Stock Based Compensation
|9 Months Ended|
May 31, 2020
|Stock Based Compensation.|
|Stock Based Compensation||
Note 7: Stock Based Compensation
The Company granted no options during the nine months ended May 31, 2020. The Company recognized approximately $75,000 and $745,000 of compensation expense for the three and nine months ended May 31, 2020, respectively. During the nine months ended May 31, 2020, the Company fully vested all options granted to personnel who were terminated as a result of the Asset Sale which resulted in the acceleration of 9,737 options and $483,000 of stock-based compensation recorded in stock-based compensation – general and administrative.
At May 31, 2020, the total unrecognized deferred share-based compensation expected to be recognized over the remaining weighted average vesting periods of 0.9 years for outstanding grants was $0.6 million.
A summary of option activity was as follows:
Options outstanding as of May 31, 2020 had aggregate intrinsic value of $0.
Option vesting activity was as follows:
The following table summarizes information about stock options outstanding and vested at May 31, 2020:
The number of options and exercise prices have been presented retroactively for the 1 for 40 December 17, 2019 reverse split.
The entire disclosure for share-based payment arrangement.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef