Quarterly report pursuant to Section 13 or 15(d)

Stock based Compensation

v3.8.0.1
Stock based Compensation
6 Months Ended
Feb. 28, 2018
Notes to Financial Statements  
Note 5: Stock based Compensation

The Company granted options to purchase an aggregate total of 155,000 shares of Common Stock during the six months ended February 28, 2018. The Company recognized $97,096 of compensation expense in the six months ended February 28, 2018. The weighted average remaining contract life of the options is 9.22 years. The aggregate intrinsic value of the options outstanding as of February 28, 2018, is $0.

 

Stock option activity during the six months ended February 28, 2018, is summarized as follows:

 

    Options Outstanding    

Weighted

Average

Exercise Price

 
Options outstanding at August 31, 2017     790,000     $ 4.44  
Exercised     -     $ -  
Granted     155,000       2.85  
Forfeited     (125,000 )   $ 4.00  
Expired     -          
Options outstanding at February 28, 2018     820,000     $ 4.38  
Options Exercisable at February 28, 2018     -       -