XML 18 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Cash flows from operating activities    
Net loss $ (2,205,864) $ (1,000,497)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 102,767 86,549
Stock based compensation 8,311 49,341
Foreign currency exchange losses 95,151 106,578
Changes in operating assets and liabilities:    
Accounts receivable 522,080 503,499
Accounts receivable, other 155,400 380,456
Interest receivable (16,151) (39,884)
Inventories 10,753 11,767
Prepaid expenses 29,345 120,901
Accounts payable (38,379) 12,748
Accrued liabilities 317,905 (650,595)
Net cash from operating activities (1,018,682) (419,137)
Cash flows from investing activities    
Purchase of equipment (13,313) (113,720)
Net cash from investing activities (13,313) (113,720)
Cash flows from financing activities    
Principal payments on notes payable 0 (6,734)
Purchase of treasury stock 0 (27,061)
Payments on capital lease (7,475) (4,718)
Net cash from financing activities (7,475) (38,513)
Net change in cash and cash equivalents (1,039,470) (571,370)
Cash at beginning of period 15,829,349 16,819,504
Cash at end of period 14,789,879 16,248,134
Cash paid during the period for:    
Interest 552 669
Income taxes 0 0
Non cash investing and financing activities:    
Unrealized change in fair value of available-for-sale securities 469,547 (1,670,945)
Retirement of treasury stock $ 5,825 $ 0