Transition report pursuant to Rule 13a-10 or 15d-10

Stock Options (Tables)

v2.4.0.8
Stock Options (Tables)
1 Months Ended 10 Months Ended
Oct. 31, 2014
Aug. 31, 2014
Aug. 31, 2014
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]    
    August 31, 2014 October 31, 2013
  Expected volatility 210-252% 142.25%
  Risk-free interest rate 1.70-1.76% 1.83%
  Expected life 5 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 Shares     Exercise Price  
  Balance, October 31, 2013   2,200,000   $ 0.23  
  Expired   (250,000 )   0.30  
  Exercised   (100,000 )   0.23  
  Granted   775,000     0.30  
  Balance, August 31, 2014   2,625,000   $ 0.24  
Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
  October 31, 2014         Options outstanding     Options exercisable  
                                 
  Exercise prices   Number of     Weighted average     Weighted average     Number of     Weighted  
      shares     remaining contractual life     exercise price     shares     average  
                              exercise price  
  $0.20   150,000     1.79 years   $ 0.20     150,000   $ 0.20  
  $0.20   850,000     1.22 years   $ 0.20     850,000   $ 0.20  
  $0.35   700,000     2.70years   $ 0.35     700,000   $ 0.35  
  $0.10   500,000     4.63 years   $ 0.10     500,000   $ 0.10  
  Total   2,200,000     2.50 years   $ 0.23     2,200,000   $ 0.23  
  August 31, 2014         Options outstanding     Options exercisable  
                                 
  Exercise prices   Number of     Weighted average     Weighted average     Number of     Weighted average  
      shares     remaining contractual     exercise price     shares     exercise price  
            life                    
  $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     1.86years   $ 0.35     450,000   $ 0.35  
  $0.10   400,000     3.80 years   $ 0.10     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     2.51 years   $ 0.24     2,625,000   $ 0.24