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SHAREHOLDERS' EQUITY (Tables) | 12 Months Ended
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Aug. 31, 2017
Shareholders Equity Tables |
Schedule of stock option activity |
|  | Number of Options |  |  | Weighted-Average Exercise Price |  |  | Weighted-Average Remaining Contractual Term |  |  | Approximate Aggregate Intrinsic Value |
Outstanding at August 31, 2016 |  |  | 338,000 |  |  | $ | 4.77 |  |  |  |  |  |  |
Granted |  |  | 142,500 |  |  | $ | 5.47 |  |  |  |  |  |  |
Exercised |  |  | - |  |  | $ | - |  |  |  |  |  |  |
Forfeited or expired |  |  | (15,000 | ) |  | $ | 7.88 |  |  |  |  |  |  |
Outstanding at August 31, 2017 |  |  | 465,500 |  |  | $ | 4.88 |  |  |  | 6.30 |  |  | $ | 1,007,740 |
Options exercisable at August 31, 2017 |  |  | 318,000 |  |  | $ | 4.63 |  |  |  | 4.98 |  |  | $ | 1,358,140 |
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, 2016 |  |  | 36,000 |  |  | $ | 2.89 |
Granted |  |  | 142,500 |  |  |  | 3.67 |
Vested |  |  | (31,000 | ) |  |  | 2.92 |
Forfeited |  |  | - |  |  |  | - |
Non-vested options outstanding at August 31, 2017 |  |  | 147,500 |  |  | $ | 3.64 |

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
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