|
SHAREHOLDERS' EQUITY (Details Narrative) (USD $)
|
12 Months Ended | ||
|---|---|---|---|
|
Aug. 31, 2014
|
Aug. 31, 2013
|
Aug. 31, 2012
|
|
| Fair value of options vested | $ 219,200 | $ 48,700 | $ 66,000 |
| Weighted average grant date fair value of options granted | $ 4.09 | $ 3.80 | $ 1.23 |
| Stock-based compensation | 251,900 | 66,800 | 54,600 |
| Unrecognized share-based compensation cost | 417,700 | ||
| Options forfeited | 29,500 | ||
| Options expired | 65,000 | 48,000 | |
| 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 | ||
| 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.
|
| X | ||||||||||
|
- Definition
Custom Element. No definition available.
|
| X | ||||||||||
|
- Definition
Custom Element. No definition available.
|
| 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
Number of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- 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
|
| 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 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
|
| X | ||||||||||
|
- 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
|
| X | ||||||||||
|
- Definition
The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| 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
|