Annual report pursuant to Section 13 and 15(d)

Stock Options (Detail Narrative)

v3.23.3
Stock Options (Detail Narrative) - USD ($)
 1 Months Ended 12 Months Ended
May 11, 2023
Oct. 27, 2023
Aug. 31, 2023
Aug. 31, 2022
Description of incentives plan     The Company established an Equity Incentive Plan whereby our Board, pursuant to shareholder approved amendments, may grant up to 809,165 stock options to directors, officers, employees, and consultants with such number being increased to up to 10% of the issued share capital at the end of each calendar year, at the discretion of the board, pursuant to an evergreen formula. While these amendments have been approved by the Company’s shareholders, the Company has not filed an S-8 Registration Statement to register these additional securities, accordingly, until such S-8 Registration Statement is filed with the SEC, the Company may only issue up to 510,433 shares under the current registered Equity Incentive Plan  
Number of stock options, granted     267,969  
Fair value of options awarded     $ 89,057 $ 680,511
Exercise price $ 0.95 $ 1.15 $ 1.75 $ 4.21
Stock based compensation expense     $ 170,382 $ 752,591
Unrecognized non-cash compensation costs     $ 89,057  
Non-vested stock options     56,131  
Compensation expense for options repricing     $ 25,194  
Stock Options        
Exercise price repriced     $ 3  
Options repricing     267,969  
Weighted Average Remaining Contractual Life     10 years  
Minimum | Stock Options        
Exercise price     $ 9.60  
Maximum | Stock Options        
Exercise price     $ 4.80