Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.3.1.900
Stock Options (Tables)
6 Months Ended 12 Months Ended
Feb. 29, 2016
Aug. 31, 2015
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
            Options Outstanding  
            Weighted  
            Average  
      Number     Exercise  
      of Shares     Price  
  Balance, August 31, 2015   3,700,000   $ 0.17  
  Expired   (50,000 )   0.60  
  Granted   100,000     0.19  
  Forward split   375,000        
  Balance, February 29, 2016   4,125,000   $ 0.16  
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
      February 29,     August 31,  
      2016     2015  
  Expected volatility   243%- 249%     243%- 249%  
  Risk-free interest rate   1.47 - 1.68%     1.47 - 1.68%  
  Expected life   5.00 years     5.00 years  
  Dividend yield   0.00%     0.00%  
  Estimated fair value per option   $0.08 -$0.10     $0.08 -$0.10  
 
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
 

February 29, 2016

 

Options outstanding

 

 

Options exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Range of Exercise

 

Number

 

 

Weighted

 

 

Weighted

 

 

Number

 

 

Weighted average

 

 

Weighted

 

 

prices

 

of shares

 

 

average

 

 

average exercise

 

 

of shares  

 

 

remaining

 

 

average

 

 

 

 

 

 

 

remaining

 

 

price

 

 

 

 

 

contractual life

 

 

exercise price

 

 

 

 

 

 

 

contractual life

 

 

 

 

 

 

 

 

 

 

 

 

 

  $0.35   495,000     0.36 years   $ 0.35     495,000     0.36 years   $ 0.35  
  $0.10   440,000     2.30 years   $ 0.10     440,000     2.30 years   $ 0.10  
  $0.25   687,500     3.40 years   $ 0.25     687,500     3.40 years   $ 0.25  
  $0.11   1,567,500     3.81 years   $ 0.11           3.81 years   $ 0.11  
  $0.10   275,000     3.93 years   $ 0.10     1,567,500     3.93 years   $ 0.10  
  $0.10   550,000     4.07 years   $ 0.10     275,000     4.07 years   $ 0.10  
  $0.19   110,000     4.55 years   $ 0.19     550,000     4.55 years   $ 0.19  
                        110,000              
  Total   4,125,000     3.23 years   $ 0.16     4,125,000     3.23 years   $ 0.16  
 

August 31, 2015

 

Options outstanding

 

 

Options exercisable

 

 

Range of

 

Number

 

 

Weighted average

 

 

Weighted

 

 

Number

 

 

Weighted average

 

 

Weighted

 

 

Exercise prices

 

of shares

   

remaining  

 

 

average exercise

 

 

of shares

 

 

remaining

 

 

average

 

 

 

 

 

 

 

contractual life

 

 

price

 

 

 

 

 

contractual life

 

 

exercise price

 

      450,000     0.86 years   $ 0.35     450,000     0.86 years   $ 0.35  
  $0.10   400,000     2.80 years   $ 0.10     400,000     2.80 years   $ 0.10  
  $0.60   50,000     3.57 years   $ 0.60     50,000     3.57 years   $ 0.60  
  $0.25   625,000     3.90 years   $ 0.25     625,000     3.90 years   $ 0.25  
  $0.11   1,425,000     4.31 years   $ 0.11     1,325,000     4.30 years   $ 0.11  
  $0.10   250,000     4.43 years   $ 0.10     250,000     4.43 years   $ 0.10  
  $0.10   500,000     4.57 years     0.10     500,000     4.57 years     0.10  
  Total   3,700,000     3.69 years   $ 0.17     3,600,000     3.68 years   $ 0.17