Quarterly report pursuant to Section 13 or 15(d)

5. SHAREHOLDERS' EQUITY (Tables)

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5. SHAREHOLDERS' EQUITY (Tables)
 3 Months Ended
Nov. 30, 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     312,000     $ 6.61              
Granted     -       -              
Exercised     -       -              
Forfeited or expired     -       -              
Outstanding at November 30, 2015     312,000     $ 6.61       5.93     $ 266,720  
                                 
Options exercisable at November 30, 2015     252,667     $ 5.09       5.37     $ 243,320  
Schedule of activity and value of non-vested options
    Number of Options     Weighted-Average Grant Date Fair Value  
Non-vested options oustanding at beginning of period     59,333     $ 4.59  
Granted     -       -  
Vested     -       -  
Forfeited     -       -  
Non-vested options outstanding at November 30, 2015     59,333     $ 4.59