STOCK BASED COMPENSATION (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|---|
Aug. 31, 2020 |
Feb. 28, 2021 |
Feb. 29, 2020 |
Nov. 30, 2020 |
Oct. 23, 2020 |
|
Number of options granted | 120,000 | ||||
Stock-based compensation expense | $ 693,000 | $ 637,000 | |||
RSUs [Member] | |||||
Number of units outstanding | 15,735,000 | 15,735,000 | |||
Number of units granted | |||||
Marketing Consultant [Member] | Incentive Warrants [Member] | |||||
Stock-based compensation expense | $ 0 | $ 15,000 | |||
Number of warrants issued | 0 | 150,000 | |||
2017 Stock Option Plan (2017 Plan) [Member] | |||||
Number of shares reserved for issuance | 18,993,274 | ||||
2017 Stock Option Plan (2017 Plan) [Member] | Employees and Directors [Member] | |||||
Number of options granted | 120,000 | 3,917,500 | |||
Options vest over period terms | 3 years | ||||
Stock-based compensation expense | $ 100,000 | $ 600,000 | |||
Number of options forfeited | 162,500 | ||||
Number of options forfeited, value | $ 28,000 | ||||
2017 Stock Option Plan (2017 Plan) [Member] | Non Employees [Member] | |||||
Number of options granted | 0 | 110,000 | |||
Stock-based compensation expense | $ 18,000 | $ 19,000 | |||
2020 Equity Incentive Plan (2020 Plan) [Member] | |||||
Number of shares reserved for issuance | 25,000,000 | ||||
2020 Equity Incentive Plan (2020 Plan) [Member] | RSUs [Member] | |||||
Stock-based compensation expense | $ 600,000 | $ 0 | |||
Number of units outstanding | 15,735,000 | ||||
2020 Equity Incentive Plan (2020 Plan) [Member] | Chief Executive Officer [Member] | RSUs [Member] | |||||
Description of vesting | (1) one-third of the RSUs will be triggered when the Company’s stock trades above $2.00 on a 20-day volume weighted average closing price (“VWAP”), the second one-third of the RSUs will be triggered when the Company’s stock trades above $3.00 on a 20-day VWAP, and the final one-third of the RSUs will be triggered when the stock trades above $4.00 on a 20-day VWAP and (2) the employee must remain employed by the Company for three years from the effective date for the RSUs to vest. | ||||
Required service period | 3 years | ||||
Number of units granted | 9,000,000 | ||||
2020 Equity Incentive Plan (2020 Plan) [Member] | Employees [Member] | RSUs [Member] | |||||
Description of vesting | (1) one-third of the RSUs are not subject to any performance trigger, the second one-third of the RSUs will be triggered when the Company’s stock trades above $3.00 on a 20-day VWAP, and the final one-third of the RSUs will be triggered when the stock trades above $4.00 on a 20-day VWAP and (2) the employee must remain employed by the Company for three years from the effective date for the RSUs to vest. | ||||
Required service period | 3 years | ||||
Number of units granted | 6,735,000 |