7. SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Aug. 31, 2019

Equity [Abstract]

Schedule of dividends declared and paid

The details of dividend paid are in the following tables:

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	2/06/2017		17,233,758		0.05		861,688
5/08/2017	5/15/2017		17,240,626		0.05		862,031
7/28/2017	8/04/2017		17,268,920	$	0.05		863,446
Total						$	3,448,489

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

FY2019

Record Date	Distribution Date	Number of Shares Outstanding on Record Date		Dividend per Share		Total Amount
11/01/2018	11/08/2018		17,417,875	$	0.06	$	1,045,073
1/25/2019	2/1/2019		17,481,450		0.06		1,048,887
4/24/2019	5/1/2019		17,515,228		0.06		1,050,914
7/25/2019	8/1/2019		17,536,454	$	0.06		1,052,181
Total						$	4,197,055

Schedule of stock option activity

The following table summarizes information about stock options:

Transactions in FY17	Number of Options			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2016		947,500		$	7.50		7.73
Granted		434,916			10.18
Exercised		(49,642	)		3.56
Cancelled/Forfeited		(83,648	)		8.68
Outstanding, August 31, 2017		1,249,126		$	8.51		7.74
Exercisable, August 31, 2017		401,485		$	6.45		5.59
Vested and Expected to Vest, August 31, 2017		1,144,405		$	8.41		7.63

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		7.74
Granted		52,000			22.36
Exercised		(130,006	)		5.97
Canceled/Forfeited		(30,144	)		9.10
Expired		(6,000	)		5.06
Outstanding, August 31, 2018		1,134,976		$	9.44		7.31
Vested and Exercisable, August 31, 2018		483,696		$	7.79		6.48
Vested and Expected to Vest, August 31, 2018		1,069,807		$	9.35		7.26

Transactions in FY19	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		263,500			22.78
Exercised		(166,703	)		7.15
Canceled/Forfeited		(68,514	)		12.17
Expired
Outstanding, August 31, 2019		1,163,259		$	12.63		7.13
Vested and Exercisable, August 31, 2019		515,394		$	8.57		6.09
Vested and Expected to Vest, August 31, 2019		1,101,800		$	12.39		7.07

Intrinsic Value of options outstanding and options exercisable

	Intrinsic Value of Options Outstanding		Intrinsic Value of Options Exercisable		Intrinsic Value of Options Exercised
FY17	$	7,479,068	$	3,232,356	$	479,713
FY18	$	13,064,884	$	6,315,086	$	1,495,313
FY19	$	27,312,742	$	14,194,724	$	3,224,454

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
$	6.75	$	8.00		230,133		5.0 years	$	6.85		228,133		5.0 years	$	6.85
$	8.01	$	16.00		636,976		7.0 years	$	9.96		287,261		7.0 years	$	9.93
$	16.01	$	24.00		248,150		8.8 years	$	20.66		–		–		–
$	24.01	$	34.23		48,000		9.9 years	$	34.23		–		–		–
					1,163,259		7.1 years	$	12.63		515,394		6.1 years	$	8.57