Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.20.2
Stock Options (Tables)
9 Months Ended
May 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of exercise price

Quantity

 

 

Exercise Price $

 

 

Life (Years)

 

2,538,000

 

 

 

0.32

 

 

 

5

 

700,000

 

 

 

0.34

 

 

 

5

 

3,238,000(1)

 

 

 

0.32

 

 

 

5

            

(1)  3,092,000 vested on grant, 146,000 vest annually over 2 years until fully vested.

Schedule of stock options

 

 

Options

 

 

Weighted Average Exercise Price $

 

 

Weighted Average Remaining Contractual Term 

(Years)

 

Aggregate Intrinsic Value $

Balance August 31, 2018

 

 

4,800,000

 

 

 

0.71

 

 

 

 

 

Cancelled/expired

    (1,415,000

)

    0.66    

Exercised

 

 

(430,000 )

 

 

0.15

 

 

 

 

 

Granted

 

 

2,048,000

 

 

 

1.00

 

 

 

 

 

Balance August 31, 2019

 

 

5,003,000

 

 

 

0.89

 

 

 

 

 

Cancelled/expired

   

(4,193,000

)    

0.98

         

Exercised

   

(110,000

)    

0.10

         

Granted

 

 

4,848,000

 

 

 

0.39

 

 

 

 

 

Balance May 31, 2020 (Outstanding)

 

 

5,548,000  

 

 

0.40

 

 

4.23

 

  71,000

Balance May 31, 2020 (Exercisable)

 

 

5,282,000

 

 

 

0.39

 

 

4.31

 

  71,000
Schedule of fair value of options granted

 

 

May 31

2020

 

Expected volatility

 

 

95%-96% 

 

Risk-free interest rate

 

 

0.35%—1.68%

 

Expected life

 

 

5 years

 

Dividend yield

 

 

0.00%

 

Estimated fair value per option

 

 

$0.22 - $0.39