Quarterly report pursuant to Section 13 or 15(d)

5. SHAREHOLDERS' EQUITY (Details)

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5. SHAREHOLDERS' EQUITY (Details)
 3 Months Ended
Nov. 30, 2017
USD ($)
$ / shares
shares
Number of options  
Outstanding, beginning | shares 465,500
Granted | shares 50,000
Exercised | shares 0
Forfeited or expired | shares 0
Outstanding, ending | shares 515,500
Exercisable | shares 354,668
Weighted average exercise price  
Outstanding, beginning | $ / shares $ 4.88
Granted | $ / shares 7.60
Exercised | $ / shares 0.00
Forfeited or expired | $ / shares 0.00
Outstanding, ending | $ / shares 5.15
Exercisable | $ / shares $ 4.73
Weighted average remaining contractual term  
Outstanding, beginning 6 years 3 months 18 days
Outstanding, ending 6 years 5 months 1 day
Exercisable 5 years 1 month 28 days
Approximate aggregate intrinsic value  
Outstanding, beginning | $ $ 1,007,740
Outstanding, ending | $ 969,340
Exercisable | $ $ 794,448