Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.7.0.1
Stock Options (Tables)
9 Months Ended
May 31, 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     0.15  
  Exercised   (959,1250 )   0.17  
  Granted   250,000     0.14  
  Balance, May 31, 2017 (vested and outstanding)   2,775,875     0.12  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
      May 31  
      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   1.05 years     0.09     69,075  
  303,375   2.15 years     0.23     43,300  
  990,000   2.56 years     0.10     267,300  
  275,000   2.68 years     0.09     76,750  
  550,000   2.82 years     0.09     153,500  
  110,000   3.30 years     0.17     21,700  
  300,000   3.88 years     0.11     78,000  
  2,775,875   2.62 years     0.12     709,625