Quarterly report pursuant to Section 13 or 15(d)

5. SHAREHOLDERS' EQUITY (Tables)

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5. SHAREHOLDERS' EQUITY (Tables)
6 Months Ended
Feb. 28, 2015
Shareholders Equity Tables  
Schedule of stock option activity
    Number of Options     Weighted-Average Exercise Price     Weighted-Average Remaining Contractual Term     Approximate Aggregate Instrinsic Value  
Oustanding at beginning of period     315,000     $ 5.76              
Granted     26,000     $ 4.17              
Exercised     -       -              
Forfeited or expired     -       -              
Outstanding at February 28, 2015     341,000     $ 5.07       6.43       -  
                                 
Options exercisable at February 28, 2015     248,333     $ 4.95       5.52       -  
Schedule of activity and value of non-vested options
    Number of Options     Weighted-Average Grant Date Fair Value  
      99,167     $ 4.85  
Granted     26,000       2.78  
Vested     (32,500 )     4.19  
Forfeited     -       -  
      92,667     $ 3.90