Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
 3 Months Ended
Nov. 30, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 9– SUBSEQUENT EVENTS

 

The Company noted the following events that occurred subsequent to November 30, 2019:

 

  • 7,373 shares of common stock were issued for an additional issuance of Series D per the terms of the subscription agreements.
  • 6,250 shares of common stock previously issued to a director of the Company were cancelled upon resignation of the director from the company.
  • On December 6, 2019, the Company issued 10,000 stock options to a director of the Company. The exercise price per share is $2.65 and the stock options expire on December 6, 2020. The stock options vest 1/24th monthly over a period of two years after the grant date.
  • On December 6, 2019, the Company issued 40,000 stock options to a director of the Company. The exercise price per share is $2.65 and the stock options expire on December 6, 2020. The stock options vest 1/48th monthly over a period of four years after the grant date.