Post-effective amendment to a registration statement that is not immediately effective upon filing

Stock Options (Tables)

v3.20.4
Stock Options (Tables)
3 Months Ended 12 Months Ended
Nov. 30, 2020
Aug. 31, 2020
Share-based Payment Arrangement [Abstract]    
Schedule of exercise price  

 

Fiscal 2020 Activity

 

The Company granted stock options in the year ending August 31, 2020:

  

Quantity

 

Exercise Price $

Life (Years)

1,000,000

 

0.55

5

60,000

 

0.43

5

550,000

 

0.47

5

2,538,000

 

0.32

5

700,000

0.

0.34

5

4,848,000

(1)

0.39

5

(1) 3,962,000 have vested as at August 31, 2020, and 886,000 remain subject to vesting provisions.

 

Fiscal 2019 Activity

 

The Company granted stock options in the year ending August 31, 2019:

 

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, 2019

 

 

166,767

 

 

 

21.30

 

 

 

 

 

 

 

Cancelled/expired

 

 

(149,437 )

 

 

29.51

 

 

 

 

 

 

 

Exercised

 

 

(7,333 )

 

 

4.09

 

 

 

 

 

 

 

Granted

 

 

161,600

 

 

 

11.66

 

 

 

 

 

 

 

Balance August 31, 2020

 

 

171,596

 

 

 

11.17

 

 

 

 

 

 

 

Cancelled

 

 

(1,333 )

 

 

12.90

 

 

 

 

 

 

 

Balance November 30, 2020 (Outstanding)

 

 

170,263

 

 

 

11.16

 

 

 

4.05

 

 

 

30,000

 

Balance November 30, 2020 (Exercisable)

 

 

146,231

 

 

 

10.51

 

 

 

4.05

 

 

 

30,000

 

 

 

Options

 

 

Weighted Average Exercise Price $

 

 

Weighted Average Remaining Contractual Term (Years)

 

 

Aggregate Intrinsic Value $

 

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

 

 

5,003,000

 

 

 

0.71

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(4,483,000 )

 

 

0.98

 

 

 

 

 

 

 

Exercised

 

 

(220,000 )

 

 

0.14

 

 

 

 

 

 

 

Granted

 

 

4,848,000

 

 

 

0.39

 

 

 

 

 

 

 

Balance August 31, 2020 (Outstanding)

 

 

5,148,000

 

 

 

0.37

 

 

 

4.30

 

 

 

140,634

 

Balance August 31, 2020 (Exercisable)

 

 

4,262,000

 

 

 

0.34

 

 

 

4.29

 

 

 

136,853

 

Schedule of fair value of options granted  

 

 

August 31

2020

 

 

 

August 31

2019

 

Expected volatility

 

95%- 96

%

 

 

100%- 144

%

Risk-free interest rate

 

0.35%- 1.66

%

 

 

1.42%- 2.89

Expected life

 

5 years

 

 

 

5 years

 

Dividend yield

 

 

0 %

 

 

 

0 %

Estimated fair value per option

$

0.31-$0.54

 

 

$

0.60 - $1.07