General Information (Details) - USD ($) |
1 Months Ended | ||||||
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Mar. 14, 2019 |
Jul. 04, 2016 |
Jun. 01, 2016 |
Aug. 22, 2019 |
Jul. 22, 2019 |
Jan. 18, 2019 |
Aug. 31, 2016 |
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General Information (Details) [Line Items] | |||||||
Additional share subscriptions | On July 4, 2016, the Company acquired 57.3% of the issued and outstanding common shares of Accord which, due to additional share subscriptions in Accord by other shareholders since August 31, 2016, was reduced to 44.7% as of August 31, 2017. The investment in Accord has therefore been recorded using the equity method for the years ended August 31, 2018 and 2017. | ||||||
Impaired investment written down carrying value | $ 0 | ||||||
Operating leases | the Company made cash deposits of $1,297,000, included in prepaid expenses and other current assets on the consolidated balance sheets for the acquisition of 100% of the operating rights under U.S. federal oil and gas leases, administered by the U.S. Department of Interior’s Bureau of Land Management (“BLM”) in Garfield and Wayne Counties covering approximately 8,480 gross acres in P.R. Springs and the Tar Sands Triangle within the State of Utah. | 1,312 | the Company made cash deposits of $1,297,000, included in prepaid expenses and other current assets on the consolidated balance sheets for the acquisition of 100% of the operating rights under U.S. federal oil and gas leases, administered by the U.S. Department of Interior’s Bureau of Land Management (“BLM”) in Garfield and Wayne Counties covering approximately 8,480 gross acres in P.R. Springs and the Tar Sands Triangle within the State of Utah. | the Company acquired the remaining 50% of the operating rights under U.S. federal oil and gas leases, administered by the U.S. Department of Interior’s Bureau of Land Management (“BLM”) covering approximately 5,960 gross acres (2,980 net acres) within the State of Utah. | the Company made a cash deposit of $1,800,000 for the acquisition of 50% of the operating rights under U.S. federal oil and gas leases, administered by the U.S. Department of Interior’s Bureau of Land Management (“BLM”) covering approximately 5,960 gross acres (2,980 net acres) within the State of Utah. | ||
Cash deposit | $ 3,000,000 | $ 3,000,000 | $ 13,000,000 | $ 10,800,000 | |||
Issued shares value | $ 1,297,000 | $ 1,297,000 | $ 1,000,000 | 1,800,000 | |||
Issuance of shares | $ 15,000,000 | ||||||
Issue price (in Dollars per share) | $ 0.40 | $ 0.60 | |||||
Issuance of shares (in Shares) | 1,703,000 | 1,703,000 | 30,000,000 | ||||
Business Acquisition [Member] | |||||||
General Information (Details) [Line Items] | |||||||
Interest Acquisition Percentage | 100.00% |
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- Definition Additional share subscriptions. No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Issue price. No definition available.
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- Definition Percentage of equity in the acquiree held by the acquirer immediately before the acquisition date in a business combination. No definition available.
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- Definition Cash deposited in a special reserve account for the exclusive benefit of customers pursuant to SEC Regulations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of investment of impaired financing receivables with related allowance for credit losses and without a related allowance for credit losses. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This element represents the description of a lease related indemnification agreement including the nature of the indemnification, the maximum potential amount of future payments the indemnification agreement could be required to make under the agreement, the current carrying amount of the liability and the nature of any recourse provision that would enable the lessee guarantor) to recover from third parties any of the amounts paid under the agreement and any assets held either as collateral or by third parties that upon occurrence of any triggering event or condition under the indemnification agreement the guarantor can obtain and liquidate to recover all or a portion of the amounts paid under the indemnification agreement. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Amount of cash inflow from issuance of shares under share-based payment arrangement. Excludes option exercised. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The fair value of stock issued in noncash financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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