Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.19.1
SHAREHOLDERS' EQUITY (Tables)
6 Months Ended
Feb. 28, 2019
SHAREHOLDERS' EQUITY [Abstract]  
Stock Option Activity
The following table summarizes the combined stock option activity for the 2004 Incentive Plan and 2014 Equity Plan for the six months ended February 28, 2019:

   
Number
of Options
   
Weighted Average
Exercise Price
   
Weighted Average
Remaining
Contractual Term
   
Approximate
Aggregate
Intrinsic Value
 
Outstanding at August 31, 2018
   
535,500
   
$
5.31
     
6.04
   
$
3,180,990
 
Granted (1)
   
82,500
   
$
10.48
                 
Exercised
   
(37,500
)
 
$
3.06
                 
Forfeited or expired
   
   
$
                 
Outstanding at February 28, 2019
   
580,500
   
$
6.19
     
6.50
   
$
2,343,935
 
                                 
Options exercisable at February 28, 2019
   
428,000
   
$
5.30
     
5.65
   
$
2,069,419
 

(1)
Includes 50,000 shares granted to Mr. Harding on September 26, 2018 and 32,500 total shares granted to non-employee directors on January 16, 2019.
Value of Non-vested Options
The following table summarizes the combined activity and value of non-vested options under the 2004 Equity Plan and 2014 Incentive Plan as of and for the six months ended February 28, 2019:

   
Number
of Options
   
Weighted Average
Grant Date
Fair Value
 
Non-vested options outstanding at August 31, 2018
   
155,833
   
$
3.76
 
Granted
   
82,500
     
4.60
 
Vested
   
(85,834
)
   
3.46
 
Forfeited
   
     
 
Non-vested options outstanding at February 28, 2019
   
152,499
   
$
4.03