v3.7.0.1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Income Statement [Abstract]
REVENUES	$ 2,647,773	$ 1,378,168	$ 5,188,780	$ 2,668,169
OPERATING EXPENSES
Direct cost of services	1,232,260	1,127,327	2,972,425	2,184,697
Personnel	797,825	761,953	1,502,006	1,311,972
Selling, general and administrative	664,388	640,181	1,108,026	1,626,036
Equity-based expense	21,450	438,242	56,944	526,426
TOTAL OPERATING EXPENSES	2,715,923	2,967,702	5,639,401	5,649,130
INCOME (LOSS) FROM OPERATIONS	(68,150)	(1,589,534)	(450,621)	(2,980,961)
OTHER INCOME (EXPENSE)
Subscription Receivable Write-Off	(190,000)		(190,000)
Gain on Settlement	55,879		4,359,054
Interest expense	(625,755)	(636,724)	(1,032,594)	(2,689,516)
Change in value of derivatives	(57,445)	20,486	421,317	222,735
Miscellaneous income (expense), net	(835)	(16,482)	(835)	(33,270)
TOTAL OTHER INCOME (EXPENSE)	(818,156)	(632,720)	3,556,942	(2,500,051)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE PROVISION FOR (BENEFIT FROM) INCOME TAXES	(886,306)	(2,222,254)	3,106,321	(5,481,012)
Provision for (benefit from) income taxes
INCOME (LOSS) FROM CONTINUING OPERATIONS	(886,306)	(2,222,254)	3,106,321	(5,481,012)
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax
NET INCOME (LOSS)	(886,306)	(2,222,254)	3,106,321	(5,481,012)
Net income (loss) attributable to noncontrolling interests
Earnings per share - basic and diluted
Income (loss) from continuing operations attributable to Greenwood Hall, Inc. common stockholders (in dollars per share)	$ (0.01)	$ (0.05)	$ 0.05	$ (0.11)
Net income (loss) attributable to Greenwood Hall, Inc. common stockholders (in dollars per share)	$ (0.01)	$ (0.05)	$ 0.05	$ (0.11)
Weighted average common shares - basic (in shares)	60,670,016	48,245,471	58,992,647	47,950,973
Weighted average common shares - diluted (in shares)	60,670,016	48,245,471	59,557,893	47,950,973

Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.

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GREENWOOD HALL, INC. 10-Q