3. PROPERTY AND EQUIPMENT

12 Months Ended

Aug. 31, 2014

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment at August 31, 2014 and 2013 consisted of the following:

	2014		2013
Equipment	$	125,541	$	141,355
Computer equipment		51,466		295,174
Furniture and fixtures		147,541		53,096
Leasehold improvements		23,645		61,860
		348,193		551,485
Less accumulated depreciation and amortization		252,951		433,498
Total	$	95,242	$	117,987

Depreciation expense was $47,231 and $42,573 for the years ended August 31, 2014 and 2013, respectively.