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FAIR VALUE (Tables)

9 Months Ended

May 31, 2013

Schedule of Marketable Securities Carried at Fair Value

	Level 1		Level 3		Total
Marketable securities:
May 31, 2013	$	113,920	$	689,452	$	803,372
August 31, 2012	$	200,311		-	$	200,311

Schedule of Financial Assets Measured Using Unobservable Inputs

	Nine months ended
	May 31, 2013
Carrying value at the beginning of the period	$	-
Additions		628,630
Changes in fair value		113,165
Reclassification adjustment for gains included in net loss		(52,343	)
Carrying value at the end of the period	$	689,452

- 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 (loss), 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, issues, 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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