Annual report pursuant to Section 13 and 15(d)

Diluted Loss Per Share

v3.21.2
Diluted Loss Per Share
12 Months Ended
Aug. 31, 2019
Earnings Per Share [Abstract]  
DILUTED LOSS PER SHARE
18. DILUTED LOSS PER SHARE

The Company’s potentially dilutive instruments are convertible debentures and stock options and share purchase warrants. Conversion of these instruments would have been anti-dilutive for the periods presented and consequently, no adjustment was made to basic loss per share to determine diluted loss per share. These instruments could potentially dilute earnings per share in future periods.


For the years ended August 31, 2019 and 2018, the following stock options, share purchase warrants and convertible securities were excluded from the computation of diluted loss per share as the results of the computation was anti-dilutive:


    Year ended
August 31,
2019
    Year ended
August 31,
2018
 
             
Share purchase options     9,808,333       9,858,333  
Share purchase warrants     38,734,629       9,841,203  
Convertible securities     12,797,899       3,750,000  
      61,340,861       23,449,536