Quarterly report pursuant to Section 13 or 15(d)

5. SHAREHOLDERS' EQUITY (Details)

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5. SHAREHOLDERS' EQUITY (Details)
3 Months Ended
Nov. 30, 2015
USD ($)
$ / shares
shares
Number of options  
Outstanding, beginning | shares 312,000
Granted | shares 0
Exercised | shares 0
Forfeited or expired | shares 0
Outstanding, ending | shares 312,000
Exercisable | shares 252,667
Weighted average exercise price  
Outstanding, beginning | $ / shares $ 6.61
Granted | $ / shares 0.00
Exercised | $ / shares 0.00
Forfeited or expired | $ / shares 0.00
Outstanding, ending | $ / shares 6.61
Exercisable | $ / shares $ 5.09
Weighted average remaining contractual term  
Outstanding, ending 5 years 11 months 5 days
Exercisable 5 years 4 months 13 days
Approximate aggregate intrinsic value  
Outstanding, ending | $ $ 266,720
Exercisable | $ $ 243,320