STOCK WARRANTS

12 Months Ended

Aug. 31, 2013

Notes to Financial Statements

STOCK WARRANTS

A summary of the status of the Company’s outstanding stock and changes during the periods is presented below:

	Shares available to purchase with warrants		Weighted Average Price		Weighted Average Fair Value
Outstanding, August 31, 2012		—	$	—	$	—
Issued		65,625		0.63		0.23
Exercised		—		—		—
Forfeited		—		—		—
Expired		—		—		—
Outstanding, August 31, 2013		65,625	$	0.63	$	0.23
Exercisable, August 31, 2013		65,625	$	0.63	$	0.23

Range of Exercise Prices		Number Outstanding at 8/31/13		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
	$0.20 - $2.00		65,625		2.9 years	$	0.63