4. PROPERTY AND EQUIPMENT

12 Months Ended

Aug. 31, 2016

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment at August 31, 2016 and 2015 consisted of the following:

	2016		2015
Equipment	$	487,458	$	460,626
Computer equipment		125,385		123,235
Furniture and fixtures		200,595		190,456
Leasehold improvements		103,599		103,599
		917,037		877,916
Less accumulated depreciation and amortization		660,656		464,406
Total	$	256,381	$	413,510

Depreciation expense was $196,250 and $211,454 for the years ended August 31, 2016 and 2015, respectively.