XML 35 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Statements of Comprehensive Loss (USD $)
3 Months Ended 9 Months Ended
May 31, 2014
May 31, 2013
May 31, 2014
May 31, 2013
Revenues:        
Sales $ 764,044 $ 1,256,583 $ 3,611,679 $ 2,540,281
Sales to related parties 376,245 230 394,679 76,776
Equipment rental 112,900 59,900 268,200 178,700
Total revenues 1,253,189 1,316,713 4,274,558 2,795,757
Cost of Revenues:        
Cost of sales 456,832 713,383 2,003,969 1,533,618
Cost of related party sales 288,140 81 296,053 66,527
Cost of equipment rental 2,947 2,947 8,841 8,841
Total cost of revenues 747,919 716,411 2,308,863 1,608,986
Gross margin 505,270 600,302 1,965,695 1,186,771
Operating expenses:        
Research and development 559,568 607,690 1,621,612 1,693,648
Selling, general and administrative 1,934,277 1,967,082 5,321,309 5,562,013
Total operating expenses 2,493,845 2,574,772 6,942,921 7,255,661
Loss from operations (1,988,575) (1,974,470) (4,977,226) (6,068,890)
Other income (expense):        
Interest income 3,623 7,708 15,050 24,374
Other expense (3,898) (2,984) (9,638) (5,291)
Total other income (275) 4,724 5,412 19,083
Loss before income taxes (1,988,850) (1,969,746) (4,971,814) (6,049,807)
Provision for income taxes            
Net loss and comprehensive loss $ (1,988,850) $ (1,969,746) $ (4,971,814) $ (6,049,807)
Net loss per common share: Basic $ (0.06) $ (0.06) $ (0.15) $ (0.20)
Net loss per common share: Diluted $ (0.06) $ (0.06) $ (0.15) $ (0.20)
Weighted average number of shares outstanding: Basic 34,040,000 32,042,000 34,002,000 30,541,000
Weighted average number of shares outstanding: Diluted 34,040,000 32,042,000 34,002,000 30,541,000