| Schedule of fair value of the Company's derivative liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 2019
|
|
March 2019
|
|
|
|
|
|
|
Conversion
|
|
Warrant
|
|
|
|
|
|
|
Feature
|
|
Liability
|
|
Total
|
|
Balance at August 31, 2019
|
|
$
|
2,852,000
|
|
$
|
904,000
|
|
$
|
3,756,000
|
|
Reclassification to APIC due to note settlements, exchanges or conversions
|
|
|
(1,784,000)
|
|
|
(195,000)
|
|
|
(1,979,000)
|
|
Change in fair value
|
|
|
(1,068,000)
|
|
|
(709,000)
|
|
|
(1,777,000)
|
|
Balance at August 31, 2020
|
|
$
|
—
|
|
$
|
—
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
March 2019
|
|
March 2019
|
|
|
|
|
Conversion
|
|
Warrant
|
|
|
|
|
Feature
|
|
|
Liability
|
|
|
|
|
(unaudited)
|
|
(unaudited)
|
|
|
Risk free rate
|
|
|
0.08-0.17
|
%
|
|
1.6
|
%
|
|
Market price per share
|
|
$
|
6.68
|
|
$
|
6.68
|
|
|
Life of instrument in years
|
|
|
0.47-1.15
|
|
|
4.0
|
|
|
Volatility
|
|
|
117-139
|
%
|
|
102
|
%
|
|
Dividend yield
|
|
|
0
|
%
|
|
0
|
%
|
|
| Schedule of weighted average dilutive common shares |
|
|
|
|
|
|
|
|
|
For the Year
|
|
For the Year
|
|
|
|
Ended
|
|
Ended
|
|
|
|
August 31,
|
|
August 31,
|
|
|
|
2020
|
|
2019
|
|
Options
|
|
1,398,740
|
|
50,749
|
|
Senior Convertible Notes (Note 9)
|
|
—
|
|
308,312
|
|
Warrants
|
|
1,896,209
|
|
107,410
|
|
Total potentially dilutive shares
|
|
3,294,949
|
|
466,471
|
|
| Schedule of revision on line items in financial statements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of August 31, 2019
|
|
|
|
As Previously
|
|
|
|
|
|
|
|
|
|
Reported
|
|
Adjustments
|
|
As Restated
|
|
Fixed Assets, net
|
|
$
|
3,320,000
|
|
$
|
835,000
|
|
$
|
4,155,000
|
|
Total Assets
|
|
$
|
23,796,000
|
|
$
|
835,000
|
|
$
|
24,631,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated Deficit
|
|
|
44,950,000
|
|
|
(835,000)
|
|
|
44,115,000
|
|
Total Liabilities and Stockholders' Equity
|
|
$
|
23,796,000
|
|
$
|
835,000
|
|
$
|
24,631,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended August 31, 2019
|
|
|
|
As Previously
|
|
|
|
|
|
|
|
|
|
Reported
|
|
Adjustments
|
|
As Restated
|
|
Depreciation and Amortization
|
|
$
|
839,000
|
|
$
|
(645,000)
|
|
$
|
194,000
|
|
Operating Loss
|
|
$
|
(16,201,000)
|
|
$
|
645,000
|
|
$
|
(15,556,000)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss
|
|
$
|
(18,727,000)
|
|
$
|
645,000
|
|
$
|
(18,082,000)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per common share – continuing operations, Basic and diluted
|
|
$
|
(30.09)
|
|
$
|
(0.79)
|
|
$
|
(29.30)
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares Basic and diluted
|
|
|
817,720
|
|
|
—
|
|
|
817,720
|
|