Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Derivative Liability (Tables)

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Note 7 - Derivative Liability (Tables)
 3 Months Ended
Nov. 30, 2018
Disclosure Text Block [Abstract]  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The Company recognized that the conversion feature embedded within its convertible debts is a financial derivative. The GAAP required that the Company’s embedded conversion option be accounted for at fair value. The following schedule shows the change in fair value of the derivative liabilities for the three months ended November 30, 2018:

   

Derivative

  
   

Liability

  

Liabilities Measured at Fair Value

        
         

Balance as of August 31, 2017

   $ 312,878  
         

Issuances

     1,565,487  
         

Conversions / redemptions

     (1,207,308

)
         

Reclass from sale of discontinued operations

     1,601,007  
         

Revaluation loss

     45,348  
         

Balance as of August 31, 2018

   $ 2,317,412  
         

Revaluation gain

     (314,022

)
         

Conversion / redemptions

     (2,003,390

)
         

Balance as of November 30, 2018

   $ -  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
The derivative liabilities incurred valued based upon the following assumptions and key inputs at November 30, 2018 and August 31, 2018:

   

November 30,

    

August 31,

  

Assumption

  

2018

    

2018

  

Expected dividends:

     0

%

     0

%

Expected volatility:

     155.0

%

     121.1– 248.8

%

Expected term (years):

     5.00       0.21–1.00  

Risk free interest rate:

     2.99

%

     0.97–2.08

%

Stock price

   $ 0.21     $ 0.35– 1.11