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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	May 31, 2012	Jul. 11, 2012
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	May 31, 2012
Entity Registrant Name	ORAMED PHARMACEUTICALS INC.
Entity Central Index Key	0001176309
Current Fiscal Year End Date	--08-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2012
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		70,453,583

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	May 31, 2012	Aug. 31, 2011
CURRENT ASSETS:
Cash and cash equivalents	$ 1,299,865	$ 1,513,365
Short term deposits	500,005	1,801,400
Marketable securities	357,323	384,565
Restricted cash	16,000	16,000
Accounts receivable - other	135,399	542,891
Prepaid expenses	21,044	1,670
Related parties	1,723
Grants receivable from the Chief Scientist	127,126	24,191
T o t a l current assets	2,458,485	4,284,082
LONG TERM DEPOSITS AND INVESTMENT	9,164	10,186
AMOUNTS FUNDED IN RESPECT OF EMPLOYEE RIGHTS UPON RETIREMENT	4,503	14,293
PROPERTY AND EQUIPMENT, net	2,121	17,376
T o t a l assets	2,474,273	4,325,937
CURRENT LIABILITIES:
Accounts payable and accrued expenses	308,605	375,538
Related parties		18,502
Account payable with former shareholder	47,252	47,252
T o t a l current liabilities	355,857	441,292
LONG TERM LIABILITIES:
Employee rights upon retirement	8,777	22,675
Provision for uncertain tax position	138,054	138,054
Total long term liabilities	146,831	160,729
COMMITMENTS (note 2)
Total liabilities	502,688	602,021
STOCKHOLDERS' EQUITY:
Common stock of $ 0.001 par value - authorized: 200,000,000 shares at May 31, 2012 and August 31, 2011; issued and outstanding: 70,403,583 shares at May 31, 2012 and 70,104,583 at August 31, 2011	70,403	70,104
Additional paid-in capital	18,446,871	18,201,111
Other accumulated comprehensive income	15,869
Deficit accumulated during the development stage	(16,561,558)	(14,547,299)
T o t a l stockholders' equity	1,971,585	3,723,916
T o t a l liabilities and stockholders' equity	$ 2,474,273	$ 4,325,937

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - $ / shares	May 31, 2012	Aug. 31, 2011
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	70,403,583	70,104,583
Common stock, shares outstanding	70,403,583	70,104,583

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended		122 Months Ended
	May 31, 2012	May 31, 2011	May 31, 2012	May 31, 2011	May 31, 2012
CONDENSED CONSOLIDATED STATEMENTS OF OPERATION [Abstract]
RESEARCH AND DEVELOPMENT EXPENSES	$ 249,752	$ 241,350	$ 1,144,415	$ 869,166	$ 8,996,264
IMPAIRMENT OF INVESTMENT					434,876
GENERAL AND ADMINISTRATIVE EXPENSES	290,668	350,127	802,273	971,143	7,760,656
OPERATING LOSS	540,420	591,477	1,946,688	1,840,309	17,191,796
FINANCIAL INCOME	(306)	(22,587)	(14,834)	(32,632)	(208,866)
FINANCIAL EXPENSES	10,251	6,744	39,294	13,532	220,551
GAIN ON SALE OF INVESTMENT		(1,033,004)		(1,033,004)	(1,033,004)
IMPAIRMENT OF AVAILABLE-FOR-SALE SECURITIES			43,111		240,523
LOSS (INCOME) BEFORE TAXES ON INCOME	550,365	(457,370)	2,014,259	788,205	16,411,000
TAXES ON INCOME					150,558
NET LOSS (INCOME) FOR THE PERIOD	$ 550,365	$ (457,370)	$ 2,014,259	$ 788,205	$ 16,561,558
BASIC AND DILUTED LOSS (INCOME) PER COMMON SHARE	$ 0.01	$ (0.01)	$ 0.03	$ 0.01
WEIGHTED AVERAGE NUMBER OF SHARES USED IN COMPUTATION OF LOSS (INCOME) PER SHARE: Basic	70,397,799	69,049,995	70,199,090	63,278,472
WEIGHTED AVERAGE NUMBER OF SHARES USED IN COMPUTATION OF LOSS (INCOME) PER SHARE: Diluted	70,397,799	72,410,339	70,199,090	63,278,472

