Annual report pursuant to Section 13 and 15(d)

Stock Options (Tables)

v3.3.0.814
Stock Options (Tables)
 12 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
      August 31, 2015     August 31, 2014  
  Expected volatility   243%- 249%     210 - 252%  
  Risk-free interest rate   1.47 - 1.66%     1.70 - 1.76%  
  Expected life   5.00 years     5 years  
  Dividend yield   0.00%     0.00%  
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
    Options Outstanding    
          Weighted  
          Average  
    Number of     Exercise  
    Shares     Price  
Balance, August 31, 2014   2,625,000   $ 0.24  
Expired   (1,100,000 )   0.23  
Granted   2,175,000     0.11  
Balance, August 31, 2015   3,700,000   $ 0.17  
 
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
August 31, 2015         Options outstanding           Options exercisable  
                                     
Range of   Number     Weighted average       Weighted     Number     Weighted average     Weighted  
Exercise prices   of shares     remaining       average exercise     of shares     remaining     average  
          contractual life     price           contractual life     exercise price  
$0.35   450,000     0.86 years   $ 0.35     450,000     0.86 years   $ 0.35  
$0.10   400,000     2.80 years   $ 0.10     400,000     2.80 years   $ 0.10  
$0.60   50,000     3.57 years   $ 0.60     50,000     3.57 years   $ 0.60  
$0.25   625,000     3.90 years   $ 0.25     625,000     3.90 years   $ 0.25  
$0.11   1,425,000     4.31 years   $ 0.11     1,425,000     4.30 years   $ 0.11  
$0.10   250,000     4.43 years   $ 0.10     250,000     4.43 years   $ 0.10  
$0.10   500,000     4.57 years     0.10     500,000     4.57 years     0.10  
Total   3,700,000     3.69 years   $ 0.17     3,700,000     3.68 years   $ 0.17  
August 31, 2014         Options outstanding     Options exercisable  
                               
Range of Exercise   Number of     Weighted average     Weighted average     Number of     Weighted avera  
prices   shares     remaining contractual life     exercise price     shares     exercise price  
$0.20   150,000     0.96 years   $ 0.20     150,000   $ 0.20  
$0.20   850,000     0.39 years   $ 0.20     850,000   $ 0.20  
$0.35   450,000     1.86 years   $ 0.35     450,000   $ 0.35  
$0.10   400,000     3.80 years   $ 0.20     400,000   $ 0.10  
$0.60   50,000     4.57 years   $ 0.60     50,000   $ 0.60  
$0.50   100,000     4.59 years   $ 0.50     100,000   $ 0.50  
$0.25   625,000     4.90 years   $ 0.25     625,000   $ 0.25  
Total   2,625,000     2.54 years   $ 0.25     2,625,000   $ 0.24