XML 36 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
            Options Outstanding  
            Weighted Average  
      Number of Shares     Exercise Price  
  Balance, August 31, 2011   3,260,000   $ 0.15  
  Granted   965,000   $ 0.15  
  Cancelled   (40,000 ) $ 0.10  
  Balance, August 31, 2012   4,185,000   $ 0.15  
  Expired   (350,000 ) $ 0.20  
  Cancelled   (1,380,000 ) $ 0.14  
  Balance, August 31, 2013   2,455,000   $ 0.15  
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    Year ended August 31, 2012  
  Expected volatility 134.43% - 142.22%  
  Risk-free interest rate 1.32% - 1.46%  
  Expected life 5.00 years  
  Dividend yield 0.00%  
  Weighted average fair value of the options $0.06  
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
  August 31, 2013   Options outstanding     Options exercisable  
  Exercise prices   Number of shares     Remaining contractual life     Exercise Price     Number of shares exercisable     Exercise Price  
                                 
  $0.10   400,000     1.14 years   $ 0.10     400,000   $ 0.10  
  $0.10   450,000     1.33 years   $ 0.10     450,000   $ 0.10  
  $0.15   655,000     2.46 years   $ 0.15     655,000   $ 0.15  
  $0.15   150,000     2.44 years   $ 0.15     150,000   $ 0.15  
  $0.15   250,000     3.55 years   $ 0.15     250,000   $ 0.15  
  $0.18   150,000     1.98 years   $ 0.18     150,000   $ 0.18  
  $0.20   100,000     1.98 years   $ 0.20     150,000   $ 0.20  
  $0.25   300,000     2.76 years   $ 0.25     300,000   $ 0.25  
                                 
      2,455,000     2.18 years   $ 0.15     2,455,000   $ 0.15  
  August 31, 2012   Options outstanding     Options exercisable  
  Exercise prices    Number of shares     Remaining contractual life     Exercise Price     Number of shares exercisable     Exercise Price  
                                 
  $0.10   500,000     2.14 years   $ 0.10     500,000   $ 0.10  
  $0.10   650,000     2.33 years   $ 0.10     650,000   $ 0.10  
  $0.15   910,000     3.46 years   $ 0.15     910,000   $ 0.15  
  $0.15   150,000     3.53 years   $ 0.15     150,000   $ 0.15  
  $0.15   200,000     4.09 years   $ 0.15     100,000   $ 0.15  
  $0.15   450,000     4.55 years   $ 0.15     225,000   $ 0.15  
  $0.15   250,000     4.57 years   $ 0.15     125,000   $ 0.15  
  $0.15   25,000     4.61 years   $ 0.15     25,000   $ 0.15  
  $0.18   150,000     3.54 years   $ 0.18     150,000   $ 0.18  
  $0.20   350,000     0.29 years   $ 0.20     350,000   $ 0.20  
  $0.20   150,000     2.98 years   $ 0.20     150,000   $ 0.20  
  $0.20   100,000     3.19 years   $ 0.20     100,000   $ 0.20  
  $0.25   300,000     3.76 years   $ 0.15     300,000   $ 0.15  
                                 
      4,185,000     3.10 years   $ 0.15     3,775,000   $ 0.15  
Schedule of Share-based Compensation, Warrants, Activity [Table Text Block]
            Warrant Outstanding  
            Weighted Average  
      Number of warrant     Exercise Price  
  Balance, August 31, 2012 and 2011   12,278,500   $ 0.18  
  Expired   (9,218,300 ) $ 0.20  
  Granted   2,369,600   $ 0.10  
  Balance, August 31, 2013   5,429,800   $ 0.12  
 
Schedule of Share Based Payment Award Equity Note Warrants or Rights Valuation Assumptions [Table Text Block]
  Number Exercise Expiry
  Outstanding 1 Price Date
       
  2,224,200 $0.15 ; $0.20 after 12 months April 13, 2014
  660,000 $0.10 ; $0.20 after 12 months July 27, 2015
  176,000 $0.10 ; $0.20 after 12 months August 24, 2015
  1,154,000 $0.10 ; $0.20 after 12 months September 28, 2015
  1,215,600 $0.10 ; $0.20 after 12 months November 15, 2015
  5,429,800