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6. SHAREHOLDERS' EQUITY (Tables)
9 Months Ended
May 31, 2017
Schedule of dividends declared and paid

FY2017  
Record Date   Distribution Date     Number of Shares Outstanding on Record Date       Dividend per Share       Total Amount  
11/10/2016   11/17/2016     17,226,478     $ 0.05     $ 861,324  
1/30/2017   2/6/2017     17,233,758     $ 0.05     $ 861,688  
5/08/2017   5/15/2017     17,240,626     $ 0.05     $ 862,031  
Total                       $ 2,585,043  

 

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  
8/11/2016   8/18/2016     17,221,978     $ 0.05     $ 861,099  
Total                       $ 3,413,274  

 

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       67,000       1.85 years     $ 1.00       67,000       1.85 years     $ 1.00  
$ 3.01     $ 4.50       20,000       1.10 years     $ 3.16       20,000       1.10 years     $ 3.16  
$ 4.51     $ 6.00       70,000       1.66 years     $ 5.52       70,000       1.66 years     $ 5.52  
$ 6.01     $ 7.50       341,040       7.28 years     $ 6.86       136,620       7.30 years     $ 6.86  
$ 7.51     $ 9.00       10,000       9.25 years     $ 8.62                 $  
$ 9.01     $ 10.06       811,820       9.26 years     $ 9.89       78,380       8.79 years     $ 9.72  
                  1,319,860       7.85 years     $ 8.32       372,000       5.24 years     $ 5.96  
Incentive Stock Options (ISOs) [Member]  
Schedule of stock option activity
Transactions in FY17   Number of Options     Weighted-Average Exercise Price
Per Share
    Weighted-Average Remaining Contractual Life  
Outstanding, August 31, 2016     894,750     $ 7.54       7.72  
Granted     404,582     $ 10.05          
Exercised     (9,892 )   $ 7.00          
Cancelled/Forfeited     (16,748 )   $ 9.24          
Outstanding, May 31, 2017     1,272,692     $ 8.32       7.82  
Exercisable, May 31, 2017     359,000     $ 5.96       5.18  
Non-Qualified Stock Options (NQSOs) [Member]  
Schedule of stock option activity
Transactions in FY17   Number of Options     Weighted-Average Exercise Price
Per Share
    Weighted-Average Remaining Contractual Life  
Outstanding, August 31, 2016     52,750     $ 6.88       8.07  
Granted     17,418     $ 10.05          
Exercised     (9,500 )   $ 5.88          
Cancelled/Forfeited     (13,500 )   $ 7.43          
Outstanding, May 31, 2017     47,168     $ 8.10       8.61  
Exercisable, May 31, 2017     13,000     $ 5.78       6.90