INCOME TAXES (Details) - USD ($) |
Aug. 31, 2015 |
Aug. 31, 2014 |
|---|---|---|
| Deferred tax assets: | ||
| Net operating loss carryforwards | $ 1,816,200 | $ 7,279,900 |
| Imputed interest on Tap Participation Fee | 0 | 10,609,600 |
| Deferred revenue | 503,300 | 768,400 |
| Impairment Charges | 0 | 2,360,200 |
| Depreciation and depletion | 320,300 | 4,695,900 |
| Other | 34,200 | 26,700 |
| Valuation allowance | (2,674,000) | (25,740,700) |
| Net deferred tax asset | $ 0 | $ 0 |
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- References No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from property, plant, and equipment. No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from accrued liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from estimated impairment losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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