Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

v3.19.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
May 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial instruments
    Fair Value at May 31, 2019  
    Total     Level 1     Level 2     Level 3  
Assets:                                
Equity investment   $ 1,728     $ -     $ 1,728     $ -  
Liabilities:                                
Participation rights derivative liability     811       -       -       811  
Contingent consideration payable     2,961                       2,961  
Warrant liability     7,410       -       -       7,410  
  Total liabilities   $ 11,182     $ -     $ -     $ 11,182  

 

    Fair Value at August 31, 2018  
    Total     Level 1     Level 2     Level 3  
Liabilities:                                
Contingent consideration payable   $ 5,488     $ -     $ -     $ 5,488  
Warrant liability     14,430       -       -       14,430  
Total liabilities   $ 19,918     $ -     $ -     $ 19,918  
Schedule of fair value investment in smoke cartel
    Investment in Smoke Cartel  
Balance at August 31, 2018   $ -  
Acquisition of equity investment     1,791  
Adjustments to estimated fair value     (663 )
Balance at May 31, 2019   $ 1,128  
Schedule of warrant derivative liability
    Warrant Liability  
Balance at August 31, 2018   $ 14,430  
Adjustments to estimated fair value     (7,020 )
Balance at May 31, 2019   $ 7,410  

 

    Warrant Liability  
Balance at April 30, 2019   $ 1,100  
Adjustments to estimated fair value     (289 )
Balance at May 31, 2019   $ 811  
Schedule of contingent consideration measured at fair value
    Total  
As of August 31, 2018   $ 5,488  
 Change in Fair Value     394  
As of November 30, 2018     5,882  
 Change in Fair Value     (5,602 )
 Cash Payment     (140 )
Settled in shares- Hybrid     (140 )
As of February 28, 2019     -  
  Change in Fair Value     2,961  
As of May 31, 2019   $ 2,961