Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) - USD ($) |
3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Jul. 13, 2017 |
Aug. 31, 2017 |
Aug. 31, 2016 |
May 31, 2017 |
|
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Converted | $ 62,500 | $ 250,000 | ||
Converted, shares (in Shares) | 10,816,960 | |||
Conversion rate (in Dollars per share) | $ 0.25 | |||
Discount recognized | 351,790 | 0 | ||
Gain on extinguishment of debt | $ 3,480 | 3,480 | $ 0 | |
Convertible Debt [Member] | April 2015 Note [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Accrued interest | $ 3,781 | $ 22,440 | ||
Payments | On the first anniversary of this note, the all then accrued interest became due. Thereafter, the Company is required to make eight equal payments of principal together with accrued interest, quarterly in arrears, commencing on July 1, 2016 until paid in full. | On the first anniversary of this note, the all then accrued interest became due. Thereafter, the Company is required to make eight equal payments of principal together with accrued interest, quarterly in arrears, commencing on July 1, 2016 until paid in full. | ||
Conversion | The note and any accrued unpaid interest is convertible into common stock of the Company. For each dollar converted, the note holder shall receive two shares of common stock and one three-year warrant to purchase 1.33 shares of common stock at $0.75 per share. | The note and any accrued unpaid interest is convertible into common stock of the Company. For each dollar converted, the note holder shall receive two shares of common stock and one three-year warrant to purchase 1.33 shares of common stock at $0.75 per share. | ||
Interest rate | 15.00% | 15.00% | ||
Amount | $ 200,000 | $ 200,000 | ||
Discount | $ 100,545 | |||
Note due | Apr. 29, 2018 | Apr. 29, 2018 | ||
Convertible Debt [Member] | Old Main 8% Note [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Accrued interest | $ 4,449 | $ 17,207 | ||
Payments | At the earlier of September 18, 2016 or two trading days after this registration statement becomes effective, the Company must begin to redeem 1/6th of the face amount of the note and any accrued but unpaid interest on a monthly basis. Such amortization payment may be made, at its option, in cash or, subject to certain conditions, in common stock pursuant to a conversion rate equal to the lower of (a) $1.07 (post Reverse-Split) or (b) 75% of the lowest daily volume weighted average price of the common stock in the twenty consecutive trading days ending on the trading day that is immediately prior to the applicable conversion date. | |||
Conversion | the Fixed Conversion Price was changed to a variable conversion price equal to the lesser of the prior Fixed Conversion Price or 75% of the lowest VWAP in the fifteen trading days ending on the trading day immediately prior to the conversion date. | |||
Interest rate | 8.00% | 8.00% | ||
Discount recognized | $ 169,476 | |||
Discount | $ 30,411 | |||
Note due | Jul. 15, 2017 | Jul. 01, 2017 | ||
Balance increase | $ 15,750 | $ 10,000 | ||
Gain on extinguishment of debt | 81,496 | |||
Discount | 118,998 | |||
Convertible Debt [Member] | May 31, 2016 [Member] | April 2015 Note [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Accrued interest | 30,082 | |||
Discount | 66,667 | |||
Convertible Debt [Member] | May 31, 2016 [Member] | Old Main 8% Note [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Discount recognized | 172,108 | |||
Discount | 163,586 | |||
Convertible Debt [Member] | Principal [Member] | April 2015 Note [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Convertible Note payments | 100,000 | |||
Convertible Debt [Member] | Accrued Interest [Member] | April 2015 Note [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Convertible Note payments | 53,837 | |||
Convertible Debt [Member] | Chief Executive Officer [Member] | Binder Convertible Notes #4 [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Accrued interest | $ 1,815 | $ 2,666 | ||
Payments | The remaining principal balance of $72,000 will be due in eight quarterly payments in the amount of $9,000 commencing July 1, 2018; subsequent principal payments will become due on the first day of each October, January, April, and July until paid in full. | The remaining principal balance of $72,000 will be due in eight quarterly payments in the amount of $9,000 commencing July 1, 2018; subsequent principal payments will become due on the first day of each October, January, April, and July until paid in full. | ||
Converted | $ 87,500 | |||
Converted, shares (in Shares) | 350,000 | |||
