DERIVATIVE LIABILITY AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Aug. 31, 2020

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
Change in fair value for the period of warrant derivative liability		(29,501	)
Fair value – August 31, 2020	$	—

Summary of pricing model of estimate fair value of derivative liability

	Year Ended
	August 31,
	2019
Assumptions for Pricing Model:
Expected term in years		0.46
Volatility		127	%
Risk-free interest rate	1.42%-2.10		%
Expected annual dividends		0	%