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	Common Stock [Member]	Additional paid-in capital [Member]	Other Comprehensive Income [Member]	Deficit accumulated during the development stage [Member]
BALANCE at Apr. 11, 2002	$ 53,700	$ 34,828	$ 18,872
BALANCE, shares at Apr. 11, 2002		34,828,200
SHARES CANCELLED		$ (19,800)	19,800
SHARES CANCELLED, shares		(19,800,000)
SHARES ISSUED FOR INVESTMENT IN ISTI-NJ	434,876	$ 1,144	433,732
SHARES ISSUED FOR INVESTMENT IN ISTI-NJ, shares		1,144,410
SHARES ISSUED FOR OFFERING COSTS		$ 1,753	(1,753)
SHARES ISSUED FOR OFFERING COSTS, shares		1,752,941
SHARES AND WARRANTS ISSUED FOR CASH- NET OF ISSUANCE EXPENSES	7,907,781	$ 37,359	7,870,422
SHARES AND WARRANTS ISSUED FOR CASH- NET OF ISSUANCE EXPENSES, shares		37,359,230
SHARES ISSUED FOR SERVICES RENDERED	821,337	$ 1,731	819,606
SHARES ISSUED FOR SERVICES RENDERED, shares		1,730,540
CONTRIBUTIONS TO PAID IN CAPITAL	18,991		18,991
RECEIPTS ON ACCOUNT OF SHARES AND WARRANTS	6,061		6,061
SHARES ISSUED FOR CONVERSION OF CONVERTIBLE NOTE	275,000	$ 550	274,450
SHARES ISSUED FOR CONVERSION OF CONVERTIBLE NOTE, shares		550,000
STOCK BASED COMPENSATION RELATED TO OPTIONS GRANTED TO EMPLOYEES AND DIRECTORS	3,554,921		3,554,921
STOCK BASED COMPENSATION RELATED TO OPTIONS GRANTED TO CONSULTANTS	615,882		615,882
DISCOUNT ON CONVERTIBLE NOTE RELATED TO BENEFICIAL CONVERSION FEATURE	108,000		108,000
OTHER COMPREHENSIVE INCOME (LOSS)	(16)				(16)
IMPUTED INTEREST	19,777		19,777
NET LOSS	(12,986,038)				(12,986,038)
BALANCE at Aug. 31, 2010	830,272	$ 57,565	13,758,761		(12,986,054)
BALANCE, shares at Aug. 31, 2010		57,565,321
BALANCE at Apr. 11, 2002	53,700	$ 34,828	18,872
BALANCE, shares at Apr. 11, 2002		34,828,200
NET LOSS	(16,561,558)
BALANCE at May. 31, 2012	$ 1,971,585	$ 70,403	18,446,871	15,869	(16,561,558)
BALANCE, shares at May. 31, 2012	70,403,583	70,403,583
BALANCE at Aug. 31, 2010	$ 830,272	$ 57,565	13,758,761		(12,986,054)
BALANCE, shares at Aug. 31, 2010		57,565,321
SHARES AND WARRANTS ISSUED FOR CASH- NET OF ISSUANCE EXPENSES	3,694,212	$ 11,808	3,682,404
SHARES AND WARRANTS ISSUED FOR CASH- NET OF ISSUANCE EXPENSES, shares		11,808,626
SHARES ISSUED FOR SERVICES RENDERED	227,569	$ 731	226,838
SHARES ISSUED FOR SERVICES RENDERED, shares		730,636
STOCK BASED COMPENSATION RELATED TO OPTIONS GRANTED TO EMPLOYEES AND DIRECTORS	502,593		502,593
STOCK BASED COMPENSATION RELATED TO OPTIONS GRANTED TO CONSULTANTS	26,733		26,733
IMPUTED INTEREST	3,782		3,782
NET LOSS	(1,561,245)				(1,561,245)
BALANCE at Aug. 31, 2011	$ 3,723,916	$ 70,104	18,201,111		(14,547,299)
BALANCE, shares at Aug. 31, 2011	70,104,583	70,104,583
SHARES ISSUED FOR SERVICES RENDERED	$ 91,860	$ 299	91,561
SHARES ISSUED FOR SERVICES RENDERED, shares		299,000
STOCK BASED COMPENSATION RELATED TO OPTIONS GRANTED TO EMPLOYEES AND DIRECTORS	80,492		80,492
STOCK BASED COMPENSATION RELATED TO OPTIONS GRANTED TO CONSULTANTS	73,707		73,707
UNREALIZED GAIN FROM AVAILABLE-FOR-SALE SECURITIES	15,869			15,869
NET LOSS	(2,014,259)				(2,014,259)
BALANCE at May. 31, 2012	$ 1,971,585	$ 70,403	$ 18,446,871	$ 15,869	$ (16,561,558)
BALANCE, shares at May. 31, 2012	70,403,583	70,403,583

