Annual report pursuant to Section 13 and 15(d)

ORGANIZATION (Details Narrative)

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ORGANIZATION (Details Narrative) (USD $)
12 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2010
Organization Details Narrative        
Cash and cash equivalents $ 2,448,363 $ 1,623,517 $ 71,795 $ 12,017
Working capital 4,500,000      
Sale of common stock held as collateral $ 3,420,000      
Shares of common stock held as collateral sold during the period 1,500,000      
Sale price of shares sold $ 2.35