Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.10.0.1
Stock Options (Tables)
12 Months Ended
Aug. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule for stock options

 

 

Number of

Options

 

 

Weighted Average Exercise Price

$

 

Balance, August 31, 2016 (vested and outstanding)

 

 

3,485,000

 

 

 

0.15

 

Exercised

 

 

(1,014,125 )

 

 

0.17

 

Granted

 

 

850,000

 

 

 

0.14

 

Balance, August 31, 2017 (outstanding)

 

 

3,320,875

 

 

 

0.15

 

Exercised

 

 

(545,875 )

 

 

0.17

 

Granted

 

 

2,025,000

 

 

 

1.49

 

Balance, August 31, 2018 (outstanding)

 

 

4,800,000

 

 

 

0.71

 

Balance, August 31, 2018 (exercisable)

 

 

4,600,000

 

 

 

0.73

 

Schedule of fair value of options granted using Black-Scholes option pricing model

 

 

August 31

2018

 

 

August 31

2017

 

Expected volatility

 

127% - 131%

 

 

98% - 108%

 

Risk-free interest rate

 

2.13% - 2.74%

 

 

0.83% - 1.78%

 

Expected life

 

5 years

 

 

2 - 5 years

 

Dividend yield

 

 

0.00 %

 

 

0.00 %

Estimated fair value per option

 

$0.70 - $1.73

 

 

$0.07 - $0.27

 

Schedule of vested and outstanding stock options

Number of

Stock Options

 

 

Number of Stock

Options Exercisable

 

 

Weighted Average

Remaining Contractual

Life

 

Weighted Average

Exercise Price

$

 

 

Aggregate

Intrinsic Value

$

 

 

990,000

 

 

 

990,000

 

 

1.31 years

 

 

0.10

 

 

 

1,930,500

 

 

275,000

 

 

 

275,000

 

 

1.43 years

 

 

0.09

 

 

 

538,750

 

 

550,000

 

 

 

550,000

 

 

1.57 years

 

 

0.09

 

 

 

1,077,500

 

 

110,000

 

 

 

110,000

 

 

2.05 years

 

 

0.17

 

 

 

206,500

 

 

300,000

 

 

 

300,000

 

 

2.62 years

 

 

0.11

 

 

 

582,000

 

 

200,000

 

 

 

200,000

 

 

3.76 years

 

 

0.37

 

 

 

336,000

 

 

350,000

 

 

 

150,000

 

 

3.81 years

 

 

0.30

 

 

 

614,250

 

 

200,000

 

 

 

200,000

 

 

4.25 years

 

 

0.83

 

 

 

244,000

 

 

1,725,000

 

 

 

1,725,000

 

 

4.75 years

 

 

1.53

 

 

 

897,000

 

 

100,000

 

 

 

100,000

 

 

5.00 years

 

 

2.06

 

 

 

(1,000 )

 

4,800,000

 

 

 

4,600,000

 

 

3.17 years

 

 

0.71

 

 

 

6,425,500