Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY AND FAIR VALUE MEASUREMENTS (Tables)

v3.19.2
DERIVATIVE LIABILITY AND FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
May 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

 

 

 (997,274 )

Change in fair value for the period of warrant derivative liability

 

 

 897,096

 

Fair value – May 31, 2019

 

 

 (100,178 )
Summary of pricing model of estimate fair value of derivative liability

 

 

Nine Months Ended

May 31,

2019

 

 

Year Ended

August 31,

2018

  

Assumptions for Pricing Model:

 

 

 

 

 

  

Expected term in years

 

0.06 – 0.16

 

 

-

  

Volatility

 

146%

 

-

  

Risk-free interest rate

 

2.35%-2.43 %

 

 

-

  

Expected annual dividends

 

0%

 

-