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Stock Options (Tables)

12 Months Ended

Aug. 31, 2023

Stock Options

Summary of continuity schedule of stock options

Options			Weighted Average Exercise Price				Contractual Life (years)
41,200			$	1.96			5
5,000			$	2.73			5
3,400			$	3.04			5
20,000			$	0.87			5
69,600			$	1.75			(Avg. Contractual Life) 5

Schedule of stock options activity

The Company granted the following stock options during the year ending August 31, 2022:

			Quantity						Exercise Price $			Contractual Life (years)
			81,800						6.23			5
			36,700						3.39			5
			103,500						2.91			5
August 31, 2022			222,000			Average			4.21			5

Schedule of fair value of options granted

		Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value
Balance August 31, 2021			206,170			$	8.90
Cancelled/expired			(3,334	)			9.60
Granted			222,000				4.21
Balance August 31, 2022			424,836				6.45
Cancelled/expired			(47,500	)			2.98
Granted			69,600				1.75
Balance August 31, 2023 (Outstanding)			446,936			$	3.32				3.25			$	3,600
Balance August 31, 2023 (Exercisable)			435,186			$	3.32				3.25			$	3,600

		August 31 2023				August 31 2022
Expected volatility			93%-105	%			98% – 119	%
Risk-free interest rate			3.30%-4.69	%			0.78% – 3.30	%
Expected life			2.5 – 5 years				5 years
Dividend yield			0	%			0	%
Estimated fair value per option			0.33 – 2.32				$2.25 – $5.10

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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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.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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