Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.1
Note 1 - Nature of Business and Significant Accounting Policies (Tables)
 6 Months Ended
Feb. 28, 2019
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   

2019

    

2018

  
                 

Net loss available to common shareholders

   $ (234,846

)

   $ (951,494

)

Weighted average common shares outstanding

     2,724,359       3,039,160  
                 

Net loss per share:

                

Basic

   $ (0.09

)

   $ (0.31

)

Diluted

   $ (0.09

)

   $ (0.31

)
   

2019

    

2018

  
                 

Net income (loss) available to common shareholders

   $ 229,227     $ (1,062,194

)

Plus: Income impact of assumed conversions

                

Preferred stock dividends

     109,934       -  

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

   $ 339,161     $ (1,062,194

)
                 

Weighted average common shares outstanding

     2,883,911       3,027,393  

Plus: Incremental shares from assumed conversions

                

Series E Convertible Preferred Stock

     2,565,577       -  

Dilutive potential common shares

     2,565,577       -  

Adjusted weighted average shares

     5,449,488       3,027,393  
                 

Net income (loss) per share:

                

Basic

   $ 0.08     $ (0.35

)

Diluted

   $ 0.06     $ (0.35

)
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:

   

February 28, 2019

    

February 28, 2018

  
                 

Conversion of notes payable

     -       1,318,674  

Series E Convertible Preferred stock

     -       -  

Warrants

     712,820       19,231  

Stock options

     38,462       -  
      751,282       1,337,905