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Stock Options and Warrants
 3 Months Ended
Nov. 30, 2013
Equity [Abstract]  
Stock Options and Warrants

NOTE 3: STOCK OPTIONS AND WARRANTS

 

Stock Options - Under the 2003 Stock Incentive Plan, as amended ("2003 Plan"), until May 2013, options were available to be granted to officers, directors, consultants and employees of the Company and its subsidiaries to purchase up to 1,500,000 of the Company's common shares. As of November 30, 2013, there were 1,298,436 options outstanding under the 2003 plan, under which no additional options may be granted.

 

In August 2013, the Company’s shareholders approved the 2013 Stock Incentive Plan under which 2,500,000 options may be granted. No options have been granted to date.