Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.7.0.1
Stock Options (Tables)
6 Months Ended
Feb. 28, 2017
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
            Weighted  
      Number of     Average Exercise  
      Options     Price  
             
  Balance, August 31, 2015 (vested and outstanding)   4,070,000     0.15  
  Expired   (385,000 )   0.32  
  Cancelled   (935,000 )   0.16  
  Granted   735,000     0.13  
  Balance, August 31, 2016 (vested and outstanding)   3,485,000     0.13  
  Exercised   (888,500 )   0.17  
  Granted   250,000     0.14  
  Balance, February 28, 2017 (vested and outstanding)   2,846,500     0.12  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    February 28  
    2017  
Expected volatility   108%  
Risk-free interest rate   0.83%  
Expected life   2.00 years  
Dividend yield   0.00%  
Estimated fair value per option   $0.07  
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
# of Stock Options   Weighted     Weighted     Aggregate  
    Average     Average     Intrinsic Value  
    Remaining     Exercise Price        
    Contractual Life          
247,500   1.30 years     0.09     106,200  
374,000   2.40 years     0.23     109,480  
990,000   2.81 years     0.10     415,800  
275,000   2.93 years     0.09     118,000  
550,000   3.07 years     0.09     236,000  
110,000   3.55 years     0.17     38,200  
300,000   4.13 years     0.11     123,000  
2,846,500   2.86 years     0.12     1,146,680