Quarterly report pursuant to Section 13 or 15(d)

5. SHAREHOLDERS' EQUITY (Details)

v3.7.0.1
5. SHAREHOLDERS' EQUITY (Details)
 6 Months Ended
Feb. 28, 2017
USD ($)
$ / shares
shares
Number of options  
Outstanding, beginning | shares 338,000
Granted | shares 142,500
Exercised | shares 0
Forfeited or expired | shares 0
Outstanding, ending | shares 480,500
Exercisable | shares 333,000
Weighted average exercise price  
Outstanding, beginning | $ / shares $ 4.83
Granted | $ / shares 5.47
Exercised | $ / shares 0.00
Forfeited or expired | $ / shares 0.00
Outstanding, ending | $ / shares 4.98
Exercisable | $ / shares $ 4.78
Weighted average remaining contractual term  
Outstanding, ending 6 years 7 months 2 days
Exercisable 5 years 2 months 26 days
Approximate aggregate intrinsic value  
Outstanding, ending | $ $ 304,765
Exercisable | $ $ 297,640