Quarterly report pursuant to Section 13 or 15(d)

Convertible Debentures (Tables)

v3.21.2
Convertible Debentures (Tables)
9 Months Ended
May 31, 2019
Convertible Debentures Disclosure [Abstract]
Schedule of convertible debentures
Principal due Principal due
Lender Maturity Date Interest Rate May 31,
2019
August 31,
2018
Alpha Capital Anstalt October 31, 2018 5.00 % $ - $ 56,500
Private lenders January 1, 2019 0.00 % - 201,904
GS Capital Partners May 1, 2019 12.00 % 143,750 -
Calvary Fund I LP September 4, 2019 10.00 % 250,000 250,000
Calvary Fund I LP September 4, 2019 10.00 % 250,000 -
SBI Investments LLC September 4, 2019 10.00 % 250,000 -
Bay Private Equity, Inc. September 17, 2019 5.00 % 2,900,000 -
Bay Private Equity, Inc October 15, 2019 5.00 % 2,400,000 -
6,193,750 508,404
Unamortized debt discount (936,190 ) -
Total loans $ 5,257,560 $ 508,404
Schedule of classified as repayable convertible debentures
May 31,
2019
August 31,
2018
Principal classified as repayable within one year $ 5,257,560 $ 258,404
Principal classified as repayable later than one year - 250,000
$ 5,257,560 $ 508,404