Quarterly report pursuant to Section 13 or 15(d)

5. SHAREHOLDERS' EQUITY (Tables)

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5. SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Feb. 28, 2018
Shareholders Equity Tables  
Schedule of stock option activity
    Number of Options     Weighted-Average Exercise Price     Weighted-Average Remaining Contractual Term     Approximate Aggregate Instrinsic Value  
Outstanding at August 31, 2017     465,500     $ 4.88       6.30     $ 1,007,740  
Granted (1)     82,500       8.05                  
Exercised     (10,000 )     7.50                  
Forfeited or expired     (2,500 )     7.50                  
Outstanding at February 28, 2018     535,500     $ 5.31       6.54     $ 1,439,840  
                                 
Options exercisable at February 28, 2018     379,668     $ 4.66       5.46     $ 1,248,740  
                                 
(1) Includes 50,000 shares granted to Mr. Harding on September 27, 2017 and 32,500 total shares granted to the board of directors on January 17, 2018.                         
Schedule of activity and value of non-vested options
    Number of Options     Weighted-Average Grant Date Fair Value  
Non-vested options outstanding at August 31, 2017     147,500     $ 3.64  
Granted     82,500       4.41  
Vested     (74,168 )     2.84  
Forfeited     -       -  
Non-vested options outstanding at February 28, 2018     155,832     $ 3.76