General form of registration statement for all companies including face-amount certificate companies

DERIVATIVE LIABILITY AND FAIR VALUE MEASUREMENTS (Tables)

v3.19.1
DERIVATIVE LIABILITY AND FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Feb. 28, 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

 

 

 (918,050 )

Change in fair value for the period of warrant derivative liability

 

 

 333,130

 

Fair value – February 28, 2019

 

 

 584,920

 
Summary of pricing model of estimate fair value of derivative liability

 

 

February 28,

2019

 

 

August 31,

2018

 

Assumptions for Pricing Model:

 

 

 

 

 

 

Expected term in years

 

0.25 – 0.33

 

 

 

 —

 

Volatility

 

 

 146 %

 

 

 —

 

Risk-free interest rate

 

2.45% - 2.52

%

 

 

 —

 

Expected annual dividends

 

 

 0 %

 

 

 —