Stock based Compensation
|3 Months Ended|
Nov. 30, 2018
|Notes to Financial Statements|
|Note 6: Stock based Compensation||
The Company granted options to purchase an aggregate total of 235,000 and 35,000 shares of common stock during the three months ended November 30, 2018, and 2017, respectively. The Company recognized approximately $77,000 and $70,000 of compensation expense in the three months ended November 30, 2018, and 2017, respectively. The weighted average remaining contract life of the options is 9.14 and 9.61 years, respectively.
The total intrinsic value of options as of November 30, 2018, and 2017, is $135,424 and $0, respectively.
Stock option activity during the three months ended November 30, 2018, is summarized as follows:
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef