RELATED PARTY TRANSACTIONS (Details)
|
|
|
1 Months Ended |
3 Months Ended |
12 Months Ended |
|
|
Jul. 20, 2016
USD ($)
|
Apr. 17, 2015
USD ($)
|
Jul. 31, 2016
USD ($)
|
Aug. 31, 2016
USD ($)
|
Aug. 31, 2015
USD ($)
|
May 31, 2016
USD ($)
shares
|
May 31, 2015
USD ($)
shares
|
Aug. 03, 2016
USD ($)
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Employee-related Liabilities, Current |
|
|
|
$ 53,750
|
|
$ 267,493
|
$ 106,250
|
|
| Debt Conversion, Original Debt, Amount |
|
|
|
250,000
|
$ 0
|
0
|
0
|
|
| Imputed Interest, Debt |
|
|
|
271
|
271
|
1,078
|
716
|
|
| Due to Related Parties, Current |
|
|
|
22,627
|
|
17,930
|
$ 18,455
|
|
| Number of Founders |
|
|
|
|
|
|
3
|
|
| Stock Issued During Period, Shares, New Issues (in Shares) | shares |
|
|
|
|
|
|
15,000,000
|
|
| Stock Issued During Period, Value, New Issues |
|
|
|
|
|
|
$ 1,000,000
|
|
| Proceeds from Issuance of Common Stock |
|
|
|
0
|
0
|
0
|
1,000,000
|
|
| Asset Impairment Charges |
|
|
|
0
|
0
|
0
|
500,000
|
|
| Notes, Loans and Financing Receivable, Net, Noncurrent |
|
|
|
0
|
|
0
|
0
|
|
| Allocated Share-based Compensation Expense |
|
|
|
0
|
27,292
|
327,500
|
37,500
|
|
| Chief Executive Officer [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Employee-related Liabilities, Current |
|
|
|
37,500
|
|
250,000
|
106,250
|
|
| Chief Executive Officer and Director [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Employee-related Liabilities, Current |
|
|
|
16,250
|
|
17,930
|
|
|
| Imputed Interest, Debt |
|
|
|
271
|
$ 271
|
$ 1,078
|
$ 716
|
|
| Chief Operating Officer [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Due to Related Parties, Current |
|
|
|
4,697
|
|
|
|
|
| Chief Operating Officer [Member] | One Time Signing Bonus [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in Shares) | shares |
|
|
|
|
|
250,000
|
|
|
| Allocated Share-based Compensation Expense |
|
|
|
|
|
$ 327,500
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period |
|
|
|
|
|
1 year
|
|
|
| Affiliated Entity [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Financing Receivable, Net |
|
|
|
0
|
|
$ 0
|
|
|
| Allowance for Doubtful Accounts Receivable, Current |
|
|
|
500,000
|
|
500,000
|
|
|
| Former Officer [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Employee-related Liabilities, Current |
|
|
|
16,250
|
|
16,290
|
|
|
| Each Founder [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Number of Founders |
|
|
|
|
|
|
3
|
|
| Stock Issued During Period, Shares, New Issues (in Shares) | shares |
|
|
|
|
|
|
5,000,000
|
|
| Colorado Agreement [Member] | Affiliated Entity [Member] | Building [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Operating Leases, Future Minimum Payments Receivable |
|
$ 1,067,067
|
|
|
|
|
|
|
| Lessee Leasing Arrangements, Operating Leases, Term of Contract |
|
72 months
|
|
|
|
|
|
|
| Notes Receivable [Member] | Affiliated Entity [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Financing Receivable, Net |
|
|
|
0
|
|
0
|
$ 0
|
|
| Allowance for Doubtful Accounts Receivable, Current |
|
|
|
500,000
|
|
500,000
|
500,000
|
|
| Financing Receivable, Gross |
|
$ 500,000
|
|
|
|
|
$ 500,000
|
|
| Loans and Leases Receivable, Description |
|
Pursuant to the Note, as amended by the parties effective June 30, 2015, October 31, 2015, April 11, 2016, and May 31, 2016, PRH will repay the principal due under the Note in twenty (20) equal quarterly installments of Twenty Five Thousand Dollars ($25,000) commencing in the month following the month in which PRH commences generating revenue at the grow facility, which commencement is anticipated to occur in the first quarter of 2017 (the “Payment Date”) and continuing until paid in full. Interest will accrue on the unpaid principal balance of the Note at the rate of twelve percent (12%) per annum and will be paid quarterly in arrears commencing on the Payment Date and continuing until paid in full. All remaining outstanding principal and any accumulated unpaid interest due under the Note will be due and payable on the fifth anniversary of the Payment Date.
|
|
|
|
|
Pursuant to the Note, as amended by the parties effective June 30, 2015, October 31, 2015, April 11, 2016, and May 31, 2016, PRH will repay the principal due under the Note in twenty (20) equal quarterly installments of Twenty Five Thousand Dollars ($25,000) commencing three in the month following the month in which PRH commences generating revenue at the grow facility, which commencement is anticipated to occur in the first quarter of 2017, and continuing until paid in full. Interest will accrue on the unpaid principal balance of the Note at the rate of twelve percent (12%) per annum and will be paid quarterly in arrears commencing after such initial payment and continuing until paid in full. All outstanding principal and any accumulated unpaid interest due under the Note is due and payable on the five-year anniversary of the initial payment thereunder.
|
|
| Note Receivable, Interest Rate, Stated Percentage |
|
12.00%
|
|
|
|
|
12.00%
|
|
| Asset Impairment Charges |
|
$ 500,000
|
|
|
|
|
$ 500,000
|
|
| Notes, Loans and Financing Receivable, Net, Noncurrent |
|
|
|
|
|
0
|
0
|
|
| Allowance for Doubtful Accounts Receivable |
|
|
|
|
|
500,000
|
$ 500,000
|
|
| Accrued Salary Converted to Convertible Note [Member] | Chief Executive Officer and Director [Member] | Subsequent Event [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Debt Conversion, Original Debt, Amount |
|
|
$ 250,000
|
|
|
|
|
|
| Binder Convertible Notes 3 [Member] | Accrued Salary Converted to Convertible Note [Member] | Convertible Debt [Member] | Chief Executive Officer [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Debt Conversion, Original Debt, Amount |
$ 250,000
|
|
|
|
|
|
|
|
| CLS Co 2016 Note [Member] | Convertible Debt [Member] | Subsequent Event [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
$ 150,000
|
| CLS Co 2016 Note [Member] | Convertible Debt [Member] | Entity Affiliated with Director [Member] |
|
|
|
|
|
|
|
|
| RELATED PARTY TRANSACTIONS (Details) [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
$ 150,000
|
|
$ 150,000
|
|
|