7. SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Nov. 30, 2018

Equity [Abstract]

Schedule of dividends declared and paid

Dividend

The Company’s Board of Directors declared cash dividends during fiscal years 2019 and 2018. The details of the dividends paid are in the following tables:

FY2019
Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/1/2018	11/08/2018		17,417,875	$	0.06	$	1,045,073
Total						$	1,045,073

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
4/25/2018	5/2/2018		17,354,005	$	0.06	$	1,041,240
7/26/2018	8/2/2018		17,405,775	$	0.06	$	1,044,347
Total						$	4,161,740

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, 2018		1,134,976		$	9.44		7.31
Granted		12,000		$	22.24
Exercised		(41,103	)	$	9.15
Cancelled/Forfeited		(25,027	)	$	9.89
Outstanding, November 30, 2018		1,080,846		$	9.58		7.04
Exercisable, November 30, 2018		454,006		$	7.79		6.20

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		36,000		.35 years	$	1.00		36,000		.35 years	$	1.00
$	4.01	$	8.00		267,890		5.76 years	$	6.85		207,400		5.77 years	$	6.85
$	8.01	$	12.00		704,840		7.76 years	$	9.87		206,440		7.61 years	$	9.79
$	12.01	$	16.00		12,916		8.72 years	$	14.44		4,166		8.73 years	$	14.46
$	16.01	$	20.00		7,200		3.96 years	$	17.71		0		–	$	–
$	20.01	$	23.75		52,000		8.51 years	$	23.40		–		–		–
					1,080,846		7.04 years	$	9.58		454,006		6.20 years	$	7.79