Annual report pursuant to Section 13 and 15(d)

Share based compensation (Tables)

v3.19.3.a.u2
Share based compensation (Tables)
12 Months Ended
Aug. 31, 2019
Share based compensation (Tables)  
Black-Scholes stock option pricing model

 

 

2019

 

2018

 

Expected life

 

4.0 years

 

4.0 years

 

Estimated volatility

 

119

%

 

121

%

Risk-free interest rate

 

1.70%-2.90

%

 

2.01%-2.83

%

Dividends

 

-

 

-

 

Share based compensation expense

 

 

Year ended

August 31,

 2019

 

Year ended

August 31,

2018

 

Shares issued for services

 

$

263,000

 

$

163,000

 

Employee stock options

 

369,000

 

200,000

 

Balance at August 31, 2019

 

$

632,000

 

$

363,000

 

Summary of option activity

 

 

Options Outstanding and Exercisable

 

Weighted

 

Average

 

Weighted

 

Number

 

Remaining

 

Average

 

of

 

Contractual

 

Exercise

 

Options

 

Life

 

Price

 

(In years)

 

Balance, August 31, 2017

 

790,000

 

9.58

 

$

4.62

 

Granted

 

948,745

 

10.0

 

$

2.64

 

Exercised

 

 

 

$

 

Forfeited

 

(390,000

)

 

8.49

 

$

3.87

 

Balance, August 31, 2018

 

1,348,745

 

9.77

 

$

3.45

 

Granted

 

1,442,903

 

10.0

 

$

1.59

 

Exercised

 

 

 

$

 

Forfeited

 

(761,716

)

 

8.06

 

$

2.78

 

Balance at August 31, 2019

 

2,029,932

 

8.95

 

$

2.38

 

Schedule of Option vesting activity

 

 

of

 

Contractual

 

Exercise

Options Vested

 

Options

 

Life

 

Price

 

(In years)

 

Balance, August 31, 2017

 

--

 

--

 

$

-

Vested

 

214,548

 

8.83

 

$

4.62

Exercised

 

 

 

$

Forfeited

 

(34,027

)

 

8.54

 

$

4.43

Balance, August 31, 2018

 

180,521

 

8.57

 

$

4.56

Vested

 

296,394

 

 

$

3.43

Exercised

 

 

 

$

Forfeited

 

(65,302

)

 

8.10

 

$

4.11

Balance at August 31, 2019

 

411,613

 

8.04

 

$

3.82

 

Summarizes of stock options outstanding

 

 

Options Outstanding and Exercisable

 

Options Vested

 

Weighted

 

Average

 

Weighted

 

Weighted

 

Weighted

 

Number

 

Remaining

 

Average

 

Number

 

Remaining

 

Average

 

of

 

Contractual

 

Exercise

 

of

 

Contractual

 

Exercise

 

Exercise Prices

 

Options

 

Life

 

Price

 

Options

 

Life

 

Price

 

(In years)

 

(In years)

 

$0.47-1.00

 

325,000

 

9.77

 

$

0.56

 

 

 

$

 

$1.01–$2.00

 

630,405

 

9.59

 

$

1.29

 

 

 

$

 

$2.01–$3.00

 

514,527

 

8.67

 

$

2.60

 

168,071

 

8.63

 

$

2.63

 

$3.01–$4.00

 

505,000

 

8.04

 

$

3.88

 

214,896

 

7.60

 

$

3.96

 

$4.01-$9.79

 

55,000

 

7.88

 

$

9.79

 

28,646

 

7.88

 

$

9.79

 

2,029,932

 

8.95

 

$

2.38

 

411,613

 

8.04

 

$

3.82