Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Details Narrative)

v2.4.0.8
SHAREHOLDERS' EQUITY (Details Narrative) (USD $)
12 Months Ended 12 Months Ended 1 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2011
Aug. 31, 2013
Stock Options
Aug. 31, 2012
Stock Options
Aug. 31, 2013
Equity Plan
Aug. 31, 2011
Par - Related Party
Convertible Notes Payable [Member]
Sep. 28, 2010
Par - Related Party
Convertible Notes Payable [Member]
Aug. 31, 2013
Management
Stock Options
Jan. 31, 2013
Directors
Stock Options
Jan. 31, 2012
Directors
Stock Options
Jan. 31, 2011
Directors
Stock Options
Jan. 31, 2011
Directors
Stock Options - Tranche 1
Jan. 31, 2011
Directors
Stock Options - Tranche 2
Notes payable - related party               $ 5,200,000            
Interest rate 5.00%             10.00%            
Shares issued upon conversion             1,982,099              
Interest accrued             151,700              
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                          
Threshold Export Water rights 36,026,232                          
Series B Preferred stock, liquidation preference value 432,513 432,513                        
Shares reserved for issuance under the Equity Plan           1,600,000                
Shares available for issuance           1,218,311                
Options forfeited         29,500                  
Options expired         48,000                  
Options granted       132,500         100,000 32,500 12,500 17,500 12,500 5,000
Yearly vesting percentage of options, beginning one year from grant date                 33.00% 100.00% 100.00%   100.00% 50.00%
Option term                 10 years 10 years 10 years 10 years    
Fair value method                 Black-Scholes Black-Scholes Black-Scholes Black-Scholes    
Weighted average exercise price       $ 5.21         $ 5.88 $ 3.15 $ 1.85 $ 3.67    
Estimated dividend rate                 0.00% 0.00% 0.00% 0.00%    
Weighted average risk-free interest rate                 2.71% 1.84% 1.87% 3.37%    
Weighted average stock price volatility                 63.60% 69.20% 73.29% 84.70%    
Estimated forfeiture rate                 0.00% 0.00% 0.00% 0.00%    
Stock-based compensation 66,812 54,588 94,550           427,100 76,800 15,400 54,500    
Fair value of options vested 48,700 66,000 74,700                      
Weighted average grant date fair value of options granted $ 3.80 $ 1.23 $ 3.11 $ 3.80                    
Unrecognized stock compensation cost $ 453,700                          
Warrants outstanding 92                          
Warrant exercise price 1.80