EQUITY (Tables)

6 Months Ended

Feb. 29, 2020

Equity [Abstract]

Schedule of activity warrants outstanding

			Weighted		Weighted
	Number of		Average		Average
	shares		Exercise Price		Life (years)
Outstanding, August 31, 2019		2,334,937	$	8.15		4.14
Granted		—		—		—
Forfeited		—		—		—
Exercised		—		—		—
Outstanding, February 29, 2020		2,334,937	$	8.15		3.67

Schedule of stock options assumptions

	Six Months Ended			Year Ended
	February 29,			August 31,
	2020			2019
Expected term	4.34 - 5 years			5 years
Expected average volatility		155	%		158	%
Expected dividend yield		—			—
Risk-free interest rate	1.66%  - 1.67		%	1.40 - 1.78		%

Schedule of stock option activity

	Options Outstanding
	Number of			Weighted Average		Weighted Average
	Options			Exercise Price		Remaining life
						(years)
Outstanding, August 31, 2019		234,000		$	3.88	$	9.78
Granted		74,000			2.48		10.00
Exercised		—
Forfeited/canceled		(26,166	)		3.31		9.58
Outstanding, August 31, 2020		281,834		$	3.57	$	9.41

Schedule of exercisable stock options outstanding

Options Outstanding						Options Exercisable
Number of		Weighted Average Remaining		Weighted Average		Number of		Weighted Average
Options		Contractual life (in years)		Exercise Price		Shares		Exercise Price
	46,084		8.47	$	10.80		28,489	$	10.80
	2,500		9.39	$	3.12		2,500	$	3.12
	159,250		9.50	$	1.99		93,628	$	1.99
	50,000		9.78	$	2.65		2,500	$	2.65
	24,000		9.79	$	2.12		1,000	$	2.12
	281,834		9.41	$	3.57		128,117	$	3.98