6. SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Feb. 28, 2018

Equity [Abstract]

Schedule of dividends declared and paid

FY2018
Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/13/2017	11/20/2017	17,284,792	$	0.06	$	1,037,088
1/26/2018	2/2/2018	17,317,752		0.06		1,039,065
Total					$	2,076,153

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
7/28/2017	8/4/2017	17,268,920		0.05		863,446
Total					$	3,448,489

Schedule of stock option activity

Transactions in FY18	Number of Options			Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life
Outstanding, August 31, 2017		1,249,126		$	8.51		7.52
Granted		12,000		$	17.71
Exercised		(43,085	)	$	5.53
Cancelled/Forfeited		(13,505	)	$	8.95
Expired		(6,000	)		5.06
Outstanding, February 28, 2018		1,198,536		$	8.72		7.42
Exercisable, February 28, 2018		509,315		$	7.58		6.43

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	$	4.00		42,000		1.10 years	$	1.00		42,000		1.10 years	$	1.00
$	4.01	$	8.00		362,000		5.85 years	$	6.68		237,795		5.49 years	$	6.59
$	8.51	$	12.00		769,620		8.52 years	$	9.87		229,520		8.38 years	$	9.81
$	12.01	$	16.00		12,916		9.47 years	$	14.44		0		–	$	–
$	16.51	$	17.71		12,000		4.71 years	$	17.71		0		–	$	–
					1,198,536		7.42 years	$	8.72		509,315		6.43 years	$	7.58