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FAIR VALUE MEASUREMENTS (Details) (USD $)
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Aug. 31, 2014
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Aug. 31, 2013
|
|---|---|---|
| Tap Participation Fee liability | $ 7,935,262 | $ 59,807,289 |
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Total Unrealized Gain
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| Tap Participation Fee liability | ||
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Cost/Other Value
|
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| Tap Participation Fee liability | 7,935,300 | |
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Fair Value
|
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| Tap Participation Fee liability | 7,935,300 | |
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Quoted Prices in Active Markets for Identical Assets (Level 1)
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| Tap Participation Fee liability | ||
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Significant Other Observable Inputs (Level 2)
|
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| Tap Participation Fee liability | ||
|
Significant Unobservable Inputs (Level 3)
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| Tap Participation Fee liability | $ 7,935,300 |