Quarterly report pursuant to Section 13 or 15(d)

Note 1 - Nature of Business and Significant Accounting Policies (Tables)

v3.10.0.1
Note 1 - Nature of Business and Significant Accounting Policies (Tables)
 3 Months Ended
Nov. 30, 2018
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following is a reconciliation of the number of shares used in the calculation of basic earnings per share and diluted earnings per share for the three months ended November 30, 2018, and 2017:

   

2018

    

2017

  
                 

Net income (loss) available to common shareholders

   $ 464,073     $ (110,700 )

Plus: Income impact of assumed conversions

                

Preferred stock dividends

     29,808       -  

Net income (loss) available to common shareholders + assumed conversions

   $ 493,881     $ (110,700 )
                 

Weighted average common shares outstanding

     79,084,468       78,409,661  

Plus: Incremental shares from assumed conversions

                

Series E Convertible Preferred Stock

     40,681,428       -  

Dilutive potential common shares

     40,681,428       -  

Adjusted weighted average shares

     119,765,896       78,409,661  
                 

Net income (loss) per share:

                

Basic

   $ 0.01     $ (0.00 )

Diluted

   $ 0.00     $ (0.00 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following securities were not included in the computation of diluted net earnings per share as their effect would have been antidilutive:

   

November 30, 2018

    

November 30, 2017

  
                 

Conversion of notes payable

     -       1,578,896  
      -       1,578,896