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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Feb. 28, 2021

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)

Total Fair value at February 28, 2021

Derivative liabilities

$

—

$

—

$

45,490

$

45,490

Schedule of fair value summary

		Derivative liabilities embedded in convertible notes

Fair value at August 31, 2020		$	64,584
Increase from note issuances			74,187
Decrease from note conversions			(33,490)
Changes in the fair value			58,090
Fair value at November 30, 2020		$	163,372
Increase from note issuances			—
Decrease from note prepayment			(136,321)
Changes in the fair value			18,439
Fair value at February 28, 2021		$	45,490

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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