|
6. SHAREHOLDERS' EQUITY (Narrative) (USD $)
|
9 Months Ended |
|---|---|
|
May 31, 2014
|
|
| Fair value of options granted | $ 130,781 |
| Assumptions used | |
| Pricing model | Black-Scholes option-pricing model |
| Dividend yield | 3.14% |
| Pre-vest forfeiture rate | 6.25% |
| Expeceted volatility | 38.95% |
| Risk-free interest rate | 1.36% |
| Expected life | 5 years |
| Qualified incentive stock options | 466,000 |
| Non-qualified stock options | 45,600 |
| Weighted-average remaining contractual life of options outstanding | 4 years 2 months 9 days |
|
Minimum [Member]
|
|
| Assumptions used | |
| Exercise prices | $ 1.00 |
| Exercise prices of Non-qualified stock options | $ 1.67 |
| Exercise prices for the options outstanding | $ 1.00 |
|
Maximum [Member]
|
|
| Assumptions used | |
| Exercise prices | $ 5.61 |
| Exercise prices of Non-qualified stock options | $ 6.68 |
| Exercise prices for the options outstanding | $ 6.68 |