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5. SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Feb. 28, 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
Oustanding at August 31, 2016			338,000			$	4.83
Granted			142,500				5.47
Exercised			—				—
Forfeited or expired			—				—
Outstanding at February 28, 2017			480,500			$	4.98				6.59			$	304,765
Options exercisable at February 28, 2017			333,000			$	4.78				5.24			$	297,640

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			$	4.59
Granted			142,500				3.67
Vested			(31,000	)			2.95
Forfeited			—				—
Non-vested options outstanding at February 28, 2017			147,500			$	3.52

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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=6415400&loc=d3e5070-113901

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- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ 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)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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