Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.22.4
Stock Options (Tables)
3 Months Ended
Nov. 30, 2022
Stock Options  
Summary of continuity schedule of stock options

Quantity

 

 

Exercise Price $

 

 

Life (Years)

 

 

3,400

 

 

 

3.04

 

 

 

5

 

 

41,200

 

 

 

1.96

 

 

 

5

 

 

44,600

 

 

 

2.04

 

 

 

5

 

Schedule of stock options activity

 

 

Options

 

 

Weighted Average Exercise Price $

 

 

Weighted Average Remaining Contractual Term (Years)

 

 

Aggregate Intrinsic Value $

 

Balance August 31, 2021

 

 

206,170

 

 

 

8.90

 

 

 

 

 

 

 

Cancelled/expired

 

 

(3,334 )

 

 

9.60

 

 

 

 

 

 

 

Granted

 

 

222,000

 

 

 

4.21

 

 

 

 

 

 

Balance August 31, 2022

 

 

424,836

 

 

 

6.45

 

 

 

3.69

 

 

5,175

 

Granted

 

 

44,600

 

 

 

2.04

 

 

 

 

 

 

 

 

Balance November 30, 2022 (granted)

 

 

469,436

 

 

 

5.35

 

 

 

3.91

 

 

 

46,375

 

Balance November 30, 2022 (exercisable)

 

 

441,963

 

 

 

5.41

 

 

 

3.90

 

 

 

41,200

 

Schedule of fair value of options granted

 

 

November 30,

2022

 

Expected volatility

 

99%-105

Risk-free interest rate

 

3.30-4.12

%

Expected life

 

5 years

 

Dividend yield

 

 

0 %

Estimated fair value per option

 

$1.60 - $2.58