CONDENSED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Feb. 28, 2019 |
Feb. 28, 2018 |
Feb. 28, 2019 |
Feb. 28, 2018 |
|
| Revenue | $ 0 | $ 261 | $ 0 | $ 475 |
| Cost of goods sold | 0 | 184 | 0 | 211 |
| Gross profit | 0 | 77 | 0 | 264 |
| Operating expenses: | ||||
| Selling, general and administrative | 388,905 | 66,479 | 536,428 | 151,722 |
| Total operating expenses | 388,905 | 66,479 | 536,428 | 151,722 |
| Operating loss | (388,905) | (66,402) | (536,428) | (151,458) |
| Other income (expense): | ||||
| Interest expense, net | (368) | (768,129) | (133,913) | (449,136) |
| Excess value of warrants liability over net proceeds of sale of common stock at inception | (3,675,385) | (3,675,385) | 0 | |
| Gain on exchange of debt and equity | 0 | 139,323 | 472,267 | 139,323 |
| Gain (loss) on change in fair value of derivative liability | 3,898,599 | (256,286) | 4,212,620 | (600,923) |
| Total other income (expense), net | 222,846 | (885,092) | 875,589 | (910,736) |
| Net (loss) income before tax | (166,059) | (951,494) | 339,161 | (1,062,194) |
| Provision for income tax | 0 | 0 | 0 | 0 |
| Net (loss) income | (166,059) | (951,494) | 339,161 | (1,062,194) |
| Preferred stock dividend | (68,787) | 0 | (109,934) | 0 |
| Net (loss) income available to common shareholders | $ (234,846) | $ (951,494) | $ 229,227 | $ (1,062,194) |
| Net loss (income) per share – basic (in Dollars per share) | $ (0.09) | $ (0.31) | $ 0.08 | $ (0.35) |
| Net loss (income) per share - diluted (in Dollars per share) | $ (0.09) | $ (0.31) | $ 0.06 | $ (0.35) |
| Weighted average shares outstanding - basic (in Shares) | 2,724,359 | 3,039,160 | 2,883,911 | 3,027,393 |
| Weighted average shares outstanding – diluted (in Shares) | 2,724,359 | 3,039,160 | 5,449,488 | 3,027,393 |
| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition For a debtor, the aggregate gain (loss) recognized on the restructuring of payables arises from the difference between the book value of the debt before the restructuring and the fair value of the payments on the debt after restructuring is complete. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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