Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity

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Consolidated Statements of Stockholders' Equity - USD ($)
Total
Warrant [Member]
Treasury Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Balance, shares at Aug. 31, 2017 28,762,424
Balance, amount at Aug. 31, 2017 $ 5,615,000 $ (9,400,000) $ 3,000 $ 15,013,000
Warrants exercised for cash, shares   37,500   37,500  
Warrants issued with convertible debt 859,000   859,000
Warrants exercised for cash, amount 75,000     75,000
Net Income (Loss) (16,823,000) $ (16,823,000)
Common stock issued for services rendered, shares       51,863  
Stock-based compensation expense 200,000     200,000
Intrinsic value due to beneficial conversion feature 2,156,000   $ 2,155,000
Common stock issued for services rendered, amount $ 163,000     $ 163,000  
Balance, shares at Aug. 31, 2018 28,851,787
Balance, amount at Aug. 31, 2018 $ (7,755,000) $ (26,223,000) $ 3,000 $ 18,465,000
Warrants exercised for cash, shares   267,500   267,500  
Warrants exercised for cash, amount 660,000     660,000
Reclass of derivative liability upon conversion of related convertible notes 12,000     12,000
Net Income (Loss) $ (18,727,000) $ (18,727,000)
Common stock issued for services rendered, shares     199,372
Stock-based compensation expense $ 369,000     $ 369,000
Treasury stock received for settlement of note receivable, shares        
Shares issued to induce debt conversion, shares       2,732,160  
Common stock issued for services rendered, amount 263,000     263,000
Common shares issued upon conversion of convertible notes and interest, shares       4,231,075  
Common shares issued upon conversion of convertible notes and interest, amount 8,904,000     $ 1,000 8,903,000
Shares issued to induce debt conversion, amount 3,829,000     3,829,000
Treasury stock received for settlement of note receivable, amount $ (325,000)   $ (325,000)
Balance, shares at Aug. 31, 2019 36,281,894
Balance, amount at Aug. 31, 2019 $ (12,770,000) $ (44,950,000) $ (325,000) $ 4,000 $ 32,501,000