v3.22.2.2
SHAREHOLDERS’ EQUITY (Tables)
12 Months Ended
Aug. 31, 2022
Equity [Abstract]  
Schedule of options

The following table sets forth certain information as of August 31, 2022 and 2021 concerning common stock that may be issued upon the exercise of options not covered by the Amended 2008 Plan and pursuant to purchases of stock under the Amended 2008 Plan (All options are fully vested and exercisable at August 31, 2022 and 2021):

   Shares  

Weighted
Average
Exercise  

Price 

  

Weighted
Average
Remaining
Contractual
Life  

(In Years) 

  

Aggregate
Intrinsic  

Value 

 
Outstanding, vested and exercisable at August 31, 2021   1,763,500   $0.35    3.45   $2,028,025 
Options granted   174,000    0.60         
Options exercised   (420,000)   0.28         
Options cancelled/forfeited/expired   (40,000)   0.30         
                     
Outstanding, vested and exercisable at August 31, 2021   1,477,500    0.40    2.68   $1,523,430 
Options granted   120,000    0.30         
Options exercised   (820,000)   0.35         
Options cancelled/forfeited/expired   (257,500)   0.45         
                     
Outstanding, vested and exercisable at August 31, 2022   520,000   $0.31    2.79   $693,300 

 

Schedule of warrants

Warrant activity for the years ended August 31, 2021 and 2020 was as follows: 

   Shares  

Weighted
Average

Exercise  

Price  

  

Weighted
Average

Remaining

Contractual

Life  

(In Years)  

  

Aggregate
Intrinsic  

Value  

 
Outstanding and exercisable at August 31, 2020   3,318,038   $0.40    0.28   $3,649,842 
Warrants granted   10,000    0.01           
Warrants exercised   (76,000)   0.33           
Warrants cancelled/forfeited/expired   (3,218,038)   0.10         
                     
Outstanding and exercisable at August 31, 2021   34,000   $0.10    1.2   $45,660 
Warrants granted                
Warrants exercised   (6,000)   0.20         
Warrants cancelled/forfeited/expired   (16,000)   0.10         
Outstanding and exercisable at August 31, 2022   12,000   $0.04    1.0   $23,780