SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Income Taxes (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Aug. 31, 2019 |
Aug. 31, 2018 |
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| Income Taxes [Abstract] | ||
| (Decrease) in deferred tax assets | $ (1,200,000) | |
| (Decrease) in valuation allowance | (1,200,000) | |
| Deferred tax assets (AMT) | $ 0 | 282,000 |
| Deferred tax benefit | 1,284,066 | 0 |
| Accrued interest of unrecognized tax benefits | 0 | |
| Accrued penalties of unrecognized tax benefits | 0 | |
| Interest expense on unrecognized tax benefits | $ 0 | $ 0 |
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- Definition Amount of increase (decrease) for a specified deferred tax asset as a result of a decrease corporate tax rate. No definition available.
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible alternative minimum tax credit carryforwards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of statutory penalties accrued for a tax position claimed or expected to be claimed by the entity, in its tax return. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense accrued for an underpayment of income taxes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense for an underpayment of income taxes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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