Quarterly report pursuant to Section 13 or 15(d)

5. SHAREHOLDERS' EQUITY (Details)

v3.5.0.2
5. SHAREHOLDERS' EQUITY (Details)
9 Months Ended
May 31, 2016
USD ($)
$ / shares
shares
Number of options  
Outstanding, beginning | shares 312,000
Granted | shares 36,000
Exercised | shares 0
Forfeited or expired | shares (10,000)
Outstanding, ending | shares 338,000
Exercisable | shares 268,667
Weighted average exercise price  
Outstanding, beginning | $ / shares $ 6.61
Granted | $ / shares 4.26
Exercised | $ / shares 0
Forfeited or expired | $ / shares 13.25
Outstanding, ending | $ / shares 4.77
Exercisable | $ / shares $ 4.70
Weighted average remaining contractual term  
Outstanding, ending 5 years 11 months 8 days
Exercisable 5 years 5 months 18 days
Approximate aggregate intrinsic value  
Outstanding, ending | $ $ 185,660
Exercisable | $ $ 177,360