Common Shares and Warrants (Tables)
|
12 Months Ended |
Aug. 31, 2018 |
Equity [Abstract] |
|
Schedule of option and warrant exercises |
Type of Issuance
|
|
Number of
Shares
|
|
|
Total
Value
|
|
Warrant Exercise(1)
|
|
|
6,364,145 |
|
|
$ |
1,773,522 |
|
Option Exercise
|
|
|
545,875 |
|
|
$ |
93,703 |
|
Per Agreements(2)
|
|
|
633,056 |
|
|
$ |
769,056 |
|
Debt Settlement(3)
|
|
|
14,634 |
|
|
$ |
12,000 |
|
|
|
|
7,557,710 |
|
|
$ |
2,648,281 |
|
___________
|
(1) Includes 111,291 broker warrants exercised for gross proceeds of $39,522 |
|
(2) The Company awarded the restricted common shares as required by intellectual property performance thresholds within an existing management consulting contracts for patent application filings (Note 9, 15) |
|
(3) Issued to settle outstanding debts (Note 15) |
|
Schedule of settlement of outstanding amount pursuant to agreement through issuance of common shares |
Date
|
|
Amount(2)
|
|
|
Shares
|
|
|
Price
|
|
October 31, 2016(1)
|
|
$ |
16,000 |
|
|
|
114,286 |
|
|
$ |
0.14 |
|
February 27, 2017
|
|
$ |
16,000 |
|
|
|
29,091 |
|
|
$ |
0.55 |
|
May 31, 2017
|
|
$ |
12,000 |
|
|
|
35,294 |
|
|
$ |
0.34 |
|
August 25, 2017
|
|
$ |
12,000 |
|
|
|
32,433 |
|
|
$ |
0.37 |
|
____________
|
(1) |
A Total of $8,000 of the $16,000 was recognized as consulting fees during the year ended August 31, 2016. |
|
|
|
|
(2) |
There was a $NIL difference between the fair value of the shares issued and the carrying value of the debt. |
|
Schedule for warrant |
|
|
Number of
Warrants
|
|
|
Weighted Average Exercise Price
$
|
|
Balance, August 31, 2016
|
|
|
12,136,241 |
|
|
|
0.18 |
|
Cancelled/Expired
|
|
|
(1,004,150 |
) |
|
|
0.22 |
|
Exercised
|
|
|
(10,322,025 |
) |
|
|
0.23 |
|
Issued
|
|
|
8,034,440 |
|
|
|
0.36 |
|
Balance, August 31, 2017
|
|
|
8,844,506 |
|
|
|
0.29 |
|
Cancelled/Expired
|
|
|
(230,000 |
) |
|
|
0.17 |
|
Exercised
|
|
|
(6,364,145 |
) |
|
|
0.28 |
|
Issued
|
|
|
1,035,913 |
|
|
|
1.48 |
|
Balance, August 31, 2018
|
|
|
3,286,274 |
|
|
|
0.72 |
|
|
Schedule of warrants granted as broker warrants, compensation units, and compensatory warrants using the Black-Scholes option pricing model |
|
|
August 31
2018
|
|
|
August 31
2017
|
|
Expected volatility
|
|
100% - 154%
|
|
|
102% - 138%
|
|
Risk-free interest rate
|
|
1.21% - 2.60%
|
|
|
0.65% - 1.27%
|
|
Expected life
|
|
1.21 - 3 years
|
|
|
0.46 - 2 years
|
|
Dividend yield
|
|
|
0.00%
|
|
|
|
0.00%
|
|
Estimated fair value per option
|
|
$0.40 - $1.48
|
|
|
$0.09 - $0.20
|
|
|
Schedule of warrants outstanding |
# of Warrants
|
|
|
Weighted Average Remaining Contractual Life
|
|
Weighted Average Exercise Price
$
|
|
|
500,000
|
|
|
0.36 years
|
|
|
0.44 |
|
|
624,065
|
|
|
0.59 years
|
|
|
0.60 |
|
|
212,209
|
|
|
0.59 years
|
|
|
0.42 |
|
|
200,000
|
|
|
0.80 years
|
|
|
0.29 |
|
|
750,000
|
|
|
3.11 years
|
|
|
0.14 |
|
|
250,000
|
|
|
1.25 years
|
|
|
0.83 |
|
|
500,000
|
|
|
1.38 years
|
|
|
1.83 |
|
|
250,000
|
|
|
2.73 years
|
|
|
2.73 |
|
|
3,286,274
|
|
|
1.48 years
|
|
|
0.72 |
|
|