Annual report pursuant to Section 13 and 15(d)

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

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Note 1 - Nature of Business and Significant Accounting Policies (Tables)
12 Months Ended
Aug. 31, 2018
Accounting Policies [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
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