RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)
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3 Months Ended | |
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Nov. 30, 2013
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Nov. 30, 2012
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Related Party Transactions Details Narrative | ||
Related Party Transaction, Amounts of Transaction | $ 55,000 | $ 1,000 |
Due from Related Parties | 250,000 | |
Debt Instrument, Basis Spread on Variable Rate | 2.00% | |
Related Party Transaction, Rate | 5.25% | |
Notes Receivable, Related Parties | 559,000 | |
Due from Related Parties, Principal | 229,300 | |
Due from Related Parties, Interest | $ 329,700 | |
Variable rate basis | Prevailing Prime Rate |
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- Definition
The interest portion of outstanding notes receivable from related parties. No definition available.
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- Definition
The principal portion of outstanding notes receivable from related parties. No definition available.
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- Details
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- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition
The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
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- Definition
For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For an unclassified balance sheet, amounts due from parties associated with the reporting entity as evidenced by a written promise to pay. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of transactions with related party during the financial reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Identify the stated interest rate per the agreement, for example, leasing and debt arrangements between related parties. No definition available.
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