SHAREHOLDERS' EQUITY (Details Narrative) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Aug. 31, 2016 |
Aug. 31, 2015 |
Aug. 31, 2014 |
|
| Fair value of options vested | $ 216,900 | $ 280,700 | $ 219,200 |
| Weighted average grant date fair value of options granted | $ 2.89 | $ 2.78 | $ 4.09 |
| Stock-based compensation | $ 219,900 | $ 240,000 | $ 251,900 |
| Series B Preferred stock, liquidation preference value | $ 432,513 | $ 432,513 | |
| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Value of the difference between preference in liquidation and the par or stated values of the preferred shares. No definition available.
|
| X | ||||||||||
- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|