the derivative liabilities

 

 

1,400,375

 

Balance - February 28, 2018

 

$7,841,703

 

Schedule of loss on derivative liability included in the income statement

 

 

Six Months Ended

 

 

 

February 28,

 

 

 

2018

 

 

2017

 

Day one loss due to derivative liabilities on convertible notes and warrants

 

$1,141,581

 

 

$-

 

Loss on change in fair value of the derivative liabilities

 

 

1,400,375

 

 

 

-

 

Total loss on change in the fair value of derivative liabilities

 

$2,541,956

 

 

$-