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DERIVATIVE LIABILITY AND FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Aug. 31, 2019
Derivative Liability And Fair Value Measurements [Abstract]  
Summary of fair value of warrant liability

Fair value – August 31, 2018

 

$ -

 

 

 

 

 

 

Reclass of warrant derivative liability from equity

 

 

1,035,600

 

Change in fair value for the period of warrant derivative liability

 

 

(1,006,099 )

Fair value – August 31, 2019

 

 

29,501

 

Summary of pricing model of estimate fair value of derivative liability

 

 

Year Ended

August 31,

2019

 

 

Year Ended

August 31,

2018

 

Assumptions for Pricing Model:

 

 

 

 

 

 

Expected term in years

 

 

0.46

 

 

 

-

 

Volatility

 

 

127 %

 

 

-

 

Risk-free interest rate

 

1.42%-2.10

 %

 

 

-

 

Expected annual dividends

 

 

0 %

 

 

-