Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.22.2
Stock Based Compensation (Tables)
9 Months Ended
May 31, 2022
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Option, Activity The following table summarizes option activity during the nine months ended May 31, 2022:
  Options Outstanding and Exercisable
Number
of
Options
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
    (In years)  
Balance Outstanding, August 31, 2021 1,776,115  8.9 $ 6.80 
Granted 140,000  9.9 1.05 
Exercised —  0.0 — 
Forfeited (366,270) 8.7 4.83 
Balance Outstanding at May 31, 2022 1,549,845  8.3 $ 6.55 
Balance Exercisable at May 31, 2022 1,549,845     
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable Option vesting activity from August 31, 2021, through May 31, 2022 was as follows:
Options Vested Number
of
Options
Weighted
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
(In years)
Balance, August 31, 2021 309,257  8.6 $ 16.92 
Vested 316,888  8.6 5.11 
Exercised —  0.0 — 
Forfeited (65,657) 8.3 8.98 
Balance, May 31, 2022 560,487  8.1 $ 11.17 
Summarizes of Stock Options Outstanding The following table summarizes information about stock options outstanding and vested at May 31, 2022: 
  Options Outstanding Options Vested
Exercise Prices Number of
Options
Exercisable
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
Number
of
Options
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
    (In Years)     (In Years)  
$0.50 - 10.00
1,513,648  8.4 $ 4.38  526,244  8.2 $ 4.79 
$10.01 - $40.00
2,000  7.0 18.95  1,563  7.0 18.99 
$40.01 - $80.00
12,146  6.8 51.21  10,686  6.8 51.21 
$80.01 - $120.00
10,052  6.0 102.98  10,021  6.0 102.98 
$120.01 - $160.00
10,875  5.1 155.84  10,849  5.1 155.89 
$160.01 - $391.60
1,125  5.1 391.60  1,125  5.1 391.60 
  1,549,845  8.3 $ 6.55  560,487  8.1 $ 11.17