Stockholders' Equity (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | ||||||
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Mar. 12, 2019 |
Jul. 31, 2019 |
Jun. 30, 2019 |
Sep. 28, 2016 |
Aug. 31, 2019 |
Aug. 31, 2018 |
May 10, 2018 |
Aug. 31, 2017 |
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Preferred stock, par value | $ 0.0001 | $ 0.0001 | ||||||
Common stock shares held by shareholders | 25,600,000 | |||||||
Conversion description | The preferred stock that is the subject of such contingent option provides a right to elect a majority of the directors on the Board of Directors of the Corporation and does not include any rights to dividends, conversion to shares of common stock, or preference upon liquidation of the Corporation. The contingent option is exercisable only upon the acquisition of a 20% or greater voting interest in the Corporation by a party other than the founding shareholders, or prior to any proposed merger, consolidation (in which the Corporation’s common stock is changed or exchanged) or sale of at least 50% of the Corporation’s assets or earning power (other than a reincorporation). The right to exercise the option terminates on December 31, 2023. | |||||||
Class of warrant or right expiration date | ||||||||
Proceeds from exercise of warrants | $ 660,000 | $ 75,000 | ||||||
Exercise price | $ 1.59 | $ 2.64 | ||||||
Weighted average life of outstanding warrants in years | 4 years 4 months 24 days | |||||||
Number of shares outstanding, Beginning balance | 4,296,361 | 1,348,745 | 790,000 | |||||
Dividend yield | 0.00% | 0.00% | ||||||
Volatility rate | 119.00% | 121.00% | ||||||
Director Services [Member] | ||||||||
Value | $ 263,000 | |||||||
Shares | 199,373 | |||||||
Institutional Investors [Member] | ||||||||
Risk free rate | 2.49% | |||||||
Volatility rate | 122.00% | |||||||
J. Steven Holmes [Member] | ||||||||
Proceeds from cash against future services | $ 325,000 | |||||||
Price per share | $ 0.582 | |||||||
Returned shares of common stock | 558,132 | |||||||
Warrant [Member] | ||||||||
Shares issued upon exercise of warrants | 267,500 | 37,500 | ||||||
Fair value exercise price per share | $ 2 | |||||||
Dividend yield | 0.00% | 0.00% | ||||||
Expected maturity period | 4 years 2 months 12 days | 5 years | ||||||
Risk free rate | 2.41% | 2.78% | ||||||
Volatility rate | 122.00% | 120.00% | ||||||
Warrant [Member] | Institutional Investors [Member] | ||||||||
Risk free rate | 2.49% | |||||||
Volatility rate | 122.00% | |||||||
Common stock shares issued upon conversion of convertible debt | 6,963,235 | |||||||
Warrant One [Member] | ||||||||
Exercise price | $ 1.75 | |||||||
Weighted average life of outstanding warrants in years | 4 years 7 months 6 days | |||||||
Number of shares outstanding, Beginning balance | 2,975,478 | |||||||
Warrant Three [Member] | ||||||||
Exercise price | $ 1.75 | |||||||
Weighted average life of outstanding warrants in years | 3 years 9 months 18 days | |||||||
Number of shares outstanding, Beginning balance | 1,220,883 |
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- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow associated with the amount received from holders exercising their stock warrants. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The number of shares issued or sold by the subsidiary or equity method investee per stock transaction. No definition available.
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- Definition Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction. No definition available.
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- Definition Agreed-upon price for the exchange of the underlying asset relating to the share-based payment award. No definition available.
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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
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- Definition Period from grant date that an equity-based award expires, 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 Weighted average remaining contractual term for option awards outstanding, 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 Number of allocated shares held by the Employee Stock Option Plan at balance sheet date. Allocated shares are shares that have been assigned to individual participant accounts based on a known formula. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 new stock issued during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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