Quarterly report pursuant to Section 13 or 15(d)

Financing Costs, Net

v3.21.2
Financing Costs, Net
9 Months Ended
May 31, 2020
Financing Costs Net [Abstract]  
FINANCING COSTS, NET
22. FINANCING COSTS, NET

Financing costs, net, consists of the following:


    Three months
ended
May 31,
2020
    Three months
ended
May 31,
2019
    Nine months
ended
May 31,
2020
    Nine months
ended
May 31,
2019
 
                         
Interest expense on borrowings   $ 200,028     $ 84,490     $ 491,968     $ 241,501  
Amortization of debt discount     368,417       773,956       1,040,789       2,244,362  
 Other     2,183       35,191       26,713       48,116  
    $ 570,628     $ 893,637     $ 1,559,470     $ 2,533,979