Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Restatement of Financial Statements (Details)

v3.10.0.1
Note 2 - Restatement of Financial Statements (Details) - Restatement Adjustment [Member] - USD ($)
 3 Months Ended 9 Months Ended
May 31, 2018
Feb. 28, 2018
Nov. 30, 2017
May 31, 2018
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Disposal Group, Including Discontinued Operation, Assets, Current [1] $ (3,887,878)     $ (3,887,878)
Accounts Payable and Accrued Liabilities, Current [2] (117,534)     (117,534)
Derivative Liability, Current [3] 1,280,613     1,280,613
Disposal Group, Including Discontinued Operation, Liabilities, Current [4] 11,641,297     11,641,297
Liabilities, Current [5] 12,804,376     12,804,376
Additional Paid in Capital [6] (3,094,777)     (3,094,777)
Net Effect of Changes in Certain Convertible Notes 922,815     22,592
Retained Earnings (Accumulated Deficit) [7] (13,597,477)     (13,597,477)
Stockholders' Equity Attributable to Parent [8] (16,692,254)     (16,692,254)
Liabilities and Equity [9] (3,887,878)     (3,887,878)
Interest Expense (430,467) [10]     (816,325) [11]
Net Effect of Changes in Certain Convertible Notes 490,432      
Net Effect of Changes in Certain Convertible Notes       816,325
Net Effect of Changes in Certain Convertible Notes       876,290
Net Effect of Changes in Certain Convertible Notes 1,162,767      
Net Effect of Changes in Certain Convertible Notes       877,711
Net Effect of Changes in Certain Convertible Notes       139,325
Net Effect of Changes in Certain Convertible Notes       474,649
Gain (Loss) on Derivative Instruments, Net, Pretax (492,089) [12]     (888,700) [13]
Net Effect of Changes in Certain Convertible Notes       40,072
Net Effect of Changes in Certain Convertible Notes       356,539
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent [12] (13,928,166)     (13,928,166)
Net Income (Loss) Attributable to Parent [14] (12,966,344)     (13,597,477)
Derivative, Gain (Loss) on Derivative, Net 880,462 $ 259,491 $ 111,281 (880,462) [15]
Amortization of Debt Discount (Premium) [16]       (682,689)
(Gain) Loss on Conversion 139,325 [17]     474,649 [18],[19]
Increase (Decrease) in Accounts Payable and Accrued Liabilities [19]       (494,182)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [20]       (368,782)
Fair Value of 15,000,000 Warrants Cancelled in August, 2018 [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Additional Paid in Capital (6,387,081)     (6,387,081)
Derivative Liability Associated With Issuance of 500,000 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Derivative Liability, Current 177,499     177,499
Mark to Market of Derivative Liability Associated With Issuance of 2,054,405 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Derivative Liability, Current 532,161     532,161
Derivative Liability Associated With Issuance of 25,000,000 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Disposal Group, Including Discontinued Operation, Liabilities, Current 7,988,090     7,988,090
Additional Paid in Capital 7,988,090     7,988,090
Revaluation of Derivative Liability Associated With Issuance of 25,000,000 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Disposal Group, Including Discontinued Operation, Liabilities, Current 3,535,673     3,535,673
Derivative Liability Associated With Convertible Note Payable [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Additional Paid in Capital (570,953)     (570,953)
Revaluation of Derivative Liability Associated With 1,554,405 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Warrants and Rights Outstanding 1,554,405     1,554,405
Derivative, Gain (Loss) on Derivative, Net 412,197      
Revaluation of Derivative Liability Associated With 500,000 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Warrants and Rights Outstanding 500,000     500,000
Derivative, Gain (Loss) on Derivative, Net 119,964      
Discontinued Operations [Member] | Loan Payable [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Accounts Payable and Accrued Liabilities, Current (117,534)     (117,534)
Write-off of the Balance of the Note Receivable Related to Discontinued Operations [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Disposal Group, Including Discontinued Operation, Assets, Current (3,887,878)     (3,887,878)
Charged to Additional Paid-in Capital [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Derivative Liability, Current 570,953     570,953
Accrued Interest on the Loan Payable Related to Discontinued Operations [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Interest Expense (117,534)      
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 117,534      
Accrued Interest on the Loan Payable Related to Discontinued Operations [Member] | Discontinued Operations [Member] | Loan Payable [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Disposal Group, Including Discontinued Operation, Liabilities, Current 117,534     117,534
