DERIVATIVE LIABILITY AND FAIR VALUE MEASUREMENTS (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Aug. 31, 2020 |
Aug. 31, 2019 |
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| Fair Value Of Warrant Liability Roll Forward | ||
| Fair value - Beginning | $ 29,501 | |
| Change in fair value for the period of warrant derivative liability | 29,501 | $ 1,006,099 |
| Fair value - Ending | 0 | 29,501 |
| Warrant | ||
| Fair Value Of Warrant Liability Roll Forward | ||
| Fair value - Beginning | 29,501 | 0 |
| Reclass of warrant derivative liability from equity | 1,035,600 | |
| Change in fair value for the period of warrant derivative liability | (29,501) | (1,006,099) |
| Fair value - Ending | $ 0 | $ 29,501 |
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- Definition Represents the change in fair value for the period of warrant derivative liability. No definition available.
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition reclass of warrant derivative liability from equity. No definition available.
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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