Annual report pursuant to Section 13 and 15(d)

EQUITY (Tables)

v3.21.2
EQUITY (Tables)
12 Months Ended
Aug. 31, 2021
EQUITY  
Schedule of activity warrants outstanding

 

 

 

 

 

 

 

 

Weighted

 

 

 

Number of

 

 

Weighted Average

 

 

Average

 

 

 

shares

 

 

Exercise Price

 

 

Life (years)

 

Outstanding, August 31, 2019

 

 

2,334,937

 

 

$ 8.12

 

 

 

4.14

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding, August 31, 2020

 

 

2,334,937

 

 

$ 8.12

 

 

 

3.30

 

Granted

 

 

10,120,000

 

 

 

0.75

 

 

 

5.00

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

(8,021,525 )

 

 

(0.75 )

 

 

(4.68 )

Outstanding, August 31, 2021

 

 

4,433,412

 

 

$ 4.63

 

 

 

3.16

 

Schedule of stock option assumptions

 

 

Year Ended

 

 

Year Ended

 

 

 

August 31,

 

 

August 31,

 

 

 

2021

 

 

2020

 

Expected term

 

5 years

 

 

5 years

 

Expected average volatility

 

151 - 157%

 

 

 

155%

Expected dividend yield

 

 

-

 

 

 

-

 

Risk-free interest rate

 

0.36 - 0.79%

 

 

 

1.67%
Schedule of stock option activity

 

 

Options Outstanding

 

 

Weighted Average

 

 

 

Number of

 

 

Weighted Average

 

 

Remaining life

 

 

 

Options

 

 

Exercise Price

 

 

(years)

 

 

 

 

 

 

 

 

 

 

 

Outstanding, August 31, 2019

 

 

234,000

 

 

$ 3.88

 

 

 

9.78

 

Granted

 

 

74,000

 

 

 

2.48

 

 

 

10.00

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/canceled

 

 

(26,166 )

 

 

(3.31 )

 

 

(9.58 )

Outstanding, August 31, 2020

 

 

281,834

 

 

$ 3.57

 

 

 

8.90

 

Granted

 

 

2,755,100

 

 

 

2.28

 

 

 

10.00

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited/canceled

 

 

(177,750 )

 

 

(2.57 )

 

 

(8.33 )

Outstanding, August 31, 2021

 

 

2,859,184

 

 

$ 2.39

 

 

 

9.27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable options, August 31, 2021

 

 

292,666

 

 

$ 3.29

 

 

 

7.75