Write-off of Note Receivable Associated With Discontinued Operations [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Retained Earnings (Accumulated Deficit) (4,490,270)     (4,490,270)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 4,490,270      
Revaluation of Derivative Liability Associated With Issuance of 25,000,000 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Retained Earnings (Accumulated Deficit) (3,535,673)     (3,535,673)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (3,535,673)      
Excess Value of Derivative Liability Associated With Issuance of 500,000 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Retained Earnings (Accumulated Deficit) (177,499)     (177,499)
Mark to Market of Derivative Liability Associated With Issuance of 2,054,405 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Retained Earnings (Accumulated Deficit) (532,161)     (532,161)
Revaluation of Bitcoin at August 21, 2018 [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Retained Earnings (Accumulated Deficit) (602,392)     (602,392)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 602,392      
Gain on Cancellation of 15,000,000 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Retained Earnings (Accumulated Deficit) (6,387,081)     (6,387,081)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 6,387,081      
Net Income (Loss) Attributable to Parent       $ 12,966,344
Derivative in Excess of Principal Amount of Note Associated With 500,000 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Interest Expense 177,499      
Revaluation of Derivative Liability Associated With 500,000 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Gain (Loss) on Derivative Instruments, Net, Pretax (119,964)      
Revaluation of Derivative Liability Associated With 1,554,405 Warrants [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Gain (Loss) on Derivative Instruments, Net, Pretax (412,197)      
Amount Transferred to Discontinued Operations [Member]        
Note 2 - Restatement of Financial Statements (Details) [Line Items]        
Increase (Decrease) in Accounts Payable and Accrued Liabilities $ 494,181      
[1] $3,887,878: Write-off of the balance of the note receivable related to discontinued operations recorded during the period ended May 31, 2018 in the financial statements as originally filed, not recorded during the period ended May 31, 2018 as amended.
[2] ($117,534): Accrued interest on the loan payable related to discontinued operations charged to continuing operations in the financial statements as originally filed, charged to discontinued operations in the financial statements as amended.
[3] $1,280,613: (i) $570,953: A derivative liability associated with a convertible note payable was charged to additional paid-in capital in the financial statements as originally filed, and charged to derivative liability in the financial statements as amended; (ii) $177,499: A derivative liability associated with the issuance of 500,000 warrants was not recorded in the financial statements as originally filed, and charged to derivative liability in the financial statements as amended; (iii) $532,161: mark to market of the derivative liability associated with 2,054,405 warrants not recorded in the financial statements as originally filed, charged to derivative liability in the financial statements as amended.
[4] $11,641,297: (i) $7,988,090: Fair value of derivative liabilities in connection with 25,000,000 warrants were charged to additional paid-in capital in the financial statements as originally filed, charged to derivative liability in the financial statements as amended; (ii) $3,535,673: Revaluation of the derivative liability associated with the 25,000,000 warrants not recorded in the financial statements as originally filed, charged to derivative liability in the financial statements as amended; (iii) $117,534: Accrued interest on the loan payable related to discontinued operations charged to continuing operations in the financial statements as originally filed, charged to discontinued operations as amended.
[5] $12,804,376: Net of (2), (3), and (4) above.
[6] $3,094,777: (i) $570,953: Fair value of the derivative liability associated with a convertible note payable was charged to additional paid-in capital in the financial statements as originally filed, and charged to derivative liability in the financial statements as amended; (ii) $7,988,090: Fair value of a derivative liability in connection with 25,000,000 warrants in the amount of was charged to additional paid-in capital in the financial statements as originally filed, and charged to derivative liability in the financial statements as amended; (iii) $6,387,081: Fair value of 15,000,000 warrants cancelled in August, 2018, charged to additional paid-in capital in the financial statements as originally filed; not recorded in the financial statements as amended; (iv) net effect of changes in connection with accounting for conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes: $922,815.
