Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Details 1)

v3.8.0.1
SHAREHOLDERS' EQUITY (Details 1) - $ / shares
12 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Aug. 31, 2015
Number of options      
Outstanding, beginning 36,000    
Granted 142,500    
Vested (31,000)    
Forfeited 0    
Outstanding, ending 147,500 36,000  
Weighted average grant date fair value      
Outstanding, beginning $ 2.89    
Granted 3.67 $ 2.89 $ 2.78
Vested 2.92    
Forfeited 0.00    
Outstanding, ending $ 3.64 $ 2.89