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Condensed Statements of Operations and Comprehensive Loss (USD $)
3 Months Ended 9 Months Ended
May 31, 2012
May 31, 2011
May 31, 2012
May 31, 2011
Sales $ 611,730 $ 647,732 $ 1,165,655 $ 1,506,904
Sales to related parties 13,757 1,017,845 315,163 1,058,597
Equipment rental 25,900 9,900 101,450 61,400
Total revenues 651,387 1,675,477 1,582,268 2,626,901
Cost of sales 435,656 90,064 934,070 808,732
Cost of related party sales 12,180 547,766 226,363 585,261
Cost of equipment rental 2,947 3,608 8,841 13,111
Total cost of revenues 450,783 641,438 1,169,274 1,407,104
Gross margin 200,604 1,034,039 412,994 1,219,797
Research and development 641,457 481,994 1,760,803 992,110
Selling, general and administrative 1,667,503 1,389,175 4,580,000 3,589,573
Total operating costs and expenses 2,308,960 1,871,169 6,340,803 4,581,683
Loss from operations (2,108,356) (837,130) (5,927,809) (3,361,886)
Interest income 13,861 21,708 47,890 47,331
Other expense (2,371) (1,318) (6,950) (3,451)
Total other income 11,490 20,390 40,940 43,880
Loss before income taxes (2,096,866) (816,740) (5,886,869) (3,318,006)
Provision for income taxes (988) (800) (988) (800)
Net loss and comprehensive loss $ (2,097,854) $ (817,540) $ (5,887,857) $ (3,318,806)
Net loss per common share: Basic $ (0.07) $ (0.03) $ (0.20) $ (0.12)
Net loss per common share: Diluted $ (0.07) $ (0.03) $ (0.20) $ (0.12)
Weighted average number of shares outstanding: Basic 29,717,000 29,612,000 29,696,000 28,553,000
Weighted average number of shares outstanding: Diluted 29,717,000 29,612,000 29,696,000 28,553,000