Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Details)

v2.4.0.8
SHAREHOLDERS' EQUITY (Details) (USD $)
12 Months Ended
Aug. 31, 2014
Number of options  
Outstanding, beginning 347,500
Granted 32,500
Exercised   
Forfeited or expired (65,000)
Outstanding, ending 315,000
Exercisable 215,833
Weighted average exercise price  
Outstanding, beginning $ 5.62
Granted $ 6.08
Exercised   
Forfeited or expired $ 8.23
Outstanding, ending $ 5.76
Exercisable $ 6.47
Weighted average remaining contractual term  
Outstanding, ending 6 years 3 months 26 days
Exercisable 4 years 7 months 2 days
Approximate aggregate intrinsic value  
Outstanding, ending $ 239,400
Exercisable $ 10,792