Annual report pursuant to Section 13 and 15(d)

Statements of Shareholders' Equity and Comprehensive Income (Loss)

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Statements of Shareholders' Equity and Comprehensive Income (Loss) (USD $)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Retained Earnings [Member]
Total
Balance at Aug. 31, 2009            
Share-based compensation     $ 87,639     $ 87,639
Unrealized loss on investments       (5,566)   (5,566)
Net loss         (5,391,262) (5,391,262)
Comprehensive loss           (5,396,828)
Balance at Aug. 31, 2010 433 67,360 92,341,555 (1,580) (49,947,769) 42,459,999
Balance (in Shares) at Aug. 31, 2010 432,513 20,206,566        
Sale of common stock, less fees and expenses of approximately $145,200   6,163 5,395,442     5,401,605
Sale of common stock, less fees and expenses of approximately $145,200 (in Shares)   1,848,931        
Issuance of restricted common stock upon conversion of Convertible Debt   6,607 5,345,060     5,351,667
Issuance of restricted common stock upon conversion of Convertible Debt (in Shares)   1,982,099        
Share-based compensation     94,550     94,550
Unrealized loss on investments       (1,323)   (1,323)
Net loss         (6,016,159) (6,016,159)
Comprehensive loss           (6,017,482)
Balance at Aug. 31, 2011 433 80,130 103,176,607 (2,903) (55,963,928) 47,290,339
Balance (in Shares) at Aug. 31, 2011 432,513 24,037,596        
Share-based compensation     54,588     54,588
Allocation of net revenues to TPF     189,674     189,674
Unrealized loss on investments       1,822   1,822
Net loss         (17,418,661) (17,418,661)
Comprehensive loss           (17,416,839)
Balance at Aug. 31, 2012 $ 433 $ 80,130 $ 103,420,869 $ (1,081) $ (73,382,589) $ 30,117,762
Balance (in Shares) at Aug. 31, 2012 432,513 24,037,596