Quarterly report pursuant to Section 13 or 15(d)

1. PRESENTATION OF INTERIM INFORMATION (Details 2)

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1. PRESENTATION OF INTERIM INFORMATION (Details 2) - USD ($)
Nov. 30, 2017
Aug. 31, 2017
Assets    
Deferred tax assets (Deferred revenue)   $ 316,400
Deferred tax assets-Valuation Allowance (Deferred revenue)   (316,400)
Liabilities    
Deferred revenues $ 0 55,800
Deferred revenues, less current portion 0 999,249
Deferred oil and gas lease payment 55,733 0
Deferred oil and gas lease payment, less current portion 102,177 0
Equity    
Accumulated deficit (103,035,462) (103,993,900)
Adjustments Due to ASU 2014-09    
Assets    
Deferred tax assets (Deferred revenue)   (316,400)
Deferred tax assets-Valuation Allowance (Deferred revenue)   316,400
Liabilities    
Deferred revenues   (55,800)
Deferred revenues, less current portion   (999,249)
Equity    
Accumulated deficit   1,055,049
Balance at September 1, 2017    
Assets    
Deferred tax assets (Deferred revenue)   0
Deferred tax assets-Valuation Allowance (Deferred revenue)   0
Liabilities    
Deferred revenues   0
Deferred revenues, less current portion   0
Equity    
Accumulated deficit   $ (102,938,851)
Amounts that would have been reported under ASC 605    
Liabilities    
Deferred revenues [1] 55,800  
Deferred revenues, less current portion 999,249  
Deferred oil and gas lease payment [1] 55,733  
Deferred oil and gas lease payment, less current portion [1] 102,177  
Equity    
Accumulated deficit [1] (104,076,559)  
Effect of Change Higher/(Lower)    
Liabilities    
Deferred revenues (55,800)  
Deferred revenues, less current portion (999,249)  
Deferred oil and gas lease payment 0  
Deferred oil and gas lease payment, less current portion 0  
Equity    
Accumulated deficit $ 1,041,097  
[1] Inclusive of the Bison Lease deferred oil and gas lease payment and water tap and construction fee deferred revenues as described in the 2017 Annual Report.