Note 4. Stockholders' Equity

6 Months Ended

Feb. 28, 2013

Notes

Note 4. Stockholders' Equity

Note 4.  Stockholders’ Equity

The Company has 10,000,000 authorized shares of $0.001 par value preferred stock.  As of February 28, 2013 and August 31, 2012, there were no shares of preferred stock outstanding.  The Company also has 80,000,000 authorized shares of $0.001 par value common stock.

Shelf Registration Statement

On September 28, 2012, we filed a universal shelf registration statement with the SEC for the issuance of common stock, preferred stock, warrants, senior debt, subordinated debt and units up to an aggregate amount of $50.0 million.  We may periodically offer one or more of these securities in amounts, prices and terms to be announced when and if the securities are offered.  On October 11, 2012, the universal shelf registration statement was declared effective by the SEC.

Warrants

               A summary of the outstanding warrants issued in prior stock offerings as of February 28, 2013, and changes during the six months then ended, is as follows:

	Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contract Term (Years)
Outstanding as of August 31, 2012	2,408,523	$	4.56
Issued	-		-
Exercised	-		-
Forfeited or expired	-		-
Outstanding and exercisable as of February 28, 2013	2,408,523	$	4.56	2.99