v3.26.1
Common Stock and Warrants
9 Months Ended
May 31, 2026
Equity [Abstract]  
Common Stock and Warrants

NOTE 4 – Common Stock and Warrants

 

Common Stock

 

At May 31, 2026, the Company had 300,000,000 authorized shares of common stock with a par value of $0.001 per share, and 65,779,045 shares of common stock outstanding.

 

Warrants

 

Each of the Company’s warrants outstanding entitles the holder to purchase one share of the Company’s common stock for each warrant share held. The Series T Warrants may be exercised on a cashless basis. A summary of the Company’s warrants outstanding and exercisable as of May 31, 2026 and August 31, 2025:

 

                     
   Shares of Common Stock
Issuable from Warrants
Outstanding as of
   Weighted
Average
       
Description  May 31,
2026
   August 31,
2025
   Exercise
Price
   Date of Issuance  Expiration
                   
Series T Warrants   16,666,667    16,666,667   $1.70   November 26, 2018  November 26, 2030
Series U Warrants   4,516,130    4,516,130   $0.47   June 16, 2025  June 16, 2028
Series U-OS Warrants   8,064,516    8,064,516   $0.47   June 16, 2025  June 16, 2028
Total   29,247,313    29,247,313