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended		122 Months Ended
	May 31, 2012	May 31, 2011	May 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,014,259)	$ (788,205)	$ (16,561,558)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation	17,384	22,840	123,491
Amortization of debt discount			108,000
Exchange differences	(1)	(6,120)	(2,669)
Stock based compensation	154,199	436,746	4,854,328
Common stock issued for services	91,860	227,569	1,139,956
Gain on sale of investment		(1,033,004)	(1,033,004)
Impairment of investment			434,876
Impairment of available for sales securities	43,111		240,523
Imputed interest		2,837	23,559
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	(166,540)	(47,594)	(284,482)
Restricted cash		8	(16,000)
Accounts payable and accrued expenses	(85,435)	(98,775)	308,605
Liability of employee rights upon retirement	419		23,094
Provision for uncertain tax position			138,054
Total net cash used in operating activities	(1,959,262)	(1,283,698)	(10,503,227)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(2,129)	(1,475)	(125,612)
Acquisition of short-term investments	(500,000)	(1,690,952)	(5,928,382)
Funds in respect of employee rights upon retirement	(2,109)		(16,402)
Proceeds from sale of investment in Entera	450,000		450,000
Proceeds from sale of Short term investments	1,800,000		5,428,000
Lease deposits		2,407	(7,509)
Total net cash derived from (used in) investing activities	1,745,762	(1,690,020)	(199,905)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock and warrants - net of issuance expenses		3,694,212	11,655,693
Receipts on account of shares issuances			6,061
Proceeds from convertible notes			275,000
Proceeds from short term note payable			120,000
Payments of short term note payable			(120,000)
Shareholder advances			66,243
Net cash provided by financing activities		3,694,212	12,002,997
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(213,500)	720,494	1,299,865
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	1,513,365	1,199,638
CASH AND CASH EQUIVALENTS AT END OF PERIOD	1,299,865	1,920,132	1,299,865
Non cash investing and financing activities:
Shares issued for offering costs			1,753
Contribution to paid in capital			18,991
Discount on convertible note related to beneficial conversion feature			$ 108,000

SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

May 31, 2012

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SIGNIFICANT ACCOUNTING POLICIES

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES:

General:

Oramed Pharmaceuticals, Inc. (the "Company") was incorporated on April 12, 2002, under the laws of the State of Nevada. From incorporation until March 3, 2006, the Company was an exploration stage company engaged in the acquisition and exploration of mineral properties. On February 17, 2006, the Company entered into an agreement (the "First Agreement") with Hadasit Medical Services and Development Ltd. ("Hadasit") to acquire a provisional patent related to a method of preparing insulin so that it may be taken orally to be used in the treatment of individuals with diabetes. The Company has been in the development stage since its formation and has not yet realized any revenues from its planned operations. On March 11, 2011, Oramed was reincorporated from the State of Nevada to the State of Delaware.

On May 14, 2007, the Company incorporated a wholly-owned subsidiary in Israel, Oramed Ltd., which is engaged in research and development. Unless the context indicates otherwise, the term "Group" refers to Oramed Pharmaceuticals Inc. and its Israeli subsidiary, Oramed Ltd. (the "Subsidiary").

