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SHAREHOLDERS' EQUITY (Tables) | 3 Months Ended
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Feb. 28, 2013
Shareholders Equity Tables |
Schedule of stock option activity | The following table summarizes the stock option activity for the Equity Plan for the six months ended February 28, 2014:
|  | 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 February 28, 2014 |  |  | 380,000 |  |  |  | 5.66 |  |  |  | 6.89 |  |  | $ | 506,415 |
Options exercisable at February 28, 2014 |  |  | 247,500 |  |  | $ | 5.67 |  |  |  | 5.19 |  |  | $ | 587,825 |
Schedule of activity and value of non-vested options | The following table summarizes the activity and value of non-vested options as of and for the six months ended February 28, 2014:
|  | Number of Options |  |  | Weighted-Average Grant Date Fair Value |
Non vested options outstanding at beginning of period |  |  | 132,500 |  |  | $ | 3.80 |
Granted |  |  | 32,500 |  |  |  | 4.09 |
Vested |  |  | (32,500 | ) |  |  | 2.36 |
Forfeited |  |  | — |  |  |  | — |
Options not vested at February 28, 2014 |  |  | 132,500 |  |  | $ | 4.22 |

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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