Annual report pursuant to Section 13 and 15(d)

EQUITY (Tables)

v3.20.2
EQUITY (Tables)
12 Months Ended
Aug. 31, 2020
Equity [Abstract]  
Schedule of activity warrants outstanding

 

 

 

 

 

 

 

 

Weighted

 

 

 

Number of

 

 

Weighted Average

 

 

Average

 

 

 

shares

 

 

Exercise Price

 

 

Life (years)

 

Outstanding, August 31, 2018

 

 

495,306

 

 

$ 10.40

 

 

 

4.23

 

Granted

 

 

1,839,631

 

 

 

7.51

 

 

 

4.85

 

Forfeited

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Outstanding, August 31, 2019

 

 

2,334,937

 

 

$ 8.12

 

 

 

4.30

 

Granted

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Outstanding, August 31, 2020

 

 

2,334,937

 

 

$ 8.12

 

 

 

3.30

 

Schedule of assumptions to value the stock options

 

 

 

Year Ended

 

 

Year Ended

 

 

 

August 31,

 

 

August 31,

 

 

 

2020

 

 

2019

 

Expected term

 

5 years

 

 

5 years

 

Expected average volatility

 

 

155 %

 

 

158 %

Expected dividend yield

 

 

 

 

 

 

Risk-free interest rate

 

1.67

 %

 

 

1.40 %
Schedule of stock option activity

 

 

 

Options Outstanding

 

 

Weighted Average

 

 

 

Number of

 

 

Weighted Average

 

 

Remaining life

 

 

 

Options

 

 

Exercise Price

 

 

(years)

 

 

 

 

 

 

 

 

 

 

 

Outstanding, August 31, 2018

 

 

50,000

 

 

$ 10.80

 

 

$ 9.97

 

Granted

 

 

184,000

 

 

 

2.01

 

 

 

10.00

 

Exercised

 

 

 

 

 

 

 

 

 

Forfeited/canceled

 

 

 

 

 

 

 

 

 

Outstanding, August 31, 2019

 

 

234,000

 

 

$ 3.88

 

 

$ 9.78

 

Granted

 

 

74,000

 

 

 

2.48

 

 

 

10.00

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

Forfeited/canceled

 

 

(26,166 )

 

 

3.31

 

 

 

9.58

 

Outstanding, August 31, 2020

 

 

281,834

 

 

$ 3.57

 

 

$ 8.90

 

Schedule of exercisable stock options outstanding

Options Outstanding

 

 

Options Exercisable

 

Number of

 

 

Weighted Average Remaining

 

 

Weighted Average

 

 

Number of

 

 

Weighted Average

 

Options

 

 

Contractual life (in years)

 

 

Exercise Price

 

 

Shares

 

 

Exercise Price

 

 

46,084

 

 

 

7.97

 

 

$ 10.80

 

 

 

31,999

 

 

$ 10.80

 

 

2,500

 

 

 

8.88

 

 

$ 3.12

 

 

 

2,500

 

 

$ 3.12

 

 

159,250

 

 

 

9.00

 

 

$ 1.99

 

 

 

103,006

 

 

$ 1.99

 

 

50,000

 

 

 

9.27

 

 

$ 2.65

 

 

 

10,000

 

 

$ 2.65

 

 

24,000

 

 

 

9.29

 

 

$ 2.12

 

 

 

4,000

 

 

$ 2.12

 

 

281,834

 

 

 

8.90

 

 

 

3.57

 

 

 

151,505

 

 

 

3.92