Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Details)

v2.4.0.8
SHAREHOLDERS' EQUITY (Details) (Stock Options, USD $)
12 Months Ended
Aug. 31, 2013
Stock Options
 
Number of options  
Outstanding, beginning 215,000
Granted 132,500
Exercised   
Forfeited or expired   
Outstanding, ending 347,500
Exercisable 215,000
Weighted average exercise price  
Outstanding, beginning $ 5.88
Granted $ 5.21
Exercised   
Forfeited or expired   
Outstanding, ending $ 5.62
Exercisable $ 5.90
Weighted average remaining contractual term  
Outstanding, ending 6 years 11 months 23 days
Exercisable 4 years 10 months 20 days
Approximate aggregate intrinsic value  
Outstanding, ending $ 145,559
Exercisable $ 121,265