Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Stockholders' Deficit

v3.21.1
Condensed Consolidated Statements of Stockholders' Deficit - USD ($)
Common Stock
Preferred Stock
Additional Paid-in Capital
Accumulated Deficit
Treasury Stock
Total
Balance, shares at Aug. 31, 2019 909,222          
Balance, amount at Aug. 31, 2019     $ 32,505,000 $ (45,900,000) $ (325,000) $ (13,720,000)
Stock-based compensation expense     670,000     670,000
Reclassification of derivative liabilities to paid in capital     1,691,000     1,691,000
Common shares issued upon conversion of convertible notes and interest, amount     2,215,000     2,215,000
Common stock issued upon conversion of convertible notes and interest, shares 148,122          
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 services rendered, amount     75,000     75,000
Common stock issued for services rendered, shares 856          
Inducement loss on note conversions, amount     567,000     567,000
Inducement loss on note conversions, shares 37,646          
Modification of warrants     22,000     22,000
Net Income (Loss)       7,213,000   7,213,000
Balance, shares at Feb. 29, 2020 1,103,643          
Balance, amount at Feb. 29, 2020     37,620,000 (38,687,000)   (1,067,000)
Balance, shares at Nov. 30, 2019 909,222          
Balance, amount at Nov. 30, 2019     32,619,000 (48,294,000) (325,000) (16,000,000)
Stock-based compensation expense     556,000     556,000
Reclassification of derivative liabilities to paid in capital     1,691,000     1,691,000
Common shares issued upon conversion of convertible notes and interest, amount $ 148,122   2,215,000     2,215,000
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 services rendered, amount     75,000     75,000
Common stock issued for services rendered, shares 856          
Inducement loss on note conversions, amount     567,000     567,000
Inducement loss on note conversions, shares 37,646          
Modification of warrants     22,000     22,000
Net Income (Loss)       9,607,000   9,607,000
Balance, shares at Feb. 29, 2020 1,103,643          
Balance, amount at Feb. 29, 2020     37,620,000 (38,687,000)   (1,067,000)
Balance, shares at Aug. 31, 2020 16,902,146 0        
Balance, amount at Aug. 31, 2020 $ 2,000   119,430,000 (119,462,000)   (30,000)
Stock-based compensation expense     863,000     863,000
Common stock issued for underwritten public offering, net of offering costs     10,701,000     10,701,000
Common stock issued for underwritten public offering, net of offering costs, shares 4,000,000          
Preferred stock issued for Preferred Option exercise (in shares)   12,500        
Common stock issued for preferred stock exchange (in shares) 12,500 (12,500)        
Net Income (Loss)       (13,119,000)   (13,119,000)
Balance, shares at Feb. 28, 2021 20,914,646 0        
Balance, amount at Feb. 28, 2021 $ 2,000   130,994,000 (132,581,000)   (1,585,000)
Balance, shares at Nov. 30, 2020 20,902,146 0        
Balance, amount at Nov. 30, 2020 $ 2,000   130,552,000 (126,398,000)   4,156,000
Stock-based compensation expense     442,000     442,000
Preferred stock issued for Preferred Option exercise (in shares)   12,500        
Common stock issued for preferred stock exchange (in shares) 12,500 (12,500)        
Net Income (Loss)       (6,183,000)   (6,183,000)
Balance, shares at Feb. 28, 2021 20,914,646 0        
Balance, amount at Feb. 28, 2021 $ 2,000   $ 130,994,000 $ (132,581,000)   $ (1,585,000)