Other Expense (Income), Net (Details) - Schedule of other expense (income), net - USD ($) |
12 Months Ended | |
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Aug. 31, 2020 |
Aug. 31, 2019 |
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Schedule of other expense (income), net [Abstract] | ||
(Gain) loss on settlement of liabilities | $ (524,971) | $ 534,480 |
Loss on conversion of convertible debt | 744,918 | |
Gain on debt extinguishment | (54,378) | |
Penalty on convertible notes | 610,312 | |
Interest income | (29,317) | (83,067) |
Total | $ 746,564 | $ 451,413 |
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- Definition The carrying amount Loss on settlement of liabilities.	. No definition available.
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- References No definition available.
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- Definition Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Consideration given by issuer of convertible debt to provide an incentive for debt holders to convert the debt to equity securities. The expense is equal to the fair value of all securities and other consideration transferred in the transaction in excess of the fair value of securities issuable pursuant to the original conversion terms. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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