Annual report pursuant to Section 13 and 15(d)

EQUITY (Details 2)

v3.19.3.a.u2
EQUITY (Details 2) - $ / shares
 12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period 184,000 50,000
Equity Incentive Plan 2018    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period 234,000  
Equity Incentive Plan 2018 | Saoirse O'Sullivan    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [1] 12,500  
Exercise Price $ 10.8  
Vesting Commencement Date Aug. 17, 2018  
Expiration Date Aug. 17, 2028  
Equity Incentive Plan 2018 | R. Martin Emanuele, Ph.D.    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [1] 12,500  
Exercise Price $ 10.8  
Vesting Commencement Date Aug. 17, 2018  
Expiration Date Aug. 17, 2028  
Equity Incentive Plan 2018 | Andy Yates, Ph.D.    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [1] 12,500  
Exercise Price $ 10.8  
Vesting Commencement Date Aug. 17, 2018  
Expiration Date Aug. 17, 2028  
Equity Incentive Plan 2018 | Steven D. Reich, M.D.    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [2] 12,500  
Exercise Price $ 10.8  
Vesting Commencement Date Apr. 01, 2018  
Expiration Date Aug. 17, 2028  
Equity Incentive Plan 2018 | Rob Prince    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [3] 2,500  
Exercise Price $ 3.12  
Vesting Commencement Date Jul. 18, 2019  
Expiration Date Jul. 18, 2029  
Equity Incentive Plan 2018 | Gregory D. Gorgas    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [4] 75,000  
Exercise Price $ 1.99  
Vesting Commencement Date Aug. 29, 2019  
Expiration Date Aug. 29, 2029  
Equity Incentive Plan 2018 | Connie Matsui    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [5] 26,500  
Exercise Price $ 1.99  
Vesting Commencement Date Aug. 29, 2019  
Expiration Date Aug. 29, 2029  
Equity Incentive Plan 2018 | Douglas Blayney, MD    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [5] 18,000  
Exercise Price $ 1.99  
Vesting Commencement Date Aug. 29, 2019  
Expiration Date Aug. 29, 2029  
Equity Incentive Plan 2018 | Georgia Erbez    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [5] 22,250  
Exercise Price $ 1.99  
Vesting Commencement Date Aug. 29, 2019  
Expiration Date Aug. 29, 2029  
Equity Incentive Plan 2018 | R. Martin Emanuele, PhD    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [5] 17,500  
Exercise Price $ 1.99  
Vesting Commencement Date Aug. 29, 2019  
Expiration Date Aug. 29, 2019  
Equity Incentive Plan 2018 | Steven Kelly    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Number of shares granted during period [5] 22,250  
Exercise Price $ 1.99  
Vesting Commencement Date Aug. 29, 2019  
Expiration Date Aug. 29, 2029  
[1] Twenty-five percent (25%) of the Shares subject to the Option shall vest on the Vesting Commencement Date, and one forty-eighth (1/48th) of the Shares subject to the Option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date.
[2] The number of Shares that will vest upon the first day following the end of such Vesting Period (a "Vesting Date") will equal (i) the lesser of (a) the number of hours that the Company's Chief Executive Officer certifies Participant provided the Services during such Vesting Period or (b) 60, multiplied by (ii) a number of Shares equal to 350 divided by the exercise price per Share of the option. "Vesting Period" means each three-month period during the term of the consulting agreement, beginning on the Vesting Commencement Date.
[3] 100% vested
[4] The shares subject to this option award will vest, subject to Mr. Gorgas' continued service through the applicable vesting date, ratably over 48 months starting on August 29, 2019, such that the option will be fully vested on August 29, 2023.
[5] One Hundred percent (100%) of the Shares subject to the Option shall vest on the earlier to occur of (i) the date six (6) months from the Vesting Commencement Date or (ii) the date immediately preceding the 2020 annual meeting of stockholders, subject to Participant continuing to be a Service Provider through each such date.