The Group is engaged in research and development in the biotechnology field and is considered a development stage company in accordance with Accounting Standard Codification ("ASC") No. 915, "Development Stage Entities".

The accompanying unaudited condensed consolidated financial statements as of May 31, 2012 and for the nine months then ended, have been prepared in accordance with accounting principles generally accepted in the United States relating to the preparation of financial statements for interim periods. Accordingly, they do not include all the information and footnotes required for annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement have been included. The accounting principles applied in the preparation of the condensed statements are consistent with those applied in the preparation of the annual financial statements, however the condensed statements do not include all the information and explanations required for the annual financial statements. Operating results for the nine months ended May 31, 2012, are not necessarily indicative of the results that may be expected for the year ending August 31, 2012.

Going concern considerations

The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has net losses for the period from inception (April 12, 2002) through May 31, 2012 of $16,561,558 as well as negative cash flow from operating activities. Presently, the Company does not have sufficient cash resources to meet its liquidity requirements in the twelve months following May 31, 2012. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management is in the process of evaluating various financing alternatives as the Company will need to finance future research and development activities and general and administrative expenses through fund raising in the public or private equity markets. Although there is no assurance that the Company will be successful with those initiatives, management believes that it will be able to secure the necessary financing as a result of ongoing financing discussions with third party investors and existing stockholders, as well as ongoing funding from the Office of the Chief Scientist of the Ministry of Industry, Trade and Labor of Israel ("OCS").

These condensed consolidated financial statements do not include any adjustments that may be necessary should the Company be unable to continue as a going concern. The Company's continuation as a going concern is dependent on its ability to obtain additional financing as may be required and ultimately to attain profitability.

Newly issued and recently adopted Accounting Pronouncements

In May 2011, the Financial Accounting Standard Board ("FASB") issued an accounting update that amends ASC No. 820, "Fair Value Measurement" regarding fair value measurements and disclosure requirements. The amendments are effective during interim and annual periods beginning after December 15, 2011 and are to be applied prospectively. The Company adopted the accounting update beginning in the third quarter of fiscal year 2012. As applicable to the Company, the adoption of the new guidance did not have any material impact on the consolidated financial statements.

In June 2011, the FASB issued an update to ASC No. 220, "Presentation of Comprehensive Income," which eliminates the option to present other comprehensive income and its components in the statement of shareholders' equity. The Company can elect to present the items of net income and other comprehensive income in a single continuous statement of comprehensive income or in two separate, but consecutive, statements. Under either method the statement would need to be presented with equal prominence as the other primary financial statements. The amended guidance, which must be applied retroactively, is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011, with earlier adoption permitted. In December 2011, the FASB issued another update on the topic, which deferred the effective date pertaining only to the presentation of reclassification adjustments on the face of the financial statements. The accounting update will be applicable to the Company beginning in the first quarter of fiscal year 2013. The adoption of the new guidance is not expected to have a material impact on the consolidated financial statements.

COMMITMENTS

9 Months Ended

May 31, 2012

COMMITMENTS [Abstract]

COMMITMENTS

NOTE 2 - COMMITMENTS:

Under the terms of the First Agreement with Hadasit (note 1a(1) above), the Company retained Hadasit to provide consulting and clinical trial services. As remuneration for the services provided under the agreement, Hadasit is entitled to $200,000. The primary researcher for Hadasit is Dr. Miriam Kidron, a director and officer of the Company. The funds paid to Hadasit under the agreement are deposited by Hadasit into a research fund managed by Dr. Kidron. Pursuant to the general policy of Hadasit with respect to its research funds, Dr. Kidron receives from Hadasit a management fee in the rate of 10% of all the funds deposited into this research fund. The total amount paid to Dr. Kidron out of this fund was $10,214.

On January 7, 2009, the Company entered into a second agreement with Hadasit (the "Second Agreement") which confirms that Hadasit has conveyed, transferred and assigned all of its ownership rights in the patents acquired under the First Agreement to the Company, and certain other patents filed by the Company after the First Agreement as a result of the collaboration between the Company and Hadasit.

