General form of registration statement for all companies including face-amount certificate companies

Stock Options (Tables)

v3.20.1
Stock Options (Tables)
6 Months Ended 12 Months Ended
Feb. 29, 2020
Aug. 31, 2019
Share-based Payment Arrangement [Abstract]    
Schedule of exercise price

Quantity

 

 

Exercise Price $

 

 

Life (Years)

 

550,000

 

 

 

0.47

 

 

 

5

 

60,000(1)

 

 

 

0.43

 

 

 

5

 

610,000

 

 

 

0.47

 

 

 

 

 

            

(1) Options granted vest 20,000 on grant and 20,000 annually thereafter until fully vested.

 

Quantity

 

 

Exercise Price $

 

 

 

Life (Years)

 

 

390,000(1)

 

 

 

1.27

 

 

 

5

 

 

240,000(1)

 

 

 

1.06

 

 

 

5

 

 

30,000(1)

 

 

 

1.16

 

 

 

5

 

 

350,000

 

 

 

0.99

 

 

 

5

 

 

440,000(1)

 

 

 

0.99

 

 

 

5

 

 

48,000(1)

 

 

 

0.96

 

 

 

5

 

 

100,000

 

 

 

0.81

 

 

 

5

 

 

450,000(1)

 

 

 

0.81

 

 

 

5

 

 

2,048,000

 

 

 

1.00

 

 

 

 

 

(1) Options granted vest over a period of three years

 

Schedule of stock options

 

 

Options

 

 

Weighted Average Exercise Price $

 

 

Weighted Average Remaining Contractual Term 

(Years)

 

Aggregate Intrinsic Value $

Balance August 31, 2018

 

 

4,800,000

 

 

 

0.71

 

 

 

 

 

Cancelled/expired

    (1,415,000

)

    0.66    

Exercised

 

 

(430,000 )

 

 

0.15

 

 

 

 

 

Granted

 

 

2,048,000

 

 

 

1.00

 

 

 

 

 

Balance August 31, 2019

 

 

5,003,000

 

 

 

0.89

 

 

 

 

 

Cancelled/expired

   

(550,000

)    

0.09

         

Exercised

   

(110,000

)    

0.10

         

Granted

 

 

1,610,000

 

 

 

0.54

 

 

 

 

 

Balance February 29, 2020 (Outstanding)

 

 

5,953,000  

 

 

0.88

 

 

3.69

 

  94,510

Balance February 29, 2020 (Exercisable)

 

 

4,397,341

 

 

 

0.94

 

 

3.46

 

  90,910

 

 

 

Options

 

 

Weighted

Average

Exercise

Price $

 

 

Weighted

Average Remaining Contractual

Term (Years)

 

 

Aggregate

Intrinsic

Value $

 

Balance August 31, 2017

 

 

3,320,875

 

 

 

0.15

 

 

 

 

 

 

 

Exercised

 

 

(545,875 )

 

 

0.17

 

 

 

 

 

 

 

Granted

 

 

2,025,000

 

 

 

1.49

 

 

 

 

 

 

 

Balance August 31, 2018

 

 

4,800,000

 

 

 

0.71

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(1,415,000 )

 

 

0.66

 

 

 

 

 

 

 

Exercised

 

 

(430,000 )

 

 

0.15

 

 

 

 

 

 

 

Granted

 

 

2,048,000

 

 

 

1.00

 

 

 

 

 

 

 

Balance August 31, 2019 (Outstanding)

 

 

5,003,000

 

 

 

0.89

 

 

 

3.34

 

 

 

791,800

 

Balance August 31, 2019 (Exercisable)

 

 

3,961,000

 

 

 

0.90

 

 

 

3.03

 

 

 

752,300

 

Schedule of fair value of options granted

 

 

February 29

2020

 

Expected volatility

 

 

95%-96% 

 

Risk-free interest rate

 

 

1.45%—1.68%

 

Expected life

 

 

5 years

 

Dividend yield

 

 

0.00%

 

Estimated fair value per option

 

 

$0.30 - $0.39

 

 

 

 

August 31

2019

 

 

August 31

2018

 

Expected volatility

 

100% – 144%

 

 

127% – 131%

 

Risk-free interest rate

 

1.42% – 2.89%

 

 

2.13% – 2.74%

 

Expected life

 

5 years

 

 

5 years

 

Dividend yield

 

0.00%

 

 

0.00%

 

Estimated fair value per option

 

$0.60 - $1.07

 

 

$0.70 – $1.73