Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY (Tables)

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SHAREHOLDERS' EQUITY (Tables)
 3 Months Ended
May 31, 2013
Shareholders Equity Tables  
Schedule of stock option activity
    Number of Options     Weighted-Average Exercise Price     Weighted-Average Remaining Contractual Term     Approximate Aggregate Instrinsic Value  
Oustanding at August 31, 2013     347,500     $ 5.62              
Granted     32,500       6.08              
Exercised     -       -              
Forfeited or expired     -       -              
Outstanding at May 31, 2014     380,000     $ 5.66       6.32     $ 421,095  
Options exercisable at May 31, 2014     247,500     $ 5.67       4.59     $ 452,175  
Schedule of activity and value of non-vested options
    Number of Options     Weighted-Average Grant Date Fair Value  
Non-vested options oustanding at beginning of period     132,500     $ 3.80  
Granted     32,500       4.09  
Vested     (32,500 )     2.36  
Forfeited     -       -  
Options not vested at May 31, 2014     132,500     $ 4.22