Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 1)

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INCOME TAXES (Details 1) (USD $)
12 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2011
Effective income tax:      
Expected benefit from federal taxes at statutory rate $ (1,411,200) $ (5,922,300) $ (2,045,500)
State taxes, net of federal benefit (137,000) (574,800) (198,500)
Expiration of net operating losses 147,400 90,000 121,000
Permanent and other differences 27,400 25,800 37,800
Change in valuation allowance 1,373,400 6,381,300 2,085,200
Total income tax expense/benefit