Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Details 1)

v3.5.0.2
SHAREHOLDERS' EQUITY (Details 1) - $ / shares
12 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2014
Number of options      
Outstanding, beginning 59,333    
Granted 36,000    
Vested (59,333)    
Forfeited 0    
Outstanding, ending 36,000 59,333  
Weighted average grant date fair value      
Outstanding, beginning $ 3.66    
Granted 2.89 $ 2.78 $ 4.09
Vested 3.66    
Forfeited 0.00    
Outstanding, ending $ 2.89 $ 3.66