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MARKETABLE SECURITIES (Tables)

12 Months Ended

Aug. 31, 2012

Schedule of Marketable Securities Carried at Fair Value

	Level 1		Level 3		Total
Marketable securities:
August 31, 2012	$	200,311		-	$	200,311
August 31, 2011		-	$	384,565	$	384,565

Schedule of Financial Assets Measured Using Unobservable Inputs

	August 31
	2012			2011
Carrying value at the beginning of the period	$	384,565		$	-
Additions - see note 5		-			581,977
Reclassification to level 1		(384,565	)		-
Impairment of available-for-sale securities - financial expenses		-			(197,412	)
Carrying value at the end of the period	$	-		$	384,565

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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