Quarterly report pursuant to Section 13 or 15(d)

Summary of significant accounting policies (Details 3)

v3.19.2
Summary of significant accounting policies (Details 3) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2019
May 31, 2018
May 31, 2019
May 31, 2018
Diluted Earnings per common share:        
Net loss allocated to common shareholders $ (4,996,022) $ (1,817,319) $ (9,382,889) $ (7,877,419)
Less: mark to market gain (1,730,579)
Net loss allocated to common shareholders $ (6,726,601) $ (1,817,319) $ (9,382,889) $ (7,877,419)
Weighted average shares outstanding 34,516,621 28,800,675 31,623,064 28,795,145
Incremental shares from convertible notes with “down round” provision 10,000,000
Diluted weighted average shares outstanding 44,516,621 28,800,675 31,623,064 28,795,145
Diluted net loss per common share $ (0.15) $ (0.06) $ (0.30) $ (0.27)