The basic net loss per common share is computed by dividing the net loss by the weighted average number of common stock outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as if converted” basis, by the weighted average number of common stock outstanding plus potential dilutive securities. At August 31, 2018 and 2017, there were 41,418,732 and 1,150,368 shares issuable, respectively, pursuant to our convertible notes, warrants, and convertible preferred stock. These shares were not included in the calculation of diluted loss per share because the effect would be anti-dilutive.

		August 31, 2018				August 31, 2017
Conversion of notes payable			2,157,326				1,150,368
Conversion of Series B Convertible Preferred Stock			27,207,001				-
Warrants to purchase common stock			12,054,405				-
			41,418,732				1,150,368