v3.22.2.2
Stock Options (Tables)
12 Months Ended
Aug. 31, 2022
Stock Options  
Summary of continuity schedule of stock options

 

 

Options

 

 

Weighted

Average

Exercise

Price $

 

 

Weighted

Average

Remaining

Contractual

Term (Years)

 

 

Aggregate

Intrinsic

Value $

 

Balance August 31, 2020

 

 

171,604

 

 

 

11.17

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(50,344 )

 

 

10.76

 

 

 

 

 

 

 

Granted

 

 

161,600

 

 

 

5.41

 

 

 

 

 

 

 

Balance August 31, 2021

 

 

206,170

 

 

 

8.90

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(3,334 )

 

 

9.60

 

 

 

 

 

 

 

Granted

 

 

222,000

 

 

 

4.21

 

 

 

 

 

 

 

Balance August 31, 2022 (Outstanding)

 

 

424,836

 

 

 

6.45

 

 

 

3.69

 

 

 

5,175

 

Balance August 31, 2022 (Exercisable)

 

 

401,333

 

 

 

6.57

 

 

 

3.66

 

 

 

5,175

 

Schedule of stock options activity

 

 

Quantity

 

 

 

Exercise Price $

 

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

 

 

Quantity

 

 

 

Exercise Price $

 

Life (Years)

 

 

3,400

 

 

 

4.80

 

5

 

 

12,000

 

 

 

5.04

 

5

 

 

43,500

 

 

 

5.31

 

5

 

 

26,000

 

 

 

5.83

 

 

August 31, 2021

 

84,900

 

Average

 

5.41

 

5

Schedule of fair value of options granted

 

 

August 31

2022

 

 

August 31

2021

 

Expected volatility

 

98% –119

 

133% –134

Risk-free interest rate

 

0.78% - 3.30

 

0.42% – 0.85

Expected life

 

5 years

 

 

5 years

 

Dividend yield

 

 

0

 

 

 

0

 

Estimated fair value per option

 

$2.25 - $5.10

 

 

$4.00 – $4.86