Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.19.2
Stock Options (Tables)
9 Months Ended
May 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of exercise price

Quantity

 

 

Exercise Price $

 

 

Life (Years)

 

390,000(1)

 

 

1.27

 

 

 

5

 

240,000(1)

 

 

1.06

 

 

 

5

 

30,000(1)

 

 

1.16

 

 

 

5

 

350,000

 

 

 

0.99

 

 

 

5

 

440,000(1)

 

 

0.99

 

 

 

5

 

48,000(1)

 

 

0.96

 

 

 

5

 

1,498,000

 

 

 

1.08

 

 

 

 

 

 

(1)Options granted vest over a period of three years.
Schedule for stock options

 

 

Options

 

 

Weighted

Average 
Exercise Price

$

 

 

Weighted Average Remaining Contractual Term

 

Aggregate 
Intrinsic Value

 

Balance, August 31, 2017

 

 

3,320,875

 

 

 

0.15

 

 

 

 

 

 

Exercised

 

 

(545,875 )

 

 

0.17

 

 

 

 

 

 

Granted

 

 

2,025,000

 

 

 

1.49

 

 

 

 

 

 

Balance, August 31, 2018

 

 

4,800,000

 

 

 

0.71

 

 

 

 

 

 

Expired

 

 

(1,415,000 )

 

 

0.66

 

 

 

 

 

 

Exercised

 

 

(380,000 )

 

 

0.14

 

 

 

 

 

 

Granted

 

 

1,498,000

 

 

 

1.08

 

 

 

 

 

 

Balance, May 31, 2019 (Outstanding)

 

 

4,503,000

 

 

 

0.90

 

 

3.38 years

 

$ 1,195,075

 

Balance, May 31, 2019 (Exercisable)

 

 

3,721,000

 

 

 

0.91

 

 

3.20 years

 

$ 1,195,075

 

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

 

 

May 31

2019

 

Expected volatility

 

103% - 144%

 

Risk-free interest rate

 

2.19% - 2.89%

 

Expected life

 

5.00 years

 

Dividend yield

 

 

0.00%

Estimated fair value per option

 

$0.73 - $1.07