XML 31 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statement Of Operations And Comprehensive Loss (Unaudited) (USD $)
3 Months Ended 9 Months Ended
May 31, 2014
May 31, 2013
May 31, 2014
May 31, 2013
Condensed Consolidated Statement Of Operations And Comprehensive Loss        
Revenue:            
Operating expenses:        
Selling, general and administrative 308,205us-gaap_SellingGeneralAndAdministrativeExpense    530,824us-gaap_SellingGeneralAndAdministrativeExpense   
Total Operating Expenses 308,205us-gaap_OperatingExpenses    530,824us-gaap_OperatingExpenses   
Net loss from operations (308,205)us-gaap_OperatingIncomeLoss    (530,824)us-gaap_OperatingIncomeLoss   
Other income (expense):        
Interest expense, net (4,949,691)us-gaap_InterestExpense   (4,994,557)us-gaap_InterestExpense  
Gain on change in derivative liabilities 1,344,164us-gaap_DerivativeGainLossOnDerivativeNet    1,344,164us-gaap_DerivativeGainLossOnDerivativeNet   
NET LOSS (3,913,732)us-gaap_NetIncomeLoss    (4,181,217)us-gaap_NetIncomeLoss   
Loss per common share, basic and diluted $ (0.40)us-gaap_EarningsPerShareBasicAndDiluted    $ (0.45)us-gaap_EarningsPerShareBasicAndDiluted   
Weighted average number of common shares outstanding, Basic and diluted 9,782,152us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted    9,260,717us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted   
Comprehensive loss:        
Net loss (3,913,732)us-gaap_NetIncomeLoss    (4,181,217)us-gaap_NetIncomeLoss   
Unrealized loss on change in foreign currency translations (44,372)iron_UnrealizedGainOnChangeInForeignCurrencyTranslations    (44,372)iron_UnrealizedGainOnChangeInForeignCurrencyTranslations   
Comprehensive loss $ (3,958,104)us-gaap_ComprehensiveIncomeNetOfTax    $ (4,225,589)us-gaap_ComprehensiveIncomeNetOfTax