Subsequent Events (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | ||
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Dec. 07, 2018 |
Dec. 20, 2018 |
Nov. 30, 2018 |
Nov. 30, 2017 |
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Common stock shares issued for services | 12,432 | |||
Board of Directors [Member] | ||||
Fair value price per share | $ 3.05 | |||
Subsequent Event [Member] | ||||
Common stock shares issued upon conversion of convertible debt | 1,285,245 | |||
Repayment of principal amount | $ 1,780,606 | |||
Accrued interest of convertible notes | $ 139,300 | |||
Settlement agreement description | the Company increased the principal amount of the notes payable to the investors by $888,888 in full settlement of the previously accrued $3.5 million default amount thereby decreasing the total liabilities reported on the Companys November 30, 2018, and August 31, 2018, balance sheet by $2.6 million, respectively. | |||
Subsequent Event [Member] | Incentive stock options [Member] | ||||
Stock options granted | 60,000 | |||
Fair value price per share | $ 2.62 | |||
Vesting period | 48 months | |||
Subsequent Event [Member] | Board of Directors [Member] | ||||
Common stock shares issued for services | 32,895 | |||
Vesting period description | 50% of the shares will vest on March 28, 2019, following the completion of six months of service, the remaining 50% of the shares will vest on September 27, 2019 following the completion of another year of service under their Director agreements through that date. |
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- References No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Net number of share options (or share units) granted during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average grant-date fair value of options vested. No definition available.
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- Definition Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders. No definition available.
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