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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Aug. 31, 2020

Fair Value Disclosures [Abstract]

Fair value measurements using inputs

Fair value measurement using:

Quoted prices in active markets for identical assets (Level 1)

Significant other observable inputs

( Level 2)

Unobservable inputs

( Level 3)

Fair value at August 31, 2020

Derivative liabilities

$

—

$

—

$

64,584

$

64,584

Schedule of fair value summary

		Derivative liabilities embedded in convertible notes

Fair value at September 1, 2019		$	—
Increase in liability			18,084
Fair value at November 30, 2019			18,084
Increase in liability			34,683
Changes in the fair value			(2,441)
Fair value at February 29, 2020		$	50,326
Increase in liability			4,650
Changes in the fair value			(660)
Fair value at May 31, 2020			54,316
Increase in liability			18,558
Changes in the fair value			(8,290)
Fair value at August 31, 2020		$	64,584

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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