On July 8, 2009 the Company entered into a third agreement with Hadasit, Prof. Itamar Raz and Dr. Miriam Kidron ("the Third Agreement"), to retain consulting and clinical trial services from Hadasit. According to the Third Agreement, Hadasit was entitled to total consideration of $400,000 to be paid by Oramed. $200,000 of this amount was agreed in the terms of the First Agreement, and the remaining of $200,000 was paid in accordance with the actual progress of the study. The total amount was paid through May 31, 2011.

On September 11, 2011, the Company entered into a fourth agreement with Hadasit, Dr. Miriam Kidron and Dr. Daniel Schurr (the "Fourth Agreement"), to retain consulting and clinical trial services. According to the Fourth Agreement, Hadasit will be entitled to consideration of $200,000 to be paid by the Company, none of which was recognized or paid through May 31, 2012.

On March 18, 2012, the Subsidiary entered into a lease agreement for its office facilities in Israel. The lease agreement is for a period of 57 months commencing January 1, 2012. The monthly lease payment will be NIS 3,400 in 2012, NIS 4,225 in 2013 and NIS 5,610 from 2014 onwards, and will be linked to the increase in the Israeli consumer price index (as of May 31, 2012, the monthly payment in the Company's functional currency is $876, the future annual lease payments under the agreement will be $13,064 - $17,346).

As security for its obligation under the lease agreements the Subsidiary provided a bank guarantee in an amount equal to three monthly lease payments, valid until November 30, 2016.

On April 21, 2009, the Subsidiary entered into a consulting service agreement with ADRES Advanced Regulatory Services Ltd. ("ADRES") (the "Original Agreement") pursuant to which ADRES will provide consulting services relating to quality assurance and regulatory processes and procedures in order to assist the Subsidiary in submission of a U.S. Investigational New Drug ("IND") according to the U.S. Food and Drug Administration (the "FDA") regulations. In consideration for the services provided under the agreement, ADRES will be entitled to total cash compensation of $211,000, of which the amount of $110,000 will be paid as a monthly fixed fee of $10,000 each month for 11 months commencing May 2009, and the remaining $101,000 will be paid based on achievement of certain milestones. $160,000 of the total amount was paid through November 30, 2011, $50,000 of which was paid for completing the first three milestones.

On February 26, 2012, the parties entered into an amendment agreement, according to which the Subsidiary paid the remaining $51,000 of the Original Agreement upon execution of the amendment agreement. In addition, beginning March 1, 2012 and until submission of the IND, the Subsidiary will pay ADRES a monthly fee of approximately $3,600. The Company recognized the $51,000 as an expense in the second quarter of 2012.

On February 10, 2010, the Subsidiary entered into an agreement with Vetgenerics Research G. Ziv Ltd., a clinical research organization, to conduct a toxicology trial on its oral insulin capsules. The total cost estimated for the studies is €107,100 ($132,938) of which €89,293 ($110,835) was paid through May 31, 2012.

On February 15, 2011, the Subsidiary entered into a consulting agreement with a third party (the "Consultant") for a period of five years, pursuant to which the Consultant will provide consultation on scientific and clinical matters. The Consultant is entitled to a fixed monthly fee of $8,000, royalties of 8% of the net royalties actually received by the Subsidiary in respect of the patent that was sold to Entera on February 22, 2011 and an option to purchase up to 250,000 shares of common stock, par value $0.001 per share, of the Company at an exercise price of $0.50 per share. The option vest in five annual installments commencing February 16, 2012 and expire on February 16, 2021. The initial fair value of the option on the date of grant was $71,495, using the Black Scholes option-pricing model and was based on the following assumptions: dividend yield of 0% for all years; expected volatility of 113.80%; risk-free interest rates of 3.42%; and the remaining expected term of 10 years. The fair value of the options granted is remeasured at each balance sheet reporting date and is recognized over the related service period using the straight-line method.

On May 13, 2011, the Company entered into a consulting agreement with a third party (the "Consultant") for a period of 12 months, pursuant to which the Consultant will provide investor relations services and will be entitled to a cash monthly fee of $4,000, that may be increased up to $10,000 upon the completion of a $5,000,000 capital raise by the Company. In addition, the Consultant received a warrant to purchase up to 32,000 shares of the Company. The warrant has a term of five years and an exercise price of $0.50 per Share and will vest in 12 installments in the period from October 2011 to May 2016. The Company records expenses in respect of this warrant during the term of the services.

