STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Aug. 31, 2020

Stockholders' Equity Note [Abstract]

Schedule of assumptions used

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted during the years ended August 31, 2020 and 2019:

	August 31, 2020	August 31, 2019
Expected term in years	2.3 - 5.9	3.0
Expected volatility	64% – 120%	64% – 87%
Risk-free interest rate	0.1% – 1.7%	1.39% – 3.01%
Expected dividend yield	0.0%	0.0%

Schedule of stock option activity

A summary of the Company’s stock option activity during the years ended August 31, 2019 and 2020 is presented below:

	Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Balance Outstanding, August 31, 2018	9,368	$	3.85	9.1	$	14,463
Granted	10,082	5.50
Exercised	(502)	1.20			$	2,576
Forfeited	(4,187)	4.46
Balance Outstanding, August 31, 2019	14,761	4.89		9.0	$	3,192
Granted	6,250	1.20
Exercised	(9)	2.06			$	14
Forfeited and cancelled	(10,358)	4.68
Balance Outstanding, August 31, 2020	10,644	$	1.58	8.5	$	232
Vested and expected to vest at August 31, 2020	8,709	$	1.74	8.3	$	183
Exercisable, August 31, 2020	5,806	$	2.19	7.9	$	108