Annual report pursuant to Section 13 and 15(d)

STOCK OPTIONS (Narrative) (Details)

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STOCK OPTIONS (Narrative) (Details) (USD $)
1 Months Ended 12 Months Ended
Aug. 31, 2011
Feb. 28, 2013
Jul. 31, 2012
Jun. 07, 2007
STOCK OPTIONS [Abstract]        
Shares authorized for issuance     1,465,000 4,360,000
Shares authorized for issuance, per share     $ 0.18 $ 0.06
Weighted average fair value of stock options granted   $ 0.0272    
Fair value of options vested $ 400,000      
Share-based compensation $ 136,000