Annual report pursuant to Section 13 and 15(d)

Income Taxes - Effective income tax rate (Details)

v3.20.2
Income Taxes - Effective income tax rate (Details) - USD ($)
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Income Taxes      
Federal statutory rate (21%) $ 19,000,000 $ 2,673,000  
Non-deductible penalties and other permanent differences (49,000) (430,000)  
State taxes (8.84%) 1,688,000 1,116,000  
Redetermination of prior year taxes (184,000)    
Loss on debt extinguishment (747,000)    
Preferred Option exchange expense (13,039,000)    
Loss on inducement (453,000)    
Change in fair value of derivative and warrant liability   (2,569,000)  
Change in valuation allowance (6,584,000) (3,359,000)  
Income Tax Expense (Benefit), Total