SHAREHOLDERS' EQUITY (Details Narrative) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Aug. 31, 2015 |
Aug. 31, 2014 |
Aug. 31, 2013 |
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| Fair value of options vested | $ 280,700 | $ 219,200 | $ 48,700 |
| Weighted average grant date fair value of options granted | $ 2.78 | $ 4.09 | $ 3.80 |
| Stock-based compensation | $ 240,000 | $ 251,900 | $ 66,800 |
| Unrecognized share-based compensation cost | $ 216,900 | ||
| Options expired | 65,000 | ||
| Warrant outstanding | 92 | ||
| Warrant exercise price | $ 1.80 | ||
| Series B Preferred stock, liquidation preference per share | $ 1.00 | ||
| Series B Preferred stock, redemption price per share |
1.00 per share less any dividends previously paid |
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| Threshold Export Water rights | $ 36,026,232 | ||
| Series B Preferred stock, liquidation preference value | $ 432,513 | $ 432,513 | |
| 2014 Incentive Plan | |||
| Number of shares authorized under plan | 1,600,000 | ||
| X | ||||||||||
- Definition Custom Element. No definition available.
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- Definition Custom Element. No definition available.
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- 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
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value of the difference between preference in liquidation and the par or stated values of the preferred shares. No definition available.
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- Definition The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of options or other stock instruments for which the right to exercise has lapsed under the terms of the plan agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- 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
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- Details
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