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6. SHAREHOLDERS' EQUITY (Tables)
9 Months Ended
May 31, 2016
Schedule of dividends declared and paid

FY2015
Record Date  Distribution Date  Number of Shares Outstanding on Record Date   Dividend per Share   Total Amount 
11/7/2014  11/14/2014   16,841,114   $0.05   $842,056 
1/26/2015  2/2/2015   16,852,117   $0.05   $842,606 
5/11/2015  5/18/2015   16,875,117   $0.05   $843,754 
7/23/2015  7/30/2015   16,943,001   $0.05   $847,150 
Total               $3,375,566 

 

 

FY2016
Record Date  Distribution Date  Number of Shares Outstanding on Record Date   Dividend per Share   Total Amount 
11/09/2015  11/16/2015   16,996,001   $0.05   $849,800 
1/29/2016  02/05/2016   17,018,001   $0.05   $850,900 
5/02/2016  5/09/2016   17,029,051   $0.05   $851,475 
Total               $2,552,175 

Schedule of options by exercise price range
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       88,000       2.30 years     $ 1.03       88,000       2.30 years     $ 1.03  
$ 1.51     $ 3.00       3,600       3.94 years     $ 2.2       3,600       3.94 years     $ 2.20  
$ 3.01     $ 4.50       28,500       3.12 years     $ 3.35       28,500       3.12 years     $ 3.35  
$ 4.51     $ 6.00       74,000       2.91 years     $ 5.48       41,600       2.96 years     $ 5.42  
$ 6.01     $ 7.50       367,200       8.22 years     $ 6.85       79,090       7.91 years     $ 6.86  
$ 7.50     $ 9.82       404,300       9.76 years     $ 9.71       0              
                  965,600       7.75 years     $ 7.29       240,790       4.49 years     $ 3.99  
Incentive Stock Options (ISOs) [Member]  
Schedule of stock option activity
Transactions in FY16  Number of Options   Weighted-Average Exercise Price
Per Share
   Weighted-Average Remaining Contractual Life 
Outstanding, August 31, 2015   621,000   $5.01    6.10 
Granted   412,100   $9.71      
Exercised   (89,363)  $1.48      
Cancelled/Forfeited   (27,487)  $7.66      
Outstanding, May 31, 2016   916,250   $7.39    7.79 
Exercisable, May 31, 2016   213,590   $3.90    4.22 
Non-Qualified Stock Options (NQSOs) [Member]  
Schedule of stock option activity
Transactions in FY16  Number of Options   Weighted-Average Exercise Price
Per Share
   Weighted-Average Remaining Contractual Life 
Outstanding, August 31, 2015   49,350   $5.52    7.78 
Granted   0   $0.00      
Exercised   0   $0.00      
Outstanding, May 31, 2016   49,350   $5.52    6.99 
Exercisable, May 31, 2016   27,200   $4.70    5.56