Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Details 1)

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INCOME TAXES (Details 1) (USD $)
12 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2012
Income Taxes Details 1      
Expected benefit from federal taxes at statutory rate of 34% $ (105,900) $ (1,411,200) $ (5,922,300)
State taxes, net of federal benefit (10,300) (137,000) (574,800)
Expiration of net operating losses 89,400 147,400 90,000
Permanent and other differences 4,175,300 27,400 25,800
Change in valuation allowance (4,148,500) 1,373,400 6,381,300
Total income tax expense / benefit