Quarterly report pursuant to Section 13 or 15(d)

Diluted Loss Per Share

v3.21.1
Diluted Loss Per Share
6 Months Ended
Feb. 28, 2021
Earnings Per Share [Abstract]  
DILUTED LOSS PER SHARE
17. 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 six months ended February 28, 2021 and 2020, 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:


    Six months
ended
February 28,
2021
    Six months
ended
February 29,
2020
 
             
Share purchase options     7,250,000       9,808,333  
Share purchase warrants     40,726,567       47,709,138  
Convertible securities     116,995,941       36,590,875  
      164,972,508       94,108,346