Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.21.2
Stock Options (Tables)
12 Months Ended
Aug. 31, 2021
Stock Options  
Schedule of exercise price

Quantity

 

 

Exercise Price $

 

 

Life (Years)

 

 

3,400

 

 

 

4.80

 

 

 

5

 

 

12,000

 

 

 

5.04

 

 

 

5

 

 

43,500

 

 

 

5.31

 

 

 

5

 

 

26,000

 

 

 

5.83

 

 

 

5

 

 

84,900

 

 

 

5.41

 

 

 

5

 

Quantity

 

 

Exercise Price $

 

 

Life (Years)

 

 

33,333

 

 

 

16.50

 

 

 

5

 

 

2,000

 

 

 

12.90

 

 

 

5

 

 

18,333

 

 

 

14.10

 

 

 

5

 

 

84,600

 

 

 

9.60

 

 

 

5

 

 

23,334

 

 

 

10.20

 

 

 

5

 

 

161,600

(1)

 

 

11.66

 

 

 

5

 

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

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(149,430 )

 

 

29.51

 

 

 

 

 

 

 

Exercised

 

 

(7,333 )

 

 

4.09

 

 

 

 

 

 

 

Granted

 

 

161,600

 

 

 

11.66

 

 

 

 

 

 

 

Balance August 31, 2020

 

 

171,604

 

 

 

11.17

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(50,344 )

 

 

10.76

 

 

 

 

 

 

 

Granted

 

 

84,900

 

 

 

5.41

 

 

 

 

 

 

 

Balance August 31, 2021 (Outstanding)

 

 

206,170

 

 

 

7.36

 

 

 

4.45

 

 

 

68,713

 

Balance August 31, 2021 (Exercisable)

 

 

189,003

 

 

 

7.31

 

 

 

4.44

 

 

 

54,723

 

Schedule of fair value of options granted

 

 

August 31

2021

 

 

August 31

2020

 

Expected volatility

 

133% –134%

 

 

95% – 96%

 

Risk-free interest rate

 

0.42% – 0.85%

 

 

0.35% – 1.66%

 

Expected life

 

5 years

 

 

5 years

 

Dividend yield

 

 

0 %

 

 

0 %

Estimated fair value per option

 

$4.00 – $4.86

 

 

$9.30-$16.20