Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Derivative Liability (Tables)

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Note 7 - Derivative Liability (Tables)
 9 Months Ended
May 31, 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. See note 7. 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 nine months ended May 31, 2018:

   

Derivative

  
   

Liability

  

Liabilities Measured at Fair Value

        
         

Balance as of August 31, 2017

   $ 312,878  
         

Issuances

     1,962,098  
         

Conversions / redemptions

     (1,247,380

)
         

Revaluation

     1,133,209  
         

Balance as of May 31, 2018

   $ 2,160,805  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
The derivative liabilities incurred valued based upon the following assumptions and key inputs at May 31, 2018 and August 31, 2017:

   

May 31,

    

August 31,

  

Assumption

  

2018

    

2017

  

Expected dividends:

     0

%

     0

%

Expected volatility:

     121.1 – 246.8

%

     37.8– 276.9

%

Expected term (years):

     0.21 – 1.00       0.04 – 0.50  

Risk free interest rate:

     0.97 – 2.08

%

     0.26– 0.98

%

Stock price

   $ 0.35 – 1.11     $ 0.51 – 1.97