Conversion | This note and accrued interest under the note may be converted, in whole or in part, into one "Unit" for each $0.25 converted, with each Unit consisting of one (1) share of common stock and a five-year warrant to purchase (1) share of common stock at a price of $0.25 per share. | This note and accrued interest under the note may be converted, in whole or in part, into one "Unit" for each $0.25 converted, with each Unit consisting of one (1) share of common stock and a five-year warrant to purchase (1) share of common stock at a price of $0.25 per share. | ||
Dated | Mar. 31, 2017 | Mar. 31, 2017 | ||
Interest rate | 10.00% | 10.00% | ||
Convertible Debt [Member] | Chief Executive Officer [Member] | Binder Convertible Note 5 [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Accrued interest | $ 252 | |||
Payments | No interest payments are required until October 1, 2018, at which time all accrued interest becomes due and payable. Commencing on January 2, 2019, the first of eight principal payments in the amount of $14,381 will become due; subsequent principal payments will become due on the first day of each April, July, October, and January until paid in full. | |||
Dated | Aug. 23, 2017 | |||
Interest rate | 10.00% | |||
Amount | $ 115,050 | |||
Conversion rate (in Dollars per share) | $ 0.25 | |||
Discount recognized | $ 46,020 | |||
Discount | 336 | |||
Convertible Debt [Member] | Chief Executive Officer [Member] | Binder Convertible Note 6 [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Accrued interest | $ 159 | |||
Payments | No interest payments are required until October 1, 2018, at which time all accrued interest becomes due and payable. Commencing on January 2, 2019, the first of eight principal payments in the amount of $9,096 will become due; subsequent principal payments will become due on the first day of each April, July, October, and January until paid in full. | |||
Dated | Aug. 23, 2017 | |||
Interest rate | 10.00% | |||
Amount | $ 72,767 | |||
Conversion rate (in Dollars per share) | $ 0.25 | |||
Discount recognized | $ 29,107 | |||
Discount | 213 | |||
Convertible Debt [Member] | Affiliated Entity [Member] | Newcan Convertible Note 1 [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Accrued interest | $ 3,025 | $ 2,005 | ||
Payments | No interest payments are required until April 1, 2018, at which time all accrued interest becomes due and payable. Commencing on July 1, 2018, the first of eight principal payments in the amount of $15,000 will become due; subsequent principal payments will become due on the first day of each October, January, April, and July until paid in full. | No interest payments are required until April 1, 2018, at which time all accrued interest becomes due and payable. Commencing on July 1, 2018, the first of eight principal payments in the amount of $15,000 will become due; subsequent principal payments will become due on the first day of each October, January, April, and July until paid in full. | ||
Conversion | This note and accrued interest under the note may be converted, in whole or in part, into one "Unit" for each $0.25 converted, with each Unit consisting of one (1) share of common stock and a five-year warrant to purchase (1) share of common stock at a price of $0.25 per share. | This note and accrued interest under the note may be converted, in whole or in part, into one "Unit" for each $0.25 converted, with each Unit consisting of one (1) share of common stock and a five-year warrant to purchase (1) share of common stock at a price of $0.25 per share. | ||
Dated | Mar. 31, 2017 | Mar. 31, 2017 | ||
Interest rate | 10.00% | 10.00% | ||
Convertible Debt [Member] | Affiliated Entity [Member] | Newcan Convertible Notes 4 [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Accrued interest | $ 1,363 | |||
Payments | No interest payments are required until October 1, 2018, at which time all accrued interest becomes due and payable. Commencing on January 2, 2019, the first of eight principal payments in the amount of $69,074 will become due; subsequent principal payments will become due on the first day of each April, July, October, and January until paid in full. | |||
Dated | Aug. 23, 2017 | |||
Interest rate | 10.00% | |||
Amount | $ 621,658 | |||
Conversion rate (in Dollars per share) | $ 0.25 | |||
Discount recognized | $ 248,663 | |||
Discount | 1,817 | |||
Convertible Debt [Member] | Affiliated Entity [Member] | Newcan Convertible Notes 5 [Member] | ||||
Note 9 - Notes Payable (Details) - Convertible Debt (Parentheticals) [Line Items] | ||||
Accrued interest | $ 153 | |||
Payments | No interest payments are required until October 1, 2018, at which time all accrued interest becomes due and payable. Commencing on January 2, 2019, the first of eight principal payments in the amount of $8,750 will become due; subsequent principal payments will become due on the first day of each April, July, October, and January until paid in full. | |||
Dated | Aug. 23, 2017 | |||
Interest rate | 10.00% | |||
Amount | $ 70,000 | |||
Conversion rate (in Dollars per share) | $ 0.25 | |||
Discount recognized | $ 28,000 | |||
Discount | $ 205 |