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NOTE 10 – WARRANTS (Tables)
3 Months Ended
Nov. 30, 2021
Note 10 Warrants  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
Date of Exercise Anti Dilution Value of Warrant Shares Anti Dilution Base (Exercise) Price (B) Mkt Price (90 Day High Preceding Exercise date) (A) # of WTS Shares Elected for purchase (Y) Common Shares to be issued upon exercise (X) = Y(A-B)/A

Cashless

Payment

July 20, 2020 $100,000  $  0.0300  $            21.00          250,358             250,000 $7,511
July 21, 2020 $92,489  $  0.0300  $            21.00          250,358             250,000 $7,511
July 23, 2020 $84,979  $  0.0300  $            21.00          250,358             250,000 $7,511
July 29, 2020 $77,468  $  0.0300  $            21.00          250,358             250,000 $7,511
August 4, 2020 $69,957  $  0.0300  $            21.00          250,358             250,000 $7,511
August 11, 2020 $62,446  $  0.0300  $            21.00          500,715             500,000 $15,021
August 21, 2020 $47,425  $  0.0300  $            21.00          500,715             500,000 $15,021
August 25, 2020 $32,403  $  0.0205  $            21.00          500,489             500,000 $10,260
August 31, 2020 $22,143  $  0.0205  $            21.00          500,489             500,000 $10,260
September 9, 2020 $11,883  $  0.0205  $            21.00          470,786             470,326 $9,651
Total             3,724,984          3,720,326  $ 97,768

 

Peak One warrant issued on July 30, 2020

 

Date of Exercise Anti Dilution Value of Warrant Shares Anti Dilution Base (Exercise) Price (B) Market Price (90 Day High Preceding Exercise date) (A) # of WTS Shares Elected for purchase (Y) Common Shares to be issued upon exercise (X) = Y(A-B)/A Cashless Payment
October 8, 2020 $75,000 0.01672 $10.00   750,000     748,746 $12,540
December 21, 2020 $62,460 0.00609 $0.068 2,564,039 2,344,407 $15,615
December 28, 2020 $46,845 0.00609 $0.068 2,564,039 2,344,407 $15,615
January 6, 2021 $31,230 0.00609 $0.068 5,128,079 4,668,814 $31,230
Total        11,006,157 10,086,374 $75,000

 

EMA Financial warrant issued on January 17, 2020:

 

Date of Exercise Anti Dilution Value of Warrant Shares Anti Dilution Base (Exercise) Price (B) Market Price (90 Day High Preceding Exercise date) (A) # of WTS Shares Elected for purchase (Y) Common Shares to be issued upon exercise (X) = Y(A-B)/A Cashless Payment
September 8, 2020 $375,000 0.00812 $17.00       2,400,002          2,398,856 $19,488
September 14, 2020 $355,512 0.00812 $17.00       2,950,000          2,948,951 $23,954
September 22, 2020 $331,558 0.00812 $10.00       3,400,000          3,397,239 $27,608
September 25, 2020 $303,950 0.00812 $10.00       3,600,000          3,597,077 $29,232
October 1, 2020 $274,718 0.00812 $10.00       4,150,000          4,146,630 $33,698
October 12, 2020 $241,020 0.00812 $6.50       4,600,000          4,594,254 $37,352
October 19, 2020 $203,668 0.00812 $6.50       4,800,000          4,794,004 $38,976
October 29, 2020 $164,692 0.00812 $2.02       5,200,000          5,179,097 $42,224
November 5, 2020 $122,468 0.00812 $0.60       5,500,000          5,425,567 $44,660
November 11, 2020 $77,808 0.00812 $0.43       5,700,000          5,592,363 $46,284
November 20, 2020 $31,524 0.00812 $0.30       3,882,264          3,777,184 $31,524
Total           46,182,266        45,851,222   $375,000

 

 

If the Market Price of one share of Common Stock is greater than the Exercise Price, the Holder may elect to receive Warrant Shares pursuant to a cashless exercise, in lieu of a cash exercise, equal to the value of this Warrant determined in the manner described below (or of any portion thereof remaining unexercised) by surrender of this Warrant and a Notice of Exercise, in which event the Company shall issue to Holder a number of Common Stock computed using the formula of X = Y (A-B)/A, where X, Y, A, B are as below.

 

X = the number of Warrant Shares to be issued to Holder.

Y = the number of Warrant Shares that the Holder elects to purchase under this

Warrant (at the date of such calculation).

A = the Market Price (at the date of such calculation).

B = Exercise Price (as adjusted to the date of such calculation).

 

The exercise prices for all the warrants are subject to anti-dilution adjustments. If the Company issues common stocks under a purchase agreement, issue options, or convert notes to common stocks at a lower price than the warrant exercise prices while the warrants are still outstanding, such lower price is the base price that the warrant exercise price can be reduced to. As such, the Holder will receive additional warrant shares to keep the same warrant value as the original issuance before the exercise price is adjusted down.

 

A summary of the status of the Company’s warrants as of November 30, 2021 is presented below. The number of shares is adjusted in accordance with the anti-dilution adjustment and equals the original number of warrant shares times the original exercise prices divided by based prices. Base price is either the note conversion price or the share issuance price used by the Company while the warrants are outstanding.

 

NOTE 10 - WARRANTS - Schedule of Warrant Summary
   Number of warrants
   Original shares issued  Anti-dilution Adjusted
Warrants as of August 31, 2020   793,920    68,163,661 
 Warrants granted            
 Exercised, forfeited or expired   (793,920)   (68,163,661)
 Outstanding as of November 30, 2021            
 Exercisable as of November 30, 2021