Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity Deficit

v3.20.2
Consolidated Statements of Stockholders' Equity Deficit - USD ($)
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Treasury Stock
Total
Balance, shares at Aug. 31, 2018   723,470        
Balance, amount at Aug. 31, 2018     $ 18,468,000 $ (26,033,000)   $ (7,565,000)
Warrants exercised for cash, amount     660,000     660,000
Warrants exercised for cash, shares   6,688        
Common stock issued for services rendered, amount     263,000     263,000
Common stock issued for services rendered, shares   4,984        
Stock-based compensation expense     369,000     369,000
Reclassification of derivative liability upon conversion of related convertible notes     12,000     12,000
Common shares issued upon conversion of convertible notes and interest, amount     8,904,000     8,904,000
Common stock issued upon conversion of convertible notes and interest, shares   105,776        
Shares issued to induce debt conversion, amount     3,829,000     3,829,000
Shares issued to induce debt conversion, shares   68,304        
Treasury stock received for settlement of note receivable, amount         $ (325,000) (325,000)
Net Loss       (18,082,000)   (18,082,000)
Balance, shares at Aug. 31, 2019   909,222        
Balance, amount at Aug. 31, 2019     32,505,000 (44,115,000) (325,000) (11,935,000)
Common stock issued for services rendered, amount     75,000     75,000
Common stock issued for services rendered, shares   856        
Stock-based compensation expense     1,300,000     1,300,000
Common shares issued upon conversion of convertible notes and interest, amount     6,238,000     6,238,000
Common stock issued upon conversion of convertible notes and interest, shares   589,695        
Treasury Stock retired, amount     (325,000)   $ 325,000  
Treasury Stock retired, shares   (13,953)        
Common stock issued for note exchange     200,000     200,000
Common stock issued for note exchange, shares   21,750        
Common stock issued for warrant exercise     33,000     33,000
Common stock issued for warrant exercise, shares   6,275        
Common stock issued for underwritten offering, net of offering costs     11,478,000     11,478,000
Common stock issued for underwritten offering, net of offering costs, shares   2,472,500        
Reclassification of derivative liabilities to paid in capital     1,979,000     1,979,000
Inducement loss on note conversions, amount     624,000     624,000
Inducement loss on note conversions, shares   38,658        
Common stock issued for warrant exchange     552,000     552,000
Common stock issued for warrant exchange, shares   82,653        
Allocated fair value of beneficial conversion feature - exchanged notes payable     653,000     653,000
Allocated fair value of warrants issued - exchanged notes payable     2,006,000     2,006,000
Modification of warrants     22,000     22,000
Expense related to Preferred Options     62,091,000     62,091,000
Preferred stock issued for Preferred Option exercise $ 1,000         1,000
Preferred stock issued for Preferred Option exercise (in shares) 12,794,490          
Common stock issued for preferred stock exchange $ (1,000) $ 1,000        
Common stock issued for preferred stock exchange (in shares) (12,794,490) 12,794,490        
Net Loss       (75,347,000)   (75,347,000)
Balance, shares at Aug. 31, 2020   16,902,146        
Balance, amount at Aug. 31, 2020   $ 1,000 $ 119,431,000 $ (119,462,000)   $ (30,000)