General form of registration statement for all companies including face-amount certificate companies

Commitments, Significant Contracts and Contingencies (Details)

v3.20.1
Commitments, Significant Contracts and Contingencies (Details) - CAD ($)
6 Months Ended 12 Months Ended
Feb. 29, 2020
Aug. 31, 2019
C.A.B Financial Services    
Commitments Significant Contracts And Contingencies [Line Items]    
Monthly Commitment $ 29,167 $ 29,167 [1]
Expiry Date January 1, 2022 January 1, 2022
Docherty Management Ltd.    
Commitments Significant Contracts And Contingencies [Line Items]    
Monthly Commitment $ 25,000 $ 25,000 [1]
Expiry Date January 1, 2022 January 1, 2022
M&E Services Ltd.    
Commitments Significant Contracts And Contingencies [Line Items]    
Monthly Commitment $ 12,960 $ 12,960 [1]
Expiry Date June 1, 2021 June 1, 2021
Corporate development    
Commitments Significant Contracts And Contingencies [Line Items]    
Monthly Commitment $ 1,000 $ 1,000 [2],[3]
Expiry Date Month to Month Month to Month
Corporate development    
Commitments Significant Contracts And Contingencies [Line Items]    
Monthly Commitment [2],[3]   $ 8,000
Expiry Date   Month to Month
Investor relations and communications - Alex Blanchard Capital    
Commitments Significant Contracts And Contingencies [Line Items]    
Monthly Commitment [4]   $ 7,500
Expiry Date   Month to Month
Office management    
Commitments Significant Contracts And Contingencies [Line Items]    
Monthly Commitment $ 10,000 $ 10,000 [5]
Expiry Date August 15, 2022 August 15, 2022
Research & development    
Commitments Significant Contracts And Contingencies [Line Items]    
Monthly Commitment $ 3,854 $ 3,854
Expiry Date Month to Month Month to Month
Office rent    
Commitments Significant Contracts And Contingencies [Line Items]    
Monthly Commitment $ 4,823 [6] $ 4,823 [7]
Expiry Date November 15, 2023 [6] November 15, 2023
[1] A performance bonus equal to 50% of the annual compensation may be payable upon the completion of certain performance criteria as determined by the board of directors of Lexaria. Compensation equal to 2% of the consideration received by the Company from the sale of a subsidiary, excluding certain circumstances. Certain compensation to be paid upon a change of control excluding certain circumstances and participation in the Company’s approved stock option plans.
[2] For new customers sourced by a Consultant for the first 12 months of the contract; for combined Lexaria Energy and ViPova products and including all combined sales efforts and/or technology licensing revenues, achieving non-refundable revenues of $200,000 to any single customer in any consecutive 60-day period would result in a restricted common share award of 100,000 Company shares (not achieved); and, during the 13th - 24th months of the contract; a restricted common share award of 50,000 Company shares may be achieved; this clause is limited to one payment per customer during the 12-month period, but payable on each customer that meets these sales/licensing thresholds.
[3] For new customers sourced by a Consultant for the first 12 months of the contract; for combined Lexaria Energy and ViPova products and including all combined sales efforts and/or technology licensing revenues, achieving non-refundable revenues of $500,000 in any fiscal quarter would result in a restricted common share award of 200,000 Company shares (not achieved); and, during the 13th - 24th months of the contract; for combined Lexaria Energy and ViPova products and including all sales efforts, achieving non-refundable revenues of $500,000 in any fiscal quarter would result in a restricted common share award of 100,000 Company shares; this clause is limited to one payment per fiscal quarter.
[4] 100,000 common shares issuable upon the Company achieving non-refundable revenues of $200,000 to any single customer in any consecutive 60-day period for the first 12 months of the contract, plus a further 50,000 common shares issuable upon achieving non-refundable revenues of $200,000 to any single customer in any consecutive 60-day period, during the 13th - 24th months of the contract. If the Company achieves non-refundable revenues of $500,000 in any fiscal quarter, a further 200,000 common shares may be issuable during the first 12 months of the contract and 100,000 common shares during the 13th - 24th months of the contract.
[5] For new customers sourced by a Consultant for the first 12 months of the contract; for combined Lexaria Energy and ViPova products and including all combined sales efforts and/or technology licensing revenues, achieving non-refundable revenues of $500,000 in any fiscal quarter would result in a restricted common share award of 200,000 Company shares (not achieved); and, during the 13th - 24th months of the contract; for combined Lexaria Energy and ViPova products and including all sales efforts, achieving non-refundable revenues of $500,000 in any fiscal quarter would result in a restricted common share award of 100,000 Company shares; this clause is limited to one payment per fiscal quarter.
[6] Corporate office and RD lab space leased in Kelowna, British Columbia, Canada until November 15, 2023 with an option to extend an additional five years.
[7] Corporate office and R lab space leased in Kelowna, British Columbia, Canada until November 15, 2023 with an option to extend an additional five years. Base rent is CDN$12.56 per square foot until November 14, 2019, CDN$12.86 per square foot until November 14, 2021 and CDN$13.21 per square foot until November 14, 2023 plus common area maintenance and taxes.