Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

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Accrued Liabilities
9 Months Ended
May 31, 2013
Accrued Liabilities  
Accrued Liabilities
NOTE 8 – ACCRUED LIABILITIES

At May 31, 2013, the Company had accrued liabilities of $196,200, of which $98,600 was for estimated property taxes, $44,500 was for professional fees, $27,900 was for farm lease prepayments, and $25,200 related to operating payables.

At August 31, 2012, the Company had accrued liabilities of $172,600, of which $60,500 was for estimated property taxes, $56,800 was for professional fees, $33,500 was for farm lease prepayments, and the remaining $21,800 related to operating payables.