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5. SHAREHOLDERS' EQUITY (Tables)
6 Months Ended
Feb. 28, 2013
Equity [Abstract]  
Details of dividend paid

 

Record Date Distribution Date Number of Shares Outstanding on Record Date Dividend per Share Total Amount
02/21/2012 03/01/2012 15,813,844 $0.05 $790,692
04/27/2012 05/08/2012 15,923.019 $0.05 $796,151
08/07/2012 08/10/2012 15,923.019 $0.05 $796,151
Total       $2,382,994

 

 

Record Date Distribution Date Number of Shares Outstanding on Record Date Dividend per Share Total Amount
11/08/2012 11/13/2012 15,927,806 $0.05 $796,390
12/24/2012 12/28/2012 16,021,309 $0.14* $2,242,983
Total       $3,039,373

 

*As a tax benefit to our shareholders considering the increase in federal income tax for capital gains in 2013, the Board of Directors declared an accelerated cash dividend, $0.14 per share, on December 14, 2012, consisting of all of the planned February 2013 distribution of $0.05 per share, plus $0.03 per share of the planned $0.05 per share per quarter for the remaining three fiscal quarters ending in calendar year 2013.

Summary of the stock option transactions

Qualified Incentive Stock Options (Qualified ISO)

As of February 28, 2013, employees hold Qualified ISO to purchase 556,800 shares of common stock at exercise prices ranging from $1.00 to $5.06 which were granted prior to February 28, 2013.

 

Transactions in FY13

Number of Options  

Weighted-Average Exercise Price

Per Share

Weighted-Average Remaining Contractual Life
         
Outstanding, August 31, 2012 689,800   $           1.74  
Granted 20,000   $           5.06  
Exercised (153,000)   $           1.84  
Outstanding, February 28, 2013 556,800   $           1.84 4.57
Exercisable, February 28, 2013 370,000   $           1.52 4.22

 

Non-Qualified Incentive Stock Options (Non-Qualified ISO)

As of February 28, 2013, the outside members of the Board of Directors hold options to purchase 36,600 shares of common stock at exercise prices ranging from $1.67 to $6.68, which were granted prior to February 28, 2013.

 

Transactions in FY13

Number of Options  

Weighted-Average Exercise Price

Per Share

Weighted-Average Remaining Contractual Life
         
Outstanding, August 31, 2012 36,600   $           3.47  
Outstanding, February 28, 2013 36,600   $           3.47 7.64
Exercisable, February 28, 2013 19,400   $           3.14 6.49

 

Exercise prices for the options outstanding

Exercise Price Awards Outstanding Awards Exercisable
Low High Quantity Weighted Average Remaining Contractual Life Weighted Average Exercise Price Quantity Weighted Average Remaining Contractual Life Weighted Average Exercise Price
$1.00 $1.50 357,700 4.5 years $1.07 286,900 4.1 years $1.08
$1.51 $3.00 54,600 7.0 years $2.37 22,200 6.8 years $2.20
$3.01 $4.50 157,100 4.7 years $3.26 76,300   4.6 years $3.10
$4.51 $6.68 24,000 4.5 years $5.33 4,000   4.5 years $6.68
    593,400 4.8 years $1.94 389,400 4.3 years $1.60