Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS (Parenthetical)

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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
Aug. 31, 2015
Aug. 31, 2014
Statement of Financial Position [Abstract]    
Interest payable $ 0 $ 80,847
Discount of tap participation fee payable to HP A&M $ 0 $ 4,100,000
Preferred stock; Series B- par value $ 0.001 $ 0.001
Preferred stock; Series B- shares authorized 25,000,000 25,000,000
Preferred stock; Series B- shares issued 432,513 432,513
Preferred stock; Series B- shares outstanding 432,513 432,513
Preferred stock; Series B- liquidation preference $ 432,513 $ 432,513
Common stock, par value $ 0.003333 $ 0.003333
Common stock, shares authorized 40,000,000 40,000,000
Common stock, shares issued 24,054,098 24,037,598
Common stock, shares outstanding 24,054,098 24,037,598