v3.8.0.1

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Nov. 30, 2017	Nov. 30, 2016
Income Statement [Abstract]
Revenue, net
Operating expenses
General and administrative	117,559	908,148
Stock-based compensation	75,749	18,205,318
Operating loss	(193,308)	(19,113,466)
Other income (expense)
Interest expense	(86,893)	(2,166)
Change in fair value of derivative liabilities	(186,459)
Net loss	$ (466,660)	$ (19,115,632)
Net loss per share - basic and diluted	$ (0.01)	$ (0.88)
Weighted average number of shares outstanding - basic and diluted	73,874,467	21,645,754

Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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Amount of interest expense classified as other.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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The net result for the period of deducting operating expenses from operating revenues.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

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PetLife Pharmaceuticals, Inc. 10-Q