Quarterly report pursuant to Section 13 or 15(d)

EQUITY (Detail Textuals 1)

v3.21.1
EQUITY (Detail Textuals 1) - USD ($)
 1 Months Ended 6 Months Ended
Feb. 12, 2021
Nov. 30, 2020
Sep. 30, 2020
Feb. 28, 2021
Aug. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of Options Granted       2,080,000  
Stock based compensation       $ 21,000  
Unamortized value of stock-based compensation       $ 12,833  
Number of options outstanding       2,361,834 281,834
Director          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of Options Granted 705,500 120,000      
Stock options exercise price per share $ 2.66 $ 0.6035      
Vesting period of stock option   4 years      
Expiration period of stock options   10 years      
Expects compensation for first year   $15,000 to $20,000 per year for the first year      
Expects compensation for second year and thereafter   $20,000 to $30,000 for the second year and thereafter      
Description of stock options plan 50% shall vest on the one-year anniversary of the grant date and 50% shall vest on the two-year anniversary of the grant date, subject to our directors’ continued service        
President          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of Options Granted 834,500        
Stock options exercise price per share $ 2.66        
Description of stock options plan 50% shall vest on the one-year anniversary of the grant date and 50% shall vest on the two-year anniversary of the grant date, subject to our president’s continued service        
Employees          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Number of Options Granted 420,000        
Stock options exercise price per share $ 2.66        
Description of stock options plan 25% shall vest on the one-year anniversary of the vesting commencement date, and 1/48th of the shares subject to the option shall vest each month thereafter on the same day of the month as the vesting commencement date        
Amendment and Restated 2018 Equity Plan          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Maximum number of common stock shares authorized     748,738 3,548,738  
Number of additional common stock shares authorized     2,000,000    
Number of shares available to be issued       1,186,904  
Stock Options          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Stock based compensation       $ 371,817  
Stock-based compensation expense to related parties       308,516  
Unamortized value of stock-based compensation       4,886,651  
Unamortized value of stock based compensation to related parties       $ 4,194,717  
Number of options outstanding       2,361,834  
Intrinsic value       $ 148,380