5. SHAREHOLDERS' EQUITY (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
May. 31, 2015 |
May. 31, 2014 |
May. 31, 2015 |
May. 31, 2014 |
|
| Fair value of options vested | $ 136,300 | $ 76,800 | ||
| Stock-based compensation | $ 53,700 | $ 68,800 | 186,300 | $ 183,100 |
| Unrecognized share-based compensation cost | $ 220,900 | $ 220,900 | ||
| 2014 Incentive Plan | ||||
| Number of shares authorized under plan | 1,600,000 | 1,600,000 | ||