17. Subsequent Events	3 Months Ended
Nov. 30, 2019
Notes
17. Subsequent Events	17. SUBSEQUENT EVENTS Repurchase of common shares Subsequent to the fiscal period ended November 30, 2019, the Company repurchased for cancelation a total of 490,120 common shares from two large shareholders, including an officer and director of the Company. The shares were repurchased privately at a price of $7.89 per share, calculated as the Volume Weighted Average Price (VWAP) of all the shares traded on NASDAQ during the first quarter of fiscal 2020. The total cost of the share repurchases was $3,867,047. Termination of Stock Option Plan Subsequent to the period ended November 30, 2019, the Company’s Board of Directors approved the termination of the Stock Option Program. No Stock Options have been granted or are outstanding as of January 14, 2020.

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774

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