XML 129 R36.htm IDEA: XBRL DOCUMENT
v3.20.1

Common Shares and Warrants (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Feb. 29, 2020 | Aug. 31, 2019
Equity [Abstract] |  |
Schedule of option and warrant exercises |
Type of Issuance |  |  | Number of |  |  |  | Total |
|  |  | Shares |  |  |  | Value $ |
Option exercise |  |  | 110,000 |  |  |  | 11,000 |
Private placement(1) |  |  | 1,823,745 |  |  |  | 820,685 |
|  |  | 1,933,745 |  |  | $ | 831,685 |
Type of Issuance |  | Number of Shares |  |  | Total Value |
Warrant exercise(1) |  |  | 1,626,513 |  |  |  | 796,122 |
Option exercise |  |  | 430,000 |  |  |  | 66,250 |
Private placement |  |  | 947,150 |  |  |  | 1,515,440 |
Per agreements(2) |  |  | 250,000 |  |  |  | 234,500 |
|  |  | 3,253,663 |  |  | $ | 2,612,312 |
| (1) Includes 384,212 broker warrants exercised for gross proceeds of $191,742
| (2) The Company awarded the restricted common shares as required by consulting contracts
Schedule of warrant |
|  | Number of Warrants |  |  | Weighted Average Exercise Price $ |
Balance, August 31, 2018 |  |  | 3,286,274 |  |  |  | 0.72 |
Cancelled/Expired |  |  | (17,498 | ) |  |  | 0.59 |
Exercised |  |  | (1,626,513 | ) |  |  | 0.49 |
Issued |  |  | 1,183,062 |  |  |  | 1.99 |
Balance, August 31, 2019 |  |  | 2,825,325 |  |  |  | 1.38 |
Cancelled/expired |  |  | (750,000 | ) |  |  | 1.50 |
Issued |  |  | 2,057,495 |  |  |  | 0.80 |
Balance February 29, 2020 |  |  | 4,132,820 |  |  |  | 1.07 |
|  | Number of Warrants |  |  | Weighted Average Exercise Price $ |
Balance August 31, 2017 |  |  | 8,844,506 |  |  |  | 0.29 |
Cancelled/Expired |  |  | (230,000 | ) |  |  | 0.17 |
Exercised |  |  | (6,364,145 | ) |  |  | 0.28 |
Issued |  |  | 1,035,913 |  |  |  | 1.48 |
Balance August 31, 2018 |  |  | 3,286,274 |  |  |  | 0.72 |
Cancelled/Expired |  |  | (17,498 | ) |  |  | 0.59 |
Exercised |  |  | (1,626,513 | ) |  |  | 0.49 |
Issued |  |  | 1,183,062 |  |  |  | 1.99 |
Balance August 31, 2019 |  |  | 2,825,325 |  |  |  | 1.38 |
Schedule of warrants granted as compensation warrants by using the Black-Scholes option pricing model |
|  | February 29 2020 |
Expected volatility |  |  | 91% |
Risk-free interest rate |  |  | 2.87% |
Expected life |  |  | 2 years |
Dividend yield |  |  | 0.00% |
Estimated fair value per warrant |  |  | $0.28 - $0.43 |
|  | August 31 2019 |  | August 31 2018
Expected volatility |  | 1% – 117% |  | 100% – 154%
Risk-free interest rate |  | 2.31% – 2.87% |  | 1.21% – 2.60%
Expected life |  | 1 day – 2 years |  | 1.21 – 3 years
Dividend yield |  | 0.00% |  | 0.00%
Estimated fair value per warrant |  | $Nil – $0.57 |  | $0.40 – $1.48
Schedule of warrants outstanding |
# of Warrants |  |  | Weighted Average Remaining Contractual Life |  | Weighted Average Exercise Price $ |
975,325 |  |  | 0.67 years |  |  | 2.25 |
100,000 |  |  | 1.23 years |  |  | 0.96 |
250,000 |  |  | 1.24 years |  |  | 1.55 |
750,000 |  |  | 1.60 years |  |  | 0.14 |
225,000 |  |  | 2.68 years |  |  | 0.80 |
1,562,995 |  |  | 1.71 years |  |  | 0.80 |
269,500 |  |  | 1.75 years |  |  | 0.80 |
4,132,820 |  |  | 1.46 years |  |  | 1.07
# of Warrants |  |  | Weighted Average Remaining Contractual Life |  |  | Weighted Average Exercise Price $ |
| 250,000 |  |  | 0.25 years |  |  | 0.83 |
| 500,000 |  |  | 0.38 years |  |  | 1.83 |
| 975,325 |  |  | 1.17 years |  |  | 2.25 |
| 100,000 |  |  | 1.73 years |  |  | 0.96 |
| 250,000 |  |  | 1.73 years |  |  | 1.55 |
| 750,000 |  |  | 2.11 years |  |  | 0.14 |
| 2,825,325 |  |  | 1.27 years |  |  | 1.38 |

X
- Definition Represents the tabular disclosure of share issuance relating to option and warrant exercises. + References No definition available. + Details
Name: | lxrp_ScheduleOfShareIssuanceIsPresentedRelatingToOptionAndWarrantExercisesTableTextBlock
Namespace Prefix: | lxrp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Capital Stock, Warrants [Table Text Block] + References No definition available. + Details
Name: | lxrp_ScheduleOfStockholdersEquityNoteWarrantsOrRightsActivityTextBlock
Namespace Prefix: | lxrp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Stockholders' Equity Note, Warrants or Rights, Valuation Assumptions [Table Text Block] + References No definition available. + Details
Name: | lxrp_ScheduleOfStockholdersEquityNoteWarrantsOrRightsValuationAssumptionsTextBlock
Namespace Prefix: | lxrp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration