FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Feb. 28, 2013

Fair Value Measurements Tables

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 February 28, 2013 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)
February 28, 2013
Cash and
cash equivalents	1,24,854	-	-
Total	1,24,854	-	-
August 31, 2012
Cash and
cash equivalents	2,37,165	-	-
Total	2,37,165	-	-