FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Nov. 30, 2012

Notes to Financial Statements

Summary of financial assets accounted for at fair value on a recurring basis

The following table sets forth by level, within the fair value hierarchy, the Company’s financial assets accounted for at fair value on a recurring basis as of November 30, 2012 and August 31, 2012.

	Fair Value Measurements Using
	Quoted Prices		Significant Other		Significant Other
	in Active Market		Observable Inputs		Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)
November 30, 2012
Cash and cash equivalents	$	161,556	$	-	$	-
Total	$	161,556	$	-	$	-
August 31, 2012
Cash and cash equivalents	$	237,165	$	-	$	-
Total	$	237,165	$	-	$	-