On June 22, 2011, the Subsidiary issued a purchase order to SAFC Pharma for producing one of its oral capsule ingredients in the amount of $600,000, $170,000 of which was recognized through May 31, 2012.

On August 15, 2011, the Company entered into a consulting agreement with a third party for a period of nine months, pursuant to which such consultant provided investor relations services and received a monthly cash fee of $4,000, and an additional $3,000 in the first month. In addition, the Advisor was issued 249,000 shares of the Company's common stock in three equal installments over the engagement period, commencing November 2011. See also note 4.

On December 12, 2011, the Subsidiary entered into a Supply Agreement with Swiss Caps AG ("Swiss Caps"), according to which, Swiss Caps will manufacture insulin capsules for a total consideration of CHF 395,000 (approximately $424,000) of which CHF 340,000 (approximately $365,000) was paid and recognized through May 31, 2012.

On February 15, 2012, the Company entered into an advisory agreement with a third party for a period of one year, pursuant to which such third party will provide investors relations services and will be entitled to a share based compensation as follows: 300,000 shares of common stock of the Company will be issued in six installments over the engagement period, commencing February 15, 2012, and a warrant to purchase 750,000 shares of common stock of the Company. The warrant has a term of five years and an exercise price of $0.50 per share and will vest in 12 monthly installments over the term of the agreement. As to an amendment to the agreement and issuance of shares, see also note 6.

Grants from Bio-Jerusalem

The Subsidiary is committed to pay royalties to Bio-Jerusalem fund on proceeds from future sales at a rate of 4% and up to 100% of the amount of the grant received by the Company (Israeli CPI linked) at the total amount of $52,733. As of May 31, 2012, the Subsidiary had not yet realized any revenues and did not incur any royalty liability.

For the nine month period ended May 31, 2012, there were no grants received from the Bio-Jerusalem fund.

Grants from the OCS

The Subsidiary is committed to pay royalties to the Government of Israel on proceeds from sales of products in the research and development of which the Government participates by way of grants.

At the time the grants were received, successful development of the related products was not assured. In case of failure of a product that was partly financed as above, the Subsidiary is not obligated to pay any such royalties.

Under the terms of the Subsidiary's funding from the Israeli Government, royalties of 3%-3.5% are payable on sales of products developed from a project so funded, up to 100% of the amount of the grant received by the Subsidiary (dollar linked) with the addition of annual interest at a rate based on LIBOR.

As of May 31, 2012, the Subsidiary had not yet realized any revenues from such product and did not incur any royalty liability. The total amount that was actually received through May 31, 2012 was $1,238,740.

For the nine month period ended May 31, 2012, the research and development expenses are presented net of OCS grants, in the total amount of $260,993.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

+ Details

FAIR VALUE

9 Months Ended

May 31, 2012

FAIR VALUE [Abstract]

FAIR VALUE

NOTE 3 - FAIR VALUE:

The Company measures fair value and discloses fair value measurements for financial assets. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The accounting standard establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below:

Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data.

Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs.

In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible.

Marketable securities consist wholly of equity securities of D.N.A Biomedical Solutions Ltd. which were received in March 2011 as part of the consideration for selling the Company's equity method investee Entera. Those securities are classified as available-for-sale and are recorded at fair value. The D.N.A Shares are listed on the Tel Aviv Stock Exchange ("TASE") and their tradability was restricted for a period of 6 months from the closing date of the transaction according to TASE policy with regards to private placements. Until September 30, 2011, the fair value of the restricted securities was measured based on the quoted prices of the otherwise identical unrestricted securities, adjusted for the effect of the restriction by applying a proper discount. The discount was determined with reference to other similar restricted instruments. Similar securities, with no restriction on tradability, are quoted on an active market. As of October 1, 2011, the securities are not restricted and the fair value of the securities is measured based on the quoted prices of the securities on an active market.

