Quarterly report pursuant to Section 13 or 15(d)

Senior Secured Convertible Note Payable (Tables)

v3.10.0.1
Senior Secured Convertible Note Payable (Tables)
 3 Months Ended
Nov. 30, 2018
Senior Secured Convertible Note Payable  
Principal balances under convertible notes
   

November

 30,

    

August

31,

  
    2018     2018  
8% Senior Secured Convertible notes, Principal (in default)   $ 10,000,000     $ 10,000,000  
Less debt discount costs     (462,871 )     (617,162 )
Less debt issuance costs     (1,669,692 )     (2,226,323 )
Less Principal converted to common stock     (1,558,333 )     -  
Total outstanding convertible notes, net     6,309,104       7,156,515  
Less current portion of convertible notes payable     (6,309,104 )     (7,156,515 )
Long-term convertible notes payable   $ -     $ -