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, 2020
Earnings Per Share [Abstract]  
DILUTED LOSS PER SHARE
21. 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, 2020 and 2019, the following stock options, share purchase warrants and convertible securities were excluded from the computation of diluted loss per share as the result of the computation was anti-dilutive:


    Year ended
August 31,
2020
    Year ended
August 31,
2019
 
             
Share purchase options     9,470,000       9,808,333  
Share purchase warrants     48,342,714       50,660,474  
Convertible securities     93,941,474       39,593,517  
      151,754,188       100,062,324