Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.19.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2019
May 31, 2018
May 31, 2019
May 31, 2018
OPERATING EXPENSES        
General and administrative $ 402,803 $ 104,564 $ 666,226 $ 272,052
Professional fees 354,038 236,375 731,277 463,719
Research and development 184,204 236,845 858,224 917,388
Depreciation 243 73 383 249
Total Operating Expenses 941,288 577,857 2,256,110 1,653,378
Loss from Operations (941,288) (577,857) (2,256,110) (1,653,378)
OTHER INCOME (EXPENSE)        
Other income 32,439   32,439  
Change in fair value of derivative liabilities 563,966   897,096  
Total other income (596,405)   (929,535)  
Provision for income taxes 0 0 0 0
NET LOSS (344,883) (577,857) (1,326,575) (1,653,378)
OTHER COMPREHENSIVE LOSS        
Foreign currency translation adjustments 771 (10,062) 2,053 (12,341)
Total Other Comprehensive Income Loss 771 (10,062) 2,053 (12,341)
TOTAL COMPREHENSIVE LOSS $ (344,112) $ (587,919) $ (1,324,522) $ (1,665,719)
Basic Loss per Common Share (in dollars per share) $ (0.17) $ (0.36) $ (0.70) $ (1.11)
Diluted Loss per Common Share (in dollars per share) $ (0.40) $ (0.36) $ (1.04) $ (1.11)
Basic Weighted Average Common Shares Outstanding (in shares) 2,058,929 1,592,635 1,898,263 1,493,713
Diluted Weighted Average Common Shares Outstanding (in shares) 2,267,655 1,592,635 2,142,959 1,493,713