[7] $13,597,477: (i) $4,490,270 write-off of note receivable associated with discontinued operations in the amended financial statement, not in the financial statements as filed; (ii) $3,535,673 revaluation of derivative liability related to 25,000,000 warrants as of May 31, 2018 in the amended financial statements, not in the financial statements as originally filed; (iii) $177,499 derivative expense - excess value of the derivative liability associated with 500,000 warrants in the amended financial statements, not in the financial statements as originally filed; (iv) $532,161 mark to market 2,054,405 warrants in the amended financial statements, not in the financial statements as originally filed; (v) $602,392: revaluation of Bitcoin at August 21, 2018 made in original financial statements, not in amended financial statements; (vi) $6,387,081: gain on cancellation of 15,000,000 warrants recorded in the financial statements as originally filed, not in the amended financial statements; (vii) net effect of changes in connection with accounting for conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes: $922,815.
[8] $16,692,254: Net of (6) and (7) above.
[9] $3,887,878: Net of (5) and (8) above.
[10] $430,467: (i) $117,534 interest on note payable charged to continuing operations in the financial statements as originally filed, moved to discontinued operations in the amended financial statements; (ii) $177,499: derivative in excess of principal amount of note associated with 500,000 warrants in amended financial statements, not recorded in financial statements as originally filed; (iii) net effect of changes in connection with accounting for conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes: $490,432.
[11] $816,325: (i) $117,534 interest on note payable charged to continuing operations in the financial statements as originally filed, moved to discontinued operations in the amended financial statements; (ii) $177,499: derivative in excess of principal amount of note associated with 500,000 warrants in amended financial statements, not recorded in financial statements as originally filed; (iii) net effect of changes in connection with accounting for conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes: $876,290.
[12] $492,089: (i) $119,964 revaluation of derivative liability associated with 500,000 warrants in the amended financial statement, not in the financial statements as originally filed; (ii) $412,197 revaluation of derivative liability associated with 1,554,405 warrants in the amended financial statement, not in the financial statements as originally filed; (iii) net effect of changes in connection with accounting for conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes: $40,072.
[13] $888,700: (i) $119,964 revaluation of derivative liability associated with 500,000 warrants in the amended financial statement, not in the financial statements as originally filed; (ii) $412,197 revaluation of derivative liability associated with 1,554,405 warrants in the amended financial statement, not in the financial statements as originally filed; (iii) net effect of changes in connection with accounting for conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes: $356,539.
[14] $961,820: Net of (10), (11), (12), and (13) above.
[15] $880,462: (i) $111,281 revaluation of non-warrant derivative liabilities at 11.30.17; (ii) $259,491: revaluation of non-warrant derivative liabilities at 02.28.18; (iii) $119,964: $119,964 revaluation of derivative liability associated with 500,000 warrants in the amended financial statement, not in the financial statements as originally filed; (iv) $412,197: revaluation of derivative liability associated with 1,554,405 warrants in the amended financial statement, not in the financial statements as originally filed; derivative in excess of principal amount of note associated with 500,000 warrants in amended financial statements, not recorded in financial statements as originally filed; (v) $22,592: net change attributable to accounting change for gain or loss due to conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes.
[16] $682,689: Net change attributable to accounting change for gain or loss due to conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes.
[17] $139,325: net effect of changes in connection with accounting for conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes: $139,325.
[18] $474,649: net effect of changes in connection with accounting for conversion of convertible notes payable and accrued interest to equity, and restructure of certain convertible notes: $474,649.
[19] $494,181: Amount transferred to discontinued operations in the financial statements as amended.
[20] $368,782: Sum of (15a), (18), (19), (20), (21), and (22) above.