Transfers in and/or out of Level 3 are recognized in the beginning of the reporting period.

Financial items carried at fair value as of May 31, 2012 and August 31, 2011 are classified in the tables below in one of the three categories described above:

	Fair value measurements at reporting date using
	Level 1		Level 2		Level 3		Total
Marketable securities:
May 31, 2012	$	357,323		-		-	$	357,323
August 31, 2011		-		-	$	384,565	$	384,565

The following table summarizes the activity for those financial assets where fair value measurements are estimated utilizing Level 3 inputs:

	Nine months ended
	May 31,
	2012
	Unaudited
Carrying value at the beginning of the period	$	384,565
Reclassification to level 1		(384,565	)
Carrying value at the end of the period		-

During the year ended August 31, 2011, the Company recorded, initially, the decline in the fair value of its available-for-sale marketable securities, in the amount of $197,412, to equity, as other comprehensive loss, then, in the fourth quarter of 2011, as a result of a substantial and prolonged decrease in the market value of the security reclassified such unrealized loss to earnings, to reflect the other than temporary impairment of these securities .

During the second quarter of fiscal 2012 an additional other-than-temporary impairment was recognized due to the continuous decline in the fair value of the security. Subsequent increase in the fair value during the third quarter of fiscal 2012 has been carried to other comprehensive income.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Number 107
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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+ Details

STOCKHOLDERS' EQUITY	9 Months Ended
STOCKHOLDERS' EQUITY	May 31, 2012
STOCK HOLDERS' EQUITY [Abstract]
STOCK HOLDERS' EQUITY	NOTE 4 - STOCK HOLDERS' EQUITY: On each of December 12, 2011, March 14, 2012 and May 15, 2012, the Company issued 83,000 shares of its common stock to an advisor as remuneration for services provided. The fair value of the shares of common stock at the dates of grant was $24,900, $26,560 and $24,900, respectively. See also note 2h. On March 14, 2012, the Company issued 50,000 shares of its common stock to an advisor as remuneration for services provided. The fair value of the shares at the date of grant was $15,500. See also note 2j.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph d

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 1
-Section B
-Paragraph 7, 11A
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 129
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
-Section 08
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Section E

Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

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+ Details

EARNINGS PER SHARE

9 Months Ended

May 31, 2012

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE 5 - EARNINGS PER SHARE:

Basic earnings per share is computed by dividing net loss attributable to the Company by the weighted average number of ordinary shares outstanding during the period.

During the nine month period ended May 31, 2011 and the three and nine-month periods ended May 31, 2012, the Company reported net losses; therefore, no common stock equivalents were included in the computation of diluted net loss per share for these periods, since such inclusion would have been antidilutive.

In computing diluted earnings per share for the three months ended May 31, 2011, basic earnings per share was adjusted to take into account the potential dilution that could occur upon: (i) the exercise of options granted under employee stock compensation plans using the treasury stock method; and (ii) the conversion of the remaining convertible warrants by adding the weighted average number of shares issuable upon assumed conversion of the options and warrants.

The net income and the weighted average number of shares used in the computation of basic and diluted earnings per share for the three months ended May 31, 2011 are as follows:

	Three months ended
	May 31, 2011

Net income used for the computation of basic and diluted earnings per share	$	457,370

Weighted average number of shares used in the computation of basic earnings per share		69,049,995
Add:
Additional shares from the assumed exercise of warrants		3,360,644
Weighted average number of shares used in the computation of diluted earnings per share		72,410,339

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	May 31, 2012
SUBSEQUENT EVENT [Abstract]
SUBSEQUENT EVENT	NOTE 6 - SUBSEQUENT EVENTS: On July 3, 2012, the Company and a third party entered into an amendment to the agreement that is described in note 2j, according to which, the original agreement will be extended until July 3, 2013 (unless terminated earlier by one of the parties), and a new payment schedule was determined for the remainder of the share based compensation described in the said note until the end of the new term of the agreement. The Company records expenses in respect of this warrant during the term of the services. On July 5, 2012, the Company issued 50,000 shares of its common stock, to that third party as remuneration for services provided. The fair value of the shares at the date of grant was $15,000.