Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Derivative Liability (Tables)

v3.8.0.1
Note 6 - Derivative Liability (Tables)
 3 Months Ended
Nov. 30, 2017
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 Generally Accepted Accounting Principles (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 period ended November 30, 2017:

 
  
Derivative
  
 
  
Liability
  
Liabilities Measured at Fair Value
      
 
      
Balance as of August 31, 2017
  
$
312,878
  
 
        
Issuances
    
126,557
  
 
        
Conversions / redemptions
    
(23,447
)
 
        
Revaluation
    
(111,281
)
 
        
Balance as of November 30, 2017
  
$
304,707
  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
The derivative liabilities incurred valued based upon the following assumptions and key inputs at November 30, 2017 and August 31, 2017:

 
  
November 30,
    
August 31,
  
Assumption
  
2017
    
2017
  
Expected dividends:
    
0
%
    
0
%
Expected volatility:
    
135.9 – 246.8
%
    
37.8 – 276.9
%
Expected term (years):
  
0.07 – 0.50
years  
0.04 – 0.50
years
Risk free interest rate:
    
0.86 – 1.06
%
    
0.26 – 0.98
%
Stock price
  
$
0.35 – 0.50
    
$
0.51 – 1.97