Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.10.0.1
SHAREHOLDERS' EQUITY (Tables)
 3 Months Ended
Nov. 30, 2018
SHAREHOLDERS' EQUITY [Abstract]  
Stock Option Activity
The following table summarizes the combined stock option activity for the 2004 Incentive Plan and 2014 Equity Plan for the three months ended November 30, 2018:

   
Number
of Options
    
Weighted Average
Exercise Price
    
Weighted Average
Remaining
Contractual Term
    
Approximate
Aggregate
Intrinsic Value
  
Outstanding at August 31, 2018
    
535,500
    
$
5.31
      
6.04
    
$
3,180,990
  
Granted (1)
    
50,000
    
$
11.15
                  
Exercised
    
(25,000
)
  
$
3.13
                  
Forfeited or expired
    
—
    
$
—
                  
Outstanding at November 30, 2018
    
560,500
    
$
5.93
      
6.40
    
$
2,595,100
  
                                 
Options exercisable at November 30, 2018
    
408,001
    
$
4.96
      
5.44
    
$
2,261,300
  

(1)
Includes 50,000 shares granted to Mr. Harding on September 26, 2018.
Value of Non-vested Options
The following table summarizes the combined activity and value of non-vested options under the 2004 Equity Plan and 2014 Incentive Plan as of and for the three months ended November 30, 2018:

   
Number
of Options
    
Weighted Average
Grant Date
Fair Value
  
Non-vested options outstanding at August 31, 2018
    
155,833
    
$
3.76
  
Granted
    
50,000
      
5.72
  
Vested
    
(53,334
)
    
3.41
  
Forfeited
    
—
      
—
  
Non-vested options outstanding at November 30, 2018
    
152,499
    
$
4.53